证券代码：603012 证券简称：创力集团 公告编号:2023-017 上海创力股份有限公司 关于 2022 年度网上业绩暨分红说明会预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 如有董事对临时公告内容的真实性、准确性和完整性无法保证或存在异议 的，公司应当在公告中作特别提示。 重要内容提示： 一、说明会类型 为便于广大投资者更全面深入地了解公司 2022 年度经营成果及财务状况， 进一步增进公司与广大投资者的沟通与交流，公司定于 2023 年 5 月 9 日上午 通过网络互动的方式召开 2022 年度网上业绩说明会。 二、说明会召开的时间、地点 上海创力集团股份有限公司（以下简称"公司"或"本公司"）已于 2023 年 4 月 26 日披露了《2022 年年度报告全文及其摘要》；具体内容请查阅公司在 《中国证券报》、《证券时报》及上海证券交易所网站 http://www.sse.com.cn 的 相关公告。 召开时间：2023 年 5 月 9 日（星期二）10:00—11:00 1 会议召开时间：2023 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥703,832,295.78, representing a decrease of 8.88% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥95,477,009.24, down 8.19% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥89,995,149.77, a decrease of 9.75% compared to the previous year[6]. - The basic earnings per share for the period was ¥0.15, reflecting a decline of 6.25%[6]. - Total operating revenue for the first three quarters of 2022 was CNY 1,664,325,571.51, a decrease from CNY 1,694,276,862.34 in the same period of 2021, representing a decline of approximately 1.8%[20]. - Net profit for the first three quarters of 2022 reached CNY 207.9 million, an increase of 40.83% from CNY 147.7 million in the same period of 2021[30]. - Total comprehensive income for Q3 2022 was 246,410,570.68, compared to 258,294,725.54 in Q3 2021, indicating a decrease of approximately 4.6%[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,171,062,812.46, an increase of 1.84% from the end of the previous year[6]. - As of September 30, 2022, total current assets amounted to CNY 4,513,046,266.50, slightly up from CNY 4,480,078,355.59 at the end of 2021[15]. - The total liabilities decreased to CNY 2,814,433,453.26 from CNY 2,947,993,628.92, reflecting a reduction of about 4.5%[18]. - The company's total equity increased to CNY 3,356,629,359.20 from CNY 3,111,296,250.41, representing a growth of approximately 7.9%[18]. - Total assets as of September 30, 2022, amounted to CNY 4,820,699,505.51, compared to CNY 4,684,765,140.71 at the end of 2021, reflecting an increase of about 2.9%[28]. - The total liabilities decreased to CNY 1,840,486,666.99 in Q3 2022 from CNY 1,913,753,286.43 in the previous year, showing a reduction of about 3.8%[28]. Cash Flow - The cash flow from operating activities showed a significant increase of 100.85%, primarily due to cash collections and increased acceptance bill collections[10]. - Cash inflow from operating activities for the first three quarters of 2022 was 1,918,934,539.75, compared to 1,805,987,014.59 in the same period of 2021, representing an increase of approximately 6.25%[24]. - The net cash flow from operating activities for Q3 2022 was CNY 394,369,713.60, a significant increase from CNY 196,347,020.80 in Q3 2021, representing a growth of approximately 100.6%[25]. - The cash inflow from financing activities was CNY 574,783,732.43 in Q3 2022, up from CNY 440,513,694.45 in Q3 2021, representing an increase of approximately 30.4%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,193[11]. - The largest shareholder, Shanghai Jusheng Investment Co., Ltd., held 10.20% of the shares, with 44,250,000 shares pledged[12]. Expenses - Research and development expenses increased to 91,097,429.98 in Q3 2022 from 59,691,621.74 in Q3 2021, reflecting a growth of approximately 52.5%[21]. - Sales expenses for Q3 2022 rose to 271,817,237.80 from 237,179,198.07 in Q3 2021, an increase of about 14.6%[21]. - Tax expenses for Q3 2022 were 59,234,989.36, up from 39,218,798.70 in Q3 2021, reflecting an increase of about 51.1%[22]. Inventory and Receivables - Accounts receivable decreased to CNY 1,817,715,301.16 from CNY 1,890,069,889.50, indicating a reduction of approximately 3.8%[15]. - Inventory levels rose significantly to CNY 1,193,546,564.70, compared to CNY 942,987,672.30 at the end of 2021, marking an increase of around 26.5%[15]. - The company's inventory increased to CNY 648,679,750.06 in Q3 2022 from CNY 510,480,009.40 in Q3 2021, reflecting a rise of about 27.1%[27].