Financial Performance - Operating revenue for the period was CNY 398,291,462.83, representing a year-on-year increase of 27.31%[5] - Net profit attributable to shareholders of the listed company was CNY 42,190,506.39, an increase of 18.89% compared to the same period last year[5] - Basic earnings per share increased by 14.29% to CNY 0.16[5] - Total operating revenue for Q1 2021 was CNY 398,291,462.83, an increase of 27.2% compared to CNY 312,852,940.47 in Q1 2020[31] - Net profit for Q1 2021 reached CNY 42,190,506.39, representing a 19.2% increase from CNY 35,486,856.76 in Q1 2020[32] - Total comprehensive income for Q1 2021 was CNY 42,190,506.39, up from CNY 35,486,856.76 in Q1 2020[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,839,196,581.26, a decrease of 1.02% compared to the end of the previous year[5] - Current liabilities totaled CNY 753,587,710.00, down from CNY 833,995,909.29, indicating a reduction of about 9.6%[22] - Non-current liabilities decreased to CNY 72,971,494.57 from CNY 74,361,039.82, a decline of approximately 1.9%[23] - The total liabilities decreased to CNY 826,559,204.57 from CNY 908,356,949.11, a reduction of about 9.0%[23] - The total current assets were reported at CNY 1,909,650,574.34, down from CNY 2,093,143,684.60, indicating a decrease of about 8.8%[26] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 2.68% to CNY 2,012,637,376.69[5] - The total number of shareholders at the end of the reporting period was 17,130[10] - The largest shareholder, Shandong Donghong Group Co., Ltd., held 50.83% of the shares[10] - Shareholders' equity increased to CNY 2,012,637,376.69 from CNY 1,960,076,797.17, representing a growth of about 2.9%[23] Cash Flow - The net cash flow from operating activities was negative CNY 133,686,833.61, a decline of 568.54% year-on-year[5] - The net cash flow from operating activities was -¥133.69 million in Q1 2021, worsening from -¥19.99 million in Q1 2020[37] - Total cash outflow from operating activities increased to ¥580.91 million in Q1 2021, up from ¥452.75 million in Q1 2020[37] - Cash inflow from financing activities increased to ¥155.25 million in Q1 2021, up from ¥75 million in Q1 2020[40] - The net cash flow from financing activities was ¥78.16 million in Q1 2021, compared to ¥57.76 million in Q1 2020[40] Investments and Expenses - Research and development expenses surged by 105.61% to ¥7,955,299.96, indicating a significant increase in R&D investment[14] - Sales expenses rose by 30.78% to ¥15,277,726.93, mainly due to increased compensation costs[14] - The company reported a net loss from investment income of ¥-2,780,157.34, a decline of 829.05% due to losses from joint ventures[14] - Investment loss for Q1 2021 was CNY -2,780,157.34, compared to a gain of CNY 381,338.85 in Q1 2020[31] Cash and Equivalents - Cash and cash equivalents decreased by 70.56% to ¥93,613,104.49 due to increased payments for materials and investments[13] - The total cash and cash equivalents at the end of Q1 2021 was ¥79.08 million, a decrease from ¥242.31 million at the end of Q1 2020[40] - Cash and cash equivalents were reported at CNY 87,072,596.77, down from CNY 306,979,992.95, a significant decrease of approximately 71.6%[25] Future Plans - The company plans to continue expanding its market presence and investing in new technologies and products[34]

Financial Performance - The company's operating revenue for 2020 was RMB 2,392,540,785.30, representing a 30.13% increase compared to RMB 1,838,571,924.10 in 2019[19]. - The net profit attributable to shareholders for 2020 was RMB 318,503,980.14, a 58.15% increase from RMB 201,391,193.02 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was RMB 307,237,045.04, reflecting a 69.01% increase compared to RMB 181,789,129.54 in 2019[19]. - The company's total assets as of the end of 2020 were RMB 2,868,433,746.28, a 37.37% increase from RMB 2,088,068,538.98 at the end of 2019[21]. - The net assets attributable to shareholders at the end of 2020 were RMB 1,960,076,797.17, up 15.02% from RMB 1,704,162,800.31 in 2019[21]. - The basic earnings per share for 2020 were RMB 1.24, a 56.96% increase from RMB 0.79 in 2019[22]. - The weighted average return on equity for 2020 was 17.42%, an increase of 4.98 percentage points from 12.44% in 2019[22]. - The net cash flow from operating activities was RMB -27,096,247.47, a decrease of 126.63% compared to RMB 101,754,691.22 in 2019[19]. Revenue Breakdown - In 2020, the company's total operating revenue was approximately 2.39 billion RMB, with quarterly revenues of 312.85 million RMB, 729.06 million RMB, 564.51 million RMB, and 786.12 million RMB respectively[27]. - The net profit attributable to shareholders for the year was approximately 318.50 million RMB, with quarterly profits of 35.49 million RMB, 100.27 million RMB, 74.12 million RMB, and 108.63 million RMB respectively[27]. - The company reported a net cash flow from operating activities of 95.41 million RMB in Q4 2020, recovering from negative cash flows in the first three quarters[27]. Innovation and Product Development - The company successfully launched new PVC series products, providing high-quality, long-lasting, and corrosion-resistant pipes for municipal water supply projects[41]. - The company expanded its production capacity for polyethylene composite pipes, achieving a daily output of 700 tons[41]. - The company received 36 patent authorizations and has 38 patents pending, totaling 90 patents