证券代码：603583 证券简称：捷昌驱动 公告编号：2023-046 浙江捷昌线性驱动科技股份有限公司 第五届董事会第八次会议决议公告 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法律责任。 一、会议召开情况 浙江捷昌线性驱动科技股份有限公司（以下简称"公司"）第五届董事会第 八次会议于 2023 年 8 月 13 日以电话、电子邮件方式向公司全体董事发出会议通 知，以现场结合通讯方式于 2023 年 8 月 23 日在公司会议室召开。本次董事会会 议应出席董事 9 人，实际出席董事 9 人。本次会议的召集、召开符合《中华人民 共和国公司法》和《浙江捷昌线性驱动科技股份有限公司章程》及其他有关法律 法规的规定，会议合法有效。 二、会议审议议案及表决情况 1、审议通过了《关于公司 2023 年半年度报告全文和摘要的议案》 具体内容详见公司同日披露于上海证券交易所官方网站及指定媒体的《2023 年半年度报告摘要》《2023 年半年度报告》。 议相关事项的独立意见》。 表决结果：同意：9 票；反对：0 票；弃权：0 票。 2、审议通过了《 ...

证券代码：603583 证券简称：捷昌驱动 公告编号：2023-045 浙江捷昌线性驱动科技股份有限公司 关于召开 2023 年半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法律责任。 重要内容提示： 投资者可于 2023 年 08 月 21 日(星期一) 至 8 月 25 日(星期五)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱jczq@jiecang.com进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 浙江捷昌线性驱动科技股份有限公司（以下简称"公司"）将于 2023 年 8 月 25 日发布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 8 月 28 日上午 11:00-12:00 举行 2023 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半年度的经营 成果及财务指标的具体情况与投资者进行互动 ...

证券代码：603583 证券简称：捷昌驱动 公告编号：2023-044 浙江捷昌线性驱动科技股份有限公司 关于完成工商变更登记并换发营业执照的公告 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法律责任。 浙江捷昌线性驱动科技股份有限公司（以下简称"公司"）于 2023 年 6 月 30 日召开第五届董事会第六次会议，审议通过了《关于增加注册资本、修订<公 司章程>及办理工商变更登记的议案》，具体内容详见公司于 2023 年 7 月 1 日在 上海证券交易所网站及指定媒体披露的《关于增加注册资本、修订<公司章程> 及办理工商变更登记的公告》（公告编号：2023-035）。 公司于近日完成了相关工商变更登记及公司章程的备案手续，并取得了浙江 省市场监督管理局换发的《营业执照》，变更后的工商登记信息如下： 名 称：浙江捷昌线性驱动科技股份有限公司 统一社会信用代码：913306005547614262 类 型：股份有限公司（上市、自然人投资或控股） 住 所：新昌县省级高新技术产业园区 法定代表人：胡仁昌 注册资本：叁亿捌仟肆佰陆拾叁万叁仟零 ...

证券代码：603583 证券简称：捷昌驱动 公告编号：2023-023 浙江捷昌线性驱动科技股份有限公司 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法律责任。 重要内容提示： http://roadshow.sseinfo.com/） 浙江捷昌线性驱动科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 25 日发布公司 2022 年年度报告，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 05 月 23 日上午 11:00-12:00 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 05 月 23 日(星期二) 上午 11:00-12:00 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 05 月 16 日(星期二)至 05 月 22 日(星期 一)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 Q1 2023 was ¥535,383,949.02, representing a decrease of 24.39% compared to the same period last year[3] - The net profit attributable to shareholders was ¥13,320,596.39, down 82.39% year-on-year[3] - Basic earnings per share decreased by 81.56% to ¥0.04, while diluted earnings per share fell by 85.00% to ¥0.03[3] - The decline in revenue and net profit was primarily attributed to reduced orders from upstream customers and exchange rate fluctuations[6] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥7,190,836.82, indicating a challenging financial environment[3] - Total operating revenue for Q1 2023 was ¥535,383,949.02, a decrease of 24.4% compared to ¥708,107,315.81 in Q1 2022[16] - Net profit for Q1 2023 was ¥15,027,254.17, a decline of 80.0% from ¥75,205,649.48 in Q1 2022[17] - The total comprehensive income attributable to the parent company for Q1 2023 was ¥22,461,509.35, a decrease from ¥65,988,390.81 in Q1 2022[18] - Basic earnings per share for Q1 2023 were ¥0.04, down from ¥0.20 in the same period last year[18] Cash Flow and Liquidity - The net cash flow from operating activities increased by 272.63% to ¥176,358,191.14, primarily due to the recovery of accounts receivable[6] - Cash inflow from operating activities totaled ¥729,482,648.20, compared to ¥924,207,768.86 in Q1 2022, indicating a decline of approximately 21%[18] - Cash outflow from operating activities was ¥553,124,457.06, down from ¥876,880,026.34 in Q1 2022, reflecting a decrease of about 37%[18] - Cash flow from investing activities showed a net outflow of ¥46,446,081.14 in Q1 2023, an improvement from a net outflow of ¥85,112,437.86 in Q1 2022[20] - Cash flow from financing activities resulted in a net outflow of ¥150,197,169.75 in Q1 2023, compared to a net inflow of ¥378,816,730.22 in Q1 2022[20] - The ending balance of cash and cash equivalents as of the end of Q1 2023 was ¥1,617,311,853.29, down from ¥1,709,802,105.17 at the end of Q1 2022[20] - The company reported a decrease in cash received from