Group 1: Industry Overview - The domestic scrapped automobile market has a huge stock, but the effective recovery rate is very low, primarily due to traditional scrapping regulations that hinder recovery, leading many scrapped vehicles to flow into the second-hand market or black market, which poses significant risks to environmental protection and traffic safety [2][3] - If the automobile recovery rate reaches 3% in the next three years, the estimated market for waste materials could reach CNY 120 billion, while the remanufacturing market for the five major assemblies could reach CNY 79.9 billion, totaling CNY 199.9 billion, indicating a vast market space [2][3] Group 2: Regulatory Changes - The new "Regulations on the Recovery and Disposal of Scrapped Motor Vehicles" came into effect on June 1, 2019, and the draft implementation rules have been released, with mandatory national standards for scrapping enterprises approved and implemented since December 17, 2019 [2][3] - The new regulations eliminate total control, allowing for the expansion of recovery enterprises and removing the previous city-specific licensing restrictions, which encourages market-driven pricing for scrapped vehicles [3] Group 3: Company Strategy - The company is a leading domestic waste steel processing equipment manufacturer, with key products including waste steel crushing lines, shears, and balers, which are essential for automobile dismantling [3] - The company has actively laid out its operations in the automobile dismantling and recycling sector, establishing Donghai Huahong in 2013 for waste steel processing and trade, acquiring Beijing Zhongwu Bo in 2018 to enter the automobile recycling and dismantling field, and further expanding its waste steel processing trade scale by acquiring Qian'an Juliy in 2019 [3] - Future plans include strengthening industrial synergy among various business segments to create a comprehensive automobile recycling and dismantling industry platform [3]

证券代码：002645 证券简称：华宏科技 江苏华宏科技股份有限公司投资者关系活动记录表 编号：2017-003 | --- | --- | --- | --- | |------------------|-------------------------------|-------------------------------------------------|--------------------------------------------------------| | | | | | | 投资者关系活动类 | √ | 特定对象调研 □分析师会议 | | | 别 | □ | 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | | □ 现场参观 | □ 其他 | | | 参与单位名称及人 | | 国信证券 王宁 广大证券 沈继富 国联证券 马松 | | | 员姓名 | | 华泰证券 王玮嘉 安信证券 崔逸凡 星石投资 王荣亮 | | | | | 兴业研究 秦源 新华基金 王永明 国联人寿 | 陆鸣 | | | 太平洋资产 王磊 广发证券 王珂 | | | | 时间 ...

证券代码：002645 证券简称：华宏科技 编号：2019-001 江苏华宏科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | --- | |-------------------------|-------------------------|---------------------------------------------------------|-------|-------| | | √ | 特定对象调研 □分析师会议 £媒体采访 □业绩说 | | | | 投资者关系活动类 | | 明会 □新闻发布会 □路演活动 | | | | 别 | □ 现场参观 | □ 其他 | | | | 参与单位名称及人 员姓名 | | 海通证券 吴杰 海通证券 戴元灿 兴业证券 牟卿 | | | | 时间 | 2019 年 5 月 27 | 日 | | | | 地点 | 公司会议室 | | | | | 上市公司接待人员 姓名 | | 董事、副总经理、董事会秘书：朱大勇 | | | | 投资者关系活动主 | | 本次投资者见面会主要围绕对报废汽车拆解行业的现状和 | | | | ...

证券代码：002645 证券简称：华宏科技 江苏华宏科技股份有限公司投资者关系活动记录表 编号：2021-001 | --- | --- | --- | --- | |-------------------------|-----------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------| | | ...

江苏华宏科技股份有限公司 2022 年第三季度报告 证券代码：002645 证券简称：华宏科技 公告编号：2022-068 江苏华宏科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 江苏华宏科技股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|---- ...

江苏华宏科技股份有限公司 2022 年半年度报告全文 江苏华宏科技股份有限公司 2022 年半年度报告 【2022 年 8 月】 1 江苏华宏科技股份有限公司 2022 年半年度报告全文 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、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人胡士勇、主管会计工作负责人朱大勇及会计机构负责人(会计 主管人员)曹吾娟声明：保证本半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。 本报告中涉及的未来计划不构成公司对投资者的实质性承诺。请广大投 资者注意投资风险。 公司未来面对的风险主要集中在并购整合风险、市场竞争加剧的风险、 | --- | --- | |--------------------------------------------------------------------|-------| | | | | | | | 原材料价格波动的风险、人力资源风险和汇率波动风险等方面。具体风险详 | | | 见第三节 管理层讨论与分析之 ...

