Financial Performance - The company's operating revenue for Q1 2023 was CNY 312,136,244.40, representing a year-on-year increase of 27.69%[5] - The net profit attributable to shareholders for the same period was CNY 10,234,122.90, reflecting a significant increase of 71.54% compared to the previous year[5] - Basic and diluted earnings per share both stood at CNY 0.05, marking a growth of 66.67% year-on-year[6] - Total operating revenue for Q1 2023 reached CNY 312,136,244.40, a 27.7% increase from CNY 244,440,880.76 in Q1 2022[20] - Net profit for Q1 2023 was CNY 10,069,697.67, representing a 73.5% increase compared to CNY 5,802,254.77 in Q1 2022[21] - Earnings per share for Q1 2023 were CNY 0.05, up from CNY 0.03 in Q1 2022[22] Cash Flow - The net cash flow from operating activities was negative at CNY -114,057,957.45, indicating a cash outflow[5] - Cash flow from operating activities in Q1 2023 was negative CNY 114,057,957.45, an improvement from negative CNY 197,306,913.05 in Q1 2022[24] - Cash inflow from operating activities totaled CNY 409,737,644.24, compared to CNY 295,040,311.44 in Q1 2022[24] - Cash outflow from operating activities was CNY 523,795,601.69, up from CNY 492,347,224.49 in Q1 2022[24] - Investment activities generated a net cash outflow of CNY 22,395,155.08 in Q1 2023, compared to a net inflow of CNY 52,094,017.22 in Q1 2022[24] - Financing activities resulted in cash inflow of CNY 126,000,000.00 in Q1 2023, significantly higher than CNY 19,590,000.00 in Q1 2022[24] - Total cash inflow from financing activities amounted to $126 million, compared to $19.59 million in the previous period[25] - Cash outflow for debt repayment was $80 million, up from $5.6 million year-over-year[25] - Net cash flow from financing activities was $44.96 million, an increase from $7.73 million in the prior period[25] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $716,116.28[25] - The net increase in cash and cash equivalents was a decrease of $92.21 million, compared to a decrease of $137.77 million previously[25] - The ending balance of cash and cash equivalents was $318.79 million, down from $389.13 million in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,246,584,628.12, a decrease of 4.42% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to CNY 2,246,584,628.12, a decrease from CNY 2,350,421,284.77 as of December 31, 2022, representing a decline of approximately 4.4%[17] - The company's current assets totaled CNY 1,564,439,761.59, down from CNY 1,673,854,906.22, indicating a decrease of about 6.5%[18] - The company's cash and cash equivalents were CNY 328,498,221.12, a decrease from CNY 427,998,035.03, reflecting a decline of approximately 23.3%[17] - Accounts receivable stood at CNY 746,958,434.23, slightly down from CNY 752,206,154.13, showing a decrease of about 0.7%[17] - The total liabilities of the company were CNY 701,091,354.45, down from CNY 817,887,215.75, representing a reduction of approximately 14.3%[19] - The company's total equity was CNY 1,545,493,273.67, reflecting a decrease from CNY 1,532,534,068.02, indicating a slight increase of about 0.8%[19] - The company reported a decrease in inventory to CNY 424,839,068.76 from CNY 424,492,446.60, which is an increase of approximately 0.8%[18] - Short-term borrowings increased to CNY 132,087,388.88 from CNY 86,066,000.00, representing an increase of about 53.5%[19] - The company’s accounts payable decreased to CNY 330,942,290.74 from CNY 427,862,626.77, indicating a decline of approximately 22.7%[19] - The company’s long-term investments remained stable at CNY 69,061,372.07, slightly down from CNY 69,291,013.01, reflecting a decrease of about 0.3%[18] Expenses - The company experienced a 41.87% increase in selling expenses, attributed to business expansion and enhanced service-related costs[11] - Total operating costs for Q1 2023 were CNY 314,419,976.86, up 26.7% from CNY 248,180,976.08 in Q1 2022[20] - The company reported a government subsidy of CNY 5,431,052.32 included in non-operating income[7]

Financial Performance - The company's operating revenue for 2022 was CNY 1,554,958,423.76, a decrease of 9.45% compared to CNY 1,717,290,642.31 in 2021[26]. - The net profit attributable to shareholders for 2022 was CNY 126,387,869.92, down 46.30% from CNY 235,370,594.62 in 2021[26]. - The basic earnings per share for 2022 was CNY 0.63, a decline of 45.69% from CNY 1.16 in 2021[28]. - The net cash flow from operating activities for 2022 was CNY 84,251,373.07, a decrease of 47.67% compared to CNY 161,012,833.00 in 2021[27]. - The total assets at the end of 2022 were CNY 2,350,421,284.77, an increase of 5.83% from CNY 2,220,987,101.31 at the end of 2021[27]. - The weighted average return on equity for 2022 was 8.07%, down 7.41 percentage points from 15.48% in 2021[28]. - The company reported a net loss of CNY 4,316,088.61 in the first quarter of 2022, followed by a profit of CNY 63,217,312.22 in the fourth quarter[30]. - The company achieved total revenue of ¥1,554,958,423.76 in 2022, a decrease of 9.45% compared to the previous year[93]. - Net profit attributable to shareholders was ¥126,387,869.92, down 46.30% year-on-year[93]. - Total assets