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].

2021 年第一季度报告 公司代码：603800 公司简称：道森股份 2.1 主要财务数据 苏州道森钻采设备股份有限公司 2021 年第一季度报告 2021 年 4 月 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 4 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2021 年第一季度报告 一、 重要提示 3 / 19 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人舒志高、主管会计工作负责人邹利明及会计机构负责人（会计主管人员）沈宏保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 2021 年第一季度报告 二、 公司基本情况 5 / 19 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年 | | | --- | --- | --- | --- | --- | | | | | 度末增减(%) | | ...

Financial Performance - Net profit attributable to shareholders decreased by 114.18% to a loss of CNY 15,016,292.21 for the first nine months[6] - Operating revenue for the first nine months fell by 40.97% to CNY 569,792,248.29 compared to the same period last year[6] - Operating revenue for Q3 2020 decreased by 40.97% to ¥569,792,248.29 compared to ¥965,293,542.93 in Q3 2019 due to reduced orders[11] - Net profit for Q3 2020 was a loss of ¥15,343,445.01, a decline of 114.52% from a profit of ¥105,697,199.68 in Q3 2019, primarily due to increased R&D and financial expenses[11] - The net profit for Q3 2020 was -16,176,875.11 CNY, compared to a profit of 30,210,967.27 CNY in the same period of 2019[32] - Total revenue for Q3 2020 was approximately ¥125.16 million, a decrease compared to ¥291.06 million in Q3 2019, representing a decline of 57.0%[31] - The overall comprehensive income for Q3 2020 was -16,176,875.11 CNY, reflecting a decline compared to the previous year's comprehensive income of 30,210,967.27 CNY[32] Cash Flow - Cash flow from operating activities showed a negative change of 340.96%, resulting in a net outflow of CNY 40,952,642.23[6] - Cash flow from operating activities for Q3 2020 was negative at ¥40,952,642.23, a decrease of 340.96% compared to positive cash flow of ¥16,995,823.66 in Q3 2019[11] - Cash flow from operating activities for the first nine months of 2020 was -40,952,642.23 CNY, a decrease from 16,995,823.66 CNY in the first nine months of 2019[33] - The company’s cash outflows for operating activities totaled CNY 510,639,115.57, a decrease of 28.9% from CNY 717,646,344.90 in the previous year[37] Assets and Liabilities - Total assets decreased by 9.03% to CNY 1,594,640,627.24 compared to the end of the previous year[6] - Total assets as of September 30, 2020, were ¥1,594,640,627.24, down from ¥1,752,999,867.98 at the end of 2019[17] - The company's total assets as of September 30, 2020, amounted to CNY 1,436,238,823.78, down from CNY 1,614,943,972.11 at the end of 2019[22] - Total liabilities decreased to CNY 558,655,030.54 from CNY 638,788,630.90, representing a reduction of approximately 12.5%[22] - Total liabilities were reported at $638,788,630.90, while total equity stood at $976,155,341.21[45] Inventory and Investments - Inventory increased by 39.21% to CNY 400,231,008.81 due to reduced consumption of raw materials[10] - The company’s inventory increased to ¥400,231,008.81 from ¥287,506,757.15 at the end of 2019, indicating potential overstocking issues[16] - Long-term equity investments rose to CNY 500,501,423.18 from CNY 470,196,616.18, indicating an increase of approximately 6.4%[21] - The company reported a long-term equity investment of $470,196,616.18, indicating a strong investment position[44] Shareholder Information - The number of shareholders reached 15,561, with the largest shareholder holding 39.15% of the shares[8] - The company’s equity attributable to shareholders was CNY 1,011,344,953.20, indicating stability in shareholder value[41] Other Income and Expenses - Non-operating income for the first nine months totaled CNY 13,289,983.79, primarily from government subsidies and investment income[7] - Financial expenses increased by 554.08% to ¥13,514,397.42 in Q3 2020, attributed to increased exchange loss due to currency fluctuations[11] - The company reported R&D expenses of CNY 8,108,013.54 for Q3 2020, down from CNY 10,808,105.16 in Q3 2019, a decrease of about 25%[26] - The company incurred credit impairment losses of approximately ¥2.04 million in Q3 2020, compared to ¥6.51 million in the previous year[31] Cash and Cash Equivalents - The company’s cash and cash equivalents decreased to ¥415,707,173.35 from ¥442,031,407.24 at the end of 2019[16] - Cash and cash equivalents were CNY 312,574,427.64 as of September 30, 2020, compared to CNY 323,041,350.38 at the end of 2019, showing a slight decrease[20] - Cash and cash equivalents at the end of Q3 2020 totaled CNY 289,687,867.94, down from CNY 302,012,800.14 at the beginning of the quarter, reflecting a net decrease of CNY 12,324,932.20[37]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 