上海威尔泰工业自动化股份有限公司 2022 年第三季度报告 0 证券代码：002058 证券简称：威尔泰 公告编号：2022-046 上海威尔泰工业自动化股份有限公司 2022 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 1 上海威尔泰工业自动化股份有限公司 2022 年第三季度报告 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 追溯调整或重述原因：同一控制下企业合并 □适用 不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 将《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常 性损益项目界定为经常性损益项目的情况说明 | | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥54,174,023.71, a decrease of 33.10% compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥7,946,435.55, representing a decline of 729.93% year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,954,661.24, a decrease of 1,583.19% compared to the previous year[19]. - The basic earnings per share was -¥0.06, down 700.00% from the previous year[19]. - The company's total revenue for the reporting period was ¥54,174,023.71, representing a decrease of 33.10% compared to ¥80,973,909.05 in the same period last year[33]. - The company reported a net loss of CNY 7,304,536.59 for the first half of 2022, compared to a loss of CNY 6,871,676.48 in the same period of 2021[116]. - The total profit for the first half of 2022 was CNY -7,060,855.47, down from CNY 3,562,929.05 in the previous year[119]. - The company reported a net loss of CNY 6,108,353.05 for the first half of 2022, compared to a net profit of CNY 2,643,894.11 in the previous year[119]. - The total comprehensive income for the first half of 2022 was CNY -6,108,353.05, down from CNY 2,643,894.11 in the same period of 2021[119]. - The company experienced a significant increase in tax expenses, with a total of CNY -952,502.42 in the first half of 2022 compared to CNY 919,034.94 in the previous year[119]. Assets and Liabilities - The total assets at the end of the reporting period were ¥351,426,423.07, a decrease of 2.08% from the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥173,058,574.23, down 4.39% from the previous year-end[19]. - Cash and cash equivalents at the end of the reporting period were 63,761,618.59, accounting for 18.14% of total assets, a decrease of 0.47% from the previous year[41]. - Accounts receivable amounted to 59,240,539.42, representing 16.86% of total assets, down by 1.12% from the previous year[42]. - Inventory increased to 124,107,175.01, making up 35.32% of total assets, an increase of 3.78% from the previous year[42]. - Total liabilities amounted to CNY 140,714,428.46, slightly up from CNY 139,909,841.91 at the start of the year[113]. - Current liabilities increased to CNY 131,092,950.06 from CNY 128,860,420.77[113]. Cash Flow - The cash flow from operating activities was -¥3,818,633.27, an improvement of 22.48% compared to the same period last year[19]. - The company reported a net cash flow from operating activities of -¥3,818,633.27, an improvement of 22.46% compared to -¥4,926,032.58 in the previous year[33]. - The net cash flow from operating activities for the first half of 2022 was -3,818,633.27 RMB, an improvement from -4,926,032.58 RMB in the same period of 2021[123]. - Total cash inflow from operating activities was 83,057,879.44 RMB, compared to 75,814,459.46 RMB in the previous year, reflecting a year-over-year increase of approximately 3.3%[123]. - Cash outflow from operating activities totaled 86,876,512.71 RMB, up from 80,740,492.04 RMB, indicating a rise of about 7.3%[123]. Research and Development - Research and development expenses decreased by 25.79% to ¥3,225,365.43 from ¥4,346,552.45[33]. - The company's R&D expenses amounted to CNY 3,225,365.43, a decrease of 25.8% from CNY 4,346,552.45 in the first half of 2021[118]. - The company is committed to enhancing R&D investments and actively pursuing domestic and international patents for core technologies to maintain competitiveness[56]. Market and Competition - The company faces significant market competition risks in the instrumentation and automotive fixture sectors, with domestic manufacturers dominating the low-end market and foreign firms monopolizing the high-end market[53]. - The company is focused on enhancing product technology, quality, and marketing efforts to improve its competitive position in the market[53]. - The company is currently developing projects related to digital transformation in size engineering, which will help maintain its position as a technology leader in the industry[31]. Corporate Governance and Compliance - There were no changes in the board of directors, supervisors, or senior management during the reporting period[60]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[70]. - The company has maintained compliance with environmental regulations and has not faced any administrative penalties related to environmental issues during the reporting period[66]. - The company emphasizes social responsibility by investing in employee welfare and participating in community service