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 | --- | |-------------------------- ...

Financial Performance - The company reported a total revenue of 582,691,698 RMB for the year 2020, with a cash dividend of 0.8 RMB per 10 shares distributed to shareholders[5]. - The company's operating revenue for 2020 was ¥3,375,687,731.05, representing a 56.18% increase compared to ¥2,161,340,387.07 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥225,246,058.67, a 25.83% increase from ¥179,004,724.77 in 2019[23]. - The net profit after deducting non-recurring gains and losses was ¥185,561,903.02, up 17.46% from ¥157,972,346.42 in 2019[23]. - The net cash flow from operating activities reached ¥242,839,402.92, a significant increase of 185.43% compared to ¥85,077,929.51 in 2019[23]. - Total assets at the end of 2020 were ¥3,936,997,475.24, reflecting a 54.78% increase from ¥2,543,598,458.02 at the end of 2019[23]. - The net assets attributable to shareholders increased by 51.67% to ¥2,964,665,185.78 from ¥1,954,726,059.12 in 2019[23]. - The company achieved an operating income of 3.376 billion yuan, a year-on-year increase of 56.18%[57]. - The net profit attributable to shareholders was 225 million yuan, up 25.83% year-on-year[57]. - The revenue from the recycling resources segment was ¥2,614,868,584.59, accounting for 77.46% of total revenue, with a year-on-year growth of 80.77%[63]. - The elevator components segment generated revenue of ¥724,360,561.87, which is 21.46% of total revenue, showing a slight increase of 3.20% from ¥701,866,315.03 in 2019[63]. Business Operations - The company operates in the recycling and technology sector, focusing on sustainable practices and resource recovery[16]. - The company operates in two main segments: recycling resources and elevator components, focusing on sustainable economic practices[36]. - The recycling resource segment includes the R&D, production, and sales of recycling processing equipment, focusing on metal and non-metal materials, as well as rare earth recycling[37]. - The company operates two major scrap steel processing bases, providing high-quality scrap steel furnace materials directly to steel mills[37]. - The rare earth recycling business produces high-purity rare earth oxides, which are widely used in high-tech fields such as magnetic materials and communication devices[37]. - The company completed the acquisition of 100% equity in Ji'an Xintai Technology Co., Ltd., expanding its business into rare earth recycling[36]. - The company launched new products, including a 2000T metal hydraulic baler and hydraulic scrap steel shears, which are expected to drive future growth[58]. - The company launched new smart products including gesture recognition and face recognition elevators, aligning with the "Healthy Elevator" concept to meet market demands[59]. Risk Management - The company faces risks including merger integration risks, intensified market competition, raw material price fluctuations, human resource risks, and exchange rate fluctuations[5]. - The company has a risk management strategy in place to address potential future challenges in its business environment[5]. - The company has identified risks including merger integration, intensified market competition, raw material price fluctuations, human resource challenges, and foreign exchange risks, with strategies in place to mitigate these risks[113][114]. Shareholder Information - The company proposed a cash dividend of 0.8 yuan per 10 shares for the 2020 fiscal year, based on a total share capital of 582,691,698 shares[122]. - The total cash dividend distributed in 2020 amounted to 46,615,335.84 yuan, representing 20.70% of the net profit attributable to ordinary shareholders[121]. - The cash dividend for 2019 was 34,063,301.88 yuan, which accounted for 19.03% of the net profit attributable to ordinary shareholders[121]. - The company has not proposed any cash dividend distribution plan for the reporting period despite having positive distributable profits[121]. - The total distributable profit for the reporting period was 476,034,672.12 yuan[122]. Strategic Development - The company has established a three-year strategic development plan to enhance its market position and direction for high-quality growth[59]. - The company is focused on enhancing its capital operation capabilities through fund operations, equity investments, and mergers to optimize resource integration[113]. - The company plans to actively develop the scrapped automobile recycling business and expand into downstream recycling of various metals and non-metals[113]. Compliance and Governance - The company emphasizes the importance of accurate financial reporting and has declared the authenticity of its annual report[5]. - The company has committed to avoiding competition with its subsidiaries and ensuring no harm to shareholder interests[126]. - The company has a long-term commitment to strictly adhere to its promises regarding related party transactions and competition avoidance[126]. - The company has disclosed its commitment to timely information disclosure and compliance with legal obligations regarding shareholding changes[135]. - The company held two shareholder meetings and eight board meetings in 2020, ensuring transparency in major decisions[179]. Investments and Acquisitions - The company acquired 100% equity of Jianxin Technology Co., Ltd. for 810 million yuan, with an expected return of 85 million yuan[90]. - The acquisition of 100% equity in Xintai Technology contributed to a goodwill increase of 67.10% compared to the beginning of the period[48]. - Xin Tai Technology achieved a net profit of RMB 90.16 million in 2020, with a completion rate of 101.76% against the performance commitment of RMB 85 million[144]. - The acquisition of Xin Tai Technology was completed on March 24, 2020, for a total cost of RMB 810 million, acquiring 100% equity[150]. Research and Development - Research and development expenses increased by 45.81% to RMB 111,847,892.40, reflecting the company's commitment to innovation[78]. - The number of R&D personnel increased by 14.54% to 260, indicating a focus on enhancing research capabilities[80]. - The company’s R&D investment accounted for 3.31% of operating revenue, slightly down from 3.55% in the previous year[80].

