Financial Performance - Revenue for Q3 2022 was CNY 370,569,921.77, a decrease of 10.55% year-over-year[4] - Net profit attributable to shareholders decreased by 89.07% to CNY 6,247,540.94 in Q3 2022[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 95.74% to CNY 2,358,857.76 in Q3 2022[4] - Year-to-date net profit attributable to shareholders reached CNY 408,002,362.03, an increase of 380.96% compared to the same period last year[9] - Year-to-date net profit after deducting non-recurring gains and losses decreased by 73.16%[10] - Total operating revenue for the period was ¥1,062,115,716.15, a decrease of 11.36% compared to ¥1,198,187,608.16 in the previous period[19] - Net profit for the period reached ¥408,292,672.38, a significant recovery from a net loss of ¥144,970,116.31 in the previous period[20] - The total comprehensive income for the period was ¥408,292,672.38, recovering from a loss of ¥144,970,116.31 in the previous period[20] Cash Flow - Year-to-date net cash flow from operating activities was CNY -109,511,870.73, a decrease of 237.91%[11] - Cash flow from operating activities showed a net outflow of ¥109,511,870.73, contrasting with a net inflow of ¥79,409,667.55 in the previous period[21] - The net cash flow from investment activities was -209,686,218.35 CNY, a decrease of 67,041,727.79 CNY compared to the previous period[23] - Cash inflow from financing activities totaled 480,000,000.00 CNY, compared to 267,500,000.00 CNY in the prior period, indicating a 79.2% increase[23] - The net cash flow from financing activities was -15,412,404.68 CNY, a decrease of 2,812,809.32 CNY compared to the previous period[23] - The company reported a net decrease in cash and cash equivalents of -334,610,493.76 CNY during the quarter[23] - The total cash and cash equivalents at the end of the period were 95,435,858.10 CNY, down from 430,046,351.86 CNY at the beginning of the period[23] - The cash outflow from investment activities amounted to 576,929,004.55 CNY, compared to 72,820,863.73 CNY in the previous period[23] Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 2,736,994,211.76, an increase of 16.08% from the end of the previous year[4] - Current assets decreased to CNY 1,118,305,306.90 from CNY 1,268,188,845.73, primarily due to a reduction in cash and cash equivalents[17] - Inventory increased to CNY 546,651,621.56 from CNY 461,466,268.43, indicating a growth of approximately 18.5%[17] - Total liabilities decreased slightly to CNY 1,366,815,540.76 from CNY 1,395,891,500.03, reflecting a reduction in current liabilities[18] - The company has a total of 1,618,688,904.86 in non-current assets, up from 1,089,588,652.92 at the beginning of the year[18] - The total equity remained stable at CNY 1,370,178,670.00, with no changes in the share capital of CNY 532,173,689.00[18] Shareholder Information - The number of common stock shareholders at the end of the reporting period was 48,093[15] - The largest shareholder, Dongli Holding Group Co., Ltd., holds 26.03% of the shares, with a total of 138,500,000 shares[15] - The company reported that major shareholders have pledged a significant portion of their shares, indicating potential liquidity concerns[15] Earnings Per Share - The company reported a basic and diluted earnings per share of CNY 0.01, down 90.91% year-over-year[4] - Basic and diluted earnings per share were both ¥0.77, compared to a loss of ¥0.27 per share in the previous period[21] Research and Development - Research and development expenses were ¥47,858,323.23, slightly down from ¥49,606,275.23 in the previous period[19] Other Information - The chairman of the board is Song Jilong[25] - The report for the third quarter was not audited[24] - The weighted average return on net assets was 0.44%, a decrease of 12.18 percentage points compared to the same period last year[4] - The company reported a significant increase in accounts receivable, rising to CNY 362,605,267.04 from CNY 228,425,806.28, representing a growth of approximately 58.5%[17] - Investment income for the period was ¥322,309,963.03, a substantial increase from ¥3,792,934.68 in the previous period[21] - The company reported a significant increase in investment income from joint ventures, amounting to ¥1,708,546.20 compared to ¥1,605,980.93 previously[20]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥691,545,794.38, a decrease of 11.78% compared to ¥783,925,399.05 in the same period last year[20]. - The net profit attributable to shareholders was ¥401,754,821.09, a significant increase of 298.53% from a loss of ¥202,368,784.91 in the previous year[20]. - Basic earnings per share increased to ¥0.75, compared to a loss of ¥0.38 per share in the same period last year, marking a 297.37% improvement[20]. - The net profit excluding non-recurring gains and losses was CNY 36.22 million, a decrease of 59.01% compared to the previous year[33]. - The total profit for the first half of 2022 was CNY 