证券代码：688678 证券简称：福立旺 公告编号：2023-023 福立旺精密机电（中国）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、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 5 月 11 日(星期四)上午 9:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 ( 网址： http://roadshow.sseinfo.com/) 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 04 日(星期四)至 05 月 10 日(星期三)16:00 前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 ir@freewon.com.cn 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。 福立旺精密机电(中国)股份有限公司(以下简称"公司")已于 2023 年 4 月 29 日发布公司 2022 ...

福立旺精密机电(中国)股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------| | | | | | 投资者关系活动类 别 | 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 | □现场参观 □其他(请文字说明 ...

福立旺精密机电（中国）股份有限公司 2022 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 2022 年第三季度报告 证券代码：688678 证券简称：福立旺 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期金额 | 年初至报告期末 金额 | 说明 | | --- | --- | --- | --- | | 非流动性资产处置损益 | 70,816.00 | 65,006.88 | | | 越权审批，或无正式批准文件，或偶发性的 | - | | | | 税收返还、减免 | | | | | 计入当期损益的政府补助，但与公司正常经 营业务密切相关，符合国家政 ...

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2022, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 80 million RMB, up 20% compared to the same period last year[19]. - Future guidance indicates a projected revenue growth of 20% for the full year 2022, with a target of 600 million RMB[19]. - Operating revenue for the first half of the year reached CNY 396,197,983.45, a 24.13% increase year-on-year[22]. - Net profit attributable to shareholders rose by 24.11% to CNY 66,752,847.77 compared to the previous year[22]. - The net profit after deducting non-recurring gains and losses increased by 23.69% to CNY 63,934,885.38[22]. - Basic earnings per share increased by 25.81% to CNY 0.39 compared to the same period last year[20]. - The company reported a total revenue of 15,414 million RMB for the first half of 2022, with a net profit of 3,604.12 million RMB, representing a year-on-year increase of 7.5%[56]. - The company reported a net profit of 500 million RMB for the first half of 2022, representing a 20% increase year-over-year[104]. - The company reported a net profit distribution to owners of CNY 26,391,340 during the first half of 2022[192]. Research and Development - The company has allocated 10% of its revenue towards R&D, focusing on advanced manufacturing technologies and automation[19]. - The company's R&D expenditure accounted for 9.09% of operating revenue, up 0.31 percentage points from the previous year[20]. - The company achieved a total R&D investment of ¥36,041,200.43, representing a 28.59% increase compared to ¥28,027,709.30 in the same period last year[47]. - Research and development expenses rose by 28.59% to RMB 36,041,200.43, driven by talent acquisition and equipment investment[76]. - The number of R&D personnel increased to 248, accounting for 11.81% of the total workforce, compared to 11.56% in the same period last year[59]. - The company is focusing on the development of high-precision diamond wire drawing technology, with a production capacity of 600 million RMB and a target to achieve a 30% reduction in costs[55]. - The R&D team is currently working on a tungsten wire project aimed at reducing costs by 30%-40% through fine wire technology[56]. - The company has established a technology system consisting of 13 core technologies, ensuring long-term high-quality development[60]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[19]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach, with a budget of 100 million RMB set aside for this purpose[19]. - The company is focusing on expanding its market presence through the development of innovative technologies and products[52]. - The company aims to enhance its production environment to ensure safety and efficiency in manufacturing processes[54]. - The company is committed to improving its competitive edge in the automotive sunroof supply sector through advanced technology and production capabilities[52]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the fiscal year[123]. - There are ongoing discussions regarding potential acquisitions to enhance product offerings and market reach, with a budget of 500 million yuan allocated for this purpose[123]. Financial Management and Compliance - The company has no plans for profit distribution or capital increase during this reporting period, focusing instead on reinvestment for growth[19]. - The management highlighted the importance of risk management strategies in navigating market volatility, particularly in supply chain disruptions[19]. - The company is subject to regulatory compliance regarding share transfers as per laws and exchange rules[102]. - The company confirmed compliance with issuance and listing conditions, with no fraudulent activities reported in the issuance registration process[111]. - The company reported a commitment to adhere to legal and regulatory requirements regarding share transfers and management[99]. - The company’s commitment to share transfer restrictions is designed to maintain market stability post-IPO[101]. Operational Efficiency - The company has seen a significant increase in R&D projects and personnel costs, contributing