证券代码：605167 证券简称：利柏特 江苏利柏特股份有限公司 投资者关系活动记录表（2021 年度业绩说明会） 编号：2022-003 | --- | --- | --- | |------------------------|---------------------------------|-----------------------------------------------------------------------------------------------| | | | □特定对象调研 □分析师会议 | | | □媒体采访 | 业绩说明会 | | 投资者关系活动类别 | □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 | 通过网络互动参与公司 者 | 2021 年度业绩说明会的投资 | | 时间 2022年5 | 月13日（星期五） | 14:00-15:00 | | 地点 | （ http://roadshow.cnstock.com/ | 上 海 证 券 报 · 中 国 证 券 网 路 演 中 心 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥422,150,567.12, a decrease of 26.56% compared to the same period last year[5] - Net profit attributable to shareholders was ¥33,162,529.80, down 3.94% year-on-year, while the net profit excluding non-recurring items was ¥35,528,610.49, an increase of 9.78%[5] - Total operating revenue for the first three quarters of 2022 was CNY 1,015,318,066.67, a decrease of 28% compared to CNY 1,408,039,859.50 in the same period of 2021[22] - Total operating costs for the first three quarters of 2022 were CNY 936,535,681.52, down 29% from CNY 1,319,548,626.94 in the previous year[22] - Net profit for the first three quarters of 2022 was CNY 68,025,548.58, slightly up from CNY 67,787,817.86 in the same period of 2021, representing a growth of 0.35%[24] - Operating profit for the first three quarters of 2022 was CNY 91,961,032.39, an increase of 7% compared to CNY 85,755,889.22 in 2021[23] Cash Flow - The cash flow from operating activities for the year-to-date period reached ¥324,327,152.13, reflecting a significant increase of 166.09%[6] - Cash flow from operating activities for the first three quarters of 2022 was CNY 324,327,152.13, significantly higher than CNY 121,886,169.46 in the same period of 2021, marking a growth of 166%[26] - The company reported a cash inflow from operating activities of CNY 1,832,702,843.32 for the first three quarters of 2022, compared to CNY 1,300,500,151.47 in the previous year, indicating a growth of 41%[26] - The net cash flow from investing activities was -$447,509,846.85, compared to -$348,470,579.20 in the previous year, indicating a decline in investment performance[27] - Total cash inflow from financing activities was $101,359,716.05, significantly lower than $719,337,417.12 in the same quarter last year[27] - The net cash flow from financing activities was $46,437,543.97, down from $416,901,152.17 year-over-year, reflecting reduced financing activities[27] - The company experienced a net decrease in cash and cash equivalents of -$74,855,713.29, contrasting with an increase of $190,251,511.85 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,462,664,308.92, representing a year-on-year increase of 12.05%[6] - Current assets totaled RMB 1,375,122,180.76, compared to RMB 1,322,430,730.38 at the end of 2021, indicating a growth of about 4%[17] - Total liabilities reached RMB 1,049,898,308.51, compared to RMB 829,992,016.97 at the end of 2021, reflecting an increase of about 27%[18] - The total liabilities as of the end of the third quarter of 2022 amounted to CNY 1,048,599,396.01, an increase from CNY 851,866,079.26 at the end of the same period in 2021[19] - The total equity attributable to shareholders was CNY 1,414,064,912.91, up from CNY 1,346,039,364.33 in the previous year, reflecting a growth of 5%[19] Shareholder Information - The company reported a total of 23,858 common shareholders at the end of the reporting period[12] - The largest shareholder, Shanghai Libet Investment Co., Ltd., holds 40.85% of the shares, totaling 183,454,670 shares[12] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 17,464,023.27, up 32% from CNY 13,208,124.15 in the previous year[23] - The company has not disclosed any new product developments or market expansion strategies in the current report[16] Inventory and Receivables - Accounts receivable dropped significantly to RMB 140,709,863.62 from RMB 415,922,409.27, a decrease of around 66%[17] - Inventory increased to RMB 187,256,713.48, up from RMB 105,160,549.61, marking a rise of approximately 78%[17] Borrowings - Short-term borrowings were recorded at RMB 0, down from RMB 21,673,067.69, indicating a reduction in short-term debt[18] - Long-term borrowings rose to RMB 105,753,257.71 from RMB 27,337,100.04, an increase of about 287%[18] - The company reported cash received from borrowings of $101,359,716.05, down from $189,620,034.49 in the previous year, reflecting a decrease in new debt[27] Government Subsidies - The company received government subsidies amounting to ¥2,368,017.91 during the reporting period, closely related to its normal business operations[8]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥593,167,499.55, a decrease of 28.81% compared to ¥833,220,907.46 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was ¥34,863,018.78, representing a 4.81% increase from ¥33,263,488.55 in the previous year[20]. - The net cash flow from operating activities increased significantly by 