1 证券代码：000559 证券简称：万向钱潮 万向钱潮股份公司投资者关系活动记录表 编号：20220725 | --- | --- | --- | --- | --- | |----------------|------------------------------|--------------------------------------------------------------|------------------|-------| | | | | | | | 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（电话会议） | | | | 活动参与人员 | 董事会秘书：许小建； | 财务部总经理：崔立国； | 市场部总经理：闻 | | | | 超； 技术中心经理：石伯妹 | | | | | | 中金公司：樊建岐 | 太平洋资产：张楠、吴晓丹、喻春琳、郭骁勇 | | | | 时间 | 2022 年 7 月 25 日 | | | | | 地点 | 公 ...

1 证券代码：000559 证券简称：万向钱潮 万向钱潮股份公司投资者关系活动记录表 编号：20220705 | --- | --- | --- | |----------------|-----------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------| | | | | | 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（电话会议） | | 活动参与人员 | 公司董事、总经理：李平一； | 董事会秘书：许小建； 财务部总经理： | | | 崔立国； 东亚前海证券:赵启政 宝盈基金:朱建明、李巍宇 中海基金：范宗武 尚近投资：赵俊 深圳前海九西投资：罗超超 | 市场部总经理：闻超； 技术中心经理：石伯妹 ...

1 证券代码：000559 证券简称：万向钱潮 万向钱潮股份公司投资者关系活动记录表 编号：20220601 | --- | --- | --- | |----------------|----------------------------------|--------------------------------------------------------------| | | | | | 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 | | | 参与单位名称及 | | 中金公司、南方基金、招商基金、永安国富资产、混沌天成资管、墨 | | 人员姓名 | 锋投资、华美投资、河清资本等 | 8 家机构调研人员。 | | 时间 | 2022 年 6 月 1 日 | | | 地点 | | 浙江省杭州市萧山区万向路1号万向钱潮股份公司 | | 上市公司接待 | 总经理 | 李平一先生 | | 人员姓名 | 董事会秘书 许小建先生 | | | | 财务部总经理 崔立国先 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,820,397,712.39, representing a 17.61% increase compared to ¥3,248,267,901.72 in the same period last year[2]. - Net profit attributable to shareholders was ¥260,109,387.31, a 58.15% increase from ¥164,472,257.78 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥244,575,098.32, showing a significant increase of 134.48% compared to ¥104,303,299.33 in the previous year[2]. - Basic and diluted earnings per share increased to ¥0.079, up 58.00% from ¥0.050 in the previous year[2]. - The company reported a total profit of CNY 297,672,810.55, compared to CNY 189,719,560.45 in the same period last year, marking a 56.8% increase[15]. - The total comprehensive income attributable to the parent company was CNY 222,296,484.56, compared to CNY 37,315,677.90 in the previous period, indicating significant growth[16]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥160,014,213.38, a turnaround from a negative cash flow of -¥161,255,499.78 in the same quarter last year, marking a 199.23% improvement[2]. - Total operating cash inflow reached CNY 4,767,453,508.45, up from CNY 3,945,692,261.95 in the previous period, showing a growth of approximately 20.9%[18]. - Cash and cash equivalents at the end of the period amounted to CNY 6,155,428,130.97, an increase from CNY 5,109,061,034.47 in the previous period[19]. - The company reported a net increase in cash and cash equivalents of CNY 303,871,121.81 during the period, compared to CNY 313,213,849.63 in the previous period[19]. - Cash outflow from financing activities totaled CNY 2,460,746,223.57, compared to CNY 918,858,727.87 in the previous period, indicating increased financing activities[19]. - The company received CNY 1,440,000,000.00 in cash from borrowings, slightly down from CNY 1,463,000,000.00 in the previous period[18]. - Investment activities generated a net cash inflow of CNY 54,870,576.45, recovering from a net outflow of CNY -67,552,327.78 in the previous period[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥16,855,327,022.32, a slight increase of 0.21% from ¥16,820,794,380.68 at the end of the previous year[2]. - The company's total liabilities decreased to CNY 7,844,505,474.99 from CNY 8,036,397,677.46, a reduction of 2.4%[13]. - Non-current liabilities increased to CNY 2,314,589,854.17, up 25.0% from CNY 1,851,345,817.37 year-on-year[13]. - Total current assets reached ¥12.32 billion, compared to ¥12.11 billion at the beginning of the year[11]. - Non-current assets totaled approximately ¥4.53 billion, down from ¥4.71 billion at the beginning of the year[11]. - Short-term borrowings were reported at ¥1.12 billion, down from ¥1.47 billion at the beginning of the year[11]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 93,959[8]. - Wanxiang Group Company holds 63.97% of the shares, totaling 2,113,434,626 