Financial Performance - The company's operating revenue for Q1 2022 was CNY 261.66 million, representing a 28.97% increase compared to CNY 158.07 million in the same period last year[3]. - Net profit attributable to shareholders was CNY 34.47 million, up 39.59% from CNY 24.95 million year-over-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 31.49 million, reflecting a 52.25% increase from CNY 20.17 million in the previous year[3]. - Basic earnings per share decreased by 7.41% to CNY 0.25 from CNY 0.27 in the same period last year[3]. - Net profit for Q1 2022 reached CNY 33,577,246.27, representing a 39% increase from CNY 24,174,538.25 in Q1 2021[19]. - Earnings per share for Q1 2022 were CNY 0.25, slightly down from CNY 0.27 in Q1 2021[19]. - The company’s total comprehensive income for Q1 2022 was CNY 33,577,246.27, compared to CNY 24,174,538.25 in Q1 2021[19]. Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net outflow of CNY 44.94 million compared to a net inflow of CNY 34.80 million in the same period last year, marking a -231.45% change[3]. - Cash flow from operating activities for Q1 2022 was negative at CNY -44,944,693.21, compared to a positive CNY 34,192,263.71 in Q1 2021[19]. - The company reported a decrease in cash received from sales to CNY 130,512,230.69 in Q1 2022, down from CNY 159,581,653.85 in Q1 2021[19]. - Investment activities generated a net cash flow of -1,729,751.54 in Q1 2022, compared to -55,455,850.32 in Q1 2021[20]. - Total cash inflow from investment activities was 119,749,403.14, significantly higher than 18,195,096.12 in the previous year[20]. - Cash outflow for investment activities totaled 121,479,154.68, up from 73,650,946.44 year-over-year[20]. - Financing activities produced a net cash flow of 41,313,202.00, compared to 20,870,907.51 in Q1 2021[20]. - Cash inflow from financing activities was 101,451,452.63, compared to 52,000,000.00 in the previous year[20]. - Cash outflow for financing activities increased to 60,138,250.63 from 31,129,092.49 year-over-year[20]. - The ending balance of cash and cash equivalents was 34,646,096.24, down from 41,849,375.17 in Q1 2021[20]. - The company reported a decrease in cash and cash equivalents of -5,373,819.07, compared to -383,703.49 in the previous year[20]. - The company received 101,451,452.63 in cash related to financing activities, which included 52,000,000.00 from borrowings[20]. - The company paid 49,423,197.58 in cash for debt repayment, an increase from 30,000,000.00 in Q1 2021[20]. Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 1,254.50 million, a slight decrease of 0.41% from CNY 1,259.62 million at the end of the previous year[4]. - Total current assets as of March 31, 2022, amount to ¥895,549,174.16, a decrease from ¥901,512,435.75 at the end of 2021[13]. - Accounts receivable increased to ¥273,278,134.71 from ¥230,866,321.26 year-over-year[13]. - Total liabilities decreased to ¥281,975,176.14 from ¥311,102,415.18 year-over-year[14]. - The company’s total assets amount to ¥1,254,496,189.70, slightly down from ¥1,259,615,038.99[13]. - The company’s inventory stands at ¥112,189,835.29, a slight decrease from ¥113,190,910.91[13]. - The company’s total equity remains stable at ¥587,520,013.56[14]. - The company’s short-term borrowings decreased significantly to ¥23,026,583.33 from ¥72,506,802.16[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,184[10]. - The top shareholder, Yang Min, holds 43,132,320 shares, representing 31.01% of total shares[10]. Research and Development - Research and development expenses increased by 32.35%, indicating a commitment to innovation and product development[7]. - Research and development expenses increased to CNY 7,532,024.35 in Q1 2022, up 32% from CNY 5,690,871.86 in Q1 2021[16]. Other Income - The company reported a significant increase in contract liabilities by 288.75%, attributed to an increase in advance payments received[7]. - The company experienced a 101.54% rise in other income, primarily due to increased government subsidies[7].

