Financial Performance - The company's operating revenue for Q1 2023 was ¥70,118,725.26, representing a 16.21% increase compared to ¥60,338,203.65 in the same period last year[3] - Net profit attributable to shareholders was ¥4,752,436.05, up 16.00% from ¥4,097,049.65 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 36.11% to ¥3,764,465.92 from ¥2,765,811.12 in the previous year[3] - Basic and diluted earnings per share both doubled to ¥0.02 from ¥0.01 year-on-year[3] - Operating profit for the current period was ¥4,553,614.14, up from ¥4,006,920.87, reflecting a growth of 13.7%[17] - The company’s total profit for the current period was ¥4,684,092.38, an increase from ¥4,019,397.15 in the previous period, showing overall growth[17] Cash Flow - The net cash flow from operating activities improved significantly to ¥8,633,841.76, a 271.32% increase from a negative cash flow of -¥5,039,453.40 in the same period last year[3] - Cash and cash equivalents at the end of the period were ¥28,063,307.43, up from ¥17,970,637.73 in the previous period[21] - The company experienced a net cash outflow from investing activities of ¥10,689,308.29, compared to a smaller outflow of ¥137,850.81 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥558,071,291.47, a slight decrease of 0.48% from ¥560,740,396.04 at the end of the previous year[3] - Total current assets decreased from 440,493,573.77 CNY at the beginning of the year to 435,301,730.89 CNY at the end of the period, a decrease of approximately 0.43%[13] - Total liabilities decreased from 484,417,930.60 CNY to 476,737,488.40 CNY, a reduction of approximately 1.4%[15] - Total assets decreased from 560,740,396.04 CNY to 558,071,291.47 CNY, a decline of about 0.5%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 65,524[9] - The largest shareholder, Weihai Weigao International Medical Investment Holding Co., Ltd., holds 17.50% of shares, totaling 53,825,800 shares[9] - Shareholders' equity attributable to the parent company increased by 6.62% to ¥81,826,057.33 from ¥76,746,376.03 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company increased from 76,746,376.03 CNY to 81,826,057.33 CNY, an increase of approximately 6.7%[15] Operating Costs and Expenses - The company reported a decrease in total operating costs to ¥65,775,688.44 from ¥56,970,550.81, resulting in improved profitability[17] - Research and development expenses increased to ¥2,289,609.40 from ¥2,080,598.39, indicating a focus on innovation[17] - The company experienced a 142.32% increase in taxes and surcharges, amounting to ¥300,269.34 due to increased turnover taxes[6] Other Financial Metrics - The company reported a significant increase in other operating income, which rose by 945.81% to ¥130,478.24 compared to ¥12,476.28 in the previous year[6] - The company reported a 371.14% increase in receivables financing, reaching ¥11,414,601.47 compared to ¥2,422,782.93 in the previous year[6] - The company's retained earnings showed a slight improvement, moving from -1,037,947,558.95 CNY to -1,033,195,122.90 CNY[15]

证券代码：002248 证券简称：华东数控 威海华东数控股份有限公司 2020 年度业绩说明会投资者关系活动记录表 编号：2021-001 | --- | --- | --- | --- | --- | --- | --- | |------------------------|----------------------------------------------|------------------------------|-----------------------------------------------------------------------|-------|------------|--------| | | | | | | | | | 投资者关系活动类别 | □ 特定对象调研 | □ | 分析师会议 | | | | | | □ 媒体采访 | ☑ | 业绩说明会 | | | | | | □ 新闻发布会 | □ | 路演活动 | | | | | | | | | | | | | 参与单位名称及人员姓名 | □ 现场参观 □ 其他 通 过 全 景 网 " | | （请文字说明其他活动 ...

