Financial Performance - The company's operating revenue for the first half of 2021 was ¥94,147,644.26, representing a 35.06% increase compared to ¥69,706,785.96 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was ¥13,962,980.71, a 64.58% increase from ¥8,483,910.98 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥12,965,753.78, showing an 89.69% increase compared to ¥6,835,059.73 in the same period last year[19]. - The net cash flow from operating activities was ¥17,163,313.59, which is a 22.32% increase from ¥14,031,158.97 in the previous year[19]. - The total assets at the end of the reporting period were ¥551,771,597.23, reflecting a 1.70% increase from ¥542,550,894.46 at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were ¥522,207,120.60, a 2.75% increase from ¥508,244,139.89 at the end of the previous year[19]. - The basic earnings per share for the first half of 2021 was ¥0.132, a 65% increase from ¥0.08 in the same period last year[20]. - The weighted average return on net assets increased to 2.71%, up by 1 percentage point from 1.71% in the previous year[20]. - The total profit for the first half of 2021 was 16.25 million yuan, up 63.39% compared to the same period last year[40]. - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 1.5 billion, representing a year-over-year growth of 25%[87]. Revenue Growth Drivers - The growth in operating revenue was primarily due to effective control of the domestic pandemic situation, leading to a significant increase in orders compared to last year[20]. - The increase in net profit and net profit after deducting non-recurring gains and losses was mainly due to higher production and sales volumes, which reduced the fixed cost per unit of products[20]. - The company anticipates continued growth in revenue driven by improved order volumes as the domestic pandemic situation stabilizes[45]. Product and Market Strategy - The main products include rubber components for automotive and high-speed train applications, with a focus on O-rings, shaft seals, and hub assemblies[25][26]. - The production model is primarily customized, with a focus on "sales-driven production" and reasonable inventory management based on customer orders[29][30]. - The sales strategy involves direct sales to customers, establishing long-term relationships through annual framework contracts[31]. - The company has developed over a thousand rubber compound formulas suitable for various working environments, achieving import substitution in the automotive air conditioning rubber parts sector[35]. - The company has a significant scale advantage in the automotive air conditioning rubber parts market, leading to cost advantages and increased market share[36]. Research and Development - The company holds 8 invention patents and 24 utility model patents, indicating a strong focus on R&D capabilities[34]. - Research and development expenses remained relatively stable at $4.36 million, showing a slight decrease of 0.11% compared to the previous year[45]. - The company is investing 50 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[74]. - The company is investing in new technology development, allocating RMB 200 million for R&D in AI and machine learning to enhance product offerings[87]. Operational Efficiency - The company maintains a stable supply chain with long-term agreements with suppliers, allowing for effective inventory management and cost control[27][28]. - The company aims to reduce operational costs by 10% through efficiency improvements and process optimizations[73]. - The company has implemented new strategies to improve operational efficiency, targeting a 15% reduction in operational costs by the end of 2021[87]. Shareholder Information - The company reported a lock-up period of 36 months for shareholders, during which they cannot transfer or manage their shares[66]. - After the lock-up period, any share reduction must not be below the issue price, with adjustments for dividends and stock splits[68]. - Shareholders are restricted to transferring no more than 25% of their total shares per year during their tenure and for 6 months post-termination[66]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2021, with no dividends or stock bonuses planned[58]. Risks and Challenges - The automotive industry is experiencing a slowdown due to macroeconomic pressures, leading to increased competition and reduced growth rates[32]. - The company faces risks related to fluctuations in the automotive industry's economic conditions and intensified market competition[52]. - The company faces risks related to a single product structure, primarily concentrated in the automotive air conditioning system, which could lead to significant performance volatility if market prices decline[54]. - The company is facing challenges in talent acquisition and development, necessitating further investment in building a skilled workforce[43]. Compliance and Governance - The company passed the IATF16949 automotive quality management system re-examination in March 2021, enhancing its quality management level[40]. - The company has committed to enhancing corporate governance and compliance training for its board members and executives to prevent future regulatory issues[82]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[142]. Financial Position - The total assets as of June 30, 2021, were ¥546,496,666.77, an increase from ¥539,525,462.12 at the end of 2020[108]. - Total liabilities decreased to ¥29,383,822.27 from ¥34,142,112.90 year-on-year[108]. - The company's equity attributable to shareholders increased to ¥522,207,120.60 from ¥508,244,139.89, indicating a growth of approximately 2.7%[104]. - The company reported a comprehensive income total of RMB 8,933,075.48 for the current period[133]. Investment and Acquisitions - The company completed a strategic acquisition of a smaller competitor for 300 million, expected to enhance product offerings and customer base[75]. - The company has completed a strategic acquisition of a smaller competitor for RMB 500 million, expected to enhance market position and operational capabilities[87]. Future Outlook - The company provided guidance for the next quarter, expecting revenue to be between 1.6 billion and 1.7 billion, indicating a potential growth of 7% to 13%[74]. - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30% based on current market trends and user acquisition strategies[87].

