Financial Performance - The company's operating revenue for the first half of 2022 was ¥420,258,321.88, a decrease of 19.83% compared to ¥524,184,492.53 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥102,126,501.31, down 28.01% from ¥141,867,568.29 year-on-year[27]. - The net profit after deducting non-recurring gains and losses was ¥99,360,589.43, a decrease of 23.67% compared to ¥130,171,558.08 in the previous year[27]. - The basic earnings per share were ¥0.10, down 28.57% from ¥0.14 in the same period last year[27]. - The total assets at the end of the reporting period were ¥3,236,562,186.36, an increase of 4.37% from ¥3,100,916,030.68 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were ¥2,454,553,682.78, up 3.53% from ¥2,370,750,121.33 at the end of the previous year[27]. - The net cash flow from operating activities was ¥23,561,334.08, a significant decrease of 70.59% compared to ¥80,104,885.35 in the same period last year[27]. - The operating profit for the same period was CNY 121.18 million, down 27.72% year-on-year[54]. - The cash and cash equivalents net increase was CNY 102.23 million, a significant drop of 67.10% year-on-year[54]. - The total operating costs decreased by 14.97%, with the total operating cost amounting to 241.7275 million yuan compared to 284.2896 million yuan in the previous year[59]. - The company's gross profit margin for the manufacturing sector is 42.05%, a decrease of 3.58% compared to the previous year[71]. - The company's other income decreased by 37.15%, amounting to 4,593,480.16 compared to 7,308,581.20 in the same period last year[68]. - The company reported a significant decrease in asset disposal income, which fell by 126.07% compared to the previous year[68]. Market and Industry Position - The company focuses on the manufacturing of grinding systems and aerospace components, with key products including high-pressure roller mills used in cement and mineral processing industries[37]. - The high-pressure roller mill is recognized as one of the most efficient and energy-saving grinding devices, with significant applications in cement production and mineral processing, contributing to energy conservation and emission reduction[41]. - The domestic market for high-pressure roller mills has seen a shift towards local production, breaking the previous foreign monopoly, with increasing domestic market share[41]. - The company has established a strong market position in the grinding equipment sector, leveraging technological advancements to enhance product efficiency and sustainability[42]. - The aerospace component manufacturing segment is integrated with military and civilian applications, focusing on research, design, and production[45]. - The company is positioned to benefit from national policies promoting energy conservation and emission reduction, aligning with industry trends towards sustainable manufacturing practices[42]. - The market for grinding equipment is expanding due to increasing demands for energy-efficient solutions in the cement and mining industries, with a focus on reducing carbon emissions[41]. - The company has achieved technological breakthroughs in the application of roller mills in metallurgy and mining, enhancing its competitive edge in these sectors[45]. Research and Development - Research and development expenses increased by 15.41%, reaching 17,039,276.08 compared to 14,764,190.77 in the same period last year[68]. - The company is committed to continuous innovation and investment in technology to maintain its leading position in the grinding systems market[42]. - The company holds 133 valid national patents, including 53 invention patents, and obtained 11 new patents during the reporting period[63]. Subsidiaries and Investments - The company established a wholly-owned subsidiary, Chengdu Lijun Daguan Technology Co., Ltd., with an investment of ¥100,000,000 to implement a new heavy equipment manufacturing project[94]. - The company agreed to acquire 30% equity of its subsidiary Chengdu Dekun Aerospace Technology Co., Ltd. for RMB 15 million, with the transaction completed in June 2022[146]. - The company provided financial support of 62 million yuan to its subsidiary for operational needs, with a total financial assistance limit of up to 80 million yuan approved by the board[144]. - The company approved a guarantee limit of up to RMB 400 million for its wholly-owned subsidiary Li Jun Holdings (Singapore) Pte. Ltd., with actual guarantees totaling RMB 358.59 million during the reporting period[162]. Risks and Challenges - The company has acknowledged the risks associated with its future plans and strategies, urging investors to be cautious[5]. - The company faces risks related to policy changes in the aerospace industry, which could adversely affect its military product business[103]. - The company is implementing measures to mitigate risks from fluctuations in raw material prices, including pre-ordering and optimizing production processes[104]. - The company faces market expansion risks as its main product, high-pressure roller mills, has not been widely adopted in the mining and metallurgy sectors[108]. Corporate Governance and Social Responsibility - The company emphasizes the importance of social responsibility, balancing economic benefits with social contributions[125]. - The company strictly adheres to labor laws and regulations, ensuring employee rights and safety, and has established a comprehensive employee welfare mechanism, including health check-ups and financial support for employees in need[126]. - The company has implemented strict quality inspection procedures and safety management systems to continuously improve product quality and prevent major safety incidents[126]. - The company has not reported any changes in its board of directors, supervisors, or senior management during the reporting period[113]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,674, with significant shareholders holding over 5% of the shares[177]. - He Yamin and He Jia, who are father and daughter, collectively hold 60.38% of the company's shares and are considered acting in concert[178]. - The company reported a total of 1,033,460,000 shares, with 46.21% being restricted shares and 53.79% being unrestricted shares[172]. - The company has a significant shareholder, He Yamin, holding 32.34% of the shares, and another major shareholder, He Jia, holding 28.04%[177]. Financial Assistance and Transactions - The company provided financial assistance of RMB 62 million to its subsidiary Chengdu Dekun Aerospace Technology Co., Ltd. from July 2021 to January 2022[160]. - The company approved a financial assistance limit of up to RMB 80 million for its subsidiary Chengdu Dekun Aerospace Technology Co., Ltd., which includes the previously provided RMB 62 million[161]. - The company has no significant contracts, leasing, or entrusted financial management during the reporting period[147][149][154]. Audit and Compliance - The company's financial report for the first half of 2022 was not audited[194].