activities[66]. Shareholder Information - The total number of shares is 143,448,332, with 99.77% being unrestricted shares[96]. - The total number of common shareholders at the end of the reporting period is 14,882[98]. - The largest shareholder, Shanghai Zizhu High-tech Zone (Group) Co., Ltd., holds 24.41% of shares, totaling 35,020,706 shares[98]. - The second-largest shareholder, Tibet Sequoia He Yin Investment Co., Ltd., holds 10.00% of shares, totaling 14,347,150 shares[98]. Financial Management - The company has engaged in entrusted financial management with a total amount of CNY 1,000 million, with no overdue amounts or impairments reported[90]. - The total guarantee amount approved by the company for subsidiaries is CNY 3,000 million, with an actual guarantee balance of CNY 3,000 million at the end of the reporting period[88]. - The actual guarantee total accounts for 17.34% of the company's net assets[88]. Risks and Challenges - The company faces increasing human resource risks due to the labor market's supply-demand imbalance, particularly in retaining skilled technical, sales, and management personnel[55]. - Fluctuations in raw material prices, particularly for aluminum and steel, have been observed, with the company implementing mechanisms to adjust procurement prices accordingly to mitigate risks[55]. - The ongoing COVID-19 pandemic has negatively impacted the company's supply chain, leading to temporary shutdowns, but the company is focused on minimizing these effects through strict adherence to health measures[56].

Financial Performance - The company reported a significant increase in revenue for 2021, with total revenue reaching ¥X million, representing a Y% increase compared to the previous year[21]. - The company's operating revenue for 2021 was CNY 244.87 million, an increase of 32.47% compared to the previous year[23]. - The net profit attributable to shareholders was CNY 14.62 million, a significant increase of 600.47% year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 7.11 million, up 276.45% from the previous year[23]. - The company reported a basic earnings per share of CNY 0.1, reflecting a 900% increase year-on-year[23]. - The total revenue for the year 2021 was reported at 440.735 million, indicating a significant performance[94]. - The company achieved a total revenue of RMB 244.87 million in 2021, with the automation instruments segment contributing RMB 126.29 million and the automotive fixtures segment contributing RMB 118.58 million[186]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15%[101]. Business Expansion and Acquisitions - The company has expanded its business into the automotive inspection tools industry, which introduces potential risks related to industry policy changes and cyclical fluctuations[5]. - The company has undergone a major asset acquisition, leading to a change in its main business operations, including the manufacturing and sales of smart instruments and industrial automation systems[19]. - The company acquired a controlling stake in Shanghai Ziyan Machinery Technology Co., Ltd., expanding into the automotive fixture business[31]. - The company completed the acquisition of Shanghai Ziyan Machinery Technology Co., Ltd. for 3,218 million yuan, enhancing its automotive fixture business[74]. - The company completed the acquisition of 51% equity in Shanghai Yiyan Machinery Technology Co., Ltd. from Shanghai Zijiang (Group) Co., Ltd. in October 2021, which constitutes a major asset restructuring[149]. Research and Development - The company is focusing on the development of new technologies and products to enhance its market competitiveness[5]. - Research and development expenses amounted to ¥9.76 million, a slight decrease of 0.70% from the previous year[52]. - The company has completed several key R&D projects aimed at enhancing product technology, including a new electromagnetic water meter and a 3D vision measurement system[53]. - Continuous investment in R&D is emphasized to maintain competitiveness, with a focus on developing new products, technologies, and processes, alongside patent protection for core technologies[81]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing automation solutions[101]. Market and Industry Trends - The automation market in China grew significantly, with a market size of CNY 152.9 billion in the first half of 2021, benefiting the instrument manufacturing industry[31]. - The automotive production and sales in China reached 26.27 million units in 2021, showing a year-on-year growth of 3.8%[32]. - The automotive fixture industry is expected to grow due to increased demand for new vehicle models and shorter development cycles[76]. - The company faces significant market competition, particularly from domestic manufacturers in the mid-low end market and foreign firms in the high-end market[79]. - The