证券代码：002224 证券简称：三力士 编号：2015-01 三力士股份有限公司投资者关系活动记录表 | --- | --- | |-----------------------|------------------------------------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | √ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 \n□ 新闻发布会 □路演活动 □现场参观 \n□ 其他（请文字说明其他活动内容） | | | 中信证券毛晓龙、裘雅飞、胡正洋、广发张券熊伟、长江证券刘军、华 | | | 创证券鲁佩、华融证券文莹、海通证券赵晨、耿耘、龙华、董瑞斌、中 | | | 信建投罗婷、黎韬扬、摩根士丹利华鑫基金朱睿、华商基金段中喆、 | | | 中晴蓝沃何岩、东方港湾于骏晨、誉华资产赵虎、沃资产管理张思 | | | 明、中域投资周奕涛、上海朴易资产牛春晖、银河基金王海华、上投 | | 参与单位名称 | 摩根叶敏、海通资管胡光宇 ...

Financial Performance - The company's revenue for Q1 2022 was ¥156,564,213.76, a decrease of 7.69% compared to ¥169,599,432.90 in the same period last year[3] - The net profit attributable to shareholders was -¥6,281,556.55, representing a decline of 180.76% from ¥7,778,534.14 in the previous year[3] - The net cash flow from operating activities was -¥78,199,727.28, a significant drop of 278.55% compared to ¥43,798,109.72 in the same period last year[3] - The basic earnings per share were -¥0.010, down 200.00% from ¥0.01 in the previous year[3] - Net profit for the quarter was a loss of ¥6,999,313.48, compared to a profit of ¥7,550,324.12 in the same period last year[18] - The total comprehensive income for the first quarter was -6,999,313.48 CNY, compared to 7,550,324.12 CNY in the previous period[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,012,705,746.62, a decrease of 1.47% from ¥3,057,541,554.08 at the end of the previous year[3] - Current assets totaled ¥1,760,371,935.42, down 5.5% from ¥1,862,731,838.62 at the start of the year[14] - The company's cash and cash equivalents decreased to ¥1,106,762,701.98 from ¥1,268,745,010.99, a decline of 12.7%[14] - Long-term equity investments increased significantly to ¥74,319,279.26 from ¥33,752,697.04, representing a growth of 120.5%[14] - Total liabilities decreased to ¥569,776,080.46 from ¥609,394,901.99, a reduction of 6.5%[15] - The company's total equity decreased slightly to ¥2,442,929,666.16 from ¥2,448,146,652.09, a decline of 0.2%[15] Operating Costs and Expenses - Total operating costs increased to ¥138,791,540.97, up 0.7% from ¥137,765,801.50 in the previous period[17] - Research and development expenses for the quarter were ¥6,516,668.43, slightly down from ¥6,574,888.35 in the previous period[18] - The company reported a non-recurring loss of -¥17,859,807.44, primarily due to increased production costs and losses from financial assets[6] Cash Flow - Cash inflows from operating activities totaled 176,628,505.26 CNY, while cash outflows amounted to 254,828,232.54 CNY[22] - The cash flow from investment activities was -79,673,934.50 CNY, a significant decrease from 13,665,623.97 CNY in the previous period[22] - The company incurred cash outflows of 202,222.22 CNY for financing activities, compared to 50,000,000.00 CNY in the previous period[23] Company Strategy and Developments - The company attributed the decline in performance to increased production costs due to the pandemic and losses from stock holdings[7] - The company did not report any new product developments or market expansion strategies during this quarter[3] - The company did not conduct an audit for the first quarter report[24]

Financial Performance - The company's revenue for Q3 2022 was ¥199,221,190.67, a decrease of 27.25% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥16,987,121.54, down 58.93% year-on-year[5]. - The basic earnings per share decreased by 50.00% to ¥0.03[5]. - Total operating revenue for the third quarter was ¥604,563,007.68, a decrease of 10.25% compared to ¥673,466,466.76 in the same period last year[19]. - Net profit for the quarter was ¥78,053,501.42, down 30.94% from ¥113,087,442.17 year-over-year[20]. - Earnings per share (EPS) for the quarter was ¥0.11, compared to ¥0.16 in the previous year, indicating a decline of 31.25%[21]. - Investment income decreased to ¥2,067,147.67 from ¥8,612,763.35, marking a decline of 76.06%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,026,129,450.13, a decrease of 1.03% from the end of the previous year[5]. - The company's total current assets as of September 30, 2022, amount to 1,737,943,269.84 CNY, a decrease from 1,862,731,838.62 CNY at the beginning of the year[15]. - The total non-current assets increased to 1,288,186,180.29 CNY from 1,194,809,715.46 CNY at the beginning of the year[16]. - Total liabilities decreased to ¥508,588,403.17 from ¥609,394,901.99, a reduction of 16.54%[20]. - Total current liabilities decreased to 203,738,702.88 CNY from 311,832,216.47 CNY at the beginning of the year[16]. - Long-term borrowings, including bonds payable, amount to 193,884,965.01 CNY, up from 185,642,492.37 CNY[16]. Cash Flow - The company's cash flow from operating activities decreased by 61.23% to ¥42,313,207.19 year-to-date[5]. - Cash flow from operating activities generated a net amount of ¥42,313,207.19, significantly lower than ¥109,143,681.05 in the same period last year[22]. - The cash inflow from operating activities totaled ¥710,809,453.28, down from ¥795,438,409.54 year-over-year, a decrease of 10.63%[22]. - The net cash flow from investment activities was -171,683,210.88 CNY, compared to -80,473,808.92 CNY in the previous period, indicating a significant increase in cash outflow[23]. - The company reported a net increase in cash and cash equivalents of -129,078,226.67 CNY, contrasting with a net increase of 24,456,105.56 CNY in the previous period[23]. - The ending balance of cash and cash equivalents was 1,071,449,535.85 CNY, down from 1,088,400,660.08 CNY at the end of the previous period[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,620[11]. - The largest shareholder, Wu Peisheng, holds 31.54% of shares, totaling 230,112,000 shares, with 118,000,000 shares pledged[11]. - The company’s total equity attributable to shareholders increased by 2.82% to ¥2,511,767,120.83 compared to the previous year[5]. - The total equity attributable to shareholders increased to ¥2,511,767,120.83 from ¥2,442,969,744.35, reflecting a growth of 2.82%[20]. Financial Expenses and Subsidies - The company's financial expenses rose by 190.47% to -¥51,415,063.02, primarily due to currency exchange rate fluctuations[9]. - The company received government subsidies amounting to ¥1,604,112.65 during the reporting period[7]. - The company reported a financial expense of -¥51,415,063.02, compared to -¥17,700,568.98 in the previous year, indicating an increase in financial costs[19]. Other Information - The company has revised its non-public offering plan for A-shares during the reporting period[13]. - The third quarter report was not audited[24].

三力士股份有限公司 2021 年年度报告全文 三力士股份有限公司 2021 年年度报告 2022 年 12 月 1 三力士股份有限公司 2021 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人吴琼瑛、主管会计工作负责人丁建英及会计机构负责人(会计主 管人员)丁建英声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告中涉及未来计划等前瞻性陈述的，均不构成公司对投资者的实 质承诺，投资者及相关人士均应对此保持足够的风险认识，并且应当理解计划、 预测与承诺之间的差异。敬请投资者注意投资风险。 1、新型冠状病毒肺炎疫情的影响：2020 年初新型冠状病毒肺炎疫情爆发， 目前中国疫情已得到有效控制，但部分地区仍存在长时间封控，生产生活停滞， 对公司产品在相关地区的销售造成影响，物流的不通畅影响生产原材料及产品 的运输。 公司将持续密切关注新冠疫情防控的进展情况，做好内部疫情防控工作， 与供应商和客户保持紧密协 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥405.34 million, representing a 1.43% increase compared to ¥399.63 million in the same period last year[26]. - The net profit attributable to shareholders decreased by 16.01% to approximately ¥60.47 million, down from ¥72.00 million in the previous year[26]. - The basic and diluted earnings per share both decreased by 20.00% to ¥0.08, down from ¥0.10 in the previous year[26]. - The weighted average return on net assets decreased to 2.44%, down from 3.00% in the previous year[26]. - The company's total operating revenue for the industrial sector reached ¥405,341,817, with a year-on-year increase of 1.43%[41]. - The gross profit margin for rubber belts was 26.42%, showing a decrease of 12.85% compared to the previous year[41]. - The company reported a total revenue of 1.208 billion, with a gross profit margin of 61.12% for the first half of 2022[53]. - The net profit for the first half of 2022 was CNY 59,932,653.63, down from CNY 71,769,074.39 in the previous year, reflecting a decrease of approximately 16.5%[144]. - The total revenue for the first half of 2022 was 2,605 million, showing an increase compared to the previous year's 2,594 million, representing a growth of approximately 0.42%[167]. Cash Flow and Liquidity - The net cash flow from operating activities significantly dropped by 97.95%, totaling approximately ¥2.28 million compared to ¥111.41 million in the same period last year[26]. - The cash flow from operating activities generated a net amount of CNY 2,279,912.24, significantly lower than CNY 111,406,073.03 in the same period of the previous year[150]. - The cash outflow from financing