investment recoveries, totaling ¥10,000,000.00 in Q1 2023, down from ¥30,000,000.00 in Q1 2022[20] - The company’s total cash inflow from financing activities was ¥177,957,856.55, a decrease from ¥394,349,257.71 in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,817,253,382.21, a decrease of 0.63% from the end of the previous year[4] - As of March 31, 2023, the company's total assets amounted to CNY 6,817,253,382.21, a decrease from CNY 6,860,707,627.65 at the end of 2022[12] - The company's total liabilities decreased to ¥2,817,343,948.18 in Q1 2023 from ¥2,888,652,316.28 in Q1 2022, a reduction of 2.5%[16] - The total equity attributable to shareholders increased by 0.66% to ¥3,999,588,786.36 compared to the end of the previous year[4] - The total equity attributable to shareholders increased to ¥3,999,588,786.36 in Q1 2023 from ¥3,973,442,615.88 in Q1 2022, an increase of 0.7%[16] Operational Metrics - Total operating costs for Q1 2023 were ¥565,724,718.92, down 12.2% from ¥644,323,039.34 in Q1 2022[16] - The company's financial expenses for Q1 2023 were ¥27,493,341.24, compared to a negative expense of -¥4,850,196.28 in Q1 2022[16] - The company reported a gross profit margin of approximately 25.0% for Q1 2023, compared to 26.7% in Q1 2022[16] - Research and development expenses for Q1 2023 were ¥50,526,666.37, slightly down from ¥51,637,102.52 in Q1 2022[16] Non-Recurring Items - Non-recurring gains and losses totaled ¥20,511,433.21, with significant contributions from government subsidies and other non-operating income[6] - Other comprehensive income after tax for Q1 2023 was ¥9,141,235.94, compared to a loss of ¥9,673,532.84 in Q1 2022[17] Future Outlook - The company has ongoing investments in new technologies and product development, although specific figures were not disclosed in the report[11] - The company is exploring market expansion opportunities, but detailed strategies and financial implications were not provided in the current report[11]

Financial Performance - The company's operating revenue for 2022 was RMB 3,006,591,845.65, representing a 14.02% increase compared to RMB 2,636,980,919.92 in 2021[22] - The net profit attributable to shareholders for 2022 was RMB 327,751,652.94, which is a 21.18% increase from RMB 270,474,435.27 in 2021[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 287,380,390.91, reflecting a 27.22% increase from RMB 225,892,202.62 in 2021[22] - The cash flow from operating activities for 2022 was RMB 319,412,834.21, a significant increase of 130.65% compared to RMB 138,481,904.79 in 2021[22] - As of the end of 2022, the total assets amounted to RMB 6,860,707,627.65, a 5.45% increase from RMB 6,506,379,766.98 at the end of 2021[22] - The net assets attributable to shareholders at the end of 2022 were RMB 3,973,442,615.88, which is a 6.94% increase from RMB 3,715,682,843.77 at the end of 2021[22] - Basic earnings per share (EPS) for 2022 was CNY 0.86, up 21.13% from CNY 0.71 in 2021[24] - The weighted average return on equity (ROE) improved to 8.51%, an increase of 1.08 percentage points from 7.43% in 2021[25] Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 2.60 per 10 shares to all shareholders, pending approval at the annual general meeting[6] - The total cash dividend amount (including tax) is RMB 99,899,016.10, which accounts for 30.48% of the net profit attributable to ordinary shareholders in the consolidated financial statements[155] - The total number of shares held by directors, supervisors, and senior management at the end of the reporting period was 193,742,096 shares, with a decrease of 170,000 shares during the year[120] - The company held its 2021 Annual General Meeting on May 16, 2022, where 17 proposals, including the 2021 Board of Directors Work Report, were approved[116] - The company conducted its first extraordinary shareholders' meeting of 2022 on May 27, 2022, approving 6 proposals, including the 2022 Restricted Stock Incentive Plan (Draft)[117] Research and Development - The company has established a robust R&D system with dedicated departments