1 证券代码：002248 证券简称：华东数控 威海华东数控股份有限公司 投资者关系活动记录表 编号：2022-001 | --- | --- | --- | --- | --- | --- | |--------------------|-------------------------------------------------------|----------------------------------|-------------------------------------------------------------------------|--------------------|--------------------------------------------------------------------------------------------------------| | | | | | | | | 投资者关系活动类别 | □ 特定对象调研 □ 媒体采访 □ 新闻发布会 □ 现场参观 □ | 分析师会议 ☑ 业绩说明会 路演活动 | □ □ 其他（请文字说明其他活动 ...

1 证券代码：002248 证券简称：华东数控 公告编号：2022-042 威海华东数控股份有限公司 关于参加山东辖区上市公司 2022 年度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、误导性陈述或重大遗漏。 为进一步加强与广大投资者的沟通交流，威海华东数控股份有限公司（简称 "公司"）将参加由山东证监局、山东上市公司协会等联合举办的"山东辖区上市公 司2022年度投资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过全景路演平台举行，投资者可以登录 全景网"投资者关系互动平台"（http://ir.p5w.net/）参与本次投资者网上接待日活动。 网上互动交流时间为2022年11月16日（星期三）14:00-16:00。 届时公司董事会秘书刘璐、财务总监肖崔英将采用网络在线交流方式，与投 资者就公司治理、发展战略、经营状况等问题进行沟通，欢迎广大投资者积极参 与。 特此公告。 威海华东数控股份有限公司董事会 二〇二二年十一月十二日 ...

Financial Performance - The company's revenue for Q3 2022 was ¥61,470,841.25, a decrease of 18.05% compared to the same period last year[4] - Net profit attributable to shareholders was ¥3,302,229.19, an increase of 38.76% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥1,438,808.86, up 1.49% from the previous year[4] - Total operating revenue for the current period was ¥197,464,606.30, a decrease of 15.36% from ¥233,377,086.86 in the previous period[20] - Net profit for the current period was ¥11,086,707.49, an increase of 43.5% compared to ¥7,712,539.75 in the previous period[20] - Basic earnings per share rose to ¥0.04 from ¥0.03, reflecting a 33.33% increase[20] Assets and Liabilities - Total assets at the end of the reporting period reached ¥589,032,681.09, reflecting an increase of 11.57% from the end of the previous year[4] - The total assets of the company reached ¥589,032,681.09, compared to ¥527,931,064.89 at the beginning of the year[18] - The company's total liabilities increased to ¥513,606,523.87 from ¥464,560,635.81 at the beginning of the year[18] - The company's inventory as of September 30, 2022, was ¥300,191,354.71, up from ¥247,926,491.03 at the beginning of the year[16] Cash Flow and Financing - Cash flow from operating activities showed a net outflow of ¥15,606,057.47, a significant decline of 169.72% year-to-date[4] - Cash flow from operating activities showed a net outflow of ¥15,606,057.47, compared to a net inflow of ¥22,382,652.38 in the previous period[24] - Cash and cash equivalents at the end of the period increased to ¥19,144,758.55 from ¥16,534,271.90, marking a net increase of ¥2,458,505.12[24] - The company received ¥60,000,000.00 in cash from borrowings, an increase from ¥40,000,000.00 in the previous period[24] - The company received government subsidies amounting to ¥998,125.29 during the reporting period, which is a significant increase compared to previous periods[5] - The company reported a significant increase in other income, which rose by 226.68% to ¥2,130,745.44 due to higher government subsidies received[8] - The company's cash and cash equivalents increased by 95.81% to ¥32,672,758.55 compared to the end of the previous year[8] Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,239[10] - The largest shareholder, Weihai Weigao International Medical Investment Holding Co., Ltd., holds 17.50% of the shares, totaling 53,825,800 shares[10] Operational Strategy - The company reported a significant decline in new orders due to the pandemic, impacting its machine tool industry performance[11] - The company adopted a sales-driven production strategy to manage output and inventory effectively amid external challenges[11] Research and Development - Research and development expenses increased to ¥7,202,158.32, up from ¥6,896,219.15, indicating a focus on innovation[20] Cost Management - Total operating costs decreased to ¥186,403,184.96, down 17.6% from ¥226,222,871.59 in the previous period[20] - The company reported a decrease in sales expenses to ¥12,104,602.07 from ¥12,774,167.87, reflecting cost management efforts[20] Audit Information - The company has not conducted an audit for the third-quarter report[12]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥135,993,765.05, a decrease of 14.13% compared to ¥158,369,811.79 in the same period last year[24]. - The net profit attributable to shareholders of the listed company increased by 17.64% to ¥7,996,155.92, up from ¥6,797,227.52 in the previous year[24]. - The net profit after deducting non-recurring gains and losses rose by 