Dividend and Share Capital - The company plans to distribute a cash dividend of 2.2 CNY per 10 shares, totaling approximately 30.27 million CNY, which represents 30.73% of the net profit attributable to shareholders for 2021[5]. - The total cash dividend, including share repurchase amounts, is projected to be 46.04 million CNY, accounting for 46.74% of the net profit attributable to shareholders[5]. - The company intends to increase its total share capital by 3 shares for every 10 shares held, resulting in an estimated total share capital of 178.88 million shares post-distribution[6]. - A total of 865,000 shares were repurchased at a cost of 15.77 million yuan to support the company's long-term development and employee incentive mechanisms[41]. - The company plans to distribute cash dividends of no less than 20% of the distributable profit for each year from 2021 to 2023, contingent on achieving positive net profit[126][127]. - The company has established a cash dividend policy with a minimum distribution ratio of 40% for significant capital expenditure arrangements during its growth phase[128]. - For 2021, the company plans to distribute a cash dividend of 2.2 CNY per 10 shares and a capital reserve increase of 3 shares per 10 shares, pending shareholder approval[129]. Financial Performance - The company's operating revenue for 2021 was CNY 825,917,296.75, representing a 43.52% increase compared to CNY 575,481,354.97 in 2020[25]. - The net profit attributable to shareholders of the listed company for 2021 was CNY 98,498,103.23, an 18.15% increase from CNY 83,368,873.17 in 2020[25]. - The net cash flow from operating activities decreased by 48.29% to CNY 16,605,944.12 in 2021 from CNY 32,111,627.67 in 2020[25]. - The total assets at the end of 2021 were CNY 1,259,615,038.99, an 8.08% increase from CNY 1,165,464,622.90 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.77, a decrease of 17.20% compared to CNY 0.93 in 2020[26]. - The weighted average return on equity for 2021 was 12.56%, an increase of 0.59 percentage points from 11.97% in 2020[27]. - The company reported a net profit of CNY 24,690,515.60 in Q1 2021, with total operating revenue of CNY 202,889,093.78 for the same quarter[29]. - The net profit attributable to shareholders for Q4 2021 was CNY 13,796,449.72, with an operating revenue of CNY 218,319,036.20[29]. - The company recognized government subsidies amounting to CNY 3,544,749.95 in 2021, which are closely related to its normal business operations[32]. - The company reported a significant loss of 767.33 million in its subsidiary Qingdao Weisheng Electronic Plastic Co., Ltd., indicating challenges in that segment[84]. Shareholder and Governance - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report[4]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - The company is committed to improving corporate governance by adhering to relevant laws and regulations, ensuring transparency and fairness in shareholder meetings[97]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[98]. - The company has held multiple shareholder meetings in 2021, with all proposed resolutions being approved, indicating strong shareholder support[100]. - The company is focusing on strategic measures to maintain independence from its controlling shareholder, ensuring operational autonomy[99]. - The company has a robust mechanism for profit distribution, ensuring that any funds misappropriated by shareholders are deducted from their dividends[128]. - The company emphasizes the protection of minority shareholders' rights and provides opportunities for them to express their opinions[130]. - The company has not faced any penalties from securities regulatory authorities in the past three years, ensuring compliance and governance[111]. Research and Development - The company is focusing on product R&D to enhance product value, particularly in energy-saving and multifunctional glass door designs[39]. - The company expanded its patent portfolio to a total of 44 patents, including 17 invention patents and 27 utility model patents by December 31, 2021[39]. - Research and development expenses increased by 57.81% to 26,354,182.37 RMB, indicating a strong focus on innovation[53]. - The company is actively involved in the research and development of new technologies, including low-radiation coated glass and JC-152 hollow glass doors[103]. Market and Industry Trends - The company is addressing the growing market demand driven by the booming beverage industry, with significant orders from major beverage companies[43]. - The low-temperature storage equipment industry is experiencing a rapid growth phase, driven by urbanization and rising consumer demands for energy-saving and intelligent refrigeration products[87]. - The company is focusing on expanding its product application scenarios, particularly in new retail cabinets, supermarkets, biomedicine refrigeration, and high-end refrigerators[90]. - The industry is witnessing an increase in concentration, favoring companies with independent technology and strong R&D capabilities, which positions the company favorably for future growth[86]. Risk Management - The company has outlined potential risks in its future plans and development strategies, advising investors to be cautious[8]. - The company recognizes the risk of fluctuations in the refrigeration and home appliance industry, which could impact its sales and overall performance[92]. - The company faces a high customer concentration risk, with major clients contributing significantly to revenue, which could adversely affect performance if any key client experiences operational difficulties[93]. - The company is implementing measures to reduce raw material price fluctuation risks, including refining production management and establishing long-term supplier relationships[94]. Employee and Social Responsibility - The company has maintained a strong commitment to social responsibility, focusing on integrity, innovation, cooperation, and win-win development[140]. - The company has provided a safe working environment and paid social insurance for employees, ensuring their rights and benefits[140]. - The company has established a training system to enhance employee competency, combining internal and external training[124]. - The company has established a multi-level incentive mechanism to enhance employee performance and optimize the compensation system[140]. Financial Management and Audit - The company’s internal control system was continuously improved to enhance decision-making efficiency and ensure compliance with legal regulations[134]. - The company’s internal control audit report for 2021 received a standard unqualified opinion, indicating effective internal control measures[136]. - The internal control audit fee was set at 21.2 million RMB, indicating a focus on maintaining compliance and governance standards[152]. - The company has engaged Tianjian Accounting Firm for its auditing needs, which has been in place for 11 years, ensuring experienced oversight[152]. Convertible Bonds - The company issued convertible bonds totaling RMB 191,565,000, with a face value of RMB 100 per bond, amounting to 1,915,650 bonds[192]. - The convertible bonds have a maturity period of six years, from May 31, 2019, to May 30, 2025, with an initial conversion price set at RMB 19.75 per share[194]. - The total amount converted from the bonds was RMB 146,995,000, resulting in 10,681,787 shares converted, which represents 14.37% of the total shares before conversion[196]. - The company triggered the conditional redemption clause for the convertible bonds, which will be redeemed early on December 31, 2021, due to the stock price exceeding 130% of the conversion price for 15 trading days[200].

