Financial Performance - The company's operating revenue for Q3 2022 was ¥1,285,698,689.14, representing a year-on-year increase of 28.79%[7] - The net profit attributable to shareholders for Q3 2022 was ¥67,951,968.74, a decrease of 33.01% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥57,510,317.56, down 32.52% year-on-year[7] - The net profit attributable to shareholders for the year-to-date period was ¥170,310,038.84, a decrease of 70.15% compared to the same period last year[7] - Total operating revenue for the first three quarters of 2022 was CNY 3,325,984,367.39, a decrease of 4.6% compared to CNY 3,486,595,801.86 in the same period of 2021[27] - Net profit for the third quarter of 2022 was CNY 170,382,763.13, a decline of 70.0% compared to CNY 569,568,239.27 in the same quarter of 2021[30] - The total equity attributable to shareholders was CNY 8,615,368,929.78, a decrease of 0.8% from CNY 8,686,957,163.19 in the previous year[27] Earnings Per Share - The basic earnings per share for Q3 2022 was ¥0.07, a decrease of 36.36% compared to the same period last year[10] - The diluted earnings per share for Q3 2022 was also ¥0.07, down 36.36% year-on-year[10] - Basic earnings per share for the third quarter of 2022 were CNY 0.18, down from CNY 0.59 in the same quarter of 2021[32] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥435,689,267.62, reflecting a significant increase of 295.61%[10] - Operating cash flow from activities generated a net amount of ¥435,689,267.62, an increase from ¥110,129,808.90 in the previous period, reflecting a significant improvement[36] - Cash inflow from operating activities totaled ¥3,869,606,658.33, compared to ¥3,374,780,179.22 in the prior year, indicating a growth of approximately 14.7%[36] - Cash outflow from operating activities was ¥3,433,917,390.71, up from ¥3,264,650,370.32, representing an increase of about 5.2%[36] - Investment cash inflow reached ¥1,674,141,567.75, a substantial rise from ¥797,468,653.91, marking an increase of approximately 109.0%[38] - Net cash flow from investment activities was ¥28,031,901.02, recovering from a negative ¥1,274,724,859.17 in the previous period[38] - Cash inflow from financing activities amounted to ¥753,290,051.93, compared to ¥324,224,000.00, showing an increase of about 132.5%[38] - Net cash flow from financing activities was ¥244,418,500.44, a recovery from a negative cash flow of ¥289,501,306.83 in the prior year[38] - The ending balance of cash and cash equivalents was ¥1,556,506,137.23, down from ¥3,214,505,679.85, indicating a decrease of approximately 51.6%[38] - The company received ¥1,630,000,000.00 from investment recoveries, significantly higher than ¥780,000,000.00 in the previous period, reflecting a growth of about 108.9%[36] - The company paid ¥720,314,111.16 for the acquisition of fixed assets, a notable increase from ¥222,193,513.08, indicating a rise of approximately 224.5%[38] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥12,404,278,392.41, an increase of 9.33% from the end of the previous year[10] - The total assets of the company are ¥12,404,278,392.41, compared to ¥11,345,495,410.18 at the end of 2021[22] - The total current assets are ¥7,860,956,901.46, compared to ¥7,183,233,877.65 in the previous year[22] - The total liabilities increased to CNY 3,785,260,509.86, up 42.5% from CNY 2,654,962,018.51 year-over-year[28] - The company has a short-term loan of ¥1,019,131,371.35, significantly higher than ¥389,871,362.44 in the previous year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,482[16] - The largest shareholder, Fu Mingkang, holds 231,622,755 shares, representing 23.94% of total shares[16] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 155,927,704.07, an increase of 7.5% from CNY 145,486,035.02 in the previous year[27] Non-Recurring Gains - The company reported non-recurring gains of ¥10,441,651.18 for Q3 2022, contributing to the overall financial performance[12]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,040,285,678.25, a decrease of 18.01% compared to the same period last year[23]. - The net profit attributable to shareholders for the first half of 2022 was ¥102,358,070.10, down 78.18% year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥48,001,845.43, a decrease of 89.24% compared to the previous year[23]. - Basic earnings per share for the first half of 2022 were ¥0.11, a decrease of 77.08% year-on-year[24]. - The weighted average return on net assets was 1.17%, down 4.33 percentage points from the previous year[27]. - In the first half of 2022, the company achieved sales of 191,800 tons, a decrease of 17.01% compared to the same period in 2021 due to declining market demand and the impact of the pandemic[64]. - The company reported a net profit of ¥4,595.39 million from its main subsidiary, indicating solid performance in the heavy machinery sector[87]. Cash Flow and Assets - The net cash