编号：2021-004 证券代码：000970 证券简称：中科三环 北京中科三环高技术股份有限公司投资者关系活动记录表 | --- | --- | --- | |------------------------------|---------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

编号：2021-003 证券代码：000970 证券简称：中科三环 北京中科三环高技术股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：000970 证券简称：中科三环 北京中科三环高技术股份有限公司投资者关系活动记录表 编号：2021-002 | --- | --- | --- | |-----------------------|-----------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | √特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 \n□现场参观 \n□其他 | （请文字说明其他活动内容） | | 参与单位名称 | 万泰华瑞资管：刘志刚、喻培林 | | | 及人员姓名 | | | | ...

Financial Performance - The company's revenue for Q3 2022 reached ¥2,802,872,242.35, representing a year-over-year increase of 32.35%[7] - Net profit attributable to shareholders was ¥211,128,304.18, a significant increase of 134.42% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥214,987,655.08, up 144.04% year-over-year[7] - Total operating revenue for the current period reached ¥7,507,386,772.72, a significant increase of 52.5% compared to ¥4,910,707,695.75 in the previous period[36] - Net profit for the current period was ¥739,559,543.88, representing a 186.6% increase from ¥258,607,403.76 in the previous period[40] - Earnings per share (EPS) for the current period was ¥0.5213, compared to ¥0.1929 in the previous period[40] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥11,455,247,566.38, reflecting a 23.63% increase from the end of the previous year[7] - Total assets as of September 30, 2022, reached RMB 11,455,247,566.38, an increase from RMB 9,266,076,774.60 at the beginning of the year[29] - Total liabilities rose to ¥4,214,266,693.38, an increase of 26.2% from ¥3,338,150,553.28 in the previous period[32] - Total equity increased to ¥7,240,980,873.00, up 22.2% from ¥5,927,926,221.32 in the previous period[32] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥823,242,077.82, a decrease of 510.14% compared to the same period last year[7] - The cash inflow from operating activities for the current period was ¥7,420,297,153.79, an increase of 57.4% compared to ¥4,706,757,310.31 in the previous period[44] - The net cash flow from operating activities was -¥823,242,077.82, worsening from -¥134,926,375.31 in the same period last year[44] - The cash inflow from financing activities totaled ¥2,078,851,191.09, significantly up from ¥619,038,891.10 in the previous year, marking an increase of 235.5%[47] - The net cash flow from financing activities was ¥1,633,980,385.06, compared to ¥353,314,970.79 in the previous period, indicating a substantial improvement[47] - The cash outflow for investing activities was ¥423,405,360.52, compared to ¥262,809,044.31 in the previous period, reflecting increased investment efforts[44] Shareholder Information - The company plans to issue 15,052.5773 million shares to all shareholders, increasing the registered capital to RMB 121,572.5773 million[25] - The top shareholder, Beijing Sanhuan Holdings Co., Ltd., holds 23.35% of the shares, totaling 283,881,263 shares[21] - The company reported a total of 88,594 common shareholders at the end of the reporting period[21] Operational Highlights - The company experienced a 52.88% increase in operating income, primarily due to rising prices of rare earth raw materials and increased market orders[15] - Research and development expenses increased to ¥100,168,711.38, up 15.0% from ¥86,862,868.34 in the previous period[36] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34] Cash and Equivalents - Cash and cash equivalents increased by ¥49,169.96 million, a rise of 1,951.51% compared to the previous period[19] - Cash and cash equivalents amounted to RMB 1,743,055,522.61, up from RMB 1,459,539,200.76 at the start of the year, reflecting a growth of approximately 19.4%[29] - The cash and cash equivalents at the end of the period amounted to ¥1,717,321,744.56, up from ¥1,655,544,214.35 at the end of the previous period[47] - The company received cash from minority shareholders amounting to ¥28,900,000.00, an increase from ¥17,000,000.00 in the previous year[47] Inventory and Receivables - Accounts receivable increased to RMB 3,347,248,788.57, compared to RMB 2,334,681,136.59 at the beginning of the year, representing a growth of about 43.5%[29] - Inventory levels rose to RMB 3,505,963,056.54, up from RMB 2,981,757,330.98, indicating an increase of approximately 17.5%[29]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥4,704,514,530.37, representing a 68.44% increase compared to ¥2,792,966,875.40 in the same period last year[26]. - The net profit attributable to shareholders was ¥405,138,662.63, a significant increase of 251.00% from ¥115,425,585.26 year-on-year[26]. - The basic earnings per share rose to ¥0.3476, reflecting a 220.66% increase compared to ¥0.1084 in the previous year[26]. - The total assets at the end of the reporting period reached ¥11,068,116,771.14, marking a 19.45% increase from ¥9,266,076,774.60 at the end of the previous year[26]. - The total profit amounted to CNY 61,355.45 million, reflecting a significant increase of 229.04% year-on-year[51]. - The company's total assets reached CNY 1,106,811.68 million, an increase of 19.45% year-on-year[51]. - Net profit attributable to shareholders