Group 1: Event Details - Shenzhen Lianying Laser Co., Ltd. will participate in the "Communicating Value, Creating a Good Ecology" online collective reception day for investors on November 30, 2021, from 14:00 to 17:00 [2] - The event will be held on the online platform provided by Shenzhen Panorama Network Co., Ltd., allowing investors to join via the "Panorama Roadshow" website or WeChat [2] Group 2: Company Representatives - Mr. Xie Qiang, the company's Deputy General Manager, Chief Financial Officer, and Board Secretary, will communicate with investors through text format during the event [2] Group 3: Investor Engagement - The company encourages widespread participation from investors to enhance interaction and communication [2] - The announcement emphasizes the commitment to transparency and accuracy in the information provided [2]

Financial Performance - The company's operating revenue for Q3 2021 was ¥391,570,218.13, representing a year-over-year increase of 123.46%[5] - The net profit attributable to shareholders for Q3 2021 was ¥31,913,651.42, a significant increase of 1,605.26% compared to the same period last year[5] - Basic earnings per share for Q3 2021 were ¥0.11, an increase of 1,000% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥915,957,786.53, a significant increase from ¥478,084,859.80 in the same period of 2020, representing a growth of approximately 91.7%[21] - Net profit for the first three quarters of 2021 was ¥56,446,696.71, up from ¥12,911,974.33 in 2020, reflecting a growth of approximately 338.5%[22] - Basic earnings per share for the first three quarters of 2021 were ¥0.19, compared to ¥0.05 in the same period of 2020, marking an increase of 280%[23] - The company reported a total comprehensive income of ¥55,851,335.44 for the first three quarters of 2021, compared to ¥12,958,268.65 in 2020, indicating an increase of about 331.5%[23] Assets and Liabilities - The total assets as of the end of the reporting period reached ¥3,774,496,089.23, reflecting a growth of 48.68% from the end of the previous year[6] - Current assets totaled RMB 3,395,133,048.92, up from RMB 2,324,859,117.14, indicating a growth of about 46.1% year-over-year[15] - Total liabilities as of the end of the third quarter of 2021 were ¥2,306,012,360.57, compared to ¥1,097,424,424.22 at the end of the same period in 2020, reflecting an increase of about 109.5%[18] - The total liabilities include accounts payable of RMB 637,137,509.85, which increased from RMB 283,314,596.22, showing a growth of approximately 125.5%[17] - Contract liabilities surged to RMB 1,105,798,004.04 from RMB 466,730,755.88, reflecting an increase of about 136.5%[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥89,180,651.98, showing an increase of 7.82%[6] - Cash generated from operating activities in the first three quarters of 2021 amounted to ¥873,791,505.95, compared to ¥458,146,044.31 in 2020, representing an increase of about 90.5%[24] - The net cash inflow from operating activities was CNY 89,180,651.98, an increase from CNY 82,714,101.75 in the previous year, reflecting a growth of approximately 5.63%[25] - The total cash inflow from investment activities reached CNY 1,601,589,142.20, significantly higher than CNY 183,842,137.50 in the same period last year, indicating a substantial increase of over 770%[25] - The cash flow from operating activities was CNY 945,304,764.17, compared to CNY 525,616,414.62 in the previous year, marking an increase of approximately 79.9%[25] Research and Development - The company's R&D investment totaled ¥22,358,458.81 for the quarter, accounting for 5.71% of operating revenue, a decrease of 6.42 percentage points year-over-year[6] - Research and development expenses for the first three quarters of 2021 totaled ¥65,570,137.44, compared to ¥50,583,654.54 in 2020, indicating an increase of approximately 29.6%[21] Shareholder Information - The company reported a total of 8,237 common shareholders at the end of the reporting period[13] - The top shareholder, Han Jinlong, holds 9.52% of the shares, totaling 28,474,356 shares[13] - The company has no pledged or frozen shares among the top shareholders[13] Other Information - The company reported a total of ¥3,276,541.62 in government subsidies recognized during the quarter, contributing positively to the financial results[9] - The increase in operating revenue and net profit is attributed to a rise in orders and an expansion of business scale[10] - The company has not reported any significant new product developments or market expansion strategies in the current quarter[15] - The implementation of the new leasing standard resulted in an increase of 31.80 million in both "right-of-use assets" and "lease liabilities" as of January 1, 2021[31] - The company adopted the new leasing standard effective January 1, 2021, impacting financial reporting for leases[30] - The company will amortize the right-of-use assets over the lease term and calculate interest expenses on lease liabilities using the effective interest method[31]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 524,387,568.40, representing a 73.15% increase compared to RMB 302,857,649.85 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2021 was RMB 24,442,063.13, a significant increase of 121.35% from RMB 11,042,149.52 in the previous year[16]. - The net cash flow from operating activities reached RMB 65,959,982.98, a remarkable increase of 2,997.55% compared to RMB 2,129,420.95 in the same period last year[16]. - The basic earnings per share for the first half of 2021 was RMB 0.08, up 60.00% from RMB 0.05 in the same period last year[17]. - The diluted earnings per share also stood at RMB 0.08, reflecting a 60.00% increase from RMB 0.05 in the same period last year[17]. - The net profit after deducting non-recurring gains and losses was RMB 12,586,068.13, a substantial increase of 