证券代码：000551 证券简称：创元科技 创元科技股份有限公司 2021 年 5 月 13 日投资者关系活动记录表 编号：2021002 | --- | --- | --- | --- | --- | --- | |-------------------------|-----------------------------|--------------------------------------------------------|-------|-------|----------| | | | | | | | | 投资者关系活动 | √特定对象调研 □分析师会议 | | | | | | 类别 | □媒体采访 □业绩说明会 | | | | | | | □新闻发布会 □路演活动 | | | | | | | □现场参观 | | | | | | | □其他 | （请文字说明其他活动内容） | | | | | 参与单位名称及 人员姓名 | | 中珏投资管理有限公司，黄加文（投资经理） | | | | | 时间 2021 | 年 5 月 13 日星期四 | 上午 10：30-11:30 | | | | | 地 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥1,084,173,559.41, representing a year-over-year increase of 28.18%[5] - Net profit attributable to shareholders was ¥32,720,796.55, up 72.35% compared to the same period last year[5] - The net profit excluding non-recurring gains and losses was ¥30,850,792.05, reflecting a significant increase of 113.36% year-over-year[5] - Total operating revenue for the period reached CNY 3,053,263,067.82, an increase of 13.6% compared to CNY 2,687,473,438.20 in the previous period[28] - Net profit for the period was CNY 199,262,948.75, representing a 27.5% increase from CNY 155,980,078.18 in the same period last year[29] - Basic and diluted earnings per share increased to CNY 0.2963 from CNY 0.2304, marking a growth of 28.6%[30] - The company reported a total comprehensive income of CNY 291,932,111.58, up from CNY 164,973,594.72, representing a growth of 76.8%[29] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥6,199,288,464.24, a 13.94% increase from the end of the previous year[5] - The company's total liabilities rose to CNY 3,080,914,690.35 from CNY 2,658,636,841.96, indicating a growth of 15.8%[27] - Total equity attributable to shareholders increased to CNY 2,199,325,953.70 from CNY 1,985,122,395.76, reflecting a growth of 10.8%[27] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥278,304,791.43, showing an increase of 11,164.11%[5] - The net cash flow from operating activities increased by 11,164.11% year-on-year, reaching ¥278,304,791.43, primarily due to increased cash received from sales of goods and services[9] - Cash flow from operating activities generated a net amount of CNY 278,304,791.43, significantly higher than CNY 2,470,722.52 in the previous period[31] - The net cash flow from financing activities increased by 78.53% year-on-year, totaling -¥12,615,851.82, primarily due to a decrease in cash paid for dividends and interest[9] - The net cash flow from financing activities was -¥12,615,851.82, an improvement from -¥58,761,914.35 year-over-year[32] - The net increase in cash and cash equivalents rose by 174.62% year-on-year, reaching ¥115,890,668.37, mainly driven by the significant increase in net cash flow from operating activities[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,681[11] - The largest shareholder, Suzhou Chuangyuan Investment Development (Group) Co., Ltd., holds 35.57% of the shares, totaling 143,701,054 shares[11] - The controlling shareholder, Chuangyuan Group, completed a share buyback of 576,000 shares, representing 0.14% of the total share capital, with a total investment of ¥5,000,400[15] - The company has no known related party relationships among its top shareholders, ensuring independent shareholder actions[12] Investments and Acquisitions - The company participated in the establishment of the Suzhou Chuangyuan Venture Capital Partnership with a total investment scale of 100 million RMB, where it contributed 10 million RMB, holding a 10% stake[17] - The company’s subsidiary, Shanghai Beifen, planned a major asset restructuring but ultimately terminated the plan due to disagreements on transaction terms[14] Operational Metrics - Accounts receivable increased by 40.62% year-over-year, primarily due to higher revenue and outstanding payments[8] - The company’s inventory as of September 30, 2022, was approximately 1.31 billion RMB, up from 1.23 billion RMB, showing an increase of about 6.4%[24] - The company’s non-current assets totaled approximately 2.08 billion RMB, up from 1.86 billion RMB, reflecting an increase of about 11.7%[26] - Research and development expenses totaled CNY 151,253,482.37, an increase of 8.4% compared to CNY 139,535,963.96 last year[29] Other Financial Metrics - Financial expenses decreased by 150.53% year-over-year, attributed to currency exchange rate fluctuations[8] - Investment income increased by 39.18% year-over-year, mainly from higher dividend distributions from equity investments[8] - The company reported a 51.41% decrease in other income, primarily due to a reduction in government subsidies recognized as non-recurring gains[8] - Other comprehensive income after tax for the period was CNY 92,669,162.83, compared to CNY 8,993,516.54 in the previous period[29] Cash and Cash Equivalents - The company's cash and cash equivalents reached approximately 1.09 billion RMB as of September 30, 2022, compared to 976.26 million RMB at the beginning of the year, indicating an increase of about 11.3%[24] - The ending balance of cash and cash equivalents was ¥1,007,096,876.37, up from ¥731,269,980.03 in the previous period[32] - The impact of exchange rate changes on cash and cash equivalents increased by 1,136.35% year-on-year, amounting to ¥22,878,658.13, due to fluctuations in the RMB against foreign currencies[9] Management