证券代码：603580 证券简称：艾艾精工 公告编号：2023-018 艾艾精密工业输送系统（上海）股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 艾艾精密工业输送系统（上海）股份有限公司（以下简称"公 司"）已于 2023 年 4 月 29 日发布公司 2022 年度报告，为便于广大 投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司 计划于 2023 年 6 月 8 日下午 16:00-17:00 举行 2022 年度业绩说明 会，就投资者关心的问题进行交流。 一、说明会类型 会议召开时间：2023 年 6 月 8 日(星期四)下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址： 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 6 月 1 日(星期四)至 6 月 7 日(星期三)16:00 前登录上证路演中心网站首页点击"提问预征集 ...

Financial Performance - The company's operating revenue for 2022 was CNY 176,517,929.99, a decrease of 30.09% compared to CNY 252,483,297.81 in 2021[20]. - The net profit attributable to shareholders for 2022 was a loss of CNY 2,802,152.69, representing a decline of 108.22% from a profit of CNY 34,073,044.29 in 2021[20]. - Basic earnings per share for 2022 was -0.0214 yuan, a decrease of 108.21% compared to 0.2608 yuan in 2021[21]. - Diluted earnings per share for 2022 was also -0.0214 yuan, reflecting the same percentage decrease as basic earnings[21]. - The weighted average return on equity dropped to -0.62% in 2022, down 8.17 percentage points from 7.55% in 2021[21]. - The company reported a total revenue of 34,002,182.36 yuan in Q4 2022, with a total annual revenue of 172,517,929.99 yuan[23]. - The net profit attributable to shareholders in Q2 2022 was 2,118,092.31 yuan, while Q4 2022 showed a significant loss of -5,821,009.64 yuan[23]. - The total comprehensive income for 2022 was -¥3,694,231.29, compared to ¥32,881,161.09 in 2021, reflecting a substantial decrease[159]. - The total profit for 2022 was a loss of ¥3,271,654.66, contrasting with a profit of ¥23,194,595.23 in 2021[162]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 16.92% to CNY 32,749,741.46 in 2022, compared to CNY 28,010,112.04 in 2021[20]. - Operating cash inflow decreased by 19.43% to ¥208.85 million in 2022 compared to ¥259.24 million in 2021[51]. - Operating cash outflow decreased by 23.84% to ¥176.10 million in 2022 from ¥231.23 million in 2021[51]. - The company reported a net decrease in cash and cash equivalents of CNY 38,542,168.27 for 2022, compared to a decrease of CNY 49,604,709.91 in 2021[165]. - The ending balance of cash and cash equivalents was CNY 50,688,140.79, down from CNY 89,230,309.06 at the end of 2021[165]. - Cash inflow from operating activities included CNY 15,647,901.11 in tax refunds, an increase from CNY 10,191,409.49 in 2021[164]. Assets and Liabilities - Total assets at the end of 2022 were CNY 529,933,022.93, down 3.61% from CNY 549,775,026.45 at the end of 2021[20]. - The company's net assets attributable to shareholders decreased by 5.29% to CNY 437,130,028.95 at the end of 2022, compared to CNY 461,544,815.18 at the end of 2021[20]. - Total liabilities increased to CNY 74,981,670.32 in 2022 from CNY 69,699,037.75 in 2021, representing a rise of approximately 7.3%[150]. - The total current assets decreased from CNY 269.7649 million in 2021 to CNY 220.2553 million in 2022, indicating a decline of approximately 18.3%[148]. - Cash and cash equivalents decreased from CNY 89.2303 million in 2021 to CNY 50.6881 million in 2022, a reduction of about 43.3%[148]. Research and Development - The company has a strong focus on R&D and technology innovation, holding multiple invention and utility model patents, with ongoing patent applications[34]. - The company reported a total R&D expenditure of approximately 10.47 million, accounting for 5.93% of total revenue[48]. - The company has developed 15 new utility model patents related to conveyor belts, all obtained through independent research and development, with a validity period of 10 years[62]. Market and Competition - The company operates in the rubber and plastic products industry, specifically in the lightweight conveyor belt sector, which is crucial for various automated production processes[28]. - The domestic market is competitive, with leading companies like Habasit and Ammeraal holding significant market share, while domestic firms are improving their technology and cost efficiency[30]. - The company aims to leverage its technological advancements to compete effectively against established multinational firms in the lightweight conveyor belt market[31]. - The lightweight conveyor belt industry is experiencing significant growth due to the increasing demand for lightweight, safe, and environmentally friendly products, with a notable market opportunity driven by the rapid development of the national economy[74]. Corporate Governance - The company held one shareholders' meeting during the reporting period, which was legally witnessed by a lawyer and disclosed in a timely manner[82]. - The board of directors convened five times during the reporting period, ensuring compliance with legal and regulatory requirements[83]. - The supervisory board also met five times, effectively overseeing the company's operations and protecting shareholder interests[84]. - The company maintains independence from its controlling shareholder, with no instances of fund or asset occupation reported[83]. - The company has established a management system for insider information, ensuring compliance with disclosure regulations[84]. Environmental and Social Responsibility - The company has a commitment to developing environmentally friendly materials and products[11]. - The company does not fall under the category of key pollutant discharge units and has not faced any environmental penalties[112]. - The company has not implemented any carbon reduction measures during the reporting period[114]. Future Outlook and Strategy - The company is focusing on expanding its market presence through new product development and enhancing production capabilities to enter high-end product markets[63]. - The company plans to implement a refined management model and integrate an ERP system to enhance operational efficiency and cost control[77]. - The company is exploring new strategies for market expansion and product development to drive future growth[175]. - The company plans to focus on enhancing its capital structure and improving profitability in the upcoming fiscal year[175].

