Financial Performance - The company's operating revenue for Q1 2023 was CNY 607,344,403.39, representing a year-on-year increase of 16.12%[5] - The net profit attributable to shareholders for the same period was CNY 81,484,948.87, up 23.02% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 69,449,880.02, reflecting a significant increase of 48.48%[5] - Basic and diluted earnings per share were both CNY 0.12, an increase of 20.00%[6] - Net profit for Q1 2023 reached CNY 74,082,601.59, compared to CNY 63,610,547.13 in Q1 2022, reflecting an increase of about 16.5%[19] - The total comprehensive income for Q1 2023 was CNY 75,380,832.23, up from CNY 58,335,835.27 in Q1 2022, indicating a growth of approximately 29.3%[20] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 76.19% to CNY 24,796,732.96[5] - Cash flow from operating activities for Q1 2023 was CNY 24,796,732.96, a decrease from CNY 104,160,697.17 in Q1 2022[23] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 575,291,276.43, down from CNY 687,827,033.92 at the end of Q1 2022, a decline of approximately 16.3%[24] - Cash inflow from financing activities in Q1 2023 was CNY 1,257,000,000.00, slightly up from CNY 1,253,105,000.00 in Q1 2022[24] - The company reported a net cash outflow from investing activities of CNY -313,777,076.21 in Q1 2023, compared to CNY -239,949,062.72 in Q1 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,661,499,653.10, a 7.70% increase from the end of the previous year[6] - Total liabilities as of March 31, 2023, were RMB 5,814,678,646.35, compared to RMB 5,130,565,324.84 at the end of 2022, indicating an increase of 13.3%[16] - The company's total equity as of March 31, 2023, was RMB 4,846,821,006.75, up from RMB 4,768,883,254.27 at the end of 2022, reflecting a growth of 1.6%[17] - Short-term borrowings increased to RMB 2,096,761,128.99 as of March 31, 2023, from RMB 1,754,039,453.96 at the end of 2022, a rise of 19.6%[16] Investments and Expenses - Long-term equity investments surged by 636.54%, attributed to the investment in Haiyuan Company during the period[7] - Research and development expenses in Q1 2023 amounted to RMB 62,405,687.72, compared to RMB 50,823,073.41 in Q1 2022, indicating a 22.5% increase[18] - The company incurred a credit impairment loss of CNY -2,119,647.91 in Q1 2023, significantly reduced from CNY -8,683,880.30 in Q1 2022, indicating improved credit quality[19] Revenue and Costs - Total operating revenue for Q1 2023 was RMB 607,344,403.39, an increase of 16.1% compared to RMB 523,037,977.57 in Q1 2022[18] - Total operating costs for Q1 2023 were RMB 542,699,835.78, up from RMB 475,844,534.45 in Q1 2022, reflecting a growth of 14%[18] - Operating revenue from sales of goods and services in Q1 2023 was CNY 644,845,230.49, an increase from CNY 485,290,277.27 in Q1 2022, representing a growth of approximately 32.8%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,049[10]

Financial Performance - In 2022, the company's operating revenue reached CNY 2,197,702,313.26, representing a 7.73% increase compared to CNY 2,040,103,835.92 in 2021[23]. - The net profit attributable to shareholders was CNY 401,688,522.67, a significant increase of 73.75% from CNY 231,183,401.43 in the previous year[23]. - The basic earnings per share rose to CNY 0.59, up 73.53% from CNY 0.34 in 2021[24]. - The total assets of the company at the end of 2022 were CNY 9,899,448,579.11, an increase of 2.76% from CNY 9,633,344,252.27 at the end of 2021[23]. - The company's net assets attributable to shareholders increased to CNY 4,272,124,888.40, reflecting an 8.55% growth from CNY 3,935,737,668.65 in 2021[23]. - The company reported a total comprehensive income of CNY 395,691,923.78 for 2022, compared to CNY 189,617,117.22 in 2021, marking an increase of 108.6%[190]. Cash Flow - The company reported a net cash flow from operating activities of CNY -23,040,305.21, a decline from CNY 224,124,594.34 in 2021[23]. - The cash flow from operating activities showed a net outflow of CNY 23,040,305.21 in 2022, contrasting with a net inflow of CNY 224,124,594.34 in 2021[196]. - The net cash flow from operating activities for 2022 was -328,365,847.77 RMB, a significant decline compared to a positive 61,600,111.95 RMB in 2021, indicating a downturn in operational efficiency[198]. - The cash inflow from investment activities totaled 766,486,417.62 RMB in 2022, a significant increase from 459,020,322.00 RMB in 2021, marking a growth of about 67%[199]. Research and Development - Research and development investment for the year amounted to RMB 349 million, maintaining over 10% of sales revenue for three consecutive years[31]. - The company employed 764 R&D personnel, representing 15.33% of the total workforce[55]. - The company has over 100 patents and proprietary technologies, contributing to its competitive advantage in high-end component manufacturing[40]. - Research and development expenses for 2022 totaled CNY 254,951,318.47, slightly up from CNY 248,327,695.02 