Financial Performance - The company's operating revenue for the first half of 2022 was ¥503,492,227.89, a decrease of 55.21% compared to ¥1,124,001,081.24 in the same period last year[25]. - Net profit attributable to shareholders was ¥5,340,696.66, an increase of 116.60% from ¥2,465,741.14 in the previous year[25]. - The net cash flow from operating activities was ¥29,139,657.51, down 83.21% from ¥173,593,913.79 in the same period last year[25]. - The basic earnings per share increased to ¥0.0024, up 118.18% from ¥0.0011 in the previous year[25]. - Total assets at the end of the reporting period were ¥4,497,419,949.99, a decrease of 3.20% from ¥4,646,104,470.46 at the end of the previous year[25]. - Total operating revenue for the first half of 2022 was CNY 503,492,227.89, a decrease from CNY 1,124,001,081.24 in the same period of 2021, representing a decline of approximately 55.3%[176]. - Total operating costs for the first half of 2022 amounted to CNY 513,883,574.36, down from CNY 1,097,591,188.13 in the first half of 2021[176]. - The company's total equity as of June 30, 2022, was CNY 2,716,648,629.50, an increase from CNY 2,701,912,645.60 in the first half of 2021, showing a growth of about 0.5%[176]. Cash Flow and Investments - Cash and cash equivalents decreased by 51.36% to approximately $70.22 million, primarily due to the repayment of bank loans[55]. - The company's construction in progress increased by 58.63% to approximately $703.03 million, reflecting increased investment in subsidiary projects[55]. - Cash inflow from financing activities was CNY 249,039,104.40, significantly lower than CNY 7,166,366,472.95 in the same period last year[194]. - The ending cash and cash equivalents balance was CNY 54,532,172.77, compared to CNY 60,857,293.18 at the end of the first half of 2021[194]. - Investment activities generated a net cash inflow of CNY 30,917,718.86, an increase of 15.4% from CNY 26,638,551.94 in the first half of 2021[194]. Risks and Challenges - The company faced risks related to the dependence on the tire downstream industry, fluctuations in raw material prices, and high customer concentration[5]. - The company is focusing on risk management strategies to mitigate potential impacts from major public health events and currency fluctuations[5]. - The company faces risks related to the tire industry's economic conditions, raw material price fluctuations, and high customer concentration[74]. - The company is expanding its international presence, which introduces risks related to geopolitical and economic environments[74]. Research and Development - The company holds 30 national invention patents and 129 utility model patents, showcasing its strong R&D capabilities and commitment to innovation[39]. - The company has established multiple national and provincial high-end R&D institutions, enhancing its technological support and innovation capabilities[44]. - The company has focused on the development of basic equipment manufacturing and high-end equipment manufacturing, particularly in molds and curing machines[42]. - Research and development expenses decreased to CNY 17,903,454.42, down from CNY 23,450,211.98 in the previous year, representing a reduction of 23.5%[184]. Market Position and Products - The company's main products, tire molds, hydraulic vulcanizers, and robots, account for over 95% of total revenue, maintaining a leading position in the domestic market for tire molds and hydraulic vulcanizers[34]. - The hydraulic vulcanizer has seen steady demand growth in the domestic market, with various new models developed, including side plate, frame, four-column, and lock ring types, covering sizes from 42 to 68 inches[34]. - The company launched a new intelligent servo hydraulic vulcanizer that integrates with tire factory MES systems for automated control, significantly reducing auxiliary time in the vulcanization process[34]. Shareholder Information - The largest shareholder, Wu Chaozhong, holds 11.79% of the total shares, with a reduction of 43,900,000 shares during the reporting period[139]. - The total number of shareholders at the end of the reporting period was 194,865, with no significant changes in voting rights among preferred shareholders[139]. - The total number of unrestricted shares increased to 1,933,821,229, representing 87.93% of the total shares after the change[133]. Environmental and Social Responsibility - The company adheres to the ISO14001 environmental management system, continuously improving processes and increasing energy efficiency[91]. - The company actively participates in social welfare activities, including educational donations and poverty alleviation efforts[91]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[87].

