（以下无正文） 1 （本页无正文，为《江阴市恒润重工股份有限公司独立董事关于控股子公司收购 芜湖六尺智算科技有限公司 100%股权暨关联交易之事前认可意见》之签署页） 江阴市恒润重工股份有限公司独立董事关于控股子公司收 购芜湖六尺智算科技有限公司 100%股权暨关联交易 之事前认可意见 根据《上市公司独立董事规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交易所股票上市规则》及《江阴市恒润重工股份有 限公司章程》（以下简称"《公司章程》"）等有关规定，我们作为江阴市恒润 重工股份有限公司（以下简称"公司"）的独立董事，基于独立判断立场，对提 交公司第四届董事会第三十一次会议审议的《关于控股子公司收购芜湖六尺智算 科技有限公司 100%股权暨关联交易的议案》进行了认真的事前审阅，现发表事 前认可意见如下： 公司在董事会审议该关联交易议案前就议案相关内容事先与我们进行了沟 通。本次收购股权有利于公司充分利用关联方的资源优势，提升公司的整体竞争 力，提高公司的未来盈利能力，不存在损害公司和全体股东特别是中小股东利益 的情形。我们同意本次关联交易事项，并同意将《关于控股子公司收购芜湖六尺 ...

证券代码：603985 证券简称：恒润股份 公告编号：2023-053 江阴市恒润重工股份有限公司 关于受让股权投资基金份额的进展公告 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。 一、对外投资概述 江阴市恒润重工股份有限公司（以下简称"公司"）于 2023 年 7 月 28 日召 开第四届董事会第三十次会议，审议通过了《关于受让股权投资基金份额的议案》， 同意公司以 0 元人民币受让江阴临港创业投资有限公司（以下简称"临港创投"） 持有的江阴启泰产业投资基金合伙企业（有限合伙）（以下简称"启泰基金"） 3,000 万元财产份额（对应认缴出资 3,000 万元，实缴出资 0 元）。具体内容详 见公司于 2023 年 7 月 29 日在上海证券交易所网站（www.sse.com.cn）披露《江 阴市恒润重工股份有限公司关于受让股权投资基金份额的公告》（公告编号： 2023-048）。 二、进展情况 （二）基金实际出资情况 截至本公告披露日，启泰基金合伙人实际出资情况如下： 单位：人民币万元 | 合伙人名称 | 合伙人类型 ...

(一)审计意见类型 (二)财务报表 2023 年第一季度报告 | --- | --- | --- | |-----------------------------|---------------------|-------------------| | 其他非流动金融资产 | 5,000,000.00 | 5,000,000.00 | | 投资性房地产 | | | | 固定资产 | 966,565,218.02 | 808,590,180.68 | | 在建工程 | 429,713,916.37 | 499,592,364.61 | | 生产性生物资产 | | | | 油气资产 | | | | 使用权资产 | 1,284,197.44 | 1,524,984.46 | | 无形资产 | 106,482,846.02 | 106,965,251.10 | | 开发支出 | | | | 商誉 | | | | 长期待摊费用 | | | | 递延所得税资产 | 17,378,783.41 | 16,344,072.57 | | | | | | 其他非流动资产 | 286,295,578.28 | 186,325,84 ...

证券代码：603985 证券简称：恒润股份 公告编号：2023-029 江阴市恒润重工股份有限公司 关于参加沪市风电产业链上市公司 2022 年年报 集体业绩说明会暨公司现金分红说明会的公告 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： 投资者可于 2023 年 4 月 25 日(星期二)至 5 月 4 日(星期四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮 箱 zlh@hrflanges.com 进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 江阴市恒润重工股份有限公司（以下简称"公司"）已于 2023 年 4 月 15 日在上海证券交易所网站（www.sse.com.cn）披露了公司《2022 年年度报告》、《2022 年年度报告摘要》和《2022 年度利润分配方案 公告》。为便于广大投资者更全面深入地了解公司 2022 年度经营成 果、财务状况及现金分红等情况，同时更加充分地向投资者展示风电 产业链发展情况，公司计划于 2023 年 5 月 5 日下午 ...