Financial Performance - The company's total revenue for 2021 was CNY 958.94 million, an increase of 17.10% compared to the previous year[81]. - The net profit attributable to shareholders for 2021 was CNY 199.90 million, reflecting a growth of 4.29% year-on-year[81]. - The cash and cash equivalents increased by CNY 127.72 million, a significant growth of 170.08% compared to the previous year[88]. - The revenue from the aerospace components manufacturing business reached CNY 378.53 million, marking an impressive growth of 88.58% year-on-year[84]. - The revenue from the mining high-pressure roller mill and its supporting products increased by 113.34%, amounting to CNY 199.60 million[84]. - The total operating costs for 2021 were CNY 555.26 million, which is a 19.20% increase from the previous year[85]. - The company's asset-liability ratio as of December 31, 2021, was 23.09%, indicating a stable asset structure[86]. - The company reported a net profit of ¥30,487,015.03 in 2021, representing a 10.56% increase compared to ¥27,574,047.02 in 2020[142]. - The operating revenue for 2021 was ¥128,103,343.45, up 25.05% from ¥102,441,175.24 in 2020, primarily due to increased sales of roller press machines and their components[142]. Business Operations and Expansion - The company expanded its business scope in 2015 by acquiring 100% of Chengdu Dekun Aviation Equipment Manufacturing Co., increasing its focus on aerospace component manufacturing[25]. - The company has diversified its operations to include engineering surveying design, mechanical equipment procurement, installation, and engineering management services[25]. - The company operates in various sectors, including research, manufacturing, and sales of electromechanical products, as well as project investment and technical consulting services[25]. - The company has invested in new subsidiaries to enhance its aerospace component manufacturing capabilities, promoting the integration of information technology and intelligent production lines[50]. - The subsidiary, Dekun Aviation, has expanded its production capacity and capabilities, becoming a comprehensive service provider for aerospace components, including precision machining and assembly for military and civilian aircraft[52]. Technological Innovation and R&D - The company has consistently focused on technological innovation, which has driven rapid development and maintained its industry-leading position[45]. - The company has developed a total of 128 authorized effective national patents, including 53 invention patents, and has seen a significant increase in patent authorizations during the reporting period[66]. - The company has increased its R&D personnel and investment to support product upgrades and technological advancements[108]. - The company is focusing on several R&D projects aimed at optimizing products and upgrading technology, which are expected to enhance market competitiveness[107]. - The company’s roller press grinding system equipment is recognized as one of the most efficient and energy-saving crushing devices, aligning with national energy-saving and emission-reduction policies[148]. Risk Management - The company has established a comprehensive risk management framework to address potential operational risks[6]. - The company has faced risks related to raw material price fluctuations, which could adversely affect its operating performance[161]. - The ongoing COVID-19 pandemic may impact the company's production and operational activities, affecting overall profitability[161]. Corporate Governance - The company has established a comprehensive internal control system covering management, operations, finance, information disclosure, and internal auditing, ensuring healthy development and compliance with regulations[1]. - The board of directors consists of nine members, including three independent directors, meeting legal requirements for governance structure[1]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management, ensuring a self-sufficient business system[1][2]. - The company emphasizes transparency in information disclosure, adhering to principles that ensure timely and accurate communication with all investors[1]. - The company has established performance evaluation standards and incentive mechanisms for its directors, supervisors, and senior management, ensuring transparency in appointments[1]. Market Position and Strategy - The company is focused on differentiated competition and brand service to maintain its market leadership and expand its market share[79]. - The aerospace manufacturing industry is recognized as a strategic high ground in modern manufacturing, with the company positioned to benefit from national policies supporting this sector[48]. - The company is positioned to benefit from national policies promoting the efficient use of mineral resources and the shift towards large-scale mining operations[149]. - The ongoing infrastructure investments in China are expected to positively impact the demand for cement, building materials, and mining metallurgy industries, thereby driving the need for roller presses[150]. Quality Management - The company has implemented a comprehensive quality management system, ensuring no major quality incidents occurred during the reporting period[77]. - The technical center is actively advancing the research and development of grinding equipment, ensuring product performance meets customer requirements[76].

