Financial Performance - The company's operating revenue for Q3 2021 reached ¥2,946,712,829.66, representing a year-on-year increase of 54.51%[5] - Net profit attributable to shareholders was ¥84,699,717.85, up 67.74% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥79,190,140.44, reflecting a 69.88% increase year-on-year[5] - Basic earnings per share increased by 134.29% to ¥0.46, while diluted earnings per share rose by 115.94% to ¥0.41[6] - Total operating revenue for the first three quarters of 2021 reached ¥8,011,966,421.47, a significant increase of 93.5% compared to ¥4,140,904,916.26 in the same period of 2020[21] - Net profit for the first three quarters of 2021 was ¥294,913,841.24, compared to ¥125,660,692.94 in 2020, representing an increase of 134%[22] - Basic earnings per share for the first three quarters of 2021 were ¥1.64, up from ¥0.70 in the same period of 2020[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,601,162,488.37, a 16.48% increase from the end of the previous year[6] - Total assets as of the end of Q3 2021 amounted to ¥4,601,162,488.37, an increase from ¥3,950,018,962.84 at the end of Q3 2020[19] - Total liabilities as of the end of Q3 2021 were ¥2,410,813,999.96, compared to ¥1,959,981,148.29 in Q3 2020, indicating a year-over-year increase of 23%[19] - The company's non-current assets totaled ¥796,713,017.48 as of Q3 2021, up from ¥682,172,074.62 in Q3 2020[19] - The equity attributable to shareholders increased by 10.07% to ¥2,190,348,488.41[6] - The company reported a total equity of ¥2,190,348,488.41 as of Q3 2021, an increase from ¥1,990,037,814.55 in Q3 2020, representing a growth of 10%[19] Cash Flow - The cash flow from operating activities showed a negative net amount of ¥453,568,755.47, a decline of 195.52% compared to the previous period[6] - In the first three quarters of 2021, the cash inflow from operating activities was approximately ¥8.15 billion, a significant increase from ¥4.36 billion in the same period of 2020, representing an increase of about 86.5%[25] - The net cash flow from operating activities was negative at approximately -¥453.57 million, compared to a positive cash flow of ¥474.85 million in the first three quarters of 2020[25] - The total cash outflow from operating activities was approximately ¥8.60 billion, compared to ¥3.88 billion in the same period of 2020, indicating an increase of about 121.5%[25] - The total cash and cash equivalents at the end of the period were approximately ¥556.30 million, down from ¥115.82 million at the end of the same period in 2020[26] Operational Highlights - The significant increase in revenue and profit was primarily driven by higher sales volume and copper prices compared to the previous year[10] - The company received government subsidies amounting to ¥3,500,994.48 during the reporting period[10] - Research and development expenses for the first three quarters of 2021 were ¥129,040,733.24, compared to ¥120,563,224.41 in the same period of 2020, reflecting a growth of 7%[22] - Financial expenses decreased to ¥8,757,072.77 in the first three quarters of 2021 from ¥40,815,744.59 in 2020, a reduction of approximately 78%[22] - The company reported a significant increase in cash received from sales, totaling approximately ¥8.09 billion, compared to ¥4.32 billion in the previous year, marking an increase of about 87.5%[25] Market and Strategic Insights - The company has not disclosed any new product developments or market expansion strategies during this reporting period[15] - There are no known related party transactions or agreements among the top shareholders, ensuring transparency in ownership[14] - The company has not provided any specific guidance for future performance or market outlook in this report[15] - The company has not reported any new product launches or significant market expansion strategies in this quarter[27]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥5,065,253,591.81, representing a 126.76% increase compared to ¥2,233,710,275.21 in the same period last year[18]. - The net profit attributable to shareholders was ¥210,214,123.39, a significant increase of 179.66% from ¥75,167,378.36 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥159,635,975.95, up 211.37% from ¥51,268,589.40 year-on-year[18]. - The basic earnings per share increased to ¥1.18, reflecting a growth of 180.95% compared to ¥0.42 in the same period last year[20]. - The weighted average return on net assets rose to 10.06%, an increase of 6.19 percentage points from 3.87% in the previous year[20]. - The company's total assets at the end of the reporting period were ¥4,207,609,169.39, a 6.52% increase from ¥3,950,018,962.84 at the end of the previous year[18]. - The net cash flow from operating activities was negative at -¥412,566,929.87, a decline of 167.10% compared to ¥614,878,572.51 in the same period last year[18]. - The company reported a total profit of 50,578,147.44 from various financial activities, including fair value changes and investment income[21]. Business Operations - The main business of the company is the research, production, and sales of electromagnetic wires, with a product range covering over 1,000 specifications and temperature grades from 130 to 240[23]. - The company maintains a production model based on sales orders, ensuring production is aligned with customer demand and contract agreements[24]. - The company has established a strong customer base, including well-known domestic and international brands, ensuring stable and continuous demand for its products[27]. - The company’s electromagnetic wire production and sales revenue rank among the top in the industry, with a wide market coverage across various downstream sectors[28]. - The company has obtained ISO9001 and IATF16949 quality management certifications, with most products also passing UL safety certification[28]. - The company holds a total of 136 patents, including 3 invention patents, and has established partnerships with renowned research institutions for R&D collaboration[28]. - The company’s products are priced based on the principle of "copper price + processing fee," with pricing determined by market averages[25]. - The company is positioned to benefit from the growing demand for energy-efficient and environmentally friendly products in the context of China's manufacturing upgrades[26]. - The company’s production process is increasingly moving towards automation and intelligence, aiming to reduce labor and energy consumption while improving efficiency[26]. Market and Financial Risks - The company faces market risks due to dependence on industries like home appliances and automotive, which are sensitive to economic fluctuations[42]. - Over 90% of the company's main business costs are attributed to the prices of electrolytic copper and copper rods, making it vulnerable to raw material price volatility[42]. - The company emphasizes the importance of customer creditworthiness due to significant accounts receivable, which could impact cash flow if clients delay payments[43]. - Environmental protection costs may increase as stricter regulations are implemented, posing a risk to operational expenses[44]. - Product quality control is complex due to the variety of wire diameters and insulation types, which could lead to customer dissatisfaction if not managed properly[44]. Shareholder Information - The company plans to distribute a cash dividend of ¥10.00 per 10 shares (including tax) to all shareholders[4]. - The company has committed to not transferring or managing its shares for 36 months post-IPO, ensuring stability in shareholding[67]. - The company plans to stabilize its stock price by repurchasing shares if the stock price falls below the audited net asset value per share for 20 consecutive trading days within three years post-IPO[69]. - The total number of shares increased from 178,403,776 to 178,409,070, with a net increase of 5,294 shares during the reporting period[81]. - The largest shareholder, Zhejiang Changcheng Electric Technology Group Co., Ltd., held 81,745,200 shares, representing 45.82% of total shares[87]. Environmental Management - The company is listed as a key pollutant discharge unit in Zhejiang Province, focusing on air quality management[53]. - The company has implemented advanced pollution control