Changes - The company appointed Liu Wenhua as the new Chief Financial Officer on October 10, 2022, following the resignation of the previous CFO[23] Audit Status - The third-quarter report was not audited[33]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,969,089,508.41, representing a 6.92% increase compared to CNY 1,841,647,729.21 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 86,972,619.99, an increase of 18.82% from CNY 73,198,319.14 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 82,316,921.43, reflecting a 30.08% increase from CNY 63,282,710.14 year-on-year[20]. - The net cash flow from operating activities was CNY 57,713,960.17, a significant improvement from a negative CNY 9,278,607.57 in the same period last year, marking a 722.01% increase[20]. - Basic earnings per share for the period were CNY 0.2174, up 18.80% from CNY 0.1830 in the previous year[20]. - The gross profit margin improved slightly, with operating costs rising to CNY 1,541,371,700.79, a 6.87% increase from CNY 1,442,224,460.02 in the previous year[68]. - The company reported a net profit margin of 15% for the first half of 2022, an improvement from 12% in the same period last year[157]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,764,035,674.15, a 5.94% increase from CNY 5,440,656,558.30 at the end of the previous year[20]. - The total liabilities reached CNY 2,830,984,413.45, compared to CNY 2,658,636,841.96 at the start of the year, showing an increase of about 6.46%[195]. - Owner's equity totaled CNY 2,933,051,260.70, up from CNY 2,782,019,716.34, representing a growth of approximately 5.43%[195]. - Accounts receivable rose to CNY 736,058,785.91 from CNY 565,986,157.10, reflecting a significant increase of approximately 30.05%[194]. - The total approved external guarantee amount during the reporting period was CNY 20,825.80 million, with actual guarantees amounting to CNY 31,000.58 million[159]. Business Operations and Market Outlook - The main business remains focused on clean environmental engineering and high-voltage porcelain insulators, with no significant changes in the business scope during the reporting period[26]. - The cleanroom engineering sector is expected to benefit from the growth in the semiconductor industry, with stable demand projected in the short term[27]. - The environmental protection equipment market is projected to have a promising outlook, driven by national policies and the push for green development[31]. - The company anticipates continued growth in demand for cleanroom and purification facilities due to the booming sectors of new energy and electronic information[27]. - The mechanical industry is expected to gradually recover in the second half of 2022, driven by stable economic policies and effective control of the COVID-19 pandemic[37]. Research and Development - Research and development expenses increased by 7.37% to CNY 100,159,328.55, up from CNY 93,285,241.75 year-on-year, indicating a commitment to innovation[68]. - The company emphasizes innovation and has established multiple research platforms, including a national postdoctoral research station and various engineering technology research centers[50]. - Jiangsu Sujing has filed 17 projects during the reporting period, with 2 approved, and holds 45 authorized patents, including 6 invention patents[53]. Corporate Governance and Management - The company plans not to distribute cash dividends or issue bonus shares[5]. - The management has highlighted potential risks and countermeasures in the report, which investors are encouraged to review[4]. - The company has maintained a stable development strategy and operational plan, ensuring effective risk identification and control[100]. - The company appointed a new director and a deputy general manager during the reporting period, with changes effective in June and July 2022[105]. Subsidiaries and Investments - The subsidiary Jiangsu Sujing reported a net profit of ¥43,593,815.96 with total assets of ¥2,326,509,144.48 and operating income of ¥973,830,872.64[90]. - The subsidiary Suzhou Electric Porcelain achieved a net profit of ¥48,202,178.60 with total assets of ¥1,056,522,228.19 and operating income of ¥371,567,220.97[90]. - The company completed the acquisition of 71.087% equity in Chuangyuan New Materials for RMB 11.053 million, enhancing its competitiveness in the abrasive tools industry[141]. Social Responsibility and Community Engagement - The company’s subsidiary, Jiangsu Sujing, contributed significantly to pandemic control efforts, with over 411 volunteer missions and more than 3,000 hours of service provided[118]. - The company’s subsidiary, Suzhou Electric Porcelain, organized 181 employees for volunteer activities during the pandemic, contributing over 1,500 hours of service[118]. Risk Factors and Future Plans - The company faced risks from macroeconomic factors, including the ongoing COVID-19 pandemic and geopolitical tensions, which could impact production and operations[95]. - The company plans to enhance its market competitiveness by adopting digital technologies and remote working strategies to respond to external changes[96]. - The company does not foresee any major risk factors that could severely impact its production, financial status, or sustainable profitability[100].