Financial Performance - The company's operating revenue for 2022 was CNY 1,944,794,262.50, a decrease of 15.20% compared to CNY 2,293,483,157.02 in 2021[22]. - The net profit attributable to shareholders decreased by 78.55% to CNY 94,796,367.90 from CNY 441,907,178.50 in the previous year[22]. - The basic earnings per share dropped by 81.26% to CNY 0.2150, down from CNY 1.1470 in 2021[23]. - The weighted average return on equity fell to 2.82%, a decrease of 18.57 percentage points from 21.39% in 2021[23]. - The net cash flow from operating activities was negative at CNY -158,002,298.82, compared to a positive CNY 325,507,733.94 in 2021, marking a decline of 148.54%[22]. - The company's total assets increased by 10.83% to CNY 4,314,301,753.97 at the end of 2022, up from CNY 3,892,616,001.56 at the end of 2021[22]. - The net profit after deducting non-recurring gains and losses was CNY 66,717,649.68, a decrease of 75.81% from CNY 275,760,012.38 in 2021[22]. - The main business revenue from wind tower flange products was CNY 917.94 million, a decline of 24.01% year-on-year due to reduced orders and price drops[70]. - The newly developed wind bearing business generated sales revenue of CNY 112.44 million, marking a 100.00% increase year-on-year[69]. - The company’s R&D expenses were CNY 57.81 million, down 34.49% year-on-year due to reduced investment in raw materials[65]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.04 per share (including tax), totaling approximately CNY 17,634,320.12 (including tax) based on a total share capital of 440,858,003 shares as of December 31, 2022[6]. - The cash dividend for the reporting period amounted to CNY 17,634,320.12, representing 18.60% of the net profit attributable to ordinary shareholders in the consolidated financial statements[187]. - The company plans to distribute at least 10% of the annual distributable profit in cash, with a cumulative distribution of no less than 30% of the average annual distributable profit over the last three years[183]. Corporate Governance - The company maintains a robust governance structure, ensuring compliance with laws and regulations, and actively protects shareholder rights[145]. - The company ensures the independence of its management team, with senior executives exclusively serving the listed company and not holding other positions in controlled entities[153]. - The company has committed to minimizing related party transactions and ensuring fair market practices when such transactions are unavoidable[158]. - The company has established a complete and independent corporate governance structure, ensuring that all decision-making bodies operate independently[157]. - The company has taken measures to avoid substantial competition with its controlled entities, ensuring a clear separation of business activities[158]. - The company has approved various resolutions in its shareholder meetings, including the annual financial report and profit distribution plans[160]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans, urging investors to understand the differences between plans, forecasts, and commitments[7]. - The company has detailed potential risks in the report, which can be found in the section discussing future development and risks[9]. - The company faces risks related to market demand fluctuations due to macroeconomic conditions, which could negatively impact future operating performance[128]. - The company is at risk of international trade policies and protection measures that could affect its export competitiveness and market demand[130]. - The company is highly sensitive to raw material price fluctuations, especially steel, which has seen continuous price increases since 2021, impacting procurement costs[134]. - There is a risk associated with accounts receivable collection, as any deterioration in the financial condition of major clients could lead to increased bad debt losses[135]. - Inventory may face significant impairment risks if there are adverse changes in downstream market demand or a substantial decline in raw material prices[136]. Research and Development - The company achieved breakthroughs in the research and development of large megawatt wind turbine components, upgrading the wind turbine flange technology from 7MW to 9MW and 12MW, and increasing the production capacity of wind turbine bearings to 150 sets per month[34]. - The company is enhancing its cost efficiency through business synergies in the forging industry, leveraging its experience to optimize production processes and reduce costs[39]. - The company is actively building a talent pool by recruiting experienced professionals in bearing manufacturing to support new projects and technological advancements[40]. - The company has established a provincial-level enterprise technology center recognized by Jiangsu Province, emphasizing its commitment to R&D[61]. - The company is committed to increasing its R&D capabilities in high-strength and corrosion-resistant materials, as well as in the production of large-scale engineering machinery components[123]. Market Position and Strategy - The company is a significant supplier in the forging flange and ring forging industry, recognized for its strong equipment and R&D advantages, and has become a key supplier for major international firms like Vestas and GE[51]. - The company has developed independent pitch bearings for wind power generation, marking its entry into the bearing market[52]. - The company has achieved mass production of 12MW offshore wind tower flanges, positioning itself as one of the few manufacturers capable of producing flanges for 9.0MW and above offshore wind turbines[51]. - The company is focusing on offshore wind power development, which is expected to become a significant growth driver for the wind power industry in China[115]. - The company aims to enhance its product structure and market competitiveness by increasing R&D investment and focusing on high-end equipment manufacturing, particularly in offshore wind power and turbine equipment[119]. Environmental Responsibility - The company has established a dedicated environmental protection management department, led by the general manager, to oversee environmental responsibilities[196]. - The company is actively expanding its wind power component production capacity to reduce carbon emissions, aligning with national policies on carbon neutrality[198]. - The company has implemented energy-saving measures and upgraded equipment to improve energy efficiency, including the construction of a new production line for 12MW wind turbine tower flanges[198]. - The company has reduced carbon emissions by 7,047 tons through the use of solar energy in its operations[199]. - The company invested CNY 4.814 million in environmental protection during the reporting period[193]. Management and Personnel - The company employed a total of 1,246 staff members, with 875 in production, 139 in technical roles, and 15 in sales[178]. - The company has a competitive salary policy based on industry standards and individual performance, ensuring alignment with market conditions[179]. - The company emphasizes the training of management and technical personnel to enhance decision-making, management capabilities, and technical skills[180]. - The number of R&D personnel was 125, making up 10.03% of the total workforce[88]. - The total pre-tax remuneration for the directors and senior management amounted to 690.28 million yuan for the reporting period[161].