for different business areas, ensuring continuous innovation and technological advancement[32] - The R&D expenses increased by 20.97% to ¥224,468,171.25, driven by the integration of LEG[49] - The company has obtained 788 patents, including 78 domestic invention patents and 92 international invention patents, showcasing its strong R&D capabilities[43] - The company is focusing on technological innovation as a key competitive factor in the linear drive industry[88] - The company is investing 200 million RMB in R&D for new technologies, focusing on smart home applications and healthcare solutions[124] Market Expansion and Strategy - The company aims to accelerate domestic market development, leveraging successful experiences from overseas markets, with a focus on regions like Guangdong, Jiangsu, and Zhejiang[41] - The company plans to establish logistics and production bases in Europe as part of its global strategy[95] - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of 500 million RMB allocated for potential deals[124] - The company has established strategic partnerships with major clients in the North American market, including AMQ SOLUTIONS LLC and HNI Corporation, primarily through the ODM model[40] - The company is actively participating in international exhibitions to expand its customer base and gather market intelligence, particularly in the European and American markets[44] Operational Efficiency and Quality Management - The company is implementing a comprehensive quality management strategy supported by digital tools to enhance quality control and improvement processes[33] - The company plans to optimize its supply chain management system to strengthen its global operational capabilities and core competitiveness[31] - The company has made significant investments in intelligent manufacturing equipment, including high-speed SMT production lines and automated assembly lines, to improve production efficiency[44] - The company is committed to enhancing product quality and rapid market response capabilities to meet evolving customer demands[88] Risks and Challenges - The company emphasizes the potential risks associated with forward-looking statements in the report, urging investors to be cautious[7] - The company faces risks from macroeconomic fluctuations and competitive pressures in the linear drive market, which could impact order volumes and inventory management[97] - The company has been affected by U.S. tariffs, with a 25% tariff imposed on exports to the U.S. since August 2020[98] - Fluctuations in raw material prices significantly impact production costs and gross margins, posing operational risks[100] - The company faces financial risks related to accounts receivable and potential changes in export tax rebate policies, which could adversely affect cash flow and financial status[105] Governance and Compliance - The company adheres to strict governance practices and maintains transparency in information disclosure to protect shareholder rights[108] - The company has not faced any rejected proposals during the shareholder meetings, indicating strong governance and shareholder support[117] - The company has a mature management system but must enhance management capabilities to adapt to future growth and market changes[102] - The company has committed to ensuring the independence of its operations, assets, personnel, and finances to minimize unnecessary related party transactions[174] Environmental and Social Responsibility - The company invested 2.7156 million yuan in environmental protection during the reporting period[164] - The company was recognized as a provincial-level "waste-free factory" for its efforts in energy conservation and emission reduction[166] - The company made a total donation of 1.65 million yuan to Zhejiang University and the Xinchang County Charity Association[167] Employee and Management Information - The company has a total of 3,193 employees, with 1,581 in the parent company and 1,612 in major subsidiaries[146] - The company has implemented a performance-oriented salary