| 证券代码：603757 | 证券简称：大元泵业 | 公告编号：2023-039 | | --- | --- | --- | | 债券代码：113664 | 债券简称：大元转债 | | 浙江大元泵业股份有限公司 2023 年半年度 募集资金存放与实际使用情况的专项报告 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。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求（2022 年修订）》（证监会公告〔2022〕15 号）、《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》以及《上海证券交易 所上市公司自律监管指南第 1 号——公告格式（2023 年 4 月修订）》的相关规定， 浙江大元泵业股份有限公司（以下简称"公司"、"本公司"）就 2023 年上半年度 募集资金存放与使用情况作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会证监许可[2022]2369 号《关于核准浙江大元泵 业股份有限公司公开发行可转换公 ...

Financial Performance - The company's operating revenue for 2022 was ¥1,678,011,545.58, representing a 13.05% increase compared to ¥1,484,315,403.55 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥260,755,772.11, a significant increase of 77.12% from ¥147,216,336.04 in the previous year[21]. - The net profit attributable to the listed company was ¥254,244,466.13, reflecting an 89.04% increase compared to ¥134,495,117.00 in 2021[21]. - Basic earnings per share grew by 76.40% year-on-year, and the basic earnings per share after deducting non-recurring gains and losses increased by 88.89%, mainly driven by the increase in net profit[24]. - The weighted average return on equity rose to 18.94%, an increase of 7.15 percentage points from the previous year, while the return on equity after deducting non-recurring gains and losses increased to 18.46%, up by 7.69 percentage points[23]. - The company's total assets reached approximately RMB 2.41 billion at the end of 2022, a 45.36% increase from the end of 2021[22]. - The net cash flow from operating activities for the year was approximately RMB 270.29 million, representing a 66.08% increase compared to the previous year[22]. - The company reported a significant increase in net profit for each quarter, with Q1 at RMB 26.49 million, Q2 at RMB 72.75 million, Q3 at RMB 70.45 million, and Q4 at RMB 91.07 million[27]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥7.00 per 10 shares, totaling approximately ¥116,744,040.00 based on a total share capital of 166,777,200 shares[6]. - The company has outlined a three-year dividend return plan for shareholders from 2022 to 2024[105]. - The company plans to distribute cash dividends of 3.5 RMB per 10 shares, totaling 58,392,810 RMB, which represents 39.66% of the net profit attributable to shareholders[121][124]. Market and Product Development - The company plans to continue expanding its market presence and enhancing product development to sustain growth in the coming years[32]. - The company is focusing on expanding its product lines and capacity in response to the growing demand for energy-efficient heating solutions[34]. - The company plans to enhance R&D efforts in liquid cooling and temperature control products to leverage its technological and brand advantages in the terminal market[35]. - The company aims to capitalize on the significant market potential in new infrastructure and renewable energy transformations[36]. - The company is committed to increasing its production capacity for industrial shield pumps, aiming to shorten delivery cycles and improve production efficiency, thereby enhancing overall profitability in this segment[86]. Compliance and Governance - The company has not faced any violations in decision-making procedures regarding external guarantees, maintaining compliance[9]. - The company has maintained a governance structure that promotes high-quality development, adhering to the principles of "sound, effective, and transparent" governance[93]. - The company has not reported any risk issues during the monitoring period, indicating effective oversight[116]. - The company has a clear cash dividend policy that aligns with its articles of association and shareholder resolutions[122]. Environmental Responsibility - The company invested 4.8381 million yuan in environmental protection during the reporting period[134]. - The company has implemented various air pollution control facilities, including spray towers and bag dust collectors, to treat process exhaust gases before discharge[137]. - The company focuses on developing energy-efficient pump products to reduce energy consumption in line with global carbon reduction goals[140]. - The company has adhered to environmental impact assessments and has renewed its pollutant discharge permit in compliance with legal requirements[139]. Risk Management - The company has outlined potential risks in its future development discussions, advising investors to be cautious[10]. - The company faces risks from intensified market competition, which could lead to a decline in market share if it fails to invest in market expansion and technology upgrades[88]. - The company has a significant amount of accounts receivable, approximately 330 million yuan, which poses a risk of bad debts if customers fail to pay[88]. Internal Control and Audit - The internal control system is designed to ensure the preparation of true, complete, and fair financial statements, safeguarding the company's assets[129]. - The internal control audit report for 2022 received a standard unqualified opinion from the auditing firm[131]. - The company has not reported any significant accounting errors that required correction during the reporting period[159]. Management and Leadership Changes - The company appointed Ye Chenchen as the new CFO effective January 2023, following the resignation of Han Yuanfu[99]. - Han Yuanfu also resigned as the General Manager in February 2023, with Wang Lujun appointed as his successor[99]. - The company has established a performance evaluation standard and incentive mechanism for senior management, with ongoing improvements to short-term and long-term incentive policies[127]. Shareholder Structure - The top ten shareholders collectively hold 63.25% of the company's shares, with the largest shareholder, Han Yuan, holding 12.65%[189]. - The number of ordinary shareholders increased from 9,745 to 15,700 during the reporting period[187]. - The company has not experienced any changes in controlling shareholders during the reporting period[196].