activities totaled ¥17,277,988.91, compared to ¥16,264,967.54 in the previous period, showing an increase in cash outflow[153]. - The total cash inflow from operating activities was CNY 479,782,428.29, while total cash outflow was CNY 477,502,516.05, resulting in a slight net inflow[150]. - The company's cash and cash equivalents decreased to ¥1,118,550,42, accounting for 36.67% of total assets, down from 41.50% at the end of the previous year[45]. - The cash and cash equivalents decreased by approximately 8.8% from the beginning to the end of the period[156]. Investment and R&D - Research and development expenses rose by 41.58% to CNY 16,987,516.64, up from CNY 11,998,146.86, indicating increased investment in innovation[38]. - The company has allocated 2.4 million yuan for research and development in new technologies during this period[160]. - The total investment during the reporting period was ¥44,011,208.18, representing a significant decrease of 40.96% compared to the same period last year[50]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.05 billion, a slight decrease of 0.25% from ¥3.06 billion at the end of the previous year[26]. - The total liabilities decreased to 552,372,226.24 yuan from 609,394,901.99 yuan at the end of the previous year[136]. - The company's total equity increased to 2,497,560,744.82 yuan from 2,448,146,652.09 yuan at the end of the previous year[136]. - The company's total assets decreased to CNY 3,198,266,039.52 from CNY 3,270,687,675.21, a decline of approximately 2.21%[140]. - The total liabilities of the company were 399.86 million yuan, which is a slight increase of 1.8% year-on-year[160]. Strategic Initiatives - The company plans to continue developing new products and technologies to maintain its competitive edge in the market[7]. - The company will actively seek strategic partnerships with raw material suppliers to mitigate the impact of price fluctuations on its operations[5]. - The company aims to enhance operational efficiency through strategic mergers and acquisitions in the upcoming quarters[160]. - The company plans to expand its market presence and invest in new product development to drive future growth[160]. Shareholder Information - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[9]. - The company adjusted its employee stock ownership plan, with 5.4 million shares held by employees, representing 0.74% of the total share capital[69]. - The shareholding structure remained stable, with no new shares issued or significant changes in ownership percentages[102]. - The company issued 6.2 million convertible bonds with a total amount of RMB 620 million, approved by the China Securities Regulatory Commission[103]. Risk Management - The company faces risks from raw material price fluctuations, particularly in rubber and cotton yarn, and plans to expand supplier partnerships to mitigate these risks[60]. - The company’s financial management and internal controls will be strengthened to address operational risks associated with its expanding scale[61]. - The company plans to enhance its workforce recruitment and invest in smart manufacturing to address human resource risks[60]. Environmental and Safety Measures - The company has implemented new waste gas treatment devices to reduce unorganized emissions and effectively lower pollutant content in waste gas[72]. - The company has established a wastewater treatment station and a recycling system for cooling water, contributing to resource conservation[72]. - The company has taken measures to reduce carbon emissions, including exploring energy-saving processes and increasing green areas for carbon absorption[73]. - The company has increased investment in safety production, regularly checking and maintaining safety facilities and equipment[76]. - The company has conducted regular safety inspections to prevent accidents and ensure compliance with operational standards[75]. Compliance and Governance - The financial report was approved by the board of directors on August 30, 2022, ensuring compliance with regulatory requirements[168]. - The company maintains a continuous operation basis for its financial statements, ensuring no significant issues affecting its operational capability[171]. - The company has not reported any major events that would impact its ability to continue as a going concern within the next 12 months[172].

