证券代码：002774 证券简称：快意电梯 编号：2022-002 | --- | --- | --- | |---------------------|------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | 类别 | □媒体采访 □业绩说明会 | | | | □新闻发布会 | □路演活动 | | | □现场参观 ☑ | 其他 | | 活动内容 | 通过全景网参与" | 2022 广东辖区上市公司投资者关系管理月活动 - | | | 投资者集体接待日"活动 | | | | | 主办单位 中国证券监督管理委员会、广东监管局广东上市公司协会 | | 活动时间 2022 | 年 ...

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 快意电梯股份有限公司 2022 年第三季度报告 证券代码：002774 证券简称：快意电梯 公告编号：2022-050 快意电梯股份有限公司 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: 适用 □不适用 | | | | 单位：元 | | --- | --- | --- | --- | | 项目 | 本报告期金额 | 年初至报告期期末 | 说明 | | | | 金额 | | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） 越权审批或无正式批准文件的税收返还、减免 | -21,727.20 | 44,606.19 | | | 计入当期损益的政府补助（与公司正常经营业务密切相关， | | | | | 符合国 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥642,231,615.42, a decrease of 46.50% compared to ¥1,200,530,792.87 in the same period last year[20]. - The net profit attributable to shareholders was ¥21,856,587.95, down 91.41% from ¥254,588,065.83 in the previous year[20]. - The net cash flow from operating activities was negative at ¥248,250,072.47, a decline of 314.07% compared to ¥115,969,197.17 in the same period last year[20]. - Basic earnings per share decreased to ¥0.0649, down 91.42% from ¥0.7562 in the previous year[20]. - Total assets at the end of the reporting period were ¥1,925,761,981.67, a decrease of 19.18% from ¥2,382,657,273.21 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 15.50% to ¥1,149,563,824.86 from ¥1,360,449,858.46 at the end of the previous year[20]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥6,849,921.49, compared to a loss of ¥4,131,600.71 in the same period last year, marking a 265.79% improvement[20]. - The weighted average return on net assets was 1.59%, down 19.27% from 20.86% in the previous year[20]. - The company's revenue for the current period is ¥642,231,615.42, a decrease of 46.50% compared to ¥1,200,530,792.87 in the same period last year, primarily due to the absence of income from the "Three Olds Renovation" project which generated approximately ¥700 million last year[69]. - Operating costs decreased by 13.63% to ¥492,759,741.15 from ¥570,510,328.94, as there were no costs associated with the aforementioned project this period[69]. - The company reported a net cash flow from operating activities of -¥248,250,072.47, a significant decrease of 314.07% compared to ¥115,969,197.17 in the previous year[69]. - The company’s cash and cash equivalents decreased by 93.48% to -¥346,272,272.84, primarily due to reduced cash flow from operating activities[69]. Market and Industry Insights - In the first half of 2022, the elevator industry in China produced a total of 647,000 units, with a significant impact from the pandemic leading to fluctuations in production rates[32]. - The total value of China's goods trade in the first half of 2022 reached CNY 19.8 trillion, a year-on-year increase of 9.4%, with exports amounting to CNY 11.14 trillion, up 13.2%[33]. - The number of elevators exported from China in the first half of 2022 was 31,052 units, while imports were only 553 units, indicating a strong export market[33]. - The average annual growth rate of China's elevator ownership from 2012 to 2021 was 15.25%, increasing from 2.4533 million units to 8.7998 million units[34]. Company Strategy and Operations - The company has established a comprehensive product system, including various types of passenger elevators, freight elevators, escalators, and moving walkways, with specifications for high-speed elevators reaching speeds of up to 10.0 m/s[29]. - The company is focusing on expanding its self-maintenance rate for elevators, recognizing the importance of after-sales service as a significant revenue source[41]. - The company is committed to the transformation towards intelligent manufacturing, aligning with global trends in the manufacturing sector[32]. - The company has implemented a strict procurement management process to optimize costs and ensure the quality of its products[36]. - The company has developed a new 15-ton cargo elevator and a second-generation steel belt home elevator, showcasing advanced industry-level capabilities[49]. - The company has established a comprehensive strategic management system to align its annual performance goals with key performance indicators, ensuring effective strategy execution[48]. - The company has invested in advanced production lines, significantly improving production efficiency while maintaining high quality standards[54]. - The company has developed a third-generation IoT elevator system capable of real-time monitoring and remote upgrades, enhancing operational efficiency[50]. - The company has achieved a 100% wastewater recovery rate through its advanced wastewater treatment system, demonstrating its commitment to environmental protection[56]. - The company provides customized elevator solutions tailored to client needs, highlighting its strong design capabilities in the non-standard product market[59]. Research and Development - Research and development investment increased by 18.69% to ¥19,214,459.99, mainly due to higher salaries for R&D personnel[69]. - The company employs 150 R&D personnel, with 231 holding bachelor's degrees and 10 holding master's degrees, indicating a strong focus on talent development[50]. - The company is committed to innovation and has a structured R&D plan to ensure that projects align with market needs and can be effectively commercialized[103]. - The company has invested over 60 million in technological upgrades over the past three years, recognized as a key growth enterprise by the Dongguan government[113]. Financial Management and Investments - The company has received multiple quality awards, including being