75.49% to ¥5,417,967.35, compared to ¥3,087,368.57 in the same period last year[24]. - The net cash flow from operating activities was negative at -¥1,031,518.83, a decline of 105.26% from ¥19,623,179.68 in the previous year[24]. - Total assets at the end of the reporting period were ¥580,874,687.38, reflecting a 10.03% increase from ¥527,931,064.89 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company increased by 13.59% to ¥72,396,564.15, compared to ¥63,735,493.02 at the end of the previous year[24]. - Basic earnings per share rose by 50.00% to ¥0.03, up from ¥0.02 in the same period last year[24]. - Diluted earnings per share also increased by 50.00% to ¥0.03, compared to ¥0.02 in the previous year[24]. - The weighted average return on equity decreased to 11.81%, down from 13.12% in the previous year, a decline of 1.31%[24]. - The company achieved operating revenue of 135.99 million yuan, a year-on-year decrease of 14.13%[37]. - Net profit attributable to shareholders increased by 17.64% to 7.9962 million yuan, while net profit excluding non-recurring gains and losses rose by 75.49% to 5.4180 million yuan[37]. - Total assets grew by 10.03% to 580.87 million yuan, and net assets attributable to shareholders increased by 13.59% to 72.3966 million yuan[37]. - The financial condition of the company has shown significant improvement, indicating a positive development phase in its operations[37]. - The company reported a total revenue of $1,250,000 for the first half of 2022, with a net loss of approximately $695,507.82[75]. Business Strategy and Operations - The company specializes in the research, production, and sales of CNC machine tools and key components, with no significant changes in its main business since establishment[34]. - The company adjusted its business strategy to continuously develop new products that meet market demand, enhancing marketing efforts and reducing product costs[38]. - The company is focused on expanding its market presence in emerging industries such as new energy vehicles and precision optical components[35]. - Future product development will continue to enhance the performance and efficiency of existing machine tools, targeting high-end manufacturing sectors[35]. - The company aims to leverage its technological advantages to capture a larger share of the domestic and international markets[35]. - The company has diversified its customer base across various industries, including railways, automotive, aerospace, and military, which helps mitigate market risks[76]. - The company faces significant competition in the machine tool industry, particularly in the CNC machine segment, where it competes with both domestic and foreign enterprises[78]. - The company has established partnerships with renowned foreign companies and domestic research institutions to enhance its technological capabilities and product development[79]. Research and Development - The company holds 171 patents, showcasing its commitment to innovation and maintaining a competitive edge in the high-tech CNC machine tool industry[39]. - The company has established several provincial-level R&D platforms, including a technology center and a postdoctoral research station, enhancing its research capabilities[40]. - The company’s R&D investment increased by 4.63% to ¥4,636,985.97, indicating a continued focus on innovation[47]. - The company emphasizes quality control and cost management from the design stage to enhance product price competitiveness[38]. - The company has developed new products and upgraded existing ones in response to the sustained demand in the machine tool market[38]. Cash Flow and Financial Management - The cash flow from operating activities showed a significant decline of 105.26%, resulting in a negative cash flow of ¥1,031,518.83 compared to a positive cash flow of ¥19,623,179.68 in the previous year[47]. - The net cash flow from investing activities was -2,074,100 CNY, a decrease of 3,507,630 CNY year-on-year, mainly due to reduced cash received from financial products[58]. - The net cash flow from financing activities was 18,406,800 CNY, an increase of 7,694,240 CNY year-on-year, primarily due to increased bank borrowings[61]. - Cash and cash equivalents at the end of the period amounted to 45,940,573.80 CNY, an increase of 175.32% from the beginning of the year, primarily due to bank loans received[55]. - The total cash inflow from operating activities decreased to 59,622,466.25 CNY in 2022 from 77,518,545.13 CNY in 2021, representing a decline of approximately 23%[145]. - Cash outflow from operating