2022 年第一季度报告 证券代码：688090 证券简称：瑞松科技 广州瑞松智能科技股份有限公司 2022 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | | 本报告期比上年 | | | --- | --- | --- | --- | --- | | | | | 同期增减变动幅 | | | | | | 度(%) | | | 营业收入 | | 286,409,896.33 | | 49.28 | | 归属于上市公司股东 的净利润 | | 7,461,788.02 | | 204.04 | 1 / ...

2021 年第三季度报告 证券代码：688090 证券简称：瑞松科技 广州瑞松智能科技股份有限公司 2021 年第三季度报告 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。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 249,249,173.82 | 10.91 | 710,299,987.62 | 9.6 ...

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 25%[14]. - The net profit attributable to shareholders for the same period was RMB 80 million, up 15% compared to the previous year[14]. - Revenue for the first half of the year reached ¥461,050,813.80, representing an 8.95% increase compared to the same period last year[20]. - The net profit attributable to shareholders decreased by 60.28% to ¥10,676,783.30, primarily due to increased R&D investments and rising raw material costs[21]. - Basic earnings per share fell by 63.64% to ¥0.16, reflecting the decline in net profit[20]. - The company reported a total revenue of 19,253 million RMB, with a net profit of 6,570.83 million RMB, indicating a significant performance in the first half of 2021[89]. - The company developed advanced welding technologies for the automotive industry, achieving a revenue of 18,413 million RMB, with a net profit of 8,490.39 million RMB[87]. - The company has expanded its focus on new energy vehicles, generating 15,967 million RMB in revenue and a net profit of 7,218.83 million RMB[88]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies for the upcoming fiscal year[14]. - R&D expenditure accounted for 4.59% of operating revenue, an increase of 0.35 percentage points year-on-year[20]. - The company achieved a total R&D investment of ¥21,176,898.30 in the first half of 2021, representing an 18.13% increase compared to ¥17,927,472.64 in the previous period[80]. - The company applied for 3 new domestic invention patents and received approval for 1 invention patent during the reporting period, bringing the total number of invention patents to 161[77]. - The number of R&D personnel increased to 136, representing 28.27% of the total workforce, with a total R&D salary of 13,863,156.99 RMB[93]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2022[14]. - The company is actively expanding its customer base in the general industrial sector, contributing to revenue growth[21]. - The company is focusing on core technology and product development while expanding horizontally and vertically in segmented markets[103]. - The company is enhancing its talent development and incentive systems to build a competitive environment and improve overall management[103]. - The company is committed to improving its supply chain and accelerating talent development to seek more growth opportunities while maintaining stable operations[103]. Technological Innovation - New product development includes the launch of an advanced robotic automation system, expected to increase production efficiency by 40%[14]. - The integration of industrial robots with digital technologies such as big data, cloud computing, and AI is crucial for upgrading industrial smart manufacturing[33]. - The company has invested significantly in R&D to strengthen its core technologies and expand its market presence, focusing on high-end customer demands[37]. - The company has developed multiple core technologies in robotic control, automation system integration, and advanced welding processes, positioning itself at the forefront of the industry[71]. - The integration of emerging technologies like AI, big data, and IoT with robotics is expected to drive the evolution of the robotics industry, enhancing product forms and business models[40]. Operational Challenges - The company faced challenges from rising costs and intensified competition, impacting project profit margins[21]. - Operating costs rose to 39,760.37 million RMB, reflecting a 12.36% increase year-on-year, primarily due to rising raw material prices and supply chain disruptions caused by the pandemic[111]. - The company reported a significant decrease of 111.56% in net cash flow from financing activities, primarily due to the absence of funds from the initial public offering in the previous year[111]. - The automotive industry, a key market for the company, is experiencing fluctuations that could impact revenue stability due to high dependency on major clients[106]. Corporate Governance and Compliance - The company has established a complete quality management system, achieving ISO 9001:2015 and ISO 14001:2015 certifications[98]. - The company has committed to a profit distribution policy, ensuring fair returns to shareholders[150]. - The company has no significant litigation or arbitration matters during the reporting period[151]. - The company and its controlling shareholders have maintained a good faith status, complying with all relevant laws and regulations without any instances of dishonesty[151]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[151].