recognized as one of the top 10 elevator manufacturers in China, reflecting its commitment to quality and brand strength[63]. - The company has a strong international market presence, exporting products to over 60 countries, including Singapore, Malaysia, and Australia, and has become a major supplier for the Singapore HDB project[62]. - The company has invested RMB 315.395 million in financial products using idle raised funds, with total returns of RMB 57.9953 million[86]. - The company has approved the use of up to CNY 250 million of idle raised funds to purchase low-risk financial products with a maturity of no more than one year[90]. - The company has not engaged in any significant external investments or financial transactions with related parties[136]. Risks and Challenges - The company faces risks related to macroeconomic conditions and policy changes, particularly in the real estate sector, which could impact market expectations and performance[99]. - Increased competition in the elevator industry due to new entrants and the need for the company to enhance brand recognition and service quality to retain customers[100]. - Fluctuations in raw material prices, particularly steel, could affect production costs and profitability; the company is implementing lean manufacturing projects to improve efficiency[101]. - Foreign exchange risks are significant due to export revenues being denominated in currencies like USD; the company plans to use forward contracts to manage these risks[102]. Legal and Compliance - The company reported a total litigation amount of RMB 4,494,952.26, which includes contract debts and penalties[128]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[123]. - The company had no violations regarding external guarantees during the reporting period[124]. - The semi-annual financial report was not audited[125]. - There were no bankruptcy reorganization matters during the reporting period[126]. Shareholder Information - The largest shareholder, Dongguan Kuaiyi Equity Investment Co., Ltd., holds 44.95% of the shares, totaling 151,330,520 shares[164]. - The number of shareholders holding ordinary shares at the end of the reporting period was 24,081[164]. - The company has not implemented any share buyback or reduction plans during the reporting period[161]. - There were no changes in the number of shares held by major shareholders during the reporting period[164].

Revenue and Profitability - Revenue for Q1 2022 reached ¥254,617,602.68, an increase of 34.53% compared to ¥189,267,974.85 in the same period last year[3] - Net profit attributable to shareholders was ¥3,115,362.20, a significant turnaround from a loss of ¥6,900,036.59 in the previous year, representing a 145.15% improvement[3] - Basic earnings per share increased to ¥0.0093 from a loss of ¥0.0205, marking a 145.37% increase[3] - The net profit for the first quarter of 2022 was CNY 3,487,434.97, a significant recovery from a net loss of CNY 7,111,469.64 in the same period last year, marking a turnaround of over 149%[20] - The total profit for the quarter reached CNY 4,404,877.70, compared to a total loss of CNY 6,980,322.06 in the previous year, indicating a positive shift in financial performance[20] - The company's operating profit was CNY 4,301,405.00, a substantial improvement from an operating loss of CNY 7,239,584.47 in the prior year[20] - Basic and diluted earnings per share were both CNY 0.0093, recovering from losses of CNY 0.0205 and CNY 0.0203 respectively in the same quarter last year[21] - The total comprehensive income attributable to the parent company was CNY 3,750,177.34, recovering from a loss of CNY 6,890,185.89 in the previous year[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥266,990,682.00, a drastic decline of 1,243.36% compared to -¥19,874,868.34 in the previous year[9] - Cash and cash equivalents decreased to CNY 226,176,768.96 from CNY 544,433,085.69, a decline of 58.5%[15] - The company reported a cash and cash equivalents balance of CNY 211,379,702.47 at the end of the quarter, down from CNY 196,138,609.59 a year earlier[24] - Cash flow from operating activities showed a net outflow of CNY 266,990,682.00, worsening from a net outflow of CNY 19,874,868.34 in the previous year[23] - Cash flow from investing activities resulted in a net outflow of CNY 48,484,922.01, compared to a larger outflow of CNY 252,046,167.44 in the same period last year[24] Assets and Liabilities - Total assets decreased by 10.34% to ¥2,136,293,982.05 from ¥2,382,657,273.21 at the end of the previous year[3] - Total liabilities decreased to CNY 771,327,590.86 from CNY 1,022,356,758.39, a reduction of 24.5%[16] - The company's inventory increased to CNY 332,597,995.07 from CNY 325,454,735.99, reflecting a slight increase of 2.5%[15] - The company reported a significant reduction in accounts payable, which decreased to CNY 148,594,373.29 from CNY 174,728,595.68, a decline of 15.0%[16] - Total assets as of March 31, 2022, were CNY 2,136,293,982.05, down from CNY 2,382,657,273.21 at the beginning of the year, a decrease of 10.3%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,429[10] - The largest shareholder, Dongguan Kuaiyi Equity Investment Co., Ltd., holds 44.95% of the shares, amounting to 151,330,520 shares[11] Expenses and Financial Performance - The total operating costs for Q1 2022 amounted to CNY 250,974,399.37, up from CNY 199,894,693.30, reflecting a year-over-year increase of 25.6%[19] - The company reported a 493.92% increase in financial expenses, amounting to ¥603,863.23, primarily due to increased exchange losses[8] - Investment income rose by 45.23% to ¥3,301,417.32, compared to ¥2,273,283.15 in the previous year[8] - Research and development expenses for Q1 2022 were CNY 8,553,847.41, compared to CNY 7,065,933.74 in the previous year, indicating a year-over-year increase of 21.0%[19] - The company experienced a foreign exchange loss of CNY 652,643.55, which was an increase from a loss of CNY 280,694.40 in the same quarter last year[24] - The company received CNY 426,000,000.00 from investment recoveries, significantly higher than CNY 222,000,000.00 in the previous year[23]