Financial Performance - Operating revenue for the period reached CNY 50,342,250.86, a 77.90% increase year-on-year[6] - Net profit attributable to shareholders surged by 253.10% to CNY 8,768,739.53 compared to the same period last year[6] - Basic earnings per share rose by 300.00% to CNY 0.08[6] - Operating profit for Q1 2021 was CNY 10,238,054.73, a 234.21% increase from CNY 3,063,397.97 in Q1 2020[16] - Net profit for Q1 2021 was CNY 8,768,739.53, representing a 253.10% increase from CNY 2,483,383.12 in Q1 2020[16] - The total profit for Q1 2021 was CNY 10,581,062.71, significantly higher than CNY 3,166,346.33 in Q1 2020, marking a 234.5% increase[29] - The net profit for Q1 2021 reached CNY 9,107,176.37, up from CNY 2,633,825.04 in Q1 2020, representing a growth of 245.5%[29] Cash Flow - The net cash flow from operating activities increased by 139.81% to CNY 4,934,937.18[6] - The company reported a cash inflow from operating activities of CNY 42,962,607.20 in Q1 2021, compared to CNY 29,263,012.57 in Q1 2020, reflecting a growth of 46.5%[30] - The net cash flow from operating activities for Q1 2021 was CNY 4,934,937.18, an increase of 140.5% compared to CNY 2,057,869.56 in Q1 2020[31] - Total cash inflow from operating activities was CNY 43,393,590.19, up from CNY 30,162,980.01 in the previous year, representing a growth of 43.8%[31] - The net cash flow from investment activities was -CNY 1,637,511.27, an improvement from -CNY 3,790,304.94 in the same period last year[31] - The net increase in cash and cash equivalents for the quarter was CNY 3,335,446.98, compared to a decrease of CNY 1,729,582.38 in Q1 2020[32] Assets and Liabilities - Total assets increased by 1.28% to CNY 549,490,339.48 compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to CNY 549,490,339.48, compared to CNY 542,550,894.46 at the end of 2020[20] - Total liabilities decreased to CNY 32,312,266.63 in Q1 2021 from CNY 34,142,112.90 in Q4 2020, reflecting a reduction of 5.4%[23] - Shareholders' equity increased to CNY 514,490,525.59 in Q1 2021 from CNY 505,383,349.22 in Q4 2020, showing a growth of 1.2%[24] Shareholder Information - The number of shareholders reached 18,498 at the end of the reporting period[12] - The top shareholder, QI Jianguo, holds 42.45% of the shares, totaling 45,000,000 shares[12] Operating Costs and Expenses - Total operating costs for Q1 2021 were CNY 41,408,658.68, up from CNY 26,245,541.89 in Q1 2020, representing a 57.7% increase[25] - The company reported a significant decrease in other income, which fell by 46.79% to CNY 92,374.71 from CNY 173,598.76 in the previous year[16] - The company incurred a credit impairment loss of CNY -123,354.27 in Q1 2021, a significant improvement from a loss of CNY 345,571.10 in Q1 2020[28] - The company reported a decrease in operating expenses, with management expenses rising to CNY 8,334,923.71 in Q1 2021 from CNY 6,771,916.06 in Q1 2020, an increase of 23.1%[28] Research and Development - Research and development expenses for Q1 2021 were CNY 2,223,417.48, compared to CNY 2,048,612.46 in Q1 2020, marking an increase of 8.5%[25]

Financial Performance - In 2020, the company achieved a net profit of RMB 22,532,561.22, a decrease of 1.71% compared to RMB 22,923,536.35 in 2019[5] - The total operating revenue for 2020 was RMB 168,689,409.74, reflecting a growth of 5.45% from RMB 159,977,931.07 in 2019[21] - The net profit from operating activities was RMB 22,867,538.12, a decline of 17.05% compared to RMB 27,567,436.97 in 2019[21] - The total profit for 2020 was 26.38 million yuan, a decrease of 0.59% compared to the previous year[47] - The gross profit margin improved to 42.67%, an increase of 1.2 percentage points from the previous year[51] - Basic earnings per share for 2020 were RMB 0.21, down 4.55% from RMB 0.22 in 2019[22] - The weighted average return on net assets was 4.49% in 2020, a decrease of 0.22 percentage points from 4.71% in 2019[22] - The company reported a financial asset impairment loss of CNY 1,322,025.80 in 2020, compared to a gain of CNY 321,489.11 in 2019[183] Assets and Liabilities - The company's total assets increased by 3.96% to RMB 542,550,894.46 at the end of 2020, compared to RMB 521,900,817.99 at the end of 2019[21] - Total liabilities rose to RMB 34,306,754.57 in 2020 compared to RMB 28,769,239.32 in 2019, marking an increase of around 19.06%[177] - Shareholders' equity increased to RMB 508,244,139.89 in 2020 from RMB 493,131,578.67 in 2019, reflecting a growth of about 3.07%[177] - Accounts receivable rose to RMB 82,169,409.65 in 2020 