increased by 5.83% to ¥2,350,421,284.77 compared to the beginning of the year[93]. Dividend and Share Repurchase - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling approximately 60.1 million RMB, which represents 47.55% of the net profit attributable to shareholders for 2022[6]. - The total amount paid for share repurchases during the reporting period was approximately 33.4 million RMB, combined with the proposed cash dividend, this accounts for 73.96% of the net profit attributable to shareholders[6]. - The company reported a total share capital of 203,242,000 shares, with 2,920,036 shares held in the repurchase account excluded from the dividend calculation[6]. Market and Industry Trends - The company is focused on expanding its market presence and developing new technologies, particularly in smart water meters and IoT applications[15]. - The company faced significant pressure on profits due to high raw material prices and intensified industry competition[29]. - The average price of mainstream products, such as NB-IoT smart water meters, declined by 7.00%-8.00% year-on-year, significantly impacting the company's performance[38]. - The sales revenue of smart 2.0 water meters increased by over 60% year-on-year, indicating strong market demand for new products[42]. - The company’s overseas sales revenue increased by 6.41% year-on-year, reflecting successful international market expansion efforts[42]. - The water meter industry remains fragmented with low concentration, leading to intensified competition due to product homogeneity[61]. - Policies promoting water infrastructure and rural revitalization are expected to drive industry development, providing potential benefits for the company[62]. - The company recognizes the increasing competition in the smart water meter market, with a focus on technological advancements and product differentiation[66]. - The smart water meter market is experiencing a clear upgrade trend towards intelligent hardware-based solutions, driven by policy guidance and technological demand[70]. - The demand for smart water meters is increasing due to stricter management requirements and the need for automation in water supply systems, with a focus on IoT and data integration[70]. Research and Development - The company applied for 128 patents and 23 software copyrights during the reporting period, demonstrating its commitment to innovation and technology development[48]. - The company has made significant investments in R&D, focusing on optimizing traditional products and developing new technologies to enhance core competitiveness[44]. - Research and development expenses amounted to ¥60,276,565.06, a decrease of 3.83% from the previous year[95]. - The company reported a total R&D expenditure of CNY 60,276,565.06, which accounted for 3.88% of total operating revenue[106]. - The company has a total of 208 R&D personnel, accounting for 17.05% of the total workforce[107]. Operational Efficiency and Challenges - The company is focusing on improving its operational efficiency and exploring new market opportunities to counteract the current challenges[29]. - The company has improved its supply chain management and production efficiency, ensuring quality and safety in production processes[49]. - The company is focused on developing comprehensive solutions for urban underground water supply network optimization, including hardware and software services[75]. - The company is committed to providing superior smart water solutions through the application of digital, information, and intelligent technologies in water meter manufacturing[69]. - The company is addressing the risk of intensified market competition and product price volatility by enhancing product quality and leveraging emerging technologies[168]. Governance and Compliance - The company has established a compliance management committee to enhance governance and compliance practices[175]. - The company has committed to transparent information disclosure, ensuring compliance with legal and regulatory requirements[175]. - The company held two shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[172]. - The board of directors convened eight meetings, adhering to legal requirements and ensuring effective decision-making[173]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[191]. Future Outlook and Strategic Goals - The company aims to develop the next generation of multi-parameter smart water meters to meet the needs of water supply enterprises for refined management and real-time data[63]. - The company plans to enhance the digitalization, networking, and intelligence of water resource management systems[64]. - The company aims to transition from traditional manufacturing to a "manufacturing + service" model, focusing on providing comprehensive smart water solutions over the next 4-6 years[156]. - The company has established a strategic goal to become a comprehensive group enterprise capable of providing full-field smart water services within 7-10 years[156]. - The company plans to leverage its 60 years of industry experience to overcome technical bottlenecks in smart water management and strengthen its competitive advantage[147].

