Financial Performance - The company's operating revenue for 2020 was ¥1,198,144,720.51, representing an increase of 11.55% compared to ¥1,074,105,621.01 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥83,766,433.96, a growth of 28.52% from ¥65,176,790.92 in 2019[6]. - The net cash flow from operating activities surged by 407.02% to ¥117,976,627.08, compared to ¥23,268,634.13 in the previous year[6]. - The basic earnings per share increased by 28.00% to ¥0.640 in 2020, up from ¥0.500 in 2019[6]. - Total assets at the end of 2020 reached ¥1,848,201,253.56, marking a 19.69% increase from ¥1,544,166,289.68 at the end of 2019[6]. - In 2020, the company achieved operating revenue of ¥1,198,144,720.51, representing a year-on-year growth of 11.55%[49]. - The net profit attributable to shareholders increased by 28.52% to ¥83,766,433.96[49]. - Total revenue for 2020 reached ¥1,198,144,720.51, an increase of 11.55% compared to ¥1,074,105,621.01 in 2019[59]. - The revenue from the instrument and meter segment was ¥1,196,482,670.18, accounting for 99.86% of total revenue, with a year-on-year growth of 11.71%[61]. - The smart gas meter revenue decreased by 15.35% to ¥363,716,492.63, while the remote gas meter revenue increased by 26.87% to ¥569,443,262.33[59]. Dividend Distribution - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares to all shareholders, based on a total of 132,449,050 shares[4]. - In 2020, the company distributed cash dividends of 0.50 yuan per share, totaling 6,622,452.50 yuan, which represents 7.91% of the net profit attributable to shareholders[107]. - The cash dividend distribution plan for 2020 is based on a total share capital of 132,449,050 shares, with no stock dividends or capital reserve transfers planned[109]. - The company commits to distributing at least 20% of the annual distributable profits as cash dividends if there are no major investment plans or significant cash expenditures[121]. - The company plans to review its shareholder return plan at least every five years, considering the opinions of shareholders, independent directors, and supervisors[121]. Business Operations - The company operates in the intelligent meter sector, focusing on various types of gas meters, including smart and ultrasonic gas meters[10]. - The company continues to focus on the development of smart metering terminals and gas management systems, leveraging IoT and 5G technologies[26]. - The company has three main product platforms: smart products, metering products, and software products, catering to urban gas operators[26]. - The ultrasonic gas meter, a key product, offers high reliability and precision, addressing the needs of gas operators for accurate measurement[29]. - The "Smart Gas Cloud" platform provides integrated IT solutions for gas companies, enhancing operational efficiency and service quality[30]. - The company has a complete product line in the urban gas industry, including IC card prepaid gas meters and IoT smart gas meters, positioning it as a leading supplier in the market[35]. Research and Development - The company is actively involved in the development of new technologies and products in the intelligent metering field[10]. - The company holds 233 intellectual property rights, including 14 invention patents and 77 utility model patents, reflecting its strong focus on technological innovation[38]. - The company plans to continue increasing its R&D investment and product innovation to meet market demands and enhance its competitive edge[37]. - Research and development expenses rose by 4.84% to ¥51,266,524.19, primarily due to increased investment in R&D materials and employee salaries[69]. - The company’s R&D investment amounted to ¥51,266,524.19, an increase of 4.84% compared to the previous year[72]. Market Expansion - The company aims to become a leading supplier in the gas measurement management and energy management sectors, focusing on high-value and high-performance products[90]. - The company plans to strengthen its domestic gas meter market presence and aims to lead in the scale of domestic gas meters[91]. - The company intends to expand into international markets, enhancing its competitiveness globally[90]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[119]. - A strategic acquisition of a local competitor is expected to enhance the company's product offerings and increase market penetration, with an estimated cost of 300 million RMB[120]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting head[3]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[4]. - The company has a commitment to transparency, with its annual report available on the designated website for public access[15]. - The company has a dedicated team for investor relations, ensuring effective communication with stakeholders[14]. - The company has established a commitment to maintain transparency in share reduction announcements, including the quantity and execution period[112]. Shareholder Structure - The company has a significant number of shareholders holding more than 5% of shares, indicating a concentrated ownership structure[187]. - The largest shareholder, Huang Wenqian, holds 21.74% of the shares, totaling 28,790,650 shares, with a decrease of 1,299,950 shares during the reporting period[188]. - The company reported a total of 10 major shareholders, with the top 10 unrestricted shareholders holding a total of 54,000,000 shares[189]. - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[189]. Compliance and Risk Management - The company acknowledges the cyclical risks in the smart gas meter industry due to macroeconomic trends and infrastructure development, and will adjust strategies accordingly[97]. - The company faces increasing competition in the smart gas meter market, which may pressure profit margins, and will adopt a differentiated strategy to capture new demand[99]. - The company emphasizes the importance of product quality, having obtained explosion-proof certifications for its smart gas meters, and will enhance quality control measures[100]. - The company is experiencing rising operational costs due to the ongoing COVID-19 pandemic, but remains confident in long-term growth through innovation[101]. Social Responsibility - The company actively engages in social responsibility initiatives, focusing on environmental protection and sustainable development[166]. - The company has implemented an ISO14001 environmental management system to enhance its environmental protection efforts[166]. - The company does not belong to the list of key pollutant discharge units as per environmental protection regulations[169].