412,472,411.68, contrasting with a total loss of CNY 188,031,703.31 in the previous year[139]. - The company reported a net loss of CNY 297,216,445.01 for the first half of 2022, an improvement from a loss of CNY 698,971,266.10 in the same period last year[132]. - The total comprehensive income for the first half of 2022 was CNY 401,915,411.30, compared to a comprehensive loss of CNY 202,113,332.26 in the same period of 2021[144]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥147,901,873.88, a decline of 894.64% compared to ¥18,612,520.77 in the same period last year[20]. - The company's cash and cash equivalents decreased by 2.98% to CNY 441.02 million, representing 16.74% of total assets[48]. - Cash and cash equivalents at the end of the first half of 2022 stood at 409,747,627.33 CNY, down from 56,476,642.69 CNY at the end of the first half of 2021[146]. - The company reported a total cash outflow from financing activities of 282,827,605.35 CNY in the first half of 2022, compared to 239,699,573.68 CNY in the same period of 2021[146]. - The net cash flow from financing activities was -10,827,605.35 CNY in the first half of 2022, slightly improved from -12,199,573.68 CNY in the first half of 2021[146]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,635,215,405.87, an increase of 11.77% from ¥2,357,777,498.65 at the end of the previous year[20]. - The company's total liabilities decreased to CNY 1,271,413,995.95 from CNY 1,395,891,500.03, showing improved financial stability[132]. - The net assets attributable to shareholders rose to ¥1,361,022,643.47, reflecting a growth of 41.86% from ¥959,380,661.16 at the end of the previous year[20]. - Accounts receivable increased by 2.06% to CNY 309.66 million, which is 11.75% of total assets, due to an increase in project-related receivables[48]. - Inventory rose to CNY 527.96 million, up 0.46% from the previous year, making up 20.03% of total assets, attributed to delayed project deliveries[48]. Research and Development - The company's R&D investment increased by 5.65% to CNY 33.08 million[41]. - Research and development expenses for the first half of 2022 were CNY 33,076,833.77, slightly higher than CNY 31,307,840.04 in the same period of 2021, reflecting ongoing investment in innovation[139]. Market and Strategic Initiatives - The company is focusing on high-end markets and has established long-term strategic partnerships with numerous Fortune 500 companies[36]. - The company plans to enhance its market presence and explore new product development opportunities in the upcoming quarters[138]. - The company is actively expanding into emerging industries such as environmental protection and pharmaceuticals to mitigate risks associated with industry demand slowdown[62]. - The company has initiated new product development strategies aimed at market expansion, although specific figures were not disclosed[151]. Legal and Compliance Issues - As of June 30, 2022, the company is dealing with investor lawsuits totaling approximately 30.61 million yuan, with an estimated loss of around 2 million yuan expected[65]. - The company is involved in significant litigation with a total claimed amount of approximately $9.24 million, $11 million, and $8 million across various financing applications[85]. - The company has disclosed its financial liabilities related to these lawsuits, which may affect future financial performance[85]. - The company is committed to transparency regarding its legal challenges and their implications for stakeholders[85]. Environmental and Social Responsibility - The company emphasizes environmental responsibility, achieving national standards for wastewater and noise emissions[75]. - The company is committed to social responsibility, actively participating in charitable activities and establishing various funds for community support[76]. - The company has received no administrative penalties related to environmental issues during the reporting period[74]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,709[116]. - Dongli Holding Group Co., Ltd. holds 26.03% of shares, totaling 138,500,000 shares, with 137,000,000 shares pledged[116]. - The company did not have any significant related party transactions during the reporting period[104]. Financial Reporting and Governance - The company’s financial report for the first half of 2022 has not been audited[128]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position as of June 30, 2022, and its operating results for the first half of 2022[166]. - The company operates under the continuous operation basis and has no significant doubts regarding its ability to continue operations for the next 12 months[165].

宁波东力股份有限公司 2022 年第一季度报告 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 证券代码：002164 证券简称：宁波东力 公告编号：2022-012 宁波东力股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 355,933,405.42 | 283,486,695.69 | 25.56% | | 归属于上市公司股东的净利润（元） | 38,382,710.05 | 19,907,342.70 ...

