2021 年第三季度报告 证券代码：603028 证券简称：赛福天 江苏赛福天钢索股份有限公司 2021 年第三季度报告 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。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 2021 年第三季度报告 | 额 | | | | | | --- | --- | --- | --- | --- | | 基本每股收益（元/股） | 0.04 | -37.93 | 0.13 | 8.33 | | 稀释每股收益（元/股） | 0.04 | -37.93 | 0.13 | 8.33 | | 加权平均净资产收益率（%） | 1.48 | 减少0.47个 | 4.46 | 增加 0.75 个 | | | | 百分点 | | 百分点 | | | 本报告期末 | | 上年度末 ...

Group 1: Company Overview and Business Segments - The company operates in two main business segments: elevator steel wire ropes and construction design services [2][3]. - It ranks among the top two globally in market share for elevator steel wire ropes, which are critical components in elevators [2][3]. - The domestic elevator stock reached 7.745 million units by the end of 2020, indicating significant potential in the maintenance market [3][4]. Group 2: Market Demand and Client Relationships - The demand for elevator wire ropes is closely tied to the sales performance of major clients, including Mitsubishi, Schindler, and Otis [3][4]. - The company is actively expanding into the maintenance market, which is expected to grow due to increasing awareness of elevator safety [4][5]. - The company has made progress in the maintenance market since 2021, although it faces challenges due to a lack of standardized market management [4][5]. Group 3: Financial Performance and Growth Expectations - The company anticipates revenue growth in 2021 from both new installations and maintenance services [4][5]. - The crane wire rope segment is expected to benefit from the booming construction machinery market, with key clients including SANY and XCMG [4][5]. - The company has established a mechanism to pass on raw material price increases to downstream clients, helping to maintain profit margins [4][5]. Group 4: Innovations and Future Directions - The company began developing high-performance polymer core elevator wire ropes in 2013, which have gained customer satisfaction and increased sales [5][6]. - The company plans to expand its design services, with current EPC orders amounting to 2.24 billion RMB, positioning it as a future growth driver [5][6]. - The company aims to balance its focus between wire rope manufacturing and architectural design, leveraging government policies and market demand to enhance performance [5][6]. Group 5: Strategic Goals - The company is committed to seeking quality assets to create new profit growth points and enhance shareholder value [6].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 433,543,440.04, representing a 44.53% increase compared to CNY 299,967,753.20 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was CNY 22,580,187.64, a 79.87% increase from CNY 12,553,374.66 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 20,375,947.49, which is a 111.29% increase compared to CNY 9,643,663.39 in the same period last year[19]. - The basic earnings per share for the first half of 2021 was CNY 0.08, up 33.33% from CNY 0.06 in the same period last year[21]. - The weighted average return on net assets increased to 3.02% from 1.76%, an increase of 1.26 percentage points[21]. - The company achieved total revenue of 433.54 million yuan in the first half of 2021, an increase of 44.53% compared to the same period last year[44]. - The net profit attributable to shareholders of the parent company reached 22.58 million yuan, representing a year-on-year increase of 79.87%[44]. - The total profit for the first half of 2021 was CNY 28,548,284.28, compared to CNY 15,136,384.02 in the previous year, marking an increase of 89%[116]. - The total comprehensive income for the first half of 2021 was CNY 22,463,928.85, compared to CNY 13,438,795.99 in the same period of 2020[116]. Cash Flow and Financial Position - The net cash flow from operating activities decreased by 39.75%, amounting to CNY -33,521,884.61 compared to CNY -23,986,352.97 in the previous year[22]. - Cash and cash equivalents decreased to CNY 41,157,864.75 from CNY 48,935,965.97 at the end of 2020, a decline of approximately 15.7%[111]. - The company reported a net cash flow from operating activities of -21,231,666.71 RMB for the first half of 2021, an improvement from -44,616,882.51 RMB in the same period of 2020[123]. - The company experienced a net cash outflow from investment activities of -7,637,670.69 RMB, worsening from -2,767,857.25 RMB year-over-year[124]. - Total current assets as of June 30, 2021, amount to 546,622,234.95 RMB, an increase from 516,976,868.24 RMB at the end of 