江苏华宏科技股份有限公司 2021 年第一季度报告全文 江苏华宏科技股份有限公司 2021 年第一季度报告 2021 年 04 月 1 江苏华宏科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 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。 所有董事均已出席了审议本次季报的董事会会议。 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：保证季度报告中财务报表的真实、准确、完整。 2 江苏华宏科技股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 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 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | | 本报告期 | 上年同期 | ...

Financial Performance - Operating revenue for the period was ¥1,073,309,844.05, representing a growth of 91.03% year-on-year[9]. - Net profit attributable to shareholders was ¥91,065,363.51, up 107.87% from the same period last year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,423,968.90, an increase of 80.25% year-on-year[9]. - Basic earnings per share for the period was ¥0.1604, an increase of 69.56% year-on-year[9]. - Total revenue for the third quarter reached ¥1,073,309,844.05, a significant increase of 91% compared to ¥561,839,996.81 in the same period last year[56]. - Net profit for the quarter was ¥92,827,447.21, compared to ¥45,223,396.73 in the previous year, representing a growth of 105%[61]. - The total comprehensive income attributable to the parent company is CNY 91,065,363.51, up from CNY 43,809,209.08, reflecting a growth of 107.1%[65]. - The net profit for the current period is CNY 167,956,297.44, compared to CNY 152,861,521.07 in the previous period, representing a growth of 9.1%[76]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,851,057,947.31, an increase of 51.40% compared to the end of the previous year[9]. - The company's total assets increased to ¥3,040,461,792.76, up from ¥2,116,399,354.09, marking a growth of 43%[56]. - Total liabilities rose to ¥398,909,718.26, compared to ¥353,341,359.01, indicating an increase of 13%[56]. - The total current liabilities represent approximately 20.8% of total assets, indicating a manageable debt level[107]. - Current liabilities increased to CNY 876,842,284.39 from CNY 528,815,947.78, which is an increase of approximately 66.0%[46]. - The company reported a total equity of ¥1,993,681,310.36, with total assets reaching ¥2,543,598,458.02[110]. Cash Flow - The net cash flow from operating activities was ¥34,297,465.65, reflecting a growth of 64.92% compared to the previous year[9]. - The net cash flow from operating activities reached CNY 117,763,357.55, up 115.35% from CNY 54,685,198.82 in the previous year[23]. - The cash flow from operating activities for the current period is ¥117,763,357.55, significantly up from ¥54,685,198.82 in the previous period[90]. - The total cash inflow from operating activities is ¥2,343,827,355.48, compared to ¥1,586,128,367.99 in the previous period, marking an increase of 47.6%[90]. - The net cash flow from operating activities was 115,606,452.57 CNY, compared to a negative cash flow of -9,085,863.15 CNY in the previous period, indicating a significant improvement[97]. Investments and Acquisitions - The company acquired Xin Tai Technology, which significantly increased accounts receivable by 53.50% to CNY 432,809,630.89[20]. - The long-term equity investment rose by 242.30% to CNY 58,137,948.72, due to increased investment in an environmental industry acquisition fund[20]. - The company raised funds through a private placement to support the acquisition of Xin Tai Technology, which has now been fully utilized[29]. - The company signed a framework agreement for a project to process 60,000 tons of magnetic material waste annually, enhancing its competitive edge in the rare earth recycling sector[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,273[14]. - The largest shareholder, Jiangsu Huahong Industrial Group Co., Ltd., held 40.51% of the shares[14]. Research and Development - Research and development expenses for the quarter were ¥34,323,452.09, compared to ¥19,900,847.12, showing an increase of 73%[59]. - Research and development expenses for the current period amount to ¥21,319,481.73, down from ¥33,813,061.50 in the previous period, indicating a reduction of 37.0%[84]. Other Financial Metrics - The weighted average return on equity was 3.19%, a decrease of 1.49% compared to the previous year[9]. - The company received government subsidies amounting to ¥39,139,466.28 during the reporting period[9]. - The company reported a financial expense of CNY 5,514,578.14, compared to CNY 5,070,738.76 in the previous period, indicating an increase of 8.8%[76]. - The company’s investment income for the current period is CNY 367,807.98, down from CNY 60,361,694.12, a decrease of 99.4%[66].