苏州道森钻采设备股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 证券代码：603800 证券简称：道森股份 公告编号：2023-035 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： ● 会议召开时间：2023年5月17日(星期三)上午09:00-10:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： 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10日(星期三)至05月16日(星期二)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 Dongban@douson.cn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。 苏州道森钻采设备股份有限公司（以下简称"公司"）已于2023年4月26日发 布公司《2022年年度报告》，同时于2023年4月24日召开了公司第五届董事会第十 五次会议和第五届监事会第十三次会议审议通过了 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥746,738,067.13, representing a year-on-year increase of 167.67%[5] - The net profit attributable to shareholders for the same period was ¥49,929,924.30, with a year-to-date net profit of ¥63,222,951.17[5] - The company reported a 270.90% increase in net profit attributable to shareholders year-to-date, primarily due to the acquisition of Hongtian Technology Co., Ltd. and improved operational performance[10] - The company’s total revenue year-to-date increased by 94.12%, driven by the acquisition and better sales performance[10] - Net profit for the third quarter of 2022 was ¥88,256,462.03, a turnaround from a net loss of ¥51,641,778.23 in the same quarter of 2021[21] - Earnings per share for the third quarter of 2022 were ¥0.3040, compared to a loss per share of ¥0.2432 in the same quarter of 2021[22] - The company reported a total comprehensive income of ¥82,562,204.85 for the third quarter of 2022, compared to a loss of ¥52,198,288.78 in the same quarter of 2021[22] Cash Flow and Investments - The cash flow from operating activities for the quarter was ¥244,357,673.95, showing significant improvement compared to previous periods[6] - Cash flow from operating activities for the first three quarters of 2022 was ¥1,056,205,990.61, compared to ¥604,454,089.69 in the same period of 2021, indicating an increase of about 75%[23] - The net cash inflow from operating activities was CNY 47,655,677.37, compared to a net outflow of CNY 120,082,681.95 in the previous year[24] - The total cash inflow from investment activities was CNY 211,142,401.62, while cash outflow was CNY 322,651,044.57, resulting in a net cash outflow of CNY 111,508,642.95[25] - Cash inflow from financing activities amounted to CNY 498,000,000.00, with cash outflow totaling CNY 289,918,943.58, leading to a net cash inflow of CNY 208,081,056.42[25] - The total cash and cash equivalents at the end of the period reached CNY 382,447,473.19, an increase of CNY 162,398,385.75 from the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,744,859,533.17, an increase of 108.59% compared to the end of the previous year[6] - As of September 30, 2022, total assets reached CNY 3,744,859,533.17, a significant increase from CNY 1,795,300,496.21 at the end of 2021, reflecting a growth of approximately 108.5%[15] - Current assets amounted to CNY 2,963,303,229.10, up from CNY 1,403,783,315.03, indicating a growth of about 111.5% year-over-year[16] - Total liabilities reached CNY 2,652,097,599.79, up from CNY 911,466,099.32, reflecting an increase of approximately 191.5%[17] - The company has a total equity of CNY 1,092,761,933.38, which is a substantial increase from the previous year[17] Shareholder Information - The number of shares held by the largest shareholder, Keyun New Materials Co., Ltd., is 58,240,000, representing 28.00% of total shares[13] - The company has no pledged shares among its top shareholders, except for Shenzhen Huashenghui Industrial Co., Ltd., which has pledged 24,960,000 shares[13] Research and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[15] - Research and development expenses for the first three quarters of 2022 amounted to ¥36,867,088.62, up from ¥26,550,940.56 in the same period of 2021, reflecting a growth of approximately 39%[19] Operational Costs - Total operating costs for the first three quarters of 2022 were ¥1,332,919,218.62, compared to ¥789,224,297.57 in 2021, indicating an increase of about 69%[19] Government Subsidies and Other Income - The company recognized government subsidies amounting to ¥2,673,547.91 during the quarter, contributing positively to its financial results[8] - The company received CNY 34,237,049.64 in tax refunds, up from CNY 24,008,489.66 in the previous year[24] - The cash inflow from investment income was CNY 36,085,149.56, significantly higher than CNY 5,849,477.10 in the previous year[24] Inventory and Accounts Receivable - Inventory levels surged to CNY 1,101,287,824.29, compared to CNY 430,058,847.43 in the previous year, representing an increase of approximately 156.5%[16] - Accounts receivable increased to CNY 676,828,841.12 from CNY 511,188,358.70, marking a rise of about 32.4%[16] Credit and Foreign Exchange - The company recorded a decrease in credit impairment losses, amounting to -¥13,870,428.94 in the third quarter of 2022, compared to -¥7,343,056.21 in the same quarter of 2021[21] - The company experienced a foreign exchange gain of CNY 18,170,294.91, contrasting with a loss of CNY 1,324,213.39 in the previous year[25]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 713.18 million, representing a 50.75% increase compared to CNY 473.09 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was