Financial Performance - The company's operating revenue for Q1 2022 was ¥276,377,837.02, a decrease of 59.00% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥4,140,083.29, down 36.81% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was -¥14,013,765.33, a decline of 1,898.50% compared to the previous year[3]. - Basic earnings per share decreased by 36.67% to ¥0.0019[3]. - Total operating revenue for the current period is $276.38 million, a decrease of 59.0% compared to $674.10 million in the previous period[25]. - Operating profit for the current period is $5.27 million, compared to $29.91 million in the previous period, indicating a decline of 82.4%[25]. - Net profit for the current period is $3.44 million, a decrease of 83.2% from $20.41 million in the previous period[28]. - Basic earnings per share for the current period is $0.0019, down from $0.0030 in the previous period[31]. - The company reported a tax expense of $1.80 million, down from $9.47 million in the previous period, a decrease of 81.0%[28]. Cash Flow - Net cash flow from operating activities was ¥45,083,356.05, a decrease of 56.16% year-on-year[3]. - Cash flow from operating activities is $45.08 million, a decrease of 56.2% compared to $102.83 million in the previous period[32]. - Net cash flow from investment activities amounted to $43,674,951.56, a significant improvement compared to a net outflow of -$59,973,830.83 in the previous period[35]. - The net cash flow from financing activities was -$61,594,442.02, an improvement from -$94,412,443.48 in the last period[35]. - The ending balance of cash and cash equivalents was $80,172,174.23, compared to $101,892,282.25 in the previous period[35]. - Cash and cash equivalents increased by $26,578,544.30, contrasting with a decrease of -$52,670,053.46 in the prior period[35]. - Cash paid for debt repayment was $188,000,766.26, compared to $6,110,404,238.18 in the last period[35]. - Cash paid for dividends and interest was $19,375,737.35, slightly lower than $22,811,677.73 in the previous period[35]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,505,475,500.25, down 3.03% from the end of the previous year[3]. - The company's current assets totaled ¥1,644,668,609.18, down from ¥1,717,044,322.97, indicating a decrease of about 4.23%[18]. - The total liabilities of the company were ¥2,064,121,279.14, down from ¥2,205,842,833.83, indicating a decrease of approximately 6.39%[21]. - The company's equity attributable to shareholders increased slightly from ¥2,426,886,040.96 to ¥2,428,107,374.82, a growth of about 0.05%[21]. - Accounts receivable decreased from ¥368,373,597.86 to ¥349,965,198.01, a decline of about 4.97%[18]. - The company's short-term borrowings decreased from ¥1,083,919,387.63 to ¥1,002,549,211.45, a decline of about 7.49%[21]. - The company recorded non-recurring gains of ¥18,153,848.62, which included income from financial support fees related to the disposed subsidiary[6]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 96,225[8]. - Shareholders' equity attributable to shareholders was ¥2,428,107,374.82, an increase of 0.05% compared to the end of the previous year[3]. Other Information - The decline in revenue and profit was primarily due to changes in the scope of consolidation following the disposal of a subsidiary in December 2021[7]. - Research and development expenses for the current period are $13.74 million, slightly up from $13.21 million in the previous period[25]. - Other comprehensive income after tax for the current period is -$3.10 million, compared to -$2.92 million in the previous period[28]. - The first quarter report was not audited[36].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[18]. - The company's operating revenue for 2021 was ¥2,208,794,911.54, representing a 31.62% increase compared to ¥1,678,113,239.98 in 2020[26]. - The net profit attributable to shareholders for 2021 was -¥469,132,514.73, a decrease of 192.51% from -¥160,384,305.00 in 2020[26]. - The net cash flow from operating activities increased by 167.67% to ¥303,355,925.39 in 2021, up from ¥113,331,880.13 in 2020[26]. - The total assets at the end of 2021 were ¥4,646,104,470.46, a decrease of 22.62% from ¥6,003,949,133.37 at the end of 2020[26]. - The net assets attributable to shareholders decreased by 16.52% to ¥2,426,886,040.96 at the end of 2021, down from ¥2,907,214,999.37 at the end of 2020[26]. - The basic earnings per share for 2021 was -¥0.2133, a decline of 192.59% compared to -¥0.0729 in 2020[26]. - The company reported a quarterly operating revenue of ¥570,259,312.92 in Q4 2021, with a total annual revenue of ¥2,208,794,911.54[32]. - The net profit attributable to shareholders in Q4 2021 was -¥479,772,436.55, significantly impacted by previous quarters[32]. Market Expansion and Strategy - The company plans to invest RMB 200 million in R&D for new product development in 2022, focusing on smart manufacturing technologies[18]. - The company has set a revenue target of RMB 1.5 billion for 2022, indicating a growth forecast of 25%[18]. - The company is expanding its market presence in Southeast Asia, with plans to establish a new manufacturing facility in Vietnam by mid-2022[18]. - The company has completed the acquisition of a robotics firm for RMB 100 million to enhance its automation capabilities[18]. - The company has accelerated its international expansion, establishing multiple overseas subsidiaries, but faces risks due to geopolitical and economic complexities[122]. - The company anticipates a growth trend in export amounts and overseas business, but is exposed to risks from currency fluctuations that could impact