Financial Performance - The company's operating revenue for Q3 2021 was approximately ¥150.81 million, a decrease of 1.60% compared to the same period last year, while year-to-date revenue increased by 43.34% to ¥423.89 million[4] - The net profit attributable to shareholders for Q3 2021 was approximately ¥19.80 million, down 21.50% year-on-year, with a year-to-date net profit of ¥84.70 million, an increase of 23.60% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥16.94 million for Q3 2021, a decrease of 30.00% year-on-year, while year-to-date it was ¥72.46 million, up 28.53%[4] - The basic earnings per share for Q3 2021 was ¥0.15, down 21.05% from ¥0.19 in the same period last year, while the diluted earnings per share was ¥0.14, down 26.32%[5] - Total operating revenue for the first three quarters of 2021 reached ¥607,598,260.55, a significant increase of 43.4% compared to ¥423,889,705.48 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was ¥82,247,841.47, representing a 25.4% increase from ¥65,545,727.27 in the same period of 2020[22] - Earnings per share for the first three quarters of 2021 were ¥0.66, compared to ¥0.54 in the same period of 2020[22] Assets and Liabilities - The company's total assets at the end of Q3 2021 were approximately ¥1.22 billion, an increase of 4.60% from the end of the previous year[5] - As of September 30, 2021, the total assets of the company amounted to RMB 1,220,390,276.18, an increase from RMB 1,166,753,401.15 at the end of 2020[16] - The company's total liabilities as of the end of the third quarter of 2021 amounted to ¥403,521,079.06, an increase from ¥395,603,478.18 at the end of the previous year[19] - The total equity attributable to shareholders reached ¥802,535,548.35, up from ¥754,362,462.16 in the same period of 2020[19] - The company reported a total capital stock of 91,738,503.00 and a capital reserve of 346,709,138.92[29] - The total amount of other payables was 16,440,922.04, including payable dividends of 390,600.00[29] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at approximately -¥48.57 million, a significant decrease of 236.94% compared to the previous year[4] - Cash flow from operating activities for the first three quarters of 2021 was ¥457,320,828.33, compared to ¥313,656,203.91 in the same period of 2020[23] - Operating cash inflow for Q3 2021 totaled CNY 481,256,877.05, an increase from CNY 331,956,854.19 in Q3 2020, representing a growth of approximately 45%[24] - Net cash outflow from operating activities was CNY -48,570,573.73, compared to a positive cash flow of CNY 35,468,040.48 in the same period last year[24] - Total cash and cash equivalents at the end of Q3 2021 were CNY 36,430,999.07, down from CNY 134,567,559.33 at the end of Q3 2020[25] Investments and Acquisitions - The company acquired a 20% stake in Qingdao Weisheng Electronics Plastic Co., Ltd. for ¥11.32 million, which will be included in the consolidated financial statements[6] - The company completed the acquisition of a 20% stake in Qingdao Weisheng for RMB 11,324,800, increasing its ownership to 60%[13] - Qingdao Weisheng reported a revenue of RMB 148,404,377.73 in 2020, with a net loss of RMB 10,582,361.21[13] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥18,073,452.99, an increase of 53.0% compared to ¥11,819,336.64 in the same period of 2020[20] Other Financial Metrics - The company reported non-recurring gains of approximately ¥2.86 million for Q3 2021, a decrease from ¥12.24 million in the same period last year[9] - The company experienced a decrease in gross profit margin, which impacted the net profit attributable to shareholders after deducting non-recurring gains and losses[9] - The increase in operating revenue was primarily driven by the completion of initial projects and increased production capacity, leading to a rise in sales orders[9] - The company's accounts receivable increased to RMB 182,823,742.96 from RMB 155,063,349.73 year-over-year[16] - The company’s inventory as of September 30, 2021, was RMB 96,174,014.27, up from RMB 80,986,592.88[17] - The company’s cash and cash equivalents were reported at RMB 133,249,401.87, down from RMB 142,850,078.66 at the end of 2020[16] - The company’s short-term borrowings stood at RMB 60,434,083.10, slightly decreased from RMB 60,640,525.21[17] - The company’s total liabilities included accounts payable of RMB 108,992,014.00, which increased from RMB 72,380,000.00[17]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥370,102,885.39, representing an increase of 84.95% compared to ¥200,110,407.07 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥65,492,507.93, up 48.16% from ¥44,203,637.63 in the previous year[21]. - The net cash flow from operating activities was ¥24,631,657.27, a significant recovery from a negative cash flow of ¥57,443,138.18 in the same period last year[21]. - The total assets of the company as of June 30, 2021, amounted to ¥1,209,110,925.20, reflecting a 12.65% increase from ¥1,073,381,275.89 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 