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： 会议召开时间：2023 年 05 月 05 日(星期五) 下午 16:00-17:00 证券代码：603095 证券简称：越剑智能 公告编号：2023-019 浙江越剑智能装备股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩暨现金 分红说明会的公告 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 25 日(星期二) 至 05 月 04 日(星期四)16:00 前登 录上证路演中心网站首页点 击 " 提问预征集 " 栏目或通过公司邮箱 secretary@yuejian.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 浙江越剑智能装备股份有限公司（以下简称"公司"）已于 2023 年 04 月 15 日发布了公司 2022 年年度报告，并将于 2023 年 4 月 28 日发布公司 ...

2022年年度报告 公司代码：603095 公司简称：越剑智能 浙江越剑智能装备股份有限公司 2022 年年度报告 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥290,072,480.24, a decrease of 19.83% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 reached ¥310,133,093.49, an increase of 503.66% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,495,088.19, down 3.10% from the previous year[5] - Basic earnings per share for Q3 2022 were ¥2.35, reflecting a significant increase of 504.11% compared to the same period last year[6] - The weighted average return on equity for Q3 2022 was 12.76%, an increase of 10.28 percentage points year-on-year[6] - Total revenue for the first three quarters of 2022 was CNY 1,055,744,377.31, a decrease of 3.1% compared to CNY 1,088,920,971.32 in the same period of 2021[17] - Operating profit for the first three quarters of 2022 increased to CNY 499,801,435.33, compared to CNY 184,664,729.84 in the same period of 2021, representing a significant increase[18] - Net profit for the first three quarters of 2022 was CNY 431,413,645.96, up from CNY 161,360,932.71 in 2021, indicating a growth of 167.5%[18] - The net profit attributable to the parent company for Q3 2022 was approximately ¥431.42 million, a significant increase from ¥161.36 million in Q3 2021, representing a growth of 167.5%[19] - The total comprehensive income attributable to the parent company for Q3 2022 was approximately ¥401.21 million, compared to ¥181.43 million in Q3 2021, indicating an increase of 121.5%[20] - Basic and diluted earnings per share for Q3 2022 were both ¥3.27, up from ¥1.22 in Q3 2021, reflecting a growth of 168.0%[20] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥73,817,787.28, a decrease of 70.48% compared to the previous year[6] - Cash flow from operating activities for the first nine months of 2022 was ¥73.82 million, a decrease of 70.5% compared to ¥250.04 million in the same period of 2021[21] - Cash inflow from investment activities for the first nine months of 2022 was ¥1.78 billion, down from ¥4.06 billion in the same period of 2021, a decline of 56.1%[22] - Net cash flow from investment activities for the first nine months of 2022 was approximately ¥692.59 million, a significant increase from ¥87.86 million in the same period of 2021[22] - The net cash flow from financing activities for the first nine months of 2022 was -¥103.89 million, compared to -¥50.41 million in the same period of 2021, indicating a worsening of 106.0%[22] - The ending balance of cash and cash equivalents as of September 30, 2022, was approximately ¥1.53 billion, compared to ¥684.33 million at the end of Q3 2021, an increase of 123.0%[22] - The company reported a decrease in cash received from sales of goods and services, totaling ¥970.29 million for the first nine months of 2022, down from ¥1.04 billion in the same period of 2021, a decline of 7.2%[21] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥3,359,578,550.34, a slight increase of 0.19% from the end of the previous year[6] - Cash and cash equivalents as of September 30, 2022, were CNY 1,531,048,576.55, an increase of 76.5% from CNY 867,511,052.54 at the end of 2021[14] - Total assets as of September 30, 2022, amounted to CNY 3,359,578,550.34, slightly up from CNY 3,353,234,453.33 at the end of 2021[16] - Total liabilities decreased to CNY 828,463,577.26 from CNY 1,118,472,443.98, reflecting a reduction of 26.0%[16] - The company's inventory as of September 30, 2022, was CNY 360,141,145.19, an increase of 12.0% from CNY 321,404,109.78 at the end of 2021[14] Non-Recurring Gains and Other Income - Non-recurring gains and losses for Q3 2022 totaled ¥265,638,005.30, with significant contributions from asset disposal gains[8] - The company received compensation for demolition in Q3 2022, which significantly boosted net profit[9] - The company reported a financial income of CNY 26,527,998.80 for the first three quarters of 2022, compared to CNY 10,225,861.52 in 2021, indicating a significant increase in financial performance[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,165[10] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 38,780,858.43, consistent with CNY 38,769,831.67 in the same