| 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2023-074 | | --- | --- | --- | | 债券代码：113636 | 债券简称：甬金转债 | | 甬金科技集团股份有限公司 关于完成公司名称变更并换发营业执照的公告 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法律责任。 甬金科技集团股份有限公司（以下简称"公司"）于2023年7月18日召开了2023 年第一次临时股东大会，审议通过了《关于拟变更公司名称并修订公司章程的议 案》（相关事项详见公告：2023-057、2023-064）。近日，上述更名事项已完成工 商变更登记手续，并取得浙江省市场监督管理局换发的《营业执照》，变更后的 登记信息如下： 公司名称：甬金科技集团股份有限公司 统一社会信用代码：91330700753962378R 类型：其他股份有限公司（上市） 住所：浙江兰溪经济开发区创业大道99号 2 1 出口代理（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。（分 支机构经营场所设在:浙江省兰溪市灵洞乡耕头畈999号） 特 ...

| 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2023-044 | | --- | --- | --- | | 债券代码：113636 | 债券简称：甬金转债 | | 浙江甬金金属科技股份有限公司 关于召开 2022 年度业绩说明会的补充公告 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法律责任。 重要内容提示： ●会议时间：2023年5月11日（星期四）15:00-16:00 ●会议地点：同花顺"同顺路演"（网址：http://board.10jqka.com.cn/ir） ●会议方式：自行视频录制+网络文字互动 一、说明会类型 浙江甬金金属科技股份有限公司（以下简称"公司"）于2023年4月14日在 上海证券交易所网站披露了《2022年年度报告》及其摘要。为加强与投资者的深 入交流，使投资者更加全面、深入地了解公司情况，公司拟以自行视频录制+网 络文字互动的方式召开2022年度业绩说明会，欢迎广大投资者积极参与。 二、说明会召开的时间、地点、方式 本次说明会将于2023年5月11日（星期四）15:00-16:0 ...

●会议地点：同花顺"同顺路演"（网址：http://board.10jqka.com.cn/ir） ●会议方式：网络文字互动 一、说明会类型 浙江甬金金属科技股份有限公司（以下简称"公司"）于2023年4月14日在 上海证券交易所网站披露了《2022年年度报告》及其摘要。为加强与投资者的深 入交流，使投资者更加全面、深入地了解公司情况，公司拟以网络文字互动的方 式召开2022年度业绩说明会，欢迎广大投资者积极参与。 | 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2023-043 | | --- | --- | --- | | 债券代码：113636 | 债券简称：甬金转债 | | 浙江甬金金属科技股份有限公司 关于召开 2022 年度业绩说明会的公告 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法律责任。 重要内容提示： ●会议时间：2023年5月11日（星期四）15:00-16:00 1.投资者可于2023年5月11日15:00-16:00通过登陆同花顺"同顺路演"（网 1 址：http://board.10jq ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 7,486,566,454.20, a decrease of 9.38% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 93,881,154.95, down 28.26% year-on-year[4] - The basic earnings per share decreased by 50.00% to CNY 0.28[4] - The net profit for Q1 2023 was CNY 118,881,850.99, a decrease of 22.3% compared to CNY 153,028,949.79 in Q1 2022[18] - The total revenue from operating activities was CNY 8,193,245,705.86, down 6.3% from CNY 8,746,762,310.56 in the same period last year[21] - The operating profit for Q1 2023 was CNY 146,500,832.72, a decline of 23.4% from CNY 191,120,197.05 in Q1 2022[18] - The company reported a total comprehensive income of CNY 118,252,134.87, down 22.2% from CNY 152,146,701.50 in the previous year[19] - Basic and diluted earnings per share were both CNY 0.28, a decrease of 50% from CNY 0.56 in Q1 2022[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,499,453,122.57, an increase of 18.46% from the end of the previous year[5] - Total assets reached CNY 12,499,453,122.57 as of March 31, 2023, compared to CNY 10,551,753,233.97 at the end of 2022, marking a growth of 18.43%[17] - Total liabilities increased to CNY 6,391,907,937.83 as of March 31, 2023, from CNY 5,744,870,836.16 at the end of 2022, reflecting an increase of 11.31%[16] - The company's equity attributable to shareholders rose to CNY 5,286,747,345.46 as of March 31, 2023, compared to CNY 4,014,590,333.23 at the end of 2022, an increase of 31.66%[17] - The company's short-term borrowings increased to CNY 1,070,369,746.17 as of March 31, 2023, compared to CNY 908,858,044.54 at the end of 2022, an increase of 17.73%[16] Cash Flow - Cash flow from operating activities was CNY 39,629,331.14, with no applicable year-on-year comparison[4] - The cash flow from operating activities generated a net inflow of CNY 39,629,331.14, compared to a net outflow of CNY 633,607,764.07 in Q1 2022[22] - The cash flow from financing activities showed a net inflow of CNY 1,368,765,378.60, compared to CNY 414,562,960.75 in the same quarter last year[23] - The net cash flow from financing activities increased by 230.17%, attributed to the non-public offering of