5.40% to ¥786,265,258.89 from ¥745,978,025.67 at the end of the previous year[21]. - Basic earnings per share for the first half of 2021 were ¥0.51, a 41.67% increase from ¥0.36 in the same period last year[22]. - The weighted average return on net assets rose to 8.46%, an increase of 1.73 percentage points compared to 6.73% in the previous year[22]. - The company achieved a revenue of 370.10 million yuan in the reporting period, representing a year-on-year growth of 84.95%[38]. - Net profit attributable to shareholders reached 65.49 million yuan, an increase of 48.16% compared to the previous year[38]. - The net profit excluding non-recurring gains and losses was 54.35 million yuan, up 78.81% year-on-year[38]. Research and Development - The company has completed over 30 R&D projects in recent years, with 17 recognized as provincial new products, maintaining a leading position in the industry[35]. - Research and development expenses rose by 66.33% to ¥12,913,630.49, compared to ¥7,763,842.04, reflecting the company's commitment to enhancing R&D capabilities[42]. - The company focuses on innovation and R&D, enhancing the added value of its products, particularly in energy-saving features[39]. - The company is actively developing new product applications, including customized glass doors for smart retail cabinets and medical equipment[40]. Market and Industry Trends - The company operates in the low-temperature storage equipment sector, focusing on the design, research, production, and sales of glass door bodies and deep-processed glass products[29]. - The global commercial refrigerator market size was approximately 23 million units in 2020, with a potential market size of RMB 50 billion and a compound annual growth rate of 19.5% from 2018 to 2020[30]. - The trend in low-temperature storage equipment is towards energy efficiency, personalization, and intelligence, leading to increased prices for individual units[31]. - The growth of strong beverage companies in China has led to increased demand for beverage cabinets, enhancing market opportunities for the company[31]. Corporate Governance and Shareholder Relations - The company has not reported any non-operational fund occupation by controlling shareholders or related parties during the reporting period[5]. - The company distributed cash dividends totaling RMB 25,678,955.12 and increased share capital by 36,684,222 shares through a capital reserve conversion, with a per-share increase of 0.4 shares[24]. - The company has maintained a good credit status, with no unfulfilled court judgments or significant debts unpaid as of the reporting period[79]. - The company has experienced changes in its board of directors, with new appointments made in early 2021[61]. Financial Position and Liabilities - The total liabilities as of June 30, 2021, amounted to 422,845,666.31 yuan, with a stable credit rating of "AA" for the convertible bonds[114]. - The company's total assets as of June 30, 2021, reached 1,209,110,925.20 yuan, an increase from 1,073,381,275.89 yuan at the end of 2020[119]. - The total current liabilities increased from 196,011,044.65 yuan to 285,417,552.84 yuan[119]. - The long-term debt, including bonds payable, was 128,664,850.65 yuan, slightly up from 126,120,930.80 yuan[119]. Investment and Acquisitions - The company acquired a 20% stake in Qingdao Weisheng for ¥11,868,000 to enhance its regional presence in Shandong Qingdao[46]. - The company invested 51.5 million yuan in the Tianfang Silicon Valley Intelligent Manufacturing No. 1 private equity fund, which subsequently acquired 80% of EXIS TECH for 156 million yuan[48]. - The investment in private equity is part of a broader strategy to expand market presence and enhance technological capabilities[48]. Risk Management - The company faces risks from high customer concentration, with major clients significantly impacting revenue; strategies to diversify the customer base are in place[55]. - The main raw materials include various types of glass and plastic, with price fluctuations potentially affecting profit margins; the company aims to manage costs through refined production processes[55]. - The company plans to strengthen R&D and improve product quality to mitigate risks associated with fluctuations in the refrigeration and home appliance industry[54]. Environmental and Social Responsibility - The company reported a cumulative power generation of 1.1334 million kWh from its photovoltaic rooftop system in the first half of 2021, contributing to reduced carbon emissions[67]. - The company provided over 150 job positions for disabled individuals, actively contributing to rural revitalization efforts[68]. Accounting Policies and Financial Reporting - The company's accounting policies comply with the requirements of enterprise accounting standards[153]. - The company recognizes its share of assets and liabilities in joint operations based on its ownership interest[160]. - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[161].

