证券代码：605060 证券简称：联德股份 公告编号：2023-036 杭州联德精密机械股份有限公司 关于举办 2023 年半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： 一、说明会类型 杭州联德精密机械股份有限公司（以下简称"公司"）已于 2023 年 8 月 2 日在上海证券交易所网站（www.sse.com.cn）披露了《联德股份 2023 年半年度 报告》及《联德股份 2023 年半年度报告摘要》。为便于广大投资者更加全面深 入地了解公司经营业绩、发展战略等情况，公司定于 2023 年 8 月 10 日（星期 会议召开时间：2023 年 8 月 10 日（星期四）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2023 年 8 月 10 日 前 访 问 网 址 https://eseb.cn/16MBRz4XoVa 或使用微信扫描下方小程序码进行会前提 问，公司将通过本 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥280,294,848.39, representing a year-on-year increase of 23.41%[5] - The net profit attributable to shareholders was ¥56,638,541.97, reflecting a significant growth of 51.60% compared to the same period last year[5] - Basic earnings per share rose to ¥0.24, marking a 50.00% increase year-on-year[5] - Operating profit for Q1 2023 was ¥65,092,248.06, up 56.8% from ¥41,470,720.33 in Q1 2022[21] - Net profit attributable to shareholders for Q1 2023 was ¥56,638,541.97, representing a 51.6% increase compared to ¥37,359,337.98 in Q1 2022[22] - The company reported a total comprehensive income of ¥53,169,365.22 for Q1 2023, up from ¥36,456,209.79 in Q1 2022[22] Cash Flow - The net cash flow from operating activities increased by 153.72%, amounting to ¥95,079,653.75, driven by higher cash inflows from sales[11] - Cash inflow from operating activities in Q1 2023 totaled ¥329,047,291.72, a significant rise from ¥208,600,547.23 in Q1 2022[23] - The net cash flow from operating activities was 95,079,653.75, an increase from 37,474,259.46 in the previous year, representing a growth of approximately 153%[25] - Total cash outflow from operating activities amounted to 233,967,637.97, compared to 171,126,287.77 in the same period last year, indicating an increase of about 37%[25] - The net cash flow from investment activities was 230,011,359.03, compared to 185,756,629.46 in the previous year, showing an increase of around 24%[25] - Cash inflow from financing activities totaled 119,837,500.00, up from 100,000,000.00, marking an increase of 20%[26] - The net cash flow from financing activities was -41,906,310.14, worsening from -23,495,244.80 in the previous year[26] - The net increase in cash and cash equivalents was 281,074,364.24, compared to 199,351,641.12 in the previous year, representing an increase of approximately 41%[26] - The ending balance of cash and cash equivalents was 860,768,678.30, up from 549,633,754.02, indicating a growth of about 56%[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,640,518,869.33, a slight increase of 0.25% from the end of the previous year[6] - The company's current assets totaled RMB 1,521,366,579.96, a decrease from RMB 1,583,497,362.67 at the end of 2022[18] - Total liabilities decreased to RMB 515,202,803.86 from RMB 564,137,878.84, a reduction of about 8.7%[19] - The company's equity attributable to shareholders increased to RMB 2,118,361,013.27 from RMB 2,062,219,134.05, reflecting a growth of approximately 2.7%[19] - The company's accounts receivable decreased to RMB 311,797,543.78 from RMB 362,381,375.78, a decline of about 13.9%[17] - Inventory levels rose to RMB 222,877,951.70 from RMB 203,517,223.61, indicating an increase of approximately 9.3%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,866[13] - The largest shareholder, Hangzhou LianDe Holdings Co., Ltd., holds 33.52% of the shares, totaling 80,863,200 shares[13] Other Financial Metrics - The weighted average return on equity increased by 0.74 percentage points to 2.71%[6] - The net profit excluding non-recurring gains and losses was ¥49,143,798.40, up 39.68% year-on-year[10] - The company reported non-recurring gains totaling ¥7,494,743.57 for the period[9] - Research and development expenses for Q1 2023 amounted to ¥15,228,120.69, slightly up from ¥14,767,077.00 in Q1 2022[21] - Other income for Q1 2023 was ¥5,910,313.81, compared to ¥658,926.15 in Q1 2022, indicating a substantial increase[21] - The company experienced a decrease in investment income, reporting a loss of ¥315,139.67 in Q1 2023 compared to a gain of ¥1,408,077.09 in Q1 2022[21] Accounting Standards - The company has adopted new accounting standards starting in 2023, which may affect the financial statements[26]

