证券代码：603278 证券简称：大业股份 公告编号：2023-064 转债代码：113535 转债简称：大业转债 山东大业股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： （网址：http://roadshow.sseinfo.com/） 山东大业股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布公 司 2022 年度报告报告，为便于广大投资者更全面深入地了解公司 2022 年度报告 经营成果、财务状况，公司计划于 2023 年 6 月 20 日上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度报告的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 会议召 ...

2023 年第一季度报告（更正后） 转债代码：113535 转债简称：大业转债 证券代码：603278 证券简称：大业股份 山东大业股份有限公司 2023 年第一季度报告（更正后） 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及会计机构负责人（会计主管人员）保证季度报告中财务信息 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 单位：元 币种：人民币 | 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 | | 1,265,768,514.11 | | 9.72 | | 归属于上市公司股东的净利润 | | 33,512,353.46 | | 不 ...

Financial Performance - In 2022, the company reported a net profit of -270,460,504.43 CNY, with a net profit attributable to shareholders of -255,236,476.41 CNY, indicating a significant decline compared to the previous year[5]. - The company's total revenue for 2022 was 5,213,029,940.77 CNY, representing a year-over-year increase of 2.48% from 5,086,837,939.49 CNY in 2021[24]. - The basic earnings per share for 2022 was -0.88 CNY, a decrease of 220.55% compared to 0.73 CNY in 2021[25]. - The weighted average return on equity decreased to -15.77% in 2022 from 11.28% in 2021, reflecting a significant drop of 27.05 percentage points[25]. - The company's total assets as of the end of 2022 were 7,202,300,403.06 CNY, down 8.66% from 7,884,981,221.96 CNY at the end of 2021[24]. - The net profit for 2022 was CNY -255,236,476.41, marking a decline of 221.03% compared to the previous year[33]. - The net cash flow from operating activities for 2022 was -100,411,469.40 CNY, a decline of 147.15% compared to 212,958,582.93 CNY in 2021[24]. - The company's net assets attributable to shareholders decreased by 12.21% to 1,708,375,426.65 CNY at the end of 2022 from 1,945,954,928.46 CNY at the end of 2021[24]. Operational Highlights - The company achieved a significant technological advancement with the "Key Technology Research and Application of Digital Manufacturing of Steel Cord," recognized as domestically leading and internationally advanced[36]. - The company launched 8 R&D projects in 2022 and applied for 34 new patents, including 25 invention patents[33]. - The company exported goods worth CNY 1,290,489,443.61, which is an increase of 28.44% year-on-year[33]. - The total sales volume of various steel wires reached 700,400 tons, up by 7.78% from last year[33]. - The production of tire cord steel wire in 2022 was 903,400 tons, a decrease of 12.87%, while exports increased by 7.58% to 145,300 tons[38]. - The production of steel wire for tires reached 2.523 million tons in 2022, a decline of 7.35%, but exports grew by 10.63% to 643,600 tons[42]. Strategic Initiatives - The company is implementing a dual-brand strategy with "Daye" and "Shengtong" to enhance resource integration and competitive advantage[34]. - The company has established subsidiaries in the USA and Germany to expand its international market presence[34]. - The company is collaborating with Inspur Group to build an industrial internet platform and enhance its digital transformation[35]. - The company plans to continue driving marketing and technological innovation to enhance product upgrades and sustainable development[52]. - The company aims to enhance product performance through new technologies and develop new products to gain competitive advantages and expand market share[87]. Environmental and Social Responsibility - The company invested approximately 26.39 million RMB in environmental protection during the reporting period[137]. - The company’s pollution control facilities operated normally, ensuring compliance with relevant environmental standards for wastewater and air emissions[142]. - The company has implemented carbon reduction measures, successfully reducing CO2 equivalent emissions by 27,594 tons[148]. - The company installed a 77 MW solar photovoltaic system, generating approximately 79,655,956.80 kWh in 2022, which accounted for about 9.97% of the company's total annual electricity consumption[148]. Governance and Management - The company adheres to legal and regulatory requirements for corporate governance, ensuring the protection of investor rights, especially for minority shareholders[99]. - The board of directors operates independently, ensuring that all major decisions are made with due diligence and in the best interest of all shareholders[99]. - The company has established a comprehensive information disclosure system, ensuring that all shareholders have equal access to