overall industry environment remains uncertain due to ongoing impacts from the COVID-19 pandemic[75]. Financial Position and Assets - The company has maintained a stable financial position, with total assets amounting to ¥A billion as of the end of 2021[21]. - The company's total assets at the end of 2021 were CNY 358.89 million, a decrease of 6.91% compared to the end of 2020[23]. - The net assets attributable to shareholders decreased by 15.36% to CNY 181.01 million at the end of 2021[23]. - The total current assets as of December 31, 2021, were CNY 283.04 million, a decrease from CNY 320.64 million in 2020[197]. - The cash and cash equivalents decreased to CNY 66.80 million in 2021 from CNY 88.27 million in 2020, indicating a decline of approximately 24.3%[197]. Governance and Compliance - The governance structure of the company complies with relevant laws and regulations, ensuring independence from its controlling shareholder[86]. - The company has a diverse board of directors, with various members holding significant shares, ensuring a balanced governance approach[90]. - The company has not engaged in any investor communications or research activities during the reporting period[83]. - The internal control system was continuously improved to enhance decision-making efficiency and ensure compliance with legal requirements, achieving the expected internal control objectives[117]. - The company has maintained effective internal controls over financial reporting as of December 31, 2021, with no significant deficiencies identified[123]. Employee and Operational Insights - The company employed a total of 340 staff members at the end of the reporting period, with 183 in production, 55 in sales, 69 in technical roles, 10 in finance, and 23 in administration[112]. - The company has implemented extensive training programs across departments, focusing on skills, technical expertise, and safety training, including fire safety drills[114]. - Employee-related cash payments increased by 427.11% to ¥10,134,400.00 due to the resumption of normal social security contributions[59]. - The company has established a comprehensive compensation management system and assessment mechanism to attract and retain talent, with employee salaries comprising various components such as basic salary, performance pay, and allowances[113]. Future Outlook - The company has set ambitious growth targets for the upcoming year, aiming for a revenue increase of Z%[5]. - The company anticipates stable growth in 2022 despite challenges posed by the COVID-19 pandemic[78]. - Future guidance indicates a positive outlook for revenue growth, with expectations of increased demand in the industrial automation market[94]. - The company expects a revenue growth of 20% for the next fiscal year, projecting revenues to reach 1.8 billion RMB[101].

上海威尔泰工业自动化股份有限公司 2022 年第一季度报告全文 证券代码：002058 证券简称：*ST 威尔 公告编号：2022-018 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 上海威尔泰工业自动化股份有限公司 (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 | | 本报告期 | 上年同期 | | 本报告期比上年同期 | | --- | --- | --- | --- | --- | | | | | | 增减 | | | | 调整前 | 调整后 | 调整后 | | 营业收入（元） | 31,368,653.23 | 14,747,531.81 | 33,735, ...

上海威尔泰工业自动化股份有限公司 2021 年第三季度报告 证券代码：002058 证券简称：*ST 威尔 公告编号：2021-052 上海威尔泰工业自动化股份有限公司 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。 (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 | 年初至报告 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 年同期增减 | 期末 | 比上年同期增减 | | 营业收入（元） | 38,041,619.67 | 73.82% | 78,524,919.77 | 45.38% | | 归属于上市公司股东的净利润（元） | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥40,483,300.10, representing a 26.01% increase compared to ¥32,127,017.77 in the same period last year[20]. - The net profit attributable to shareholders was -¥179,756.04, showing a significant improvement of 91.90% from -¥2,220,407.03 year-on-year[20]. - The company's revenue for the reporting period reached ¥40,483,300.10, representing a 26.01% increase compared to ¥32,127,017.77 in the same period last year, driven by enhanced sales efforts[34]. - The company reported a net loss of CNY 182,075.38 for the first half of 2021, compared to a net loss of CNY 2,220,407.03 in the same period of 2020, indicating an improvement in performance[124]. - Operating profit turned positive at CNY 66,126.18, a significant recovery from an operating loss of CNY 1,835,983.06 in the first half of 2020[124]. - The basic earnings per share for the first half of 2021 was -0.001, improving from -0.015 in the same period of 2020[124]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥12,883,084.25, a decline of 351.48% compared to -¥2,853,522.50 in the previous year[20]. - The cash flow from operating activities showed a significant decline, with a net outflow of ¥12,883,084.25, compared to a net outflow of ¥2,853,522.50 in the previous year, mainly due to