in 2021, indicating a focus on innovation[189]. Market and Operations - The company exported products to over 40 countries, serving more than 100 clients, including over 10 Fortune 500 companies[41]. - The company is actively involved in national key research and development programs, collaborating with several prestigious research institutions[40]. - The company achieved non-operating income of RMB 173.87 million, significantly up from RMB 81.51 million in the previous year[32]. - The aerospace and nuclear materials sectors accelerated development, contributing to a main business revenue of RMB 626 million[33]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and accountability[80]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[94]. - The company has a robust governance structure with multiple committees to ensure effective oversight and strategic planning[97]. - The company strictly adheres to information disclosure regulations, ensuring timely, fair, and accurate communication with shareholders[136]. Environmental Responsibility - The company invested 15.97 million RMB in environmental protection during the reporting period[117]. - The company’s waste gas emissions comply with the secondary standards of the Comprehensive Emission Standard for Air Pollutants (GB16297-1996) without any exceedance[118]. - The wastewater treatment process meets the first-level discharge standards of the Comprehensive Wastewater Discharge Standard (GB8978-1996) with no exceedance[123]. - The company has implemented measures to effectively reduce noise pollution, ensuring compliance with the Industrial Enterprise Boundary Noise Emission Standards (GB12348-2008) without exceedance[121]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 21,478, a decrease from 24,049 at the end of the previous month[158]. - The largest shareholder, Huoshan Yingliu Investment Management Co., Ltd., holds 185,824,982 shares, representing 27.20% of the total shares, with 84,860,000 shares pledged[160]. - The company plans to continue its market expansion and product development strategies over the next three years, as outlined in the shareholder return plan[83]. - The company has appointed new independent directors to enhance governance and oversight[90].

证券代码：603308 证券简称：应流股份 公告编号：2023-008 安徽应流机电股份有限公司关于召开 2022 年度暨 2023 年第一季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： 一、说明会类型 安徽应流机电股份有限公司（以下简称"公司"）已于2023年4月29日披露 了公司《2022年年度报告》、《2023年第一季度报告》，具体内容详见2023年4 月29日的《中国证券报》、《上海证券报》、《证券时报》、《证券日报》及上 海证券交易所网站（www.sse.com.cn）。为加强与投资者的深入交流，在上海证 券交易所的支持下，公司定于2023年5月15日举行2022年度暨2023年第一季度业 绩说明会，就投资者关心的问题进行交流。为积极响应中国证券监督管理委员会、 上海证券交易所有关中小投资者保护工作的要求，本公司现就2022年度业绩提前 向投资者征集相关问题，广泛听取投资者的意见和建议。 二、说明会召开的时间和地点 三、公司出席说明会的人员 | 董事长兼总经理 | 杜应流先 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥554,773,588.78, a decrease of 0.79% compared to the same period last year[7] - Net profit attributable to shareholders for Q3 2022 was ¥80,997,333.69, an increase of 62.37% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,040,609.12, up 100.57% year-on-year[7] - Total operating revenue for the first three quarters of 2022 reached ¥1,654,766,700.20, an increase of 8.8% compared to ¥1,520,183,470.65 in the same period of 2021[32] - Net profit for the third quarter of 2022 was ¥215,125,275.20, compared to ¥138,616,590.86 in the previous year, marking a significant increase of 55.4%[35] - Earnings per share for the third quarter of 2022 were ¥0.33, up from ¥0.22 in the same quarter of 2021[37] Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥11,330,300,789.49, representing a 17.62% increase from the end of the previous year[10] - The company's total assets reached ¥11,330,300,789.49, an increase from ¥9,633,344,252.27 year-over-year[32] - The company's current assets totaled ¥5,468,456,644.01, up from ¥3,419,161,323.27, indicating a significant increase of about 60.0% year-over-year[27] - The company's total liabilities amounted to ¥6,742,595,787.18, up from ¥5,188,224,516.65, which is an increase of approximately 29.9%[30] - Short-term borrowings increased to ¥2,503,283,753.20 from ¥2,408,379,226.18, reflecting a rise of about 3.9%[30] - Long-term borrowings surged to ¥1,578,039,973.70 from ¥184,323,593.62, indicating a significant increase of approximately 757.5%[30] Equity and Return Metrics - The total equity attributable to shareholders at the end of Q3 2022 was ¥4,090,184,265.13, a 3.92% increase from the previous year[10] - The weighted average return on equity for Q3 2022 was 1.96%, an increase of 0.74 percentage points year-on-year[10] - The total equity of the company remained stable at ¥683,146,921.00, unchanged from the previous year[30] - The total equity attributable to shareholders of the parent company rose to ¥4,090,184,265.13 from ¥3,935,737,668.65, an increase of 3.9%[32] Cash Flow and Investments - The cash flow from operating activities for the year-to-date was ¥139,060,404.77, reflecting a 40.78% increase[10] - Operating cash flow from operating activities increased to ¥139,060,404.77, up from ¥98,776,258.75, representing a growth of approximately 40.5% year-over-year[41] - Cash inflow from operating activities totaled ¥2,236,576,376.44, compared to ¥1,965,974,979.21, indicating an increase of about 13.7%[41] - Cash outflow from investing activities was ¥900,368,891.29, compared to ¥760,242,675.65, reflecting an increase of approximately 18.4%[42] - Net cash flow from financing activities was ¥896,697,239.87, up from ¥677,768,402.41, showing a growth of around 32.4%[42] - The company received cash from borrowings amounting to ¥4,426,473,613.78, compared to ¥2,752,600,000.00, marking an increase of approximately 60.8%[42] Government Support and Other Income - The company received government subsidies amounting to ¥19,134,973.46 in Q3 2022, contributing to its financial performance[11] - Other income increased to ¥81,114,399.18 in 2022 from ¥64,138,936.44 in 2021, representing a growth of 26.5%[35] Expenses and Impairments - Total operating costs for the same period were ¥1,490,663,944.87, up from ¥1,434,271,852.19, reflecting a rise of 3.9%[32] - The company reported a decrease in tax expenses to ¥3,569,366.34 from a tax benefit of ¥8,511,646.98 in the previous year[35] - The company experienced a reduction in credit impairment losses, which decreased to ¥22,609,712.84 from ¥11,767,429.17 year-over-year[35] Inventory and Receivables - Accounts receivable increased to ¥1,050,406,200.80 from ¥913,196,786.86, reflecting a growth of approximately 15.0%[27] - Inventory levels rose to ¥1,305,680,775.28 compared to ¥1,269,724,670.68, marking an increase of about 2.8%[27] - The company reported a significant increase in prepayments, which rose to ¥165,062,937.49 from ¥24,422,606.95, reflecting a growth of approximately 576.5%[27] Cash and Cash Equivalents - The company's cash and cash equivalents stood at ¥963,171,263.13, a substantial increase from ¥484,817,028.41, representing a growth of about 98.7%[24] - Cash and cash equivalents at the end of the period reached ¥723,855,543.13, significantly higher than ¥174,754,038.75 at the end of the previous period[42] - The company reported a significant increase in cash and cash equivalents, primarily due to the collection of payments and government subsidies[15] - The company experienced a foreign exchange impact on cash and cash equivalents of ¥596,050.69, contrasting with a negative impact of ¥12,958,389.83 previously[42]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,099,993,111.42, representing a 14.46% increase compared to ¥961,012,848.20 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached ¥146,576,538.03, a 45.42% increase from ¥100,796,853.19 in the previous year[22]. - The net cash flow from operating activities was ¥183,535,218.32, showing a significant increase of 1569.36% compared to ¥10,994,318.09 in the same period last year[22]. - Basic earnings per share for the first half of 2022 were ¥0.21, a 40% increase from ¥0.15 in the same period last year[25]. - The company reported a net profit excluding non-recurring gains and losses of ¥99,109,415.25, which is a 45.46% increase from ¥68,136,910.80 in the same period last year[22]. - The company achieved operating revenue of 1,099.99 million RMB, a year-on-year increase of 14.46%[37]. - The net profit attributable to shareholders was 146.58 million RMB, reflecting a year-on-year growth of 45.42%[37]. - The company reported a significant increase in cash and cash equivalents, reaching 95,504.36, up 96.99% from the previous year[41]. - The company reported a total comprehensive income attributable to the parent company of ¥130,619,338.60 for the first half of 2022, compared to ¥80,630,945.33 in the same period of 2021, an increase of 62%[124]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥10,926,758,828.09, up 13.43% from ¥9,633,344,252.27 at the end of the previous year[22]. - The total liabilities increased to ¥6,421,546,176.14 from ¥5,188,224,516.65, a rise of approximately 23.8%[110]. - The total current assets increased to CNY 5,226,919,100.13 from CNY 3,419,161,323.27, representing a growth of approximately 53%[104]. - The total non-current assets decreased to CNY 4,000,000,000 from CNY 4,500,000,000, indicating a reduction of approximately 11%[104]. - The total liabilities increased to CNY 3,000,000,000 from CNY 2,500,000,000, reflecting a growth of 20%[104]. - The company’s long-term borrowings increased by 135.04% to 43,323.09[41]. Research and Development - The company invested 148.52 million RMB in R&D, accounting for 13.5% of total revenue, which is a 23.25% increase from the previous year[37]. - Research and development expenses increased by 23.25% to 120,501,118.73[38]. - Research and development expenses increased to ¥148,522,625.48 in the first half of 2022, up 23.3% from ¥120,501,118.73 in the first half of 2021[122]. Market Position and Strategy - The company is actively expanding its market presence while optimizing its asset-liability structure through land relocation