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 960,493,275.73, representing a 4.19% increase compared to CNY 921,837,265.49 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 151,909,581.35, a 24.66% increase from CNY 121,862,856.96 year-on-year[21]. - The net cash flow from operating activities significantly increased by 282.20%, amounting to CNY 247,937,612.21 compared to CNY 64,871,194.60 in the previous year[21]. - The basic earnings per share for the first half of 2022 was CNY 0.24, reflecting a 26.32% increase from CNY 0.19 in the same period last year[23]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which was CNY 131,027,645.42, up 25.76% from CNY 104,188,752.56[21]. - The company reported a total profit of CNY 172,588,564.81, an increase of 2.3% from CNY 168,437,439.27 in the first half of 2021[106]. - The comprehensive income for the current period is RMB 91,650,786.95, compared to RMB 76,642,852.17 in the same period last year, indicating an increase of about 19.6%[126]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,050,788,880.81, showing a slight decrease of 0.14% from CNY 6,059,289,879.33 at the end of the previous year[22]. - The total liabilities amounted to CNY 1,916,210,104.80, slightly up from CNY 1,913,753,286.43 at the end of 2021[103]. - The total current assets decreased slightly to CNY 4,405,841,210.17 from CNY 4,480,078,355.59, a reduction of about 1.7%[96]. - The total owner's equity at the end of the reporting period is RMB 2,811,737,841.23, an increase from RMB 2,771,011,854.28 at the end of the previous year, reflecting a growth of approximately 1.5%[125]. Research and Development - Research and development expenses surged by 60.56% to CNY 59,552,388.76, reflecting the company's increased investment in R&D[38]. - The company aims to enhance product quality and production efficiency through lean production projects and smart manufacturing initiatives[35]. - The company is focusing on the development of new energy vehicles and related technologies[50]. Strategic Initiatives - The company is focusing on high-end coal mining equipment, electrical equipment, and intelligent engineering, positioning itself as a leading enterprise in the domestic high-end coal machinery industry[28]. - The company aims to transition from a supplier to a service provider, enhancing service operation management to create new profit growth points[32]. - The company has initiated a digital transformation project to support smart manufacturing and comprehensive digital development[32]. Market and Competition - The company maintains stable relationships with major state-owned coal production enterprises, ensuring a diversified and deep cooperation model[30]. - The company is expanding its market presence in the renewable energy sector, particularly in electric vehicle battery manufacturing[50]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[66]. Shareholder and Corporate Governance - The company has committed to a cash dividend policy, distributing at least 15% of the distributable profit each year, with a cumulative cash distribution of no less than 30% of the average annual distributable profit over the last three years[68]. - The company held its 2022 first extraordinary general meeting on January 21, 2022, where it approved the amendment of the Articles of Association and the election of two new directors, increasing the board from 7 to 9 members[58]. - The company has not faced any major litigation or arbitration matters during the reporting period[70]. Risk Management - The company faces risks including economic and industry risks due to stricter coal control and environmental standards[52]. - The company has significant accounts receivable, indicating potential financial risk management issues[53]. - The company is focusing on risk management and optimizing its industrial layout to ensure high-quality development in the second half of the year[36]. Related Party Transactions - The company reported a total of CNY 73,986,098.45 in related party transactions, with no significant price discrepancies compared to non-related parties[72]. - The company has no significant related party transactions or financial business with financial companies[78]. Financial Reporting and Compliance - The company adheres to the Chinese Accounting Standards, ensuring that its financial statements accurately reflect its financial position and performance[140]. - The company confirmed that it has not faced any administrative penalties related to environmental issues during the reporting period[61]. - The company has confirmed its ability to continue as a going concern, with no significant doubts regarding its operational viability[138].