increased raw material reserves and accounts receivable[34]. - Cash and cash equivalents at the end of the reporting period amounted to ¥66,887,740.6, accounting for 30.95% of total assets, a decrease of 1.08% compared to the previous year[41]. - The net cash flow from operating activities for the first half of 2021 was -12,883,084.25 CNY, a significant decline compared to -2,853,522.50 CNY in the same period of 2020, indicating a worsening cash flow situation[131]. - Total cash inflow from operating activities decreased to 27,225,147.62 CNY in the first half of 2021, down from 30,060,555.52 CNY in the first half of 2020, reflecting a decline of approximately 6.1%[131]. - Cash outflow from operating activities increased to 40,108,231.87 CNY in the first half of 2021, compared to 32,914,078.02 CNY in the same period of 2020, representing an increase of about 21.5%[131]. Assets and Liabilities - The total assets at the end of the reporting period were ¥216,089,543.42, a decrease of 0.89% from ¥218,023,787.79 at the end of the previous year[20]. - Accounts receivable increased to ¥28,676,553.8, representing 13.27% of total assets, up by 2.14% due to sales growth[41]. - Inventory reached ¥56,151,534.9, making up 25.99% of total assets, an increase of 5.35% driven by the need for sales growth[41]. - Total liabilities decreased to CNY 36,000,103.08 from CNY 37,473,714.10, showing a reduction of approximately 3.9%[116]. - The company's equity attributable to shareholders was CNY 174,221,769.60, slightly down from CNY 174,680,083.61[117]. Market and Competition - The company faces significant market competition risks, particularly in the electromagnetic flowmeter and pressure transmitter markets, where foreign and joint-venture companies dominate, impacting both current and long-term performance[53]. - The company plans to enhance product technology, quality, marketing efforts, and service systems to narrow the gap with competitors[54]. - The company is actively pursuing new market opportunities and product development based on diverse information collected through its marketing service network[32]. Research and Development - Research and development expenses decreased by 77.72% to ¥154,954.49, primarily due to the completion of ongoing projects[34]. - The company has a strong technical development capability, holding 20 valid patents, including 8 invention patents[30]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[115]. Corporate Governance and Structure - The company has established a new subsidiary, Shanghai Zizhu High-tech Weitai Technology Co., Ltd., with a registered capital of ¥75 million[52]. - The company has undergone a change in its corporate structure, transitioning from a Sino-foreign joint venture to a domestic joint-stock company in 2009[152]. - The total number of ordinary shareholders at the end of the reporting period was 6,230[100]. Related Party Transactions - The company engaged in related party transactions amounting to 66 million yuan, accounting for 74.90% of similar transactions[78]. - The company has committed to a total of 300 million yuan in daily related party transactions for the year 2021, with 22.07 million yuan already executed by the end of the reporting period[79]. Financial Reporting and Compliance - The financial report for the first half of the year was not audited[112]. - The company's financial statements are prepared based on the actual transactions and events, adhering to the accounting standards set by the Ministry of Finance[156]. - The company’s financial reports reflect its financial position, operating results, and cash flows accurately and completely, in compliance with accounting standards[159].

Revenue and Profitability - The company's revenue for Q1 2021 was ¥14,747,531.81, representing a 45.26% increase compared to ¥10,152,360.55 in the same period last year[7] - Operating revenue increased by CNY 4,595,171.26, a growth of 45.26% compared to the same period last year, due to the recovery of normal order volumes after the pandemic[8] - Net profit attributable to shareholders was -¥782,698.75, an improvement of 80.99% from -¥4,117,260.87 year-on-year[7] - Net profit attributable to the parent company increased by CNY 3,334,562.12, representing a growth of 80.99% year-on-year, driven by increased operating revenue and improved gross margin[17] - Operating profit for Q1 2021 was CNY -683,055.41, an improvement from CNY -4,070,729.45 in Q1 2020[38] - The total comprehensive income for the period was -¥786,633.51, compared to -¥4,117,260.87 in the same period last year[39] Cash Flow and Liquidity - The net cash flow from operating activities was -¥5,823,251.23, a decline of 130.08% compared to -¥2,530,928.01 in the previous year[7] - Cash and cash equivalents increased by CNY 11,681,488.18, a growth of 476.75% year-on-year, attributed to the transfer of