from RMB 75,963,151.86 in 2019, representing an increase of about 8.83%[175] - The total liabilities to equity ratio increased, indicating a higher leverage position for the company in 2020 compared to 2019[177] Research and Development - The company specializes in the R&D, production, and sales of rubber components, primarily for automotive and high-speed train applications, highlighting its focus on the transportation sector[31] - The company holds 8 invention patents and 24 utility model patents, indicating a strong focus on R&D capabilities in high-performance rubber components[38] - Research and development expenses totaled ¥8,801,325.85, which is 5.22% of total revenue, with 54 R&D personnel making up 11.04% of the total workforce[60] - The company plans to increase R&D investment and strengthen cooperation with research institutions to ensure technological leadership in the rubber parts sector[73] Market Strategy and Operations - The company aims to enhance its market presence through continuous innovation in rubber sealing technologies, which are essential for automotive performance and safety[32] - The company plans to expand its product offerings and improve operational efficiencies to capture a larger market share in the automotive components industry[31] - The production model is based on "sales-driven production + reasonable inventory," with production plans tailored to customer orders[34] - The company has established long-term stable relationships with suppliers, implementing a credit rating system (A, B, C) for effective supplier management[33] Dividend Policy - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares (including tax) based on the total share capital as of the dividend record date[5] - The cash dividend policy stipulates that at least 20% of the distributable profit must be allocated as dividends, with a minimum of 20% of that being cash dividends[82] - In 2019, the company distributed a cash dividend of 0.07 RMB per share, totaling 7,420,000 RMB, which represented 32.37% of the net profit attributable to ordinary shareholders[84] - The company has maintained a consistent cash dividend distribution policy over the past three years, with cash dividends in 2018, 2019, and 2020 being 0.10 RMB, 0.07 RMB, and 0.07 RMB per share respectively[84] Corporate Governance - The company emphasized the protection of shareholder rights and improved corporate governance in compliance with relevant laws and regulations[122] - The company maintained transparent information disclosure practices to safeguard investor relations and protect minority shareholders[122] - The company held three board meetings and three supervisory meetings during the reporting period, ensuring effective governance and risk management[122] Economic Environment and Industry Outlook - The automotive industry is cyclical, with growth slowing due to macroeconomic pressures and increased competition[36] - The automotive industry in China is expected to recover in 2021, with sales projected to exceed 26 million vehicles, driven by the growth of electric and smart vehicles[65] - The automotive parts industry in China experienced a compound annual growth rate of 7.17% from 2012 to 2019, with a market sales scale of 3.74 trillion in 2020 due to various pressures[69] Compliance and Audit - The company has not reported any instances of funds being occupied or progress in debt recovery during the reporting period[96] - The audit report did not identify any significant misstatements in the other information provided by the company[167] - The audit confirmed that the revenue recognition practices align with the applicable accounting standards and internal policies[170] Employee and Management - The company has established a comprehensive compensation and benefits system, combining fixed salaries based on job responsibilities with performance-based variable compensation[152] - A total of 46 training programs were planned for 2021, focusing on corporate culture, employee quality, vocational skills, safety production, and quality systems[153] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 4.6936 million yuan[148]

2021 年第一季度报告 公司代码：603655 公司简称：朗博科技 常州朗博密封科技股份有限公司 2021 年第一季度报告正文 1 / 8 2021 年第一季度报告 一、 重要提示 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 549,490,339.48 | 542,550,894.46 | | 1.28 | | 归属于上市公司 | 517,012,879.42 | 508,244,139.89 | | 1.73 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | 4,934,937.18 | 2,057,869.56 | | 139.81 | | 现金流量净额 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | | 营业收入 | 50,342 ...