浙江威星智能仪表股份有限公司 2020 年第三季度报告全文 浙江威星智能仪表股份有限公司 2020 年第三季度报告 2020-077 2020 年 10 月 1 浙江威星智能仪表股份有限公司 2020 年第三季度报告全文 第一节 重要提示 浙江威星智能仪表股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,854,878,139.56 | | 1,544,166,289.68 | 20.12% | | 归属于上市公司股东的净资产 | 739,297,332.59 | | 681,869,232.59 | 8.42% | | （元） | | | | | | | 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） | 350,523,515.22 | 26.12% ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥571.12 million, representing a 5.87% increase compared to ¥539.47 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was approximately ¥39.46 million, a 3.11% increase from ¥38.27 million in the previous year[19]. - Basic earnings per share for the reporting period were ¥0.3014, up 4.29% from ¥0.2890 in the same period last year[19]. - The company reported a decrease of 0.17% in net profit after deducting non-recurring gains and losses, totaling approximately ¥37.86 million compared to ¥37.92 million in the previous year[19]. - The weighted average return on equity decreased to 5.34%, down from 6.13% in the previous year, indicating a decline of 0.79%[19]. - The company reported a total revenue of 26,927 million CNY for the first half of 2020, representing a 37.74% increase compared to the previous period[99]. - The net profit for the first half of 2020 was CNY 52,398,683.31, compared to CNY 50,512,310.52 in the same period of 2019, representing an increase of 3.7%[154]. - The total comprehensive income for the first half of 2020 was CNY 24,012,360.38, down from CNY 24,871,906.24 in the first half of 2019[159]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, with a net outflow of approximately ¥49.98 million, compared to a net outflow of ¥94.02 million in the same period last year, marking a 46.84% improvement[19]. - The net cash flow from financing activities surged by 1,976.95% to ¥27,812,788.34, primarily due to an increase in bank loans[56]. - The cash inflow from investment activities was CNY 340,004,535.49, significantly higher than CNY 151,540,456.07 in the first half of 2019[163]. - The company raised 140,075,600.00 CNY through borrowings, enhancing its liquidity position[166]. - The cash flow from operating activities showed a positive trend, indicating potential for future operational improvements[166]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥1.73 billion, an increase of 12.33% from ¥1.54 billion at the end of the previous year[19]. - The total liabilities rose to CNY 950,443,179.41 from CNY 808,222,501.86, indicating an increase of around 17.5%[146]. - The company's equity attributable to shareholders increased to CNY 717,034,410.39 from CNY 681,869,232.59, reflecting a growth of about 5.1%[147]. - The company's accounts receivable increased significantly to CNY 870,610,398.12 from CNY 606,102,407.88, marking an increase of approximately 43.5%[144]. Research and Development - Research and development expenses rose by 13.57% to ¥23,129,621.85, attributed to increased investment in R&D materials[56]. - The company has developed three major product platforms: smart products, metering products, and software products, catering to urban gas operators[27]. - The company has filed for 22 utility model patents and 24 software copyrights during the reporting period, reflecting its commitment to innovation[52]. Market and Competition - Sales revenue from remote gas meters (mainly IoT smart gas meters) grew by 16.89% year-on-year, accounting for 44.15% of total revenue[51]. - Increased competition in the smart gas meter market is anticipated, with the company planning to adopt differentiated strategies to enhance market share and customer satisfaction[83]. - The company aims to expand its market presence in the intelligent gas meter sector[181]. Corporate Governance and Compliance - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[72][73]. - The half-year financial report has not been audited[91]. - There were no major litigation or arbitration matters during the reporting period[94]. - The company did not experience any penalties or rectification situations during the reporting period[95]. Shareholder Information - The total number of shares before the change was 132,515,050, with no change in total shares after the adjustment[122]. - The company has implemented a share repurchase program, although specific details on the progress were not disclosed[121]. - The total number of ordinary shareholders at the end of the reporting period was 11,402[127]. - The company did not experience any changes in its controlling shareholder during the reporting period[129]. Future Outlook - The company maintains a positive outlook for long-term growth, focusing on innovation to enhance product competitiveness and create new revenue streams[85]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[171]. - The overall financial health of the company remains stable, with a focus on improving operational efficiency and profitability in the next half of the year[171].