period of 2021[18] Market Activity - The company did not report any new product launches or significant market expansion strategies during the conference call[23]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2022, representing a 20% growth compared to the same period last year[20]. - The company's operating revenue for the first half of the year reached ¥765,671,897.07, representing a 5.30% increase compared to ¥727,120,967.94 in the same period last year[21]. - Net profit attributable to shareholders was ¥121,285,923.81, up 10.27% from ¥109,985,328.82 year-on-year[21]. - Basic earnings per share increased to ¥0.92, a rise of 10.84% from ¥0.83 in the previous year[23]. - The total profit for the first half of 2022 was ¥136,970,476.22, an increase of 8.1% from ¥125,923,377.64 in the previous year[101]. - The total comprehensive income for the first half of 2022 was ¥101,141,420.84, down from ¥164,078,894.99 in the same period of 2021[102]. - The company reported a profit distribution of CNY -105,600,000.00, indicating a loss for the period[118]. - The total equity attributable to the parent company at the end of the period was CNY 2,231,051,431.62, a slight increase from CNY 2,230,702,341.10 at the beginning of the period[121]. Market and Growth Strategy - User data indicates a growing customer base, with an increase of 15% in active users, reaching 1.2 million by the end of June 2022[20]. - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 25% year-over-year, driven by new product launches and market expansion strategies[20]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[20]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's production capacity by 40%[20]. - The company has launched two new product lines, which are anticipated to contribute an additional 100 million RMB in revenue over the next year[20]. Research and Development - Investment in R&D has increased by 30%, totaling 50 million RMB, focusing on the development of advanced intelligent equipment technologies[20]. - Research and development expenses totaled CNY 28.60 million, representing a year-on-year increase of 9.91%[37]. - The company has invested CNY 53.31 million in the "Intelligent Textile Machinery Production Base and Research Institute" project, which is now in trial production[37]. - The company holds over 100 patents, including 27 invention patents, showcasing its strong technological and quality advantages in textile machinery manufacturing[33]. - The company is recognized as a high-tech enterprise, emphasizing its commitment to innovation and quality in the textile machinery industry[33]. Financial Position and Assets - The company has maintained a strong cash position, with cash reserves of 200 million RMB, ensuring liquidity for ongoing operations and investments[20]. - Cash and cash equivalents increased by 41.82% to ¥1,230,272,124.47, up from ¥867,511,052.54 last year, primarily due to a decrease in bank wealth management and an increase in deposits[43]. - Total assets decreased by 2.85% to ¥3,257,683,582.91 from ¥3,353,234,453.33 at the end of the previous year[22]. - The company's net assets attributable to shareholders slightly decreased by 0.17% to ¥2,230,702,341.10 from ¥2,234,407,538.30 at the end of the previous year[22]. - The company's total equity slightly decreased from CNY 2,234,762,009.35 to CNY 2,231,051,431.62, a decrease of approximately 0.12%[95]. Risks and Challenges - The management has identified potential risks, including supply chain disruptions and market competition, which could impact future performance[20]. - The company faces risks related to customer development, with sales to the top five customers accounting for 10.78% of total revenue, indicating a need for continuous customer acquisition[52]. - The company received a warning letter from the China Securities Regulatory Commission for failing to timely correct its 2021 performance forecast, leading to penalties for key executives[71]. Environmental and Compliance - The company is not classified as a key pollutant discharge unit and has not faced any administrative penalties related to environmental issues[61]. - The company has implemented appropriate environmental protection measures and has passed environmental assessments for its main production projects[61]. - The company has established a robust environmental protection system in accordance with national standards[61]. Shareholder and Governance - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period, with no dividends or stock bonuses declared[58]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[59]. - The total number of ordinary shareholders as of the end of