policy, emphasizing fairness and market competitiveness[147] - The company has established a comprehensive training system to enhance employee skills and support business development[149] - Changes in senior management included the resignation of Shen Anbin and the appointment of Yu Bin and Sun Hongliang as deputy general managers[133] Related Party Transactions - The company reported a related party transaction amount of RMB 70 million with Zhejiang Wenda Intelligent Equipment Co., Ltd. and RMB 200 million with Ningbo Youdao Metal Products Co., Ltd. for 2022[184] - Actual related party transaction amounts were RMB 31.68 million for equipment purchases from Zhejiang Wenda and RMB 101.89 million for material purchases from Ningbo Youdao, remaining within the expected range[184]

Financial Performance - Q3 2022 revenue was CNY 694,025,259.25, a decrease of 8.25% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 was CNY 98,960,194.93, an increase of 94.84% year-over-year[7]. - Basic earnings per share for Q3 2022 was CNY 0.27, reflecting a 92.86% increase compared to the same period last year[10]. - The net profit attributable to shareholders for the year-to-date period was CNY 286,498,591.93, up 40.06% year-over-year[7]. - Total operating revenue for the first three quarters of 2022 reached ¥2,134,255,803.62, an increase of 20.93% compared to ¥1,764,965,526.13 in the same period of 2021[30]. - Net profit for the third quarter of 2022 was ¥283,644,279.63, compared to ¥203,512,146.09 in the same quarter of 2021, representing an increase of 39.39%[33]. - The total comprehensive income for the third quarter of 2022 was ¥236,280,959.46, compared to ¥188,815,126.48 in the same quarter of 2021, indicating a growth of 25.23%[37]. Assets and Liabilities - Total assets at the end of Q3 2022 reached CNY 6,717,724,609.51, a 3.25% increase from the end of the previous year[10]. - The company's total equity attributable to shareholders was CNY 3,872,421,590.89 at the end of Q3 2022, a 4.22% increase from the previous year[10]. - The company's total current liabilities increased to ¥2,123,809,446.41 from ¥1,885,858,128.62, representing a rise of about 12.63%[28]. - The total liabilities as of the end of the reporting period were ¥2,845,443,646.00, slightly up from ¥2,789,184,813.53 at the end of the previous year[30]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 171,769,216.76[10]. - Cash inflow from operating activities totaled CNY 2,544,769,080.08, up from CNY 1,892,183,840.20 in the same period last year, representing a growth of approximately 34.6%[39]. - Net cash flow from operating activities was CNY 171,769,216.76, a significant improvement compared to a net outflow of CNY 57,769,184.46 in the previous year[39]. - Cash inflow from investment activities was CNY 216,688,874.70, down from CNY 560,332,729.62, indicating a decline of about 61.3%[42]. - The net cash flow from financing activities was CNY 466,907,721.06, a decrease from CNY 1,277,534,352.05 in the same period last year[42]. Expenses - Total operating costs for the first three quarters of 2022 were ¥1,882,031,708.37, up from ¥1,552,000,535.00 in the previous year, reflecting a growth of 21.19%[30]. - Research and development expenses for the third quarter of 2022 amounted to ¥161,739,567.08, which is a 26.49% increase from ¥127,829,627.79 in the same quarter of 2021[33]. - The company’s financial expenses for the third quarter of 2022 were -¥126,430,867.82, compared to -¥48,881,914.54 in the same quarter of 2021[33]. Other Financial Metrics - The company reported non-recurring gains of CNY 17,675,252.23 for Q3 2022[12]. - The company reported a decrease in other comprehensive income, with a net amount of -¥104,117,537.67 compared to -¥56,752,642.27 in the previous year[30]. - The company's current assets totaled ¥3,824,730,819.76, compared to ¥3,732,419,444.30 in the previous year, indicating an increase of about 2.46%[25]. - Cash and cash equivalents were reported at ¥2,413,171,575.62, up from ¥2,239,794,645.48, representing a growth of approximately 7.77%[25].

