证券代码：603917 证券简称：合力科技 公告编号：2021-041 宁波合力科技股份有限公司 关于参加"宁波辖区2021年度上市公司投资者 网上集体接待日主题活动"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。 活动时间：2021年11月18日（星期四）下午15:00-17:00 活动方式：网络文字互动 活动平台：全景网投资者关系互动平台（https://rs.p5w.net/） 为进一步加强宁波辖区上市公司与投资者特别是中小投资者的沟通交流，增 强上市公司的透明度，提升公司治理水平，促进公司规范运作，在宁波证监局指 导下，宁波上市公司协会将联合深圳市全景网络有限公司共同举办"心系投资者 携手共行动"——宁波辖区2021年度上市公司投资者网上集体接待日主题活动。 活动于2021年11月18日15:00-17:00举行，平台登陆地址：https://rs.p5w.net/ 届时，公司高管人员将参加本次活动，通过网络在线交流形式，就公司治理、 发展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行"一对 ...

2021 年第三季度报告 证券代码：603917 证券简称：合力科技 宁波合力科技股份有限公司 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 1 / 16 2021 年第三季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 | 项目 | 本报告期 | 上年同期 | | 本报告期比上 年同期增减变 | 年初至报告期 | 上年同期 | | 年初至报告 期末比上年 同期增减变 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 动幅度(%) | 末 | | | | | | | | | | | | ...

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 351,518,252.70, representing a 7.94% increase compared to RMB 325,672,430.12 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 16.59% to RMB 37,289,796.41 from RMB 44,708,859.73 in the previous year[18]. - The basic earnings per share for the first half of 2021 was RMB 0.2378, down 16.59% from RMB 0.2851 in the same period last year[19]. - The net profit after deducting non-recurring gains and losses was RMB 27,068,745.72, a decrease of 19.34% compared to the previous year[18]. - The company reported a total profit of 10,221,050.69, with a significant loss from income tax amounting to -1,344,701.33[22]. - The company achieved operating revenue of 351.52 million yuan, representing a year-on-year growth of 7.94%[52]. - The net profit attributable to shareholders decreased by 16.59% to 37.29 million yuan[52]. - The company reported a significant increase in short-term borrowings, which rose by 119.84% to ¥55,107,452.23, indicating increased leverage[59]. - The company reported a total comprehensive income of 32,625,459.44 RMB for the current period[152]. Assets and Liabilities - The company's total assets as of June 30, 2021, were RMB 1,465,466,140.00, a decrease of 2.88% from RMB 1,508,960,570.88 at the end of the previous year[18]. - The company's total equity attributable to shareholders decreased by 7.53% to RMB 1,005,134,591.49 from RMB 1,086,998,284.57 at the end of the previous year[18]. - Total liabilities increased to CNY 460,331,548.51, up from CNY 421,962,286.31, reflecting a growth of about 9.1%[123]. - Current liabilities totaled CNY 365,818,543.58, compared to CNY 336,984,954.11, indicating an increase of approximately 8.5%[123]. - The total owner's equity at the end of the reporting period is 980,474,748.27 RMB, showing a decrease of 35,042,863.76 RMB compared to the previous period[153]. Cash Flow - The cash flow from operating activities increased by 28.25% to RMB 59,125,582.28 compared to RMB 46,100,759.28 in the same period last year[18]. - The company reported a net increase in cash and cash equivalents of ¥28,097,924.25 for the first half of 2021, compared to a decrease of ¥22,545,152.88 in the same period of 2020[139]. - The total cash outflow from operating activities was CNY 284,345,270.89, compared to CNY 225,925,135.97 in the previous year, reflecting an increase of 25.8%[135]. - The company's cash and cash equivalents as of June 30, 2021, amounted to ¥86,245,246.11, an increase from ¥55,815,782.55 at the end of 2020, representing a growth of 54.5%[121]. Market