shares[8]. - The company has a significant shareholder structure with Wanxiang Group as the controlling shareholder, indicating potential influence on strategic decisions[9]. Research and Development - Research and development expenses for the quarter were CNY 115,857,974.75, slightly up from CNY 112,898,022.79 in the previous year[14]. Tax Management - The company reported a tax refund of CNY 10,067,084.43, an increase from CNY 6,694,681.07 in the previous period, reflecting improved tax management[17]. Investment Income - The company reported a significant increase in investment income, which reached ¥86,132,067.68, a 700.96% rise compared to ¥10,753,581.06 in the previous year[6]. Current Liabilities - The company experienced a 55.13% decrease in other current liabilities, which amounted to ¥12,462,784.25, down from ¥27,774,090.88[6]. Operating Costs - Total operating costs amounted to CNY 3,599,771,976.56, up 16.0% from CNY 3,104,368,013.15 year-on-year[14].

证券代码：000559 证券简称：万向钱潮 万向钱潮股份有限公司 万向钱潮 2021 年度业绩说明会 投资者活动记录表 编号：20220422 | --- | --- | --- | --- | |-----------------------------|--------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|----------------| | | | □特定对象调研 □分析师会议 | | | | | □媒体采访 √业绩说明会 | | | 投资者关系活动 | | □新闻发布会 □路演活动 | | | 类别 | | □现场参观 □电话会议 | | | | □其他： | （请文字说明其他活动内容） | | | 参与单位名称 及人员姓名 | 万向钱潮 2021 | 年度业绩说明会采用网络远 ...

Financial Performance - The company's operating revenue for 2021 was ¥14,322,135,324.57, representing a 31.62% increase compared to ¥10,881,679,917.66 in 2020[11] - The net profit attributable to shareholders for 2021 was ¥686,493,962.08, a 57.41% increase from ¥436,121,696.92 in 2020[11] - The net profit after deducting non-recurring gains and losses was ¥545,308,235.84, up 57.28% from ¥346,705,851.86 in 2020[11] - The basic earnings per share for 2021 was ¥0.21, a 40.00% increase from ¥0.15 in 2020[11] - The company reported a quarterly revenue of ¥3,807,807,371.09 in Q4 2021, with a net profit of ¥171,985,563.16 attributable to shareholders[14] - The company achieved a revenue of CNY 14,322,135,324.57 in 2021, representing a year-on-year growth of 31.62%[19] - The net profit attributable to shareholders reached CNY 686,494,000, reflecting a year-on-year increase of 57.41%[21] - The company achieved a revenue of 14.322 billion CNY, representing a year-on-year growth of 31.62%, and a net profit attributable to shareholders of 686 million CNY, up 57.41% year-on-year[26] Assets and Liabilities - The total assets at the end of 2021 were ¥16,820,794,380.68, an 8.59% increase from ¥15,490,078,642.11 at the end of 2020[12] - The total liabilities reached CNY 8.04 billion, compared to CNY 6.65 billion, indicating a growth of about 20.93%[181] - The company's total equity decreased to ¥7,694,273,975.29 in 2021 from ¥8,018,188,274.13 in 2020, a decline of 4.0%[187] - The total owner's equity amounted to CNY 8.78 billion, slightly down from CNY 8.85 billion, a decrease of about 0.75%[181] Cash Flow - The net cash flow from operating activities for 2021 was ¥947,052,573.11, a decrease of 23.67% compared to ¥1,240,722,110.93 in 2020[11] - Operating cash inflow totaled ¥13,030,141,918.42, a 24.25% increase year-over-year[43] - Cash flow from operating activities generated a net amount of ¥947,052,573.11 in 2021, down 23.7% from ¥1,240,722,110.93 in 2020[199] - Cash and cash equivalents at the end of 2021 amounted to ¥5,851,557,009.16, up from ¥4,795,847,184.84 at the end of 2020, representing a growth of 22.0%[200] Research and Development - The company emphasizes R&D investment, having conducted over 100 technology innovation projects during the reporting period[27] - Research and development expenses increased to ¥510,209,040.25, up 14.02% from ¥447,459,768.40 in 2020[188] - The number of R&D personnel rose to 699, representing 8.78% of the total workforce, up from 8.45% in the previous year[42] - The company is developing several new products, including a long-life maintenance-free universal joint, aiming for a 50% increase in lifespan[41] Market and Sales - The automotive market in China saw a total vehicle sales volume of 26,274,800 units in 2021, a year-on-year growth of 3.81%[19] - The