activities increased to 60,653,985.08 CNY in 2022, compared to 57,895,365.45 CNY in 2021, marking an increase of about 5%[145]. Environmental and Social Responsibility - The company emphasizes environmental responsibility by optimizing water usage and waste management, achieving compliance with environmental standards[89]. - The company has maintained a stable and high-quality workforce, which is crucial for its high-end CNC machine business development[81]. Shareholder Information - The company has not distributed cash dividends or bonus shares for the first half of 2022, nor has it increased capital through reserves[86]. - The total number of shares remained at 307,495,600, with no changes in the share structure[118]. - The largest shareholder, Weihai Weigao International Medical Investment Co., Ltd., holds 17.50% of shares, totaling 53,825,800 shares[121]. - The total equity attributable to the parent company at the end of the reporting period is CNY 63,370,429.08, unchanged from the previous period[152]. Legal and Compliance - The company's half-year financial report has not been audited[96]. - There were no significant litigation or arbitration matters during the reporting period[98]. - The company did not engage in any major related party transactions during the reporting period[100]. - There were no major contracts or guarantees during the reporting period[111]. - The company has assessed its ability to continue as a going concern and found no significant doubts regarding its ongoing viability[178].

Financial Performance - The company's operating revenue for 2021 was CNY 315,080,796.62, representing a 50.03% increase compared to CNY 210,013,902.52 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 14,192,053.45, a significant turnaround from a loss of CNY 84,469,632.18 in 2020, marking a 116.80% increase[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,225,949.46, compared to a loss of CNY 50,311,615.18 in the previous year, reflecting a 114.36% improvement[24]. - The net cash flow from operating activities for 2021 was CNY 23,138,353.37, slightly down by 3.20% from CNY 23,902,534.56 in 2020[24]. - Basic earnings per share increased to CNY 0.05, a 118.52% improvement from a loss of CNY 0.27 in the previous year[25]. - The weighted average return on equity rose to 25.33%, up 119.74% from -94.41% in 2020[25]. - Total assets at the end of 2021 were CNY 527,931,064.89, reflecting a 1.71% increase from CNY 519,030,046.89 in 2020[25]. - Net assets attributable to shareholders increased by 31.64% to CNY 63,735,493.02 from CNY 48,417,478.75 in 2020[25]. - The company reported a net profit for the reporting period of CNY 12,269,118.62, a significant improvement from a net loss of CNY 100,485,818.73 in the previous period[77]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a growth of 15% compared to the previous year[126]. Market and Industry Trends - The machine tool industry in China saw a 28.9% increase in revenue for metal cutting machine tools in 2021[35]. - The total import and export value of machine tools reached USD 331.3 billion in 2021, a 29.6% year-on-year increase[36]. - The company operates in a favorable market environment, with significant growth in demand for CNC machine tools projected post-adjustment in the automotive sector[36]. - User data indicates a growing demand for high-precision machining solutions, particularly in the automotive and aerospace sectors[39]. - The company is focusing on expanding its market presence in sectors such as aerospace, automotive, and heavy machinery, indicating a strategic shift towards high-demand industries[39]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[126]. - Market expansion efforts have led to a 30% increase in sales in international markets, particularly in Southeast Asia[133]. Research and Development - The company has obtained 171 patents, including 32 invention patents, enhancing its competitive edge in the market[44]. - The company aims to enhance its R&D capabilities to innovate and develop new technologies, which will support future growth and competitiveness[39]. - R&D investment increased by 28.94% in 2021, totaling ¥12,844,950.55 compared to ¥9,962,023.15 in 2020[73]. - The number of R&D personnel rose to 42 in 2021, a 13.51% increase from 37 in 2020, with the proportion of R&D staff increasing to 11.97%[73]. - The company has developed multiple patents and proprietary technologies through independent and cooperative research and development, achieving international advanced or domestic leading levels[92]. Operational