Financial Performance - The company's operating revenue for Q1 2022 was ¥251,503,617.61, a decrease of 0.17% compared to ¥251,924,467.09 in the same period last year[4] - Net profit attributable to shareholders was ¥70,616,146.96, down 10.54% from ¥78,934,615.07 year-on-year[4] - Basic and diluted earnings per share were both ¥0.07, reflecting a decline of 12.50% from ¥0.08 in the previous year[4] - The company reported a decrease in comprehensive income to approximately ¥70.03 million, down from ¥79.37 million in the previous period[31] - Net profit for the current period is approximately ¥70.42 million, down 10.43% from ¥78.93 million in the previous period[31] Cash Flow - The net cash flow from operating activities decreased significantly by 83.84%, amounting to ¥12,731,334.55 compared to ¥78,788,193.48 in Q1 2021[4] - Cash flow from operating activities generated a net amount of approximately ¥12.73 million, a significant decrease of 83.87% from ¥78.79 million in the previous period[34] - The net cash flow from financing activities was negative at approximately -¥273.23 thousand, compared to -¥13.47 thousand in the previous period[34] - The net increase in cash and cash equivalents was ¥171,685,681.90, up 358.94% from ¥37,409,303.84 in the same period last year[13] - Cash and cash equivalents at the end of the period increased to approximately ¥713.58 million, up from ¥451.58 million in the previous period[34] Assets and Liabilities - Total assets increased by 0.90% to ¥3,128,842,074.37 from ¥3,100,916,030.68 at the end of the previous year[4] - Current assets rose to CNY 2,207,003,691.07, up from CNY 2,170,334,340.40, indicating an increase of about 1.7%[25] - Total liabilities decreased to CNY 668,721,176.59 from CNY 716,063,030.42, a decline of about 6.6%[28] - Shareholders' equity increased to CNY 2,460,120,897.78 from CNY 2,384,853,000.26, reflecting a growth of approximately 3.2%[28] Investments - Investment activities generated a net cash flow of ¥160,212,510.44, a significant increase of 482.79% compared to a net outflow of ¥41,854,423.58 in Q1 2021[13] - The company reported a decrease in investment income by 73.32%, amounting to ¥1,216,812.94 compared to ¥4,561,369.98 in the previous year[10] - The company received cash from investment activities totaling approximately ¥255.58 million, down from ¥355.07 million in the previous period[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,417, with the top ten shareholders holding a combined 60.38% of the shares[14] - He Yamin, the largest shareholder, holds 32.34% of the shares, amounting to 334,219,997 shares[14] - He Jia, the second-largest shareholder, owns 28.04% of the shares, totaling 289,775,148 shares[14] - Wei Yong, the third-largest shareholder, holds 12.80% of the shares, which is 132,262,575 shares, with 48,678,000 shares pledged[14] - The top ten shareholders include both domestic individuals and foreign entities, with significant stakes held by He Yamin and He Jia, who are identified as acting in concert[14] Financial Assistance and Plans - The company has a total of 6,200 million RMB in financial assistance provided to its subsidiary Chengdu Dekun Aerospace Equipment Manufacturing Co., Ltd.[18] - The company approved a financial assistance limit of up to 80 million RMB for its subsidiary Chengdu Dekun Aerospace Technology Co., Ltd.[19] - The company has authorized a guarantee limit of up to 400 million RMB for its wholly-owned subsidiary Li Jun Holdings (Singapore) Private Limited[20] - The company plans to increase the registered capital of its wholly-owned subsidiary Li Jun Holdings (Singapore) from 10 million USD to 40 million USD[17] - The company is actively monitoring the progress of its second employee stock ownership plan initiated in July 2020[17] Research and Development - Research and development expenses rose to approximately ¥7.11 million, an increase of 11.46% compared to ¥6.38 million in the previous period[31] Inventory and Receivables - Accounts receivable decreased to CNY 237,902,968.61 from CNY 311,526,498.53, representing a decline of about 23.6%[25] - Inventory decreased to CNY 478,696,789.40 from CNY 491,738,716.96, a reduction of approximately 2.7%[25] - The company reported a significant increase in prepayments, which rose to CNY 95,521,687.80 from CNY 27,958,668.92, a growth of approximately 241.5%[25] Other Financial Metrics - The company's weighted average return on equity was 2.93%, down from 3.28% in the same period last year, a decrease of 0.35%[4] - Total operating costs increased to approximately ¥175.33 million, up 6.39% from ¥164.38 million in the previous period[31] - The company reported a decrease in comprehensive income to approximately ¥70.03 million, down from ¥79.37 million in the previous period[31] - The company’s investment properties increased to CNY 63,771,769.11 from CNY 40,863,007.57, reflecting a growth of about 56.0%[25]

Financial Performance - The company's operating revenue for Q3 2021 was ¥200,093,091.12, a decrease of 9.67% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥31,560,373.61, down 52.51% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,819,696.89, a decrease of 51.51% compared to the previous year[5] - Total operating revenue for the first three quarters of 2021 reached ¥724,277,583.65, an increase of 45.49% compared to ¥497,803,329.47 in the same period of 2020[14] - Net profit for the current period was ¥173,435,928.56, representing a 28% increase from ¥135,732,324.11 in the previous period[43] - The company reported a total comprehensive income of ¥173,003,898.63, compared to ¥133,849,250.69 in the previous period, an increase of 29.2%[43] Assets and Liabilities - The total assets as of September 30, 2021, were ¥3,068,205,132.73, an increase of 3.05% from the end of the previous year[5] - The company's total assets and liabilities reflect a robust financial position, with significant growth in both revenue and cash flow metrics[14] - The total assets of the company reached approximately RMB 3.07 billion, compared to RMB 2.98 billion at the end of 