证券代码：603088 证券简称：宁波精达 公告编号：2023-027 宁波精达成形装备股份有限公司 关于召开 2022 年年度业绩说明会的公告 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。 重要内容提示: 投资者可于 2023 年 5 月 7 日下午 16:00 前将相关问题通过电子邮件的形 式发送至本公司投资者关系邮箱 dm@nbjingda.com 或扫描下方二维码提交。公司 将在说明会上就投资者普遍关注的问题进行回答。 一、说明会类型 宁波精达成形装备股份有限公司（以下简称"公司"）已于 2023 年 4 月 26 日披露了公司 2022 年年度报告及 2022 年度利润分配预案，具体内容详见《上海 证券报》及上海证券交易所网站（www.sse.com.cn）。为便于广达投资者更加深 入了解公司情况及 2022 年度利润分配方案，公司决定通过网络在线互动方式召 开 2022 年度业绩说明会。 二、说明会召开的时间、地点 本次 2022 年度业绩说明会将于 2023 年 5 月 8 日（周一）上午 10:00-1 ...

证券代码：603088 证券简称：宁波精达 宁波精达成形装备股份有限公司 投资者关系活动记录表 编号：20220509 | --- | --- | |-----------------------------|---------------------------------------------------------------------------------------------| | | | | | □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 | | | 现场参观及视频直播 | | | □其他 | | 参与单位名称及 人员姓名 | 杭州清哲投资、中财招商投资、浙江俊皓、中信证券、东玛私 募基金、浙江万里学院、杭州钧亿私募等 | | 时间 | 2022-5-9 | | | 地点 公司会议室 | | 上市公司接待人 员姓名 | 财务总监兼董事会秘书刘明君、副总经理郑功 | | 投资者关系活动 主要内容介绍 | 现场参观 | | 附件清单（如有） | 宁波精达机构调研纪要（ 2022 年 5 月 9 日） | | 日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 308,368,979.38, representing a 28.35% increase compared to CNY 240,260,580.22 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was CNY 65,760,936.16, a significant increase of 90.31% from CNY 34,554,984.37 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 52,743,631.38, up 87.08% from CNY 28,192,985.29 year-on-year[20]. - The basic earnings per share for the first half of 2022 was CNY 0.15, an increase of 87.50% compared to CNY 0.08 in the same period last year[21]. - The weighted average return on net assets increased to 11.58%, up 5.39 percentage points from 6.19% in the previous year[21]. - The gross profit margin for the company's main business was 38.22%, with the heat exchanger automation equipment series achieving a gross margin of 40.56%[39]. - The company reported a significant increase in sales expenses, which rose by 48.10% to ¥23.86 million, primarily due to increased revenue[37]. - The company reported a significant increase in investment income to ¥2,431,203.88 from ¥1,469,515.45 year-over-year[109]. - The total profit for the first half of 2022 was ¥76,616,266.54, an increase of 83.5% from ¥41,744,942.79 in the first half of 2021[109]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,157,842,978.06, a slight increase of 0.23% from CNY 1,155,173,272.48 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were CNY 584,994,255.07, reflecting a 7.53% increase from CNY 544,027,305.66 at the end of the previous year[20]. - The company's cash and cash equivalents increased by 113.41% to ¥186,811,454.72, representing 16.13% of total assets, compared to 7.58% in the previous year[40]. - Trade financial assets decreased by 55.97% to ¥97,003,759.89, accounting for 8.38% of total assets, down from 19.07%[40]. - Accounts receivable decreased by 68.99% to ¥23,318,276.42, which is 2.01% of total assets, compared to 6.51% previously[40]. - The company's short-term borrowings decreased by 71.31% to ¥13,442,811.98, representing 1.16% of total liabilities, down from 4.06%[40]. - Total liabilities decreased to ¥564,771,964.17 from ¥603,206,962.55, a reduction of about 6.4%[98]. - The total assets at the end of the reporting period were approximately 500,852,801, indicating a stable asset base despite the losses[133]. Research and Development - The company has developed 118 patents, including 23 invention patents, enhancing its technological capabilities and product offerings[28]. - The company has invested in over 200 advanced CNC processing machines and added more than 20 new