profitability[122]. Research and Development - The company’s R&D investment reached 83.76 million yuan, a year-on-year increase of 23.54%[52]. - The company aims to apply for at least 5 technology patents and 1 software copyright as part of its innovation strategy[82]. - The company has ongoing R&D projects aimed at enhancing automation and intelligence in manufacturing processes, with expected economic benefits of 28 million CNY from completed projects[79]. - The company is developing a parallel intelligent management system to improve production efficiency by over 30% and reduce manual workload by over 40%[79]. Risks and Challenges - The company faces risks related to raw material price fluctuations and high customer concentration, which could impact future performance[6]. - The company faces risks related to the tire industry's economic conditions, which could impact demand for its essential equipment[121]. - Fluctuations in raw material prices pose a risk to the company's performance, with strategies in place to establish long-term relationships with reliable suppliers[121]. - High customer concentration presents a risk, prompting the company to optimize products and expand market reach to mitigate potential impacts on performance[121]. - The ongoing public health crisis has significantly impacted the company's operations and receivables, with the extent of the impact remaining uncertain[125]. Corporate Governance and Management - The company has maintained a stable management team with no resignations or dismissals reported during the term[143]. - The management team includes experienced professionals with backgrounds in engineering, finance, and management, enhancing the company's operational capabilities[145]. - The company has a complete and independent organizational structure, with no overlap with its controlling shareholder's entities[135]. - The company has established a comprehensive corporate governance structure, ensuring accurate and timely information disclosure to protect shareholder and creditor rights[196]. - The company has not faced any penalties from securities regulatory authorities in the past three years[156]. Employee and Social Responsibility - The total number of employees at the end of the reporting period was 2,068, with 1,469 in the parent company and 599 in major subsidiaries[176]. - Employee rights are prioritized, with all employees signing labor contracts and a detailed performance management system in place, ensuring fair compensation and benefits[196]. - The company actively engages in social responsibility initiatives, including educational donations and support for employees in need[199].

Financial Performance - The company's operating revenue for Q3 2021 was ¥514,534,517.38, a decrease of 13.88% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥8,174,180.68, an increase of 49.02% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥730,420.97, up 129.41% compared to the same period last year[3] - Basic earnings per share for Q3 2021 was ¥0.0037, representing a growth of 48.00% year-on-year[3] - Total operating revenue for the current period reached ¥1,638,535,598.62, a 39.1% increase from ¥1,177,782,627.32 in the previous period[25] - Net profit for the current period was ¥53,844,780.91, representing an increase of 16.5% compared to ¥46,098,651.74 in the same period last year[28] - The company reported a basic earnings per share of ¥0.0048, up from ¥0.0043 in the previous period[31] - Total comprehensive income for the current period was ¥46,397,621.24, compared to ¥45,920,310.29 in the previous period, showing stable performance[30] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥226,022,363.73, reflecting an increase of 833.95%[3] - Cash flow from operating activities generated ¥226,022,363.73, a significant recovery from a negative cash flow of -¥30,795,388.25 in the prior period[32] - Cash inflow from investment activities totaled $880.95 million, an increase from $483.44 million in the previous period[35] - Cash outflow for investment activities was $939.09 million, compared to $1.27 billion last year, resulting in a net cash flow from investment activities of -$58.13 million[35] - Cash inflow from financing activities reached $7.51 billion, down from $8.03 billion in the previous year[35] - Cash outflow for financing activities was $7.75 billion, compared to $7.22 billion last year, leading to a net cash flow from financing activities of -$239.20 million[35] - The company's cash and cash equivalents were approximately ¥174.77 million, a significant decrease of about 25.2% from ¥233.94 million at the end of 2020[15] - The company reported a cash and cash equivalents balance of $80.65 million at the end of the period, compared to $79.98 million last year[35] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥5,889,585,883.54, a decrease of 1.90% from the end of the previous year[6] - The company's current assets totaled approximately ¥3.72 billion, down from ¥3.82 billion year-over-year, indicating a decrease of about 2.7%[18] - The total liabilities of the company decreased to approximately ¥2.44 billion, down from ¥2.61 billion, representing a decline of about 6.2%[20] - The company's equity attributable to shareholders increased slightly to approximately ¥2.91 billion from ¥2.90 billion, reflecting a marginal growth of about 0.06%[20] - Current liabilities totaled $2.24 billion, showing a marginal increase from $2.24 billion last year[41] - Total liabilities amounted to $2,605,663,555.12, a decrease of $2,591,074.92 from the previous period[44] - Total equity reached $3,398,285,578.25, remaining unchanged from