山东龙泉管道工程股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | |-------------------------|-----------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：002671 证券简称：龙泉股份 公告编号：2022-100 山东龙泉管道工程股份有限公司 关于参加山东辖区上市公司 2022 年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与广大投资者的沟通交流，山东龙泉管道工程股份有限公司 （以下简称"公司"）将参加由中国证券监督管理委员会山东监管局、山东上市 公司协会等单位联合举办的"山东辖区上市公司 2022 年度投资者网上集体接待 日活动"，现将有关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的网上平台举行，投资者可以 登录全景网"投资者关系互动平台"（http://ir.p5w.net/）参与本次投资者网上接待 日活动，活动时间为 2022 年 11 月 16 日（星期三）14:00 至 16:00。 届时公司董事长兼总裁付波先生、董事会秘书李文波先生、财务总监贲亮亮 先生将采用网络在线交流的方式，与投资者进行沟通交流。欢迎广大投资者积极 参与。 特此公告。 山东龙泉管道工程股份有限公司董事会 二零二二年十一月十二日 ...

山东龙泉管道工程股份有限公司 2022 年第三季度报告 证券代码：002671 证券简称：龙泉股份 公告编号：2022-097 山东龙泉管道工程股份有限公司 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 山东龙泉管道工程股份有限公司 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 单位：元 2 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 314,635,578.12 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥413,271,210.93, a decrease of 18.65% compared to ¥508,008,707.39 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥53,649,542.01, representing a decline of 1,003.38% from ¥5,938,731.60 in the previous year[20]. - The net cash flow from operating activities was -¥163,466,598.00, a significant decrease of 295.16% compared to -¥41,367,259.22 in the same period last year[20]. - The basic earnings per share were -¥0.09, down 1,000.00% from ¥0.01 in the previous year[20]. - Total assets at the end of the reporting period were ¥3,114,290,258.64, a decrease of 1.53% from ¥3,162,813,505.81 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥2,159,724,837.00, down 1.98% from ¥2,203,288,383.32 at the end of the previous year[20]. - The company reported a significant increase in cash flow from financing activities, which rose by 1,865.75% to CNY 134,659,978.96, primarily due to increased borrowings[68]. - The cash and cash equivalents decreased by 67.19% to CNY -26,955,572.48, reflecting a net cash outflow[68]. - The company reported a significant increase in credit impairment losses, amounting to CNY 5,858,887.65 in the first half of 2022, compared to CNY 15,595,421.77 in the same period of 2021[163]. - The total comprehensive income for the first half of 2022 was a loss of CNY 55,564,578.84, compared to a profit of CNY 4,191,136.37 in the first half of 2021[160]. Revenue Breakdown - Revenue from PCCP and related pipeline business was CNY 330,703,697.98, accounting for 80.02% of total revenue, with a year-on-year growth of 5.55%[37]. - Revenue from metal fittings was CNY 58,885,145.31, representing 14.25% of total revenue, with a year-on-year decline of 66.48%[37]. - The building materials sector accounted for 80.02% of total revenue, with a year-on-year growth of 5.55%[66]. - The metal pipe fittings sector saw a dramatic decline in revenue by 66.48%, contributing only 14.25% to total revenue[66]. Operational Risks and Challenges - The company faces operational risks and has outlined corresponding countermeasures in its report[3]. - The company faces risks related to the COVID-19 pandemic, which may lead to fluctuations in demand and a potential decline in business volume due to supply chain uncertainties[81]. - The performance of the company's PCCP pipe products is closely tied to the release schedule of large-scale water conservancy projects, which can cause significant fluctuations in operating performance[81]. - The company is exposed to risks of delayed supply for signed contracts due to various uncertainties affecting project construction progress, which may impact expected sales revenue[82]. - The company has a high balance of accounts receivable due to the long construction periods of water conservancy and municipal projects, which may affect cash flow[84]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has established a comprehensive service system covering the entire lifecycle of pipeline management, including manufacturing, sales, installation, and maintenance[53]. - The company is expanding its product offerings by developing new types of pipes, including 3PE anti-corrosion steel pipes and stainless steel pipes, to meet diverse construction needs[53]. - The company has implemented centralized procurement management to mitigate risks associated with price fluctuations of raw materials like steel and cement, which have seen significant volatility[83]. - The company plans to enhance its market development capabilities