measures, including a secondary catalytic combustion device to ensure emissions meet regulatory standards[55]. - The company has received the "Green Factory" title in 2020, reflecting its commitment to environmental management and compliance with ISO14001:2015 standards[60]. - The company has established an emergency response plan for environmental incidents, which has been filed with the relevant environmental authorities[57]. - The company recycles cooling water and wastewater from production processes, ensuring minimal discharge into the environment[60]. - The company has installed noise reduction measures in its production facilities to comply with national noise emission standards[60]. - The company utilizes advanced waste gas treatment systems to manage volatile organic compounds generated during production[61]. - The company has a solid waste management strategy, with waste copper wire being processed by specialized companies[61]. - The company has implemented measures to reduce carbon emissions, including centralized paint systems and real-time monitoring of emissions, resulting in significant improvements in workplace environment[62]. Research and Development - The company's research and development expenses rose by 34.79% to CNY 81,092,349.04, reflecting a commitment to innovation[33]. - The company has established long-term collaborations with universities and research institutions to develop new products and technologies aimed at reducing energy consumption and carbon emissions[62]. - The company has set up an "Academician Expert Workstation" to enhance its R&D capabilities in new processes and equipment[62]. Financial Position - As of June 30, 2021, the company's total liabilities amounted to CNY 2.025 billion, with a debt-to-asset ratio of 48.13%[103]. - The company's current assets totaled CNY 3.449 billion, an increase from CNY 3.268 billion at the end of 2020[106]. - The company's cash and cash equivalents were CNY 537.36 million, down from CNY 598.92 million at the end of 2020[106]. - The accounts receivable increased to CNY 1.494 billion from CNY 1.034 billion, reflecting a growth of approximately 44.5%[106]. - The company's inventory rose to CNY 1.065 billion, compared to CNY 712.13 million at the end of 2020, indicating a significant increase of about 49.6%[106]. - The company's total equity reached CNY 2.183 billion, up from CNY 1.990 billion at the end of 2020, representing an increase of approximately 9.7%[108]. Compliance and Governance - The company has appointed new independent directors and management personnel, including the appointment of Lu Yongming as the financial officer and board secretary[49]. - The company has no significant legal disputes or regulatory issues reported during the period, ensuring a stable operational environment[75]. - There were no significant related party transactions that could impact financial performance, maintaining transparency and integrity in operations[76]. - The company's financial statements comply with accounting standards, accurately reflecting its financial position and operating results[152].

证券代码：603897 证券简称：长城科技 公告编号：2021-027 债券代码：113528 债券简称：长城转债 转股代码：191528 转股简称：长城转股 浙江长城电工科技股份有限公司 关于召开 2020 年度业绩说明会暨 参加 2021 年浙江辖区上市公司投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议内容：2020 年度业绩说明会暨 2021 年浙江辖区上市公司投资者网上集 体接待日活动 召开时间：2021 年 5 月 13 日下午 15:00-17:00 召开地点：全景网（http://rs.p5w.net） 召开方式：网络平台在线交流 投资者可以在 2020 年 5 月 12 日下午 16:00 前将需要了解的情况和关注问题 预先发送至公司投资者关系信箱(grandwall@yeah.net)，公司将在说明会上 就投资者普遍关注的问题进行回答。 一、 说明会类型 浙江长城电工科技股份有限公司（以下简称"公司"）已经于 2021 年 4 月 2 日 披露了《浙 ...

2021 年第一季度报告 公司代码：603897 公司简称：长城科技 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 20 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 3,929,723,337.09 3,950,018,962.84 -0.51 归属于上市公司股东的 净资产 2,068,207,395.51 1,990,037,814.55 3.93 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的现金流 量净额 -120,324,557.42 323,080,819.48 不适用 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 2,151,232,509.35 921,028,553.86 133.57 归属于上市公司股东的 净利润 78,159,933.73 39,469,275.56 98.03 归属于上市公司股东的 扣除非经常性损益的净 利润 63,634,327.13 24,599,514.43 158.68 加权平均净资产收益率 （%） 3.92 2.04 增加 1.88 个百分点 基 ...

