南京迪威尔高端制造股份有限公司 独立董事关于第五届董事会第十二次会议相关事项的 独立意见 根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人 民共和国证券法》(以下简称"《证券法》")、《上海证券交易所科创板股 票上市规则》(以下简称"《上市规则》")、《上市公司独立董事规则》等法律、 法规以及《南京迪威尔高端制造股份有限公司章程》(以下简称"《公司章 程》"）、《南京迪威尔高端制造股份有限公司独立董事制度》等有关规定, 我们作为南京迪威尔高端制造股份有限公司(以下简称"公司")的独立董事, 在审阅公司第五届董事会第十二次会议相关事项后,基于独立客观的立场,本 着审慎负责的态度,对会议相关议案发表如下独立意见: 一、《公司 2023年半年度募集资金存放与使用情况的专项报告》的独立意 见 公司编制的《公司 2023 年半年度募集资金存放与使用情况的专项报告》真 实、准确、完整的反映了 2023年上半年公司募集资金的存放、使用和管理情况, 符合《上市公司监管指引 2 号 -- 上市公司募集资金管理和使用的监管要求》 等相关法律法规和规范性文件的要求,公司对募资资金的管理和使用合法合规, 不存在变相改 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥270,722,117.25, representing a year-on-year increase of 35.15% due to increased customer orders and sales revenue[5]. - The net profit attributable to shareholders for the same period was ¥30,465,615.40, showing a slight increase of 0.11% compared to the previous year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,434,784.71, reflecting a year-on-year increase of 23.30%[5]. - Total operating revenue for Q1 2023 reached ¥270,722,117.25, a 35% increase from ¥200,318,930.73 in Q1 2022[18]. - Net profit for Q1 2023 was ¥30,465,615.40, slightly up from ¥30,431,143.44 in Q1 2022, reflecting a marginal increase of 0.1%[19]. - The total profit for Q1 2023 was ¥34,848,514.90, slightly down from ¥35,212,424.06 in Q1 2022[19]. Research and Development - The total R&D investment for Q1 2023 was ¥9,419,167.11, which is an increase of 41.98% compared to the same period last year, primarily due to increased investment in deep-sea product development[6]. - Research and development expenses rose to ¥9,419,167.11, a 42.5% increase compared to ¥6,633,939.90 in Q1 2022[18]. Cash Flow and Liquidity - The cash flow from operating activities for the quarter was ¥55,389,650.79, with no applicable year-on-year comparison[5]. - Cash flow from operating activities generated a net inflow of ¥55,389,650.79, a significant improvement from a net outflow of ¥16,374,267.46 in Q1 2022[20]. - Cash and cash equivalents decreased to ¥276,824,039.72 from ¥336,094,866.41, a decline of about 17.6%[14]. - Cash and cash equivalents at the end of Q1 2023 totaled ¥193,846,047.68, up from ¥55,667,758.62 at the end of Q1 2022[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,391,024,178.75, representing a year-on-year increase of 3.90%[6]. - As of March 31, 2023, the total assets of the company amounted to ¥2,391,024,178.75, an increase from ¥2,301,361,531.84 at the end of 2022, reflecting a growth of approximately 3.9%[14][16]. - The company's total liabilities as of March 31, 2023, were ¥735,630,244.29, compared to ¥679,090,537.81 at the end of 2022, indicating an increase of about 8.3%[16]. - The total equity attributable to shareholders increased to ¥1,655,393,934.46 from ¥1,622,270,994.03, representing a growth of approximately 2.0%[16]. - The company's inventory increased to ¥423,230,040.87 from ¥413,989,018.88, showing a rise of approximately 2.9%[14]. - Accounts receivable decreased to ¥322,439,175.10 from ¥359,520,156.10, a reduction of about 10.3%[14]. Shareholder Information - The company had a total of 4,667 common shareholders at the end of the reporting period[10]. - The largest shareholder, Nanjing Diwei Industrial Co., Ltd., held 50,250,000 shares, accounting for 25.81% of the total shares[10]. Borrowings - The company's short-term borrowings were recorded at ¥133,000,000.00, a slight decrease from ¥134,119,602.78, indicating a reduction of about 0.8%[15]. - The long-term borrowings increased to ¥39,427,872.13 from ¥31,031,648.52, representing an increase of approximately 27.0%[16]. Earnings Per Share - The basic earnings per share for Q1 2023 was ¥0.16, unchanged from the previous year[5]. - The company reported a basic and diluted earnings per share of ¥0.16 for Q1 2023, unchanged from Q1 2022[19]. Financial Expenses - The company incurred financial expenses of ¥6,021,052.24 in Q1 2023, significantly higher than ¥1,259,088.80 in the same quarter last year[18]. Additional Notes - The company's total revenue and profit figures for Q1 2023 are not provided in the available documents, indicating a need for further details in future reports[17].