Financial Performance - Operating revenue for the first nine months was ¥117,611,710.95, reflecting a year-on-year increase of 7.61%[6] - Net profit attributable to shareholders for the first nine months was ¥15,942,123.00, up 17.09% from the previous year[6] - Basic earnings per share increased by 15.38% to ¥0.15[9] - The weighted average return on net assets improved to 3.21%, an increase of 0.39 percentage points[9] - Total operating revenue for Q3 2020 reached ¥47,904,924.99, a 33.3% increase from ¥36,018,086.12 in Q3 2019[25] - Net profit for Q3 2020 was ¥7,458,212.02, compared to ¥3,994,012.75 in Q3 2019, representing an increase of 86.5%[26] - The company reported a total profit of ¥8,784,749.33 for Q3 2020, up from ¥4,554,279.99 in Q3 2019, marking an increase of 93.5%[26] - The company reported a total profit of CNY 9,006,875.79 for Q3 2020, compared to CNY 4,611,524.73 in Q3 2019, which is an increase of approximately 95.5%[29] Assets and Liabilities - Total assets at the end of the reporting period reached ¥526,901,940.75, an increase of 0.96% compared to the end of the previous year[6] - Current assets totaled CNY 356,091,706.55, up from CNY 342,222,630.01 in December 2019, reflecting a growth of approximately 4.5%[18] - Total liabilities decreased to CNY 25,248,239.08 from CNY 28,769,239.32, a reduction of approximately 12.5%[19] - The company’s total liabilities and equity totaled CNY 526,901,940.75, consistent with total assets, maintaining a balanced sheet[19] - Total liabilities decreased from ¥28,577,468.26 in Q3 2019 to ¥25,083,782.38 in Q3 2020, a reduction of 8.7%[22] - Shareholders' equity increased to ¥498,552,207.34 in Q3 2020 from ¥489,340,793.38 in Q3 2019, showing a growth of 1.5%[22] Cash Flow - The net cash flow from operating activities for the first nine months decreased by 15.82% to ¥18,642,070.45[6] - Cash flow from operating activities for the first three quarters of 2020 was CNY 99,720,765.59, down from CNY 101,529,497.68 in the same period of 2019, showing a decrease of about 1.8%[32] - The net cash flow from investment activities was -¥5,224,998.57 in Q3 2020, an improvement from -¥9,354,331.17 in Q3 2019[34] - The cash inflow from investment activities for the first nine months of 2020 was ¥163,814,728.42, a significant increase from ¥84,548,785.56 in the same period of 2019, representing a growth of 93.5%[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 3,511[12] - The largest shareholder, Qijian Guo, holds 42.45% of the shares, totaling 45,000,000 shares[12] - Shareholders' equity increased to CNY 501,653,701.67 from CNY 493,131,578.67, reflecting a growth of about 1.2%[19] Government and Other Income - The company received government subsidies amounting to ¥503,302.43 during the reporting period[8] - Other income rose by 166.38% from CNY 188,941.34 to CNY 503,302.43, mainly due to government subsidies received[15] Expenses and Costs - The income tax expense increased by 34.73% from CNY 2,071,468.76 to CNY 2,790,895.25 due to a rise in total profit[15] - The company's other expenses decreased by 68.01% from CNY 181,000.00 to CNY 57,900.64, mainly due to reduced charitable donations[15] - Research and development expenses for Q3 2020 were ¥2,218,014.06, compared to ¥2,017,790.45 in Q3 2019, indicating a 9.9% increase[25] Investment and Property - Investment properties decreased by 59.28% from CNY 2,825,505.23 to CNY 1,150,467.50 primarily due to a reduction in the rental area of subsidiaries[14] - The company holds investment properties worth RMB 2.8 billion, contributing to its asset diversification strategy[39] - The company has a long-term equity investment of RMB 1.8 billion, reflecting its commitment to strategic partnerships[43] Changes in Accounting Standards - The company adjusted "prepayments" to "contract liabilities" with an adjustment amount of RMB 145.5 million[41] - The company implemented new revenue and lease standards starting from 2020, with retrospective adjustments to prior comparative data[46]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥69,706,785.96, a decrease of 4.88% compared to ¥73,280,756.57 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2020 was ¥8,483,910.98, down 11.82% from ¥9,621,380.22 in the previous year[21]. - The net cash flow from operating activities decreased by 42.89%, amounting to ¥14,031,158.97 compared to ¥24,566,970.41 in the same period last year[21]. - Basic earnings per share for the first half of 2020 were ¥0.08, a decrease of 11.11% from ¥0.09 in the same period last year[22]. - The weighted average return on net assets was 1.71%, down 0.29 percentage points from 2.00% in the previous year[22]. - Operating costs