Financial Performance - The company's revenue for Q3 2022 was ¥262,932,023.55, a decrease of 20.98% compared to the same period last year[5] - Net profit attributable to shareholders was ¥26,268,604.32, down 20.97% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥17,905,370.72, a decline of 41.30% compared to the previous year[5] - Total operating revenue for the period was CNY 819,139,555.64, a decrease of 24.2% compared to CNY 1,080,097,889.38 in the previous period[24] - Net profit for the period was CNY 42,192,108.75, representing a decline of 18.2% from CNY 51,588,636.24 in the same period last year[25] - The company reported a comprehensive income total of CNY 31,670,986.24, down 54.5% from CNY 69,721,428.00 in the previous period[26] - Basic and diluted earnings per share were both CNY 0.11, compared to CNY 0.13 in the prior period[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,103,712,145.79, an increase of 5.89% from the end of the previous year[5] - The company's total assets as of September 30, 2022, amounted to CNY 3,103,712,145.79, an increase from CNY 2,930,998,566.17 at the beginning of the year[22] - Current assets totaled CNY 2,095,320,723.20, up from CNY 1,883,650,605.46 at the beginning of the year, reflecting a growth of approximately 11.23%[22] - The company's total liabilities increased to CNY 1,439,447,814.14, up from CNY 1,266,468,754.67 in the previous period[25] - The total equity attributable to shareholders was CNY 1,664,264,331.65, slightly down from CNY 1,664,529,811.50 in the previous period[25] Cash Flow - Cash flow from operating activities showed a net outflow of ¥276,144,727.35, a significant decrease of 178.18%[5] - The net cash flow from operating activities was -276,144,727.35 CNY, compared to -99,268,940.79 CNY in the previous year, indicating a significant decline[29] - Total cash inflow from investment activities was 101,711,022.23 CNY, a substantial increase from 10,757,959.10 CNY year-over-year[29] - The net cash flow from financing activities was 30,826,983.37 CNY, down from 71,302,285.43 CNY in the same quarter last year[29] - The total cash inflow from operating activities was 801,276,122.83 CNY, compared to 826,713,856.88 CNY in the previous year[29] - The cash outflow for operating activities totaled 1,077,420,850.18 CNY, up from 925,982,797.67 CNY year-over-year[29] Shareholder Information - The total number of common shareholders at the end of the reporting period was 65,853[15] - The largest shareholder, China Nuclear Suzhou Valve Co., Ltd., holds 17.83% of shares, totaling 68,715,360 shares[15] - The company completed the repurchase and cancellation of restricted stock, reducing total share capital from 386,597,593 shares to 385,494,593 shares[17] Expenses and Investments - The company reported a 44.36% reduction in selling expenses, totaling ¥36,510,219.83, primarily due to a significant decrease in modern service fees[12] - Investment income increased by 37.24% to ¥84,019,885.79, mainly due to the profit growth of the invested enterprise[14] - Research and development expenses were CNY 39,572,754.61, a decrease of 6.9% from CNY 42,546,629.53 in the prior period[25] Inventory and Receivables - Accounts receivable increased to CNY 834,974,846.60 from CNY 776,485,030.66, representing a growth of about 7.5%[22] - Inventory rose to CNY 563,941,287.99 from CNY 476,254,415.54, indicating an increase of approximately 18.38%[22] - The company experienced a 492.41% increase in prepayments, amounting to ¥260,098,297.42, primarily due to increased advance payments to suppliers[11] - The company reported a significant increase in prepayments, which rose to CNY 260,098,297.42 from CNY 43,904,837.90, marking a substantial growth[22] - The company’s long-term equity investments increased to CNY 479,259,073.27 from CNY 440,672,315.48, reflecting a growth of about 8.73%[22] Borrowings and Debt - Short-term borrowings increased to CNY 207,900,000.00 from CNY 177,900,000.00, showing an increase of approximately 16.88%[22] - Cash inflow from borrowing was 299,900,000.00 CNY, an increase from 207,600,000.00 CNY year-over-year[29] - Cash outflow for debt repayment was 227,935,000.00 CNY, compared to 123,000,000.00 CNY in the previous year[29]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥556,207,532.09, a decrease of 25.58% compared to ¥747,362,547.80 in the same period last year[22]. - The net profit attributable to shareholders was ¥15,923,504.43, down 13.23% from ¥18,351,205.05 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥6,043,242.36, a significant