shares[8] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents by 150.96% due to the non-public offering of new shares[7] - Cash and cash equivalents increased significantly to CNY 2,060,567,210.59 as of March 31, 2023, compared to CNY 821,070,727.20 at the end of 2022, representing a growth of 150.45%[14] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 1,781,222,012.44, an increase from CNY 736,495,570.88 at the end of Q1 2022[23] - The company experienced a foreign exchange impact of CNY 1,734,254.00 on cash and cash equivalents during the quarter[23] Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 7,352,549,192.10, down from CNY 8,087,996,292.39 in Q1 2022, reflecting a reduction of 9.09%[17] - Research and development expenses for Q1 2023 were CNY 155,682,642.19, slightly down from CNY 155,739,192.01 in Q1 2022[17] - The company reported a net investment loss of CNY 852,420.02 in Q1 2023, compared to a profit of CNY 4,948,821.33 in Q1 2022[17] Government Subsidies - The company received government subsidies amounting to CNY 8,667,414.24, which are closely related to its normal business operations[6] Financial Assets - The company experienced a 100% decrease in trading financial assets, primarily due to the maturity of structured deposits[7]

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 5 CNY per 10 shares to all shareholders, totaling approximately 190.22 million CNY (including tax) based on a total share capital of 382,448,858 shares as of April 13, 2023[6]. - The total cash dividend amount, including the repurchase of shares, is 250,310,371.6 RMB, which accounts for 51.44% of the net profit attributable to ordinary shareholders in the consolidated financial statements[133]. - The company has confirmed that the cash dividend policy complies with the company's articles of association and shareholder resolutions, ensuring clarity and completeness in decision-making processes[130]. - The company has implemented a cash dividend policy, distributing a total of 186,496,320 yuan in cash dividends and increasing capital stock by 104,904,180 shares during the reporting period[128]. - The company is set to implement a three-year shareholder dividend return plan from 2022 to 2024[114]. Financial Performance - In 2022, the company's operating revenue reached RMB 39.55 billion, a year-on-year increase of 26.11%[23]. - The net profit attributable to shareholders was RMB 486.62 million, a decrease of 17.67% compared to the previous year[23]. - The net cash flow from operating activities was RMB 631.05 million, down 23.59% from the previous year[23]. - The company's total assets at the end of 2022 were RMB 105.52 billion, a 6.93% increase from the end of 2021[23]. - The basic earnings per share decreased to RMB 1.45, down 17.61% from the previous year[24]. - The weighted average return on equity decreased to 12.52%, down 5.09 percentage points from the previous year[24]. - The gross profit margin for stainless steel processing decreased by 11.48 percentage points to 4.56%[53]. - The company achieved revenues of 20.44 billion, 31.37 billion, and 39.56 billion CNY in 2020, 2021, and 2022 respectively, with net profits of 414.44 million, 591.09 million, and 486.62 million CNY[93]. Production and Capacity - The company produced 2.4744 million tons of products in 2022, representing a year-on-year growth of 15.95%[30]. - The sales volume for the year was 2.4736 million tons, an increase of 17.98% year-on-year[30]. - The company has an annual production capacity exceeding 2.4 million tons of cold-rolled stainless steel products[39]. - The planned production and sales volume of cold-rolled stainless steel for 2023 is 2.8 million tons, an increase of approximately 13% year-on-year[87]. - The company is developing a titanium alloy project with an annual production capacity of 60,000 tons, with the