sales of new energy vehicles reached 3,545,000 units, with a market penetration rate of 13.4%, up 8% year-on-year[19] - Domestic sales contributed ¥12,002,174,358.21, which is 83.80% of total revenue, with a year-on-year growth of 31.48%[32] - The company plans to expand its market presence by enhancing its core technology capabilities and product innovation[21] Environmental Compliance - The company adhered to pollution discharge standards, with a total COD discharge of 1.8 tons per year, well below the permitted 3 tons per year[99] - The ammonia nitrogen discharge was recorded at 0.38 tons per year, under the limit of 0.5 tons per year[99] - The company has established a dedicated air pollution control facility, ensuring compliance with emission standards[105] - The company has implemented a pollution source online monitoring system, which has passed environmental department inspections[104] Governance and Management - The company maintains a strong governance structure, ensuring compliance with regulatory standards and enhancing shareholder value[60] - The company has a diverse board of directors with backgrounds in law, finance, and engineering, enhancing its governance structure[67] - The total remuneration paid to directors, supervisors, and senior management during the reporting period was CNY 10.3772 million[76] - The company has established a comprehensive internal control management system in accordance with regulatory requirements[91] Strategic Initiatives - The company plans to focus on high-end markets and global technology integration, emphasizing smart innovation and quality improvement[56] - The company is implementing new strategies to optimize operational efficiency, aiming for a 5% reduction in costs by the end of the next fiscal year[59] - The company is focused on expanding its market presence and enhancing its product development capabilities through experienced leadership[72] - The company plans to enhance its market presence by developing lightweight and high-efficiency products to meet the low-carbon development trend[41] Related Party Transactions - The actual related party transaction amount for sales to Wanxiang Import and Export Co., Ltd. in 2021 was 22.6985 million yuan, exceeding the estimated 22 million yuan by 2.6985 million yuan, representing a 12.3% increase[126] - The independent directors confirmed that the financial transactions and guarantees do not harm the interests of the company or minority shareholders[137] - The company provided guarantees for subsidiaries to apply for a total of 6 billion CNY in comprehensive credit and financial services from Wanxiang Finance, enhancing operational capacity and profitability[137] Employee Development - The company employed a total of 7,961 staff at the end of the reporting period, with 6,289 in production roles and 671 in technical positions[83] - In 2021, the company conducted a total of 620 training sessions, achieving a 100% employee training coverage rate, with an average of 24.11 training hours per employee[86] - Employee development initiatives are being enhanced, with a focus on improving talent retention and performance evaluation systems[59]

Financial Performance - The company's operating revenue for 2021 was CNY 14,322,135,324.57, representing a 31.62% increase compared to CNY 10,881,679,917.66 in 2020[11]. - The net profit attributable to shareholders in 2021 was CNY 686,493,962.08, a 57.41% increase from CNY 436,121,696.92 in 2020[11]. - The net profit after deducting non-recurring gains and losses was CNY 545,308,235.84, up 57.28% from CNY 346,705,851.86 in the previous year[11]. - The basic earnings per share for 2021 was CNY 0.21, a 40.00% increase from CNY 0.15 in 2020[11]. - The total assets at the end of 2021 were CNY 16,820,794,380.68, an 8.59% increase from CNY 15,490,078,642.11 at the end of 2020[11]. - The net cash flow from operating activities was CNY 947,052,573.11, a decrease of 23.67% compared to CNY 1,240,722,110.93 in 2020[11]. - The quarterly operating revenue for Q4 2021 was CNY 3,807,807,371.09, with a net profit of CNY 171,985,563.16 attributable to shareholders[14]. - The company achieved a total revenue