devices in the first half of the year to improve production efficiency[28]. - Research and development expenses for the first half of 2022 were ¥12,059,522.29, slightly up from ¥11,609,724.53, indicating continued investment in innovation[105]. - The company plans to focus on technological advancements and new product launches in the upcoming quarters[126]. Market and Business Strategy - The main business includes heat exchanger equipment and precision presses, with significant growth expected in the heat exchanger market due to rising demand in the air conditioning and cold chain industries[25]. - The precision press market is experiencing rapid growth driven by the increasing demand for electric vehicles, with a notable rise in the need for battery shell production equipment[26]. - The company anticipates continued growth in the heat exchanger export market as global manufacturing policies encourage a return to domestic production[25]. - The company is expanding into new markets, including the cold chain and new energy vehicle sectors, to seek new growth points[49]. - The company plans to enhance production capacity by investing in advanced production equipment, with a new precision machining workshop expected to be operational in the second half of 2022[34]. Shareholder and Capital Structure - The total share capital increased from 307,328,000 shares to 438,025,420 shares due to capital reserve conversion and bonus shares distribution[84]. - The cash dividend distributed was 0.18 RMB per share, totaling 55,319,040 RMB, along with 61,465,600 bonus shares issued[84]. - The basic earnings per share decreased from 0.21 RMB to 0.15 RMB after the share capital increase[85]. - The net asset value per share decreased from 1.90 RMB to 1.34 RMB following the capital changes[85]. - The largest shareholder, Ningbo Chengxing Holdings Co., Ltd., holds 137,575,486 shares, accounting for 31.98% of total shares[88]. - The second-largest shareholder, Ningbo Guangda Investment Co., Ltd., holds 25,816,164 shares, representing 6% of total shares[88]. Risk Management - The company faces risks related to market competition, particularly in maintaining technological advancement and brand influence in the HVAC equipment sector[46]. - The company reported a risk of inventory price decline due to long production cycles, which may lead to increased inventory backlog if orders rise[55]. - The company has committed to not providing financial assistance for the acquisition of restricted stock by incentive plan participants[76]. Compliance and Governance - The company has not received any penalties or corrective actions related to legal violations during the reporting period[78]. - There are no significant related party transactions that have not been disclosed in temporary announcements[78]. - The company has implemented measures to stabilize its stock price, including share buybacks and potential increases in shareholding by major shareholders and executives[71]. Financial Reporting and Accounting Policies - The company applies a unified accounting policy for the preparation of consolidated financial statements, reflecting the overall financial position, operating results, and cash flows of the group[151]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[149]. - The company measures identifiable assets, liabilities, and contingent liabilities at fair value on the acquisition date in a business combination[152]. - The company assesses expected credit losses for financial assets measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income[169].