Financial Performance - The company's revenue for Q1 2022 was ¥1,000,382,190.86, representing an increase of 8.54% compared to ¥921,690,124.88 in the same period last year[3] - Net profit attributable to shareholders was ¥37,745,831.67, up 12.18% from ¥33,648,989.26 year-on-year[3] - Total operating revenue for Q1 2022 was CNY 1,000,382,190.86, an increase of 8.9% compared to CNY 921,690,124.88 in Q1 2021[15] - Net profit for Q1 2022 reached CNY 58,381,299.03, representing a 5.3% increase from CNY 55,520,574.13 in Q1 2021[15] - Earnings per share for Q1 2022 were CNY 0.09, compared to CNY 0.08 in Q1 2021, indicating a growth of 12.5%[16] - The total comprehensive income for Q1 2022 was CNY 96,664,466.38, compared to CNY 77,188,488.62 in the same period last year, indicating a growth of 25.3%[16] Cash Flow - The net cash flow from operating activities was -¥48,317,270.19, a significant decrease of 651.60% compared to ¥8,759,546.90 in Q1 2021[3] - The net cash flow from operating activities was -48,317,270.19 CNY, a decrease from 8,759,546.90 CNY in the previous period, indicating a significant decline in operational performance[17] - Total cash inflow from operating activities was 876,751,221.27 CNY, down from 902,353,684.57 CNY, reflecting a decrease of approximately 2.6%[17] - Cash outflow from operating activities increased to 925,068,491.46 CNY from 893,594,137.67 CNY, representing an increase of about 3.6%[17] - The net cash flow from investing activities was -75,917,168.01 CNY, compared to -74,762,356.66 CNY in the previous period, indicating a slight increase in cash outflow[19] - Cash inflow from financing activities totaled 248,074,924.41 CNY, significantly higher than 126,348,148.83 CNY in the previous period, marking an increase of approximately 96.5%[19] - The net cash flow from financing activities was 29,866,396.50 CNY, a decrease from 42,035,509.48 CNY in the previous period, indicating reduced financing efficiency[19] - The ending cash and cash equivalents balance was 794,587,163.14 CNY, down from 864,230,543.90 CNY, reflecting a decrease of about 8.1%[19] - The cash received from tax refunds was 12,208,744.63 CNY, up from 5,578,248.62 CNY, indicating improved cash recovery from tax[17] Assets and Liabilities - Total assets at the end of Q1 2022 reached ¥5,705,473,470.26, an increase of 8.48% from ¥5,259,657,281.54 at the end of the previous year[3] - The total liabilities as of Q1 2022 amounted to CNY 2,826,317,163.27, an increase from CNY 2,658,636,841.96 in the previous year[15] - The total equity attributable to shareholders of the parent company was CNY 2,061,854,206.72, up from CNY 1,985,122,395.76 in Q1 2021, marking an increase of 3.8%[15] - The total non-current assets amount to ¥1,969,334,756.08, up from ¥1,861,357,779.14, representing a growth of about 5.8%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,228[9] - The largest shareholder, Suzhou Chuangyuan Investment Development (Group) Co., Ltd., holds 35.55% of shares, totaling 143,625,054 shares[9] - The company has no preferred shareholders as indicated in the report[11] - The top ten shareholders do not have any associated relationships or act in concert as per the regulations[10] - The company has a total of 8,000,000 shares held by individual shareholders with no restrictions on sale[10] Expenses - Total operating costs for Q1 2022 were CNY 924,822,915.00, up from CNY 859,223,648.20 in the same period last year, reflecting a year-over-year increase of 7.6%[15] - Research and development expenses for Q1 2022 were CNY 51,943,414.78, compared to CNY 44,291,201.42 in Q1 2021, reflecting a year-over-year increase of 17.4%[15] - The company reported a 64.10% increase in financial expenses, totaling ¥9,317,188.50, mainly due to foreign exchange losses[7] - Investment income decreased by 32.14% to ¥903,872.73, attributed to reduced profits from equity-method investments[7] - The company recorded a significant increase in credit impairment losses, amounting to -¥9,076,808.98, reflecting a rise in accounts receivable[7] - The company received government subsidies of ¥2,711,288.47, a decrease of 54.93% from the previous year[7] Accounts Receivable and Inventory - Accounts receivable increased by 42.24% to ¥805,043,254.83, primarily due to increased sales to customers[6] - Accounts receivable increased to ¥805,043,254.83 from ¥565,986,157.10, reflecting a growth of approximately 42.4%[12] - Inventory decreased to ¥1,184,172,547.95 from ¥1,231,032,293.98, indicating a reduction of about 3.8%[12] - The company reported a decrease in contract liabilities to CNY 381,998,621.40 from CNY 440,887,287.20 in the previous year, a decline of 13.3%[15]

Business Focus and Strategy - The company reported a significant shift in its main business focus towards advanced manufacturing, specifically in clean environmental protection and high-voltage porcelain insulators, following a major asset restructuring in 1999 and further consolidation in 2000[19]. - The company’s future outlook includes a commitment to innovation and expansion in its core business areas, although specific numerical guidance was not provided in the available content[5]. - The company emphasizes the introduction, digestion, and absorption of technology to enhance customer development capabilities during international expansion[53]. - The company aims to enhance product competitiveness by promoting "smart transformation and digital transition" within its operations[154]. - The company is focusing on sustainable development and quality improvement, transitioning from scale expansion to a quality and efficiency-oriented model[83]. Financial Performance - The company's operating revenue for 2021 was ¥3,697,386,523.19, representing a 15.06% increase compared to ¥3,213,346,174.94 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥108,897,338.11, a decrease of 6.66% from ¥116,673,578.73 in 2020[20]. - The net cash flow from operating activities increased by 30.37% to ¥268,697,234.38 in 2021 from ¥206,102,444.52 in 2020[20]. - The total assets at the end of 2021 were ¥5,440,656,558.30, an increase of 8.80% from ¥5,000,387,466.07 at the end of 2020[20]. - The company achieved a revenue of 3.697 billion yuan in 2021, representing a year-on-year increase of 15.06%[82]. Governance and Compliance - The board of directors and senior management have confirmed the accuracy and completeness of the annual report, taking legal responsibility for any misstatements or omissions[4]. - The governance structure of the company is in compliance with relevant laws and regulations, ensuring independent operations from its controlling shareholder, Chuangyuan Group[176]. - The company has established a comprehensive employee performance evaluation and incentive mechanism to ensure transparency and compliance with legal regulations[172]. - The company has implemented measures to ensure accurate and timely information disclosure, maintaining transparency for all shareholders[174]. - The company is committed