the reporting period is 12,219[82]. - Zhejiang Yuejian Holding Co., Ltd. holds 34.98% of the shares, totaling 46,178,550 shares[84]. - The company has committed to not transferring or entrusting its shares for a period of 36 months following the listing of its stock[64]. Accounting and Financial Reporting - The financial statements are prepared based on the principle of continuous operation and comply with the requirements of enterprise accounting standards[138]. - The company has established specific accounting policies and estimates for financial instruments, fixed asset depreciation, and revenue recognition[137]. - Financial assets are classified into three categories upon initial recognition: 1) measured at amortized cost; 2) measured at fair value with changes recognized in other comprehensive income; 3) measured at fair value with changes recognized in profit or loss[147]. - The company recognizes revenue based on the progress of performance obligations, confirming income at a point in time when control of goods or services is transferred to the customer[192].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 334,134,779.73, representing a year-on-year increase of 6.83%[5] - The net profit attributable to shareholders was CNY 49,223,890.38, showing a decrease of 4.91% compared to the same period last year[5] - The basic earnings per share for the period was CNY 0.3729, down by 4.92% year-on-year[5] - Total operating revenue for Q1 2022 was RMB 334,134,779.73, an increase of 6.5% compared to RMB 312,779,036.97 in Q1 2021[18] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided content[18] - The net profit attributable to the parent company shareholders for Q1 2022 was CNY 49,223,890.38, a decrease of 2.6% compared to CNY 51,767,511.27 in Q1 2021[20] - The total comprehensive income for Q1 2022 was CNY 38,146,034.09, down from CNY 51,767,511.27 in the same period last year[20] - The company achieved a gross profit of CNY 56,493,588.63, down from CNY 59,696,153.08 in the previous year, indicating a decline of 3.7%[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,381,669,672.35, an increase of 0.85% from the end of the previous year[6] - Current assets as of March 31, 2022, totaled RMB 2,405,110,009.01, compared to RMB 2,349,368,298.40 at the end of 2021, showing an increase of 2.4%[14] - Total assets reached RMB 3,381,669,672.35 as of March 31, 2022, compared to RMB 3,353,234,453.33 at the end of 2021, marking a growth of 0.8%[15] - Total liabilities decreased slightly to RMB 1,108,761,628.91 from RMB 1,118,472,443.98 at the end of 2021, a decline of 0.6%[16] - Shareholders' equity increased to RMB 2,272,908,043.44 as of March 31, 2022, from RMB 2,234,762,009.35 at the end of 2021, reflecting a growth of 1.7%[16] - The company's total equity increased to CNY 2,284,737,635.60 as of March 31, 2022, from CNY 2,244,156,331.32 at the end of December 2021, reflecting a growth of about 1.8%[28] Cash Flow - The net cash flow from operating activities was CNY 49,400,736.71, a decrease of 2.93% compared to the previous year[5] - The company reported a net cash flow from operating activities of CNY 49,400,736.71, slightly down from CNY 50,893,072.53 in the same period last year[24] - The net cash flow from operating activities decreased to $52.69 million in Q1 2022 from $67.32 million in Q1 2021, a decline of approximately 21.7%[34] - The net cash flow from investment activities was $5.13 million in Q1 2022, significantly down from $157.88 million in Q1 2021, a drop of approximately 96.8%[35] - The net cash flow from financing activities rose to $49.40 million in Q1 2022, compared to $11.35 million in Q1 2021, an increase of approximately 336%[35] Expenses - The management expenses increased by 49.07%, primarily due to increased depreciation and expenses from newly consolidated subsidiaries[9] - Total operating costs for Q1 2022 were RMB 283,600,541.52, up from RMB 258,835,641.03 in Q1 2021, reflecting an increase of 9.6%[18] - Operating costs accounted for RMB 266,195,214.67 in Q1 2022, compared to RMB 239,288,450.19 in Q1 2021, indicating a rise of 11.3%[18] - Research and development expenses increased to CNY 11,165,146.12 in Q1 2022, compared to CNY 10,427,048.14 in Q1 2021, reflecting a growth of 7.1%[19] - The company's financial expenses showed a significant increase, with net financial expenses of CNY -6,897,677.20 compared to CNY -1,609,217.34 in Q1 2021[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,413[10] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.37, compared to CNY 0.39 in Q1 2021, reflecting a decrease of 5.1%[20]