Financial Performance - In 2020, the company achieved a total operating revenue of RMB 6,273,415,580.11, representing a year-on-year increase of 26.19% compared to RMB 4,971,330,414.00 in 2019[21]. - The net profit attributable to shareholders of the listed company for 2020 was RMB 174,219,560.54, an increase of 11.80% from RMB 155,838,116.54 in 2019[21]. - The basic earnings per share for 2020 was RMB 0.98, up 12.64% from RMB 0.87 in 2019[23]. - The company's main operating revenue reached 6,161 million RMB, an increase of 26.04% year-on-year, with a net profit of 174.1 million RMB, up 11.80% from the previous year[39]. - The company reported a total revenue of CNY 3,590,545,520.09 in 2020, compared to CNY 2,891,346,469.82 in 2019, marking an increase of approximately 24.2%[194]. - The company reported a total profit of RMB 208,569,927.52 for 2020, an increase of 13.9% from RMB 182,984,083.25 in 2019[197]. Assets and Liabilities - The company's total assets as of December 31, 2020, reached RMB 3,950,018,962.84, reflecting a 36.29% increase from RMB 2,898,190,371.37 at the end of 2019[22]. - Total liabilities rose to CNY 1,959,981,148.29 in 2020, compared to CNY 978,943,009.81 in 2019, marking an increase of about 100%[190]. - Current liabilities totaled CNY 1,338,751,251.38 in 2020, significantly higher than CNY 411,708,642.65 in 2019, reflecting a growth of approximately 225%[192]. - Owner's equity reached CNY 1,990,037,814.55 in 2020, up from CNY 1,919,247,361.56 in 2019, showing a growth of approximately 3.7%[190]. Cash Flow - The net cash flow from operating activities decreased by 34.52% to RMB 249,374,384.29 in 2020, down from RMB 380,865,193.80 in 2019[21]. - The net cash flow from operating activities for Q3 and Q4 2020 was negative, with values of -¥140,032,152.40 and -¥225,472,035.82 respectively[26]. - The net cash flow from financing activities dropped by 75.10% to 135.35 million RMB, due to increased cash dividend payments and reduced borrowings from convertible bonds[55]. Research and Development - R&D investment for the year was 151.64 million RMB, a 48.04% increase compared to the previous year, reflecting the company's commitment to innovation[41]. - Research and development expenses for 2020 totaled RMB 151,644,203.76, up 47.9% from RMB 102,437,387.16 in 2019[196]. - The company has a total of 118 patents, including 3 invention patents and 115 utility model patents, enhancing its competitive edge in the market[41]. Market and Industry - The main business focus remains on the research, production, and sales of electromagnetic wires, which are crucial for various industrial applications[31]. - The electromagnetic wire market in China accounts for approximately 50% of the global production, indicating a mature and competitive industry landscape[33]. - Future demand for electromagnetic wires is expected to diversify due to the emergence of new industries and the transformation of traditional downstream sectors[33]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares (including tax) to all shareholders, with a total distributable profit of RMB 585,927,292.77 as of December 31, 2020[5]. - The company has implemented a stable profit distribution policy, with cash dividends amounting to RMB 26,760,000 in 2018, RMB 49,952,927.64 in 2019, and RMB 53,521,082.10 in 2020, representing 14.80%, 32.05%, and 40.96% of the net profit respectively[78][79][80]. Risks and Challenges - The company has outlined potential risks in its future development in the report, emphasizing the importance of investor awareness regarding investment risks[6]. - The company faces market risks due to dependence on economic conditions affecting downstream demand, particularly in the home appliance and automotive sectors[73]. - Raw material price fluctuations, especially in electrolytic copper, significantly impact the company's cost structure, with over 90% of main business costs attributed to these materials[74]. Corporate Governance - The company has established a comprehensive environmental management system to comply with current domestic environmental requirements, but future regulations may impose additional costs[75]. - The company has maintained a good integrity status, with no significant debts or court judgments outstanding[98]. - The company has not faced any penalties from securities regulatory agencies in the past three years[156]. Social Responsibility - The company donated RMB 600,000 to local charities for poverty alleviation projects in Huzhou, Zhejiang Province, during the reporting period[110]. - The company has actively participated in local poverty alleviation plans as part of its corporate social responsibility initiatives[110]. Shareholder Information - The total number of shareholders increased from 16,145 to 16,693 during the reporting period[137]. - The company has no known related party transactions among other shareholders, except for Gu Linxiang being the controlling shareholder of Zhejiang Great Wall Electronic Technology Group Co., Ltd.[141].