decline of 48.96% compared to ¥11,840,309.74 in the previous year[22]. - The company reported a negative net cash flow from operating activities of ¥266,540,070.85, worsening by 114.61% from a negative cash flow of ¥124,199,731.23 in the same period last year[22]. - Basic and diluted earnings per share were both ¥0.04, representing a decrease of 20.00% from ¥0.05 in the previous year[22]. - The company's revenue for the reporting period was ¥556,207,532.09, a decrease of 25.58% compared to ¥747,362,547.80 in the same period last year, primarily due to the impact of the pandemic on order acquisition and production completion[36]. - The operating costs decreased by 25.10% to ¥459,537,286.02 from ¥613,551,293.45, reflecting the reduction in revenue[36]. - Research and development investment was ¥32,488,319.37, a slight decrease of 3.10% from ¥33,527,337.31 in the previous year, attributed to differences in project progress[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,950,235,291.70, reflecting a slight increase of 0.66% from ¥2,930,998,566.17 at the end of the previous year[22]. - Accounts receivable increased to ¥885,479,959.86, representing 30.01% of total assets, due to slower cash collection compared to sales revenue[43]. - Inventory decreased to ¥457,066,966.42, making up 15.49% of total assets, attributed to a decline in the volume of orders requiring delivery[44]. - Short-term borrowings rose to ¥207,900,000.00, accounting for 7.05% of total liabilities, driven by the need for additional bank loans for working capital[44]. - Contract liabilities increased to ¥141,163,656.76, representing 4.78% of total liabilities, due to an increase in advance payments received based on sales contracts[44]. - The company's total investment during the reporting period was ¥473,513,899.04, representing a 9.52% increase compared to ¥432,354,874.18 in the same period last year[50]. Market Strategy and Operations - The company maintained its main business focus on the research, production, and sales of industrial valves, with no significant changes in its business scope during the reporting period[30]. - The company is actively pursuing a differentiated market strategy, focusing on deepening strategic customers, optimizing key customers, and expanding emerging customers[31]. - The company aims to enhance its core competitiveness through digital transformation and the establishment of a digital supply and marketing ecosystem[31]. - The company is focused on expanding its product offerings and technological advancements to maintain competitiveness in the market[60]. - The company is actively pursuing major project bids and strengthening its order fulfillment risk management for overseas contracts[59]. Technological Innovation - The company has established a "4+3+2" platform system for technological innovation, which includes 4 innovation platforms, 3 talent training bases, and 2 school-enterprise joint R&D centers[30]. - The company has applied for a total of 417 patents, including 210 invention patents and 207 utility model patents, with 139 patents granted[32]. - The company is committed to improving its technological innovation capabilities by establishing a comprehensive R&D model and benchmarking against leading international valve companies[60]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company held two shareholder meetings in 2022, with participation rates of 0.16% and 0.67% respectively, discussing various governance and financial matters[62]. - The company has implemented a repurchase plan for restricted shares as part of its incentive program, which was completed on July 13, 2022[128]. Social Responsibility and Compliance - The company has established an EHS management system and signed safety and environmental responsibility agreements to ensure compliance with environmental laws[71]. - The company achieved ISO14001 and ISO45001 certifications in 2021 and passed the annual audit in January 2022[72]. - The company actively participates in charity and public welfare activities, including blood donation and community support[86]. - The company has implemented ISO9001, ISO14001, and ISO45001 certifications to ensure compliance with safety, environmental, and health standards[84]. Future Outlook - The company plans to enhance its market presence and invest in new product development to drive future growth[166]. - The company has set a performance guidance for the second half of 2022, aiming for a revenue growth of approximately 5%[166]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion[166].