Financial Performance - The company's operating revenue for Q3 2022 was ¥545,205,438.75, representing a year-on-year increase of 1.29%[7] - The net profit attributable to shareholders for Q3 2022 was ¥14,128,205.91, a decrease of 84.96% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,813,782.90, down 87.11% year-on-year[7] - The basic earnings per share for Q3 2022 was ¥0.0320, reflecting a decline of 84.96% compared to the previous year[10] - Total operating revenue for the first three quarters of 2022 was CNY 1,356,613,909.67, a decrease of 22% compared to CNY 1,730,022,307.79 in the same period of 2021[29] - Net profit for the third quarter of 2022 was CNY 56,642,164.97, a significant decline from CNY 336,883,866.41 in the same quarter of 2021[32] - The total comprehensive income for the period attributable to the parent company was CNY 57,021,134.64, a decrease from CNY 338,248,884.98 in the same period last year[34] - The company's net profit for Q3 2022 was CNY 25,079,899.54, compared to a net loss of CNY 20,147,083.89 in Q3 2021, indicating a significant turnaround[47] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥4,116,037,974.49, an increase of 5.74% from the end of the previous year[10] - Total assets as of September 30, 2022, reached RMB 4,116,037,974.49, an increase from RMB 3,892,616,001.56 at the end of 2021[21] - Current assets decreased to RMB 2,522,086,801.12 from RMB 2,778,882,556.64 year-over-year[24] - Cash and cash equivalents amounted to RMB 753,005,923.32, down from RMB 791,404,399.56[21] - Accounts receivable increased to RMB 406,437,432.93 from RMB 361,872,178.95[21] - Inventory rose significantly to RMB 562,770,384.78 compared to RMB 404,696,819.41 in the previous year[24] - Long-term equity investments increased to RMB 83,307,955.20 from RMB 73,541,352.25[24] - The company reported a significant increase in other non-current assets to RMB 567,038,177.24 from RMB 259,899,556.25[24] - The company's total liabilities increased to CNY 755,692,748.18 in 2022 from CNY 555,379,755.79 in 2021, indicating a rise in financial obligations[29] - The total liabilities included short-term borrowings of RMB 80,159,869.16, which were not present in the previous year[24] - The total liabilities to equity ratio increased, indicating a higher leverage position for the company[44] Cash Flow - The cash flow from operating activities for the year-to-date was negative at ¥-108,344,849.22, a decrease of 152.86% year-on-year[7] - The net cash flow from operating activities was -CNY 108,344,849.22, compared to CNY 204,959,597.29 in the previous year[37] - The company’s total operating cash inflow was CNY 955,034,311.14, compared to CNY 1,157,229,535.51 in the previous year[37] - The total cash inflow from financing activities was CNY 141,665,889.84, a significant decrease from CNY 1,977,747,779.42 in the same period last year[39] - The company received CNY 2,055,000,000.00 from investment recoveries, significantly higher than the previous year's cash inflow from investments[37] - The total cash outflow from investing activities was CNY 2,128,003,795.28, compared to CNY 191,289,714.59 in the same period last year[37] - Cash flow from investment activities netted CNY 299,723,804.95, compared to CNY 123,224,001.88 in the same period of 2021[49] Operational Challenges and Strategies - The company reported a significant decline in gross profit margin for wind power tower flanges due to price drops, impacting overall profitability[13] - The company anticipates continued challenges in the wind power sector, with cautious order intake affecting future performance[13] - The company plans to focus on market expansion and new product development in the upcoming quarters[47] - Research and development expenses for the first three quarters of 2022 were CNY 36,864,591.25, down from CNY 63,207,723.99 in 2021, indicating a potential shift in investment strategy[29] - Research and development expenses decreased to CNY 6,575,251.56 from CNY 10,121,096.32, a reduction of about 34.3%[46] Shareholder Information - The number of shares held by the top ten shareholders accounted for 29.00% and 22.66% of total shares, indicating concentrated ownership[17] - The total equity attributable to shareholders rose to CNY 3,360,345,226.31 in 2022, compared to CNY 3,337,236,245.77 in 2021, showing a slight increase in shareholder value[29] - The total equity decreased slightly to CNY 2,533,787,979.80 from CNY 2,542,620,234.36, a decline of approximately 0.3%[44]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥811.41 million, a decrease of 31.92% compared to ¥1.19 billion in the same period last year[23]. - The net profit attributable to shareholders of the listed company was approximately ¥42.51 million, down 82.52% from ¥243.21 million in the previous year[23]. - The net profit after deducting non-recurring gains and losses was approximately ¥32.49 million, a