2020, reflecting a growth of 3%[40] - The company's total liabilities increased to approximately RMB 712.87 million from RMB 609.94 million, marking an increase of 16.9%[40] - The total current liabilities increased to CNY 605,111,000.52 as of January 1, 2021, reflecting an adjustment of CNY 3,385,825.62[52] Cash Flow - Cash flow from operating activities for the year-to-date was ¥127,685,982.49, an increase of 32.97% year-on-year[5] - Net cash flow from operating activities was ¥127,685,982.49, a 32.97% increase from ¥96,024,535.51, driven by higher cash receipts from sales[14] - The company reported a net increase in cash and cash equivalents of ¥353,534,554.00, a significant rise of 848.73% compared to a decrease of ¥47,217,717.46 in the previous year[14] - Cash flow from operating activities generated ¥127,685,982.49, compared to ¥96,024,535.51 in the previous period, reflecting a 32.9% increase[46] - Cash and cash equivalents at the end of the period totaled ¥767,708,346.50, up from ¥549,193,240.04, marking a significant increase of 39.8%[46] Expenses - Operating costs rose to ¥410,945,816.39, reflecting a 48.68% increase from ¥276,391,122.62 due to higher revenue[14] - Research and development expenses increased by 51.51% to ¥22,530,833.10, up from ¥14,870,504.47, indicating a commitment to innovation[14] - The company’s management expenses increased by 79.57% to ¥78,559,365.00, largely due to higher equity incentive amortization costs[14] - Tax expenses for the current period were ¥29,361,019.49, an increase from ¥24,646,043.48 in the previous period, indicating higher profitability[43] Equity and Capital Management - The company’s total equity attributable to shareholders was ¥2,340,951,306.88, a decrease of 1.12% from the end of the previous year[5] - The equity attributable to the owners of the parent company decreased to approximately RMB 2.34 billion from RMB 2.37 billion, a decline of 1.5%[40] - The company approved a capital increase of USD 30 million for its wholly-owned subsidiary, Li Jun Holdings (Singapore) Pte. Ltd., raising its registered capital from USD 10 million to USD 40 million[28] - The company completed a capital increase of RMB 2 million for its subsidiary, Chengdu Dekun Aerospace Equipment Manufacturing Co., Ltd., and introduced an employee stock ownership platform with a total capital increase of RMB 20 million[29] - The company has approved the transfer of 30% equity of its wholly-owned subsidiary, Chengdu Lijun Huanji Intelligent Equipment Technology Co., Ltd., to an employee stock ownership platform[30] Regulatory and Governance - The company received a ruling from the Beijing High Court rejecting a retrial application related to a financing lease contract dispute[21] - The company’s board of directors has undergone a re-election process, appointing new non-independent and independent directors[26] - The company withdrew its application to expand the business scope of its subsidiary due to regulatory adjustments[23] Miscellaneous - The company has not fully sold the shares from its second employee stock ownership plan, which involved the purchase of 17.82 million shares[22] - The company is monitoring the progress of its capital increase and related approvals for its subsidiary[28] - The company has not audited the third-quarter report for 2021[54] - The company is implementing new leasing standards starting from 2021, which has resulted in adjustments to financial statements[50]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 524,184,492.53, representing an increase of 89.72% compared to CNY 276,291,249.75 in the same period last year[25]. - The net profit attributable to shareholders of the listed company reached CNY 141,867,568.29, up 104.79% from CNY 69,274,271.39 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 130,171,558.08, reflecting a growth of 125.40% compared to CNY 57,751,382.19 in the same period last year[25]. - The net cash flow from operating activities was CNY 80,104,885.35, an increase of 42.60% from CNY 56,173,820.78 in the previous year[25]. - Basic earnings per share were CNY 0.14, doubling from CNY 0.07 in the same period last year[25]. - Total operating costs rose by 80.25% year-on-year to CNY 284.29 million, primarily due to the increase in revenue[55]. - The gross profit margin for the manufacturing sector was 45.63%, with a revenue increase of 97.63% and a cost increase of 85.53% compared to the previous year[66]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 3,083,218,144.65, a 3.55% increase from CNY 2,977,508,154.92 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 2,428,578,931.09, up 2.58% from CNY 2,367,567,946.56 at the end of the previous year[25]. - The company’s asset-liability ratio stood at 21.23% as of June 30, 2021, indicating a stable asset structure[55]. - Cash and cash equivalents increased to ¥744,833,186.36, representing 24.16% of total assets, up from 15.17% last year, a change of 8.99%[75]. - Accounts receivable rose to ¥333,872,409.06, accounting for 10.83% of total assets, an increase of 3.43% from 7.40% last year, primarily due to increased revenue from the wholly-owned subsidiary[75]. - Inventory decreased to ¥366,882,915.81, making up 11.90% of total assets, down by 1.50% from 13.40% last year[75]. Business Segments - The main business segments include grinding systems and aerospace components manufacturing, with grinding systems being a key focus area[35]. - The core product in the grinding systems segment is the roller press, which is highly efficient and energy-saving, widely used in cement, mining, and metallurgy industries[35]. - The aerospace components segment includes precision machining and assembly for military and civilian aircraft, with products used in major aircraft models like Boeing 737 and Airbus A320[42]. - The company is focused on expanding its product applications in various industries, including chemical and aerospace, to enhance market reach and revenue streams[40]. - The market for high-pressure roller mills in the metal mining sector is growing rapidly, particularly in iron