证券代码：603321 证券简称：梅轮电梯 公告编号：2023-014 浙江梅轮电梯股份有限公司 关于召开2022年度业绩说明会的公告 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 5 月 10 日（星期三）下午 15:00-16:00 三、参加人员 会议召开时间：2023 年 5 月 10 日（星期三）下午 15:00-16:00 会议召开地点：全景网"投资者关系互动平台"（https://ir.p5w.net） 会议召开方式：视频 + 网络文字互动 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： （二）会议召开地点：全景网"投资者关系互动平台"（https://ir.p5w.net） （三）会议召开方式：视频 + 网络文字互动 投资者可以在 2023 年 5 月 5 日（星期五）下午 17:00 前将需要了解的情况 和关注的问题预先发送至公司电子邮箱（fuq@zjml.cc），公司将在说明会上就投资者 普遍关注的问题进行回答。 一、说明会类型 浙江梅轮电梯股份有限公司（以下简称"公司"）于 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥311,227,862.31, representing a 15.27% increase compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥15,645,414.91, an increase of 89.70% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥13,880,208.58, up 80.73% from the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.05, reflecting a 66.67% increase compared to the same period last year[6]. - Net profit for the third quarter of 2022 was ¥46,054,095.56, compared to ¥33,393,527.82 in the same quarter of 2021, reflecting a growth of approximately 37.8%[20]. - The net profit attributable to the parent company shareholders for Q3 2022 was ¥46,001,594.04, an increase from ¥34,150,954.05 in Q3 2021, representing a growth of approximately 34.5%[21]. - Basic and diluted earnings per share for Q3 2022 were both ¥0.15, up from ¥0.11 in Q3 2021, indicating a 36.4% increase[22]. - The total comprehensive income for Q3 2022 was ¥42,051,592.92, compared to ¥33,387,933.40 in Q3 2021, marking an increase of about 25.9%[21]. Revenue and Costs - Total operating revenue for the first three quarters of 2022 reached ¥810,095,673.94, an increase from ¥696,129,210.25 in the same period of 2021, representing a growth of approximately 16.3%[19]. - Total operating costs for the first three quarters of 2022 were ¥780,123,061.59, up from ¥662,129,037.81 in 2021, indicating an increase of about 17.8%[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,976,916,753.30, a 2.38% increase from the end of the previous year[6]. - The total assets of the company as of September 30, 2022, were ¥1,976,916,753.30, compared to ¥1,930,983,201.15 at the end of 2021, marking an increase of about 2.4%[16]. - Total liabilities increased to ¥843,307,751.13 from ¥812,669,117.78, reflecting a rise of approximately 3.8%[17]. - Total liabilities reached approximately $812.67 million, with current liabilities totaling around $789.87 million[28]. - The total liabilities and shareholders' equity combined also amounted to approximately $1.93 billion, consistent with total assets[28]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥150,321,654.22, with a significant increase in cash received from sales[9]. - Cash flow from operating activities for the first nine months of 2022 was ¥150,321,654.22, a significant increase compared to ¥1,442,642.82 in the same period of 2021[23]. - Total cash and cash equivalents at the end of Q3 2022 reached ¥500,973,593.40, compared to ¥78,940,142.60 at the end of Q3 2021, reflecting a substantial increase[24]. - Cash inflow from investment activities for Q3 2022 was ¥258,082,750.00, compared to ¥204,273,972.00 in Q3 2021, showing an increase of approximately 26.4%[24]. - The net cash flow from financing activities in Q3 2022 was ¥10,300,000.00, a recovery from a net outflow of ¥45,700,000.00 in Q3 2021[24]. Shareholder Information - The company reported a total of 15,688 common shareholders at the end of the reporting period[11]. - The top two shareholders, Qian Xuelin and Qian Xuegen, hold 36.07% and 26.12% of the shares, respectively[11]. Research and Development - Research and development expenses for the first three quarters of 2022 were ¥30,231,929.89, compared to ¥24,796,255.80 in the same period of 2021, representing an increase of about 21.7%[20]. Government Subsidies - The company received government subsidies amounting to ¥1,107,294.28 during the reporting period[8]. Inventory and Receivables - Accounts receivable decreased to ¥282,198,950.20 from ¥300,871,003.13, showing a reduction of about 6.2%[15]. - Inventory as of September 30, 2022, was ¥214,576,742.34, down from ¥276,457,361.40, indicating a decrease of approximately 22.4%[15].

