上海证券交易所： 关于苏州绿的谐波传动科技股份有限公司 向特定对象发行股票 审核中心意见落实函的回复报告 保荐机构（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场(二期)北座 二〇二三年八月 关于苏州绿的谐波传动科技股份有限公司 向特定对象发行股票 审核中心意见落实函的回复报告 根据贵所于 2023 年 7 月 10 日出具的《关于苏州绿的谐波传动科技股份有限 公司向特定对象发行股票的审核中心意见落实函》（上证科审（再融资）〔2023〕 172 号）的要求，苏州绿的谐波传动科技股份有限公司（以下简称"绿的谐波"、 "公司"、"申请人"或"发行人"）会同保荐机构（主承销商）中信证券股份有限公 司（以下简称"中信证券"、"保荐机构"或"保荐人"）、北京市君合律师事务所（以 下简称"君合律师"、"发行人律师"）、天衡会计师事务所（特殊普通合伙）（以下 简称"天衡会计师"、"会计师"）等相关各方根据审核中心意见落实函要求对所列 问题进行了逐项落实、核查。现就审核中心意见落实函回复如下，请贵部予以审 核。 说明： 1、除非文义另有所指，本回复所用释义与《苏州绿的谐波传动科技股份有 限公司 2022 年度向特 ...

证券代码：688017 证券简称：绿的谐波 公告编号：2023-031 苏州绿的谐波传动科技股份有限公司 关于向特定对象发行股票审核中心意见落实函 回复报告（修订稿）的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 公司本次向特定对象发行 A 股股票事项尚需获得中国证监会作出同意注册 的决定后方可实施，最终能否获得中国证监会同意注册的决定及其时间尚存在不 确定性。公司将根据该事项的审核进展情况，按照相关规定及时履行信息披露义 务，敬请广大投资者注意投资风险。 特此公告。 苏州绿的谐波传动科技股份有限公司（以下简称"公司"）于 2023 年 7 月 10 日收到上海证券交易所（下称"上交所"）出具的《关于苏州绿的谐波传动科 技股份有限公司向特定对象发行股票的审核中心意见落实函》（上证科审（再融 资）〔2023〕172 号）（下称《落实函》）。 公司收到《落实函》后，会同相关中介机构按照要求对《落实函》中提出的 问题进行了认真研究和逐项落实，具体内容详见公司 2023 年 7 月 17 披露于上交 所网站（www ...

一、 说明会类型 证券代码：688017 证券简称：绿的谐波 公告编号：2023-021 关于召开 2022 年度业绩说明会暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 05 月 10 日(星期三)16:00 前登录上证路演中心网站首页点击 "提问预征集"栏目或通过公司邮箱 info@leaderdrive.com 进行提问。公司将 在说明会上对投资者普遍关注的问题进行回答。 苏州绿的谐波传动科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 05 月 11 日 上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 苏州绿的谐波传动科技股份有限公司 本次投资者说明会以网络互动形式召开，公司将 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥88,524,708.11, representing a decrease of 5.68% compared to the same period last year[4] - The net profit attributable to shareholders was ¥24,649,877.39, down 32.47% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥21,823,454.62, a decrease of 17.59% compared to the previous year[4] - The basic and diluted earnings per share were both ¥0.1462, reflecting a decline of 32.47% year-on-year[5] - Total revenue for Q1 2023 was 69,663,286.38, a decrease from 76,755,267.55 in Q1 2022, representing a decline of approximately 9.1%[20] - Net profit for Q1 2023 was 24,547,060.40, down from 36,628,035.11 in Q1 2022, indicating a decrease of about 32.9%[18] - Operating profit for Q1 2023 was 28,788,137.53, compared to 42,995,141.55 in Q1 2022, reflecting a decline of approximately 33.0%[20] - The company reported a total comprehensive income of 24,547,060.40 for Q1 2023, compared to 36,628,035.11 in Q1 2022, indicating a decrease of approximately 32.9%[18] Cash Flow and Investments - The net cash flow from operating activities was ¥10,909,960.44, an increase of 19.60% compared to the same period last year[5] - Cash flow from operating activities for Q1 2023 was 10,909,960.44, compared to 9,121,720.37 in Q1 2022, showing an increase of approximately 19.7%[20] - The net cash inflow from investment activities was CNY 284,207,669.75, a significant increase compared to CNY 5,385,924.73 from the previous period[21] - The total cash and cash equivalents at the end of the period reached CNY 977,918,564.40, up from CNY 600,889,762.78 in the previous year[21] - The net increase in cash and cash equivalents for the quarter was CNY 294,283,120.84, compared to CNY 4,155,938.95 in the same quarter last year[21] Expenses and Liabilities - Research and development expenses totaled ¥12,246,695.98, which is an increase of 6.73% year-on-year, accounting for 13.83% of operating revenue[5] - The company reported a total operating cost of 63,294,096.48 in Q1 2023, up from 59,067,848.75 in Q1 2022, which is an increase of approximately 7.4%[20] - Tax expenses for Q1 2023 were 4,305,188.26, down from 6,689,410.45 in Q1 2022, reflecting a decrease of about 35.7%[20] - Total liabilities decreased to ¥451,075,650.90 from ¥480,604,904.07, indicating a reduction of 6.1%[15] - The company reported a decrease in short-term borrowings to ¥209,613,055.56 from ¥212,283,714.09, a decline of 1.6%[14] - The non-current liabilities totalled ¥143,265,938.81, down from ¥143,718,718.52, a decrease of 0.3%[15] Assets and Shareholder Equity - Total assets at the end of the reporting period were ¥2,415,176,077.08, showing no significant change from the previous year[5] - Total assets remained stable at ¥2,415,176,077.08, slightly down from ¥2,415,198,159.11 at the end of 2022[15] - The company's equity attributable to shareholders rose to ¥1,965,760,560.96 from ¥1,936,150,572.83, reflecting an increase of 1.3%[15] - The company’s retained earnings increased to ¥396,950,578.46 from ¥372,300,701.07, an increase of 6.6%[15] Shareholder Information - The company had a total of 14,308 common shareholders at the end of the reporting period[10] Non-Recurring Items - Non-recurring gains and losses amounted to ¥2,826,422.77, with a significant portion attributed to government subsidies[7] Accounting Standards - The company did not implement new accounting standards or interpretations for the first quarter of 2023[22]

Financial Performance - The company's operating revenue for 2022 was RMB 445,745,352.73, representing a slight increase of 0.54% compared to RMB 443,351,434.70 in 2021[16]. - The net profit attributable to shareholders of the listed company for 2022 was RMB 155,302,486.16, a decrease of 17.91% from RMB 189,183,607.41 in 2021[16]. - The proposed cash dividend for 2022 is RMB 1 per 10 shares, totaling RMB 16,858,338, which accounts for 10.86% of the net profit attributable to shareholders[5]. - The company reported a total revenue of RMB 445,745,352.73 for the year 2022, reflecting a decrease compared to the previous year[26]. - The net profit attributable to shareholders was RMB 155,302,486.16, indicating a decline from the prior year[26]. - The net cash flow from operating activities decreased by 42.63% year-on-year, primarily due to increased purchases and payroll expenses[19]. - The basic earnings per share (EPS) for 2022 was RMB 0.9212, down 17.91% from RMB 1.1222 in 2021[19]. - The company achieved a total revenue of 11,720 million, with a net profit of 4,072.77 million, indicating a strong financial performance[63]. Assets and Liabilities - The company's total assets increased by 15.87% year-on-year, reaching RMB 2,415,198,159.11 at the end of 2022[18]. - The net assets attributable to shareholders rose by 5.40% to RMB 1,936,150,572.83 compared to the end of 2021[18]. - The company's cash and cash equivalents increased to 729.33 million RMB, representing 30.20% of total assets, a 13.65% increase from the previous year[97]. - The company's long-term equity investments rose by 114.50% to 58.96 million RMB, indicating increased external investments[97]. - The company's fixed assets increased by 5.14% to 348.40 million RMB, representing 14.43% of total assets[97]. - The company reported a 20.40% increase in accounts receivable, amounting to 74.72 million RMB, which is 3.09% of total assets[97]. - The company experienced a 541.54% increase in other current assets, totaling 81.21 million RMB, primarily due to an increase in large time deposits maturing within one year[97]. Research and Development - Research and development (R&D) expenses accounted for 10.29% of operating revenue, an increase of 1.01 percentage points from the previous year[19]. - R&D investment totaled ¥45,867,338.68, representing an increase of 11.44% compared to the previous year, with R&D expenses accounting for 10.29% of operating revenue[59]. - The number of R&D personnel increased to 113, representing 12.28% of the total workforce, up from 11.43% in the previous period[65]. - The company is currently developing a new generation of high-precision harmonic reducers with an estimated total investment of ¥390 million, aimed at enhancing product categories and meeting industry demands[61]. - The company has developed a new high-performance CNC machine tool harmonic turntable, with an investment of ¥1,050 million, currently in the pilot stage, targeting precision machining applications[61]. - The company has established a knowledge property management department and obtained certification for its knowledge property management system during the reporting period[171]. Market and Competition - The production of industrial robots in