and improve production efficiency to address potential declines in bidding success rates as business expands[84]. Innovation and Technology - The company has accumulated 29 invention patents, 90 utility model patents, and 6 software copyrights, reflecting its commitment to innovation and technology development[60]. - The company has implemented a quality management system that has passed ISO9001 certification, focusing on continuous improvement and reliability of product quality, especially for high-temperature and high-pressure applications in the petrochemical and nuclear power sectors[61]. - The company has a strong focus on R&D, continuously innovating in high-pressure and nuclear-grade metal fittings, which has become a significant driver of its competitive advantage[59]. Environmental and Social Responsibility - The company invested approximately 6.2821 million yuan in environmental governance and protection during the reporting period[99]. - The company paid about 50,600 yuan in environmental protection tax in the reporting period[99]. - The company adheres to environmental protection laws and has increased investment in environmental facilities to contribute to local ecological balance[102]. - The company has not faced any administrative penalties from environmental protection authorities during the reporting period[99]. Shareholder and Equity Management - The company approved the repurchase and cancellation of 785,000 restricted stocks for seven departed incentive targets as part of its stock incentive plan[90]. - The company held its annual and temporary shareholder meetings with participation rates of 43.30% and 41.68% respectively, discussing key resolutions and decisions[87]. - The total number of shares before the recent changes was 111,741,363, which decreased by 2,904,775 shares to 108,836,588 shares after the changes, representing a reduction of approximately 2.6%[131]. - The company’s total share capital is 566,510,368 shares, with 80.79% being tradable shares after the recent adjustments[132]. - The ongoing equity transfer is expected to impact the company's financial status and operational results upon completion[128].

Financial Performance - The company's revenue for Q1 2022 was ¥129,019,317.96, a decrease of 25.28% compared to ¥172,680,739.43 in the same period last year[3] - The net profit attributable to shareholders was -¥44,842,257.88, representing a decline of 2,078.00% from ¥2,267,053.27 in the previous year[3] - Net profit for Q1 2022 was a loss of CNY 45,385,325.85, compared to a profit of CNY 596,874.55 in Q1 2021, indicating a significant decline in profitability[18] - The total comprehensive income attributable to the parent company was -44,842,257.88 CNY, compared to 2,267,053.27 CNY in the previous period[19] - Basic and diluted earnings per share were both -0.08 CNY, down from 0.004 CNY in the previous period[19] Cash Flow - The net cash flow from operating activities was -¥133,695,301.73, showing an improvement of 4.92% compared to -¥140,613,857.72 in the same period last year[3] - Cash inflow from operating activities totaled 214,571,512.46 CNY, an increase from 165,233,693.54 CNY in the previous period[22] - Cash outflow from operating activities was 348,266,814.19 CNY, compared to 305,847,551.26 CNY in the previous period[22] - Cash inflow from financing activities was 192,256,255.97 CNY, up from 125,653,500.00 CNY in the previous period[23] - Net cash flow from financing activities was 83,795,541.83 CNY, significantly higher than 9,848,110.33 CNY in the previous period[23] - The ending balance of cash and cash equivalents was 67,564,669.05 CNY, down from 104,368,125.57 CNY in the previous period[23] - The company reported a decrease in cash flow from investing activities, with a net cash outflow of -9,781,035.70 CNY compared to -17,318,794.26 CNY in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,962,988,187.40, down 6.32% from ¥3,162,813,505.81 at the end of the previous year[3] - Total liabilities decreased to CNY 792,885,565.93 from CNY 948,625,006.34, a reduction of 16.5%[15] - Accounts receivable decreased to CNY 651,825,613.95 from CNY 773,098,630.57, a reduction of 15.7%[13] - Inventory increased to CNY 245,202,520.61, up 6.3% from CNY 230,040,179.00 at the beginning of the year[13] - The company's cash and cash equivalents decreased to CNY 174,232,836.08 from CNY 257,771,855.10 at the beginning of the year, a decline of 32.4%[13] Investment