Financial Performance - The company's operating revenue for 2021 was RMB 2,614,330,303.21, representing a 14.30% increase compared to RMB 2,287,244,011.59 in 2020[22]. - The net profit attributable to shareholders of the listed company decreased by 15.70% to RMB 308,205,164.93 from RMB 365,609,037.74 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 285,532,188.04, down 14.72% from RMB 334,811,173.11 in 2020[22]. - The net cash flow from operating activities was RMB 290,743,179.01, a decrease of 5.31% compared to RMB 307,052,612.77 in 2020[22]. - The company's basic earnings per share decreased by 15.79% to CNY 0.48 in 2021 compared to CNY 0.57 in 2020[24]. - Operating revenue increased by 14.30% year-on-year, primarily due to the expansion of project service offerings and sales of shield machines[24]. - The overall gross margin declined due to lower margins on project services and increased costs, despite a growing market share[24]. - The company achieved a comprehensive acceptance rate of 96% for quality inspections of complete machines[35]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[91]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2021, representing a year-over-year growth of 15%[92]. Assets and Liabilities - Total assets at the end of 2021 reached RMB 6,059,289,879.33, an increase of 4.50% from RMB 5,798,208,828.56 at the end of 2020[23]. - The company's total equity reached RMB 3,111,296,250.41 in 2021, up from RMB 3,222,786,335.49 in 2020, showing a decrease of about 3.5%[198]. - Total liabilities increased to RMB 2,947,993,628.92 in 2021 from RMB 2,575,422,493.07 in 2020, representing a rise of about 14.5%[198]. - The company's current assets totaled RMB 4,480,078,355.59, up from RMB 4,241,792,357.03 in the previous year, indicating an increase of approximately 5.6%[197]. - Accounts receivable rose to RMB 1,890,069,889.50 in 2021, compared to RMB 1,584,762,122.83 in 2020, marking an increase of about 19.3%[197]. - Inventory levels increased to RMB 942,987,672.30 in 2021 from RMB 823,896,178.74 in 2020, reflecting a growth of approximately 14.5%[197]. - The total amount of related party transactions for the year was 202 million RMB, with no significant discrepancies from market prices[150]. - The total amount of related party debts decreased from CNY 280,731,802.07 to CNY 243,766,980.28, reflecting a reduction of approximately 13.2%[155]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.80 per share, totaling RMB 50,924,800.00, based on a total share capital of 636,560,000 shares as of December 31, 2021[6]. - The company distributed a cash dividend of RMB 0.90 per 10 shares, totaling RMB 57,290,400.00, based on a total share capital of 63,656,000 shares[117]. - The company plans to distribute cash dividends amounting to at least 15% of the distributable profits for the year, with a commitment to maintain a minimum of 30% of the average distributable profits over the last three years[134]. Research and Development - The company developed 7 new products and filed 8 patent applications during the year, enhancing its technological capabilities[33]. - Research and development expenses rose by 26.06% to 111,835.11 million RMB, reflecting the company's increased investment in R&D[46]. - The company is investing 100 million RMB in R&D for innovative technologies aimed at improving efficiency in coal mining operations[91]. - The company invested 50 million in R&D for new technologies aimed at improving operational efficiency[92]. Market Expansion and Strategy - The company is focusing on the development of intelligent and automated coal mining machinery, aligning with industry trends towards digitalization and green technology[31]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[91]. - The company plans to implement a "Digital Chuangli" strategy, focusing on smart manufacturing and comprehensive digital development, which includes product digitization and remote operation[77]. - The company plans to adjust its strategies in response to macroeconomic changes and market dynamics to seize new development opportunities[76]. Governance and Compliance - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[84]. - The company emphasizes strict compliance with information disclosure regulations, ensuring transparency and equal access to information for all shareholders[85]. - The company has established various committees under the board, including a strategic decision-making committee and an audit committee, to enhance governance[84]. - The company has not faced any penalties from securities regulatory agencies in the past three years[100]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding future plans and market conditions in its forward-looking statements[7]. - The company faces risks related to economic conditions, policy changes regarding carbon neutrality, and significant accounts receivable, which may impact financial stability[80]. - The company recognizes the trend of increasing automation and intelligence in the coal mining industry, which will drive the development of smart mining equipment[74]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 1,796, with 528 in the parent company and 1,268 in subsidiaries[112]. - The employee composition includes 996 production personnel, 125 sales personnel, 284 technical personnel, 58 financial personnel, 102 administrative personnel, and 231 others[112]. - The company has established a performance evaluation system for employee compensation, focusing on actual performance and contributions, with a competitive salary structure[114]. - The total remuneration for all directors, supervisors, and senior management in 2021 amounted to 12.6366 million yuan[98]. Acquisitions and Investments - The company completed the acquisition of a 36.04% stake in China Coal Technology for 408 million yuan, making it a wholly-owned subsidiary[35]. - The company completed the acquisition of a 36.04% stake in Zhejiang Zhongmei Machinery Technology Co., Ltd., resulting in 100% ownership as of December 31, 2021[72]. - The acquisition of Huatuo Engineering resulted in a cumulative net profit of 102.52 million RMB from 2018 to 2021, exceeding the original profit forecast of 92.99 million RMB[136]. - The acquisition of Zhongmei Technology achieved a cumulative net profit of 280.39 million RMB from 2019 to 2021, surpassing the initial profit forecast of 227.65 million RMB[136].