CNY 13.29 million, a significant recovery from a loss of CNY 39.96 million in the previous year, marking a 133.26% increase[21]. - The basic earnings per share for the first half of 2022 was CNY 0.0639, compared to a loss of CNY 0.1921 in the same period last year, reflecting a 133.26% improvement[21]. - The company achieved a 50% year-on-year increase in operating revenue, successfully turning a profit in the first half of 2022[39]. - The company reported a total comprehensive income of ¥15,231,858.57, recovering from a loss of ¥40,141,180.14 in the first half of 2021[108]. Assets and Liabilities - The total assets of the company increased by 85.32% to CNY 3.33 billion at the end of the reporting period, up from CNY 1.80 billion at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were CNY 885.06 million, a slight increase of 1.89% from CNY 868.64 million at the end of the previous year[21]. - The company’s total liabilities increased, with short-term borrowings at ¥362,762,916.69, a 31.96% rise from ¥274,907,004.01[44]. - The total liabilities were CNY 2,314,753,224.82, compared to CNY 911,466,099.32 previously[101]. - The total equity attributable to shareholders was CNY 885,056,534.67, slightly up from CNY 868,641,741.79[101]. Cash Flow - The net cash flow from operating activities for the first half of 2022 was negative CNY 196.70 million, worsening from negative CNY 94.39 million in the same period last year, indicating a decline of 108.4%[21]. - The company reported cash inflow from financing activities of CNY 230,000,000.00, up from CNY 180,654,150.00 in the first half of 2021[114]. - The net cash flow from investment activities was ¥298,754,362.48, a significant improvement from -¥25,784,236.99 in the previous year[41]. Market and Industry - The international WTI crude oil price increased from $76 per barrel at the beginning of the year to $106 per barrel by the end of June, indicating a recovery in the oil and gas equipment industry[30]. - The number of active drilling rigs in the U.S. increased by 23.49% from 481 to 594 during the same period, although still at historically low levels[30]. - Domestic crude oil imports decreased by 3.1% year-on-year to approximately 253 million tons, highlighting the increasing dependency on foreign oil and gas[31]. Research and Development - The company emphasizes continuous R&D investment to create opportunities and develop proprietary intellectual property[30]. - The company has a robust R&D team with seven specialized technical directions, enhancing its independent research capabilities[33]. - The company has developed a 3-meter diameter, 1.82-meter wide cathode roll for lithium battery copper foil production, capable of producing ultra-thin 3.5um products[34]. Acquisitions and Expansion - The company successfully acquired a controlling stake in Hongtian Technology, expanding into the high-end equipment manufacturing for electrolytic copper foil[26]. - The acquisition of Hongtian Technology has enabled the company to enter the high-end equipment manufacturing sector for new energy[36]. - The market for electrolytic copper foil equipment is rapidly growing, driven by the demand from the lithium battery industry, with Hongtian Technology positioned as a leader in this sector[28]. Environmental Compliance - The company has established pollution prevention facilities and regularly maintains them to ensure compliance with environmental standards, demonstrating its proactive approach to environmental management[73]. - The company has received ISO 45001 certification for occupational health and safety management, indicating a strong commitment to workplace safety and risk management[77]. - There were no reported administrative penalties due to environmental issues during the reporting period, suggesting effective compliance with environmental regulations[77]. Corporate Governance - The company underwent a significant change in its board and management personnel, with multiple directors and supervisors being elected or resigning, including the appointment of Liu Anlai as the new General Manager and CFO[67]. - The financial report was approved by the board of directors on August 29, 2022, ensuring governance compliance[132]. - The company has committed to not transferring more than 25% of its shares during the tenure of its directors and senior management, and for six months after leaving office[80]. Risk Management - The company emphasizes the potential risks associated with forward-looking statements regarding future plans and strategies, urging investors to be cautious[7]. - The company faces risks from market fluctuations, including reduced energy demand due to geopolitical tensions and the impact of the COVID-19 pandemic on global economic growth[59]. - The company is exposed to exchange rate risks, particularly with the high proportion of foreign trade and potential impacts on financial performance from rapid RMB appreciation[60].