Financial Performance - Revenue in 2022 reached 1,120,618,592.51 RMB, a year-on-year increase of 40.29%[25] - Net profit attributable to shareholders in 2022 was 247,743,977.95 RMB, up 54.27% compared to 2021[25] - Basic earnings per share in 2022 increased by 47.14% to 1.03 RMB per share[26] - Weighted average return on equity (ROE) in 2022 was 12.62%, an increase of 3.10 percentage points from 2021[26] - Total assets at the end of 2022 were 2,633,861,922.57 RMB, a year-on-year increase of 16.16%[25] - Operating cash flow in 2022 was 188,812,038.24 RMB, a slight decrease of 1.40% compared to 2021[25] - Non-recurring gains and losses in 2022 amounted to 16,329,157.20 RMB, a decrease from 23,478,838.82 RMB in 2021[32] - Revenue in Q4 2022 was 304,203,030.23 RMB, contributing significantly to the annual total[29] - Net profit attributable to shareholders in Q3 2022 was the highest at 78,895,225.83 RMB[29] - Revenue in 2022 reached 1.121 billion yuan, a year-on-year increase of 40.29%[36] - Net profit attributable to shareholders, excluding non-recurring gains and losses, was 231 million yuan, up 68.78% year-on-year[36] - The current ratio as of December 31, 2022, was 3.09 times, with net cash flow from operating activities of 189 million yuan[36] - Revenue for 2022 reached 1.12 billion yuan, a year-on-year increase of 40.29%[56] - Net profit attributable to shareholders in 2022 was 248 million yuan, up 54.27% year-on-year[56] - Total assets as of December 31, 2022, were 2.634 billion yuan, a 16.16% increase from the previous year[56] - Operating cash flow for 2022 was 188.81 million yuan, a slight decrease of 1.40% compared to the previous year[58] - R&D expenses in 2022 were 57.15 million yuan, a 9.26% increase from the previous year[58] - Revenue from general equipment manufacturing increased by 40.22% to 1,119,487,042.71 RMB, with a gross margin of 36.44%[61] - Compressor parts revenue grew by 21.56% to 734,533,581.42 RMB, with a gross margin increase of 2.12 percentage points[62] - Engineering machinery parts revenue surged by 93.98% to 279,065,807.10 RMB, with a gross margin increase of 7.02 percentage points[62] - Overseas revenue increased by 63.78% to 434,397,505.82 RMB, with a gross margin increase of 11.75 percentage points[62] - Production volume of engineering machinery parts increased by 556.31% to 1,052,400 units[64] - Sales volume of engineering machinery parts increased by 572.82% to 881,503 units[64] - R&D investment totaled 57,150,691.75 RMB, accounting for 5.10% of total revenue[71] - The company has 175 R&D personnel, representing 9.72% of the total workforce[72] - Top five customers accounted for 66.83% of total sales, totaling 748,897,400 RMB[69] - Top five suppliers accounted for 32.43% of total procurement, totaling 133,887,800 RMB[69] - R&D personnel age structure: 72 under 30, 65 aged 30-40, 17 aged 40-50, 18 aged 50-60, and 3 aged 60 and above[73] - Operating cash inflow increased by 18.64% to 987,287,720.58 RMB, while outflow increased by 24.63% to 798,475,682.34 RMB, resulting in a net operating cash flow decrease of 1.40% to 188,812,038.24 RMB[74] - Investment cash inflow decreased by 27.35% to 1,372,014,396.80 RMB, and outflow decreased by 47.74% to 1,379,165,509.84 RMB, leading to a net investment cash flow of -7,151,113.04 RMB[74] - Financing cash inflow decreased by 61.85% to 377,576,713.45 RMB, while outflow increased by 67.10% to 366,668,609.14 RMB, resulting in a net financing cash flow decrease of 98.58% to 10,908,104.31 RMB[74] - Monetary funds increased by 65.91% to 588,233,337.20 RMB, accounting for 22.33% of total assets[76] - Accounts receivable increased by 35.68% to 362,381,375.78 RMB, accounting for 13.76% of total assets[76] - Short-term loans increased by 151.70% to 251,698,311.77 RMB, accounting for 9.56% of total assets[76] - Overseas assets amounted to 299,402,969.05 RMB, accounting for 11.37% of total