Financial Performance - The company's operating revenue for 2022 was ¥176,517,929.99, a decrease of 30.09% compared to ¥252,483,297.81 in 2021[20]. - The net profit attributable to shareholders for 2022 was a loss of ¥2,802,152.69, representing a decline of 108.22% from a profit of ¥34,073,044.29 in 2021[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥3,935,984.64, down 112.39% from ¥31,773,781.74 in the previous year[20]. - Basic earnings per share for 2022 was -0.0214 yuan, a decrease of 108.21% compared to 2021[21]. - Diluted earnings per share for 2022 was -0.0214 yuan, reflecting the same percentage decrease as basic earnings[21]. - The weighted average return on equity decreased to -0.62% in 2022, down 8.17 percentage points from 2021[21]. - The company reported a significant decrease in investment activity cash inflow by 92.71%, totaling approximately 8.82 million[52]. - The company reported a total revenue of 176,517,929.99 RMB, with a year-on-year decrease of 30.09% in revenue and a decrease of 22.54% in operating costs, resulting in a gross margin of 29.69%[72]. - The total comprehensive income for 2022 was -¥3,694,231.29, compared to ¥32,881,161.09 in 2021, indicating a substantial loss in overall value[164]. Cash Flow and Assets - The net cash flow from operating activities increased by 16.92% to ¥32,749,741.46 in 2022, compared to ¥28,010,112.04 in 2021[20]. - Total assets at the end of 2022 were ¥529,933,022.93, down 3.61% from ¥549,775,026.45 at the end of 2021[20]. - The cash and cash equivalents net decrease was approximately 38.54 million, a reduction of 22.30% compared to the previous year[52]. - Cash and cash equivalents decreased by 43.19% to ¥50,688,140.79, compared to ¥89,230,309.06 in the previous period[54]. - The total current assets as of December 31, 2022, amounted to CNY 220.26 million, a decrease from CNY 269.76 million in 2021[153]. - Cash and cash equivalents decreased from CNY 89.23 million in 2021 to CNY 50.69 million in 2022[153]. - Accounts receivable decreased from CNY 88.13 million in 2021 to CNY 70.24 million in 2022[153]. - Inventory increased from CNY 81.93 million in 2021 to CNY 87.40 million in 2022, indicating a rise in stock levels[153]. Operational Highlights - The company operates in the rubber and plastic products industry, specifically in the lightweight conveyor belt sector[28]. - The company employs a dual sales model of direct sales and distribution to enhance market presence and reduce customer service costs[29]. - The company has maintained a strong focus on R&D, holding multiple invention and utility model patents, with ongoing applications for new patents[34]. - The company has integrated vertical and horizontal operations, including the production of yarn and industrial fabric weaving, to ensure product quality and control production costs[35]. - The company is focusing on high-performance and environmentally friendly materials in its product offerings, responding to increasing automation demands in various industries[60]. - The company is experiencing a growing demand for lightweight conveyor belts in various sectors, including food, agriculture, electronics, and logistics, driven by increasing industrial automation levels[76]. Market and Competitive Landscape - The global lightweight conveyor belt market is dominated by major players from Europe, North America, and Asia, with the top three companies holding approximately 30% market share[30]. - The competitive landscape shows that foreign brands dominate the high-end market with over 50% market share, while the company has made significant breakthroughs in high-end product development[77]. - Domestic sales revenue was 84,049,779.14 RMB, reflecting a significant decline of 42.96% compared to the previous year, while international sales revenue was 92,468,150.85 RMB, down by 12.04%[71]. Management and Governance - The company held 5 supervisory board meetings during the reporting period, ensuring effective oversight of business activities and financial status[88]. - The company has established a management system for insider information, with no reported insider trading incidents during the reporting period[88]. - The company has complied with information disclosure obligations, ensuring equal access to information for all shareholders[88]. - The company’s board of directors has established specialized committees, including an audit committee and a strategic committee, to enhance governance[101]. - The total number of meetings held by the specialized committees during the reporting period was 9[102]. Risks and Challenges - The company has indicated potential risks in its future development, which are detailed in the management discussion section[6]. - The actual controllers hold a combined 66.94% of