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 498,867,811.63, representing a 17.07% increase compared to RMB 426,119,056.26 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was RMB 30,356,179.13, up 17.19% from RMB 25,903,506.48 year-on-year[17]. - The net profit after deducting non-recurring gains and losses decreased by 36.79% to RMB 11,632,538.65, primarily due to a decline in gross margin influenced by the real estate market[17]. - The net cash flow from operating activities was RMB 89,964,664.13, a significant improvement from a negative RMB 1,756,916.48 in the previous year[17]. - The total profit for the same period was CNY 33.11 million, reflecting an 18.51% increase compared to the previous year[42]. - Investment income for the first half of 2022 was CNY 19.58 million, accounting for 59.13% of total profit, significantly impacting overall profitability[46]. - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 89.96 million, compared to a negative cash flow in the previous year[47]. - The company reported a tax expense of CNY 3,728,899.22, up from CNY 1,283,867.53 in the previous year, reflecting a 190.5% increase[111]. Earnings and Shareholder Returns - The basic earnings per share increased by 25.00% to RMB 0.10, compared to RMB 0.08 in the same period last year[18]. - The company reported a decrease in the basic earnings per share after deducting non-recurring gains and losses by 33.33% to RMB 0.04, down from RMB 0.06 in the previous year[18]. - The company distributed dividends amounting to ¥30,700,000.00 during the period[119]. - The company reported a profit distribution of CNY -30,700,000.00 for the first half of 2022, which is an increase from CNY -15,350,000.00 in the first half of 2021[128]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,958,345,919.53, reflecting a 1.42% increase from RMB 1,930,983,201.15 at the end of the previous year[17]. - As of June 30, 2022, the company's total assets amounted to CNY 1.96 billion, with total liabilities of CNY 840.69 million, resulting in a debt-to-asset ratio of 42.93%[42]. - Total liabilities rose to CNY 840,686,099.99, compared to CNY 812,669,117.78, indicating an increase of about 3.1%[101]. - The total equity at the end of the first half of 2022 was CNY 923,429,574.05, a decrease from CNY 927,173,157.81 at the end of the first half of 2021[128]. Market and Industry Trends - The elevator industry in China has seen rapid growth, with the number of elevators in use reaching 8.7998 million by the end of 2021, making China the country with the largest elevator ownership globally[26]. - The market is transitioning from a manufacturing-focused model to a service-oriented model, indicating a strategic transformation in the industry[26]. - There is a significant increase in demand for the renovation of elevators that have been in use for over 10 years, creating new market opportunities for companies[27]. - The elevator market is expected to continue growing, driven by factors such as urbanization and the demand for modernization in existing buildings[26]. Innovation and R&D - The company has developed various new products and technologies, including ultra-high-speed passenger elevators and large-capacity freight elevators, enhancing its core competitiveness[36]. - The company has a strong focus on R&D, collaborating with universities and research institutions to enhance its technological capabilities[39]. - Research and development expenses increased by 25.11% to CNY 18.07 million, indicating a focus on innovation and quality improvement[47]. - The company emphasizes independent innovation, having developed advanced technologies such as VVVF variable frequency control and remote monitoring technology, which are applied in its products[39]. Operational Strategy - The company maintains a full industry production operation model, covering all aspects from material procurement to production and maintenance[29]. - The company adopts a "make to order" production model, primarily producing customized elevator products based on customer specifications[31]. - The sales network of the company has expanded nationwide, utilizing both direct sales and distribution channels to meet diverse customer needs[31]. - The company is committed to investing resources in brand development, channel upgrades, and service quality improvements to enhance its market position[27]. Environmental Responsibility - The company has implemented a comprehensive environmental protection system and has not faced any penalties for violating environmental regulations since its establishment[70]. - The company actively responds to national policies on carbon peak and carbon neutrality, enhancing its environmental responsibility[74]. - The company has established a solid waste management system to ensure proper disposal and minimize secondary pollution[73]. - Wastewater discharged by the company meets the Grade 1 standard of the Comprehensive Wastewater Discharge Standard (GB8978-1996) after treatment[70]. Governance and Compliance - The company received an administrative regulatory measure decision from the China Securities Regulatory Commission on June 30, 2022, and has completed the required rectification[84]. - There were no significant lawsuits or arbitration matters during the reporting period[84]. - The company guarantees that it will not occupy any funds or assets of the company for personal reasons[82]. - The company has committed to strictly adhering to the agreements related to any related party transactions[81]. Shareholder Information - Total number of ordinary shareholders as of the end of the reporting period is 16,990[90]. - The largest shareholder, Qian Xuelin, holds 110,722,000 shares, accounting for 36.07% of total shares[92]. - The second largest shareholder, Qian Xuegen, holds 80,178,000 shares, representing 26.12% of total shares[92]. Financial Reporting and Accounting - The financial statements are prepared based on the going concern principle, indicating that the company has the ability to continue its operations for at least 12 months from the reporting date[134]. - The company adheres to the accounting policies and estimates that reflect its actual production and operational characteristics, ensuring compliance with relevant accounting standards[135]. - The company recognizes goodwill in non-same-control mergers when the acquisition cost exceeds the fair value of identifiable net assets acquired[140]. - The company uses the effective interest method to calculate interest income for financial assets measured at amortized cost[152].