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,192,150,381.81, representing a 5.48% increase compared to ¥1,130,237,132.67 in the same period last year[23]. - The net profit attributable to shareholders was ¥75,343,846.27, a decrease of 28.73% from ¥105,721,481.78 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥65,106,773.16, down 32.14% from ¥95,949,260.88 year-on-year[23]. - The net cash flow from operating activities increased significantly by 146.30% to ¥83,465,891.90, compared to ¥33,888,220.51 in the same period last year[23]. - Basic earnings per share decreased by 33.76% to ¥0.1513 from ¥0.2284 in the same period last year[23]. - The weighted average return on net assets was 3.14%, down 2.52% from 5.66% in the previous year[23]. - The company reported a total operating revenue of 1,192.15 million yuan, a year-on-year increase of 5.48%[52]. - Net profit attributable to shareholders was 75.34 million yuan, a year-on-year decrease of 28.73%[52]. - Operating cash flow net amount was 83.47 million yuan, a year-on-year increase of 146.30%[52]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,642,989,278.07, a 43.22% increase from ¥2,543,598,458.02 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 43.90% to ¥2,812,935,788.37 from ¥1,954,726,059.12 at the end of the previous year[23]. - Total liabilities reached ¥791,313,234.50, up from ¥549,917,147.66, indicating an increase of around 43.9%[190]. - The company's equity attributable to shareholders increased to ¥2,812,935,788.37 from ¥1,954,726,059.12, a rise of about 43.9%[193]. - Current liabilities totaled $362,414,776.71, up from $341,254,410.15, indicating a rise of about 6.3%[200]. Investments and Acquisitions - The company acquired 100% equity of Ji'an Xintai Technology Co., Ltd., expanding its main business to include rare earth waste comprehensive utilization[34]. - The acquisition of 100% equity in Jinan Xintai Technology Co., Ltd. was completed, contributing ¥23,987,646.69 to the net profit, accounting for 31.84% of the company's net profit attributable to shareholders[57]. - The company acquired a 100% stake in Xintai Technology for ¥810,000,000, with an expected return of ¥85,000,000[71]. - Long-term equity investments increased by 245.09% compared to the beginning of the period, mainly due to investments in environmental industry acquisition funds[42]. - The company completed the acquisition of 100% equity in JI'an Xintai Technology Co., Ltd., with the share transfer finalized on March 24, 2020[130]. Market and Business Strategy - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company plans to expand its market presence and enhance its product offerings in response to the challenges faced during the reporting period[57]. - The company is actively developing its scrap automobile dismantling business, which is a key part of its resource recycling strategy[34]. - The elevator components segment is experiencing growth due to increasing demand for elevator installations in urban areas[40]. - The company has established strategic partnerships with leading global elevator brands, enhancing its market presence[38]. Risks and Challenges - The company faces risks including merger integration, intensified market competition, raw material price fluctuations, human resource risks, and exchange rate fluctuations[6]. - The company faces risks related to market competition, with a decrease in demand for steel processing equipment and elevator components due to the COVID-19 pandemic[95]. - The company is implementing procurement strategies to mitigate the impact of raw material price fluctuations on gross margins[98]. - The company is focusing on human resource planning to address the rising costs and potential shortages of skilled personnel as it expands[99]. - The company is managing foreign exchange risks by entering into forward foreign exchange contracts for transactions settled in foreign currencies[100]. Shareholder and Capital Structure - The company’s total share capital increased to 567,721,698 shares after the issuance[138]. - The company’s basic and diluted earnings per share have been diluted due to the increase in share capital[141]. - Jiangsu Huahong Industrial Group Co., Ltd. holds a 40.51% stake, amounting to 229,988,717 shares, with 129,684,451 shares pledged[153]. - The company has a significant number of shares under pledge, indicating potential liquidity concerns for major shareholders[153]. - The company’s stock issuance was part of a strategy to finance asset purchases and support capital needs[149]. Regulatory and Compliance - The company did not engage in any securities or derivative investments during the reporting period[75][76]. - The company has not encountered any significant legal disputes or regulatory penalties during the reporting period[109]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[129]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[192]. - The company’s future outlook includes a focus on innovation and market expansion to drive growth[147].