Financial Performance - The net profit attributable to the parent company's shareholders for 2022 was ¥121,462,580.80, with a cumulative undistributed profit of ¥449,558,286.44 at year-end[5]. - The proposed cash dividend for 2022 is ¥1.60 per 10 shares, totaling ¥30,867,635.52 (including tax) based on a total share capital of 194,667,000 shares[5]. - The cash dividend and share repurchase amount for 2022 accounted for 30.85% of the net profit attributable to shareholders of the listed company[5]. - The company repurchased shares amounting to ¥6,600,770.90 during the year[5]. - The company's operating revenue for 2022 was approximately CNY 982.82 million, representing an increase of 86.16% compared to CNY 527.94 million in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 121.46 million, a significant increase of 277.34% from CNY 32.19 million in 2021[23]. - The net profit after deducting non-recurring gains and losses reached CNY 107.41 million, up 471.71% from CNY 18.79 million in 2021[23]. - The company's total assets at the end of 2022 were CNY 2.30 billion, reflecting a 19.99% increase from CNY 1.92 billion at the end of 2021[23]. - The basic earnings per share for 2022 was CNY 0.56, a 270.59% increase compared to CNY 0.17 in 2021[24]. Research and Development - Research and development expenses accounted for 4.06% of operating revenue in 2022, down from 4.85% in 2021[24]. - The company has obtained 121 intellectual property rights, including 111 patents, indicating a strong focus on innovation and technology[35]. - The company's R&D investment for the year reached approximately ¥39.89 million, a significant increase of 55.71% compared to the previous year, although the ratio of R&D investment to revenue decreased by 16.29% to 4.06%[59]. - The company is committed to continuous R&D investment to meet the increasing performance requirements of its products, particularly in high-strength and low-temperature toughness[45]. - The company is focusing on research and development of new products, including a 350MN multi-directional extrusion system, which is expected to enhance product sensitivity and performance in the domestic market[62]. - The company has successfully developed new materials and manufacturing processes that integrate advanced technology from material selection to non-destructive testing[70]. Market Position and Strategy - The company has established long-term strategic partnerships with major oil and gas service companies such as TechnipFMC, SLB, and Baker Hughes, enhancing its market position in the deep-sea equipment sector[34]. - The company plans to continue expanding its market presence and enhancing its production capabilities to meet growing demand[25]. - The company is actively constructing a 350MN multi-directional double-action composite extrusion production line, which will enhance its manufacturing capabilities for high-end valve and piping components[38]. - The company is focusing on high-end products for deep-sea and unconventional oil and gas development, with an increasing proportion of deep-sea orders aligning with industry trends[53]. - The company aims to improve its manufacturing capabilities and product quality through continuous technological innovation and efficient customized operations[69]. Risks and Challenges - The company faces various risks including industry, market, international trade, and foreign exchange risks, as detailed in the risk factors section[4]. - The company faces risks related to new product development, including high costs and the potential for failure in meeting technical specifications required by clients in the oil and gas sector[78]. - The company is exposed to inventory impairment risks, although the risk is considered low due to existing sales contracts for special raw materials and products[82]. - The company has a direct material cost ratio of approximately 60%, making it vulnerable to fluctuations in the prices of key raw materials like special steel[80]. - The company exports 65% of its revenue, primarily in USD, exposing it to foreign exchange risks, particularly with the appreciation of the RMB leading to potential losses[81]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has received a standard unqualified audit report from the accounting firm[5]. - The board of directors has approved the profit distribution plan, which will be submitted to the annual general meeting for review[6]. - The company has established a transparent performance evaluation and incentive mechanism for senior management to ensure accountability and effective governance[142]. Environmental and Social Responsibility - The company invested 18.97 million yuan in environmental protection during the reporting period[194]. - The company does not belong to the category of heavily polluting industries as defined by the government[195]. - There were no administrative penalties due to environmental issues during the reporting period[196]. - The company actively participates in social responsibility initiatives, including charitable donations and support for local farmers affected by natural disasters[192]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25% based on current market trends and user acquisition strategies[156]. - The company plans to increase its marketing budget by 10% to enhance brand visibility and customer engagement[156]. - The company anticipates that high oil prices will maintain cash flow improvements for oil companies, leading to a new expansion cycle in exploration capital expenditures[112].