Financial Performance - The company's operating revenue for 2021 was ¥1,614,661,779.52, representing a 30.46% increase compared to ¥1,237,656,494.69 in 2020[21] - The net profit attributable to shareholders for 2021 was ¥332,656,350.55, a decrease of 77.22% from ¥1,460,523,838.24 in 2020[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥151,062,671.94, which is a 73.89% increase from ¥86,870,294.39 in 2020[21] - The net cash flow from operating activities was ¥204,691,901.81, down 26.14% from ¥277,134,357.35 in 2020[21] - The total assets at the end of 2021 were ¥2,357,777,498.65, an increase of 26.79% from ¥1,859,598,445.74 at the end of 2020[21] - The net assets attributable to shareholders at the end of 2021 were ¥959,380,661.16, reflecting a 53.12% increase from ¥626,537,753.11 at the end of 2020[21] - The basic earnings per share for 2021 were ¥0.63, a decrease of 73.42% from ¥2.37 in 2020[21] - The weighted average return on equity for 2021 was 41.96%, a decrease of 196.66 percentage points from 238.62% in 2020[21] Revenue Breakdown - The company achieved a total revenue of CNY 1.615 billion in 2021, representing a year-on-year growth of 30.46%[40] - The subsidiary Dongli Transmission generated revenue of CNY 1.514 billion in 2021, up 46.51% from the previous year[40] - The company’s subsidiary Onik achieved revenue of CNY 181 million in 2021, marking a 20.04% increase[40] - The equipment manufacturing sector accounted for CNY 1,585,278,125.78, or 98.18% of total revenue, with a year-on-year growth of 30.48%[43] - The sales volume in the equipment manufacturing sector increased by 30.48%, primarily due to revenue growth[46] - The production volume in the equipment manufacturing sector rose by 38.67%, also attributed to increased operating revenue[46] Research and Development - The company’s R&D expenses for 2021 were CNY 65,920,895.52, reflecting a 25.07% increase from CNY 52,706,513.44 in 2020[55] - The number of R&D personnel rose by 16.76% to 209 in 2021 from 179 in 2020, with the proportion of R&D personnel to total employees increasing to 11.88%[57] - The company is developing high-power density gear transmission technology to break the technological monopoly in high-end equipment components[56] - The company has completed the development of a multi-motor drive gearbox, aiming to replace imported products and expand into the high-end transmission market[57] - The company is focusing on expanding its product range to meet high standards in the medical sector, including radiation protection requirements[57] Cash Flow and Investments - Operating cash inflow totaled ¥896,556,108.93 in 2021, an increase of 11.36% compared to ¥805,077,849.49 in 2020[58] - Investment cash inflow surged by 370.20% to ¥382,451,725.31 in 2021 from ¥81,338,329.98 in 2020, mainly due to real estate sales[58] - The net increase in cash and cash equivalents reached ¥337,392,223.70 in 2021, a significant increase of 135,352.29% compared to a decrease in 2020[58] - The company achieved a profit from asset disposal amounting to ¥215,865,743.24, accounting for 55.11% of total profit[61] Risks and Challenges - The company faces risks related to industry demand slowdown, raw material price fluctuations, and potential bad debts from accounts receivable[6] - The company faces risks including potential slowdowns in industry demand and fluctuations in raw material prices, which could impact profitability[84][85] - The company has received lawsuits from investors totaling CNY 24.29 million due to administrative penalties, with expected losses around CNY 2 million[87] Corporate Governance - The company maintains independence from its controlling shareholder, Dongli Holding Group, in terms of business, assets, personnel, and finance[93] - The company has established a complete and independent business structure, with no reliance on shareholders or related parties[93] - The company has a clear asset ownership structure, with all necessary operational assets independently owned and controlled[93] - The company has a complete organizational structure with independent operation of the shareholders' meeting, board of directors, and supervisory board[94] - The company has no significant discrepancies between its governance practices and the regulations set by the China Securities Regulatory Commission[92] Shareholder Information - The company has engaged in significant shareholder changes, with multiple shareholders releasing their limited shares[182] - The largest shareholder, Dongli Holding Group, holds 26.03% of the shares, totaling 138,500,000 shares[185] - The company reported a decrease of 17,655,542 shares from Shenzhen Innovation Investment Group, which is now at 0 shares[182] - The company has a total of 473,930,157 unrestricted shares, representing 89.06% of the total shares[180] Community Engagement - A total of 1.5 million RMB was contributed to the Fenghui Education Fund to support local education initiatives in 2021[135] - The company has established a charity fund to assist impoverished communities and has been recognized for its contributions