三力士股份有限公司 2022 年第三季度报告 证券代码：002224 证券简称：三 力 士 公告编号：2022-049 三力士股份有限公司 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 三力士股份有限公司 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 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。 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 242,576,234.65 | -11.42% | 696,006, ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥453.43 million, representing a 13.46% increase compared to ¥399.63 million in the same period last year[25]. - The net profit attributable to shareholders decreased by 14.90% to approximately ¥61.27 million, down from ¥72.00 million in the previous year[25]. - The net profit after deducting non-recurring gains and losses fell by 36.71% to approximately ¥57.91 million, compared to ¥91.49 million in the same period last year[25]. - Basic and diluted earnings per share decreased by 20.00% to ¥0.08, compared to ¥0.10 in the same period last year[25]. - The overall gross profit margin decreased to 21.17%, down by 17.49% compared to the same period last year[41]. - Revenue from rubber belts was ¥345,309,264.00, with a gross margin of 26.42%, reflecting a decline of 12.85% year-on-year[41]. - The company's operating profit decreased to ¥84,213,203.96 in the first half of 2022, down 23.0% from ¥109,349,700.45 in the same period of 2021[147]. - The net profit for the first half of 2022 was CNY 61,505,527.76, a decrease of 14.3% from CNY 71,769,074.39 in the previous year[144]. Cash Flow and Liquidity - The net cash flow from operating activities significantly declined by 97.95% to approximately ¥2.28 million, down from ¥111.41 million in the previous year[25]. - The company's cash flow from operating activities showed a decline, impacting liquidity and operational flexibility[44]. - The company's cash and cash equivalents increased to CNY 1,591,895,283.68, compared to CNY 1,560,136,064.62, indicating a growth of 2.2%[140]. - The company reported a net cash outflow from investing activities of ¥154,529,127.41, compared to a net outflow of ¥119,277,645.00 in the same period last year[150]. - The company reported a net decrease in cash and cash equivalents of -93,242,851.29 CNY for the first half of 2022, contrasting with an increase of 189,706,836.77 CNY in the same period of 2021[153]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.05 billion, a slight decrease of 0.20% from ¥3.06 billion at the end of the previous year[25]. - The total liabilities decreased to 552.37 million from 609.39 million at the end of the previous year[136]. - The company's total assets decreased to CNY 3,198,266,039.52 from CNY 3,270,687,675.21, representing a decline of 2.2%[140]. - The total liabilities at the end of the reporting period were 1,365 million yuan, indicating a decrease of 2.68% compared to the previous year[162]. Research and Development - Research and development expenses rose by 41.58% to CNY 16,987,516.64, reflecting the company's increased investment in R&D[37]. - The company has allocated 2.49 million yuan for research and development in new technologies and products[157]. - The company aims to enhance its research and development capabilities to innovate new technologies and products[163]. Market Position and Strategy - The company maintained its position as the leading manufacturer of rubber V-belts in China, with a focus on high-quality and differentiated products[35]. - The overall market for rubber products is expected to grow steadily, supported by national policies, despite increasing competition and rising labor costs[33]. - The company plans to enhance its recruitment efforts and invest in smart manufacturing to mitigate risks associated with labor shortages and aging workforce[60]. - The company plans to expand its market presence and invest in new product development to drive future growth[159]. Shareholder Information - The company will not distribute cash dividends or issue bonus shares for this reporting period[9]. - The total number of shares after the recent changes is 729,593,500, with a total increase of 6,903 shares due to the conversion of convertible bonds[103]. - The largest shareholder, Wu Peisheng, holds 31.54% of the total shares, amounting to 230,112,000 shares[106]. - The company has not reported any share buyback or repurchase progress during the reporting period[104]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, including exploring energy-saving processes and increasing green space in the factory[73]. - The company has made improvements to its waste gas treatment facilities, effectively reducing pollutant content in emissions[72]. - There were no significant environmental penalties or violations reported during the period[72]. - The company has not conducted any poverty alleviation or rural revitalization initiatives during the reporting period[73]. Compliance and Governance - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[173]. - The company has committed to maintaining a stable capital market and has not engaged in any non-operating fund occupation by major shareholders[78][79]. - The company has not experienced any major litigation or arbitration matters during the reporting period[83].