579.82% from RMB 1,851,374.36 in the previous year[16]. - The company achieved operating revenue of 524,387,568.40 RMB, a year-on-year increase of 73.15%[18]. - Net profit attributable to shareholders reached 24,442,063.13 RMB, up 121.35% year-on-year[18]. - The company reported a total of CNY 588,507,447.29 in accounts payable, which increased from CNY 283,314,596.22, indicating a rise of approximately 107.5%[160]. - The company reported a net loss of 10,093,451.62 for the period, highlighting operational difficulties[181]. Research and Development - The R&D expenditure as a percentage of operating revenue was 8.24%, a decrease of 1.44 percentage points from 9.68% in the previous year[17]. - The company’s R&D model focuses on independent development, with collaborations with universities and research institutes for foundational projects[24]. - The company has achieved 8 major core technologies, including "real-time laser energy feedback control technology," which enhances stability and reduces defect rates[29]. - Total R&D expenditure reached approximately ¥43.21 million, a 47.35% increase compared to the previous period, with R&D expenses accounting for 8.24% of operating revenue[34]. - The company added 323 new R&D personnel, a year-on-year increase of 45.17%, with an average salary increase of 10.67%[35]. - The company has developed a multi-wavelength coaxial composite welding technology, which effectively reduces welding defects and increases yield rates[29]. - The company has received 14 new authorized patents and 4 software copyrights during the reporting period, bringing the total to 166 patents and 136 software copyrights as of June 30, 2021[31]. - Research and development expenses for the first half of 2021 amounted to ¥31.91 million, an increase of 13.5% from ¥28.07 million in the first half of 2020[171]. Market Position and Strategy - The company is a leading supplier of precision laser welding equipment and automation solutions, with products widely used in industries such as power batteries and automotive manufacturing[23]. - The global laser equipment market is experiencing a positive growth trend, driven by demand from sectors like power batteries and OLED manufacturing[25]. - In the first half of 2021, the production and sales of new energy vehicles exceeded 1.2 million units, representing a year-on-year increase of over 200%[26]. - The company has established new divisions to enhance market penetration in the new energy and consumer electronics sectors[27]. - The total investment in power battery expansion projects exceeded 137 billion RMB, indicating significant growth potential for laser welding equipment demand[27]. - The company plans to expand production capacity significantly, with new facilities totaling over 50,000 square meters under construction in multiple locations, including a new base in Yibin[49]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[167]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[187]. Assets and Liabilities - The company's total assets increased by 33.77% to RMB 3,395,967,314.83 compared to RMB 2,538,625,151.84 at the end of the previous year[16]. - The accounts receivable balance was 395,495,500 RMB, representing 114.35% of operating revenue, indicating potential collection risks[62]. - The inventory balance stood at 1,300,767,900 RMB, accounting for 42.43% of current assets, which may affect cash flow efficiency[63]. - Total liabilities reached CNY 1,964,860,038.83, up from CNY 1,097,424,424.22, marking an increase of around 79%[161]. - The total assets of the company were CNY 3,395,967,314.83, compared to CNY 2,538,625,151.84 at the end of 2020, showing a growth of about 33.8%[161]. - The company’s fixed assets increased by 19.98% to 34,009,985.37 RMB, representing 1.00% of total assets[69]. - The company has made significant investments in construction projects, with construction in progress amounting to 175,785,214.17 RMB, a 92.81% increase year-on-year[69][70]. Shareholder and Governance - The company granted 5.787 million restricted stocks to 314 incentive objects at a price of 7.55 yuan per share on May 17, 2021[83]. - The company commits to long-term holding of shares and will notify the company in writing before any reduction in shareholding, adhering to relevant regulations[94]. - Senior management personnel are restricted from transferring shares for 12 months post-IPO and can only transfer up to 25% of their shares annually thereafter[95]. - The company will take measures to stabilize stock prices if the stock price falls below the latest audited net asset value for 20 consecutive trading days[100]. - The controlling shareholder and actual controller have committed to follow the stock repurchase plan to stabilize stock prices[101]. - The company guarantees that the prospectus and other disclosure materials do not contain false records or misleading statements, and will compensate investors for losses if such issues arise[103]. - The company acknowledges the risk of earnings dilution due to the increase in total share capital from the public offering and plans to enhance sales revenue and future earnings through various measures[107]. - The actual controller commits to not transferring benefits to other parties without compensation and to adhere to a frugal approach in official expenditures[108]. Operational Challenges - The company has faced risks related to technology upgrades and market competition, which could impact its market position[56][58]. - The company is currently developing a cylindrical battery assembly line prototype to meet automation production needs for various battery types[54]. - The company has not reported any major related party transactions during the reporting period[130]. - The company has not received any penalties or corrective actions related to violations by its directors, supervisors, or senior management[129].