to continuous improvement in governance practices to protect the rights of all shareholders, especially minority shareholders[175]. Research and Development - The company has established a comprehensive independent R&D system and holds multiple qualifications, including "National High-tech Enterprise" and "Jiangsu Province High-performance Precision Rolling Bearing Engineering Technology Research Center"[53]. - Research and development expenses increased by 18.85% year-on-year, totaling ¥191,857,959.82 in 2021[113]. - The number of R&D personnel rose by 6.20% to 702, with a notable increase in bachelor's degree holders by 8.16%[115]. - The company completed key R&D projects, including high-precision cleanroom technology and wastewater treatment solutions, enhancing its competitive edge in high-end markets[114]. - Jiangsu Sujing obtained 56 national authorized patents during the reporting period, including 6 invention patents, and filed 66 patents, with 20 being invention patents[60]. Market and Industry Trends - The cleanroom engineering industry is experiencing significant growth due to increasing demands from sectors such as electronics, healthcare, and renewable energy[29]. - The environmental protection equipment industry is favored by the market, with over 70% of enterprises being small and medium-sized, and large enterprises accounting for less than 30%[32]. - The State Grid plans to invest over 500 billion yuan in 2022, marking a historical high, with a focus on new infrastructure and renewable energy construction[35]. - The bearing industry is expected to achieve a main business income of 223.7 billion to 258.3 billion yuan during the 14th Five-Year Plan period, with an annual growth rate of 3% to 6%[38]. - By 2025, the market size of China's bearing manufacturing industry is expected to exceed 250 billion yuan, with annual revenue growth projected at 3%-6%[149]. Risk Management - The company has faced various risks as outlined in the management discussion and analysis section, particularly regarding future development prospects[5]. - The company emphasizes the importance of investor awareness regarding potential risks associated with forward-looking statements made in the annual report[5]. - Approximately 17% of the company's products are exported, exposing it to risks from international trade disputes and currency fluctuations[157]. - The ongoing COVID-19 pandemic presents uncertainties that could impact financial market volatility, logistics, and international business operations, prompting the company to implement strict safety measures and coordinate production and delivery[160]. - The company has established long-term partnerships with key suppliers to mitigate risks associated with raw material price volatility[158]. Subsidiaries and Acquisitions - The company completed the acquisition of 55% of Shanghai Beifen, a high-tech enterprise in gas monitoring, enhancing its energy-saving and environmental protection business[92]. - The net profit of Jiangsu Sujing, a subsidiary, was ¥60,849,886.34, contributing over 10% to the company's net profit[137]. - The net profit of Suzhou Electric Porcelain, another subsidiary, was ¥62,544,031.40, also contributing significantly to the overall performance[137]. - The company acquired Shanghai Beifen Technology Co., Ltd. through a cash purchase, positively impacting overall operations and performance[139]. - The company is expanding its operational capabilities by integrating new leadership with diverse backgrounds in engineering and management, enhancing its competitive edge in the market[189]. Shareholder Engagement - The company has established a dedicated investor relations platform to facilitate communication and address investor concerns regarding its annual report and business development[174]. - The annual shareholders' meeting had a participation rate of 38.28%[183]. - The company has a total of 11 directors and supervisors, with no shareholding changes reported during the period[185]. - The company experienced a leadership change with the resignation of Chairman Liu Chunqi on May 21, 2021, and the election of Shen Weimin as the new Chairman on June 7, 2021[186]. - The company is committed to maintaining a sustainable growth strategy, focusing on both organic growth and strategic partnerships[199].

Financial Performance - The company's revenue for Q3 2021 was ¥845,825,708.99, representing a year-over-year increase of 7.78%, while the year-to-date revenue reached ¥2,687,473,438.20, up 17.25% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥18,985,061.62, a decrease of 25.40% year-over-year, with a year-to-date net profit of ¥92,183,380.76, reflecting a growth of 4.33%[4] - Total operating revenue for the third quarter reached CNY 2,687,473,438.20, an increase of 17.3% compared to CNY 2,292,118,557.97 in the same period last year[18] - Net profit for the period was CNY 155,980,078.18, representing a 3.9% increase from CNY 150,110,520.31 in the previous year[19] - Earnings per share (EPS) for the quarter was CNY 0.23, compared to CNY 0.22 in the same quarter last year[20] - The company reported a total comprehensive income of CNY 164,973,594.72, compared to CNY 144,825,394.93 in the same period last year[20] Cash Flow and Liquidity - The company's cash flow from operating activities showed a significant decline, with a net cash flow of ¥2,470,722.52 for the year-to-date, down 96.51% compared to the previous year[9] - Cash flow from operating activities totaled CNY 2,849,062,445.90, an increase from CNY 2,346,483,402.98 in the previous year[22] - The net cash flow from operating activities was 2,470,722.52, a decrease from 70,851,282.41 in the previous year[23] - Total cash outflow from operating activities amounted to 2,846,591,723.38, compared to 2,275,632,120.57 in the same period last year[23] - The ending balance of cash and cash equivalents was 731,269,980.03, down from 824,798,861.00 at the end of the previous year[23] - Cash and cash equivalents decreased from ¥993,160,923.98 at the end of 2020 to ¥808,075,388.16 by September 30, 2021, a decline of approximately 18.6%[14] Assets and Liabilities - Total assets as of September 30, 2021, were ¥5,437,414,767.34, an increase of 8.74% from the end of the previous year[4] - Total current liabilities rose from ¥2,231,603,956.39 to ¥2,544,453,865.11, an increase of approximately 14%[15] - The company's total liabilities reached CNY 2,668,422,492.02, up from CNY 2,348,609,958.52 year-over-year[19] - Total assets increased from ¥5,000,387,466.07 at the end of 2020 to ¥5,437,414,767.34, reflecting a growth of about 8.7%[15] Investments and Shareholder Information - The company’s investment income increased by 30.99% year-over-year, reaching ¥18,091,598.36, due to higher dividend distributions from other equity investments[8] - The largest shareholder, Suzhou Chuangyuan Investment Development (Group) Co., Ltd., holds 35.77% of shares, totaling 143,125,054 shares[12] - Total number of common shareholders at