Financial Performance - The company's operating revenue for Q3 2021 was ¥138,370,560.82, representing a 55.02% increase compared to the same period last year[5]. - Net profit attributable to shareholders was ¥8,359,319.94, showing a significant increase of 100.18% year-on-year[5]. - The net profit after deducting non-recurring gains and losses reached ¥8,079,662.88, up by 138.56% compared to the previous year[5]. - The total operating revenue for the first three quarters of 2021 reached CNY 392,436,041.49, a significant increase from CNY 251,835,860.12 in the same period of 2020, representing a growth of approximately 55.8%[18]. - The total operating costs for the first three quarters of 2021 were CNY 374,207,945.71, compared to CNY 233,769,244.73 in 2020, indicating an increase of about 60.0%[19]. - The operating profit for the first three quarters of 2021 was CNY 17,489,260.59, down from CNY 20,132,574.21 in the previous year, reflecting a decrease of approximately 8.1%[19]. - The total revenue for Q3 2021 was 15,365,988.53 CNY, a decrease from 17,790,273.76 CNY in Q3 2020, representing a decline of approximately 13.6%[20]. - The net profit attributable to shareholders of the parent company was 16,095,221.90 CNY, down from 16,815,374.27 CNY in the same period last year, reflecting a decrease of about 4.3%[21]. - The total comprehensive income for Q3 2021 was 15,358,281.03 CNY, down from 17,790,273.76 CNY in Q3 2020, indicating a decrease of approximately 13.6%[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥782,126,520.80, reflecting a 12.04% increase from the end of the previous year[6]. - As of September 30, 2021, total assets amounted to CNY 782,126,520.80, an increase from CNY 698,100,946.40 at the end of 2020, showing a growth of about 12.0%[16]. - The total current assets as of September 30, 2021, were CNY 469,293,323.55, compared to CNY 377,834,006.07 at the end of 2020, representing an increase of approximately 24.2%[14]. - The total liabilities as of September 30, 2021, were CNY 254,116,295.64, compared to CNY 188,978,262.66 at the end of 2020, reflecting an increase of about 34.5%[16]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥32,605,013.77, a decrease of 207.77% compared to the previous period[6]. - Cash inflows from operating activities totaled 364,305,518.07 CNY, an increase from 298,603,951.20 CNY in the previous year, marking a growth of about 22%[22]. - The net cash flow from operating activities was -32,605,013.77 CNY, contrasting with a positive cash flow of 30,253,599.08 CNY in Q3 2020[23]. - Cash inflows from investment activities amounted to 381,354,887.39 CNY, compared to 260,368,427.14 CNY in the same period last year, representing an increase of approximately 46.4%[23]. - The net cash flow from investment activities was -20,339,653.36 CNY, down from 23,012,440.97 CNY in Q3 2020[23]. - The company raised 58,000,000.00 CNY through financing activities, an increase from 38,000,000.00 CNY in the previous year, reflecting a growth of about 52.6%[23]. - The company's cash and cash equivalents decreased to CNY 112,681,846.23 from CNY 122,487,491.86 at the end of 2020, a decline of about 8.5%[14]. - The cash and cash equivalents at the end of the period were 74,145,846.23 CNY, compared to 50,451,680.03 CNY at the end of Q3 2020, showing an increase of about 46.9%[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,222[11]. - The weighted average return on equity was 1.64%, an increase of 0.82 percentage points from the previous year[6]. - Accounts receivable increased by 29.88% due to higher sales volume[9]. - The company reported a significant increase in accounts receivable, which rose to CNY 205,941,390.87 from CNY 158,558,750.88, marking an increase of approximately 30.0%[14]. - Inventory rose by 37.40% as a result of increased orders[9]. - The inventory as of September 30, 2021, was CNY 115,047,450.49, up from CNY 83,734,264.34 at the end of 2020, indicating an increase of approximately 37.4%[14]. - The company reported a 376.07% increase in investment income from the disposal of equity interests[9].