by the end of 2020[43]. - The company emphasized innovation, receiving 236 innovation proposals, with over 150 adopted, significantly contributing to its operational efficiency[44]. - The company focused on R&D innovations, achieving breakthroughs in composite pipeline technology for high-pressure applications[48]. Market Position and Strategy - The company is positioned as a leading manufacturer and service provider in the pipeline system industry, focusing on digitalization and smart technology[34]. - The company aims to leverage opportunities from national infrastructure initiatives, including new urbanization and major engineering projects[36]. - The company’s procurement and production strategies are aligned with customer orders, emphasizing a sales-driven production model[35]. - The company is committed to becoming a trusted provider of safe pipeline systems, enhancing its market position through innovation and comprehensive service offerings[34]. - The company is focusing on expanding its market share in the plastic pipe sector, particularly in urban and rural water supply projects[78]. Operational Efficiency - The gross profit margin for the main business was 30.47%, a decrease of 0.82% due to raw material price fluctuations[62]. - The revenue from the plastic-coated pipe products increased by 55.82%, contributing significantly to overall sales[61]. - The company optimized production capacity, enhancing efficiency and reducing costs through new high-speed production lines[49]. - The production volume of the main product in the manufacturing sector was 170,440.51 tons, an increase of 38.74% compared to the previous year, while sales volume increased by 27.36% to 155,938.38 tons[63]. Financial Management and Investments - The company has engaged in various financial management activities, including a total of CNY 80,000,000 in structured deposits and CNY 10,000,000 in fixed income investments[150]. - The company has received a total expected return of CNY 284,219.18 from a structured deposit with a 3.80% annual yield[152]. - The company has also received CNY 518,219.18 from another structured deposit with a 3.90% annual yield[152]. - The company plans to issue convertible bonds to raise funds for a new production project with an annual capacity of 128,000 tons of new anti-corrosion steel pipes and 64,000 tons of high-performance composite plastic pipes[110]. Corporate Governance and Shareholder Relations - The company has a three-year shareholder return plan approved in 2020, aiming to improve transparency and protect investors' rights[121]. - The company has maintained a stable profit distribution policy, ensuring continuous cash dividends to investors[158]. - The company has implemented a governance structure comprising a shareholders' meeting, board of directors, supervisory board, and management, ensuring effective checks and balances[158]. - The company has committed to linking executive compensation to the execution of compensation measures[129]. Legal and Compliance Issues - The company has ongoing litigation involving a total amount of 138.07 million and 218.2356 million, with unresolved execution as of December 31, 2020[136][138]. - The company has received a court ruling requiring payment of 158.2374 million, which has been fully executed as of December 31, 2020[138]. - The company has initiated multiple lawsuits for contract disputes, with amounts ranging from 118.0026 million to 325.611625 million, with varying execution statuses[138]. - The company has faced challenges in enforcing court judgments, with several cases still pending execution as of December 31, 2020[138]. Social Responsibility and Environmental Commitment - The company emphasizes its commitment to environmental protection and safety regulations, ensuring no wastewater or waste gas emissions to the community[157]. - The company has upgraded its environmental protection facilities, achieving ultra-low emissions after improving its waste treatment processes, with pre-treatment emissions at 60 mg/m³[165]. - The company actively engages in social responsibility initiatives, contributing to education, health, and environmental efforts to support national poverty alleviation goals[157]. - The company organized a charity donation activity, raising 30,000 yuan to support frontline workers during the COVID-19 pandemic and donated 9,200 masks to severely affected areas[164]. Employee Development and Training - The company has established a scientific and fair compensation mechanism, including basic salary, performance salary, and other incentives[198]. - The company has a training system in place to conduct employee education and training based on safety production and operational management needs[199]. - The company organized 62 company-level training sessions during the reporting period[200]. - Over 12,000 participants attended the training sessions, enhancing employee competencies[200]. Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period was 17,225, down from 18,788 at the end of the previous month[177]. - Shandong Donghong Group Co., Ltd. holds 51.16% of the shares, with a total of 131,170,653 shares, having decreased by 1,032,100 shares during the reporting period[179]. - The second-largest shareholder, Ni Liying, holds 12.2% of the shares, totaling 31,281,250 shares, with no change during the reporting period[179]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder alone holding over half[179].