shares, which poses a risk of decisions that may not align with the best interests of minority shareholders[81]. - The company faces intense market competition in the lightweight conveyor belt industry, necessitating improvements in brand, technology, and scale to maintain competitiveness[81]. - The company relies heavily on raw materials, with direct materials accounting for nearly 70% of operating costs, making it vulnerable to price volatility[83]. Research and Development - The total R&D expenditure was approximately 10.47 million, accounting for 5.93% of total operating revenue, with no capitalized R&D expenditures[50]. - The company has developed multiple new patents, including a conveyor belt with anti-slip features and a device for cutting conveyor belt interfaces, all obtained through independent research and development[63][64]. - Research and development expenses decreased to ¥10,473,872.83 in 2022 from ¥13,058,607.47 in 2021, showing a reduction in investment in innovation[163]. Employee and Workforce Management - The total number of employees in the parent company and major subsidiaries is 244, with 86 in the parent company and 158 in subsidiaries[105]. - The company has a structured training program aimed at enhancing management capabilities and employee skills across various levels[107]. - The company emphasizes the importance of a skilled workforce for sustainable development, as the demand for high-quality talent continues to grow with its expansion[84].

Financial Performance - The company's operating revenue for Q1 2023 was ¥31,922,872.75, representing a decrease of 14.41% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥476,375.49, with a basic earnings per share of ¥0.0036[5][6]. - Total operating revenue for Q1 2023 was CNY 31,922,872.75, a decrease of 14.4% compared to CNY 37,299,586.36 in Q1 2022[17]. - Net profit for Q1 2023 was CNY 303,886.96, compared to a net loss of CNY 491,199.82 in Q1 2022[18]. - The company reported a comprehensive income total of CNY 278,009.10 for Q1 2023, recovering from a loss of CNY 566,747.88 in Q1 2022[18]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.0036, compared to a loss of CNY 0.0023 in Q1 2022[18]. - The company's revenue for Q1 2023 reached ¥16,891,127.49, a 25.5% increase from ¥13,505,440.01 in Q1 2022[28]. - Operating profit for Q1 2023 was ¥3,412,380.09, compared to a loss of ¥104,574.42 in Q1 2022[29]. - Net profit for Q1 2023 was ¥2,927,339.47, recovering from a net loss of ¥40,397.38 in Q1 2022[29]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 55.66%, primarily due to a reduction in cash received from sales of goods and services[7]. - Cash received from sales of goods and services in Q1 2023 was CNY 38,208,743.88, down 24.1% from CNY 50,324,494.11 in Q1 2022[20]. - The net cash flow from operating activities for Q1 2023 was CNY 4,041,020.67, a decrease of 55.7% compared to CNY 9,113,263.60 in Q1 2022[21]. - The total cash inflow from operating activities was CNY 40,488,338.29, while the total cash outflow was CNY 36,447,317.62, resulting in a net increase of CNY 4,041,020.67[21]. - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 44,272,302.04, down from CNY 69,172,899.08 at the end of Q1 2022, reflecting a decrease of 36%[22]. - The company reported a net cash flow from operating activities of -¥7,018,256.68 in Q1 2023, down from ¥571,183.93 in Q1 2022[31]. - Cash and cash equivalents at the end of Q1 2023 were ¥13,717,136.20, down from ¥14,254,576.91 at the end of Q1 2022[31]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥523,973,948.91, a decrease of 1.12% from the end of the previous year[6]. - The total assets as of Q1 2023 were CNY 523,973,948.91, slightly down from CNY 529,933,022.93 at the end of the previous quarter[14]. - Total liabilities decreased to CNY 68,744,587.20 in Q1 2023 from CNY 74,981,670.32 in Q4 2022[14]. - The total liabilities decreased to CNY 38,294,356.58 from CNY 39,622,371.61, indicating a reduction of approximately 3.4%[26]. - The company's total equity attributable to shareholders was ¥437,580,526.58, showing a slight increase of 0.10% compared to the end of the previous year[6]. - The total equity increased to CNY 389,381,805.97 from CNY 386,454,466.50, showing a growth of about 0.6%[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,097[9]. - The top two shareholders, Tu Mulian and Cai Ruimei, hold 33.75% and 33.19% of the shares, respectively[10]. Research and Development - Research and development expenses for Q1 2023 were CNY 2,693,287.89, an increase of 35.3% compared to CNY 1,990,696.98 in Q1 2022[17]. - Research and development expenses for Q1 2023 were ¥951,033.61, slightly down from ¥990,306.58 in Q1 2022[28]. Government Support and Other Financial Activities - The