projects[37]. - The company maintains a leading position in the high-end equipment key component manufacturing sector, focusing on core technologies and innovation[31]. - The company exports products to over 40 countries, including major clients from the Fortune 500 list, enhancing its market position[33]. - The company has secured key project orders in nuclear radiation shielding materials, opening up market opportunities for the next 5-10 years[37]. Environmental Compliance - The company has implemented environmental protection measures, ensuring that emissions of pollutants such as waste gas and wastewater comply with national standards[60]. - The company has established waste management protocols, including the disposal of hazardous waste through licensed third parties, ensuring compliance with relevant regulations[60]. - The company has taken steps to mitigate noise pollution from production processes, adhering to industrial noise standards[60]. - Regular environmental self-monitoring is conducted, with results showing compliance with national standards for emissions and noise pollution[73]. Corporate Governance - The company has not reported any changes in the management team or significant corporate governance issues during the reporting period[52]. - The company has not disclosed any new product developments or technological advancements in the current reporting period[52]. - The company has made commitments to not interfere with management activities or infringe on company interests[85]. - The company has pledged to conduct any future related transactions fairly and reasonably, adhering to market rules and protecting the interests of all shareholders[79]. Financial Reporting and Compliance - The financial statements are prepared on a going concern basis, indicating no significant doubts about the company's ability to continue operations for the next 12 months[170]. - The company confirms that its financial statements accurately reflect its financial position, operating results, and cash flows, in accordance with accounting standards[174]. - The company adheres to specific accounting policies related to financial instruments, fixed asset depreciation, and revenue recognition, ensuring compliance with accounting standards[173].

Financial Performance - The company's operating revenue for 2021 was CNY 2,040,103,835.92, an increase of 11.29% compared to CNY 1,833,129,761.65 in 2020[22] - The net profit attributable to shareholders for 2021 was CNY 231,183,401.43, representing a growth of 14.67% from CNY 201,614,666.94 in the previous year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 149,669,594.26, up by 4.62% from CNY 143,056,787.07 in 2020[22] - Basic earnings per share for 2021 was CNY 0.34, a 13.33% increase from CNY 0.30 in 2020[26] - The company achieved sales revenue of CNY 510.72 million in aerospace materials and components, representing a year-on-year growth of 59.16%[33] - The net profit attributable to shareholders for Q4 2021 was CNY 80.50 million, with a total annual net profit of CNY 231.18 million[27] - The company reported a weighted average return on equity of 6.00% for 2021, an increase of 0.53 percentage points from 5.47% in 2020[26] - The company's revenue from the top five customers amounted to 797.24 million yuan, accounting for 39.08% of the total annual sales[54] Cash Flow and Assets - The net cash flow from operating activities for 2021 was CNY 224,124,594.34, a decrease of 44.64% compared to CNY 404,826,980.35 in 2020[22] - The total assets at the end of 2021 were CNY 9,633,344,252.27, an increase of 17.43% from CNY 8,203,381,287.14 at the end of 2020[25] - The net assets attributable to shareholders at the end of 2021 were CNY 3,935,737,668.65, reflecting a growth of 4.10% from CNY 3,780,564,470.35 at the end of 2020[25] - The net cash flow from operating activities in Q4 2021 was CNY 125.35 million, showing a strong recovery after a negative cash flow in Q2[27] Research and Development - Research and development expenses amounted to CNY 248,327,695.02, representing a 10.77% increase year-on-year[45] - The total R&D expenditure for the period was 320.10 million yuan, representing 15.69% of the operating income[59] - The company has over 100 patents and proprietary technologies, and it actively participates in national and provincial key research projects[42] - The company has developed approximately 230 types of components and has around 270 types under development, indicating strong future growth potential[36] Market and Sales - The company exported products to 30 countries, serving nearly 100 clients, including over 10 Fortune 500 companies[43] - The company maintained its position as the top exporter of valve components in China, with significant delivery volumes in nuclear power equipment[43] - The company achieved operating revenue of CNY 2,040,103,835.92, an increase of 11.29% year-on-year[45] Governance and Management - The company has established a modern corporate governance structure, ensuring