Financial Performance - The company's operating revenue for 2021 was ¥1,001,475,270.82, an increase of 11.22% compared to ¥900,448,657.29 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥113,250,144.84, a decrease of 33.11% from ¥169,306,127.75 in 2020[21]. - The net cash flow from operating activities was ¥251,610,169.42, down 11.14% from ¥283,139,162.76 in 2020[21]. - The total assets at the end of 2021 were ¥3,058,082,753.71, reflecting a growth of 4.55% from ¥2,925,080,300.22 at the end of 2020[22]. - The company's basic earnings per share for 2021 was ¥0.16, a decline of 30.43% compared to ¥0.23 in 2020[21]. - The weighted average return on equity for 2021 was 4.71%, down from 7.18% in 2020[21]. - The gross profit margin for the industrial sector was 28.80%, down 10.23% year-on-year[50]. - The company reported a total revenue of 249.127 million in the fiscal year 2021[114]. - The total cash dividend amount for the reporting period is CNY 14,239,993.54, which accounts for 100% of the distributable profit[139]. - The total distributable profit for the company is CNY 1,262,076,782.90[139]. Market Position and Strategy - The company is a leader in the domestic mid-to-high-end V-belt market, facing risks from competitors upgrading technology and reducing costs[6]. - The company is the leading producer of V-belts in China, with a market share that has ranked first for several consecutive years[32]. - The company is positioned as the largest rubber V-belt manufacturer in China, with a strong competitive advantage in technology innovation and product quality[37]. - The company acknowledges market risks from both domestic and international markets, including changes in import policies and economic conditions[5]. - The company aims to enhance its product technology and quality through continuous innovation in new products and processes[6]. - The company plans to enhance its core competitiveness through R&D, focusing on automation, digitalization, and smart factory construction to adapt to market challenges[98]. - The company aims to improve profitability by promoting automation and lean production in its main rubber V-belt business, targeting increased per capita productivity[99]. Research and Development - The company will continue to invest in research and development for new technologies and products to maintain its competitive edge[6]. - The company's R&D expenses for 2021 amounted to ¥36,297,471.66, representing a 3.70% increase from ¥35,001,720.24 in 2020[64]. - The number of R&D personnel decreased by 9.60% from 125 in 2020 to 113 in 2021[63]. - The company holds 59 patents, including 23 invention patents and 36 utility model patents, enhancing its product development capabilities[43]. Operational Efficiency and Risks - The company plans to actively explore new raw material suppliers and implement strategic partnerships to mitigate the impact of raw material price fluctuations[5]. - The company is addressing human resource risks by increasing recruitment efforts and advancing smart manufacturing initiatives[6]. - The company is focused on reducing operational risks through employee training and the establishment of effective incentive mechanisms[6]. - The company is committed to improving its organizational structure and management model to support its expanding operations[6]. - The company faces risks from raw material price fluctuations, particularly for rubber and carbon black, which could impact gross margins[101]. - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and maintaining collaboration with suppliers and customers[5]. Corporate Governance - The company has established a complete and independent financial accounting system to ensure financial independence from its controlling shareholders[109]. - The company maintains good independence in operations, assets, personnel, and finance, ensuring it can operate autonomously in the market[109]. - The company has implemented a transparent information disclosure management system to ensure accurate and timely information sharing[108]. - The company has not faced any disciplinary actions from the exchange regarding information disclosure issues, indicating a strong compliance record[108]. - The company is committed to improving its corporate governance structure in accordance with relevant laws and regulations[107]. - The company ensures equal rights for all shareholders, particularly minority shareholders, in its governance practices[107]. - The company has established independent personnel management systems, ensuring that its executives are not influenced by the controlling shareholders[109]. Environmental and Social Responsibility - The company has made significant investments in safety equipment and training to minimize safety hazards[158]. - The company has implemented measures to reduce carbon emissions, including exploring new energy-saving processes and increasing green spaces[154]. - The company actively engages with shareholders through performance briefings and investor relations platforms to ensure transparency and communication[156]. - The company has not faced any environmental penalties during the reporting period and has maintained compliance with pollution control standards[153]. - The company has focused on employee rights protection by adhering to labor laws and providing benefits and training to enhance employee satisfaction[156]. - The company is committed to social responsibility, engaging in various charitable activities, including donations of clothing and books[158]. Shareholder Engagement - The first temporary shareholders' meeting had a participation rate of 37.15% on March 19, 2021[112]. - The annual shareholders' meeting for 2020 had a participation rate of 35.87% on May 19, 2021[112]. - The second temporary shareholders' meeting had a participation rate of 36.56% on November 16, 2021[112]. - The company has established a three-year shareholder return plan (2021-2023) to ensure stable and reasonable returns to investors, including a cash dividend of 0.2 yuan per 10 shares for the 2020 fiscal year[137]. Subsidiaries and Investments - In March 2021, the company transferred 100% equity of its subsidiary Shaoxing Sand New Materials Co., Ltd., which is no longer included in the consolidated financial statements[170]. - In April 2021, the company established a new subsidiary, Shaoxing Fengyou Chujiao Co., Ltd., with a 100% ownership, which is included in the consolidated financial statements from its establishment date[170]. - In July 2021, the company set up a subsidiary, Taizhou Jiyuan Medical Technology Co., Ltd., with a 51% stake, included in the consolidated financial statements from its establishment date[170]. - In August 2021, the company established Zhejiang Lisheng Tire Technology Co., Ltd., holding a 60% stake, which is included in the consolidated financial statements from its establishment date[170]. Financial Management - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[177]. - The company has entered into a joint investment agreement to establish a new company, holding 15% of the equity, with a related party holding 5%[182]. - The company has not provided guarantees for shareholders or their related enterprises[111]. - The company has a structured approach to remuneration management, following its established guidelines and regulations[122].