company received government subsidies amounting to ¥464,641.47 during the reporting period[7]. - The cash outflow from investing activities was CNY 9,308,214.49, significantly lower than CNY 28,408,659.07 in the same period last year, indicating a reduction of 67.2%[21]. - The cash outflow from financing activities totaled CNY 1,014,937.58, compared to CNY 462,675.46 in Q1 2022, reflecting an increase of 119%[22]. - The company paid ¥1,458,923.01 in taxes during Q1 2023, significantly higher than ¥541,613.88 in Q1 2022[31]. - The company incurred a credit impairment loss of ¥902,457.09 in Q1 2023, compared to ¥249,485.97 in Q1 2022[28]. Strategic Developments - The company did not report any significant new product developments or market expansion strategies during this quarter[11]. - There were no significant changes in the company's financing or investment strategies reported for this quarter[11].

2022 年第三季度报告 证券代码：603580 证券简称：艾艾精工 艾艾精密工业输送系统（上海）股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | 年初至报告期末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 54,995,253.51 | -28.76 | 142,515,747.63 | - ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥87,520,494.12, a decrease of 32.55% compared to ¥129,748,162.03 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was ¥1,823,253.95, down 90.51% from ¥19,215,863.16 in the previous year[19]. - The basic earnings per share for the first half of 2022 was ¥0.0140, a decrease of 90.48% from ¥0.1471 in the same period last year[21]. - The diluted earnings per share also stood at ¥0.0140, reflecting a decrease of 90.48% compared to the previous year[21]. - The company reported a net profit after deducting non-recurring gains and losses of ¥1,687,981.09, down 90.72% from ¥18,189,287.19 in the same period last year[19]. - The total comprehensive income for the first half of 2022 was CNY 1,293,309.35, a decrease from CNY 18,748,201.71 in the first half of 2021, reflecting a decline of 93.1%[81]. - The company reported a total profit loss of CNY 1,060,035.97 for the first half of 2022, compared to a profit of CNY 12,608,077.20 in the same period of 2021[84]. Cash Flow and Assets - The net cash flow from operating activities increased by 186.67% to ¥16,185,342.66, compared to ¥5,645,989.99 in the same period last year[20]. - The total assets at the end of the reporting period were ¥567,619,167.59, reflecting a 3.25% increase from ¥549,775,026.45 at the end of the previous year[20]. - The company's total assets decreased to CNY 450,026,725.92 from CNY 463,399,967.99, reflecting a reduction of 2.9%[77]. - Cash and cash equivalents increased to CNY 89,370,283.94 from CNY 89,230,309.06, showing a marginal growth of 0.16%[71]. - The company’s fixed assets increased by 123.55% to ¥173,956,459.85 from ¥77,814,375.03 year-on-year[36]. - Total liabilities increased to CNY 86,249,869.54 from CNY 69,699,037.75, reflecting a significant rise of approximately 23.7%[73]. Market and Competition - The company operates in the rubber and plastic products industry, specifically in the lightweight conveyor belt sector, which is widely used across multiple industries[24]. - The global lightweight conveyor belt market is dominated by major players from developed countries, with the top three companies holding approximately 30% market share[30]. - Domestic competitors, including the company, have gradually mastered core production technologies, offering high cost-performance products[31]. - Nearly 50% of the company's revenue comes from foreign sales, exposing it to exchange rate fluctuations that could impact pricing and profitability[45]. Research and Development - The company has a strong R&D capability, holding multiple patents and continuously innovating to meet diverse customer needs, which has helped capture market share[26]. - Research and development expenses for the first half of 2022 were CNY 4,264,476.41, compared to CNY 4,054,670.02 in the first half of 2021, an increase of 5.2%[79]. - The company emphasizes continuous improvement in product quality, having established standards that exceed national requirements and achieved ISO9001 and ISO14001 certifications[28]. Shareholder Information - The actual controllers of the company, Tu Mulin and Cai Ruimei, hold a combined 66.94% of the shares, posing a risk of decisions that may not align with the best interests of minority shareholders[44]. - The largest shareholder, Tu Mulian, holds 44,100,000 shares, representing 33.75% of the total shares[66]. - The second largest shareholder, Cai Ruimei, holds 43,365,000 shares, representing 33.19% of the total shares[66]. - The total number of ordinary shareholders as of the end of the reporting period is 5,263[64]. Compliance and Governance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[6]. - The