358,365,981.51, a decrease of 43.11% compared to CNY 629,973,613.35 in the same period last year[20]. - The net profit attributable to shareholders was CNY 502,894.94, down 99.25% from CNY 67,113,619.43 in the previous year[20]. - Basic earnings per share dropped to CNY 0.0024, a decline of 99.26% compared to CNY 0.3227 in the same period last year[21]. - The company reported a comprehensive income total of CNY 1,723,623.37 for the first half of 2020, compared to CNY 68,196,493.90 in the previous year[101]. - The company reported a total profit for the first half of 2020 of ¥21,614,114.43, down 54.9% from ¥47,809,581.18 in the same period last year[104]. Cash Flow and Investments - The net cash flow from operating activities was -CNY 4,637,290.59, showing an improvement from -CNY 13,974,689.95 in the same period last year[20]. - The company reported a significant increase in investment cash inflow, totaling ¥427,608,690.23, compared to ¥67,649,902.16 in the first half of 2019[107]. - The cash flow from financing activities was negative at -¥164,874,479.31, compared to a positive cash flow of ¥106,842,979.80 in the first half of 2019[108]. - The net cash flow from investment activities was RMB 69,863,127.73, a turnaround from a negative RMB 2,072,838.07 in the previous year[110]. Assets and Liabilities - The total assets decreased by 9.20% to CNY 1,591,746,589.52 from CNY 1,752,999,867.98 at the end of the previous year[20]. - Total current assets decreased to CNY 1,195,331,931.19 as of June 30, 2020, down from CNY 1,365,815,829.35 at the end of 2019, representing a decline of approximately 12.5%[91]. - Total liabilities decreased to CNY 684,620,131.24 from CNY 743,597,033.07, a decrease of approximately 7.9%[93]. - The company's total liabilities decreased from RMB 1,011,344,953.20 at the end of 2019 to RMB 1,009,402,834.91 by the end of June 2020[114]. Research and Development - Research and development expenses increased by 28.25% to ¥19.13 million in the first half of 2020, compared to ¥14.91 million in the same period of 2019[41]. - The company emphasizes continuous investment in research and development to enhance its product offerings and maintain its competitive position in the market[32]. - The company successfully delivered a large-diameter high-pressure floating hard-seal ball valve for domestic hydrogenation projects, contributing to import substitution efforts[36]. Market and Industry Context - In the first half of 2020, international oil prices experienced significant volatility, dropping below $20 per barrel in April and gradually rising to around $40 per barrel by June[28]. - The number of active drilling rigs in North America decreased from approximately 1,000 at the beginning of the year to below 300 by June 2020, indicating a downturn in the oil service industry[28]. - Domestic crude oil imports reached approximately 269 million tons in the first half of 2020, a year-on-year increase of 9.9%, highlighting China's high dependence on foreign energy[29]. Environmental and Compliance - The company has established pollution prevention facilities and conducts regular maintenance to ensure compliance with environmental standards[73]. - Wastewater from the factory is collected and reused, with no industrial wastewater discharge, and domestic wastewater is treated to meet standards before being released[70]. - The company has received ISO14000 certification and undergoes regular environmental assessments by local government agencies[78]. - The company has established an emergency response plan for environmental incidents, categorizing potential hazards and defining response procedures to prevent issues[75]. Shareholder and Governance - The company committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, with a lock-up period ending on December 10, 2018[62]. - The company will publicly disclose any share sales exceeding 1% of total shares within one month, adhering to the rules of the stock exchange[62]. - The company has appointed Lixin Certified Public Accountants as the auditing firm for the 2020 fiscal year, approved by the 2019 annual shareholders' meeting[67]. - There are no significant lawsuits or arbitration matters reported during the reporting period[67]. Risks and Challenges - The company faces risks from the COVID-19 pandemic, which may significantly impact global economic development and energy demand[53]. - The company is exposed to risks from reduced oil and gas demand and decreased capital expenditures due to geopolitical tensions and economic slowdowns[54]. - Rising raw material and labor costs pose a risk to the company's operational efficiency, as raw materials constitute a significant portion of production costs[57].

