1 证券代码：002722 证券简称：金轮股份 债券代码：128076 债券简称：金轮转债 金轮蓝海股份有限公司投资者关系活动记录表 编号：20211202 | --- | --- | --- | --- | --- | |----------------------------|--------------------------------------------------------|--------------------------------------------------------|-------|---------------| | | | | | | | 投资者关系活动 | 特定对象调研 □分析师会议 | | | | | 类别 | □媒体采访 □新闻发布会 □路演活动 | 业绩说明会 | | | | | □现场参观 | 其他（电话会议） | | | | 参与单位名称及 | 信达证券股份有限公司：王明路 | | | | | 人员姓名 | 光大保德信基金管理有限公司：朱梦天 | | | | | | 浙商证券股份有限公司：李博华、刘玮奇 | | | | | | 上海人寿保险股份有限公司：李 ...

证券代码：002722 证券简称：金轮股份 债券代码：128076 债券简称：金轮转债 金轮蓝海股份有限公司投资者关系活动记录表 编号：20211203 | --- | --- | --- | --- | --- | |----------------------------|----------------------------------------------------------------------------|-------|-------------------------------|-------| | 投资者关系 \n活动类别 \n | 特定对象调研 □分析师会议 \n□媒体采访 \n□新闻发布会 □路演活动 \n□现场参观 | | 业绩说明会 \n其他（电话会议） | | | 参与单位名 | 天风证券股份有限公司：李由 | | 中银基金管理有限公司：吴晓钢 | | | | 国融证券股份有限公司：李中炜 广发基金管理有限公司：吴敌 | | | | | 称及人员姓 | 嘉实基金管理有限公司：马丁 | | 中泰证券股份有限公司：彭婷 | | | 名 | 粤开证券股份有限公司：张亚光 华泰 ...

Group 1: Company Overview - The company is Jinlun Blue Ocean Co., Ltd., with stock code 002722 and bond code 128076 [1] - The company held an investor relations activity on May 24, 2022, in its conference room [2] Group 2: Financial Performance - The company's profit for the first quarter remained stable compared to the previous year, while the second quarter saw a decline due to regional pandemic impacts [2] - The overall business operations are considered normal despite the challenges faced [2] Group 3: Market Demand and Policy Impact - The company anticipates that the relaxation of infrastructure and real estate policies will eventually impact demand, although current market demand is not significantly felt [2] - The company has not observed a noticeable increase in overseas orders, but there has been a significant growth in overseas orders last year [3] Group 4: Production Capacity and Utilization - The total production capacity of the company's three main subsidiaries for stainless steel decorative panels is approximately 180,000 to 190,000 tons, with a high utilization rate last year [3] - Future expansion plans aim to increase production capacity to around 250,000 tons, with gradual release expected in the following years [3] Group 5: Strategic Partnerships and Resources - The company values resources from Yuantong Industrial, particularly in supply chain advantages and cost control [3] - Potential asset injections from Yuantong Industrial may include stainless steel surface processing and trading businesses [3] Group 6: Corporate Governance and Management - The transfer of control is pending approval from the Shenzhen Stock Exchange, expected to be completed by mid-June [3] - The company's goodwill primarily stems from the acquisition of Senda Decoration, which has remained stable with no significant risks identified [4]

Financial Performance - The company's revenue for Q3 2022 was ¥764,634,096.34, a decrease of 6.59% compared to the same period last year[5] - Net profit attributable to shareholders was ¥23,207,085.82, down 47.36% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,517,989.78, a decline of 60.98% compared to the previous year[5] - The basic earnings per share were ¥0.14, representing a decrease of 44.00% year-on-year[5] - Total operating revenue for the current period was ¥2,114,479,458.13, a decrease of 9.65% from ¥2,340,769,531.37 in the previous period[19] - Net profit for the current period was ¥75,085,209.45, a decline of 39.73% compared to ¥124,670,045.06 in the previous period[20] - Earnings per share (EPS) for the current period was ¥0.43, down from ¥0.71 in the previous period[21] - The company reported a total comprehensive income of ¥75,079,794.00, down from ¥124,670,921.23, indicating a decline of 39.66%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,974,626,182.43, a decrease of 1.44% from the end of the previous year[5] - Total current assets as of September 30, 2022, amount to CNY 1,732,303,048.14, a decrease from CNY 1,784,622,426.05 at the beginning of the year[16] - Total assets as of September 30, 2022, are CNY 2,974,626,182.43, down from CNY 3,018,220,999.34[16] - Total current liabilities decreased to CNY 659,631,094.03 from CNY 803,614,955.09, a reduction of approximately 18%[16] - Total liabilities decreased to ¥914,406,980.44 from ¥1,006,683,391.66, reflecting a reduction of 9.15%[20] - Long-term borrowings amount to CNY 40,000,000.00, with total non-current liabilities at CNY 196,540,712.47[16] Cash Flow - The cash flow from operating activities was ¥173,801,386.17, an increase of 610.40% compared to the same period last year[10] - Cash flow from operating activities generated a net amount of ¥173,801,386.17, a significant improvement from a net outflow of ¥34,052,128.19 in the previous