relevant information[101]. - The company emphasizes investor relations management, actively communicating with shareholders and addressing their concerns to maintain a positive market image[101]. - The company has a structured approach to ensure the remuneration is competitive externally and fair internally[112]. Human Resources - The total number of employees in the parent company is 2,929, and in major subsidiaries, it is 1,710, resulting in a total of 4,639 employees[124]. - The workforce composition includes 3,598 production personnel, 64 sales personnel, 662 technical personnel, 59 financial personnel, and 256 administrative personnel[125]. - The company has implemented a training program aimed at enhancing employee skills and aligning with business strategy, focusing on management and production system training[127]. - The company aims to foster a culture of continuous learning and training among employees to improve overall performance and engagement[127]. Financial Management - The company plans to conduct a private placement of A-shares in 2022, with a focus on raising funds for future projects[114]. - The company plans to utilize temporarily idle funds for cash management to optimize financial performance[114]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for shareholders during the reporting period[129]. - The company has initiated a stock repurchase plan for unvested restricted stock due to 12 incentive targets no longer meeting the criteria, involving a total of 62,000 shares at a repurchase price of 4.17 yuan per share[129].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,265,768,514.11, representing a year-on-year increase of 9.72%[5] - The net profit attributable to shareholders was CNY 33,512,353.46, while the net profit after deducting non-recurring gains and losses was CNY -9,692,267.94[5] - The net cash flow from operating activities was CNY 192,830,723.66, reflecting a 2.52% increase compared to the previous year[5] - Total operating revenue for Q1 2023 reached ¥1,265,768,514.11, an increase of 9.7% compared to ¥1,153,669,809.02 in Q1 2022[18] - Net profit for Q1 2023 was ¥39,581,426.15, a significant recovery from a net loss of ¥76,788,057.60 in Q1 2022[20] - Shareholders' equity increased to ¥2,091,521,356.10 in Q1 2023, compared to ¥2,050,844,608.11 in Q1 2022, marking a growth of about 2%[19] - Basic and diluted earnings per share for Q1 2023 were both ¥0.12, recovering from a loss of ¥0.26 per share in Q1 2022[20] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 7,037,112,294.63, a decrease of 2.12% from the end of the previous year[6] - The equity attributable to shareholders increased by 22.43% to CNY 1,742,983,101.95 compared to the end of the previous year[6] - Total liabilities decreased to ¥4,945,590,938.53 in Q1 2023 from ¥5,151,455,794.96 in Q1 2022, indicating a reduction of approximately 4%[19] - Total assets of the company were reported at ¥7,037,112,294.63 in Q1 2023, down from ¥7,202,300,403.07 in Q1 2022, reflecting a decrease of approximately 2.3%[19] - Total liabilities decreased to ¥3,693,959,312.19 from ¥3,883,368,576.43, reflecting a reduction of approximately 4.9%[16] Cash Flow - The company's cash and cash equivalents as of March 31, 2023, amount to ¥808,419,230.10, down from ¥933,136,470.90 at the end of 2022, reflecting a decrease of approximately 13.4%[15] - In Q1 2023, the cash inflow from operating activities was CNY 1,348,972,722.15, a decrease of 5.2% compared to CNY 1,422,251,543.89 in Q1 2022[22] - The net cash flow from operating activities increased significantly to CNY 192,830,723.66, compared to CNY 54,742,377.84 in the same period last year, marking a growth of 252.5%[22] - The ending cash and cash equivalents balance was CNY 108,310,814.30, up from CNY 81,051,430.80 at the end of Q1 2022[23] - The cash received from sales of goods and services was CNY 1,060,405,099.78, down from CNY 1,391,974,502.15 in the same quarter last year, reflecting a decrease of 23.8%[22] Expenses - Research and development expenses increased by 13.79%, reflecting the company's commitment to innovation[9] - The company experienced a 34.39% rise in financial expenses, primarily due to increased interest and discount expenses[9] - Total operating costs for Q1 2023 were ¥1,286,526,602.86, up from ¥1,253,876,985.48 in Q1 2022, reflecting a year-over-year increase of 2.6%[18] - The company's financial expenses increased to ¥49,635,608.05 in Q1 2023, compared to ¥36,933,291.98 in Q1 2022, indicating a rise of about 34.3%[19] Other Income and Investments - The company reported a substantial increase of 186.59% in other income, largely attributed to increased government subsidies[9] - The company reported a significant increase in other income, which rose to ¥48,241,221.14 in Q1 2023 from ¥16,833,111.99 in Q1 2022[19] - The net cash flow from investing activities decreased by 103.91%, mainly due to a reduction in the recovery of financial products[9] - The net cash flow from investing activities was negative at CNY -538,279.96, a decline from CNY 13,774,952.32 in Q1 2022[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,285[12] - The top shareholder, Dou Yong, holds 111,384,000 shares, representing 38.43% of the total shares, with 68,496,779 shares pledged[12]