2023 年第一季度报告 全心全意做好泵—给系统 一个强劲的心 证券代码：603757 证券简称：大元泵业 浙江大元泵业股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | | 本报告期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | | | | 变动幅度(%) | | | 营业收入 | | 361,895,945.29 | 40.08 | | | 归属于上市公司股东的净利润 | | 60,242,065.52 | 127.42 | | | 归属 ...

证券代码：603757 证券简称：大元泵业 公告编号：2023-021 债券代码：113664 债券简称：大元转债 浙江大元泵业股份有限公司 关于召开 2022 年度暨 2023 年第一季度 业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 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 04 日(星期四) 至 05 月 10 日(星期 三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 zhengquan@dayuan.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。 浙江大元泵业股份有限公司（以下简称"公司"）已于 2023 年 4 月 24 日发布公司 2022 年度报告及 2023 年第一季度报告，为便于广 大投资者更全面深入地了解公司2022年度暨2023 年第一季度经营成 果、财务状况，公司计划于 2023 年 05 月 11 日 下午 13:0 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥494,217,163.87, representing a year-on-year increase of 22.24%[5] - The net profit attributable to shareholders for Q3 2022 was ¥70,449,223.48, a significant increase of 76.43% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥68,804,713.22, up 77.89% year-on-year[5] - The basic earnings per share for Q3 2022 was ¥0.43, reflecting a 79.17% increase compared to the same period last year[6] - The diluted earnings per share for Q3 2022 was ¥0.42, an increase of 75.00% year-on-year[6] - The weighted average return on equity for Q3 2022 was 5.21%, an increase of 1.89 percentage points compared to the previous year[6] - The net profit for Q3 2022 was CNY 169,685,209.18, an increase of 49.8% compared to CNY 113,326,943.53 in Q3 2021[19] - Basic and diluted earnings per share for Q3 2022 were CNY 1.02, up from CNY 0.69 in Q3 2021, representing a 47.8% increase[20] - The total profit for Q3 2022 was CNY 192,383,640.09, compared to CNY 127,558,860.06 in Q3 2021, reflecting a growth of 50.8%[18] Year-to-Date Performance - The net profit attributable to shareholders for the year-to-date was ¥169,685,209.18, an increase of 49.73% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 reached CNY 1,170,236,214.54, an increase of 8.8% compared to CNY 1,075,781,194.04 in the same period of 2021[17] - Total operating costs for the first three quarters of 2022 were CNY 979,797,256.54, up from CNY 949,799,196.32 in the previous year, reflecting a rise of 3.2%[17] - Operating cash flow for the first nine months of 2022 was CNY 247,439,501.94, significantly higher than CNY 87,067,531.24 in the same period of 2021[20] - Total revenue from sales of goods and services for the first nine months of 2022 reached CNY 1,179,125,726.74, compared to CNY 1,053,165,722.41 in the previous year, marking an increase of 11.9%[20] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥1,911,081,192.70, representing a 15.34% increase from the end of the previous year[6] - Cash and cash equivalents as of September 30, 2022, amounted to CNY 529,117,169.97, compared to CNY 480,786,393.89 at the end of 2021, indicating an increase of 10.1%[13] - Accounts receivable increased to CNY 302,470,742.70 from CNY 265,783,938.24, representing a growth of 13.8%[13] - Inventory levels rose to CNY 337,063,297.91, up from CNY 272,733,065.62, marking a significant increase of 23.6%[13] - Total assets as of September 30, 2022, were CNY 1,911,081,192.70, compared to CNY 1,656,844,035.86 at the end of 2021, reflecting a growth of 15.3%[15] - Total liabilities increased to CNY 522,081,606.33 from CNY 383,862,061.67, indicating a rise of 36.1%[15] - The company's equity attributable to shareholders reached CNY 1,388,999,586.37, up from CNY 1,272,981,974.19, showing an increase of 9.1%[15] Cash Flow and Expenses - The net cash flow from operating activities for the year-to-date was ¥247,439,501.94, showing a significant increase of 184.19%[6] - The company reported a net cash outflow from investing activities of CNY -151,305,311.29 for the first nine months of 2022, compared to CNY -142,682,857.26 in the same period of 2021[21] - The total cash and cash equivalents at the end of Q3 2022 were CNY 509,268,475.09, an increase from CNY 391,591,152.12 at the end of Q3 2021[21] - The company incurred sales expenses of CNY 47,715,053.64 in Q3 2022, slightly up from CNY 46,115,580.74 in Q3 2021[18] - Research and development expenses for Q3 2022 were CNY 42,608,331.09, a slight decrease from CNY 42,927,047.77 in Q3 2021[18] - The