Financial Performance - The company's operating revenue for Q1 2020 was ¥288,709,796.02, a decrease of 40.04% compared to ¥481,532,335.27 in the same period last year[9] - Net profit attributable to shareholders was ¥15,528,424.36, down 58.94% from ¥37,821,024.15 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥10,776,901.63, a decline of 69.49% compared to ¥35,319,103.30 in the previous year[9] - The basic earnings per share decreased to ¥0.0294, down 58.88% from ¥0.0715 in the same period last year[9] - Total revenue for Q1 2020 was 288,709,796.02, a decrease of 40.04% compared to 481,532,335.27 in Q1 2019[24] - Net profit for the current period is ¥14,914,350.82, a decline of 61.1% from ¥38,315,967.03 in the previous period[63] - The net profit for the current period is 6,986,072.56, a decrease of 65.7% compared to 20,362,057.12 from the previous period[74] - The total comprehensive income for the current period is 6,986,072.56, down 65.7% from 20,362,057.12 in the previous period[74] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,506,086,322.42, an increase of 37.84% from ¥2,543,598,458.02 at the end of the previous year[9] - The net assets attributable to shareholders increased by 26.90% to ¥2,480,626,428.18 from ¥1,954,726,059.12 at the end of the previous year[9] - The total assets amount to ¥2,913,310,147.46, compared to ¥2,116,399,354.09 in the previous period[57] - Total liabilities amount to ¥633,129,652.14, significantly higher than ¥353,341,359.01 in the previous period[57] - Current liabilities rose to approximately CNY 941.34 million, compared to CNY 528.82 million, marking a 77.9% increase[47] - The total liabilities amounted to approximately CNY 987.12 million, up from CNY 549.92 million, indicating an increase of 79.7%[47] - The equity attributable to shareholders increased to approximately CNY 2.48 billion, up from CNY 1.95 billion, reflecting a growth of 27.0%[50] Cash Flow - The net cash flow from operating activities was negative at -¥34,036,262.19, compared to -¥7,710,787.65 in the same period last year[9] - Cash inflow from operating activities is 289,443,798.92, a decrease of 35.4% compared to 447,793,700.87 in the previous period[75] - Cash outflow from operating activities totals 323,480,061.11, down 29.0% from 455,504,488.52 in the previous period[78] - The net cash flow from operating activities is -34,036,262.19, compared to -7,710,787.65 in the previous period[78] - Cash and cash equivalents at the end of the period amount to 222,570,747.88, down from 329,279,352.24 at the end of the previous period[81] - The company received cash from investment activities totaling 135,431,109.88, an increase from 102,838,203.09 in the previous period[78] - The net cash flow from investment activities is -40,716,397.04, compared to 9,968,976.26 in the previous period[78] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,309, with the largest shareholder holding 49.69%[13] - The company did not engage in any repurchase transactions during the reporting period[20] Other Financial Metrics - Operating costs for Q1 2020 were 236,674,489.58, down 38.63% from 385,665,217.40 in Q1 2019[24] - Research and development expenses decreased to 10,919,058.37, down 32.87% from 16,264,924.35 in Q1 2019[26] - The company reported a significant increase in goodwill, reaching 1,015,011,829.78, which is a 66.90% increase from 608,155,627.22[24] - Accounts receivable rose to 32,130,396.39, marking a 223.89% increase from 9,920,260.06[24] - The company’s short-term borrowings surged to 132,721,033.92, reflecting a dramatic increase of 783.28% from 15,025,918.75[24] - The company reported a decrease in sales expenses to ¥8,669,392.68 from ¥16,203,836.80, a reduction of 46.6%[60] - The company has not reported any net profit from mergers under common control for the current or previous periods[66] Audit and Compliance - The company did not apply the new revenue and lease standards for the first quarter of 2020, as indicated in the financial statement adjustments[86] - The first quarter report for 2020 was not audited, which may affect the reliability of the financial data presented[88]