Financial Performance - The company's operating revenue for 2021 was ¥1,001,475,270.82, representing an increase of 11.22% compared to ¥900,448,657.29 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥113,250,144.84, a decrease of 33.11% from ¥169,306,127.75 in 2020[21]. - The net cash flow from operating activities was ¥251,610,169.42, down 11.14% from ¥283,139,162.76 in 2020[21]. - The total assets at the end of 2021 were ¥3,058,082,753.71, an increase of 4.55% from ¥2,925,080,300.22 at the end of 2020[22]. - The net assets attributable to shareholders at the end of 2021 were ¥2,443,245,756.16, up 1.09% from ¥2,416,881,781.54 at the end of 2020[22]. - The company reported a basic earnings per share of ¥0.16 for 2021, a decrease of 30.43% from ¥0.23 in 2020[21]. - The gross profit margin for the industrial sector was 28.80%, down 10.23% from the previous year[50]. - The total operating cost was ¥713,015,239.96, reflecting a year-on-year increase of 29.87%[50]. - The company reported a decrease in the gross profit margin for rubber V belts to 34.04%, down 7.26% from the previous year[50]. - Domestic sales accounted for 86.21% of total revenue, while international sales contributed 13.79%, with a year-on-year growth of 16.68%[48]. Market Position and Strategy - The company is a leader in the domestic market, holding a significant advantage in the mid-to-high-end V-belt market[6]. - The company is the leading enterprise in the V-belt industry in terms of production and sales volume, maintaining a significant market presence[32]. - The company is focused on expanding its market presence while addressing risks associated with international trade policies and economic conditions[6]. - The company aims to adjust its product structure in response to market complexities and enhance its operational efficiency[31]. - The company plans to enhance its core competitiveness through R&D and aims to improve production efficiency by implementing automation and digitalization[97]. - The company is focusing on deepening its main business of rubber V-belts to increase profitability and market share[97]. Research and Development - The company plans to continue investing in research and development, focusing on the transformation and construction of intelligent, automated, and digital factories[31]. - The company has completed several R&D projects aimed at enhancing product quality and expanding market share, including improvements in V-belt and nylon rope technologies[61]. - The company holds 59 patents in rubber V-belt technology, including 23 invention patents and 36 utility model patents[43]. - R&D expenses increased by 3.70% to ¥36,297,471.66, maintaining a stable investment level[60]. Operational Challenges - The company faced challenges in 2021 due to rising raw material prices and decreased demand in the fourth quarter, impacting profitability[31]. - The company is facing risks related to labor resource shortages and aging workforce, prompting efforts to increase recruitment and develop smart manufacturing[6]. - The company acknowledges potential market risks from domestic competitors upgrading technology and foreign giants entering the market[6]. - The company faces risks from raw material price fluctuations, which could impact its gross profit margins[98]. Corporate Governance - The company maintained a good governance structure, complying with relevant laws and regulations, ensuring equal rights for all shareholders, especially minority shareholders[105]. - The company has established a complete and independent financial accounting system, ensuring financial independence from the controlling shareholder[107]. - The company has implemented a transparent information disclosure system, ensuring timely and accurate information release[106]. - The company has not engaged in any related party transactions that could lead to unfair competition with the controlling shareholder[109]. - The company has maintained a good level of independence in its operations, assets, personnel, and financial matters[107]. Employee Management - The total number of employees at the end of the reporting period is 913, with 707 in production, 23 in sales, 104 in technology, 13 in finance, and 66 in administration[133]. - The company has a training plan in place to support employee development in line with its growth needs[135]. - The company has established various compensation management systems to ensure compliance with relevant laws and regulations[134]. - The company has implemented a performance-based salary system for its executives, with basic annual salaries paid monthly and performance bonuses paid annually[120]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions, including exploring new energy-saving processes and increasing green areas in the factory[155]. - The company has established a wastewater treatment station and improved waste gas treatment facilities to comply with environmental regulations[154]. - The company adheres to environmental protection laws and continuously improves waste management through equipment upgrades and technological innovation[159]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[154]. Investment and Financing - The company reported a total of RMB 60,436.6 million raised from the public offering of convertible bonds, with RMB 41,118.91 million utilized by the end of the reporting period[84]. - The company has ongoing major non-equity investments totaling CNY 251,688,400.00, with a cumulative investment of CNY 57,862,500.00 during the reporting period[78]. - The company has made a significant equity investment of CNY 79,500,000.00 in a medical device company, holding a 12.40% stake[75]. - The company increased financing cash inflow by 242.60% to ¥53,103,500.00, mainly due to increased bank borrowings[65]. Social Responsibility - The company actively engages in social welfare activities, including donations of clothing and books, fulfilling its corporate social responsibility[159].