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥254,065,480.67, representing a 56.28% increase compared to ¥162,575,718.32 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 38.80% to ¥7,735,901.96 from ¥12,639,391.38 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 50.63% to ¥5,834,780.07 compared to ¥11,818,280.57 in the same period last year[19]. - The net cash flow from operating activities significantly decreased by 99.63% to ¥56,789.04 from ¥15,529,244.23 in the previous year[19]. - The basic earnings per share decreased by 38.46% to CNY 0.08 compared to the same period last year[20]. - The company reported a net profit margin improvement, with retained earnings increasing to CNY 159,588,644.31 from CNY 151,852,742.35, a rise of approximately 5.1%[95]. - The total comprehensive income for the first half of 2021 was ¥7,622,394.93, compared to ¥13,385,560.98 in the previous year, indicating a decline of 43.0%[102]. Assets and Liabilities - Total assets at the end of the reporting period rose by 7.60% to ¥751,141,529.90 from ¥698,100,946.40 at the end of the previous year[19]. - The company’s total equity increased to CNY 520,274,339.06 from CNY 509,122,683.74, marking a rise of about 2.3%[95]. - Current liabilities rose to CNY 225,390,445.45, compared to CNY 183,357,929.11, reflecting an increase of about 23%[95]. - Total liabilities reached CNY 230,867,190.84, up from CNY 188,978,262.66, indicating a growth of approximately 22.1%[95]. Cash Flow - The company reported a net cash flow from operating activities of CNY 5.68 million, a significant decline of 99.63%[39]. - Cash inflow from investment activities was CNY 252,207,023.91 in the first half of 2021, compared to CNY 219,994,564.12 in the first half of 2020, marking a 14.5% increase[108]. - Cash outflow from investment activities totaled CNY 264,052,303.76 in the first half of 2021, up from CNY 168,964,783.19 in the same period of 2020, indicating a 56.3% increase[108]. - The ending cash and cash equivalents balance for the first half of 2021 was CNY 106,109,804.11, compared to CNY 86,579,378.44 at the end of the first half of 2020, representing a 22.5% increase[108]. Research and Development - Research and development expenses rose by 17.58% to CNY 11.84 million, reflecting the company's commitment to innovation[40]. - Research and development expenses increased to ¥11,840,768.49, compared to ¥10,070,100.60 in the previous year, reflecting a growth of 17.6%[101]. Shareholder Information - The company held a shareholder meeting on June 28, 2021, where several resolutions were passed, including the election of new board members and the approval of financial reports[59]. - The total number of ordinary shareholders at the end of the reporting period was 9,389[83]. - The top shareholder, Niu Yuxia, holds 54,675,000 shares, representing 54.68% of the total shares[85]. Environmental Commitment - The company reported specific emissions data, including particulate matter emissions of 0.118 tons per year and VOCs emissions of 0.1669 tons per year[62]. - The company is committed to environmental monitoring, conducting monthly water quality tests and semi-annual air quality assessments to ensure compliance with standards[65]. Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[62]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, indicating strong financial governance[72]. - The company has committed to comply with market principles in all transactions with related parties, ensuring fairness and transparency[71]. Financial Instruments and Accounting Policies - The company recognizes expected liabilities when there is a present obligation that is likely to result in an outflow of economic benefits[196]. - Financial assets and liabilities are initially measured at fair value, with transaction costs recognized in profit or loss for certain categories[147]. - The company uses the effective interest method for subsequent measurement of financial assets measured at amortized cost[148]. Strategic Initiatives - The company is actively communicating with clients to enhance product pricing and improve profitability amid rising costs[38]. - The company emphasizes the need for continuous investment in technology research and development to maintain competitive advantages in product performance, quality, and pricing[52].