during the COVID-19 pandemic[134] Legal Matters - The company is involved in ongoing legal proceedings related to financial disputes with multiple parties[154] - The company faced a penalty of RMB 300,000 for violations related to information disclosure[155] - The company has been warned and fined for violations involving several of its directors, with fines totaling RMB 30,000 for each individual involved[155] Future Outlook - The company aims to leverage opportunities from new infrastructure construction and the dual circulation development pattern, focusing on high value-added products and smart manufacturing[82] - The company projects that the market size of the reducer industry in China will grow at a rate of 5% annually, exceeding CNY 160 billion by 2026[80] - The company’s future outlook includes potential market expansion and new product development strategies[1]

证券代码：002164 证券简称：宁波东力 公告编号：2021-046 宁波东力股份有限公司 关于参加宁波辖区上市公司投资者网上集体接待日活动的公告 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、 误导性陈述或者重大遗漏。 为进一步加强宁波辖区上市公司与投资者特别是中小投资者的沟通交流，增加上 市公司的透明度，提升公司治理水平，促进公司规范运作，在宁波证监局指导下，宁 波上市公司协会联合深圳市全景网络有限公司共同举办"心系投资者携手共行动"— —宁波辖区2021 年度上市公司投资者网上集体接待日主题活动。活动于 2021 年 11 月 18 日下午15:00-17:00 举行，平台登陆地址为：http://www.p5w.net。 届时，公司高管人员将参加本次活动，通过网络在线交流形式，就公司治理、发 展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行沟通与交流。 欢迎广大投资者踊跃参与！ 特此公告。 宁波东力股份有限公司董事会 二0二一年十一月十二日 ...

Revenue and Profitability - Revenue for Q3 2021 reached ¥414,262,209.11, an increase of 28.44% compared to the same period last year[4] - The company's net profit for Q3 2021 was RMB 175,238,024.63, a significant decrease from RMB 1,413,385,269.06 in Q3 2020[18] - Net profit attributable to shareholders decreased by 81.10% to ¥57,151,479.48, with a year-to-date loss of ¥145,217,305.43, down 110.20%[4] - Basic and diluted earnings per share decreased by 79.63% to ¥0.11, reflecting the decline in net profit[4] - Basic and diluted earnings per share for the third quarter were both -0.27 CNY, compared to 2.21 CNY in the previous year[20] - The total comprehensive income for the third quarter was -144,970,116.31 CNY, compared to 1,423,511,329.93 CNY in the same period last year[19] Assets and Liabilities - Total assets increased by 12.11% to ¥2,084,845,385.08 compared to the end of the previous year[5] - As of September 30, 2021, total assets amounted to RMB 2,084,845,385.08, compared to RMB 1,859,598,445.74 at the end of 2020, reflecting a growth of 12.1%[16] - The company's total liabilities increased to RMB 1,600,888,125.53, a rise of 30% from RMB 1,230,671,069.88 at the end of 2020[16] - Shareholders' equity attributable to the parent company decreased by 23.18% to ¥481,320,447.68[5] Cash Flow - The company reported a year-to-date cash flow from operating activities of ¥79,409,667.55, a decrease of 46.90%[4] - Operating cash flow for the third quarter was 79,409,667.55 CNY, down from 149,543,691.66 CNY in the same period last year[23] - Cash flow from investment activities was -67,041,727.79 CNY, an improvement from -132,172,873.11 CNY in the same period last year[23] - Cash flow from financing activities resulted in a net outflow of -18,225,214.00 CNY, compared to -16,996,588.72 CNY in the previous year[23] - The company reported a decrease in cash and cash equivalents at the end of the period, totaling 86,796,853.92 CNY, down from 93,277,811.98 CNY[23] - The company's cash and cash equivalents decreased to RMB 120,749,959.71 from RMB 125,187,814.11 at the end of 2020, a decline of 3.5%[14] Inventory and Receivables - Accounts receivable increased by 31.47% at the end of the reporting period, attributed to revenue growth[9] - The company reported a significant increase in accounts receivable, which rose to RMB 339,219,722.55 from RMB 258,021,780.59, marking a growth of 31.4%[14] - Inventory increased by 46.49% at the end of the reporting period, reflecting higher stock levels due to increased sales[9] - Inventory as of September 30, 2021, was RMB 431,519,322.00, up 46.4% from RMB 294,580,466.58 at the end of 2020[15] Research and Development - Research and development expenses increased by 39.19% year-to-date, driven by higher investment in transmission equipment[8] - Research and development expenses for Q3 2021 were RMB 49,606,275.23, an increase of 39.2% compared to RMB 35,638,930.48 in Q3 2020[18] Other Information - The company reported a significant increase in expected liabilities by 74.25%, primarily due to additional provisions for guarantee losses[9] - The third quarter report was not audited[24] - The company did not require adjustments to the balance sheet for the new leasing standards implemented in 2021[24]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥783,925,399.05, representing a 50.56% increase compared to ¥520,658,381.89 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥202,368,784.91, a decrease of 118.06% from ¥1,120,651,255.73 in the previous year[21]. - The net cash flow from operating activities was ¥18,612,520.77, down 84.47% from ¥119,876,059.46 in the same period last year[21]. - The total assets at the end of the reporting period