Financial Performance - The company's operating revenue for 2021 was RMB 1,059,606,185.57, representing a 46.01% increase compared to RMB 725,713,791.13 in 2020[20] - The net profit attributable to shareholders of the listed company decreased by 14.05% to RMB 43,909,620.70 from RMB 51,086,290.43 in the previous year[20] - The net cash flow from operating activities was RMB 34,678,201.49, a decrease of 55.23% compared to RMB 77,466,931.25 in 2020[20] - The total assets of the company increased by 8.74% to RMB 1,930,983,201.15 at the end of 2021 from RMB 1,775,757,246.28 at the end of 2020[20] - The basic earnings per share for 2021 was RMB 0.14, down 17.65% from RMB 0.17 in 2020[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 49.19% to RMB 36,484,802.34 from RMB 24,455,581.37 in 2020[20] - The gross profit margin for the company was 23.54%, with a net profit attributable to shareholders of CNY 43,909,600, a decrease of 14.05% year-on-year[51] - Operating costs rose to CNY 810,203,317.32, reflecting a 48.15% increase compared to the previous year, primarily due to increased sales and rising raw material prices[52] - Cash flow from operating activities decreased by 55.23% to CNY 34,678,201.49, attributed to slower collection of accounts receivable[52] Market and Industry Trends - The elevator industry in China continues to grow, driven by urbanization and infrastructure investment, with a focus on new installations and upgrades[31] - The demand for old elevator renovations is increasing, creating new market opportunities for the company[31] - By the end of 2021, the number of elevators in use in China reached 8.7998 million, indicating significant market potential for innovation and transformation[34] - The company is focusing on expanding its market presence in the elevator industry, which is experiencing significant growth due to urbanization and infrastructure development[87] Product Development and Innovation - The company continues to focus on the research, production, and sales of elevators and related components, with applications in various sectors including residential and commercial[36] - The company has developed a range of new products and technologies, including ultra-high-speed passenger elevators and large-capacity freight elevators, enhancing its core competitiveness[41] - The company plans to increase investment in R&D and innovation, targeting high-quality, cost-effective products to enhance competitiveness, while continuously improving existing product processes for comfort, safety, and reliability[89] - The company intends to expand its product offerings to include high-performance, energy-efficient elevators and automatic escalators, while also targeting opportunities in the aging community renovation market[90] Financial Management and Governance - The company has committed to improving its governance structure and internal controls in accordance with national laws and regulations[107] - The company has established various specialized committees under the board to facilitate informed decision-making[105] - The company has maintained transparency in information disclosure, ensuring timely and accurate reporting to all investors[107] - The company has not reported any significant differences in governance compared to regulatory requirements[108] - The company has a comprehensive evaluation mechanism for senior management, assessing performance across various criteria, including work achievements and ethical conduct[135] Human Resources and Management - The company has a total of 190,900,000 shares held by its technical director, Shen Fu[113] - The management team has extensive experience in the elevator industry, with key members having held positions in various related companies[115] - The company has implemented a training plan combining internal and external training to meet employee growth and company development needs[126] - The company aims to enhance its human resources management system to attract and retain talent, focusing on various fields such as mechanical manufacturing, software design, and marketing[94] Environmental Responsibility - The company has implemented a comprehensive environmental protection system and has not faced any penalties for violating environmental regulations since its establishment[141] - Wastewater discharged by the company meets the Grade 1 standard of the Comprehensive Wastewater Discharge Standard (GB8978-1996) after treatment, ensuring no impact on the surrounding water environment[142] - The company has achieved compliance with the Grade 2 emission standards for air pollutants (GB16297-1966) through the use of advanced dust recovery equipment[142] - The company is actively preparing to apply for a national-level green factory status in response to the national "carbon peak, carbon neutrality" policy[145] Shareholder and Executive Compensation - The total pre-tax compensation for Qian Xuelin was 80.28 million yuan, while other executives received between 3.7 million and 46.95 million yuan[113] - The remuneration for directors and senior management is determined based on industry salary levels and job complexity[117] - Total remuneration for all directors, supervisors, and senior management was CNY 3,152,939.50 at the end of the reporting period[117] Risk Management - The company faces risks from macroeconomic fluctuations and policy changes that could impact the elevator industry and its performance, necessitating close monitoring of economic trends[96] - Increased competition in the industry requires the company to adapt its strategies and enhance product quality to maintain market share and performance[97] - The company emphasizes risk management and stable operations, aiming to enhance internal control systems and optimize resource allocation[101] Investment and Financial Activities - The company has invested RMB 200,000,000 in bank wealth management products, with the entire amount still outstanding and no overdue amounts[177] - The company provided guarantees totaling RMB 20,818,000 for its subsidiaries during the reporting period, with a remaining balance of RMB 7,903,000 at the end of the period, representing 0.71% of the company's net assets[174] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[166]