Financial Performance - Operating revenue rose by 45.43% to CNY 100,856,616.43 year-on-year[5] - Net profit attributable to shareholders decreased by 39.73% to CNY 1,591,216.60 compared to the same period last year[5] - Basic and diluted earnings per share increased by 50.00% to CNY 0.03 per share[5] - The weighted average return on net assets improved by 0.06 percentage points to 0.55%[5] - The net profit for Q1 2021 reached ¥3,001,696.71, up from ¥2,749,843.25 in Q1 2020, representing a growth of 9.1%[25] - The total comprehensive income for Q1 2021 was ¥2,998,441.71, compared to ¥2,749,843.25 in Q1 2020, reflecting a growth of 9.1%[26] - The company's operating profit for Q1 2021 was ¥922,434.45, down from ¥2,240,902.11 in Q1 2020, indicating a decline of 58.8%[27] - The total profit for Q1 2021 was ¥862,367.25, compared to ¥2,137,938.21 in Q1 2020, representing a decrease of 59.6%[27] Cash Flow - Cash flow from operating activities showed a significant decline of 136.62%, resulting in a net outflow of CNY 1,519,106.85[5] - The net cash flow from operating activities was -¥1,519,106.85, a decrease of 136.62% from ¥4,148,053.17 in the previous period[10] - The cash inflow from operating activities in Q1 2021 was ¥106,727,918.90, while cash outflow was ¥108,247,025.75, resulting in a net cash outflow of ¥1,519,106.85[28] - The net cash flow from operating activities for Q1 2021 was -8,858,080.80 RMB, compared to 5,963,394.35 RMB in Q1 2020, indicating a significant decline[30] - The cash inflow from operating activities was 59,930,203.16 RMB in Q1 2021, down from 118,778,693.96 RMB in Q1 2020, indicating a 49.6% decrease[30] - The cash outflow for operating activities was 68,788,283.96 RMB in Q1 2021, compared to 112,815,299.61 RMB in Q1 2020, showing a 39% decrease[30] Assets and Liabilities - Total assets increased by 5.95% to CNY 739,627,788.39 compared to the end of the previous year[5] - The total number of shareholders reached 11,059 at the end of the reporting period[7] - The largest shareholder, Niu Yuxia, holds 54.68% of the shares, totaling 54,675,000 shares[7] - The company reported a significant increase in contract liabilities, which rose by 145.87% to ¥21,809,445.76 from ¥8,870,139.99[10] - Total liabilities increased to ¥118,529,946.89 from ¥93,484,780.36, representing a rise of 26.8%[21] - The company's equity attributable to shareholders reached ¥465,968,869.11, up from ¥464,878,340.98, showing a slight increase of 0.2%[21] Investment and Financing Activities - Cash flow from financing activities improved significantly to ¥9,512,263.88, compared to -¥9,988,960.42 in the previous period, indicating increased bank borrowings[10] - The net cash flow from financing activities was 4,599,874.99 RMB in Q1 2021, recovering from a negative cash flow of -9,988,960.42 RMB in Q1 2020[31] - The company received 15,000,000.00 RMB in borrowings during Q1 2021, an increase from 10,000,000.00 RMB in Q1 2020[31] Research and Development - The company reported a research and development expense of ¥5,592,433.85 for Q1 2021, compared to ¥5,137,906.81 in Q1 2020, indicating a focus on innovation[23] - Research and development expenses for Q1 2021 were ¥2,535,463.71, slightly higher than ¥2,370,781.88 in Q1 2020, showing an increase of 7%[26] Market Expansion - The company has established Wuxi Weika New Energy Technology Co., Ltd. during the reporting period, indicating ongoing market expansion efforts[11] - The company plans to continue expanding its market presence and developing new products, although specific future guidance was not detailed in the report[23]

Financial Performance - In 2020, the company's operating revenue was CNY 325,149,347.38, a decrease of 33.75% compared to CNY 490,762,251.62 in 2019[19] - The net profit attributable to shareholders was CNY 6,542,159.28, down 78.92% from CNY 31,032,178.05 in the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 4,533,409.06, a decline of 84.68% compared to CNY 29,588,893.93 in 2019[19] - Basic earnings per share decreased by 77.42% to CNY 0.07 in 2020 from CNY 0.31 in 2019[20] - Diluted earnings per share also fell by 77.42% to CNY 0.07 in 2020 compared to CNY 0.31 in 2019[20] - Operating profit was CNY 9.73 million, down 73.27% year-on-year, while net profit fell to CNY 7.99 million, a decline of 75.47%[49] - The total comprehensive income attributable to the parent company's owners was CNY 6,542,159.28, a decrease of 