and Expenses - The company reported a 100% decrease in investment income due to losses from associated companies[7] - Management expenses increased by 29.62% compared to the same period last year, primarily due to depreciation costs from unstarted bases[7] - The company experienced a 43.52% increase in net cash flow from investing activities, mainly from proceeds from the disposal of subsidiaries[7] - The company reported a significant increase in credit impairment losses, amounting to CNY 8,678,709.55, compared to CNY 7,923,192.35 in the previous year[18] - The company’s long-term equity investments rose to CNY 5,497,657.99 from CNY 1,769,696.73, an increase of 210.5%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,682[9] - The largest shareholder, Jianhua Building Materials (China) Co., Ltd., held 16.68% of the shares, totaling 94,488,394 shares[9] Other Information - The report for the first quarter was not audited[24]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[14] - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[14] - The company's operating revenue for 2021 was ¥1,375,875,517.55, representing a 64.43% increase compared to ¥836,771,454.77 in 2020[20] - The net profit attributable to shareholders in 2021 was ¥17,655,389.49, a significant turnaround from a loss of ¥90,051,047.58 in 2020, marking a 119.61% improvement[20] - The net cash flow from operating activities for 2021 was ¥47,897,314.94, compared to a negative cash flow of ¥248,727,976.24 in 2020, indicating a 119.26% increase[20] - The company's total assets at the end of 2021 were ¥3,162,813,505.81, a 2.18% increase from ¥3,095,185,184.22 at the end of 2020[20] - The net assets attributable to shareholders increased by 0.84% to ¥2,203,288,383.32 at the end of 2021 from ¥2,184,835,659.06 at the end of 2020[20] - The basic earnings per share for 2021 was ¥0.03, a recovery from a loss of ¥0.18 per share in 2020, reflecting a 116.67% improvement[20] - The company reported non-recurring gains of ¥43,781,728.43 in 2021, compared to ¥5,910,996.16 in 2020, indicating a substantial increase[26] - The company's main business revenue for 2021 reached ¥1,333,031,239, representing a year-on-year increase of 60.89% compared to ¥828,540,217 in 2020[66] Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 20% increase in market share[5] - The company plans to continue expanding its market presence in the PCCP industry, which is expected to see sustained demand due to ongoing water conservancy projects in China[30] - The company is exploring potential mergers and acquisitions to enhance its service capabilities and market reach[5] - The company has begun to establish production capacity for 3PE anti-corrosion steel pipes and has started supplying them[39] - The company is actively expanding its underground pipeline lifecycle management services, focusing on the Yangtze River Delta region[39] - The company aims to enhance profitability by stabilizing and expanding its core business areas, particularly in anti-corrosion steel pipes and pipeline detection services[114] - The company plans to expand its market presence by entering new geographic regions and increasing distribution channels[194] Research and Development - Research and development expenses increased by 25% in 2021, focusing on new pipeline technologies and materials[14] - The number of R&D personnel decreased by 4.27% to 112, with the proportion of R&D staff in the total workforce dropping to 8.41% from 9.94%[84] - The company is in the application phase for several new product developments, including low-pressure concrete pipes and HDPE double-sealed linings, aimed at enhancing competitiveness[83] - The company has achieved significant advancements in the manufacturing technology of PCCP, reaching international standards, which positions it well for future growth[30] Operational Efficiency - The company has implemented new management strategies to improve operational efficiency, targeting a 10% reduction in costs by the end of 2022[5] - The company has established a sales management system that emphasizes long-term tracking, order acquisition, and after-sales service to enhance customer satisfaction[50] - The company has implemented a management model that clarifies responsibilities and enhances business expansion advantages through a "regional + project-based" operational management approach[58] - The company has established a performance evaluation system for various