assets[77] - Restricted assets: monetary funds 8,539,023.14 RMB, accounts receivable 18,112,827.52 RMB, fixed assets 35,300,568.90 RMB, and intangible assets 21,991,323.36 RMB[80] - The company's subsidiary, Tongxiang Hede, achieved a net profit of 523.619 million yuan with total assets of 4.56019 billion yuan and net assets of 3.641486 billion yuan[83] - The company's subsidiary, Haining Hongde, achieved a net profit of 355.891 million yuan with total assets of 4.795086 billion yuan and net assets of 3.525171 billion yuan[83] - The company's subsidiary, Richland, achieved a net profit of 92.615 million yuan with total assets of 612.443 million yuan and net assets of 452.1 million yuan[83] - The company's subsidiary, Hong Kong Ruixin, achieved a net profit of 440.352 million yuan with total assets of 3.159693 billion yuan and net assets of 2.078475 billion yuan[83] - The company's subsidiary, Zhejiang Mingde, achieved a net profit of 2.083 million yuan with total assets of 2.282197 billion yuan and net assets of 2.22932 billion yuan[84] - The company's subsidiary, Liyuan Jinhe, reported a net loss of 164.006 million yuan with total assets of 2.86601 billion yuan and net assets of 198.025 million yuan[84] - The company's total assets at the end of the period were 2,069,724,043.73[116] - Total owner's equity at the end of the period reached 1,885,296,880.58, with minority interests amounting to 9,535,479.69[118] - Comprehensive income for the period was 158,524,266.97, with a net loss attributable to minority interests of 402,880.96[116] - Owner's equity increased by 861,229,544.43 due to the issuance of common stock[116] - Retained earnings decreased by 80,160,000.00 due to profit distribution[118] - Capital reserve increased by 801,229,544.43, primarily from owner contributions[116] Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 3.4 per 10 shares, totaling RMB 82,027,040 (before tax)[7] - Other payables decreased by 33.07% to RMB 15,910,844.89, mainly due to the payment of dividends from the previous period[2] Debt and Loans - Long-term loans decreased by 100% to RMB 0, as the company fully repaid its bank loans[2] - Short-term loans increased by 151.70% to 251,698,311.77 RMB, accounting for 9.56% of total assets[76] Deferred Income and Tax Liabilities - Deferred income decreased by 7.38% to RMB 5,657,737.92[2] - Deferred tax liabilities increased by 3.36% to RMB 45,206,507.21[2] Subsidiaries and Investments - The company's subsidiary, Tongxiang Hede, achieved a net profit of 523.619 million yuan with total assets of 4.56019 billion yuan and net assets of 3.641486 billion yuan[83] - The company's subsidiary, Haining Hongde, achieved a net profit of 355.891 million yuan with total assets of 4.795086 billion yuan and net assets of 3.525171 billion yuan[83] - The company's subsidiary, Richland, achieved a net profit of 92.615 million yuan with total assets of 612.443 million yuan and net assets of 452.1 million yuan[83] - The company's subsidiary, Hong Kong Ruixin, achieved a net profit of 440.352 million yuan with total assets of 3.159693 billion yuan and net assets of 2.078475 billion yuan[83] - The company's subsidiary, Zhejiang Mingde, achieved a net profit of 2.083 million yuan with total assets of 2.282197 billion yuan and net assets of 2.22932 billion yuan[84] - The company's subsidiary, Liyuan Jinhe, reported a net loss of 164.006 million yuan with total assets of 2.86601 billion yuan and net assets of 198.025 million yuan[84] R&D and Innovation - The company completed the "Annual Addition of 34,800 Sets of High-Precision Mechanical Parts Technical Transformation Project" in 2022[37] - The company and its domestic subsidiaries held 213 authorized patents, including 37 invention patents and 174 utility model patents[38] - The company achieved PLM R&D integration, driving structured, accurate, and standardized R&D data[40] - The company expanded into new business areas and actively sought international high-quality clients in 2022[41] - The company's subsidiary, Liyuan Jinhe, successfully launched a technical transformation