山东墨龙石油机械股份有限公司（以下简称"公司"）根据《深圳证券交易所股 票上市规则》有关规定，对公司及控股子公司连续十二个月内累计诉讼、仲裁事项进 行了统计，现将有关统计情况公告如下： 一、累计诉讼、仲裁事项的基本情况 根据《深圳证券交易所股票上市规则》有关规定，上市公司连续十二个月内发生 的诉讼、仲裁事项应当采取累计计算的原则，公司累计诉讼、仲裁事项已达到披露标 准。 截至本公告披露日，公司及控股子公司连续十二个月内累计诉讼、仲裁案件共计 78 件，合计涉案金额约为人民币 14,794.86 万元，占公司最近一期经审计净资产绝对 值的 14.98%。其中，公司及控股子公司作为原告或申请人涉及的案件共 4 件，合计金 额约为人民币 5,354.42 万元；公司及控股子公司作为被告或被申请人涉及的案件共 74 件，合计金额约为人民币 9,440.44 万元。 截至本公告披露日，公司及控股子公司不存在单项涉案金额占公司最近一期经审 计净资产绝对值 10%以上，且绝对金额超过人民币 1,000 万元的重大诉讼、仲裁事项。 证券代码：002490 证券简称：山东墨龙 公告编号：2023-034 山东墨龙石油机械股份有 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥408,037,331.85, a decrease of 27.25% compared to ¥560,910,297.59 in the same period last year[2] - The net profit attributable to shareholders for Q1 2023 was -¥87,097,310.59, representing a decline of 29.40% from -¥67,308,447.89 in Q1 2022[2] - The total operating revenue for the first quarter of 2023 was CNY 408,037,331.85, a decrease of 27.2% compared to CNY 560,910,297.59 in the same period last year[20] - The net loss for Q1 2023 was ¥89,259,022.14, compared to a net loss of ¥70,783,709.89 in Q1 2022, representing a 26.1% increase in losses[22] - The total comprehensive loss for Q1 2023 was ¥89,020,844.16, compared to a loss of ¥70,713,267.46 in Q1 2022[22] Cash Flow - The net cash flow from operating activities improved significantly to ¥34,975,015.23, a 143.89% increase from -¥79,690,821.17 in the previous year[9] - The cash flow from operating activities generated a net inflow of ¥34,975,015.23, a significant recovery from a net outflow of ¥79,690,821.17 in the same period last year[24] - The company reported a net cash outflow from financing activities of ¥165,815,321.89, compared to a smaller outflow of ¥20,818,987.33 in Q1 2022[25] - The company's cash and cash equivalents increased to CNY 568,186,059.25 from CNY 459,657,822.57, representing a growth of 23.7%[16] - The cash and cash equivalents at the end of Q1 2023 stood at ¥220,448,909.59, down from ¥308,774,884.48 at the end of Q1 2022[25] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,977,502,521.86, down 1.51% from ¥4,038,605,559.51 at the end of the previous year[2] - The company's total liabilities reached CNY 3,156,108,130.01, compared to CNY 3,128,252,351.27 at the beginning of the year, reflecting an increase of 0.9%[18] - Current liabilities totaled CNY 3,018,956,949.33, an increase from CNY 2,972,995,413.88, marking a rise of 1.5%[18] - The equity attributable to shareholders decreased by 8.79% to ¥901,139,920.26 from ¥987,960,842.88 at the end