company has no significant litigation or arbitration matters during the reporting period[57]. - There are no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[57]. - The company and its controlling shareholders have maintained good integrity and compliance with regulations during the reporting period[57]. Risks and Challenges - The company faces a risk of declining profitability if there are changes to the national export tax rebate policy, which currently benefits its foreign sales[45]. - Direct materials account for nearly 70% of the company's operating costs, making it vulnerable to fluctuations in the prices of key raw materials[46]. - The company has acknowledged the risks associated with potential technology failures and the loss of key technical personnel, which could adversely affect its operations[45]. Financial Reporting and Accounting - The financial statements were approved by the board of directors on August 22, 2022[111]. - The company adheres to the accounting policies that reflect its financial position, operating results, and cash flows accurately[115]. - The company recognizes revenue when it fulfills its performance obligations, typically when the customer gains control of the goods or services[200].

Financial Performance - The company's operating revenue for Q1 2022 was ¥37,299,586.36, representing a decrease of 16.12% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥294,838.36, with a diluted earnings per share of -¥0.0023[5][6]. - The total comprehensive income for Q1 2022 was -566,747.88, compared to 3,931,072.58 in Q1 2021, indicating a significant decline[19]. - Net profit for Q1 2022 was a loss of ¥491,199.82, compared to a profit of ¥4,195,366.22 in Q1 2021[18]. - The net cash flow from operating activities for Q1 2022 was ¥571,183.93, a decrease of 94.9% from ¥11,228,934.60 in Q1 2021[29]. - The total comprehensive income for Q1 2022 was also a loss of ¥40,397.38, mirroring the net profit loss[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥538,175,416.44, a decrease of 2.11% from the end of the previous year[6]. - The company's total assets decreased to ¥538,175,416.44 in Q1 2022 from ¥549,775,026.45 in Q1 2021, a decline of 2.9%[15]. - Total liabilities decreased to ¥58,666,175.62 in Q1 2022 from ¥69,699,037.75 in Q1 2021, a reduction of 15.8%[14]. - The total liabilities amounted to ¥35,496,739.71, while total equity was ¥410,477,233.11, reflecting a stable capital structure despite the operational losses[26]. - Current liabilities decreased to 34,661,082.39 from 51,913,746.45 at the end of 2021, indicating improved liquidity[25]. Cash Flow - The net cash flow from operating activities was ¥9,113,263.60, down by 3.34% year-on-year[5]. - Cash inflows from operating activities totaled 51,342,219.67, a decrease of 6.8% from 54,584,512.59 in Q1 2021[22]. - Cash outflows from operating activities were 42,228,956.07, down from 45,156,760.23 in Q1 2021, resulting in a net cash flow from operating activities of 9,113,263.60[22]. - The company reported a net cash flow from investing activities of -28,405,159.07, compared to -63,502,424.71 in Q1 2021, showing an improvement[22]. - The company's cash and cash equivalents decreased by 22.48%, primarily due to payments for construction and equipment in Anhui[7]. Research and Development - Research and development expenses for Q1 2022 were ¥1,990,696.98, slightly down from ¥2,041,050.14 in Q1 2021[17]. - The company incurred research and development expenses of ¥990,306.58 in Q1 2022, slightly up from ¥927,882.54 in Q1 2021, indicating continued investment in innovation[27]. - The company plans to continue focusing on R&D and market expansion despite the current financial challenges, as indicated by the sustained R&D expenditure[27]. Inventory and Receivables - Accounts receivable decreased by 22.49%, mainly due to the recovery of receivables during the period[7]. - The company’s inventory increased to 18,281,202.29 from 17,132,217.40, reflecting a 6.7% rise year-over-year[24]. Other Notable Points - The company did not report any new product developments or market expansion strategies during this quarter[11]. - There were no significant mergers or acquisitions reported in the current quarter[11]. - The company's cash and cash equivalents decreased to ¥240,511,210.38 in Q1 2022 from ¥269,764,852.46 in Q1 2021, a decline of 10.9%[15]. - The company's long-term equity investments remained stable at 310,797,386.74, unchanged from the previous period[25]. - The company's contract liabilities increased to ¥3,796,882.05 in Q1 2022 from ¥2,736,001.84 in Q1 2021, an increase of 38.7%[14]. - The weighted average return on net assets was -0.06%, a decrease of 1.03 percentage points compared to the previous year[6].

