Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 15%[1] - The company's operating revenue for the first half of 2021 was ¥229,797,275.05, representing a 67.46% increase compared to ¥137,227,782.66 in the same period last year[22] - The net profit attributable to shareholders for the first half of 2021 was ¥74,018,357.16, a significant increase of 114.63% from ¥34,486,016.26 in the previous year[22] - The net cash flow from operating activities reached ¥80,842,847.60, up 162.01% from ¥30,854,590.53 in the same period last year[22] - The company's total assets increased by 59.13% to ¥984,018,304.25 from ¥618,375,995.49 at the end of the previous year[22] - The net assets attributable to shareholders rose to ¥800,870,411.48, a 94.78% increase from ¥411,169,988.01 at the end of the previous year[22] - Basic earnings per share for the first half of 2021 were ¥1.83, up 75.96% from ¥1.04 in the same period last year[23] - The strong growth in revenue was attributed to improved product performance, increased production capacity, and a recovering domestic economy post-COVID-19[24] Market Expansion and Strategy - The company plans to launch two new product lines in Q3 2021, aiming to capture an additional 10% market share in the precision tools sector[1] - The company is expanding its market presence in Southeast Asia, with plans to establish a new distribution center in Singapore by the end of 2021[1] - The company has established a national sales network covering over 20 provinces and cities, focusing on major markets in South China, East China, and North China[35] - The company plans to continue establishing a robust sales network and expand the specialty store model, aiming to enhance its influence among end users and become a leading supplier of comprehensive cutting solutions in China[37] Research and Development - Research and development expenses increased by 30% to RMB 15 million, focusing on advanced cutting tool technologies[1] - The company's R&D investment as a percentage of operating revenue decreased by 2.47 percentage points to 4.38% compared to 6.85% in the previous year[23] - R&D investment increased by 7.26% compared to the same period last year, despite the decrease in percentage due to significant revenue growth[24] - The company has developed core technologies in four key areas: substrate materials, groove structures, precision forming, and surface coating, enhancing the performance of carbide cutting tools[31] - The company has applied for a total of 69 patents, with 52 granted and 40 currently valid, including 11 invention patents[48] Product Development and Innovation - The company aims to enhance the high-speed cutting performance of its tools to meet customer demands for efficient processing, introducing new products that achieve higher cutting speeds and depths without compromising tool life[42] - The company has developed 60 different groove structures tailored for various machining applications, improving cutting efficiency and tool lifespan[45] - The company has successfully developed a new generation of economical shoulder milling cutters, the S/CSM390 series, with 71 matching specifications for tool bodies[46] - The company has introduced five new heavy-duty turning tool structures for the railway and energy industries, enhancing the heavy-duty processing tool series[47] Risks and Challenges - The management highlighted potential risks including supply chain disruptions and fluctuating raw material prices, which could impact future performance[1] - The company faces risks from the rapid development of the hard alloy CNC blade industry, particularly in retaining high-end R&D talent, which is crucial for its continuous innovation and development[69] - The company is at risk of being outpaced by domestic competitors and international firms if it fails to keep up with technological advancements in cutting tool technology[69] - The company's products are significantly impacted by fluctuations in the prices of key raw materials, which are influenced by global economic conditions and supply-demand dynamics[71] Environmental and Regulatory Compliance - The company strictly adheres to environmental laws and regulations, ensuring minimal increase in pollutant emissions from new projects to achieve sustainable economic and environmental development[95] - The company has engaged qualified third-party inspection agencies to monitor emissions, confirming compliance with environmental standards[94] - The company has implemented a self-monitoring plan for pollutant emissions, with all detected pollutants meeting the required standards[98] Shareholder and Governance Matters - The company has committed to various share lock-up agreements related to its initial public offering, ensuring stability in its shareholder structure[104] - The company will distribute at least 30% of the average annual distributable profits in cash over the next three years post-listing[137] - The company guarantees that there will be no fraudulent issuance of shares during the IPO process, committing to repurchase all newly issued shares if fraud is confirmed[132] - The company will enhance corporate governance to ensure shareholders can fully exercise their rights and protect the interests of minority shareholders[134]