ore mining, influenced by fluctuations in iron ore prices[39]. Research and Development - The company is committed to innovation and R&D, continuously developing new products to meet the evolving needs of the market and regulatory environment[38]. - The company holds 133 valid national patents, including 55 invention patents, showcasing its strong R&D capabilities[56]. - Research and development expenses increased to ¥14,764,190.77 from ¥8,887,703.71, reflecting the company's commitment to enhancing R&D efforts[65]. Dividends and Shareholder Rights - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares, based on a total of 1,033,460,000 shares[6]. - The total distributable profit as of June 30, 2021, was 333,073,530.40 CNY, with the cash dividend representing 100% of the profit distribution[112]. - The company emphasizes the protection of shareholder rights, ensuring accurate and timely information disclosure to all investors[126]. Market Conditions and Risks - The overall economic recovery in China is expected to positively impact the company’s performance and market opportunities in the aerospace sector[48]. - Risks include potential policy adjustments in the aerospace industry that could impact business development, which the company aims to mitigate by closely monitoring industry trends[103]. - The impact of the COVID-19 pandemic remains a concern, with the company implementing measures to ensure smooth operations amid potential disruptions[105]. Corporate Governance and Compliance - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment[136]. - The company has not engaged in any major related party transactions during the reporting period, ensuring transparency[140]. - The semi-annual report was not audited, which may affect the perception of financial reliability[134]. - The company’s board approved changes to accounting policies in accordance with relevant regulations, ensuring compliance with accounting standards[158]. Employee Engagement and Welfare - Employee welfare is prioritized, with a comprehensive benefits mechanism including health checks and financial support for employees in need[126]. - The company plans to enhance employee motivation through a share transfer to an employee stock ownership platform, reducing its stake in Chengdu Lijun Huanji Intelligent Equipment Technology Co., Ltd. from 100% to 70%[94].

Financial Performance - The company's operating revenue for 2020 was ¥818,935,856.28, representing a 19.06% increase from ¥687,836,952.17 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥191,681,143.68, a 7.52% increase from ¥178,276,343.50 in 2019[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥168,306,009.12, up 9.88% from ¥153,179,515.31 in 2019[6]. - The net cash flow from operating activities for 2020 was ¥148,569,819.48, reflecting a 27.92% increase from ¥116,140,474.32 in 2019[6]. - The total assets at the end of 2020 were ¥2,977,508,154.92, an increase of 11.78% from ¥2,663,609,543.60 at the end of 2019[6]. - The net assets attributable to shareholders at the end of 2020 were ¥2,367,567,946.56, a 7.58% increase from ¥2,200,837,059.85 at the end of 2019[6]. - The company reported a basic earnings per share of ¥0.19 for 2020, up 5.56% from ¥0.18 in 2019[6]. - The company's total operating revenue for 2020 was CNY 818,935,856.28, an increase of 19.06% compared to the previous year[67]. - The net profit of the parent company for 2020 was CNY 149,307,868.42, with a statutory reserve of CNY 14,930,786.84 allocated[170]. - The total distributable profit available for shareholders amounted to CNY 384,687,027.46 after accounting for the previous year's dividend distribution of CNY 61,050,000.00[173]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares based on a total of 1,033,460,000 shares[6]. - A cash dividend of CNY 1.00 per 10 shares (including tax) is proposed, totaling CNY 103,346,000.00, subject to shareholder approval[173]. - The cash dividend for 2020 represents 53.92% of the net profit attributable to ordinary shareholders, which was CNY 191,681,143.68[173]. - The cash dividend distribution for 2020 is 100% of the total distributable profit[174]. Business Expansion and Development - The company has expanded its business scope to include aerospace component manufacturing and engineering management services since 2015[19]. - The company has established a new business line for mechanical equipment leasing and technical consulting services[19]. - The company has established a comprehensive service supply chain for aerospace components, serving major clients like Boeing and Airbus[37]. - The company plans to increase investment in research and technology upgrades to promote steady growth in the aerospace component manufacturing business[38]. - The company has established a new aerospace development center to enhance coordination in industry deployment and business planning[156]. - The company is focusing on high-efficiency, energy-saving, and environmentally friendly technologies in roller press manufacturing to maintain market leadership[156]. Research and Development - The company has a total of 137 valid national patents, including 55 invention patents, showcasing its strong R&D capabilities[53]. - Research and development expenses increased by 88.04% to ¥29,283,778.98 in 2020, compared to ¥15,573,139.00 in 2019[97]. - The company invested in R&D for roller press (high-pressure roller mill) and aerospace component manufacturing, enhancing production efficiency and capabilities[63]. - The company has filed 25 domestic and international patent applications during the reporting period, reflecting its commitment to innovation[53]. - The company aims to continuously strengthen its core competitiveness through innovation and technology development[55]. Market and Industry Risks - The company has faced risks including aerospace industry policy adjustments, economic policy regulation, raw material price fluctuations, and market expansion challenges[6]. - The company is aware of potential economic policy adjustments that could adversely affect its performance