Financial Performance - Net profit attributable to shareholders rose by 45.77% to CNY 209,871,446.46 for the first nine months of the year[5] - Operating revenue for the first nine months reached CNY 1,606,420,311.74, reflecting a growth of 23.60% year-on-year[5] - Basic earnings per share improved by 46.43% to CNY 0.82[5] - The net profit for the third quarter of 2020 was RMB 209,871,446.46, representing a 45.77% increase compared to RMB 143,978,381.36 in the same period last year[15] - Total revenue for the period reached RMB 1,487,473,906.12, which is a 43.07% increase from RMB 1,039,681,573.91 year-on-year[15] - The total profit for the quarter was RMB 246,342,709.38, marking a 48.01% increase from RMB 166,438,795.99 in the previous year[15] - The company reported a total profit of ¥86,388,917.51 for Q3 2020, compared to ¥55,818,790.62 in Q3 2019, indicating a growth of 54.8%[27] - The net profit for the first three quarters of 2020 was ¥177.02 million, up 28% from ¥138.41 million in the same period of 2019[32] Assets and Liabilities - Total assets increased by 26.27% to CNY 2,636,547,953.01 compared to the end of the previous year[5] - Total liabilities increased to CNY 783,027,006.11 from CNY 383,906,262.97, reflecting a growth of about 104.5%[20] - Total assets amounted to CNY 2,088,068,538.98, with non-current assets at CNY 491,298,440.63[41] - Total liabilities reached CNY 383,906,262.97, with current liabilities totaling CNY 304,028,708.86[42] - Current assets totaled CNY 1,556,978,153.41, including cash and cash equivalents of CNY 252,213,816.91[45] Cash Flow - Net cash flow from operating activities decreased by 118.18% to -CNY 122,509,628.63 for the first nine months[5] - The company reported a net cash outflow from operating activities of ¥122.51 million in the first three quarters of 2020, worsening from a net outflow of ¥56.15 million in 2019[34] - The net cash flow from operating activities for Q3 2020 was -CNY 131,611,955.82, compared to -CNY 57,066,383.34 in Q3 2019, indicating a worsening performance year-over-year[38] - The total cash inflow from operating activities for the first three quarters of 2020 was ¥1.67 billion, a significant increase from ¥1.12 billion in 2019[34] Shareholder Information - The total number of shareholders reached 16,974 by the end of the reporting period[10] - The largest shareholder, Shandong Donghong Group Co., Ltd., holds 51.16% of the shares[10] Operational Costs and Expenses - Total operating costs for Q3 2020 were ¥471,231,943.78, up 19.9% from ¥393,252,194.83 in Q3 2019[26] - The company's total operating costs for the first three quarters of 2020 were ¥779.40 million, an increase from ¥738.46 million in the same period of 2019[31] - The financial expenses for the first three quarters of 2020 were ¥2.89 million, significantly higher than ¥0.64 million in the same period of 2019, primarily due to increased interest expenses[31] Inventory and Receivables - Accounts receivable increased by 31.21% to RMB 976,163,552.59 from RMB 743,965,418.42, attributed to growth in sales revenue[14] - Inventory rose by 73.41% to RMB 475,533,431.43 from RMB 274,222,308.66, due to an increase in dispatched goods[14] - Other receivables saw a significant increase of 714.61%, reaching RMB 146,888,088.11, primarily due to an increase in business deposits[14] Research and Development - Research and development expenses for Q3 2020 were ¥15,037,660.35, a 57.5% increase from ¥9,553,805.51 in Q3 2019[26] - Research and development expenses increased to ¥35.92 million in the first three quarters of 2020, compared to ¥31.53 million in the same period of 2019, reflecting a growth of 14.8%[31] Other Financial Metrics - The weighted average return on equity increased by 2.78 percentage points to 11.78%[5] - The company reported a non-operating income of CNY 1,628,128.21 for the first nine months[8] - The company reported a 100% decrease in cash paid for investment activities, primarily due to acquisition expenditures in the previous period[16] - The company has not disclosed any new product developments or market expansion strategies in this report[4]