decline of 86.51% compared to ¥240.80 million in the same period last year[23]. - The net cash flow from operating activities was negative at approximately -¥31.50 million, a significant decrease from ¥97.73 million in the previous year, representing a decline of 132.23%[23]. - Basic earnings per share for the first half of 2022 were ¥0.0964, down 82.53% from ¥0.5517 in the same period last year[23]. - The weighted average return on net assets was 1.27%, a decrease of 13.52 percentage points from 14.79% in the previous year[23]. - The gross margin for wind tower flange products dropped from 39.68% to 11.09% due to reduced orders and price declines[52]. - Research and development expenses decreased by 46.10% to CNY 23.91 million compared to the previous year[56]. - The company reported a significant decrease in long-term deferred expenses by 67.02% year-on-year, primarily due to the amortization of asphalt pavement engineering costs[59]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥3.99 billion, an increase of 2.71% from ¥3.89 billion at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were approximately ¥3.35 billion, a slight increase of 0.27% from ¥3.34 billion at the end of the previous year[23]. - The company's total liabilities include accounts payable, which increased by 36.11% year-on-year due to the issuance of bank acceptance bills for payment[59]. - Total liabilities increased to CNY 651,798,531.39 from CNY 555,379,755.79, representing a rise of approximately 17.3%[169]. - The company's total assets increased to CNY 3,997,985,901.44 from CNY 3,892,616,001.56, representing a growth of approximately 2.8%[167]. Market and Industry Position - The company is a key supplier in the ring forging and flange manufacturing industry, with strong technological and R&D advantages, and has been recognized as a qualified supplier by major global firms[36][38]. - The demand for large ring forgings is increasing, particularly in the wind power sector, as wind energy becomes a significant renewable resource globally[33]. - The company is a key supplier of offshore wind turbine tower flanges, benefiting from the rapid development of the offshore wind power industry in China, which has seen cumulative installed capacity reach 32.8 million kW by the end of 2021[39]. - The domestic offshore wind power market is expected to accelerate due to government support and technological advancements, positioning the company favorably for future growth[39]. - The company has established long-term stable partnerships with high-quality clients in Europe and Japan, including major wind turbine manufacturers like Vestas and GE, enhancing its brand recognition in international markets[46]. Strategic Initiatives - The company aims to continue expanding its market presence and enhance its competitive edge in the forging industry through innovation and strategic partnerships[30]. - The company has developed advanced forging technology and production capabilities, allowing it to meet stringent customer specifications and maintain high product quality[44]. - The company is developing a 12MW production line for wind power tower flanges, gearboxes, and bearings to align with the rapid growth of the global clean energy wind power industry[97]. - The company plans to pursue strategic acquisitions to enhance its product offerings, with a budget of 500 million earmarked for potential targets[106]. Environmental and Compliance - The company has established a dedicated environmental protection management department, led by the general manager, to oversee and improve environmental conditions[94]. - The company has complied with all relevant environmental laws and regulations, with no significant environmental pollution incidents reported during the reporting period[93]. - The company has implemented measures to reduce carbon emissions, including upgrading processes and equipment, and increasing production capacity for wind power tower flanges[97]. - The company has established an emergency response plan for environmental incidents to ensure orderly management of environmental protection efforts[94]. Shareholder and Governance - The company has committed to maintaining strict compliance with information disclosure obligations regarding stock purchases and sales by major shareholders[100]. - The controlling shareholder has committed to not transferring 14,268,800 shares (7% of total shares before the private placement) for 18 months following the completion of the private placement[109]. - The company has established a complete corporate governance structure to maintain operational independence[111]. - The company has committed to a profit guarantee for its subsidiary, Guangke Optoelectronics, with net profits of no less than RMB 25 million, RMB 35 million, and RMB 50 million for the years 2021, 2022, and 2023 respectively, totaling a minimum of RMB 110 million over the three years[122].