were ¥1,987,044,425.04, an increase of 6.85% from ¥1,859,598,445.74 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 32.30% to ¥424,168,968.20 from ¥626,537,753.11 at the end of the previous year[21]. - The basic and diluted earnings per share were both -¥0.38, a decline of 123.17% compared to ¥1.64 in the same period last year[21]. - The company reported a significant increase of 173.46% in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching ¥88,363,315.94 compared to ¥32,313,652.08 in the previous year[21]. - The weighted average return on net assets was -38.52%, a decrease of 231.21 percentage points from 192.69% in the previous year[21]. Revenue and Sales - In the first half of 2021, the company achieved operating revenue of CNY 783.93 million, a year-on-year increase of 50.56% driven primarily by the growth in transmission equipment sales[33]. - The transmission equipment segment accounted for 88.87% of total revenue, amounting to CNY 696.67 million, which represents a 54.94% increase from the previous year[42]. - The revenue from transmission equipment increased by 54.94%, driven by growing demand from downstream customers[44]. - The revenue from the overseas market significantly decreased by 62.64%, dropping to ¥2,482,418.53, primarily due to the impact of the COVID-19 pandemic[45]. Research and Development - The company’s R&D investment reached CNY 31.31 million, up 50.21% year-on-year, indicating a focus on enhancing transmission equipment development[40]. - The company holds 89 patents, including 12 invention patents, showcasing its strong technological innovation capabilities[37]. Market Environment and Risks - The company operates in a competitive environment with increasing cost pressures and unstable market demand, particularly influenced by the ongoing COVID-19 pandemic and international trade disputes[30]. - The company faces risks including industry demand slowdown, raw material price fluctuations, and potential bad debts from accounts receivable[5]. - The company faces risks related to raw material price fluctuations, which could impact profitability, and is managing this by controlling inventory levels[62]. Financial Management and Investments - The company reported an investment loss of ¥720,185.65, which accounted for -0.38% of total profit, primarily from long-term equity investments and debt restructuring[47]. - The total liabilities increased significantly, with estimated liabilities rising to ¥697,000,000.00, which is 35.08% of total liabilities, due to additional provisions for guarantee losses[50]. - The company did not make any investments during the reporting period, maintaining the same investment level as the previous year[55]. - The company has not engaged in any significant asset or equity sales during the reporting period, maintaining its asset base[58]. - The company has not implemented any employee stock ownership plans or incentive measures during the reporting period[68]. Social Responsibility and Community Engagement - The company emphasizes social responsibility by fostering harmonious labor relations and enhancing employee training programs[71]. - The company donated 1 million RMB to support COVID-19 prevention efforts in 2020[72]. - The company established charitable funds, including the Dongli Education Fund, to assist impoverished villages[72]. - The company has actively participated in social responsibility initiatives, including flood relief efforts in 2021[72]. Legal and Compliance Issues - As of June 30, 2021, the company is involved in a legal dispute related to guarantees provided for bank financing, which may affect liquidity[62]. - The company is actively responding to a lawsuit related to securities false statements, with a claim amount of approximately 6.5 million RMB[80]. - The company has engaged professional lawyers to mitigate the impact of ongoing litigation[80]. - Ningbo Dongli Co., Ltd. was fined 300,000 yuan for violations of information disclosure regulations, as determined by the China Securities Regulatory Commission[87]. Shareholder Information - The company issued 17,655,542 shares to Shenzhen Innovation Investment Group Co., Ltd. and 1,247,607 shares to Guangxi Hongtu Venture Capital Fund Management Co., Ltd. on January 29, 2021[106]. - The total number of shares after the changes was 532,173,689, with 89.06% being unrestricted shares[106]. - The total number of shares held by the top 10 unrestricted ordinary shareholders includes 138,500,000 shares held by Dongli Holding Group[113]. Future Outlook and Strategies - The company plans to implement new strategies to enhance profitability and stabilize equity in the upcoming periods[150]. - The report indicates a focus on improving operational efficiency to counteract the decline in comprehensive income[150]. - The company is exploring potential market expansions and new product developments to drive future growth[150]. - The company plans to expand its market presence, focusing on new product development and technological advancements[157]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[157].