Financial Performance - Operating revenue for the period reached CNY 158,068,775.05, an increase of 86.88% year-on-year[6] - Net profit attributable to shareholders increased by 37.29% to CNY 24,948,504.27 compared to the same period last year[6] - The net profit excluding non-recurring gains and losses rose by 67.17% to CNY 20,168,439.76 year-on-year[6] - Basic and diluted earnings per share increased by 28.57% to CNY 0.27 per share[6] - The company reported a significant increase in other income, which rose by 107.61% to ¥3,221,160.00, attributed to increased government subsidies[13] - Net profit for Q1 2021 reached ¥24,948,504.27, representing a 37.2% increase compared to ¥18,172,341.47 in Q1 2020[25] - In Q1 2021, the company's net profit reached CNY 25,104,102.13, a significant increase of 40.3% compared to CNY 17,885,220.29 in Q1 2020[28] - The total comprehensive income for Q1 2021 was CNY 25,104,102.13, compared to CNY 17,885,220.29 in Q1 2020, indicating a growth of 40.3%[28] Assets and Liabilities - Total assets increased by 7.40% to CNY 1,152,798,762.52 compared to the end of the previous year[6] - The company's total liabilities increased to ¥381,569,535.61 from ¥327,403,250.22, reflecting ongoing financial commitments[17] - Total assets as of Q1 2021 amounted to ¥1,159,370,143.31, an increase from ¥1,079,697,509.23 in the previous year[21] - Total liabilities for Q1 2021 were ¥388,052,151.70, compared to ¥333,786,316.72 in Q1 2020, reflecting a 16.2% increase[21] Cash Flow - The net cash flow from operating activities was ¥34,799,811.74, a substantial improvement from a negative cash flow of ¥990,581.64 in Q1 2020[13] - Operating cash flow for Q1 2021 was CNY 34,799,811.74, a turnaround from a negative cash flow of CNY -990,581.64 in Q1 2020[31] - Cash flow from financing activities increased by 119.91% to ¥21,275,091.37, primarily due to increased borrowings[13] - Cash inflow from financing activities was $22,000,000, primarily from borrowings[34] - Net cash flow from financing activities amounted to $9,674,500, after accounting for cash outflows of $325,500[34] Costs and Expenses - Operating costs rose to ¥120,277,850.08, reflecting a 103.77% increase from ¥59,025,473.87 in the previous year, driven by higher raw material prices and labor costs[13] - Total operating costs for Q1 2021 were ¥135,741,134.90, up 90% from ¥71,554,944.53 in Q1 2020[24] - R&D expenses increased by 93.75% to ¥5,690,871.86 from ¥2,937,200.27, indicating a significant boost in investment in research and development[13] - The company reported a research and development expense of ¥5,690,871.86 for Q1 2021, which is a significant increase from ¥2,937,200.27 in Q1 2020[24] - The company’s financial expenses increased to CNY 3,171,833.21 in Q1 2021, compared to CNY 1,203,387.21 in Q1 2020, marking a rise of 163.5%[28] Shareholder Information - The number of shareholders reached 11,073, with the top two shareholders holding 61.15% of the shares[10] Government Support - The company received government subsidies amounting to CNY 67,160.00, which are closely related to its normal business operations[6] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24] - The company plans to continue investing in R&D to enhance product offerings and market competitiveness[30]

Financial Performance - The company's operating revenue for 2020 was ¥427,076,977.24, representing a 25.60% increase compared to ¥340,031,384.86 in 2019[24] - The net profit attributable to shareholders for 2020 was ¥85,494,639.32, a 38.79% increase from ¥61,598,251.41 in 2019[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥62,507,966.72, up 22.41% from ¥51,062,840.51 in 2019[24] - The net cash flow from operating activities for 2020 was ¥30,878,833.07, a decrease of 87.41% compared to ¥245,315,676.47 in 2019[24] - The total assets at the end of 2020 were ¥1,073,381,275.89, reflecting a 15.23% increase from ¥931,536,904.70 at the end of 2019[24] - The net assets attributable to shareholders at the end of 2020 were ¥745,978,025.67, an increase of 17.81% from ¥633,228,672.64 at the end of 2019[24] - The basic earnings per share for 2020 were ¥0.95, a 35.71% increase from ¥0.70 in 2019[25] - The diluted earnings per share for 2020 was CNY 0.95, an increase of 35.71% compared to CNY 0.70 in 2019[26] - The net profit attributable to shareholders for Q4 2020 was CNY 15,474,955.63, with a total annual net profit of CNY 85,494,639.32, reflecting a significant year-on-year growth[29] Dividend and Share Capital - The company plans to distribute a cash dividend of ¥2.8 per 10 shares, totaling approximately ¥25,678,940.84, which accounts for 30.04% of the net profit attributable to shareholders[7] - The company intends to increase its total share capital by 4 shares for every 10 shares held through capital reserve conversion, resulting in an estimated total share capital of 128,394,704 shares[7] - The total share capital is expected to increase to 128,394,704 shares after a capital reserve transfer of 4 shares for every 10 shares held[91] Operational Insights - The company’s main business involves the design, research and development, production, and sales of low-temperature storage equipment glass doors and deep-processed glass products[36] - The company has established stable partnerships with well-known clients such as Haier, Midea Group, and Hisense, enhancing its market foundation[44] - The company focuses on customized production based on client needs, which has become a significant competitive advantage[42] - The company has a complete production chain capability for low-temperature storage equipment glass doors, which helps reduce costs and improve response times[43] - The company is actively exploring new applications in glass deep processing to expand its business development space[40] - The company has