was CNY 40,513.87 million, up 251.00% compared to the same period last year[51]. - Operating revenue for the period was CNY 470,451.45 million, representing a year-on-year increase of 68.44%[51]. Cash Flow and Dividends - The company reported a net cash flow from operating activities of -¥716,388,513.13, a decline of 2,403.75% compared to -¥28,612,577.30 in the same period last year[26]. - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company reported a net increase in cash and cash equivalents of ¥469,549,770.88, a 351.83% increase from ¥103,922,322.43, attributed to higher cash flow from financing activities[52]. Research and Development - The company maintains strong partnerships with leading research institutions, enhancing its R&D capabilities and innovation[37]. - The company has a high-quality R&D team with expertise across various disciplines, ensuring a robust foundation for technological advancements[38]. - Research and development expenses rose to ¥65,170,101.92, marking a 16.75% increase from ¥55,818,464.12 in the previous year[52]. Market Position and Products - The company is a leading manufacturer of neodymium iron boron permanent magnets, with a focus on research, development, production, and sales of rare earth permanent magnetic materials[35]. - The demand for high-performance neodymium iron boron magnets is expected to grow significantly, driven by policies supporting energy efficiency and the low-carbon economy, with a target of over 70% of new efficient motors by 2025[36]. - The company has developed high-performance sintered neodymium iron boron magnets tailored for electric vehicles, achieving high strength and reliability under extreme conditions[40]. - The company has achieved significant advancements in high-abundance rare earth magnets, with cerium content exceeding 40% of total rare earth content and magnetic energy product exceeding 50 MGOe[41]. - The company has developed new technologies for the integration of magnets with metal/plastic components, expanding applications in electric vehicles and energy-efficient appliances[42]. - The company has established a strong technological advantage in the production of sintered neodymium-iron-boron magnets, with a maximum magnetic energy product greater than 75 MGOe and high-temperature stability above 200°C[46]. Environmental Compliance - The company adheres to national and local emission standards, ensuring compliance through regular monitoring of pollutants[105]. - The company has established a self-monitoring scheme for wastewater, conducting daily, weekly, and quarterly tests, with online monitoring facilities installed since December 2018[113]. - The environmental emergency response plans for all subsidiaries have been updated and approved, ensuring preparedness for potential environmental incidents[110]. - The company has implemented a low-temperature paint process, reducing energy consumption by lowering the drying temperature from 180°C to 140°C, with low-temperature paint now accounting for one-third of all water-based paints used[118]. Risks and Challenges - The company faces risks from fluctuations in downstream market demand, particularly in the automotive and new energy vehicle sectors, which could impact future growth[89]. - Raw material supply risks are significant, as the company relies heavily on rare earth metals, which are subject to strict production controls and potential shortages[90]. - The company is exposed to raw material price volatility, with rare earth prices influenced by international economic conditions and domestic policies, potentially affecting profit margins[90]. - Increased competition in the high-performance magnetic materials sector may adversely affect the company's future operating performance and profitability[90]. - Approximately 50% of the company's revenue comes from exports, making it vulnerable to international market fluctuations and trade tensions[93]. Shareholder Information - The largest shareholder, Beijing Sanhuan Holdings Limited, holds 23.35% of the shares, amounting to 283,881,263 shares[170]. - The second largest shareholder, TRIDUS INTERNATIONAL INC, holds 3.94% of the shares, totaling 47,952,354 shares[170]. - The company has a total of 101,756 shareholders, with 5% or more ownership held by 8 shareholders[170]. - The basic earnings per share decreased from 0.3803 CNY to 0.3476 CNY after the share issuance[166]. - The net asset value per share attributable to ordinary shareholders decreased from 5.59 CNY to 4.90 CNY post-issuance[166]. Subsidiary Performance - The subsidiary Ningbo Keningda Industrial Co., Ltd. reported a net profit of RMB 22,373.32 million, contributing significantly to the company's overall profitability[85]. - The total assets of Ningbo Keningda Industrial Co., Ltd. amounted to RMB 388,580.09 million[85]. - The subsidiary Zhaoqing Sanhuan Jingyue Magnetic Materials Co., Ltd. achieved a revenue of 1 billion yuan, with a net profit of 4.02 million yuan, indicating strong market demand for its products[88]. - Shanghai Sanhuan Magnetic Materials Co., Ltd. reported a revenue of 186,601.68 million yen, with a net profit of 497.32 million yuan, showcasing robust sales performance in the magnetic materials market[88].