Financial Performance - The company's operating revenue for Q1 2022 was ¥150,191,527.75, representing a year-on-year increase of 26.08%[5] - The net profit attributable to shareholders for Q1 2022 was ¥28,536,415.79, an increase of 47.87% compared to the same period last year[5] - The basic earnings per share for Q1 2022 was ¥0.09, reflecting a 50.00% increase year-on-year[6] - Total operating revenue for Q1 2022 reached ¥150,191,527.75, a 26.1% increase from ¥119,120,131.60 in Q1 2021[22] - Net profit for Q1 2022 was ¥28,518,811.59, representing a 50.4% increase compared to ¥18,988,562.56 in Q1 2021[23] Cash Flow - The net cash flow from operating activities was negative at -¥5,682,036.55, a significant decline of 586.08% compared to the previous year[12] - Cash flow from operating activities showed a net outflow of ¥5,682,036.55, compared to a net outflow of ¥828,184.27 in Q1 2021[25] - Cash flow from investing activities resulted in a net outflow of ¥13,019,341.39, an improvement from a net outflow of ¥34,679,851.07 in the previous year[26] - The company experienced a 62.46% improvement in net cash flow from investing activities, totaling -¥13,019,341.39, due to increased redemption of financial products[12] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥1,133,678,726.81, a decrease of 1.86% from the end of the previous year[6] - As of March 31, 2022, the total current assets amounted to RMB 879,236,620.82, a decrease from RMB 902,677,349.65 at the end of 2021, reflecting a decline of approximately 2.5%[18] - The company's total assets as of March 31, 2022, were RMB 1,133,678,726.81, down from RMB 1,155,173,272.48 at the end of 2021, reflecting a decrease of about 1.9%[19] - Total liabilities decreased to RMB 553,196,312.38 from RMB 603,206,962.55, a reduction of approximately 8.3%[19] Expenses - Total operating costs increased to ¥122,683,341.90, up 28.0% from ¥95,905,538.13 in the same period last year[22] - Sales expenses increased by 50.20% to ¥12,938,131.12, driven by higher salaries and exhibition costs[11] - The company experienced a significant increase in tax expenses, which rose to ¥4,893,169.38 from ¥3,383,642.77 in the same quarter last year[23] - Research and development expenses remained stable at approximately ¥7.25 million, slightly down from ¥7.25 million in Q1 2021[22] Other Financial Metrics - The weighted average return on equity increased by 1.70 percentage points to 5.11%[6] - The company reported a 315.50% increase in receivables financing, rising to ¥49,362,130.77 due to reclassification of notes receivable[11] - Investment income rose by 131.26% to ¥1,591,801.24, attributed to increased financial management income[11] - The company's cash and cash equivalents decreased to RMB 68,320,256.89 from RMB 87,537,080.79, representing a decline of about 22%[17] - Accounts receivable increased slightly to RMB 90,711,825.81 from RMB 89,018,654.18, indicating a growth of approximately 1.9%[17] - Inventory rose to RMB 362,948,868.72 from RMB 344,823,295.16, marking an increase of about 5.2%[17] - The equity attributable to shareholders increased to RMB 572,561,014.38 from RMB 544,027,305.66, an increase of approximately 5.3%[19] Strategic Developments - The company has not engaged in any financing or margin trading activities during the reporting period[18] - There are no significant new product developments or market expansion strategies mentioned in the report[16]

Financial Performance - The company's operating revenue for 2021 was RMB 533,822,892.30, representing a year-on-year increase of 25.53% compared to RMB 425,250,565.15 in 2020[22]. - The net profit attributable to shareholders of the listed company was RMB 85,791,493.61, up 27.38% from RMB 67,352,842.33 in the previous year[22]. - The net cash flow from operating activities reached RMB 166,273,312.27, an increase of 42.67% compared to RMB 116,546,172.60 in 2020[22]. - The total assets of the company at the end of 2021 were RMB 1,155,173,272.48, reflecting a 24.79% increase from RMB 925,689,339.90 at the end of 2020[22]. - The basic earnings per share for 2021 were RMB 0.28, a 27.27% increase from RMB 0.22 in 2020[23]. - The weighted average return on equity was 15.82%, up from 12.18% in the previous year, indicating improved profitability[23]. - Operating profit reached CNY 95.60 million, up 15.34% compared to the previous year[43]. - Net profit amounted to CNY 85.51 million, reflecting a growth of 25.24% year-on-year[43]. - The precision press machine segment saw a significant revenue increase of 88.35%, totaling CNY 202.54 million[43]. - The gross profit margin for the main business was 37.10%, a decrease of 1.85% year-on-year[46]. Cash Flow and Investments - The net cash flow from operating activities