compliance with relevant laws and regulations[83] - The company has established specialized committees, including an audit committee and a strategic committee, to enhance governance[103] - The company has implemented a dynamic salary management policy to enhance employee motivation and responsibility, particularly in response to the ongoing COVID-19 pandemic[112] - The company has a performance evaluation mechanism for senior management, assessing their work performance quarterly and at the end of the fiscal year[120] Environmental Responsibility - The company adheres to a "green casting" environmental protection philosophy, utilizing advanced equipment and technologies to minimize pollution emissions[140] - Anhui Yingliu Electromechanical Co., Ltd. has established a wastewater treatment station that ensures all pollutants meet the discharge standards of Hefei Economic Development Zone[128] - The company has a waste management strategy in place, ensuring hazardous waste is handled by licensed disposal companies[125] - Regular environmental self-monitoring is conducted, with results showing that pollutant emissions comply with national standards, with no exceedances reported[134] Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly for scrap steel, stainless steel, and nickel alloys, which could impact pricing stability[79] - The company is exposed to exchange rate risks due to exports denominated in USD, GBP, and EUR, which could adversely affect operations if the RMB fluctuates significantly[79] - The company operates in a specialized equipment manufacturing industry, with market demand closely tied to macroeconomic trends and potential risks from international trade barriers[79] Shareholder Information - The company plans to distribute a cash dividend of CNY 1.02 per 10 shares, totaling CNY 69,680,985.94 based on a total share capital of 683,146,921 shares[6] - The company reported a total share increase of 32,215,783 shares during the reporting period, resulting from capital reserve conversion into share capital[90] - The top ten shareholders hold a total of 60.77% of the shares, with the largest shareholder holding 27.20%[173] Compliance and Legal Matters - The company has no significant litigation or arbitration matters during the reporting period[155] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[155] - The audit opinion confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2021[185]

Financial Performance - The company's operating revenue for Q1 2022 was ¥523,037,977.57, representing a year-on-year increase of 14.29%[6] - The net profit attributable to shareholders was ¥66,234,746.82, reflecting a growth of 10.06% compared to the same period last year[6] - Total operating revenue for Q1 2022 was $523.04 million, an increase of 14.3% compared to $457.63 million in Q1 2021[30] - Net profit for Q1 2022 reached $63.61 million, representing a 26.4% increase from $50.30 million in Q1 2021[33] - Total comprehensive income for Q1 2022 was $58.34 million, compared to $41.95 million in Q1 2021[33] Cash Flow - The net cash flow from operating activities increased significantly by 63.30%, amounting to ¥104,160,697.17[6] - Cash flow from operating activities for Q1 2022 was $104.16 million, significantly higher than $63.78 million in Q1 2021[36] - Net cash flow from investing activities was -$239.95 million, compared to -$291.84 million in the previous period[38] - Cash inflow from financing activities totaled $1.25 billion, an increase from $1.21 billion year-over-year[38] - Net cash flow from financing activities increased to $524.95 million, compared to $363.70 million last year[38] - The net increase in cash and cash equivalents was $386.25 million, compared to $136.41 million in the previous period[38] - The ending balance of cash and cash equivalents reached $687.83 million, up from $307.81 million year-over-year[38] Assets and Liabilities - The total assets at the end of the reporting period reached ¥10,540,350,500.17, up 9.42% from the end of the previous year[9] - The company's total current assets amounted to approximately CNY 4.90 billion, an increase from CNY 3.42 billion in the same period last year, representing a growth of about 43.4%[24] - The total liabilities of the company as of March 31, 2022, were CNY 6.04 billion, up from CNY 5.19 billion a year earlier, marking an increase of approximately 16.4%[26] - The company's total assets reached CNY 10.54 billion, compared to CNY 9.63 billion in the previous year, representing a growth of about 9.5%[26] - The company's equity attributable to shareholders reached CNY 3.99 billion, slightly up from CNY 3.94 billion year-over-year, reflecting a growth of about 1.5%[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,216[14] - The largest shareholder, Huoshan Yingliu Investment Management Co., Ltd., held 27.20% of the shares, with 83,860,000 shares pledged[14] Expenses - Research and development expenses for Q1 2022 were $50.82 million, down 13.1% from $58.49 million