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 713.18 million, representing a 50.75% increase compared to RMB 473.09 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was approximately RMB 13.29 million, a significant recovery from a loss of RMB 39.96 million in the same period last year, marking a 133.26% increase[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 11.49 million, compared to a loss of RMB 45.25 million in the same period last year, reflecting a 125.40% increase[21]. - The weighted average return on net assets increased to 1.52%, up by 6.02 percentage points from -4.50% in the same period last year[21]. - The company achieved a 50% year-on-year increase in operating revenue, successfully turning a profit in the first half of 2022[39]. - The company reported a significant increase in total assets, with cash and cash equivalents at ¥553,799,794.98, up 94.61% from ¥284,566,306.77[44]. - The company reported a total comprehensive income of ¥15,231,858.57, recovering from a total loss of ¥40,141,180.14 in the first half of 2021[108]. - The company reported a basic and diluted earnings per share of ¥0.0639, compared to a loss per share of ¥0.1921 in the first half of 2021[108]. Assets and Liabilities - Total assets at the end of the reporting period reached approximately RMB 3.31 billion, an increase of 84.23% compared to RMB 1.80 billion at the end of the previous year[21]. - The company's net assets attributable to shareholders increased to approximately RMB 885.06 million, a 1.89% increase from RMB 868.64 million at the end of the previous year[21]. - The company's inventory increased by 131.42% to ¥995,220,776.59 from ¥430,058,847.43, reflecting the expansion of operations[44]. - Total liabilities increased, with short-term borrowings rising by 31.96% to ¥362,762,916.69 from ¥274,907,004.01[44]. - The total liabilities increased from CNY 911,466,099.32 to CNY 2,309,406,374.48, showing a trend of increasing leverage[101]. Cash Flow - The net cash flow from operating activities was negative at approximately RMB -196.70 million, worsening from RMB -94.39 million in the same period last year, indicating a decline of 108.4%[21]. - Operating cash inflow for the first half of 2022 was CNY 696,564,536.14, a 69.8% increase from CNY 410,173,678.43 in the first half of 2021[113]. - The company’s cash flow from operating activities showed a negative trend, with a net cash flow of CNY -196,701,996.60 compared to CNY -94,385,332.58 in the previous year[114]. - The company reported a significant increase in sales revenue, with cash received from sales reaching CNY 665,070,278.86, up from CNY 388,368,666.39 in the previous year[113]. Market and Product Development - The company successfully acquired control of Hongtian Technology Co., Ltd., expanding into the high-end equipment manufacturing for electrolytic copper foil[26]. - The company aims to provide specialized oil drilling equipment solutions by integrating demand analysis, customized R&D, and complete supply systems[31]. - The company is focusing on expanding its market presence both domestically and internationally, leveraging its strong brand and service reputation[30]. - The company plans to focus on lithium battery copper foil and electronic circuit copper foil equipment, aiming for strategic transformation towards new energy intelligent equipment manufacturing[40]. - The company’s products include high-end lithium battery copper foil with a thickness of 3.5um and 9um for 5G high-frequency circuits, filling industry gaps[34]. Risks and Challenges - The company highlighted potential risks in its management discussion and analysis section, urging investors to be cautious[8]. - The company faces risks from market fluctuations, including reduced energy demand due to geopolitical tensions and the impact of the COVID-19 pandemic on global economic growth[59]. - The company is exposed to foreign exchange risks, particularly due to its high foreign trade ratio and the potential impact of RMB appreciation on its financial performance[60]. - The company’s operational challenges include rising raw material and labor costs, currency fluctuations, and intensified market competition[39]. Environmental and Compliance - The company has established pollution prevention facilities and regularly maintains them to ensure compliance with environmental standards, demonstrating its proactive approach to environmental management[73]. - The company has received ISO 45001 certification for occupational health and safety management, indicating a strong commitment to workplace safety[77]. - The company has also obtained ISO 14001 certification for its environmental management system, reflecting its dedication to sustainable practices[77]. - There were no reported administrative penalties due to environmental issues during the reporting period, suggesting effective compliance with environmental regulations[77]. Corporate Governance - The company underwent a significant change in its board and management, with multiple directors and supervisors being elected or resigning, including the appointment of Liu Anlai as the new General Manager and CFO[67]. - The company has not disclosed any employee stock ownership plans or other incentive measures, indicating a potential area for future development[70]. - The company has committed to minimizing related party transactions and ensuring fairness in pricing[81]. - The company’s financial reports are approved by the board of directors, ensuring governance and oversight in financial reporting[132].