project, establishing a new resin sand casting production line[42] - The company's holding subsidiary, Suzhou Liyuan, advanced product upgrades, customer expansion, production refinement, and cost control despite industry challenges[42] - The company's main products include precision castings for compressors, with a mature and efficient precision manufacturing technology chain[45] - The company has an annual casting capacity of 70,000 tons and sold over 1.8 million castings in 2022[55] - The company holds 213 authorized patents, including 37 invention patents and 174 utility model patents[53] - R&D expenses in 2022 were 57.15 million yuan, a 9.26% increase from the previous year[58] - The company has established long-term partnerships with global 500强 enterprises such as Johnson Controls and Caterpillar[55] - The company's sales strategy focuses on maintaining existing clients while actively developing new clients through exhibitions and visits[51] - The company employs a cost-plus pricing model, considering production costs, market competition, and profit margins[49] - R&D investment totaled 57,150,691.75 RMB, accounting for 5.10% of total revenue[71] - The company has 175 R&D personnel, representing 9.72% of the total workforce[72] - R&D personnel age structure: 72 under 30, 65 aged 30-40, 17 aged 40-50, 18 aged 50-60, and 3 aged 60 and above[73] Future Plans and Strategies - The company plans to accelerate the implementation of the "High-Precision Mechanical Parts Production Construction Project" in 2023, aiming to expand production scale and enhance production capacity[89] - The company will focus on technological innovation, continuously improving existing product technologies and processes, and developing new technologies to enhance automation and production efficiency[89] - The company aims to implement MES and SAP ERP systems to achieve digital, transparent, and lean operations, significantly reducing waste and losses[90] - The company will continue to deepen its presence in the compressor parts sector while increasing R&D investment in engineering machinery and energy equipment to explore new market opportunities[90] - The company will increase investment in internal control system construction and innovation to further reduce internal control risks and ensure sustainable, safe, and rapid development[91] Risks and Challenges - The company faces risks from raw material price fluctuations, including castings, pig iron, scrap steel, furan resin, and machine tool consumables, which could impact profitability if prices rise unexpectedly[92] - Trade friction risks, particularly from U.S. tariffs on Chinese products, could affect the company's performance if additional tariff costs cannot be transferred to customers[93] - Exchange rate fluctuations pose a risk as the company has a significant proportion of overseas revenue, primarily settled in USD, which could lead to exchange losses if the RMB appreciates[94] - The company has a high concentration of clients, particularly in the commercial air conditioning and air compressor industries, which could significantly impact performance if major clients reduce purchases[95] Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure, including a board of directors with specialized committees, to ensure effective decision-making and oversight[97] - The company strictly adheres to regulations regarding shareholder meetings, ensuring equal rights and participation for all shareholders, including minority shareholders[98] - The company maintains strict control over insider information and conducts regular training to prevent insider trading and protect shareholder interests[99] - The company has implemented measures to ensure independence from its controlling shareholder, including clear separation in personnel, assets, finance, and operations[98] - The company has a robust system for information disclosure and investor relations, ensuring transparency and timely communication with stakeholders[99] - The company's 2022 annual report was reviewed and approved, including the 