Financial Performance - The company's revenue for Q1 2022 was CNY 2,158,936,920.36, representing a 67.97% increase compared to CNY 1,285,302,612.07 in the same period last year[4] - Net profit attributable to shareholders was CNY 166,118,346.41, a significant increase of 229.79% from CNY 50,371,592.88 year-on-year[4] - Basic earnings per share rose to CNY 0.1489, up 214.80% from CNY 0.0473 in the previous year[4] - Operating profit was reported at ¥252,160,933.37, up from ¥81,224,214.08 year-over-year[33] - Net profit for the period was ¥194,601,871.19, compared to ¥59,357,862.79 in the same quarter last year, reflecting a strong growth[33] - The company reported a total comprehensive income of ¥194,514,734.90, compared to ¥60,070,884.31 in the prior year[36] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 10,552,639,891.39, an increase of 13.88% from CNY 9,266,076,774.60 at the end of the previous year[4] - Current assets totaled RMB 8,263,290,329.64, up from RMB 7,119,575,936.36 at the beginning of the year, indicating a growth of approximately 16.06%[22] - Total liabilities reached RMB 3,761,792,780.23, compared to RMB 3,338,150,553.28 at the beginning of the year, marking an increase of about 12.66%[28] - The company's equity attributable to shareholders increased to RMB 5,820,229,829.02 from RMB 4,985,792,463.96, reflecting a growth of approximately 16.73%[28] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY -343,456,680.70, a decline of 1,455.08% compared to CNY -22,086,096.00 in the same period last year[4] - Cash flow from operating activities totaled ¥1,967,263,776.06, compared to ¥1,555,257,231.69 in the previous year[37] - The net cash flow from operating activities was -343,456,680.70, a significant decline compared to -22,086,096.00 from the previous period, indicating a worsening operational cash flow situation[41] - Cash inflow from financing activities reached 953,913,978.66, a substantial increase from 116,951,355.90, driven by higher investment and borrowing[41] - The net cash flow from financing activities was 861,239,219.93, compared to 83,617,278.74 in the previous period, showing strong financing support[41] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 97,677, with the largest shareholder holding 23.35% of the shares[14] - The company completed a placement of 150,525,773 new shares at a price of RMB 4.50 per share, raising a total of RMB 677,365,978.50, with a net amount of RMB 665,788,353.94 after deducting issuance costs[19] Operating Costs and Expenses - The company reported a 61.91% increase in operating costs, amounting to CNY 178,165,300, primarily due to rising rare earth material prices[13] - Total operating costs amounted to ¥1,933,336,680.02, compared to ¥1,207,302,037.81 in the previous period[30] - Research and development expenses were ¥28,323,735.01, slightly up from ¥28,222,572.40[33] - Tax expenses increased to ¥57,564,384.28 from ¥21,795,893.14, indicating higher profitability[33] - Other income rose significantly to ¥14,294,037.72 from ¥3,047,453.82, showcasing improved financial performance[33] Investment Activities - Investment activities generated a net cash outflow of -126,083,866.71, worsening from -91,274,359.15, indicating increased capital expenditures[41] - The company incurred cash outflows for fixed assets and intangible assets totaling 112,210,941.71, up from 91,313,559.15, reflecting ongoing investments in growth[41] Audit Information - The company did not audit the first quarter report, which may affect the reliability of the financial data presented[42]

Financial Performance - The company's operating revenue for 2021 was ¥7,145,763,790.98, representing a 53.60% increase compared to ¥4,652,108,161.13 in 2020[28] - The net profit attributable to shareholders for 2021 was ¥398,881,468.51, a significant increase of 208.44% from ¥129,322,141.48 in 2020[28] - The net profit after deducting non-recurring gains and losses was ¥376,709,149.96, up 241.63% from ¥110,267,490.84 in 2020[28] - The basic earnings per share for 2021 was ¥0.3745, an increase of 208.48% compared to ¥0.1214 in 2020[28] - The total assets at the end of 2021 were ¥9,266,076,774.60, reflecting a 30.65% increase from ¥7,092,491,864.49 at the end of 2020[28] - The net assets attributable to shareholders at the end of 2021 were ¥4,985,792,463.96, a 7.48% increase from ¥4,638,788,958.79 at the end of 2020[28] - The company reported a net cash flow from operating activities of -¥653,504,538.95, a decrease of 519.97% compared to ¥155,606,422.54 in 2020[28] - The weighted average return on equity for 2021 was 8.29%, an increase of 5.49% from 2.80% in 2020[28] Revenue Breakdown - Total revenue for the year reached approximately CNY 6.1 billion, with a quarterly breakdown of CNY 747.65 million in Q1, CNY 2.05 billion in Q2, CNY 2.12 billion in Q3, and CNY 2.24 billion in Q4[33] - Net