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 390,781,379, representing a year-on-year increase of 16.88%[5] - The net profit attributable to shareholders for the same period was CNY 80,008,649.60, reflecting a significant increase of 47.00% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 68,580,157.62, which is a 59.31% increase year-on-year[5] - The basic earnings per share for Q1 2022 was CNY 0.13, an increase of 44.44% year-on-year[6] - The company reported a total profit of RMB 92,072,701 for Q1 2022, an increase of 24.6% from RMB 73,806,517 in Q1 2021[22] - Net profit for Q1 2022 was RMB 77,768,117, representing a 22.7% increase from RMB 63,454,684 in Q1 2021[23] - The company achieved a gross profit margin of approximately 17.8% in Q1 2022, compared to 16.9% in Q1 2021[22] Cash Flow - The net cash flow from operating activities reached CNY 102,993,576.86, marking a substantial increase of 281.53% compared to the same period last year[5] - The net cash flow from operating activities for Q1 2022 was RMB 102,993,577, a significant recovery from a negative cash flow of RMB -56,735,531 in Q1 2021[25] - The net cash flow from investing activities was -$51.97 million, compared to -$49.51 million in the previous period[26] - Cash inflow from financing activities totaled $337.11 million, significantly higher than $161.86 million in the prior period[26] - The net cash flow from financing activities was $147.39 million, a turnaround from a net outflow of -$9.28 million previously[26] - The total cash and cash equivalents at the end of the period increased to $605.51 million, up from $460.86 million[26] - The net increase in cash and cash equivalents for the period was $198.41 million, contrasting with a decrease of -$115.52 million in the prior period[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,130,670,635.99, up 1.18% from the end of the previous year[6] - Total current assets amounted to RMB 4,564,347,320.31, an increase from RMB 4,480,078,355.59 as of December 31, 2021, reflecting a growth of approximately 1.5%[19] - Total liabilities as of March 31, 2022, were RMB 2,941,605,426.44, slightly down from RMB 2,947,993,628.92 as of December 31, 2021[20] - The company's total equity increased to RMB 3,189,065,209.55 from RMB 3,111,296,250.41, marking a growth of approximately 2.5%[20] - The company reported a total asset value of RMB 6,130,670,635.99 as of March 31, 2022, compared to RMB 6,059,289,879.33 at the end of 2021[20] Shareholder Information - The company had a total of 36,078 common shareholders at the end of the reporting period[13] - The top ten shareholders held a combined 42.66% of the company's shares, with Shanghai Jusheng Investment Co., Ltd. being the largest shareholder at 10.42%[14] Research and Development - Research and development expenses increased to RMB 34,035,232 in Q1 2022, up 98.5% from RMB 17,137,489 in Q1 2021[22] Other Income and Expenses - Other income for Q1 2022 was RMB 6,833,521, slightly down from RMB 7,196,256 in Q1 2021[22] - The company recorded a significant increase in investment income from joint ventures, rising to RMB 1,263,876 in Q1 2022 from RMB 1,068,346 in Q1 2021[22] - Cash outflow for debt repayment was $174.96 million, compared to $164.18 million in the previous period[26] - Cash outflow related to other financing activities was $8.64 million, compared to $1.14 million previously[26] Accounting Standards - The company did not apply the new accounting standards for the current year[26]

Financial Performance - The company's revenue for Q3 2021 reached ¥772,439,596.85, representing a year-on-year increase of 34.61%[4] - Net profit attributable to shareholders was ¥103,989,028.94, up 29.02% compared to the same period last year[4] - Basic earnings per share for the quarter were ¥0.16, reflecting a 33.33% increase year-on-year[5] - The company reported a decrease of 12.20% in net profit attributable to shareholders for the year-to-date period compared to the same period last year[4] - Total operating revenue for the first three quarters of 2021 reached ¥1,694,276,862.34, an increase of 2.4% compared to ¥1,654,675,453.89 in the same period of 2020[18] - The net profit for Q3 2021 was CNY 258,295,110.69, a decrease from CNY 280,847,569.04 in Q3 2020, representing a decline of approximately 8.5%[19] - The total profit for Q3 2021 was CNY 297,513,909.39, compared to CNY 330,214,212.89 in Q3 2020, representing a decrease of approximately 9.9%[19] - The operating profit for Q3 2021 was CNY 269,831,166.99, down from CNY 304,081,793.67 in Q3 2020, reflecting a decrease of approximately 11.2%[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,953,233,463.18, a 2.67% increase from the end of the previous year[5] - The company's current assets as of September 30, 2021, totaled ¥4,460,948,071.60, compared to ¥4,241,792,357.03 at the end of 2020, indicating a growth of 5.2%[14] - The total assets of the company amounted to ¥5,953,233,463.18 as of September 30, 2021, compared to ¥5,798,208,828.56 at the end of 2020, representing an increase of 2.7%[16] - The company's total liabilities decreased to ¥2,529,442,802.15 from ¥2,575,422,493.07, a reduction of 1.8%[16] - The total equity attributable to shareholders increased to ¥3,084,245,469.52 from ¥2,915,684,368.77, marking a growth of 5.8%[16] Cash Flow - Cash flow from operating activities increased by 71.36%, primarily due to an increase in cash collected from maturing notes[9] - The cash flow from operating activities for the first three quarters of 2021 was CNY 196,347,020.80, an increase from CNY 114,579,995.65 in the same period of 2020, indicating a growth of about 71.3%[21] - The company's cash and cash equivalents stood at ¥691,246,347.20, compared to ¥667,959,036.20 at the end of 2020, showing a slight increase of 3.5%[14] - The cash and cash equivalents at the end of the period amounted to $549.77 million, an increase from $415.37 million year-over-year[22] - The company reported a decrease in cash and cash equivalents of -$26.61 million for the quarter, compared to -$44.22 million in the previous year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,772[10] - Shanghai Jusheng Investment Co., Ltd. held 10.42% of the shares, with 48,000,000 shares pledged[11] Research and Development - The company has not disclosed any new product developments or market expansion strategies in the current report[3] - Research and development expenses for Q3 2021 were CNY 59,691,621.74, slightly lower than CNY 63,921,141.71 in Q3 2020, showing a decrease of about 6.5%[19] Tax and Financial Expenses - The tax expenses for Q3 2021 were CNY 39,218,798.70, down from CNY 49,366,643.85 in Q3 2020, reflecting a decrease