2021 annual report and profit distribution plan[103] - The company's 2022 restricted stock incentive plan and its implementation assessment measures were approved[103] - The company's 2021 financial final accounts report was approved[103] - The company's board of directors and senior management personnel did not hold any shares during the reporting period[105] - The company's chairman and general manager, Sun Yuan, received a pre-tax remuneration of 1.1511 million yuan[105] - The company's vice chairman, Zhu Qinghua, received a pre-tax remuneration of 803,500 yuan[105] - The company's director and vice president, Wu Hongbao, received a pre-tax remuneration of 833,000 yuan[105] - The company's director and vice president, Zhou Guifu, received a pre-tax remuneration of 874,900 yuan[105] - The company's independent directors each received a pre-tax remuneration of 90,000 yuan[105] - The company's financial director, Yang Xiaoyu, received a pre-tax remuneration of 582,000 yuan[105] Accounts Receivable and Bad Debt - The total accounts receivable at the end of the period amounted to RMB 381,577,867.48, with the majority (RMB 380,529,128.76) being within 1 year[113] - The bad debt provision at the end of the period was RMB 15,855.61, a decrease of RMB 2,746.35 from the beginning of the period[113] - The company's accounts receivable aged 1 to 2 years amounted to RMB 708,611.20, while those aged 2 to 3 years were RMB 126,705.89[113] - The accounts receivable aged 3 to 4 years were RMB 172,949.11, and those aged 4 to 5 years were RMB 37,048.52[113] - The accounts receivable aged over 5 years were RMB 3,424.00[113] - The company's accounts receivable as of the end of the period amounted to RMB 381,577,867.48, with a bad debt provision of RMB 19,196,491.70, representing a provision ratio of 5.03%[173] - The top five accounts receivable balances at the end of the period totaled RMB 289,636,775.60, accounting for 75.90% of the total accounts receivable, with a bad debt provision of RMB 14,481,838.78[176] - The company's bad debt provision increased by RMB 4,783,249.15 during the period, reaching a total of RMB 19,196,491.70 at the end of the period[175] - The company's accounts receivable are categorized by age, with the largest portion (RMB 380,529,128.76) being within 1 year, and a corresponding bad debt provision of RMB 19,026,456.41, representing a provision ratio of 5.00%[173] - Accounts receivable within 1 year decreased from 10,121,230.66 RMB to 6,505,693.03 RMB, accounting for 96.03% of total receivables[180] - The company applies a 5% bad debt provision rate for commercial acceptance bills, totaling 15,855.61 RMB[182] Taxation and Government Grants - Government subsidies in 2022 totaled 7,689,331.54 RMB, an increase from 4,786,502.92 RMB in 2021[31] - The company's government grants are recognized when the conditions attached to the grants are met and the grants are receivable, with monetary grants measured at the amount received or receivable[169] - The company's main tax rates include 13% for VAT on goods sales, 6% for technical services, and varying rates for corporate income tax ranging from 15% to 29.70%[189] - The company's income tax rate is 15% for the main company, Tongxiang Hede Company, Haining Hongde Company, and Liyuan Jinhe Company[198] - Richland Company has a federal progressive tax rate of 28.90% and a state tax rate of 7.90%[199] - USA Company has a federal progressive tax rate of 29.70% and a state tax rate of 8.70%[199] - Hong Kong Ruixin Company is exempt from profits tax on non-Hong Kong

证券代码：605060 证券简称：联德股份 公告编号：2023-020 杭州联德精密机械股份有限公司 关于举办 2022 年度网上业绩说明会的公告 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： 一、说明会类型 杭州联德精密机械股份有限公司（以下简称"公司"）已于 2023 年 3 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了《联德股份 2022 年年度报 告》及《联德股份 2022 年年度报告摘要》。为便于广大投资者更加全面深入地 了解公司经营业绩、发展战略等情况，公司定于 2023 年 4 月 10 日（星期一） 会议召开时间：2023 年 4 月 10 日（星期一）15:00-16:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会 议 问 题 征 集 ： 投 资 者 可 于 2023 年 4 月 10 日 前 访 问 网 址 https://eseb.cn/13oYj9MoI5W 或使用微信扫描下方小程序码进行会前提 问，公司将通过 ...