period[22] - The net cash flow from investment activities was 29,076,007.78 CNY, a significant improvement compared to a net outflow of -145,424,760.75 CNY in the previous period[23] - Cash inflow from financing activities totaled 278,302,383.56 CNY, down from 353,150,000.00 CNY in the prior period[23] - The net cash flow from financing activities was -151,794,433.25 CNY, slightly worse than the previous net outflow of -132,638,918.75 CNY[23] - The total cash and cash equivalents at the end of the period amounted to 364,606,693.45 CNY, compared to 170,609,671.32 CNY at the end of the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,142[12] - The largest shareholder, Nantong Jinlun Holdings, holds 18.88% of shares, totaling 33,126,534 shares, with 7,000,000 shares pledged[12] Other Financial Metrics - The company reported a significant decrease in trading financial assets by 50.05% to ¥50,118,902.79 compared to the beginning of the year[9] - The company’s intangible assets increased by 51.29% to ¥106,605,250.75, mainly due to the acquisition of land use rights[9] - The company’s contract liabilities increased by 104.96% to ¥31,175,978.98, primarily due to increased advance payments received[9] - The company’s income tax expense decreased by 47.54% to ¥24,314,793.70, mainly due to a reduction in total profit compared to the previous year[9] - Research and development expenses rose to ¥19,008,516.04, an increase of 15.66% from ¥16,424,786.97[19] - Other income increased to ¥3,499,671.06, compared to ¥2,987,171.80 in the previous period, reflecting a growth of 17.09%[20] Audit and Reporting - The company did not undergo an audit for the third quarter report[24] - The report was released on October 14, 2022, by the board of directors[24]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,349,845,361.79, a decrease of 11.32% compared to ¥1,522,216,008.29 in the same period last year[19]. - The net profit attributable to shareholders was ¥51,621,936.32, down 35.85% from ¥80,474,078.05 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥44,737,379.39, a decline of 40.35% compared to ¥74,997,015.93 in the previous year[19]. - The basic earnings per share decreased to ¥0.29, down 36.96% from ¥0.46 in the same period last year[19]. - The net cash flow from operating activities was negative at -¥44,827,867.68, a significant decline of 442.69% compared to ¥13,081,019.45 in the previous year[19]. - The company reported a total profit for the first half of 2022 of ¥73,496,589.09, a decline of 33.9% compared to ¥111,160,005.32 in the first half of 2021[165]. - The company's operating profit decreased to ¥74,705,747.99, down 33.2% from ¥111,842,228.00 in the same period last year[165]. - The total comprehensive income for the first half of 2022 was ¥51,745,245.82, a decrease of 35.8% from ¥80,484,158.97 in the same period of 2021[166]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,053,745,746.88, an increase of 1.18% from ¥3,018,220,999.34 at the end of the previous year[19]. - The total liabilities reached ¥1,016,712,437.24, showing a slight increase from ¥1,006,683,391.66 at the beginning of the year[158]. - The company's equity attributable to shareholders was ¥2,034,649,294.00, up from ¥2,009,276,060.18 at the start of the year, indicating a growth of 1.3%[158]. - Cash and cash equivalents at the end of the reporting period were ¥299,481,363, accounting for 9.81% of total assets, down from 10.48% at the end of the previous year[51]. - The total liabilities at the end of the reporting period were ¥4,986.65 million, indicating a slight increase from the previous year[178]. Market and Industry Trends - The textile industry saw a 5.7% increase in revenue for large enterprises, but total profits decreased by 17.0%[29]. - In the first half of 2022, China's stainless steel crude steel production was 16.35 million tons, a year-on-year decline of 5.26%[31]. - The retail sales of home appliances in China dropped by 9.3% to 338.9 billion yuan in the first half of 2022[33]. - The elevator industry experienced a production decline of 11.5% in the first half of 2022, with new housing starts down 34.4%[32]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company focuses on group management and industrial investment, allowing subsidiaries to concentrate on their respective business operations[36]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[178]. - The company aims to improve operational efficiency through technological advancements and process optimization[178]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[178]. Research and Development - Research and development investment increased by 21.73% to approximately ¥13.1 million, indicating a focus on innovation and product development[45]. - The company has developed a full industrial chain for textile combing equipment, which