to the rise in R&D investment[48]. - The company is committed to optimizing production processes and improving product quality stability to respond quickly to customer needs[41]. - The company aims to enhance the yield of its products by at least 4% through the optimization of existing processes and equipment structures[51]. - The company is addressing knowledge property risks and feasibility assessments for its ongoing projects, ensuring compliance and market readiness[52]. - The company has implemented cost control measures during project construction, leading to a reduction in total project expenditure[126]. Shareholder and Governance - The company launched a restricted stock incentive plan, granting 2.7 million shares to 121 incentive targets, aimed at attracting and retaining talent[66]. - The company has established a framework for monitoring compliance with these commitments to ensure timely execution[99]. - The company’s lock-up period for shares is designed to protect shareholder interests and maintain market confidence[98]. - The company’s major shareholders are restricted to transferring no more than 25% of their total shares each year during their tenure and for 6 months after leaving their positions[99]. - The company’s controlling shareholders have provided a commitment to avoid any business competition that may conflict with the company's operations, ensuring the protection of shareholder interests[114]. Sustainability Initiatives - Future guidance indicates a focus on sustainability initiatives, with a target to reduce operational carbon emissions by 15% by 2025[105]. - The company initiated a photovoltaic roof project in October 2021, investing RMB 12.63 million, with an expected capacity of 2.13 MW, generating approximately 300 tons of CO2 reduction monthly[96]. - The wastewater reuse system was established with a reuse rate of 50%, utilizing an automatic control system for efficient operation[96].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-on-year growth of 15%[20]. - The basic earnings per share for the first half of the year increased by 25.81% to CNY 0.39 compared to the same period last year[21]. - The net profit attributable to shareholders rose by 24.11% to CNY 66,752,847.77, while the net profit after deducting non-recurring gains and losses increased by 23.69% to CNY 63,934,885.38[23]. - The gross profit margin for the first half of 2022 was reported at 35%, a slight increase from 32% in the previous year[20]. - Total revenue for the first half reached CNY 396,197,983.45, reflecting a growth of 24.13% year-on-year[23]. - The company reported a total revenue of 15,414 million RMB for the first half of 2022, with a net profit of 3,604.12 million RMB, representing a year-on-year increase of 7,639.73 million RMB[52]. - The company achieved total revenue of 39.62 million yuan, a year-on-year increase of 24.13%[62]. - Net profit attributable to shareholders reached 66.75 million yuan, up 24.11% compared to the same period last year[62]. - The company reported a total profit of RMB 68,524,667.54, which is an increase of 24.9% compared to RMB 54,751,219.20 in the previous year[163]. Research and Development - The company has invested 50 million RMB in R&D for new technologies, focusing on automation and smart manufacturing solutions[20]. - Research and development expenses accounted for 9.09% of operating revenue, up from 8.78% in the previous year[21]. - The company achieved a total R&D investment of ¥36,041,200.43, representing a 28.59% increase compared to ¥28,027,709.30 in the same period last year[47]. - R&D investment accounted for 9.09% of total revenue, an increase of 0.31 percentage points from 8.78% in the previous year[47]. - The company is focusing on the development of high-precision metal components, with 13 core technologies identified, including high-precision diamond wire drawing technology and high-performance elastic connector production technology[58]. - The company is committed to developing automatic detection technology for spring products, enhancing quality control and processing accuracy[50]. - The company is advancing projects in metal powder injection and catalytic debinding processes to meet increasing demand in the 3C industry[63]. - The company is exploring potential acquisitions to strengthen its competitive position in the market[124]. Market Expansion - User data indicates a growing customer base, with a 20% increase in active users compared to the same period last year, reaching 500,000 active users[20]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2022, aiming for a 5% market share in these regions[20]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the fiscal year[125]. - The company plans to continue its focus on R&D and market expansion in precision metal components, with no significant changes expected in its business model[34]. - The company plans to increase its marketing budget by 15% to support new product launches and market expansion efforts[102]. Operational Efficiency - The company has implemented cost-cutting measures that are expected to reduce operational expenses by 10% in the second half of 2022[20]. - The company is