2020[108]. - Total liabilities increased to CNY 444,012,727.61 as of June 30, 2021, from CNY 412,452,016.08 at the end of 2020, representing a growth of approximately 7.6%[110]. Research and Development - Research and development expenses increased by 61.09% to 16.46 million yuan, reflecting the company's commitment to innovation[44]. - The company holds 96 patents, including 31 invention patents and 65 utility model patents, indicating strong R&D capabilities[38]. - The company has a national postdoctoral research station and several provincial innovation platforms, showcasing its commitment to technological advancement[39]. - Research and development expenses rose to CNY 16,463,149.80 in the first half of 2021, up from CNY 10,219,848.45 in the same period of 2020, reflecting a growth of approximately 61%[115]. Market and Business Expansion - The company expanded its business scope by adding construction design services, contributing to higher profitability[22]. - The company has established a subsidiary in Hong Kong to expand its market presence and handle some overseas sales functions[29]. - The company aims to develop high-performance steel wire ropes for marine applications, driven by the "Made in China 2025" initiative[31]. - The company is expanding its maintenance market, capitalizing on the growing demand driven by the increasing number of elevators in China, which reached 7.745 million units by the end of 2020[47]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, including the establishment of a small photovoltaic power station in 2018, which contributes to energy savings and emission reductions[79]. - The company encourages low-carbon commuting for employees by providing multiple bus routes and conducting low-carbon training to enhance energy-saving awareness[79]. - The company strictly adheres to the Environmental Protection Law of the People's Republic of China and local environmental regulations, ensuring compliance with national and local environmental protection standards[76]. Corporate Governance and Compliance - The company has committed to not engaging in activities that harm the interests of the listed company and its minority shareholders[82]. - The company has established a commitment to avoid and minimize related party transactions with its controlling shareholders[82]. - The company guarantees that its assets are fully controlled and owned independently, preventing any illegal occupation of funds or assets by related parties[84]. - The company has established a clear commitment to independent business operations, ensuring it has the necessary resources and capabilities[84]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,617[97]. - The company distributed a total cash dividend of CNY 16.56 million (before tax) during the reporting period[96]. - The top shareholder, Suzhou Wuzhong Rongtai Holdings Co., Ltd., holds 82,980,738 shares, representing 28.91% of the total shares[99]. - The company reported a profit distribution of -16,560,000.00 to shareholders during the current period[129]. Risks and Challenges - The company faces industry competition risks in the metal products sector, particularly in the elevator and lifting wire rope markets, where it has strong competitive advantages[66]. - The company is exposed to raw material price fluctuation risks, which could impact its performance if prices do not align with product pricing[67]. - The company has a goodwill impairment risk associated with the acquisition of Tongren Design, which will be tested annually for impairment[70]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, indicating the company has the ability to continue operations for at least 12 months from the reporting date[139]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[141]. - The company recognizes foreign exchange differences arising from currency fluctuations as "foreign currency translation differences" in other comprehensive income when consolidating financial statements involving overseas operations[158].

投资者关系活动记录表 证券代码：603028 证券简称：赛福天 江苏赛福天钢索股份有限公司 投资者关系活动记录表 编号：2021-003 | --- | --- | --- | |---------------------|-------------------------------------------|------------------------------------------| | | ■特定对象调研 □分析师会议 | | | | □媒体采访 | □业绩说明会 | | 投资者关系 活动类别 | □新闻发布会 □路演活动 | | | | ■现场参观 | □一对一沟通 | | | □其他 | | | 接待时间 | 2021 年 5 月 18 日 | | | 接待地点 | 江苏赛福天钢索股份有限公司会议室 | | | | 董事长：沈生泉 | | | 接待人员 | 副董事长兼总经理：林柱英 董事会秘书：杨雪 | | | | | | | | 财务总监：王勇军 | | | | 斐君资产：卢珊 | | | | 万霁资产：姜允雷、靳学侠 | | | 接待对象 | 中泰证券：邓天 | | | | 小郁资产：左 ...