Financial Performance - The company reported a significant increase in revenue, with total revenue reaching 1.2 billion RMB, representing a year-on-year growth of 15%[15]. - The net profit attributable to shareholders was 150 million RMB, reflecting a growth of 20% compared to the previous year[15]. - The company's operating revenue for 2021 was ¥1,557,541,050.11, representing a 33.48% increase compared to ¥1,166,857,141.32 in 2020[22]. - The net profit attributable to shareholders was ¥120,129,234.65, up 14.81% from ¥104,630,026.73 in the previous year[22]. - The net cash flow from operating activities was ¥141,202,533.40, a significant improvement of 1,033.42% compared to -¥15,127,502.66 in 2020[22]. - The total revenue for the year was approximately ¥1.55 billion, with a quarterly breakdown of ¥260.28 million in Q1, ¥487.08 million in Q2, ¥332.74 million in Q3, and ¥477.44 million in Q4[26]. - The company reported a net cash flow from operating activities of ¥240.47 million in Q4, a substantial improvement compared to a negative cash flow of ¥11.49 million in Q1[27]. - The company’s total revenue for 2021 reached ¥1,557,541,050.11, representing a year-on-year increase of 33.48% compared to ¥1,166,857,141.32 in 2020[43]. - The company’s domestic valve sales reached ¥1,379,526,263.77, representing 88.57% of total revenue, with a year-on-year growth of 29.49%[43]. - The company’s overseas valve sales increased by 90.80%, amounting to ¥148,019,344.50, compared to ¥77,576,903.26 in 2020[43]. Dividend Policy - The company plans to distribute a cash dividend of 0.94 RMB per 10 shares to all shareholders, based on a total of 386,597,593 shares[5]. - The company reported a cash dividend of 0.82 yuan per 10 shares (including tax), totaling 36,340,173.74 yuan for the year 2020[129]. - The company plans to distribute a cash dividend of 0.94 yuan per 10 shares (including tax) for the year 2021, amounting to a total of 36,340,173.74 yuan[132]. - The company has a stable cash dividend policy, ensuring that the distribution aligns with the company's articles of association and shareholder resolutions[130]. - The company’s total distributable profit for the reporting period was 787,492,447.17 yuan[132]. Research and Development - New product development initiatives are underway, with an investment of 50 million RMB allocated for R&D in advanced valve technologies[15]. - The company has established multiple research and development platforms, including a provincial engineering technology research center and a postdoctoral research station, enhancing its innovation capabilities[34]. - Research and development investment amounted to CNY 53,971,499.53 in 2021, a 12.76% increase from CNY 47,865,227.09 in 2020, representing 3.47% of operating revenue[55]. - The company is currently developing key valves for the oil and petrochemical industry, aiming to enhance core technological competitiveness and create new economic growth points[54]. - The company is investing in research and development to innovate new products and improve existing technologies[187]. Market Expansion and Strategy - The company has outlined future expansion plans, targeting a 25% increase in production capacity over the next two years[15]. - The company is exploring potential mergers and acquisitions to enhance market presence, particularly in the Asia-Pacific region[15]. - The company is committed to expanding its overseas market presence, leveraging the "Belt and Road" initiative, despite facing increased risks due to global uncertainties[79]. - The company is focused on enhancing internal management through refined management practices, targeting quality improvement, cost reduction, and efficiency enhancement[78]. - The company plans to enhance its poverty alleviation and rural revitalization efforts in 2022, emphasizing industrial support[169]. Corporate Governance - The company has a governance structure that includes independent directors, supervisors, and senior management, ensuring compliance and risk management[104]. - The company has developed and revised various governance rules to ensure compliance and enhance corporate governance[90]. - The company has established effective communication channels with investors to protect their interests, particularly those of minority shareholders[91]. - The company maintains complete independence from its controlling shareholder in terms of personnel, assets, finance, and operations, ensuring stable business operations[93]. - The company has a clear performance evaluation system linked to executive compensation, aligning management incentives with company performance[111]. Sustainability and Social Responsibility - The company emphasizes its commitment to sustainability and has initiated projects to reduce carbon emissions by 10% over the next three years[15]. - The company achieved ISO14001 and ISO45001 certification in 2021, indicating compliance with environmental management standards[152]. - The company is developing a distributed photovoltaic power generation plan to reduce carbon emissions and energy costs, contributing to carbon neutrality goals[153]. - The company has established a comprehensive EHS management system to ensure compliance with environmental laws and regulations[151]. - The company raised nearly 32,000 yuan in donations during the "One Day Donation" campaign, demonstrating its commitment to social responsibility[167]. Risk Management - The company has identified key risks, including supply chain disruptions, and has implemented strategies to mitigate these risks[5]. - The company is enhancing its risk management capabilities by building an integrated management platform to improve sensitivity to risks[89]. - The company will establish a risk assessment mechanism for R&D projects to ensure controllable risks and protect intellectual property[80]. - The company recognizes the low entry barriers in the valve industry, which intensifies market competition and may lead to customer attrition[79]. - The company has no reported risks identified by the supervisory board during the reporting period[124]. Employee Engagement and Training - The company conducted a total of 1246 training sessions, accumulating 18,289 hours of training, averaging 17.3 hours per employee[128]. - The total number of employees at the end of the reporting period was 1,077, with 499 in production, 66 in sales, 140 in technology, 28 in finance, and 344 in administration[126]. - The company organized various employee engagement activities to boost morale and cohesion, including competitions and cultural events[158]. - The company emphasizes the importance of employee health and well-being, providing annual health check-ups and support for employees in need[158]. - The company has established a management system that links employee compensation to value creation, ensuring a dynamic mechanism for salary distribution[127].