证券代码：603856 证券简称：东宏股份 公告编号：2020-039 山东东宏管业股份有限公司 关于参加山东辖区上市公司 2020 年度投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为加强与投资者之间的沟通交流，构建和谐稳定的投资者关系，山东东宏管 业股份有限公司（以下简称"公司"）将参加由山东证监局、山东上市公司协会 与深圳市全景网络有限公司联合举办的"山东辖区上市公司 2020 年度投资者网 上集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与公司 此次投资者集体接待日活动。网上互动交流时间为 2020 年 9 月 29 日（星期二） 下午 15:00-16:55。 届时公司董事会秘书、证券事务代表寻金龙先生将采用网络远程方式，与投 资者就公司治理、发展战略、经营状况、可持续发展等问题进行沟通。 欢迎广大投资者积极参与。 特此公告。 山东东宏 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,041,909,173.37, representing a 22.21% increase compared to CNY 852,528,805.30 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was CNY 135,753,561.79, a 41.02% increase from CNY 96,268,168.80 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 132,705,663.66, up 47.25% from CNY 90,123,522.03 in the same period last year[20]. - The basic earnings per share for the first half of 2020 were CNY 0.53, a 39.47% increase from CNY 0.38 in the same period last year[21]. - The diluted earnings per share for the first half of 2020 were also CNY 0.53, reflecting the same growth rate of 39.47% compared to the previous year[21]. - The weighted average return on net assets increased to 7.70%, up 1.59 percentage points from 6.11% in the previous year[21]. - The company reported a comprehensive gross profit margin increase of 2.26% due to lower prices of major raw materials[22]. - Operating costs increased to ¥744,134,348.69, reflecting an 18.47% rise due to higher sales volume[41]. - The company achieved operating revenue of ¥1,041,909,173.37, representing a year-on-year growth of 22.21%[34]. - Net profit attributable to shareholders reached ¥135,753,561.79, an increase of 41.02% compared to the previous year[34]. Cash Flow and Assets - The company's net cash flow from operating activities was -CNY 52,964,413.00, a decrease of 63.42% compared to -CNY 32,410,088.99 in the previous year[20]. - The total assets at the end of the reporting period were CNY 2,351,484,753.77, an increase of 12.62% from CNY 2,088,068,538.98 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,779,404,503.64, a 4.42% increase from CNY 1,704,162,800.31 at the end of the previous year[20]. - The company reported a significant increase in cash flow from financing activities, amounting to ¥75,830,648.95, a 584.06% increase compared to the previous year[41]. - The company reported a total of 129,154,350 shares held by Shandong Donghong Group, with a lock-up period of 36 months starting from the public offering date[85]. - The total current assets as of June 30, 2020, amounted to CNY 1,853,224,266.99, an increase from CNY 1,596,770,098.35 at the end of 2019, reflecting a growth of approximately 16.06%[91]. - Cash and cash equivalents reached CNY 286,795,937.62, compared to CNY 258,711,642.21 at the end of 2019, indicating an increase of about 10.85%[91]. - Accounts receivable increased to CNY 945,590,811.71 from CNY 743,965,418.42, representing a growth of approximately 27.12%[91]. - Inventory levels rose to CNY 383,834,149.74, up from CNY 274,222,308.66, marking an increase of around 40.00%[91]. Market Position and Strategy - The company is the largest steel-plastic composite pipeline manufacturing base globally, focusing on digitalization and intelligent solutions in pipeline engineering[27]. - The demand for plastic pipelines has been steadily increasing, particularly in urban water supply and drainage network construction, driven by national policies related to new infrastructure and major construction projects[28]. - The company aims to enhance its market share and industry position by accelerating capacity release to meet the rapidly growing market demand[29]. - The company has established a diversified marketing strategy, focusing on water supply markets while also targeting industrial and gas markets[31]. - The company has a comprehensive product range, being the only enterprise in China covering plastic, composite, and anti-corrosion metal pipelines[31]. - The company has received multiple certifications and awards, enhancing its brand reputation in the industry[30]. - The company is actively participating in major engineering projects, including