in Q1 2021[30] - Sales expenses increased to $9.48 million in Q1 2022, up 66.5% from $5.70 million in Q1 2021[30] - Management expenses decreased to $35.10 million in Q1 2022, down 20.7% from $44.25 million in Q1 2021[30] Other Financial Metrics - The company's basic and diluted earnings per share were both ¥0.10, showing a decrease of 16.67% year-on-year[9] - The weighted average return on equity increased by 0.06 percentage points to 1.64%[9] - The company reported a significant rise in contract liabilities by 51.97%, indicating an increase in advance payments received[12] - Accounts receivable stood at CNY 997.19 million, compared to CNY 913.20 million in the previous year, reflecting a growth of about 9.2%[21] - The company's inventory increased to CNY 1.32 billion from CNY 1.27 billion year-over-year, showing a rise of approximately 4.9%[21] - The company reported a significant increase in short-term borrowings, which rose to CNY 2.80 billion from CNY 2.41 billion, indicating a growth of approximately 16.5%[26]

2021 年第三季度报告 单位：元 币种：人民币 4 证券代码：603308 证券简称：应流股份 安徽应流机电股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 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 报表信息的真实、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 本报告期比 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|---------------------------|------------------|-------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 961,012,848.20, representing an increase of 11.42% compared to CNY 862,550,166.84 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 100,796,853.19, up 24.46% from CNY 80,984,411.50 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 68,136,910.80, an increase of 17.10% compared to CNY 58,184,738.43 in the previous year[20]. - Basic earnings per share for the first half of 2021 were CNY 0.15, down 11.76% from CNY 0.17 in the same period last year[22]. - The weighted average return on net assets increased to 2.61%, up 0.38 percentage points from 2.23% in the previous year[22]. - The company achieved a revenue of 961.01 million yuan in the first half of 2021, representing an increase of 11.42% compared to the same period last year[36]. - Net profit attributable to shareholders reached 100.80 million yuan, a growth of 24.46% year-on-year[36]. - Operating profit for the first half of 2021 was ¥92,587,357.90, up from ¥70,399,445.84 in the first half of 2020, reflecting a growth of 31.0%[116]. - The total comprehensive income attributable to the parent company for the first half of 2021 was CNY 91,226,697.08, compared to CNY 80,857,742.36 in the same period of 2020, marking an increase of approximately 12.5%[118]. Revenue Breakdown - Revenue from aerospace new materials and components was 213.19 million yuan, up 82.41% year-on-year, driven by stable supply of certain engine components[36]. - Revenue from nuclear energy new materials and components was 140.41 million yuan, a slight increase of 2.41% year-on-year, supported by ongoing orders related to national carbon neutrality goals[36]. - Traditional business revenue decreased by 4.02% to 564.37 million yuan, impacted by rising raw material costs and delayed price adjustments[36]. - Domestic revenue increased by 29.04% year-on-year, while export revenue decreased by 8.92% due to ongoing pandemic effects and currency exchange rate fluctuations[36]. Cash Flow and Assets - The net cash flow from operating activities was CNY 10,994,318.09, a significant decrease of 94.98% from CNY 218,810,642.11 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 9,003,291,757.01, reflecting a growth of 9.75% compared to CNY 8,203,381,287.14 at the end of the previous year[20]. - The company's total liabilities include CNY 561,555,000.00 in long-term payables, reflecting a 42.92% increase from the previous year[41]. - The company's accounts receivable increased by 34.99% to CNY 939,026,827.75, primarily due to increased customer receivables from aviation business[41]. - The total assets of the company include CNY 405,790,867.35 in overseas assets, accounting for 4.51% of total assets[42]. Research and Development - Research and development expenses rose by 10.06% to CNY 120,501,118.73 from CNY 109,485,508.94 in the previous year[40]. - Research and development expenses for the first half of 2021 were ¥120,501,118.73, compared to ¥109,485,508.94 in the first half of 2020, reflecting a growth of 10.3%[116]. Environmental Compliance - The company has implemented measures to comply with environmental standards, ensuring that emissions from production processes meet regulatory requirements without exceeding limits[58]. - The wastewater treatment station meets the Class I discharge standards of the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) with all pollutant concentrations compliant and no exceedances reported[61]. - The company has maintained compliance with environmental noise standards, ensuring that operational noise levels do not exceed regulatory limits[58]. - The noise pollution control