the previous period[44] - The total assets and liabilities combined were $6,003,949,133.37, reflecting a decrease of $2,591,074.92[44] Operational Performance - The company reported a significant increase in sales revenue from vulcanizing machines, contributing to the overall revenue growth[8] - The company has seen improvements in the operational performance of its overseas subsidiaries compared to last year, positively impacting net profit[8] - The company has adjusted the transfer price for its wholly-owned subsidiary, Giant Wheel (Tianjin) Investment Holdings Co., Ltd., to ¥73.75 million after failing to attract qualified buyers in the first round of bidding[14] - The company plans to continue its asset disposal strategy, with the second round of public transfer scheduled from October 20 to November 2, 2021[14] - The company continues to focus on expanding its market presence and developing new technologies[40] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30] Other Financial Information - The company has implemented new leasing standards affecting the financial statements, requiring adjustments to the balance sheet[36] - The company has implemented new leasing standards since January 1, 2021, adjusting the consolidated financial statement amounts accordingly[44] - The third quarter report was not audited, indicating preliminary financial results[45]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,124,001,081.24, representing a 93.70% increase compared to ¥580,294,113.95 in the same period last year[35] - The net profit attributable to shareholders of the listed company was ¥2,465,741.14, a decrease of 37.99% from ¥3,976,661.46 in the previous year[35] - The net cash flow from operating activities reached ¥173,593,913.79, a significant increase of 37,022.21% compared to ¥467,628.13 in the same period last year[35] - Total assets at the end of the reporting period were ¥5,883,757,558.47, down 2.00% from ¥6,003,949,133.37 at the end of the previous year[35] - The net assets attributable to shareholders of the listed company were ¥2,904,491,310.74, a slight decrease of 0.09% from ¥2,907,214,999.37 at the end of the previous year[35] - The basic earnings per share were ¥0.0011, down 38.89% from ¥0.0018 in the same period last year[35] - The diluted earnings per share were also ¥0.0011, reflecting a 38.89% decrease compared to ¥0.0018 in the previous year[35] - The weighted average return on net assets was 0.08%, a decrease of 0.05% from 0.13% in the same period last year[35] Revenue Breakdown - Revenue from the automotive tire equipment sector was ¥570,432,330.98, accounting for 50.75% of total revenue, with a growth of 91.88% year-on-year[68] - Revenue from modern services increased by 120.98% year-on-year, totaling ¥465,715,542.31, primarily due to increased income from service-oriented factoring business[68] - The hydraulic vulcanizing machine segment saw a revenue increase of 192.17% to ¥362,374,979.13, indicating strong demand[68] Costs and Expenses - Operating costs rose to 943,399,564.91 CNY, reflecting a 125.53% increase, primarily driven by the surge in raw material prices and the corresponding rise in production costs[61] - Research and development expenses rose by 19.05% to ¥27,478,529.98, reflecting the company's commitment to innovation[68] Cash Flow and Liquidity - The company reported a net increase in cash and cash equivalents of -¥93,705,042.53, primarily due to partial repayment of bank loans[68] - Accounts receivable increased by 35.63% to ¥388,302,521.91, attributed to higher sales during the reporting period[73] - The company has a significant amount of short-term interest-bearing liabilities, which could lead to liquidity risks if cash flow does not support financial obligations[94] Market Position and Innovation - The company maintains a leading position in the domestic tire mold and hydraulic vulcanizer market, with over 50% of total revenue derived from these products[45] - The company has developed new types of hydraulic vulcanizers, including side plate, frame, four-column, and locking ring types, covering sizes from 42 inches to 68 inches[49] - The newly launched intelligent servo hydraulic vulcanizer features network communication capabilities, enabling automated control and significantly reducing auxiliary time for vulcanization[49] - The company has made significant breakthroughs in the high-precision RV reducer technology for its robots, achieving international advanced levels[51] - The company’s products are recognized as "high-tech products" by the Guangdong Provincial High-tech Enterprise Association[45] Risks and Challenges - The company faces risks related to reliance on the tire downstream industry, fluctuations in raw material prices, and high customer concentration[7] - The company is exposed to risks related to the cyclical nature of the tire industry and fluctuations in raw material prices, which could impact performance[86] - The company maintains a high customer concentration, which poses a risk if major clients experience adverse conditions[86] - The ongoing major public health event is expected to significantly impact the company's operations and receivables, with the extent of the impact depending on the progression of the pandemic and related control measures[95] Corporate Governance and Management - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[100] - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[99] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[113] - The semi-annual financial report has not been audited as of the reporting date[115] Shareholder Information - The total number of shares before the change was 2,199,395,670, with 100% ownership, and after the change, it remains the same[161] - The number of restricted shares increased by 30,922,500, resulting in a total of 37,407,842 restricted shares at the end of the period[164] - The total number of shareholders holding more than 5% of ordinary shares was 10 at the end of the reporting period[165] - Company executives increased their holdings significantly, with Mr. Zheng Xuxu acquiring 600,000 shares and 10 million shares through different transactions[164]