Financial Performance - The company's operating revenue for Q1 2022 was ¥371,951,453.11, a decrease of 40.37% compared to the same period last year[6] - The net profit attributable to shareholders was ¥12,635,312.27, reflecting a significant decline of 90.91% year-over-year[6] - The net profit after deducting non-recurring gains and losses was ¥9,381,032.24, down 93.16% from the previous year[6] - The basic earnings per share were ¥0.0373, a decrease of 90.90% compared to the same period last year[6] - The company reported a significant drop in gross profit margin, contributing to the decline in net profit[10] - Total operating revenue for Q1 2022 was ¥371,951,453.11, a decrease of 40.3% compared to ¥623,740,387.34 in Q1 2021[32] - Net profit for Q1 2022 was ¥12,635,312.27, a significant decline of 90.9% from ¥139,529,507.94 in Q1 2021[35] - Basic earnings per share for Q1 2022 were ¥0.0373, compared to ¥0.4097 in Q1 2021, reflecting a decrease of 91.0%[35] - The total comprehensive income for Q1 2022 was ¥12,859,234.24, down from ¥140,026,270.49 in Q1 2021[35] Cash Flow - The company reported a net cash flow from operating activities of -¥13,219,195.86, indicating a negative cash flow situation[6] - Cash flow from operating activities for Q1 2022 was negative at -¥13,219,195.86, compared to -¥4,552,144.92 in Q1 2021[38] - Cash inflow from operating activities totaled ¥339,858,491.09 in Q1 2022, slightly down from ¥350,241,629.50 in Q1 2021[38] - Cash outflow from operating activities was ¥353,077,686.95 in Q1 2022, compared to ¥354,793,774.42 in Q1 2021[38] - The company reported an investment cash inflow of ¥195,000,000.00 in Q1 2022, with no cash inflow from investments in Q1 2021[39] - The company's net cash flow from investing activities was 96,566,049.14 RMB, compared to a negative cash flow of 18,806,185.34 RMB in the previous period[40] - The net cash flow from financing activities was 80,000,000.00 RMB, compared to 4,106,740.55 RMB in the previous period, indicating a significant increase[40] - Cash flow from financing activities resulted in a net inflow of 81,990,000.00, compared to 26,737,250.00 in the same period last year, reflecting improved financing conditions[53] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,897,637,585.37, a slight increase of 0.13% from the previous year[9] - The total current assets reached ¥2,718,971,828.50, slightly down from ¥2,778,882,556.64, indicating a decrease of about 2.2% year-over-year[27] - The company's inventory increased to ¥463,893,524.43 from ¥404,696,819.41, reflecting a rise of approximately 14.6%[27] - The total liabilities decreased to ¥547,542,105.36 from ¥555,379,755.79, indicating a reduction of approximately 1.5%[30] - The company's equity remained stable with total equity at ¥3,350,095,480.01, consistent with the previous year[30] - The accounts receivable decreased to ¥331,294,401.67 from ¥361,872,178.95, representing a decline of about 8.4%[23] - The company reported a significant reduction in short-term borrowings, which increased to ¥80,067,555.56 from zero in the previous year[30] - The total liabilities of the company amounted to 213,009,984.98 RMB, compared to 92,594,166.07 RMB in the previous period, showing a substantial increase[45] - The total assets of the company rose to 2,762,160,064.76 RMB from 2,635,214,400.43 RMB, reflecting an increase of about 4.83%[45] Operational Efficiency - The decrease in revenue was primarily due to a decline in orders for the tower flange business[10] - The company's long-term equity investments slightly increased to ¥73,592,571.32 from ¥73,541,352.25, showing a marginal growth of about 0.1%[27] - Research and development expenses decreased to 2,372,089.86 from 2,474,046.38, showing a reduction in R&D spending[48] - The company reported a decrease in financial expenses to 662,666.93 from 2,768,375.92, indicating improved cost management[48] - The company's operating profit for the current period is 8,863,248.10, an increase of 54.8% compared to 5,751,599.24 in the previous period[48] - Net profit reached 6,529,845.42, up 11.7% from 5,842,488.55 in the same period last year[48] - The company achieved a significant investment income of 1,398,547.84, compared to 0.00 in the previous period, indicating successful investment strategies[48] - The total operating revenue from sales reached 77,975,251.08, an increase from 71,022,542.25 in the previous year[51]