of CNY 14.32 billion in 2021, representing a year-on-year growth of 31.62%, while net profit attributable to shareholders increased by 57.41% to CNY 686 million[23]. Market Expansion and Sales - The production volume of bearings increased by 30.72% year-on-year, driven by export orders and increased inventory for the pickup market[19]. - The sales volume of cross-axis universal joints totaled 4,709.51 units, reflecting a year-on-year increase of 20.56%[19]. - The company expanded its market presence, with domestic sales increasing by 20.48% and overseas sales skyrocketing by 627.33%[19]. - The production of transmission shafts surged by 48.94% year-on-year, indicating strong demand in the market[19]. - The automotive parts segment generated CNY 8.77 billion, accounting for 61.21% of total revenue, while the materials trading segment contributed CNY 4.68 billion, a significant increase of 84.71% year-on-year[24]. - Domestic sales accounted for 83.80% of total revenue, amounting to CNY 12.00 billion, while international sales reached CNY 1.44 billion, representing a year-on-year growth of 27.25%[25]. Research and Development - R&D expenses increased by 14.02% to ¥510,209,040.25, reflecting a commitment to innovation[36]. - The company developed several key R&D projects, including a long-life maintenance-free universal joint, which aims to enhance product durability and market competitiveness[37]. - The company holds 2,562 domestic patents, including 196 invention patents, and has established 60 national and industry standards for its products[21]. - The number of R&D personnel increased by 0.29% to 699, with R&D personnel accounting for 8.78% of the total workforce[37]. Financial Management and Governance - The company maintained an independent governance structure, ensuring no significant discrepancies with regulatory requirements[50]. - The company has a complete separation from its controlling shareholders in terms of assets, personnel, finance, and business operations[51]. - The company has established an independent financial department and management system, ensuring compliance with tax regulations[51]. - The company reported a total of 16,240 shares held by departing senior management, with an additional 146,200 shares transferred during the reporting period[54]. - The company has a robust internal control system that has been refined during the reporting period[50]. - The company has not engaged in any related party transactions that could compromise its independence[51]. Environmental Compliance - The total emissions of COD were 1.8 tons per year, which is below the approved limit of 3 tons per year[86]. - The total emissions of ammonia nitrogen were 0.38 tons per year, under the approved limit of 0.5 tons per year[86]. - The company has completed all required rectifications for the special governance actions on corporate governance[85]. - The company maintains compliance with the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) for wastewater treatment[86]. - The company has a wastewater treatment station with a designed capacity of 352 tons per day, currently processing 250 tons per day, ensuring compliance with discharge standards[89]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 96,748, a decrease from 98,750 at the end of the previous month[141]. - The company issued no new shares or other securities during the reporting period[141]. - The controlling shareholder, Wanxiang Group, holds 63.97% of the shares, amounting to 2,113,434,626 shares[142]. - The top ten shareholders include Wanxiang Group, China Automotive Industry Investment Development Co., Ltd., and Hong Kong Central Clearing Limited, with respective holdings of 63.97%, 1.68%, and 1.63%[142]. Future Outlook - The company plans to focus on high-end markets and global technology integration, aiming for innovation in electric, intelligent, and lightweight product technologies[46]. - The company has set ambitious performance guidance for the upcoming fiscal year, aiming for a revenue growth of over 15%[63]. - Future outlook includes expansion into new markets and potential mergers and acquisitions to enhance competitive positioning[63].