Financial Performance - The company's operating revenue for Q1 2021 was ¥674,100,544.55, representing a 107.40% increase compared to ¥325,024,390.37 in the same period last year[9]. - The net profit attributable to shareholders was ¥6,551,598.94, a slight increase of 2.23% from ¥6,408,732.69 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥779,189.92, a significant recovery from a loss of ¥1,473,160.98 in the previous year, marking a 152.89% improvement[9]. - The net cash flow from operating activities reached ¥102,830,493.31, up 131.93% from ¥44,336,897.51 in the same quarter last year[9]. - The basic earnings per share for the quarter was ¥0.0030, up 3.45% from ¥0.0029 year-on-year[9]. - The diluted earnings per share also stood at ¥0.0030, reflecting the same percentage increase of 3.45%[9]. - The company reported a net profit of ¥521,552,612.97, up from ¥515,462,194.07, indicating a slight increase in retained earnings[47]. - Net profit for the current period was ¥20,410,690.61, compared to ¥18,571,654.15, representing a growth of 9.9%[60]. - The total comprehensive income for the current period was ¥17,492,723.02, compared to ¥15,524,950.45, reflecting a growth of 12.7%[63]. Revenue and Costs - The company's operating revenue increased by 107.40% year-on-year, primarily due to increased product sales and service income from asset securitization projects[11]. - The company's operating costs increased by 139.15% year-on-year, driven by higher product sales costs and increased costs associated with asset securitization services[12]. - Operating costs amounted to ¥255,320,011.41, up from ¥150,726,758.33, reflecting a 69.2% increase[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,086,361,228.41, reflecting a 1.37% increase from ¥6,003,949,133.37 at the end of the previous year[9]. - The total liabilities increased to ¥2,402,040,390.38 from ¥2,406,635,376.17, indicating a slight decrease in overall liabilities[54]. - The total assets as of January 1, 2021, were $6,006,540,208.29, reflecting an adjustment of $2,591,074.92 due to the implementation of new leasing standards[82]. - The total liabilities increased to $2,608,254,630.04 as of January 1, 2021, with a minor adjustment of $2,591,074.92[89]. - Total liabilities stand at 2,406,635,376.17, with current liabilities totaling 2,351,796,421.05 and non-current liabilities at 54,838,955.12[95]. Cash Flow - Cash inflow from operating activities reached 642,444,482.74, up from 339,114,115.03 in the previous period, representing an increase of approximately 89.5%[71]. - Cash received from sales of goods and services was 615,549,203.85, significantly higher than 313,247,422.99 in the previous period, marking an increase of about 96.7%[71]. - Cash paid for purchasing goods and services was 412,845,635.91, compared to 198,865,510.72 in the previous period, indicating an increase of approximately 107.5%[71]. - The net cash flow from financing activities was -$103,741,592.09, contrasting with a positive cash flow of $139,815,806.82 in the prior year[81]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 99,902, with the largest shareholder holding 17.72% of the shares[13]. - The net assets attributable to shareholders were ¥2,911,262,792.32, a marginal increase of 0.14% from ¥2,907,214,999.37[9]. - Owner's equity totals 2,793,078,032.61, comprised of share capital of 2,199,395,670.00 and retained earnings of 403,718,630.10[95]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥10,081,042.26 during the reporting period[9]. - Other income for the current period was reported at ¥10,130,798.78, compared to ¥9,484,133.24, indicating a positive trend[60]. Financial Adjustments and Standards - The company has not undergone an audit for the first quarter report, which may affect stakeholder confidence[95]. - The report indicates that the new leasing standards have not been applied retrospectively, which could impact financial comparisons[95].

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.68 billion, representing a 19.31% increase compared to ¥1.41 billion in 2019[23]. - The net profit attributable to shareholders for 2020 was a loss of approximately ¥160.38 million, a decrease of 867.01% from a profit of ¥20.91 million in 2019[23]. - The net cash flow from operating activities was approximately ¥113.33 million, down 74.73% from ¥448.42 million in 2019[23]. - The total assets at the end of 2020 were approximately ¥6.00 billion, an increase of 4.46% from ¥5.75 billion at the end of 2019[23]. - The net assets attributable to shareholders decreased by 5.32% to approximately ¥2.91 billion from ¥3.07 billion in 2019[23]. - The basic earnings per share for 2020 was -¥0.0729, a decline of 867.37% from ¥0.0095 in 2019[23]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, amounting to a loss of approximately ¥185.42 million in 2020[23]. - The weighted average return on net assets was -5.36% in 2020, down from 0.68% in 2019[23]. - The company achieved a revenue of 1,678.11 million CNY in 2020, representing a growth of 19.31% compared to the previous year[54]. - The net profit attributable to