departments to enhance operational efficiency and risk management capabilities[127] Risks and Challenges - The company faces risks related to raw material price fluctuations, which could impact profit margins by up to 5%[5] - The company faces risks related to the COVID-19 pandemic, which may impact supply chains and customer demand[118] - The company is exposed to risks from delays in project construction schedules, which can affect the timely delivery of signed contracts[119] - Fluctuations in raw material prices, particularly steel and cement, pose a risk to the company's cost control efforts[120] Environmental and Governance - The company has established a comprehensive environmental management system in compliance with national laws and standards[167] - The company and its subsidiaries strictly follow environmental protection laws, including the Environmental Protection Law and the Air Pollution Prevention and Control Law[167] - The company has implemented measures to ensure that emissions of pollutants meet the required standards, with no exceedances reported[168] - The company has established a modern corporate governance structure to protect the rights of shareholders and creditors, ensuring orderly management and compliance with information disclosure principles[173] Related Party Transactions - The company engaged in related party transactions with Suzhou Yujing, purchasing raw materials at a market price, amounting to 697.7 million yuan[193] - The company follows a fair pricing principle for related party transactions, ensuring compliance with market prices[198] - The company’s related party transactions are conducted based on market prices, ensuring fairness and transparency[198] Shareholder and Management Structure - The company reported a total of 11,481,060 shares held by directors and senior management at the end of the reporting period, with a net increase of 3,630,155 shares due to restricted stock grants[133] - The company has a strict remuneration policy based on operational performance and individual contributions[142] - The company has expanded its management team with multiple executive directors across various subsidiaries[141] - The company has established a comprehensive governance structure with various supervisory roles across its subsidiaries[141]

证券代码：002671 证券简称：龙泉股份 公告编号：2021-082 山东龙泉管道工程股份有限公司 关于参加山东辖区上市公司 2021 年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 为进一步加强与广大投资者的沟通交流，山东龙泉管道工程股份有限公司（以下简称"公 司"）将参加"山东辖区上市公司 2021 年度投资者网上集体接待日"活动，现将有关事项公 告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网上平台举行，投 资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与本次投资者网上接待日活动， 互动交流时间为 2021 年 11 月 16 日（星期二）下午 14:00-16:00。 届时公司董事会秘书唐倩女士、证券事务代表翟慎琛先生将采用网络在线交流的方式，与 投资者进行沟通交流。欢迎广大投资者积极参与。 特此公告。 山东龙泉管道工程股份有限公司 董事会 二零二一年十一月十一日 ...

山东龙泉管道工程股份有限公司 2021 年第三季度报告 证券代码：002671 证券简称：龙泉股份 公告编号：2021-079 山东龙泉管道工程股份有限公司 2021 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 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 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 482,154,485.78 | 99.16% | 990,163,193.17 | 12 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 508,008,707.39, representing a 145.53% increase compared to CNY 206,905,847.58 in the same period last year[19]. - The net profit attributable to shareholders was CNY 5,938,731.60, a significant turnaround from a loss of CNY 84,427,243.44 in the previous year, marking a 107.03% improvement[19]. - The basic earnings per share increased to CNY 0.01 from a loss of CNY 0.18, reflecting a 105.56% increase[19]. - The company's total assets at the end of the reporting period were CNY 3,075,412,627.16, a slight decrease of 0.64% from CNY 3,095,185,184.22 at the end of the previous year[19]. - The net cash flow from operating activities improved to CNY -41,367,259.22, a 46.15% reduction in losses compared to CNY -76,815,877.54 in the same period last year[19]. - The company reported a total comprehensive income of CNY 119,932,664.57, recovering from a comprehensive loss of CNY 39,323,995.99 in the first half of 2020[169]. - The net profit for the first half of 2021 was CNY 119,932,664.57, a significant recovery from a net loss of CNY 39,323,995.99 in the same period of 2020[168]. - The company reported a significant increase in contract assets, rising to CNY 178,211,030.29 from CNY 150,578,681.66, an increase of about 18.4%[155]. Market and Industry Trends - The pre-stressed concrete cylinder pipe (PCCP) industry