China decreased by 4.8% in 2022, reflecting a sluggish market demand that impacted the company's business growth[26]. - The company is focusing on expanding its market capabilities and optimizing its product structure to adapt to the challenging economic environment[26]. - The domestic harmonic reducer market share of the leading domestic brand, Lide Harmonic, has increased to 24.7% in 2021, up from 46% to 42.9% for the two largest foreign brands, Harmonic Drive and Nabtesco, from 2020 to 2021[44]. - The harmonic reducer industry in China is in a growth phase, with rapid market growth and a significant supply gap in core components like precision harmonic reducers, which has not yet been met by downstream equipment manufacturers[44]. - The company has established a competitive advantage in the harmonic reducer sector by achieving large-scale production and successfully replacing imported products, significantly reducing procurement costs and cycles for domestic robot manufacturers[44]. - The global market for harmonic reducers is dominated by Harmonic Drive and Nabtesco, which together hold approximately 70% of the market share[44]. Governance and Compliance - The audit report issued by Tianheng Accounting Firm was a standard unqualified opinion[4]. - The financial report is guaranteed to be true, accurate, and complete by the company's management[4]. - The company has maintained its commitment to transparency and compliance with regulatory requirements[2]. - The company has established a governance structure that complies with legal requirements, ensuring independent operation and effective supervision of its board and supervisory committee[109]. - The company has conducted five board meetings and five supervisory meetings during the reporting period, maintaining compliance with governance regulations[109]. - The company has implemented a strict insider information management system, with no violations reported during the reporting period[109]. Environmental and Social Responsibility - The company invested approximately ¥1,102,028.35 in environmental protection during the reporting period[151]. - The company consumed 68,291 tons of water and 19,619,736 kWh of electricity in 2022[153]. - The company does not belong to the key pollutant discharge units as per environmental protection department[152]. - The company has established a social responsibility management system and integrates ESG work into daily operations[150]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[152]. - The company is planning a rooftop photovoltaic project to utilize solar energy for production, aiming to reduce carbon emissions[157]. Shareholder Information - The total number of shares held by the Chairman, Zuo Yuyu, increased from 24,559,026 to 34,382,637, reflecting a change of 9,823,611 shares due to a capital reserve distribution of 0.4 shares per share[116]. - The total number of shares held by the Vice Chairman, Zuo Jing, also increased from 24,559,026 to 34,382,636, with a similar change of 9,823,610 shares[116]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 5.9942 million RMB[127]. - The total remuneration for core technical personnel at the end of the reporting period was 1.1067 million RMB[127]. - The company has a total of 327,600 restricted stock units under the 2021 incentive plan, with 178 participants, accounting for 19.35% of the total[145]. Future Outlook - The company provided guidance for 2023, projecting a revenue increase of 25%, aiming for a total of 1.875 billion[121]. - New product launches are expected to contribute an additional 200 million in revenue in 2023, with a focus on innovative technology solutions[121]. - The company is exploring potential acquisitions to strengthen its market position, with a budget of 300 million allocated for this purpose in 2023[121]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization initiatives[121]. - The company plans to enhance its product offerings through continuous research and development in new technologies and market expansion strategies[38].