Financial Performance - Operating revenue for the period was CNY 191,855,269.51, down 0.27% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 924,428.12, representing an 86.63% decrease compared to the same period last year[5] - Basic and diluted earnings per share were both CNY 0.04, down 84.00% from CNY 0.25 in the previous year[5] - The net profit attributable to shareholders for Q1 2021 was RMB 245.42 million, representing a decline of 82.79% year-over-year[15] - The company expects a significant decline in net profit for the first half of 2021 compared to the same period last year due to reduced government subsidies and increased R&D investments[15] - Total operating revenue for Q1 2021 was ¥191,855,269.51, a slight decrease of 0.27% compared to ¥192,371,527.35 in Q1 2020[26] - Net profit for Q1 2021 was ¥1,547,504.05, a significant decline of 89.78% from ¥15,116,779.59 in Q1 2020[27] - The total profit for Q1 2021 was ¥61,904.76, a decrease of 99.61% from ¥16,083,484.21 in Q1 2020[27] - The company’s operating profit for Q1 2021 was ¥134,970.81, a drastic decline from ¥16,085,363.55 in Q1 2020[26] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -113,713,796.13, indicating a significant increase in cash outflow compared to CNY -87,565,271.73 in the previous year[5] - The company reported a net cash outflow from operating activities of RMB -113,713,796.13 for Q1 2021, compared to RMB -87,565,271.73 in Q1 2020[14] - In Q1 2021, the company's cash inflow from operating activities totaled ¥150,884,864.51, a decrease of 15% compared to ¥176,868,055.02 in Q1 2020[34] - The net cash flow from operating activities was -¥113,713,796.13 in Q1 2021, worsening from -¥87,565,271.73 in Q1 2020[34] - Cash outflow for purchasing goods and services increased to ¥224,964,632.02 in Q1 2021, up from ¥213,279,028.09 in Q1 2020, reflecting a 3.9% rise[34] - The ending cash and cash equivalents balance was ¥371,802,137.10 in Q1 2021, down from ¥460,067,167.13 in Q1 2020, indicating a decline of 19.2%[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,643,229,680.38, a decrease of 0.27% compared to the end of the previous year[5] - Total assets decreased from ¥1,647,597,244.34 to ¥1,643,229,680.38, a decline of approximately 0.22%[20] - Non-current assets totaled ¥426,012,267.95, down from ¥432,671,421.97, representing a decrease of about 1.1%[20] - Current liabilities slightly decreased from ¥602,944,549.11 to ¥600,090,200.76, a reduction of approximately 0.46%[20] - Total liabilities decreased from ¥673,401,012.95 to ¥667,485,944.93, reflecting a decline of about 0.14%[21] - Shareholders' equity increased from ¥974,196,231.39 to ¥975,743,735.45, an increase of approximately 0.16%[21] - Cash and cash equivalents decreased from ¥405,017,662.95 to ¥365,241,290.67, a decline of about 9.83%[23] - Accounts receivable increased significantly by 9805.85% to RMB 46,460,490.00 compared to RMB 469,020.50 in the previous period[11] - Accounts receivable increased from ¥128,854,783.08 to ¥156,476,385.44, an increase of approximately 21.5%[24] - Inventory rose from ¥47,088,048.43 to ¥70,334,345.45, representing an increase of about 49.3%[24] Research and Development - R&D investment accounted for 5.20% of operating revenue, an increase of 0.39 percentage points from the previous year[6] - Research and development expenses for Q1 2021 were ¥9,970,536.86, an increase of 7.8% compared to ¥9,250,206.41 in Q1 2020[26] - The company plans to increase investments in digital business and laser technology R&D to enhance technical capabilities and expand its business[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,891[8] - The largest shareholder, Sun Zhiqiang, held 20,125,435 shares, representing 29.88% of the total shares[9] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 1,529,786.95 for the period[7] - The weighted average return on net assets decreased by 1.93 percentage points to 0.26%[5] - Sales expenses rose by 45.08% to RMB 8,481,340.54, driven by increased travel, hospitality, and after-sales service costs[13] - The company experienced a 180.81% increase in prepayments to RMB 39,074,989.91 due to new project material prepayments[11] - The company anticipates that the gross profit margin will decline due to rising raw material costs and intensified industry competition[15] - The company reported a credit impairment loss of ¥-860,950.27, an improvement from ¥-1,277,884.84 in the previous year[26] - The company experienced a decrease in other income, which fell to ¥3,718,252.92 from ¥8,888,312.38 year-over-year[26] - The total comprehensive income for Q1 2021 was ¥1,547,504.05, down from ¥15,116,779.59 in Q1 2020[27]

Financial Performance - The company's operating revenue for 2020 was CNY 798,906,310.35, representing a year-on-year increase of 9.33%[23]. - Net profit attributable to shareholders decreased by 18.26% to CNY 49,939,878.10, while the net profit after deducting non-recurring gains and losses fell by 44.69% to CNY 25,988,771.54[23][25]. - The net cash flow from operating activities dropped significantly by 88.00% to CNY 12,140,731.14, primarily due to increased material purchases and slower customer payment speeds[23][25]. - Total assets increased by 25.95% to CNY 1,647,597,244.34, and net assets attributable to shareholders rose by 83.22% to CNY 933,645,227.58, largely due to funds raised from the company's listing on the Sci-Tech Innovation Board[23][25]. - Basic earnings per share decreased by 36.36% to CNY 0.77, attributed to a decline in net profit and an increase in the number of shares post-listing[24][25]. - The company reported a total revenue of 141,240,700.00 RMB, with a net profit of 91,715,668.27 RMB, reflecting a significant increase in financial performance[91]. - The company achieved total operating revenue of ¥798,906,310.35, a 9.33% increase compared to