flow from operating activities increased by ¥455,634,365.49, compared to a negative cash flow of ¥112,283,802.76 in the same period last year[23]. - The total assets as of the end of the reporting period were ¥12,262,934,166.72, reflecting an increase of 8.09% from the end of the previous year[23]. - The net assets attributable to shareholders at the end of the reporting period were ¥8,789,315,233.29, an increase of 1.18% compared to the end of the previous year[23]. - The company's short-term borrowings increased by 80.58% to ¥704,017,806.41, attributed to the reclassification of discounted acceptance bills and new borrowings[78]. - The inventory level rose by 30.29% to ¥911,198,677.16, driven by increased material prices and production output[76]. - The total cash and cash equivalents at the end of the period reached CNY 487,516,457.68, down from CNY 1,396,823,640.98 at the end of the previous year[194]. Production Capacity and Projects - The company has an annual production capacity of 480,000 tons of castings, with the ability to cast large ductile iron parts weighing up to 130 tons[33]. - The company is constructing a key casting project with an annual capacity of 180,000 tons, which began production ramp-up in Q1 2022[33]. - The company has initiated construction of additional casting capacities of 132,000 tons in Ningbo and 100,000 tons in Jiuquan, Gansu[33]. - The company aims to achieve a total precision processing capacity of 220,000 tons by July 2022, enhancing its one-stop delivery capability[33]. - The company is actively expanding its production capabilities and technological reserves to support the growing offshore wind power market[59]. - The company is constructing a production base in Serbia to expand into the European market, with registration processes currently underway[70]. Market Position and Strategy - The company has established a stable customer base and secured a solid market position in the large heavy equipment casting industry[33]. - The company employs an "order-based production" model, ensuring flexibility and responsiveness to customer demands[36]. - The company aims to strengthen its position in the wind power and plastic machinery sectors while expanding into nuclear power and alloy steel applications[49]. - The company is focused on becoming a leading supplier of high-end equipment components and materials in the global high-end equipment industry[49]. - The company has formed stable partnerships with major domestic and international wind turbine manufacturers, enhancing its market position[56]. Research and Development - As of June 30, 2022, the company holds 123 authorized patents, including 50 invention patents, reflecting its strong emphasis on technology research and development[50]. - In the first half of 2022, the company invested CNY 102.55 million in R&D, reinforcing its competitive advantage in product technology development[54]. - The company is focusing on the research and development of ductile iron technology to enhance product performance and explore new growth areas[72]. - The company is leveraging technological innovation to reduce costs and enhance competitiveness in the wind power sector, particularly after the removal of subsidies[45]. Environmental Responsibility - The company has achieved compliance with new emission standards in the casting industry as of December 2020[39]. - The company has maintained its status as a "Green Factory" in Zhejiang Province and a national model enterprise for energy conservation and emission reduction[68]. - The company has committed to reducing carbon emissions through various projects, including energy-saving modifications to air compressor rooms[112]. - The company has engaged third-party qualified institutions to monitor wastewater, exhaust gas, and noise levels, ensuring compliance with legal standards[108]. Shareholder and Governance - The company reported a commitment from major shareholders to not sell shares below the issue price for a period of 24 months after the lock-up period ends[117]. - The company has made a commitment to ensure that its prospectus does not contain any false statements or omissions, with potential buyback obligations if violations are found[118]. - The company’s major shareholders have pledged to not abuse their control position or interfere in management activities, ensuring the protection of company interests[119]. - The company has committed to linking its compensation system to the execution of its performance compensation measures, ensuring accountability[126].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：603218 证券简称：日月股份 日月重工股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人王烨及会计机构负责人（会计主管人员）杜志保证季度报告中 财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是√否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|----------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度 (%) | | 营业收入 | 981,147,025.75 | ...