includes design, manufacturing, and R&D capabilities[38]. - The company aims to leverage technological advancements to innovate its product offerings and capture new market opportunities[182]. Environmental Compliance - Jiangsu Jinlun Special Steel Wire Co., Ltd. reported organized emissions of nitrogen oxides with a concentration of 55 mg/m³, compliant with the national standard[86]. - The company has implemented a wastewater treatment system with a total of 1 discharge outlet for COD, maintaining a concentration of 25 mg/L[86]. - The company has invested in specialized treatment equipment to ensure compliance with environmental regulations, including systems for wastewater treatment and air pollution control[88]. - The company has committed to social responsibility initiatives, maintaining the interests of shareholders, employees, customers, and suppliers[90]. Risks and Challenges - The company faced significant risks and has outlined measures to address these risks in the report[3]. - The competition in the textile combing equipment market is intensifying, with domestic companies narrowing the performance gap with international brands, leading to increased pressure on mid-to-low-end product pricing[73]. - Raw material costs, primarily stainless steel and special steel, constitute a large portion of the company's main business costs, and fluctuations in steel prices could adversely affect operating performance[74]. - The company faces human resource risks due to the increasing demand for high-quality talent amidst a challenging recruitment environment, which could impact its competitive advantage[75]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 18,786[129]. - The largest shareholder, Nantong Jinlun Holdings Co., Ltd., holds 18.88% of the shares, totaling 33,126,530 shares[129]. - The company reported a total of 11,581,954 shares held by strategic investors, with 7,346,800 shares held by Zhu Shanzhong, representing 4.19% of total shares[130]. - The company has a total of 175,484,942 shares after the recent changes, with 99.99% being unrestricted shares[126]. Financial Management - The company reported a total guarantee limit of CNY 33,000 million during the reporting period, with actual guarantees amounting to CNY 17,000 million[119]. - The company has entrusted CNY 12,000 million in bank financial products using its own funds and CNY 5,000 million using raised funds, totaling CNY 17,000 million in entrusted financial management[121]. - The company maintained a long-term credit rating of AA- with a stable outlook, and the credit rating for the convertible bonds also remained at AA-[149].

Financial Performance - The company's revenue for Q1 2022 was ¥618,603,627.99, representing a slight increase of 0.42% compared to ¥616,024,378.30 in the same period last year[3] - Net profit attributable to shareholders decreased by 5.67% to ¥36,470,142.16 from ¥38,663,684.95 year-on-year[3] - Basic and diluted earnings per share both decreased by 4.55% to ¥0.21 from ¥0.22 year-on-year[3] - Net profit for Q1 2022 was CNY 36,501,891.32, down from CNY 38,649,869.74 in Q1 2021, reflecting a decrease of approximately 5.57%[19] - The net profit attributable to the parent company was CNY 36,470,142.16, compared to CNY 38,663,684.95 in the same period last year, showing a decline of about 5.77%[20] Cash Flow - The net cash flow from operating activities was negative at -¥49,343,099.45, a decline of 80.14% compared to -¥27,391,696.62 in the previous year[3] - The company reported a net cash outflow from operating activities of CNY -49,343,099.45 for Q1 2022, worsening from CNY -27,391,696.62 in Q1 2021[23] - Cash inflow from financing activities amounted to ¥86.30 million, down from ¥100.15 million year-over-year, a decrease of about 13.8%[24] - Cash outflow from financing activities was ¥105.28 million, compared to ¥162.56 million in the prior year, reflecting a decrease of approximately 35.1%[24] - Net cash flow from financing activities was negative at ¥18.97 million, an improvement from the previous year's negative ¥62.41 million[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,020,180,405.87, a slight increase of 0.06% from ¥3,018,220,999.34 at the end of the previous year[3] - The total liabilities decreased to CNY 972,067,872.89 from CNY 1,006,683,391.66 year-over-year, a reduction of about 3.43%[19] - Total current liabilities decreased from CNY 803,614,955.09 to CNY 766,453,934.24, a reduction of approximately 4.6%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,718[10] - The company reported a total of 10 major shareholders, with Nantong Jinlun Holdings Co., Ltd. holding the largest share at 31.07%[11] - The second phase of the employee stock ownership plan holds 2.88% of the shares[11] Research and Development - Research and development expenses increased