78.9% from CNY 31,032,178.05 in 2019[170] Cash Flow and Assets - The net cash flow from operating activities increased by 78.26% to CNY 46,570,097.19 from CNY 26,125,058.29 in 2019[19] - Cash generated from operating activities increased by 78.26% to approximately ¥46.57 million compared to ¥26.13 million in the previous period[62] - Cash and cash equivalents increased to CNY 122,487,491.86 from CNY 76,403,585.15, representing a growth of approximately 60.4%[161] - Total assets were CNY 698,100,946.40, a decrease of 6.99% from CNY 750,595,864.99 at the end of 2019[19] - The company's total assets decreased to CNY 558,363,121.34 in 2020 from CNY 625,287,666.47 in 2019, indicating a contraction in the company's asset base[167] - Total liabilities decreased to CNY 188,978,262.66 from CNY 239,321,451.19, a reduction of about 21%[162] Research and Development - The company has increased R&D investment by 10.20% to CNY 22.77 million, reflecting its commitment to innovation despite overall revenue decline[50] - Research and development expenses amounted to approximately ¥22.77 million, representing 7.00% of total revenue[61] - The company has developed a heat exchanger design software that includes four modules, enhancing its capabilities in various industries[47] Market and Industry Challenges - The company faces industry and policy risks as detailed in the report[6] - The deep cooling equipment segment saw a decline in sales by over 80%, indicating challenges in business expansion[48] - The market for plate-fin heat exchangers is facing challenges from rising raw material prices and increased competition, influenced by geopolitical changes and international trade tensions[75] - The company faced challenges due to the COVID-19 pandemic, with nearly 80% of its heat exchanger products being export-oriented, leading to a decrease in overseas orders[48] Corporate Governance and Compliance - The company has a standard unqualified audit report from Zhongxinghua Accounting Firm[4] - The company has not faced any legal or regulatory violations during the reporting period, ensuring compliance with governance standards[139] - The company confirmed that there were no significant differences in corporate governance compared to the requirements of the China Securities Regulatory Commission[144] Shareholder Information - The largest shareholder, Niu Yuxia, holds 54,675,000 shares, representing 54.68% of the total shares[119] - The total number of ordinary shareholders increased from 9,087 to 9,160 during the reporting period[117] - The company has not reported any shareholding changes among directors and senior management during the reporting period[129] Future Plans and Investments - The company plans to achieve revenue of 400 million yuan from heat exchangers, with a target of over 10 million yuan in sales from single products in the wind power and fuel cell sectors[78] - The company plans to invest 20 million yuan in its subsidiary for operational funding and 19.5 million yuan in a new subsidiary for business startup costs[88] - The company plans to expand into three business segments: deep cooling equipment, battery PACK, and intelligent loading, leveraging synergies among them[76] Environmental and Social Responsibility - The company donated 100,000 RMB to a charity fund in Wuxi for various public welfare projects in 2020[112] - The company promotes resource conservation and environmental protection through initiatives like paperless offices and community clean-up activities[113]

Financial Performance - Operating revenue for the first nine months was CNY 251,835,860.12, a decline of 34.06% year-on-year[7] - Net profit attributable to shareholders decreased by 34.26% to CNY 16,815,374.27 for the first nine months[7] - Basic earnings per share decreased by 34.62% to CNY 0.17[7] - Revenue decreased by 39.27% to ¥175,528,945.66 compared to the previous period[13] - The company reported a net profit excluding non-recurring gains and losses of CNY 15,205,135.15, down 45.42% year-on-year[7] - Total revenue for Q3 2020 was CNY 89,260,141.80, a decrease from CNY 181,614,571.75 in Q3 2019, representing a decline of approximately 50.9%[23] - The net profit for Q3 2020 was CNY 4,404,712.78, down 54.8% from CNY 9,762,316.28 in Q3 2019[25] - The total profit for Q3 2020 was CNY 4,567,427.52, a decline of 55.3% compared to CNY 10,193,325.31 in Q3 2019[25] Assets and Liabilities - Total assets decreased by 9.36% to