证券代码：688377 证券简称：迪威尔 公告编号：2023-008 南京迪威尔高端制造股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 投资者可于 2023 年 05 月 11 日(星期四)至 05 月 17 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 zqb@nj-develop.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。 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 南京迪威尔高端制造股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日发布公司 2022 年度报告及 2023 年一季度报告，为便于广大投资者更全面深入地 了解公司 2022 年度及 2023 年一季度的经营成果、财务状况，公司计划于 2023 年 05 月 18 日上午 11:00-12:00 举行 2022 年度暨 2023 年第一季度业绩说明会，就投资 者 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 414.63 million, a 66.80% increase compared to CNY 248.58 million in the same period last year [20]. - Net profit attributable to shareholders reached CNY 56.84 million, up 194.02% from CNY 19.33 million year-on-year [20]. - The net profit after deducting non-recurring gains and losses was CNY 47.55 million, a significant increase of 413.70% compared to CNY 9.26 million in the previous year [20]. - Basic earnings per share rose to CNY 0.29, reflecting a 190.00% increase from CNY 0.10 in the same period last year [21]. - The weighted average return on equity increased by 2.54 percentage points to 3.81% compared to 1.27% in the previous year [21]. - The company reported a total revenue of 46 million, with a net profit of approximately 16.09 million, representing a significant increase compared to the previous year [42]. - The company achieved a revenue of 414.63 million yuan, representing a growth of 66.80% compared to the same period last year [63]. - The net profit attributable to shareholders reached 56.84 million yuan, marking a significant increase of 194.02% year-on-year [63]. - The net profit excluding non-recurring gains and losses was 47.55 million yuan, reflecting a remarkable growth of 413.70% compared to the previous year [63]. Financial Position - The company's total assets increased by 19.03% to CNY 2.20 billion from CNY 1.85 billion at the end of the previous year [20]. - Total current assets increased to CNY 1,347,063,458.85 from CNY 1,174,337,693.90, representing a growth of approximately 14.68% [131]. - Total non-current assets reached CNY 849,565,375.44, up from CNY 743,586,528.86, indicating an increase of around 14.25% [132]. - Total liabilities reached CNY 649,706,014.66, up from CNY 426,203,474.79, indicating a growth of around 52.52% [133]. - Shareholders' equity increased to CNY 1,546,922,819.63 from CNY 1,491,720,747.97, marking a growth of approximately 3.70% [133]. Cash Flow - The company reported a decrease in net cash flow from operating activities to -CNY 33.28 million, down 189.37% from CNY 37.24 million in the previous year [22]. - The net cash flow from operating activities turned negative at CNY -48,611,781.04, compared to a positive CNY 37,279,666.63 in the first half of 2021 [150]. - Cash inflow from financing activities was CNY 101,547,500.00, compared to CNY 130,174,081.01 in the first half of 2021 [151]. - The ending balance of cash and cash equivalents was CNY 83,878,282.99, compared to CNY 75,095,070.87 at the end of the first half of 2021 [151]. Research and Development - Research and development expenses totaled approximately ¥19.06 million, representing a 66.66% increase compared to ¥11.44 million in the same period last year, with R&D expenses accounting for 4.60% of operating income [37]. - The company has obtained a total of 109 patents, including 41 invention patents, and has participated in the formulation of 3 national standards and 4 industry standards [32]. - The company has made significant progress in the research and development of key components for underwater oil and gas drilling equipment, enhancing its competitive advantage in the global market [34]. - The number of R&D personnel increased to 116, accounting for 15.34% of the total workforce, with an average salary of 7.92 million [44]. Market and Orders - The company has seen an increase in high-value product orders, particularly in the deep-sea and fracturing sectors, indicating a shift from "parts" orders to "components" orders [29]. - The company received orders for 175 deep-sea oil and gas project components, including a bulk order for "deep-sea connectors" for underwater conditions at 3,000 meters in Brazil, with a long-term supply agreement in place [30]. - The company's main business revenue composition includes 46% from wellhead and Christmas tree components, 30% from deep-sea equipment components, 19% from fracturing equipment components, and 3% from drilling equipment components, with a 6% increase in the proportion of deep-sea and fracturing components compared to the same period last year [31]. Risks and Compliance - The company faced various risks including industry, geopolitical, market, and quality risks as detailed in the report [4]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties [9]. - The company has established an HSE department to improve environmental awareness and ensure compliance with national standards for emissions [86]. - The company has passed ISO14000 and OHSAS18000 certifications, indicating adherence to