profit attributable to shareholders was CNY 398.88 million for the year, with quarterly figures of CNY 12.22 million in Q1, CNY 103.20 million in Q2, CNY 90.06 million in Q3, and CNY 193.39 million in Q4[33] Market and Industry Insights - The global sales of new energy vehicles reached 6.7 million units in 2021, a year-on-year increase of 102.4%, with the Chinese market accounting for 3.55 million units, representing a growth of approximately 160%[42] - The market for high-performance neodymium-iron-boron materials is expected to grow significantly, driven by demand in new energy vehicles and energy-efficient appliances[42] - The company operates in the magnetic materials manufacturing industry, specifically producing neodymium-iron-boron permanent magnets, and is recognized as the largest producer in terms of output and sales revenue in China[44] Research and Development - The company is focused on the research and development of neodymium-iron-boron permanent magnetic materials, which are widely used in various industries including automotive and electronics[43] - The company has established a strong theoretical foundation for R&D, with a market-oriented approach and collaboration with various prestigious research institutions, enhancing its innovation capabilities[47] - The R&D team is composed of high-quality professionals from diverse fields, including materials science and physics, ensuring a robust technical foundation for innovation[48] - The company focuses on developing high-performance sintered NdFeB magnets tailored for specific applications, such as high-temperature and high-speed environments in electric vehicles[48] - The company has achieved significant advancements in the production of bonded NdFeB magnets, including the establishment of a vacuum quenching facility, enhancing its competitive edge in the market[49] Competitive Advantage - The company has a strong competitive advantage due to its independent research and development capabilities, which enhance its product offerings and market position[45] - The company maintains a reliable quality assurance system, adhering to international quality management standards throughout the product development and production processes[53] - The company has built a large customer base across various sectors, including electric vehicles and consumer electronics, with many clients having a partnership history of over 5 years[53] Strategic Partnerships and Collaborations - The company has established a strategic partnership with upstream enterprises to ensure stable supply of rare earth materials, mitigating risks from market fluctuations[57] - The company signed a strategic cooperation agreement with Minmetals to secure priority supply of rare earth metals at favorable market prices[57] - A joint venture was established with China Southern Rare Earth Group, with a registered capital of CNY 200 million, in which the company holds a 66% stake[66] Risk Management - The company highlighted risks including market demand fluctuations, raw material supply risks, and intensified market competition[6] - The company is exposed to risks from raw material price volatility, as rare earth prices are influenced by international economic conditions and national policies[131] - The competition in the high-performance magnetic materials sector is intensifying, which may adversely affect the company's future operating performance and profitability[131] Governance and Management - The company maintains a robust governance structure, ensuring independence from its controlling shareholder in terms of personnel, assets, finance, and operations[139] - The company has established a complete business operation system, including independent import and export rights, ensuring operational independence from its controlling shareholder[141] - The company has a dedicated financial department with an independent accounting system, ensuring financial autonomy and compliance with tax obligations[143] - The company has implemented a performance evaluation and incentive mechanism, which is continuously being improved[140] Employee and Remuneration - The total number of employees at the end of the reporting period was 5,537, with 273 in the parent company and 5,264 in major subsidiaries[180] - The professional composition includes 3,984 production personnel, 1,006 technical personnel, and 128 sales personnel[183] - The total pre-tax remuneration for directors, supervisors, and senior management amounted to 799.22 million CNY[166] - The highest remuneration was received by the chairman, Wang Zhenxi, at 1.08 million CNY[166] Financial Management and Internal Control - The internal control system has been further optimized, ensuring compliance and enhancing operational efficiency[192] - There were no significant internal control deficiencies identified during the reporting period[195] - The company has committed to continuous improvement of its internal control systems in response to regulatory requirements[194]