Financial Performance - The company's operating revenue for 2021 was ¥1,984,244,673.57, representing a 111.24% increase compared to ¥939,331,820.53 in 2020[18]. - The net profit attributable to shareholders for 2021 reached ¥280,757,437.91, a significant increase of 798.78% from ¥31,237,573.57 in 2020[18]. - The net cash flow from operating activities was ¥669,241,955.11, marking a 565.89% increase compared to ¥100,503,465.83 in the previous year[18]. - Basic earnings per share for 2021 were ¥0.8339, up 798.60% from ¥0.0928 in 2020[18]. - Total assets at the end of 2021 amounted to ¥2,382,657,273.21, a 35.47% increase from ¥1,758,789,779.65 at the end of 2020[18]. - The company's net assets attributable to shareholders increased by 24.16% to ¥1,360,449,858.46 from ¥1,095,736,422.35 in 2020[18]. - The weighted average return on equity for 2021 was 22.89%, a significant increase from 2.88% in 2020[18]. - The total profit for 2021 was 367.39 million yuan, representing a year-on-year growth of 859.20%[63]. - The net profit attributable to the parent company reached 280.76 million yuan, an increase of 798.78% compared to the previous year[63]. Revenue and Sales - In Q1 2021, the company reported a revenue of ¥189.27 million, which increased to ¥1.01 billion in Q2, followed by ¥327.83 million in Q3 and ¥455.88 million in Q4[22]. - The elevator segment generated ¥1,278,305,854.22, accounting for 64.42% of total revenue, with a year-on-year growth of 36.24%[72]. - The company’s domestic market revenue was ¥1,112,619,821.14, representing 56.07% of total revenue, with a growth of 38.63%[72]. - The sales volume of elevators increased by 43.90% year-on-year, reaching 10,332 units, while production volume rose by 38.10% to 10,844 units[76]. - The top five customers accounted for 44.14% of total sales, with one customer alone contributing 35.32%[80]. Market Position and Strategy - The company has established a strong reputation in the elevator manufacturing industry, being a leading exporter among domestic brands and recognized as one of the "Top Ten Suppliers of Elevators for National Government Procurement" for several years[27]. - The elevator market in China is expected to continue growing due to urbanization and infrastructure development, despite entering a stable growth phase[31]. - The company is focusing on digitalization and smart technology integration in its products, responding to the increasing demand for high-performance green elevators[30]. - The company aims to enhance its competitive edge by investing in research and development to improve product quality and service capabilities[29]. - The company anticipates significant growth in the after-market services, including installation, maintenance, and modernization of existing elevators, driven by the aging installed base[33]. Research and Development - Research and development expenses amounted to ¥38,642,400, leading to nine new patents, including energy-saving monitoring devices and IoT fault alarm systems[67]. - The company has a strong R&D capability, supported by its status as a national high-tech enterprise and various provincial technology centers[49]. - The company has multiple patents in safety technology and energy-saving systems, including a regenerative energy system that significantly improves energy efficiency[51]. - The company has developed a 10m/s ultra-high-speed elevator, becoming one of the first domestic brands to commercialize this product[50]. Corporate Governance - The company held 5 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and protecting minority shareholder rights[128]. - The board of directors consists of 5 members, including 1 chairman and 2 independent directors, and held 9 meetings during the reporting period[129]. - The supervisory board has 3 members and also conducted 9 meetings, effectively overseeing the performance of directors and senior management[130]. - The company maintains complete operational independence from its controlling shareholder, with no interference in decision-making or operational activities[133]. - The company has established a comprehensive internal audit system to monitor financial status and internal controls, enhancing risk management[136]. Employee Management and Training - The total number of employees at the end of the reporting period is 1,659, including 1,154 from the parent company and 505 from major subsidiaries[167]. - The company has established a competitive salary system consisting of fixed salary, performance pay, commission, and benefits, with year-end bonuses included[168]. - The company has a systematic training program for employees, including mandatory and elective courses across various job functions[172]. - A mentor system for new employees has been established to facilitate their integration into the company[171]. - The company has developed a training course system that aligns with employee career advancement pathways[172]. Financial Management - The company has received a net interest income of RMB 61.99 million from bank deposits and financial products as of December 31, 2021[96]. - The company has committed to using RMB 1.28 million for permanent working capital, with 100% of this amount already utilized[102]. - The company has adjusted the investment scale of the Northern Manufacturing Center project to RMB 50.40 million, with RMB 11.28 