environmental management standards [84]. Corporate Governance - The financial report for the first half of 2022 has not been audited [5]. - The company has not disclosed any special arrangements for corporate governance during the reporting period [8]. - The company has not made any changes to its information disclosure practices during the reporting period [17]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during the reporting period [82]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 6,501 [118]. - The company reported no changes in the total number of ordinary shares and capital structure during the reporting period [117]. - The company has a total of 50,250,000 restricted shares held by Nanjing Diwei Real Estate Co., Ltd., which will become tradable on July 8, 2023 [124]. - The company will limit share transfers to 25% of the total shares held within 4 years after the lock-up period [97]. Future Outlook - The company provided guidance for the next quarter, expecting revenue growth of 20% year-over-year [91]. - New product launches are anticipated to contribute an additional $50 million in revenue by Q3 2022 [92]. - Market expansion plans include entering three new international markets by the end of 2022 [91]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $200 million allocated for potential deals [92].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 200,318,930.73, representing a year-on-year increase of 65.02%[5] - The net profit attributable to shareholders was CNY 30,431,143.44, reflecting a significant increase of 136.94% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 281.39% to CNY 23,872,046.53[5] - Basic and diluted earnings per share were both CNY 0.16, an increase of 128.57% compared to the previous year[6] - Total operating revenue for Q1 2022 reached ¥200,318,930.73, a significant increase of 65% compared to ¥121,393,845.67 in Q1 2021[19] - Net profit for Q1 2022 was ¥30,431,143.44, compared to ¥12,060,379.03 in Q1 2021, representing an increase of 152%[20] - The company reported a gross profit margin of approximately 15% for Q1 2022, compared to 10% in Q1 2021[19] Cash Flow - The net cash flow from operating activities was negative at CNY -16,374,267.46, a decrease of 177.90% year-on-year[6] - Cash flow from operating activities for Q1 2022 was negative at -¥16,374,267.46, compared to a positive cash flow of ¥21,019,790.45 in Q1 2021[21] - The net cash flow from investment activities was negative at ¥75,966,718.01, compared to a positive cash flow of ¥42,762,546.85 in the same quarter last year[22] - The net cash flow from financing activities was positive at ¥15,176,425.09, a turnaround from a negative cash flow of ¥21,242,788.37 in the same quarter last year[22] - The net increase in cash and cash equivalents was negative at ¥77,332,521.93, compared to a positive increase of ¥43,186,952.97 in the previous year[22] - The ending balance of cash and cash equivalents was ¥55,667,758.62, down from ¥207,368,663.98 at the end of the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,999,274,943.28, an increase of 4.24% from the end of the previous year[6] - Current assets totaled CNY 1,211,478,097.68, compared to CNY 1,174,337,693.90 at the end of 2021, indicating an increase of about 3.14%[13] - Total liabilities as of the end of Q1 2022 were ¥483,723,822.77, an increase from ¥426,203,474.79 at the end of Q1 2021[19] - Total equity attributable to shareholders reached ¥1,515,551,120.51 in Q1 2022, up from ¥1,491,720,747.97 in Q1 2021[19] Research and Development - Total R&D investment amounted to CNY 6,633,939.90, up 44.10% year-on-year, accounting for 3.31% of operating revenue[6] - Research and development expenses for Q1 2022 were ¥6,633,939.90, an increase of 44% from ¥4,603,643.52 in Q1 2021[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,218[10] - The largest shareholder, Nanjing Diwei Er Industrial Co., Ltd., held 25.81% of the shares, totaling 50,250,000 shares[10] Other Financial Metrics - The return on equity (ROE) was 2.06%, an increase of 1.22 percentage points compared to the previous year[6] - The company reported a significant increase in prepayments, which rose to CNY 33,275,483.68 from CNY 14,293,175.13, a growth of about 133.4%[13] - Cash inflow from investment activities in Q1 2022 amounted to ¥553,519,914.89, compared to ¥516,243,038.90 in Q1 2021[21] - The total cash outflow from investment activities amounted to ¥629,486,632.90, an increase from ¥473,480,492.05 in the previous year, reflecting a growth of approximately 33%[22] - The company did not apply the new accounting standards for the current year, as indicated in the report[22] - The report was released by the board of directors on April 22, 2022, highlighting the financial performance for the first quarter of 2022[22]