by 58.39% to ¥6,740,794.55 from ¥4,255,835.51 year-on-year[7] - Research and development expenses increased to CNY 6,740,794.55 in Q1 2022, up from CNY 4,255,835.51 in Q1 2021, marking a growth of approximately 58.49%[19] Investment Activities - The cash flow from investment activities showed a net outflow of -¥37,416,020.15, an improvement of 56.03% compared to -¥85,092,526.85 in the previous year[8] - Total cash inflow from investment activities was approximately ¥260.09 million, down from ¥438.90 million in the previous year, representing a decrease of about 40.7%[24] - Cash outflow from investment activities totaled ¥297.51 million, compared to ¥523.99 million in the same period last year, indicating a reduction of approximately 43.3%[24] - Net cash flow from investment activities was negative at ¥37.42 million, an improvement from the previous year's negative ¥85.09 million[24] Current Assets - Current assets totaled CNY 1,803,415,535.97, compared to CNY 1,784,622,426.05 at the beginning of the year, indicating a growth of approximately 1.84%[14] - Cash and cash equivalents decreased from CNY 316,419,367.48 to CNY 202,481,496.32, a decline of about 36%[14] - Accounts receivable increased from CNY 441,519,037.82 to CNY 463,122,455.95, reflecting a growth of approximately 4.5%[14] - Inventory rose from CNY 573,695,770.08 to CNY 613,976,474.02, an increase of about 7%[14] Audit Status - The first quarter report was not audited, indicating that the financial data may be subject to further review[25]

Financial Performance - The company's operating revenue for 2021 was ¥3,149,629,670.31, representing a 33.08% increase compared to ¥2,366,805,499.78 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥128,263,531.67, a significant increase of 281.07% from ¥33,658,514.72 in 2020[22]. - The net profit after deducting non-recurring gains and losses was ¥120,653,717.83, reflecting a 370.55% increase compared to ¥25,641,004.32 in 2020[22]. - The basic earnings per share for 2021 was ¥0.73, up 284.21% from ¥0.19 in 2020[22]. - The company's total assets at the end of 2021 were ¥3,018,220,999.34, a slight increase of 0.70% from ¥2,997,320,589.33 at the end of 2020[23]. - The net assets attributable to shareholders increased by 5.83% to ¥2,009,276,060.18 at the end of 2021, compared to ¥1,898,534,333.16 at the end of 2020[23]. - The net cash flow from operating activities for 2021 was ¥158,424,758.69, a decrease of 43.71% from ¥281,440,242.59 in 2020[22]. - The weighted average return on equity for 2021 was 6.57%, an increase of 4.80 percentage points from 1.77% in 2020[22]. - Total revenue for 2021 reached ¥3,149,629,670.31, representing a year-on-year increase of 33.08% compared to ¥2,366,805,499.78 in 2020[56]. - Revenue from stainless steel decorative plate processing accounted for 75.57% of total revenue, with a year-on-year growth of 34.11% from ¥1,774,681,181.07 to ¥2,380,073,338.86[56]. - Domestic sales contributed ¥3,031,107,789.98, making up 96.24% of total revenue, with a year-on-year increase of 32.71%[56]. Dividend Distribution - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares (including tax) to all shareholders[4]. - The company distributed a cash dividend of RMB 175,477,162 (including tax), amounting to RMB 1.00 per share for every 10 shares held, as approved in the 2020 annual general meeting[143]. - The total distributable profit for the year is reported at 660,061,373.63 yuan[145]. - The company did not propose a cash dividend distribution plan for the reporting period, despite having positive distributable profits[144]. Research and Development - The company reported a significant focus on the research and development of new products and technologies, particularly in the stainless steel decorative materials sector[21]. - The company has established a comprehensive research system for textile carding equipment, recognized as a "Needle Cloth Product R&D Center" by the China Textile Machinery Association, and holds dozens of patents[47]. - Research and development expenses rose to ¥24,056,006.49, marking a 30.54% increase year-over-year, reflecting the company's commitment to enhancing product competitiveness[71]. - The company is in the implementation phase for several key R&D projects, including the development of specialized needle cloth for non-cotton fibers and high-end combing rollers[68]. - The company has established a collaborative R&D center with Nanjing University to enhance its product development capabilities in stainless steel surface treatment and nano-coating technology[51]. - The company plans to continue its investment in research and development to support future growth initiatives[122]. Market and Business Strategy - The company’s main business segments include the development, production, and sales of textile combing equipment