the end of the reporting period is 29,546[12] Expenses and Costs - Total operating costs amounted to CNY 2,538,849,090.21, up 18.1% from CNY 2,148,988,228.33 year-over-year[19] - Sales expenses decreased by 46.94% to ¥55,968,077.24, primarily due to a change in accounting standards that reclassified transportation costs into operating costs[8] - Research and development expenses for the quarter were CNY 139,535,963.96, up from CNY 112,105,417.82 year-over-year, indicating a focus on innovation[19] Other Financial Metrics - The company reported a total of 1,134,372,646.51 in inventory as of September 30, 2021, compared to 956,880,812.92 at the end of 2020[14] - Accounts receivable increased from ¥566,779,915.11 at the end of 2020 to ¥702,367,582.29, representing an increase of about 23.9%[14] - Inventory rose from ¥956,880,812.92 to ¥1,134,372,646.51, marking an increase of approximately 18.6%[14] - Long-term equity investments increased from ¥50,590,838.94 to ¥54,062,377.30, a growth of about 6.9%[15] Tax and Compliance - The company reported a total tax payment of 126,665,468.80, compared to 97,555,890.68 in the same period last year[23] - Deferred income tax liabilities increased to CNY 57,296,839.17 from CNY 52,819,159.57 year-over-year, reflecting changes in tax obligations[19] - The company did not undergo an audit for the third quarter report[24] - The company has not applied the new leasing standards for the current year[24] Other Observations - The company has not disclosed any new product developments or market expansion strategies in the provided documents[12][13][14][15]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,841,647,729.21, representing a 22.18% increase compared to CNY 1,507,379,850.68 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 73,198,319.14, up 16.35% from CNY 62,910,249.18 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 63,282,710.14, an increase of 13.42% from CNY 55,796,441.50 in the same period last year[22]. - The basic earnings per share for the reporting period was CNY 0.18, a 12.50% increase compared to CNY 0.16 in the same period last year[22]. - The company reported a total comprehensive income of RMB 158,384,558.44, compared to RMB 86,340,173.14 in the same period last year, reflecting a significant increase[175]. - The profit attributable to shareholders of the parent company was RMB 73,198,319.14, an increase of 16.3% from RMB 62,910,249.18 in the same period of 2020[175]. - The company achieved a consolidated revenue of CNY 1.84 billion, representing a year-on-year growth of 22.18%[67]. - The net profit for the first half of 2021 was RMB 117,018,858.86, representing a growth of 15.0% compared to RMB 101,761,862.19 in the previous year[175]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 5,326,890,441.95, a 6.53% increase from CNY 5,000,387,466.07 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 1,999,450,445.34, reflecting a 4.34% increase from CNY 1,916,300,135.67 at the end of the previous year[22]. - The company's total liabilities reached RMB 2,576,361,202.91, compared to RMB 2,348,609,958.52, showing an increase of approximately 9.7%[172]. - The company's equity attributable to shareholders was RMB 1,999,450,445.34, up from RMB 1,916,300,135.67, reflecting a growth of about 4.5%[172]. - The company's cash and cash equivalents decreased by 4.34% to ¥826,644,741.23, while accounts receivable increased by 23.29% to ¥698,875,249.75[76]. - The company's inventory rose to ¥1,049,590,834.89, reflecting a slight increase of 9.68%[76]. Cash Flow - The net cash flow from operating activities was negative CNY 9,278,607.57, a significant decrease of 109.06% compared to CNY 102,397,582.15 in the previous year[22]. - The total cash inflow from operating activities for the first half of 2021 was approximately RMB 1.87 billion, an increase of 20.5% compared to RMB 1.55 billion in the same period of 2020[177]. - The cash inflow from sales of goods and services of approximately RMB 1.83 billion, up from RMB 1.51 billion in the first half of 2020, reflecting a growth of 20.8%[177]. - The total cash outflow for operating activities was RMB 1.88 billion, compared to RMB 1.45 billion in the same period of 2020, indicating an increase of 29.8%[177]. Research and Development - Research and development expenses increased by 25.77% to CNY 93.29 million, reflecting the company's commitment to innovation[69]. - Jiangsu Sujing applied multiple innovative products and technologies in key projects such as Chang'e and Shenzhou, with 11 projects reported in the first half of the year, including 9 provincial-level projects[51]. - The establishment of a particle wind tunnel laboratory by Shanghai Beifen significantly improves R&D speed and provides third-party testing services for dust measuring instruments[53]. Market and Industry Trends - The clean environmental equipment and engineering sector is expected to experience rapid growth, driven by government initiatives aimed at establishing a green, low-carbon economy by 2025[29]. - The automotive industry has seen a year-on-year increase in production and sales of 24.2% and 25.6%, respectively, indicating a robust recovery in mechanical demand[33]. - The overall mechanical industry is expected to maintain a steady growth trend, despite challenges such as rising raw material prices and international trade uncertainties[33]. Subsidiaries and Business Operations - The company operates nine wholly-owned and holding subsidiaries recognized as national high-tech enterprises, enhancing its innovation capabilities[28]. - Jiangsu Sujing, a subsidiary, is a leading supplier in air purification and energy-saving equipment, with products used in major national projects and exported to over 40 countries[34]. - Shanghai Beifen, another subsidiary, specializes in online monitoring systems for emissions, serving various industries including power, petrochemicals, and pharmaceuticals[35]. - The company has established stable business relationships with numerous well-known domestic and international enterprises, enhancing its supply chain stability[63]. Corporate Governance and Compliance - The company emphasizes strict adherence to safety and environmental regulations to avoid penalties and maintain reputation[94]. - The company is committed to protecting employee rights and fostering a harmonious labor relationship[113]. - The company has not reported any changes in accounting policies or prior period error corrections during the first half of 2021, ensuring consistency in financial reporting[181]. Investment and Expansion - The company plans to continue expanding its investment in environmental monitoring technologies through its acquisition of Shanghai Beifen[91]. - The company plans to not distribute cash dividends or issue bonus shares for the half-year period[106]. - The company believes it has sufficient operating funds to continue as a going concern for at least 12 months from the approval date of the financial statements[189].