Position and Operations - The company specializes in the manufacturing of automotive casting molds, hot stamping molds, aluminum alloy components, and automotive brake systems[26]. - The company has developed over 200 high-end casting and hot stamping mold products, showcasing strong R&D capabilities[40]. - The automotive lightweighting trend is driving demand for aluminum alloy components, with a projected 25% market share for new energy vehicles by 2025 in China[39]. - The company employs a "make-to-order" production model, ensuring customized products for clients[30]. - The company has established a "mold project management system" to enhance design efficiency and improve synchronization with client product development[40]. - The company has a strong market position in the specialized equipment manufacturing industry, particularly in mold manufacturing[25]. Risks and Challenges - The company faced increased costs due to rising prices of key raw materials such as aluminum ingots and mold steel, impacting profit margins[20]. - The company is exposed to raw material price volatility risks, particularly for mold steel and aluminum ingots, which could affect production costs and profitability[68]. - The company faces risks related to macroeconomic fluctuations and the cyclical nature of the automotive industry, which could impact sales and profitability[66]. - The company faces risks from exchange rate fluctuations, which could impact its export pricing competitiveness and operating performance if the RMB appreciates against the Euro and USD[71]. Corporate Governance and Compliance - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[78]. - The company is committed to fulfilling its promises regarding the accuracy of its IPO prospectus and will take responsibility for any misleading information[87]. - Major shareholders and actual controllers promise not to reduce their holdings during the lock-up period as per legal requirements[92]. - The company will publicly explain any failure to fulfill commitments in the prospectus and apologize to shareholders and the public[97]. Research and Development - Research and development expenses for the first half of 2021 were ¥16,255,086.84, an increase of 14.9% from ¥14,138,527.51 in the same period of 2020[129]. - The company emphasizes the importance of enhancing its design, research, and innovation capabilities to compete with leading international mold enterprises[69]. Acquisitions and Expansion - The company acquired Ningbo Helit Brake System Co., Ltd., which specializes in manufacturing automotive components, enhancing its business scope and profitability[53]. - The company acquired 100% equity of Helit Group's subsidiary for ¥87,950,000 to expand its business scope and enhance competitiveness[61]. - The company completed the construction of a project to produce 100 sets of large precision die-casting molds and 1.5 million aluminum alloy parts, which has started generating economic benefits[53].

2021 年第一季度报告 公司代码：603917 公司简称：合力科技 宁波合力模具科技股份有限公司 2021 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 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 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 1,312,547,485.10 | 1,345,825,758.13 | | -2.47 | | 归属于上市公司 | 1,042,113,414.48 | 1,028,715,111.91 | | 1.30 | | 股东的净资产 | | | | | | | 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 | 1,300,301.25 | 24,005,252.53 | | -94.58 | | 现金流量净额 ...