shareholders was -160.38 million CNY, a decline of 867.01% year-on-year[54]. - The net cash flow from operating activities was 113.33 million CNY, down 74.73% from the previous year[54]. - Total assets increased by 4.46% to 6,003.95 million CNY at the end of the reporting period[54]. Revenue Breakdown - The automotive tire equipment sector generated revenue of ¥688,935,434.33, accounting for 41.05% of total revenue, with a growth of 3.61% from the previous year[62]. - The modern service sector saw a significant increase in revenue to ¥796,160,975.33, which is 47.45% of total revenue, reflecting a growth of 73.44% year-on-year[62]. - The smart equipment manufacturing sector experienced a decline in revenue to ¥136,730,170.16, down 36.25% from ¥214,474,348.92 in 2019[62]. - The company reported a significant increase in the sales volume of automotive tire equipment, reaching 5,431 units, a 19.02% increase from 4,563 units in 2019[69]. Costs and Expenses - In 2020, the cost of raw materials for the automotive tire equipment industry was CNY 348,164,115.27, accounting for 56.17% of operating costs, a decrease of 4.55% compared to 2019[70]. - The salary and welfare expenses in the automotive tire equipment industry increased by 24.92% to CNY 93,223,932.59, representing 15.04% of operating costs[70]. - The main business cost for tire molds was CNY 334,996,436.21, which is 27.27% of operating costs, an increase of 18.62% year-on-year[73]. - The company reported a significant decrease in sales expenses by 34.45%, totaling CNY 36,492,904.33, primarily due to the impact of the COVID-19 pandemic[79]. - Research and development expenses amounted to CNY 68,638,387.25, a decrease of 12.13% compared to the previous year[79]. - The company’s R&D investment was CNY 67,802,357.56, which is 4.04% of operating revenue, down from 5.68% in 2019[83]. Investments and Subsidiaries - The company transferred 48% of its stake in Shanghai Lisheng Financing Leasing Co., Ltd. for CNY 99 million, which is no longer included in the consolidated financial statements[74]. - The company established a new subsidiary, Guangdong Maixun Rui Industrial Co., Ltd., with a registered capital of CNY 100 million, focusing on manufacturing metal cutting machine tools and tire molds[74]. - The subsidiary Hexin (Tianjin) International Commercial Factoring Co., Ltd. reported a net profit of 171.55 million yuan, with total assets of approximately 2.39 billion yuan and operating income of approximately 827.94 million yuan[110]. Market and Product Development - The company has developed new products such as the intelligent servo hydraulic vulcanizing machine, which features network communication capabilities and aims to automate the production process in tire factories[41]. - The company maintains a leading position in the domestic tire mold and hydraulic vulcanizing machine market, with over half of its revenue coming from these core products[38]. - The company focuses on expanding its market presence through the development of automation and intelligent equipment with independent intellectual property rights[39]. - The domestic tire mold market saw a substantial increase in orders, compensating for the decline in international orders due to the pandemic[42]. - The company successfully developed and implemented an "intelligent self-recognition mask fully automated production line" to support domestic mask manufacturers and export to Europe and Asia[56]. Risks and Challenges - The company faces risks related to reliance on the tire downstream industry, fluctuations in raw material prices, and high customer concentration[6]. - The company faces risks related to dependence on the tire industry's economic conditions, which could impact demand for its products[120]. - Fluctuations in raw material prices pose a risk to the company's performance, with potential cost increases affecting profitability[120]. - The company has a high customer concentration, which poses a risk if major clients face operational difficulties without new quality clients being developed[122]. - The company is experiencing liquidity risk due to a significant amount of short-term interest-bearing liabilities, which could affect its ability to meet financial obligations if credit conditions change[123]. - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and receivables, with the extent of the impact remaining uncertain[126]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure, ensuring timely and accurate information disclosure to protect shareholder and creditor rights[172]. - The company has implemented a performance management system and provides training programs to enhance employee skills, ensuring employee rights and welfare are prioritized[172]. - The company does not belong to the key pollutant discharge units as per environmental protection department announcements, and has not faced penalties for environmental violations during the reporting period[176]. - The company has adopted the ISO14001 environmental management system, focusing on waste reduction and energy conservation, achieving compliance with national environmental standards[176]. Shareholder Information - The total number of shareholders at the end of the reporting period was 102,502, an increase from 99,902 at the end of the previous month[196]. - Wu Chaozhong holds 399,740,587 shares, representing 18.18% of total shares, with 76,805,000 shares pledged[196]. - The top five shareholders hold significant stakes, with the largest shareholder, Yue Haijun, owning 4,618,100 shares of common stock[200]. - The company did not issue any new securities during the reporting period[191].