Financial Performance - The company's operating revenue for 2021 reached ¥1,550,207,862.97, representing a 109.82% increase compared to ¥738,824,383.42 in 2020[22]. - Net profit attributable to shareholders was ¥323,936,180.39, a significant increase of 162.20% from ¥123,546,563.15 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥205,311,565.65, up 126.08% from ¥90,813,555.48 in 2020[23]. - The net cash flow from operating activities was ¥329,502,632.42, an increase of 178.04% compared to ¥118,510,959.29 in 2020[22]. - Basic earnings per share for 2021 were ¥2.45, a 140.20% increase from ¥1.02 in 2020[23]. - The weighted average return on equity rose to 15.59%, an increase of 7.97 percentage points from 7.62% in 2020[23]. - Total assets at the end of 2021 were ¥3,353,234,453.33, a 24.78% increase from ¥2,687,211,892.91 at the end of 2020[22]. - The net profit attributable to shareholders reached CNY 32,393.62 million, with a year-on-year increase of 162.20%[47]. - The company reported a significant increase in revenue from the East China region, which rose by 116.96% year-over-year, making it the primary sales area[55]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 8.00 per 10 shares, totaling RMB 105.6 million, which represents 32.60% of the net profit attributable to shareholders for the year[6]. - The company does not plan to conduct any other forms of profit distribution aside from cash dividends for the year[6]. - The company’s cash dividend for 2020 was RMB 5.00 per 10 shares, totaling RMB 66 million, accounting for 53.42% of the net profit attributable to shareholders[122]. Research and Development - Research and development expenditure amounted to 51.66 million yuan, reflecting a 57.01% increase compared to the previous year[35]. - The company holds over 100 independent intellectual property rights, including 27 invention patents, showcasing its strong technological and quality advantages[44]. - The company has allocated resources for research and development to enhance its technological capabilities and product offerings[199]. - The number of R&D personnel was 77, representing 10.97% of the total workforce[64]. - Total R&D expenditure accounted for 3.33% of operating revenue, with no capitalized R&D costs reported[63]. Corporate Governance - The company’s board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[4]. - The company maintains an independent operational structure, with no shared bank accounts or financial personnel with the controlling shareholder[98]. - The board consists of 7 members, including 4 independent directors, ensuring a majority of independent oversight[96]. - The company has established a complete financial accounting system, enabling independent financial decision-making[98]. - The company has a robust internal control system, enhancing its operational compliance and governance[95]. Risks and Challenges - The company has not identified any significant risks that could materially affect its operations during the reporting period[9]. - The company is facing risks related to customer acquisition due to the cyclical nature of its product sales[91]. - The company acknowledges the risk of technological advancements by competitors potentially replacing its products[93]. - The company is at risk of losing tax benefits if it fails to maintain its high-tech enterprise status[91]. Employee and Management Information - The company has a total of 702 employees, with 647 in the parent company and 55 in major subsidiaries[118]. - The total remuneration for all directors, supervisors, and senior management was 3.2285 million yuan at the end of the reporting period[108]. - The company has established a comprehensive salary and benefits system based on industry standards and employee performance[119]. - The company emphasizes the importance of training and development for its employees through various training programs[120]. Environmental and Social Responsibility - The company has invested in adequate environmental protection facilities and has complied with relevant environmental laws and regulations[130]. - There were no administrative penalties due to environmental issues during the reporting period[130]. - The company is committed to sustainable production practices, emphasizing environmentally friendly manufacturing technologies[87]. Financial Position - The company's total liabilities were CNY 1,106,559,906.48, compared to CNY 739,320,590.50 in 2020, which is an increase of approximately 49.7%[192]. - The company's long-term equity investments increased to CNY 102,879,440.89 from CNY 66,879,812.47, showing a growth of approximately 54.0%[192]. - The company's cash and cash equivalents increased by 117.77% to ¥867,511,052.54, representing 25.87% of total assets[72]. - The company has not provided any guarantees to shareholders, actual controllers, or related parties[147]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 11,627, an increase from 11,413 at the end of the previous month[161]. - The top ten shareholders hold a total of 94,600,100 shares, with the largest shareholder being Zhejiang Yuejian Holding Co., Ltd. at 46,178,550 shares[160]. - All major shareholders have a lock-up period of 36 months from the date of listing for their shares[166]. - The actual controller of the company is Sun Jianhua, who is also the chairman[169].