implemented a customized order production model, allowing for high-quality and stable supply to clients[42] Research and Development - The company has a strong R&D capability, having developed a complete business system from product technology development to after-sales service[41] - The company has invested a total of 146.96 million RMB in its initial public offering fundraising projects by December 31, 2020[48] - The company holds a total of 38 patents, including 17 invention patents and 21 utility model patents as of December 31, 2020[47] - R&D expenses rose by 19.03% to ¥16,699,613.77, accounting for 3.91% of total revenue[62] Market and Competitive Landscape - The company is responding to market demands for energy-saving, personalized, and intelligent low-temperature storage equipment[44] - The demand for cold chain logistics equipment is expected to grow rapidly due to high food waste rates in the fresh food sector, driven by increased consumer safety requirements and changes in consumption structure[78] - The application scenarios for low-temperature storage equipment are broadening, with increasing demand in commercial properties and residential areas due to urbanization[78] - The gross margin of the main products is under pressure from market competition and customer demands for price reductions, which could lead to decreased orders and margins if competitive advantages are not maintained[86] Financial Management and Risks - The company has developed a strategy to mitigate raw material price risks through long-term supplier partnerships and strategic reserves[86] - The company faces risks related to fluctuations in the refrigeration and home appliance industries, which could impact demand for its products[84] - The company has a high customer concentration risk, as a significant portion of its revenue comes from a limited number of clients, making it vulnerable to changes in their business conditions[84] Corporate Governance and Compliance - The company emphasizes the importance of maintaining shareholder rights and has implemented a structured governance framework to ensure compliance with legal regulations[128] - The company has not faced any penalties from securities regulatory agencies in the past three years[177] - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[196] Social Responsibility - The company is actively engaged in social responsibility initiatives, including poverty alleviation efforts[123] - A total of RMB 12.6 million was allocated for poverty alleviation, with RMB 6.58 million specifically for educational poverty alleviation[126] - The company plans to continue implementing multi-faceted poverty alleviation strategies, including employment and educational support[127] Shareholder Information - The top two shareholders, Yang Min and Yang Aiyong, hold 33.58% and 27.57% of the shares, respectively, with a total of 56.85% combined[157] - The company does not have any controlling shareholder situation, ensuring a more diversified ownership structure[162] - The company has not reported any mergers or acquisitions during the year[167] Audit and Internal Controls - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in internal controls during the reporting period[192] - The audit committee held 5 meetings during the reporting period to review and supervise the company's periodic reports, financial reports, and special reports on raised funds[188] Employee and Management Structure - The management team includes experienced professionals with backgrounds in finance, technology, and sales, enhancing the company's strategic capabilities[171] - The total number of employees in the parent company was 538, while the total number of employees including major subsidiaries was 602[178] - The company has established a training system to enhance employee competency, combining internal and external training[180]

Financial Performance - Net profit attributable to shareholders rose by 49.02% to CNY 70,019,683.69 year-on-year[6] - Operating revenue increased by 28.49% to CNY 318,702,608.76 for the first nine months of the year[6] - Basic earnings per share rose by 49.06% to CNY 0.79[6] - The net profit for the first three quarters of 2020 is expected to show significant changes compared to the same period last year, but specific figures were not disclosed[14] - The company reported a net profit of ¥79,031,184.27 for the first three quarters of 2020, up 51.7% from ¥52,090,747.26 in the same period of 2019[26] - The net profit for Q3 2020 was ¥26.21 million, up 63.5% from ¥9.63 million in Q3 2019[30] - The total profit for Q3 2020 was ¥28.90 million, an increase of 63.5% from ¥10.28 million in Q3 2019[30] - The company's total comprehensive income for Q3 2020 was ¥26.21 million, compared to ¥9.63 million in Q3 2019, reflecting a growth of 172.5%[30] Assets and Liabilities - Total assets increased by 11.32% to CNY 1,037,024,709.98 compared to the end of the previous year[6] - The company's total assets reached ¥1,042,755,746.75 as of September 30, 2020, up from ¥934,936,165.54 at the end of 2019, marking an increase of 11.5%[23] - The company's total liabilities increased to ¥313,383,887.83 from ¥298,308,232.06, reflecting a rise in accounts payable and other liabilities[19] - Total liabilities as of September 30, 2020, were ¥319,216,723.44, compared to ¥301,457,752.28 at the end of 2019, reflecting a growth of 5.9%[23] - Total current assets as of September 30, 2020, amounted to ¥806,009,460.38, an increase of 13.7% from ¥708,855,529.84 at the end of 2019[22] Cash Flow - The net cash flow from operating activities decreased by 81.54% to CNY 34,384,428.96 compared to the same period last year[6] - The net cash flow from operating activities for the first three quarters of 2020 was ¥34.38 million, down 81.5% from ¥186.24 million in the first three