company reported a financial expense of CNY -21,816,956.85 in Q3 2022, compared to CNY -6,461,460.63 in Q3 2021, indicating a significant increase in financial costs[18] Future Outlook - The company reported a net profit margin improvement, with net profit for the first three quarters of 2022 expected to be higher than in the previous year, although specific figures were not disclosed[16] - Future outlook includes plans for market expansion and potential new product developments, although detailed strategies were not specified in the report[16]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 676.02 million, a slight increase of 0.67% compared to RMB 671.49 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was approximately RMB 99.24 million, representing a significant increase of 35.20% from RMB 73.40 million in the previous year[19]. - The basic earnings per share for the first half of 2022 was RMB 0.60, up 33.33% from RMB 0.45 in the same period last year[18]. - The weighted average return on equity increased to 7.55%, up 1.77 percentage points from 5.78% in the previous year[18]. - The net cash flow from operating activities for the first half of 2022 was approximately RMB 63.94 million, an increase of 4.06% compared to RMB 61.44 million in the same period last year[19]. - The company's total assets as of June 30, 2022, were approximately RMB 1.69 billion, reflecting a 2.24% increase from RMB 1.66 billion at the end of the previous year[19]. - The net assets attributable to shareholders increased to approximately RMB 1.32 billion, a rise of 3.47% from RMB 1.27 billion at the end of the previous year[19]. - The company reported a basic earnings per share after deducting non-recurring gains and losses of RMB 0.57, which is a 35.71% increase from RMB 0.42 in the same period last year[18]. Market and Product Overview - The company operates in the pump industry, focusing on the research, production, and sales of various pumps, with a strong presence in both domestic and international markets[22]. - The household shield pump market has a broad application scope, including whole-house heating and water circulation, with key focus areas being wall-mounted boilers and heat pump systems[25]. - The company has a comprehensive product line and market layout, with significant growth potential in various downstream markets, estimated to be several times the annual revenue of related product lines[30]. - The company is a leading player in the domestic shield pump industry, with its subsidiary Hefei Xinhui being a key standard-setting unit for several industry standards[29]. - The company established a new subsidiary focused on liquid cooling pumps, generating sales revenue of 9 million RMB, nearing the total sales of the previous year[38]. Sales and Revenue Growth - The sales revenue of household shield pumps reached 239 million RMB, representing a year-on-year growth of 22.1%, with energy-saving pump sales increasing by 39.6% to 65 million RMB[36]. - The industrial shield pump segment saw sales revenue of 101 million RMB, a significant year-on-year increase of 39.9%[37]. - In the first half of 2022, the company achieved operating revenue of 676 million RMB, a year-on-year increase of 0.67%, and a net profit attributable to shareholders of 99 million RMB, up 35.20%[35]. Financial Position and Cash Flow - The company’s cash flow from operating activities increased by 4.06% to 63.94 million RMB, while cash flow from investing activities decreased by 72.78% due to increased investment in production capacity projects[40]. - The company’s inventory increased by 23.76% to 337 million RMB, primarily due to increased stocking of shield pump products[42]. - The company’s financial expenses decreased significantly, with a year-on-year reduction of 187.57% due to increased exchange gains[40]. - The company reported a net profit of RMB 5,666.99 million from its subsidiary Hefei Xinhui Pump Co., with total assets of RMB 78,939.54 million[46]. Risks and Challenges - The company faced risks that were detailed in the report, which investors should be aware of[7]. - The company faces risks from intensified market competition, particularly from foreign firms with technological advantages[48]. - Raw material price fluctuations pose a risk, as direct materials constitute a high proportion of total costs[49]. - Accounts