committed to optimizing production processes and improving product quality stability to respond quickly to customer needs[41]. - The company has optimized its production processes to ensure product quality and improve production efficiency, focusing on automation and intelligent manufacturing[52]. - The company has committed to reducing operational costs by 15% through efficiency improvements in the next fiscal year[122]. Strategic Initiatives - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's production capacity by 25%[20]. - The company has launched a restricted stock incentive plan, granting 2.7 million shares to 121 incentive targets, aimed at attracting and retaining talent[65]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $30 million allocated for potential deals[102]. - The management emphasized a focus on sustainability initiatives, aiming for a 30% reduction in carbon footprint by 2025[102]. Financial Management - The company has implemented a wastewater recycling system with a reuse rate of 50%, enhancing its environmental sustainability efforts[95]. - The total amount used for share repurchase will not exceed the total funds raised from the initial public offering[105]. - The company will ensure that the repurchase price does not exceed the audited net asset value per share from the previous fiscal year[105]. - The company will comply with all relevant laws and regulations regarding share repurchases to maintain compliance with listing conditions[105]. - The company has committed to not transferring shares for 36 months following its initial public offering, ensuring stability in shareholding[97]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 7,025[138]. - The company’s controlling shareholders have issued a commitment letter to avoid any business competition that may conflict with the company's operations[118]. - The company did not distribute dividends to shareholders during this period, maintaining earnings for reinvestment[193]. Risks and Challenges - The company faces risks related to core competitiveness, operational capacity, currency fluctuations, inventory depreciation, industry demand, and macroeconomic conditions[67][68][69][70][72][73]. - The management indicated a cautious outlook for the next quarter, considering market conditions and potential challenges[190].

Financial Performance - Revenue for Q1 2022 reached ¥212,456,440.05, an increase of 35.67% compared to the same period last year[4] - Net profit attributable to shareholders was ¥38,192,551.85, reflecting a growth of 51.65% year-over-year[4] - Net profit excluding non-recurring gains and losses was ¥36,688,205.35, up 55.55% from the previous year[4] - Basic earnings per share (EPS) was ¥0.22, representing a 46.67% increase compared to the same period last year[4] - Total operating revenue for Q1 2022 reached ¥212,456,440.05, a 35.7% increase from ¥156,602,700.28 in Q1 2021[18] - Net profit for Q1 2022 was ¥38,846,130.76, representing a 49.6% increase compared to ¥25,949,045.52 in Q1 2021[20] - The total profit for Q1 2022 was ¥42,625,837.28, a 56.1% increase from ¥27,348,717.30 in Q1 2021[20] - Basic and diluted earnings per share for Q1 2022 were both ¥0.22, up from ¥0.15 in Q1 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,874,661,211.37, a 2.09% increase from the end of the previous year[5] - The company's current assets totaled ¥996,254,346.21, down from ¥1,026,271,241.39 at the end of 2021, indicating a decrease of approximately 2.5%[14] - The cash and cash equivalents were reported at ¥272,952,955.67, a decrease from ¥308,884,234.97, reflecting a decline of about 11.6%[14] - The company's total liabilities stood at ¥434,964,576.20, slightly down from ¥435,445,558.59 at the end of 2021[16] - The total equity attributable to shareholders increased to ¥1,427,319,059.88 from ¥1,387,845,081.18, representing a growth of approximately 2.8%[16] - The company's inventory was reported at ¥197,228,779.51, showing a slight increase from ¥194,926,808.07[14] - The accounts receivable increased to ¥299,183,955.78 from ¥297,051,803.60, indicating a growth of about 0.7%[14] - The non-current assets totaled ¥878,406,865.16, an increase from ¥810,024,821.61, indicating a growth of about 8.4%[15] Cash Flow - The net cash flow from operating activities was ¥27,820,818.47, showing a growth of 6.37% year-over-year[4] - Cash inflow from operating activities totaled ¥187,419,100.50, an increase from ¥154,553,773.28 in Q1 2021[21] - The net cash flow from operating activities was $27,820,818.47, an increase from $26,154,978.55 in the previous year, reflecting a growth of approximately 6.35%[22] - Total cash outflow from investing activities amounted to $239,127,709.33, compared to $100,779,520.66 in the prior year, indicating a significant increase of about 136.5%[22] - The net cash flow from investing activities was -$63,417,885.91, an improvement from -$100,768,020.66 year-over-year[22] - Cash and cash equivalents at the end of the period totaled $272,952,955.67, down from $604,254,001.18, representing a decrease of approximately 54.8%[22] - The total cash outflow from financing activities was $338,591.97, compared to $33,083,105.62 in the previous year, showing a reduction of about 98.98%[22] - The company experienced a net decrease in cash and cash equivalents of $35,931,279.30, compared to a decrease of $99,497,776.56 in the same quarter last year[22] Research and Development - R&D investment totaled ¥17,881,493.39, accounting for 8.42% of revenue, a decrease of 2.48 percentage points year-over-year[4] - Research and development expenses for Q1 2022 were ¥17,881,493.39, slightly up from ¥17,066,762.06 in Q1 2021[18] Shareholder Information - The company had a total of 5,138 common shareholders at the end of the reporting period[9] - The largest shareholder, WINWIN OVERSEAS GROUP LIMITED, held 48.10% of the shares, totaling 83,378,862 shares[9]