Efficiency - The gross profit margin improved by 1.57 percentage points, with a decrease in selling, administrative, and financial expenses[50]. - The company is committed to enhancing its independent director system to further safeguard the interests of all shareholders[112]. - The company aims to enhance operational efficiency, targeting a 5% reduction in operational costs through process optimization[129]. - The company is focusing on upgrading its product lines, including gantry milling and grinding machines, to enhance product performance and quality[94]. - The company has established a competitive salary system based on job categories, combining basic salary and performance-based incentives for different employee groups[150]. Governance and Management - The company has established a comprehensive internal control system to ensure effective governance and protect shareholder interests[105]. - The company operates independently from its controlling shareholder, maintaining clear boundaries in assets, personnel, and financial management[107]. - The company has a clear separation of powers between the board and management, ensuring objective decision-making to protect shareholders' interests[112]. - The company has appointed new independent directors and supervisors as part of the sixth board election, enhancing governance and oversight[116]. - The company has maintained a stable board composition with a mix of experienced and independent directors, ensuring diverse perspectives in decision-making[115]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares for the current fiscal year[159]. - The company has a cash dividend distribution policy that requires at least 10% of the distributable profit to be distributed in cash if the profit is positive and cash flow is sufficient[155]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.2511 million CNY[138]. - The company emphasizes a combination of incentives and assessments in its remuneration strategy to motivate its management team[135]. - The company reported no penalties from regulatory authorities for directors, supervisors, or senior management in the past three years[135]. Sustainability and Social Responsibility - The company is committed to sustainability, with plans to reduce carbon emissions by 15% over the next three years[127]. - The company has implemented environmental management systems and achieved certifications, ensuring compliance with wastewater discharge standards and reducing carbon emissions through initiatives like paperless operations[175]. - The company has committed to social responsibility by focusing on environmental protection and energy conservation while providing a safe working environment for employees[176]. Risks and Challenges - The company has identified potential risks in its future operations, which may impact its performance[6]. - The company faces risks related to macroeconomic conditions, which can impact demand in downstream industries such as railways, automotive, and aerospace[96]. - In 2021, the company experienced market demand suppression due to the ongoing COVID-19 pandemic and global supply chain disruptions, affecting production costs and profit margins[97]. - Despite improvements in core business operations, the company still faces financial pressure and funding risks due to the overall domestic economic situation[99].

Financial Performance - The company's operating revenue for Q1 2022 was ¥60,338,203.65, a decrease of 14.85% compared to ¥70,857,273.85 in the same period last year[2] - Net profit attributable to shareholders was ¥4,097,049.65, down 17.89% from ¥4,989,457.31 year-on-year[2] - The net profit after deducting non-recurring gains and losses increased by 61.00% to ¥2,765,811.12, compared to ¥1,717,939.17 in the previous year[2] - Basic and diluted earnings per share were both ¥0.013, down 18.75% from ¥0.016[2] - Net profit for the period was ¥4,019,397.15, down from ¥4,681,514.68, reflecting a decrease of approximately 14.1% year-over-year[18] - The company reported a decrease in basic and diluted earnings per share to ¥0.013 from ¥0.016, a decline of approximately 18.8%[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥5,039,453.40, a decline of 145.56% from ¥11,060,898.29 in the same period last year[2] - Cash flow from operating activities showed a net outflow of ¥5,039,453.40 compared to a net inflow of ¥11,060,898.29 in the previous period[20] - The company generated ¥30,030,441.01 in cash inflows from operating activities, down from ¥35,980,421.82, a decrease of about 16.5% year-over-year[20] - Cash