Financial Performance - Operating income for the first nine months rose by 15.23% to CNY 4,140,904,916.26 year-on-year[7] - Net profit attributable to shareholders increased by 7.48% to CNY 125,660,692.94 for the same period[7] - Basic earnings per share improved by 6.06% to CNY 0.70[8] - The company reported a decrease of 6.26% in net profit after deducting non-recurring gains and losses[7] - Total revenue for the first three quarters of 2020 was ¥4,140,904,916.26, a 15.3% increase from ¥3,593,601,752.34 in the same period of 2019[29] - Net profit for the first three quarters of 2020 reached ¥125,660,692.94, a 7.5% increase from ¥116,919,998.00 in the same period of 2019[31] - Total profit for the first three quarters of 2020 was ¥82,186,424.00, down 31.5% from ¥119,869,382.84 in the same period of 2019[37] Cash Flow - Cash flow from operating activities surged by 109.21% to CNY 474,846,420.11 compared to the previous year[7] - The company reported a net cash flow from operating activities of ¥474,846,420.11 for the first three quarters of 2020, an increase of 109.5% from ¥226,967,698.69 in the same period of 2019[39] - Operating cash inflow for the first three quarters of 2020 reached ¥5,618,340,833.09, a significant increase from ¥3,744,242,764.38 in the same period of 2019, representing a growth of approximately 50%[42] - Net cash flow from operating activities for Q3 2020 was ¥573,450,604.57, compared to ¥225,439,426.73 in Q3 2019, indicating an increase of about 154%[43] Assets and Liabilities - Total assets increased by 41.77% to CNY 4,108,817,403.13 compared to the end of the previous year[7] - Current liabilities rose to ¥1,555,170,976.47, compared to ¥411,708,642.65 in the previous year, indicating a significant increase of about 278%[22] - Total liabilities reached ¥2,167,340,802.88, compared to ¥978,943,009.81, marking an increase of around 121%[23] - Owner's equity amounted to ¥1,941,476,600.25, a rise from ¥1,919,247,361.56, showing a growth of about 1.15%[23] - Total current assets reached ¥2,729,643,351.87, up from ¥1,976,305,525.09, representing an increase of around 38%[25] Shareholder Information - The number of shareholders reached 16,791 by the end of the reporting period[12] - The largest shareholder, Zhejiang Great Wall Electronic Technology Group Co., Ltd., holds 45.82% of the shares[12] Research and Development - Research and development expenses increased by 58.12% to ¥120,563,224.41 from ¥76,248,486.35, reflecting the company's commitment to innovation[17] - Research and development expenses for Q3 2020 amounted to ¥60,400,859.70, a significant increase from ¥25,427,187.46 in Q3 2019[29] - Research and development expenses for the first three quarters of 2020 amounted to ¥81,419,611.33, up 11.5% from ¥72,844,025.68 in the same period of 2019[36] Financial Expenses - The company reported a 40.76% increase in financial expenses to ¥40,815,744.59 from ¥28,996,428.27, primarily due to increased interest on discounted notes[17] - The financial expenses for the first three quarters of 2020 were ¥35,907,842.90, an increase of 21.9% from ¥29,447,148.45 in the same period of 2019[36] Investment Activities - Total cash outflow from investing activities in Q3 2020 was ¥1,149,646,873.49, down from ¥1,701,621,398.14 in Q3 2019, showing a reduction of approximately 32%[43] - Net cash flow from investing activities for Q3 2020 was -¥518,676,664.28, an improvement from -¥826,617,935.78 in Q3 2019[43] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[36]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥2.23 billion, a decrease of 6.62% compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company was approximately ¥75.17 million, an increase of 1.81% year-on-year[19]. - The net cash flow from operating activities reached approximately ¥614.88 million, representing a significant increase of 170.28% compared to the previous year[19]. - Basic earnings per share for the reporting period were ¥0.42, up 2.44% from ¥0.41 in the same period last year[20]. - The company reported a decrease of 25.04% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to approximately ¥51.27 million[19]. - The weighted average return on net assets was 3.87%, a decrease of 0.25 percentage points compared to the previous year[20]. - The company achieved operating revenue of CNY 2,233,710,275.21 in the first half of 2020, a decrease of 6.62% compared to the same period last year[33]. - The production volume of electromagnetic wire products reached 53,978 tons, an increase of 6.11% year-on-year, while sales volume slightly decreased by 0.09% to 50,277 tons[32]. - The company reported a significant increase in short-term borrowings, totaling CNY 150,000,000, indicating a rise in bank loans[37]. - The company’s inventory increased by 37.80% to CNY 620,830,589.60, attributed to