Financial Performance - The net profit attributable to the parent company for 2021 was ¥667,348,400.24, with the parent company achieving a net profit of ¥225,552,596.06[8]. - The proposed cash dividend is ¥2.5 per 10 shares, totaling ¥241,898,272.25 (including tax), which represents 36.25% of the net profit attributable to shareholders[9]. - The company plans to allocate 10% of the parent company's net profit, amounting to ¥22,555,259.61, to the statutory surplus reserve[8]. - The total distributable profit within the consolidated financial statements is ¥3,061,019,464.48 after adding undistributed profits from previous years[8]. - In 2021, the company's operating revenue was CNY 4,712,078,327.73, a decrease of 7.80% compared to 2020[30]. - The net profit attributable to shareholders was CNY 667,348,400.24, down 31.86% from the previous year[30]. - The net profit after deducting non-recurring gains and losses was CNY 561,869,747.47, a decline of 41.39% year-on-year[30]. - The net cash flow from operating activities increased by 27.56% to CNY 640,402,345.30[30]. - The company's total assets grew by 9.02% to CNY 11,345,495,410.18 at the end of 2021[30]. - The net asset attributable to shareholders increased by 4.69% to CNY 8,686,957,163.19[30]. - Basic earnings per share decreased by 45.24% to CNY 0.69[30]. - The weighted average return on equity fell by 13.61 percentage points to 7.84%[30]. Risk Management - The report includes a risk statement regarding forward-looking statements, indicating potential market condition impacts[10]. - The company has detailed various risks and countermeasures in the report, particularly in the section discussing future development[13]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[11]. - The company has not violated decision-making procedures for providing guarantees[11]. - The company is facing risks from rising raw material prices, which could impact cash flow and profit margins if costs cannot be passed on to customers[115]. Research and Development - The company invested a total of 184.04 million RMB in R&D during the reporting period, resulting in a total of 111 patents, including 47 invention patents[43]. - The company invested 18,403.88 million RMB in R&D in 2021, maintaining a stable investment to enhance its technological advantages[60]. - The number of R&D personnel is 233, accounting for 6.90% of the total workforce[86]. - The company did not capitalize any R&D expenses, maintaining a focus on independent innovation and product development[89]. - The company is committed to the research and development of ductile iron thick-section technology, aiming to enhance product performance to the level of forged shafts and expand into new markets such as nuclear waste storage[110]. Production and Capacity - The company maintained a production capacity utilization rate at a relatively high level, with total sales of 444,400 tons and production of 442,900 tons in 2021[43]. - The company plans to increase its casting capacity to over 600,000 tons with the construction of a new project that will add 132,000 tons of capacity[43]. - The company has an annual casting capacity of 480,000 tons and has completed the construction of a 100,000-ton precision machining project, with a 120,000-ton marine equipment key casting precision machining project expected to be completed by Q2 2022, leading to a total precision machining capacity of 220,000 tons[53]. - The company has established a stable customer base and is recognized as one of the top 300 key enterprises in China's casting industry, as well as being ranked among the top 100 comprehensive enterprises in the industry[53]. - The company is focusing on expanding its international market presence and adjusting its product structure to align with the trend of larger wind power equipment[111]. Environmental Compliance - The company reported a total discharge of 825 kg COD, 91.65 kg ammonia nitrogen, and 600 kg suspended solids from wastewater, adhering to the first-level discharge standards[174]. - The company’s total emissions of SO2 and NOX were reported at 31.67 tons and 3.16 tons respectively, with no exceedances noted[174]. - The company has established a wastewater treatment facility that meets the first-level discharge standards as per GB8978-1996[178]. - The company has conducted environmental monitoring for wastewater, waste gas, and noise at its facilities, with all pollutants meeting legal discharge standards[183]. - The company has implemented several projects to reduce carbon emissions, including a solar photovoltaic system expected to save approximately 5.13 million kWh annually[188]. Corporate Governance - The company held one annual general meeting during the reporting period, ensuring compliance with legal requirements and protecting the rights of all shareholders[124]. - The board of directors convened six times during the reporting period, with all members fulfilling their duties diligently and in accordance with regulations[123]. - The company maintained independence from its controlling shareholder in personnel, assets, finance, organization, and business aspects[123]. - The company has established a robust internal control system and improved information disclosure practices to enhance transparency[123]. - The company’s governance structure aligns with the requirements of the Company Law and relevant regulations, with no significant discrepancies noted[123]. Employee Management - The total number of employees in the parent company is 752, while the total number of employees in major subsidiaries is 2,627, resulting in a combined total of 3,379 employees[150]. - The employee composition includes 2,628 production personnel, 46 sales personnel, 233 technical personnel, 38 financial personnel, and 434 administrative personnel[150]. - The company aims to enhance its compensation system to align with market standards and improve employee motivation and retention[153]. - The company has established a comprehensive training system to support employee development across various skills and competencies[154]. - The company will regularly revise employee salary guidelines to maintain competitiveness and fairness internally[153]. Market Trends - The wind power industry is expected to see an average annual new installed capacity of over 50 GW during the 14th Five-Year Plan period, with a cumulative installed capacity target of at least 800 million kW by 2030[104]. - The injection molding machine market is recovering strongly post-pandemic, with significant demand driven by the automotive and home appliance sectors[107]. - The overall trend in the injection molding machine industry is positive, with growth driven by increased demand for plastic products across various sectors[107]. - The company is strategically shifting production capacity towards injection molding products in response to strong market demand[43]. Financial Management - The company has established measures to ensure that executive compensation is linked to the execution of return measures[200]. - The company has committed to not engaging in any competitive activities that may conflict with its business operations, ensuring protection of shareholder interests[194]. - The company has made commitments to ensure that the prospectus for its initial public offering does not contain false records or misleading statements[197]. - The company will not misuse its controlling position to interfere with management activities or infringe on company interests[200].