Financial Performance - The company's operating revenue for Q3 2022 was ¥378,222,329.55, a decrease of 13.24% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥23,492,962.73, down 49.87% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,517,107.79, a decrease of 48.32% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.12, a decline of 47.83% year-on-year[6] - The net profit attributable to shareholders for the year-to-date was ¥64,515,151.49, a decrease of 60.78% compared to the same period last year[5] - The diluted earnings per share for the year-to-date was ¥0.12, reflecting a decline of 60.49% year-on-year[6] - Net profit for Q3 2022 was CNY 63,826,038.02, a decline of 61.0% from CNY 163,942,485.00 in Q3 2021[21] - Earnings per share for Q3 2022 was CNY 0.32, compared to CNY 0.81 in Q3 2021, indicating a significant drop in profitability[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,215,646,083.64, a decrease of 0.24% from the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was ¥1,477,209,664.58, down 7.46% from the end of the previous year[6] - Total current assets as of September 30, 2022, amount to ¥1,640,534,768.21, a decrease from ¥1,813,260,040.57 in the previous year[16] - Total liabilities as of September 30, 2022, are ¥739,084,666.63, up from ¥624,651,476.97 in the previous year[18] - The company's total assets amounted to CNY 2,215,646,083.64 as of Q3 2022, slightly down from CNY 2,220,987,101.31 in the previous year[21] - The company's retained earnings decreased to CNY 694,198,891.01 from CNY 791,266,030.72 year-over-year, indicating a reduction in accumulated profits[21] - The total equity attributable to shareholders decreased to CNY 1,477,209,664.58 from CNY 1,596,294,758.44 year-over-year, reflecting a decline in shareholder value[21] Cash Flow - The company reported a net cash flow from operating activities of -¥155,386,334.60 for the year-to-date[6] - The net cash flow from operating activities was -155,386,334.60, compared to -121,319,128.59 in the previous year, indicating a decline in operational cash flow[25] - Total cash inflow from operating activities was 1,158,210,732.09, slightly up from 1,154,278,756.64 year-over-year[25] - Cash outflow from operating activities increased to 1,313,597,066.69 from 1,275,597,885.23, reflecting higher operational costs[25] - The net cash flow from investing activities was -143,545,694.96, a significant decrease from 76,271,628.59 in the previous year, indicating reduced investment returns[26] - Cash inflow from investing activities totaled 541,756,705.54, down from 1,048,517,807.83 year-over-year[26] - Cash outflow from investing activities was 685,302,400.50, compared to 972,246,179.24 in the previous year, showing a reduction in investment expenditures[26] - The net cash flow from financing activities was -5,893,690.92, an improvement from -74,065,691.27 in the previous year, suggesting better management of financing[26] - The total cash and cash equivalents at the end of the period were 224,288,603.56, down from 368,533,721.25 year-over-year[26] - The company received 299,090,000.00 in cash from borrowings, significantly higher than 88,000,000.00 in the previous year, indicating increased reliance on debt financing[26] - The company paid out 160,940,583.63 in dividends and interest, compared to 82,502,835.32 in the previous year, reflecting a commitment to shareholder returns despite cash flow challenges[26] Operational Challenges - The company attributed the profit fluctuations to the impact of recurring COVID-19 outbreaks and significant increases in raw material prices, particularly copper and iron[10] - The company has not reported any new product developments or market expansions in the current quarter[15] - The company plans to focus on market expansion and new product development to drive future growth, although specific figures were not disclosed in the report[20] - Total operating revenue for the first three quarters of 2022 was CNY 1,047,932,145.63, a decrease of 10.9% compared to CNY 1,175,996,552.87 in the same period of 2021[20] - Total operating costs for the first three quarters of 2022 were CNY 987,259,031.46, down from CNY 1,009,567,935.19 in 2021, reflecting a cost reduction strategy[20] - Research and development expenses for the first three quarters of 2022 were CNY 48,771,193.72, slightly up from CNY 48,522,315.58 in 2021, showing continued investment in innovation[20] - The company reported a financial expense of CNY -7,172,900.77 in 2022, a significant improvement compared to CNY 755,267.40 in 2021, indicating better management of financial costs[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,076[13] - The largest shareholder, Zhang Shihao, holds 38,173,657 shares, accounting for 18.78% of total shares[13]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders reached RMB 80 million, up 10% compared to the same period last year[13]. - The company's total revenue for the first half of the year was CNY 669,709,816.08, a decrease of 9.50% compared to the same period last year[20]. - Net profit attributable to shareholders was CNY 