first phase expected to start construction in May 2023 and reach trial production in Q1 2024[35]. Research and Development - The company invested CNY 727,799,928.29 in R&D, which is an increase of 31.22% from the previous year[50]. - The company has ongoing research and development for materials used in hydrogen fuel cell plates and solar photovoltaic panels[30]. - The company has developed four high-tech products, including "precision cold-rolled ultra-thin stainless steel strip," recognized as high-tech products[44]. - The company is diversifying its product offerings by planning a new project for battery casing materials with an annual production capacity of 225,000 tons, expected to enter trial production in Q1 2024[35]. Environmental Responsibility - The company invested approximately 12,470.19 million RMB in environmental protection during the reporting period, demonstrating its commitment to social responsibility[144]. - The company has established a comprehensive environmental monitoring system, with online monitoring for key pollutants at wastewater discharge points[165]. - The company reported zero major environmental pollution incidents during the reporting period, with all major pollutant emissions below government-approved limits[162]. - The company continues to promote clean production practices, enhancing energy utilization and water recycling rates[163]. - The company has implemented carbon reduction measures, resulting in a decrease of 41,849 tons of CO2 equivalent emissions[167]. Governance and Compliance - The company has established a comprehensive regulatory system in accordance with the Company Law and Securities Law, enhancing its governance and operational standards[98]. - The board consists of 9 directors, including 3 independent directors, ensuring compliance with legal requirements[99]. - The company has implemented strict information disclosure practices to ensure transparency and prevent insider trading[99]. - The company has a structured approach to governance with dedicated committees for audit, compensation, strategy, and nominations[98]. - The company has confirmed that there are no significant related party transactions during the reporting period, except those disclosed in the prospectus[192]. Market Expansion and Strategy - The company plans to expand its overseas business in line with the national "Belt and Road" development strategy to enhance its international competitiveness[86]. - The company plans to strengthen brand promotion and expand sales channels, particularly in overseas markets, to enhance brand recognition[88]. - The company is focused on maintaining its listing status and ensuring that share distribution meets regulatory requirements[173]. - The company plans to utilize the proceeds from a non-public offering for new projects and working capital[103]. Employee and Management - The company reported a total of 3,036 employees, with 2,360 in production, 95 in sales, 375 in technology, 40 in finance, and 166 in administration[123][124]. - The company’s employee compensation policy emphasizes alignment with company performance, efficiency, fairness, and transparency[125]. - The company’s training plan aims to enhance business performance and organizational capability, with a structured approach to employee development[126]. - The total pre-tax remuneration for the management team amounted to 618.37 million yuan[107]. Risks and Challenges - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantial commitments to investors, highlighting investment risks[7]. - The company has described potential risks in the management discussion and analysis section of the report[10]. - The company is expanding its production capacity through fundraising projects, but faces risks related to market expansion and project implementation[94].