has seen significant advancements, with domestic manufacturing technology reaching international standards, indicating a strong future demand for PCCP in water conservancy projects[27]. - The industrial metal fittings industry is experiencing a structural shift, with a focus on high-end products due to a shortage in supply, despite the presence of over 1,900 manufacturers in the sector[29][31]. - The company is positioned to benefit from the ongoing construction of major water conservancy projects, including the South-to-North Water Diversion Project, which will drive demand for PCCP[28]. - The domestic market for stainless steel pipes is expanding, particularly in urban areas where drinking water safety is prioritized, leading to increased adoption of thin-walled stainless steel pipes[34]. - The company has identified a growing market for anti-corrosion steel pipes, particularly with the increasing application of 3PE anti-corrosion technology in large pipeline projects[33]. Risks and Challenges - The company faces risks including the impact of the COVID-19 pandemic and fluctuations in raw material prices, which may affect future performance[5]. - The company has acknowledged the uncertainty in achieving future plans due to market conditions and operational challenges[5]. - The company faces risks related to delayed supply of signed contracts for PCCP and metal pipe fittings, which may impact sales revenue due to construction progress being affected by various uncertainties[84]. - Fluctuations in raw material prices, particularly steel and cement, pose a risk to cost control for PCCP pipes and metal fittings, prompting the company to adopt centralized procurement management and establish price adjustment mechanisms with clients[85]. Operational Developments - The company has established initial production capacity for 3PE anti-corrosion steel pipes and achieved a breakthrough in underground pipeline lifecycle management services[36]. - The company has built production bases for PCCP across more than ten provinces, enhancing its sales radius to cover various regions in China[53]. - The establishment of the Smart Pipeline Division allows the company to provide comprehensive management services for underground pipelines, expanding its business from product supply to maintenance[54]. - The company has implemented a "regional + project-based" operational management model to enhance business stability and reduce performance volatility[53]. Subsidiaries and Investments - The major subsidiary, Changzhou Longquan Pipeline Engineering Co., Ltd., reported total assets of ¥422,802,939.84 and a net loss of ¥2,290,362.73 for the period[81]. - The company established two new subsidiaries during the reporting period, Yunnan Zequan Pipeline Co., Ltd. and Jilin Zequan Pipeline Co., Ltd., with no significant impact on overall operations[82]. - The company has established a new wholly-owned subsidiary in Yunnan with an investment of ¥20,000,000.00, aimed at expanding its product offerings in concrete pipe manufacturing[74]. Corporate Governance and Compliance - The company has a modern corporate governance structure that effectively safeguards the rights of shareholders and creditors[98]. - The company adheres to strict environmental regulations and standards, ensuring compliance with various environmental protection laws during its operations[94]. - The company has established a comprehensive employee rights protection system, including social security, compensation benefits, and safety production measures[98]. - The company has no significant litigation or arbitration matters during the reporting period, with 8 cases still under review and the rest resolved[109]. Related Party Transactions - The company reported a procurement transaction amount of 7.22 million yuan with a related party, adhering to market pricing principles[111]. - The company has established a fair pricing mechanism for all related party transactions, ensuring compliance with market conditions[111]. - The company maintains transparency in its related party transactions, with disclosures made in accordance with regulatory requirements[111]. Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[156]. - The company plans to strengthen the development of new products and businesses to mitigate the impact of the pandemic[83]. - The company is actively investing in new technologies and product development to drive future growth and competitiveness[156].