Financial Performance - Operating revenue for the current period was CNY 91,044,309.07, representing a decline of 63.43% year-on-year[5] - Net profit attributable to shareholders was CNY 1,143,551.06, down 93.53% from the previous year[5] - Basic and diluted earnings per share were CNY 0.0055, a decrease of 93.52% compared to CNY 0.0849 in the previous year[5] - Operating profit fell by 80.27% to ¥4,569,868.60, reflecting reduced revenue[12] - The company reported a net profit of CNY 4,569,868.60 for Q1 2020, down from CNY 23,165,790.36 in Q1 2019, reflecting a decline of 80.3%[24] - The company's operating revenue for Q1 2020 was CNY 95,924,917.24, a decrease of 57.4% compared to CNY 224,827,735.92 in Q1 2019[28] - The total comprehensive income for Q1 2020 was CNY 20,477,482.23, up from CNY 6,461,667.40 in Q1 2019, reflecting a growth of 216.5%[29] Cash Flow - Cash flow from operating activities was CNY 5,865,928.92, a significant improvement of 115.74% compared to a cash outflow of CNY 37,267,062.30 in the same period last year[5] - Net cash flow from operating activities improved by 115.74% to ¥5,865,928.92, driven by increased cash receipts from sales[12] - The company reported a net cash flow from operating activities of CNY 5,865,928.92, a turnaround from a negative cash flow of CNY -37,267,062.30 in Q1 2019[31] - The cash inflow from operating activities totaled CNY 221,020,082.34, down from CNY 319,559,494.34 in Q1 2019, a decline of 30.8%[31] - The company incurred total cash outflows from operating activities of 214,481,058.91 RMB, compared to 324,615,634.28 RMB in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,745,007,974.42, a decrease of 0.45% compared to the end of the previous year[5] - Total assets decreased slightly to ¥1,745,007,974.42 from ¥1,752,999,867.98[16] - Total liabilities decreased to CNY 609,658,405.74 from CNY 638,788,630.90 at the end of 2019, reflecting a reduction of 4.9%[22] - Shareholders' equity increased to CNY 996,632,823.44 from CNY 976,155,341.21, representing a growth of 2.6%[22] - Deferred income tax liabilities decreased to CNY 95,374.22 from CNY 247,866.17, a reduction of 61.5%[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,050[9] - The largest shareholder, Jiangsu Dawson Investment Co., Ltd., held 39.15% of the shares, with 81,432,000 shares pledged[9] Government Support and Other Income - The company received government subsidies amounting to CNY 2,703,167.09, which are closely related to its normal business operations[7] - Non-recurring gains and losses totaled CNY 3,008,953.91 for the current period[7] - The company achieved an investment income of CNY 21,116,295.91 in Q1 2020, a substantial increase from CNY 2,878,325.45 in the previous year[28] Inventory and Receivables - Accounts receivable decreased by 36.10% to ¥182,955,932.13, indicating improved cash collection[11] - Prepayments increased by 70.62% to ¥34,990,375.70 due to more ongoing projects[11] - Other receivables rose by 111.58% to ¥7,454,051.15, attributed to increased petty cash[11] - Inventory increased to CNY 159,841,189.89 from CNY 135,333,852.72, marking an increase of 18.1%[20] Financial Ratios - The weighted average return on equity decreased to 0.11%, down 1.63 percentage points from 1.74% in the previous year[5]

Financial Performance - In 2019, the company's operating revenue reached CNY 1,309,783,443.65, representing a year-on-year increase of 12.01% compared to CNY 1,169,304,871.02 in 2018[22] - The net profit attributable to shareholders of the listed company for 2019 was CNY 112,281,968.26, an increase of 26.06% from CNY 89,068,127.17 in 2018[22] - The net profit after deducting non-recurring gains and losses was CNY 106,162,245.76, up 44.02% from CNY 73,715,070.95 in 2018[22] - The net cash flow from operating activities for 2019 was CNY 194,014,310.21, a significant increase of 124.25% compared to CNY 86,516,413.82 in 2018[22] - The basic earnings per share for 2019 were CNY 0.5398, representing a 26.06% increase from CNY 0.4282 in 2018[23] - The weighted average return on equity increased to 11.14% in 2019, up by 1.95 percentage points from 9.19% in 2018[23] - The company's total revenue for 2019 was 102,967.30 million, with a gross margin of 27.66%, an increase of 2.69 percentage points compared to the previous year[46] - The net profit for 2019 reached CNY 108,799,859.06, representing