of the previous year[2] Receivables and Payables - The company reported a significant increase in receivables financing, which rose by 112.06% to ¥11,391,581.42 compared to ¥5,371,855.71 at the end of the previous year[6] - The company experienced a 41.84% increase in payables, reaching ¥91,992,647.29, attributed to increased payments settled with bank acceptance bills[6] - Accounts receivable rose to CNY 323,716,814.28, up from CNY 294,399,562.75, indicating an increase of 10%[16] Impairment and Losses - The company recorded a 2,590.09% increase in credit impairment losses, amounting to ¥1,253,764.98, due to reduced impairment provisions on accounts receivable[8] - The net loss attributable to the parent company was CNY 946,114,861.10, worsening from a loss of CNY 859,017,550.51 in the previous period[18] Operational Costs and Expenses - The total operating costs amounted to ¥496,103,919.95, down 21.5% from ¥632,464,298.39 in the previous year[21] - The company incurred research and development expenses of ¥4,542,237.38, a decrease of 17% from ¥5,471,566.75 in the previous year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,510, with the largest shareholder holding 29.53% of the shares[10] - The basic and diluted earnings per share for Q1 2023 were both -0.1092, compared to -0.0844 in Q1 2022[22] Management Changes - The company appointed Mr. Yuan Rui as the chairman of the board on February 24, 2023, with the term lasting until the end of the current board's tenure[13]

证券代码：002490 股票简称：山东墨龙 山东墨龙石油机械股份有限公司 投资者关系活动记录表 编号：2023-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 ☑业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 通过登陆深圳证券交易所"互动易"平台参与说明会的投资者 | | 时间 | 2023 年 4 月 20 日 15:30--17:00 | | 地点 | 深圳证券交易所"互动易"平台（http://irmcninfo.com.cn）"云 | | | 访谈"栏目 | | | 总经理 李志信先生 | | 上市公司接待 | 独立董事 唐庆斌先生 | | 人员姓名 | 副总经理兼财务总监 郝云峰先生 | | | 副总经理兼董事会秘书 赵晓潼先生 | | 投资者关系活动 | 公司于 年 月 2023 4 20 日（星期四）15:30--17:00 在深圳 | | 主要内容介绍 | 证券交易所"互动易"平台(http://irmcninf ...

证券代码：002490 证券简称：山东墨龙 公告编号：2023-021 山东墨龙石油机械股份有限公司 关于举行2022年度网上业绩说明会的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、 误导性陈述或者重大遗漏。 山东墨龙石油机械股份有限公司（以下简称"公司"）2022 年年度报告及摘要 已于 2023 年 4 月 1 日在指定媒体披露，为使投资者进一步了解公司 2022 年度的发 展战略、经营情况及财务状况，公司将于 2023 年 4 月 20 日（星期四）15:30-17:00 举办 2022 年度业绩说明会。本次年度业绩说明会将采用网络远程方式举行，投资 者可登陆深圳证券交易所"互动易"平台(http://irmcninfo.com.cn)进入"云访谈"栏 目参与本次年度业绩说明会。 出席本次业绩说明会的人员有：公司总经理、独立董事、财务总监以及董事会 秘书。 为充分尊重投资者、提升交流的针对性，增加投资者对公司的了解，提升公司 治理水平和企业整体价值，现就公司 2022 年度业绩说明会提前向投资者公开征集 问题，广泛听取投资者的意见和建议。投资者可在本次年度业绩说明会召开日前 ...