Financial Performance - The company's operating revenue for 2021 was ¥726,487,784.03, representing a 40.53% increase compared to ¥516,950,211.02 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥122,139,075.84, which is a 9.48% increase from ¥111,559,341.41 in 2020[26]. - The net cash flow from operating activities decreased by 69.37% to ¥43,901,889.02 in 2021 from ¥143,334,918.46 in 2020[26]. - The total assets at the end of 2021 were ¥1,836,296,063.00, a 6.88% increase from ¥1,718,149,984.72 at the end of 2020[26]. - The basic earnings per share for 2021 was ¥0.70, down 18.60% from ¥0.86 in 2020[27]. - The gross profit margin for 2021 was 33.88%, down from 41.22% in 2020, indicating a decline in profitability[109]. - The cost of sales increased by 58.07% to 480.33 million RMB, primarily due to business scale growth[115]. - The company's main business revenue reached 721.83 million yuan, an increase of 41.04% compared to the previous year, driven by new product and customer development[118]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 8.34% in 2021 from 8.04% in 2020[27]. - R&D expenses for the reporting period amounted to RMB 60.57 million, an increase of 45.70% year-on-year, with 27 new R&D personnel added, representing a 14.84% growth compared to the end of the previous year[55]. - The company applied for 66 intellectual property rights during the reporting period, including 9 invention patents and 57 utility model patents, with 51 rights authorized, comprising 2 invention patents and 49 utility model patents[55]. - The company is focusing on the development of 13 core technologies, including high-precision metal injection molding and high-stability spring forming technology[85]. - The company has developed 13 core technologies, including high-precision metal forming and injection molding techniques, which are crucial for maintaining long-term high-quality development[100]. Market and Product Development - Revenue from 3C precision metal components was RMB 384.08 million, growing by 54.16% year-on-year[35]. - The automotive precision metal components revenue was RMB 157.13 million, reflecting an 11.76% increase year-on-year[35]. - The sales revenue from the photovoltaic sector reached RMB 62.26 million, marking a 70.64% increase year-on-year[35]. - The company is focusing on increasing product value by developing new products and enhancing existing ones in the consumer electronics sector[144]. - The company is actively pursuing opportunities in emerging industries such as 5G communication and the Internet of Things[141]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[7]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[10]. - The company has not violated any decision-making procedures for external guarantees[10]. - The company has confirmed that all board members attended the board meeting[6]. - The company has established a fair and reasonable salary and welfare distribution system to motivate employees, adjusting salaries based on performance and operational needs[184]. Employee and Management Structure - The company has a total of 1,717 employees, with 1,323 in production, 74 in sales, 209 in technical roles, 13 in finance, and 98 in administration[182][183]. - The company has initiated an employee stock ownership plan with a total funding of up to RMB 20 million, allowing participation from up to 140 employees[191]. - The company has maintained a consistent leadership structure with key personnel serving since 2019[162]. - The total pre-tax compensation for key personnel amounted to 687.33 million CNY during the reporting period[162]. Future Outlook and Strategic Initiatives - The company plans to invest RMB 1 billion in the "Nantong Precision Metal Parts Intelligent Manufacturing Base Project" to enhance production capacity and market scale[134]. - The company aims to deepen its business layout and expand into new sectors such as new energy batteries and solar photovoltaic battery mesh[143]. - The company plans to continue expanding its product offerings and customer base to sustain revenue growth in the future[118]. - The company is committed to improving automation and intelligence in manufacturing processes to meet the rising demand for precision metal parts[138]. - The company plans to continue strengthening its human resources by recruiting excellent R&D and management personnel to enhance the overall quality and capabilities of its workforce in 2022[150].