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥361,800,003.38, representing a year-on-year increase of 157.34%[5] - The net profit attributable to shareholders for the same period was ¥51,375,603.89, an increase of 124.64% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥45,919,246.71, up 125.09% year-on-year[5] - Basic earnings per share for Q3 2021 were ¥0.389, an increase of 124.60% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥1,088,920,971.32, a significant increase from ¥497,838,359.33 in the same period of 2020, representing a growth of approximately 118.4%[17] - Net profit for the third quarter of 2021 was ¥161,360,932.71, up from ¥86,437,740.44 in the same quarter of 2020, reflecting a growth of approximately 86.5%[19] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥1.22, compared to ¥0.74 in the same quarter of 2020, marking an increase of about 64.9%[20] - The company reported a total profit of ¥184,640,306.99 for the third quarter of 2021, compared to ¥101,648,374.35 in the same quarter of 2020, representing an increase of approximately 81.6%[19] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was ¥250,039,836.25, reflecting a growth of 123.75%[6] - Cash inflow from operating activities for the first three quarters of 2021 totaled ¥1,121,135,214.97, compared to ¥536,395,577.27 in 2020, representing an increase of approximately 108.9%[21] - The net cash flow from operating activities for Q3 2021 was CNY 250,039,836.25, an increase of 123.5% compared to CNY 111,751,729.51 in Q3 2020[22] - The total cash and cash equivalents at the end of Q3 2021 stood at CNY 684,327,609.24, down from CNY 868,381,473.95 at the end of Q3 2020[22] - The company's cash and cash equivalents amounted to CNY 684,327,609.24, up from CNY 398,365,300.38 at the end of 2020, representing a growth of about 71.9%[13] - The total assets at the end of the reporting period amounted to ¥3,211,235,891.89, a 19.50% increase from the end of the previous year[6] - As of September 30, 2021, the company's total assets reached CNY 3,211,235,891.89, an increase from CNY 2,687,211,892.91 at the end of 2020, reflecting a growth of approximately 19.5%[13] Liabilities and Equity - Total liabilities as of the end of the third quarter of 2021 were ¥1,149,875,724.23, compared to ¥744,699,768.38 at the end of the same period in 2020, reflecting an increase of approximately 54.4%[18] - The total current liabilities reached CNY 926,022,754.21, up from CNY 739,320,590.50, reflecting an increase of about 25.3%[14] - The total equity attributable to shareholders reached ¥2,061,360,167.66 at the end of the third quarter of 2021, compared to ¥1,942,512,124.53 in 2020, indicating a growth of about 6.1%[18] - The equity attributable to shareholders at the end of the reporting period was ¥2,061,360,167.66, up 6.12% from the previous year[6] Operational Highlights - The company reported a significant increase in sales revenue due to the recovery from the pandemic's impact in 2020, with steady growth in orders[8] - The company has not reported any non-recurring gains or losses for the current period, indicating stable operational performance[7] - The company has ongoing investments in new technologies and products, although specific figures were not disclosed in the provided content[12] - There are no significant changes in the shareholder structure reported during the quarter, with the top shareholders remaining consistent[12] Costs and Expenses - Total operating costs for the first three quarters of 2021 were ¥919,103,234.50, compared to ¥414,631,513.99 in 2020, indicating an increase of about 121.0%[18] - Research and development expenses for the third quarter of 2021 amounted to ¥38,769,831.67, up from ¥22,209,727.30 in the same quarter of 2020, indicating an increase of about 74.6%[18] Investment Activities - The total cash inflow from investment activities reached CNY 4,055,743,842.82, up from CNY 1,563,873,780.99 in the previous year, marking a growth of 159.5%[22] - The net cash flow from