Financial Performance - The company's operating revenue for 2020 was ¥1,237,656,494.69, representing a 21.31% increase compared to ¥1,020,262,758.87 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥1,460,523,838.24, a significant increase of 6,581.02% from ¥21,860,785.64 in 2019[19]. - The net cash flow from operating activities reached ¥277,134,357.35, marking an increase of 181.27% compared to ¥98,529,546.80 in the previous year[19]. - Basic earnings per share for 2020 were ¥2.37, up 7,800.00% from ¥0.03 in 2019[19]. - The weighted average return on net assets was 238.62%, an increase of 234.9 percentage points from 3.72% in 2019[19]. - Total assets at the end of 2020 amounted to ¥1,859,598,445.74, a 7.87% increase from ¥1,723,934,484.44 at the end of 2019[19]. - The net assets attributable to shareholders increased by 4.74% to ¥626,537,753.11 from ¥598,163,574.35 in 2019[19]. - The company achieved a revenue of 1.238 billion yuan in 2020, an increase of 21.31% compared to the previous year[39]. - The net profit attributable to shareholders reached 1.461 billion yuan, a staggering increase of 6,581.02% year-on-year[39]. - The subsidiary Dongli Transmission reported a revenue of 1.033 billion yuan, up 21.09%, and a net profit of 112 million yuan, growing by 27.69%[35]. - The subsidiary Onik achieved a revenue of 151 million yuan, reflecting an 11.09% increase, with a net profit of 35 million yuan, up 11.84%[36]. - The company's main business, equipment manufacturing, accounted for 98.17% of total revenue, with a revenue of 1.215 billion yuan, increasing by 21.82%[39]. - The overseas revenue surged by 111.22% to 13 million yuan, while domestic revenue grew by 20.76%[39]. - The gross profit margin for the equipment manufacturing sector was 28.29%, slightly down by 1.28% from the previous year[41]. Cash Flow and Investments - The net cash flow from operating activities improved from -¥7.32 million in Q1 to ¥127.59 million in Q4, reflecting a positive trend in cash generation[24]. - The total cash inflow from operating activities was CNY 805.08 million, reflecting a 32.15% increase compared to the previous year[54]. - The company achieved a net profit of CNY 1.33 billion from investment income, representing 91.96% of total profit, primarily from recovered assets[58]. - The company’s investment activities resulted in a net cash outflow of CNY 255.26 million, a significant decrease of 340,836.83% year-on-year[55]. - The company reported a significant increase in sales expenses, totaling CNY 55.64 million, down 27.42% year-on-year due to changes in revenue recognition[51]. Risks and Challenges - The company faces risks related to industry demand slowdown, raw material price fluctuations, and potential bad debts from accounts receivable[6]. - The company anticipates potential risks from slowing industry demand due to policy changes and the ongoing impact of the pandemic[80]. - The company faced a risk of bad debts due to a weak downstream market, leading to an increase in accounts receivable[83]. - The company is currently facing a lawsuit from investors with a claimed compensation amount of CNY 6,499,712.05 due to alleged false statements in securities transactions[85]. - The company has recognized a contingent liability of CNY 40,000,000 related to guarantees provided for Nianfu Supply Chain[96]. - The company is actively communicating with banks to mitigate guarantee risks associated with Nianfu Supply Chain[84]. - The company has engaged professional legal counsel to address ongoing litigation and minimize potential losses[85]. Corporate Governance and Management - The company has maintained a consistent profit distribution policy over the past three years to protect minority shareholders' rights[89]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[94]. - The company has established a strategic partnership with clients and suppliers to achieve mutual benefits[148]. - The company has a commitment to innovation, as evidenced by the involvement of its directors in various technology and engineering firms[183]. - The company is focused on expanding its market presence and enhancing its product offerings through new technology and strategic initiatives[182]. - The management team includes experienced professionals with backgrounds in engineering and finance, indicating a strong leadership structure[184]. - The company has a clear asset ownership structure, with all necessary operational assets independently owned[196]. - The company has established a comprehensive training system for employees, including onboarding and