Financial Performance - The company's revenue for Q1 2021 was ¥921,690,124.88, representing a 46.43% increase compared to ¥629,437,036.39 in the same period last year[9] - Net profit attributable to shareholders was ¥33,648,989.26, a significant increase of 135.60% from ¥14,282,548.42 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥29,569,528.28, up 151.24% from ¥11,769,247.40 in the previous year[9] - Basic and diluted earnings per share both increased to ¥0.08, doubling from ¥0.04 in the previous year[9] - Net profit for Q1 2021 was ¥55,520,574.13, representing a 96.2% increase from ¥28,283,594.28 in Q1 2020[43] - The company reported a gross profit margin of approximately 6.8% for Q1 2021, compared to 5.5% in Q1 2020[43] Cash Flow - The net cash flow from operating activities was ¥8,759,546.90, a turnaround from a negative cash flow of ¥20,700,565.40 in the same period last year, marking a 142.32% improvement[9] - Cash flow from operating activities generated a net inflow of ¥8,759,546.90, a turnaround from a net outflow of ¥20,700,565.40 in the previous year[49] - The company reported a net cash outflow from investment activities of -¥74,762,356.66 in Q1 2021, an increase in outflow of 57.99% compared to -¥47,321,719.58 in Q1 2020[18] - Financing activities generated a net cash inflow of ¥42,035,509.48, recovering from a net outflow of ¥46,114,208.78 in the prior year[50] - The net cash flow from financing activities was 7,870,195.92, compared to a negative cash flow of -2,379,974.98 in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,259,657,281.54, reflecting a 5.18% increase from ¥5,000,387,466.07 at the end of the previous year[9] - Total liabilities rose to CNY 2,506,428,142.94 from CNY 2,348,609,958.52, marking an increase of approximately 6.7%[36] - The company's total equity increased to CNY 2,753,229,138.60 from CNY 2,651,777,507.55, reflecting a growth of about 3.8%[36] - The company's cash and cash equivalents decreased to CNY 936,044,963.64 from CNY 993,160,923.98, representing a decline of about 5.8%[34] - Accounts receivable increased to CNY 616,180,731.42 from CNY 566,779,915.11, indicating a rise of approximately 8.7%[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,373[12] - The largest shareholder, Suzhou Chuangyuan Investment Development (Group) Co., Ltd., holds 35.77% of the shares, totaling 143,125,054 shares[13] Research and Development - R&D expenses increased by 30.75% to ¥44,291,201.42 in Q1 2021, up from ¥33,874,231.94 in Q1 2020, due to increased investment in new product development[18] - The company reported an increase in research and development expenses to ¥44,291,201.42 in Q1 2021, up from ¥33,874,231.94 in Q1 2020[43] Acquisitions and Investments - The company completed the acquisition of 55% of Shanghai Beifen's shares for ¥82.39 million, enhancing its market position[19] - The company recognized goodwill of ¥46,676,492.58 following the acquisition of Shanghai Beifen, marking a 100% increase in this asset category[17] - The company reported a significant increase in investment income to ¥5,608,595.50 from ¥2,029,942.36, indicating improved performance in this area[46] Financial Management - Financial expenses surged by 198.91% to ¥5,677,590.03 in Q1 2021, primarily due to increased foreign exchange losses[18] - The company reported no overdue commitments from major stakeholders during the reporting period[22] - There were no derivative investments during the reporting period, indicating a conservative investment strategy[25] - The company has no violations regarding external guarantees during the reporting period[28] Other Information - The company received government subsidies amounting to ¥6,015,215.48 during the reporting period[10] - The chairman of the company is Liu Chunqi, who presented the first quarter report[55] - The company's first quarter report for 2021 was not audited[54] - The company did not apply the new leasing standards for the first quarter of 2021[54]

Financial Performance - The company reported a profit distribution plan to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 400,080,405 shares[4]. - The company's operating revenue for 2020 was approximately ¥3.21 billion, a decrease of 0.74% compared to 2019[16]. - The net profit attributable to shareholders for 2020 was approximately ¥116.67 million, an increase of 3.34% from 2019[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥95.40 million, a decrease of 3.21% compared to 2019[16]. - The net cash flow from operating activities for 2020 was approximately ¥206.10 million, down 27.07% from 2019[16]. - The total assets at the end of 2020 were approximately ¥5.00 billion, an increase of 7.80% from the end of 2019[16]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.92 billion, up 6.93% from the end of 2019[16]. - The company reported a basic earnings per share of ¥0.29 for 2020, an increase of 3.57% from 2019[16]. - In 2020, the company achieved operating revenue of 3.213 billion yuan, a year-on-year decrease of 0.74%, while total profit reached 226 million yuan, an increase of 4.99%[70]. - The net profit attributable to the parent company was 116.67 million yuan, up 3.34% year-on-year, with a return on net assets of 6.31%[70]. - The total assets at the end of the reporting period were 5 billion yuan, a year-on-year increase of 7.80%[70]. - The company reported a retained earnings balance of 323.82 million yuan at the end of 2020, after accounting for the cash dividend distribution[166]. Business Transformation and Focus - The company has undergone significant business transformation since its listing in 1994, shifting its main business focus to advanced manufacturing in clean environmental protection and high-voltage porcelain insulators[15]. - The company operates in the advanced manufacturing sector, specifically in environmental equipment manufacturing and precision machinery[15]. - The company has maintained its core business in clean environmental engineering and high-voltage porcelain insulators without significant changes[25]. - The