of approximately 20.5%[19] - The financial expenses for Q3 2021 were CNY 21,587,428.55, significantly higher than CNY 10,289,051.56 in Q3 2020, representing an increase of approximately 109.5%[19]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥921,837,265.49, a decrease of 14.71% compared to ¥1,080,850,506.32 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥121,862,856.96, down 31.02% from ¥176,651,553.38 year-on-year[18]. - The net cash flow from operating activities decreased by 43.94%, amounting to ¥64,871,194.60 compared to ¥115,717,288.36 in the previous year[18]. - Basic earnings per share were ¥0.19, a decrease of 32.14% from ¥0.28 in the same period last year[20]. - The weighted average return on net assets was 4.13%, down from 6.61% year-on-year, reflecting a decrease of 2.48 percentage points[20]. - The decline in revenue was attributed to a lag in order fulfillment due to the long production cycle of coal machinery equipment, exacerbated by reduced orders from the previous year due to the pandemic[21]. - Increased depreciation costs and rising labor costs due to employee salary adjustments contributed to the decline in net profit[21]. - The company faced a decrease in government subsidies, impacting the net profit attributable to shareholders after deducting non-recurring gains and losses, which fell by ¥5,300.28 million year-on-year[21]. Assets and Liabilities - Total assets slightly decreased by 0.10%, totaling ¥5,792,556,005.02 compared to ¥5,798,208,828.56 at the end of the previous year[19]. - Cash and cash equivalents at the end of the period amounted to ¥606,027,165.81, representing 10.46% of total assets, a decrease of 9.27% compared to the previous year[43]. - Accounts receivable increased to ¥1,647,226,609.95, accounting for 28.43% of total assets, reflecting a growth of 3.94% year-over-year, primarily due to increased raw material purchases[43]. - Inventory rose significantly to ¥1,056,264,679.23, which is 18.23% of total assets, marking a 28.20% increase from the previous year, attributed to products pending inspection[43]. - Short-term borrowings increased by 18.81% to ¥499,868,721.36, now representing 8.63% of total assets, compared to 7.26% last year[43]. - Long-term borrowings decreased by 39.99% to ¥42,976,150.77, which is 0.74% of total assets, down from 1.24% the previous year, due to repayments to leasing companies[43]. - The total liabilities to equity ratio improved to approximately 0.75 from 0.80, indicating a stronger equity position relative to liabilities[90]. Research and Development - The company has a strong R&D team composed of national experts and high-level talents, supported by partnerships with universities and research institutions[32]. - The company is advancing its technology strategy by collaborating with Huawei on the development of intelligent control systems for mining operations[30]. - The company aims to enhance high-end and intelligent product development, focusing on automation and information technology[37]. - The company is actively exploring new processes to improve the basic performance of key component materials, enhancing its competitive edge in the market[37]. Strategic Initiatives - The company aims to enhance its competitiveness and profitability by establishing subsidiaries focused on intelligent mining solutions and automation technologies[30]. - The company is committed to the development of smart, green, and service-oriented coal equipment manufacturing, aligning with national industry transformation goals[29]. - The company is focused on optimizing its industrial layout and structure, modernizing its supply chain, and promoting innovation in the coal equipment manufacturing sector[29]. - The company has established a new subsidiary, Zhejiang Shangchuan Intelligent Technology Co., Ltd., to enhance its capabilities in smart mining systems[30]. Shareholder and Capital Management - The company has not proposed any profit distribution or capital reserve increase for the half-year period, with no dividends or stock bonuses planned[58]. - The company plans to distribute cash dividends annually, with the cash dividend amount not less than 15% of the distributable profit for the year, and cumulative cash dividends over the last three years should not be less than 30% of the average annual distributable profit[65]. - The total number of ordinary shareholders at the end of the reporting period was 38,207[79]. - The largest shareholder, Shanghai Jusheng Investment Co., Ltd., held 66,345,866 shares, accounting for 10.42% of total shares[81]. - The second-largest shareholder, China Coal Machinery Group Co., Ltd., held 43,708,434 shares, representing 6.87% of total shares[81]. Related Party Transactions - The company reported a total related party transaction amount of RMB 89,316,916.10 during the reporting period[70]. - The company purchased mining equipment and spare parts from related parties, with transaction amounts of RMB 27,222,477.80 and RMB 54,926,683.45 respectively, representing 6.35% and 10.85% of the market reference price[70]. - The company emphasizes fair pricing principles in daily related party transactions, ensuring no harm to the interests of the company and minority shareholders[71]. - The company strictly adheres to legal regulations in daily transactions, maintaining independent decision-making without control from related parties[71]. Financial Risks and Compliance - The company faces economic and industry risks due to stricter standards on coal control and environmental protection, which may impact operational goals and development strategies[53]. - There is a significant financial risk management concern due to large accounts receivable[54]. - The company has a continuous operation assessment indicating no significant doubts about its ability to continue operations[131]. - The company’s accounting policies comply with the relevant accounting standards and reflect its financial status accurately[133]. Accounting and Financial Reporting - The company’s accounting period runs from January 1 to December 31 each year[134]. - The consolidated financial statements are prepared based on control, including the company and all subsidiaries, reflecting the overall financial position, operating results, and cash flows of the group[139]. - The company recognizes long-term prepaid expenses that are to be amortized over a period exceeding one year[191]. - The company does not capitalize internal research and development expenditures, treating them as expenses in the period incurred[188].