Financial Performance - In 2020, the company's operating revenue was RMB 604,074,582.73, a decrease of 1.13% compared to RMB 610,967,607.07 in 2019[21] - The net profit attributable to shareholders was RMB 73,915,137.16, down 2.62% from RMB 75,901,269.49 in the previous year[21] - The net profit after deducting non-recurring gains and losses was RMB 64,668,853.26, a decrease of 1.30% from RMB 65,522,048.50 in 2019[21] - The net cash flow from operating activities increased by 4.72% to RMB 108,549,560.94 from RMB 103,653,611.24 in 2019[21] - As of the end of 2020, the net assets attributable to shareholders were RMB 1,028,715,111.91, an increase of 5.95% from RMB 970,908,995.33 at the end of 2019[21] - The total assets at the end of 2020 were RMB 1,345,825,758.13, compared to RMB 1,237,815,140.12 at the end of 2019[22] - Basic earnings per share for 2020 were RMB 0.4714, down 2.62% from RMB 0.4841 in 2019[23] - The weighted average return on net assets was 7.40%, a decrease of 0.67 percentage points from 8.07% in 2019[23] Revenue and Profit Trends - Total revenue for the first quarter was ¥101,154,342.29, increasing to ¥207,776,789.76 in the fourth quarter, representing a growth of approximately 105.5%[25] - Net profit attributable to shareholders for the first quarter was ¥17,937,171.63, with a decline to ¥16,435,815.18 in the fourth quarter, indicating a decrease of about 8.4%[25] - The total amount of non-recurring gains for 2020 was ¥9,246,283.90, down from ¥10,379,220.99 in 2019, indicating a decline of about 10.9%[28] Business Operations and Strategy - The company’s main business includes the R&D, design, manufacturing, and sales of automotive casting molds and aluminum alloy parts, focusing on customized products[33] - The operating model is based on an "order-based production" approach, ensuring production aligns with sales demand[36] - The company has established stable procurement channels for raw materials, primarily sourcing domestically to ensure timely supply[38] - The company adopts a "self-production + outsourcing" model for manufacturing, focusing on core processes while outsourcing simpler tasks to improve efficiency[40] - The production of aluminum alloy components is based on self-developed molds, with production tasks assigned directly after contract signing[41] Market and Industry Insights - In 2020, the automotive industry faced a decline, with vehicle production and sales down by 2% and 1.9% respectively, but the situation improved as the year progressed[44] - The lightweight automotive components market is expected to grow significantly, with a projected 25% market share for new energy vehicles by 2025 in China[48] - The automotive lightweighting trend is driven by energy-saving policies, creating favorable conditions for the growth of aluminum and aluminum-magnesium alloy components[48] - The demand for aluminum alloy parts in the automotive sector is expected to grow significantly as the industry shifts towards lightweight materials[96] Research and Development - The company has developed over 200 high-end casting and hot stamping molds, showcasing strong R&D capabilities in the industry[49] - The total R&D expenditure for the year was approximately 20.87 million, accounting for 3.45% of total revenue[73] - The number of R&D personnel was 80, accounting for 11.46% of the total workforce[73] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of RMB 2.0 per 10 shares, totaling RMB 31,360,000 (including tax) based on a total share capital of 156,800,000 shares[5] - The cash dividend distribution for 2020 is an increase of 81.82% compared to the previous year[131] - The company’s cash dividend payout ratio for 2020 is projected to be 42.43% of the net profit attributable to shareholders[131] - The profit distribution policy mandates a minimum cash dividend of 10% of the distributable profits if no major investment plans or cash expenditures arise[119] Risks and Challenges - The company faces risks related to macroeconomic fluctuations and the cyclical nature of the automotive industry, which can impact demand for its products[107] - The company has a high customer concentration risk, with a significant portion of revenue derived from its top ten clients[109] - The company is exposed to raw material price volatility, particularly for mold steel and aluminum ingots, which can affect production costs and profitability[110] - Exchange rate fluctuations pose risks to the company's operating performance, particularly affecting export pricing competitiveness and potential foreign exchange gains or losses[112] Compliance and Governance - The company has committed to ensuring fair pricing in related party transactions