and stainless steel decorative materials[21]. - The company is engaged in the production and sales of textile combing equipment and stainless steel decorative panels, indicating a focus on specialized manufacturing sectors[32]. - The company aims for a 2022 revenue target of CNY 3,172.94 million and a net profit target of CNY 130.14 million[98]. - The company plans to enhance its high-end stainless steel decorative board projects and optimize its industry layout to improve overall asset returns[98]. - The company intends to explore new business opportunities in hydrogen energy and lithium battery-related core components[98]. - The company will focus on digital transformation to enhance organizational capabilities and operational efficiency[98]. - The company plans to actively expand its overseas market share, particularly in the textile carding equipment sector[95]. Risk Management - The company has identified risks related to raw material price fluctuations and liquidity, which may impact future performance[5]. - The company faces risks from raw material price fluctuations, particularly in stainless steel and special steel, which significantly impact production costs[99]. - Liquidity risk is a concern due to significant capital requirements for project development; the company plans to diversify funding sources and enhance risk control to mitigate this risk[100]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments due to macroeconomic uncertainties[5]. - The company is expanding its scale, which increases the complexity of group management and poses risks to operational control[99]. - The company faces risks related to human resources as it expands its business and needs to attract and retain talent through competitive compensation and promotion mechanisms[100]. Governance and Compliance - The company has a comprehensive governance structure, including a board of directors and supervisory board, ensuring accountability and transparency[4]. - The company has established a robust internal control system and governance structure in compliance with relevant laws and regulations, ensuring operational transparency[105]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements for board composition[106]. - The company has implemented a performance evaluation mechanism and talent management strategies to meet its multi-level talent needs[100]. - The company emphasizes the importance of a strong corporate culture to enhance employee commitment and alignment with business goals[100]. - The company has established various committees within the board to effectively oversee strategic, audit, and compensation matters, with independent directors leading most committees[106]. - The company has maintained a consistent internal control framework that meets the requirements set by regulatory authorities[148]. - The company has committed to fair and transparent practices in related party transactions to protect the interests of shareholders[170]. - The company has established a clear ownership structure, ensuring that all assets are under its control and independently operated[172]. Employee and Social Responsibility - The total number of employees at the end of the reporting period was 2,216, with 1,501 in production, 128 in sales, 176 in technology, 85 in finance, and 326 in administration[139]. - The company has established a scientific compensation and performance management system, with performance assessment targets set according to job characteristics[141]. - The company conducts annual health check-ups for employees to ensure their physical well-being and has improved health check standards[162]. - The company actively engages in social responsibility initiatives, including funding local schools and supporting community infrastructure projects[166]. - The company has established employee mutual aid and assistance funds to support employees in financial difficulties[162]. - The company organizes numerous technical exchange meetings annually to foster collaboration and innovation within the industry[164]. Environmental Responsibility - The company has established relevant environmental protection systems and measures for waste gas, wastewater, solid waste, and noise control, which are operating well[157]. - The company has passed environmental impact assessments for its construction projects and received approval from local authorities[159]. - The company has installed online automatic detection equipment at pollutant discharge outlets, connected to the national environmental protection platform[159]. - The company reported no administrative penalties due to environmental issues during the reporting period[159]. - The company implements clean production practices and adheres to environmental regulations to minimize negative impacts on society and the environment[165].