million already invested[102]. - The company has received government subsidies amounting to ¥5.78 million in 2021, up from ¥3.77 million in 2020[23]. Shareholder and Stock Management - The company has a stock incentive plan that includes granting 9.3744 million restricted stocks at a price of 4.50 yuan per share to 280 eligible employees[183]. - The total pre-tax remuneration for the chairman, Luo Aiwen, was CNY 944,500[155]. - The total pre-tax remuneration for the general manager, Luo Aiming, was CNY 1,154,700[155]. - The company reported a total of 73,206,288 shares held by directors and senior management at the end of the reporting period, with a decrease of 186,500 shares due to performance-based stock repurchases[142]. Social Responsibility - The company actively engaged in social responsibility initiatives during the COVID-19 pandemic, receiving recognition from the Red Cross Society of China[70]. - The company has established a talent training program to enhance employee skills and promote sustainable development[69].

Financial Performance - The company's revenue for Q3 2021 reached ¥327,830,090.26, representing a 47.41% increase compared to the same period last year[3]. - Net profit attributable to shareholders was ¥10,468,293.21, a significant increase of 261.26% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was ¥4,678,601.28, up 489.85% from the previous year[3]. - The company's operating revenue for Q3 2021 reached ¥1,528,360,883.13, a significant increase of 157.04% compared to the previous period, primarily due to revenue from the "Three Olds Renovation" real estate project[7]. - Operating profit for Q3 2021 was ¥309,297,361.33, compared to ¥5,443,666.18 in the same period last year, indicating a substantial improvement[16]. - Net profit for Q3 2021 was ¥264,502,575.05, a sharp increase from ¥4,290,939.48 in Q3 2020, reflecting a growth of over 6,000%[16]. - The net profit attributable to the parent company for Q3 2021 was ¥265,056,359.04, a significant increase from ¥4,500,355.31 in the same period last year, representing a growth of approximately 5885%[17]. - The basic earnings per share for Q3 2021 reached ¥0.7872, compared to ¥0.0134 in Q3 2020, indicating a substantial improvement in profitability[17]. Cash Flow and Investments - The operating cash flow for the year-to-date period was ¥345,994,818.27, reflecting a remarkable increase of 1,077.86%[3]. - The net cash flow from operating activities was ¥345,994,818.27, marking a substantial increase of 1077.86% year-on-year, attributed to higher cash receipts from sales and services[7]. - The net cash flow from investment activities was negative at -¥568,654,100.41, a decrease of 348.20% due to increased purchases of financial products[7]. - The net cash flow from investment activities was -¥568,654,100.41, worsening from -¥126,876,432.25 in the previous year, indicating increased investment outflows[21]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,338,128,224.52, a 32.94% increase from the end of the previous year[3]. - Total assets as of September 30, 2021, amounted to ¥2,338,128,224.52, up from ¥1,758,789,779.65 at the end of 2020, marking an increase of approximately 33%[14]. - Total liabilities increased to ¥994,132,519.70 from ¥662,935,236.72, representing a growth of about 50%[14]. - Cash and cash equivalents decreased to ¥234,109,069.26 from ¥478,401,099.53, a decline of approximately 51%[12]. - Accounts receivable rose significantly to ¥458,492,259.95 from ¥156,665,256.27, an increase of about 192%[12]. - The company reported a significant increase in accounts receivable, which rose by 192.66% to ¥458,492,259.95 due to the transfer of receivables from a real estate project[6]. Expenses and Financial Metrics - Operating costs rose to ¥830,929,263.44, reflecting an increase of 89.71%, driven by higher costs associated with the same real estate project and increased sales in the elevator business[7]. - The company reported a 1928.55% increase in taxes payable, totaling ¥218,058,745.31, mainly due to increased land value tax and corporate income tax[7]. - The company's financial expenses surged by 793.78% to ¥1,417,743.71, primarily due to increased interest expenses and foreign exchange losses[7]. - Investment income increased by 65.20% to ¥10,418,672.48, driven by higher returns from entrusted wealth management products[7]. - The company experienced a 5674.78% increase in taxes and surcharges, amounting to ¥222,764,063.59, due to taxes related to the real estate project[7]. - Research and development expenses for Q3 2021 were ¥25,518,148.20, compared to ¥18,054,508.35 in Q3 2020, indicating an increase of about 41%[16]. - The company reported tax expenses of ¥45,299,294.52 for Q3 2021, up from ¥1,880,828.69 in the previous year, reflecting a significant rise in tax obligations[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,259, with the largest shareholder holding 44.95% of the shares[9]. - The company repurchased part of the unvested shares from the initial equity incentive plan, leading to a 60.90% decrease in other payables to ¥6,345,877.62[7]. Compliance and Standards - The company has begun implementing new leasing standards, resulting in the recognition of right-of-use assets amounting to ¥825,501.96[6]. - The company has adopted new leasing standards starting in 2021, which may impact future financial reporting and asset valuations[22]. - The report for the third quarter was not audited[27]. - The company has not implemented the new leasing standards for retrospective adjustments[26].