证券代码：605060 证券简称：联德股份 杭州联德精密机械股份有限公司 投资者关系活动记录表 编号：2022-008 | --- | --- | --- | |---------------------------------------------|---------------------------|-----------------------------------------------------------------------| | | | | | 投资者关系活动类别 | √特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □现场参观 √电话会议 | | | | □其他 | | | | | 参与单位名称及人员姓名 中信证券、广发证券、民生证券、中金公司、中泰证 | | | 华基金 | 券、中信资本、景顺长城基金、交银施罗德基金、银 | | 会议时间 2022 | 年 4 月 29 日 | | | 会议地点 杭州联德精密机械股份有限公司会议室 | | | | 上市公司接待人员姓名 董事长：孙袁 | | | | | ...

编号：2022-009 证券代码：605060 证券简称：联德股份 杭州联德精密机械股份有限公司 投资者关系活动记录表 | --- | --- | |-------------------------------------|-------------------------------------------------------------------------------------------------| | 投资者关系活动类别 \n | □特定对象调研 □分析师会议 \n□媒体采访 √业绩说明会 \n□新闻发布会 □路演活动 \n□现场参观 □电话会议 | | 参与单位名称及人员姓名 线上参与公司 | 2021 年度网上业绩说明会的投资者 | | 会议时间 2022 | 13 日 | | 会议地点 价值在线（ | www.ir-online.cn ） | | 上市公司接待人员姓名 | 董事会秘书：潘连彬 财务总监：杨晓玉 独立董事：祝立宏 | | | 年的归母净利润 1.61 亿元，创下近 3 年的新低，是何原因导致？ | | | 答:投资者您好， 2021 年国内国际大宗商品涨幅较 | | ...

证券代码：605060 证券简称：联德股份 杭州联德精密机械股份有限公司 投资者关系活动记录表 编号：2022-010 | --- | --- | --- | |---------------------------------------------|----------------------------------|--------------------------------------------------| | | | | | 投资者关系活动类别 | √特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □现场参观 √电话会议 | | | | □其他 | | | 参与单位名称及人员姓名 华泰证券、冰河资产 | | | | 会议时间 2022 | 年 5 月 31 日-6 月 | 1 日 | | 会议地点 杭州联德精密机械股份有限公司会议室 | | | | 上市公司接待人员姓名 董事会秘书：潘连彬 | 证券事务代表：吕伊昆 | | | | 【 Q&A】 | | | | | 问：如何展望压缩机行业未来铸件的需求趋势？ | ...

编号：2022-011 证券代码：605060 证券简称：联德股份 杭州联德精密机械股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------------------------------|--------------------------------------|-------------------------------------------------------------------------| | | | | | 投资者关系活动类别 | √特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □现场参观 √电话会议 | | | | □其他 | | | | 开源基金、景顺长城基金、信达澳亚基金 | 参与单位名称及人员姓名 广发证券、宝盈基金、博时基金、农银汇理基金、前海 | | | | | | | | | | 会议时间 2022 | 年 6 月 10 日 -6 | 月 16 日 | | 会议地点 杭州联德精密机械股份有限公司会议室 | | | | 上市公司 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 318,403,858.48, representing a year-on-year increase of 42.43%[5] - The net profit attributable to shareholders for Q3 2022 was CNY 78,895,225.83, reflecting a significant increase of 65.72% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses for Q3 2022 was CNY 77,692,988.62, up by 83.66% year-on-year[5] - The basic earnings per share for Q3 2022 was CNY 0.33, an increase of 65.00% compared to the previous year[6] - The net profit attributable to shareholders for the year-to-date was CNY 180,358,577.19, which is a 40.96% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 reached ¥816,415,562.28, a significant increase from ¥588,004,529.23 in the same period of 2021, representing a growth of approximately 38.9%[19] - Net profit for the third quarter of 2022 was ¥178,955,507.64, compared to ¥127,946,019.30 in the same quarter of 2021, reflecting a growth of approximately 40%[21] - The total comprehensive income for the third quarter of 2022 was ¥199,562,460.25, compared to ¥127,165,523.99 in the previous year, reflecting an increase of approximately 56.7%[22] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to CNY 2,527,897,437.73, marking an increase of 11.49% from the end of the previous year[6] - Total current assets as of September 30, 2022, amount to ¥1,516,406,390.07, an increase from ¥1,375,418,319.55 in the previous year[15] - Total assets as of September 30, 2022, are ¥2,527,897,437.73, compared to ¥2,267,354,638.15 at the end of the previous year[16] - Total liabilities increased to ¥470,160,170.64 from ¥284,145,861.17, indicating a significant rise in financial obligations[16] - The total liabilities as of the end of the third quarter of 2022 amounted to ¥522,567,265.84, compared to ¥382,057,757.57 at the same time last year, showing an increase of about 37%[20] - The total equity attributable to shareholders reached ¥1,997,197,761.75, up from ¥1,875,761,400.89 in the previous year, marking an increase of approximately 6.5%[20] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 101,682,506.94, showing a decrease of 13.19%[6] - Cash inflow from operating activities for the first three quarters of 2022 was ¥640,149,604.32, compared to ¥541,464,536.94 in