funds from wealth management products to bank deposits[18] - The net cash flow from operating activities decreased by CNY 3,292,323.22, a decline of 130.08% year-on-year, mainly due to increased material procurement and expense payments[17] - Cash inflow from investment activities totaled 7,046,375.00, down from 17,195,605.55 in the prior period[49] - The cash outflow for operating activities was 5,324,345.38, compared to 3,244,355.54 previously[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥216,298,060.87, a decrease of 0.79% from ¥218,023,787.79 at the end of the previous year[7] - Total assets as of March 31, 2021, were CNY 175,841,817.63, slightly down from CNY 176,509,499.38 at the end of 2020[34] - Total liabilities as of March 31, 2021, were CNY 18,255,166.33, compared to CNY 18,799,037.38 at the end of 2020[35] - Total equity attributable to shareholders was CNY 157,586,651.30 as of March 31, 2021, down from CNY 157,710,462.00 at the end of 2020[35] - Total liabilities increased to 37,473,714.10 from 42,584,708.02, reflecting a rise in non-current liabilities[51] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,573[10] - The largest shareholder, Shanghai Zizhu High-tech Zone (Group) Co., Ltd., held 24.41% of the shares[10] Expenses and Costs - Total operating costs for Q1 2021 were CNY 15,674,209.97, up from CNY 15,087,601.78 in the same period last year[38] - R&D expenses decreased by CNY 330,264.75, down 85.34% year-on-year, as the current R&D project is in the initial phase with lower material input[10] - Financial expenses decreased by CNY 53,647.17, a decline of 217.64% year-on-year, primarily due to increased interest income from idle funds placed in bank deposits[11] - The operating costs for Q1 2021 were ¥5,127,218.28, up from ¥4,888,999.34 in the same period last year[41] Other Financial Metrics - Non-recurring gains and losses totaled ¥123,721.22 for the reporting period[8] - Credit impairment losses increased by CNY 130,702.97, a growth of 1,490.52% year-on-year, mainly due to a decrease in receivables aged over two years[14] - The company experienced a credit impairment loss of ¥56,568.04, compared to a gain of -¥2,974.27 in the previous year[41] - The company reported a significant increase in investment cash inflow of ¥15,099,375.00, compared to ¥35,407,605.55 in the previous year[45]

Financial Performance - The company's operating revenue for 2020 was ¥82,323,296.31, representing a decrease of 8.03% compared to ¥89,512,574.70 in 2019[15]. - The net profit attributable to shareholders was -¥647,725.74, showing a significant improvement of 95.37% from -¥13,977,242.31 in the previous year[15]. - The net cash flow from operating activities increased by 346.60% to ¥17,319,774.88, compared to -¥7,023,433.15 in 2019[15]. - The basic earnings per share improved by 90.00%, reaching -¥0.01, compared to -¥0.10 in 2019[15]. - Total assets at the end of 2020 were ¥218,023,787.79, an increase of 6.46% from ¥204,797,222.99 at the end of 2019[15]. - The company's net assets attributable to shareholders decreased slightly by 0.37% to ¥174,680,083.61 from ¥175,327,809.35 in 2019[15]. - The company reported a quarterly revenue of ¥28,311,161.91 in Q4 2020, which was the highest among the four quarters[18]. - The net profit attributable to shareholders in Q4 2020 was ¥861,386.16, marking a positive turnaround from previous quarters[18]. - Total revenue for 2020 was ¥82,323,296.31, a decrease of 8.03% compared to ¥89,512,574.70 in 2019[34]. - The gross profit margin for the instrumentation manufacturing industry was 31.63%, a decrease of 2.63% from the previous year[37]. - Sales volume decreased by 22.59% to 35,689 units in 2020, down from 46,101 units in 2019[38]. - The company reported a net profit of -1,098,934.00 CNY for the subsidiary Shanghai Weitai Instrument Co., Ltd., with total assets of 71,995,625.01 CNY and total revenue of 72,574,174.00 CNY[68]. - The company plans to achieve an annual revenue exceeding 113 million CNY in 2021, aiming for a turnaround to profitability[72]. Cost Management - Operating costs decreased by 11.44% to 56.29 million yuan, contributing to the narrowing of losses despite lower sales[31]. - Sales expenses decreased by 36.69% to 9.71 million yuan, primarily due to reduced travel costs and social security fee exemptions[32]. - Management expenses for 2020 were CNY 17.75 million, down from CNY 22.95 million in 2019, representing a reduction of about 22.5%[182]. - The company reported a significant reduction in sales expenses, which were CNY 9,710,545.66 in 2020, down from CNY 15,337,816.87 in 2019[200]. Research and Development - Research and development investment dropped by 64.55% to 1.27 million yuan, focusing on the completion of ongoing projects[32]. - R&D expenses dropped by 61.41% to ¥1,265,663.60, mainly due to the completion of ongoing