万向钱潮股份有限公司 2021 年第三季度报告 1 证券代码：000559 证券简称：万向钱潮 公告编号：2021-039 万向钱潮股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.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)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|-------------------------|--------------------------|------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥7,174,804,758.84, representing a 61.17% increase compared to ¥4,451,584,679.75 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was ¥338,653,914.42, up 72.50% from ¥196,316,306.63 in the previous year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥304,993,372.63, reflecting a 95.94% increase from ¥155,656,525.02 year-on-year[10]. - The basic and diluted earnings per share were both ¥0.103, a 45.07% increase from ¥0.071 in the same period last year[10]. - The total comprehensive income attributable to shareholders of the parent company was CNY 292,632,498.91, compared to CNY 197,065,107.30 in the same period last year, an increase of 48.4%[101]. - The total profit for the first half of 2021 was CNY 384,075,499.22, compared to CNY 216,738,708.49 in the same period last year, reflecting a growth of 77.1%[100]. Assets and Liabilities - The total assets at the end of the reporting period were ¥16,384,049,405.57, a 5.77% increase from ¥15,490,078,642.11 at the end of the previous year[10]. - The total liabilities rose to CNY 7,242,735,309.36, compared to CNY 6,645,037,617.43 at the end of 2020, marking an increase of about 8.99%[92]. - The total current assets increased to CNY 11,546,740,639.34 from CNY 10,459,857,216.43, reflecting a growth of approximately 10.39%[90]. - The company's total liabilities at the end of the period were reported at ¥2,221,297,889.24, indicating a stable financial position[117]. Cash Flow - The net cash flow from operating activities was ¥68,888,924.30, down 86.95% from ¥527,766,864.39 in the same period last year[10]. - The cash flow from operating activities was CNY 8,212,126,426.23, significantly higher than CNY 5,250,977,818.37 in the first half of 2020, showing improved cash generation[105]. - The net cash flow from investment activities was -116,206,712.16, an improvement from -156,919,676.06 in the previous period[108]. - Cash inflow from financing activities reached 3,403,000,000.00, significantly higher than 1,053,000,000.00 in the prior period[108]. Research and Development - Research and development expenses increased by 11.96% to CNY 236,565,945.73, indicating a continued focus on innovation[19]. - Research and development expenses for the first half of 2021 were ¥236,565,945.73, compared to ¥211,291,822.66 in the same period of 2020, indicating a 11.9% increase in investment in innovation[99]. Environmental Compliance - The company reported a total COD discharge of 1.8 tons per year, which is below the permitted limit of 3 tons per year[35]. - The company has established an online automatic monitoring system for pollution sources at its wastewater discharge outlets, which has passed environmental department acceptance[38]. - The company has no instances of exceeding discharge standards for pollutants during the reporting period[35]. - The company’s wastewater treatment facilities are operating normally and meet discharge standards as verified by third-party testing[38]. Shareholder Information - The total number of shares was 3,303,791,344, with 16.67% being restricted shares[75]. - The total number of ordinary shareholders at the end of the reporting period was 98,913, with a significant shareholder, Wanxiang Group Company, holding 63.76% of the shares, amounting to 2,106,401,277 shares[77]. - Wanxiang Group Company, as the controlling shareholder, holds 1,555,769,387 unrestricted ordinary shares, representing a substantial portion of the company's equity[80]. Strategic Initiatives - The company plans to focus on expanding its market presence and developing new products and technologies in the upcoming quarters[118]. - The company aims to enhance its operational efficiency through strategic mergers and acquisitions in the near future[118]. - The company is committed to improving its financial performance and shareholder value through various strategic initiatives[118]. Risk Management - The company faces risks related to industry fluctuations, raw material price volatility, technological advancements, and market competition, and plans to enhance R&D investment to mitigate these risks[29]. Corporate Governance - The company did not engage in any major litigation or arbitration matters during the reporting period[48]. - There are no reported violations regarding external guarantees during the reporting period[47]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[131].