Financial Performance - The company's operating revenue for Q1 2022 was ¥177,109,827.65, representing a year-on-year increase of 35.70%[5] - The net profit attributable to shareholders decreased by 4.84% to ¥2,700,110.04 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses increased by 30.51% to ¥1,502,019.71[5] - Total operating revenue for Q1 2022 reached ¥177,109,827.65, a 35.6% increase from ¥130,519,715.67 in Q1 2021[16] - Net profit for Q1 2022 was ¥2,511,813.27, slightly up from ¥2,501,917.56 in Q1 2021, representing a 0.4% increase[17] - Total comprehensive income for Q1 2022 was ¥2,507,834.08, slightly down from ¥2,508,542.05 in Q1 2021[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,892,042,709.96, a decrease of 2.02% from the end of the previous year[6] - Total current assets as of March 31, 2022, amounted to ¥984,993,086.89, a decrease from ¥1,012,417,744.87 as of December 31, 2021, reflecting a decline of approximately 2.5%[13] - Cash and cash equivalents decreased to ¥109,548,010.00 from ¥137,871,203.63, representing a decline of about 20.5%[13] - Accounts receivable decreased to ¥266,962,483.68 from ¥300,871,003.13, indicating a reduction of approximately 11.3%[13] - Inventory increased to ¥295,338,510.02 from ¥276,457,361.40, showing an increase of about 6.9%[14] - Total liabilities decreased to ¥772,757,454.50 from ¥812,669,117.78, a reduction of approximately 4.9%[15] - Total assets as of March 31, 2022, were ¥1,892,042,709.96, down from ¥1,930,983,201.15, reflecting a decrease of about 2.0%[14] - The company's equity attributable to shareholders increased slightly to ¥1,118,129,619.54 from ¥1,116,970,150.68, a marginal increase of approximately 0.1%[15] Cash Flow and Financing - The cash flow from operating activities was negative at -¥47,872,506.28, indicating increased cash outflows[5] - The company reported a net cash outflow from operating activities of ¥47,872,506.28, compared to a net outflow of ¥30,017,666.56 in Q1 2021[19] - The company raised ¥30,000,000.00 through financing activities in Q1 2022, compared to a cash outflow of ¥15,000,000.00 in the same period last year[20] Shareholder Information - The company reported a total of 20,038 common shareholders at the end of the reporting period[10] - The top two shareholders, Qian Xuelin and Qian Xuegen, hold 36.07% and 26.12% of shares respectively, indicating significant ownership concentration[10] Operating Costs and Expenses - The company experienced a 42.67% increase in operating costs, corresponding to the rise in operating revenue[8] - Total operating costs increased to ¥181,982,871.63, up 38.8% from ¥131,142,757.42 in the same period last year[16] - Research and development expenses for Q1 2022 were ¥7,604,650.28, an increase from ¥6,080,689.16 in Q1 2021, reflecting a focus on innovation[16] - The company recorded a credit impairment loss of ¥5,938,171.70 in Q1 2022, significantly higher than ¥1,035,985.40 in Q1 2021[17] Strategic Initiatives and Outlook - The company has not disclosed any significant new strategies or product developments during the reporting period[12] - Future outlook and performance guidance were not provided in the content[21] - Market expansion and acquisition strategies were not discussed in the document[21] - No additional strategic initiatives were highlighted in the content[21] Accounting and Reporting Changes - The company announced the implementation of new accounting standards starting from 2022, affecting the financial statements from the beginning of the year[21] - The first quarter report for 2022 was released on April 29, 2022, indicating a significant update in financial reporting practices[21] - The document primarily serves as a formal announcement regarding accounting standards and reporting[21] - No specific financial performance metrics or user data were disclosed in the document[21] - There were no mentions of new products or technology developments in the report[21] - The report does not include any specific numerical data or percentage changes related to financial performance[21] - The company’s board of directors issued the announcement, indicating a formal communication of financial reporting changes[21]

Financial Performance - The company's operating revenue for Q3 2021 was ¥270,010,153.99, representing a year-on-year increase of 50.87%[5] - The net profit attributable to shareholders for Q3 2021 was ¥8,247,447.57, a decrease of 36.39% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥7,679,981.29, down 38.66% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.03, a decline of 40.00% compared to the previous year[6] - The net profit for the third quarter of 2021 was ¥33,393,527.82, a decrease of 12.3% from ¥38,267,383.37 in the same quarter of 2020[19] - The net profit attributable to the parent company's shareholders for Q3 2021 was ¥34,150,954.05, a decrease of 11.5% compared to ¥38,518,117.57 in Q3 2020[20] - The total comprehensive income for Q3 2021 was ¥33,387,933.40, down from ¥38,243,573.36 in the same period last year, reflecting a decline of approximately 12.5%[20] - The basic earnings per share for Q3 2021 was ¥0.11, compared to ¥0.13 in Q3 2020, indicating a decrease of 15.4%[20] Cash Flow and Investments - The cash flow from operating