Group 1: Event Details - The event is organized to enhance investor relations and communication among listed companies in Ningbo [2] - Scheduled for November 18, 2021, from 15:00 to 17:00 [2] - The online platform for participation is https://rs.p5w.net/ [2] Group 2: Company Participation - Senior executives from the company will participate in the event [2] - The format will be "one-to-many" online communication addressing governance, development strategy, operational status, and sustainable development [2] - Investors are encouraged to actively participate in the event [2] Group 3: Accountability - The board of directors guarantees the announcement's content is free from false records, misleading statements, or significant omissions [2] - The board assumes individual and joint responsibility for the accuracy and completeness of the content [2]

Financial Performance - The company's operating revenue for Q3 2021 was ¥998,276,548.05, a decrease of 33.39% compared to the same period last year[7] - Net profit attributable to shareholders was ¥101,428,549.87, down 65.48% year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥85,228,853.18, reflecting a decline of 70.59% compared to the previous year[7] - The basic earnings per share for the quarter was ¥0.11, a decrease of 70.27% year-on-year[10] - Total operating revenue for the first three quarters of 2021 was CNY 3,486,595,801.86, a decrease of 6.6% compared to CNY 3,733,606,834.24 in the same period of 2020[26] - Net profit for the first three quarters of 2021 was CNY 569,568,239.27, a decrease of 18.8% from CNY 701,546,978.67 in the same period of 2020[33] - Basic earnings per share for the first three quarters of 2021 was CNY 0.59, down from CNY 0.92 in 2020[35] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥10,492,573,346.01, representing a slight increase of 0.82% from the end of the previous year[10] - The total assets of the company as of September 30, 2021, are ¥10,492,573,346.01, compared to ¥10,406,840,080.51 at the end of 2020[24] - The company's total current assets as of September 30, 2021, amount to ¥8,229,966,738.09, slightly down from ¥8,294,122,062.82 at the end of 2020[21] - Total liabilities as of September 30, 2021, are ¥1,816,934,251.99, down from ¥2,043,492,990.07 at the end of 2020[24] - The total liabilities amounted to CNY 1,917,050,702.34, a decrease from CNY 2,107,973,417.99 in the previous year, indicating improved financial stability[26] - The total liabilities were $2,043,492,990.07, remaining stable compared to the previous year[44] Cash Flow - Cash flow from operating activities for the year-to-date was ¥110,129,808.90, down 79.31% compared to the same period last year[10] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 3,374,780,179.22, compared to CNY 3,590,259,326.16 in 2020, indicating a decline in cash generation[35] - The net cash flow from operating activities was $110,129,808.90, a decrease of 79.3% compared to $532,318,988.21 in the previous year[39] - Total cash outflow from investing activities reached $2,072,193,513.08, an increase of 63.3% from $1,269,245,839.51 year-over-year[39] - The net cash flow from investing activities was -$1,274,724,859.17, worsening from -$642,585,216.11 in the same quarter last year[39] - Cash inflow from financing activities was $324,224,000.00, compared to $100,000,000.00 in the same quarter last year[39] - The net cash flow from financing activities was -$289,501,306.83, compared to -$164,472,821.54 in the previous year, indicating increased cash outflows[39] Shareholder Information - Total number of common shareholders at the end of the reporting period is 36,998[15] - The largest shareholder, Fu Mingkang, holds 231,622,755 shares, accounting for 23.94% of total shares[15] - The total equity attributable to shareholders of the parent company increased to CNY 8,571,583,563.63 from CNY 8,298,089,493.00, reflecting a growth in shareholder value[26] - Total equity attributable to shareholders reached approximately $8.30 billion, remaining unchanged from the previous period[47] Expenses - Research and development expenses increased by 11.93%, primarily due to new product development[12] - The company reported a significant increase in sales expenses by 38.40%, attributed to higher packaging costs for self-processed products[12] - The company reported a financial expense of CNY -83,020,409.35, compared to CNY -16,525,420.59 in the previous year, indicating a significant increase in financial costs[29] - Research and development expenses increased to CNY 145,486,035.02 in the first three quarters of 2021, up from CNY 129,982,451.86 in 2020, highlighting a focus on innovation[29] Other Information - The company has not disclosed any new product or technology developments in the current report[18] - There are no significant mergers or acquisitions reported during the period[18] - Deferred income increased to CNY 99,091,318.21 from CNY 64,480,427.92, suggesting a rise in future revenue recognition[26] - Deferred revenue was reported at approximately $64.48 million, consistent with the previous period[47] - The company has adopted new leasing standards since January 1, 2021, adjusting the initial retained earnings and related financial statement items accordingly[47]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,488,319,253.81, representing an increase of 11.34% compared to ¥2,234,982,614.49 in the same period last year [23]. - The net profit attributable to shareholders of the listed company was ¥469,201,778.88, up 15.04% from ¥407,860,864.11 in the previous year [23]. - The net profit after deducting non-recurring gains and losses was ¥446,108,475.59, which is an increase of 11.56% compared to ¥399,880,013.56 in the same period last year [23]. - Basic earnings per share for the first half of 2021 were ¥0.48, down 12.73% from ¥0.55 in the same period last year [23]. - The weighted average return on net assets was 5.50%, a decrease of 