measures include the installation of shock-absorbing bases and soundproofing equipment, effectively reducing noise levels[63]. - Regular environmental self-monitoring is conducted, with results showing compliance with national standards for emissions and noise pollution[68]. Corporate Governance - The company has not reported any changes in its board of directors or senior management during the reporting period[54]. - The company has not proposed any profit distribution or capital reserve increase plans for the reporting period[54]. - The company has committed to avoiding competition with its controlling shareholders and related parties, ensuring no direct or indirect competition with its main business activities[74]. - The controlling shareholder pledged to conduct any unavoidable related transactions fairly and reasonably, adhering to market rules and protecting the interests of all shareholders[74]. - There were no significant lawsuits or arbitration matters during the reporting period[79]. Shareholder Information - The total number of shares increased from 487,962,086 to 683,146,921 after a capital reserve conversion of 195,184,835 shares, representing a 40% increase in share capital[86]. - The largest shareholder, Huoshan Yingliu Investment Management Co., Ltd., holds 185,824,982 shares, accounting for 27.20% of total shares[89]. - The company has a total of 24,658 common stock shareholders as of the end of the reporting period[91]. Financial Instruments and Accounting Policies - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[168]. - The company employs specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition[167]. - Financial assets measured at fair value with changes recognized in profit or loss include trading financial liabilities and derivatives, with gains or losses recognized in the current period unless part of a hedging relationship[183]. - The company assesses expected credit losses based on the risk of default, with the loss recognized as the present value of the difference between all contractual cash flows and expected cash flows[191]. Risk Management - The company faces risks from fluctuations in raw material prices, including scrap steel and nickel, which can impact pricing stability and operational performance[50]. - The company exports products primarily in USD, GBP, and EUR, making it susceptible to exchange rate fluctuations that could adversely affect operations[50]. - The company has taken proactive measures to manage the risks associated with the ongoing COVID-19 pandemic, which could impact downstream demand and international operations[50].

Financial Performance - The company's operating revenue for 2020 was CNY 1,833,129,761.65, a decrease of 1.47% compared to CNY 1,860,466,263.02 in 2019[21] - Net profit attributable to shareholders for 2020 was CNY 201,614,666.94, representing a significant increase of 54.28% from CNY 130,684,191.09 in 2019[21] - The net profit after deducting non-recurring gains and losses was CNY 143,056,787.07, up 69.99% from CNY 84,156,328.30 in the previous year[21] - Basic earnings per share for 2020 was CNY 0.41, a 36.67% increase compared to CNY 0.30 in 2019[25] - The weighted average return on equity increased by 1.09 percentage points to 5.47% in 2020 from 4.38% in 2019[25] - Total operating income for Q4 2020 was CNY 479,591,792.25, with a net profit attributable to shareholders of CNY 70,075,115.27[26] - The company reported a net cash flow from operating activities of CNY -87,356,948.09 for the year 2020[30] - The company's total revenue for 2020 was 1,833,129,761.65 RMB, a slight decrease of 1.47% compared to the previous year[45] - The company reduced its operating costs by 5.39% to 1,129,115,827.68 RMB[45] Assets and Liabilities - As of the end of 2020, the total assets amounted to CNY 8,203,381,287.14, reflecting a growth of 10.13% from CNY 7,448,953,514.99 at the end of 2019[24] - The net assets attributable to shareholders reached CNY 3,780,564,470.35, an increase of 5.13% from CNY 3,596,227,676.43 in 2019[24] - Accounts receivable increased significantly to CNY 39.37 million, representing 0.48% of total assets, up 1,267.39% from the previous period due to increased domestic revenue and longer credit terms for domestic customers[66] - Construction in progress rose to CNY 1,633.03 million, accounting for 19.93% of total assets, a 62.02% increase from the previous period, primarily due to investments in high-temperature alloy precision casting and aerospace industrial park projects[66] - Intangible assets increased to CNY 665.41 million, making up 8.11% of total assets, a 63.96% increase from the previous period, mainly due to the acquisition of land use rights[66] - Deferred income increased by 60.29% to CNY 421.20 million, representing 5.14% of total assets, primarily due to an increase in government subsidies recognized as deferred income[66] Dividends and Share Capital - The company plans to distribute a cash dividend of CNY 1.24 per 10 shares, totaling CNY 