Financial Performance - The company's operating revenue for Q1 2022 was ¥291,795,109.30, representing a year-on-year increase of 68.41%[5] - The net profit attributable to shareholders was a loss of ¥20,878,730.35, a decrease of 24.34% compared to the same period last year[5] - Basic earnings per share were -¥0.1004, down 24.34% from the previous year[6] - The company reported a gross profit margin of approximately -4.8% in Q1 2022, compared to a gross profit margin of approximately -10.5% in Q1 2021[14] - The company recorded a total comprehensive loss of CNY 32,127,672.50 in Q1 2022, compared to a loss of CNY 38,004,134.95 in Q1 2021, indicating a 15.5% reduction in losses[15] Cash Flow - The net cash flow from operating activities was a negative ¥103,593,034.74, reflecting a year-on-year increase of 23.22% in cash outflow[5] - Cash flow from operating activities for Q1 2022 was a net outflow of CNY 103,593,034.74, worsening from a net outflow of CNY 84,072,695.02 in Q1 2021[17] - The net cash flow from financing activities was $82,923,923.26, a decrease from $126,533,704.56, suggesting a reduction in financing activities[19] - The cash and cash equivalents at the end of the period amounted to $232,980,680.61, down from $300,022,628.63, indicating a decrease of about 22.4%[19] - The cash and cash equivalents increased by $12,927,986.12 during the period, compared to an increase of $72,090,633.92 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,935,090,590.39, an increase of 7.79% from the end of the previous year[6] - Total current assets as of March 31, 2022, amount to ¥1,548,538,462.05, an increase from ¥1,403,783,315.03 as of December 31, 2021[12] - Total liabilities as of March 31, 2022, are ¥1,073,678,295.38, compared to ¥911,466,099.32 in the previous year[13] - The company's total assets reached ¥1,935,090,590.39, an increase from ¥1,795,300,496.21[12] - The company's equity attributable to shareholders is ¥846,721,201.60, down from ¥868,641,741.79[13] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,736[9] - Jiangsu Dawson Investment Co., Ltd. holds 39.15% of shares, totaling 81,432,000 shares, with 40,000,000 shares pledged[9] - The company has a total of 54,288,000 shares held by Baoye Machinery Company, representing 26.10% of shares[9] Expenses - The company reported a significant increase in sales expenses by 78.89% due to an increase in sales personnel and bonuses[7] - Research and development expenses decreased by 39.88% as some projects had not yet officially commenced[7] - The company experienced a 307.29% increase in financial expenses, primarily due to increased borrowing interest expenses[7] - Other income increased by 128.10% due to a rise in government subsidies received[7] - Research and development expenses decreased to CNY 6,629,531.02 in Q1 2022 from CNY 11,028,058.03 in Q1 2021, a reduction of 39.8%[14] Investment Activities - Cash inflow from investment activities in Q1 2022 was CNY 46,406,365.11, down from CNY 137,726,290.44 in Q1 2021[17] - The net cash flow from investing activities was $37,676,119.47, an increase from $28,977,059.92 in the previous period, indicating a positive trend in investment returns[19] Accounting Practices - The company did not apply the new accounting standards starting from 2022, indicating a continuation of previous accounting practices[19]

Financial Performance - The company's total revenue for 2021 was approximately CNY 1.175 billion, representing a 38.58% increase compared to CNY 847.68 million in 2020[21]. - The net profit attributable to shareholders of the listed company was negative CNY 35.60 million, a decrease of 920.15% from a profit of CNY 4.34 million in 2020[21]. - The net cash flow from operating activities was negative CNY 122.74 million, a decline of 277.92% compared to negative CNY 32.48 million in 2020[21]. - The total assets at the end of 2021 were approximately CNY 1.795 billion, an increase of 13.78% from CNY 1.578 billion at the end of 2020[21]. - The net assets attributable to shareholders of the listed company decreased by 4.29% to CNY 868.64 million at the end of 2021 from CNY 907.60 million at the end of 2020[21]. - The basic earnings per share for 2021 was negative CNY 0.17, a decrease of 950% from CNY 0.02 in 2020[22]. - The weighted average return on net assets was negative 4.01%, a decrease of 4.46 percentage points from 0.45% in 2020[22]. - The company achieved operating revenue of 1.175 billion RMB, a year-on-year increase of 38.58%[46]. - Net profit attributable to shareholders decreased to -34.04 million RMB, a