Financial Performance - In 2021, the company achieved a net profit of CNY 210,882,370.79, representing a 105.69% increase compared to CNY 102,526,540.95 in 2020[4]. - The operating revenue for 2021 was CNY 5,086,837,939.49, a 65.50% increase from CNY 3,073,687,238.21 in 2020[23]. - The net cash flow from operating activities was CNY 212,958,582.93, recovering from a negative cash flow of CNY -185,491,203.66 in 2020[23]. - The total assets at the end of 2021 amounted to CNY 7,884,981,221.96, reflecting a 48.85% increase from CNY 5,297,414,008.63 at the end of 2020[23]. - The company's net assets attributable to shareholders reached CNY 1,945,954,928.46, a 10.50% increase from CNY 1,761,045,264.21 in 2020[23]. - Basic earnings per share for 2021 were CNY 0.73, up 108.57% from CNY 0.35 in 2020[24]. - The company reported a decrease of 40.41% in net profit after deducting non-recurring gains and losses, amounting to CNY 46,251,879.06 in 2021[23]. - Operating costs increased to CNY 4,721,889,066.68, reflecting a rise of 69.39% year-on-year, driven by higher raw material and energy prices[53]. - The gross profit margin decreased, with the overall gross profit margin for the main business at 6.97%, down 2.00 percentage points from the previous year[58]. Production and Sales - In 2021, the company achieved a sales revenue of 5.086 billion RMB, a year-on-year increase of 65.5%[30]. - The company produced 672,000 tons of various steel wires, up 39.35% from the previous year, and sold 649,800 tons, an increase of 33.64%[30]. - The production of tire cord steel wire was 350,900 tons, a growth of 19.08%, while sales reached 347,200 tons, up 16.94%[30]. - In 2021, the company achieved a production volume of 1.0358 million tons of tire cord steel, representing a year-on-year increase of 10.80%, with an export volume of 135,100 tons, up 17.23%[34]. - The company completed the acquisition and integration of Shengtong Steel Cord, launching a dual-brand operation model with "Daye" and "Shengtong," enhancing market influence and competitive advantage[32]. Market and Industry Trends - The steel cord industry in China reached a production volume of 2.7332 million tons in 2021, a year-on-year growth of 10.80%, with exports increasing by 46.22% to 581,800 tons[38]. - The overall output of rubber skeleton materials in China reached a historical high of 4.7334 million tons in 2021, with a 12.56% increase, and exports rose by 29.79% to 1.379 million tons[33]. - The domestic market for tire cord steel has become a major supplier for the world's top 20 tire manufacturers, with foreign brand market share declining[35]. - The tire cord steel wire industry in China is expected to maintain steady growth, with increasing production capacity and market opportunities[90]. - International competition in the tire cord steel wire market is intensifying, with foreign companies establishing operations in China to capitalize on lower manufacturing costs[92]. Innovation and Technology - The company was recognized as a smart manufacturing benchmark enterprise by the Shandong Provincial Department of Industry and Information Technology[31]. - The company's technology center was recognized as a national enterprise technology center in 2021[31]. - The company is focusing on high-performance tire cord steel, with a significant technological advancement in ultra-high strength products, filling a gap in the industry[34]. - The company aims to enhance its competitive position in the rubber skeleton materials industry through strategic acquisitions and operational improvements[32]. - The company has implemented a flexible production system, allowing for the customization of products to meet diverse client specifications, thereby improving production efficiency[51]. Corporate Governance - The company strictly adheres to the Company Law and relevant regulations, ensuring independent operations of the board and management, protecting the rights of all shareholders, especially minority shareholders[102]. - The board of directors and supervisory board actively