receivable stood at RMB 262 million, indicating a historical high level and potential bad debt risks[53]. Corporate Governance and Compliance - The company did not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[7]. - The company has committed to repurchase all newly issued shares if there are false statements or omissions in the prospectus, with the repurchase price being no less than the issuance price plus bank deposit interest[68]. - The actual controllers and shareholders have agreed to limit their share transfers to no more than 25% of their total holdings during their tenure, with specific conditions on post-resignation transfers[68]. - The company will initiate compensation for investors' losses within five trading days if there are false statements in the prospectus that lead to investor losses[70]. Research and Development - The company is investing heavily in R&D, with a budget allocation of 200 million for new technologies aimed at enhancing user experience[73]. - The company plans to enhance its product capabilities and accelerate production line upgrades to capture global market opportunities in energy-saving pumps[36]. Environmental and Social Responsibility - The company has established multiple purification facilities for air pollutants generated during production processes[64]. - The company conducts regular inspections and third-party testing to ensure the normal operation of environmental protection facilities[63]. - The company has implemented an emergency plan for environmental incidents and conducts regular drills to ensure its effectiveness[65]. Shareholder Information - The total number of shares before the recent changes was 168,306,000, with 2,762,000 shares under limited sale conditions and 165,544,000 shares under unrestricted circulation[88]. - The total number of shareholders as of the end of the reporting period was 10,411[94]. - The company has engaged in share repurchase actions due to both employee departures and performance issues, reflecting a strategic adjustment in its equity incentive plan[90]. Legal Matters - The company is involved in a significant intellectual property dispute with Grundfos Holding A/S, which claims that the company's subsidiary, Hefei Xinhui, infringed on its design patent for a centrifugal pump, seeking damages of RMB 3 million and other remedies[77]. - The first-instance judgment by the Guangzhou Intellectual Property Court ordered Hefei Xinhui to cease production and sales of the infringing products and to pay RMB 300,000 in damages[78]. - The second-instance judgment by the Guangdong High People's Court upheld the original ruling, with the appellate court costs borne by Grundfos and Hefei Xinhui[78].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 258,356,802.85, representing a decrease of 11.22% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 26,489,854.62, down 24.52% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 24,259,828.58, a decline of 26.31% compared to the previous year[5] - The basic earnings per share were CNY 0.16, down 23.81% from the same period last year[5] - Total comprehensive income for Q1 2022 was CNY 26,489,854.62, a decrease from CNY 35,094,641.79 in Q1 2021, representing a decline of approximately 24.5%[20] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.16, down from CNY 0.21 in Q1 2021, indicating a decrease of about 23.8%[20] - Net profit for Q1 2022 was CNY 26.49 million, a decline of 24.6% from CNY 35.09 million in Q1 2021[19] Cash Flow - The net cash flow from operating activities was CNY 8,271,476.84, reflecting a significant decrease of 42.02% year-on-year[5] - Cash inflow from operating activities in Q1 2022 was CNY 321,685,959.36, compared to CNY 330,636,024.13 in Q1 2021, reflecting a decrease of approximately 2.9%[22] - Net cash flow from operating activities for Q1 2022 was CNY 8,271,476.84, down from CNY 14,266,551.55 in Q1 2021, a decline of about 42.8%[22] - Total cash outflow from operating activities in Q1 2022 was CNY 313,414,482.52, slightly lower than CNY 316,369,472.58 in Q1 2021, a decrease of about 0.9%[22] - The company reported a net increase in cash and cash equivalents of -CNY 19,944,181.60 for Q1 2022, compared to -CNY 113,839,474.54 in Q1 2021, indicating a significant improvement[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,678,349,400.22, an