company is positioned in the clean environmental equipment and engineering industry, aligning with national policies promoting green development and sustainable practices[36]. - The company is focusing on the clean environmental equipment and engineering industry, driven by national policies promoting green development and ecological protection[135]. Shareholder and Governance - The company’s major shareholder has changed multiple times, with the current controlling shareholder being Chuangyuan Investment since 2008[15]. - The company has a total of 11 directors, all of whom participated in the board meeting to review the annual report[4]. - The board of directors confirmed that all financial reports in the annual report are true, accurate, and complete, with no significant omissions[4]. - The company has engaged with investors through 129 interactions on the Shenzhen Stock Exchange's investor platform during the reporting period[158]. - The actual controller, shareholders, and related parties have fulfilled their commitments during the reporting period, including a shareholding increase commitment by Chuangyuan Investment, which involved a minimum increase of 10 million yuan and a maximum of 50 million yuan[168]. - Chuangyuan Investment has cumulatively increased its shareholding by 5,782,053 shares, accounting for 1.45% of the total share capital, with a total investment of approximately 30.54 million yuan[169]. Research and Development - The company has a dedicated financial company and several subsidiaries involved in various sectors, including environmental engineering and precision manufacturing[15]. - The company is focused on developing new products and technologies, particularly in the fields of environmental protection and energy efficiency[27]. - The company plans to deepen the integration of production, education, and research, enhancing its technological innovation capabilities and competitive advantages[45]. - The company’s R&D investment for the reporting period was 161 million yuan, an increase of 8.58% year-on-year, with a total of 480 valid patents held[77]. - Jiangsu Sujing applied for and was granted 57 patents in 2020, including 5 invention patents, marking a breakthrough in international PCT patents[51]. - The company has established a stable and innovative R&D team, increasing investment in industry-university-research collaboration to enhance talent cultivation[55]. Market Presence and Strategy - The company has a strong presence in the air purification and energy-saving equipment sector, serving key national projects and exporting to over 40 countries[25]. - The company aims to expand its market reach by leveraging its technological advancements and strong customer relationships in both domestic and international markets[30]. - The company aims to achieve a revenue target of 215 billion yuan and a production volume of 22.6 billion units in the bearing industry by 2025, with year-on-year growth rates of 15.5% and 13% respectively[145]. - The company plans to invest 300 billion yuan in the construction of ultra-high voltage projects during the 14th Five-Year Plan period, with the total length of lines expected to increase from 28,352 kilometers in 2019 to 40,825 kilometers[142]. - The company will focus on capital operations to enhance market share and scale by acquiring high-quality enterprises related to its main business[147]. - The company plans to enhance its market presence and product offerings through strategic initiatives and technological advancements[88]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the annual report[4]. - The company has implemented a comprehensive internal control system and annual self-evaluation to enhance risk management and operational efficiency[58]. - The company has engaged in a related transaction with Chuangyuan New Materials, purchasing ceramic microcrystalline abrasives for a total amount of 4.2711 million RMB, which is not exceeding the approved limit of 8 million RMB[183]. - The company has implemented measures to address potential risks from macroeconomic policies, exchange rates, and raw material costs[154]. Environmental and Social Responsibility - The company aims to achieve a 25% reuse rate of reclaimed water in major cities by 2025, in line with national environmental goals[37]. - The company is committed to supporting the national goal of carbon neutrality and has aligned its business strategies with environmental regulations[36]. - The company recognizes the importance of carbon neutrality and aims to align its strategies with national goals for ecological and environmental improvement[140]. - The company anticipates increased market demand for environmental monitoring and air quality management equipment due to new regulations on VOCs[136]. - The company is preparing for enhanced wastewater treatment capabilities, with national goals for water resource utilization set for 2025[138]. Subsidiaries and Investments - The company has a strong presence in the high-voltage porcelain insulator market through its subsidiaries, Suzhou Electric Porcelain and Gaoke Electric Porcelain, focusing on the production of insulators for ultra-high voltage transmission lines and urban rail transit[29]. - The company’s subsidiary, Jiangsu Sujing, is recognized as a national key high-tech enterprise and a leading supplier in air purification and energy-saving solutions[37]. - The total assets of Jiangsu Sujing, a subsidiary, amounted to 1,903,536,781.69 CNY, with a net profit of 89,591,247.71 CNY[124]. - Suzhou Electric Porcelain, another subsidiary, reported total assets of 1,057,137,811.30 CNY and a net profit of 61,070,281.17 CNY[124]. - The company completed the acquisition of 55% of Shanghai Beifen, enhancing its capabilities in energy-saving and environmental protection[82]. Production and Operations - The company employs a sales-driven production model, with procurement of raw materials based on production plans, and utilizes direct sales and bidding strategies to secure domestic and international