投资者关系活动记录表 编号：2021-002 证券代码：603028 证券简称：赛福天 江苏赛福天钢索股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------|-----------------------------------------|----------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | | □媒体采访 | ■业绩说明会 | | 投资者关系 活动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | □一对一沟通 | | | □其他 | | | 接待时间 | 2021 年 5 月 13 日 | | | 接待地点 | 江苏赛福天钢索股份有限公司会议室 | | | 接待人员 | 董事长：沈生泉 副董事长兼总经理：林柱英 | | | | 财务总监：王勇军 董事会秘书：杨雪 | | | 接待对象 | 通过同花顺路演平台参与" | 2020 年年度网上业绩说明会"的投资者 | | | | 本次业绩说明会在同花顺 ...

投资者关系活动记录表 编号：2021-001 证券代码：603028 证券简称：赛福天 江苏赛福天钢索股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-------------------------------------------|--------------------------------------------------------------| | | ■特定对象调研 □分析师会议 | | | | □媒体采访 | □业绩说明会 | | 投资者关系 活动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | □一对一沟通 | | | □其他 | | | 接待时间 | 2021 年 5 月 10 日 | | | 接待地点 | 江苏赛福天钢索股份有限公司会议室 | | | 接待人员 | 副董事长兼总经理：林柱英 | | | | 董事会秘书：杨雪 | | | | 国泰君安：周成杰 | | | 接待对象 | 中泰证券：邓天 小郁资产：左剑明、卞震华 | | | | 一、副董事长兼总经理林柱英致欢迎辞； ...

Financial Performance - Operating revenue for the period was ¥175,559,350.26, representing a significant increase of 57.24% year-on-year[5]. - Net profit attributable to shareholders was ¥7,961,875.95, a remarkable increase of 178.09% compared to the same period last year[5]. - Basic earnings per share increased to ¥0.04, reflecting a 300% rise from ¥0.01 in the same period last year[5]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥7,132,061.64, up 344.10% year-on-year[5]. - The company's operating revenue for Q1 2021 was CNY 175,559,350, representing a 57.24% increase compared to CNY 111,647,889 in the previous period[12]. - The net profit attributable to shareholders increased by 178.09% to CNY 7,961,875.95, driven by higher sales orders for steel wire products and the profitability of new architectural design services[12]. - The total profit for Q1 2021 was CNY 6,726,219.41, compared to CNY 2,414,027.93 in Q1 2020, marking an increase of 178.5%[24]. - The company's operating profit for Q1 2021 was CNY 6,810,846.38, up from CNY 2,405,525.07 in Q1 2020, indicating a growth of 183.5%[24]. Cash Flow - The net cash flow from operating activities improved to -¥18,346,358.93, a 61.16% reduction in losses compared to the previous year[5]. - Cash inflow from operating activities was CNY 224,251,780.03 in Q1 2021, compared to CNY 129,319,625.29 in Q1 2020, an increase of 73.5%[26]. - The net cash flow from operating activities for Q1 2021 was -11,341,654.36 RMB, an improvement from -65,944,620.65 RMB in Q1 2020, indicating a significant reduction in losses[29]. - Total cash inflow from operating activities reached 178,454,644.67 RMB, compared to 100,587,015.89 RMB in the same period last year, reflecting a year-over-year increase of approximately 77.3%[29]. - The net cash flow from investing activities was -8,482,064.08 RMB, worsening from -946,329.60 RMB in Q1 2020, indicating increased investment expenditures[29]. - The net cash flow from financing activities was 13,317,555.99 RMB, compared to 14,476,325.01 RMB in the previous year, showing a decrease of approximately 8.0%[29]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,186,211,073.45, an increase of 1.39% compared to the end of the previous year[5]. - Total assets as of March 31, 2021, amounted to CNY 1,030,301,637.63, compared to CNY 1,004,834,683.04 at the end of 2020, indicating a growth of 2.5%[20]. - Total liabilities as of March 31, 2021, were CNY 373,384,045.62, an increase from CNY 353,641,122.36 at the end of 2020, reflecting a growth of 5.4%[19]. - Current liabilities totaled CNY 300,090,148.12 in Q1 2021, compared to CNY 279,327,224.86 in Q1 2020, marking an increase of 7.4%[19]. - The company's total equity increased to CNY 656,917,592.01 in Q1 2021 from CNY 651,193,560.68 in Q1 2020, showing a growth of 0.4%[20]. - Total liabilities reached CNY 412,452,016.08, with current liabilities at CNY 333,458,449.44[33]. Investments and Expenses - The company is expanding its capacity with ongoing investments in equipment, reflected in the increase of construction in progress to ¥2,098,161.53[11]. - Research and development expenses surged by 110.36% to CNY 7,176,674.45, reflecting the company's efforts to enhance brand competitiveness and invest in new projects[12]. - Research and development expenses increased to CNY 7,176,674.45 in Q1 2021, compared to CNY 3,411,624.78 in Q1 2020, representing a rise of 110.5%[21]. - The company reported a decrease in other income by 31.85% to CNY 1,006,208.33, attributed to a reduction in government subsidies received[12]. Shareholder Information - The number of shareholders at the end of the reporting period was 13,741[9]. - The company received government subsidies amounting to ¥1,011,208.33, which are closely related to its normal business operations[6].