Financial Performance - The company's revenue for Q1 2022 was ¥2,350,592,515.17, representing a 69.54% increase compared to ¥1,386,445,409.86 in the same period last year[4] - Net profit attributable to shareholders was ¥254,145,067.99, an increase of 88.60% from ¥134,756,797.89 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥242,936,187.26, up 94.88% from ¥124,661,079.32 in the previous year[4] - Basic earnings per share rose to ¥0.4477, reflecting a 91.90% increase from ¥0.2333[4] - Total operating revenue for the current period reached ¥2,350,592,515.17, a significant increase from ¥1,386,445,409.86 in the previous period, representing an increase of approximately 69.5%[28] - Net profit for the current period was ¥252,826,320.91, up from ¥136,353,857.33 in the previous period, indicating a growth of approximately 85.5%[31] - The total comprehensive income attributable to the parent company was approximately ¥254.15 million, an increase of 88.5% compared to ¥134.76 million in the previous period[35] Assets and Liabilities - The company's total assets at the end of Q1 2022 were ¥5,378,671,150.60, a 4.21% increase from ¥5,161,188,431.08 at the end of the previous year[4] - The total assets amounted to ¥5,378,671,150.60, compared to ¥5,161,188,431.08 in the previous period, showing an increase of approximately 4.2%[27] - Total liabilities decreased to ¥1,514,936,059.07 from ¥1,562,473,152.50, a reduction of about 3.1%[27] - The company's equity attributable to shareholders increased to ¥3,746,170,682.78 from ¥3,486,432,122.75, reflecting a growth of approximately 7.5%[27] Cash Flow - The company's cash flow from operating activities was ¥72,565,554.61, a slight decrease of 1.73% compared to ¥73,842,279.80 in the same period last year[4] - Cash inflow from operating activities totaled ¥2.50 billion, up from ¥1.55 billion, marking a 61.5% increase[36] - The net cash flow from operating activities was ¥72.57 million, slightly down from ¥73.84 million in the previous period[39] - Cash outflow for investing activities was ¥601.50 million, compared to ¥782.97 million in the previous period, indicating a decrease of 23.2%[39] - Net cash flow from financing activities was ¥55.55 million, down from ¥86.16 million, a decline of 35.5%[42] - The ending balance of cash and cash equivalents was ¥403.69 million, compared to ¥441.89 million at the end of the previous period[42] - The company reported a net increase in cash and cash equivalents of ¥58.88 million, down from ¥145.54 million in the previous period[42] Shareholder Information - Total number of common shareholders at the end of the reporting period was 21,904[12] - Jiangsu Huahong Industrial Group Co., Ltd. holds 34.51% of shares, totaling 200,884,632 shares[12] - The company has a significant shareholder structure with the top ten shareholders holding a combined total of 61.06% of shares[12] - Jiangsu Huahong Industrial Group Co., Ltd. holds 29,000,000 shares through a margin trading account[16] Research and Development - Research and development expenses increased by 94.66% to ¥90,634,647.10 from ¥46,560,706.32, indicating a significant investment in innovation[11] - Research and development expenses increased to ¥90,634,647.10 from ¥46,560,706.32, marking a rise of about 94.7%[31] Other Financial Metrics - The company's cash and cash equivalents increased to ¥458,065,885.25 from ¥368,056,952.27 at the beginning of the year, representing a growth of approximately 24.5%[21] - Accounts receivable rose to ¥572,373,584.24 from ¥452,362,083.94, indicating an increase of about 26.5%[21] - Inventory decreased slightly to ¥1,942,301,693.76 from ¥1,961,171,438.17, a decline of approximately 0.96%[21] - Total current assets increased to ¥3,165,525,750.32 from ¥2,988,693,683.36, reflecting a growth of around 5.9%[21] - The company reported a significant increase in accounts payable, which rose to ¥777,145,079.08 from ¥775,319,931.86, indicating a slight increase of about 0.2%[27] - Deferred income tax assets increased to ¥21,098,603.74 from ¥18,909,049.54, representing a growth of approximately 11.5%[27] Government Support - The company received government subsidies amounting to ¥12,083,901.43, which positively impacted its financial performance[7] Future Plans - The company plans to issue convertible bonds, pending approval from the China Securities Regulatory Commission[17]