investment activities was CNY 87,855,101.58, a significant improvement from a negative CNY 325,689,669.11 in Q3 2020[22] - The cash outflow for investment activities was CNY 3,967,888,741.24, compared to CNY 1,889,563,450.10 in Q3 2020, reflecting an increase of 100.5%[22] Changes in Accounting Standards - The company implemented new leasing standards starting January 1, 2021, which resulted in adjustments to the financial statements[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥727,120,967.94, representing a growth of 103.53% compared to the same period last year[20]. - The net profit attributable to shareholders of the listed company reached ¥109,985,328.82, an increase of 73.02% year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥98,636,778.30, reflecting a growth of 100.04% compared to the previous year[20]. - The basic earnings per share for the first half of 2021 was ¥0.83, up 43.10% from ¥0.58 in the same period last year[20]. - The net cash flow from operating activities was ¥193,977,626.10, which is a 120.12% increase year-on-year[20]. - The company's total assets grew by 11.85% to ¥3,005,588,593.91 from ¥2,687,211,892.91 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 5.23% to ¥2,044,008,422.79 from ¥1,942,512,124.53 at the end of the previous year[21]. - The total comprehensive income for the first half of 2021 was ¥164,078,894.99, compared to ¥48,601,385.59 in the previous year, indicating a substantial increase of 237.5%[105]. Cash Flow and Investments - The net cash flow from operating activities increased to ¥207,589,606.96 in the first half of 2021, up from ¥89,895,443.24 in the same period of 2020, representing a growth of 131.2%[113]. - The company reported a cash inflow from investment activities of RMB 2,870,595,453.53 in the first half of 2021, compared to RMB 1,193,299,200.51 in the same period of 2020, an increase of 140.6%[110]. - The company invested a total of 267.91 million RMB in fundraising projects, with 206.53 million RMB allocated to the "Intelligent Textile Machine Production Base and Research Institute" project[33]. - The company reported a significant increase in cash and cash equivalents, totaling 657.70 million RMB, which represents 21.88% of total assets, a 65.10% increase from the previous year[38]. Research and Development - Research and development expenses rose by 64.54% to 26.02 million RMB, reflecting the company's commitment to new R&D projects[35]. - The company holds over 80 proprietary technology patents, including 25 invention patents, indicating a strong technological advantage in the textile machinery sector[29]. - The company has established a comprehensive product quality control system to ensure reliability throughout the product lifecycle[29]. Market Position and Customer Relations - The company has a strong brand presence in the Jiangsu and Zhejiang regions, with its "Yuejian" brand recognized for quality and customer satisfaction[30]. - The company offers personalized customization services, allowing clients to tailor products to their specific needs, enhancing customer satisfaction and profitability[30]. - The company has established a stable customer base by providing personalized textile machinery products and timely after-sales services[32]. Shareholder and Corporate Governance - The company did not distribute profits or increase capital from reserves during this reporting period[4]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[59]. - The company will comply with regulations regarding share reduction by shareholders and executives as stipulated by the China Securities Regulatory Commission[59]. - The company has outlined specific measures to ensure compliance with shareholding regulations post-listing[61]. Risks and Compliance - There are no significant risks affecting the company's production and operations during the reporting period[6]. - The company has implemented environmental protection measures and has not faced any administrative penalties related to environmental laws during the reporting period[56]. - The company emphasizes the risk of technological obsolescence due to rapid advancements in the textile machinery industry, which could impact its competitive edge[47]. Financial Health and Stability - Total liabilities increased to ¥961,580,171.12 from ¥744,699,768.38, representing a rise of about 29.1%[97]. - The total equity attributable to shareholders rose to ¥2,044,008,422.79, compared to ¥1,942,512,124.53, reflecting an increase of approximately 5.2%[97]. - The company’s total liabilities and equity reflect a stable financial position, with no significant changes reported in accounting policies[140].