5.38% compared to 10.88% in the previous year [23]. - The company achieved an operating revenue of 248,831.93 million yuan in the first half of 2021, representing an increase of 11.34% year-on-year [56]. - The net profit attributable to shareholders reached 46,920.18 million yuan, marking a 15.04% increase compared to the previous year [56]. - The total operating revenue for the first half of 2021 reached ¥2,488,319,253.81, an increase of 11.3% compared to ¥2,234,982,614.49 in the same period of 2020 [171]. - The total operating costs for the first half of 2021 were ¥1,960,949,248.83, up from ¥1,766,138,881.12 in the first half of 2020, reflecting a growth of 11.0% [171]. - Net profit for the first half of 2021 was ¥468,525,737.91, representing a 14.8% increase from ¥407,759,092.61 in the same period of 2020 [175]. Cash Flow and Assets - The net cash flow from operating activities was -¥112,283,802.76, a decrease of 124.92% compared to ¥450,590,917.52 in the previous year [23]. - Cash and cash equivalents decreased to CNY 3,389,250,172.30 from CNY 4,710,676,934.78, representing a decline of about 28.14% [160]. - The company reported a decrease in the number of shares held by key executives, with Zhang Jianzhong reducing his holdings by 145,700 shares, and Yu Hongkang reducing by 72,900 shares during the reporting period [151]. - The total cash inflow from investment activities was CNY 286,307,475.83, down from CNY 392,223,883.68 in the same period last year, indicating a decrease of 27% [187]. - The cash outflow from investment activities was CNY 1,478,915,320.41, significantly higher than CNY 932,040,865.26 in the first half of 2020, representing an increase of 58.5% [187]. - The total current assets as of June 30, 2021, amounted to CNY 8,474,118,408.48, an increase from CNY 8,294,122,062.82 at the end of 2020, reflecting a growth of approximately 2.17% [160]. - Total assets increased to ¥10,649,336,618.47, up from ¥10,406,840,080.51, representing a growth of approximately 2.3% year-over-year [165]. - The company reported a significant increase in undistributed profits to ¥3,195,061,385.61 from ¥2,725,859,606.73, a rise of about 17.2% [165]. Research and Development - R&D expenses grew by 37.59% year-on-year as the company actively pursued product development and technological innovation, including small batch shipments in the alloy steel sector and progress in nuclear waste storage tank testing [26]. - The company invested 10,832.22 million yuan in research and development during the reporting period, focusing on core technologies for ductile iron products [56]. - Research and development expenses increased to ¥108,322,196.38 in the first half of 2021, up from ¥78,726,089.58 in the same period of 2020, marking a rise of 37.5% [171]. - The company has authorized 101 patents, including 48 invention patents, demonstrating a strong focus on technology research and development [44]. Production Capacity and Operations - The company has established a production capacity of 400,000 tons of castings annually, with ongoing projects expected to increase this to 480,000 tons by the end of 2021 [31]. - The company is expanding its product line with the establishment of Ningbo Riyue Precision Manufacturing Co., focusing on high-end alloy steel products, enhancing profit points [34]. - The company plans to achieve an annual production capacity of 220,000 tons for large precision castings by the end of 2021 [35]. - The company has completed the construction of a 100,000-ton precision processing project, which is now in operation [45]. - The company is actively converting production capacity towards injection molding products in response to strong market demand, while maintaining stable production of wind power products [52]. Market and Industry Outlook - The wind power industry is expected to see stable growth in new installed capacity, driven by national policies supporting renewable energy [39]. - The company is positioned to benefit from the increasing demand in the plastic machinery sector, particularly due to the recovery of the automotive industry [42]. - The company is focused on becoming a leading supplier in the high-end equipment industry, particularly in the fields of new energy and general machinery [43]. - The company has developed a diverse product system covering multiple industries, including wind power, plastic machinery, and nuclear power, to mitigate risks from single industry demand fluctuations [52]. Risks and Compliance - The company has detailed various risks and countermeasures in the report, urging investors to pay attention to investment risks [9]. - The company faces risks from rising raw material prices, which could lead to decreased gross margins if costs cannot be passed on to customers [79]. - The company has received national-level certifications for safety and environmental standards, but still faces risks related to safety production and environmental incidents [79]. - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental protection bureau [96]. - The company has implemented measures to reduce waste and improve environmental performance, including a self-built wastewater treatment facility [94]. Shareholder and Governance - The company has a total of 1,346,100 restricted stocks that were released from restrictions on July 19, 2021, as part of its employee incentive plan [86]. - The controlling shareholders and senior management pledged to ensure that the company's prospectus does not contain false records or misleading statements, with a commitment to compensate investors for any losses incurred due to violations [113]. - The company will ensure that any future stock incentive plans will be linked to the execution of return measures [115]. - The company has no significant changes in shareholding structure during the reporting period [137]. - The total number of shares outstanding is 967,604,009, with 85.42% being unrestricted circulating shares [139].