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,200,530,792.87, representing a 222.54% increase compared to ¥372,208,961.15 in the same period last year[20]. - Net profit attributable to shareholders was ¥254,588,065.83, a significant increase of 15,785.34% from ¥1,602,660.12 in the previous year[20]. - The net cash flow from operating activities improved to ¥115,969,197.17, a 457.92% increase from a negative cash flow of -¥32,400,649.37 in the same period last year[20]. - Basic earnings per share rose to ¥0.7562, up 15,654.17% from ¥0.0048 in the previous year[20]. - Total assets increased by 33.04% to ¥2,339,858,900.91 from ¥1,758,789,779.65 at the end of the previous year[20]. - The net assets attributable to shareholders grew by 21.73% to ¥1,333,824,033.73 from ¥1,095,736,422.35 at the end of the previous year[20]. - The weighted average return on equity increased to 20.86%, up 20.71 percentage points from 0.15% in the previous year[20]. - The company reported a significant increase in cash flow from operating activities, amounting to ¥115,969,197.17, compared to a negative cash flow of ¥32,400,649.37 in the previous year, marking a 457.92% improvement[60]. - The company reported a net profit of CNY 531,784,466.34 for the first half of 2021, compared to CNY 287,805,106.77 for the same period in 2020, representing an increase of approximately 85%[176]. Revenue Sources - The revenue increase was primarily due to the transfer of income from a "three old renovation" real estate project amounting to CNY 700 million[43]. - The company reported a non-recurring profit of approximately CNY 258.72 million, primarily from the transfer of real estate related to the "three old renovations" project[25]. - The elevator segment generated ¥498,150,672.28, accounting for 41.49% of total revenue, with a year-on-year increase of 34.02%[61]. Market and Business Strategy - The company has maintained its core business in the research, design, manufacturing, sales, installation, and maintenance of elevators, escalators, and moving walkways, with a product range of 25 models across 14 series for vertical elevators and 7 models across 2 series for escalators and moving walkways[29]. - The company emphasizes a dual marketing strategy combining direct sales and distribution, supported by a nationwide service network[35]. - The company is focusing on increasing its self-maintenance rate for elevators, which is becoming a significant revenue source due to the rising number of elevators in operation[37]. - The elevator market in China is expected to continue stable growth driven by factors such as urbanization, industrialization, and the aging population, despite a slowdown in growth due to real estate policies[40]. - The company is committed to enhancing its procurement and production processes to optimize costs and ensure production efficiency[32][33]. - The company anticipates that the demand for installation, maintenance, and renovation services will grow as the number of elevators in use increases and their service life approaches its end[40]. - The competitive landscape in the elevator industry is expected to intensify, prompting companies to focus on high-quality and high-tech developments to thrive[40]. Research and Development - Research and development investment rose by 45.56% to ¥16,188,325.51, indicating the company's commitment to enhancing its product offerings[59]. - The company has a robust R&D capability, supported by its status as a national high-tech enterprise and various provincial technology centers[44]. - The company is committed to independent innovation and has a structured annual R&D project plan to ensure that investments align with market needs and can be timely converted into marketable products[84]. Financial Management - The company has implemented strict quality control measures, ensuring that its elevator products maintain high safety and reliability standards, contributing to its reputation for quality[56]. - The company is actively monitoring and adjusting its procurement strategies to maintain optimal purchasing costs and supplier management[32]. - The company is strategically positioned in the Pearl River Delta, benefiting from high economic development and market demand for elevators, as well as proximity to supply chains[57]. - The company plans to leverage opportunities from the "Belt and Road" initiative to expand into Southeast Asia and South Asia markets[57]. Shareholder and Equity Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company’s total equity at the end of the current period was CNY 1,333,524,366.94, showing a net increase despite the profit distribution[198]. - The company reported a profit distribution of CNY 16,614,830.40 to shareholders, indicating a focus on returning value to investors[193]. - The company’s performance in the first half of 2021 did not meet the performance assessment targets for the restricted stock incentive plan, leading to the cancellation of 2,603,000 shares[146]. Risks and Challenges - The company is facing risks from macroeconomic policies and market competition, particularly due to the impact of real estate regulations on the elevator industry[79][80]. - The company faces risks from fluctuations in raw material prices, which have generally trended upwards, potentially compressing profits due to increased competition and inability to pass costs onto customers[81]. - Foreign exchange risk is significant for the company, as export revenues are primarily settled in foreign currencies like USD and SGD, necessitating adjustments to foreign currency reserves in response to exchange rate fluctuations[83]. Corporate Governance - The company has not engaged in any significant litigation or arbitration matters that would materially impact its operations[119]. - The company has not conducted any major related party transactions during the reporting period[121]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[158].