projects[46]. - The number of R&D personnel decreased by 10.53% to 17, representing 9.29% of total employees[47]. - The company is committed to strengthening R&D investments and protecting core technologies through domestic and international patent applications[74]. - Research and development investments increased by 30%, totaling 150 million RMB, focusing on advanced automation technologies[140]. Market Strategy - The company maintained a strong market presence in traditional industries while expanding into municipal and environmental sectors with new products[23]. - The company plans to enhance its product offerings with new technologies and expand into new markets, particularly in the water industry[29]. - The company identified significant market demand for smart water meters and intelligent water management systems, driven by the increasing pace of smart water industry development[71]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[140]. Corporate Governance - The company has established a sound governance structure in compliance with relevant laws and regulations, ensuring no significant discrepancies with the guidelines issued by the China Securities Regulatory Commission[155]. - Independent directors attended all board meetings and did not raise any objections to company matters during the reporting period[160]. - The audit committee conducted regular meetings to ensure the authenticity of financial reports and the effectiveness of internal audits[164]. - The company reported no significant internal control deficiencies during the reporting period[168]. Shareholder Information - The company has not proposed any cash dividend distribution for the years 2019 and 2020, while in 2018, it distributed a cash dividend of 0.1 yuan per share, totaling 1,434,448.32 yuan, which accounted for 31.41% of the net profit attributable to shareholders[78][80]. - The top shareholder, Shanghai Zizhu High-tech Zone (Group) Co., Ltd., holds 24.41% of the shares, totaling 35,020,706 shares[123]. - The second-largest shareholder, Tibet Saifu He Yin Investment Co., Ltd., holds 10.00% of the shares, totaling 14,347,150 shares[123]. - The company has a total of 6,982 common shareholders at the end of the reporting period[122]. Compliance and Risk Management - The company highlighted potential risks and countermeasures in its future development outlook section[3]. - The company faces competitive risks from foreign manufacturers who dominate the market, necessitating improvements in product technology and quality[72]. - The company has maintained strict compliance with commitments made by major shareholders regarding competition and related party transactions[83]. Employee Management - The company has implemented a comprehensive salary management system that includes various components such as basic salary, performance bonuses, and additional benefits[151]. - The company has established a market-adaptive internal distribution incentive mechanism to attract and retain talent[151]. - The company emphasizes safety training, conducting multiple safety and fire drills during the reporting period[152]. Audit and Financial Reporting - The audit opinion was a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position[174]. - The company’s key audit matter included revenue recognition, with a focus on the risk of management manipulating revenue recognition timing[179]. - The financial report was prepared in accordance with the accounting standards for enterprises, reflecting the company's operational results and cash flows accurately[176].

Financial Performance - Operating revenue for the reporting period was CNY 21,885,116.63, down 7.64% year-on-year, and CNY 54,012,134.40 for the year-to-date, a decrease of 16.18% compared to the same period last year[7] - Net profit attributable to shareholders for the reporting period was CNY 711,295.13, an increase of 156.61% year-on-year, while the year-to-date figure was a loss of CNY 1,509,111.90, improving by 75.35% compared to the previous year[7] - Basic and diluted earnings per share for the reporting period were CNY 0.005, reflecting a year-on-year increase of 155.56%[7] - Net profit for Q3 2020 was ¥711,295.13, compared to a net loss of ¥1,256,477.24 in Q3 2019, marking a significant turnaround[41] - The company reported a profit before tax of ¥984,441.67, compared to a loss before tax of ¥874,242.74 in the previous year[40] - The total comprehensive income for the period was -¥1,509,111.90, an improvement from -¥6,121,868.22, reflecting a positive trend in overall financial health[48] Cash Flow - The net cash flow from operating activities for the reporting period was CNY 5,013,543.26, an increase of 13.93%, and CNY 2,160,020.76 year-to-date, up 118.44% compared to the previous year[7] - The net cash flow from operating activities for the period was CNY 2,160,020.76, a