the same period last year[120]. - The net profit attributable to the parent company was 49.94 million yuan, a decrease of 18.26% compared to the previous year[105]. Research and Development - The company's R&D expenditure as a percentage of operating revenue increased to 4.84%, up by 0.48 percentage points from the previous year[24]. - Total R&D expenditure increased by 21.11% year-on-year to approximately ¥38.63 million, representing 4.84% of operating revenue[85]. - The number of R&D personnel increased to 131, accounting for 25.84% of the total workforce, up from 24.19% in the previous year[94]. - The company applied for 28 domestic invention patents and received approval for 3, along with 27 utility model patents, of which 24 were approved[79]. - The company is focused on providing customized digital intelligent manufacturing solutions, ensuring stability and reliability in robotic production lines and equipment[98]. - The company is committed to enhancing its R&D capabilities and expanding into high-end markets to solidify its market position[168]. Market and Industry Trends - The robotics and automation industry is a key area for China's manufacturing development, with significant government expectations for breakthroughs in key components and high-end products[58]. - The demand for industrial robots in key downstream sectors such as automotive manufacturing, 3C electronics, and high-speed rail continues to expand, providing favorable conditions for business growth[70]. - The automotive industry, which is the company's primary market, is experiencing fluctuations that could impact revenue stability due to high client concentration[111]. - The global outlook for industrial robots is optimistic, with expected sales of 465,000 units in 2020, 522,000 units in 2021, and 584,000 units in 2022, representing growth rates of 24.7%, 12.3%, and 11.9% respectively[156]. - The automotive manufacturing sector is expected to continue its steady growth due to urbanization, rising consumer purchasing power, and the increasing demand for new energy vehicles[159]. Operational Risks and Management - The company has detailed various operational risks and corresponding mitigation measures in the report[4]. - The company emphasizes that any forward-looking statements do not constitute a commitment to investors, highlighting the associated investment risks[7]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has not faced any issues with a majority of directors being unable to ensure the accuracy and completeness of the annual report[9]. Profit Distribution Policy - The proposed profit distribution plan for 2020 includes a cash dividend of 2.23 RMB per 10 shares, totaling approximately 15.02 million RMB, which accounts for 30.08% of the net profit attributable to shareholders[6]. - The company has set a cash dividend policy where the cash dividend ratio will not be less than 10% of the distributable profit if the company is profitable[176]. - The company will prioritize cash dividends, with a minimum of 80% for mature stages without major capital expenditures, and 40% if there are significant expenditures[176]. - The company emphasizes the importance of maintaining a stable profit distribution policy to ensure reasonable returns for investors[180]. - Any shareholder found to be misappropriating company funds will have their cash dividends deducted to repay the occupied funds[180]. Technological Advancements - The company has developed advanced technologies such as flexible high-speed intelligent assembly and online visual guidance, enhancing its competitive edge in the robotics sector[39]. - The integration of emerging technologies like AI, big data, and IoT with robotics is expected to drive the evolution of the industry, impacting product forms and business models[71]. - The company has developed advanced welding technologies, such as friction stir welding and laser welding, which are becoming preferred processes in various industries due to their efficiency and quality[72]. - The company has integrated artificial intelligence and cloud platform technologies to enhance product intelligence, providing advanced and reliable welding equipment and technology[74]. - The company has developed a fully automated high-speed precision battery assembly and testing system, significantly improving production efficiency and precision[80]. Corporate Governance and Shareholder Commitments - The controlling shareholder and actual controller, Sun Zhiqiang, committed not to transfer or manage shares held before the IPO for 36 months post-listing and 6 months after leaving the company[188]. - The board members and senior management have committed to not transferring shares for 12 months post-listing and 6 months after leaving the company[193]. - The company will take legal responsibility for any violations of the shareholding commitments made by its directors and senior management[194]. - The actual controller and major shareholder, Sun Zhiqiang, committed to not reducing their shareholding before the company achieves profitability, which is expected to last for three complete fiscal years post-IPO[196]. Business Expansion and Strategy - The company plans to continue expanding its market presence and developing new products to enhance revenue streams in the future[25]. - The company has expanded its business scope beyond the automotive industry to include automotive parts, 3C, machinery, elevators, motorcycles, and shipping[39]. - The company is actively involved in the development of new products and technologies, including a robot-based friction stir welding system aimed at the new energy vehicle sector[91]. - The company plans to deepen its application in key industries such as automotive, 3C, and marine engineering, while also expanding into new growth areas like new energy vehicles and aerospace[169].