Financial Performance - The company's operating revenue for Q3 2022 was ¥9,389,173,004.84, representing a year-on-year increase of 12.41%[5] - The net profit attributable to shareholders for Q3 2022 was ¥48,142,741.14, a decrease of 68.26% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥40,027,883.78, down 72.65% year-on-year[5] - The basic earnings per share for Q3 2022 was ¥0.14, reflecting a decline of 78.46% compared to the previous year[7] - The diluted earnings per share for Q3 2022 was also ¥0.14, showing a decrease of 78.46% year-on-year[7] - The weighted average return on equity for Q3 2022 was 1.32%, a decrease of 70.80 percentage points compared to the same period last year[7] - Total operating revenue for the first three quarters of 2022 reached CNY 30,364,218,749.23, a significant increase from CNY 22,487,266,896.52 in the same period of 2021, representing a growth of approximately 35.5%[24] - Net profit for the third quarter of 2022 was CNY 430,348,163.20, down from CNY 524,801,317.66 in the same quarter of 2021, reflecting a decrease of approximately 18%[31] - The company reported a decrease in comprehensive income for the third quarter of 2022, totaling CNY 446,606,149.98 compared to CNY 522,653,737.75 in the same quarter of 2021, a decline of approximately 14.6%[31] - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2022 was CNY 362,420,328.47, compared to CNY 434,617,849.90 in the same period of 2021, representing a decrease of approximately 16.6%[33] - Basic and diluted earnings per share for the first three quarters of 2022 were both CNY 1.04, down from CNY 1.87 in the same period of 2021, indicating a decline of about 44.3%[33] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥11,334,769,958.53, an increase of 14.86% from the end of the previous year[7] - As of September 30, 2022, the total assets of the company reached ¥11,334,769,958.53, an increase from ¥9,868,143,744.63 at the end of 2021, representing a growth of approximately 14.8%[19] - The company's current assets totaled ¥5,005,235,492.98, up from ¥4,433,298,784.83 in the previous year, indicating an increase of about 12.9%[19] - The company's non-current assets totaled ¥6,329,534,465.55, up from ¥5,434,844,959.80, reflecting an increase of about 16.4%[22] - Total current liabilities amounted to ¥4,652,388,512.82, compared to ¥3,475,626,234.73, indicating a rise of approximately 33.8%[22] - The total liabilities of the company increased to ¥4,652,388,512.82, which is a significant rise from the previous year[22] - The total liabilities increased to CNY 6,721,873,041.97 in 2022 from CNY 5,516,599,636.68 in 2021, representing a growth of approximately 21.8%[24] - The total equity attributable to shareholders reached CNY 3,939,969,631.19, up from CNY 3,742,388,219.74 in the previous year, indicating an increase of about 5.3%[24] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at ¥-473,982,547.71[5] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 33,103,993,062.66, an increase of approximately 33.5% from CNY 24,891,872,873.90 in the same period of 2021[33] - The net cash flow from operating activities for the first three quarters of 2022 was negative CNY 473,982,547.71, compared to a positive CNY 272,821,803.55 in the same period of 2021[35] - Cash inflow from investment activities for the first three quarters of 2022 was CNY 1,444,891,033.70, significantly higher than CNY 177,987,014.07 in the same period of 2021[35] - The net cash flow from investment activities for the first three quarters of 2022 was negative CNY 820,098,331.39, an improvement from negative CNY 1,315,427,306.07 in the same period of 2021[35] - Cash inflow from financing activities for the first three quarters of 2022 was CNY 1,337,653,938.50, compared to CNY 1,164,954,727.72 in the same period of 2021, reflecting an increase of approximately 14.8%[35] - The net cash flow from financing activities for the first three quarters of 2022 was CNY 329,168,600.02, down from CNY 427,494,023.55 in the same period of 2021, indicating a decrease of about 23%[35] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2022 was CNY 594,346,926.00, compared to CNY 417,279,772.18 at the end of the same period in 2021, representing an increase of approximately 42.5%[35] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 32,733,835,727.61 for the first three quarters of 2022, compared to CNY 24,595,001,049.19 in the same period of 2021, marking an increase of about 33.5%[33] Costs and Expenses - Total operating costs for the first three quarters of 2022 amounted to CNY 29,845,308,490.70, compared to CNY 21,839,004,399.53 in 2021, indicating an increase of about 36.7%[27] - Research and development expenses for the first three quarters of 2022 were CNY 557,474,650.86, significantly higher than CNY 248,495,164.17 in 2021, marking an increase of about 124%[27] - The financial expenses for the first three quarters of 2022 were CNY 145,339,374.37, compared to CNY 34,331,608.40 in 2021, showing a significant increase of about 323%[27] Market Conditions - The company attributed the decline in net profit for Q3 2022 to insufficient