北京中科三环高技术股份有限公司 2021 年第三季度报告 证券代码：000970 证券简称：中科三环 公告编号：2021-048 北京中科三环高技术股份有限公司 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 CNY 2,792,966,875.40, representing a 68.18% increase compared to the same period last year[27]. - The net profit attributable to shareholders of the listed company reached CNY 115,425,585.26, a significant increase of 359.26% year-on-year[27]. - The net profit after deducting non-recurring gains and losses was CNY 93,387,636.30, up 345.37% from the previous year[27]. - Basic earnings per share were CNY 0.1084, an increase of 359.32% year-on-year[27]. - The company's operating revenue for the current period reached ¥2,792,966,875.40, representing a 68.18% increase compared to ¥1,660,668,569.29 in the same period last year[50]. - The net profit for the first half of 2021 was CNY 141,487,529.61, compared to CNY 22,056,825.50 in the same period of 2020, representing a significant increase[196]. - The total profit amounted to CNY 186,469,012.76, up from CNY 49,775,155.43 year-over-year[196]. - The revenue from operating activities reached CNY 171,552,165.36, compared to CNY 55,558,584.14 in the previous year, indicating strong growth[196]. - The basic and diluted earnings per share were both CNY 0.1084, compared to CNY 0.0236 in the prior year[199]. - The company reported a total comprehensive income of CNY 142,762,661.94, compared to CNY 22,811,924.78 in the same period last year[199]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 7,993,562,351.19, reflecting a 12.70% increase compared to the end of the previous year[27]. - The total assets of the company as of June 30, 2021, amounted to ¥3,338,204,440.69, compared to ¥3,041,664,766.81 at the end of 2020, showing an increase of about 9.8%[193]. - The total liabilities as of June 30, 2021, were ¥840,399,841.94, up from ¥564,451,760.05 at the end of 2020, representing an increase of approximately 48.8%[190]. - The company's total liabilities reached approximately CNY 2.42 billion, up from CNY 1.61 billion, indicating an increase of around 50.7%[180]. - The total current liabilities rose to approximately CNY 2.27 billion, compared to CNY 1.53 billion, marking an increase of about 48.5%[180]. Cash Flow - The net cash flow from operating activities was negative at CNY -28,612,577.30, a decrease of 120.09% compared to the same period last year[27]. - The company reported a substantial increase in financing cash flow, reaching ¥300,257,092.67, compared to -¥17,381,387.72 in the previous period, marking a 1,827.46% increase[50]. - The company's cash and cash equivalents increased by 124.19% to ¥103,922,322.43, compared to ¥46,353,666.26 in the previous year[50]. - Cash and cash equivalents decreased from ¥585,259,622.84 at the end of 2020 to ¥457,579,593.38 by June 30, 2021, a decline of approximately 21.8%[184]. Research and Development - Research and development expenses rose by 69.39% to ¥55,818,464.12, up from ¥32,953,138.56, indicating a significant increase in R&D investment[50]. - Research and development expenses were CNY 5,932,094.72, slightly up from CNY 5,334,349.55 year-over-year[200]. Market Position and Strategy - The company focuses on the research, development, and production of neodymium iron boron permanent magnet materials and other new materials, with applications in various industries[36]. - The company is the largest producer and seller of sintered and bonded neodymium-iron-boron permanent magnets in China, with a significant market share in the magnetic materials manufacturing industry[38]. - The company has expanded its market presence, particularly in the electric vehicle sector, establishing a strong reputation and customer base both domestically and internationally[44]. - The company has developed high-performance sintered neodymium-iron-boron magnets for electric vehicles, addressing diverse customer needs in the automotive sector[40]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with specific measures in place to manage emissions of heavy metals and nitrogen oxides[86]. - The company has established a comprehensive air and wastewater treatment system to ensure compliance with environmental standards across its facilities[90]. - The company has received environmental impact assessment approvals for multiple projects, including a new surface treatment production line with an annual capacity of 80,000 square meters and a new water-based paint spraying project with an annual capacity of 138,000 square meters[94]. - The company has successfully completed environmental emergency response plans and regular drills to ensure compliance with environmental regulations[95]. - The company reported no significant asset sales during the reporting period[73]. Corporate Governance - There were changes in the board of directors, with Wang Yanchao being elected as an independent director on April 15, 2021[81]. - The company has not engaged in any employee stock ownership plans or other incentive measures during the reporting period[83]. - The company has no significant related party transactions during the reporting period, ensuring transparency in financial dealings[124]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period, maintaining a stable operational focus[118].