Financial Performance - The company's revenue for Q3 2021 reached ¥818,553,523.08, representing a year-on-year increase of 34.33%[3] - Net profit attributable to shareholders was ¥44,090,115.72, a significant increase of 422.33% compared to the same period last year[3] - The basic earnings per share (EPS) for the period was ¥0.25, reflecting a 412.50% increase year-on-year[3] - Operating revenue for Q3 2021 reached ¥2,340,769,531.37, an increase of 43.81% compared to ¥1,627,655,830.68 in the same period last year[8] - Net profit attributable to shareholders of the parent company surged to ¥124,564,193.77, representing a 513.69% increase from ¥20,297,465.52 year-on-year[8] - Total operating revenue for Q3 2021 reached ¥2,340,769,531.37, an increase of 43.7% compared to ¥1,628,354,685.14 in Q3 2020[17] - The total profit for Q3 2021 was ¥171,017,408, compared to ¥44,906,614 in Q3 2020, representing a significant increase[18] - Net profit for Q3 2021 reached ¥124,670,045, up from ¥19,438,080 in the same period last year, indicating a growth of approximately 540%[18] - Basic earnings per share for Q3 2021 were ¥0.71, compared to ¥0.12 in Q3 2020, reflecting a substantial increase[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,027,873,777.52, a 1.02% increase from the end of the previous year[3] - Total assets as of September 30, 2021, were ¥3,027,873,777.52, a slight increase from ¥2,997,320,589.33 at the end of 2020[15] - Total liabilities decreased to ¥1,020,162,794.24 from ¥1,096,548,200.86, a reduction of 6.9%[15] - Total liabilities reached approximately CNY 1.097 billion, with current liabilities at CNY 909.65 million[25] - Shareholders' equity totaled approximately CNY 1.901 billion, with total equity attributable to the parent company at CNY 1.899 billion[25] Cash Flow - The company reported a net cash flow from operating activities of -¥34,052,128.19, indicating a decline of 118.11% year-to-date[3] - Cash flow from operating activities improved to ¥2,395,294,391.65, a 44.28% increase compared to ¥1,660,118,429.33 in the same quarter last year[8] - Operating cash flow for the period was negative at -¥34,052,128, a decline from a positive cash flow of ¥188,022,290 in the previous year[21] - Cash inflow from operating activities totaled ¥2,361,242,263, compared to ¥1,848,140,719 in the prior year, marking an increase of about 28%[21] - Cash outflow from operating activities was ¥2,395,294,391, up from ¥1,660,118,429, indicating a rise of approximately 44%[21] - The company reported a cash and cash equivalents balance of ¥170,609,671 at the end of the period, down from ¥356,714,182 at the end of the previous year[21] Investments - Long-term equity investments rose by 34.55% to ¥71,689,127.92, primarily due to new investments in Shanghai Kunhua New Energy Technology Co., Ltd.[7] - Investment income increased significantly to ¥4,394,781.09, a 302.47% rise from a loss of ¥2,170,557.32 in the previous year[8] - The company experienced a 53.89% decrease in cash flow from investing activities, totaling ¥1,108,799,291.05 compared to ¥2,404,459,173.46 in the previous year[8] - Investment activities generated a net cash outflow of -¥145,424,760, compared to -¥33,392,942 in the previous year, showing a worsening in investment cash flow[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,851[10] - The largest shareholder, Nantong Jinlun Holdings Co., Ltd., holds 31.07% of the shares, totaling 54,527,143 shares[10] Expenses - Sales expenses rose by 30.05% to ¥59,635,647.76, driven by the significant increase in operating revenue[8] - Research and development expenses for Q3 2021 were ¥16,424,786.97, compared to ¥13,162,282.47 in Q3 2020, indicating a year-over-year increase of 24.3%[17] Other Financial Metrics - The weighted average return on equity (ROE) for the period was 2.22%, an increase of 2.93% compared to the previous year[3] - The company recorded non-operating income of ¥1,758,391.17 for the period, with government subsidies contributing to this figure[5] - The company reported goodwill of approximately CNY 530.13 million, indicating significant intangible assets[24] - The company has a long-term debt of approximately CNY 173.88 million, reflecting its financial leverage[25] - The company has a deferred income tax asset of approximately CNY 50.17 million, which may impact future tax liabilities[24] - The report indicates that the third quarter report was not audited, which may affect the reliability of the financial data presented[26] - The company has a capital reserve of approximately CNY 1.110 billion, indicating strong retained earnings[25] - The company has a total of CNY 46 million in accounts payable, reflecting its short-term obligations[24]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,522,216,008.29, representing a 49.49% increase compared to ¥1,018,294,844.02 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was ¥80,474,078.05, a significant increase of 136.85% from ¥33,976,147.34 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥74,997,015.93, up 163.72% from ¥28,437,993.89 year-on-year[20]. - The basic earnings per share for the first half of 2021 was ¥0.46, an increase of 142.11% compared to ¥0.19 in the same period last year[20]. - The diluted earnings per share was ¥0.45, reflecting a 136.84% increase from ¥0.19 in the previous year[20]. - The total operating revenue for the reporting period reached ¥1,522,216,008.29, representing a year-on-year increase of 49.49% due to the recovery from the pandemic and rising prices of stainless steel materials[48]. - The