market demand and significant decreases in product market prices[11] - The company reported no significant new strategies or product developments during the conference call[16]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥20,975,045,744.39, representing a 48.39% increase compared to ¥14,134,777,143.20 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥302,090,661.66, a 6.15% increase from ¥284,584,521.92 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥293,552,910.77, up 7.97% from ¥271,892,323.02 year-on-year[22]. - The company's total assets increased by 9.14% to ¥10,769,799,892.65 from ¥9,868,143,744.63 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company rose to ¥3,886,438,885.32, a 3.85% increase from ¥3,742,388,219.74 at the end of the previous year[22]. - Basic earnings per share decreased by 26.23% to ¥0.90 from ¥1.22 in the same period last year[22]. - The weighted average return on net assets was 7.80%, down 0.92 percentage points from 8.72% in the previous year[22]. - The increase in operating revenue was primarily due to the launch of multiple new projects, increased production, and significant market price increases[22]. Production and Capacity - The production capacity of the company has exceeded 2 million tons annually, positioning it as a leading stainless steel cold-rolling enterprise in China[28]. - The company’s main products include precision cold-rolled stainless steel strips and wide cold-rolled stainless steel strips, with applications in various industries such as electronics, automotive, and construction[30]. - The company achieved a cold-rolled product inventory output of 1.2182 million tons, a year-on-year increase of 15.80%[46]. - Sales reached 1.2091 million tons, reflecting a year-on-year growth of 15.64%[46]. Research and Development - The company has been recognized as a national high-tech enterprise and has made significant advancements in R&D, including the development of a fully automated stainless steel cold-rolling production line[28]. - R&D expenses increased by 154.54% to 362 million RMB due to multiple new project launches[49]. - The company is involved in a key project for the development of ultra-thin precision stainless steel strips, which has received recognition at the provincial level[29]. Financial Position and Assets - The company's trading financial assets increased to ¥90 million, representing 0.84% of total assets, up 387.09% from the previous year due to the addition of structured deposits and wealth management products[50]. - Accounts receivable rose to ¥644.39 million, accounting for 5.98% of total assets, a 76.80% increase year-on-year, driven by increased letter of credit settlements in export business[50]. - Inventory increased by 33.90% to ¥2.12 billion, representing 19.67% of total assets, attributed to pre-production stockpiling and rising market prices[52]. - Fixed assets grew by 41.80% to ¥4.41 billion, making up 40.90% of total assets, due to the completion of multiple projects transitioning from construction in progress[52]. - Short-term borrowings surged by 91.08% to ¥830.64 million, reflecting increased working capital needs for new projects[52]. Environmental Compliance - The company reported zero major environmental pollution incidents during the reporting period, adhering to environmental regulations and maintaining pollutant emissions below government limits[78]. - Jiangsu Yongjin's hazardous waste includes waste rolling oil, stainless steel surface treatment sludge, and waste cutting fluid, all of which are disposed of by qualified third-party companies[79]. - Both Jiangsu and Guangdong Yongjin have implemented clean production practices to improve energy utilization and water reuse rates, reducing pollutant emissions[84]. - Environmental monitoring for wastewater includes parameters such as ammonia nitrogen, total nitrogen, and total phosphorus, with quarterly testing and online monitoring for certain parameters[89][91]. Shareholder and Equity Information - The company has committed to not transferring or entrusting the management of shares held before the IPO for 36 months from the date of listing[109]. - The controlling shareholders have pledged to limit their share reduction to a maximum of 1% of total shares over any 90-day period post-lockup[112]. - The company has established a long-term commitment to address related party transactions and competition issues[107]. - The company has committed to ensuring that any necessary related party transactions are conducted in compliance with legal and regulatory requirements[128]. Market and Economic Outlook - The company anticipates a recovery in demand for construction materials and home appliances in the second half of 2022, driven by the resumption of work and production[37]. - The company has identified risks related to market price fluctuations, particularly in raw material and product prices, which could adversely affect operational performance[67]. - The company is expanding its product capacity and structure through fundraising projects, although future economic benefits from these projects carry a degree of uncertainty[69].