increase of 1.30% from the end of the previous year[6] - The company's total assets as of March 31, 2022, amounted to CNY 1.68 billion, an increase from CNY 1.66 billion at the end of 2021[16] - Current assets totaled CNY 1.15 billion, slightly up from CNY 1.14 billion at the end of 2021[16] - Total liabilities decreased to CNY 377.34 million from CNY 383.86 million in the previous year[16] - The equity attributable to shareholders increased to CNY 1,301,014,351.31, up 2.20% from the previous year-end[6] - The equity attributable to shareholders increased to CNY 1.30 billion, up from CNY 1.27 billion at the end of 2021[16] Operational Metrics - The total number of ordinary shareholders at the end of the reporting period was 9,935[10] - The company reported R&D expenses of CNY 11.71 million, an increase of 12.5% compared to CNY 10.41 million in Q1 2021[19] - Inventory increased to CNY 332.55 million, up 22% from CNY 272.73 million at the end of 2021[16] - Accounts receivable decreased to CNY 230.35 million, down 13.3% from CNY 265.78 million at the end of 2021[16] Government Support - The company received government subsidies amounting to CNY 2,359,132.81, which are closely related to its normal business operations[7] Cash and Investments - Cash and cash equivalents at the end of Q1 2022 were CNY 451,819,126.64, down from CNY 490,287,048.23 at the end of Q1 2021, a decrease of about 7.8%[23] - Cash inflow from investment activities in Q1 2022 was CNY 50,463,400.00, compared to CNY 60,504,091.80 in Q1 2021, showing a decrease of approximately 16.5%[22] - Net cash flow from investment activities for Q1 2022 was -CNY 26,696,080.38, an improvement from -CNY 130,223,180.55 in Q1 2021[22] - The company received tax refunds of CNY 10,351,095.80 in Q1 2022, compared to CNY 6,880,063.46 in Q1 2021, an increase of approximately 50.5%[22]

Financial Performance - The company's operating revenue for 2021 was approximately ¥1.48 billion, representing a year-over-year increase of 5.04% compared to ¥1.41 billion in 2020[21]. - The net profit attributable to shareholders decreased by 31.02% to approximately ¥147 million in 2021 from ¥213 million in 2020[21]. - The basic earnings per share (EPS) fell by 31.54% to ¥0.89 in 2021, down from ¥1.30 in 2020[22]. - The total assets at the end of 2021 were approximately ¥1.66 billion, reflecting a 3.82% increase from ¥1.60 billion at the end of 2020[22]. - The weighted average return on equity decreased by 6.09 percentage points to 11.79% in 2021 from 17.88% in 2020[22]. - The net cash flow from operating activities for 2021 was approximately ¥162 million, an increase of 4.51% from ¥156 million in 2020[21]. - The company reported a decrease in net profit after deducting non-recurring gains and losses by 32.94% to approximately ¥134 million in 2021[21]. - The company achieved a record revenue of 1.484 billion RMB in 2021, marking the highest level since its establishment[30]. - The company achieved operating revenue of ¥1,484,315,403.55, representing a year-on-year growth of 5.04%[51]. - The net profit attributable to the parent company was ¥147,216,336.04, a decrease of 31.02% compared to the previous year[51]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 3.50 RMB per 10 shares, totaling approximately 58.88 million RMB based on a total share capital of 168,219,000 shares as of April 7, 2022[5]. - The company has committed to maintaining the distribution ratio per share even if the total share capital changes before the dividend distribution date[5]. - The company’s cash dividend distribution plan for 2020 was approved, distributing a total of 167,583,000 yuan (including tax) to shareholders, with a payout ratio of 78.53% of the net profit attributable to shareholders[118]. - The company’s cash dividend policy remained unchanged during the reporting period, ensuring the protection of minority shareholders' rights[117]. - The total number of shares before the recent changes was 167,583,000, with 3,335,000 shares subject to restrictions and 164,248,000 freely tradable shares[169]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the accuracy and completeness of the financial report[4]. - The company's management team guarantees the authenticity and completeness of the annual report, taking legal responsibility for any misrepresentation[8]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2021[192]. - Key