Financial Performance - The company's operating revenue for Q3 2022 was ¥101,056,350.77, a decrease of 25.39% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2022 was ¥36,360,754.89, down 37.88% year-on-year[4]. - The net profit after deducting non-recurring gains and losses for Q3 2022 was ¥27,614,401.03, a decline of 38.61% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2022 reached ¥344,462,004.61, an increase of 7.3% compared to ¥319,454,952.32 in the same period of 2021[19]. - Net profit for the first three quarters of 2022 was ¥128,459,737.14, down 9.8% from ¥142,482,055.00 in the previous year[21]. - Basic earnings per share for Q3 2022 was ¥0.2157, a decrease of 55.63% year-on-year[5]. - Basic earnings per share for the first three quarters of 2022 was ¥0.76, compared to ¥1.18 in the same period of 2021[23]. - The total profit for Q3 2022 was CNY 140.09 million, down from CNY 169.67 million in Q3 2021, representing a decline of about 17.5% year-over-year[30]. - The company’s total comprehensive income for Q3 2022 was CNY 122.42 million, compared to CNY 187.83 million in Q3 2021, indicating a decrease of approximately 34.7%[31]. Research and Development - R&D investment totaled ¥12,084,451.16 in Q3 2022, representing 11.96% of operating revenue, an increase of 4.30 percentage points year-on-year[5]. - The company plans to continue increasing R&D investment to enhance product development capabilities[10]. - Research and development expenses increased to ¥33,564,801.60, up from ¥25,058,383.88, marking a rise of 33.9%[21]. - Research and development expenses increased to CNY 26.66 million in Q3 2022 from CNY 19.11 million in Q3 2021, marking a rise of about 39.5% year-over-year[30]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥33,309,593.21, down 53.60% compared to the previous year[5]. - Cash flow from operating activities for the first three quarters of 2022 was ¥33,309,593.21, significantly lower than ¥71,780,559.56 in 2021[25]. - The company reported a decrease in cash flow from operating activities, with a net cash flow of -51,421,977.38 RMB compared to an increase of 105,567,705.50 RMB in the previous year[26]. - Cash inflow from investment activities totaled ¥675,020,101.62, a decrease from ¥703,782,555.35 in the previous year[25]. - Cash flow from investment activities showed a net outflow of CNY 193.82 million in Q3 2022, compared to a net inflow of CNY 29.27 million in Q3 2021[34]. - Cash and cash equivalents decreased to CNY 590,312,893.79 from CNY 641,747,746.70, indicating a decline of about 8.0%[15]. - Cash and cash equivalents at the end of the period totaled 545,311,846.45 RMB, down from 630,791,623.56 RMB year-over-year[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,282,258,976.01, an increase of 9.49% from the end of the previous year[5]. - The company's current assets totaled CNY 1,591,164,783.60, compared to CNY 1,513,635,079.85 in the previous year, reflecting a growth of approximately 5.1%[15]. - Total liabilities rose to CNY 391,216,771.34 from CNY 250,152,317.78, marking an increase of about 56.5%[18]. - The company's equity totaled 1,873,971,888.82 RMB, up from 1,823,279,509.09 RMB year-over-year[28]. - The company's total liabilities rose to 397,965,067.59 RMB, compared to 287,185,647.52 RMB in the previous year, indicating a significant increase[28]. - Short-term borrowings surged to CNY 150,965,361.31 from CNY 14,678,272.68, indicating a significant increase[18]. - The equity attributable to shareholders increased to CNY 1,893,239,002.09 from CNY 1,836,964,049.10, showing a growth of approximately 3.1%[18]. Shareholder Information - The company reported a total of 1,527,481 individual shareholders as of the reporting date[12]. - There were no significant changes in the top ten shareholders or their shareholding status[12]. - The company has not disclosed any significant new strategies or product developments during the reporting period[13].