Financial Performance - The company's operating revenue for 2022 was ¥2,765,645,281.40, a decrease of 25.94% compared to ¥3,734,462,841.12 in 2021[18]. - The net profit attributable to shareholders of the listed company was -¥424,969,725.59, representing a decline of 15.48% from -¥368,017,768.12 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥361,001,956.50, showing an improvement of 2.33% compared to -¥369,613,746.87 in 2021[18]. - The company has faced significant financial challenges, as indicated by consecutive years of net losses[18]. - The company reported a negative net profit for all four quarters of 2022, with the largest loss in Q4 amounting to -CNY 159,021,165.40[22]. - The company faced uncertainties regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[19]. - The company achieved operating revenue of CNY 2.766 billion, a decline of 25.94% compared to the previous year, and reported a net profit attributable to shareholders of -CNY 425 million[32]. - The company reported a total revenue for 2022 of RMB 2,765,645 thousand, a decrease of 26% compared to RMB 3,734,463 thousand in 2021[131]. - The net loss for 2022 was RMB 448,935 thousand, compared to a net loss of RMB 368,420 thousand in 2021[131]. Assets and Liabilities - The total assets at the end of 2022 were CNY 4,038,605,559.51, down 9.4% from CNY 4,457,611,299.31 at the end of 2021[19]. - The net assets attributable to shareholders decreased by 30.09% to CNY 987,960,842.88 from CNY 1,413,238,861.87 in the previous year[19]. - The asset-liability ratio was approximately 77.46%, up from 69.50% in 2021, with total liabilities of RMB 3,128,252 thousand and total assets of RMB 4,038,606 thousand[153]. - Total liabilities as of December 31, 2022, were RMB 3,128,252 thousand, slightly up from RMB 3,097,863 thousand in 2021[132]. Cash Flow - The net cash flow from operating activities was -CNY 11,509,782.41, a significant decline of 132.16% compared to CNY 35,792,357.33 in 2021[19]. - Operating cash inflow decreased by 29.35% to ¥2,534,043,352.91 in 2022 compared to ¥3,586,628,661.60 in 2021[55]. - Investment cash inflow dropped to ¥1,123.89 in 2022 from ¥141,494,574.19 in 2021, marking a 100% decrease[55]. - Financing cash inflow increased by 53.72% to ¥3,516,764,976.72 in 2022 from ¥2,287,714,757.03 in 2021[55]. Market and Product Development - The company is focusing on expanding its market presence and enhancing its product offerings in the oil machinery sector[18]. - The company continues to explore technological advancements and new product development in the oil machinery industry[18]. - The company has developed and launched several new products, including high-strength pipeline pipes and special feedback pumps, enhancing its competitive edge in the industry[34]. - The overseas market saw a significant increase, with revenue from international sales rising by 105.34% year-on-year, contributing CNY 405.93 million to total revenue[38][40]. - The company anticipates that the rapid development of unconventional oil and gas resources will drive continued growth in equipment demand within the energy sector[29]. Research and Development - The company has undertaken over 70 national and provincial research projects, showcasing its strong R&D capabilities in the energy equipment sector[33]. - Research and development expenses decreased by 27.02% year-on-year to 41,651,730.15 CNY, primarily due to reduced R&D investments[50]. - R&D investment decreased by 33.15% to ¥33,412,376.94 in 2022 from ¥49,978,469.51 in 2021[52]. - The number of R&D personnel decreased by 19.65% to 229 in 2022 from 285 in 2021, with a corresponding drop in the proportion of R&D personnel to total employees from 11.18% to 9.16%[52]. Governance and Compliance - The company has established a robust governance structure to ensure compliance with legal and regulatory requirements, enhancing operational transparency[86]. - The company maintains independent operations and governance, with no interference from the controlling shareholder,墨龙控股[87]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with regulations[88]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[89]. - The company continues to focus on governance and compliance as part of its operational strategy[108]. Employee and Management - The company reported a total of 2,501 employees at the end of the reporting period, with 1,640 in the parent company and 861 in major subsidiaries[119]. - The professional composition includes 2,168 production personnel, 65 sales personnel, 34 technical personnel, 31 financial personnel, and 203 administrative personnel[120]. - The company has implemented a salary policy that links employee compensation to performance, aiming to enhance motivation and retention[121]. - The company has established a training plan that aligns employee development with strategic goals, including internal and external training initiatives[122]. Future Outlook - The company anticipates continued growth in oil and gas demand, driven by economic recovery and energy security strategies outlined in national policies[75]. - The company aims to become an internationally recognized energy equipment manufacturing service provider, focusing on high-quality development and operational stability in 2023[78]. - The company plans to enhance communication and cooperation to promote the application of HIsmelt technology, aiming to improve efficiency and service levels[78]. - The company will optimize sales strategies by adjusting to market conditions and focusing on major oilfield markets to increase market share and improve operational performance[79].