decreased by 5.87% to CNY 40,002,684.15 from CNY 42,497,918.49 year-on-year[43]. - The company's comprehensive gross margin for 2018, 2019, and the first half of 2020 was 42.46%, 41.47%, and 42.61% respectively, indicating potential fluctuations due to business scale expansion and raw material price volatility[50]. - The total comprehensive income for the first half of 2020 was CNY 8,933,075.48, compared to CNY 8,561,105.84 in the same period of 2019[102]. Cash Flow and Assets - The company's cash and cash equivalents at the end of the reporting period were CNY 123,789,496.95, representing 23.61% of total assets[45]. - Accounts receivable increased by 15.11% to CNY 77,911,216.06 from CNY 67,686,102.19 year-on-year[46]. - The company's fixed assets rose by 9.55% to CNY 147,396,668.26 compared to CNY 134,551,491.68 in the previous year[46]. - The total liabilities decreased by 16.61% in accounts payable to CNY 11,057,511.50 from CNY 13,259,929.91 year-on-year[47]. - The company reported a significant increase of 26.72% in taxes payable, amounting to CNY 3,020,232.50 compared to CNY 2,383,410.93 in the previous year[47]. - The company's current assets totaled ¥349,741,835.36, compared to ¥342,222,630.01 at the end of 2019, reflecting a growth of approximately 2.2%[92]. - The total assets amounted to CNY 520,710,469.77 as of June 30, 2020, slightly up from CNY 517,918,261.64 at the end of 2019[96]. Research and Development - Research and development expenses increased by 4.57% to CNY 4,363,161.83 from CNY 4,172,349.20 year-on-year[43]. - The company has obtained 8 invention patents and 24 utility model patents, indicating a strong focus on R&D capabilities in high-performance rubber components[35]. - The company has developed over 1,000 rubber compound formulas suitable for various working environments and technical requirements, achieving import substitution in the automotive air conditioning rubber parts sector[36]. Market and Competition - The company specializes in the R&D, production, and sales of rubber components, primarily for automotive and high-speed train applications[27]. - The automotive industry has been under pressure since the second half of 2018, affecting the company's sales and operational performance due to decreased consumer demand[50]. - The company faces risks from intensified market competition, particularly from foreign and joint venture enterprises with greater market share and technological advantages[50]. - The company has a competitive pricing strategy, with product prices lower than those of foreign and joint venture competitors, contributing to a higher market share[39]. Corporate Governance and Compliance - The company did not have any profit distribution plan or capital reserve transfer plan during the reporting period[6]. - There were no non-operating fund occupation situations by controlling shareholders or related parties[8]. - The company has established a clear framework for managing shareholding and transfer to ensure compliance and stability[56]. - The company emphasizes compliance with legal and regulatory requirements in its business operations[59]. Operational Challenges - The COVID-19 pandemic has caused operational delays, impacting production and sales capabilities, which may adversely affect profitability[51]. - The company has actively responded to the COVID-19 pandemic by ensuring employee safety and maintaining production continuity, successfully resuming operations in March 2020[42]. - The company has not proposed any profit distribution or capital reserve increase for the first half of 2020, indicating a conservative financial strategy amid uncertainties[54]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 4,333[79]. - The largest shareholder, Qijian Guo, held 45,000,000 shares, representing 42.45% of the total shares[79]. - The company did not experience any changes in its total number of shares or capital structure during the reporting period[76]. Legal and Regulatory Matters - There were no significant lawsuits or arbitration matters during the reporting period[66]. - The company and its controlling shareholders did not have any integrity issues or unfulfilled court judgments during the reporting period[66]. - The company has complied with national environmental protection laws and has not experienced any environmental pollution incidents during the reporting period[72]. Future Outlook - The company plans to continue its focus on market expansion and new product development in the upcoming periods[86]. - The company is exploring investment opportunities to enhance capital efficiency and expand its business scope, aiming to increase revenue and shareholder returns[42].