Financial Performance - Operating revenue for the first nine months reached CNY 647,893,438.57, a 33.02% increase year-on-year[6] - Net profit attributable to shareholders decreased by 0.53% to CNY 42,033,263.81 compared to the same period last year[6] - Basic earnings per share decreased by 21.43% to CNY 0.66[7] - Total operating revenue for Q3 2020 was approximately ¥224.73 million, a 34% increase from ¥167.74 million in Q3 2019[30] - Net profit for Q3 2020 was approximately ¥15.44 million, compared to ¥28.26 million in Q3 2019, indicating a decrease of 45%[31] - Total profit for the first three quarters of 2020 was approximately ¥45.56 million, compared to ¥51.27 million in the same period of 2019, a decrease of 11%[31] Assets and Liabilities - Total assets increased by 26.75% to CNY 1,658,151,089.04 compared to the end of the previous year[6] - Current liabilities rose to CNY 601,607,165.56, compared to CNY 523,736,754.61, marking an increase of about 15%[24] - Non-current liabilities decreased significantly to CNY 73,836,400.68 from CNY 238,448,264.97, a reduction of approximately 69%[25] - Total liabilities decreased to CNY 675,443,566.24 from CNY 762,185,019.58, a decline of approximately 11%[25] - The company's long-term borrowings decreased by 83.06% to RMB 25,332,035.92, as part of the repayment of loans using raised funds[16] Shareholder Information - The company had a total of 6,640 shareholders at the end of the reporting period[11] - The top shareholder, Sun Zhiqiang, holds 20,125,435 shares, accounting for 29.88% of the total shares[12] - Net assets attributable to shareholders increased by 84.02% to CNY 937,736,607.95 compared to the end of the previous year[6] - The company reported a significant increase in total equity attributable to shareholders, rising to CNY 937,736,607.95 from CNY 509,587,496.92, a growth of around 84%[25] Cash Flow - The net cash flow from operating activities for the first nine months was negative CNY 102,419,648.75, compared to negative CNY 18,307,954.03 in the same period last year[6] - The cash flow from operating activities for the first three quarters of 2020 was negative at -¥102,419,648.75, compared to -¥18,307,954.03 in the same period of 2019[39] - The total cash inflow from operating activities in the first three quarters of 2020 was ¥674,200,157.59, compared to ¥614,977,901.45 in the same period of 2019, representing a 9.6% increase[39] - The company generated 239,227,241.98 RMB in cash inflows from operating activities in Q3 2020, an increase from 199,838,193.12 RMB in Q3 2019[42] Research and Development - Research and development expenses accounted for 4.53% of operating revenue, a decrease of 0.20 percentage points[7] - Research and development expenses increased by 27.48% to RMB 29,352,644.81, reflecting the company's commitment to enhancing R&D investment[17] - Research and development expenses for Q3 2020 were approximately ¥11.43 million, a significant increase of 72% from ¥6.64 million in Q3 2019[30] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 11,561,695.02[8] - The company reported a significant increase in other income, which rose by 111.43% to RMB 25,959,696.36, mainly due to increased government subsidies[17] - The company reported other income of ¥6,872,110.44 in Q3 2020, compared to ¥5,998,439.86 in Q3 2019, showing a growth of 14.6%[34]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, representing a year-on-year increase of 15%[14] - The net profit attributable to shareholders for the same period was RMB 20 million, up 10% compared to the previous year[14] - The company's operating revenue for the first half of the year reached ¥423,167,891.38, representing a year-on-year increase of 32.51%[20] - Net profit attributable to shareholders increased by 64.98% to ¥26,876,749.40 compared to the same period last year[21] - The total assets increased by 25.88% to ¥1,646,680,739.58 compared to the end of the previous year[21] - The net profit attributable to the parent company was CNY 26,876,749.40, reflecting a year-on-year growth of 64.98%[106] - The company achieved a total revenue of 122,707,000.00 RMB, with a net profit of 71,015,145.57 RMB, reflecting a strong performance in the first half of 2020[90] Market Expansion and Strategy - User data indicates a growth in active users by 25%, reaching a total of 500,000 users by June 30, 2020[14] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2021[14] - The company aims to expand its market presence by enhancing its product offerings and technological capabilities in automation[30] - The company is actively expanding its market presence in sectors such as rail transportation, marine engineering, and construction machinery[88] Research and Development - The company has allocated RMB 10 million for research and development in artificial intelligence technologies for the upcoming year[14] - Research and development expenses accounted