activities for the year-to-date period decreased by 94.47% to ¥1,442,642.82[6] - Cash inflows from operating activities for the first three quarters of 2021 totaled ¥827,483,840.47, an increase of 32.3% from ¥625,631,559.44 in the same period of 2020[21] - The net cash flow from operating activities for the first three quarters of 2021 was ¥1,442,642.82, a significant increase from ¥26,107,164.94 in the previous year[21] - Cash outflows from investing activities for the first three quarters of 2021 amounted to ¥254,743,176.85, compared to ¥299,806,250.53 in the same period of 2020, showing a decrease of 15.1%[22] - The net cash flow from investing activities for the first three quarters of 2021 was -¥50,469,204.85, a decline from ¥245,778,649.08 in the previous year[22] - The company reported a cash outflow of ¥45,700,000.00 from financing activities in Q3 2021, compared to an outflow of ¥14,191,305.00 in the same period last year[22] - The company experienced a negative impact of ¥9,160.59 from foreign exchange fluctuations on cash and cash equivalents during Q3 2021[22] Assets and Liabilities - The total assets as of September 30, 2021, were ¥1,909,746,691.71, an increase of 7.55% from the end of the previous year[6] - The company's total assets as of September 30, 2021, amounted to ¥1,909,746,691.71, an increase from ¥1,775,757,246.28 at the end of 2020[16] - Current assets totaled ¥979,678,011.80, up from ¥879,549,094.96 at the end of 2020, reflecting a growth of 11.3%[16] - The company's total liabilities increased to ¥792,725,690.59 from ¥675,291,344.63, marking a rise of 17.4%[16] - Total liabilities reached approximately $675.29 million, with current liabilities at $658.98 million and non-current liabilities at $16.31 million[26] - Shareholders' equity totaled approximately $1.10 billion, with the equity attributable to the parent company at $1.10 billion[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,480[11] - Major shareholders include Qian Xuelin with 36.07% and Qian Xuegen with 26.12% of the shares[11] Costs and Expenses - Total operating costs for the first three quarters of 2021 were ¥662,129,037.81, up 39.8% from ¥473,723,502.62 in the previous year[18] - Research and development expenses for the third quarter of 2021 were ¥24,796,255.80, an increase of 23.4% compared to ¥20,101,306.30 in the same quarter of 2020[19] - The company reported a financial expense income of -¥3,014,093.84, improving from -¥6,303,151.47 in the same period last year[19] Inventory and Receivables - The company reported accounts receivable of approximately $177.73 million and inventory of approximately $229.03 million[25] - Inventory levels rose to ¥347,296,025.74, up 51.7% from ¥229,033,703.56 at the end of 2020[15] Other Financial Metrics - The weighted average return on equity for Q3 2021 was 0.73%, a decrease of 0.46 percentage points year-on-year[6] - The company has a capital reserve of approximately $344.86 million and undistributed profits of approximately $383.42 million[27] - The company has contract liabilities amounting to approximately $216.26 million, indicating future revenue obligations[26] - The total amount of other current assets is approximately $37.97 million, contributing to the liquidity position[25] - The company has a deferred income tax liability of approximately $1.65 million, reflecting tax obligations[26] - The total comprehensive income includes a special reserve of approximately $27.72 million, indicating retained earnings for future investments[27]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 426,119,056.26, representing a 36.47% increase compared to RMB 312,243,950.93 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was RMB 25,903,506.48, a 1.38% increase from RMB 25,551,629.75 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 353.13%, reaching RMB 18,403,902.18 compared to RMB 4,061,529.56 in the same period last year[19]. - The basic earnings per share after deducting non-recurring gains and losses rose from RMB 0.01 to RMB 0.06, reflecting the increase in net profit attributable to shareholders[19]. - The total profit amounted to CNY 27.94 million, a decrease of 5.13% year-on-year, while the net profit attributable to shareholders was CNY 25.90 million, an increase of 1.38%[46]. - The company reported a net profit of CNY 25,357,519.53, which is a slight decrease from CNY 25,423,753.11, reflecting a decrease of 0.3%[117]. - The total comprehensive income for the period was CNY 25,348,358.94, compared to CNY 25,438,735.32 in the previous year, showing a slight decrease of 0.4%[118]. - The total comprehensive income for the first half of 2021 was CNY 14,908,576.39, compared to CNY 21,652,314.80 in the same period of 2020, representing a decrease of approximately 31.2%[122]. Assets and Liabilities - The company's total assets increased by 5.16% to RMB 1,867,470,566.54 from RMB 1,775,757,246.28 at the end of the previous year[18]. - The company's total equity attributable to shareholders reached ¥1,133,913,088.61, up from ¥1,099,032,697.31, indicating a growth of 3.2%[110]. - The total liabilities amounted to ¥732,670,260.54, an increase of 8.5% from ¥675,291,344.63 in the previous year[110]. - The total current liabilities were CNY 713,028,613.36, up from CNY 658,981,683.98, reflecting an increase of about 8.2%[109]. - The company reported a decrease in accounts payable from CNY 322,747,276.61 to CNY 287,275,948.07, a reduction of approximately 11%[109]. - The total liabilities and owner's equity at the end of the current period is 1,134,800,306.00, showing a healthy balance sheet position[131]. Cash Flow - The net cash flow from operating activities decreased by 209.53%, resulting in a net outflow of RMB 1,756,916.48 compared to a net