Financial Performance - The net profit attributable to the parent company's shareholders for 2021 was CNY 32.1895 million, with a cumulative undistributed profit at year-end of CNY 340.3654 million[4]. - The company plans not to distribute profits for 2021 and will not increase capital reserves into share capital[4]. - The amount repurchased by the company in 2021 was CNY 23.3965 million, accounting for 72.68% of the net profit attributable to shareholders[4]. - The company's operating revenue for 2021 was CNY 527,937,089.91, a decrease of 25.44% compared to CNY 708,103,710.26 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 32,189,538.33, down 59.89% from CNY 80,256,495.57 in 2020[21]. - The cash flow from operating activities for 2021 was CNY 66,874,933.43, a decline of 56.68% compared to CNY 154,391,285.37 in 2020[21]. - The basic earnings per share for 2021 was CNY 0.17, a decrease of 64.58% from CNY 0.48 in 2020[22]. - The total assets at the end of 2021 were CNY 1,917,924,222.76, an increase of 2.94% from CNY 1,863,160,194.97 at the end of 2020[21]. - The company's net assets attributable to shareholders at the end of 2021 were CNY 1,491,720,747.97, a decrease of 1.68% from CNY 1,517,206,812.59 at the end of 2020[21]. Risks and Challenges - The company has disclosed various risks in the "Management Discussion and Analysis" section, including industry, market, international trade, and foreign exchange risks[3]. - The company has not achieved profitability since its listing[3]. - The company faced challenges due to the COVID-19 pandemic and geopolitical issues, leading to reduced orders and lower revenue[23]. - The company is at risk of market competition intensifying, particularly as more domestic companies gain API certification and enter the supply chain of major clients[86]. - The company faces risks from geopolitical changes and increasing international trade frictions, which could negatively impact future performance[98][99]. - The company is facing risks related to new product development, which requires substantial investment in personnel, funds, and testing materials[83]. Research and Development - Research and development expenses accounted for 4.85% of operating revenue in 2021, down from 5.01% in 2020[22]. - The company’s R&D investment totaled approximately ¥25.62 million in the reporting period, a decrease of 27.70% compared to the previous year, with R&D expenses accounting for 4.85% of total revenue[64]. - The company has obtained a total of 116 patents, including 39 invention patents, and has participated in the formulation of 3 national standards and 4 industry standards[58]. - The company is conducting extensive research on valve and wellhead products, with a focus on API 6A and PR2F performance certifications, enhancing product reliability[68]. - The company is committed to increasing R&D investment to develop high-value-added products using special materials and processes, targeting breakthroughs in deep-sea equipment and specialized oil and gas components[145]. Market Position and Strategy - The company aims to enhance its market competitiveness and market share through the development of a 350MN multi-directional forging hydraulic press for key components in deep-sea and fracturing equipment[36]. - The company has established long-term strategic partnerships with major oil and gas service companies, enhancing its industry position[38]. - The company is focusing on innovation and cost reduction, implementing detailed cost control indicators and promoting self-inspection within departments[34]. - The company is committed to strengthening its marketing efforts and expanding its market share in high-value segments such as deep-sea and fracturing equipment[33]. - The company has established itself as a key supplier of specialized components in the international oil and gas technology service market, focusing on high-value-added products[142]. Governance and Compliance - The company has established a transparent performance evaluation and incentive mechanism for senior management to promote accountability and effective governance[151]. - The company emphasizes the importance of maintaining the legitimate rights and interests of stakeholders, including customers, suppliers, employees, and the community, to promote sustainable and healthy development[152]. - The company strictly adheres to the regulations of the "Management Measures for Information Disclosure of Listed Companies," ensuring accurate, complete, and timely information disclosure through designated media[152]. - The company has not faced any penalties from securities regulatory agencies in the past three years[169]. - The company has established effective management and control systems for its subsidiaries, ensuring compliance with internal regulations[194]. Future Outlook - The company plans to expand its market presence and is focusing on new product development to enhance its competitive edge[159]. - The company has set ambitious performance guidance for the upcoming year, aiming for a growth rate of over 15% in revenue[159]. - Future outlook remains positive, with expectations of continued growth driven by new market opportunities and product launches[159]. - The company is exploring potential acquisitions to further strengthen its market position, with a budget of $500 million allocated for this purpose[160].