decline of 884.22%[46]. - Operating costs rose to 1.031 billion RMB, reflecting a 46.73% increase due to rising raw material prices[47]. Research and Development - The company achieved a total of 159 patents by the end of 2021, including 12 invention patents, enhancing its competitive edge in the market[34]. - The company has focused on R&D investment, introducing new products such as cyclone desander and high-pressure ball valves, which have been recognized by domestic customers[34]. - Research and development expenses increased by 15.56% to 36.38 million RMB, driven by higher personnel costs[47]. - Research and development expenses totaled 36,379,351.91 yuan, representing 3.10% of total revenue[57]. - The number of R&D personnel is 147, making up 13.44% of the total workforce[58]. Market and Sales - The company is adapting to market demands by implementing various sales models, including direct sales and cooperative R&D sales, to enhance its market presence[35]. - The company’s domestic sales revenue reached 871.87 million RMB, a 59.10% increase year-on-year, while foreign sales were 271.73 million RMB, a 3.32% increase[50]. - The production volume of wellhead devices increased by 24.99%, while sales volume rose by 22.05%[51]. - The company has seen a significant increase in order intake compared to last year, but faced substantial losses due to rising raw material and labor costs, currency fluctuations, and intensified market competition[37]. Strategic Initiatives - The company is actively exploring new industries and markets, achieving initial success in the wind power and construction machinery sectors, with increasing product and service offerings[36]. - The company anticipates a recovery in the oil and gas market in 2022, driven by increased vaccination rates and a need to replenish oil inventories[33]. - The company established a production base in Vietnam, which has officially commenced operations, aiming to enhance its international presence and cater to the Southeast Asian market[36]. - The company acquired a controlling stake in Jiangsu Longsheng Drilling Machinery Co., Ltd., gaining proprietary multi-directional forging technology and capacity, strengthening its foothold in the forging market[36]. - The company has established a strategic alliance in the domestic oil engineering market, leveraging its advantages in engineering construction and drilling qualifications[75]. Governance and Compliance - The company held 1 annual general meeting and 4 extraordinary general meetings during the reporting period, ensuring compliance with legal requirements and allowing shareholders to exercise their voting rights[85]. - The board of directors consists of 9 members, including 3 independent directors, and held 7 meetings during the reporting period, ensuring effective governance[86]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws and regulations[87]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, and operations, with no interference in decision-making[88]. - The company has established specialized committees, including an Audit Committee and a Strategic Committee, to enhance governance[101]. Environmental and Social Responsibility - The company has been recognized as a key pollutant discharge unit by the Suzhou Environmental Protection Bureau, with monitoring and compliance measures in place[121]. - Wastewater from the factory is recycled and treated, with no industrial wastewater discharge reported[121]. - The company has obtained ISO 45001 certification, ensuring compliance with safety production standards[129]. - The company has implemented energy-saving measures, including the elimination of outdated equipment and exploration of solar energy utilization, aiming for minimal energy consumption and maximum efficiency[131]. - The company actively participated in social responsibility initiatives, including a donation of 100,000 yuan for the maintenance of a historical site in Suzhou[133]. Financial Audit and Reporting - The financial audit confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2021[179]. - Key audit matters included revenue recognition, with management's internal controls evaluated for effectiveness[181]. - The company does not have any other significant shareholders with over 10% ownership besides the top ten listed[173]. - The company has not reported any significant accounting errors that would require correction during the reporting period[148]. - The company has implemented the new leasing standards starting January 1, 2021, affecting its financial statements significantly[146].