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,440,230,544.37, representing a 42.81% increase compared to ¥1,008,495,079.85 in the same period last year[21]. - Net profit attributable to shareholders was ¥187,538,397.00, up 21.97% from ¥153,762,555.00 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥151,530,376.17, reflecting a 9.85% increase from ¥137,937,740.17 in the same period last year[21]. - The net cash flow from operating activities was ¥84,591,328.51, a significant recovery from a negative cash flow of ¥95,617,489.08 in the previous year[21]. - Basic earnings per share for the first half of 2022 were ¥0.50, an increase of 13.64% compared to ¥0.44 in the same period last year[22]. - The diluted earnings per share were ¥0.49, reflecting an 11.36% increase from ¥0.44 in the previous year[22]. - The weighted average return on equity increased to 5.00%, up 0.79 percentage points from 4.21% in the previous year[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,630,368,152.97, a 1.91% increase from ¥6,506,379,766.98 at the end of the previous year[21]. - The net assets attributable to shareholders increased to ¥3,780,803,595.34, up 1.75% from ¥3,715,682,843.77 at the end of the previous year[21]. - Total liabilities rose to CNY 2,849,154,545.59 from CNY 2,789,184,813.53, marking an increase of about 2.2%[196]. - Current liabilities increased to CNY 2,218,069,999.64 from CNY 1,885,858,128.62, representing a growth of approximately 17.6%[196]. - Non-current liabilities decreased to CNY 631,084,545.95 from CNY 903,326,684.91, a decline of about 30.1%[196]. Market and Industry Insights - The linear drive industry is in a growth phase, with significant market potential in smart office, medical care, and smart home applications[31]. - The global medical device market is expected to reach USD 560.7 billion by 2023, indicating strong demand for related products[36]. - The domestic market for height-adjustable desks is projected to reach approximately RMB 24 million by 2024, with a penetration rate of 4%[35]. - The linear drive market is directly correlated with the demand from downstream application sectors, indicating a strong growth trajectory[34]. - The global market size for linear drive products in the medical field is estimated to be approximately $2.804 billion in 2023, maintaining steady growth[38]. Research and Development - The company has obtained a total of 890 patents, including 51 domestic invention patents and 84 international invention patents[51]. - The company has completed 19 R&D projects, including smart health home bed drive control systems and wireless kitchen appliance drive control systems[51]. - R&D expenses amounted to ¥105,040,401.51, reflecting a 46.20% increase from the previous year, indicating a strong commitment to innovation[68]. - The company emphasizes technological innovation as a key competitive factor in the linear drive industry[34]. Strategic Initiatives - The company is focused on expanding its market presence in both domestic and international markets, particularly in the smart office sector[32]. - The company has established strategic partnerships with several U.S. clients, including The Human and HNI Corporation, primarily through an ODM model[46]. - The company plans to continue investing in technological innovation and enhancing production efficiency through its fundraising projects[67]. - The company has implemented a restricted stock incentive plan, granting 2,318,000 shares to 183 employees to enhance team cohesion and competitiveness[66]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and cyclical downturns in downstream industries, which could lead to reduced orders and inventory buildup[90]. - The company is exposed to risks from fluctuations in raw material prices, which significantly impact production costs and gross margins[95]. - The company is subject to U.S. tariffs on exports, which have increased costs and could affect future profitability[94]. - The company faces risks related to accounts receivable, which could negatively affect cash flow and financial status if not collected in a timely manner[101]. Environmental and Social Responsibility - The company has not been listed as a key pollutant unit and has adhered to environmental protection laws, enhancing pollution control efforts[129]. - The company is actively pursuing the "waste-free city" initiative, aiming for zero waste in production processes and has been recognized as a "future factory"[130]. - The company has implemented energy-saving measures, including the use of energy-efficient lighting and promoting green commuting among employees[133]. - The company has established a strong commitment to reducing carbon emissions through various initiatives[131]. Shareholder and Governance Matters - The company has not proposed any profit distribution or capital reserve transfer plans for the current period[110]. - The company has undergone changes in its board of directors and management, with several new appointments and elections[106][109]. - The controlling shareholder and key stakeholders have committed to not reducing their shareholdings below the issue price for two years post-lockup[141]. - The company’s board and senior management have made commitments to ensure the fulfillment of return compensation measures[143].