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.57 billion, a decrease of 17.24% compared to ¥1.90 billion in the same period last year[21]. - The net profit attributable to shareholders was a loss of approximately ¥172.72 million, representing a decline of 153.06% from a loss of ¥68.25 million in the previous year[21]. - The basic and diluted earnings per share were both reported at -¥0.2165, a decline of 153.22% compared to -¥0.0855 in the same period last year[21]. - The weighted average return on net assets was -13.02%, down from -3.91% in the previous year, indicating a significant deterioration in profitability[21]. - The company reported a net loss of RMB 183,171,000 for the first half of 2022, compared to a net loss of RMB 47,772,000 in the same period of 2021[65]. - The company's net profit for the first half of 2022 was -94,207,399.83 CNY, compared to -66,260,647.11 CNY in the same period of 2021, indicating a worsening performance[176]. - The total comprehensive income for the current period resulted in a decrease of CNY 173,491,628.23, primarily due to a loss of CNY 172,717,715.72[188]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to approximately ¥56.91 million, compared to a negative cash flow of ¥19.47 million in the same period last year, marking a 392.26% increase[21]. - The company's financing activities generated a net cash flow of CNY 16.6 million, a significant improvement compared to the previous period[39]. - Cash flow from operating activities generated a net inflow of 56,906,850.11 CNY, a significant improvement from -19,471,631.29 CNY in the first half of 2021[178]. - The total cash outflow from investing activities was 6,599,680.18 CNY, compared to 22,205,238.22 CNY in the first half of 2021, indicating reduced investment expenditures[179]. - The total amount of guarantees provided by the company during the reporting period was 76.91 million RMB, which accounts for 6.20% of the company's net assets[137]. Assets and Liabilities - Total assets increased by 13.23% to approximately ¥5.05 billion from ¥4.46 billion at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 12.23% to approximately ¥1.24 billion from ¥1.41 billion at the end of the previous year[21]. - Total liabilities increased to RMB 3,871,015,000 as of June 30, 2022, compared to RMB 3,159,662,000 in the previous year[66]. - The asset-liability ratio was approximately 76.69% as of June 30, 2022, compared to about 69.50% in 2021[88]. - The company's total liabilities increased to CNY 2,906,124,817.62 from CNY 2,519,402,260.79, reflecting a rise of 15.3%[172]. Revenue Breakdown - Revenue from pipe products decreased by 43.62% to ¥593,912,032.35, while high-end castings revenue increased by 1,078.53% to ¥878,006,892.23[40][41]. - Domestic revenue accounted for 95.96% of total revenue, amounting to ¥1,507,525,783.97, down 16.44% year-on-year[40]. - The company reported a significant increase in revenue from oil machinery components, which rose by 124.29% to ¥8,763,820.61 due to increased export orders[43]. Research and Development - The company's research and development investment decreased by 27.64% to CNY 24.4 million, attributed to reduced investment in new product development[38]. - The company has undertaken nearly 80 national and provincial research projects, enhancing its technological innovation capabilities[33]. - The company has developed several new products, including high-strength oil pipes and hydraulic cylinders, which are now in mass production[36]. Market and Strategic Position - The company is positioned to benefit from the increasing demand for unconventional oil and gas resources as part of China's strategic development[32]. - The management highlighted potential risks and strategies to mitigate them, which are detailed in the report[5]. - The company plans to adjust its product structure and market layout in response to market changes and raw material price fluctuations[62]. Environmental and Social Responsibility - The company is committed to environmental sustainability and has implemented energy-saving measures at its offices and operational locations[96]. - The company has established comprehensive wastewater treatment facilities across all production sites, ensuring that all treated wastewater is recycled and not discharged[105]. - The company has committed to social responsibility, including a donation of 100,000 RMB to support local pandemic prevention efforts[114]. Governance and Compliance - The company has established a relatively complete governance structure to protect shareholder rights, ensuring fair and transparent information disclosure[112]. - The company maintained compliance with the public float requirements of the Hong Kong Stock Exchange as of June 30, 2022[83]. - There were no significant equity or non-equity investments made during the reporting period[53][54].