证券代码：688059 证券简称：华锐精密 公告编号：2021-043 株洲华锐精密工具股份有限公司 关于参加2021 年湖南辖区上市公司投资者网上集体接待日 活动的公告 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、准确性和完整性依法承担法律责任。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，株洲华锐精密工具股份有限公司（以下简称"公司"）将参加由湖南证监局 主办、湖南省上市公司协会与深圳市全景网络有限公司协办的 2021 年湖南辖区 上市公司投资者网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将采取网络远程的方式举行，投资者可以登录"全景·路 演天下"网站（http://rs.p5w.net）参与本次投资者网上集体接待日活动，活动时间 为 2021 年 9 月 24 日（星期五）15:00-17:00。 届时公司董事会秘书段艳兰女士、证券事务代表姚天纵先生将通过网络文字 交流形式与投资者进行沟通。欢迎广大投资者积极参与。 特此公告。 株洲华锐精密工具股份有限公司董事会 2021 年 9 月 23 日 ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 15%[1] - The company's operating revenue for the first half of 2021 was ¥229,797,275.05, representing a year-on-year increase of 67.46% compared to ¥137,227,782.66 in the same period last year[22] - The net profit attributable to shareholders for the first half of 2021 was ¥74,331,736.88, a significant increase of 115.54% from ¥34,486,016.26 in the previous year[22] - Operating profit reached 85.87 million yuan, up 110.48% year-on-year[66] - The total comprehensive income for the first half of 2021 was RMB 74,331,736.88, compared to RMB 34,486,016.26 in the same period last year, indicating a growth of 115.5%[191] - The net cash flow from operating activities reached ¥80,746,817.03, up 161.70% from ¥30,854,590.53 in the same period last year[22] - The basic earnings per share for the first half of 2021 was ¥1.84, a 76.92% increase compared to ¥1.04 in the same period last year[23] Market Expansion and Strategy - The company plans to launch two new product lines in Q3 2021, aiming to capture an additional 10% market share in the precision tools sector[1] - The company is expanding its market presence in Southeast Asia, with plans to establish a new distribution center in Singapore by Q4 2021[1] - The company plans to continue establishing a robust sales network and gradually expand the specialty store model, aiming to enhance its influence among end users and become a leading supplier of comprehensive cutting solutions in China[37] - The company has established a dealer system covering major markets in East, South, and North China, with 47 specialty stores enhancing market influence[64] Research and Development - Research and development expenses increased by 30% to RMB 50 million, focusing on advanced cutting tool technologies[1] - The company has developed core technologies in four areas: substrate materials, groove structures, precision forming, and surface coating[31] - The company has established a complete R&D model focusing on basic research and new product development, with a strategic emphasis on "concentrating advantages and breaking through single products" to drive technological progress[37] - The total R&D expenditure for the period was ¥10,076,037.44, representing a 7.26% increase compared to the previous period's ¥9,394,274.29[50] - The company has applied for a total of 69 patents and has obtained 52 patents, with 40 currently valid patents as of the end of the reporting period[48] Production and Operational Efficiency - The company has implemented new strategies to enhance operational efficiency, aiming for a 10% reduction in production costs by the end of 2021[1] - The production yield rate exceeds 95%, indicating high efficiency in the manufacturing process[63] - The standard production cycle for the company's products is generally around 5-7 weeks, ensuring efficient production management[34] - The company adopts a production model of "sales-driven production + moderate inventory" to respond quickly to customer demands[34] Financial Position and Assets - The company's total assets increased by 58.56% to ¥980,503,388.59 from ¥618,375,995.49 at the end of the previous year[22] - Cash and cash equivalents increased to ¥164,686,487.90, representing 16.80% of total assets, primarily due to funds raised from the initial public offering[79] - Accounts receivable rose to ¥92,517,267.47, accounting for 9.44% of total assets, reflecting a 44.40% increase driven by revenue growth and expanded business scale[79] - Inventory increased by 35.04% to ¥76,630,275.31, representing 7.82% of total assets, as