Financial Performance - The company's operating revenue for 2021 was ¥252,483,297.81, representing a 30.04% increase compared to ¥194,159,732.72 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥34,073,044.29, an increase of 11.48% from ¥30,565,110.49 in 2020[24]. - The net profit after deducting non-recurring gains and losses was ¥31,773,781.74, up 18.75% from ¥26,757,221.02 in 2020[24]. - The net cash flow from operating activities reached ¥28,010,112.04, a significant increase of 44.79% compared to ¥19,345,880.74 in 2020[24]. - Basic earnings per share for 2021 increased by 11.50% to CNY 0.2608 compared to CNY 0.2339 in 2020[25]. - The weighted average return on equity rose to 7.55% in 2021, an increase of 0.45 percentage points from 7.10% in 2020[25]. - The total revenue for the year was 252,483,297.81, representing a year-on-year increase of 42.06%[48]. - The total comprehensive income for 2021 was CNY 21,226,973.05, an increase of 11.8% from CNY 18,974,141.52 in 2020[174]. Assets and Liabilities - Total assets at the end of 2021 were ¥549,775,026.45, reflecting a 10.64% increase from ¥496,888,974.11 at the end of 2020[24]. - The net assets attributable to shareholders increased to ¥461,544,815.18, a growth of 5.15% from ¥438,922,204.73 at the end of 2020[24]. - Total liabilities rose to CNY 69,699,037.75 in 2021, up from CNY 50,228,944.11 in 2020, indicating an increase of approximately 38.7%[163]. - Current liabilities increased to CNY 65,241,633.20 in 2021 from CNY 46,300,620.73 in 2020, a rise of about 40.8%[163]. - The company reported a decrease in cash and cash equivalents to CNY 89,230,309.06 in 2021 from CNY 139,204,618.97 in 2020, a decline of about 36.0%[162]. Market and Competition - The company operates in the rubber and plastic products industry, specifically in the lightweight conveyor belt sector, which is crucial for various automated production processes[33]. - The company faces competition from established multinational firms in the domestic high-end lightweight conveyor belt market, which have significant technological advantages[35]. - The global lightweight conveyor belt market is dominated by major players from developed countries, with the top three companies holding approximately 30% market share[35]. - The company has been actively expanding its market presence both domestically and internationally, with increasing recognition from overseas clients[37]. Research and Development - Research and development expenses rose to 13.06 million RMB, marking a 33.97% increase year-on-year, reflecting the company's commitment to innovation[44]. - The company has developed unique production processes and has multiple patents, enhancing its competitive edge in the lightweight conveyor belt industry[39]. - The company’s R&D efforts are supported by various national policies promoting the development of new materials and technologies in the industry[62]. - The R&D budget has been increased by H%, focusing on developing next-generation products and technologies[98]. Corporate Governance - The company has established a robust corporate governance structure to ensure effective decision-making and protect shareholder interests[90]. - The company held 6 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[91]. - The supervisory board also convened 6 times, effectively overseeing the company's operations and financial status[92]. - The company has established a management system for insider information, ensuring no insider trading occurred during the reporting period[92]. Shareholder Information - The company plans to distribute a cash dividend of ¥1.64 per 10 shares, totaling ¥21,430,400, based on the total share capital of 13,067,320 shares as of December 31, 2021[6]. - The major shareholders are Tu Mulian and Cai Ruimei, holding 44,100,000 shares and 43,365,000 shares respectively, representing 33.75% and 33.19% of total shares[140]. - The company has a total of 5,804 ordinary shareholders as of the end of the reporting period, down from 6,209 at the end of the previous month[137]. Operational Efficiency - The company operates in the rubber and plastic products industry, specifically in the conveyor belt sector, facing significant pressure due to economic uncertainties[61]. - The company employs a dual sales model of direct sales and distribution, focusing on direct customer service in domestic markets[65]. - The company is integrating its supply chain both vertically and horizontally, which helps in maintaining product quality and controlling production costs[40]. - The company plans to implement a refined management model and an integrated ERP system to enhance operational efficiency and cost control[83].