Financial Performance - The company's operating revenue for Q1 2022 was ¥8,261,506,502.67, representing a year-on-year increase of 31.86%[5] - The net profit attributable to shareholders was ¥130,865,080.88, reflecting a growth of 17.70% compared to the same period last year[5] - The company's diluted earnings per share for the period was ¥0.56, an increase of 16.67% year-on-year[5] - Net profit for Q1 2022 was ¥153,028,949.79, compared to ¥132,063,444.45 in Q1 2021, representing a 15.9% increase[30] - Basic and diluted earnings per share for the first quarter of 2022 were both CNY 0.56, up from CNY 0.48 in the first quarter of 2021, representing a growth of 16.67%[32] Cash Flow - The net cash flow from operating activities was -¥633,607,764.07, showing a significant increase in outflow of 408.18% year-on-year[5] - Cash inflow from operating activities for the first quarter of 2022 was CNY 8,850,306,767.36, compared to CNY 6,965,323,678.23 in the same period of 2021, indicating an increase of approximately 27%[32] - Cash outflow from operating activities totaled CNY 9,483,914,531.43 in the first quarter of 2022, compared to CNY 7,090,005,651.58 in the first quarter of 2021, marking an increase of about 33.7%[32] - Cash inflow from investment activities was CNY 630,505,643.79 in the first quarter of 2022, compared to CNY 13,958,458.35 in the same period of 2021, showing a significant increase[34] - Cash outflow from investment activities reached CNY 1,171,762,184.43 in the first quarter of 2022, compared to CNY 416,812,665.26 in the first quarter of 2021, indicating a rise of approximately 180%[34] - The net cash flow from investment activities was negative CNY 541,256,540.64 in the first quarter of 2022, compared to negative CNY 402,854,206.91 in the same period of 2021[34] - Cash inflow from financing activities totaled CNY 700,647,972.00 in the first quarter of 2022, compared to CNY 291,493,400.00 in the first quarter of 2021, reflecting an increase of approximately 140%[34] - The net cash flow from financing activities was CNY 414,562,960.75 in the first quarter of 2022, compared to CNY 146,975,849.23 in the same period of 2021, indicating a growth of about 182%[34] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥10,196,838,928.08, up 3.33% from the end of the previous year[8] - The total liabilities amounted to ¥4,517,462,894.59, which is a slight increase from the previous year's figures[22] - The company's total liabilities reached ¥5,668,756,816.36, up from ¥5,516,599,636.68 in the previous year[25] - The equity attributable to shareholders of the parent company increased to ¥3,874,569,605.66 from ¥3,742,388,219.74, marking a 3.5% growth[25] - Current assets totaled ¥4,517,462,894.59, compared to ¥4,433,298,784.83 in the previous year, indicating a year-over-year increase of about 1.90%[22] - The company's cash and cash equivalents decreased to ¥1,060,026,509.27 from ¥1,720,959,705.74, representing a decline of approximately 38.34%[19] - Inventory levels rose to ¥1,946,549,662.05, up from ¥1,582,440,305.27, marking an increase of around 23.06%[21] - Short-term borrowings increased significantly to ¥835,359,544.87 from ¥434,719,250.17, reflecting a growth of approximately 92.20%[22] - The company's long-term borrowings stood at ¥947,700,005.77, slightly up from ¥938,998,654.15 in the previous year[25] Research and Development - The company's R&D expenses increased by 149.80%, primarily due to higher investment in new product development[11] - Research and development expenses for Q1 2022 were ¥155,739,192.01, significantly higher than ¥62,346,745.97 in Q1 2021, indicating a focus on innovation[30] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,759[12] - The company has not disclosed any related party transactions among the top ten shareholders[22] Other Financial Metrics - The weighted average return on net assets decreased by 0.03 percentage points to 3.44%[5] - The company reported a decrease in other comprehensive income, with a net amount of -¥882,248.29 in Q1 2022 compared to ¥908,631.61 in Q1 2021[30] - The total comprehensive income attributable to minority shareholders for the first quarter of 2022 was CNY 21,884,245.85, compared to CNY 21,139,676.14 in the same period of 2021, reflecting an increase of approximately 3.5%[32]