Financial Performance - The company's operating revenue for Q1 2021 increased by 74.89% year-on-year, reaching RMB 312.78 million, compared to RMB 178.85 million in Q1 2020[6] - Net profit attributable to shareholders rose by 53.48% year-on-year to RMB 51.77 million, up from RMB 33.73 million in the same period last year[7] - The net cash flow from operating activities increased by 67.03% year-on-year, amounting to RMB 50.89 million, compared to RMB 30.47 million in Q1 2020[7] - Revenue for the current period reached ¥312,779,036.97, a 74.89% increase compared to ¥178,847,200.80 in the same period last year, primarily due to improved sales conditions[16] - Operating profit for Q1 2021 was ¥59,696,153.08, representing a 50.7% increase from ¥39,648,118.80 in Q1 2020[30] - Net profit for Q1 2021 after tax was ¥51,767,511.27, compared to ¥33,728,918.30 in Q1 2020, marking a growth of 53.6%[30] - The total comprehensive income for Q1 2021 was CNY 53,399,159.74, compared to CNY 18,873,575.81 in Q1 2020, showing a significant increase[35] Cash Flow and Liquidity - Cash and cash equivalents increased by 60.07% to RMB 637.64 million, primarily due to the redemption of financial products[14] - The net cash flow from operating activities for Q1 2021 was ¥67,318,966.74, an increase of 114% compared to ¥31,486,241.34 in Q1 2020[40] - Total cash inflow from investment activities reached ¥1,393,453,534.53, up from ¥460,061,013.87 in the same period last year, marking a significant increase of 202%[40] - Cash and cash equivalents at the end of Q1 2021 totaled ¥615,602,207.56, compared to ¥248,311,306.42 at the end of Q1 2020, reflecting a year-over-year increase of 148%[41] - The total cash inflow from operating activities was ¥297,793,768.07, an increase of 69% from ¥175,651,320.78 in Q1 2020[40] Assets and Liabilities - Total assets at the end of the reporting period were RMB 2.88 billion, reflecting a 7.34% increase from RMB 2.69 billion at the end of the previous year[7] - Total assets as of March 31, 2021, amounted to ¥2,884,501,116.20, up from ¥2,687,211,892.91 at the end of 2020[22] - Total liabilities as of March 31, 2021, were ¥871,738,866.22, compared to ¥701,479,724.28 at the end of 2020, indicating an increase of 24.3%[27] - Total liabilities reached CNY 744,699,768.38, with current liabilities at CNY 739,320,590.50[45] Shareholder Information - The number of shareholders at the end of the reporting period was 14,163, with the largest shareholder, Zhejiang Yuejian Holdings, holding 34.98% of the shares[11] - Shareholders' equity totaled CNY 1,942,512,124.53, with retained earnings of CNY 462,189,440.30[45] Research and Development - R&D expenses surged by 89.95% to ¥10,427,048.14 from ¥5,489,487.07, as the company resumed normal R&D activities after pandemic-related reductions in the previous year[16] - The company reported a significant increase in R&D expenses, which rose to ¥10,427,048.14 in Q1 2021, up from ¥5,489,487.07 in Q1 2020, reflecting an increase of 89.5%[30] - Research and development expenses for Q1 2021 amounted to CNY 10,427,048.14, which is a 90% increase from CNY 5,489,487.07 in Q1 2020[33] Government Support - The company received government subsidies amounting to RMB 957,388.54, which are closely related to its normal business operations[10] Operational Changes - The company has completed several land and building demolition projects as part of local government initiatives, ensuring continued operational capacity during the transition[19] - The company plans to maintain normal production during the relocation of its facilities, with effective measures in place to manage customer orders[19] Financial Standards and Reporting - The company executed the new leasing standards effective January 1, 2021, impacting financial statement adjustments[49] - The new lease accounting standard was first implemented in 2021, with retrospective adjustments made to prior comparative data[50] - The audit report is not applicable for this period[50]