increased by 42.67% to ¥166,273,312.27 compared to the same period last year[59]. - The net cash flow from investing activities decreased by 355.22% to -¥206,767,422.85, attributed to increased bank wealth management purchases and capital expenditures[59]. - The company's cash and cash equivalents decreased by 52.63% to ¥87,537,080.79, primarily due to bank wealth management purchases and increased dividends[60]. - The total cash outflow from investment activities increased significantly to CNY 395,388,231.40 in 2021 from CNY 262,912,882.33 in 2020, marking a rise of 50.3%[196]. - Cash inflow from financing activities totaled CNY 69,535,343.18 in 2021, with no inflow recorded in 2020[197]. Research and Development - The company holds 116 patents, including 23 invention patents, enhancing its technological capabilities[36]. - The company’s R&D expenses were 19,783,979.08, showing a decrease of 4.86% compared to the previous year[55]. - The number of R&D personnel is 80, representing 11.64% of the total workforce[58]. - The company’s R&D efforts led to the successful completion of a key piece of equipment for the production of electric vehicle motor cores, further solidifying its market position[31]. - The company plans to focus on R&D for new products such as cam machines and spinning machines, aiming to create new growth points in 2022[74]. Market and Sales Performance - The company achieved a significant increase in sales of pressure machines for new energy vehicles, with sales up 260% compared to 2020[31]. - The company reported a significant increase in domestic sales orders for new energy vehicle components, driven by timely product launches and effective pandemic response measures[29]. - Revenue from the domestic market reached 37,316.52 million, reflecting a 46.30% increase year-on-year[49]. - Revenue from the foreign market was 14,287.75 million, showing a decline of 8.12% year-on-year[49]. - The smart home segment generated 28,934.62 million in revenue, with a gross profit margin of 34.24%, down by 8.72 percentage points[48]. Risks and Challenges - The company has outlined various risks it may face in the management discussion and analysis section of the report[9]. - The company is facing risks related to the long-term impact of the COVID-19 pandemic on macroeconomic development, necessitating strict pandemic prevention measures[76]. - There is a risk of declining gross margins due to rising raw material prices, increasing labor costs, and depreciation from new fixed assets, with lower-margin products gaining a higher sales revenue share[77]. - The shortage of skilled technical workers poses a risk, as the company must offer competitive compensation to retain talent in a high-demand market[79]. - The company faces contract performance risks due to increasing customer demands for customization and shorter delivery times, which may lead to challenges in meeting client expectations[81]. Corporate Governance and Management - The total shares held by directors, supervisors, and senior management increased from 21,268,744 at the beginning of the year to 26,764,438 at the end of the year, representing an increase of 25.8%[93]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 621.18 million yuan[93]. - The company has established a three-dimensional salary distribution system linking employee compensation to company performance, with management salaries based on performance assessments[112]. - The management team has a diverse background with extensive experience in various industries, enhancing the company's strategic capabilities[95]. - The company received public reprimands from the Shanghai Stock Exchange and the China Securities Regulatory Commission, resulting in fines totaling 600,000 yuan for its actual controllers[100]. Financial Position and Assets - The total assets include ¥783,120.86 in overseas assets, which accounts for 0.07% of total assets[63]. - The company’s accounts receivable increased from CNY 38.0471 million in 2020 to CNY 89.0187 million in 2021, indicating a significant rise in credit sales[180]. - The company’s inventory at the end of 2021 was significantly higher than the previous year, indicating potential growth in production or sales[174]. - Total liabilities rose to ¥603,206,962.55 in 2021, up from ¥360,426,087.11 in 2020, indicating a growth of approximately 67.5%[182]. - Owner's equity decreased to ¥551,966,309.93 in 2021 from ¥565,263,252.79 in 2020, a decline of about 2.3%[182].

证券代码：603088 证券简称：宁波精达 宁波精达成形装备股份有限公司 投资者关系活动记录表 编号：20211118-2 | --- | --- | |-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动 类别 | □特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 | | 参与单位名称及 人员姓名 | 其他 （投资者网上集体接待日） 参与宁波辖区上市公司 2021 年度投资者网上 集体接待日活动的投资者 | | 时间 | ...