Financial Performance - The company's operating revenue for 2021 was CNY 3,136,596.65 million, representing a year-on-year increase of 53.43%[24]. - The net profit attributable to shareholders was CNY 59,109.24 million, up 42.62% compared to the previous year[24]. - The total assets increased by 59.00% year-on-year, reaching CNY 986,814.37 million[24]. - Basic earnings per share rose to CNY 2.55, a 41.67% increase from the previous year[25]. - The net cash flow from operating activities was CNY 82,591.46 million, a year-on-year increase of 8.35%[24]. - The company achieved a revenue of CNY 31.37 billion in 2021, representing a year-on-year growth of 53.43%[71]. - The net profit attributable to shareholders reached CNY 591 million, an increase of 42.62% compared to the previous year[71]. - Total assets amounted to CNY 9.87 billion, reflecting a growth of 59.00% year-on-year[71]. Dividend and Capital Increase - The company plans to distribute a cash dividend of 8 CNY per 10 shares (including tax) and to increase capital by converting 4.5 shares for every 10 shares held, totaling a cash dividend of 186,496,320 CNY and a capital increase of 104,904,180 shares[6]. - The total share capital as of April 11, 2022, is 233,120,400 shares, which will be used as the basis for the dividend distribution[200]. - The profit distribution plan aligns with the company's long-term interests and does not harm the interests of investors[200]. - The profit distribution and capital reserve increase plan has been approved by the company's fifth board of directors and is pending approval from the 2021 annual general meeting[200]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has established a robust governance structure, ensuring compliance with legal regulations and protecting shareholder rights[141]. - The company has not faced any penalties from securities regulatory authorities in the past three years[172]. Risk Management - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors, highlighting investment risks[7]. - The company has disclosed potential risks in the management discussion and analysis section of the report[8]. - The company acknowledges potential risks in market expansion and project implementation, which could affect future profitability[138]. - The company faces risks related to market price fluctuations, particularly in raw materials, which significantly impact operational costs[133]. Research and Development - The company invested CNY 554.65 million in R&D, which is a 154.72% increase from the previous year[73]. - The company has developed 32 sets of 1350mm reversible precision cold rolling mills, significantly reducing procurement and maintenance costs[67]. - The company has 201 R&D personnel, accounting for 7.76% of the total workforce[98]. - The company has been recognized as a national high-tech enterprise and has received multiple awards for its technological advancements[62]. Production and Sales - The production volume for 2021 was 2,134,100 tons, reflecting a year-on-year growth of 28.08%[35]. - The sales volume for the company's products reached 2,096,600 tons, an increase of 26.59% year-on-year[35]. - The company’s precision cold-rolled stainless steel ultra-thin strips have been recognized as a national torch program project[62]. - The company has an annual production capacity exceeding 2 million tons of cold-rolled stainless steel products[54]. Strategic Initiatives - The company plans to complete the "annual production capacity of 250,000 tons of precision stainless steel strip project" in Vietnam by March 2022, overcoming challenges posed by the pandemic[46]. - The company aims to enhance its core competitiveness and team cohesion through continuous improvement of corporate culture and employee skills[42]. - The company is actively pursuing mergers and acquisitions to enhance its competitive position in the market[160]. - The company plans to expand its market presence and is focusing on new product development and technological advancements[160]. Employee and Management - The total number of employees in the parent company is 691, while the total number of employees in major subsidiaries is 1,899, resulting in a combined total of 2,590 employees[194]. - The company’s compensation policy emphasizes alignment of employee income with corporate performance, efficiency, fairness, and transparency[195]. - The company’s training program is designed to enhance business performance and organizational capability, focusing on key annual goals[198]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to ¥5,859,480.60[171]. Market and Customer Engagement - The company expanded its customer base, successfully developing relationships with well-known clients such as Galanz and Haier[36]. - The top five customers contributed 1,149,001.58 million in sales, representing 36.63% of total annual sales[92]. - The company employs a sales model that typically requires a 10%-20% deposit from customers, minimizing overdue payment risks[60]. - The company is focusing on enhancing its supply chain capabilities to support expansion efforts[160].