Financial Performance - The company's operating revenue for Q3 2021 was ¥137,527,886.58, a decrease of 20.14% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥8,493,179.28, down 30.11% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥5,228,067.34, a decline of 48.44% compared to the previous year[5]. - The net profit attributable to shareholders for the year-to-date was ¥27,825,719.23, a decrease of 60.43% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2021 was ¥386,104,872.78, a decrease from ¥564,820,966.81 in the same period of 2020, representing a decline of approximately 31.6%[18]. - Net profit for the third quarter of 2021 was ¥25,961,072.23, a significant decrease from ¥69,366,694.13 in the same quarter of 2020, reflecting a decline of approximately 62.6%[20]. - Total profit for the third quarter of 2021 was ¥27,589,885.45, down from ¥77,808,571.42 in the same quarter of 2020, representing a decline of approximately 64.6%[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,892,535,516.86, reflecting a slight increase of 1.58% from the end of the previous year[6]. - As of September 30, 2021, the total assets of Nanjing Diweier High-end Manufacturing Co., Ltd. amounted to CNY 1,892,535,516.86, an increase from CNY 1,863,160,194.97 at the end of 2020, representing a growth of approximately 1.9%[13]. - Total liabilities rose to CNY 376,828,225.14, compared to CNY 331,709,083.11 at the end of 2020, marking an increase of approximately 13.6%[15]. - The company's equity attributable to shareholders decreased slightly to CNY 1,513,108,177.79 from CNY 1,517,206,812.59, a decline of about 0.3%[15]. - The total current assets amounted to CNY 1,222,045,680.74, a decrease from CNY 1,273,918,787.22 at the end of 2020, representing a decline of approximately 4.1%[13]. - The company’s total liabilities to equity ratio stood at approximately 24.9%, indicating a relatively stable leverage position compared to previous periods[15]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥26,823,678.67, down 69.18% year-on-year[6]. - Cash inflow from operating activities for the first three quarters of 2021 was ¥456,275,897.93, down from ¥600,174,958.02 in 2020, representing a decline of approximately 24%[24]. - The net cash flow from operating activities was $26,823,678.67, a decrease of 69% compared to $87,025,217.73 in the previous year[25]. - Total cash outflow from operating activities was $429,452,219.26, down from $513,149,740.29 in the previous year[25]. - The ending balance of cash and cash equivalents was $272,050,092.20, an increase from $173,186,975.77 year-over-year[26]. Research and Development - Research and development expenses totaled ¥5,720,100.36 for Q3 2021, a decrease of 45.32% compared to the same period last year[6]. - Research and development expenses for the third quarter of 2021 were ¥17,158,463.10, a decrease from ¥29,439,796.57 in the same period of 2020, indicating a reduction of about 41.7%[19]. Other Financial Metrics - The basic earnings per share for Q3 2021 were ¥0.04, a decrease of 34.79% year-on-year[6]. - Basic earnings per share for the third quarter of 2021 were ¥0.14, compared to ¥0.43 in the same quarter of 2020, showing a decrease of about 67.4%[21]. - The weighted average return on net assets was 0.56%, down 0.40 percentage points from the previous year[6]. - Tax expenses for the third quarter of 2021 were ¥1,628,813.22, down from ¥8,441,877.29 in the same quarter of 2020, reflecting a decrease of approximately 80.7%[20]. - Other income for the third quarter of 2021 was ¥5,955,499.98, an increase from ¥3,500,441.12 in the same period of 2020, indicating a growth of about 70.3%[19]. Inventory and Prepayments - Inventory levels increased to CNY 281,827,907.93 from CNY 192,832,956.61, reflecting a rise of about 46.1%[14]. - The company reported a significant increase in prepayments, which rose to CNY 42,432,336.31 from CNY 9,152,150.91, indicating a growth of approximately 364.5%[13]. Borrowings - Short-term borrowings were not reported as of September 30, 2021, compared to CNY 11,015,277.78 at the end of 2020, suggesting a reduction in short-term debt[15]. - The company’s long-term borrowings increased to CNY 31,475,984.24 from CNY 18,290,868.98, reflecting a growth of approximately 72.2%[15].