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,285,302,612.07, representing a 71.91% increase compared to the same period last year[8]. - The net profit attributable to shareholders was CNY 50,371,592.88, a significant increase of 312.11% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48,329,287.56, up 311.41% from the previous year[8]. - The basic earnings per share for the period was CNY 0.0470, reflecting a 308.70% increase compared to CNY 0.0115 in the same period last year[8]. - Operating revenue for the period was 1.285 billion, an increase of 71.91% compared to the previous period, primarily due to increased market sales[19]. - Operating costs for the period were 1.100 billion, an increase of 71.61% compared to the previous period, corresponding to the increase in market sales[19]. - The net profit for the current period was ¥59,357,862.79, a substantial rise from ¥11,797,291.01 in the previous period, reflecting an increase of approximately 404%[69]. - The earnings per share (EPS) for the current period was ¥0.0470, compared to ¥0.0115 in the previous period, marking an increase of about 309%[72]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,245,635,348.33, a 2.16% increase from the end of the previous year[8]. - The company's total assets amounted to ¥3,115,186,129.85, up from ¥3,041,664,766.81 in the previous period, showing a growth of approximately 2.4%[61]. - The total liabilities of the company were CNY 1,690,294,241.61 as of March 31, 2021, compared to CNY 1,614,221,642.08 at the end of 2020, reflecting an increase of approximately 4.70%[52]. - The total liabilities were ¥629,594,131.44, an increase from ¥564,451,760.05 in the previous period, representing a rise of about 11.5%[61]. Cash Flow - The net cash flow from operating activities was negative CNY 22,086,096.00, a decrease of 111.68% compared to CNY 189,077,425.15 in the same period last year[8]. - Net cash flow from operating activities for the period was -22.09 million, a decrease of 111.68% compared to the previous period, mainly due to increased cash payments for goods purchased[20]. - The cash flow from operating activities shows a net outflow of approximately ¥22.09 million, a decrease from a net inflow of ¥189.08 million in the previous period[109]. - The net cash flow from investing activities for the period was -91.27 million, a decrease of 88.21% compared to the previous period, mainly due to increased cash payments for fixed asset purchases[20]. - The cash flow from investing activities shows a net outflow of approximately ¥91.31 million, compared to ¥48.62 million in the previous period, indicating an increase in investment activities[109]. - The net cash flow from investing activities was -$36,972,699.00, compared to $9,822,739.80 in the previous period[113]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 97,856[12]. - The net assets attributable to shareholders at the end of the reporting period were CNY 4,689,873,573.19, up 1.10% from the previous year[8]. - The company reported a total equity of CNY 5,555,341,106.72 as of March 31, 2021, an increase from CNY 5,478,270,222.41 at the end of 2020, indicating a growth of about 1.41%[55]. Research and Development - R&D expenses for the period were 28.22 million, an increase of 77.91% compared to the previous period, mainly due to increased R&D investment[19]. - Research and development expenses for the current period were ¥28,222,572.40, up from ¥15,863,775.45 in the previous period, reflecting an increase of about 78%[66]. - The company's research and development expenses for the current period are approximately ¥3.13 million, up from ¥2.65 million in the previous period, indicating an increase of about 17.6%[74]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 3,047,453.82 during the reporting period[8]. - Other income for the period was 3.0475 million, a decrease of 63.61% compared to the previous period, mainly due to a reduction in government subsidies recognized as income[20]. Financial Management and Compliance - The company has no reported violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[40][41]. - The company has not engaged in entrusted financial management during the reporting period[39]. - The company did not undergo an audit for the first quarter report[116]. - The company has not applied the new leasing standards for the first quarter of 2021[116].