for 4.24% of operating revenue, a decrease of 0.89 percentage points from the previous year[20] - The R&D team consists of 128 members, accounting for 26.07% of the total workforce, with an average salary of 80,092.15 RMB[93] - The company achieved a total R&D investment of ¥17,927,472.64, which accounts for 4.24% of its operating revenue[82] - The company has filed 5 new domestic invention patents and received approval for 2 during the reporting period, along with 5 new utility model patents and 15 approved[80] Technological Advancements - New product development includes the launch of an advanced robotic automation system, expected to contribute an additional RMB 50 million in revenue in the next fiscal year[14] - The company focuses on robotic system integration and intelligent manufacturing, serving various industries including automotive and machinery[28] - The company has developed key technologies for elevator production, achieving automation in processes from sheet metal to packaging, significantly improving production efficiency and product quality[38] - The company is focusing on advanced welding technologies, such as friction stir welding and laser welding, to meet the increasing demands for lightweight materials and green manufacturing[68] - The integration of AI, big data, and IoT with robotics is expected to transform the industry, leading to the development of networked platforms for enhanced communication and collaboration among systems[67] Risk Management - The board has identified potential risks related to supply chain disruptions and has implemented measures to mitigate these risks[14] - The company faces high entry barriers due to the need for interdisciplinary knowledge, project experience, and production process capabilities in the industrial robot sector[59][60] Corporate Governance and Compliance - The company has committed to maintaining transparency and legal compliance in all shareholding activities[155] - The company has specified that any changes in shareholding due to corporate actions will still adhere to the established commitments[151] - The company has made commitments regarding profit distribution policies, as outlined in the prospectus[167] Environmental and Social Responsibility - The company has taken measures to manage emissions, ensuring compliance with local environmental standards for air pollutants[182] - The company donated 1,000,000 to the Guangzhou Charity Association for poverty alleviation efforts in specific regions[181]

Financial Performance - Operating revenue for 2019 was CNY 730.71 million, a decrease of 0.77% compared to 2018[21]. - Net profit attributable to shareholders increased by 7.04% year-on-year, reaching CNY 61.10 million[24]. - The net profit after deducting non-recurring gains and losses grew by 9.65%, driven by revenue growth in industries outside of automotive manufacturing[24]. - Basic earnings per share rose by 6.14% to CNY 1.21 per share[23]. - The net cash flow from operating activities increased by 45.05%, attributed to improved project payment management[24]. - Total assets grew by 5.38% year-on-year, amounting to CNY 1.31 billion, primarily due to the completion of the Ruisheng Technology Park[24]. - The return on equity decreased by 1.42 percentage points to 12.75% due to an increase in net assets[23]. - The company reported a total profit of 14,107,257.42 from non-operating income and expenses, with a significant decrease in minority interest impact amounting to -991,699.43[31]. - The company reported a total operating revenue of CNY 730,444,074.30, with a slight overall decrease of 0.80% compared to the previous year[123]. - The company achieved total operating revenue of ¥730,714,061.69, a decrease of 0.77% compared to the same period last year[119]. Research and Development - Research and development expenses accounted for 4.36% of operating revenue, an increase of 0.21 percentage points from the previous year[23]. - The total R&D investment amounted to ¥31,893,860.42, representing 4.36% of the operating revenue[78]. - The company applied for 19 domestic invention patents and received approval for 2 during the reporting period[75]. - The company has 119 R&D personnel, accounting for 24.19% of the total workforce[78]. - The company has received 11 invention patents and 6 utility model patents for its automotive body floor production line project[75]. - The company is committed to increasing R&D investment to strengthen its core platform technologies and expand its market presence[63]. - The company is focusing on core technology and product R&D, enhancing supply chain management, and accelerating talent development in 2020[104]. - The company is committed to enhancing its R&D capabilities and expanding its market presence by focusing on high-end customer needs and technological advancements[158]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the accuracy of the financial