audit matters identified included revenue recognition, which is critical due to the inherent risk of management manipulating revenue recognition to meet specific targets[197]. - The audit opinion provided reasonable assurance that the financial statements are free from material misstatement due to fraud or error[200]. Operational Highlights - The company has established partnerships with over 60 mainstream fuel cell system customers, indicating a rapid growth in orders for its new energy vehicle pumps[34]. - The household energy-saving pump segment generated approximately 98 million RMB in revenue, a year-on-year increase of 44.4%, significantly enhancing its share of the segment's total revenue[31]. - The civil water pump segment reported revenue of about 733 million RMB, showing slight positive growth despite adverse external conditions[32]. - The industrial shield pump segment achieved sales revenue of 139.88 million RMB, reflecting a year-on-year growth of 46%[33]. - The company is focusing on developing a comprehensive product matrix, including high-efficiency stainless steel pumps and intelligent control systems[32]. Market and Industry Outlook - The overall industry environment remains challenging due to high raw material costs and the impact of the pandemic, but long-term competitive dynamics are expected to improve[36]. - The global chemical pump market is estimated to be between $16 billion and $20 billion, with significant future application space for shielded pumps[40]. - The global pump market is estimated to be between $80 billion and $100 billion, with the industrial pump market accounting for 60% to 70% of this total[73]. - The household shield pump market is expected to grow significantly under the "dual carbon" goals, with current overseas market penetration below 5%[31]. Research and Development - The company holds a total of 326 patents, including 320 domestic patents and 6 international patents, showcasing its strong R&D innovation capabilities[44]. - Research and development expenses rose by 8.10% to CNY 61,827,619.83, driven by increased salaries for R&D personnel and depreciation of R&D equipment[52]. - Research and development investments have increased by 30%, focusing on sustainable technologies and product efficiency improvements[96]. - The company is committed to improving production efficiency and shortening delivery cycles for industrial shield pumps, enhancing overall profitability[83]. Governance and Management - The company has established a robust governance structure to ensure sustainable development and effective management of its operations[89]. - The company reported a total of 89,769,800 shares held by directors, supervisors, and senior management at the end of the reporting period, with no changes in shareholding during the year[93]. - The total pre-tax remuneration for directors, supervisors, and senior management amounted to 476.57 million yuan for the reporting period[93]. - The company appointed a new Chief Financial Officer, Han Yuanfu, during the reporting period[102]. Environmental Responsibility - The company has committed to environmental responsibilities and has a long-term commitment to comply with relevant regulations[135]. - The company's wastewater treatment meets standards after pre-treatment and is discharged into the municipal sewage system[129]. - The company has established multiple purification facilities for air pollutants, including spray towers and UV photolysis systems[129]. - Solid waste is classified and disposed of according to environmental requirements, with hazardous waste handled by qualified disposal units[129]. Legal Matters - The company faced a significant lawsuit regarding patent infringement, with a ruling requiring compensation of RMB 1 million and legal fees of RMB 13,800[152]. - The company has been involved in ongoing litigation related to the patent case, with the Beijing Intellectual Property Court supporting the invalidation of the patent in question[152]. - The company has a history of legal disputes with Grundfos Management A/S regarding patent rights, which has led to appeals and further legal proceedings[152]. - The company was ordered to pay economic damages of RMB 300,000 to Grundfos Management A/S, including reasonable legal fees, following a court ruling[154].