operating profit reached 111.84 million CNY, up 123.46% compared to the same period last year[37]. - The total profit amounted to 111.16 million CNY, reflecting a growth of 125.13% year-on-year[37]. - The company reported a significant increase in sales revenue from services, amounting to ¥63,966,251.79, compared to ¥39,162,779.13 in the previous year, marking a growth of approximately 63%[174]. - The company achieved a profit before tax of ¥111,160,005.32, which is a 125.0% increase from ¥49,375,035.71 in the first half of 2020[164]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,065,456,974.33, a 2.27% increase from ¥2,997,320,589.33 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,961,467,338.48, up 3.31% from ¥1,898,534,333.16 at the end of the previous year[20]. - The company's asset-liability ratio as of June 30, 2021, was 35.94%, a decrease of 0.64% from the previous year-end[149]. - Total liabilities as of June 30, 2021, were CNY 1,101,742,445.97, slightly up from CNY 1,096,548,200.86 at the end of 2020, indicating a marginal increase of about 0.48%[156]. - The total liabilities increased to ¥217,915,839.19 in the first half of 2021, up from ¥191,048,270.51 in the same period of 2020, indicating a growth of 14.1%[162]. Cash Flow - The net cash flow from operating activities was ¥13,081,019.45, a decrease of 90.03% compared to ¥131,169,395.20 in the same period last year[20]. - Cash inflows from operating activities reached ¥1,447,077,476.37, up from ¥1,132,119,610.65 in the same period last year, reflecting a growth of approximately 28%[170]. - The net cash flow from investing activities was -¥219,410,480.86, worsening from -¥69,069,621.78 year-over-year[172]. - The net cash flow from financing activities was -¥53,730,459.39, a decline from a positive net cash flow of ¥43,948,407.51 in the same period last year[172]. - The company's cash and cash equivalents decreased significantly from CNY 487,826,634.66 on December 31, 2020, to CNY 230,529,932.04 by June 30, 2021, a decline of about 52.76%[154]. Research and Development - Research and development investment rose by 26.71% to ¥10,758,498.70, indicating a commitment to innovation and product development[48]. - The company has established a comprehensive R&D system for textile combing equipment, recognized as a "Needle Cloth Product R&D Center" by the China Textile Machinery Association, and holds dozens of patents[38]. - The company has established a stainless steel surface treatment and nano-coating technology R&D center in collaboration with Nanjing University, enhancing its competitive edge in the stainless steel decorative materials market[42]. - The company focuses on high-performance needle cloth product design and development, continuously optimizing product structure and enhancing quality[38]. Market and Product Strategy - The company is focusing on enhancing product quality and expanding its product range to meet market demands, particularly in the stainless steel decorative board sector[36]. - The company plans to continue optimizing its product structure and increasing the proportion of high-end stainless steel decorative boards in response to rising consumer demand[36]. - The company is focusing on maintaining a diversified product range, including various types of stainless steel decorative panels, to meet customer demands and enhance competitive advantage[44]. - The company has built stable partnerships with over 5,000 domestic and international enterprises, ensuring robust and sustainable business growth[39]. Risks and Challenges - The management highlighted potential risks including raw material price fluctuations and liquidity risks[5]. - The company faces risks related to raw material price fluctuations, particularly in stainless steel and special steel, which significantly affect production costs[67]. - The company is expanding its scale, which increases the complexity of group management and poses risks to effective oversight[68]. - The company is implementing measures to attract and retain talent, addressing risks associated with human resources as business expands[68]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 18,621[129]. - The largest shareholder, Nantong Jinlun Holdings Co., Ltd., holds 31.07% of the shares, totaling 54,527,143 shares[129]. - The second largest shareholder, Anfu International (Hong Kong) Investment Co., Ltd., holds 9.81% of the shares, totaling 17,205,904 shares[129]. - The company has a second-phase employee stock ownership plan, which holds 5,066,825 shares[130]. Environmental and Legal Compliance - The company has established environmental protection measures, with no reported administrative penalties for environmental issues during the reporting period[83]. - The company has installed online automatic detection equipment for pollutant discharge, which is connected to the national environmental protection platform[83]. - There were no significant lawsuits or arbitration matters reported during the reporting period, with a total of 4,792.89 thousand yuan involved in minor disputes[92]. Financial Management - The total amount of entrusted financial management reached ¥29,000,000, with an outstanding balance of ¥20,400,000[110]. - The company has ongoing plans for entrusted financial management, indicating a strategy for future investments[112]. - The company reported a fixed interest rate of 3.11% on a ¥4,000,000 deposit, yielding a return of ¥10.37[112]. - The company has a strategy for market expansion through diversified financial management products[112].