urban water supply integration projects[31]. - The company has transformed into a "three-in-one" model of "pipeline manufacturer + pipeline engineering service provider + pipeline engineering general contractor" to enhance overall efficiency[32]. Legal and Compliance Issues - The company has ongoing litigation involving a contract dispute with a total amount of RMB 138.07 million, which remains unresolved as of June 30, 2020[59]. - Another ongoing litigation involves a contract dispute with a total amount of RMB 218.2356 million, which also remains unresolved as of June 30, 2020[59]. - The company has pending court cases with various parties, including a judgment for 1,529,888 CNY in unpaid goods and penalties[61]. - The company has faced multiple disputes regarding contract payments, with amounts ranging from 8,165 CNY to 3,253,790.65 CNY[61]. - The company is involved in litigation with various entities, reflecting potential risks in its receivables management[61]. - The company has reported a total of 1,217,644.8 CNY in claims against it, with some judgments still pending execution[61]. - The company has faced delays in receiving payments, impacting its cash flow and financial stability[61]. - The company continues to pursue legal remedies to recover outstanding amounts, indicating a proactive approach to debt collection[61]. Research and Development - Research and development breakthroughs include the development of anti-corrosion materials for steel-plastic composite pipelines and the authorization of patents for innovative connection devices, solidifying the company's leading position in the industry[32]. - The company has established a key laboratory for new materials in collaboration with Shandong Academy of Sciences to accelerate technological innovation[32]. - The company successfully installed its first PVC-UH production line and completed trials for DN160 pipe, expanding its product range[36]. - Research and development expenses for the first half of 2020 were ¥20,882,878.70, slightly down from ¥21,975,259.95 in the same period of 2019[100]. Environmental and Social Responsibility - The company has not been classified as a key pollutant discharge unit and has implemented effective environmental management practices, achieving ISO 14001 certification in 2019[75]. - The company is committed to using advanced technology to minimize environmental pollution risks in its operations[75]. - The company has not experienced any significant environmental protection issues or administrative penalties during the reporting period[75]. Corporate Governance - The company has retained the auditing firm for the fiscal year 2020, ensuring compliance with financial reporting standards[58]. - The company has not reported any changes in controlling shareholders or actual controllers during the reporting period[88]. - There are no significant changes in the board of directors or senior management during the reporting period[89]. - The financial statements are prepared based on the going concern principle, indicating no significant doubts about the company's ability to continue operations[133]. - The company adheres to the enterprise accounting standards, ensuring that financial reports accurately reflect its financial position and operating results[135].

记录表编号：2020-006 证券代码：603856 证券简称：东宏股份 山东东宏管业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------------|------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | ■特定对象调研 | □分析师会议 | | 投资者关系 | □媒 ...

记录表编号：2020-005 证券代码：603856 证券简称：东宏股份 山东东宏管业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|-----------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | ■特定对象调研 | □分析师会议 | | 投资者关系 | □媒体采访 | □业绩说明会 | | 活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 □其他 | | | ...

记录表编号：2020-004 证券代码：603856 证券简称：东宏股份 山东东宏管业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

记录表编号：2020-003 证券代码：603856 证券简称：东宏股份 山东东宏管业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|---------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关 ...

记录表编号：2020-002 证券代码：603856 证券简称：东宏股份 山东东宏管业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...