to protect the interests of the company and its shareholders[163] - The company has established measures to ensure the fulfillment of commitments related to diluted immediate returns[166] - The company has implemented new revenue recognition standards effective January 1, 2020, impacting various financial statement items[168] Financial Management - The company has a total of RMB 277 million in bank wealth management products, with no overdue amounts[176] - The company has invested RMB 15 million in a bank wealth management product with a 3.10% annualized return, which has been fully recovered[177] - The company has consistently achieved fundraising with interest rates ranging from 2.10% to 4.10% throughout 2020[179] Shareholder Structure and Changes - The total number of ordinary shares is 156,800,000, with 76,542,088 shares (48.82%) being restricted shares that became tradable on December 4, 2020[190] - The company has no controlling shareholder situation, indicating a more decentralized ownership structure[200] - The top ten shareholders hold a total of 100% of the shares, with the largest shareholder, Shi Liangcai, owning 22,872,987 shares (14.59%)[196]

2020 年第三季度报告 公司代码：603917 公司简称：合力科技 宁波合力模具科技股份有限公司 2020 年第三季度报告 1 / 26 | | . | | --- | --- | | . | 1 | | | 1 | | 一、 重要提示 3 | | --- | | 二、 公司基本情况 3 | | 三、 重要事项 7 | | 四、 附录 9 | 2020 年第三季度报告 一、 重要提示 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 公司负责人施良才、主管会计工作负责人曲翠红及会计机构负责人（会计主管人员）楼小莲 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 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 - The company's operating revenue for the first half of 2020 was ¥268,897,466.92, a decrease of 7.33% compared to the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was ¥39,937,917.65, down 6.69% year-on-year[18]. - The net cash flow from operating activities was ¥25,371,016.21, a decline of 7.63% compared to the previous year[18]. - The total assets at the end of the reporting period were ¥1,304,032,306.98, a slight decrease of 0.29% from the end of the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥33,558,737.42, a decrease of 4.85% compared to the previous year[18]. - The company reported a total profit of 6,379,180.23 for the first half of 2020, with a significant loss of -1,182,564.75 attributed to income tax impacts[22]. - The company reported a total of 17,898 common stock shareholders at the end of the reporting period[110]. - The company reported a profit distribution of CNY -17,248,000.00, which includes allocations to surplus reserves and distributions to shareholders[148]. Industry Challenges - The company faced challenges due to the impact of COVID-19, particularly in the automotive industry, which experienced negative growth[20]. - The automotive industry faced a decline in production and sales, with a 16.8% drop in vehicle production and a 16.9% drop in sales during the first half of 2020[32]. - The automotive industry faced significant challenges, with vehicle production and sales in China dropping by 16.8% and 16.9% respectively in the first half of 2020[48]. Research and Development - The company aims to enhance its R&D capabilities in the casting mold industry to bridge the gap with advanced countries[33]. - The company has developed over 200 types of high-end casting and stamping molds, showcasing strong R&D capabilities[37]. - Research and development expenses increased by 25.34% to CNY 12.02 million, attributed to higher external research and development costs[51]. - Research and development expenses increased to ¥11.66 million in the first half of 2020, compared to ¥9.34 million in the same period of 2019, reflecting a growth of approximately 25.0%[135]. Production and Operations - The company specializes in the R&D, design, manufacturing, and sales of automotive casting molds, hot stamping molds, and aluminum alloy components[24]. - The production model is based on a "make-to-order" approach, ensuring customized products tailored to client specifications[25]. - The company has established stable procurement channels for raw materials, primarily sourcing from domestic suppliers[26]. - The aluminum alloy components are produced using self-developed molds, with a focus on optimizing production efficiency through a combination of in-house and outsourced processing[28]. - The hot stamping technology is widely adopted by major automotive manufacturers, indicating a growing market for hot stamping components[34]. - The company maintains a direct sales model, engaging with clients through various channels to ensure tailored service and support[31]. Financial Position - The total liabilities were CNY 309,856,827.89, down from CNY 336,965,271.14, indicating a