巨轮智能装备股份有限公司 2020 年第三季度报告全文 EBEVLOO INLEFFICENLEGOIDWENLING 2020 年第三季度报告 1 2020 年 10 月 巨轮智能装备股份有限公司 2020 年第三季度报告全文 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。 公司负责人吴潮忠先生、主管会计工作负责人林瑞波先生及会计机构负责 人(会计主管人员)谢光喜先生声明：保证季度报告中财务报表的真实、准确、完 整。 2 巨轮智能装备股份有限公司 2020 年第三季度报告全文 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 | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|----------------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥580.29 million, a decrease of 10.08% compared to ¥645.34 million in the same period last year[23]. - The net profit attributable to shareholders was approximately ¥3.98 million, down 47.01% from ¥7.50 million in the previous year[23]. - The net cash flow from operating activities was approximately ¥467.63 thousand, a significant decline of 99.76% compared to ¥195.61 million in the same period last year[23]. - The basic earnings per share decreased by 47.06% to ¥0.0018 from ¥0.0034 in the same period last year[23]. - The company reported a revenue of 58,029.41 million yuan, a decrease of 10.08% compared to the same period last year[50]. - Net profit attributable to shareholders was 397.67 million yuan, down 47.01% year-on-year[50]. - The net cash flow from operating activities was 46.76 million yuan, a significant decline of 99.76% year-on-year[50]. - The company reported a 100% decline in revenue from financing leasing business due to the transfer of equity in Shanghai Lisheng Financing Leasing Co., Ltd.[66]. - Revenue of Robojob NV decreased by 42.42% year-on-year, with a net profit decline of 209.00%, primarily due to the severe impact of the COVID-19 pandemic[93]. - Revenue of He Xin (Tianjin) International Commercial Factoring Co., Ltd. decreased by 13.09% year-on-year, and net profit decreased by 36.44%, also affected by the COVID-19 pandemic and strategic adjustments[93]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.93 billion, an increase of 3.19% from ¥5.75 billion at the end of the previous year[23]. - The company's cash and cash equivalents decreased by 34.67% compared to the beginning of the period, primarily due to the use of part of the initial guarantee for repaying due notes and bank loans[42]. - Long-term receivables decreased by 98.92% compared to the beginning of the period, mainly due to the transfer of equity in Shanghai Lisheng Financing Leasing Co., Ltd.[42]. - The company's total assets included ¥788,084,081.48 in inventory, representing 13.29% of total assets[68]. - Total assets increased to ¥5,931,019,620.15, up from ¥5,747,755,872.15, representing a growth of approximately 3.2% year-over-year[186]. - Total liabilities rose to ¥2,430,322,099.22, up from ¥2,136,302,736.82, indicating an increase of around 13.8%[183]. - Short-term borrowings increased significantly to ¥1,357,181,203.23 from ¥909,009,103.36, marking a rise of approximately 49.2%[183]. - The company's long-term investments in equity decreased to ¥1,671,641,258.31 from ¥1,767,641,259.31, a decline of about 5.4%[190]. Research and Development - The company has established a strong R&D framework, including a national key enterprise technology center and has received 24 national and provincial science and technology progress awards[44]. - The company’s R&D investment was 23,081.76 million yuan, a decrease of 28.52% compared to the previous year[60]. - The company successfully developed an intelligent self-recognition mask fully automated production line, supporting domestic mask manufacturers and exporting to Europe[54]. - The company is focusing on developing automation and intelligent equipment with proprietary intellectual property rights, particularly in industrial robotics[34]. - Research and development expenses were CNY 26,017,895.58, down 19.2% from CNY 32,159,675.01 in the first half of 2019[197]. Market and Industry Trends - The domestic tire equipment market is recovering, with expectations for a rebound in export proportions as international markets resume operations[41]. - The smart equipment manufacturing industry experienced a revenue decline of 32.10%, primarily due to the impact of COVID-19 on overseas subsidiaries[66]. - Revenue from overseas markets increased by 59.19%, while domestic revenue decreased by 34.73%[63]. - The automotive tire equipment industry reported revenue of ¥297,283,045.69, a year-on-year increase of 11.82%[63]. Risks and Challenges - The company faces risks related to the tire downstream industry, raw material price fluctuations, and high customer concentration[6]. - The company expects significant impacts on its operations and performance due to the ongoing COVID-19 pandemic, with uncertainties regarding the duration and control measures[99]. - The company is enhancing its risk management framework to address potential liquidity risks arising from customer defaults due to the pandemic[99]. - The company is facing risks related to high customer concentration, which could impact performance if major clients experience difficulties[95]. - The company has established long-term relationships with reputable suppliers to mitigate raw material price volatility risks[95]. Corporate Governance and Management - The company held its first extraordinary shareholders' meeting on January 20, 2020, with a participation rate of 23.77%[102]. - The company did not distribute cash dividends or issue bonus shares for the semi-annual period[102]. - The company appointed new senior management, including Mr. Wu Chaozhong as Chairman and Mr. Zheng Xuxu as President[133]. - The company’s independent directors were elected for a term of three years starting from the shareholders' meeting[133]. - The company’s management indicated a strategic focus on optimizing resource allocation and adjusting industrial layout[134]. Miscellaneous - The company has not disclosed any significant new product developments or market expansion strategies in the report[23]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[108]. - The company has not implemented any employee incentive plans during the reporting period[110]. - The company has not conducted any significant related party transactions during the reporting period[111]. - The company has not provided any non-operating fund occupation by controlling shareholders or related parties[118].