the company expanded its sales scale and increased raw material stock[79] Environmental Responsibility - The company has effectively managed its environmental impact, ensuring that all waste emissions meet regulatory standards, with no administrative penalties reported[92] - The company has implemented a heat recovery system to utilize waste heat from production processes, contributing to energy savings and reduced carbon emissions[99] - Environmental monitoring reports confirm that all pollutants emitted by the company are within acceptable limits, demonstrating compliance with environmental regulations[96] Shareholder Commitments and Governance - The actual controller, Xiao Xukai, has a share lock-up commitment for 36 months from the date of listing[102] - The company has commitments to resolve industry competition and related transactions, which are effective for the long term[104] - The company guarantees strict adherence to commitments disclosed in the IPO prospectus, including public explanations for any non-compliance[142] - The company emphasizes the importance of corporate governance to protect shareholder rights and ensure prudent decision-making by the board[131]

Financial Performance - Net profit attributable to shareholders increased by 261.66% to CNY 34,316,745.28 year-over-year[6] - Operating income rose by 111.77% to CNY 109,934,468.49 compared to the same period last year[6] - Basic earnings per share increased by 224.14% to CNY 0.94[6] - The company's operating revenue for Q1 2021 reached RMB 109,934,468.49, representing a 111.77% increase compared to RMB 51,911,063.18 in Q1 2020[15] - The net profit for Q1 2021 reached ¥34.32 million, representing a substantial growth of 262.5% from ¥9.49 million in Q1 2020[23] - The operating profit for Q1 2021 was approximately ¥39.63 million, up by 268.5% from ¥10.75 million in Q1 2020[22] - The company’s total profit for Q1 2021 was approximately ¥39.58 million, compared to ¥10.61 million in Q1 2020, marking a growth of 273.5%[23] Assets and Liabilities - Total assets increased by 56.53% to CNY 967,942,253.38 compared to the end of the previous year[6] - The company's total liabilities decreased to ¥162,765,453.78 from ¥207,206,007.48 at the end of the previous year[20] - Current assets totaled ¥570,981,016.81, up from ¥234,508,842.35 at the end of 2020[19] - The owner's equity increased to ¥805,176,799.60, compared to ¥411,169,988.01 at the end of 2020[21] Cash Flow - Net cash flow from operating activities improved by 244.65% to CNY 13,933,042.99 compared to the same period last year[6] - The cash flow from operating activities for Q1 2021 was ¥13.93 million, a turnaround from a negative cash flow of ¥9.63 million in Q1 2020[25] - The net cash flow from investing activities was -¥186,714,579.74, a significant decrease of 2573.16% year-on-year, mainly due to cash management of temporarily idle raised funds[16] - The net cash flow from financing activities reached ¥332,552,254.87, a 1537.90% increase compared to the previous year, primarily due to funds raised from the initial public offering[16] Shareholder Information - The total number of shareholders reached 2,650 by the end of the reporting period[12] - The top shareholder, Zhuzhou Xinkai Investment Management Co., Ltd., holds 5,643,000 shares, accounting for 17.10% of total shares[12] - The total number of shares outstanding increased by 33.33% to 44,008,000 shares following the IPO[15] Expenses and Costs - Management expenses rose to ¥7,257,496.35, a 107.12% increase year-on-year, mainly due to increased personnel compensation and promotional expenses[16] - Research and development expenses as a percentage of revenue decreased by 3.99 percentage points to 4.25%[8] - The research and development expenses for Q1 2021 were approximately ¥4.67 million, slightly up from ¥4.28 million in Q1 2020[22] - The gross profit margin improved significantly, with operating costs rising to RMB 53,209,523.15, an increase of 89.62% from RMB 28,061,050.49 in the same period last year[15] Future Plans - The company plans to enhance product performance and expand its market presence in the automotive and machinery sectors, which are showing positive growth trends[15] - The company is focusing on improving its cash management by utilizing part of the raised funds for temporary investments[14] Other Income and Tax - Other income increased significantly to ¥812,862.66, a 333.26% rise, primarily due to increased government subsidies[16] - Income tax expenses surged to ¥5,260,853.21, a 369.42% increase, mainly due to the rise in total profit for the period[16]