中核苏阀科技实业股份有限公司 2022 年第一季度报告全文 证券代码：000777 证券简称：中核科技 公告编号：2022-015 中核苏阀科技实业股份有限公司 2022 年第一季度报告 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.第一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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 197,554,798.75 | 260,283,798.67 | -24.10% | | 归属于上市公司股东的净利润（元） | -14,664,063.11 | ...

Financial Performance - The company's operating revenue for 2021 was ¥1,557,541,050.11, representing a 33.48% increase compared to ¥1,166,857,141.32 in 2020[21]. - The net profit attributable to shareholders was ¥120,129,234.65, up 14.81% from ¥104,630,026.73 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥93,585,874.59, an increase of 8.26% from ¥86,446,129.18 in 2020[21]. - The net cash flow from operating activities was ¥141,202,533.40, a significant increase of 1,033.42% compared to -¥15,127,502.66 in 2020[21]. - The total assets at the end of 2021 were ¥2,930,998,566.17, an 18.75% increase from ¥2,468,148,430.86 at the end of 2020[21]. - The net assets attributable to shareholders were ¥1,664,529,811.50, reflecting a 7.79% increase from ¥1,544,303,935.19 in 2020[21]. - The basic earnings per share for 2021 were ¥0.31, up 14.81% from ¥0.27 in 2020[21]. - The diluted earnings per share also stood at ¥0.31, marking a 14.81% increase compared to the previous year[21]. - The weighted average return on equity was 7.55%, an increase from 6.86% in 2020[21]. - The company's total revenue for 2021 reached ¥1,557,541,050.11, representing a year-on-year increase of 33.48% compared to ¥1,166,857,141.32 in 2020[42]. Dividend Distribution - The company plans to distribute a cash dividend of 0.94 RMB per 10 shares to all shareholders, based on a total of 386,597,593 shares[5]. - The company reported a cash dividend of 0.82 yuan per 10 shares (including tax), totaling 36,340,173.74 yuan for the year 2020[128]. - The company’s total distributable profit for the reporting period was 787,492,447.17 yuan[131]. - The company has a stable cash dividend policy, ensuring that the distribution aligns with the company's articles of association and shareholder resolutions[130]. Corporate Governance - The company has a clear governance structure with independent directors and supervisors overseeing operations, ensuring compliance and risk management[104]. - The company has established good communication channels with investors, enhancing the quality of investor relations management[90]. - The company has no significant discrepancies between its governance practices and the regulations set by the China Securities Regulatory Commission[91]. - The company has a diverse board with members holding positions in other organizations, enhancing its governance and oversight capabilities[107]. - The company has implemented a series of effective measures to enhance the board's operational capabilities, contributing to high-quality development[89]. Research and Development - The company has established several research and development platforms, including a provincial engineering technology research center and a postdoctoral research station, enhancing its innovation capabilities[37]. - Research and development investment amounted to CNY 53,971,499.53 in 2021, a 12.76% increase from CNY 47,865,227.09 in 2020, representing 3.47% of operating revenue[54]. - The company is committed to research and development, aiming to innovate and introduce new products in the upcoming fiscal year[100]. - The company is enhancing its research and development capabilities in the oil, petrochemical, and thermal power sectors[83]. Market Strategy - The company has successfully entered the international water market and expanded its overseas market presence, particularly in the Middle East[35]. - The company has implemented a differentiated market strategy, focusing on deepening relationships with strategic customers and expanding into emerging markets[35]. - The company is focusing on high-end valve market strategies, aiming to enhance its competitive position[83]. - The company is actively pursuing new product development and technological advancements to maintain its competitive edge in the market[76]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[5]. - The company has implemented a comprehensive risk management framework to enhance operational efficiency and reduce risks[88]. - The company will implement measures to mitigate risks related to technological innovation, including establishing evaluation mechanisms and protecting R&D outcomes[79]. - The company faces competition risks in the valve industry due to low entry barriers and numerous private enterprises, which may impact market share[78]. Employee Engagement and Welfare - The company conducted a total of 1246 training sessions, accumulating 18,289 hours of