Financial Performance - The company's operating revenue for Q1 2020 was ¥325,024,390.37, a decrease of 1.08% compared to ¥328,563,995.77 in the same period last year[9]. - The net profit attributable to shareholders was ¥6,408,732.69, down 6.67% from ¥6,866,966.39 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was -¥1,473,160.98, a decline of 237.58% compared to ¥1,070,750.52 in the previous year[9]. - The basic earnings per share were ¥0.0029, down 6.45% from ¥0.0031 in the same period last year[9]. - The diluted earnings per share were also ¥0.0029, reflecting the same decrease of 6.45% compared to the previous year[9]. - Net profit for the current period was CNY 18,571,654.15, down 30.9% from CNY 26,907,638.45 in the previous period[63]. - The company recorded a total comprehensive income of CNY 15,524,950.45, down from CNY 16,272,695.64 in the previous period[66]. Cash Flow - The net cash flow from operating activities was ¥44,336,897.51, a significant drop of 75.62% from ¥181,866,473.37 in the same period last year[9]. - Cash inflow from operating activities totaled 339,114,115.03, down from 438,687,591.01 in the previous period[74]. - Cash outflow from operating activities was 294,777,217.52, compared to 256,821,117.64 in the previous period[74]. - The net cash flow from operating activities was -15,497,783.80 CNY, a significant decrease compared to 157,607,338.00 CNY in the previous period, indicating a decline in operational performance[81]. - The net cash flow from investing activities decreased by 409.51% compared to the previous period, primarily due to payments made by subsidiaries for commercial insurance business[23]. - The net cash flow from investing activities is -358,486,163.28, compared to a positive 115,824,459.93 in the previous period[74]. - The net cash flow from financing activities is 322,301,178.42, a significant improvement from -964,896,427.85 in the previous period[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,674,191,774.12, a decrease of 1.28% from ¥5,747,755,872.15 at the end of the previous year[9]. - The total liabilities increased from CNY 2,136,302,736.82 to CNY 2,182,677,992.22, marking a growth of approximately 2.17%[47]. - The company's total current liabilities increased from CNY 1,854,983,498.96 to CNY 1,906,980,073.90, reflecting a growth of approximately 2.8%[47]. - The balance of long-term payables at the end of the period increased by 1552.12%, primarily due to a subsidiary's subscription to all subordinate asset-backed securities of "Jianghai Securities - China Railway 10th Bureau - Henghe Credit Supply Chain Financial Phase 1"[23]. - The company's total liabilities amounted to 2,136,302,736.82 CNY, reflecting the financial obligations that need to be managed[91]. Shareholder Equity - The net assets attributable to shareholders were ¥3,074,060,488.14, showing a slight increase of 0.11% from ¥3,070,692,791.61 at the end of the previous year[9]. - The total equity attributable to shareholders increased slightly from CNY 3,070,692,791.61 to CNY 3,074,060,488.14, a growth of approximately 0.11%[50]. - The total equity of the company rose slightly to CNY 2,976,379,374.68 from CNY 2,968,091,073.87, an increase of 0.3%[57]. Operational Costs - Total operating costs increased to CNY 304,914,856.26, up from CNY 304,124,791.10, with operating costs specifically rising from CNY 219,889,687.43 to CNY 243,506,730.78, reflecting an increase of 10.7%[60]. - The company reported a decrease in research and development expenses from CNY 14,649,867.17 to CNY 13,030,259.48, a reduction of 11.0%[60]. - The cash paid for purchasing goods and services was 109,496,871.03 CNY, a significant rise from 33,834,186.41 CNY, indicating increased operational costs[81]. Investment Activities - The company received 99,000,000.00 CNY from investment recoveries, a substantial increase from 6,277,840.00 CNY in the previous period, highlighting successful investment strategies[81]. - The company reported a total of 348,139,045.06 CNY in cash outflows from investment activities, a sharp increase from 5,123,714.03 CNY, suggesting aggressive investment spending[84]. - Cash inflow from investment activities totaled 234,694,188.90 CNY, an increase from 187,105,259.42 CNY in the prior period, reflecting improved investment recovery[84]. Changes in Financial Position - The company's cash and cash equivalents decreased from CNY 225,989,081.23 to CNY 141,070,860.46, a decline of about 37.5%[51]. - The balance of trading financial assets at the end of the period decreased by 92.75%, attributed to a reduction in bank wealth management products held at the end of the period[23]. - The company's inventory increased marginally from CNY 551,666,317.98 to CNY 556,359,379.75, reflecting a growth of about 0.5%[51]. - The company's accounts receivable increased from CNY 284,302,728.94 to CNY 321,899,820.82, indicating a growth of about 13.3%[51]. Regulatory Changes - The company has implemented new revenue recognition standards starting from 2020, resulting in a reclassification of certain liabilities without affecting total assets or equity[96]. - The company has recognized contract liabilities of approximately 152 million due to the new revenue recognition standards[94].