Financial Performance - The company's operating revenue for Q3 2021 was ¥404,292,389.62, a decrease of 8.98% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2021 was ¥39,929,701.49, down 44.47% year-on-year[5]. - The basic earnings per share for Q3 2021 was ¥0.24, a decline of 45.45% compared to the previous year[6]. - The net profit attributable to shareholders for the year-to-date period was ¥113,326,943.53, down 33.91% year-on-year[5]. - Net profit for the third quarter of 2021 was ¥113,326,943.53, down from ¥171,469,898.14 in the same quarter of 2020, reflecting a decrease of approximately 33.9%[22]. - Total comprehensive income for the third quarter of 2021 was CNY 113,326,943.53, compared to CNY 171,469,898.14 in the same period of 2020, representing a decrease of approximately 33.9%[23]. - Basic and diluted earnings per share for the third quarter were CNY 0.69, down from CNY 1.04 in the previous year, indicating a decline of 33.7%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥87,067,531.24, reflecting a decrease of 51.14%[6]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 1,087,811,287.00, an increase of 9.5% compared to CNY 993,075,639.68 in the same period of 2020[26]. - Net cash flow from operating activities decreased to CNY 87,067,531.24 in 2021 from CNY 178,185,011.77 in 2020, a decline of 51.2%[26]. - Cash inflow from investment activities was CNY 345,353,987.16, down 30.3% from CNY 495,044,555.48 in the previous year[26]. - Net cash flow from investment activities was negative CNY 142,682,857.26, compared to a positive CNY 85,453,905.70 in the same period of 2020[26]. - Cash flow from financing activities resulted in a net outflow of CNY 158,185,570.00, compared to a net outflow of CNY 82,124,000.00 in the previous year[27]. - The ending balance of cash and cash equivalents decreased to CNY 391,591,152.12 from CNY 576,744,372.41 at the end of the previous year, a decline of 32.2%[27]. - The company received CNY 22,687,986.01 in tax refunds, an increase of 91.9% compared to CNY 11,870,269.17 in the previous year[26]. - The company paid CNY 160,490,937.67 in employee compensation, which increased from CNY 137,008,922.84 in the previous year, reflecting a rise of 17.1%[26]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,613,191,196.69, an increase of 1.08% from the end of the previous year[6]. - The company's total assets as of the end of the third quarter of 2021 amounted to ¥1,613,191,196.69, slightly up from ¥1,595,907,051.24 at the end of 2020[20]. - Total liabilities increased to ¥382,791,598.77 in the third quarter of 2021, compared to ¥334,336,378.51 in the same period of 2020, marking an increase of about 14.5%[19]. - The company's cash and cash equivalents decreased from ¥1,252,648,220.49 in the previous year to ¥1,116,246,581.21 in the third quarter of 2021, a decline of approximately 10.9%[19]. - The total equity attributable to shareholders of the parent company was ¥1,230,399,597.92, down from ¥1,261,570,672.73 in the same period of 2020, reflecting a decrease of about 2.5%[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 8,825[12]. - The top five shareholders, all natural persons, each hold 21,089,600 shares, representing 12.53% of total shares[12]. - The company has disclosed that the top ten shareholders are acting in concert, indicating potential influence over corporate decisions[13]. Operational Challenges - The company experienced a significant increase in raw material prices, which exceeded the increase in product prices, impacting profitability negatively[10]. - The company recorded a credit impairment loss of ¥6,715,508.24 in the third quarter of 2021, compared to a loss of ¥6,529,146.02 in the same quarter of 2020, indicating a slight increase in impairment losses[22]. Research and Development - Research and development expenses for the first three quarters of 2021 were ¥42,927,047.77, up from ¥36,131,906.77 in the same period of 2020, indicating an increase of about 18.3%[21]. Litigation - The company has ongoing litigation regarding intellectual property disputes with Grundfos Management A/S, with the latest ruling maintaining the invalidation of the disputed patent[16]. - The company has not reported any new litigation or arbitration matters as of the end of the reporting period[16].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥671,488,804.42, representing a 15.17% increase compared to ¥583,056,224.75 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 26.28% to ¥73,397,242.04 from ¥99,565,527.88 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥68,752,715.78, down 26.14% from ¥93,080,144.73 in the same period last year[20]. - Basic earnings per share for the first half of 2021 were ¥0.45, down 26.23% from ¥0.61 in the same period last year[21]. - The weighted average return on net assets decreased to 5.78% from 8.47% in the previous year, a decline of 2.69 percentage points[21]. - The company reported a decrease in net profit of 12.91% when excluding the impact of stock incentive expenses of ¥13,317,500, which were not present in the previous year[22]. - The company reported a total profit of ¥82,085,540.80, down 28.3% from ¥114,509,272.52 in the first half of 2020[114]. - The company experienced a credit impairment loss of -¥3,511,324.43, an improvement from -¥5,845,119.52 in the same period of 2020[114]. Cash