Financial Performance - The company reported a total revenue of 582,081,698 RMB for the year 2021, with a cash dividend distribution of 1.00 RMB per 10 shares[7]. - The company's operating revenue for 2021 was ¥6,776,828,766.80, representing a 100.75% increase compared to ¥3,375,687,731.05 in 2020[27]. - Net profit attributable to shareholders for 2021 was ¥532,027,212.26, a 136.20% increase from ¥225,246,058.67 in 2020[27]. - The net profit after deducting non-recurring gains and losses was ¥497,782,396.53, up 168.26% from ¥185,561,903.02 in 2020[27]. - The company's total assets at the end of 2021 were ¥5,161,188,431.08, reflecting a 31.09% increase from ¥3,936,997,475.24 at the end of 2020[27]. - Basic earnings per share for 2021 were ¥0.9371, a 123.92% increase compared to ¥0.4185 in 2020[27]. - The weighted average return on equity for 2021 was 16.18%, up from 8.54% in 2020, indicating improved profitability[27]. - The company reported a total of ¥39,677,845.06 in government subsidies for 2021, down from ¥53,044,126.69 in 2020[33]. - The company experienced a net profit of ¥141,456,289.38 in Q4 2021, which was the highest quarterly profit for the year[32]. - The company reported a significant increase in orders for scrap processing equipment, driven by domestic carbon neutrality policies[52]. - In 2021, the company achieved total revenue of 6.78 billion yuan, a year-on-year increase of 100.75%, and a net profit of 532 million yuan, up 136.2% from the previous year[58]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in its operational focus[25]. - The company aims to achieve a resource utilization rate of 75% for scrapped automobiles by 2023, with a focus on establishing a standardized recycling model[44]. - The company is committed to becoming a leading manufacturer and service provider in the recycling resource processing equipment industry[46]. - The company is actively responding to supply chain challenges by securing raw material reserves and seeking alternative materials[41]. - The company has established a joint venture with China Southern Rare Earth Group to enhance its recycling resource recovery capabilities[46]. - The company aims to strengthen its position in the recycling equipment industry and expand into the recycling of scrap vehicles and other resources[92]. - The company plans to enhance its capital operation capabilities through mergers and acquisitions, focusing on resource optimization and industry chain extension[92]. - The company is actively exploring opportunities in environmental protection, smart manufacturing, and IoT-related industries to drive future growth[92]. Risks and Challenges - The company faces risks including merger integration risks, intensified market competition, raw material price fluctuations, human resource risks, and exchange rate fluctuations[7]. - The company's future development outlook includes potential risks and does not constitute a substantive commitment to investors[7]. - The company faces risks related to market competition, raw material price fluctuations, and human resources, and has outlined strategies to mitigate these risks[92]. - The company has established a forward foreign exchange contract to manage foreign exchange risks due to its global operations[95]. Shareholder and Governance - The company held four shareholder meetings in 2021, with participation rates of 52.58%, 61.66%, 57.86%, and 61.73% respectively[105]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring no asset occupation by the controlling shareholder[102]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[101]. - The company has established a complete and independent organizational structure, with clear asset ownership and no reliance on the controlling shareholder for production[104]. - The company has implemented strict information disclosure practices, ensuring timely and accurate communication with investors[101]. - The company has a robust governance structure, with effective supervision by the supervisory board over major matters and financial conditions[101]. - The total shares held by Chairman Hu Shiyong remained at 20,168,460 with no changes during the reporting period[109]. - General Manager Hu Pinlong increased his shareholding by 900,000 shares, bringing his total to 8,657,100 shares[109]. - The company has a total of 93,525,059 shares held by its current directors and supervisors at the beginning of the reporting period[112]. - The company has maintained a stable management team with no significant changes in the board of directors and supervisors[113]. Research and Development - Research and development expenses increased by 133.66% to ¥261,340,648.16, driven by accelerated new product and technology development[74]. - The R&D budget has been increased by 25%, now totaling 150 million yuan, to accelerate the development of new technologies[118]. - The company emphasizes innovation in product development, aiming to replace imported products and meet international standards[54]. Employee and Social Responsibility - The company has a total of 2,235 employees, with 1,346 in production, 239 in sales, 240 in technology, 67 in finance, and 343 in administration[143]. - The company has implemented a labor contract system and complies with national labor laws and regulations[144]. - The company emphasizes the protection of employee rights by adhering to labor laws and providing five major social insurances, ensuring the legitimate rights and interests of employees[172]. - The company has a comprehensive social responsibility management system and supports social welfare initiatives to promote community harmony[175]. - The company actively engages in environmental protection and sustainable development, aligning with national energy-saving and emission-reduction policies[172]. Financial Management - The company has maintained effective internal controls over financial reporting as of December 31, 2021, with no significant deficiencies identified[167]. - The company reported that 100% of its total assets and operating income were included in the internal control evaluation scope[163]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion[167]. - The company has committed to not using company assets for unrelated investments or expenditures[189]. - The company will ensure that any necessary related party transactions are conducted at fair and reasonable terms[186]. Future Outlook - For the upcoming fiscal year, the company projects a revenue growth target of 10% to 12%, aiming for a total revenue between 1.32 billion yuan and 1.344 billion yuan[118]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on innovative technology solutions[118]. - The company is actively pursuing market expansion strategies, targeting new regions in Southeast Asia, which could potentially increase market share by 5%[118].