statements[4]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties, indicating a stable financial governance structure[7]. - The company does not have any violations in decision-making procedures regarding external guarantees, further reflecting its compliance with regulations[7]. - The company has not disclosed any special arrangements for corporate governance, suggesting a standard governance framework[8]. - The company has committed to maintaining compliance with regulations regarding shareholding and stock transfer limits for its executives[191]. - The company has not faced any non-standard audit opinions from its accounting firm, ensuring the integrity of its financial reporting[197]. - The company has outlined its profit distribution policy, which is available in the investor protection section of its prospectus[195]. Market and Industry Trends - The demand for industrial robots is expanding across key downstream sectors such as automotive manufacturing, 3C electronics, elevators, and high-speed rail, providing favorable conditions for business scale growth[66]. - The automotive industry, which is a major market for the company, experienced a decline in production and sales in 2019, posing risks to revenue stability[109]. - The automotive parts industry is entering an upward trend, with a projected reduction in manufacturing costs by 18% to 33% by 2025 due to increased automation[155]. - The company anticipates a stable growth period in the robotics industry, with a projected compound annual growth rate of 15% over the next five years[147]. - The company is expanding its product applications beyond the automotive industry to include sectors such as 3C electronics, elevators, and marine[150]. Investment and Financial Strategy - The company plans to distribute cash dividends of no less than 10% of the distributable profits each year, provided that it has achieved profitability and met legal requirements[174]. - The company has established a cash dividend policy that emphasizes reasonable returns to investors, ensuring continuity and stability in profit distribution[173]. - The company will ensure that its subsidiaries follow the same profit distribution policy to maintain cash dividend capabilities[177]. - Major investments or cash expenditures exceeding 50% of the latest audited net assets or 50 million RMB will require board approval[175]. - The company has a differentiated cash dividend policy, with a minimum cash dividend ratio of 80% for mature companies without major capital expenditures[176]. Operational Risks and Management - The company has outlined various operational risks and corresponding mitigation strategies in the report, emphasizing the importance of risk management[4]. - The report includes a forward-looking statement risk declaration, cautioning investors about potential risks associated with future plans and strategies[6]. - The company faces risks related to the loss of technical talent and potential infringement of core technologies, which could impact operations[105][106]. - The company is actively working on talent development and performance evaluation systems to strengthen its workforce and competitive edge[102]. Product Development and Innovation - The company focuses on robotic system integration and intelligent manufacturing, serving major clients such as Toyota, Honda, and BYD, expanding its business into various industries including automotive parts and 3C[34][35]. - The company has developed a competitive advantage in the automotive welding sector, being a leader in domestic automotive welding applications, with ongoing investments in R&D to enhance automation and intelligence[35]. - The company has developed a modular flexible assembly line for lithium batteries, achieving micron-level assembly precision and significantly improving production efficiency[44]. - The company is developing a high-precision flexible assembly technology that integrates machine vision and force sensing to improve assembly accuracy and efficiency[83]. - The company is leveraging advancements in 5G technology to enhance its robotics applications, enabling real-time operations and cloud connectivity[149]. Shareholder and Stock Management - The company will communicate with shareholders, especially minority shareholders, to gather opinions before the shareholders' meeting[175]. - The company has a lock-up period for shares, which lasts for 12 months post-IPO and extends for 6 months after departure for key personnel[182]. - Shareholders are required to maintain a minimum selling price equal to the IPO price during the two years following the lock-up period[183]. - The company reserves the right to withhold cash dividends equivalent to any illegal gains from unauthorized share reductions[190]. - If the cash dividends withheld are insufficient to cover the illegal gains, the company may sell remaining shares held by the violating shareholders[190].