participate in decision-making processes, ensuring the prudence and scientific nature of major decisions[103]. - The company has established a robust investor relations management system, enhancing communication with investors through various channels, including the Shanghai Stock Exchange's "E Interaction" platform[104]. - The company has implemented an insider information management system, ensuring compliance with regulations regarding the disclosure of significant information[104]. - The company has a comprehensive information disclosure policy, ensuring equal access to information for all shareholders[104]. Environmental Responsibility - The company operates key pollutant discharge units in Shandong Province, with major pollutants including waste gas, wastewater, and solid waste[143]. - Actual emissions of particulate matter from the Zhucheng plant were between 2.3-9 mg/m³, well below the standard of 10 mg/m³[145]. - Wastewater from the Zhucheng plant had a COD level of 29.2 mg/L, significantly lower than the standard limit of 500 mg/L[144]. - The company has implemented a new VOC treatment process using zeolite rotary concentration and CO catalytic combustion, ensuring compliance with emission standards[145]. - The company has established a hazardous waste storage facility and signed contracts with qualified third-party organizations for regular disposal of hazardous waste[144]. Employee and Management - The company has a total of 4,663 employees at the end of the reporting period, with 2,906 in the parent company and 1,757 in major subsidiaries[127]. - The company emphasizes performance-oriented compensation management to enhance employee motivation and satisfaction[129]. - The company has established a training plan to improve team efficiency and meet employee training needs, focusing on management skills and production system training[130]. - The company has implemented equity incentives for several executives, which contributed to the changes in shareholdings during the reporting period[110]. - The company’s management team includes individuals with extensive experience in various sectors, enhancing operational effectiveness[115]. Shareholder Information - The total number of shares held by the board members at the beginning of the year was 181,762,860, which increased to 182,791,360 by the end of the year, reflecting a change of 1,028,500 shares[110]. - The largest shareholder, Dou Yong, holds 111,384,000 shares, representing 38.41% of the total shares[181]. - The company has a total of 546,500 shares held by shareholder Zheng Hongxia that are subject to trading restrictions[185]. - The company has not experienced any changes in its controlling shareholder during the reporting period[188]. - The company reported a total of 3,164,500 restricted shares granted under the incentive plan, representing 1.09% of total shares[171].

证券代码：603278 证券简称：大业股份 转债代码：113535 转债简称：大业转债 山东大业股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2022 年第三季度报告 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三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 1 / 14 单位：元 币种：人民币 项目 本报告期 本报告期比 上年同期增 减变动幅度 (%) 年初至报告期末 年初至报告期末 比上年同期增减 变动幅度(%) 营业收入 1,459,117,782.75 7.50 3,902,631,938.02 10.58 归属于上市公司股东的净利 润 -54,889,176.16 -1,796.34 -168,082,377 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,459,117,782.75, representing a year-on-year increase of 35.45%[6] - The net profit attributable to shareholders was a loss of ¥54,889,176.16, a decrease of 330.31% compared to the same period last year[6] - The basic earnings per share for the quarter was -¥0.19, reflecting a decline of 337.50% year-on-year[7] - Total operating revenue for the first three quarters of 2022 reached CNY 3,525,090,303.12, an increase of 12.35% compared to CNY 3,137,436,711.33 in the same period of 2021[20] - Net profit for the third quarter of 2022 was CNY -100,417,709.41, a significant decrease from CNY 150,475,728.60 in the same quarter of 2021[21] - Basic earnings per share for the third quarter of 2022 was CNY -0.33, compared to CNY 0.52 in the same quarter of 2021[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,138,645,349.87, an increase of 5.47% from the end of the previous year[7] - The company's total assets amounted to CNY 7,138,645,349.87, an increase from CNY 6,768,254,555.01 year-over-year[19] - The company's current assets totaled ¥3,386,398,028.78, down from ¥3,662,573,265.05, indicating a decrease of about 7.53%[17] - Total liabilities reached ¥5,036,401,464.03, compared to ¥4,924,309,231.84, marking an increase of about 2.27%[18] - The company's total equity attributable to shareholders was CNY 1,755,366,349.01, down from CNY 