Financial Performance - The company's operating revenue for 2019 was CNY 1,074,105,621.01, representing a 36.21% increase compared to CNY 788,547,409.92 in 2018[14] - The net profit attributable to shareholders for 2019 was CNY 65,176,790.92, a 3.41% increase from CNY 63,025,109.32 in 2018[14] - The net profit after deducting non-recurring gains and losses was CNY 60,291,253.29, up 3.73% from CNY 58,125,004.43 in the previous year[14] - The basic earnings per share for 2019 was CNY 0.50, an increase of 4.17% from CNY 0.48 in 2018[14] - The total assets at the end of 2019 were CNY 1,544,166,289.68, reflecting a 21.37% increase from CNY 1,272,241,247.07 at the end of 2018[14] - The net cash flow from operating activities decreased by 31.48% to CNY 23,268,634.13 from CNY 33,960,924.99 in 2018[14] - The weighted average return on equity for 2019 was 10.19%, down from 10.94% in 2018[14] - The net assets attributable to shareholders increased by 12.71% to ¥681,869,232.59 from ¥604,955,486.84[15] Revenue Breakdown - The total operating revenue for the year was ¥1,074,105,621.01, with quarterly revenues of ¥243,011,345.28, ¥296,459,361.07, ¥277,928,329.27, and ¥256,706,585.39 respectively[19] - The net profit attributable to shareholders for the year was ¥65,176,791.92, with quarterly profits of ¥13,950,806.59, ¥24,314,865.38, ¥16,974,811.57, and ¥9,936,307.38[19] - The company reported a net cash flow from operating activities of ¥22,268,234.13 for the year, with a significant positive cash flow of ¥178,393,148.18 in Q4[19] Product Development and Innovation - The company has developed three major product platforms: smart product platform, metering product platform, and software product platform, focusing on smart gas metering solutions[24] - The company is leveraging new technologies such as IoT and 5G to enhance its product offerings and improve operational efficiency for gas operators[24] - The company is committed to continuous innovation in technology and product development, enhancing its competitive edge in the gas industry[24] - The company is focused on technological innovation, particularly in the development and promotion of NB-IoT smart gas meters[48] - The company launched the V-Shield information security solution and completed the planning and design of the first phase of the security chip, laying the groundwork for future promotions[49] Market Presence and Partnerships - The company has established a strong market presence, providing solutions to major gas groups like Honghua Gas and China Gas, covering hundreds of urban gas operators[31] - The company has established strong partnerships with major gas groups, enhancing its brand recognition and market presence[38] - The company continues to enhance its sales and service network, leading to stable order growth and revenue increase[48] Financial Management and Investments - The company has a mortgage contract with Hangzhou Bank with a maximum principal of CNY 9.8 million, with a loan balance of CNY 35,794,082.80 as of December 31, 2019[81] - The company has utilized a total of RMB 15,972.87 million in raised funds, with RMB 4,118.81 million used in 2019 alone[89] - The total investment amount for the reporting period was CNY 75,914,490.36, representing a year-on-year increase of 52.13%[81] - The company reported an investment income of CNY 1,747,556.01, contributing 1.48% to the total profit[77] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders[4] - The total distributable profit for 2019 was 233,080,182.23 RMB, with the cash dividend accounting for 100% of the profit distribution[133] - The company has maintained a consistent cash dividend policy over the past three years, with varying amounts based on net profit[131] - The company commits to distributing at least 20% of the annual distributable profits as cash dividends if there are no major investment plans or significant cash expenditures[143] Compliance and Governance - The company has maintained a good integrity status with no significant legal disputes or penalties during the reporting period[161][160] - The company emphasizes the protection of shareholder rights and compliance with relevant laws and regulations[189] - The company will publicly disclose any failure to fulfill commitments and apologize to shareholders and the public if it causes losses in securities trading[145] Environmental and Social Responsibility - The company is committed to environmental protection and has passed the ISO14001 environmental management system certification[193] - The company actively participates in social responsibility initiatives and community welfare activities[194] - The company maintains a focus on employee rights and welfare, providing various training and benefits[191]

浙江威星智能仪表股份有限公司 2020 年第一季度报告全文 浙江威星智能仪表股份有限公司 2020 年第一季度报告 2020-028 2020 年 04 月 1 浙江威星智能仪表股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄文谦、主管会计工作负责人黄华兵及会计机构负责人(会计主 管人员)陈智园声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江威星智能仪表股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 256,530,151.29 | 243,011,345.28 | 5.56% | | 归属于上市公司股东的净利润（元） | 14,734, ...