Financial Performance - Operating revenue for the first quarter was CNY 334.34 million, down 10.67% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 54.43 million, an increase of 8.82% compared to the same period last year[5] - The company reported a net profit of CNY 43.05 million after deducting non-recurring gains and losses, up 26.83% year-on-year[5] - Basic earnings per share increased to CNY 0.09, representing a growth of 12.50% compared to the previous year[7] - The company's operating revenue for Q1 2021 was CNY 185,206,060.96, an increase of 9.6% compared to CNY 168,909,931.12 in Q1 2020[27] - The net profit for Q1 2021 reached CNY 63,454,683.99, up 17.5% from CNY 53,894,711.97 in the same period last year[25] - The total profit for Q1 2021 was CNY 73,806,517.21, an increase of 17% from CNY 63,122,457.63 in Q1 2020[25] - The company's operating profit for Q1 2021 was CNY 60,572,464.56, an increase from CNY 46,924,570.13 in Q1 2020[25] Cash Flow - Net cash flow from operating activities was negative CNY 56.74 million, a decline of 258.43% year-on-year[5] - Cash received from operating activities decreased by 66.22% to CNY 7,926,694.40, mainly due to reduced government subsidies and interest income[15] - Cash inflow from investment activities totaled CNY 288,032,822.89, up from CNY 136,796,720.85 in Q1 2020, indicating a growth of about 110%[30] - Cash outflow from investment activities was CNY 337,543,032.77, compared to CNY 160,203,041.76 in Q1 2020, resulting in a net cash flow from investment activities of negative CNY 49,510,209.88[30] - Cash inflow from financing activities was CNY 161,863,904.78, an increase from CNY 131,622,072.00 in Q1 2020, reflecting a growth of approximately 22.9%[31] - Net cash flow from financing activities was negative CNY 9,275,781.94, a significant decline from positive CNY 54,135,925.65 in the previous year[31] - The ending cash and cash equivalents balance was CNY 460,859,609.57, down from CNY 492,596,077.02 at the end of Q1 2020[31] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 5.68 billion, a decrease of 2.05% compared to the end of the previous year[5] - Total assets as of March 31, 2021, were CNY 4,163,800,515.86, slightly up from CNY 4,158,607,907.91 at the end of 2020[21] - Total liabilities decreased to CNY 1,501,088,287.72 from CNY 1,527,595,306.08 as of December 31, 2020[22] - The balance of prepayments increased by 56.10% to CNY 144,344,760.17, due to delayed equipment deliveries[13] - The balance of other receivables rose by 40.24% to CNY 43,511,331.45, mainly from pending government subsidies[13] - Employee compensation payable decreased by 45.39% to CNY 23,884,542.88, due to the distribution of year-end bonuses in Q1 2021[13] - Tax payable decreased by 51.11% to CNY 49,894,544.71, primarily due to tax payments made in Q1 2021[13] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,424[10] - The largest shareholder, Shanghai Jusheng Investment Co., Ltd., held 10.42% of the shares, with 66,345,866 shares pledged[10] Research and Development - Research and development expenses for Q1 2021 were CNY 17,137,489.04, a decrease from CNY 19,793,732.13 in Q1 2020[23] - The company's R&D expenses in Q1 2021 were CNY 13,145,777.51, a decrease of 19.5% from CNY 16,374,365.23 in Q1 2020[27] - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company plans to focus on market expansion and new product development in the upcoming quarters[23] Cost Management - Operating costs decreased by 34.78% to CNY 157,453,596.51, primarily due to a higher proportion of low-margin business[13] - Total operating costs for Q1 2021 were CNY 277,240,308.20, down 17.9% from CNY 337,573,468.85 in Q1 2020[23] - Gross profit margin improved to 17.1% in Q1 2021 from 10.0% in Q1 2020, reflecting better cost management[23] - The company recorded a decrease in sales expenses to CNY 31,505,395.46 in Q1 2021 from CNY 24,474,340.19 in Q1 2020, reflecting a strategic cost management approach[27]

Financial Performance - In 2020, the company's operating revenue was CNY 2,287,244,011.59, a slight decrease of 0.05% compared to CNY 2,288,473,587.90 in 2019[22]. - The net profit attributable to shareholders increased by 23.75% to CNY 365,609,037.74 from CNY 295,453,458.47 in the previous year[22]. - The net profit after deducting non-recurring gains and losses rose by 30.93% to CNY 334,811,173.11, compared to CNY 255,708,989.67 in 2019[22]. - The cash flow from operating activities netted CNY 307,052,612.77, reflecting a significant increase of 57.50% from CNY 194,957,565.41 in 2019[22]. - The total assets of the company at the end of 2020 were CNY 5,798,208,828.56, up 6.95% from CNY 5,421,412,777.34 in 2019[22]. - The net assets attributable to shareholders increased by 11.77% to CNY 2,915,684,368.77 from CNY 2,608,604,332.32 in 2019[22]. - The basic earnings per share rose to CNY 