and cash equivalents at the end of the period increased to ¥17,970,637.73 from ¥7,997,925.33, indicating a significant improvement in liquidity[20] - The company's cash and cash equivalents increased to ¥25,333,761.08 from ¥16,686,252.43 at the beginning of the year, representing a growth of approximately 51.5%[13] Assets and Liabilities - Total assets at the end of the reporting period were ¥531,028,501.30, an increase of 0.59% from ¥527,931,064.89 at the end of the previous year[2] - The company's total liabilities decreased to ¥463,280,118.50 from ¥464,560,635.81, a reduction of approximately 0.3%[16] - Total assets at the end of the reporting period amounted to ¥531,028,501.30, slightly up from ¥527,931,064.89 at the beginning of the year[16] - Shareholders' equity attributable to the parent company increased by 6.99% to ¥68,191,099.24 from ¥63,735,493.02 at the end of the previous year[2] - The total equity attributable to the parent company increased to ¥68,191,099.24 from ¥63,735,493.02, an increase of about 6.4%[16] - The company reported an accumulated deficit of ¥1,045,512,232.44, slightly improved from ¥1,049,609,282.09 at the beginning of the year[16] Operating Costs and Expenses - Total operating costs decreased to ¥56,970,550.81 from ¥69,368,290.54, a reduction of about 17.8% year-over-year[18] - Research and development expenses increased to ¥2,080,598.39 from ¥1,949,961.96, marking an increase of about 6.7% year-over-year[18] - Cash paid for purchasing goods and services increased by 102.12% to ¥19,559,991.19 from ¥9,677,609.65 in the same period last year[6] Shareholder Information - The total number of common shareholders at the end of the reporting period is 60,656[9] - The largest shareholder, Weihai Weigao International Medical Investment Holdings, holds 17.50% of shares, totaling 53,825,800 shares[9] Government Support - The company received government subsidies amounting to ¥332,764.32, which was significantly higher than the previous year's ¥150,000.00, reflecting a 121.84% increase[6] - The company reported a 300.93% increase in tax refunds received, totaling ¥799,838.88 compared to ¥199,495.67 in the previous year[6]

威海华东数控股份有限公司 2021 年第三季度报告 证券代码：002248 证券简称：华东数控 公告编号：2021-050 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证季 度报告中财务信息的真实、准确、完整。 3、第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 （一）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 2021 年第三季度报告 □ 是 √ 否 | 项 目 | 本报告期 | 本报告期比上 年同期增减 | 年初至报告期末 | 年初至报告期末 比上年同期增减 | | --- | --- | --- | --- | --- | | 营业收入（元） | 75,007,275.07 | 37.98% | 233,377,086.86 | 49.41% | | 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 ¥158,369,811.79, representing a 55.51% increase compared to ¥101,840,342.43 in the same period last year[22]. - The net profit attributable to shareholders was ¥6,797,227.52, a significant turnaround from a loss of ¥32,951,216.03 in the previous year, marking a 120.63% improvement[22]. - The net profit after deducting non-recurring gains and losses was ¥3,087,368.57, compared to a loss of ¥47,818,532.12 in the same period last year, reflecting a 106.46% increase[22]. - The net cash flow from operating activities was ¥19,623,179.68, up 49.94% from ¥13,087,095.49 in the previous year[22]. - The basic earnings per share improved to ¥0.02 from a loss of ¥0.11, indicating an increase of 118.18%[22]. - The company achieved operating revenue of 158.37 million yuan, a year-on-year increase of 55.51%[32]. - Net profit attributable to shareholders reached 6.80 million yuan, up 120.63% year-on-year[32]. - The net profit after deducting non-recurring gains and losses was 3.09 million yuan, an increase of 106.98% compared to the same period last year[32]. - Cash flow from operating activities was 19.62 million yuan, reflecting a year-on-year growth of 49.94%[32]. - The company has successfully turned losses into profits, indicating a significant improvement in financial conditions and a positive development phase[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥487,411,584.76, a decrease of 6.09% from ¥519,030,046.89 at the end of the previous year[22]. - The total amount of accounts receivable decreased by 37.63% to ¥8,559,881.54, indicating improved collection efforts[44]. - The company's total liabilities decreased to CNY 430,980,120.52, down 8.09% from CNY 469,054,697.25 at the end of 2020[130]. - The total current assets were CNY 384,842,399.99, a decline of 7.80% compared to CNY 417,466,454.87 at the end of 2020[128]. - The total inventory at the end of the reporting period was ¥216,394,541.63, which