1,843,945,323.17 in the previous year[19] - The company's total liabilities increased by 95.20% due to an increase in long-term payables related to sale-leaseback transactions[11] Cash Flow - The company reported a cash flow from operating activities of ¥168,962,495.91 for the year-to-date period, showing improvement in cash collection[10] - Cash flow from operating activities for the first three quarters of 2022 was CNY 4,411,694,740.67, an increase from CNY 3,261,354,344.71 in the previous year[25] - The net cash inflow from operating activities was CNY 168,962,495.91, compared to a net outflow of CNY 125,800,244.02 in the previous year[26] - Total cash inflow from investment activities was CNY 436,411,016.80, while cash outflow was CNY 992,728,837.25, resulting in a net cash outflow of CNY 556,317,820.45[26] - Cash inflow from financing activities amounted to CNY 1,764,803,947.00, with cash outflow totaling CNY 1,494,836,085.81, leading to a net cash inflow of CNY 269,967,861.19[27] Receivables and Payables - The company experienced a 41.06% increase in receivables financing, attributed to an increase in bank acceptance bills[10] - The company reported a significant increase of 213.75% in other receivables, mainly due to increased business transactions and financing guarantees[10] - Accounts receivable increased to ¥1,625,368,135.35 from ¥1,227,434,869.28, showing a growth of around 32.4%[16] - The company reported a significant increase in accounts payable, which rose to ¥518,961,630.79 from ¥444,718,581.63, reflecting a growth of about 16.7%[18] Inventory and Costs - Inventory decreased to ¥636,616,199.72 from ¥671,183,086.28, indicating a reduction of about 5.16%[17] - Total operating costs for the first three quarters of 2022 were CNY 3,689,546,499.03, up 23.52% from CNY 2,986,453,254.43 in the previous year[20] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 42,439,991.62, slightly up from CNY 41,978,281.12 in the same period of 2021[20] - The company has no significant new product launches or technological developments mentioned in the report[15] Future Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[10]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,065,972,520.37, a slight increase of 0.28% compared to CNY 2,060,229,774.48 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of CNY 40,586,179.74, representing a decline of 132.05% compared to a profit of CNY 126,643,278.92 in the previous year[19]. - The net cash flow from operating activities was CNY 115,597,748.50, recovering from a negative cash flow of CNY -6,152,922.05 in the same period last year[20]. - The total assets increased by 13.56% to CNY 7,686,149,255.99 from CNY 6,768,254,555.01 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 1.93% to CNY 1,808,429,846.03 from CNY 1,843,945,323.17 at the end of the previous year[20]. - The basic earnings per share for the first half of 2022 was -CNY 0.14, a decrease of 131.82% compared to CNY 0.44 in the same period last year[21]. - The weighted average return on net assets was -2.22%, down from 6.94% in the previous year, indicating a significant decline in profitability[21]. - The company reported a non-recurring gain of CNY 31,415,896.67, after accounting for income tax effects of CNY 6,869,433.88[25]. - The company reported a comprehensive loss of CNY 40,586,179.74 for the first half of 2022[136]. Market Position and Strategy - The company has established itself as the largest tire bead wire manufacturer in China, with a significant market share in both domestic and international markets[28]. - In the first half of 2022, the production of tire bead wire reached 103.58 thousand tons, an increase of 10.80% year-on-year, with exports rising by 17.23%[31]. - The company’s main products are used in various types of tires, including passenger car tires, heavy-duty tires, and engineering tires, indicating a diverse application range[28]. - The company’s sales strategy includes direct sales to well-known tire manufacturers, which often require a three-year assessment period for stable supplier status[30]. - The company is actively expanding into international markets, increasing its market share with high-end clients such as Michelin and Bridgestone[44]. - The company has established long-term strategic partnerships with major clients, including Michelin and Bridgestone, ensuring stable market demand[37]. Production and Operations - The company has a comprehensive procurement control system to ensure efficient and standardized procurement processes[29]. - The company’s production model is based on "sales-driven production," ensuring that production aligns with customer orders[29]. - The