Financial Performance - The company's revenue for Q1 2022 was CNY 560,910,297.59, representing a 3.09% increase compared to CNY 544,093,801.68 in the same period last year[2] - The net profit attributable to shareholders was a loss of CNY 67,308,447.89, an improvement of 38.44% from a loss of CNY 109,329,169.93 in the previous year[2] - The company's basic and diluted earnings per share were both CNY -0.0844, showing a 38.39% improvement from CNY -0.137 in the same period last year[2] - Operating profit for the current period was -¥73,873,194.41, an improvement from -¥117,078,366.84 in the previous period, indicating a decrease in losses of approximately 37.00%[18] - Net profit for the current period was -¥70,783,709.89, compared to -¥117,887,569.62 in the previous period, reflecting a reduction in losses of about 40.00%[18] - The company reported a total comprehensive loss of -¥70,713,267.46, compared to -¥118,006,313.04 in the previous period, indicating a reduction in comprehensive losses of approximately 40.00%[20] Cash Flow and Liquidity - The net cash flow from operating activities improved by 59.95%, with a net outflow of CNY 79,690,821.17 compared to CNY 198,994,506.89 in Q1 2021[7] - Cash flow from operating activities showed a net outflow of -¥79,690,821.17, an improvement from -¥198,994,506.89 in the previous period[22] - The company's cash and cash equivalents increased by 53.58% to CNY 729,784,437.54, primarily due to increased cash from financing activities[6] - Cash and cash equivalents at the end of the period were ¥308,774,884.48, down from ¥383,884,957.53 in the previous period[23] Assets and Liabilities - Total assets increased by 10.68% to CNY 4,933,487,780.41 from CNY 4,457,611,299.31 at the end of the previous year[3] - Current assets totaled CNY 2,373,879,030.86, up from CNY 1,846,768,954.84, indicating a rise of about 28.5%[13] - Total liabilities increased to CNY 3,644,001,232.32 from CNY 3,097,863,537.92, which is an increase of about 17.6%[15] - Short-term borrowings rose significantly to CNY 2,287,427,348.90 from CNY 1,916,706,214.72, marking an increase of around 19.4%[14] - The total equity attributable to the parent company decreased to CNY 1,346,445,866.34 from CNY 1,413,238,861.87, a decline of about 4.7%[16] Inventory and Prepayments - The company's inventory grew to CNY 926,883,272.49 from CNY 715,282,787.11, reflecting an increase of approximately 29.5%[13] - The company reported a significant increase in prepayments, which rose to CNY 171,010,781.46 from CNY 49,598,390.41, indicating a growth of approximately 244.5%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,554, with 39,509 being A-share holders[9] Operational Highlights - The company reported a significant increase in operating income from non-operating activities, which rose by 998.62% to CNY 4,478,592.40 compared to CNY 407,657.70 in Q1 2021[7] - The company's management expenses decreased to ¥57,962,517.66 from ¥75,691,897.75, a reduction of approximately 23.50%[17] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[12]

Financial Performance - The company's operating revenue for 2021 was ¥3,734,462,841.12, representing a 24.08% increase compared to ¥3,009,719,029.66 in 2020[20] - The net profit attributable to shareholders was -¥368,017,768.12, a decrease of 1,243.67% from a profit of ¥32,178,630.99 in 2020[20] - The net cash flow from operating activities was ¥35,792,357.33, down 82.70% from ¥206,901,178.06 in the previous year[20] - The basic earnings per share were -¥0.46, a decline of 1,250.00% compared to ¥0.04 in 2020[20] - The diluted earnings per share were also -¥0.46, reflecting the same percentage decrease as the basic earnings per share[20] - The company reported a net profit attributable to shareholders excluding non-recurring gains and losses of -¥369,613,746.87, which is a 38.43% increase in losses compared to -¥266,995,839.08 in 2020[20] - The company reported a negative net profit for the year, with the lowest net profit after deducting non-recurring gains and losses also being negative[21] - The company achieved operating revenue of CNY 3.734 billion, an increase of 24.08% year-on-year, but reported a net profit attributable to shareholders of -CNY 368 million[33] - The company reported a net loss of RMB 368,420 thousand in 2021, compared to a profit of RMB 11,455 thousand in 