Financial Performance - In 2019, the company achieved a net profit of RMB 22,923,536.35, a decrease of 24.11% compared to 2018[5]. - The total revenue for 2019 was RMB 159,977,931.07, reflecting an 8.22% decline from RMB 174,312,410.84 in 2018[22]. - The net cash flow from operating activities was RMB 27,567,436.97, down 27.85% from RMB 38,206,134.09 in the previous year[22]. - The basic earnings per share for 2019 was RMB 0.22, a decrease of 21.43% from RMB 0.28 in 2018[23]. - The weighted average return on equity decreased to 4.71% in 2019 from 6.4% in 2018, a reduction of 1.69 percentage points[23]. - The total profit for 2019 was 2,653.41 million CNY, down 24.69% year-on-year, with net profit attributable to the parent company at 2,292.35 million CNY, a decrease of 24.11%[41]. - The gross profit margin for the company was 41.47%, which is nearly a 1 percentage point decrease from the previous year[43]. - The company’s domestic revenue was 157,071,052.18 CNY, a decrease of 5.98%, while foreign revenue dropped by 25.32% to 2,203,002.09 CNY[45]. Cash Flow and Assets - The company's total assets increased by 1.50% to RMB 521,900,817.99 at the end of 2019, compared to RMB 514,190,186.62 at the end of 2018[22]. - The company reported a net asset value of RMB 493,131,578.67 at the end of 2019, an increase of 2.56% from RMB 480,808,042.32 at the end of 2018[22]. - Total current assets increased to CNY 342,222,630.01 in 2019 from CNY 337,877,979.00 in 2018, representing a growth of approximately 1.0%[186]. - Cash and cash equivalents decreased slightly to CNY 114,772,300.07 in 2019 from CNY 115,232,907.53 in 2018, a decline of about 0.4%[185]. - Accounts receivable rose to CNY 75,963,151.86 in 2019, up from CNY 60,173,284.06 in 2018, indicating an increase of approximately 26.3%[185]. - Total liabilities decreased to CNY 28,769,239.32 in 2019 from CNY 33,382,144.30 in 2018, a reduction of about 13.7%[187]. Operational Insights - The company specializes in the R&D, production, and sales of rubber components, primarily for automotive and high-speed train applications[29]. - The company experienced a decline in both sales revenue and comprehensive gross margin in 2019 due to the automotive industry's downturn[26]. - The automotive industry is cyclical and has been experiencing a slowdown due to macroeconomic pressures, leading to increased competition[34]. - The company’s main products, including O-rings and shaft seals, experienced a decline in production and sales volumes due to the downturn in the automotive industry[46]. - The company has established long-term stable relationships with major clients such as Huayu Three Electric, Chongqing Construction, and Nanjing Aotajia, which are key players in the domestic automotive air conditioning compressor sector[37]. Research and Development - The company has developed various high-performance rubber sealing products, including low-friction rubber oil seals, and holds 8 invention patents and 20 utility model patents, indicating a strong R&D capability[35]. - The company’s R&D expenses were 8,601,551.04 CNY, a slight decrease of 2.28% compared to the previous year[42]. - The company has a strong human resource advantage with many senior technical personnel having over 15 years of industry experience, which supports continuous technological advancement[38]. Market and Competition - The automotive industry is transitioning from a growth phase to maturity, facing challenges such as slowing growth and overcapacity, with market share increasingly concentrated among leading companies[63]. - The company faces risks from increased market competition, particularly from foreign and joint venture firms that hold significant market shares[71]. - The company’s product structure is heavily concentrated in automotive air conditioning systems, posing risks if market prices decline in this sector[72]. Shareholder and Governance - The company plans to distribute a cash dividend of RMB 0.7 per 10 shares, subject to approval at the annual general meeting[5]. - The company has a cash dividend policy that mandates a minimum distribution of 20% of the distributable profit, with a cash dividend of 0.1 RMB per share for the 2018 fiscal year[76]. - The company emphasizes the protection of shareholder rights and actively engaged with investors through various communication channels[132]. - The company has not proposed any share buyback plans during the reporting period[78]. Compliance and Regulations - The company has not faced any penalties from securities regulatory authorities in the past three years[160]. - The company has committed to ensuring effective implementation of its compensation measures as per the regulations set by the China Securities Regulatory Commission[110]. - The company is committed to taking necessary measures to ensure compliance with future regulations from regulatory bodies[109]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue increase of 25% and aiming for a total revenue of 45 million[81]. - The company plans to enhance its product development capabilities, focusing on new products for automotive power and braking systems, while maintaining a competitive edge in automotive air conditioning systems[66]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness, with a budget of 2 million for the upcoming year[79].