inflow of RMB 1,603,985.65 in the previous year[18]. - Cash inflows from operating activities amounted to CNY 507,060,292.36, an increase of 42.8% from CNY 355,283,664.62 in the first half of 2020[123]. - Cash outflows from operating activities totaled CNY 508,817,208.84, up from CNY 353,679,678.97 in the same period last year, reflecting an increase of 44%[123]. - The company reported a net cash outflow from financing activities of CNY 25,335,000.00, compared to a net outflow of CNY 14,701,305.00 in the first half of 2020[124]. Market and Industry Trends - The elevator industry is experiencing a strategic transformation from manufacturing-focused to service-oriented, driven by increased competition and market consolidation[25]. - The demand for upgrading and retrofitting elevators over 10 years old is growing explosively, creating new market opportunities for the company[26]. - The competitive landscape is intensifying, with both international and domestic brands striving to expand their market share[25]. Research and Development - Research and development expenses increased by 18.79% to CNY 14.45 million, reflecting the company's commitment to innovation[49]. - The company emphasizes digital transformation and the application of new technologies to enhance product quality and user experience[26]. - The company has developed and launched several new products and technologies, including ultra-high-speed passenger elevators and heavy-duty freight elevators, enhancing its core competitiveness[37]. Corporate Governance and Compliance - The company guarantees that no related party transactions will occur with the controlling shareholder or entities they control unless unavoidable, and these will be conducted under normal commercial terms[83]. - The company has committed to ensuring the authenticity, accuracy, and completeness of the prospectus for its issuance and listing, taking legal responsibility for any false statements or omissions[89]. - The company has established measures to ensure compliance with commitments, including potential salary reductions for responsible executives[91]. Environmental Responsibility - The company has implemented an environmental management system and achieved ISO14001:2015 certification in July 2018, with no penalties for environmental violations since its establishment[75]. - Wastewater is treated to meet the Grade 1 discharge standard before being released into the Qiantang River, ensuring no impact on the surrounding water environment[75]. - The company has committed to increasing research efforts for new product development while improving material utilization and reducing energy consumption and pollution emissions[78]. Shareholder Relations - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling RMB 15,350,000.00 based on the total share capital of 307,000,000 shares[4]. - The company’s board approved the profit distribution plan on August 20, 2021, which is subject to shareholder approval[72]. - The controlling shareholder and actual controller commit to increase their holdings by at least RMB 30 million within three months if the stock price stabilization measures are triggered[86].

Financial Performance - The company's operating revenue for 2020 was RMB 725,713,791.13, a decrease of 1.53% compared to RMB 736,956,590.28 in 2019[19] - The net profit attributable to shareholders of the listed company increased by 29.04% to RMB 51,086,290.43 from RMB 39,590,249.05 in the previous year[19] - The net cash flow from operating activities decreased by 24.38% to RMB 77,466,931.25, down from RMB 102,445,559.94 in 2019[19] - The total assets of the company increased by 9.93% to RMB 1,775,757,246.28 at the end of 2020, compared to RMB 1,615,422,460.82 at the end of 2019[19] - The basic earnings per share rose by 30.77% to RMB 0.17 in 2020, up from RMB 0.13 in 2019[20] - The weighted average return on equity increased to 4.72% in 2020, compared to 3.77% in 2019, reflecting a growth of 0.95 percentage points[20] - The net profit after deducting non-recurring gains and losses was RMB 24,455,581.37, a decrease of 5.78% from RMB 25,956,835.29 in 2019[19] - The company's net assets attributable to shareholders increased by 3.91% to RMB 1,099,032,697.31 at the end of 2020, compared to RMB 1,057,664,933.05 at the end of 2019[19] - The total profit for 2020 was CNY 57.34 million, an increase of 22.94% year-on-year, while the net profit attributable to shareholders rose by 29.04% to CNY 51.09 million[48] - The company reported a comprehensive gross margin of 24.99% for 2020, with a net asset return rate of 4.72%, up by 0.95 percentage points from the previous year[49] Cash Flow and Investments - The company's cash flow from operating activities decreased by 24.38% to CNY 77.47 million, indicating challenges in cash generation[51] - The cash flow from financing activities is 17,610,442.17 CNY, compared to a negative cash flow of -9,540,000.00 CNY in the previous year[62] - The company has invested a total of RMB 120,555,249.45 in the Hangzhou-Shaoxing-Tai Railway PPP project as of December 31, 2020[73] - The company completed an investment of RMB 25,000,000 in the Suzhou Wujiang Greenway Industrial Investment Fund[76] - The company has invested RMB 207,000,000 in bank wealth management products, with an expected annual return rate between 1.8% and 4.0%[118] Market and Product Development - The company’s main products include various types of elevators and escalators, with a focus on customized solutions based on client specifications[26][27][28] - The company operates under a "make-to-order" production model, ensuring that production aligns with customer orders and specifications[32] - The elevator industry is undergoing a strategic transformation from manufacturing-focused