2020[148] Assets and Liabilities - The company's total assets decreased by 13.87% from the end of 2020 to 4,457,611,299.31 CNY at the end of 2021[21] - Net assets attributable to shareholders decreased by 20.64% to 1,413,238,861.87 CNY at the end of 2021 compared to the end of 2020[21] - The company's total assets at the end of the reporting period were CNY 4.458 billion, a year-on-year decrease of 13.87%, and the net assets attributable to shareholders were CNY 1.413 billion, down 20.64% year-on-year[33] - The company's total liabilities include a significant portion of short-term borrowings, which accounted for 43.00% of total liabilities at year-end[65] - The group's debt-to-asset ratio is approximately 69.50%, compared to 65.19% in 2020, with total liabilities of RMB 3,097,863 thousand and total assets of RMB 4,457,611 thousand[169] Operational Changes and Strategy - The company underwent a change in its business scope, expanding into various manufacturing and service areas related to petroleum machinery[19] - The company plans not to distribute cash dividends or issue bonus shares[6] - The company aims to develop high-strength and high-toughness casing products to meet the increasing demand in oil exploration[56] - The company plans to optimize its product and customer structure, targeting major clients like PetroChina, Sinopec, and CNOOC to enhance market share and drive performance growth[83] - The company is focused on maintaining a sustainable and environmentally friendly energy equipment manufacturing industry, increasing investments in safety and environmental protection[85] Research and Development - The company has undertaken over 70 national and provincial-level research projects, establishing a strong R&D capability in the energy equipment sector[34] - The company has developed and launched several new products, including a hot air spray gun and high-strength oil pipes, which are now in production and expected to enhance competitive advantage[36] - Research and development expenses increased by 8.63% to ¥57,076,465.12 in 2021 from ¥52,542,810.96 in 2020[55] - The company’s R&D investment amounted to ¥49,978,469.51, a decrease of 5.72% compared to ¥53,013,350.91 in 2020[58] - The proportion of R&D investment to operating revenue was 1.34% in 2021, down from 1.76% in 2020, reflecting a decrease of 0.42%[58] Market and Sales Performance - Domestic sales accounted for 94.71% of total revenue, with a year-on-year increase of 30.16%, while international sales decreased by 32.38%[42] - Sales volume increased by 14.98% to 720,900 tons in 2021 from 627,000 tons in 2020[47] - Production volume rose by 25.14% to 727,800 tons in 2021 compared to 581,600 tons in 2020[47] - The gross profit margin for specialized equipment manufacturing was 5.89%, reflecting a year-on-year increase of 2.33%[44] Management and Governance - The company maintains independence from its controlling shareholder, with no interference in decision-making or operations, ensuring no misuse of control or fund occupation[92] - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[93] - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[95] - The company has established a comprehensive internal control system, with the board of directors responsible for its implementation and the supervisory board overseeing its effectiveness[137] - The company has a structured decision-making process for determining the remuneration of its directors and senior management[118] Future Outlook - The company anticipates a gradual improvement in domestic economic development trends, driven by national energy security strategies and rising international crude oil prices, which will increase demand for oil and gas exploration and development[80] - The overall demand for the energy equipment manufacturing industry is projected to expand continuously due to accelerated oil and gas production and sustained capital expenditure growth[81] - In 2022, Shandong Molong aims to become an internationally recognized energy equipment manufacturing service provider, focusing on high-quality development and new product R&D[82] - Future performance guidance suggests a cautious optimism, with expectations of gradual revenue growth in the upcoming fiscal periods[103] Compliance and Risk Management - The company has established a risk management system to monitor and manage various risks associated with its operations[176] - The company received administrative penalties from the China Securities Regulatory Commission, with fines of 650,000 yuan for Liu Yunlong and 530,000 yuan for Liu Min due to information disclosure violations[116] - The company confirmed that there are no significant uncertainties regarding its ability to continue as a going concern[193] - The company maintained effective internal control over financial reporting with no significant deficiencies identified[144]