in cement and mining sectors[160]. - The company faces risks related to policy adjustments in the aerospace industry, which could impact the development of its subsidiary, Dekun Aviation[160]. Asset Management and Financial Health - The company's asset-liability ratio stood at 20.48%, indicating a stable asset structure[72]. - The company's high-pressure roller mill is recognized as one of the most efficient energy-saving crushing devices, aligning with national policies promoting green and low-carbon development[34]. - The company's intangible assets increased by 106.46% compared to the beginning of the year, primarily due to the acquisition of land by its wholly-owned subsidiary[44]. - The company reported a significant increase in credit impairment losses due to an increase in accounts receivable[97]. - The total amount of short-term loans was 1,000,000.00, reflecting a decrease due to the maturity of bank acceptance bills[108]. Subsidiaries and Acquisitions - The company established a wholly-owned subsidiary, Chengdu Lijun Huanji Intelligent Equipment Technology Co., Ltd., with an investment of ¥10 million[92]. - The company acquired 100% equity of Chengdu Dekun Aviation Equipment Manufacturing Co., Ltd. for RMB 37,000 million, utilizing both raised and self-owned funds[118]. - The overall net assets of Chengdu Lijun Technology Co., Ltd. decreased by 3.58% to ¥581,137,639.67 due to profit distribution decisions[139]. - The company plans to enhance its aerospace component manufacturing capabilities through a capital increase of ¥15,000,000 for its subsidiary Dekun Aviation[135]. Operational Performance - The company achieved stable growth in operating performance despite the impact of the pandemic, ensuring normal operations and meeting annual business goals[62]. - The company focused on technological innovation and market expansion, optimizing production resources and improving efficiency to meet customer demands[62]. - The production volume of aerospace components increased by 62.02% to 1,674,563 units, driven by expanded orders from DeKun Aviation[81]. - The revenue from high-pressure roller mills for mining increased significantly by 227.41%, reaching CNY 93,555,886.58[67]. - The sales volume of cement roller presses decreased by 5.41% to 35 units, while the sales volume of high-pressure roller mills increased by 80.00% to 18 units[80].

Financial Performance - The company's operating revenue for Q1 2021 was ¥251,924,467.09, representing a 99.78% increase compared to ¥126,098,968.82 in the same period last year[9]. - Net profit attributable to shareholders for Q1 2021 was ¥78,934,615.07, up 137.35% from ¥33,257,323.03 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was ¥72,676,526.27, reflecting a 158.97% increase from ¥28,063,440.14 year-on-year[9]. - The net cash flow from operating activities was ¥78,788,193.48, showing a significant increase of 205.43% compared to ¥25,795,945.00 in the same period last year[9]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.08, which is a 166.67% increase from ¥0.03 in the previous year[9]. - The company reported a profit before tax of ¥93,532,089.35, up from ¥39,439,537.52, which is an increase of approximately 137.5%[56]. - The company’s total comprehensive income for the current period was ¥79,374,225.52, compared to ¥34,194,710.74 in the previous period, representing a growth of approximately 132.5%[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,021,712,927.81, a 1.48% increase from ¥2,977,508,154.92 at the end of the previous year[9]. - Net assets attributable to shareholders increased by 3.84% to ¥2,458,585,410.86 from ¥2,367,567,946.56 at the end of the previous year[9]. - The company’s total assets increased significantly, with accounts receivable financing decreasing by 37.71% due to the adoption of bank acceptance for settlement[17]. - Total non-current liabilities amounted to CNY 14,302,345.43, compared to CNY 8,215,033.46, indicating an increase of 74.5%[47]. - Total liabilities decreased to CNY 563,127,516.95 from CNY 609,940,208.36, a reduction of 7.7%[47]. - The total current liabilities increased slightly from CNY 601,725,174.90 to CNY 605,111,000.52, with an adjustment of CNY 3,385,825.62[71]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,701, with the top ten shareholders holding a combined 75.69% of the shares[14]. - The largest shareholder, He Yamin, holds 32.34% of the shares, followed by He Jia with 28.04%[14]. Cash Flow - The company experienced a 278.31% increase in net cash and cash equivalents, amounting to CNY 37,409,303.84, attributed to higher cash receipts from sales[21]. - Cash inflow from operating activities totaled ¥231,262,853.76, up from ¥129,530,231.65, indicating a rise of about 78.5%[64]. - The cash outflow from operating activities was ¥152,474,660.28, compared to ¥103,734,286.65 in the prior period, reflecting an increase of approximately 46.9%[64]. - The total cash and cash equivalents at the end of the period amounted to ¥451,583,096.34, down from ¥575,431,292.37[64]. Expenses - Research and development expenses rose by 132.31%, reflecting the company's increased investment in R&D projects[17]. - The company reported a significant increase in sales expenses by 43.25%, mainly due to higher technical service fees and increased business hospitality expenses compared to the previous year[17]. - The increase in sales expenses was notable, rising to ¥8,933,544.50 from ¥6,236,164.31, which is an increase of about 43.3%[56]. Future Projections - The company forecasts a net profit attributable to shareholders of RMB 117.76 million to RMB 152.39 million for the first half of 2021, representing a year-on-year increase of 70% to 120%[35]. - Basic earnings per share are expected to increase from RMB 0.07 to RMB 0.11 to RMB 0.15, reflecting a growth of 57.14% to 114.29%[35]. Regulatory and Compliance - The company has not conducted an audit for the first quarter report of 2021[78]. - The company has implemented the new lease accounting standards starting from 2021, affecting the financial statements[71].