2021 年第三季度报告 证券代码：603088 证券简称：宁波精达 宁波精达成形装备股份有限公司 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。 1 / 14 2021 年第三季度报告 | 经营活动产生的现金流 | 不适用 | 不适用 | 73,866,065.92 | | 77.98 | | --- | --- | --- | --- | --- | --- | | 量净额 | | | | | | | 基本每股收益（元/股） | 0.09 | 125.00 | 0.20 | | 42.86 | | 稀释每股收益（元/股） | 0.09 | 125.00 | 0.20 | | 42.86 | | 加权平均净资产收益率 | 5.08 | 增加 2.57 | 11.27 | 增加 3.42 | 个百 | | （%） | | 个百分点 | | 本报告期末比 | 分点 | | | 本报告期末 | | 上年度末 | 上年度末增减 | | | | | | | 变动幅度(%) | | | 总资产 | 1,0 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥240,260,580.22, representing a 38.48% increase compared to ¥173,492,658.98 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was ¥34,554,984.37, up 17.12% from ¥29,504,232.85 in the previous year[18]. - The net cash flow from operating activities increased by 25.74% to ¥35,578,981.43, compared to ¥28,294,561.15 in the same period last year[18]. - The basic earnings per share for the first half of 2021 was ¥0.11, a 10.00% increase from ¥0.10 in the same period last year[19]. - The weighted average return on equity rose to 6.19%, an increase of 0.85 percentage points from 5.34% in the previous year[19]. - The total assets at the end of the reporting period were ¥932,230,990.42, a slight increase of 0.71% from ¥925,689,339.90 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 11.53% to ¥492,813,081.20 from ¥557,036,800.98 at the end of the previous year[18]. - The company achieved a total profit of 6,361,999.08, with a significant impact from minority shareholders' equity amounting to 219,480.47 and income tax effects of -1,109,668.87[22]. - The total operating revenue for the first half of 2021 reached ¥240,260,580.22, a 38.5% increase compared to ¥173,492,658.98 in the same period of 2020[102]. - The company reported a total comprehensive income of CNY 35,173,788.20 for the first half of 2021, compared to CNY 29,524,670.49 in the same period of 2020[108]. Operational Efficiency - The company has implemented lean production and self-operating mechanisms to improve operational efficiency and resource organization[29]. - The company has focused on enhancing quality management policies, ensuring strict control over delivery quality and process management[34]. - The gross profit margin for the main business was 36.58%, with the heat exchanger automation equipment series achieving a margin of 36.97%[38]. - Operating costs increased to ¥150,657,692.57, reflecting a 50.72% rise from ¥99,957,174.75 in the previous year[38]. - Research and development expenses slightly decreased by 6.52% to ¥11,609,724.53 from ¥12,419,174.23 year-on-year[38]. Technological Advancements - The company has developed over 112 patents, including 23 invention patents, enhancing its technological capabilities in high-value product development[26]. - The company has introduced multiple series of servo pressure machines, which are widely applicable in the automotive and home appliance industries, contributing to the precision stamping process[25]. - The company has successfully launched new production equipment for electric vehicle battery casings, achieving a production efficiency of 1,000 units per minute for the new generation round shell stretching equipment[30]. - The company has made advancements in key technologies, including the development of a multi-power input planetary gearbox, significantly reducing costs for servo pressure machines[32]. - The company has applied for 15 software copyrights, with all equipment software developed in-house, enhancing control and reducing risks associated with external systems[33]. Market Expansion and Customer Base - The company has expanded its customer base to include high-quality clients in the automotive new energy battery and electronic communication sectors, exporting products to over 70 countries[26]. - The company has made progress in expanding into automotive, electric motor, and electronic information