2021 年第三季度报告 证券代码：688678 证券简称：福立旺 福立旺精密机电(中国)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 | 190,506,330.86 | 48.03 | 509,688,333.83 | 5 ...

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[14]. - The company's operating revenue for the first half of the year reached ¥319,182,002.97, representing a 59.35% increase compared to ¥200,303,290.93 in the same period last year[22]. - The net profit attributable to shareholders was ¥53,785,919.10, up 20.84% from ¥44,510,419.27 year-on-year[22]. - The company reported a net profit of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[108]. - The company reported a total revenue of 10,181.40 million RMB for the first half of 2021, with a net profit of 2,802.72 million RMB, reflecting a significant increase compared to the previous period[56]. - The basic earnings per share decreased by 8.82% to ¥0.31 from ¥0.34 year-on-year[23]. - The weighted average return on equity fell to 4.03%, down 4.11 percentage points from 8.14% in the previous year[23]. - The company reported a total revenue of 71,259.62 million RMB for the first half of 2021, with a decrease of 42,982.22 million RMB compared to the previous period[135]. Research and Development - R&D investment increased by 30% compared to the previous year, focusing on advanced manufacturing technologies[14]. - Research and development expenses accounted for 8.78% of operating revenue, an increase of 1.66 percentage points compared to 7.12% in the same period last year[23]. - The total R&D investment for the period was approximately ¥28.03 million, representing a 96.53% increase compared to the previous period[49]. - The company has seen a significant increase in R&D personnel costs, contributing to the rise in total R&D expenditure[50]. - The company is currently working on several projects, including improving the stability of composite machining, with a total expected investment of ¥12.14 million[52]. - The company has developed a total of 11 core technologies, including high-precision metal forming and injection molding techniques, which are crucial for its long-term quality development[46]. - The company is actively pursuing new product development and technological advancements to meet the growing demands of the photovoltaic and automotive industries[61]. Market Expansion and Strategy - The company aims to expand its market presence in Southeast Asia, with a target of entering three new countries by the end of 2021[14]. - Future outlook indicates a projected revenue growth of 25% for the second half of 2021, driven by market expansion and new product introductions[14]. - The company plans to expand its market presence by developing innovative products and technologies to meet industry demands[54]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan allocated for potential mergers[106]. - The company plans to invest 11,987.97 million RMB from raised funds to establish a wholly-owned subsidiary for new projects[135]. - The company is focused on enhancing its operational efficiency and exploring potential mergers and acquisitions to drive growth[145]. Sustainability and Environmental Practices - The management highlighted a strategic shift towards sustainable practices, aiming for a 50% reduction in carbon emissions by 2025[14]. - Future guidance indicates a focus on sustainability initiatives, with a target to reduce carbon emissions by 20% by 2025[110]. - The company has committed to various restrictions on share transfers by major shareholders and management to maintain stability post-IPO[96]. - The company does not generate industrial wastewater, and domestic sewage is treated at a sewage treatment plant[93]. - The company employs measures to collect and treat waste gases generated during production, ensuring minimal environmental impact[93]. Shareholder and Governance Matters - The company has established a management committee for the employee stock ownership plan to handle related matters[91]. - The company has committed to not transferring benefits to other entities unfairly and to ensure that management's compensation is linked to the execution of return measures[123]. - The company will disclose the fulfillment of its commitments and any remedial actions in its periodic reports if the commitments are not timely fulfilled[118]. - The company emphasizes the importance of compliance with legal and regulatory requirements in its public offering process[118]. - The company has established a governance structure to protect the rights of shareholders and ensure effective decision-making by the board[120]. Operational Efficiency - The company aims to enhance its manufacturing capabilities through automation and intelligent upgrades, establishing a strong competitive edge in the precision metal parts sector[43]. - The company aims to reduce operational costs by 15% through efficiency improvements and automation technologies[109]. - The company is enhancing the strength and fatigue resistance of multi-strand steel wires, achieving a strength increase of over 2 times compared to single wires[54]. - The company is working on optimizing the cutting process for silicon wafers, aiming to reduce cutting costs and increase yield rates, with a target of achieving a cutting diameter of 40μm[54]. Financial Health and Investments - The company's total assets at the end of the reporting period were ¥1,721,278,445.79, a slight increase of 0.18% from ¥1,718,149,984.72 at the end of the previous year[22]. - The company has a strong focus on enhancing production efficiency and product precision through ongoing R&D efforts[52]. - The company has committed to maintaining and optimizing its profit distribution system to enhance shareholder returns, particularly for minority shareholders[121]. - The company has made a commitment to take measures to mitigate the dilution of immediate returns from the public offering[119]. - The company reported a total equity of 130,000,000.00 at the end of the reporting period[198].