CNY 680,327,449.62 compared to the end of the previous year[7] - Total assets as of September 30, 2020, were CNY 552,287,771.59, down from CNY 625,287,666.47 at the end of 2019, a decline of about 11.6%[22] - Total liabilities decreased to CNY 83,542,780.16 from CNY 155,382,126.33, indicating a reduction of about 46.3%[22] - Total liabilities decreased by 32.6% to ¥161,262,762.06 from ¥239,321,451.19[18] - Total assets amounted to approximately $625.29 million, with non-current assets totaling $309.39 million[40] - Current liabilities reached $155.27 million, including short-term borrowings of $91.5 million and accounts payable of $43.3 million[40] Cash Flow - Cash flow from operating activities increased by 30.44% to CNY 30,253,599.08 compared to the same period last year[7] - Cash inflow from operating activities totaled CNY 298,603,951.20 for the first three quarters of 2020, down 21.2% from CNY 378,995,657.32 in 2019[29] - Cash inflow from investment activities was CNY 260,368,427.14, a decrease of 33.8% compared to CNY 394,059,063.15 in the previous year[29] - Cash flow from financing activities resulted in a net outflow of CNY 65,798,313.34, contrasting with a net inflow of CNY 80,141,470.85 in the same period of 2019[30] - The ending balance of cash and cash equivalents was CNY 50,451,680.03, down from CNY 55,236,196.33 at the end of the previous year[30] Shareholder Information - The number of shareholders at the end of the reporting period was 9,363[10] - The company maintained a stable capital reserve of CNY 222,290,593.35, unchanged from the previous year[22] - Shareholders' equity stood at approximately $469.91 million, with retained earnings of $124.35 million[41] Research and Development - Research and development expenses increased by 13.32% to ¥15,566,220.33 due to higher labor input[13] - Research and development expenses for Q3 2020 were CNY 5,496,119.73, an increase from CNY 4,868,145.77 in Q3 2019, reflecting a growth of approximately 12.9%[23] Impact of COVID-19 - The company faced a significant impact on revenue due to the COVID-19 pandemic[12]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, reflecting a year-on-year increase of 15%[20] - The net profit attributable to shareholders was RMB 20 million, representing a growth of 10% compared to the same period last year[20] - The company's operating revenue for the first half of the year was ¥162,575,718.32, a decrease of 18.85% compared to ¥200,328,701.31 in the same period last year[21] - The net profit attributable to shareholders was ¥12,639,391.38, down 22.02% from ¥16,208,527.60 year-on-year[21] - The basic earnings per share decreased by 18.75% to ¥0.13 from ¥0.16 in the previous year[22] - Operating profit was CNY 15.66 million, down 18.48% year-on-year, while net profit decreased by 21.05% to CNY 13.39 million[33] - The company reported a total comprehensive income for the first half of 2020 was approximately ¥13.39 million, down from ¥16.95 million in the same period of 2019[87] Assets and Liabilities - The company’s total assets reached RMB 500 million, with a current ratio of 1.5, indicating strong liquidity[20] - The company's total assets decreased by 6.97% to ¥698,312,173.09 from ¥750,595,864.99 at the end of the previous year[21] - The company's total assets at the end of the reporting period were CNY 698.31 million, a decrease of 6.97% from the beginning of the period[33] - The company’s liabilities decreased by 23.26% to CNY 183.65 million, indicating improved financial stability[33] - Total liabilities decreased from CNY 239,321,451.19 to CNY 183,652,198.31, a decline of about 23.3%[82] Market and Growth Strategy - User data showed an increase in customer base by 25%, with a total of 5,000 active users as of June 30, 2020[20] - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2021[20] - The company has outlined a strategic plan for potential mergers and acquisitions to enhance its competitive edge in the industry[20] - The company has been actively participating in various international trade fairs to acquire potential customers and enhance its market presence[24] Research and Development - New product development includes a heat exchanger model expected to launch in Q4 2020, projected to increase sales by 30%[20] - The company has allocated RMB 10 million for R&D in new technologies, focusing on energy efficiency improvements[20] - The company’s R&D expenses increased by 13.56% to