reduction of approximately 8.0%[124]. - The company's equity increased to CNY 994,175,479.09 from CNY 970,908,995.33, showing a growth of approximately 2.5%[124]. - The total owner's equity at the end of the first half of 2020 was CNY 994,175,479.09, reflecting the company's financial stability[145]. - The total equity attributable to the parent company at the end of the first half of 2020 was CNY 911,207,642.14, compared to CNY 959,719,521.10 at the end of 2019, reflecting a decrease of approximately 5.03%[147]. Shareholder Information - The largest shareholder, Shi Liangcai, holds 22,872,987 shares, representing 14.59% of the total shares[112]. - The second-largest shareholder, Fan Kaishu, holds 20,034,885 shares, representing 12.78% of the total shares, with 2,000,000 shares pledged[112]. - The company has a total of 22,872,987 shares held by the controlling shareholder, Shi Liangcai, which will be locked for 36 months from the listing date[114]. - Major shareholders and actual controllers commit to not reducing their holdings during the lock-up period and will comply with legal requirements for any future reductions[84]. Compliance and Governance - The company has appointed Lixin Certified Public Accountants as the auditing firm for the 2020 fiscal year, approved by the 2019 annual general meeting[101]. - The company has complied with environmental protection laws and regulations, with no violations or pollution incidents reported during the reporting period[106]. - The company has not reported any major litigation or arbitration matters during the reporting period[102]. - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring accurate reflection of the company's financial status[162]. Cash Flow and Investments - The company reported cash inflow from investment activities of approximately ¥125.41 million, down from ¥180.55 million in the same period of 2019, a decline of about 30.5%[138]. - The cash outflow from investment activities was approximately ¥161.67 million, compared to ¥317.42 million in the first half of 2019, indicating a reduction of about 49.1%[138]. - The company reported a cash balance of CNY 35,700,323.75, down from CNY 59,045,476.63, a decrease of approximately 39.5%[127]. - The company received CNY 60,000,000.00 in borrowings during the first half of 2020, an increase of 100% compared to CNY 30,000,000.00 in the same period last year[141]. Risk Factors - The company faces risks from macroeconomic downturns that could affect customer orders and sales performance[58]. - The ongoing global pandemic presents uncertainties that may adversely affect the company's export business[63]. - Exchange rate fluctuations may impact the company's export competitiveness and could lead to foreign exchange gains or losses[62]. - The procurement cost of mold steel and aluminum ingots accounted for over 50% of the total raw material procurement, exposing the company to raw material price fluctuation risks[60].

2020 年第一季度报告 公司代码：603917 公司简称：合力科技 宁波合力模具科技股份有限公司 2020 年第一季度报告 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2020 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 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 1,259,698,555.06 | 1,307,874,266.47 | | -3.68 | | 归属于上市公司股 | 989,113,854.26 | 970,908,995.33 | | 1.88 | | 东的净资产 | | | | | | | 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 | 24,005,252.53 | 11,020,063.81 | | 117.83 | | | ...

Financial Performance - In 2019, the company achieved operating revenue of RMB 610,967,607.07, a slight increase of 0.23% compared to RMB 609,575,883.86 in 2018[20] - The net profit attributable to shareholders of the listed company was RMB 75,901,269.49, representing a decrease of 22.36% from RMB 97,757,713.63 in the previous year[20] - The net profit after deducting non-recurring gains and losses was RMB 65,522,048.50, down 23.23% year-on-year[20] - The net cash flow from operating activities reached RMB 103,653,611.24, a significant increase of 1,362.21% compared to RMB 7,088,816.16 in 2018[20] - The total assets of the company at the end of 2019 were RMB 1,307,874,266.47, up 5.66% from RMB 1,237,815,140.12 in 2018[20] - The net assets attributable to shareholders of the listed company increased by 6.55% to RMB 970,908,995.33 from RMB 911,207,642.14 in the previous year[20] - The basic earnings per share for 2019 were RMB 0.4841, down 22.36% from RMB 0.6235 in 2018[21] - The weighted average return on net assets was 8.07%, a decrease of 3.18 percentage points from 11.25% in 2018[22] Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.1 per 10 shares, totaling RMB 17,248,000 based on the total share capital as of December 31, 2019[5] - For the 2019 dividend distribution