Financial Performance - The company achieved a revenue of CNY 2,636,980,919.92 in 2021, representing a 41.15% increase compared to the previous year[36]. - Net profit attributable to shareholders decreased by 33.29% to CNY 270,474,435.27, primarily due to the restoration of tariffs and rising costs of raw materials and freight[36]. - The company's net cash flow from operating activities fell by 72.00% to CNY 138,481,904.79[23]. - The total assets increased by 54.43% to CNY 6,506,379,766.98 at the end of 2021[23]. - The basic earnings per share decreased to CNY 0.71, down 37.72% from the previous year[26]. - The weighted average return on equity dropped to 7.43%, a decrease of 10.21 percentage points from the previous year[26]. - The company reported a significant increase in government subsidies related to its normal business operations, amounting to CNY 18,359,492.10 in 2021[31]. - The company achieved operating revenue of RMB 2,636,980,919.92, representing a year-on-year growth of 41.15%[66]. - The net profit attributable to shareholders was RMB 270,474,435.27, a decline of 33.29% compared to the previous year[65]. - The gross profit margin decreased by 12.27 percentage points to 26.98% compared to the previous year[72]. Research and Development - The company's R&D expenses totaled ¥185,559,395.28, an increase of 82.32% year-on-year[37]. - The company completed 19 R&D projects, including smart health home bed control systems and wireless kitchen appliance control systems[38]. - Total R&D investment was 185.56 million RMB, representing 7.04% of operating revenue[88]. - The number of R&D personnel was 571, making up 16.88% of the total workforce[89]. - The company focuses on continuous technological innovation in linear drive products, which are primarily used in medical care, smart office, and smart home sectors, with plans to enhance performance in noise reduction, thrust increase, and mobility speed[142]. Corporate Governance - The company has obtained a total of 788 patents, including 49 domestic invention patents and 81 international invention patents, along with 63 software copyrights[56]. - The company is committed to enhancing corporate governance and transparency through regular performance briefings and compliance with regulations[44]. - The board of directors consists of 9 members, including 3 independent directors, and has held 5 meetings, adhering to governance regulations[149]. - The supervisory board, comprising 3 members, has held 4 meetings, ensuring oversight of significant matters and financial conditions[150]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, and operations, complying with governance standards[151]. - The company actively engages with investors through various communication channels to ensure timely information dissemination and protect investor rights[155]. Market and Strategic Initiatives - The company is actively planning the acquisition of Logic Endeavor Group GmbH, completed on July 5, 2021, to enhance its brand presence in the high-end furniture market in Europe and North America[43]. - The company aims to accelerate domestic market development, leveraging successful experiences from overseas markets[52]. - The company has established production bases in multiple countries, including the USA, Germany, and Malaysia, to enhance global service capabilities[60]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[175]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's R&D capabilities and is expected to close by Q3 2022[175]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and cyclical downturns in downstream industries, which could lead to reduced orders and inventory issues[132]. - The company is exposed to intense market competition, particularly from established foreign manufacturers with significant market share and brand recognition[132]. - The company has been affected by the COVID-19 pandemic, impacting raw material supply and logistics, especially for exports[133]. - The company has faced increased costs due to U.S. tariffs on exports, with a 25% tariff rate reinstated since August 2020[135]. - The company’s reliance on a concentrated customer base poses risks if demand from key clients changes[140]. Shareholder Information - The company plans to distribute a cash dividend of RMB 2.2 per 10 shares to all shareholders, subject to approval at the 2021 annual general meeting[6]. - The total number of shares held by the chairman Hu Renchang increased from 75,247,907 to 105,347,070, a change of 30,099,163 shares, attributed to capital reserve conversion[164]. - The total number of shares held by the general manager Lu Xiaojian increased from 47,223,428 to 66,112,799, a change of 18,889,371 shares, also due to capital reserve conversion[164]. - The total remuneration paid to directors, supervisors, and senior management in 2021 amounted to CNY 5,201,678.23[186]. - The company held five board meetings in 2021, with all resolutions passed without any objections[192].