training, averaging 17.3 hours per employee[127]. - The company has 25 retired employees for whom it bears costs, indicating a focus on employee welfare[125]. - The company emphasized the importance of employee health and well-being, providing annual health check-ups and support for employees in need[157]. - The company organized various employee engagement activities to enhance organizational cohesion and employee morale[157]. Environmental and Social Responsibility - The company has established a series of procedures for environmental management, including ISO14001 and ISO45001 certifications obtained in 2021[151]. - The company is developing a distributed photovoltaic power generation plan to reduce carbon emissions and energy costs, contributing to the "dual carbon" goals[152]. - The company raised nearly 32,000 yuan in donations during the "One Day Donation" campaign, demonstrating its commitment to social responsibility[166]. - The company purchased over 260,000 yuan worth of local agricultural products to support poverty alleviation efforts in designated poverty-stricken areas[168]. Financial Management - The company has maintained a consistent policy of not engaging in complex guarantee arrangements[200]. - The company has not engaged in entrusted financial management during the reporting period, indicating a focus on direct asset management[200]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[176]. - The company has appointed Xin Yong Zhong He Accounting Firm for the 2021 audit, with an audit fee of ¥570,000[180].

中核苏阀科技实业股份有限公司 2021 年第三季度报告 证券代码：000777 证券简称：中核科技 公告编号：2021-042 中核苏阀科技实业股份有限公司 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 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 332,735,341.58 | 11.53% | 1,080,097,889.38 | ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 747,362,547.80, representing a 55.15% increase compared to CNY 481,716,088.51 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 21.15% to CNY 18,351,205.05 from CNY 23,272,120.62 year-on-year[20]. - The net cash flow from operating activities was negative at CNY -124,199,731.23, a decline of 79.38% compared to CNY -69,236,806.77 in the previous year[20]. - The total assets at the end of the reporting period increased by 11.54% to CNY 2,753,032,867.74 from CNY 2,468,148,430.86 at the end of the previous year[20]. - The basic earnings per share fell by 21.25% to CNY 0.0478 from CNY 0.0607 in the same period last year[20]. - The weighted average return on net assets decreased to 1.18% from 1.57% year-on-year[20]. - The revenue from valve manufacturing accounted for 98.28% of total operating revenue, amounting to ¥734,529,516.32, which is a 53.91% increase year-on-year[37]. - The nuclear power valve segment saw significant growth, with revenue increasing by 772.72% to ¥156,937,012.68, compared to ¥17,982,555.36 in the previous year[37]. - The gross profit margin for valve manufacturing decreased by 7.09% to 17.70% compared to the previous year[40]. - The company reported a significant increase in investment income, amounting to 38.25 million, representing 225.18% of total profit[43]. Research and Development - The company increased its R&D investment by 88.10% to ¥33,527,337.31, reflecting a commitment to enhancing its technological capabilities[34]. - Research and development expenses for the first half of 2021 were CNY 33,527,337.31, compared to CNY 17,824,041.59 in the same period of 2020, reflecting an increase of approximately 88.1%[147]. - The company is advancing the development of a steam isolation valve with a gas-liquid linkage actuator to address critical technical challenges[28]. Market and Sales - The domestic valve sales totaled ¥620,370,251.31, accounting for 83.01% of total revenue, with a year-on-year growth of 42.08%[39]. - The export valve sales surged by 181.03% to ¥114,159,265.01, indicating successful international market expansion[39]. - The company is actively participating in the "Belt and Road" initiative, enhancing its overseas sales network and accelerating international certifications[29]. - The company is focusing on high-end valve markets, particularly in nuclear power and petrochemical sectors, which are expected to maintain strong demand in the coming years[29]. - The company is focusing on expanding its market share through new product development and technological advancements[87]. Financial Position and Assets - Accounts receivable rose to 888.30 million, accounting for 32.27% of total assets, an increase of 4.40% from the previous year[46]. - The company’s inventory increased to 508.84 million, reflecting a rise in raw materials and finished goods due to higher order volumes[46]. - Short-term borrowings increased to 240.60 million, representing 8.74% of total liabilities, primarily