Dividend and Share Capital - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling approximately 33.91 million CNY, which represents 7.67% of the net profit attributable to shareholders[6]. - The company intends to increase its share capital by 3 shares for every 10 shares held, resulting in a total of 101.74 million new shares, increasing the total share capital to approximately 440.86 million shares[6]. - The company’s total share capital as of December 31, 2021, was 339.12 million shares[6]. Financial Performance - The company's operating revenue for 2021 was ¥2,293,483,157.02, a decrease of 3.82% compared to ¥2,384,509,836.09 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥441,907,178.50, down 4.59% from ¥463,145,848.29 in 2020[26]. - The net profit after deducting non-recurring gains and losses was ¥275,760,012.38, a significant decline of 31.43% compared to ¥402,169,221.72 in 2020[26]. - The company's total assets increased by 44.79% to ¥3,892,616,001.56 at the end of 2021, up from ¥2,688,453,208.85 at the end of 2020[26]. - The net assets attributable to shareholders rose by 119.23% to ¥3,337,236,245.77 at the end of 2021, compared to ¥1,522,270,992.06 at the end of 2020[26]. - The basic earnings per share for 2021 was ¥1.5586, a decrease of 4.59% from ¥1.6335 in 2020[26]. - The weighted average return on net assets for 2021 was 21.39%, down 13.10 percentage points from 34.49% in 2020[26]. - The net cash flow from operating activities for 2021 was ¥325,507,733.94, an increase of 34.24% compared to ¥242,489,418.99 in 2020[26]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy and completeness of the financial statements[5]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[8]. - The company’s financial report is available for public disclosure through designated media and the Shanghai Stock Exchange website[21]. Market and Industry Insights - In 2021, the company's main product, wind turbine tower flanges, accounted for 72.15% of its total revenue, highlighting the significant reliance on the wind energy sector[45]. - The offshore wind power market is expected to grow significantly, with the company positioning itself to meet the increasing demand for large circular forgings in this sector[46]. - The company is a significant supplier of ring forgings for offshore wind power towers, benefiting from the growing demand in the wind energy sector due to national carbon neutrality goals[132]. - The domestic wind power installed capacity continues to grow steadily, driven by government support and increasing market demand for large ring forgings[132]. Strategic Initiatives - The company plans to expand its production capacity with projects including an annual output of 50,000 tons of 12MW offshore wind turbine large precision forgings and 4,000 sets of large wind turbine bearing production lines, aiming for trial production in mid-2022[38]. - The company has divested from its optical vacuum chamber business to focus on its core wind energy operations, reflecting a strategic shift towards higher value-added products[37][52]. - The company aims to enhance its product structure and quality, focusing on high-end equipment manufacturing in clean energy sectors, particularly offshore wind power and gas turbines[137]. Risk Factors - The company has outlined potential risks in its future development plans, emphasizing the need for investors to be aware of investment risks[10]. - The company faces risks related to market demand fluctuations, particularly in the wind power sector, which could impact its core business[153]. - Raw material price volatility, especially in steel, poses a significant risk to the company's operating performance[154]. - The ongoing COVID-19 pandemic may disrupt production and operational activities, impacting supply chain and market development efforts[155]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with laws and regulations, and enhancing risk management and information disclosure[166]. - The board of directors and supervisory board operate independently, ensuring that the company maintains its independence in financial, personnel, and operational aspects[170]. - The company has committed to maintaining independent financial management, including separate bank accounts and independent tax obligations[174]. Research and Development - The company has a strong focus on R&D, recognized as a high-tech enterprise, and has established a provincial-level technology center[64]. - Total R&D expenses amounted to RMB 88.24 million, representing 3.85% of operating revenue, with no capitalized R&D expenditures[98]. - The company is enhancing its talent pool by recruiting experienced professionals in bearing manufacturing to support new projects and technology development[40]. Shareholder Engagement - The company actively engages with investors through various channels to ensure timely communication and protect investor interests[173]. - The company has committed to minimizing related party transactions and ensuring fair market practices in unavoidable transactions[177].