to service-oriented, creating new opportunities for leading companies[34] - The company has developed new products and technologies, including high-speed passenger elevators and heavy-duty freight elevators, significantly enhancing its core competitiveness[37] - The company plans to expand its market presence by focusing on high-performance, energy-saving elevators and automatic escalators[81] Research and Development - The company holds 274 authorized patents as of December 31, 2020, with 59 new patents granted during the reporting period, showcasing its strong R&D capabilities[40] - The company’s R&D expenses increased by 7.45% to CNY 30.10 million, indicating a focus on innovation and product development[51] - Research and development expenses for 2020 were CNY 30,098,954.18, an increase of 7.4% from CNY 28,012,843.59 in 2019[189] Marketing and Sales Strategy - The marketing strategy includes both direct sales and distribution partnerships, with a strong emphasis on domestic sales[33] - The marketing service network has expanded to cover over 30 countries and regions globally, enhancing the company's market presence[44] - The marketing network will be strengthened, with a focus on increasing elevator sales coverage in first and second-tier cities and expanding into third-tier cities[82] Corporate Governance and Shareholder Relations - The company has maintained a stable core management team with extensive industry experience, contributing to sustainable development[45] - The company distributed a cash dividend of RMB 0.50 per 10 shares, totaling RMB 15,350,000.00 for the year 2020, based on a total share capital of 307,000,000 shares[91] - The profit distribution plan for 2020 was approved at the annual shareholders' meeting held on May 15, 2020, and implemented on June 11, 2020[91] - The company has a cash dividend policy that has remained unchanged, with a distribution plan of RMB 0.50 per share for the 2018 fiscal year[90] Environmental and Social Responsibility - The company has not experienced any major environmental incidents in 2020 and has met all monitoring standards for waste gas, waste water, and noise emissions[125] - The company has implemented an environmental management system and obtained ISO 14001:2015 certification in July 2018, ensuring compliance with environmental regulations[125] - In 2020, the company made a total charitable donation of 720,000 RMB, reflecting its commitment to social responsibility[124] Risks and Challenges - The company is facing risks from macroeconomic fluctuations and intensified market competition, which could impact performance if not managed effectively[86] - The company has implemented cost control measures to address risks from raw material price fluctuations, including establishing annual procurement plans with suppliers[87] Employee Management and Development - The company has established a comprehensive compensation and benefits system, providing various employee benefits including five insurances and one fund, housing subsidies, and additional leave, contributing to a significant increase in employee income[123] - The company has implemented a training plan combining internal and external training to meet employee growth and company development needs[155] - The company emphasizes the importance of training and developing high-quality management and operational personnel to enhance overall operational efficiency[83]

Financial Performance - Operating revenue surged by 112.50% to CNY 130,519,715.67 from CNY 61,420,593.84 year-on-year[5] - Net profit attributable to shareholders reached CNY 2,837,380.21, a significant recovery from a loss of CNY 2,473,133.37 in the same period last year[5] - Revenue for Q1 2021 reached ¥130,519,715.67, a 112.50% increase compared to ¥61,420,593.84 in Q1 2020, primarily due to recovery from the pandemic impact[12] - Net profit for Q1 2021 was ¥2,501,917.56, a significant recovery from a net loss of ¥2,473,133.37 in Q1 2020[13] - The basic earnings per share improved to ¥0.01 from a loss of ¥0.01, reflecting the increase in net profit[13] - The total comprehensive income for Q1 2021 was ¥1,795,706.16, contrasting with a total comprehensive loss of ¥2,305,664.57 in Q1 2020[30] Cash Flow - The net cash flow from operating activities improved to -CNY 30,017,666.56, compared to -CNY 86,997,357.94 in the previous year, indicating a positive trend[5] - Operating cash flow increased by 144.02% to ¥225,393,460.99 from ¥92,366,382.66, driven by higher sales revenue[13] - The cash flow from operating activities showed a net outflow of ¥30,017,666.56 in Q1 2021, an improvement from a net outflow of ¥86,997,357.94 in Q1 2020[32] - The cash flow from investment activities showed a net outflow of 12,563,935.25 RMB, a decrease of 71.12% from 43,510,513.86 RMB in the previous period[14] - The cash flow from financing activities showed a net outflow of -15,000,000.00 RMB, primarily due to debt repayment[14] Assets and Liabilities - Total assets increased by 3.73% to CNY 1,842,026,329.41 compared to the end of the previous year[5] - The total assets as of March 31, 2021, amounted to 1,842,026,329.41 RMB, an increase from 1,775,757,246.28 RMB at the end of 2020[18] - The total liabilities as of March 31, 2021, were 739,073,685.71 RMB, compared to 675,291,344.63 RMB at the end of 2020[19] - The company's total assets as of March 31, 2021, amounted to ¥1,541,233,769.07, an increase from ¥1,476,635,516.34 at the end of 2020[22] - Total liabilities as of March 31, 2021, were ¥612,264,905.10, compared to ¥549,462,358.53 at the end of 2020, reflecting a growth of 11.4%[23] Shareholder Information - The number of shareholders reached 18,515, with the top ten shareholders holding a significant portion of shares[9] - The