CNY 10.07 million, reflecting increased investment in innovation[37] - The company is focusing on enhancing its competitiveness in the cryogenic field by increasing R&D investment and attracting specialized talent[28] Risks and Challenges - The impact of the COVID-19 pandemic led to a sales decrease of approximately 20% during the reporting period[34] - The company has a significant reliance on foreign customers, with approximately 70% of its revenue coming from export business, indicating potential risks if international demand declines[47] - The main product, aluminum plate fin heat exchangers, is closely tied to macroeconomic conditions, which could lead to reduced domestic and international orders if the global economy continues to decline[47] - The company faces risks from fluctuations in raw material prices, particularly aluminum, which constitutes about 65% of manufacturing costs; significant price increases could adversely affect profit margins[47] - The company is exposed to exchange rate risks due to its reliance on USD for 70% of its export transactions, which could impact pricing competitiveness if the RMB appreciates significantly[47] Corporate Governance and Compliance - There are no significant non-operating fund occupations by controlling shareholders reported during the period[7] - The company has not proposed any profit distribution or capital reserve increase for the half-year period, indicating a focus on reinvestment[52] - The company held its annual general meeting on April 23, 2020, with all resolutions passed without any objections[51] - There are no significant litigation or arbitration matters during the reporting period[57] - The company and its controlling shareholders have maintained integrity, with no unfulfilled court judgments or significant overdue debts[57] Financial Management - The company applied for a credit facility of up to RMB 150 million from banks, with specific loan amounts of RMB 70 million from Agricultural Bank of China and RMB 80 million from China Construction Bank[60] - The company provided financial assistance of up to RMB 10 million to its subsidiary, Hangzhou Hongsheng, with an interest rate 10% higher than the bank's current loan rate[60] - The outstanding financial assistance balance to Hangzhou Hongsheng at the end of the reporting period was RMB 9 million[61] Environmental and Social Responsibility - The company has implemented a "rainwater and sewage diversion" system, ensuring no production wastewater is discharged[62] - The company uses activated carbon to absorb waste gas generated from ultrasonic cleaning processes, which is then discharged at high altitudes[62] Accounting Policies and Standards - The financial statements have been approved by the board of directors on August 26, 2020[112] - The accounting policies comply with the requirements of enterprise accounting standards, reflecting the company's financial status and operating results accurately[116] - The company will adopt the new revenue recognition standards starting from 2020, which will not affect the financial indicators for 2019[65] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,072[69] - The top shareholder, Niu Yuxia, holds 54,675,000 shares, representing 54.68% of the total shares[71] - Niu Faqing, another major shareholder, holds 4,643,700 shares, accounting for 4.64%[71]

公司代码：603090 公司简称：宏盛股份 无 二 公司基本情况 2.1 公司简介 | 公司股票简况 | | | | | | --- | --- | --- | --- | --- | | 股票种类 | 股票上市交易所 | 股票简称 | 股票代码 | 变更前股票简称 | | A股 | 上海证券交易所 | 宏盛股份 | 603090 | 无 | | 联系人和联系方式 | 董事会秘书 | 证券事务代表 | | --- | --- | --- | | 姓名 | 龚少平 | 姚莉 | | 电话 | 0510-85998299-8580 | 0510-85998299-8583 | | 办公地址 | 无锡市滨湖区马山梁康路8号 | 无锡市滨湖区马山梁康路8 | | | | 号 | | 电子信箱 | gong.shaoping@hs-exchanger.com | yao.li@hs-exchanger.com | 2.2 公司主要财务数据 单位：元 币种：人民币 无锡宏盛换热器制造股份有限公司 2020 年半年度报告摘要 一 重要提示 | | 本报告期末 | 上年度末 | 本报告期末比上年度末 增减(%) | | -- ...

2020 年第一季度报告 公司代码：603090 公司简称：宏盛股份 3 / 24 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 743,181,406.08 750,595,864.99 -0.99 归属于上市公司股东 的净资产 503,969,741.90 501,535,343.58 0.49 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的现金 流量净额 4,148,053.17 9,560,457.62 -56.61 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 69,351,519.70 83,290,253.00 -16.74 归属于上市公司股东 的净利润 2,434,398.32 3,637,340.32 -33.07 归属于上市公司股东 的扣除非经常性损益 的净利润 2,640,296.25 2,956,977.74 -10.71 加权平均净资产收益 率（%） 0.49 0.75 减少 0.26 个百分点 基本每股收益（元/股） 0.02 0.04 -50.00 稀释每股收益（元/股） 0.02 0.04 -50.00 单位 ...