Financial Performance - Revenue for Q1 2021 reached ¥189,267,974.85, representing a 110.49% increase compared to ¥89,917,558.14 in the same period last year[8] - Net profit attributable to shareholders was -¥6,900,036.59, an improvement of 62.24% from -¥18,273,695.69 year-on-year[8] - Basic earnings per share improved to -¥0.0205, a 62.25% increase from -¥0.0543 in the same period last year[8] - Operating revenue rose by 110.49% to ¥189.27 million, driven by a significant increase in production and sales volume compared to the previous year[17] - Operating costs increased by 108.83% to ¥148.93 million, reflecting the same production and sales volume increase[17] - The net loss for Q1 2021 was CNY 7,111,469.64, an improvement from a net loss of CNY 18,401,114.63 in Q1 2020, showing a reduction of approximately 61%[53] - The total profit (loss) for the current period was -¥2,380,011.24, an improvement from -¥14,367,566.64 in the previous period, indicating a reduction in losses by approximately 83%[55] Cash Flow and Investments - Net cash flow from operating activities improved to -¥19,874,868.34, a 74.35% increase compared to -¥77,486,007.72 in the previous year[8] - Cash inflow from operating activities totaled ¥340,475,493.22, compared to ¥147,327,265.20 in the previous period, showing an increase of about 131%[59] - Investment cash flow net amount decreased by 239.01% to -¥252.05 million due to increased purchases of financial products[18] - The company reported a decrease in sales costs to ¥148,194,612.71 from ¥67,340,962.49, which is a reduction of approximately 120%[55] - The net cash flow from investment activities was -¥252,366,167.44, a decrease compared to ¥181,397,332.65 in the previous period, indicating a significant decline in investment returns[63] - The cash outflow for investment activities totaled ¥476,639,450.59, which is a substantial increase from ¥113,396,831.05 in the previous period, indicating increased investment spending[63] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,840,847,161.70, up 4.67% from ¥1,758,789,779.65 at the end of the previous year[8] - The total current liabilities increased to CNY 700,819,702.12 from CNY 611,447,706.92, marking an increase of approximately 14.6%[45] - The company's inventory rose to CNY 494,882,408.19 from CNY 395,100,841.04, indicating an increase of around 25.3%[43] - The total current assets increased to CNY 1,460,954,414.73 from CNY 1,372,752,131.87, representing a rise of about 6.4%[48] - The total amount of entrusted financial management reached 60.7 billion, with an unexpired balance of 53.1 billion[30] Shareholder Information - The company reported a total of 20,056 common shareholders at the end of the reporting period[12] - The largest shareholder, Dongguan Kuaiyi Equity Investment Co., Ltd., holds 44.60% of shares, amounting to 151,330,520 shares[12] Government Support and Subsidies - The company received government subsidies amounting to ¥568,365.68 during the reporting period[9] Research and Development - Research and development expenses for Q1 2021 were CNY 7,065,933.74, up from CNY 4,934,630.30 in the same period last year, indicating a growth of approximately 43.3%[51] - Research and development expenses increased to ¥7,054,866.24 from ¥4,934,630.30, marking a rise of about 43%[55] Financial Management and Returns - The expected return rate for the bank's guaranteed floating products was 3.60%, with actual returns of 24.16 million[32] - The non-guaranteed floating products from Dongguan Securities had an expected return rate of 4.30%, yielding 34.99 million during the reporting period[32] - The company has successfully recovered all principal amounts from its financial products that have matured[30] - The company continues to engage in high-risk entrusted financial management with significant amounts allocated to non-guaranteed products[30] Compliance and Governance - The company has not disclosed any new strategies in the available content[70][71] - There were no violations regarding external guarantees during the reporting period[36] - The company has not disclosed any new products or technologies in the content[70][71] - The first quarter report has not been audited[71] - The chairman of the company is Luo Aiwen[71] - The earnings conference call took place on April 26, 2021[71] - Future outlook and performance guidance are not detailed in the available information[70][71] - The company did not engage in any research, communication, or interview activities during the reporting period[38]