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,047,172,476.68, representing a 19.64% increase year-over-year, and a total of ¥2,945,300,053.76 for the year-to-date, up 32.57% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was -¥37,338,874.65, a 72.68% increase in loss compared to the same quarter last year, with a year-to-date loss of -¥105,589,670.07, improving by 57.08% year-over-year[3] - Total operating revenue for Q3 2021 was CNY 2,945,300,053.76, an increase of 32.6% compared to CNY 2,221,649,056.27 in the same period last year[22] - Total operating costs for Q3 2021 were CNY 3,022,225,216.26, up 23.6% from CNY 2,444,674,390.20 in Q3 2020[22] - Net profit for Q3 2021 was a loss of CNY 80,990,437.72, compared to a loss of CNY 260,354,009.16 in Q3 2020, showing an improvement of 68.9%[23] - Basic and diluted earnings per share for Q3 2021 were both -0.1323, compared to -0.3083 in the same period last year[24] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥364,162,139.42 for the year-to-date, reflecting a significant decline of 504.02%[3] - The net cash flow from operating activities decreased by 504.02% to -364,162,139.42 RMB compared to the same period last year, primarily due to increased material payments[11] - Cash inflow from operating activities totaled 3,026,061,905.71 CNY, up from 2,424,727,301.19 CNY in the previous period, reflecting a growth of approximately 24.8%[27] - Cash outflow from operating activities increased to 3,390,224,045.13 CNY, compared to 2,334,593,088.52 CNY in the previous period, representing an increase of about 45.2%[27] - The cash flow from investment activities generated a net inflow of 115,689,494.08 CNY, a turnaround from a net outflow of -22,900,369.23 CNY in the previous period[27] - Cash inflow from financing activities was 2,101,214,757.03 CNY, down from 2,390,576,904.24 CNY in the previous period, showing a decrease of approximately 12.1%[27] - The net cash flow from financing activities decreased by 299.58% to -435,857,580.26 RMB, primarily due to increased cash payments for repaying maturing debts[11] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥4,951,385,729.70, down 4.33% from the end of the previous year[3] - As of September 30, 2021, total current assets amounted to 2,180,255,519.87 RMB, a slight decrease from 2,237,897,660.36 RMB at the end of 2020[18] - Total liabilities as of the end of Q3 2021 were CNY 3,230,705,231.49, down from CNY 3,374,065,925.58 in the previous year[20] - The company's total equity as of the end of Q3 2021 was CNY 1,720,680,498.21, compared to CNY 1,801,569,889.80 at the end of Q3 2020[20] Inventory and Receivables - The company's cash and cash equivalents decreased by 59.10% year-to-date, primarily due to increased inventory and repayment of financing[8] - Accounts receivable increased by 57.53% year-to-date, attributed to a significant volume of oilfield pipe shipments in Q3[8] - The company reported a 331.35% increase in receivables financing year-to-date, mainly due to an increase in bank acceptance bills received[8] - Inventory increased significantly to 1,000,334,080.53 RMB from 787,377,614.78 RMB at the end of 2020[18] Financial Management - The company's financial expenses decreased by 31.95% year-to-date, primarily due to reduced financing amounts[10] - The company reported a significant reduction in financial expenses, which were CNY 83,313,146.87 in Q3 2021, down from CNY 122,426,061.53 in Q3 2020[23] - The company recorded a 45.95% increase in other income year-to-date, mainly from government subsidies related to employment stabilization[10] Corporate Developments - The company is undergoing a production line upgrade and renovation at its subsidiary, with feasibility studies and equipment selection already in progress[15] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[14] - The