the same period of 2021, representing an increase of about 18.2%[22] - The net cash flow from operating activities was $101.68 million, a decrease of 13.2% compared to $117.13 million in the previous year[23] - The cash outflow from operating activities amounted to $538.47 million, compared to $424.34 million in the previous year[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,210[12] - The largest shareholder, Hangzhou Liande Holdings Co., Ltd., holds 80,863,200 shares, accounting for 33.69% of total shares[12] Research and Development - Research and development expenses for the third quarter of 2022 were ¥44,049,989.40, compared to ¥38,902,206.46 in the previous year, indicating an increase of approximately 13.7%[20] - The company has no significant new product or technology developments mentioned in the reports[14] Inventory and Receivables - The company reported a total inventory of ¥195,758,752.99, an increase from ¥163,007,346.71 year-over-year[15] - Accounts receivable increased to ¥395,743,879.80 from ¥267,081,482.64, reflecting a growth of approximately 48%[15] Cash and Investment Activities - Cash and cash equivalents are reported at ¥505,595,793.08, up from ¥354,544,408.72 year-over-year[15] - Cash inflow from investment activities totaled $748.75 million, up from $703.11 million year-over-year[23] - The net cash flow from investment activities was $23.44 million, a significant improvement from a negative $562.97 million in the same period last year[23] - The cash paid for investment activities was $725.31 million, down from $1.27 billion in the previous year[23]

Financial Performance - The company's operating revenue for the first half of 2022 reached CNY 498,011,703.80, representing a year-on-year increase of 36.65% compared to CNY 364,447,296.54 in the same period last year[21]. - Net profit attributable to shareholders was CNY 101,463,351.36, up 26.29% from CNY 80,338,474.49 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 94,632,349.97, reflecting a 36.70% increase from CNY 69,224,196.82 in the same period last year[22]. - The net cash flow from operating activities was CNY 58,884,557.14, showing a slight increase of 6.56% compared to CNY 55,260,887.20 in the previous year[22]. - Total assets at the end of the reporting period amounted to CNY 2,367,705,279.01, an increase of 4.43% from CNY 2,267,354,638.15 at the end of the previous year[22]. - The net assets attributable to shareholders were CNY 1,906,495,072.75, which is a 1.64% increase from CNY 1,875,761,400.89 at the end of the previous year[22]. - Basic earnings per share for the first half of 2022 were CNY 0.42, up 13.51% from CNY 0.37 in the same period last year[23]. - The diluted earnings per share also stood at CNY 0.42, reflecting the same growth of 13.51% year-on-year[23]. - The weighted average return on net assets was 5.29%, slightly up from 5.23% in the previous year[23]. Business Operations - The company is a leading manufacturer in the mechanical equipment parts industry, focusing on high-precision components and precision cavity molds[29]. - The company has established a comprehensive precision manufacturing industry chain, making it one of the largest manufacturers and exporters of commercial compressor components in China[29]. - The company employs a customized production model based on customer orders, ensuring high efficiency and quality in production[32]. - The sales strategy focuses on maintaining and servicing existing customers while actively developing new clients through exhibitions and direct visits[34]. - The company has a strict supplier evaluation system to ensure the quality of raw materials and maintain long-term stable partnerships[31]. - The company aims to expand into new application areas such as the renewable energy sector and urban infrastructure, leveraging its advanced manufacturing technology[29]. - The company anticipates strong growth in the high-end compressor market due to increasing demand for energy-efficient products across various industries[29]. Research and Development - Research and development expenses rose by 25.61% to CNY 30.28 million, up from CNY 24.11 million in the previous year[47]. - The company holds a total of 213 authorized patents, including 33 invention patents and 178 utility