Financial Performance - The company's operating revenue for 2020 was ¥939,331,820.53, representing a 14.33% increase compared to ¥821,580,989.74 in 2019[16] - The net profit attributable to shareholders for 2020 was ¥31,237,573.57, a significant increase of 51.02% from ¥20,684,329.27 in 2019[16] - The net profit after deducting non-recurring gains and losses reached ¥11,521,691.08, marking a 315.17% increase from ¥2,775,173.45 in 2019[16] - The net cash flow from operating activities surged to ¥100,503,465.83, a remarkable increase of 2,602.55% compared to ¥3,718,835.67 in 2019[16] - Basic earnings per share for 2020 were ¥0.0928, up 52.13% from ¥0.0610 in 2019[16] - Total assets at the end of 2020 amounted to ¥1,758,789,779.65, an 8.15% increase from ¥1,626,307,711.75 at the end of 2019[16] - The net assets attributable to shareholders were ¥1,095,736,422.35 at the end of 2020, a slight increase of 1.54% from ¥1,079,086,822.63 in 2019[16] - The weighted average return on net assets for 2020 was 2.88%, an increase from 1.94% in 2019[16] Market and Business Strategy - The company has not reported any changes in its main business since its listing[15] - The company is focusing on expanding its self-maintenance rate for elevators, which is becoming a significant revenue source due to the increasing number of elevators in operation[32] - The marketing strategy combines direct sales and distribution, creating a nationwide service network to enhance customer reach[31] - The company is actively pursuing market expansion and enhancing its service capabilities through both in-house and authorized third-party installation and maintenance services[33] - China's elevator market continues to grow, with an increase in production and ownership despite a slowdown due to economic adjustments and real estate policies[34] - The company has established subsidiaries and offices in various countries, expanding its international market presence[48] - The company has been recognized as a major supplier for Singapore's HDB projects, enhancing its brand reputation in the region[48] Research and Development - The company invested ¥27,595,593.72 in R&D, which is 2.94% of total operating revenue, and received multiple awards for its technological achievements[75][76] - The company has a strong R&D capability, supported by national high-tech enterprise status and various technology centers[40] - The company is focusing on smart technology and energy-saving innovations, with products achieving high energy efficiency standards and multiple patents in safety and environmental technology[42] - The company has developed several high-speed elevators, including a 10m/s ultra-high-speed elevator, which has received certification and is among the first domestically produced models to be commercially used[41] Financial Management and Investments - The company has committed to invest ¥46,183.70 million in various projects, with a cumulative investment of ¥17,974.37 million by the end of the reporting period[91] - The company plans to use up to ¥350 million of idle raised funds to purchase low-risk, liquid principal-protected financial products, with a term not exceeding one year[95] - The company has not sold any significant assets during the reporting period[98] - The company has not sold any significant equity during the reporting period[99] - The company has no significant guarantees during the reporting period[167] Dividend Policy - The company plans to distribute a cash dividend of ¥0.5 per 10 shares (including tax) to all shareholders[5] - The cash dividend policy stipulates that at least 15% of the distributable profit will be distributed as cash dividends if certain conditions are met, including positive net profit and no major investment plans[113] - The company has a minimum cash dividend proportion of 20% in profit distribution when adopting stock dividends, reflecting its growth stage[115] - The cash dividend distribution for 2019 was 0.45 yuan per 10 shares, amounting to 15,360,624 yuan, which represented 74.26% of the net profit attributable to shareholders[120] Risk Management - The company faces risks from macroeconomic policies affecting the new elevator market, which has seen slowed growth and increased competition[103] - The company is addressing market competition risks by leveraging product cost-effectiveness and expanding its customer base[104] - The company is exposed to raw material price fluctuations, which have been on the rise, potentially compressing profit margins[105] - The company has established a comprehensive quality management system to mitigate risks associated with product quality and compliance with various international standards[107] - The company is implementing measures to manage foreign exchange risks due to its significant export revenue denominated in foreign currencies[108] Compliance and Governance - The company has committed to avoiding related party transactions and ensuring transactions with independent third parties whenever possible[125] - The company has established a commitment to comply with relevant laws and regulations regarding related party transactions[125] - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[133] - The company has maintained a normal performance in fulfilling its commitments as of the reporting date[125] Litigation and Legal Matters - The company initiated a litigation against Datong Zhenghong for unpaid equipment and installation fees totaling RMB 3,324,527.16 (approximately $0.5 million) as of the report date[142] - The total amount involved in the litigation against Datong Zhenghong is RMB 4,094,952.26 (approximately $0.6 million), which includes principal, penalties, and litigation fees[142] - The company has successfully concluded several litigations, with all cases resulting in favorable judgments for the company[142] Shareholder Information - The lock-up period for shares held by major shareholders is 36 months from the IPO date, with a minimum selling price not lower than the IPO price[123] - Major shareholders are