to meet working capital needs[46]. - The company's total investment during the reporting period was ¥432,354,874.18, representing a 15.77% increase compared to ¥373,460,312.56 in the same period last year[51]. - The company reported restricted cash of ¥13,636,240.10, which is related to guarantees and deposits for more than three months[50]. Corporate Governance and Compliance - The company has not declared any cash dividends or bonus shares for the reporting period[6]. - The company has not engaged in any securities or derivative investments during the reporting period[52][53]. - The company did not sell any significant assets or equity during the reporting period[54][55]. - The company has not experienced any significant changes in the measurement attributes of its major assets during the reporting period[49]. - The company has not reported any major lawsuits or regulatory penalties during the reporting period, indicating a stable legal standing[84]. - The company has not engaged in any non-operating fund occupation by major shareholders or related parties during the reporting period[79]. - The company has not issued any non-standard audit reports for the half-year financial report, maintaining compliance with auditing standards[81]. Strategic Initiatives - The company is implementing measures to enhance market information collection and improve sales management to address competitive risks[60]. - The company plans to enhance risk prevention measures for overseas projects and conduct thorough risk assessments for significant projects[59]. - The overall financial strategy includes a focus on mergers and acquisitions to enhance market share and operational capabilities[172]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,222, with significant shareholders including China Nuclear Suzhou Valve Co., Ltd. holding 17.77% and China National Nuclear Corporation holding 9.25%[124]. - The company approved a stock incentive plan, granting 3.18 million restricted shares at a price of 7.55 yuan per share[110]. - The company completed the registration of the first grant of the 2020 restricted stock incentive plan on May 19, 2021, granting 3.18 million shares at an exercise price of 7.55 CNY per share, increasing total shares from 383,417,593 to 386,597,593[123]. Environmental and Social Responsibility - The company has established an EHS management system and successfully passed ISO14001 and ISO45001 certification in 2021, indicating a commitment to environmental and occupational health safety[74]. - The company actively participated in poverty alleviation efforts, purchasing over 260,000 CNY worth of local agricultural products to support impoverished households[75]. - The company has implemented measures for COVID-19 prevention, including daily temperature checks and distribution of protective equipment to employees[75].

Financial Performance - The company's operating revenue for 2020 was ¥1,166,857,141.32, a decrease of 7.82% compared to ¥1,265,879,384.10 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥104,630,026.73, down 22.93% from ¥135,758,936.11 in 2019[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥86,446,129.18, a decline of 30.23% from ¥123,899,240.38 in 2019[17]. - The net cash flow from operating activities was -¥15,127,502.66, an improvement of 80.84% compared to -¥78,968,083.69 in 2019[17]. - The basic earnings per share for 2020 was ¥0.2729, a decrease of 22.93% from ¥0.3541 in 2019[17]. - The total assets at the end of 2020 were ¥2,468,148,430.86, an increase of 2.05% from ¥2,418,590,638.12 at the end of 2019[17]. - The net assets attributable to shareholders at the end of 2020 were ¥1,544,303,935.19, up 4.87% from ¥1,472,613,959.23 at the end of 2019[17]. - The weighted average return on net assets for 2020 was 6.86%, down from 9.53% in 2019, a decrease of 2.67%[17]. - The company reported a total revenue of 10,277.285407 million RMB for the year 2020[172]. Dividend Policy - The company plans to distribute a cash dividend of 0.82 RMB per 10 shares to all shareholders, based on a total of 383,417,593 shares[4]. - For the year 2020, the company proposed a cash dividend of 0.82 yuan (including tax) per 10 shares, amounting to a total of 31,440,242.63 yuan, with no capital reserve fund conversion into share capital[91]. - The cash dividend for 2020 represented 30.05% of the net profit attributable to the company's ordinary shareholders, which was 104,630,026.73 yuan[90]. - The company maintained a stable dividend distribution policy, ensuring that minority shareholders had the opportunity to express their opinions and that their legal rights were fully protected[87]. - The company has not proposed any capital reserve fund conversion into share capital for the past three years[88]. - The company’s