0.57, a 23.91% increase from CNY 0.46 in 2019[23]. - The weighted average return on equity improved to 13.24%, an increase of 2.36 percentage points from 10.88% in 2019[23]. - The company reported a significant increase in cash flow, with a notable improvement in cash recovery efforts compared to the previous year[25]. - The company achieved a total operating revenue of CNY 2,287,244,011.59, a slight decrease of 0.05% compared to the previous year[41]. - The net profit attributable to ordinary shareholders increased by 23.75% to CNY 36,560,900[41]. - The company reported a net cash flow from operating activities of CNY 307,052,612.77, an increase of 57.50% year-on-year[43]. - The company’s cost of goods sold decreased by 5.47% to CNY 1,202,222,350.38, indicating improved operational efficiency[43]. - The company reported a significant increase of 328.49% in other non-current assets to ¥29,399,241.28, mainly due to increased contract acquisition costs and long-term asset prepayments[64]. - The company’s net profit for 2020 was RMB 93.59 million after deducting non-recurring gains and losses, fulfilling the profit commitment[100]. - The company reported a total revenue of RMB 343,146,016.18, with no significant differences in major sales returns[113]. Research and Development - The company has focused on high-end mining equipment and intelligent engineering, with products including intelligent coal mining machines and shield machines, leveraging 5G and AI technologies[31]. - The company developed 10 new products and upgraded 12 existing models during the reporting period, enhancing market competitiveness[39]. - The company’s research and development expenses rose by 14.07% to CNY 88,717,437.29, reflecting a commitment to innovation[43]. - Research and development expenses for 2020 were CNY 88.72 million, an increase of 13.0% from CNY 77.78 million in 2019[197]. - The company is investing in new technology development, allocating 100 million towards R&D initiatives in the upcoming fiscal year[96]. - The company is focusing on developing high-end mining equipment and smart engineering solutions to meet market demands[76]. - The company aims to enhance the integration of intelligent technology within the coal industry to improve equipment manufacturing and operational efficiency[74]. - The company emphasizes the importance of technological innovation and aims to improve the performance and reliability of existing products while integrating new technologies[80]. Market and Industry Trends - The coal machinery industry has shown steady development with operating revenue remaining stable compared to last year, while overall gross margin has increased due to enhanced cost control and reduced coal trading[25]. - The coal industry is undergoing a transformation towards new models and technologies, with significant advancements in intelligent production and construction[32]. - The coal demand in China is expected to see slight growth in 2021, driven by macroeconomic stability and energy policies[74]. - The coal import market in China is expected to remain stable, with improvements in the quality of the coal supply system[74]. - The company plans to enhance its marketing system and risk management, focusing on both new and existing markets, and aims to improve customer satisfaction reflected in data[79]. Corporate Governance and Shareholder Relations - The company has committed to avoiding any direct or indirect competition with its controlling enterprises, ensuring shareholder interests are protected[92]. - The company has a complete and clear dividend distribution standard and allocation ratio, safeguarding the rights of all shareholders, especially minority shareholders[88]. - The company has established a robust approval process for its profit distribution plan, adhering to regulatory guidelines[88]. - The company has established a three-year shareholder return plan for 2020-2022[171]. - The company has not engaged in any share repurchase activities that would count as cash dividends during the reporting period[90]. - The company has not proposed any cash profit distribution plan despite having positive distributable profits for ordinary shareholders[90]. - The company’s profit distribution plan for the past three years shows a consistent increase in cash dividends per share, reflecting a commitment to shareholder returns[89]. - The company has maintained compliance with environmental regulations, with no administrative penalties reported during the reporting period[125]. Financial Management and Risk - The company faces risks related to economic conditions, policy changes, and management challenges, particularly in accounts receivable and group management[85]. - The company has not reported any significant deficiencies in internal control during the reporting period[174]. - The company has implemented a competitive