professional development programs[192]. Shareholder Structure and Changes - The largest shareholder, Dongli Holding Group, holds 26.03% of the shares, totaling 138,500,000 shares[164]. - The second-largest shareholder, Song Jilong, holds 12.85% of the shares, totaling 68,364,628 shares[164]. - The company has a total of 42,222 shareholders as of the report date[164]. - The shareholding structure indicates that 62.36% of shares are unrestricted, amounting to 436,125,157 shares[160]. - The company has seen a significant reduction in shares held by certain individuals due to judicial actions, including a decrease of 13,427,970 shares held by Mu Gang[161]. - The report indicates that there are no ongoing share buyback programs or other significant share issuance activities[161]. - The company has not undergone any changes in actual controllers during the reporting period[170]. - The company has not reported any other domestic or foreign listed companies controlled by the controlling shareholder[166]. Legal and Compliance Matters - The company is involved in a lawsuit with Hangzhou Bank involving a guarantee contract dispute, with a claimed amount of 100.78 million RMB, which has resulted in a provision being recognized[110]. - The company has reached a settlement in a dispute with Guangfa Bank, which includes a repayment obligation of 16.97 million RMB[111]. - The company has been fined 300,000 yuan by the China Securities Regulatory Commission for violations related to information disclosure[127]. - The company has a total of RMB 954,697.73 in case acceptance fees and preservation fees[118]. - The company is involved in multiple legal proceedings, but no significant financial impact has been reported[110]. Research and Development - The company has a total of 92 patents, including 11 invention patents, showcasing its strong focus on technological innovation[32]. - In 2020, the company's R&D expenditure amounted to CNY 52.71 million, accounting for 4.26% of operating revenue, with a year-on-year increase of 19.47%[52]. - The number of R&D personnel increased by 20.95% to 179, although their proportion of total employees decreased by 1.41%[52]. Social Responsibility - The company emphasized its commitment to social responsibility, including a donation of 1 million for COVID-19 relief efforts[149].

Revenue and Profitability - The company's revenue for Q1 2021 was ¥283,486,695.69, representing a 59.75% increase compared to ¥177,460,126.94 in the same period last year[8] - Net profit attributable to shareholders was ¥19,907,342.70, a significant turnaround from a loss of ¥5,665,358.29, marking a 451.39% increase[8] - The basic earnings per share increased to ¥0.04 from a loss of ¥0.01, reflecting a 500.00% improvement[8] - The company's operating revenue for the current period reached 28,348.67 million, an increase of 59.75% compared to the previous period's 17,746.01 million, primarily due to growth in transmission equipment sales[17] - Operating profit for Q1 2021 was CNY 23,567,741.08, a significant improvement from a loss of CNY 3,224,115.75 in the previous period[40] - The total comprehensive income for the quarter was 20,018,608.31 CNY, compared to a loss of 5,578,331.67 CNY in the previous year[42] Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥28,859,497.59, worsening by 294.18% compared to -¥7,321,470.41 in the previous year[8] - The company's cash and cash equivalents decreased by 29.94% to 8,771.21 million from 12,518.78 million, primarily due to increased salary and bonus payments[17] - Cash flow from operating activities was negative at -28,859,497.59 CNY, compared to -7,321,470.41 CNY in the same period last year[46] - The cash and cash equivalents at the end of the period amounted to 9,519.48 yuan, down from 29,298.42 yuan in the previous period[51] - The total cash inflow from investment activities was significantly lower than the previous period, reflecting a strategic shift in investment focus[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,846,319,492.80, a slight decrease of 0.71% from ¥1,859,598,445.74 at the end of the previous year[8] - Total liabilities decreased to CNY 712,085,188.49 in Q1 2021 from CNY 898,369,633.65 in the previous period[37] - The company's total current assets decreased to CNY 9,567,134.94 from CNY 11,152,125.56 in the previous period[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,158[12] - The largest shareholder, Dongli Holding Group Co., Ltd., holds 26.03% of the shares, with 138,500,000 shares pledged[12] - Net assets attributable to shareholders increased by 3.18% to ¥646,445,095.81 from ¥626,537,753.11[8] - The company's equity attributable to shareholders increased to CNY 547,979,987.43 from CNY 363,806,417.98 in the previous period[37] Expenses and Investments - Operating costs increased to 20,874.06 million, reflecting a 61.59% rise from 12,917.99 million, driven by the increase in operating revenue[17] - Research and development expenses rose by 65.34% to 1,264.91 million, attributed to increased investment in transmission equipment development[17] - The company incurred management expenses of 4,487,423.32 CNY, down from 17,705,391.33 CNY year-over-year[44] - Financial expenses increased to 3,351,806.53 CNY from 1,417,332.14 CNY in the previous year, primarily due to interest expenses[44] Government Support - The company received government subsidies amounting to ¥1,201,262.26, which are closely related to its business operations[9] Audit and Reliability - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[52]

Financial Performance - Operating revenue for the period reached CNY 322,528,787.05, representing a 30.68% increase year-on-year[8] - Net profit attributable to shareholders surged by 1,746.51% to CNY 302,462,623.21 for the quarter[8] - Basic earnings per share rose to CNY 0.54, an increase of 2,600.00% compared to the same period last year[8] - The weighted average return on equity increased by 49.94 percentage points to 52.44%[8] - Total operating revenue for the third quarter reached CNY 306,786,590.53, a significant increase from CNY 19,289,746.11 in the same period last year[40] - Net profit for the third quarter was CNY 302,717,137.93, compared to CNY 16,152,579.93 in the previous year, reflecting a substantial growth[40] - The total profit for the third quarter was CNY 306,826,855.83, a significant increase from CNY 17,301,037.47 in the previous year[40] - The company reported a net cash flow from operating activities of 149,543,691.66 CNY, an increase from 80,759,597.84 CNY in the previous period, reflecting a significant improvement[57] Assets and Liabilities - Total assets increased by 4.15% to CNY 1,795,458,475.83 compared to the end of the previous year[8] - The total liabilities increased to ¥1,204,941,270.68 from ¥1,124,250,917.21, reflecting a rise in financial obligations[32] - The company's total equity decreased to ¥590,517,205.15 from ¥599,683,567.23, showing a decline in shareholder value[33] - Current liabilities totaled ¥787,784,550.10, compared to ¥679,283,688.23 in the previous period, indicating increased short-term financial obligations[32] - The company reported a significant expected liability of CNY 400,000,000.00, indicating potential future obligations[70] Cash Flow - Net cash flow from operating activities decreased by 37.73% to CNY 29,667,632.20[8] - The total cash outflow from investing activities was 139,952,776.13 CNY, compared to 6,600,805.17 CNY in the previous period, indicating a substantial increase in investment expenditures[58] - The net cash flow from financing activities was -16,996,588.72 CNY, a decrease from -92,555,065.47 CNY in the previous period, showing a reduction in cash outflow related to financing[58] - The cash inflow from operating activities was significantly lower at 5,801,951.05 CNY compared to 121,115,529.76 CNY in the previous period, highlighting a decline in operational revenue[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,605[13] - The largest shareholder, Dongli Holding Group, holds 26.03% of the shares, with 138,500,000 shares pledged[13] - The company did not engage in any repurchase transactions during the reporting period[14] Other Financial Metrics - The company reported non-recurring gains of CNY 1,333,605,448.94 primarily from the recovery of stocks and cash[10] - The company received government subsidies, resulting in other income increasing by 110.59% to ¥14.67 million[18] - The company incurred 70,500,717.04 CNY in tax payments, an increase from 67,301,376.97 CNY in the previous period, indicating a rise in tax obligations[57] - The company reported a total cash and cash equivalents balance of 93,277,811.98 CNY at the end of the period, up from 83,750,327.52 CNY in the previous period[58] Investment and Expenditures - Investment income skyrocketed by 54,791.53% to ¥133.64 million, mainly from the recovery of company stocks and cash by judicial authorities[18] - The company reported a total operating cost of CNY 286,739,913.01, up from CNY 224,599,945.42 year-over-year[40] - Research and development expenses increased to CNY 14,796,301.53 from CNY 11,458,973.53, indicating a focus on innovation[40]