Financial Performance - The net profit attributable to shareholders for 2020 was RMB 53,771,703.59, with the parent company achieving a net profit of RMB 36,556,876.09[5] - The proposed cash dividend is RMB 0.75 per 10 shares, totaling RMB 16,560,000.00, which represents 30.80% of the net profit attributable to shareholders[5] - The company's operating revenue for 2020 was approximately CNY 750.50 million, an increase of 18.78% compared to CNY 631.85 million in 2019[23] - Net profit attributable to shareholders increased by 274.32% to CNY 53.77 million from CNY 14.37 million in the previous year[24] - The basic earnings per share rose to CNY 0.24, reflecting a 242.86% increase from CNY 0.07 in 2019[24] - The net profit after deducting non-recurring gains was CNY 47.54 million, up 356.33% from CNY 10.42 million in 2019[23] - The company achieved total operating revenue of ¥750,499,585.72 in 2020, an increase of 18.78% compared to the previous year[65] - Operating costs amounted to ¥690,089,944.86, reflecting an increase of 11.72% year-on-year[65] - The company’s R&D expenses rose by 22.17% to ¥26,337,566.74, indicating a commitment to innovation[65] Capital and Investments - The company plans to increase its share capital by 66,240,000 shares through capital reserve conversion, raising the total share capital from 220,800,000 to 287,040,000 shares[6] - The company has invested CNY 24 million to establish a joint venture, Suzhou Wuzhong Construction Engineering Quality Testing Center, holding an 80% stake[90] - A wholly-owned subsidiary, Jiangsu Saifutian New Materials Technology Co., Ltd., was established with an investment of CNY 20 million to expand business scope[91] - The company acquired 100% equity of Tongren Architectural Design (Suzhou) Co., Ltd. for CNY 255 million, enhancing its business capabilities in architectural design[93] Market and Business Development - The company expanded its business scope by adding a construction design segment, which contributed positively to profitability[24] - The company plans to continue focusing on product promotion and market development to sustain growth in the upcoming periods[24] - The elevator wire rope market in China grew from 3.655 million units in 2014 to 7.745 million units in 2020, indicating a strong demand for elevator wire ropes[36] - The company has a significant market share in the elevator wire rope sector, benefiting from high brand recognition and stringent supplier evaluations by manufacturers[36] - The company aims to enhance its market presence in the crane industry, which is currently experiencing high demand, by focusing on product development and marketing strategies[107] Risk Management - The report includes a detailed description of potential risks faced by the company, which investors should review[10] - Risks include industry competition, raw material price fluctuations, and potential goodwill impairment from acquisitions, which could impact future profitability[113][115][118] - The company has experienced significant fluctuations in raw material prices, which could lead to performance volatility if product prices do not align with raw material costs[115] Corporate Governance - The board of directors guarantees the authenticity, accuracy, and completeness of the annual report, with no significant omissions or misleading statements[8] - The company has established a governance structure that allows for independent decision-making by its board of directors and management[124] - The company has pledged to avoid and minimize related party transactions, adhering to fair and open market principles[123] - The company has established a compensation and assessment committee to evaluate senior management based on company performance and industry salary levels[181] Employee and Social Responsibility - The total number of employees in the parent company is 515, while the total number of employees in major subsidiaries is 296, resulting in a combined total of 811 employees[167] - The company has established a comprehensive training system aimed at enhancing employee skills and management capabilities, focusing on production management, safety, and professional development[169] - The company has actively engaged in social responsibility initiatives, particularly in poverty alleviation, and plans to increase support for these efforts in 2021[138] Future Outlook - The company plans to achieve an operating revenue of 900 million to 1 billion RMB in 2021[106] - The company is exploring market expansion opportunities, particularly in the Asia-Pacific region, to increase its user base and revenue streams[158] - The company aims to achieve its strategic goal of becoming a "global small giant" through capital market operations and sustainable development initiatives[112]