2021 年第一季度报告 公司代码：688518 公司简称：联赢激光 深圳市联赢激光股份有限公司 2021 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 20 本报告期末 上年度末 本报告期末比上年 度末增减(%) 总资产 2,931,221,282.33 2,538,625,151.84 15.46 归属于上市公司股东的 净资产 1,453,394,831.34 1,440,990,942.38 0.86 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的现金流 量净额 33,498,620.53 -27,710,189.18 - 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 228,181,533.09 162,159,702.73 40.71 归属于上市公司股东的 净利润 12,768,303.57 11,887,553.77 ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥877.93 million, a decrease of 13.16% compared to ¥1,010.93 million in 2019[23]. - Net profit attributable to shareholders was approximately ¥66.97 million, down 7.08% from ¥72.07 million in the previous year[23]. - The company's total assets at the end of 2020 reached approximately ¥2.54 billion, a 59.08% increase from ¥1.60 billion at the end of 2019[23]. - Basic earnings per share decreased to ¥0.26, down 18.75% from ¥0.32 in 2019[24]. - The company's total revenue for the year was approximately ¥837.33 million, a decrease of 13.5% compared to the previous year, with a gross margin of 35.08%[100]. - The company's cash and cash equivalents increased by 207.59% to 309.31 million RMB compared to the previous year[115]. - The company's accounts receivable amounted to CNY 354,842,900, representing 47.95% of total revenue, indicating a significant credit risk[92]. - The inventory balance was CNY 775,080,400, accounting for 33.34% of current assets, which poses a risk of impairment due to potential demand fluctuations[94]. Research and Development - The company increased its R&D investment to ¥72,226,480.17, representing an 18.79% increase compared to the previous year[54]. - The total R&D expenditure accounted for 8.23% of the operating revenue, up from 6.01% in the previous year, an increase of 2.22 percentage points[54]. - The company achieved a production output of 96 units for its composite laser welding technology, marking a 123% increase year-over-year[49]. - A total of 27 new patents and 18 software copyrights were authorized during the reporting period, bringing the cumulative total to 152 patents and 132 software copyrights[51]. - The company has developed a multi-wavelength laser coaxial composite welding technology, which is domestically leading and internationally advanced, effectively reducing welding defects[50]. - The company has completed the development of a high-precision laser welding technology research center, focusing on key technology research and platform upgrades[58]. - The company has developed over 600 customized automated laser welding systems, meeting welding requirements for more than 1,300 types of components across 28 industries[67]. Market and Industry Trends - The global laser market is expected to grow by 10% in 2020, following a 9.9% increase in 2019, indicating a strong growth phase for the laser equipment industry[40]. - The domestic new energy vehicle market saw sales exceed 1.32 million units in 2020, reflecting a nearly 10% year-on-year growth[44]. - The demand for laser welding equipment in the power battery sector is expected to grow, driven by the increasing production of electric vehicles[45]. - The company aims to enhance its market share in the laser welding market for power batteries while expanding into consumer electronics and automotive sectors in 2021[130]. Operational Challenges - The company faced challenges in the first half of 2020 due to COVID-19, which delayed equipment delivery and installation, impacting revenue[25]. - The company relies on imported raw materials, and any disruptions in supply or significant price increases could adversely affect operations[88]. - The gradual reduction of government subsidies for new energy vehicles may exert financial pressure on downstream battery manufacturers, impacting the company's sales[90]. - The company faced risks from intensified competition in the laser welding market, which could negatively impact pricing and order retention[90]. Corporate Governance and Compliance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not violated any decision-making procedures in providing guarantees[10]. - The company has not disclosed any special arrangements for corporate governance[10]. - The company guarantees that its prospectus and other disclosures do not contain false statements or omissions, and it will bear legal responsibility for any losses incurred by investors due to such issues[147]. Employee and Social Responsibility - The company emphasizes employee rights protection, adhering to labor laws and providing comprehensive social insurance[192]. - The company expanded employment by hiring 156 graduates and interns, contributing to long-term talent development[195]. - A total of 8,750 training sessions were conducted for employees in various fields, enhancing skills and compliance[195]. - During the pandemic, the company prioritized employee health, implementing preventive measures and maintaining payroll for isolated employees[195]. Investment and Financial Management - The company has a total of 30 million RMB in large-denomination certificates of deposit from its own funds, with the same amount remaining[178]. - The company has a total of 25 million RMB in income certificates with a 3.30% annualized return, which has been fully recovered[180]. - The company has utilized CNY 357 million of idle raised funds for cash management, with a maximum limit of CNY 450 million for such activities[189]. - The company has a commitment to protect shareholder and creditor rights, ensuring compliance with relevant laws and regulations[191].