Financial Performance - The company's operating revenue for Q3 2021 was ¥8,352,489,753.32, representing a year-on-year increase of 46.70%[6] - The net profit attributable to shareholders for the same period was ¥151,664,857.47, up 47.77% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥146,549,209.88, reflecting a 57.67% increase compared to the previous year[6] - Basic earnings per share for Q3 2021 were ¥0.65, an increase of 47.73% compared to the same period last year[8] - Total operating revenue for the first three quarters of 2021 reached ¥22,487,266,896.52, a significant increase of 64.9% compared to ¥13,619,569,582.40 in the same period of 2020[31] - Net profit for the first three quarters of 2021 was ¥524,801,317.66, representing a 71.8% increase from ¥305,486,742.15 in the previous year[34] - Basic earnings per share for the first three quarters of 2021 were ¥1.87, compared to ¥1.12 in the same period of 2020[36] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥272,821,803.55, showing a significant increase of 159.11% year-on-year[6] - Cash flow from operating activities was ¥24,595,001,049.19, an increase from ¥15,164,269,067.61 in the first three quarters of 2020[36] - Net cash flow from operating activities was CNY 272,821,803.55, up from CNY 105,292,297.77[39] - Operating cash inflow totaled CNY 24,891,872,873.90, an increase from CNY 15,616,046,025.25[39] - Operating cash outflow amounted to CNY 24,619,051,070.34, compared to CNY 15,510,753,727.48 in the previous period[39] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,347,880,486.86, marking a 34.50% increase from the end of the previous year[8] - The company's current assets totaled RMB 3,316,287,168.92, up from RMB 2,596,565,434.39, indicating a growth of about 27.7%[26] - The company's total liabilities amounted to RMB 4,344,073,436.78, compared to RMB 2,596,542,226.98, marking an increase of around 67.2%[29] - The total assets and shareholders' equity increased to ¥8,347,880,486.86 and ¥4,003,807,050.08 respectively, compared to ¥6,206,491,959.84 and ¥3,609,949,732.86 in 2020[31] Shareholder Equity - The total equity attributable to shareholders was ¥3,434,524,193.87, reflecting a 9.14% increase compared to the previous year[8] - The equity attributable to shareholders reached RMB 3,434,524,193.87, up from RMB 3,146,796,370.40, which is an increase of about 9.1%[29] Investments and Financing - The company plans to issue convertible bonds following approval from the China Securities Regulatory Commission, which will enhance its capital structure[20] - Cash inflow from financing activities totaled CNY 1,164,954,727.72, compared to CNY 384,721,599.50 in the prior period[39] - Net cash flow from financing activities was CNY 427,494,023.55, a recovery from a negative CNY -246,399,315.61[41] Expenses - Total operating costs for the first three quarters of 2021 were ¥21,839,004,399.53, up 64.4% from ¥13,274,723,231.67 in 2020[31] - Research and development expenses for the first three quarters of 2021 amounted to ¥248,495,164.17, up from ¥149,284,426.51 in 2020, indicating a focus on innovation[31] - The company reported a significant increase in sales expenses, which rose to ¥17,446,276.44 from ¥115,964,973.37 in the previous year, reflecting increased marketing efforts[31] Other Financial Metrics - The company reported a significant increase in non-recurring gains, including government subsidies totaling ¥7,095,865.35 for the year-to-date period[10] - The company experienced a credit impairment loss of ¥10,571,082.14, compared to a gain of ¥579,742.52 in the previous year, indicating potential challenges in credit management[34] - Other comprehensive income after tax for the first three quarters of 2021 was -¥2,147,579.91, compared to -¥1,614,142.34 in 2020, suggesting fluctuations in financial performance[36] Inventory and Receivables - Inventory increased significantly to RMB 1,349,077,153.24 from RMB 711,205,106.85, reflecting an increase of approximately 89.7%[26] - Accounts receivable rose to RMB 316,519,730.84 from RMB 128,580,736.03, representing an increase of about 146.3%[22] - The company reported a significant increase in other receivables, which rose to RMB 169,671,528.54 from RMB 58,109,464.88, indicating an increase of approximately 191.5%[22] Transparency and Governance - The company has not disclosed any related party transactions among the top ten shareholders, ensuring transparency in its shareholder structure[22]