cash dividend policy is compliant with the company’s articles of association and the resolutions of the shareholders' meeting[87]. Corporate Governance - The company emphasizes the importance of accurate financial reporting, with key personnel affirming the completeness and truthfulness of the annual report[3]. - The company has implemented a modern corporate governance structure since its listing in 1997, enhancing operational efficiency and management practices[32]. - The company’s independent directors fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[87]. - The company has maintained a continuous relationship with its accounting firm for 6 years, with the current audit partners having 1 and 4 years of service respectively[103]. - The company has strengthened its governance structure to protect the rights of shareholders and creditors, ensuring compliance and accountability[132]. Market and Business Strategy - The company has maintained its core business in the research, production, and sales of industrial valves, with a focus on high-end markets such as nuclear engineering and petrochemicals[26]. - The company is actively expanding its international market presence, participating in "Belt and Road" projects, and accelerating overseas certification processes[27]. - The company aims to transition from manufacturing to service-oriented production, gradually moving towards the mid-to-high-end market[73]. - The company’s strategic focus includes improving product quality and brand competitiveness rather than competing solely on price[73]. - The company is positioned to benefit from the ongoing structural adjustments in the valve industry, which may lead to the elimination of inefficient enterprises[73]. Research and Development - R&D investment totaled ¥54.06 million, with four invention patents authorized during the year[35]. - The company is focusing on R&D to enhance product technology and is collaborating with international manufacturers to produce high-value-added products[73]. - Key research projects, including the development of pressure stabilizers and safety valves, will be accelerated to address critical technology bottlenecks[76]. - The company has established strong technical innovation capabilities, with several key valve products leading in the domestic market, particularly in nuclear power applications[31]. Risk Management - Risks associated with international operations, including market complexity and trade tensions, are being addressed through enhanced risk assessment and management strategies[78]. - Cash flow risks due to slow turnover of certain funds are being mitigated by improving accounts receivable management and optimizing inventory[79]. - The company faces market competition risks from numerous private enterprises and is focusing on strengthening market research and sales team capabilities[79]. Social Responsibility - The company donated 5,000 masks and 2,000 gloves to Spanish healthcare institutions during the pandemic, receiving high praise from partners[141]. - The company mobilized employees to donate nearly 28,000 yuan for charity and participated in various social responsibility initiatives during the pandemic[147]. - The company has focused on environmental responsibility, aiming to build a resource-saving and environmentally friendly enterprise[131]. - The company has engaged in community support, including sending educational materials to special needs children and participating in blood donation drives[144]. Employee Engagement - The company has actively pursued employee welfare initiatives, including health checks and insurance coverage, benefiting over 50 employees in 2020[136]. - The company conducted a total of 1,848 training sessions, accumulating 23,154 hours of training, averaging 21.7 hours per employee[198]. - The company has established a performance-based salary management system for senior management, linking remuneration to operational performance[197]. Related Party Transactions - The company engaged in significant related party transactions, with transaction amounts and pricing principles detailed in the report[111]. - The company reported a total of 1,496.3 million yuan in related party transactions, accounting for 1.29% of the total transaction amount[112]. - The company’s related party transactions included sales of valves and procurement of materials, with specific amounts and percentages disclosed[113].

中核苏阀科技实业股份有限公司 2021 年第一季度报告全文 中核苏阀科技实业股份有限公司 2021 年第一季度报告 2021 年 04 月 1 中核苏阀科技实业股份有限公司 2021 年第一季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人彭新英、主管会计工作负责人匡小兰及会计机构负责人(会计主 管人员)王静声明：保证季度报告中财务报表的真实、准确、完整。 2 中核苏阀科技实业股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 260,283,798.67 | 131,125,342.78 | 98.50% | | 归属于上市公司股东的净利润（元） | -5,117,741.01 | ...