expanded production scale[37]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately ¥3.80 billion, an increase of 31.25% compared to the end of the previous year[19]. - The company's total current assets reached RMB 3,171,631,654.37, up from RMB 2,380,161,839.72, indicating an increase of about 33.3% year-over-year[88]. - The total liabilities increased to RMB 1,859,501,762.15 from RMB 978,943,009.81, reflecting a rise of approximately 89.8%[90]. - As of June 30, 2020, the company's debt ratio was 48.88%, with total liabilities amounting to CNY 1.86 billion, including current liabilities of CNY 1.26 billion and non-current liabilities of CNY 602 million[69]. - The company's total equity reached CNY 1,876,025,053.90, slightly up from CNY 1,873,829,401.00, showing a marginal increase[93]. Dividends and Shareholder Commitments - The company plans to distribute a cash dividend of ¥3.00 per 10 shares (including tax) to all shareholders[5]. - A profit distribution plan has been proposed, with a dividend of 3.00 yuan per 10 shares[50]. - The actual controller and shareholders committed not to transfer or entrust their shares for 36 months post-IPO, with a minimum selling price not lower than the issue price after the lock-up period[52]. - The commitment to not transfer shares applies to directors and senior management for 25% of their holdings annually after the lock-up period[52]. - The company has a plan to compensate shareholders for any losses caused by violations of the commitments made by the actual controllers[52]. Market and Operational Insights - The company's main business is the research, production, and sales of electromagnetic wires, with a product range covering over 1,000 specifications and a temperature grade from 130 to 240[24]. - The company is a leading manufacturer in the domestic electromagnetic wire industry, with production and sales volume ranking among the top in the sector[28]. - Approximately 90% of the company's products are sold in the East China region, which is a major industrial hub for its applications[29]. - The electromagnetic wire market in China accounts for about 50% of global production, indicating a mature and competitive industry[26]. - The company focuses on high-end manufacturing sectors such as industrial motors and automotive motors, leveraging its technological and talent advantages[28]. Research and Development - Research and development expenses increased by 18.38% to CNY 60,162,364.71, reflecting the company's commitment to innovation[34]. - The company holds 95 patents, including 3 invention patents and 92 utility model patents, and has achieved ISO9001 and IATF16949 quality management system certifications[29]. Risk Factors - The company has identified potential risks in its operational development, which are detailed in the report[7]. - The company faces market risks due to dependence on industries like home appliances and automotive, which are sensitive to economic fluctuations[44]. - Over 90% of the main business costs are attributed to raw materials, particularly electrolytic copper and copper rods, making the company vulnerable to price volatility[44]. - Environmental protection costs may increase due to stricter regulations, impacting production processes and financials[46]. - The impact of COVID-19 has delayed operations for upstream and downstream enterprises, potentially affecting demand in the short term[46]. Compliance and Governance - The company has appointed Tianjian Accounting Firm as the auditor for the 2020 fiscal year, approved at the 2019 annual shareholders' meeting[58]. - There are no significant litigation or arbitration matters during the reporting period[58]. - The company and its controlling shareholders have maintained good integrity, with no defaults on court judgments or significant debts due[58]. Environmental Responsibility - The company has implemented effective pollution control measures and complies with environmental regulations, having obtained ISO14001:2015 certification[70]. - Wastewater from the company's operations is recycled and reused, with no external discharge of cooling and pure water waste[70]. - The company has advanced noise control measures, ensuring compliance with national noise emission standards[71]. - Solid waste generated during production is handled by a specialized company for recycling[70].

证券代码：603897 证券简称：长城科技 公告编号：2020-036 债券代码：113528 债券简称：长城转债 转股代码：191528 转股简称：长城转股 浙江长城电工科技股份有限公司 关于召开 2019 年度业绩说明会暨 参加 2020 年浙江辖区上市公司投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 1、会议内容：2019 年度业绩说明会暨浙江辖区上市公司投资者网上集体接待日 活动 2、召开时间：2020 年 5 月 15 日下午 15:00-17:00 3、召开地点：全景网（http://rs.p5w.net） 4、召开方式：网络平台在线交流 5、投资者可以在 2020 年 5 月 14 日下午 16:00 前将需要了解的情况和关注问题 预先发送至公司投资者关系信箱(grandwall@yeah.net)，公司将在说明会上就投资 者普遍关注的问题进行回答。 一、 说明会类型 浙江长城电工科技股份有限公司（以下简称"公司"）已经于 2020 年 4 月 15 日 披 ...