Flow and Assets - The net cash flow from operating activities increased by 3.50% to ¥61,443,340.30 compared to ¥59,365,134.80 in the previous year[20]. - Cash and cash equivalents decreased by 24.05% to ¥468,005,161.61, mainly due to increased cash dividends and rising inventory[50]. - Inventory increased by 24.80% to ¥289,309,198.62, driven by higher raw material and finished goods stock[50]. - The company's accounts receivable balance at the end of the reporting period was ¥236,531,973.78, representing a 5.24% increase compared to the same period last year, accounting for 15.59% of total assets[55]. - The total assets at the end of the reporting period were ¥1,517,280,398.34, a decrease of 4.93% from ¥1,595,907,051.24 at the end of the previous year[20]. - Cash inflow from investment activities was CNY 294,309,890.38, down 10.5% from CNY 342,876,011.15 in the previous year[122]. - The ending cash and cash equivalents balance was CNY 461,863,719.40, compared to CNY 403,825,388.67 at the end of the first half of 2020, reflecting a year-over-year increase of 14.4%[122]. Market and Product Development - The company operates in the pump industry, focusing on civil water pumps and shielded pumps, with a market value of approximately 45 billion in the Taizhou Wenling region, housing around 2,600 similar enterprises[30]. - The company is a leading player in the domestic shielded pump market, with a focus on energy-efficient pump technology, which is currently in demand in the EU and North America[32]. - The company’s product lines are expanding into full-house living scenarios, targeting markets such as heating, cooling, and water circulation systems[31]. - The company anticipates a significant market expansion opportunity in the household shielded pump sector, driven by carbon neutrality goals and technological upgrades[31]. - The company is actively involved in the research and development of next-generation energy-efficient pumps, aiming to lead in domestic and global markets[32]. - The company has maintained its core business focus without major changes during the reporting period, ensuring stability in operations[27]. Competition and Risks - The company faces risks related to raw material price fluctuations, which could increase production costs and negatively impact gross margins if prices continue to rise[54]. - The company has established a risk control system for accounts receivable, but there remains a risk of bad debts if customers are unable to pay[54]. - The company has a strong competitive position in the domestic shielding pump industry, but increased competition could threaten profitability if innovation does not continue[55]. - The management structure may become more complex as the company expands its business scale, which could pose management risks if not properly addressed[55]. Environmental Responsibility - The company does not belong to the key pollutant discharge units as per environmental protection department announcements[67]. - The company has implemented a wastewater treatment system that meets standards after pre-treatment, with industrial wastewater combined for further processing[68]. - Air pollutants generated mainly consist of process waste gases, with multiple purification facilities installed to ensure compliance[68]. - The company has established an emergency response plan for environmental incidents, which is regularly practiced to ensure effectiveness[69]. - Online monitoring facilities are used to track wastewater and air emissions, with third-party inspections conducted quarterly[69]. Shareholder Information - The company had a total of 8,395 ordinary shareholders as of the end of the reporting period[94]. - The top ten shareholders hold a total of 168,000,000 shares, representing 100% of the company's shares[96]. - The largest shareholder, Han Yuan Zai, holds 21,089,600 shares, accounting for 12.58% of the total shares[96]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[63]. Legal Matters - The ongoing litigation with Grundfos Management A/S involves a patent infringement case, with a ruling requiring the subsidiary Hefei Xinhui to cease infringing activities and pay damages of RMB 1 million[82]. - The Beijing Intellectual Property Court overturned a previous ruling against the company, returning litigation costs of RMB 13,800 to Grundfos[83]. - The company is currently involved in an appeal process regarding the invalidation of a patent by the National Intellectual Property Administration[83]. - The company faces a claim for RMB 3 million in damages related to another patent infringement case involving its subsidiary Hefei Xinhui[83]. - The company has been actively participating in court proceedings regarding multiple patent disputes, indicating ongoing legal challenges[83]. Strategic Initiatives - The company plans to expand its shielding pump production capacity and has established a new subsidiary to implement this project, aiming for an annual output of 8 million units[56]. - The company plans to implement a new marketing strategy with a budget of $20 million to increase brand awareness and customer engagement[76]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[76]. - Market expansion plans include entering three new international markets by the end of the fiscal year, which is expected to contribute an additional $300 million in revenue[76].