company has established a flexible production system to meet diverse customer demands while minimizing equipment downtime, enhancing production efficiency[40]. - The company produced 32.66 million tons of tire wire in 2021, holding a market share of 31.50%[38]. Financial Health and Investments - The company invested CNY 170,000,000 in the acquisition of the subsidiary, which was consolidated into the financial statements after April 30, 2022[45]. - R&D expenses for the period amounted to CNY 25,560,382.17, a decrease of 8.93% compared to the previous year[46]. - The company’s financial expenses increased by 147.01% to CNY 56,441,734.69, primarily due to higher interest expenses[46]. - Cash and cash equivalents at the end of the period amounted to ¥1,087,812,648.60, representing 14.15% of total assets, an increase of 3.09% compared to the previous year[50]. - Accounts receivable reached ¥1,481,960,334.68, accounting for 19.28% of total assets, with a year-on-year increase of 20.74% due to changes in the scope of consolidation[50]. - Inventory stood at ¥801,102,929.68, which is 10.42% of total assets, reflecting a 19.36% increase from the previous year, also influenced by changes in the scope of consolidation[50]. - Fixed assets increased significantly to ¥2,834,001,102.26, making up 35.09% of total assets, with a remarkable growth of 104.87% attributed to changes in consolidation scope and the transfer of construction in progress[50]. Environmental Compliance - The company is classified as a key pollutant discharge unit in Weifang and Dongying, with major pollutants being waste gas, wastewater, and solid waste[65]. - The company’s emissions for particulate matter and SO2 are compliant with standards, with no exceedances reported[66]. - Wastewater from the Zhucheng plant meets municipal discharge standards after treatment, with COD levels at 45 mg/L and pH between 6.5-9.5[68]. - The company has implemented pollution control facilities that are operating normally, ensuring compliance with environmental standards[70]. - The company has established an emergency response plan for environmental incidents, which has been filed with local environmental authorities[72]. - The company has signed contracts with qualified third-party testing units for regular monitoring of emissions, ensuring compliance with pollution discharge regulations[73]. - The company has received administrative penalties due to environmental issues during the reporting period[74]. Corporate Governance and Shareholder Information - The company held three shareholder meetings in 2022, all of which passed resolutions without any dissenting opinions[60]. - The company did not distribute profits or increase capital reserves in the first half of 2022, with no dividends or stock bonuses proposed[61]. - The total number of shares increased from 289,958,691 to 289,959,015, reflecting a change of 324 shares[90]. - The largest shareholder, Dou Yong, held 111,384,000 shares, representing 38.41% of the total shares[95]. - Dou Baosen, the second-largest shareholder, held 61,898,440 shares, accounting for 21.35% of the total shares[95]. - The total number of ordinary shareholders reached 12,526 by the end of the reporting period[94]. Risks and Challenges - The company faces significant risks from raw material price fluctuations, particularly for wire rods, which constitute a large portion of its operating costs[57]. - The performance of the tire cord and steel cord industry is closely tied to the tire manufacturing sector, which is currently experiencing a slowdown in growth[57]. - The ongoing COVID-19 pandemic continues to pose operational risks, affecting market expansion and investment activities[58]. - The company is exposed to risks related to accounts receivable, particularly with increasing amounts of bank acceptance bills and commercial acceptance bills[58]. Accounting Policies and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements reflect a true and complete picture of its financial status and operating results[149]. - The financial statements are prepared on a going concern basis, indicating that the company expects to continue its operations for at least the next 12 months[149]. - The company's accounting records are maintained in Renminbi (RMB), which is the functional currency[155]. - The company recognizes revenue and expenses from newly acquired subsidiaries from the date of acquisition, ensuring accurate reflection in the consolidated profit and loss statement[161]. - The company measures expected credit losses for financial instruments at each reporting date, with different stages determining the loss provision calculation[171].