Financial Performance - Net profit attributable to shareholders increased by 8.84% to CNY 39,469,275.56 year-on-year[5] - Operating revenue decreased by 19.84% to CNY 921,028,553.86 compared to the same period last year[5] - Basic earnings per share rose by 10.00% to CNY 0.22 per share[5] - The weighted average return on equity decreased by 0.09 percentage points to 2.04%[5] - Total operating revenue for Q1 2020 was ¥921,028,553.86, a decrease of 19.9% compared to ¥1,148,973,079.28 in Q1 2019[25] - Net profit for Q1 2020 was ¥39,469,275.56, an increase of 8.1% from ¥36,263,396.33 in Q1 2019[26] - The total comprehensive income for Q1 2020 was ¥39,469,275.56, compared to ¥36,263,396.33 in Q1 2019[27] Cash Flow - Net cash flow from operating activities surged by 1,162.66% to CNY 323,080,819.48 compared to the previous year[5] - The net cash flow from operating activities was ¥323,080,819.48, significantly higher than ¥25,587,374.02 in Q1 2019[32] - Total cash inflow from operating activities was ¥1,139,531,103.55, while cash outflow was ¥822,818,742.22, resulting in a net cash inflow of ¥316,712,361.33[34] - The net cash flow from financing activities was -¥3,169,785.00 in Q1 2020, a decrease from ¥570,014,550.35 in Q1 2019[33] - The net cash flow from investing activities was -¥147,178,931.01, an improvement from -¥687,535,133.17 in the same period last year, indicating a reduction in cash outflow by approximately 79%[35] Assets and Liabilities - Total assets increased by 9.36% to CNY 3,169,527,417.20 compared to the end of the previous year[5] - Total liabilities as of March 31, 2020, were ¥1,249,279,319.45, compared to ¥1,017,517,068.82 at the end of 2019, reflecting a 22.7% increase[22] - The company reported a total equity of ¥1,908,088,675.66 as of March 31, 2020, up from ¥1,873,829,401.00 at the end of 2019[22] - The company's total liabilities to equity ratio stood at approximately 0.51, indicating a relatively low leverage position[40] Shareholder Information - The total number of shareholders reached 18,876 at the end of the reporting period[8] - The largest shareholder, Zhejiang Great Wall Electronic Technology Group Co., Ltd., holds 45.82% of the shares[8] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 8,588,321.20[7] - Other income increased significantly by 601.66% to ¥8,588,321.20 from ¥1,224,000.00, primarily due to an increase in government subsidies related to daily activities[13] Investment and Financial Assets - Investment income rose dramatically by 2548.45% to ¥12,576,510.70 from ¥474,862.35, mainly from returns on financial products and gains from the disposal of trading financial assets[13] - Trading financial assets rose by 71.25% to ¥480,000,000.00 from ¥280,294,408.80, primarily due to an increase in financial products purchased at fair value[12] Employee Compensation - The company reported a decrease in employee compensation payable by 33.23% to ¥7,812,265.85 from ¥11,700,706.11, due to the payment of last year's accrued bonuses[12] Research and Development - The company plans to continue focusing on research and development, with R&D expenses for Q1 2020 at ¥25,371,739.04, slightly up from ¥25,291,312.05 in Q1 2019[26]

Financial Performance - The company's consolidated net profit attributable to shareholders for 2019 was ¥155,838,116.54, a decrease of 13.81% compared to ¥180,799,639.67 in 2018[5]. - The operating revenue for 2019 was ¥4,971,330,414.00, showing a slight decline of 0.16% from ¥4,979,471,829.73 in the previous year[21]. - Basic earnings per share decreased by 21.62% to ¥0.87 from ¥1.11 in 2018[23]. - The weighted average return on net assets was 8.54%, down from 13.33% in the previous year, a decrease of 4.79 percentage points[23]. - The net profit attributable to shareholders was RMB 15,583,810, reflecting a decline of 13.81% year-on-year[44]. - The company's main business revenue for the reporting period was 4.889 billion RMB, a decrease of 0.32% year-on-year[48]. - The total operating revenue for 2019 was CNY 4,971,330,414, a slight decrease from CNY 4,979,471,829.73 in 2018[198]. - Net profit for 2019 was CNY 155,838,116.54, down from CNY 180,799,639.67 in 2018, reflecting a decrease of approximately 