Financial Performance - The company's operating revenue for Q3 2021 was ¥538,247,949.19, a decrease of 13.91% compared to the same period last year[7] - The net profit attributable to shareholders for Q3 2021 was ¥93,964,633.65, down 28.83% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥91,653,614.31, a decrease of 29.83% compared to the previous year[7] - Total operating revenue for the first three quarters of 2021 reached ¥1,730,022,307.79, an increase from ¥1,675,141,325.16 in the same period of 2020, representing a growth of approximately 3.3%[32] - Net profit for the first three quarters of 2021 was ¥336,883,866.41, up from ¥306,563,896.90 in 2020, indicating a growth of approximately 9.8%[36] - The company reported a total comprehensive income of ¥1,337,957,710.30 for the first three quarters of 2021, compared to ¥306,314,531.20 in 2020, representing a substantial increase of approximately 337.5%[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,010,028,228.75, an increase of 49.16% compared to the end of the previous year[10] - The company's total liabilities amounted to ¥776,345,532.42 in 2021, down from ¥1,141,782,310.66 in 2020, showing a decrease of about 31.9%[32] - The total current liabilities decreased to RMB 707,768,046.91 from RMB 1,037,207,845.81, showing a reduction of about 31.7%[30] - The company's inventory decreased to RMB 371,509,578.01 from RMB 534,007,822.46 year-over-year, reflecting a reduction of approximately 30.5%[27] - Long-term equity investments increased to RMB 386,118,016.74 from RMB 332,141,999.09, representing a growth of approximately 16.3%[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,742[16] - The largest shareholder, Cheng Lixin, holds 76,847,680 shares, accounting for 29.00% of total shares[16] - The second-largest shareholder, Zhou Hongliang, holds 23,719,280 shares, representing 8.95% of total shares[16] - Jining Urban Investment Holding Group Co., Ltd. holds 18,549,440 shares, which is 7.00% of total shares[16] - The total number of shares held by the top ten shareholders includes significant stakes from both domestic and foreign entities[16] - The total number of shares held by shareholders with unrestricted conditions is significant, indicating a stable shareholder base[16] Cash Flow and Financing Activities - The cash flow from operating activities for the year-to-date was ¥204,959,597.29, an increase of 4.50% year-on-year[7] - The company's cash and cash equivalents reached RMB 1,806,083,164.25, compared to RMB 294,752,616.18 as of December 31, 2020, indicating a substantial increase[27] - The net amount raised from the private placement of shares was RMB 1,454,395,759.94 after deducting issuance costs of RMB 19,299,515.14[23] - Cash inflows from financing activities totaled $1,977,747,779.42, a substantial increase from $311,670,000.00[43] - Net cash flow from financing activities was $1,372,178,460.43, recovering from a negative $100,428,134.79[43] - The ending cash and cash equivalents balance was $1,734,816,184.48, up from $249,488,137.35, reflecting a significant increase[43] Strategic Plans and Developments - The company plans to expand its market presence and enhance product development in response to the current financial performance[11] - The company has approved multiple proposals for a non-public offering of A-shares throughout 2021, indicating plans for capital raising[20] - The company has engaged in discussions regarding the feasibility of using raised funds for specific projects, reflecting strategic financial planning[20] - The company plans to utilize the raised funds for business expansion and technological development, aiming to strengthen its market position[23] - The company has made revisions to its non-public offering plans, suggesting adaptability in its financial strategy[20] Investment and Research - Research and development expenses for the first three quarters of 2021 were ¥63,207,723.99, slightly lower than ¥61,340,615.85 in 2020, indicating a marginal increase of about 3%[36] - The company recorded an investment income of ¥29,137,314.17 in 2021, compared to no investment income in 2020, marking a significant turnaround[36]