Financial Performance - Revenue for Q1 2022 was ¥167,645,629.64, a decrease of 1.15% compared to ¥169,599,432.90 in the same period last year[3] - Net profit attributable to shareholders was -¥5,416,703.06, representing a decline of 169.64% from ¥7,778,534.14 year-over-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,443,104.38, down 51.82% from ¥25,826,027.10 in the previous year[3] - Net profit for the first quarter was a loss of ¥5,303,522.33, compared to a profit of ¥7,550,324.12 in the same period last year[19] - The total comprehensive income attributable to the parent company was -5,416,703.06 CNY, compared to 7,778,534.14 CNY in the previous period, indicating a significant decline[20] Cash Flow - Net cash flow from operating activities was -¥78,199,727.28, a significant decrease of 278.55% compared to ¥43,798,109.72 in the same period last year[3] - The total cash inflow from operating activities was 187,027,021.14 CNY, while the total cash outflow was 265,226,748.42 CNY, resulting in a net cash outflow[23] - The cash outflow from investing activities was -79,673,934.50 CNY, compared to a cash inflow of 13,665,623.97 CNY in the previous period[23] - The company did not report any cash inflow from financing activities during the current period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,971,967,657.74, down 2.82% from ¥3,058,082,753.71 at the end of the previous year[3] - Current liabilities decreased to ¥225,727,365.86 from ¥311,832,216.47 at the beginning of the year, a reduction of 27.6%[16] - Non-current assets increased to ¥1,251,588,147.60 from ¥1,194,629,315.58, reflecting a growth of 4.8%[15] - The company's total liabilities decreased to ¥526,801,000.80 from ¥609,394,901.99, a reduction of 13.5%[16] Shareholder Information - Basic and diluted earnings per share were both -¥0.010, a drop of 200.00% from ¥0.01 in the previous year[3] - Shareholders' equity attributable to shareholders was ¥2,439,611,380.65, a slight decrease of 0.15% from ¥2,443,245,756.16 at the end of the previous year[3] Operational Insights - Total operating revenue for the first quarter was ¥167,645,629.64, a decrease of 1.1% from ¥169,599,432.90 in the previous period[18] - Total operating costs increased to ¥149,872,956.85, up 8.8% from ¥137,765,801.50 in the previous period[18] - The company experienced increased production costs due to the impact of the pandemic, contributing to the decline in net profit[8] Other Financial Activities - The company reported a total of ¥1,578,500.00 in government subsidies related to normal business operations[6] - The company did not receive any tax refunds during the current period, compared to 6,303,766.47 CNY in the previous period[23] - The company experienced a foreign exchange loss of -1,000,672.43 CNY, contrasting with a gain of 2,011,015.42 CNY in the previous period[24] - The company reported a significant increase in long-term equity investments to ¥74,319,279.26 from ¥33,752,697.04, a growth of 120.5%[14] - The company's cash and cash equivalents decreased to ¥1,106,762,701.98 from ¥1,268,745,010.99, a decline of 12.7%[14] - Inventory increased to ¥312,155,250.70 from ¥286,477,193.05, representing an increase of 8.9%[14]