Financial Performance - In 2021, the company achieved a net profit of CNY 108,872,765.50, representing a 6.19% increase compared to CNY 102,526,540.95 in 2020[4] - The company's operating revenue for 2021 was CNY 4,143,517,844.62, a 34.81% increase from CNY 3,073,687,238.21 in 2020[21] - The net profit for 2021 was 109 million RMB, reflecting a growth of 6.19% compared to the previous year[28] - The company reported a net profit of CNY 95,090,990.18 after deducting non-recurring gains and losses, which is a 22.51% increase from CNY 77,617,961.45 in 2020[21] - Basic earnings per share for 2021 were CNY 0.38, an increase of 8.57% from CNY 0.35 in 2020[22] Asset and Cash Flow - The net asset attributable to shareholders of the listed company at the end of 2021 was CNY 1,843,945,323.17, a 4.71% increase from CNY 1,761,045,264.21 at the end of 2020[21] - Total assets increased by 27.77% to CNY 6,768,254,555.01 in 2021, up from CNY 5,297,414,008.63 in 2020[21] - The net cash flow from operating activities for 2021 was CNY 255,727,685.68, a significant recovery from a negative cash flow of CNY -185,491,203.66 in 2020[21] - The company reported a net cash flow from operating activities of 381,527,929.69 RMB in the fourth quarter[23] Production and Sales - The company produced 558,300 tons of various steel wires, an increase of 15.78% from the previous year[28] - The sales volume of various steel wires was 544,200 tons, up by 11.84% year-on-year[28] - The total production of tire cord steel wire reached 32.66 million tons in 2021, maintaining a market share of 31.50%[46] - The total production of tire cord steel reached 1,035,800 tons, marking a year-on-year increase of 10.80%[32] - The company achieved a sales revenue of 4.143 billion RMB, a year-on-year increase of 34.81%[28] Market and Strategic Developments - The company actively developed international high-end new customers, enhancing market share with major clients like Michelin and Bridgestone[29] - The company completed the acquisition and integration of Shengtong Steel Cord, enhancing its dual-brand operation model and increasing market influence[31] - The company’s strategic focus on high-strength products has positioned it as a leading supplier to the top 20 global tire manufacturers[33] - The company aims to become a world-class supplier of tire skeleton materials, focusing on tire ring steel wire, steel cord, and rubber hose steel wire products, while maintaining technological leadership in production processes[91] Research and Development - The company holds 85 effective patents, including 25 domestic invention patents and 7 foreign invention patents[47] - Research and development expenses totaled 203,733,756.05 CNY, representing 4.92% of operating revenue[64] - The company plans to increase R&D investment year by year, enhancing collaboration with universities and research institutions to drive product innovation and improve technological competitiveness[91] Corporate Governance and Compliance - The company is committed to maintaining a high level of corporate governance, ensuring compliance with laws and regulations to protect the interests of all shareholders, especially minority shareholders[98] - The company has established a comprehensive information disclosure system, ensuring equal access to information for all shareholders[100] - The company has not faced any penalties from securities regulatory agencies in the past three years, reflecting compliance and governance integrity[112] Environmental Responsibility - The company is classified as a key pollutant discharge unit in Weifang City, Shandong Province, with specific emissions for pollutants such as particulate matter and COD well below regulatory limits[138] - The company has implemented a pollution prevention facility that operates normally, ensuring compliance with local environmental standards[140] - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental bureau[143] Future Outlook - Future outlook remains positive, with the company projecting a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[106] - The company plans to strengthen its surface treatment business to complement its skeleton materials business, investing in various sectors including military, electronics, and new energy[92] - The company targets a 30% increase in overseas sales proportion within the next 3-5 years, expanding its international marketing network and entering the global procurement systems of major tire manufacturers[95]