Financial Performance - The company achieved a revenue of CNY 2,636,980,919.92 in 2021, representing a 41.15% increase compared to the previous year[36]. - Net profit attributable to shareholders decreased by 33.29% to CNY 270,474,435.27, primarily due to the restoration of tariffs and rising costs of raw materials and freight[36]. - The company's net cash flow from operating activities fell by 72.00% to CNY 138,481,904.79[1]. - The total assets increased by 54.43% to CNY 6,506,379,766.98 at the end of 2021[1]. - The basic earnings per share decreased to CNY 0.71, down 37.72% from the previous year[1]. - The company achieved operating revenue of RMB 2,636,980,919.92, an increase of 41.15% compared to the previous year[66]. - The net profit attributable to shareholders of the listed company was RMB 270,474,435.27, a decrease of 33.29% year-on-year[65]. - The gross profit margin decreased by 12.27 percentage points to 26.98%[72]. - The main business cost was ¥1,922,372,143.75, which increased by 69.62% compared to the previous year[70]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 25%[175]. Research and Development - The company's R&D expenses totaled ¥185,559,395.28, an increase of 82.32% year-on-year[37]. - The company completed 19 R&D projects, including smart home control systems and health care drive control systems[38]. - Total R&D investment was 185.56 million RMB, representing 7.04% of operating revenue[88]. - The number of R&D personnel reached 571, making up 16.88% of the total workforce[89]. - The company has invested 200 million yuan in R&D for new technologies, focusing on automation and smart home solutions[175]. - The company focuses on continuous technological innovation in linear drive products, which are primarily used in medical care, smart office, and smart home sectors, with plans to enhance performance in noise reduction, thrust increase, and mobility speed[142]. Corporate Governance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company’s financial report has been declared true, accurate, and complete by its responsible persons[4]. - The company has confirmed that all board members attended the board meeting[5]. - The board of directors consists of 9 members, including 3 independent directors, and has held 5 meetings during the reporting period, fulfilling its responsibilities diligently[149]. - The supervisory board, comprising 3 members, has held 4 meetings, ensuring compliance with regulations and overseeing significant matters[150]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, adhering to governance standards[151]. - The company actively engages with investors through various communication channels, ensuring timely and accurate information dissemination[155]. - The company has held 1 annual and 2 temporary shareholder meetings, ensuring compliance with legal requirements and protecting minority shareholders' rights[148]. Market and Industry Outlook - The linear drive industry is in an upward growth phase, with significant applications in smart offices, medical care, and smart home sectors[119]. - The global medical device market is expected to reach $56.07 billion by 2023, with linear drive products potentially capturing a market size of approximately $2.804 billion[123]. - The domestic linear drive market is still in its growth phase, with a projected market size of around $2.4 billion for linear drive products in adjustable desks by 2024[122]. - The furniture industry in China is expected to exceed ¥1 trillion by 2024, with adjustable desks representing a significant segment of this market[122]. - The compound annual growth rate (CAGR) for China's medical device market is estimated at 14%, with a projected market size of ¥1076.7 billion by 2023[126]. - The global smart home market is projected to grow from $103 billion in 2019 to $157 billion by 2023, indicating a strong demand for linear drive systems[127]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and cyclical downturns in downstream industries, which could lead to reduced orders and inventory issues[132]. - The company is exposed to intense market competition, particularly from established foreign manufacturers with significant market share and brand recognition[132]. - The company has been affected by the COVID-19 pandemic, impacting raw material supply and logistics, especially for exports[133]. - The company has faced increased costs due to U.S. tariffs on exports, with a 25% tariff rate reinstated since August 2020[135]. - The company’s reliance on a concentrated customer base poses risks if demand from key clients changes[140]. - The company faces financial risks related to accounts receivable, which could adversely affect cash flow if not collected in a timely manner[145]. Strategic Initiatives - The company is actively planning the acquisition of Logic Endeavor Group GmbH, completed on July 5, 2021, to enhance its brand presence in the high-end furniture market in Europe and the U.S.[43]. - The company aims to enhance its production efficiency and market responsiveness through automation and intelligent manufacturing systems[36]. - The company plans to continue expanding its production capacity and automation levels through completed IPO fundraising projects[36]. - The company aims to become a leader in the linear drive product industry, focusing on core technology with independent intellectual property rights and expanding globally[128]. - In 2022, the company plans to enhance operational governance, optimize product structure, and innovate marketing strategies to discover new growth points[129]. Shareholder and Management Information - The total pre-tax remuneration for chairman Hu Renchang was 611,300 yuan[164]. - The total pre-tax remuneration for general manager Lu Xiaojian was 804,800 yuan[164]. - The total pre-tax remuneration for director Wu Dizeng was 880,000 yuan[164]. - The total pre-tax remuneration for vice general manager Shen Anbin was 724,300 yuan[164]. - Total remuneration for directors, supervisors, and senior management in 2021 amounted to CNY 5,201,678.23[186]. - The company’s remuneration for senior management is linked to performance and industry standards, ensuring competitive compensation[186].