Financial Performance - The company's operating revenue for Q3 2022 was ¥101,056,350.77, a decrease of 25.39% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was ¥36,360,754.89, down 37.88% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,614,401.03, a decrease of 38.61% compared to the previous year[4] - The basic earnings per share for Q3 2022 was ¥0.2157, reflecting a decline of 55.63% year-on-year[5] - Net profit for Q3 2022 was ¥128,459,737.14, a decrease of 9.8% from ¥142,482,055.00 in Q3 2021[19] - Operating profit for Q3 2022 was ¥139,117,111.66, down 35.2% from ¥214,845,680.05 in Q3 2021[27] - Net profit for Q3 2022 was ¥122,418,682.78, a decline of 34.8% compared to ¥187,825,558.32 in Q3 2021[28] - Basic earnings per share for Q3 2022 were ¥0.76, down from ¥1.18 in Q3 2021[19] Research and Development - The total R&D investment for Q3 2022 was ¥12,084,451.16, which accounted for 11.96% of operating revenue, an increase of 4.30 percentage points year-on-year[5] - R&D expenses for Q3 2022 amounted to ¥33,564,801.60, an increase of 33.8% compared to ¥25,058,383.88 in Q3 2021[18] - The company plans to continue increasing R&D investment to drive future growth[10] - The company plans to invest 200 million yuan in R&D for new technologies over the next two years[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,282,258,976.01, representing a 9.49% increase from the end of the previous year[5] - The company's total current assets as of September 30, 2022, amount to ¥1,591,164,783.60, an increase from ¥1,513,635,079.85 at the end of 2021[14] - The total assets of the company as of September 30, 2022, are ¥2,282,258,976.01, compared to ¥2,084,461,088.36 at the end of 2021[15] - The total liabilities of the company as of September 30, 2022, are ¥301,215,186.56, compared to ¥206,445,570.60 at the end of 2021[15] - The total liabilities as of Q3 2022 were ¥391,216,771.34, compared to ¥250,152,317.78 in the previous year, reflecting a significant increase[18] - The company's total liabilities increased to ¥397,965,067.59 in Q3 2022 from ¥287,185,647.52 in Q3 2021, representing an increase of 38.6%[27] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥33,309,593.21, down 53.60% compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2022 was ¥39,278,644.87, down from ¥43,741,014.29 in the same period of 2021[29] - Net cash inflow from operating activities was CNY 33,309,593.21, a decrease of 53.6% compared to CNY 71,780,559.56 in the previous year[20] - The company reported a net cash outflow from investing activities of ¥193,819,865.11 in Q3 2022, compared to a net inflow of ¥49,644,659.69 in Q3 2021[31] Market and Growth Strategy - The company reported a revenue of 1.2 billion yuan for Q3 2022, representing a year-over-year growth of 15%[32] - User data indicates an increase in active users by 25% compared to the previous quarter, reaching 5 million active users[32] - The company provided a future outlook with a revenue guidance of 1.5 billion yuan for Q4 2022, expecting a growth rate of 20% year-over-year[32] - New product development includes the launch of a next-generation harmonic drive, projected to increase market share by 10%[32] - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region by the end of 2023[32] - A strategic acquisition of a local competitor was completed, expected to enhance production capacity by 40%[32] Operational Efficiency - The gross margin for Q3 2022 improved to 35%, up from 30% in the previous quarter[32] - The company aims to reduce operational costs by 15% through efficiency improvements in the supply chain[32] - A new marketing strategy is set to increase brand awareness, with a budget allocation of 50 million yuan for digital campaigns[32]

Financial Performance - The company's revenue for the first half of 2022 was CNY 243,405,653.84, representing a 32.28% increase compared to the same period last year[16]. - The net profit attributable to shareholders for the first half of 2022 was CNY 91,640,501.15, which is a 9.87% increase year-on-year[16]. - The company's operating revenue for the first half of 2022 was approximately ¥243.41 million, representing a year-on-year increase of 32.28% compared to ¥184.01 million in the same period last year[66]. - The gross profit margin for the first half of 2022 was 50.96%, with a slight decrease from 52.52% in the previous year, indicating potential volatility in profitability due to market conditions[65]. - The company achieved a quarter-on-quarter revenue growth of 59.35% in Q2 2022 compared to Q1 2022, following the easing of pandemic restrictions[57]. - The total comprehensive income for the first half of 2022 was approximately ¥92.09 million, compared to ¥83.70 million in the same period of 2021, an increase of 10.6%[136]. Research and Development - The R&D expenditure as a percentage of revenue increased to 8.82%, up from 7.98% in the previous year[18]. - The company reported a total of 21,480,350.44 CNY in R&D expenses for the current period, representing a 46.22% increase compared to 14,690,313.74 CNY in the same period last year[45]. - The company has developed a new "P-type gear" design for harmonic reducers, significantly improving output efficiency and load torque, achieving leading domestic performance in key metrics such as backlash and positioning accuracy[38]. - The