Financial Performance - The net profit attributable to the parent company for 2020 was ¥979,377,269.23, with the parent company achieving a net profit of ¥337,430,247.36[7]. - The proposed cash dividend is ¥3.20 per 10 shares (including tax), totaling ¥309,633,282.88, which represents 31.62% of the net profit attributable to shareholders of the listed company[8]. - The company plans to allocate 10% of the parent company's net profit, amounting to ¥33,743,024.74, to the statutory surplus reserve[7]. - The total distributable profit for 2020, after adding undistributed profits from previous years, is ¥2,725,859,606.73[7]. - The net profit attributable to shareholders increased by 94.11% year-on-year to ¥979,377,269.23, driven by a 46.61% increase in sales revenue and an improved product mix[33]. - The basic earnings per share rose by 82.61% to ¥1.26, reflecting the significant increase in net profit[37]. - The company's total assets grew by 57.98% to ¥10,406,840,080.51, mainly due to the increase in retained earnings from net profit and successful fundraising from a private placement[37]. - The cash flow from operating activities decreased by 40.76% year-on-year, primarily due to rising material costs and a shift to cash payments for iron purchases[34]. - The gross profit margin improved, with total gross profit increasing by ¥575,629,060, a year-on-year increase of 66.02%[33]. - The company reported a total profit of CNY 20,754,380.71, with a tax impact of CNY -3,756,625.41 for the reporting period[44]. Production and Capacity - In 2020, the company's operating revenue increased by 46.61% year-on-year, reaching ¥5,110,598,276.22, primarily due to the full release of production capacity from the 180,000-ton marine key casting project[31]. - The company has established an annual production capacity of 400,000 tons of castings, with a maximum casting capability of 130 tons for large ductile iron castings[47]. - The company is constructing a key casting project for marine equipment with an annual capacity of 180,000 tons, expected to be completed and trial production by Q3 2021, increasing total capacity to 480,000 tons[47]. - The company has initiated a project for precision machining of large castings with an annual capacity of 100,000 tons, which has begun full production[47]. - The company aims to achieve a self-owned precision machining capacity of 220,000 tons by 2021, addressing the industry's trend towards larger products[50]. - The company is expanding its production capabilities with a new 220,000-ton precision processing project initiated in late 2020, aimed at enhancing operational efficiency[60]. - The company plans to achieve a total production capacity of 480,000 tons for casting and 440,000 tons for precision processing after completing ongoing projects[75]. Research and Development - The company invested 199.70 million yuan in R&D in 2020, reinforcing its comparative advantage in product technology development[61]. - The company holds 108 authorized patents as of December 31, 2020, including 48 invention patents, demonstrating a strong focus on technological innovation[59]. - Research and development expenses rose by 47.65% to CNY 199.70 million, focusing on new product development and technology advancements[87]. - The company is committed to the research and application of ductile iron technology, aiming to improve product performance and expand into new markets such as nuclear waste storage[138]. - The company is focused on continuous research and development to protect intellectual property and meet customer demands in the wind power industry[140]. Market and Sales - The company’s sales model is based on a one-to-one approach, facilitating better customer resource management and technical communication[51]. - In 2020, the company's wind power business achieved sales revenue of 445.46 million yuan, an increase of 55.93% compared to 285.68 million yuan in 2019[55]. - The company delivered over 50,000 tons of offshore wind power castings in 2020, a significant increase from 13,600 tons in 2019[70]. - The company is positioned to benefit from the growth of the wind power industry, which saw a 105% year-on-year increase in onshore wind power installations in China in 2020[55]. - The company has established a stable and close partnership with numerous domestic and international wind turbine customers, enhancing its market position[70]. - Domestic sales revenue increased by 54.02%, while export sales remained stable due to the impact of the pandemic on international deliveries[95]. Financial Management - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[11]. - There are no violations of decision-making procedures regarding external guarantees[13]. - The company has implemented a comprehensive assessment system covering safety, environmental protection, production