Financial Performance - The company's operating revenue for Q1 2022 was ¥291,795,109.30, representing a year-on-year increase of 68.41%[5] - The net profit attributable to shareholders was a loss of ¥20,878,730.35, a decrease of 24.34% compared to the same period last year[5] - Basic earnings per share were reported at -¥0.1004, a decline of 24.34% from the previous year[6] - Total operating revenue for Q1 2022 was CNY 291,795,109.30, a 68.3% increase from CNY 173,268,040.91 in Q1 2021[14] - Net profit for Q1 2022 was a loss of CNY 21,279,570.92, compared to a loss of CNY 27,594,165.17 in Q1 2021, representing a 22.9% improvement[15] - Total comprehensive income for Q1 2022 was a loss of CNY 32,127,672.50, compared to a loss of CNY 38,004,134.95 in Q1 2021[15] - The company reported a gross profit margin of approximately -4.8% in Q1 2022, compared to -10.5% in Q1 2021[14] - Basic and diluted earnings per share for Q1 2022 were both CNY -0.1004, an improvement from CNY -0.1327 in Q1 2021[15] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥103,593,034.74, reflecting an increase in outflow by 23.22% year-on-year[5] - Operating cash flow for Q1 2022 was a net outflow of CNY 103,593,034.74, worsening from a net outflow of CNY 84,072,695.02 in Q1 2021[17] - Cash received from sales and services in Q1 2022 was CNY 317,537,307.53, an increase from CNY 165,299,737.61 in Q1 2021[17] - The net cash flow from investing activities was $37,676,119.47, an increase from $28,977,059.92 in the previous period, indicating a growth of approximately 30%[19] - Cash inflow from financing activities totaled $181,000,000.00, compared to $166,077,677.78 previously, reflecting an increase of about 9%[19] - The net cash flow from financing activities was $82,923,923.26, a decrease from $126,533,704.56, showing a decline of approximately 34%[19] - The cash and cash equivalents at the end of the period amounted to $232,980,680.61, down from $300,022,628.63, representing a decrease of about 22%[19] - The total cash and cash equivalents increased by $12,927,986.12 during the period, compared to an increase of $72,090,633.92 in the previous period[19] - The cash outflow for debt repayment was $93,096,430.00, significantly higher than $37,000,000.00 in the previous period, indicating an increase of approximately 152%[19] - The cash paid for dividends and interest was $4,979,646.74, compared to $2,543,973.22 previously, reflecting an increase of about 96%[19] - The impact of exchange rate changes on cash and cash equivalents was a negative $4,079,021.87, contrasting with a positive impact of $652,564.46 in the previous period[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,935,090,590.39, an increase of 7.79% from the end of the previous year[6] - Total current assets as of March 31, 2022, amount to ¥1,548,538,462.05, an increase from ¥1,403,783,315.03 as of December 31, 2021[12] - Cash and cash equivalents increased to ¥369,901,078.48 from ¥284,566,306.77 year-over-year[11] - Inventory as of March 31, 2022, is ¥510,774,748.28, up from ¥430,058,847.43[12] - Total liabilities as of March 31, 2022, are ¥1,073,678,295.38, compared to ¥911,466,099.32 at the end of 2021[13] - The company's total assets reached ¥1,935,090,590.39, an increase from ¥1,795,300,496.21[12] - Short-term borrowings increased to ¥367,000,000.00 from ¥274,907,004.01 year-over-year[13] - The company's retained earnings decreased to ¥108,501,632.89 from ¥129,619,949.35[13] - Non-current assets totaled ¥386,552,128.34, slightly down from ¥391,517,181.18[12] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,736[9] - Jiangsu Dawson Investment Co., Ltd. holds 39.15% of shares, with 81,432,000 shares pledged[9] Research and Development - Research and development expenses decreased by 39.88% due to some projects not yet officially commenced[7] - Research and development expenses for Q1 2022 were CNY 6,629,531.02, down 39.5% from CNY 11,028,058.03 in Q1 2021[14] Financial Expenses - Financial expenses surged by 307.29% primarily due to increased borrowing interest expenses[7] Other Income - Other income increased by 128.10% as a result of higher government subsidies received[7] Reporting and Compliance - The company has not adopted the new accounting standards starting from 2022[19] - The report was released by the board of directors of Suzhou Dawson Drilling Equipment Co., Ltd. on April 30, 2022[19]

2021 年第三季度报告 证券代码：603800 证券简称：道森股份 苏州道森钻采设备股份有限公司 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 | 项目 | 本报告期 | 本报告期 比上年同 期增减变 | 年初至报告期末 | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | 动幅度 | | 同期增减变 动幅度(%) | | | | (%) | | | | 营业收入 | 278,974,425.30 | 31.95 | 752,062,488.53 | 3 ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 473.09 million, representing a year-on-year increase of 32.01% compared to RMB 358.37 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was a loss of approximately RMB 39.96 million, compared to a profit of RMB 0.50 million in the same period last year, marking a decrease of 8,046.95%[20]. - The basic earnings per share for the first half of 2021 was -0.1921 RMB, a significant decline from 0.0024 RMB in the same period last year, reflecting a decrease of 8,104.17%[20]. - The weighted average return on net assets for the first half of 2021 was -4.50%, down 4.55 percentage points from 0.05% in the same period last year[20]. - The company's total assets increased by 16.41% to approximately RMB 1.84 billion at the end of the reporting period, compared to RMB 1.58 billion at the end of the previous year[20]. - The net cash flow from operating activities for the first half of 2021 was a negative RMB 94.39 million, compared to a negative RMB 4.64 million in the same period last year, indicating a significant deterioration in cash flow[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately RMB 865.37 million, a decrease of 4.65% from RMB 907.60 million at the end of the previous year[20]. - The company reported a total non-operating income of 5,284,882.25, with significant contributions from investment gains of 3,107,042.69 and other non-operating income of 316,597.14[22]. Market Position and Strategy - The company specializes in the