top shareholder, Shouguang Molong Holdings Co., Ltd., holds 29.53% of the shares, totaling 235,617,000 shares[13] Research and Development - Research and development expenses for Q3 2021 amounted to CNY 37,275,726.41, an increase from CNY 33,392,969.67 in Q3 2020[23] Audit Status - The company did not conduct an audit for the third quarter report[29]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,898,127,577.08, representing a 40.98% increase compared to ¥1,346,377,691.82 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥68,250,795.42, an improvement of 37.57% from -¥109,325,493.01 in the previous year[22]. - The basic earnings per share for the reporting period was -¥0.0855, an improvement of 37.59% from -¥0.137 in the same period last year[22]. - The company reported a net loss of ¥134,280,852.22 for the period, compared to a loss of ¥66,030,056.80 in the previous period[137]. - The total comprehensive income for the period was -CNY 66,260,647.11, compared to -CNY 42,883,593.37 in the first half of 2020[149]. Cash Flow - The net cash flow from operating activities was -¥19,471,631.29, a decline of 131.17% compared to ¥62,467,301.30 in the same period last year[22]. - The total cash inflow from operating activities for the first half of 2021 was CNY 2,199,424,157.99, an increase of 41.1% compared to CNY 1,558,766,077.69 in the same period of 2020[148]. - The net cash flow from investment activities was CNY 117,818,189.36, recovering from a negative CNY 12,605,213.76 in the previous year[149]. - The net cash flow from financing activities decreased significantly to -CNY 405,003,055.57, reflecting an increase in cash used for debt repayment[39]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,913,625,494.81, down 5.06% from ¥5,175,635,815.38 at the end of the previous year[22]. - The company's total liabilities decreased to CNY 2,538,878,938.27 from CNY 2,843,975,238.50, reflecting a reduction of approximately 10.7%[141]. - The company's asset-liability ratio was 64.30%, a decrease of 0.89 percentage points year-on-year, indicating improved financial stability[31]. - The cash and cash equivalents decreased to ¥543,539,364.60 from ¥759,979,803.03, a drop of approximately 28.54%[133]. Revenue Breakdown - The revenue from pipe products was ¥1,053,440,211.21, accounting for 55.50% of total revenue, showing a slight decrease of 2.08% from the previous year[40]. - The revenue from pipe blanks surged by 662.78% to ¥706,827,222.90, driven by increased market prices and a strategic shift in product structure[42]. - Domestic revenue significantly increased by 62.89% to ¥1,804,034,637.51, while international revenue dropped by 60.60% to ¥94,092,939.57 due to the impact of the pandemic and export policies[40][43]. Research and Development - Research and development investment increased by 48.74% to CNY 33.72 million, reflecting the company's commitment to new product development[38]. - The company has developed new products including a hot air gun and special dual-channel oil pumps, enhancing its competitive edge in the industry[36]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with specific emissions monitored for various pollutants including sulfur dioxide and nitrogen oxides[68]. - The company reported no exceedances in pollutant emissions against established standards during the reporting period[68]. - The company has implemented comprehensive wastewater treatment facilities that are fully operational, ensuring all production wastewater is recycled and not discharged[71]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 42,367, with 42,323 being A-share holders and 44 being H-share holders[119]. - The largest shareholder, Shouguang Molong Holdings Co., Ltd., holds 29.53% of the shares, totaling 235,617,000 ordinary shares[119]. - The company has not undergone any changes in its actual controller during the reporting period[123]. Financial Strategy and Risk Management - The company plans to closely monitor raw material price fluctuations and implement strategies such as locking in prices to control manufacturing costs[60]. - The company faces risks related to exchange rate fluctuations, particularly with the RMB, and will take measures to mitigate these risks[60]. - The overall financial strategy includes a focus on maintaining liquidity and managing foreign exchange risks effectively[199].