orders[30]. - The precision bearing segment, represented by its subsidiary Suzhou Bearings, specializes in needle bearings and rolling elements, contributing to the company's diverse product offerings[31]. - The company emphasizes quality control and has established a comprehensive inspection system to ensure product standards in its porcelain insulator manufacturing[29]. - The environmental engineering segment includes advanced wastewater treatment and air pollution control technologies, addressing the needs of industries such as chemicals, electronics, and food processing[27]. - The company’s products are widely recognized for their quality and reliability, establishing a strong brand presence in the industry[30]. Financial Transactions and Investments - The company invested 30,000,000.00 CNY in a financial services company, representing a 10% stake[115]. - The financial company received approval from the China Banking and Insurance Regulatory Commission for capital increase and adjustment of equity structure on July 12, 2020[116]. - The financial company increased its registered capital from 300 million RMB to 600 million RMB, with the company contributing 30 million RMB, maintaining a 10% ownership stake[194]. - The financial services agreement with the financial company allows for a maximum annual loan amount of 1.1 billion RMB and a maximum annual interest of 50 million RMB[188]. - The company’s financial transactions with the financial company are deemed to have manageable risks, with no significant deficiencies in risk control identified[191]. Challenges and Market Conditions - Approximately 17% of the company's revenue comes from export markets, which face significant uncertainty due to the ongoing COVID-19 pandemic[153]. - The company has established long-term partnerships with key suppliers to mitigate risks associated with raw material price fluctuations[155]. - The company will closely monitor national infrastructure policies to adjust its product structure and enhance market competitiveness[152].

Financial Performance - Operating revenue for the reporting period was ¥784,738,707.29, a decrease of 3.14% compared to the same period last year[9] - Net profit attributable to shareholders of the listed company was ¥25,448,535.97, down 7.33% year-on-year[9] - The basic earnings per share for the reporting period was ¥0.06, a decline of 14.29% compared to the previous year[9] - The weighted average return on net assets was 1.35%, a decrease of 0.27 percentage points from the previous year[9] - The total profit for the period was CNY 165,354,002.10, slightly down from CNY 168,599,653.80, indicating a decrease of about 1.5%[47] - The company reported a net profit of CNY 150,110,520.31, compared to CNY 149,107,032.39 in the same period last year, reflecting a marginal increase of 0.7%[47] - Operating revenue for the period was CNY 63,400,802.02, down from CNY 127,034,296.64, a decline of about 50%[50] - The company's operating profit was CNY 29,212,093.22, compared to CNY 27,924,635.57 in the previous period, indicating an increase of approximately 4.6%[51] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,937,750,524.90, an increase of 6.45% compared to the end of the previous year[9] - The company's total liabilities reached CNY 2,328,935,470.15, compared to CNY 2,243,624,536.43, marking a rise of approximately 3.81%[32] - Current liabilities totaled CNY 2,199,466,094.33, up from CNY 2,105,361,912.67, indicating an increase of about 4.46%[32] - Non-current liabilities decreased to CNY 129,469,375.82 from CNY 138,262,623.76, a reduction of about 6.43%[32] - The total current assets were CNY 82,502,587.10, with cash and cash equivalents at CNY 42,526,086.92[65] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥1,901,907,411.38, reflecting a growth of 6.13% year-on-year[9] - The total number of ordinary shareholders at the end of the reporting period was 33,432[11] - The largest shareholder, Suzhou Chuangyuan Investment Development (Group) Co., Ltd., held 35.77% of the shares, totaling 143,125,054 shares[11] - The total equity attributable to shareholders rose to CNY 1,901,907,411.38 from CNY 1,792,124,318.97, marking an increase of approximately 6.12%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥70,851,282.41, down 37.23% year-on-year[9] - Investment activities generated a net cash flow of -¥85,118,709.41, a decline of 79.87% due to the company's participation in a financial company's capital increase[17] - Cash flow from financing activities improved by 91.21% to -¥11,399,883.85, due to increased cash received from public offerings by subsidiaries[17] - The net cash flow from operating activities for Q3 2020 was ¥70,851,282.41, a decrease of 37.3% compared to ¥112,872,858.72 in Q3 2019[55] Expenses and Costs - Total operating costs decreased to ¥733,888,683.70, down 3.1% from ¥757,312,176.26[39] - Financial expenses rose by 90.69% to ¥17,038,879.00, primarily due to exchange rate fluctuations affecting foreign exchange gains and losses[16] - Research and development expenses increased to ¥37,935,340.66, up from ¥34,177,764.98 in the previous period[39] - Operating expenses were reduced by 5% compared to the previous quarter, reflecting improved efficiency[69] Future Outlook and Strategic Initiatives - The company provided a future outlook, projecting a revenue growth of 10% for the next quarter, driven by new product launches[69] - Market expansion plans include entering two new international markets by Q2 2021, aiming for a 25% increase in market share[69] - The company announced a strategic acquisition of a smaller tech firm for $10 million, expected to enhance product offerings[69] - A new product line is set to launch in Q1 2021, anticipated to contribute an additional $2 million in revenue[69] User and Market Data - User data showed a growth in active users by 20% compared to the previous quarter, reaching a total of 1.5 million active users[69] - The company reported a gross margin of 40%, maintaining stability despite market fluctuations[69]