Financial Performance - The company's operating revenue for Q1 2021 was ¥3,248,267,901.72, representing a 75.87% increase compared to ¥1,846,926,834.55 in the same period last year[2] - Net profit attributable to shareholders was ¥164,472,257.78, up 78.98% from ¥91,892,599.26 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥104,303,299.33, reflecting a 35.82% increase from ¥76,793,422.69 in the previous year[2] - The basic earnings per share increased by 51.52% to ¥0.050 from ¥0.033 in the same period last year[2] - Operating revenue grew by 75.87% to CNY 3,248,267,901.72, benefiting from high industry prosperity and increased product sales[10] - Operating profit for the quarter was CNY 189,850,260.71, compared to CNY 103,953,799.66 in the previous year, indicating an increase of about 82.3%[29] - Net profit attributable to shareholders of the parent company was CNY 164,472,257.78, up from CNY 91,892,599.26, reflecting a growth of approximately 78.9%[29] - The total comprehensive income attributable to shareholders of the parent company was CNY 37,315,677.90, compared to CNY 91,868,690.91 in the previous year, indicating a decrease of about 59.5%[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,968,449,538.76, a 3.09% increase from ¥15,490,078,642.11 at the end of the previous year[2] - The total liabilities increased to CNY 3,377,043,149.98 from CNY 2,753,977,541.66, marking an increase of about 22.6%[25] - The company's total liabilities increased to ¥7,081,837,835.68 from ¥6,645,037,617.43, reflecting an increase of approximately 6.6%[20] - Long-term borrowings rose significantly to ¥652,758,284.19 from ¥1,946,619.87, showing a substantial increase[20] - Current liabilities totaled ¥5,521,132,040.62, down from ¥5,739,838,540.36, indicating a reduction of approximately 3.8%[20] - The total equity attributable to shareholders increased to ¥8,642,930,822.06 from ¥8,605,615,144.16, reflecting a slight growth of about 0.4%[21] Cash Flow - The net cash flow from operating activities was negative at -¥161,255,499.78, a decrease of 214.07% compared to ¥141,365,712.48 in the same period last year[2] - Cash inflow from operating activities totaled CNY 3,945,692,261.95, an increase from CNY 2,757,437,351.02 year-over-year[35] - Cash outflow from operating activities was CNY 4,106,947,761.73, compared to CNY 2,616,071,638.54 in the previous year, indicating a significant increase[35] - The net cash flow from financing activities was CNY 544,141,272.13, an increase from CNY 326,693,658.50 year-over-year[36] - Cash inflow from financing activities amounted to ¥1,300,000,000.00, doubling from ¥650,000,000.00 in the prior period, showcasing strong capital raising efforts[40] - The ending balance of cash and cash equivalents was ¥3,861,649,981.46, a significant increase from ¥693,899,127.02 at the end of the previous period[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 95,412[5] - The largest shareholder, Wanxiang Group, held 63.76% of the shares, amounting to 2,106,401,277 shares[5] Other Financial Metrics - The weighted average return on equity was 1.89%, slightly up from 1.75% year-on-year[2] - Research and development expenses for the quarter were CNY 112,898,022.79, compared to CNY 101,776,536.92 in the previous year, showing an increase of about 10.5%[28] - The company reported a financial expense of CNY -1,606,503.55, a significant improvement from CNY 15,437,795.95 in the previous year, reflecting a decrease of approximately 110.4%[31] - The company reported no significant non-recurring gains or losses that would be classified as regular income[4] Investment Activities - The net cash flow from investment activities was negative at ¥13,802,578.86, a decline from a positive ¥302,207,019.90 in the previous period, indicating increased investment expenditures[39] Audit and Reporting - The first quarter report was not audited, which may affect the reliability of the financial data presented[42]