Financial Performance - Operating revenue rose by 95.55% to CNY 156,602,700.28 year-on-year[5] - Net profit attributable to shareholders increased by 31.04% to CNY 23,585,644.22 compared to the same period last year[5] - Basic and diluted earnings per share increased by 7.14% to CNY 0.15[5] - The total operating revenue for Q1 2021 was ¥156,602,700.28, representing an increase of 95.5% compared to ¥80,082,962.91 in Q1 2020[24] - The net profit for Q1 2021 reached ¥25,949,045.52, a 43.1% increase from ¥18,145,926.57 in Q1 2020[25] - The net profit for Q1 2021 was CNY 23,268,159.78, an increase from CNY 18,498,494.34 in Q1 2020, representing a growth of approximately 25.2%[30] - Operating profit for Q1 2021 reached CNY 24,898,136.40, compared to CNY 20,958,996.88 in the same period last year, indicating a year-over-year increase of about 18.5%[30] - The total comprehensive income for Q1 2021 was CNY 23,268,159.78, up from CNY 18,498,494.34 in Q1 2020, reflecting a growth of approximately 25.2%[30] Assets and Liabilities - Total assets increased by 1.06% to CNY 1,736,441,124.40 compared to the end of the previous year[5] - Current assets totaled RMB 1,071,732,797.46, down from RMB 1,107,885,255.61 at the end of 2020, indicating a decrease of about 3.3%[17] - Total liabilities decreased to RMB 382,822,677.82 from RMB 390,480,583.66, a reduction of about 2.0%[18] - Non-current assets totaled RMB 664,708,326.94, up from RMB 610,264,729.11, indicating an increase of about 8.9%[17] - The total liabilities as of the end of Q1 2021 were ¥349,648,686.07, a decrease from ¥366,515,078.01 at the end of Q1 2020[22] - The total equity increased to ¥1,334,712,514.47 in Q1 2021, compared to ¥1,311,444,354.69 in Q1 2020[22] Cash Flow - Cash flow from operating activities decreased by 25.53% to CNY 26,154,978.55 compared to the previous year[5] - The company reported a net cash flow from operating activities of ¥26.15 million, a decrease of 25.53% from ¥35.12 million in the previous period[12] - Cash flow from operating activities generated a net amount of CNY 26,154,978.55, down from CNY 35,120,043.71 in Q1 2020, reflecting a decrease of approximately 25.5%[34] - The company incurred a cash outflow of CNY 100,779,520.66 for investment activities in Q1 2021, significantly higher than CNY 26,384,730.88 in the same period last year[35] - Cash inflow from financing activities was CNY 7,990,000 in Q1 2021, a decrease from CNY 55,000,000 in Q1 2020, indicating a decline of approximately 85.5%[35] Research and Development - R&D investment as a percentage of operating revenue increased by 1.92 percentage points to 10.90%[5] - Research and development expenses rose by 137.36% to ¥17.07 million, driven by talent acquisition and investment in materials and equipment[11] - Research and development expenses for Q1 2021 totaled ¥17,066,762.06, which is a 136.5% increase from ¥7,190,213.98 in Q1 2020[24] Shareholder Information - The total number of shareholders reached 11,553 at the end of the reporting period[8] - The largest shareholder, WINWIN OVERSEAS GROUP LIMITED, holds 48.10% of the shares[9] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 2,011,779.00 related to its normal business operations[6] - Other income surged by 524.10% to ¥1.96 million, primarily from government subsidies[12]