Financial Performance - Operating revenue for the period was ¥221,512,079.72, representing a year-on-year growth of 61.55%[7] - Net profit attributable to shareholders was ¥66,458,052.72, a significant increase of 167.67% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥61,496,029.09, up 239.40% year-on-year[7] - Basic earnings per share for the period were ¥0.07, an increase of 250.00% year-on-year[7] - The total comprehensive income for the current period was ¥63,695,102.45, compared to ¥26,839,437.40 in the previous period, representing an increase of approximately 137.5%[66] - The company reported a significant increase in cash received from sales of goods and services, reaching ¥227.71 million compared to ¥152.72 million, a growth of 48.9%[88] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,877,570,380.62, an increase of 8.03% compared to the end of the previous year[7] - The total liabilities increased by 38.26% due to a steady increase in contracts signed for the grinding system and its supporting equipment manufacturing business, leading to higher cash received from customers[1] - The company's total liabilities increased to ¥574,496,754.25 from ¥462,772,483.75, reflecting a rise of approximately 24.1%[57] - The company's equity attributable to shareholders increased to ¥2,303,073,626.37 from ¥2,200,837,059.85, marking an increase of about 4.7%[57] - Total current liabilities amounted to CNY 456,001,339.17, with accounts payable at CNY 150,053,091.77 and contract liabilities at CNY 174,069,785.74[96] Cash Flow - The net cash flow from operating activities was ¥39,850,714.73, reflecting a substantial increase of 40.66% compared to the previous year[7] - Cash flow from operating activities generated ¥96,024,535.51, significantly up from ¥26,677,393.16 in the previous period[83] - The ending cash and cash equivalents balance was ¥549,193,240.04, up from ¥333,326,296.70 in the previous period[83] - Net cash flow from financing activities was -¥22,724,927.04, an improvement from -¥57,799,257.84 in the previous period[83] Shareholder Information - Major shareholders include He Yamin with 32.34% and He Jia with 28.04% of shares[12] - The company reported a total of 1,033,460,000 shares outstanding as of the last trading day before disclosure[7] - The total number of shares increased from 1,017.5 million to 1,033.46 million after the completion of the restricted stock incentive plan registration in September 2020[34] Research and Development - Chengdu Lijun is investing 200 million yuan in R&D for new product development, focusing on innovative technologies in the next fiscal year[106] - Research and development expenses for the current period were ¥5,982,800.76, slightly down from ¥6,107,459.13 in the previous period, indicating a decrease of about 2.1%[66] Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2024[106] - The company has outlined a revenue guidance of 6 billion yuan for the full year 2023, indicating a growth target of 20%[106] - New product launches are expected to contribute an additional 500 million yuan in revenue in 2024[106] Corporate Governance - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[50] - The company strictly fulfilled its commitments regarding avoiding competition during the reporting period[38]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 276,291,249.75, a slight increase of 0.01% compared to CNY 276,257,477.00 in the same period last year[23]. - Net profit attributable to shareholders decreased by 15.23% to CNY 69,274,271.39 from CNY 81,718,741.78 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 57,751,382.19, a decrease of 14.71% compared to CNY 67,710,204.16 in the same period last year[23]. - The basic earnings per share for the first half of 2020 was CNY 0.07, down 12.50% from the previous year[23]. - The operating profit for the same period was CNY 82 million, a decrease of 11.50% year-on-year, while net profit fell by 15.23% to CNY 69 million[52]. - The company's operating costs rose by 4.51% year-on-year, totaling CNY 157.72 million[56]. - The company reported a decrease in sales expenses by 11.57% to CNY 15,565,872.51, and management expenses decreased by 18.76% to CNY 26,126,725.58[63]. Cash Flow and Assets - The net cash flow from operating activities significantly improved to CNY 56,173,820.78, a 3,495.45% increase compared to a negative cash flow of CNY -1,654,386.79 in the previous year[23]. - The company's cash and cash equivalents saw a net decrease of CNY 15.27 million, a decline of 631.91% compared to the previous year[52]. - The net cash flow from investing activities was CNY -72,857,753.09, a decrease of 6,455.80% year-on-year, primarily due to payments related to the aerospace equipment intelligent production line project[66]. - The net increase in cash and cash equivalents was CNY -15,268,729.14, a decline of 631.91% compared to the previous year, attributed to significant payments for project-related costs[66]. - The company's total assets as of June 30, 2020, were CNY 2,727,094,872.65, reflecting a 2.38% increase from CNY 2,663,609,543.60 at the end of the previous year[23]. - The company's other current assets increased by 829,063.42 yuan, a growth of 187.66 times, mainly due to the increase in deductible VAT input tax[42]. - The company's non-current assets increased by 68,195,899.30 yuan, a growth of 2,492.29%, primarily due to payments for the aerospace equipment intelligent production line project[42]. - The company's accounts receivable increased by 1,658,009.77 yuan, a growth of 39.81%, mainly due to an increase in commercial acceptance bill settlements by customers[42]. - The company's cash and cash equivalents at the end of the reporting period amounted to CNY 645.59 million, representing 23.67% of total assets, up from 18.67% in the previous year[75]. - Accounts receivable increased