222.53%, reaching ¥135,957,683.63 compared to ¥42,153,937.09 in the same period last year[20]. - The total assets at the end of the reporting period were ¥2,229,661,712.78, a 1.44% increase from ¥2,197,905,443.59 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 2.59%, amounting to ¥1,380,902,383.11 compared to ¥1,346,039,364.33 at the end of the previous year[20]. - Basic earnings per share for the first half of 2022 were ¥0.08, down 20.00% from ¥0.10 in the same period last year[21]. - The weighted average return on equity decreased by 1.5 percentage points to 2.56% from 4.06% in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥30,501,324.87, a 1.70% increase from ¥29,990,213.75 in the previous year[20]. - The gross margin improved by 3.26 percentage points due to enhanced project settlement and cost control efforts[49]. Assets and Liabilities - The total non-recurring gains and losses amounted to 4,361,693.91 after tax adjustments[25]. - Cash and cash equivalents decreased by 29.50% to ¥329,594,544.45, representing 14.78% of total assets[53]. - Accounts receivable decreased by 53.77% to ¥192,300,112.05, attributed to improved collection methods during the period[53]. - Contract liabilities increased significantly by 502.42% to ¥257,734,952.77, indicating a rise in advance project payments[53]. - Short-term borrowings were eliminated, reflecting a 100% decrease as the company repaid loans due to increased liquidity[53]. - Inventory increased by 44.13% to ¥151,569,339.52, primarily due to stockpiling for new projects[53]. - The company reported a 127.41% increase in long-term borrowings to ¥62,166,517.95, driven by new loans for construction projects[53]. - The company’s prepayments surged by 866.48% to ¥130,190,224.65, reflecting increased upfront payments for materials and equipment for new projects[53]. Business Operations and Strategy - The company specializes in the design and manufacturing of industrial modules, providing integrated services across the entire EPFC (Engineering, Procurement, Fabrication, Construction) value chain[26]. - The company has a strong capability in project management and has established a complete procurement system to meet diverse client needs[27]. - The main products include process modules, corridor modules, and prefabricated pipes, widely used in the chemical, oil and gas, mining, and water treatment industries[28]. - The company aims to expand its market presence through continuous innovation and strategic partnerships[26]. - Future outlook includes leveraging government subsidies and enhancing operational efficiency to drive growth[25]. - The company has developed advanced design and manufacturing technologies for industrial modules, enhancing its competitive edge in the market[28]. - The company provides a full range of engineering services, including project planning, feasibility studies, cost analysis, design, procurement, construction, and maintenance[30]. Environmental and Safety Management - The company is actively involved in environmental protection and safety management, adhering to strict regulations to mitigate risks associated with pollution and safety incidents[64]. - The company has implemented a comprehensive environmental protection management system, adhering to national and local environmental laws and standards, and has passed the ISO 14001:2015 environmental management system certification[79]. - The company has adopted measures to reduce carbon emissions, including implementing energy-saving targets and promoting clean energy initiatives[82]. - The company has established a pollution prevention facility that operates normally, in compliance with environmental impact assessment requirements[74]. - The company has taken measures to manage solid waste, including recycling metal scraps and proper disposal of hazardous waste[80]. Shareholder and Governance - The company has a total of 183,454,670 restricted shares held by Shanghai Libote Investment Co., Ltd., which will become tradable on July 26, 2024[124]. - The second largest shareholder, Zhen Shi Group (Hong Kong), holds 76,727,336 restricted shares, which will be tradable on July 26, 2022[124]. - The company has a total of 25,594 ordinary shareholders as of the end of the reporting period[117]. - The largest shareholder, Shanghai Libote Investment Co., Ltd., held 40.85% of the shares, totaling 183,454,670 shares[119]. - The company has established a multi-level governance structure including a board of directors, supervisory board, and management team[165]. Compliance and Regulatory Matters - The company will adhere to the regulations set by the China Securities Regulatory Commission regarding the reduction of shares by shareholders and senior management[92]. - The company will ensure that any stock reduction after the lock-up period will not be below the issue price[93]. - The company will publicly explain the reasons for any failure to stabilize stock prices and apologize to shareholders