company has established several research centers and partnerships with universities to enhance its R&D capabilities, including the Jiangsu Provincial Harmonic Reducer Engineering Research Center[51]. - The company is focusing on developing new products and technologies to meet the growing demand in various industries, including robotics and precision machinery[47]. Product Development and Innovation - The company specializes in precision transmission devices, including harmonic reducers and mechatronic actuators, widely used in high-end manufacturing sectors[21]. - The company has achieved industrial production and large-scale application of harmonic reducers, breaking the monopoly of international brands in the domestic market[21]. - The E series harmonic reducers have improved vibration performance and oil leakage prevention by 3-5 times compared to previous products[23]. - The company has integrated a high-torque motor, third-generation harmonic reducer, and hydraulic brake into a compact unit, providing high rigidity, precision, and large output torque capabilities[39]. - The company has launched a modular harmonic drive CNC turntable technology, which features high performance and ease of installation, suitable for a wide range of applications[39]. Market Position and Strategy - The domestic harmonic reducer industry is in a growth phase, with rapid market growth and a significant supply gap in core components like precision harmonic reducers[33]. - The company has established a competitive advantage in the industrial robot harmonic reducer sector, significantly reducing procurement costs and cycles for domestic robot manufacturers[35]. - The global industrial robot reducer market is dominated by Harmonic Drive and Nabtesco, which hold approximately 70% market share[35]. - The company is actively expanding its production capacity despite challenges posed by the pandemic, aiming to enhance its market position[59]. - The company is focusing on improving technical service capabilities to meet rising demands from downstream customers for system solutions[36]. Financial Health and Risks - The net cash flow from operating activities decreased by 47.27% to CNY 28,381,821.76, primarily due to increased cash outflows related to production and R&D[18]. - The company faced a significant increase in short-term borrowings, which rose by 445.28% to approximately ¥80.04 million, indicating a potential liquidity risk[69]. - The company reported a decrease in other current liabilities to ¥23,790,210.10 from ¥36,413,042.62, a reduction of about 34.7%[129]. - The company is at risk of losing core technical personnel due to increased competition for talent in the industry, which could impact its technological advantage[61]. - The company’s comprehensive gross profit margin may decline due to factors such as market environment changes and rising costs, which could significantly affect profitability[65]. Shareholder and Capital Management - The company has committed to stabilizing its stock price for three years following its A-share listing, with specific conditions for initiating and halting stabilization measures[90]. - The company will repurchase shares if the stock price falls below the latest audited net asset value for 20 consecutive trading days, with a maximum repurchase limit of 3% of total shares[91]. - Major shareholder Zuo Jing increased holdings by 9,826,611 shares, holding a total of 34,382,637 shares, representing 20.40% of total shares[122]. - The company has not reported any significant changes in shareholder structure or other major events during the reporting period[114]. - The company has not disclosed any significant equity or non-equity investments during the reporting period[71]. Compliance and Environmental Responsibility - There were no environmental penalties or violations reported during the reporting period, indicating compliance with environmental regulations[78]. - The company has installed and utilized exhaust gas treatment equipment in workshops and on rooftops, effectively improving exhaust emissions[80]. - Energy-saving measures, including the renovation of lighting and the consolidation of air compressors, have reduced electricity consumption[80]. - Throughout 2022, the company strictly adhered to safety and environmental management systems, resulting in no major safety or environmental incidents[80]. - The company promotes a paperless office initiative, encouraging double-sided printing and the reuse of single-sided waste paper[80]. Accounting and Financial Reporting - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[168]. - The company adopts a 12-month operating cycle for the classification of assets and liabilities[169]. - The company has established specific accounting policies and estimates based on its actual production and operational characteristics, including provisions for bad debts and inventory valuation methods[167]. - The company recognizes its share of assets and liabilities in joint operations according to relevant accounting standards, confirming individually held assets and liabilities as well as shared ones[173]. - The company assesses expected credit losses for receivables based on significant increases in credit risk, with provisions calculated for the entire lifetime of the asset if credit risk has significantly increased[182].