Financial Performance - The company's operating revenue for the first half of the year was ¥248,576,986.20, a decrease of 36.69% compared to the same period last year[19]. - The net profit attributable to shareholders was ¥19,332,539.95, down 66.77% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥9,256,683.33, reflecting an 82.93% decrease compared to the previous year[19]. - The basic earnings per share decreased to ¥0.10, down 75.00% from ¥0.40 in the same period last year[20]. - The weighted average return on equity dropped to 1.27%, a decrease of 6.40 percentage points compared to the previous year[20]. - The company's sales revenue decreased by 36.69% compared to the same period last year due to the impact of COVID-19 and reduced capital expenditures from major oil and gas companies[51]. - The company's revenue for the reporting period decreased by 36.69% year-on-year, totaling approximately ¥248.58 million, primarily due to the impacts of COVID-19 and geopolitical factors[59]. - Gross profit margin declined by 9.36 percentage points, attributed to reduced revenue and significant short-term increases in raw material prices[60]. - The company reported a total revenue of 50,250,000 RMB for the first half of 2021[117]. - The net profit for the first half of 2021 was RMB 18,773,639.89, down 68.7% from RMB 59,801,594.94 in the same period last year[139]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to ¥37,235,038.83, a rise of 552.99% year-on-year[19]. - The company reported a total investment cash inflow of RMB 970,057,968.66, compared to RMB 489,638.28 in the previous year[142]. - The net cash flow from operating activities was 37,279,666.63 RMB, a significant increase from 9,405,568.38 RMB in the previous period, reflecting a growth of approximately 295%[145]. - The total cash inflow from financing activities was 130,174,081.01 RMB, up from 78,634,000.00 RMB, showing a growth of approximately 65.7%[145]. - The company received tax refunds amounting to RMB 18,083,065.33, an increase from RMB 12,117,190.76 in the previous year[141]. Research and Development - Research and development expenses accounted for 4.60% of operating revenue, a slight decrease of 0.23 percentage points year-on-year[20]. - The company has achieved a 39.65% decrease in research and development expenses, totaling approximately 11.44 million yuan in the current period compared to 18.98 million yuan in the previous period[41]. - The total investment in R&D for the current period is CNY 40,800,000, with a cumulative investment of CNY 26,196,693.12[43]. - The company has 115 R&D personnel, representing 15.52% of the total workforce, an increase from 15.07% in the previous period[45]. - The average salary of R&D personnel is CNY 7.19 million, slightly up from CNY 7.13 million in the previous period[45]. - The company is currently developing a high-temperature and corrosion-resistant fracturing equipment with a total investment of CNY 5,000,000, of which CNY 4,126,085.53 has been invested to date[42]. Market Position and Strategy - The company has established long-term strategic partnerships with major oil and gas service companies, enhancing its market position[27]. - The company is positioned to benefit from the transfer of manufacturing capabilities from overseas clients to high-quality suppliers in China, enhancing its competitive advantage[36]. - The company aims to become a global leader in high-end equipment component manufacturing, focusing on specialized markets such as deep-sea and fracturing equipment[50]. - The company has successfully delivered underwater connectors for deep-sea operations in Brazil and signed long-term supply agreements with clients[33]. - The company has optimized its product structure and increased the development of deep-sea equipment components, completing its first deep-sea core component connector order in collaboration with TechnipFMC[52]. Risks and Challenges - The company faces various risks including industry, market, international trade, and foreign exchange risks[5]. - The company relies heavily on a few major clients, with nearly 80% of its revenue coming from its top five customers, posing a risk to its financial stability[56]. - The company’s main raw material, special steel, accounts for approximately 60% of its main business costs, making it vulnerable to price fluctuations[57]. - The company faces risks from market competition, with the top five suppliers in the global deep-sea equipment market holding over 70% market share[54]. - The company experienced foreign exchange losses during the reporting period due to the appreciation of the RMB, which poses a risk for future transactions[58]. Corporate Governance and Compliance - The board of directors and management guarantee the accuracy and completeness of the financial report[5]. - The company has passed ISO14000 and OHSAS18000 certifications, ensuring compliance with environmental regulations[83]. - The company reported no administrative penalties related to environmental issues during the reporting period[84]. - The company confirmed that the departure of key technical personnel will not impact its core technology or operations[77]. - The company has established a comprehensive quality management system to ensure product quality stability and performance enhancement[46]. Shareholder Information - The company did not distribute profits or increase capital reserves during the first half of 2021[7]. - Major shareholders are prohibited from selling their shares for 6 months after leaving their positions[90]. - The company has established a mechanism to ensure compliance with lock-up agreements to protect investor interests[88]. - The company reported a total of 7.2 million shares held prior to the IPO, which will not be transferred or managed by others for 12 months post-listing[92]. - The company has a total of 50,250,000 shares locked for 36 months since listing, with no new shares available for trading[119]. Financial Position - Total assets at the end of the reporting period amounted to ¥1.83 billion, with cash and cash equivalents accounting for 9.81% of total assets[64]. - The company’s inventory increased by 30.72% to ¥252.06 million, reflecting a buildup of raw materials and work-in-progress[64]. - The company’s fixed assets decreased by 6.33% to ¥285.43 million, indicating a reduction in capital investments[64]. - The company’s total liabilities to equity ratio is approximately 0.22, indicating a relatively low leverage position[127]. - The company’s total liabilities at the end of the period were CNY 352,047,886.45[162].