allowed to reduce their holdings by no more than 20% of their total shares within two years after the lock-up period[125] - The company will announce any planned share reductions by major shareholders three trading days in advance[125] Stock Repurchase Plan - The company will initiate a stock repurchase plan if the stock price remains below the audited net asset value per share for 20 consecutive trading days within three years of listing[127] - The minimum amount for a single stock repurchase is set at 10 million yuan, and the repurchased shares cannot exceed 2% of the total share capital[127] - The company must announce the stock repurchase decision within 10 trading days after the triggering conditions are met[127] Wealth Management - The total amount of funds raised by Dongguan Rural Commercial Bank for wealth management products reached 10,000 million with an average yield of 4.15%[177] - The expected annualized return on bank wealth management products from self-owned funds was 4.05%[171] - The actual return from broker wealth management products was 118.47 CNY on an investment of 5,000,000 CNY, yielding a return rate of 4.70%[173]

Financial Performance - Operating revenue for the reporting period was ¥222,387,102.14, reflecting a year-on-year increase of 5.05%[8] - Net profit attributable to shareholders was ¥2,897,695.19, a decrease of 60.60% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥793,191.25, down 83.14% year-on-year[8] - Basic earnings per share were ¥0.0086, a decrease of 60.73% year-on-year[8] - Net profit surged by 371.99% to ¥4,290,939.48, driven by increased operating income and a slight rise in gross margin[18] - The company achieved a net profit of 1,636 million during the reporting period, with a profit margin of 3.15%[40] - The company reported a total profit of CNY 3,710,036.93 for Q3 2020, a decrease of 56.4% compared to CNY 8,505,489.64 in the previous year[62] - Net profit for Q3 2020 was CNY 2,833,455.52, a decrease of 62.0% from CNY 7,447,786.59 in Q3 2019[63] Cash Flow - The net cash flow from operating activities was ¥61,775,481.92, a significant increase of 557.32% compared to the same period last year[8] - Operating cash flow net amount improved by 201.41% to ¥29,374,832.55, reflecting a significant reduction in cash outflows from operating activities[18] - The net cash flow from operating activities for the period was CNY 29,374,832.55, compared to a negative cash flow of CNY 28,967,566.56 in the previous period, indicating a significant improvement[73] - The total cash outflow from operating activities was CNY 680,107,083.41, compared to CNY 755,065,488.96 in the previous period, reflecting a reduction of approximately 10%[73] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,666,817,783.98, an increase of 2.49% compared to the end of the previous year[8] - Cash and cash equivalents decreased by 41.89% to ¥183,952,234.72 due to increased expenditures on fixed assets and investments[16] - Total liabilities rose to CNY 597,775,175.22 from CNY 546,447,627.40, with current liabilities increasing from CNY 497,426,788.75 to CNY 547,891,386.93[54] - The company's equity attributable to shareholders decreased to CNY 1,068,478,762.87 from CNY 1,079,086,822.63, reflecting a decline in retained earnings[55] - Current assets decreased to CNY 1,316,483,245.86 from CNY 1,358,747,968.80, primarily due to a reduction in cash and cash equivalents, which fell from CNY 316,556,431.96 to CNY 183,952,234.72[52] Shareholder Information - The company reported a total of 21,768 common shareholders at the end of the reporting period[11] - The largest shareholder, Dongguan Kuaiyi Equity Investment Co., Ltd., held 44.60% of the shares, amounting to 151,330,520 shares[11] - The company did not engage in any repurchase transactions during the reporting period[13] Investments and Financial Management - The company has engaged in high-risk financial management, with a total of RMB 61,200 million in entrusted financial products, of which RMB 49,200 million remains outstanding[36] - The company has a diversified portfolio of financial products, including fixed income and floating rate products, with varying annualized returns ranging from 2.10% to 4.40%[43] - The company has successfully recovered principal and returns from several financial products, with amounts such as 44.93 million and 10.65 million reported for specific products[43] - The company has a strong focus on risk management, ensuring that there are no anticipated impairments for the financial products managed[45] Future Outlook and Strategic Initiatives - The company plans to expand its market presence by launching new financial products in the upcoming quarters[40] - The company has set a future guidance of maintaining a revenue growth rate of at least 5% for the next fiscal year[40] - The company has initiated strategic partnerships to explore potential mergers and acquisitions in the financial sector[40] Research and Development - Research and development expenses for Q3 2020 were CNY 6,933,202.27, slightly up from CNY 6,376,787.88, indicating a focus on innovation despite declining profits[62] - Research and development expenses remained stable at ¥18,054,508.35 compared to ¥18,242,493.58, showing a slight decrease of 1% year-over-year[69]