41,022,188.76, down 65.13% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 25,804,030.51, a decline of 74.36% compared to the previous year[20]. - The company's net cash flow from operating activities was negative at CNY -212,971,774.58, compared to CNY -146,285,640.98 in the same period last year[20]. - The basic earnings per share for the reporting period were CNY 0.2, down 65.52% from CNY 0.58 in the same period last year[21]. - The weighted average return on net assets was 2.67%, a decrease of 5.21 percentage points compared to the previous year[21]. - The company reported a significant decline in real estate development investment, amounting to 683.14 billion yuan, a year-on-year decrease of 5.4%, impacting industry demand[38]. - The company reported a net loss of 81,296,800 for the period, highlighting challenges in profitability[186]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region by the end of 2023[13]. - The company is focusing on the construction of a data resource pool and smart enabling platforms to support collaborative innovation in intelligent applications[46]. - The company is set to expand its market presence by actively engaging in major water resource projects and rural water supply initiatives, which are key areas for industry development[47]. - The company plans to enhance its market presence by expanding both domestic and international markets, leveraging its brand and technology advantages[101]. - The company is focusing on strategic investments and potential mergers to strengthen its competitive position in the market[186]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies for water management systems[13]. - New product development includes the launch of a next-generation smart water meter, expected to enhance data accuracy by 30%[13]. - The company invested CNY 33.17 million in R&D during the first half of 2022, representing a 5.07% increase compared to the same period last year[73]. - The company applied for 55 patents and 6 software copyrights during the reporting period, and published 10 scientific papers, indicating a strong focus on innovation and standardization[75]. - The company is committed to continuous innovation, with ongoing research and development efforts aimed at launching new products in the next fiscal year[140]. Operational Challenges - The company has faced delays in project execution and sales activities due to the ongoing pandemic, impacting revenue recognition[39]. - The company is experiencing a shift in its business model, with an increasing proportion of centralized procurement and longer average account periods due to the rising share of smart water meters[57]. - The company is facing challenges in revenue recognition cycles and order progress due to the recurring impact of the pandemic[84]. - The company is addressing supply chain risks by optimizing production processes and diversifying procurement channels to manage raw material costs[103]. Financial Management and Integrity - The company emphasizes the importance of maintaining financial integrity and has confirmed that there are no non-operational fund occupations by controlling shareholders[6]. - There are no significant risks identified that could materially impact the company's operations during the reporting period[6]. - The company has no plans for major acquisitions in the near term, focusing instead on organic growth strategies[6]. - The company has maintained a good integrity status, with no significant debts or court judgments pending[140]. - The company has not engaged in any significant related party transactions during the reporting period, maintaining financial integrity[141]. Environmental and Social Responsibility - The company has not faced any environmental penalties during the reporting period and has adhered to environmental laws and regulations[118]. - The company has implemented measures for waste gas, wastewater, noise, and solid waste treatment, ensuring compliance with environmental protection standards[119][120]. - The company has been recognized as a green low-carbon factory and a water-saving benchmark enterprise in Zhejiang Province, contributing to the "dual carbon" goals[122]. - The company has engaged in social responsibility initiatives, including support for frontline pandemic workers and contributions to rural water safety projects[124]. Shareholder and Management Commitments - The company did not propose any profit distribution or capital reserve transfer for the first half of 2022[113]. - The company appointed Chen Wei as the new Deputy General Manager and Wang Zhebin as the new Chief Financial Officer during the board meeting on April 27, 2022[112]. - The company implemented an employee stock ownership plan, with a total of 1,080,036 shares transferred at a price of 13.83 yuan per share, accounting for 0.53% of the total share capital[116]. - The company has established a clear plan for compliance with share transfer restrictions to ensure shareholder confidence[129]. - The company will ensure that any profits from violations of share transfer commitments will be returned to the company[129].