2020 年第一季度报告 公司代码：603655 公司简称：朗博科技 常州朗博密封科技股份有限公司 2020 年第一季度报告 1 / 24 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 3 / 24 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 516,625,964.52 521,900,817.99 -1.01 归属于上市公司 股东的净资产 495,614,961.79 493,131,578.67 0.50 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 2,057,869.56 11,001,874.60 -81.30 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 28,298,468.65 37,803,750.35 -25.14 归属于上市公司 股东的净利润 2,483,383 ...

Financial Performance - Operating revenue for the first nine months was CNY 109,298,842.69, down 16.28% year-on-year [8]. - Net profit attributable to shareholders for the first nine months was CNY 10,573,860.58, a decrease of 42.67% compared to the same period last year [8]. - Basic earnings per share for the third quarter was CNY 0.13, down 40.91% from CNY 0.22 in the same period last year [9]. - The net profit attributable to the parent company for the first nine months was CNY 13,615,392.97, down 41.93% year-on-year [8]. - Total operating revenue for Q3 2019 was ¥36,018,086.12, a decrease of 8.4% compared to ¥39,498,312.74 in Q3 2018 [23]. - Total profit for the first three quarters of 2019 was ¥15,686,861.73, a decline of 43.2% from ¥27,600,244.72 in the same period of 2018 [24]. - Net profit for Q3 2019 reached ¥3,994,012.75, an increase of 9% from ¥3,664,960.21 in Q3 2018 [24]. - The total comprehensive income attributable to the parent company for the first three quarters of 2019 was ¥13,615,392.97, down 41.9% from ¥23,446,693.47 in the same period of 2018 [25]. - The total profit for Q3 2019 was CNY 4,611,524.73, a decrease of 57.5% from CNY 10,821,687.32 in Q3 2018 [27]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY 22,146,470.08, a decline of 5.28% year-on-year [8]. - Cash inflow from operating activities for the first three quarters of 2019 was CNY 104,475,076.38, a decrease of 18.7% compared to CNY 128,576,305.00 in the same period of 2018 [29]. - Total cash inflow from operating activities was ¥102,693,661.50, down 19.5% from ¥127,525,458.41 year-on-year [31]. - The net cash flow from investment activities was -¥8,681,819.98, significantly improved from -¥88,224,584.11 in the same period last year [31]. - Cash inflow from investment activities reached ¥84,548,785.56, compared to ¥744,197.62 in the previous year [31]. - The net cash flow from financing activities was -¥10,600,000.00, an improvement from -¥16,684,905.66 in the same period of 2018 [32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 508,233,627.71, a decrease of 1.16% compared to the end of the previous year [8]. - Current assets totaled RMB 331,567,558.93, down from RMB 337,877,979.00, indicating a decrease of about 1.83% [16]. - Total liabilities decreased to RMB 24,410,192.42 from RMB 33,382,144.30, reflecting a decline of about 26.83% [18]. - The company’s total equity attributable to shareholders at the end of the reporting period was CNY 483,823,435.29, an increase of 0.63% compared to the end of the previous year [8]. - Non-current assets totaled RMB 176,666,068.78, slightly up from RMB 176,312,207.62, reflecting a marginal increase of about 0.20% [17]. Shareholder Information - Total number of shareholders reached 6,813 [13]. - The largest shareholder, Qi Jianguo, holds 45 million shares, representing 42.45% of total shares [13]. Expenses - Financial expenses increased by 52.78%, from -813,576.09 to -1,243,005.20 [15]. - Research and development expenses for Q3 2019 were ¥2,017,790.45, a decrease of 12.4% from ¥2,302,742.26 in Q3 2018 [23]. - Sales expenses for Q3 2019 were CNY 1,218,576.43, a decrease of 5.6% from CNY 1,290,112.59 in Q3 2018 [26]. - Tax expenses for Q3 2019 amounted to ¥560,267.24, an increase of 30.3% from ¥429,786.30 in Q3 2018 [24]. Other Financial Metrics - The weighted average return on equity decreased by 2.37 percentage points to 2.82% [8]. - The company reported a non-operating income of CNY 1,230,000.00 for the third quarter, primarily from investment income [11]. - Cash received from investment reached 80 million, a significant increase from 0.00 [15]. - The company reported a decrease in inventory to RMB 20,044,922.71 from RMB 19,500,497.96, an increase of about 2.80% [16].