a growth of about 24.8% from CNY 87,124,047.03 in the previous year[187] - The total profit for 2019 was CNY 135,856,564.01, which is an increase of approximately 30.8% from CNY 103,819,727.06 in 2018[187] Cash Flow and Liquidity - Cash and cash equivalents increased by 103.40% to 442,031,407.24 CNY, driven by increased receivables and the maturity of certain financial products[58] - The company's cash and cash equivalents rose to RMB 442,031,407.24 in 2019, compared to RMB 217,317,357.56 in 2018, indicating a significant increase of about 103.6%[177] - The net increase in cash and cash equivalents for the year was ¥187,943,952.93, contrasting with a decrease of ¥104,679,307.42 in 2018, highlighting improved liquidity[198] - The company reported a significant increase in revenue, reaching RMB 880 million for the year, representing a growth of 15% year-over-year[94] Research and Development - Research and development expenses increased by 31.69% compared to the previous year, amounting to 54.2 million RMB[44] - Research and development expenses increased to CNY 54,196,615.46 in 2019 from CNY 41,154,916.13 in 2018, highlighting the company's commitment to innovation[186] - The company has a performance-based salary system for its management team, combining basic salary and performance bonuses[151] Market and Business Expansion - The company primarily engages in the R&D, production, and sales of oil and gas drilling equipment, including wellhead devices and control equipment[31] - The company has expanded its business model to include equipment leasing and supporting services, which has seen steady growth in 2019[34] - The company is expanding its market presence, particularly in domestic oil and gas exploration, driven by government policies[39] - The company has established a strong international presence with sales platforms in Houston and Singapore, leveraging its early market entry advantages[37] Dividend Policy - The company plans to distribute a cash dividend of CNY 5.00 per 10 shares, totaling CNY 10,400,000, subject to shareholder approval[5] - The cash dividend distribution policy states that the company plans to distribute no less than 20% of the annual distributable profit as cash dividends if the company is profitable and has positive undistributed profits[84] - The company has established a three-year dividend return plan following its listing, which has been approved by shareholders[84] Risks and Challenges - The company acknowledges the risk of reduced oil and gas demand due to global economic slowdowns and the ongoing COVID-19 pandemic, which may impact its business growth[78] - The oil service industry is expected to face challenges in 2020 due to uncertainties from the global economy, geopolitical factors, and the impact of the COVID-19 pandemic[75] - The company is facing risks from rising raw material costs, particularly special steel, which has increased nearly 100% since its 2016 low, potentially affecting profitability[80] Corporate Governance - The company has implemented a governance structure that complies with relevant laws and regulations, ensuring fair decision-making processes[154] - The board includes independent directors with significant academic and professional backgrounds, contributing to governance[139] - The company has maintained good integrity status, with no overdue debts or penalties from regulatory bodies during the reporting period[98] Social Responsibility and Compliance - The company actively participated in social responsibility activities, donating a total of 50,000 to local charities and 12.96 million to support employees in need[111] - The company has established a comprehensive safety production management system and has received the OHSA18000 certification, indicating no major safety incidents since its establishment[120] - The company has obtained ISO14000 certification, ensuring compliance with environmental management standards[120]

2019 年第三季度报告 公司代码：603800 公司简称：道森股份 苏州道森钻采设备股份有限公司 2019 年第三季度报告 1 / 24 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2019 年第三季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 李树林 | 董事 | 因公出差 | 邹利明 | 二、 公司基本情况 2.1 主要财务数据 3 / 24 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 1,655,404,497.12 1,588,631,686.95 4.20 归属于上市公司股东 的净资产 1,009,090,122.97 1,004,621,649.10 0.44 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金 ...