Financial Performance - The company's operating revenue for Q1 2022 was ¥93,853,241.98, representing a year-on-year increase of 22.01%[4] - The net profit attributable to shareholders was ¥36,504,004.64, with a slight increase of 0.18% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥26,482,567.86, reflecting a growth of 10.78% year-on-year[4] - Total profit for Q1 2022 reached approximately 43.32 million, compared to 43.08 million in Q1 2021, reflecting a year-over-year increase of about 0.56%[20] - Net profit for Q1 2022 was approximately 36.63 million, slightly up from 36.45 million in Q1 2021, indicating a growth of about 0.47%[20] - The total comprehensive income for Q1 2022 was approximately 36.63 million, compared to 36.45 million in Q1 2021, marking a year-over-year increase of about 0.49%[21] - Basic earnings per share for Q1 2022 were 0.3031, a marginal increase from 0.3026 in Q1 2021[21] Cash Flow - The net cash flow from operating activities decreased by 60.21% to ¥9,121,720.37[4] - Cash flow from operating activities for Q1 2022 was approximately 9.12 million, down from 22.93 million in Q1 2021, representing a decline of about 60%[24] - Cash inflow from investment activities in Q1 2022 was approximately 151.46 million, compared to 88.76 million in Q1 2021, showing an increase of about 70.5%[24] - Cash outflow from investment activities for Q1 2022 was approximately 146.08 million, up from 105.27 million in Q1 2021, indicating an increase of about 38.8%[24] - Net cash flow from financing activities for Q1 2022 was approximately -10.09 million, compared to -9.98 million in Q1 2021, reflecting a slight increase in cash outflow[25] - The ending cash and cash equivalents balance for Q1 2022 was approximately 600.89 million, up from 521.39 million at the end of Q1 2021, representing an increase of about 15.2%[25] Research and Development - R&D expenses totaled ¥11,474,642.00, an increase of 69.64% year-on-year, accounting for 12.23% of operating revenue, up by 3.43 percentage points[6] - Research and development expenses rose to RMB 11,474,642.00 in Q1 2022, compared to RMB 6,764,247.24 in Q1 2021, marking a 70% increase[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,094,739,836.72, a slight increase of 0.49% from the end of the previous year[6] - The total assets of the company reached RMB 2,094,739,836.72 as of March 31, 2022, compared to RMB 2,084,461,088.36 at the end of 2021[17] - The total liabilities decreased to RMB 221,626,237.92 in Q1 2022 from RMB 250,152,317.78 in the previous year[16] - The equity attributable to shareholders increased to RMB 1,875,644,846.85 in Q1 2022 from RMB 1,836,964,049.10 in Q1 2021[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,996[10] - The top shareholder, Zuo Yuyu, holds 24,559,026 shares, representing 20.40% of the total shares[11] Other Financial Metrics - The weighted average return on equity was 1.97%, a decrease of 0.18 percentage points compared to the previous year[6] - Non-recurring gains and losses amounted to ¥10,021,436.78, with government subsidies contributing ¥8,094,096.17[8] - The total operating costs for Q1 2022 were RMB 59,067,848.75, up from RMB 43,214,763.59 in Q1 2021, reflecting a 37% increase[18] - The company reported a decrease in accounts payable to RMB 76,714,725.30 in Q1 2022 from RMB 87,820,805.66 in Q1 2021, a reduction of approximately 13%[16] - The company’s inventory increased to RMB 197,470,962.72 in Q1 2022 from RMB 179,218,565.95 in Q1 2021, reflecting an increase of about 10%[15] - The company’s short-term borrowings decreased significantly to RMB 4,658,838.21 in Q1 2022 from RMB 14,678,272.68 in Q1 2021, a reduction of approximately 68%[16] - Interest income for Q1 2022 was approximately 4.93 million, a slight decrease from 4.97 million in Q1 2021[20]