and the public[94]. - The company has not reported any violations or penalties against its directors, supervisors, or senior management during the reporting period[106]. Market and Industry Trends - The modularization trend in the chemical industry is gaining traction, with significant fixed asset investments and a shift towards modular construction for large chemical projects[37]. - The market demand for modular design and manufacturing is expected to grow in sectors like oil and gas, mining, and water treatment, providing ample opportunities for the company[37]. - The water treatment industry is increasingly adopting modular designs to reduce construction time and operational costs, positioning it as a mainstream trend[38]. Financial Instruments and Accounting - Financial instruments include financial assets, financial liabilities, and equity instruments, recognized when the company becomes a party to a financial instrument contract[186]. - Financial assets are classified based on the business model for managing them and their contractual cash flow characteristics, including those measured at amortized cost and fair value[188]. - The company recognizes the difference between the disposal proceeds and the carrying amount of the equity investment as capital reserve in the consolidated financial statements[182].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 256,071,578.98, representing a decrease of 13.04% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 12,706,150.93, an increase of 5.53% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 10,489,971.07, down by 9.80% compared to the previous year[5]. - The basic earnings per share were CNY 0.03, reflecting a decrease of 25.00% year-on-year[5]. - The diluted earnings per share were also CNY 0.03, showing a decline of 25.00% compared to the same period last year[5]. - The weighted average return on equity was 0.94%, a decrease of 0.55 percentage points year-on-year[5]. - The net profit for Q1 2022 was CNY 12,706,150.93, an increase from CNY 12,039,886.14 in Q1 2021, representing a growth of approximately 5.5%[21]. - Operating profit for Q1 2022 reached CNY 18,480,351.29, compared to CNY 15,175,778.78 in the same period last year, indicating a year-over-year increase of about 21.5%[20]. - Total revenue from operating activities was CNY 629,368,265.05, up from CNY 485,451,432.33 in Q1 2021, reflecting a growth of approximately 29.6%[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,071,680,775.93, down 5.74% from the end of the previous year[6]. - Cash and cash equivalents as of March 31, 2022, were CNY 393,203,868.43, a decrease from CNY 467,490,745.32 as of December 31, 2021[15]. - Accounts receivable decreased to CNY 138,392,788.58 from CNY 415,922,409.27 as of December 31, 2021, indicating a significant reduction in outstanding receivables[15]. - Inventory increased to CNY 152,636,691.71 from CNY 105,160,549.61 as of December 31, 2021, reflecting a 45.0% increase[15]. - Total assets as of March 31, 2022, were CNY 2,071,680,775.93, down from CNY 2,197,905,443.59 as of December 31, 2021[16]. - Total liabilities decreased to CNY 712,935,260.67 from CNY 851,866,079.26 as of December 31, 2021, showing a reduction of 16.3%[17]. - The company's equity attributable to shareholders increased to CNY 1,358,745,515.26 from CNY 1,346,039,364.33 as of December 31, 2021[17]. Cash Flow - The net cash flow from operating activities was CNY 48,645,894.79, a decrease of 7.89% year-on-year[5]. - Cash flow from operating activities was CNY 48,645,894.79, slightly down from CNY 52,810,201.72 in Q1 2021, a decrease of around 7.5%[24]. - The company reported a net cash outflow from investing activities of CNY -108,989,533.20, compared to CNY -66,826,124.07 in the previous year, indicating an increase in investment activities[25]. - Cash and cash equivalents at the end of Q1 2022 stood at CNY 365,010,266.92, up from CNY 216,602,862.97 at the end of Q1 2021, showing a significant increase of approximately 68.5%[25]. Costs and Expenses - Total operating costs for Q1 2022 were CNY 250,422,052.69, down 12.0% from CNY 284,650,390.63 in Q1 2021[19]. - The total tax expenses for Q1 2022 were CNY 5,734,200.36, compared to CNY 3,104,624.73 in the same period last year, an increase of approximately 84.5%[20]. - The company experienced a significant increase in sales expenses, which totaled CNY 3,574,820.26 in Q1 2022, compared to CNY 3,902,074.80 in Q1 2021, indicating a decrease of about 8.4%[20]. - Research and development expenses increased to CNY 2,192,454.08 from CNY 2,012,685.24, marking a rise of about 8.9% year-over-year[20]. Strategic Focus - The company reported a net profit margin improvement despite lower revenues, indicating better cost management[19]. - The company is focusing on reducing accounts receivable and managing inventory levels to improve cash flow in the upcoming quarters[19]. - The company reported non-recurring gains of CNY 2,216,179.86 after tax[8].