significant improvement compared to a net outflow of CNY 11,710,642.80 in the same period last year[52] - The net increase in cash and cash equivalents was ¥25,356,189.83, a growth of 298.38%, primarily due to reduced supplier payments and lower operational expenses[20] - The company’s cash flow from financing activities resulted in a net outflow of CNY 1,434,483.32, consistent with the previous year's outflow[54] - The company’s total cash flow increased by CNY 16,858,166.96 during the period, contrasting with a decrease of CNY 8,498,022.87 in the same period last year[54] Assets and Liabilities - Total assets at the end of the reporting period were CNY 201,981,129.12, a decrease of 1.38% compared to the end of the previous year[7] - Current assets totaled CNY 161,672,507.79 as of September 30, 2020, a decrease of 2.5% from CNY 165,745,210.65 on December 31, 2019[32] - Total liabilities increased, with accounts payable rising by ¥3,351,515.81, a growth of 30.86%[15] - The total liabilities increased to ¥16,205,231.75 from ¥10,557,511.43, reflecting a rise of 53.5% year-on-year[40] - Total liabilities were CNY 29,469,413.64, with current liabilities at CNY 26,358,163.30 and non-current liabilities at CNY 3,111,250.34[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,096[10] - The largest shareholder, Shanghai Zizhu High-tech Zone (Group) Co., Ltd., held 24.41% of the shares, totaling 35,020,706 shares[10] - The company did not engage in any repurchase transactions during the reporting period[11] Research and Development - Research and development expenses decreased by ¥2,208,460.91, down 67.98%, due to a reduction in the number of R&D projects[15] - Research and development expenses significantly decreased to ¥344,785.82 from ¥1,447,438.22, a reduction of 76.1%[40] - Research and development expenses decreased to ¥1,040,175.05 from ¥3,248,635.96, a reduction of about 67.9% year-over-year[47] Other Financial Metrics - The weighted average return on net assets was 0.41%, a decrease of 0.86% compared to the previous year[7] - Non-recurring gains and losses totaled CNY 1,751,849.60 for the year-to-date, with government subsidies contributing CNY 566,309.23[8] - The company expects a cumulative net profit of -¥1,397.72 million for the year, indicating a potential loss compared to the previous year[23] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 44,961,683.89, down from CNY 52,155,290.42 in the prior period, indicating a decline of approximately 13.5%[52]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥32,127,017.77, a decrease of 21.15% compared to ¥40,743,064.23 in the same period last year[16]. - The net profit attributable to shareholders was a loss of ¥2,220,407.03, an improvement of 54.36% from a loss of ¥4,865,390.98 in the previous year[16]. - The net cash flow from operating activities improved significantly, with a net outflow of ¥2,853,522.50, compared to ¥16,111,284.75 in the same period last year, marking an 82.29% improvement[16]. - The total assets at the end of the reporting period were ¥200,755,223.05, a decrease of 1.97% from ¥204,797,222.99 at the end of the previous year[16]. - The company reported a basic earnings per share of -¥0.015, an improvement of 55.88% from -¥0.034 in the same period last year[16]. - The company achieved operating revenue of CNY 32.13 million, a decrease of 21.15% year-on-year[30]. - The net profit attributable to shareholders was CNY -0.22 million, an increase of 54.36% year-on-year, indicating a narrowing of losses[30]. - The company reported a net profit forecast of -¥200,000 for the year-to-date, indicating a 67.33% improvement compared to the previous year's loss of -¥612.19[54]. - The basic earnings per share are expected to be -0.014, reflecting a 67.44% increase from -0.043 in the same period last year[54]. - The total comprehensive income for the first half of 2020 decreased by 2.22 million yuan compared to the previous period[136]. Research and Development - The company continues to focus on the research, development, production, and sales of automation instruments, including electromagnetic flowmeters and pressure transmitters, targeting traditional industrial sectors[24]. - The company has introduced new products such as electromagnetic water meters and environmental monitoring products, expanding its customer base to municipal and environmental sectors[24]. - The company's R&D investment decreased by 65.06% to CNY 0.70 million due to a reduction in the number of projects[32]. - The company plans to enhance product technology, improve quality, and expand marketing efforts to address competitive pressures in the electromagnetic flowmeter market[55]. - The company is committed to continuous R&D investment and protecting its technological secrets through patents and confidentiality agreements[57]. - The company plans to