Financial Performance - Operating revenue decreased by 27.71% year-on-year, amounting to RMB 478,084,859.80[8] - Net profit attributable to shareholders dropped by 74.91% year-on-year, recorded at RMB 12,913,633.31[8] - Basic and diluted earnings per share decreased by 78.26%, reported at RMB 0.05 per share[9] - The company reported a net loss of RMB 2,737,674.77 after deducting non-recurring gains and losses[8] - The company's total revenue for the first nine months of 2020 was RMB 303,629,632.44, a decrease of 31.16% compared to the same period in 2019[19] - Total operating revenue for Q3 2020 was ¥175,227,209.95, a decrease of 16.8% compared to ¥210,742,496.06 in Q3 2019[33] - Net profit for Q3 2020 was ¥1,867,195.44, a decline of 84.3% from ¥11,873,335.57 in Q3 2019[34] - The total profit for the first three quarters of 2020 was ¥13.32 million, down 74.3% from ¥51.77 million in the same period of 2019[39] Assets and Liabilities - Total assets increased by 44.30% year-on-year, reaching RMB 2,302,800,530.75[8] - Total liabilities amounted to RMB 915,558,114.38, compared to RMB 720,457,533.58 in the previous year, which is an increase of approximately 27.0%[25] - Current assets totaled RMB 2,159,335,458.31, up from RMB 1,471,997,312.45 in the previous year, indicating a year-over-year increase of about 46.7%[24] - The company’s accounts receivable decreased by 33.41% to RMB 117,788,279.33, mainly due to a reduction in commercial acceptance bills received during the reporting period[18] - The company’s total assets reached ¥2,228,516,457.74 in Q3 2020, up from ¥1,582,997,416.50 in Q3 2019[34] - The total liabilities as of Q3 2020 were ¥876,554,883.94, an increase of 18.2% from ¥741,408,910.50 in Q3 2019[34] Cash Flow - Cash flow from operating activities decreased by 37.37% year-on-year, totaling RMB 82,714,101.75[8] - Cash flow from operating activities for the first three quarters of 2020 was ¥82.71 million, a decrease of 37.5% compared to ¥132.07 million in the same period of 2019[42] - The company reported a net cash outflow from investing activities of RMB -268,735,789.78, primarily due to the maturity of purchased financial products[19] - The cash flow from investing activities showed a net outflow of ¥268.74 million in the first three quarters of 2020, compared to a smaller outflow of ¥45.36 million in the same period of 2019[42] - The net increase in cash and cash equivalents for the third quarter of 2020 was CNY 260,842,776.57, compared to a decrease of CNY 14,649,202.38 in the previous year[46] Shareholder Information - The total number of shareholders reached 19,211 by the end of the reporting period[15] - The largest shareholder, Han Jinlong, holds 9.52% of the shares, totaling 28,474,356 shares[15] - Shareholders' equity reached RMB 1,387,242,416.37, up from RMB 875,378,615.60, representing a growth of about 58.2%[26] Research and Development - Research and development expenses accounted for 10.58% of operating revenue, an increase of 4.37 percentage points[9] - Research and development expenses for Q3 2020 were ¥21,256,986.36, an increase of 33.9% compared to ¥15,881,831.28 in Q3 2019[34] - Research and development expenses increased to ¥19.65 million in Q3 2020, up 37.5% from ¥14.32 million in Q3 2019[38] Changes in Financial Position - The company’s contract liabilities reached RMB 430,875,119.65, reflecting a reclassification under new revenue recognition standards[18] - The company reported a significant reduction in contract liabilities from ¥280,234,850.04 to ¥4,271,334.42, a decrease of ¥275,963,515.62[54] - The company implemented new revenue recognition standards effective January 1, 2020, impacting the classification of pre-receivables and accounts receivable[55]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥302.86 million, a decrease of 32.79% compared to ¥450.61 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥11.04 million, down 72.10% from ¥39.58 million year-on-year[18]. - The net cash flow from operating activities was approximately ¥2.13 million, a significant decline of 98.18% compared to ¥117.14 million in the previous year[18]. - The weighted average return on net assets decreased to 1.25%, down 3.56 percentage points from 4.81% in the previous year[19]. - The company achieved a total revenue of 139,380,000.00 RMB, with a net profit of 28,349,732.21 RMB, representing a significant increase in performance[42]. - The company reported a total of 191,404,684.50 RMB in cash received from sales of goods and services, down from 278,555,616.36 RMB in the first half of 