Financial Performance - The company's operating revenue for Q3 2021 was ¥77,199,175.88, representing a 10.17% increase compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥12,146,409.13, reflecting a 32.33% year-on-year growth[5] - The basic earnings per share for Q3 2021 was ¥0.0929, an increase of 32.34% compared to the previous year[6] - The company reported a 34.22% increase in year-to-date operating revenue, totaling ¥206,947,337.91[5] - Total revenue for the first three quarters of 2021 reached CNY 206,947,337.91, a 34.3% increase from CNY 154,185,933.15 in the same period of 2020[18] - Net profit for the first three quarters of 2021 was CNY 30,970,807.46, representing a 21.5% increase compared to CNY 25,545,265.34 in 2020[19] - The net profit attributable to the parent company for Q3 2021 was ¥31,362,272.29, an increase of 22.5% compared to ¥25,682,489.53 in Q3 2020[20] - The total comprehensive income for Q3 2021 reached ¥30,558,797.87, up from ¥25,687,839.63 in the same period last year, reflecting a growth of 19.5%[20] - Basic and diluted earnings per share for Q3 2021 were both ¥0.2400, compared to ¥0.1965 in Q3 2020, representing a 22.0% increase[20] Assets and Liabilities - The total assets as of September 30, 2021, amounted to ¥566,142,968.88, which is a 14.31% increase from the end of the previous year[6] - The company’s equity attributable to shareholders increased by 4.61% to ¥459,157,265.03 compared to the end of the previous year[6] - Total assets increased to CNY 566,142,968.88, a growth of 14.3% from CNY 495,256,798.98 at the end of 2020[16] - Total liabilities rose to CNY 87,089,343.40, an increase of 79.5% compared to CNY 48,596,768.98 in 2020[16] - The company’s equity attributable to shareholders increased to CNY 459,157,265.03 from CNY 438,922,204.73, reflecting a growth of 4.6%[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥13,138,266.41, showing a decrease of 18.13%[6] - Cash inflow from operating activities for the first three quarters of 2021 was ¥199,774,088.44, a rise of 33.9% from ¥148,961,573.96 in the same period of 2020[22] - The net cash flow from operating activities for the first three quarters of 2021 was ¥13,138,266.41, down 18.9% from ¥16,048,661.38 in the previous year[22] - The net cash flow from investing activities for the first three quarters of 2021 was -¥57,543,052.37, an improvement from -¥94,934,018.19 in the same period of 2020[23] - The net cash flow from financing activities for the first three quarters of 2021 was ¥6,255,754.01, compared to -¥11,591,036.15 in the previous year, indicating a positive turnaround[23] - The cash and cash equivalents at the end of Q3 2021 stood at ¥100,001,505.82, an increase from ¥61,111,488.85 at the end of Q3 2020[23] - Cash and cash equivalents decreased to CNY 100,001,505.82 from CNY 139,204,618.97 at the end of 2020, a decline of 28.2%[14] Accounts Receivable and Inventory - The company experienced a 48.28% increase in accounts receivable due to higher operating revenue compared to the previous year[9] - Accounts receivable increased significantly to CNY 100,305,252.44 from CNY 67,643,950.85, marking a 48.3% rise[14] - Inventory levels rose to CNY 92,543,735.36, up 24.3% from CNY 74,493,911.91 at the end of 2020[14] Research and Development - The company reported R&D expenses of CNY 8,752,719.09 for the first three quarters of 2021, up 21.4% from CNY 7,211,337.76 in 2020[19] Government Subsidies and Contract Liabilities - The company recorded a government subsidy of ¥1,316,947.42 during the reporting period, contributing to its financial performance[8] - The company’s contract liabilities increased by 64.08% due to growth in sales orders and operating revenue[9]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2021 was ¥129,748,162.03, representing a 54.25% increase compared to ¥84,115,420.72 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was ¥19,215,863.16, which is a 16.43% increase from ¥16,503,588.09 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥18,189,287.19, up 29.81% from ¥14,012,003.16 in the same period last year[22]. - Basic earnings per share for the first half of 2021 were ¥0.1471, a 16.47% increase from ¥0.1263 in the same period last year[24]. - The company's net profit for the first half of 2021 was ¥19,017,566.80, representing a 16.5% increase from ¥16,316,035.04 in the first half of 2020[89]. - The total comprehensive income for the first half of 2021 was RMB 11,071,894.05, consistent with the net profit figure[93]. Cost and Expenses - Operating costs increased by 71.84% to RMB 81,330,208.44 from