60,507,298.66 based on the total share capital of 487,962,086 shares as of December 31, 2020[6] - The company intends to increase its share capital by 4 shares for every 10 shares held, resulting in a new total share capital of approximately 683,146,921 shares[6] - For the year 2020, the company distributed a cash dividend of 1.24 yuan per 10 shares, amounting to approximately 60.51 million yuan, representing 30.01% of the net profit attributable to ordinary shareholders[85] Research and Development - The company has over 100 patents and proprietary technologies, contributing to its competitive edge in high-end equipment manufacturing[38] - The company’s total R&D investment amounted to ¥298,320,085.69, representing 16.27% of total revenue[61] - Research and development expenses decreased by 6.79% to 224,189,104.37 RMB[48] - The company successfully completed 60-hour durability tests for two new engine models, YLWZ130 and YLWZ190, laying a solid foundation for their certification[44] - The company is actively involved in national key research and development programs, collaborating with several prestigious research institutions[38] Market and Industry Position - The company exports to over 30 countries, serving nearly 100 clients, including more than ten Fortune 500 companies[33] - The company ranks first in export volume among valve component manufacturers in China[39] - In 2020, the company's domestic revenue increased by 47.08%, surpassing international revenue for the first time in nearly a decade[44] - Revenue from the aerospace new materials and components sector grew by 80.45% year-on-year[44] - Revenue from the nuclear energy new materials and components sector increased by 10.65% year-on-year, with minimal impact from the pandemic[44] Risk Management - The company has provided a risk statement regarding forward-looking statements, indicating potential risks in future plans and strategies[6] - The company faces risks from fluctuations in raw material prices, particularly scrap steel and nickel, which could impact pricing stability and operating performance[81] - The company is exposed to exchange rate risks due to its export sales denominated in foreign currencies, primarily USD, GBP, and EUR[81] - The company has implemented measures to manage risks associated with the COVID-19 pandemic, which could affect downstream industry demand and international customer operations[81] Corporate Governance - The company has established a comprehensive risk management system to ensure the rights and interests of all shareholders[1] - The company has a clear governance structure with independent decision-making and supervision mechanisms[1] - The company has implemented a performance evaluation mechanism for senior management, assessing their performance quarterly and annually[177] - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in internal controls[178] - The company has not received any administrative regulatory measures requiring rectification from regulatory authorities during the reporting period[167] Environmental Responsibility - The company emphasizes environmental protection, adopting advanced equipment and technologies to minimize pollutant emissions and implementing clean production practices[114] - The company produces minimal waste, with effective waste management systems in place, ensuring compliance with environmental standards[115] - Anhui Yingliu Machinery Co., Ltd. has established a wastewater treatment station that processes wastewater to meet the first-level discharge standards of the "Comprehensive Discharge Standard for Wastewater" (GB8978-1996) before releasing it into the municipal pipeline[122] - The company has a comprehensive emergency response plan for environmental incidents, enhancing the ability to manage and mitigate environmental emergencies[124] Employee Relations - The company has implemented a labor contract system, providing employees with social insurance including pension, medical, unemployment, work injury, and maternity insurance[1] - The company has established a welfare system that includes social insurance and housing fund contributions, along with annual training and team-building activities[162] - The company has a dynamic salary management policy that incentivizes employee performance based on market conditions and company profitability[162] - The company has implemented a training program that includes both internal and external training to enhance employee skills and knowledge[163] Audit and Compliance - The company has engaged Tianjian Accounting Firm for auditing services, with a fee of CNY 900,000 for the year[96] - The company has no significant changes in accounting policies or estimates that would impact financial reporting[96] - The company has no outstanding debts or court judgments against it, maintaining a good credit status[99] - The audit report indicates that the auditors have obtained reasonable assurance that the financial statements are free from material misstatement[189]