R&D, production, and sales of oil and gas drilling equipment, including wellhead devices and control equipment, with a focus on customized solutions for various well conditions[25]. - The company has established a strong market presence, with clients including major domestic and international oil companies, and has seen steady growth in its domestic market[26]. - The company employs a "sales-driven production" model, responding to customer orders for customized products, which allows for flexibility in production scheduling[27]. - The global oil demand is gradually increasing, with WTI crude oil prices rising from under $50 to over $70 per barrel, indicating a potential recovery in the oil service industry[29]. - The company has maintained a competitive edge through continuous investment in advanced manufacturing technologies and strict quality control measures, achieving multiple certifications from the American Petroleum Institute[32]. - The company has a strategic advantage with its location in key industrial regions, facilitating access to both domestic and international markets[32]. - The company is committed to R&D investment, utilizing various collaborative models to enhance its technological capabilities and develop proprietary intellectual property[28]. - The company aims to meet diverse customer needs by integrating demand analysis, customized R&D, and effective feedback systems into its service offerings[30]. - The company is positioned to capitalize on industry consolidation opportunities by providing specialized solutions tailored to the evolving demands of the oil and gas sector[31]. Financial Health and Risks - Operating costs increased by 47.95% to ¥422,784,430.18 from ¥285,760,650.04, primarily due to increased transportation costs and raw material procurement[40]. - The company's financial expenses surged by 240.99% to ¥9,595,535.32, attributed to increased exchange rate losses[40]. - The company faces risks from market fluctuations, including geopolitical tensions and trade disputes, which may reduce energy demand and impact profitability in the oil and gas sector[56]. - The company faces significant risks from exchange rate fluctuations, particularly with the high proportion of foreign trade, which can impact operational efficiency due to increased foreign exchange gains or losses if the RMB appreciates rapidly against the USD[57]. - Rising raw material costs, especially for specialty steel, pose a risk to the company's profitability and market competitiveness, with potential long-term impacts if prices remain high[58]. - The company is exposed to international legal and policy risks as it deepens its global strategy, increasing its sales, procurement, and investment activities abroad[59]. - The ongoing COVID-19 pandemic continues to pose a risk to the global economy and the energy sector, potentially affecting the demand for oil and gas drilling equipment[60]. Environmental and Safety Management - The company has been recognized as a key pollutant monitoring unit by the Suzhou Environmental Protection Bureau, with its subsidiary conducting soil and groundwater monitoring to comply with environmental standards[67]. - The company has implemented a comprehensive environmental management system, achieving ISO 14001 certification, and regularly undergoes third-party environmental assessments[75]. - The company has established pollution prevention facilities and maintains compliance with relevant discharge standards, ensuring no industrial wastewater is released[68]. - The company has a robust safety management system in place, with no significant safety hazards or major accidents reported since its establishment[75]. - The company is committed to maintaining its environmental responsibilities and has developed emergency response plans for environmental incidents[72]. Shareholder and Corporate Governance - The company did not distribute dividends or increase capital reserves for the first half of 2021[5]. - The total number of ordinary shareholders at the end of the reporting period was 13,628[91]. - The largest shareholder, Jiangsu Dawson Investment Co., Ltd., held 39.15% of the shares, totaling 81,432,000 shares[93]. - The second-largest shareholder, Baoye Machinery Company, held 26.10% of the shares, totaling 54,288,000 shares[93]. - The company reported no significant litigation or arbitration matters during the reporting period[84]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[83]. - The company did not have any major guarantees during the reporting period[88]. - There were no changes in the company's share capital structure during the reporting period[90]. - The company reported no significant related party transactions during the reporting period[85]. - The company has not received any penalties or corrective actions related to legal violations during the reporting period[84]. Accounting and Financial Reporting - The financial statements were prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[135]. - The company operates in the oil drilling equipment manufacturing industry, focusing on specialized equipment and technology development[130]. - The company has a consolidated financial statement scope that includes multiple subsidiaries, enhancing its operational capacity[131]. - The company recognizes the difference in fair value shares as goodwill; the difference between the acquisition cost and the fair value of identifiable net assets acquired is recorded in the current profit and loss[140]. - The company assesses impairment for long-term assets, including equity investments, fixed assets, and finite-lived intangible assets, if there are indications of impairment[200]. - The recoverable amount is defined as the higher of the asset's fair value less costs to sell and the present value of expected future cash flows[200]. - The company uses a straight-line method for amortizing finite-lived intangible assets over their useful lives, which includes software with a useful life of 5 years[197]. - The company adopts the cost method for long-term equity investments in subsidiaries, recognizing investment income based on declared cash dividends or profits from the invested units[184].