quarters of 2019[33] - In the first three quarters of 2020, the cash inflow from sales of goods and services was approximately ¥246.41 million, a decrease of 31.2% compared to ¥358.74 million in the same period of 2019[33] - The cash balance at the end of the third quarter of 2020 was ¥132.29 million, compared to ¥42.99 million at the end of the third quarter of 2019, indicating a significant increase[34] - The cash outflow for purchasing fixed assets and other long-term assets was ¥33.40 million in the first three quarters of 2020, a decrease of 31.5% from ¥48.80 million in the same period of 2019[34] Shareholder Information - The total number of shareholders reached 11,557 by the end of the reporting period[10] - The largest shareholder, Yang Min, holds 33.58% of the shares, with 30,808,800 shares pledged[10] Government Support and Other Income - The company received government subsidies amounting to CNY 1,196,654.32 during the reporting period[8] - Non-recurring gains and losses totaled CNY 16,625,175.34 for the year-to-date[8] Research and Development - Research and development expenses for Q3 2020 were ¥4,055,494.60, an increase of 62.1% compared to ¥2,500,271.21 in Q3 2019[26] - Research and development expenses for Q3 2020 amounted to ¥4.06 million, representing a 62.1% increase from ¥2.50 million in Q3 2019[29] Investment Income - Investment income surged by 670.10% to ¥16,248,616.21, attributed to increased financial investment returns[13] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥200,110,407.07, representing a 5.25% increase compared to ¥190,122,693.95 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was ¥44,203,637.63, which is a 22.18% increase from ¥36,178,170.00 in the previous year[18]. - The net cash flow from operating activities was negative at -¥57,443,138.18, a significant decrease of 178.95% compared to ¥72,761,222.82 in the same period last year[18]. - Basic earnings per share for the first half of 2020 were ¥0.50, up 21.95% from ¥0.41 in the same period last year[19]. - The weighted average return on equity increased by 0.20 percentage points to 6.73% compared to 6.53% in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥30,395,077.84, a decrease of 5.97% from ¥32,326,452.27 in the same period last year[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥982,414,377.25, reflecting a 5.46% increase from ¥931,536,904.70 at the end of the previous year[18]. - The total liabilities increased to ¥320,842,650.70 from ¥298,308,232.06, marking a rise of about 7.6%[105]. - The total equity attributable to shareholders rose to ¥661,571,726.55 from ¥633,228,672.64, showing an increase of about 4.5%[105]. - The company's cash and cash equivalents decreased by 71.51% to CNY 78,382,700.01, largely due to the previous year's fundraising from convertible bonds[41]. Research and Development - Research and development expenses amounted to 7.76 million yuan, accounting for 3.88% of operating revenue, supporting technological innovation[35]. - The company has made significant investments in R&D, with expenses rising by 8.80% to CNY 7,763,842.04[38]. - The company's research and development expenses were ¥7.76 million, which is an 8.8% increase from ¥7.14 million in the first half of 2019[114]. Market and Competitive Position - The company focuses on customized production based on client needs, which has become a significant competitive advantage[31]. - The company has established stable cooperative relationships with well-known appliance manufacturers, enhancing its market foundation[33]. - The company’s products are primarily used in the refrigeration and home appliance industries, with a focus on low-temperature storage equipment[27]. - The company has implemented a direct sales model to maintain close interaction with customers and respond quickly to market changes[26]. Financial Management and Risks - The company faces risks from high customer concentration, as major clients account for a significant portion of revenue; any adverse changes in these clients' operations could negatively impact the company's performance[49]. - The company is exposed to raw material price fluctuations, with a strong correlation between its performance and the prices of glass and other materials; it aims to manage this risk through strategic supplier relationships and cost control measures[50]. - The company acknowledges the uncertainty in achieving expected results from fundraising projects due to macroeconomic conditions and global market environments[51]. Shareholder and Corporate Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its stock listing[57]. - The controlling shareholders will not reduce their holdings within three years after the company's stock listing[62]. - The company will repurchase shares if the prospectus contains false statements or omissions that materially affect the judgment of compliance with issuance conditions[59]. - The company will ensure compliance with legal and regulatory requirements during the buyback process[59]. Social Responsibility - The company actively engaged in poverty alleviation efforts, including support for impoverished children in Sichuan Province, with a total investment of CNY 165,846[69][71]. - The company has committed to implementing multi-faceted poverty alleviation strategies, including employment and educational support[74]. Accounting and Financial Reporting - The financial statements were prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[135]. - The company adheres to the accounting standards for enterprises, ensuring the financial statements reflect a true and complete picture of its financial status[136]. - The company recognizes revenue based on the transfer of control of goods or services to customers, with specific criteria for determining when control is transferred[193].