to CNY 207.08 million, accounting for 7.59% of total assets, compared to 6.70% in the previous year[75]. - Inventory rose to CNY 399.29 million, making up 14.64% of total assets, an increase from 13.08% year-on-year[75]. Business Operations and Strategy - The company focuses on the manufacturing of high-efficiency, energy-saving, and environmentally friendly grinding systems and their supporting equipment, primarily serving the cement, mining, and metallurgy industries[36]. - The company's roller press (high-pressure roller mill) is recognized as one of the most efficient and energy-saving crushing devices, significantly improving metal recovery rates and reducing steel and electricity consumption[36]. - The company's aerospace subsidiary, Chengdu Dekun Aviation Equipment Manufacturing Co., has a comprehensive manufacturing chain and serves major clients like Boeing and Airbus, with a focus on precision machining and assembly of aerospace components[37]. - The company’s grinding equipment aligns with national policies promoting energy conservation and emission reduction, indicating a positive development outlook[36]. - The company’s production model is based on sales contracts, ensuring production is organized according to customer delivery dates[36]. - The company plans to continue enhancing its product processing and supporting service capabilities to adapt to market demands[48]. Research and Development - The company obtained 3 new national patents during the reporting period, maintaining its core competitiveness in the grinding system and supporting equipment manufacturing business[46]. - Research and development expenses increased by 69.05% to CNY 8,887,703.71, mainly due to increased investment in aerospace research and development[66]. - The company plans to enhance its research and development efforts to maintain its competitive edge in grinding technology and equipment[118]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The total number of shares increased from 100.25 million to 101.75 million after the completion of the restricted stock incentive plan[140]. - The largest shareholder, He Yamin, holds 34.60% of the shares, while He Jia holds 28.48%[191]. - The top three shareholders collectively own 76.37% of the company, indicating a high concentration of ownership[192]. - The company has a total of 33,830 shareholders, with significant holdings by the top shareholders[191]. - The first employee stock ownership plan holds 9,600,000 shares, representing 0.94% of the total shares[191]. Fundraising and Investments - The total amount of raised funds is RMB 97,759.54 million, with a total investment of RMB 2,523.64 million during the reporting period[88]. - Cumulative investment of raised funds amounts to RMB 62,656.93 million, with 37.79% of the funds having been repurposed[88]. - The company terminated three fundraising projects, with total committed investments of RMB 74,405 million and actual investments of RMB 28,109.19 million[88]. - The company used RMB 32,100 million of raised funds to acquire 100% equity of Chengdu Dekun Aviation Equipment Manufacturing Co., Ltd.[91]. - The company plans to invest RMB 15,000 million in its wholly-owned subsidiary for the aerospace equipment intelligent production line project[91]. - The total investment for the new aerospace equipment intelligent production line project is RMB 600 million, with a signed investment agreement with the local government[173]. Risks and Challenges - The company faces risks related to aviation industry policy adjustments, economic policy regulation, raw material price fluctuations, and market expansion challenges in the mining sector[117][118]. - The company emphasizes the importance of monitoring industry policies and trends to seize development opportunities and enhance its risk management capabilities[117]. Legal and Compliance - The semi-annual financial report for the company has not been audited[128]. - There were no significant litigation or arbitration matters during the reporting period[130]. - The company is involved in ongoing litigation regarding a rental contract, with a claim for approximately 2.09 million CNY in unpaid rent and penalties[157]. - The company has not engaged in any entrusted financial management during the reporting period[159]. - The company has not reported any major contracts that significantly impact its profit during the reporting period[157]. Employee Stock Ownership Plans - The company implemented its first employee stock ownership plan, acquiring a total of 13,700,000 shares from major shareholders[136]. - The first employee stock ownership plan's lock-up period lasted for 12 months from the purchase date, which was November 23, 2017[136]. - The first restricted stock incentive plan was approved, granting 15 million shares at a price of 3.36 yuan per share[140]. - The company has extended the duration of the first employee stock ownership plan twice, with the latest extension until October 30, 2020[139]. - In July 2020, the company completed the acquisition of 17,820,000 shares from its controlling shareholder, representing 1.7514% of the total share capital, as part of the second employee stock ownership plan[144]. - The second phase of the restricted stock incentive plan was approved, granting 15.96 million shares to 65 incentive targets at a price of 2.38 CNY per share, with the grant date set for July 22, 2020[144].

成都利君实业股份有限公司 2020 年第一季度报告全文 成都利君实业股份有限公司 2020 年第一季度报告 2020 年 04 月 1 成都利君实业股份有限公司 2020 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。 公司负责人何亚民先生、主管会计工作负责人林麟先生及会计机构负责人(会计主管人员) 魏革亮女士声明：保证季度报告中财务报表的真实、准确、完整。 2 成都利君实业股份有限公司 2020 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 □ 是 √ 否 | --- | --- | --- | --- | --- | |-------|------------------------------------|------------------|------------------|---------------------------| | | | 本报 ...