Financial Performance - The company's revenue for Q3 2021 reached ¥1,743,544,888.31, an increase of 62.45% compared to the same period last year[4] - Net profit attributable to shareholders was ¥133,909,037.33, reflecting a growth of 47.05% year-over-year[4] - The net profit excluding non-recurring gains and losses was ¥127,764,878.77, up 92.35% from the previous year[4] - The company reported a basic earnings per share of ¥0.2298, which is a 43.27% increase compared to the same period last year[4] - The company's total revenue for the period was CNY 4,900,627,291.45, compared to CNY 2,265,460,225.86 in the previous period, marking an increase of about 116.3%[24] - The total profit for the current period was ¥436,662,724.97, compared to ¥188,715,085.86 in the previous period, indicating a growth of approximately 131.9%[26] - The net profit attributable to the parent company was ¥390,570,922.88, up from ¥166,409,209.78, reflecting a growth of approximately 134.0%[29] - The basic earnings per share increased to ¥0.6722 from ¥0.3193, representing a rise of about 110.9%[29] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥4,733,986,160.81, representing a 20.24% increase from the end of the previous year[4] - As of September 30, 2021, the total assets of the company reached CNY 4,733,986,160.81, an increase from CNY 3,936,997,475.24 as of December 31, 2020, representing a growth of approximately 20.3%[17] - The total liabilities increased to CNY 1,238,151,455.71 from CNY 930,594,944.02, reflecting a rise of approximately 33.0%[23] - The company's total current assets amounted to CNY 2,595,560,382.75, up from CNY 2,007,539,098.95, indicating a growth of about 29.2% year-over-year[17] Cash Flow - The company recorded a net cash flow from operating activities of ¥291,202,443.62, a 147.28% increase year-to-date[4] - The net cash flow from operating activities improved significantly to ¥291,202,443.62, a 147.28% increase from ¥117,763,357.55 in the previous year[10] - Cash inflow from operating activities totaled ¥5,496,255,982.05, compared to ¥2,343,827,355.48 in the previous period, marking an increase of approximately 134.5%[34] - The net cash flow from investment activities was -$270,937,921.55, an improvement from -$423,131,838.92 year-over-year[37] - The ending balance of cash and cash equivalents was $337,060,189.13, up from $295,972,269.08 in the prior period[37] Investments and Expenses - Research and development expenses surged by 122.44% to ¥164,997,704.22, up from ¥74,175,819.09, indicating increased investment in R&D[10] - The company's investment income increased by 93.82% to ¥6,773,750.07, compared to ¥3,494,893.95, attributed to higher financial management returns[10] - The investment income for the current period was ¥6,565,779.22, compared to ¥4,495,219.75 in the previous period, indicating an increase of about 46.0%[34] Inventory and Receivables - Accounts receivable increased by 32.17% to ¥468,262,764.35 due to higher business volume and the acquisition of Jiangxi Wanhong[7] - The company reported a significant increase in accounts receivable, which reached CNY 468,262,764.35, up from CNY 354,280,519.17, indicating a growth of about 32.2%[17] - Inventory rose by 46.79% to ¥1,431,436,287.86, attributed to business expansion and preemptive stockpiling[7] - The company's inventory increased significantly to CNY 1,431,436,287.86 from CNY 975,132,660.61, representing a growth of about 46.6%[17] Other Financial Metrics - The weighted average return on equity was 4.02%, an increase of 0.83% compared to the previous year[4] - The company's income tax expense increased by 86.29% to ¥38,671,058.47, compared to ¥20,758,788.42, due to the growth in profit scale[10] - The total comprehensive income for the current period was ¥397,991,666.50, compared to ¥167,956,297.44 in the previous period, reflecting a growth of approximately 137.0%[29] Future Plans - The company plans to issue convertible bonds, pending approval from the China Securities Regulatory Commission[16] Audit Status - The third-quarter report was not audited, indicating a potential area for further scrutiny[39]

江苏华宏科技股份有限公司 2021 年半年度报告全文 江苏华宏科技股份有限公司 2021 年半年度报告 2021 年 08 月 1 江苏华宏科技股份有限公司 2021 年半年度报告全文 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、高级管理人员保证半年度报告内容的 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。 公司负责人胡士勇、主管会计工作负责人朱大勇及会计机构负责人(会计主 管人员)曹吾娟声明：保证本半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。 公司未来面对的风险主要集中在并购整合风险、市场竞争加剧的风险、原 材料价格波动的风险、人力资源风险和汇率波动风险等方面。具体风险详见第 三节管理层讨论与分析第十部分"公司面临的风险和应对措施"。半年度报告中 涉及的未来计划不构成公司对投资者的实质性承诺。请广大投资者注意投资风 险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 江苏华宏科技股份有限公司 2021 年半年度报告全文 目录 | --- | |-------------------------- ...