Financial Performance - Net profit attributable to shareholders increased by 251.17% to CNY 26,680,954.27 for the first nine months of the year[6] - Operating revenue for the first nine months rose by 7.15% to CNY 519,302,436.40 compared to the same period last year[6] - Basic earnings per share increased by 300.00% to CNY 0.12[6] - Net profit attributable to shareholders increased by 251.06% to ¥26,672,639.21 from ¥7,597,681.68, reflecting strong operational performance[12] - The company experienced a net profit of ¥26.67 million for the first three quarters of 2020, compared to ¥7.60 million in the same period of 2019, indicating a growth of 251.0%[24] - The total profit for Q3 2020 was CNY 21,944,494.81, compared to CNY 3,424,845.98 in Q3 2019, reflecting an increase of approximately 540%[26] Assets and Liabilities - Total assets increased by 28.61% to CNY 1,129,569,421.61 compared to the end of the previous year[6] - Total liabilities reached CNY 398,089,567.45, significantly higher than CNY 168,988,537.76, reflecting an increase of around 135.5%[17] - Non-current assets totaled CNY 653,686,894.42, compared to CNY 429,743,774.49 in the previous year, marking a rise of about 52.2%[16] - Current liabilities rose to CNY 298,461,379.43 from CNY 159,067,731.54, an increase of approximately 87.8%[16] - The total assets amounted to 878,319,669.96 RMB, slightly down from 878,476,578.74 RMB, reflecting a decrease of about 0.02%[34] - The total liabilities stood at 168,988,537.76 RMB, unchanged from the previous year, indicating stability in the company's debt levels[35] Cash Flow - Net cash flow from operating activities decreased by 110.67% to -CNY 8,007,137.49 for the first nine months[6] - The company reported a net cash outflow from investment activities of -¥158,250,376.15, a significant increase from -¥12,902,361.03 in the previous period due to equity acquisitions[12] - The company experienced a net cash outflow from operating activities of CNY -8,007,137.49 in the first nine months of 2020, a decline from a net inflow of CNY 75,064,944.31 in the same period of 2019[27] - The net cash flow from operating activities was -14,858,670.41 RMB, a significant decrease compared to 84,015,260.69 RMB in the previous year, indicating a decline of approximately 117.7%[31] - The total cash outflow from investing activities was 164,171,326.49 RMB, up from 39,669,633.41 RMB, representing an increase of about 314.5%[31] Shareholder Information - The total number of shareholders reached 16,772 by the end of the reporting period[8] - The largest shareholder, Suzhou Wuzhong Rongtai Holdings Co., Ltd., holds 28.91% of the shares[8] Research and Development - Research and development expenses increased to ¥9.55 million in Q3 2020, a 69.5% rise from ¥5.64 million in Q3 2019[23] - Research and development expenses for Q3 2020 were CNY 7,919,086.37, compared to CNY 4,513,916.47 in Q3 2019, reflecting a 75% increase, highlighting the company's commitment to innovation[26] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company expects significant changes in cumulative net profit compared to the previous year due to increased sales orders and the recent acquisition[12] Financial Ratios - The weighted average return on equity increased by 2.62 percentage points to 3.71%[6] - Financial expenses decreased by 72.99% to ¥1,472,309.64, attributed to reduced financing activities[12]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 299,967,753.20, an increase of 4.48% compared to CNY 287,103,727.83 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was CNY 12,553,374.66, representing a significant increase of 199.55% from CNY 4,190,781.64 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 9,643,663.39, up 759.41% from CNY 1,122,132.04 in the same period last year[19]. - Basic earnings per share for the first half of 2020 were CNY 0.06, a 200.00% increase compared to CNY 0.02 in the same period last year[21]. - The company achieved total operating revenue of CNY 299.97 million in the first half of 2020, an increase of 4.48% compared to the same period last year[42]. - The net profit for the first half of 2020 reached CNY 10,981,632.25, compared to CNY 3,443,013.70 in the first half of 2019, indicating a significant increase of about 219%[121]. - The operating profit for the first half of 2020 was CNY 12,977,737.33, up from CNY 2,391,434.58 in the same period last year, reflecting a growth of approximately 442%[120]. - The company reported a total profit of CNY 13,059,067.57 for the first half of 2020, compared to CNY 5,479,000.48 in the previous year, marking an increase of around 138%[120]. Cash Flow and