RMB 47,329,604.53, primarily due to the growth in sales revenue[39]. - Total operating costs amounted to ¥107,472,319.35, up 53.6% from ¥69,896,233.78 year-on-year[88]. - Research and development expenses increased by 10% to RMB 10 million, reflecting the company's commitment to innovation and technology advancement[1]. - Research and development expenses for the first half of 2021 were ¥4,054,670.02, slightly down from ¥4,095,376.59 in the same period of 2020[88]. - The company's financial expenses were RMB 1,082,353.02, reflecting a decrease in interest income compared to the previous year[39]. Assets and Liabilities - The total assets at the end of the reporting period were ¥547,596,784.76, a 10.57% increase from ¥495,256,798.98 at the end of the previous year[23]. - The company's total assets at the end of the reporting period were RMB 548,000,000, with cash and cash equivalents accounting for 21.93% of total assets[40]. - Total liabilities reached RMB 69,938,553.04, up from RMB 48,596,768.98, which is an increase of approximately 43.8%[81]. - The company's equity attributable to shareholders increased to ¥457,868,702.80 from ¥438,922,204.73, showing a growth of about 4.3%[81]. - The company's inventory increased by 16.24% to RMB 86,588,858.43 from RMB 74,493,911.91 year-on-year[40]. Market and Growth Strategy - User data showed an increase in active customers by 20%, reaching a total of 50,000 users[1]. - The company plans to launch two new product lines in Q3 2021, focusing on environmentally friendly materials, which are expected to contribute an additional RMB 20 million in revenue[1]. - Future outlook includes a projected revenue growth of 25% for the full year 2021, driven by market expansion and new product introductions[1]. - Market expansion efforts are underway in Southeast Asia, with a target to increase market share by 15% by the end of 2021[1]. - The company continues to focus on expanding its domestic and international market presence, maintaining revenue growth amidst increasing market demand for lightweight conveyor belts[36]. Risks and Challenges - The company has identified key risks including supply chain disruptions and fluctuating raw material prices, which may impact future profitability[1]. - Nearly 50% of the company's revenue comes from foreign sales, making it vulnerable to exchange rate fluctuations, which could impact pricing and profitability[49]. - The company faces significant competition in the domestic material conveying industry, with many competitors leading to squeezed profit margins[48]. - Approximately 70% of the company's operating costs are attributed to raw materials, making it susceptible to price volatility in key materials like TPU and PVC[50]. Corporate Governance and Compliance - The company has maintained good integrity and compliance with relevant laws and regulations, with no records of dishonesty[61]. - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing[61]. - The financial statements were approved by the board of directors on August 23, 2021, ensuring governance and oversight in financial reporting[117]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,171[70]. - The top ten shareholders held the following shares: Tu Mulian (44,100,000 shares, 33.75%), Cai Ruimei (43,365,000 shares, 33.19%), and Li Xin (2,389,000 shares, 1.83%) among others[72]. - The actual controllers, Tu Mulin and Cai Ruimei, hold a combined 66.94% of the company's shares, posing a risk of potential decisions that may not align with the best interests of minority shareholders[48]. Investment and Acquisitions - The company is exploring potential acquisitions to enhance its market position and expand its product offerings, with a budget of RMB 50 million allocated for this purpose[1]. - The company made a capital investment of RMB 50,000,000 in Jin Feng Fu (Chuzhou) Conveying Machinery Co., Ltd., acquiring a 3.4265% stake[44]. Research and Development - The company has a strong R&D capability, holding multiple invention and utility model patents, and is actively applying for more patents to innovate its product offerings[30]. - The company has integrated its internal business chain effectively, with high collaboration between R&D, production, and sales departments to meet customer needs[30]. Environmental and Quality Standards - The company has achieved ISO9001 and ISO14001 certifications, with its main products meeting or exceeding industry standards[32]. - The company has implemented ISO14001 environmental management system certification, ensuring compliance with environmental laws and regulations[58].