plan, the company proposes to distribute 1.1 RMB per 10 shares, amounting to a total of 17,248,000 RMB (including tax) based on a total share capital of 156,800,000 shares[104] - The cash dividend payout ratio for 2019 is 22.72%, with a total net profit attributable to shareholders of 75,901,269.49 RMB[106] - The company has maintained its cash dividend policy without changes during the reporting period[104] Operational Challenges - The company faced challenges due to increased equipment investment leading to higher depreciation costs and a decline in industry demand, resulting in insufficient new orders[22] - The domestic passenger car sales decline poses challenges for the aluminum alloy components industry, influenced by rising labor costs and fluctuating raw material prices[40] - The production of aluminum alloy parts decreased by 36.71%, primarily due to a decline in orders from its wholly-owned subsidiary, Bolite Automotive[58] Market Position and Strategy - The company specializes in the R&D, design, manufacturing, and sales of automotive casting molds and aluminum alloy components, focusing on customized products[30] - The company aims to expand its market presence in sectors such as new energy vehicles, rail transportation, and aviation, while strengthening partnerships with domestic and international clients[50] - The company recognizes the trend towards lightweight automotive components as a critical factor for future growth, driven by stricter international emission standards[72] - The company aims to enhance production capacity and improve manufacturing equipment to meet the growing market demand, which will help increase production efficiency and product quality[90] Research and Development - The company has developed over 200 high-end casting and hot stamping molds, showcasing strong R&D capabilities in the mold industry[42] - The company will continue to invest in R&D, maintaining a high proportion of R&D expenses relative to annual revenue, focusing on advanced technologies in casting molds and aluminum alloy components[94] - The company has a recognized technology center, enhancing its competitive edge in the design and manufacturing of complex molds[42] Production and Manufacturing - The production model is based on an "order-based" approach, ensuring that production aligns with customer demand[31] - The company employs a combination of in-house production and outsourcing for manufacturing, optimizing resource allocation[34] - The company has optimized its production process by outsourcing certain manufacturing steps to improve efficiency and cost control[35] - The company has invested in advanced processing technology, including high-speed machining centers, to enhance mold processing efficiency and precision[42] Financial Management - The company reported a significant increase in net cash flow from operating activities, rising by 1,362.21% due to increased cash receipts from sales[54] - The total assets at the end of the period were $1.31 billion, with cash and cash equivalents decreasing by 54.49% to $68.30 million due to investment payments[67] - The company reported a 345.96% increase in accounts payable, reaching $22.30 million, attributed to increased bank acceptance bills[69] Corporate Governance - The company has a governance structure that complies with the Company Law and Securities Law, ensuring the protection of shareholders' rights[193] - The board of directors consists of 9 members, including 3 independent directors, and has established several specialized committees[195] - The company maintains effective communication with minority shareholders to ensure their rights are protected[196] Compliance and Risk Management - The company emphasizes compliance with legal regulations to protect shareholder rights and ensure equal access to information[160] - The company recognizes the risk of macroeconomic fluctuations affecting the automotive industry, which could lead to reduced orders and sales difficulties[97] - The company faces a high customer concentration risk, with a significant portion of revenue coming from its top ten clients, which could impact profitability if these clients face difficulties[99] Employee Management and Training - The company has established a comprehensive training system to enhance employee skills, focusing on both internal and external training methods[162] - The company encourages employees to participate in continuing education to improve their knowledge and skills[191] - The number of employees in the parent company was 648, and the total number of employees including major subsidiaries was 718[188] Environmental Compliance - The company holds an environmental permit and adheres to national environmental protection laws, with no violations reported during the reporting period[163] - There were no significant environmental incidents or administrative penalties related to environmental laws during the reporting period[163]