compensation policy that aligns with industry standards and performance outcomes[160]. - The company has a strict governance structure, ensuring compliance with laws and regulations, and protecting the rights of all shareholders[165]. - The company has no new non-operating fund occupation during the reporting period, indicating effective financial management[102]. - The company’s accounts receivable amounted to ¥1,969,862,878.54, with a bad debt provision of ¥385,100,755.71[180]. Future Outlook and Strategic Initiatives - The company plans to continue focusing on automation and value-added services to enhance profitability in the coming years[44]. - The company aims to achieve a "three-no" coal mine: wireless coverage, intelligent control, and no personnel casualties, with a focus on green, safe, and efficient operations[78]. - The company plans to propose mid-term cash dividends based on financial conditions, in addition to annual distributions[99]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of up to 500 million for potential targets[96]. - The company plans to enhance its technological management to improve product quality and establish a unified information management platform across the group[83]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities[148]. - The company plans to expand its market presence by entering three new regions by the end of 2021[148]. - Future guidance suggests a cautious approach to share buybacks and executive compensation adjustments based on performance metrics[146].

Financial Performance - Revenue for the first nine months was ¥1,654,675,453.89, up 4.75% from the same period last year[7]. - Net profit attributable to shareholders rose by 17.47% to ¥257,248,121.35[7]. - Basic earnings per share increased by 17.65% to ¥0.40[9]. - Total operating revenue for Q3 2020 was CNY 573,824,947.57, a decrease of 1.37% compared to CNY 579,620,680.66 in Q3 2019[36]. - Net profit for Q3 2020 was CNY 86,411,783.05, down 8.73% from CNY 94,253,377.92 in Q3 2019[38]. - The total profit for the first three quarters of 2020 was CNY 202,815,398.55, down 1.1% from CNY 206,100,074.14 in the same period of 2019[43]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,436,873,663.74, a slight increase of 0.29% compared to the end of the previous year[7]. - Total liabilities decreased to CNY 2,353,771,003.94 from CNY 2,581,203,446.21, indicating a reduction of approximately 8.8%[31]. - The company's total assets were reported at CNY 5,421,412,777.34[51]. - Total liabilities reached approximately $1.51 billion, with current liabilities accounting for about $1.44 billion[56]. - The company has a deferred tax asset of approximately $61 million and a long-term liability of about $42 million[56]. Shareholder Information - The total number of shareholders reached 44,292 at the end of the reporting period[12]. - The top ten shareholders held a combined 56.14% of the company's shares, with Shanghai Jusheng Investment Co., Ltd. holding 10.42%[12]. - Shareholders' equity rose to CNY 3,083,102,659.80, up from CNY 2,840,209,331.13, marking an increase of about 8.5%[32]. Cash Flow and Investments - Operating cash flow for the first nine months was ¥114,579,995.65, representing a significant increase of 49.75% year-on-year[7]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 91,635,687.04, down 30.9% from CNY 132,863,013.47 in the first three quarters of 2019[47]. - The total cash outflow from investing activities in the first three quarters of 2020 was CNY 1,127,391,829.50, an increase of 45.4% compared to CNY 775,472,496.24 in the same period of 2019[47]. - The cash inflow from financing activities in the first three quarters of 2020 was CNY 240,488,676.81, a decrease of 44.4% compared to CNY 433,000,000.00 in the same period of 2019[48]. Expenses and Costs - The company’s tax expenses increased by 35.90% to RMB 11,261,917.34, attributed to higher property taxes[22]. - Total operating costs for Q3 2020 were CNY 488,610,740.46, an increase of 4.67% from CNY 467,305,013.21 in Q3 2019[37]. - Research and development expenses for Q3 2020 were CNY 23,306,853.59, an increase of 6.64% compared to CNY 21,847,360.68 in Q3 2019[37]. Future Plans - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed in the report[26]. - The company plans to continue focusing on R&D and market expansion strategies to drive future growth[36]. - The company plans to continue focusing on R&D and market expansion to drive future growth[42]. Other Financial Metrics - The weighted average return on net assets improved by 1.94 percentage points to 9.48%[9]. - The company reported a significant increase in prepayments, totaling RMB 135,292,283.20, which is a 138.49% increase compared to the previous year[17]. - Other income rose by 84.35% to RMB 26,800,256.02, mainly from government subsidies for new energy vehicles[22].