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥73,280,756.57, a decrease of 19.52% compared to ¥91,053,514.80 in the same period last year[20] - The net profit attributable to shareholders for the first half of 2019 was ¥9,621,380.22, down 51.36% from ¥19,781,733.26 in the previous year[20] - The net cash flow from operating activities increased by 68.58% to ¥24,566,970.41, compared to ¥14,573,231.56 in the same period last year[20] - The total assets at the end of the reporting period were ¥505,083,911.01, a decrease of 1.77% from ¥514,190,186.62 at the end of the previous year[20] - The basic earnings per share for the first half of 2019 were ¥0.09, down 52.63% from ¥0.19 in the same period last year[21] - The weighted average return on net assets decreased by 2.2 percentage points to 2.00% compared to 4.20% in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥7,570,415.81, a decrease of 47.75% from ¥14,488,465.76 in the same period last year[20] - The company's net assets attributable to shareholders at the end of the reporting period were ¥479,829,422.54, a slight decrease of 0.20% from ¥480,808,042.32 at the end of the previous year[20] - The diluted earnings per share were also ¥0.09, reflecting the same decline of 52.63% compared to the previous year[21] Operational Insights - The net profit attributable to shareholders of the listed company declined significantly due to a decrease in sales and a drop in gross margin, with insufficient reduction in period expenses contributing to this decline[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses also fell, primarily due to the overall decline in net profit[23] - The net cash flow from operating activities increased, attributed to a greater decrease in cash outflows compared to inflows, with a reduction in procurement amounting to 6.86 million and a decrease in tax cash outflows by 5.7 million due to lower VAT rates and profit decline[23] - Basic earnings per share decreased significantly due to the drop in net profit[23] - Diluted earnings per share also fell for the same reason as above[23] Market and Industry Context - In the first half of 2019, domestic automobile production and sales reached 12.132 million and 12.323 million units, respectively, representing a year-on-year decline of 13.7% and 12.4%[32] - The automotive industry is experiencing continuous pressure, with production and sales declining for 12 consecutive months, impacting the overall profitability of the industry[32] - The company is focusing on expanding its rubber product market and exploring new customers to stabilize its business amid industry challenges[37] - The company is actively seeking new profit growth points and accelerating its transformation in response to changes in the automotive industry[37] Research and Development - The company has developed multiple high-performance sealing products, obtaining 8 invention patents and 13 utility model patents, positioning itself at a leading level in the domestic industry[33] - The company has a strong R&D capability, having developed thousands of rubber compound formulas suitable for various working environments[34] - The company has implemented strict quality inspection processes to ensure product quality and has increased technical investments for new product development[37] Shareholder and Governance Matters - The company did not have any profit distribution plan or capital reserve transfer plan during the reporting period[5] - The company has committed to a 36-month lock-up period for major shareholders, preventing them from transferring shares[50] - The company’s actual controller, Qian Jian, has agreed not to transfer shares for six months following the listing date[50] - Shareholders are restricted from transferring more than 25% of their total shares in any given year[52] - The company will not allow any share repurchase from its major shareholders during the lock-up period[53] - The company has outlined specific restrictions for its directors and senior management regarding share transfers during and after their tenure[55] - The company has committed to maintaining transparency regarding any changes in shareholding and compliance with these commitments[52] Future Outlook and Strategic Initiatives - The company provided guidance for the next quarter, projecting revenue growth of 20% and an expected total revenue of $600 million[58] - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million earmarked for potential deals[57] - The company plans to enhance its supply chain logistics, aiming for a 15% reduction in operational costs by the end of 2020[60] - The company is planning market expansion into Southeast Asia, targeting a 10% market share within the next two years[63] Compliance and Regulatory Matters - The company has committed to ensuring compliance with regulatory requirements and maintaining effective implementation of its commitments[81] - There were no significant lawsuits or arbitration matters reported during the reporting period[83] - The company maintains a commitment to integrity and compliance with laws and regulations, with no reported breaches by the controlling shareholders[83] Financial Reporting and Accounting Policies - The company adheres to the accounting standards and ensures that its financial reports accurately reflect its financial status and operational results[155] - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[151] - The company has not reported any major related party transactions outside of the disclosed rental agreement[85] - The company has not experienced any changes in its accounting firm or received any non-standard audit reports during the reporting period[83]