model patents, as of June 30, 2022[44]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product features and user experience[84]. Financial Position - The company's cash and cash equivalents increased to ¥496,299,670.23, representing 20.96% of total assets, up 39.98% from the previous year[50]. - The company's trading financial assets decreased to ¥312,802,704.78, accounting for 13.21% of total assets, down 42.35% year-over-year[50]. - Accounts receivable increased by 62.85% to ¥21,596,154.91, now representing 0.91% of total assets[50]. - Inventory rose by 21.29% to ¥197,708,542.14, which is 8.35% of total assets[50]. - The company's long-term equity investments decreased by 2.65% to ¥154,523,457.24, accounting for 6.53% of total assets[50]. - The company's intangible assets increased significantly by 68.70% to ¥196,839,794.44, now representing 8.31% of total assets, mainly due to the addition of land use rights[50]. - Short-term borrowings increased by 40.14% to ¥140,137,027.78, which is 5.92% of total liabilities[51]. - The company's accounts payable rose by 85.90% to ¥29,218,977.03, representing 1.23% of total liabilities[51]. - The company's overseas assets amounted to ¥280,577,477.73, accounting for 11.85% of total assets[52]. Risks and Challenges - The company faces risks from raw material price fluctuations, trade tensions, and exchange rate volatility, which could impact its financial performance[58][59][60]. - The company has a high customer concentration risk, with the top five customers accounting for a significant portion of revenue, although this percentage has decreased in recent years[61]. - The company is primarily focused on the commercial air conditioning and air compressor industries, which have a high level of customer concentration compared to industry averages[61]. Shareholder Information - The total share capital increased from 180,000,000 shares to 240,000,000 shares, representing a 33.33% increase[94]. - The number of restricted shares decreased by 21,600,000 shares, from 180,000,000 shares (75%) to 158,400,000 shares (66%) after the adjustment[93]. - The number of unrestricted shares increased by 21,600,000 shares, from 60,000,000 shares (25%) to 81,600,000 shares (34%) after the adjustment[93]. - The shareholder Ningbo Fanhong held 21,600,000 shares, which accounted for 9% of the total share capital[94]. - The total number of common shareholders reached 10,151 by the end of the reporting period[97]. - The largest shareholder, Hangzhou LianDe Holdings, held 80,863,200 shares, representing 33.69% of the total shares[100]. - Foreign institutional investors held 66,160,800 shares, accounting for 27.57% of the total shares[100]. Compliance and Governance - The company has not reported any significant new product launches or technological advancements during this period[130]. - There are no indications of market expansion or mergers and acquisitions in the current reporting period[130]. - The company has not faced any penalties or corrective actions related to legal violations during the reporting period[88]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[87]. - The company has no major guarantees or significant contracts that have not been fulfilled during the reporting period[91]. - There are no significant changes in the audit opinion from the previous annual report[88]. - The company has not reported any major related party transactions during the reporting period[90]. - The company has no significant financial transactions with related financial companies[90]. Accounting Policies - The financial statements are prepared based on the principle of continuous operation and comply with the requirements of enterprise accounting standards[150]. - The company has implemented specific accounting policies for financial instruments impairment, fixed asset depreciation, and revenue recognition[149]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, measuring them initially at fair value[160]. - Financial assets are derecognized when the contractual rights to cash flows have expired or when they are transferred and meet derecognition criteria[162]. - The company measures expected credit losses based on the weighted average of credit losses for financial instruments, considering the risk of default[164].