Financial Performance - The company's operating revenue for Q1 2022 was ¥244,440,880.76, representing a decrease of 13.48% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥5,966,081.81, down 85.87% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,316,088.61, a decline of 114.79%[5]. - The basic earnings per share for the period was ¥0.03, reflecting a decrease of 85.71%[6]. - Total operating revenue for Q1 2022 was CNY 244,440,880.76, a decrease of 13.5% compared to CNY 282,532,300.59 in Q1 2021[22]. - Net profit for Q1 2022 was CNY 5,802,254.77, a significant decline of 86.2% from CNY 42,023,166.93 in Q1 2021[24]. - Operating profit for Q1 2022 was CNY 1,722,316.31, down from CNY 36,982,799.90 in Q1 2021[23]. - Basic earnings per share for Q1 2022 were CNY 0.03, compared to CNY 0.21 in Q1 2021[24]. Cash Flow and Assets - The net cash flow from operating activities was -¥197,306,913.05, which is not applicable for comparison[5]. - Cash flow from operating activities in Q1 2022 was a net outflow of CNY 197,306,913.05, compared to a net outflow of CNY 178,715,549.57 in Q1 2021[26]. - Cash inflow from operating activities totaled CNY 295,040,311.44, while cash outflow was CNY 492,347,224.49 in Q1 2022[26]. - The total assets at the end of the reporting period were ¥2,116,054,061.44, down 4.72% from the end of the previous year[6]. - The company's total current assets decreased from 1,813,260,040.57 RMB at the end of 2021 to 1,667,346,722.20 RMB as of March 31, 2022, a decline of approximately 8%[18]. - Cash and cash equivalents decreased from 541,653,970.89 RMB to 413,149,577.87 RMB, a reduction of about 24%[18]. - The total cash inflow from financing activities was $19,590,000.00, an increase from $14,000,000.00 in the prior period[27]. - The net cash flow from financing activities was $7,727,142.90, improving from a negative cash flow of $6,368,608.06 in the previous period[27]. - The cash and cash equivalents at the end of the period totaled $389,132,368.12, down from $526,902,387.88 at the beginning of the period[27]. Liabilities and Equity - The total liabilities as of Q1 2022 were CNY 511,600,942.51, down from CNY 624,651,476.97 in the previous year[23]. - Total current liabilities decreased from 614,705,561.51 RMB to 501,351,820.68 RMB, a reduction of approximately 18.4%[19]. - Total equity attributable to shareholders was CNY 1,604,576,080.07, slightly up from CNY 1,596,294,758.44 in Q1 2021[23]. Operational Challenges - The company faced challenges in business operations due to the recurring pandemic, affecting revenue recognition and order fulfillment[10]. - The company reported a decrease in government subsidies compared to the previous year, impacting overall profitability[11]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,302[14]. - The largest shareholder, Zhang Shihua, holds 40,233,657 shares, representing 19.8% of total shares[15]. - The company has signed a concerted action agreement among several major shareholders, indicating potential strategic alignment[15]. Research and Development - Research and development expenses for Q1 2022 were CNY 16,952,733.22, an increase from CNY 13,966,069.70 in Q1 2021[23]. Asset Management - The company has a total of 448,707,339.24 RMB in non-current assets as of March 31, 2022, compared to 407,727,060.74 RMB at the end of 2021, reflecting an increase of about 10%[19]. - The company reported a significant decrease in employee compensation payable from 42,026,516.17 RMB to 10,906,833.19 RMB, a drop of approximately 74%[19]. Accounting Standards - The company did not apply the new accounting standards for the current year[28].