2019[163]. - The total comprehensive income for the first half of 2020 was approximately 11.2 billion, with a total revenue of 498.9 million[169]. - The overall financial performance indicates a year-on-year growth of approximately 10% in key revenue streams[172]. Research and Development - The research and development expenditure accounted for 9.68% of operating revenue, an increase of 4.09 percentage points compared to 5.59% in the previous year[20]. - The company achieved a total R&D investment of ¥29,326,668.18, which accounts for 9.68% of its operating revenue[39]. - The company has developed 8 core technologies, including real-time laser energy feedback control technology, which enhances welding quality and reduces defect rates[34]. - The company has been granted 14 new patents and 17 software copyrights during the reporting period, bringing the total to 139 patents (including 19 invention patents) and 131 software copyrights as of June 30, 2020[37]. - Research and development expenses for the first half of 2020 were CNY 29,326,668.18, an increase from CNY 25,169,904.00 in the first half of 2019, indicating a focus on innovation[152]. Market Position and Strategy - The company specializes in precision laser welding equipment and automation solutions, serving industries such as power batteries, automotive manufacturing, and consumer electronics[25]. - The market for laser welding equipment is expected to grow significantly, driven by the increasing demand for high-quality production in the automotive and battery sectors[33]. - The company has a strong position in the domestic laser processing equipment market, which is projected to continue its upward trend due to rising automation needs[33]. - The company anticipates a significant increase in market demand for power battery production equipment, as the global market for electric vehicles expands[33]. - The company plans to leverage opportunities in high-end equipment manufacturing and deepen strategic cooperation with leading industry clients[58]. Operational Challenges - The company faced operational challenges due to the COVID-19 pandemic, which led to delays in production and installation, impacting revenue generation[20]. - The ongoing impact of the COVID-19 pandemic has delayed production and installation, affecting sales and revenue[60]. Shareholder Commitments and Governance - The company did not propose any profit distribution plan for the reporting period[6]. - The company emphasizes compliance with relevant laws and regulations regarding share transfers and lock-up commitments[80]. - The company commits to not transferring or entrusting the management of shares held prior to the IPO for 12 months post-listing and for six months after leaving the company[81]. - The company will announce any share reduction intentions in advance, ensuring transparency[78]. - The company guarantees that the IPO prospectus does not contain false records or misleading statements, and will compensate investors for losses if such issues arise[87]. Financial Health and Assets - The company's total assets increased by 37.69% to approximately ¥2.20 billion from ¥1.60 billion at the end of the previous year[18]. - The net assets attributable to shareholders rose by 58.28% to approximately ¥1.39 billion from ¥875.20 million at the end of the previous year[18]. - The total liabilities as of June 30, 2020, were RMB 811,897,392.44, compared to RMB 720,457,533.58 at the end of 2019, reflecting an increase of about 12.7%[147]. - The company's equity attributable to shareholders rose to RMB 1,385,298,903.72 from RMB 875,201,463.49, representing an increase of about 58.1%[147]. Corporate Structure and Compliance - The company was established on September 22, 2005, and is a leading provider of precision laser welding equipment and automation solutions in China, with a registered capital of 299.2 million RMB and a total of 299.2 million shares[186]. - The company includes five subsidiaries in its consolidated financial statements: Shenzhen Lianying Software Co., Ltd., Huizhou Lianying Laser Co., Ltd., UWJAPAN Co., Ltd., Huizhou Lianying Technology Co., Ltd., and Jiangsu Lianying Laser Co., Ltd.[187]. - The financial statements are prepared based on the going concern principle, with no significant doubts regarding the company's ability to continue operations for the next 12 months[189]. - The company adheres to the accounting standards for enterprises, ensuring that the financial statements accurately reflect its financial position, operating results, changes in equity, and cash flows[191].