Financial Performance - The company's operating revenue for 2019 was approximately ¥490.76 million, representing an 18.22% increase compared to ¥415.14 million in 2018[21]. - The net profit attributable to shareholders decreased by 4.88% to approximately ¥31.03 million in 2019 from ¥32.62 million in 2018[21]. - The basic earnings per share for 2019 was ¥0.31, down 6.06% from ¥0.33 in 2018[22]. - The total assets increased by 13.07% to approximately ¥750.60 million at the end of 2019, compared to ¥663.83 million at the end of 2018[21]. - The company reported a net cash flow from operating activities of approximately ¥26.13 million in 2019, a decrease of 2.76% from ¥26.87 million in 2018[21]. - The weighted average return on equity for 2019 was 6.33%, a decrease of 0.62 percentage points from 6.95% in 2018[22]. - The gross profit margin for the main business was 24.85%, a decrease of 2.15 percentage points compared to the previous year[41]. - The total cost of sales for the company was ¥363,343,766.52, which is an increase of 23.35% year-over-year[46]. - The company achieved a main business revenue of 483.48 million yuan in 2019[139]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling 10,000,000.00 RMB based on a total share capital of 100,000,000 shares as of December 31, 2019[5]. - The company has a cash dividend policy that includes a distribution of 1 RMB per 10 shares for the 2018 fiscal year, with a total cash dividend of 10 million RMB[71]. - The total number of ordinary shareholders increased from 10,824 to 11,507, representing a growth of approximately 6.3%[100]. - The largest shareholder, Niu Yuxia, holds 54,675,000 shares, accounting for 54.68% of the total shares[102]. - The second largest shareholder, Niu Faqing, holds 4,643,700 shares, representing 4.64% of the total shares[102]. Risk Factors and Industry Outlook - The company has outlined potential industry and policy risks in its report, advising investors to be cautious[7]. - The company emphasizes the importance of risk factors that may impact its operations, detailed in the discussion and analysis section of the report[7]. - The company faces risks related to exchange rate fluctuations, as 60% of its export business is settled in USD, which could impact its pricing advantage if the RMB appreciates significantly[68]. - The cost of aluminum, which constitutes about 65% of the manufacturing cost of the company's main products, poses a risk if prices rise significantly, potentially reducing profit margins[68]. - The company is actively seeking mergers and acquisitions to enhance its long-term competitive advantage and achieve greater economies of scale[67]. Governance and Compliance - The company received a standard unqualified audit report from Zhongxinghua Accounting Firm, ensuring the financial report's authenticity and completeness[4]. - The company has established a strong governance structure with all board members present at the board meeting, ensuring effective oversight[8]. - The company has committed to strictly implement the "Stabilization Plan for Company Stock Price after Listing" for three years post-IPO, ensuring compliance from key personnel[74]. - The company has confirmed that neither the actual controller nor related entities are involved in any competing businesses[74]. - The company has not reported any non-standard audit opinions from the accounting firm[78]. Research and Development - The company has established a leading R&D capability in the plate fin heat exchanger sector, significantly shortening the new product development cycle[34]. - Research and development expenses totaled ¥20,662,675.41, accounting for 4.21% of total revenue, with 95 R&D personnel representing 13.21% of the total workforce[52]. - The company entered the cryogenic equipment market since 2018, enhancing its competitiveness through talent acquisition and increased R&D investment[33]. - The company aims to enhance its competitive advantage in the aluminum plate fin heat exchanger market by developing high-pressure plate fin heat exchangers and electric vehicle thermal management systems[67]. Financial Management and Investments - The company has a clear strategy for managing its financial products, focusing on both self-owned and raised funds[88]. - The company is actively monitoring the performance of its financial investments to optimize returns[88]. - The company raised a total of RMB 160 million through brokerage financial products, with no overdue amounts reported[88]. - The company has self-owned funds amounting to RMB 350 million in bank financial products, with an outstanding balance of RMB 56 million[88]. - The company reported a total of 5,000,000.00 in self-owned funds for national contracts with a return rate of 2.50% and a revenue of 13,972.60[89]. Environmental and Social Responsibility - The company donated 100,000 RMB to the Wuxi Binhu District Charity Foundation for various charitable projects[94]. - The company has implemented a "rainwater and sewage diversion" system, resulting in no production wastewater discharge[95]. - The company has engaged in safe disposal of hazardous waste through authorized companies[95]. Employee and Management Information - The number of employees in the parent company is 446, while the total number of employees in the parent and major subsidiaries is 719[121]. - The company has a training program for employees, focusing on modern management and technical skills to enhance overall employee capabilities[123]. - Total compensation for all directors, supervisors, and senior management amounted to 406.47 million[118]. - Chairman and General Manager Niu Faqing received a pre-tax remuneration of 600,000 RMB during the reporting period[113]. Audit and Internal Control - The internal control audit report confirmed the effectiveness of the company's internal controls for the year 2019[140]. - The company has not identified any significant deficiencies in internal controls during the reporting period[141]. - The audit opinion stated that the financial statements fairly reflect the company's financial position as of December 31, 2019[136].