Financial Performance - The company's operating revenue for 2021 was CNY 1,717,290,642.31, representing an 8.00% increase compared to CNY 1,590,152,353.41 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 235,370,594.62, a decrease of 13.81% from CNY 273,091,001.84 in 2020[25]. - The net cash flow from operating activities increased by 27.02% to CNY 161,012,833.00 in 2021, compared to CNY 126,758,759.57 in 2020[25]. - The total assets at the end of 2021 were CNY 2,220,987,101.31, up 7.82% from CNY 2,059,923,483.00 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 1.16, down 13.43% from CNY 1.34 in 2020[26]. - The weighted average return on equity decreased by 4.68 percentage points to 15.48% in 2021 from 20.16% in 2020[26]. - The company reported a net profit of CNY 42,211,074.62 in Q1 2021, with total operating revenue of CNY 282,532,300.59 for the same quarter[28]. - The company received government subsidies amounting to CNY 16,269,979.20 in 2021, compared to CNY 19,070,858.24 in 2020[29]. Dividend and Share Repurchase - The company plans to distribute a cash dividend of 8 RMB per 10 shares, totaling approximately 161.64 million RMB, which represents 68.68% of the net profit attributable to shareholders for 2021[5]. - The total amount spent on share repurchases during the reporting period was approximately 26.60 million RMB, leading to a combined total of 188.25 million RMB for dividends and repurchases, accounting for 79.98% of the net profit attributable to shareholders[5]. - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling approximately 81.3 million RMB for the year 2020[191]. - The cash dividend distribution policy states that at least 20% of the annual distributable profit must be distributed in cash if there are no major capital expenditure plans[188]. - The company has established a profit distribution policy that emphasizes reasonable returns to public shareholders and aims for consistency and stability in cash dividends[187]. Risks and Compliance - The company has not identified any significant risks that could materially affect its operations during the reporting period[7]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7]. - The company has not faced any violations of decision-making procedures in providing guarantees to external parties[7]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements in the report[6]. - The company is committed to enhancing corporate governance, ensuring compliance with relevant laws and regulations, and protecting shareholder rights[158]. Audit and Internal Control - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - Internal control evaluations have been conducted, confirming the effectiveness of the company's internal control systems without significant deficiencies[160]. - The internal control audit report issued by Lixin Accounting Firm provided a standard unqualified opinion, indicating effective internal control measures[199]. Research and Development - The company invested 62.68 million yuan in R&D, a year-on-year increase of 10.19%, and applied for 94 patents during the reporting period[39]. - Research and development expenses increased by 25% in 2021, totaling 150 million, reflecting the company's commitment to innovation[165]. - The company has established a comprehensive R&D and production management system, enhancing automation and efficiency in production[89]. Market and Industry Trends - The overall industry development in 2021 faced significant challenges, with a decline in revenue growth rates for the instrument manufacturing sector, showing a quarterly decreasing trend[46]. - The implementation of new pricing management measures for urban water supply in October 2021 is expected to take time to yield substantial benefits[49]. - The company anticipates a domestic demand for water meters to reach 1.3 billion units by 2023, with projected sales revenue of 151 million RMB[132]. - The smart water service market is projected to grow, addressing challenges such as water resource shortages and the need for enhanced supply system monitoring[133]. Strategic Initiatives - The company has formed strategic partnerships with leading technology firms to develop cutting-edge smart water technologies, laying a solid foundation for future growth in the smart water sector[88]. - The company is committed to high-quality development, emphasizing product quality and operational efficiency to foster sustainable growth[141]. - The company plans to enhance its market share by implementing differentiated marketing strategies and expanding into new markets, including residential water meter markets[143]. Employee and Management - The company has implemented a performance-based salary system for management and technical staff, with salaries based on local industry standards and performance evaluations[182]. - The total number of employees in the parent company is 994, while the total number of employees in major subsidiaries is 228, resulting in a combined total of 1,222 employees[181]. - The company has established a transparent performance evaluation and incentive mechanism for senior management to enhance governance[159].

证券代码：603700 证券简称：宁水集团 公告编号：2021-057 宁波水表（集团）股份有限公司 关于参加宁波辖区 2021 年度上市公司投资者网上集体接待 日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强宁波辖区上市公司与投资者的沟通交流，增强上市公司的透 明度，提升公司治理水平，促进公司规范运作，在宁波证监局指导下，宁波上 市公司协会联合深圳市全景网络有限公司共同举办"心系投资者、携手共行动 —宁波辖区 2021 年度上市公司投资者网上集体接待日活动"。活动将于 2021 年 11 月 18 日 15:00-17:00 举行，平台登陆地址为：https://rs.p5w.net/。 届时，公司高管人员将参加本次活动，通过网络在线交流形式，就公司治 理、发展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行 "一对多"形式的沟通与交流。欢迎广大投资者踊跃参与。特此公告。 宁波水表（集团）股份有限公司董事会 2021 年 11 月 11 日 ...