Financial Performance - In 2021, the company achieved a net profit of CNY 108,872,765.50, representing a 6.19% increase compared to CNY 102,526,540.95 in 2020[4] - The company's operating revenue for 2021 was CNY 4,143,517,844.62, a 34.81% increase from CNY 3,073,687,238.21 in 2020[21] - The net cash flow from operating activities was CNY 255,727,685.68, a significant recovery from a negative cash flow of CNY -185,491,203.66 in 2020[21] - The total assets of the company increased by 27.77% to CNY 6,768,254,555.01 at the end of 2021, compared to CNY 5,297,414,008.63 at the end of 2020[21] - The basic earnings per share for 2021 was CNY 0.38, an increase of 8.57% from CNY 0.35 in 2020[22] - The company reported a net profit of CNY 95,090,990.18 after deducting non-recurring gains and losses, which is a 22.51% increase from CNY 77,617,961.45 in 2020[21] Dividend and Shareholder Policy - The company proposed not to distribute cash dividends or issue new shares for 2021, considering the needs for major asset restructuring and daily operations[4] - The company has implemented a shareholder return mechanism to protect minority shareholders' rights and enhance transparency in profit distribution decisions[128] - The company’s profit distribution policy has remained unchanged, ensuring continuity and stability in dividend payouts[129] Production and Sales - In 2021, the company achieved a sales revenue of 4.143 billion RMB, a year-on-year increase of 34.81%[28] - The company produced 558,300 tons of various steel wires, an increase of 15.78% from the previous year[28] - Sales of various steel wires totaled 544,200 tons, up 11.84% year-on-year[28] - The production of tire cord steel wire was 326,600 tons, growing by 10.85% compared to the previous year[28] - The total production of rubber skeleton materials in 2021 reached 4.7334 million tons, a 12.56% increase year-on-year, with exports amounting to 1.379 million tons, up 29.79%[31] Market and Strategic Initiatives - The company has established a global marketing network to enhance service capabilities and market share among high-end international clients[29] - The company aims to enhance its core competitiveness through independent innovation and technological leadership in the tire skeleton material sector[89] - The company plans to increase R&D investment and strengthen partnerships with universities to drive product innovation and improve technological value[89] - The company intends to expand its market share of steel wire products domestically while maintaining its leading production technology in the industry[92] - The company aims to increase its overseas sales proportion to over 30% within the next 3-5 years by enhancing its international marketing network[95] Research and Development - The company holds 85 effective patents, including 25 domestic invention patents and 7 foreign invention patents, enhancing its technological innovation capabilities[47] - R&D expenses totaled 203,733,756.05 CNY, representing 4.92% of total revenue[64] - The number of R&D personnel is 420, making up 12.5% of the total workforce[65] - The company plans to increase its R&D budget by 15% to accelerate innovation[107] Financial Management - The company’s gross profit margin and profitability have been impacted by rising costs of raw materials and labor, despite significant revenue growth[50] - Operating costs rose by 36.15% to ¥3,795,141,262.81 from ¥2,787,537,161.84, primarily due to increased sales volume and rising prices of raw materials and energy[54] - Financial expenses nearly doubled, increasing by 99.66% to ¥72,279,669.24 from ¥36,201,267.10, primarily due to higher interest expenses[52] Employee and Management - The company has a salary policy that includes base salary, performance salary, bonuses, and benefits, with salaries structured based on job positions[124] - The company plans to adjust and optimize its salary system based on operational results and market conditions to improve employee welfare[125] - The company has established a comprehensive training program aimed at enhancing team efficiency and aligning with strategic business goals[126] Environmental and Compliance - The company is classified as a key pollutant discharge unit, with specific emissions of particulate matter, SO2, and NOX all within regulatory limits[139] - Wastewater treatment processes meet municipal standards, with COD levels at 29.2 mg/L, significantly below the 500 mg/L limit[140] - The company has committed to environmental protection measures, with no significant environmental issues reported during the period[140] Corporate Governance - The company has not faced any penalties from securities regulatory agencies in the past three years[113] - The company has not reported any changes in the board of directors, supervisors, or senior management during the reporting period[113] - The audit firm appointed for the company is Zhongxinghua Accounting Firm, with an audit fee of RMB 500,000 for a two-year term[158]