Financial Performance - The company's operating revenue for 2021 was CNY 1,983,072,362.25, representing a 31.73% increase compared to CNY 1,505,441,045.08 in 2020[24] - The net profit attributable to shareholders for 2021 was CNY 109,453,877.77, a 5.05% increase from CNY 104,195,357.86 in 2020[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 90,299,349.73, a decrease of 4.57% from CNY 94,624,506.23 in 2020[24] - The net cash flow from operating activities for 2021 was CNY 149,752,822.78, an increase of 49.30% compared to CNY 100,305,343.12 in 2020[24] - The total assets at the end of 2021 were CNY 2,197,905,443.59, a 45.34% increase from CNY 1,512,273,937.86 at the end of 2020[24] - The net assets attributable to shareholders at the end of 2021 were CNY 1,346,039,364.33, reflecting a 67.90% increase from CNY 801,687,349.21 at the end of 2020[24] - Basic earnings per share decreased by 6.45% to CNY 0.29, while diluted earnings per share remained the same[25] - The weighted average return on equity decreased by 3.26 percentage points to 10.46%[25] Business Strategy and Operations - The company emphasizes the potential risks associated with forward-looking statements in the report[8] - The company's operating revenue increased by 31.73% year-on-year, driven by a focus on industrial module design and manufacturing, as well as integrated services across the EPFC (Engineering, Procurement, Fabrication, and Construction) value chain[25] - The company has a comprehensive EPFC capability, providing customized project construction services that enhance safety and cost-effectiveness[35] - The company is expanding its business scope as the trend towards modularization in project construction continues to grow across various industries[35] - The company has a strong technical barrier in industrial module applications, which is expected to further enhance its business development space[35] - The company possesses industry-leading design and manufacturing capabilities for large industrial modules, ensuring customized designs that meet process requirements and client standards[37] - The company has established long-term relationships with renowned multinational clients such as BASF and Honeywell, enhancing its market brand and reputation[38] - The company focuses on the design and manufacturing of industrial modules, providing customized project construction services across various industries, including chemical, oil and gas, and water treatment[43] Research and Development - Research and development expenses amounted to ¥22,562,555.41, representing 1.14% of operating revenue, with a 39.18% increase from the previous year[79] - The company has increased its investment in research and development, with 157 R&D personnel, making up 4.56% of the total workforce[80] - The company has a strong design capability for large industrial modules, having served numerous international clients since 2006[52] - The company’s modular design solutions have been recognized as a typical case of large-scale customized manufacturing in the "China Intelligent Manufacturing Green Book (2017)"[52] Market Position and Expansion - The company is positioned to become a leading global industrial module production base, leveraging the advantages of modular construction in the international division of labor[40] - The company is expanding its industrial module design and manufacturing services into the oil and gas, mining, and water treatment sectors, driven by the trend towards modular manufacturing in project construction[98] - The company is leveraging competitive advantages in labor costs, large construction sites, and supporting infrastructure to attract overseas projects[98] - The company plans to continue expanding its market presence and enhancing its product offerings in response to growing demand[66] Financial Management and Governance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[6] - The board of directors has approved the profit distribution plan, which is subject to shareholder approval[7] - The company has established a governance framework with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and senior management, ensuring effective operation[111] - The board of directors consists of 9 members, including 3 independent directors, and operates under a well-defined system that complies with relevant laws and regulations[111] - The company maintains independence from its controlling shareholder in terms of operations, personnel, assets, and finances, with no reported incidents of interest infringement[113] Environmental and Safety Management - The company has maintained a "green operation" philosophy, ensuring compliance with environmental protection laws and achieving ISO14001:2015 certification[146] - The company has actively upgraded its pollution control equipment and measures to reduce emissions from production processes[146] - The company promotes environmental awareness among employees, advocating for green office practices and low-carbon lifestyles[150] - The company prioritizes environmental protection and safety