Financial Performance - The company's net profit attributable to shareholders for 2020 was CNY 4,340,861.76, a decrease of 96.13% compared to CNY 112,281,968.26 in 2019[5]. - Total operating revenue for 2020 was CNY 847,683,914.13, down 35.28% from CNY 1,309,783,443.65 in 2019[24]. - The company's cash flow from operating activities showed a net outflow of CNY -32,477,689.72, compared to a positive inflow of CNY 194,014,310.21 in 2019[24]. - The total assets at the end of 2020 were CNY 1,577,864,917.69, a decrease of 9.99% from CNY 1,752,999,867.98 in 2019[24]. - The company's net assets attributable to shareholders decreased by 10.26% to CNY 907,596,482.73 from CNY 1,011,344,953.20 in 2019[24]. - Basic earnings per share for 2020 were CNY 0.0209, down 96.13% from CNY 0.5398 in 2019[25]. - The weighted average return on net assets for 2020 was 0.45%, a decrease of 10.69 percentage points from 11.14% in 2019[25]. - The company reported a significant increase in financial expenses by 799.80% to ¥25,980,213.22 due to foreign exchange losses from RMB appreciation[57]. - The company reported a total profit of ¥12.33 million in 2020, a decrease of 84.8% from ¥81.28 million in 2019[186]. Market Challenges - The company faced significant challenges in 2020 due to the dual impact of the US-China trade dispute and the COVID-19 pandemic, leading to a substantial decline in overseas business[26]. - Global oil demand decreased by 8.8 million barrels per day in 2020, marking the largest decline in history[39]. - The average price of WTI and Brent crude oil in 2020 fell by over 30% compared to 2019[39]. - The number of active drilling rigs in North America dropped from around 900 at the beginning of the year to below 300, ending the year at approximately 430[39]. - The ongoing COVID-19 pandemic poses a significant risk to the global economy and could adversely affect the demand for oil and gas drilling equipment[84]. Research and Development - The company applied for 24 patents in 2020, including 3 invention patents and 13 utility model patents related to drilling equipment[46]. - Total R&D investment accounted for 3.71% of operating revenue, with 162 R&D personnel representing 15.43% of the total workforce[58]. - Research and development expenses for 2020 were ¥31,481,235.86, down 42% from ¥54,196,615.46 in 2019[183]. - The company aims to enhance its market share by expanding its product line and improving service quality, focusing on high-quality products that meet international standards[74]. Cash Flow and Investments - The company experienced a net cash flow from operating activities of ¥5,865,928.92 in Q1 2020, which turned negative in Q2 and Q3, with losses of ¥10,503,219.51 and ¥36,315,351.64, before rebounding to ¥8,474,952.51 in Q4[28]. - Investment activities generated a net cash flow of ¥28,803,193.71, a significant increase of 134.87% from -¥82,600,618.57 in the previous year[50]. - The company has invested a total of ¥275 million in bank wealth management products and ¥230.25 million in brokerage wealth management products, with no overdue amounts reported[104]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.07 per 10 shares, totaling CNY 1,456,000, pending approval at the annual shareholders' meeting[5]. - The cash dividend distribution policy states that at least 20% of the distributable profits will be allocated to shareholders if the company is profitable and has positive undistributed profits[86]. - The company has established a stable profit distribution policy, balancing investor returns with sustainable development[86]. Environmental and Social Responsibility - The company emphasizes the protection of employee rights and benefits, providing various training and support programs[110]. - Yangcheng Lake subsidiary was listed as a key pollutant monitoring unit by Suzhou Environmental Protection Bureau in 2020[112]. - The company has established a comprehensive safety production management system and has obtained OHSAS18000 certification[120]. - The company has engaged in various social responsibility activities, donating a total of 329,239.00 RMB to local charities in 2020[111]. Governance and Management - The company has maintained a stable governance structure with no reported changes in key management personnel[146]. - The board of directors consists of 9 members, including 3 independent directors, and held 6 meetings during the reporting period[152]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, promoting accountability[152]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 336.07 million RMB[140]. Risks and Compliance - The company faces risks from market fluctuations, geopolitical tensions, and the impact of the COVID-19 pandemic on global energy demand[80]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[133]. - The company has not been subject to any penalties from securities regulatory authorities in the past three years[146].