13.8%[199]. Assets and Liabilities - The total assets rose significantly by 53.82% to ¥2,898,190,371.37 compared to ¥1,884,118,944.87 in 2018[22]. - The net assets attributable to shareholders increased by 14.17% to ¥1,919,247,361.56 from ¥1,681,037,157.97 in 2018[22]. - Total liabilities reached CNY 978,943,009.81 in 2019, significantly up from CNY 203,081,786.90 in 2018, indicating an increase of approximately 382%[192]. - Shareholders' equity grew to CNY 1,919,247,361.56 in 2019, compared to CNY 1,681,037,157.97 in 2018, representing an increase of about 14.2%[192]. - The company's debt-to-asset ratio as of December 31, 2019, was 33.78%, with total liabilities amounting to 979 million yuan[128]. Cash Flow - The net cash flow from operating activities was ¥380,865,193.80, a significant recovery from a negative cash flow of -¥370,952,439.85 in 2018[21]. - The net cash flow from operating activities significantly increased to 380.87 million RMB, compared to a negative cash flow of 370.95 million RMB in the same period last year[60]. - The net cash flow from investing activities decreased to -955.37 million RMB, compared to -411.64 million RMB in the same period last year[60]. - The net cash flow from financing activities decreased by 17.82% to 543.66 million RMB[60]. Research and Development - Research and development investment amounted to RMB 102,437,387, up by 2.28% from the previous year[42]. - Research and development expenses totaled 102.44 million RMB, accounting for 2.06% of operating revenue[59]. - The company identifies key R&D areas including new materials and technologies for electric vehicle motors and intelligent manufacturing, aiming to maintain a leading position in product design and manufacturing processes[78]. Market and Industry Position - The electromagnetic wire market in China has matured, with the company being a leading manufacturer in this sector, producing a wide range of specifications[33]. - The company is focusing on expanding into new application areas such as the electric vehicle and renewable energy sectors, indicating a strategic shift in market focus[73]. - The company anticipates increased market consolidation in the electromagnetic wire industry due to rising operational pressures on smaller firms[73]. Shareholder and Governance - The company has established a cash dividend policy, committing to distribute at least 10% of its distributable profits as cash dividends annually when conditions permit[83]. - The company has commitments from major shareholders to not transfer or manage their shares for 36 months post-IPO, ensuring stability in shareholding[88]. - The company maintains a robust governance structure, ensuring transparency and protecting shareholder rights[117]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements[166]. Financial Management - The company has invested a total of ¥247,200,000 in bank wealth management products using temporarily idle raised funds[108]. - The company reported a financial return of 2.6% to 5.0% on various investment products, indicating a focus on wealth management[114]. - The company has successfully recovered 100% of the principal amounts across various financial management products[110]. Compliance and Risk Management - The company has outlined potential risks in its future development in the report, urging investors to be aware of investment risks[6]. - The company faces market risks due to dependence on downstream industries like home appliances and automotive, which are sensitive to economic fluctuations[79]. - The company has implemented new financial instrument standards, leading to a reclassification of certain assets and liabilities in its financial statements[63]. Employee and Operational Efficiency - The company has established a comprehensive employee benefits system, including various types of insurance and a competitive salary structure[118]. - The management team has maintained a low turnover rate among frontline employees, ensuring operational stability and efficiency[40]. - The total number of employees in the parent company is 576, while the total number of employees in major subsidiaries is 82, resulting in a combined total of 658 employees[159].