management, adhering to regulations to mitigate risks of pollution and safety incidents[106] Risks and Challenges - The company faces risks related to macroeconomic fluctuations that could impact demand in the chemical, oil and gas, mining, and water treatment sectors[104] - The company is exposed to procurement price volatility risks, particularly in materials and labor, which could affect production costs if not managed effectively[104] - The company must ensure adequate site resources for large industrial module projects to avoid delays and maintain its reputation[106] - There is a risk of talent loss as the industry demands high qualifications for management and R&D personnel, which may lead to project delays and quality issues if key staff leave[107] Shareholder Relations and Commitments - The company has a clear cash dividend policy that aligns with its articles of association and shareholder resolutions[140] - The company will not reduce its shareholdings during the lock-up period and will notify the company five trading days in advance before any reduction post-lock-up[166] - The company commits to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring stability in shareholding[153] - The company will ensure that any stock reduction after the lock-up period will not be below the initial public offering price, with adjustments made for any corporate actions[166] Financial Products and Investments - The company engaged in cash asset management, with a total of 128,500,000.00 RMB from self-owned funds and 75,000,000.00 RMB from idle raised funds in bank financial products[189] - The company has a total of 270,980,317.84 RMB in guarantees exceeding 50% of net assets[188] - The annualized return rates for bank financial products were 2.62% and 2.73% for different investments[189] - The company reported a total loan amount of RMB 3,300,000 to support the project investment gap for the solid waste disposal project in Taixing Economic Development Zone[175]

Financial Performance - The company's operating revenue for Q3 2021 was ¥574,818,952.04, representing a year-on-year increase of 59.35%[5] - The net profit attributable to shareholders for the same period was ¥34,524,329.31, reflecting a growth of 31.20% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥32,364,106.44, which is an increase of 24.76% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,408,039,859.50, a significant increase of 48.8% compared to ¥945,228,269.05 in the same period of 2020[19] - Net profit for the third quarter of 2021 was ¥67,787,817.86, representing a 19.3% increase from ¥56,848,775.05 in the same quarter of 2020[20] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.19, compared to ¥0.17 in the same quarter of 2020[22] - The company reported a total comprehensive income of ¥67,787,817.86 for the third quarter of 2021, up from ¥56,848,775.05 in the same quarter of 2020[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,071,810,804.08, marking a 37.00% increase from the previous year[6] - Current assets amounted to CNY 1,256,226,602.39, up from CNY 912,079,709.43, indicating a growth of about 38% year-over-year[15] - The company's cash and cash equivalents increased to CNY 405,878,154.14 from CNY 241,877,327.88, representing a growth of approximately 68%[15] - Total liabilities increased to CNY 742,775,609.04 from CNY 696,481,825.31, reflecting a rise of about 6.6%[16] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥767,316,170.86, up from ¥710,586,588.65 at the end of 2020[20] - The total equity attributable to shareholders of the parent company reached ¥1,304,494,633.22, a significant increase from ¥801,687,349.21 in the previous year[20] Cash Flow - The company generated cash flow from operating activities amounting to ¥121,886,169.46, which is a 16.02% increase year-to-date[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥121,886,169.46, an increase from ¥105,053,193.98 in the same period of 2020[24] - The net cash flow from investment activities was -348,470,579.20 RMB, a decrease compared to -70,779,028.30 RMB in the previous year[25] - Total cash inflow from financing activities reached 719,337,417.12 RMB, compared to 68,975,517.07 RMB in the same period last year[25] - The net cash flow from financing activities was 416,901,152.17 RMB, contrasting with -14,367,016.64 RMB in the previous year[25] Operational Insights - The company focused on the design and manufacturing of industrial modules, contributing to the revenue growth through customized project services[9] - The increase in total assets was primarily due to the inflow of funds from new share issuance and the addition of ongoing investment projects[9] - Research and development expenses for the third quarter of 2021 were ¥13,208,124.15, compared to ¥10,368,337.69 in the same quarter of 2020, indicating a focus on innovation[20] Other Information - The company has not disclosed any new product developments or market expansion strategies during this reporting period[14] - There are no significant mergers or acquisitions reported in the current quarter[14]