Financial Performance - Operating revenue for the period was CNY 192,371,527.35, a 13.30% increase from the same period last year[5] - Net profit attributable to shareholders surged by 143.29% to CNY 14,260,859.41 compared to the previous year[5] - Basic earnings per share rose by 108.33% to CNY 0.25[5] - The net profit excluding non-recurring gains and losses grew by 37.67% year-on-year, reflecting an increase in operating income[10] - Other income surged by 710.26% year-on-year, mainly due to increased government subsidies recognized during the reporting period[10] - Net profit for Q1 2020 reached CNY 15,116,779.59, a significant increase of 131.1% from CNY 6,522,918.37 in Q1 2019[23] - The company achieved a gross profit of CNY 32,563,820.92 in Q1 2020, compared to CNY 28,912,221.67 in Q1 2019, marking a growth of 12.5%[22] - The total comprehensive income for Q1 2020 was ¥10,064,505.86, a significant improvement from a loss of ¥415,744.73 in Q1 2019[26] Assets and Liabilities - Total assets increased by 32.01% to CNY 1,726,903,646.26 compared to the end of the previous year[5] - Total assets as of Q1 2020 amounted to CNY 1,194,697,313.59, compared to CNY 798,899,691.38 in the previous year, indicating a growth of 49.5%[21] - Total liabilities for Q1 2020 were CNY 358,241,964.87, down from CNY 378,383,082.47 in Q1 2019, showing a decrease of 5.3%[21] - Shareholders' equity increased to CNY 836,455,348.72 in Q1 2020, compared to CNY 420,516,608.91 in Q1 2019, reflecting a growth of 98.7%[21] Cash Flow - The net cash flow from operating activities was negative at CNY -87,565,271.73, compared to CNY -44,941,193.31 in the previous year[5] - Cash flow from operating activities decreased, primarily due to significant payments for multiple large projects at the beginning of the year[11] - The cash flow from operating activities for Q1 2020 was negative at -¥87,565,271.73, worsening from -¥44,941,193.31 in Q1 2019[28] - The net cash flow from investing activities was -$101,013,439.12, compared to -$24,097,160.72 in the previous period, indicating a significant increase in investment outflows[31] - The net cash flow from financing activities was $414,485,043.90, contrasting with a net outflow of -$48,938,359.18 previously, showing a strong financing position[31] - The net increase in cash and cash equivalents was $258,847,737.77, compared to a decrease of -$82,094,859.63 in the previous period, reflecting improved liquidity[31] - The ending balance of cash and cash equivalents reached $429,429,721.93, significantly higher than $96,203,711.42 at the end of the previous period[31] Shareholder Information - The total number of shareholders reached 8,504 by the end of the reporting period[8] - The top shareholder, Sun Zhiqiang, holds 29.88% of the shares, totaling 20,125,435 shares[9] Research and Development - Research and development expenses accounted for 4.81% of operating revenue, down from 5.57% in the previous year[5] - Research and development expenses for Q1 2020 were CNY 9,250,206.41, slightly down from CNY 9,461,205.94 in Q1 2019[22] - Research and development expenses for Q1 2020 were ¥2,488,405.40, slightly down from ¥2,827,104.86 in Q1 2019[25] Capital and Financing - Total assets increased by 32.01% year-on-year, while net assets attributable to shareholders grew by 82.45%, primarily due to the funds raised from the IPO on the Sci-Tech Innovation Board[10] - Cash and cash equivalents rose by 81.87% year-on-year, attributed to the funds raised from the IPO[10] - The capital reserve increased by 138.73% year-on-year, due to the funds raised from the IPO[10] - The company raised ¥418,893,117.00 through financing activities in Q1 2020, compared to no financing in Q1 2019[29] Operating Costs - Total operating costs for Q1 2020 were CNY 183,584,706.76, up from CNY 165,746,245.76 in Q1 2019, reflecting a growth of 10.7%[22] - Cash paid for purchasing goods and services increased by 39.08% year-on-year, reflecting higher procurement payments[11] - Cash paid for acquiring fixed assets and intangible assets decreased by 55.68% year-on-year, as the previous year saw substantial payments for project settlements[11] - The operating costs for Q1 2020 were ¥42,681,403.29, which increased from ¥26,334,847.34 in Q1 2019[25] Accounting Practices - The company did not apply new revenue and lease standards, indicating stability in accounting practices for the current reporting period[31]