Financial Performance - The company reported a distributable profit of RMB 179,507,247.43 as of December 31, 2020, with a proposed cash dividend of RMB 10 per 10 shares, totaling RMB 44.008 million, resulting in a cash dividend payout ratio of 49.44%[5]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% growth compared to the previous year[22]. - The company's operating revenue for 2020 was ¥312,185,917.22, representing a year-on-year increase of 20.57% compared to ¥258,929,016.20 in 2019[23]. - Net profit attributable to shareholders was ¥89,004,917.53, up 23.94% from ¥71,811,923.45 in the previous year[23]. - The basic earnings per share for 2020 was ¥2.70, reflecting a 23.85% increase from ¥2.18 in 2019[24]. - The gross margin improved to 40%, up from 35% in the previous year, reflecting better cost management and pricing strategies[22]. - The company's total assets increased to ¥618,375,995.49, a growth of 16.44% from ¥531,045,696.46 at the end of 2019[23]. - The net profit after deducting non-recurring gains and losses was ¥88,334,901.43, which is a 29.61% increase from ¥68,153,294.58 in 2019[23]. Research and Development - Research and development investments increased by 30%, totaling 150 million RMB, aimed at enhancing product innovation and technology[22]. - The company has developed core technologies in four key areas: substrate materials, groove structures, precision forming, and surface coating, enhancing the performance and manufacturing processes of its products[34]. - Total R&D expenses increased by 16.18% year-over-year, reaching ¥197,524,286.2, compared to ¥170,013,724.3 in the previous year[56]. - The company has applied for a total of 66 patents, with 46 granted and 33 currently valid, including 10 invention patents[54]. - The company has successfully developed 9 types of nano-coating materials and 20 coating processes, significantly enhancing the comprehensive performance of products[51]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[22]. - The company plans to continue expanding its dealer network and enhance its market influence through the establishment of specialty stores, aiming to become a leading supplier of comprehensive cutting solutions in China[40]. - The company is focusing on the development of ultra-fine nano hard alloy materials, with a total investment of ¥3,200,000 planned for the project[59]. - The company aims to enhance its capabilities in the aerospace tool market by focusing on the development of high-performance materials for difficult-to-machine materials[49]. - The company is exploring strategic acquisitions to enhance its product portfolio and market reach, with a budget of 300 million RMB allocated for potential mergers[22]. Corporate Governance and Compliance - The audit report issued by Tianzhi International Accounting Firm confirmed the accuracy and completeness of the financial report without reservations[4]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[7]. - The company’s board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance[4]. - The company has not disclosed any special arrangements for corporate governance in the report[8]. - The company has committed to adjusting its profit distribution policy in accordance with national regulations and the company's operational conditions, requiring approval from the board and shareholders[136]. Risk Management - The company has disclosed various operational risks and corresponding mitigation measures in the report, emphasizing the importance of risk awareness for investors[4]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a substantive commitment to investors[6]. - The company is facing risks related to technology upgrades and potential loss of core competitive advantages if it fails to keep pace with industry developments[80]. - The company anticipates potential market pressure from the increasing performance of ceramic and superhard tools, which may encroach on the traditional market for carbide tools[85]. Shareholder Relations and Profit Distribution - The company plans to implement a stable profit distribution policy, with cash dividends not less than 10% of the distributable profits if no major investment plans exist[133]. - Future cash distributions will aim for a cumulative profit distribution of at least 30% over the first three years post-IPO[133]. - The company will communicate with minority shareholders regarding profit distribution proposals, ensuring their opinions are considered in decision-making[135]. - The company did not distribute any cash dividends in 2020, maintaining a cash dividend of 10.00 RMB per 10 shares in 2019 and 3.00 RMB in 2018, with a payout ratio of 49.44% in 2020[137]. - The company’s profit distribution policy adjustments must be detailed and justified in proposals submitted to the shareholders[136].