markets, but significant investment is still needed for overseas market development and new product launches[50]. Financial Risks and Challenges - The company faces market competition risks, particularly in maintaining technological advancement and innovation in the heat exchanger equipment sector[47]. - The company faces a risk of declining gross margins due to rising raw material prices, increased labor costs, and higher depreciation from new fixed assets[49]. - The shortage of skilled technical workers poses a risk, as the company must offer competitive salaries to retain talent in a high-demand industry[51]. - There is a risk related to contract fulfillment, as increasing competition leads to higher customization demands and tighter delivery schedules for the company's customized products[52]. - The company may experience accounts receivable risks due to delayed payment cycles associated with custom product acceptance and delivery timelines[53]. - Exchange rate fluctuations could impact the company's operating performance as overseas sales grow rapidly[54]. - Inventory risks may arise from price declines in raw materials and finished goods, as well as potential inventory buildup from increased orders[55]. Shareholder and Capital Management - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[59]. - The company plans to distribute a cash dividend of RMB 4.50 per 10 shares, totaling RMB 98,784,000 (including tax) to all shareholders[84]. - A capital reserve conversion will result in an increase of 1.5 shares for every 10 shares held, totaling 87,808,000 shares to be distributed[84]. - The total number of shares after the capital increase and stock distribution will be 307,328,000 shares[84]. - The largest shareholder, Ningbo Chengxing Holdings Co., Ltd., holds 98,579,732 shares, representing 32.08% of total shares[87]. - The company has no strategic investors or general corporations that became top ten shareholders due to new share placements[89]. - The company did not grant any stock incentives to directors, supervisors, or senior management during the reporting period[90]. Accounting Policies and Financial Reporting - The company's accounting period runs from January 1 to December 31 each year[139]. - The accounting treatment for business combinations under common control is based on the carrying amount of the acquired assets and liabilities at the date of combination[143]. - The consolidated financial statements include all subsidiaries under the control of the company, reflecting the overall financial position and performance of the group[144]. - The company recognizes revenue when control of goods or services is transferred to the customer, with the transaction price allocated based on the relative standalone selling prices of the performance obligations[194]. - The company measures the net liability or net asset of the defined benefit plan based on the present value of obligations minus the fair value of plan assets, recognizing any deficit or surplus accordingly[191]. Employee Benefits and Liabilities - The company participates in a government-approved enterprise annuity plan, contributing a certain percentage of total employee wages to the plan, which is recognized as an expense in the current period[190]. - The company recognizes service costs and interest on net liabilities or net assets of the defined benefit plan in the current period's profit or loss[191]. - The company assesses the carrying amount of expected liabilities at the balance sheet date and adjusts it based on the best estimate of current obligations[193].

2021 年第一季度报告 公司代码：603088 公司简称：宁波精达 宁波精达成形装备股份有限公司 2021 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | | | | 减(%) | | | 总资产 | 943,498,064.56 | 925,689,339.90 | | 1.92 | | 归属于上市公司 | 576,334,927.44 | 557,036,800.98 | | 3.46 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -828,184.27 | 27,661,820.54 | | -10 ...