Financial Performance - The company's operating revenue for 2019 was approximately ¥490.76 million, representing an 18.22% increase compared to ¥415.14 million in 2018[21]. - The net profit attributable to shareholders decreased by 4.88% to approximately ¥31.03 million in 2019 from ¥32.62 million in 2018[21]. - The basic earnings per share for 2019 was ¥0.31, down 6.06% from ¥0.33 in 2018[22]. - The total assets increased by 13.07% to approximately ¥750.60 million at the end of 2019, compared to ¥663.83 million at the end of 2018[21]. - The company reported a net cash flow from operating activities of approximately ¥26.13 million in 2019, a decrease of 2.76% from ¥26.87 million in 2018[21]. - The weighted average return on equity for 2019 was 6.33%, down from 6.95% in 2018[22]. - The gross profit margin for the main business was 24.85%, a decrease of 2.15 percentage points compared to the previous year[39]. - The total sales volume of aluminum plate fin heat exchangers was approximately 6,950 tons, a year-on-year decrease of 18.20%[35]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling 10,000,000 RMB based on a total share capital of 100,000,000 shares as of December 31, 2019[5]. - The dividend payout ratio for 2019 was 32.22%, with a total distribution of 10 million RMB based on a net profit of approximately 31 million RMB[71]. - The company has maintained a consistent cash dividend distribution over the past three years, with similar payouts in 2017 and 2018[71]. - There are no plans for share buybacks to be included in cash dividends during the reporting period[72]. Audit and Compliance - The company received a standard unqualified audit report from Zhongxinghua Accounting Firm, ensuring the financial report's authenticity and completeness[4]. - The company appointed Zhongxinghua Accounting Firm as its auditor, with specific auditors responsible for the financial review[19]. - The audit report indicated that the financial statements fairly reflect the company's financial position as of December 31, 2019[135]. - The internal control audit report confirmed the effectiveness of the company's internal controls for the year[140]. Risk Management - The company has outlined potential risks in the industry and policy areas that may impact future performance, as detailed in the report[7]. - The company emphasizes the importance of investor awareness regarding uncertainties in forward-looking statements and potential investment risks[6]. - The company has committed to avoiding any related party transactions that could harm its interests[76]. - The company has not faced any risks of suspension or termination of listing[79]. Corporate Governance - The company has maintained a consistent operational structure without significant changes in its governance or management personnel[8]. - The company has a total of 5 directors, including 2 independent directors, and held 8 board meetings during the reporting period[125]. - The company has implemented a salary system that links fixed salary adjustments and bonuses to company, department, and individual performance[121]. - The company has established a mechanism for evaluating and incentivizing senior management, although specific details were not disclosed[130]. Market and Industry Position - The company primarily engages in the research, design, production, and sales of aluminum plate-fin heat exchangers and cryogenic equipment, with significant applications in various industries[28]. - Approximately 80% of the company's heat exchanger products are exported to regions including the Americas, Europe, and Asia[29]. - The company anticipates growth opportunities in the cryogenic equipment market due to rising investments in the coal chemical, petrochemical, and natural gas industries during the 13th Five-Year Plan period[30]. - Major export markets include the US, South Korea, EU, and India; shifts towards trade protectionism in these regions could weaken price advantages and affect sales growth[68]. Environmental Responsibility - The company reported no production wastewater discharge, with a rainwater and sewage diversion system implemented[94]. - The company has engaged in the safe disposal of hazardous waste through authorized disposal companies, ensuring environmental responsibility[94]. - The company has implemented effective noise reduction measures in its production facilities, ensuring compliance with environmental standards[94]. Shareholder Information - The total number of ordinary shareholders increased from 10,824 to 11,507 during the reporting period, indicating a growth of approximately 6.3%[99]. - The top two shareholders, Niu Yuxia and Niu Faqing, hold 54,675,000 shares (54.68%) and 4,643,700 shares (4.64%) respectively, with no shares pledged or frozen[101]. - The company has no convertible bonds or significant changes in its ordinary share capital structure during the reporting period[96]. Financial Products and Investments - The company has a total of 10,000,000.00 in financial products with a return rate of 2.05% for the period ending in March 2019[88]. - The company achieved a revenue of 13,972.60 from its financial products, indicating a significant performance in the market[88]. - The average annualized return for brokerage wealth management products was 3.00%[87]. - The company is focused on expanding its financial product offerings to enhance revenue streams and market presence[88].