Financial Performance - Operating revenue decreased by 7.35% to CNY 298,345,042.16 for the current period, and by 17.95% to CNY 780,061,130.67 year-to-date[9] - Net profit attributable to shareholders decreased by 36.69% to CNY 29,567,135.09 for the current period, and by 41.61% to CNY 52,839,255.71 year-to-date[9] - Basic earnings per share decreased by 36.70% to CNY 0.0771 for the current period, and by 41.61% to CNY 0.1378 year-to-date[9] - Total operating revenue for the current period is ¥780,061,130.67, down from ¥950,735,473.72 in the previous period, representing a decrease of approximately 17.9%[45] - Net profit for the current period is ¥52,839,255.71, compared to ¥90,490,348.64 in the previous period, reflecting a decline of approximately 41.6%[47] - The total profit for the current period is ¥53,524,987.13, down from ¥88,932,087.74, a decrease of approximately 39.7%[47] - The company reported a total comprehensive income of ¥46,330,890.74, down from ¥94,637,212.60, a decline of about 51.1%[48] Assets and Liabilities - Total assets increased by 4.16% to CNY 2,519,104,038.53 compared to the end of the previous year[9] - Total liabilities rose to CNY 1,040,657,222.09, up from CNY 945,976,678.89, indicating an increase of about 10.03%[31] - Current liabilities totaled CNY 974,730,042.99, compared to CNY 870,741,676.23, marking an increase of approximately 11.93%[31] - Non-current liabilities decreased to CNY 65,927,179.10 from CNY 75,235,002.66, a decline of about 12.43%[31] - Owner's equity increased to CNY 1,478,446,816.44 from CNY 1,472,613,959.23, showing a slight growth of approximately 0.39%[32] - Cash and cash equivalents decreased to CNY 200,464,490.12 from CNY 262,348,588.36, a decline of about 23.59%[32] - Accounts receivable increased to CNY 795,903,644.68 from CNY 748,213,709.23, reflecting a growth of approximately 6.36%[32] - Inventory rose to CNY 397,521,103.17 from CNY 352,737,123.98, indicating an increase of about 12.67%[32] - Long-term equity investments increased to CNY 471,184,390.83 from CNY 416,378,431.04, a growth of approximately 13.14%[34] Cash Flow - Net cash flow from operating activities increased significantly by 272.76% to CNY 42,872,743.63 for the current period[9] - The net cash flow from operating activities was -26,364,063.14 CNY, an improvement from -201,701,490.63 CNY in the same period last year[55] - Cash received from the sale of goods and services increased to 693,108,912.83 CNY, up from 628,632,885.75 CNY year-over-year, representing an increase of approximately 10.3%[55] - The total cash inflow from operating activities was 719,446,967.68 CNY, compared to 644,429,329.90 CNY in the previous year, marking a growth of about 11.7%[55] - Cash outflow for purchasing goods and services decreased to 560,281,969.59 CNY from 636,256,678.88 CNY, a reduction of approximately 11.9%[55] - The net cash flow from investing activities was -5,941,310.04 CNY, a decline from 36,429,930.30 CNY in the previous year[56] - Cash inflow from investment activities totaled 26,618,977.71 CNY, down from 50,089,970.56 CNY year-over-year, indicating a decrease of about 46.8%[56] - Cash inflow from financing activities was 213,900,000.00 CNY, compared to 122,601,167.67 CNY in the same period last year, reflecting an increase of approximately 74.5%[56] - The ending cash and cash equivalents balance was 190,074,287.07 CNY, compared to 116,782,105.79 CNY at the end of the same period last year, representing an increase of about 62.7%[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 69,498[13] - The largest shareholder, China Nuclear Suzhou Valve Co., Ltd., holds 17.92% of the shares[13] - No repurchase transactions were conducted by the top 10 shareholders during the reporting period[14] Other Financial Metrics - The weighted average return on equity decreased to 1.98%, down by 1.35% compared to the previous year[9] - The company reported non-recurring gains and losses totaling CNY 10,189,066.72 for the year-to-date[10] - Financial expenses increased by 42.64% to ¥6,691,032.02, attributed to exchange losses from the appreciation of the RMB against the USD[18] - The company recorded a 4522.97% increase in asset disposal gains to ¥897,162.59, resulting from higher non-current asset disposal income[17] - The company has no significant non-operating guarantees or overdue commitments during the reporting period[19]