Financial Performance - The company's operating revenue for 2020 was RMB 425,250,565.15, representing a year-on-year increase of 12.63% compared to RMB 377,574,204.10 in 2019[20] - The net profit attributable to shareholders of the listed company was RMB 67,352,842.33, an increase of 7.34% from RMB 62,746,381.25 in the previous year[20] - The net cash flow from operating activities reached RMB 116,546,172.60, a significant increase of 171.46% compared to RMB 42,932,333.47 in 2019[21] - The total assets of the company at the end of 2020 were RMB 925,689,339.90, reflecting a growth of 12.01% from RMB 826,459,347.54 in 2019[21] - The company's net assets attributable to shareholders increased to RMB 557,036,800.98, up by 1.75% from RMB 547,454,328.65 in the previous year[21] - Basic earnings per share for 2020 were RMB 0.31, a 6.9% increase from RMB 0.29 in 2019[22] - The weighted average return on equity was 12.18%, an increase of 0.36 percentage points compared to 11.82% in 2019[22] - The company reported a net profit attributable to shareholders in Q4 2020 was RMB 24,785,398.80, up from RMB 17,902,297.09 in Q1 2020, indicating strong year-end performance[24] - The operating cash flow in Q4 2020 reached RMB 75,043,652.31, a substantial increase from RMB 27,661,820.54 in Q1 2020, reflecting improved cash generation capabilities[24] Business Operations - The company’s main business includes the R&D, production, and sales of heat exchanger equipment and precision presses, with a focus on the air conditioning and automotive industries[30] - The company operates on a make-to-order production model, aligning production with customer demand to optimize efficiency[31] - The company has established a direct sales model, utilizing various channels including tenders, direct customer orders, and participation in trade shows to secure contracts[33] - The company completed the development of over 30 new products in 2020, enhancing its market offerings[40] - The company has established a comprehensive after-sales service network, enhancing customer satisfaction and brand image[37] Market Trends and Demand - The air conditioning industry has shown steady growth, particularly in export markets, driven by rising disposable incomes and energy efficiency standards[33] - The demand for high-precision presses in the new energy vehicle sector is rapidly increasing, particularly for battery shell production[34] - The company anticipates continued growth in the air conditioning and automotive sectors, supported by ongoing equipment upgrades and expanding cold chain logistics demands[33] - The demand for micro-channel heat exchangers is increasing due to their efficiency and cost-effectiveness, with applications in the automotive and nuclear industries[68] - The company plans to expand its product offerings in the automotive sector, focusing on high-strength steel and aluminum forming equipment[69] Financial Management - Non-recurring gains for 2020 amounted to RMB 11,998,418.63 from government subsidies closely related to normal business operations[26] - The gross profit margin for the main business was 38.95%, a decrease of 3.96% from the previous year[45] - The total amount of accounts receivable decreased by 34.33% to 38,047,097.36 CNY, indicating a reclassification of receivables and contract assets[59] - The financial expenses increased by 233.31% to 6,020,728.09 CNY due to a decline in exchange rates leading to increased foreign exchange losses[53] - The company reported a significant increase in short-term borrowings, with a total of RMB 345,631,055.25 in current liabilities, up from RMB 256,835,371.37 in 2019, representing a rise of approximately 34.5%[175] Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 4.50 per 10 shares, totaling RMB 98,784,000, and to issue 87,808,000 bonus shares[4] - The company distributed dividends totaling CNY 59,584,000.00 in 2020, compared to CNY 35,840,000.00 in 2019, reflecting a 66.3% increase[193] - The total amount used for share buybacks must not exceed 20% of the net profit attributable to shareholders from the previous fiscal year[90] - Controlling shareholders must use at least 20% of the total cash dividends received from the company for share purchases[91] - Directors and senior management are required to use at least 30% of their total annual salary for share purchases, but not exceeding their total salary from the previous year[94] Compliance and Governance - The company has established strict pandemic prevention measures to mitigate the long-term economic impacts of COVID-19[74] - The company received a warning and a fine of RMB 400,000 from the China Securities Regulatory Commission for information disclosure violations[104] - The company has maintained independence from its controlling shareholders, ensuring no interference in decision-making or operations[151] - The independent audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[162] - The company has established internal control mechanisms, with no significant deficiencies reported during the evaluation period[159] Research and Development - Research and development expenses totaled 20,795,139.06 CNY, representing 4.89% of operating revenue, with an increase in R&D personnel to 96, accounting for 14.81% of total employees[54] - The company holds a total of 102 authorized patents, including 23 invention patents, reflecting its commitment to technological innovation[55] - The company aims to expand its product development and market promotion in the pressure machine sector of the new energy field, maintaining a leading position in battery shell stretching[71] Risks and Challenges - The company has outlined various risks it may face in its annual report, emphasizing the importance of investor awareness regarding investment risks[5] - The company anticipates risks of declining gross margins due to rising raw material prices and increased competition[75] - The company faces significant market competition risks if it cannot maintain technological advancement and continuous innovation[73] - The company is actively seeking new growth points by expanding into automotive, electrical, and electronic information sectors, but faces market expansion risks[76]