浙江三星新材股份有限公司 . 证券代码：603578 证券简称：三星新材 公告编号：临 2020-050 | --- | --- | |------------------------------------------------------------------------|-------| | | | | | | | 关于参加浙江辖区上市公司投资者网上集体 接待日活动的公告 | | | 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。 | | 为进一步加强与投资者特别是中小投资者的沟通交流，浙江三星新材股份有 限公司（以下简称"公司"）将参加由浙江证监局指导、浙江上市公司协会与深 圳市全景网络有限公司共同举办的"凝心聚力 共克时艰"辖区上市公司投资者 网上集体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台举行，投 资者可登录"全景﹒路演天下"网站（http://rs.p5w.net）参与公司本次投资 者网上集体接待日活动，活动时间为 2020 年 5 ...

Financial Performance - Net profit attributable to shareholders rose by 14.95% to CNY 18,172,341.47 year-on-year[6] - Operating revenue decreased by 12.64% to CNY 84,583,226.11 compared to the same period last year[6] - Basic and diluted earnings per share increased by 16.67% to CNY 0.21 per share[6] - Total operating revenue for Q1 2020 was ¥84,583,226.11, a decrease of 12.5% compared to ¥96,822,964.02 in Q1 2019[24] - Net profit for Q1 2020 reached ¥18,172,341.47, an increase of 15.5% from ¥15,808,983.78 in Q1 2019[26] - The company’s total comprehensive income for Q1 2020 was CNY 17,885,220.29, compared to CNY 15,664,916.64 in Q1 2019, marking an increase of 14.0%[30] Assets and Liabilities - Total assets increased by 2.30% to CNY 952,929,200.88 compared to the end of the previous year[6] - The company's total assets as of March 31, 2020, amounted to ¥952,929,200.88, an increase from ¥931,536,904.70 at the end of 2019[19] - The total liabilities of the company were ¥300,038,272.51, slightly up from ¥298,308,232.06 at the end of 2019[19] - Total liabilities for Q1 2020 were ¥304,761,495.24, slightly increased from ¥301,457,752.28 in Q1 2019[23] - The company’s total equity attributable to shareholders increased to ¥652,890,928.37 from ¥633,228,672.64 at the end of 2019[19] - Total equity for Q1 2020 was ¥652,853,547.81, compared to ¥633,478,413.26 in Q1 2019, reflecting a growth of 3.1%[23] Cash Flow - The net cash flow from operating activities was negative at CNY -990,581.64, a decline of 101.61% year-on-year[6] - In Q1 2020, the company reported a net cash flow from operating activities of -¥990,581.64, a decrease of 101.61% compared to Q1 2019[14] - Cash flow from operating activities showed a net outflow of CNY 990,581.64, contrasting with a net inflow of CNY 61,505,205.85 in Q1 2019[32] - The company reported cash and cash equivalents at the end of Q1 2020 amounting to CNY 150,221,911.76, a decrease from CNY 223,412,795.69 at the beginning of the quarter[32] - The company recorded a cash flow from financing activities net amount of 9,674,500.00 RMB[34] Investments and Receivables - The company reported a significant increase in accounts receivable by 396.87% to CNY 37,788,211.30 due to increased bank acceptance settlements[13] - Investment income increased by ¥717,821.03, reaching ¥5,437,344.79, primarily due to increased income from entrusted loans during the reporting period[14] - The company recorded investment income of CNY 5,437,344.79 in Q1 2020, significantly higher than CNY 717,821.03 in the same quarter last year[29] Expenses - Research and development expenses for Q1 2020 were ¥2,937,200.27, down from ¥3,646,911.75 in Q1 2019, indicating a reduction of 19.5%[25] - Sales expenses decreased to CNY 3,110,570.72 from CNY 3,733,845.95, reflecting a reduction of 16.6% year-over-year[29]