efficiency, and cost control, linking performance directly to employee incentives[78]. - The company’s net cash flow from financing activities surged by 141.80% to 2,630,723,124.59 yuan, primarily due to the completion of a private stock issuance[107]. - The company’s total assets reached approximately ¥10.4 billion, with significant contributions from fixed assets and cash reserves[112]. Dividend Policy - The company has a cash dividend policy that mandates at least 10% of distributable profits to be allocated for dividends, with higher percentages based on development stage and capital expenditure needs[161]. - The company has established a three-year dividend return plan (2019-2021), committing to distribute cash dividends of no less than 10% of the distributable profits each year after reserving statutory and surplus reserves[166]. - The board anticipates significant growth in operating and profit scale over the next three years, driven by a strong recovery in the domestic wind power industry and the implementation of the "two seas strategy" for overseas and offshore wind power markets[167][170]. - The company committed to maintaining the continuity and stability of its profit distribution policy to protect shareholder rights and ensure sustainable development[170]. Compliance and Governance - The company has received a standard unqualified audit report from Lixin Accounting Firm[5]. - The company has not proposed any ordinary share cash profit distribution plan during the reporting period despite having positive distributable profits, which is not applicable in this case[174]. - The controlling shareholders promised not to abuse their positions or interfere in the company's management, committing to uphold company interests[186]. - The company has committed to linking future equity incentive plans to the execution of return measures, ensuring alignment with company performance[188]. - The company has accepted suggestions and supervision from all shareholders, independent directors, supervisors, and public investors regarding its dividend distribution[166]. Accounting Changes - The company announced a change in accounting policy to adopt a new revenue recognition standard, transitioning from risk and reward transfer to control transfer as the basis for revenue recognition[192]. - The new revenue recognition model integrates previous standards into a unified approach, providing clearer guidance for accounting treatment of multi-element arrangements[193]. - The cumulative impact of the new revenue standard only adjusts the beginning retained earnings and related financial statement items for the year of initial application, without affecting comparative period information[199].

Financial Performance - Operating revenue rose by 50.71% to CNY 832,843,404.14 year-on-year, primarily due to increased sales volume[11] - Net profit attributable to shareholders increased by 108.88% to CNY 130,426,634.84, driven by expanded sales scale and optimized product structure[11] - Basic earnings per share rose by 55.56% to CNY 0.18, while diluted earnings per share increased by 52.94% to CNY 0.17[11] - The company reported a significant increase in net profit due to effective cost control and enhanced product profitability[14] - The company reported a net cash outflow from operating activities of RMB -129,828,580.60, a 146.06% decrease compared to the previous year[25] - Net profit for Q1 2021 was ¥272,141,361.04, compared to ¥130,376,411.94 in Q1 2020, representing a growth of 108.3%[48] - Earnings per share for Q1 2021 were ¥0.28, an increase from ¥0.18 in Q1 2020[48] Assets and Liabilities - Total assets increased by 1.32% to CNY 10,406,840,080.51 compared to the end of the previous year[11] - Total assets increased to ¥10,544,415,599.12 from ¥10,406,840,080.51, representing a growth of approximately 1.3%[36] - Non-current assets totaled ¥2,145,699,416.86, up from ¥2,112,718,017.69, indicating an increase of about 1.6%[36] - Current liabilities decreased to ¥1,904,692,405.47 from ¥2,043,492,990.07, a reduction of approximately 6.8%[36] - Total liabilities decreased to ¥1,967,372,430.15 from ¥2,107,973,417.99, reflecting a decline of around 6.7%[36] - Shareholders' equity increased to ¥8,577,043,168.97 from ¥8,298,866,662.52, showing an increase of about 3.4%[36] - The company experienced a significant increase in minority interests, which rose by 505.12% to RMB 4,702,773.17 due to capital increases in its subsidiaries[25] Cash Flow - Net cash flow from operating activities decreased by 146.06% to CNY 281,856,041.66, attributed to increased cash payments for raw materials[11] - Cash and cash equivalents decreased by 27.48% to RMB 3,416,059,504.91, mainly due to increased purchases of fixed-income financial products[23] - Cash inflow from operating activities totaled 390,890,032.94 