Financial Performance - The company's revenue for Q1 2021 was ¥616,024,378.30, representing a 71.92% increase compared to ¥358,311,657.41 in the same period last year[8] - Net profit attributable to shareholders reached ¥38,663,684.95, a significant increase of 1,754.13% from ¥2,085,278.89 year-over-year[8] - The net profit after deducting non-recurring gains and losses was ¥34,871,015.52, up 5,139.82% from a loss of ¥691,909.31 in the previous year[8] - Basic earnings per share increased to ¥0.22, a 2,100.00% rise from ¥0.01 in the same quarter last year[8] - The weighted average return on net assets improved to 2.02%, compared to 0.11% in the previous year[8] - The company expects a net profit attributable to shareholders of RMB 64.55 million for the first half of 2021, representing a 90% increase compared to RMB 34.00 million in the same period last year[25] - Basic earnings per share are projected to rise by 94.74%, from RMB 0.19 to RMB 0.37[25] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥27,391,696.62, a decline of 151.44% compared to ¥53,248,963.14 in the same period last year[8] - The company's cash and cash equivalents decreased by 36.84%, from RMB 487.83 million to RMB 308.12 million, a reduction of RMB 179.71 million[18] - The total cash inflow from operating activities was CNY 705,991,500.12, an increase of 43.2% compared to CNY 493,048,558.13 in the previous period[60] - The net cash flow from operating activities was -CNY 27,391,696.62, a decrease from CNY 53,248,963.14 in the previous period[61] - The ending balance of cash and cash equivalents was CNY 308,118,952.03, an increase from CNY 282,462,103.21 in the previous period[62] Investments and Income - Investment income surged by 912.01%, from RMB 251.74 thousand to RMB 2.55 million, an increase of RMB 2.30 million[18] - The company reported an investment income of ¥2,547,643.21, compared to ¥251,740.32 in the previous year, showing improved performance in investments[51] Liabilities and Equity - Total liabilities decreased from CNY 1,096,548,200.86 to CNY 1,040,269,135.18, a decline of about 5.1%[44] - Total equity increased from CNY 1,900,772,388.47 to CNY 1,939,425,964.39, reflecting a growth of about 2.0%[45] - The company reported a net profit increase, with retained earnings rising from CNY 484,815,740.19 to CNY 523,479,425.14, an increase of approximately 8.0%[45] Operating Costs and Expenses - Total operating costs amounted to ¥565,152,580.87, compared to ¥358,369,477.40 in the prior year, indicating a rise in costs[51] - The company reported a 350.64% increase in income tax expenses, amounting to RMB 15.43 million compared to RMB 3.42 million in the previous period[18] - Research and development expenses rose to ¥4,255,835.51 from ¥3,484,842.09, reflecting increased investment in innovation[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,659[12] Structured Deposits - The total amount of structured deposits reached 47,000, with a fixed interest rate of 2.75% and an expected return of 11.46[32] - The company reported a floating interest rate of 3.11% on a principal of 6,000, resulting in an expected return of 15.55[32] - A structured deposit of 5,000 with a fixed interest rate of 3.05% is projected to return 15.04[32] Compliance and Governance - The financial report indicates no violations of external guarantees during the reporting period[34] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[35] - The company did not engage in any research, communication, or interview activities during the reporting period[36]