Financial Performance - Operating revenue for the first nine months reached CNY 413,061,675.32, a slight increase of 1.11% year-on-year[6] - Net profit attributable to shareholders decreased by 15.75% to CNY 56,789,148.63 compared to the same period last year[6] - Basic earnings per share fell by 15.75% to CNY 0.3622[6] - Total operating revenue for Q3 2019 was ¥122,887,912.56, a decrease of 7.9% compared to ¥132,957,313.24 in Q3 2018[25] - Net profit for Q3 2019 was ¥13,988,655.82, a decline of 33.5% from ¥21,117,719.98 in Q3 2018[26] - Total profit for the first three quarters of 2019 was ¥66,843,537.07, down 16.4% from ¥79,886,845.85 in the first three quarters of 2018[26] - The company reported a total operating profit of ¥16,620,761.84 for Q3 2019, a decrease of 32.9% from ¥24,779,450.34 in Q3 2018[26] - Total comprehensive income for the first three quarters of 2019 was ¥54,193,740.89, down 13.2% from ¥62,412,536.79 in the same period of 2018[31] Cash Flow - Cash flow from operating activities improved significantly to CNY 44,950,463.05, a turnaround from a negative cash flow of CNY -4,780,155.86 in the previous year[6] - Operating cash flow net amount improved significantly to ¥44,950,463.05 from -¥4,780,155.86, driven by increased collections from customers and reduced payments for raw materials[13] - Cash received from tax refunds increased by 446.46% to ¥12,429,468.61 from ¥2,274,524.91, reflecting higher export tax rebates[14] - Cash paid for various taxes decreased by 34.38% to ¥30,428,958.15 from ¥46,368,212.22, mainly due to lower VAT and corporate income tax payments[14] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 31,580,879.50, a significant increase from CNY 4,776,595.45 in the same period of 2018, reflecting a growth of approximately 563%[40] Assets and Liabilities - Total assets increased by 3.50% to CNY 1,281,141,231.35 compared to the end of the previous year[6] - Non-current assets totaled CNY 558,037,809.31, an increase from CNY 473,742,253.50, reflecting a growth of about 17.8%[18] - Current liabilities rose to CNY 263,426,975.27, compared to CNY 247,800,122.29, indicating an increase of approximately 6.6%[18] - Total liabilities amounted to CNY 329,128,860.43, slightly up from CNY 326,607,497.98, showing a marginal increase of about 0.5%[18] - Owner's equity reached CNY 952,012,370.92, up from CNY 911,207,642.14, marking an increase of approximately 4.5%[18] - Total liabilities as of Q3 2019 were CNY 326,607,497.98, remaining consistent with the previous year, reflecting effective liability control[45] - The company's total equity as of Q3 2019 was CNY 911,207,642.14, which remained stable compared to the previous year, indicating strong shareholder confidence[45] Shareholder Information - The total number of shareholders reached 12,516, indicating a stable shareholder base[11] - The largest shareholder, Shi Liangcai, holds 14.59% of the shares, totaling 22,872,987 shares[11] Investment and Expenses - Government subsidies recognized in the first nine months amounted to CNY 8,939,868.11, contributing positively to the financial results[8] - Investment income fell by 84.77% to ¥825,061.64 from ¥5,417,643.82, attributed to lower returns from idle fundraising investments[14] - Research and development expenses for the first three quarters of 2019 totaled ¥15,288,511.10, an increase of 9.8% from ¥13,924,348.95 in the same period of 2018[25] - Tax expenses decreased by 47.13% to ¥2,029,532.03 from ¥3,838,699.58 due to a reduction in payable VAT[13] Inventory and Receivables - Cash and cash equivalents decreased by 66.66% to ¥50,034,719.54 from ¥150,054,850.49 due to investment in financial products and payment for equipment[12] - Other receivables dropped by 89.86% to ¥582,770.21 from ¥5,749,184.57 primarily due to the recovery of export tax rebates and import deposits[12] - Other current assets increased by 367.49% to ¥27,334,141.23 from ¥5,846,958.52, mainly due to an increase in financial investments[12] - Inventory rose to CNY 294,863,017.42, compared to CNY 263,801,130.36, indicating an increase of about 11.8%[22] - Accounts receivable increased to CNY 271,574,752.44 from CNY 256,455,468.38, reflecting a growth of approximately 5.9%[22] Financial Ratios - The weighted average return on equity decreased by 1.77 percentage points to 6.09%[6] - The total liabilities to equity ratio is approximately 0.34, suggesting a conservative leverage position[49]