Financial Performance - The company's operating revenue for 2020 was RMB 738,824,383.42, a decrease of 27.40% compared to RMB 1,017,678,343.33 in 2019[20]. - The net profit attributable to shareholders for 2020 was RMB 123,546,563.15, down 28.47% from RMB 172,718,570.48 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 90,813,555.48, a decline of 39.53% from RMB 150,176,957.84 in 2019[20]. - The net cash flow from operating activities was RMB 118,510,959.29, which is a decrease of 38.84% compared to RMB 193,773,447.54 in the previous year[20]. - Basic earnings per share decreased by 41.38% to CNY 1.02 compared to CNY 1.74 in the previous year[22]. - The company achieved total revenue of CNY 738.82 million in 2020, a decrease of 27.40% year-on-year[42]. - The net profit attributable to shareholders was CNY 123.55 million, down 28.47% compared to the previous year[42]. Assets and Liabilities - As of the end of 2020, the total assets amounted to RMB 2,687,211,892.91, an increase of 72.08% from RMB 1,561,560,935.89 at the end of 2019[20]. - The total equity attributable to shareholders increased by 88.19% to CNY 1,942,512,124.53, mainly due to the increase in share capital from the IPO[22]. - Total liabilities reached CNY 744,699,768.38 in 2020, up from CNY 529,372,667.88 in 2019, marking a growth of approximately 40.7%[184]. - Current liabilities rose to CNY 739,320,590.50 in 2020, compared to CNY 514,346,518.49 in 2019, an increase of about 43.8%[184]. Cash Flow - The company reported a net cash flow from operating activities of CNY 118.51 million, down 38.84% year-on-year[44]. - Cash flow from operating activities in Q2 was CNY 57,656,306.54, the highest among the four quarters[23]. - The cash flow from operating activities was impacted by a reduction in cash payments to employees, which decreased to $60.89 million from $71.47 million in 2019[199]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 66,000,000, which represents 53.42% of the net profit attributable to shareholders[4]. - The company will not conduct any other forms of profit distribution, with remaining undistributed profits carried forward to future years[4]. - In 2020, the net profit attributable to ordinary shareholders was approximately 123.55 million RMB, with a dividend payout ratio of 53.42%[86]. Market and Industry Position - The company is a key player in the textile machinery industry, focusing on R&D, production, and sales of various machinery types[29]. - The company is positioned to capitalize on the growing demand for intelligent textile machinery, aligning with industry trends towards technology and sustainability[37]. - The company has established a strong brand presence in the Jiangsu and Zhejiang regions, with its texturing machines recognized as a leading brand in Zhejiang province, contributing to high customer satisfaction and sales volume[36]. Research and Development - R&D expenses totaled ¥32,904,553.69, representing 4.45% of operating revenue, with a decrease of 27.68% compared to the previous year[58]. - The company aims to enhance its product competitiveness by increasing investment in technology research and development and equipment, focusing on smart textile machinery[78]. - The company has implemented a training program to enhance the skills of its R&D personnel through various training methods[153]. Governance and Compliance - The company has a governance structure that includes a general meeting of shareholders, a board of directors, and a supervisory board, ensuring clear responsibilities and effective decision-making[156]. - The audit opinion for the financial statements was unqualified, indicating that the financial reports fairly reflect the company's financial position[168]. - The company has not faced any penalties from securities regulatory authorities in the past three years[150]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 14,941, an increase from 14,163 at the end of the previous month[127]. - The top ten shareholders hold a total of 92,188,100 shares, representing 70.78% of the total shares[129]. - The controlling shareholder is Zhejiang Yuejian Holdings Co., Ltd., established on March 27, 2017, primarily engaged in industrial investment, investment management, and asset management[134]. Risks and Challenges - The company recognizes the risk of customer acquisition due to the cyclical nature of its products, which are specialized equipment with long lifespans[81]. - The company is facing potential risks from changes in tax incentives related to its high-tech enterprise status, which could impact profitability if not maintained[81]. - The company acknowledges the risk of technological advancements by competitors that could affect its market position in the intelligent textile machinery sector[82].