largest shareholder, Qian Xuelin, holds 36.07% of the shares, followed by Qian Xuegen with 26.12%[9] - The company's equity attributable to shareholders was ¥928,968,863.97 as of March 31, 2021, slightly up from ¥927,173,157.81 at the end of 2020[23] Research and Development - R&D expenses rose to ¥6,080,689.16, an increase of 84.16% from ¥3,301,893.40, attributed to higher investment in R&D[12] - Research and development expenses for Q1 2021 were ¥6,080,689.16, an increase of 84.5% compared to ¥3,301,893.40 in Q1 2020[25] Inventory and Receivables - The company's inventory increased to 266,419,499.95 RMB, up from 229,033,703.56 RMB in the previous period[18] - Accounts receivable financing increased by 30.59% to CNY 5,477,242.49, attributed to an increase in acceptance bill collections[11] - The accounts receivable decreased to 151,848,495.85 RMB from 177,730,152.47 RMB in the previous period[18] Financial Income and Expenses - Non-operating income included government subsidies amounting to CNY 1,705,237.32, contributing to the overall financial performance[7] - Interest income surged by 142.08% to ¥1,353,301.59 from ¥559,032.00, reflecting increased bank deposit interest[12] - The company reported a significant decrease in investment income, down 100% to ¥0 due to unredeemed financial products[12] - The company reported a financial expense of -¥1,201,586.95 in Q1 2021, compared to -¥189,217.03 in Q1 2020, indicating a significant change in financial costs[26]

Financial Performance - Net profit attributable to shareholders increased by 24.61% to CNY 38,518,117.57 for the period from January to September[6] - The company reported a net profit of CNY 16,582,681.50 after deducting non-recurring gains and losses, a decrease of 3.85% year-on-year[6] - Revenue for the first nine months decreased by 2.10% to CNY 491,212,624.59 compared to the same period last year[6] - Basic earnings per share increased by 30.00% to CNY 0.13 from CNY 0.10 in the previous year[7] - The company's net profit for the first three quarters of 2020 was ¥491,212,624.59, compared to ¥501,772,304.35 in the same period of 2019, indicating a decline of about 2.1%[31] - The total comprehensive income for Q3 2020 was CNY 12,804,838.04, compared to CNY 6,895,025.89 in Q3 2019, indicating an increase of around 85.5%[33] - The company reported a total profit of CNY 14,812,412.73 in Q3 2020, compared to CNY 10,783,525.63 in Q3 2019, marking an increase of around 37.3%[32] Assets and Liabilities - Total assets increased by 2.51% to CNY 1,655,996,847.97 compared to the end of the previous year[6] - The total liabilities of the company as of September 30, 2020, were RMB 573,345,430.60, compared to RMB 557,757,527.77 at the end of 2019[24] - The company's equity attributable to shareholders was RMB 1,081,922,151.57, up from RMB 1,057,664,933.05 at the end of 2019[24] - Total assets rose to ¥1,492,572,912.25 from ¥1,467,746,844.57, marking an increase of approximately 1.7%[28] - Total liabilities increased from ¥559,757,045.12 to ¥573,066,508.11, reflecting a rise of about 2.4%[28] Cash Flow - Operating cash flow decreased by 59.48% to CNY 26,107,164.94 due to a reduction in cash received from sales[7] - Cash flow from operating activities for the first nine months of 2020 was CNY 26,107,164.94, down 59.5% from CNY 64,428,402.18 in the same period of 2019[38] - The net cash flow from operating activities for Q3 2020 was CNY 6,148,048.29, a significant decrease of 87.06% compared to CNY 47,470,078.19 in Q3 2019[42] - Total cash inflow from operating activities for the first nine months of 2020 was CNY 625,631,559.44, a decrease of 8.2% compared to CNY 681,735,370.08 in 2019[38] - The total cash inflow from investment activities was CNY 997,874,679.61, an increase of 1.01% from CNY 981,885,427.70 in the previous year[42] Shareholder Information - The total number of shareholders reached 21,014 as of the report date[11] - The top two shareholders, Qian Xuelin and Qian Xuegen, hold 36.07% and 26.12% of the shares, respectively[12] Government Support and Investments - The company received government subsidies amounting to CNY 6,785,032.04 during the reporting period[9] - The company has committed RMB 25,000,000 as a limited partner in the Suzhou Wujiang Green Pulse Industrial Investment Center, indicating strategic investment activity[17] - The company plans to continue investing approximately ¥180 million in the new factory project of Jiangsu Starde Elevator Co., Ltd., with total investment reaching ¥119 million to date[16] Inventory and Accounts Receivable - The company reported a 49.98% increase in inventory, reaching ¥163,733,156.48, mainly due to an increase in goods dispatched[13] - The company reported an increase in accounts receivable to RMB 210,912,663.11 from RMB 198,747,342.07 year-over-year[22] - Inventory increased significantly from ¥70,094,706.54 to ¥134,572,334.82, representing an increase of about 92.2%[27] Research and Development - Research and development expenses for Q3 2020 were ¥7,940,516.38, slightly down from ¥8,589,364.89 in Q3 2019, indicating a focus on cost management[31] - Research and development expenses for Q3 2020 were CNY 4,488,560.55, down from CNY 5,488,686.56 in Q3 2019, indicating a reduction of about 18.2%[35] Operational Efficiency - Total operating costs for Q3 2020 were ¥165,216,001.71, down from ¥174,003,700.86 in Q3 2019, reflecting a cost reduction of approximately 5.4%[31] - The company's operating costs for Q3 2020 were CNY 82,218,946.24, compared to CNY 100,864,766.30 in Q3 2019, reflecting a decrease of approximately 18.5%[35] - The company reported a decrease in sales expenses to CNY 6,925,546.09 in Q3 2020 from CNY 11,353,523.98 in Q3 2019, a reduction of approximately 39.5%[35]