RMB in Q1 2021, a decrease of approximately 7.4% from 422,120,502.53 RMB in Q1 2020[60] - Cash outflow from operating activities increased to 472,444,902.76 RMB in Q1 2021, compared to 390,822,116.38 RMB in Q1 2020, reflecting higher operational costs[60] - The total cash and cash equivalents decreased by 101,132,145.46 RMB in Q1 2021, compared to a decrease of 830,029,481.52 RMB in Q1 2020, showing improved cash management[62] Research and Development - Research and development expenses rose by 66.57% to RMB 50,104,760.07, driven by increased investment in new products and technologies[25] - Research and development expenses in Q1 2021 amounted to ¥50,104,760.07, up 66.6% from ¥30,080,843.36 in Q1 2020[46] Future Outlook - The company plans to continue leveraging its industry-leading financial position to manage supplier payment pressures[14] - The company expects to continue focusing on market expansion and new product development in the upcoming quarters[24]

Financial Performance - Operating income for the first nine months reached CNY 3,733,606,834.24, a 52.93% increase year-on-year[18]. - Net profit attributable to shareholders increased by 103.66% to CNY 701,699,425.24 compared to the same period last year[18]. - Basic earnings per share rose by 100.00% to CNY 0.92[20]. - The company's revenue for the current period reached ¥373,360.68 million, a 52.93% increase compared to ¥244,136.66 million in the previous period, primarily due to a significant increase in sales volume in the wind power industry and an optimized product structure leading to higher average prices[29]. - Total operating revenue for Q3 2020 reached ¥1,498,624,219.75, a 65.5% increase from ¥904,819,992.79 in Q3 2019[57]. - Net profit for Q3 2020 was ¥293,787,886.06, compared to ¥129,854,149.67 in Q3 2019, reflecting a growth of 126.3%[60]. - The total comprehensive income attributable to the parent company's owners for the third quarter of 2020 was 293,838,561.13 CNY, compared to 129,854,149.67 CNY in the same quarter of 2019, reflecting a growth of approximately 126.5%[65]. Assets and Liabilities - Total assets increased by 14.05% to CNY 7,513,111,882.59 compared to the end of the previous year[18]. - The net value of fixed assets reached ¥144,835.77 million, a 29.49% increase from ¥111,853.24 million, primarily due to the transfer of construction projects to fixed assets[31]. - The company's total liabilities decreased to RMB 2.33 billion as of September 30, 2020, compared to RMB 3.04 billion at the end of 2019[47]. - Total liabilities amounted to ¥3,044,681,266.07, with current liabilities at ¥1,921,651,722.18[89]. - The company's equity attributable to shareholders was ¥3,541,977,382.07, reflecting a stable capital structure[89]. Cash Flow - Net cash flow from operating activities increased by 56.55% to CNY 532,318,988.21 for the first nine months[18]. - Cash inflows from operating activities amounted to CNY 3,590,259,326.16, up from CNY 1,796,312,106.04 year-over-year, indicating strong operational performance[77]. - The net cash flow from investing activities was -CNY 642,585,216.11, worsening from -CNY 458,516,381.30 year-over-year, reflecting higher capital expenditures[77]. - The company's cash and cash equivalents decreased to RMB 1.99 billion as of September 30, 2020, from RMB 2.27 billion at the end of 2019[41]. - The total cash and cash equivalents at the end of the period amounted to ¥904,747,115.69, down from ¥1,826,262,062.36 at the beginning of the period[82]. Shareholder Information - The total number of shareholders reached 19,627 by the end of the reporting period[22]. - The top three shareholders hold a combined 55.67% of the shares, indicating significant ownership concentration[22]. - The company’s net profit increased, leading to retained earnings of ¥248,192.48 million, a 27.96% increase from ¥193,961.05 million[31]. Research and Development - Research and development expenses rose to ¥12,998.25 million, a 36.92% increase from ¥9,493.03 million, attributed to increased product reserves and new product development[29]. - Research and development expenses for Q3 2020 were ¥51,256,362.28, up from ¥38,196,352.49 in Q3 2019, highlighting a focus on innovation[57]. - The company is focusing on market expansion and new product development as part of its growth strategy[96]. Strategic Initiatives - The company has been focusing on improving management and controlling production costs, leading to enhanced profitability[36]. - The company plans to accelerate technological upgrades to meet the growing demand for large-scale products[36]. - The company has successfully implemented its "Two Seas Strategy" to capitalize on industry growth opportunities[36]. - The company is actively exploring mergers and acquisitions to enhance its market position and operational capabilities[96].