Financial Performance - The company's operating revenue for the first half of 2019 was approximately CNY 629.97 million, representing a 30.34% increase compared to CNY 483.33 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2019 was approximately CNY 67.11 million, a significant increase of 194.94% from CNY 22.76 million in the previous year[21]. - The basic earnings per share for the first half of 2019 was CNY 0.3227, which is a 194.97% increase compared to CNY 0.1094 in the same period last year[20]. - The weighted average return on equity increased to 6.46% from 2.41%, an increase of 4.05 percentage points year-on-year[20]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching approximately CNY 60.19 million, up 333.78% from CNY 13.88 million in the previous year[21]. - The company reported strong sales performance in the domestic oil service equipment sector, driven by high industry demand and a stable exchange rate[35]. - Net profit increased by nearly 195% year-on-year, with R&D investment rising by 35%[37]. - The total comprehensive income for the first half of 2019 was ¥68,196,493.90, significantly higher than ¥22,346,901.24 in the previous year[92]. - Operating profit for the first half of 2019 was ¥81,828,464.29, compared to ¥26,598,566.62 in the first half of 2018, reflecting a significant growth[91]. Cash Flow and Assets - The net cash flow from operating activities for the first half of 2019 was negative CNY 13.97 million, a decrease of 182.42% compared to a positive CNY 16.96 million in the same period last year[21]. - The company's cash and cash equivalents increased by 51.12% to RMB 328.41 million, up from RMB 217.32 million in the previous period[43]. - Cash flow from operating activities showed a net outflow of ¥13,974,689.95, contrasting with a net inflow of ¥16,956,301.71 in the same period last year[98]. - Cash flow from investing activities yielded a net inflow of ¥27,618,482.27, compared to a net outflow of ¥16,921,760.72 in the first half of 2018[99]. - The company has increased its fixed asset investment, with cash flow from investment activities showing a net inflow of RMB 27.62 million, a turnaround from a net outflow of RMB 16.92 million last year[40]. - The total assets at the end of the reporting period were approximately CNY 1.75 billion, an increase of 10.34% from CNY 1.59 billion at the end of the previous year[21]. - The company's cash and cash equivalents as of June 30, 2019, amount to ¥328,414,904.69, an increase from ¥217,317,357.56 at the end of 2018[83]. - Total current assets reached ¥1,364,900,099.00, compared to ¥1,216,349,769.49 at the end of 2018[83]. Investments and Subsidiaries - The company has established subsidiaries in Houston and Singapore, and is building facilities in Saudi Arabia and Vietnam to enhance its international market reach[32]. - The company has expanded its overseas presence with several wholly-owned and holding subsidiaries, leveraging its geographical advantages for market expansion[36]. - The company operates in the oil drilling equipment manufacturing industry and has subsidiaries including Suzhou Baoye Forging Co., Ltd. and Douson Control Product, Inc[118]. Risks and Challenges - The company faced various risks including industry, market, and tax risks, which were detailed in the report[6]. - The company faces risks from the US-China trade war and geopolitical tensions affecting global oil demand growth, with WTI crude oil prices fluctuating between USD 45-65 per barrel[54]. - The company has faced challenges from rising raw material costs and trade disputes, but continues to supply high-quality products to both domestic and international clients[35]. - Approximately 70% of the company's product sales are overseas, making it susceptible to exchange rate fluctuations, particularly against the USD[54]. Research and Development - The company focuses on technological innovation to improve product quality and maintain competitive pricing, which has helped it secure a robust order backlog[35]. - The company has a strong R&D team supported by nearly 20 years of experience and has been investing in technology upgrades and new product development[36]. - Research and development expenses for the first half of 2019 were ¥14,913,706.63, compared to ¥10,995,039.78 in the previous year, indicating a 35.3% increase[91]. Shareholder and Regulatory Commitments - The company did not distribute dividends or increase capital reserves for the first half of 2019[5]. - The company committed to not transferring or entrusting the management of its shares for 36 months post-IPO, with a maximum annual reduction of 5% of total shares held after the lock-up period[59]. - The company will ensure timely and accurate information disclosure in accordance with stock exchange rules[59]. - The company has retained the auditing firm Lixin Certified Public Accountants for the 2019 audit, as approved by the 2018 annual general meeting[63]. - The company has established a commitment to maintain transparency and adhere to regulatory requirements regarding share management and repurchase[60]. Accounting Policies and Compliance - The company’s financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and accuracy in financial reporting[123]. - The company has not made any changes to its accounting policies or estimates compared to the previous accounting period[69]. - The company recognizes revenue from the sale of goods when the main risks and rewards of ownership have been transferred to the buyer, and the amount can be reliably measured[191].