2021 年第三季度报告 证券代码：603700 证券简称：宁水集团 宁波水表（集团）股份有限公司 2021 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个别及连带责任。 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 报表信息的真实、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 | | | 本报告期 | | 年初至报告 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 期末比上年 | | | | 期增减变 | | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 435,945,819.29 | 7.30 | 1,175,99 ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 15%[11]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[11]. - The company achieved total operating revenue of CNY 740,050,733.58, representing a year-on-year increase of 12.79%[21]. - Net profit attributable to shareholders was CNY 117,637,398.52, a slight increase of 0.29% compared to the same period last year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 0.48% to CNY 100,657,950.07[21]. - The company reported a significant increase in user data, with a notable rise in active users contributing to revenue growth[131]. - The net profit for the first half of 2021 was CNY 117,260,539.06, a slight increase from CNY 116,207,747.60 in the same period of 2020, representing a growth of approximately 0.9%[144]. Market Expansion and Product Development - The company plans to launch a new smart water meter product line by Q4 2021, aiming to capture a larger market share in the smart water management sector[11]. - The company is exploring potential acquisitions in the smart water technology sector to enhance its product offerings and market presence[11]. - The company is actively expanding its product offerings, including smart water meters and comprehensive data service platforms[34]. - The company plans to complete the construction of 40 new service points by the end of 2021 to enhance customer service and maintain market stability[36]. - The company plans to expand its market presence and is focusing on new product development to enhance competitiveness[131]. - The company aims to enhance its capital structure through strategic investments and potential mergers and acquisitions[164]. Research and Development - The company has invested RMB 30 million in R&D for new technologies related to IoT and smart water solutions[11]. - The company invested CNY 31.56 million in R&D during the first half of 2021, representing a 24.14% increase year-on-year[61]. - The company is focusing on the development of water quality sensors and non-invasive pipeline repair technologies, which are expected to benefit from environmental regulations[45]. - The company is focusing on technological innovation, having developed a project for networked monitoring and cloud platform systems for water supply networks, which was recognized by the Ministry of Industry and Information Technology[52]. Financial Position and Cash Flow - The company has maintained a strong cash position with cash and cash equivalents amounting to RMB 150 million as of June 30, 2021[11]. - Cash and cash equivalents decreased by 30.20% to CNY 348.98 million from CNY 500.00 million due to seasonal factors and net cash outflow from operations[72]. - The company reported a net cash outflow from operating activities of CNY -146.29 million, compared to CNY -124.95 million in the previous year[69]. - The total current assets as of June 30, 2021, amounted to CNY 1,780,010,075.69, a decrease from CNY 1,818,261,596.65 as of December 31, 2020, reflecting a decline of approximately 2.3%[131]. - The company reported cash and cash equivalents at the end of the period amounting to CNY 338,635,717.53, compared to CNY 287,675,487.03 at the end of the first half of 2020, an increase of approximately 17.7%[147]. Strategic Initiatives and Risk Management - The company has implemented a new marketing strategy focusing on digital channels, which is expected to increase customer engagement by 25%[11]. - The company has established a comprehensive R&D, procurement, production, sales, and after-sales service system, optimizing inventory management through an "order + stocking" model[35]. - The company has implemented measures to stabilize stock prices if the closing price falls below the audited net asset value per share for 20 consecutive trading days[106]. - The company has a lock-up period of 36 months for shares held by certain individuals, with specific conditions for potential extensions[104]. - The company is facing intensified market competition in the smart water meter sector, which may lead to price volatility due to the influx of cross-industry competitors[81]. Corporate Social Responsibility - The company has established a charity fund in Ningbo Jiangbei District to support various charitable activities, including assistance for the needy, education, healthcare, and disability services[98]. - The company has been actively involved in poverty alleviation efforts, partnering with impoverished counties in Gansu, Guizhou, and Yunnan to support the development of industries for registered impoverished households[98]. Compliance and Governance - The company committed to ensuring the authenticity, accuracy, and completeness of the prospectus, taking legal responsibility for any false statements or omissions[107]. - The controlling shareholders and actual controllers promised not to interfere with the company's management activities and not to infringe on the company's interests[109]. - The company will ensure that any future stock incentive plans are linked to the execution of compensation measures[109].