Financial Performance - The company's operating revenue for Q1 2021 was ¥172,680,739.43, representing a 255.43% increase compared to ¥48,584,266.61 in the same period last year[8] - The net profit attributable to shareholders was ¥2,267,053.27, a significant turnaround from a loss of ¥49,467,818.47 in the previous year, marking a 104.58% improvement[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,502,560.50, compared to a loss of ¥49,473,636.98 last year, reflecting a 103.04% increase[8] - The company's operating revenue increased by 255.43% compared to the same period last year, while operating costs rose by 208.72%, primarily due to increased sales[18] - The net profit for Q1 2021 was CNY 596,874.55, compared to a net loss of CNY 50,351,032.99 in the same period last year[42] - The total profit for Q1 2021 was CNY 308,389.67, a significant recovery from a loss of CNY 59,737,195.47 in the same period last year[42] - The company reported a basic and diluted earnings per share of CNY 0.004, recovering from a loss of CNY 0.10 in the previous year[43] - The gross profit margin improved, with a gross profit of CNY 17,388,754.22, compared to a gross loss in the previous period[45] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥140,613,857.72, which is a 25.43% increase in outflow compared to ¥112,101,273.59 in the previous year[8] - The company's cash and cash equivalents decreased from ¥376,177,607.10 to ¥269,300,711.45, a decline of approximately 28.4%[32] - The net cash flow from operating activities was negative CNY 140,613,857.72, worsening from negative CNY 112,101,273.59 in the prior period[50] - The net increase in cash and cash equivalents was negative CNY 148,084,541.65, compared to negative CNY 97,723,023.04 previously, indicating a decline in liquidity[51] - The ending balance of cash and cash equivalents was CNY 104,368,125.57, down from CNY 134,783,705.30, a decrease of about 22%[51] - Cash inflow from financing activities totaled CNY 125,653,500.00, compared to CNY 83,627,500.00, reflecting an increase of approximately 50%[51] - Cash outflow for debt repayment was CNY 104,000,000.00, significantly higher than CNY 40,000,000.00 in the previous period[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,025,841,749.65, a decrease of 2.24% from ¥3,095,185,184.22 at the end of the previous year[8] - Total liabilities increased to CNY 1,210,728,331.33 from CNY 1,148,352,238.47, indicating a rise in financial obligations[38] - Current liabilities totaled CNY 1,207,513,522.44, compared to CNY 1,145,026,383.62 in the previous period, reflecting a growth in short-term financial commitments[38] - The company's total equity stood at CNY 2,139,988,668.03, slightly down from CNY 2,142,068,562.13, reflecting changes in retained earnings[38] - Total liabilities amounted to CNY 903,749,124.61, with current liabilities totaling CNY 885,216,841.92[58] - The total equity attributable to shareholders reached CNY 2,184,835,659.06, while total equity was CNY 2,191,436,059.61[58] Investments and Expenses - Research and development expenses grew by 50.17% year-on-year, reflecting increased investment in R&D[18] - Research and development expenses increased to CNY 2,612,110.59 from CNY 1,739,480.90 year-over-year, indicating a focus on innovation[41] - The company reported a decrease in employee compensation payable to CNY 17,880,015.12 from CNY 26,310,115.69, indicating potential cost management efforts[34] - The financial expenses for Q1 2021 were CNY 6,510,146.88, slightly down from CNY 6,793,691.73 in the previous period[41] - The company experienced a decrease in management expenses to CNY 40,287,980.97 from CNY 51,795,712.15 year-over-year, reflecting cost control measures[41] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,925[11] - The number of restricted stock grants to 65 incentive objects totaled 11.07 million shares, with the listing date set for February 5, 2021[17] - Minority interests increased by 127.24% compared to the beginning of the period, mainly due to changes in the shareholding ratio of minority shareholders[18] Other Financial Metrics - The weighted average return on net assets was 0.10%, an increase of 2.95% from -2.85% in the same period last year[8] - The company reported a 100% reduction in credit impairment losses compared to the previous year, attributed to increased recoveries of prior receivables[18] - Deferred tax assets increased to CNY 92,832,045.59 from CNY 88,433,338.83, suggesting a favorable tax position[35] - The report for the first quarter of 2021 was not audited, which may affect the reliability of the financial data presented[63]