constituted 44.40% of total assets[55]. - The company's cash and cash equivalents decreased by 90.66% to -¥5,870,229.63, reflecting increased sales revenue and compensation received for equipment relocation[43]. Research and Development - R&D investment increased by 34.43% year-on-year, focusing on high-speed, high-precision, multi-axis, and environmentally friendly CNC machine tools[33]. - Research and development expenses rose by 34.43% to ¥4,431,951.87, reflecting increased investment in new product development[43]. - The company holds 171 patents, including 32 invention patents, and has established several provincial-level R&D platforms[36]. - The company maintains a commitment to R&D, collaborating with renowned international firms and domestic research institutions to innovate and develop new products[70]. Market and Products - The company specializes in the research, production, and sales of CNC machine tools and key functional components, with no significant changes in its main business since establishment[30]. - Key products include CNC gantry milling machines, CNC gantry grinding machines, and universal milling machines, which are widely applicable in industries such as aerospace, automotive, and engineering machinery[30]. - The HLC series of horizontal machining centers features a robust T-shaped structure, providing high rigidity and precision, suitable for complex machining in various sectors[30]. - The XKW series CNC gantry boring and milling machines are designed for high performance and precision, targeting heavy-duty machining applications in aerospace and railway industries[30]. - The MC series of gantry surface grinding machines utilize advanced technology for high rigidity and compact structure, making them suitable for precision grinding of various materials[31]. - The company emphasizes energy efficiency in its machines, with servo motors used in hydraulic stations to reduce energy consumption[31]. - The product range includes high-precision CNC external grinding machines, capable of processing various cylindrical and conical surfaces for small to medium-sized parts[31]. - The company continues to focus on technological advancements and product development to enhance its competitive edge in the market[30]. - Future strategies include expanding market presence and exploring potential mergers and acquisitions to drive growth[30]. Financial Management - The company reported a total of 1,300 million RMB in entrusted financial management, with no overdue amounts or impairment provisions[103]. - The company has maintained a good credit status and has not been listed as a dishonest entity[91]. - The company has not engaged in any significant environmental violations or received administrative penalties during the reporting period[79]. - The company has not reported any major environmental or social responsibility initiatives during the reporting period[80]. Shareholder Information - The total number of shares is 307,495,600, with 96.46% being unrestricted shares[114]. - The largest shareholder, Weihai Weigao International Medical Investment Holding Co., Ltd., holds 17.50% of the total shares, amounting to 53,825,800 shares[118]. - The company has 23,244 common shareholders at the end of the reporting period[118]. - There were no changes in the controlling shareholder or actual controller during the reporting period[121][122]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[119]. Risk Management - The company has outlined potential risks and countermeasures in its management discussion, emphasizing the importance of investor awareness regarding investment risks[6]. - The company faces risks from raw material price fluctuations, particularly in casting materials, which significantly affect the gross margin of ordinary machine tools[67]. - The competitive landscape in the machine tool industry remains intense, with pressures from both domestic and foreign competitors[68]. - The company has a stable and high-quality employee team, but faces risks in talent acquisition and development due to the rapid growth of its high-end CNC machine tool business[71]. Accounting Policies - The accounting basis is based on the accrual method, with historical cost as the measurement basis, except for certain financial instruments measured at fair value[165]. - The company adheres to the accounting policies and estimates as per the enterprise accounting standards, ensuring the financial statements reflect true and complete information[167]. - The company uses Renminbi as its functional currency for accounting[170].