Financial Performance - Operating revenue increased by 19.52% to CNY 282,532,300.59 year-on-year[5] - Net profit attributable to shareholders increased by 27.47% to CNY 42,211,074.62 compared to the same period last year[5] - Basic and diluted earnings per share rose by 31.25% to CNY 0.21[5] - Total operating revenue for Q1 2021 was CNY 282,532,300.59, an increase of 19.5% compared to CNY 236,391,190.90 in Q1 2020[28] - Net profit for Q1 2021 reached CNY 42,023,166.93, representing a 27.5% increase from CNY 32,949,389.29 in Q1 2020[29] - Total comprehensive income for Q1 2021 was ¥42,715,597.82, compared to ¥32,522,419.69 in Q1 2020, reflecting a growth of 31.3%[32] Assets and Liabilities - Total assets decreased by 6.18% to CNY 1,932,593,359.72 compared to the end of the previous year[5] - The company's total assets decreased to CNY 1,898,900,358.08 from CNY 2,034,088,110.68 in the previous year[25] - The company's total liabilities decreased to CNY 445,605,271.16 from CNY 605,864,475.30, a reduction of approximately 26.43%[22] - Total liabilities decreased to CNY 412,767,887.71 from CNY 581,577,152.06 year-over-year[25] - The company's current assets totaled CNY 1,671,193,618.80, down from CNY 1,818,261,596.65 at the end of 2020, indicating a decrease of about 8.08%[20] Cash Flow - Cash flow from operating activities showed a slight improvement, with a net cash flow of -178,715,549.57, compared to -178,861,028.17 in the previous year[5] - Cash inflow from operating activities totaled ¥299,458,879.42, compared to ¥178,875,930.95 in Q1 2020, marking a significant increase of 67.4%[34] - The net cash flow from operating activities for Q1 2021 was -CNY 175,071,315.38, slightly improved from -CNY 181,037,593.64 in Q1 2020[36] - The net cash flow from investing activities was RMB -7,421,273.38, a significant improvement from RMB -106,160,353.05 in the previous year[14] Shareholder Information - The total number of shareholders reached 13,230 at the end of the reporting period[9] - The largest shareholder, Zhang Shihau, holds 19.80% of the shares, totaling 40,233,657 shares[9] - The company repurchased a total of 1,080,036 shares, accounting for 0.53% of the total share capital, at an average price of RMB 27.65 per share, totaling RMB 29,861,141.78[15] Research and Development - Research and development expenses increased by 61.70% to RMB 13,966,069.70 from RMB 8,637,097.54, reflecting the company's ongoing investment in smart water management hardware and software platforms[13] - The company reported a significant increase in research and development expenses, which rose to CNY 13,966,069.70 from CNY 8,637,097.54 in Q1 2020, marking a 61.5% increase[28] Government Support - Government subsidies recognized during the period amounted to CNY 11,948,059.99, primarily from the 2025 Industrial Enterprise Support Fund[8] - Other income increased by 99.67% to RMB 4,540,614.97 from RMB 2,274,068.41, primarily due to increased government subsidies received[14] Inventory and Receivables - Accounts receivable increased to CNY 580,758,428.37 from CNY 525,073,362.38, marking an increase of about 10.59%[20] - Inventory levels rose to CNY 319,855,835.98 from CNY 301,063,996.07, reflecting a 6.2% increase[24] - Other receivables decreased by 42.89% to RMB 10,571,799.47 from RMB 18,510,662.50, mainly due to the receipt of VAT refunds for embedded software products[13] Borrowings and Financial Position - Short-term borrowings increased by 39.88% to RMB 14,000,000.00 from RMB 10,008,797.58, reflecting new bank loans taken during the period[13] - The company reported a significant reduction in short-term borrowings, which increased to CNY 14,000,000.00 from CNY 10,008,797.58, an increase of approximately 39.87%[21]