Financial Position - The net cash flow from operating activities decreased by 161.19%, amounting to -CNY 23,986,352.97, primarily due to increased production investments and material procurement[22]. - Cash and cash equivalents were reported at RMB 133,049,770.66, down from RMB 157,305,389.46, indicating a decrease of about 15.4%[108]. - The cash flow from operating activities netted a loss of -44,616,882.51 RMB in the first half of 2020, compared to a gain of 40,349,329.67 RMB in the same period of 2019, indicating a substantial downturn[125]. - The total assets at the end of the reporting period were CNY 882,301,247.71, a slight increase of 0.45% from CNY 878,319,669.96 at the end of the previous year[20]. - The total current assets reached RMB 463,399,961.18, compared to RMB 448,575,895.47 at the end of 2019, reflecting a growth of approximately 3.7%[108]. - The total liabilities decreased to CNY 163,790,410.74 from CNY 168,988,537.76, a reduction of about 3.0%[110]. Research and Development - Research and development expenses increased by 5.66% to CNY 10.22 million, indicating a commitment to innovation[51]. - The company holds a total of 115 patents, including 31 invention patents, showcasing its strong focus on R&D capabilities[35]. - Research and development expenses for the first half of 2020 were CNY 10,219,848.45, compared to CNY 9,672,382.05 in the same period of 2019, indicating an increase of about 5.7%[117]. - The company emphasizes the importance of technological innovation and R&D to maintain its competitive edge in the special wire rope and rigging industry[71]. Market Position and Strategy - The main business focus is on the research, production, and sales of special steel wire ropes and slings, with applications in elevators, engineering machinery, and marine engineering[26]. - The company holds a significant market share in the elevator wire rope sector, which has a high industry concentration due to stringent quality requirements[30]. - The market for synthetic fiber slings is expected to grow significantly due to increasing recognition of their load-bearing capacity and safety performance in various industries[29]. - The company has established long-term strategic partnerships with major clients, ensuring stable demand for its products[39]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2024[80]. Risks and Challenges - The company has described potential risks in detail in the report, urging investors to pay attention to investment risks[6]. - The company faces risks from intense competition in the metal products industry, particularly in the elevator and lifting wire rope segments[68]. - Fluctuations in raw material prices, such as wire and synthetic fibers, may impact the company's performance if prices do not align with product pricing[70]. - Integration risks may arise from the acquisition of Tongren Design and the establishment of Wuzhong Testing, affecting future profitability and operational management[72]. Corporate Governance and Compliance - The company guarantees not to engage in activities that harm the interests of the listed company and its minority shareholders[77]. - The company has not directly or indirectly engaged in similar business activities as the listed company[77]. - The company will not engage in activities that may constitute competition with the listed company[77]. - The company committed to ensuring no related party transactions with controlled entities, aiming to minimize such transactions as per legal requirements[79]. - The company ensures that its financial personnel are independent and will not hold concurrent positions in controlled entities, maintaining a separate financial management system[79]. Accounting Policies and Changes - The company implemented a new revenue recognition standard effective January 1, 2020, impacting the accounting treatment of contracts[88]. - The company's retained earnings adjusted from ¥272,939,315.31 to ¥273,096,224.09 as a result of the cumulative impact of the new revenue standard[88]. - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately[143]. - The company recognizes impairment losses for financial assets measured at amortized cost and debt instruments measured at fair value with changes recognized in other comprehensive income, including receivables[169]. Shareholder Information - The total number of common shareholders as of the end of the reporting period was 15,155[95]. - The largest shareholder, Suzhou Wuzhong Rongtai Holding Co., Ltd., held 63,831,337 shares, representing 28.91% of total shares[97]. - Shareholders are restricted from selling more than 20% of their shares within the first two years post-IPO, ensuring stability in stock performance[80].