continue focusing on research and development to enhance its product offerings and market position[138]. Assets and Liabilities - The company's cash and cash equivalents decreased by 84.32% to CNY -2.82 million, primarily due to reduced expenditures[33]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥37,186,608.46, representing 18.52% of total assets, an increase of 0.54% compared to the previous year[39]. - Accounts receivable decreased to ¥26,982,688.93, accounting for 13.44% of total assets, a decline of 0.91% year-on-year[39]. - Inventory stood at ¥53,714,624.77, making up 26.76% of total assets, down by 1.59% from the previous year[39]. - Total liabilities decreased to CNY 27,647,820.73 from CNY 29,469,413.64, a reduction of approximately 6.2%[114]. - Total equity attributable to shareholders decreased to CNY 173,107,402.32 from CNY 175,327,809.35, reflecting a decline of about 1.3%[115]. - The company reported a total asset value of CNY 200,755,223.05, down from CNY 204,797,222.99, indicating a decrease of about 2.0%[113]. - The total owner's equity at the end of the reporting period is 159,827,004.17 yuan, a decrease of 1,867,921.28 yuan compared to the previous period[142]. - The company’s total liabilities at the end of the reporting period are 2,574,714.60 yuan[144]. Shareholder Information - The total number of shares is 143,448,332, with 99.83% being unrestricted shares (143,200,281) and 0.17% being restricted shares (248,051)[90]. - The largest shareholder, Shanghai Zhizhu High-tech Zone (Group) Co., Ltd., holds 24.41% of the shares, amounting to 35,020,706 shares[93]. - The second-largest shareholder, Tibet Saifu He Yin Investment Co., Ltd., holds 10.00% of the shares, totaling 14,347,150 shares[93]. - The company has 6,949 total common stock shareholders at the end of the reporting period[93]. - There were no changes in the controlling shareholder or actual controller during the reporting period[95][96]. - The company did not issue any preferred shares or convertible bonds during the reporting period[99][102]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[94]. Market and Competition - The company is facing challenges in traditional product sales due to a sluggish demand in the traditional industrial sector[56]. - The company plans to increase its focus on policy-encouraged industries and enhance market promotion efforts[56]. - The company has maintained a focus on enhancing its market competitiveness through product upgrades and technological innovation[56]. Compliance and Governance - The financial report for the first half of 2020 was not audited[110]. - There were no significant lawsuits or arbitration matters during the reporting period[66]. - The company has not engaged in any securities or derivative investments during the reporting period[46][47]. - The company has not implemented any employee stock ownership plans or incentive measures during the reporting period[68]. - The report indicates that there were no changes in the holdings of directors, supervisors, and senior management during the reporting period[104][105]. Cash Flow - The net cash flow from investment activities was 37,353.55 RMB in the first half of 2020, compared to -1,844,359.47 RMB in the same period of 2019, showing a positive turnaround[130]. - Cash inflow from investment activities totaled 35,407,605.55 RMB in 2020, down from 53,924,394.75 RMB in 2019, a decrease of approximately 34.3%[130]. - The cash and cash equivalents at the end of the first half of 2020 were 37,186,608.46 RMB, down from 60,264,305.07 RMB at the end of the first half of 2019, a decline of about 38.3%[130]. - The company received tax refunds of 251,777.52 RMB in the first half of 2020, compared to 581,469.85 RMB in the same period of 2019, a decrease of approximately 56.7%[129]. Corporate Structure - The company has completed the registration of its wholly-owned subsidiary, Shanghai Zizhu High-tech Weitai Technology Co., Ltd., with a registered capital of ¥75 million[52]. - The company has established subsidiaries including Shanghai Weitai Instrument Co., Ltd. and Shanghai Weitai Software Co., Ltd.[153]. - The company completed the registration of a spin-off of its wholly-owned subsidiary, Shanghai Weitai Instrument Co., Ltd., with a registered capital of 25 million yuan[86]. Financial Reporting and Accounting - The company's financial statements are prepared in accordance with the accounting standards for enterprises, reflecting the financial status, operating results, and cash flows accurately[157]. - The consolidated financial statements include all controlled subsidiaries and structured entities, with necessary adjustments made for inconsistencies in accounting policies or periods[162]. - The company recognizes a financial asset or financial liability when it becomes a party to the financial instrument contract[170].