Financial Performance - Operating income fell by 33.07% to CNY 121.39 million, primarily due to the impact of the COVID-19 pandemic[12] - Net profit attributable to shareholders decreased by 73.82% to CNY 6.26 million[5] - Total profit decreased by 55.11% to ¥13,750,366.12, driven by reduced sales revenue and increased costs[13] - Net profit fell by 55.49% to ¥12,060,379.03, reflecting a decline in operating profit[13] - Total revenue for Q1 2021 was CNY 121,393,845.67, a decrease of 32.98% compared to CNY 181,384,706.09 in Q1 2020[23] - Total operating costs for Q1 2021 were CNY 116,309,348.12, down 25.31% from CNY 155,697,449.47 in Q1 2020[23] - Net profit for Q1 2021 was CNY 12,060,379.03, a decline of 55.49% from CNY 27,097,873.23 in Q1 2020[24] - The total profit for Q1 2021 was CNY 16.73 million, down 48.5% from CNY 32.48 million in Q1 2020[27] Cash Flow - Cash flow from operating activities decreased by 48.84% to CNY 21.02 million[5] - Cash flow from operating activities decreased by 48.84% to ¥21,019,790.45, due to reduced cash received from sales[13] - The net cash flow from operating activities for Q1 2021 was CNY 21.02 million, a decline of 48.8% compared to CNY 41.09 million in Q1 2020[29] - Cash inflow from operating activities totaled CNY 174.21 million in Q1 2021, down 6.8% from CNY 186.95 million in Q1 2020[29] - The company incurred financial expenses of CNY 589.54 in Q1 2021, a significant decrease from CNY 928.77 million in Q1 2020[26] Assets and Liabilities - Total assets decreased by 0.59% to CNY 1,852.12 million compared to the end of the previous year[5] - Total assets as of March 31, 2021, were CNY 1,852,921,382.41, slightly down from CNY 1,858,738,108.22 at the end of 2020[21] - Total liabilities as of March 31, 2021, were CNY 296,612,324.45, a decrease from CNY 317,303,510.78 at the end of 2020[20] - Current liabilities decreased to ¥261,926,989.66 from ¥282,450,412.89, indicating improved liquidity management[17] Research and Development - R&D expenditure as a percentage of operating income decreased by 1.36 percentage points to 3.79%[5] - R&D expenses decreased by 50.71% to ¥4,603,643.52 due to reduced project investments[13] - The company reported a decrease in research and development expenses to CNY 4,603,643.52 in Q1 2021 from CNY 9,339,821.19 in Q1 2020[23] - Research and development expenses decreased to CNY 4.60 million in Q1 2021 from CNY 9.34 million in Q1 2020, representing a reduction of 50.8%[26] Government Support - The company received government subsidies amounting to CNY 424.83 million related to information technology and imported equipment[8] - The company reported a significant increase in other income by 102.73% to ¥4,248,333.33, due to increased government subsidies for information technology[13] Shareholder Information - The number of shareholders reached 11,911 at the end of the reporting period[10] Cash Management - The company's cash and cash equivalents increased to ¥235,821,328.73 from ¥192,367,565.20, reflecting better cash management[15] - Cash and cash equivalents increased to CNY 188,231,183.49 from CNY 179,832,512.02 at the end of 2020[20] - The company reported a significant increase in cash and cash equivalents, ending Q1 2021 with CNY 207.37 million, up from CNY 69.51 million at the end of Q1 2020[30] - The ending balance of cash and cash equivalents increased to ¥159,778,644.22, up from ¥65,915,363.22 at the end of Q1 2020[33]