Financial Performance - Operating revenue for the reporting period reached CNY 277,928,329.27, a year-on-year increase of 39.13%[7] - Net profit attributable to shareholders increased by 9.93% to CNY 16,974,811.57 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 6.14% to CNY 13,719,408.51[7] - Basic earnings per share rose by 7.91% to CNY 0.1282[7] - Total operating revenue for the year-to-date period reached ¥817,399,035.62, up from ¥575,304,804.95 in the same period last year[45] - Net profit for the period was ¥74,380,889.59 for the year-to-date period, up from ¥57,252,801.11 in the same period last year[47] - Basic earnings per share for the year-to-date period were ¥0.4172, compared to ¥0.3702 in the previous year[48] - Net profit for Q3 2019 was ¥8,733,820.42, compared to ¥8,511,444.53 in the previous year, reflecting a year-over-year increase[44] Assets and Liabilities - Total assets increased by 14.89% to CNY 1,461,641,615.18 compared to the end of the previous year[7] - The company's current assets totaled CNY 1,245,245,926.72, up from CNY 1,095,037,034.42, indicating an increase of about 13.73% year-over-year[29] - The total liabilities increased to CNY 753,247,205.75 from CNY 639,863,384.78, which is an increase of about 17.67%[31] - The company's equity attributable to shareholders reached CNY 661,831,627.93, up from CNY 604,955,486.84, representing a growth of approximately 9.39%[32] - Total assets increased to ¥1,291,025,450.82, up from ¥1,132,987,795.61 year-on-year, reflecting a growth of 13.9%[37] - Total liabilities rose to ¥665,263,398.65, compared to ¥542,467,127.65 in the previous year, marking a 22.6% increase[36] Cash Flow - The net cash flow from operating activities was negative at CNY -60,436,612.85, a decline of 26.36%[7] - Cash flow from operating activities showed a net outflow of ¥154,460,943.39, worsening from a net outflow of ¥125,472,746.08 in the previous period[56] - Cash flow from investing activities resulted in a net outflow of ¥112,669,587.31, compared to a net outflow of ¥30,088,914.85 in the previous period[56] - Cash flow from financing activities generated a net inflow of ¥43,776,533.17, an increase from ¥28,905,858.53 in the prior period[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,805[11] - The largest shareholder, Huang Wenqian, holds 22.73% of the shares, amounting to 30,090,600 shares[11] Operational Efficiency - The company's gross profit margin was impacted by a 43.31% rise in operating costs, totaling ¥568,084,443.60, in line with revenue growth[16] - The company reported a significant increase in prepayments, which surged by 279.95% to ¥6,374,285.64, indicating higher upfront payments to suppliers[15] - The company reported a decrease in prepayments to CNY 6,374,285.64 from CNY 1,677,658.97, indicating a significant increase in operational efficiency[29] Research and Development - Research and development expenses for the quarter were ¥12,182,859.30, up from ¥10,731,176.49, indicating a focus on innovation[39] - R&D expenses increased to ¥29,861,163.68 from ¥25,793,180.78, reflecting a growth of approximately 8% year-over-year[51]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 539,470,706.35, representing a 43.65% increase compared to CNY 375,541,388.61 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 38,265,671.97, up 17.10% from CNY 32,678,776.93 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 37,920,642.57, reflecting a 21.89% increase from CNY 31,110,111.14 in the same period last year[18]. - The basic earnings per share increased to CNY 0.2890, a rise of 14.96% from CNY 0.2514[18]. - The total profit for the first half of 2019 was CNY 61,268,765.35, compared to CNY 42,851,833.75 in the same period of 2018, reflecting a growth of 43.0%[144]. - The company's total comprehensive income for the first half of 2019 was CNY 50,512,310.52, compared to CNY 36,119,661.26 in the same period of 2018, marking a growth of 39.9%[145]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,288,791,679.87, a 1.30% increase from CNY 1,272,241,247.07 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were CNY 642,104,813.01, up 6.14% from CNY 604,955,486.84 at the end of the previous year[18]. - The company's total liabilities decreased to CNY 607,017,852.86 from CNY 639,863,384.78 at the end of 2018, indicating a reduction of approximately 5.1%[136]. - The company's total liabilities at the end of the reporting period were CNY 246,520,000, up from CNY 241,010,000 at the beginning[161]. Cash Flow - The net cash flow from operating activities was negative at CNY -94,687,901.20, a decline of 22.31% compared to CNY -76,874,981.47 in the same period last year[18]. - The company's operating cash flow for the first half of 2019 was negative at -94,024,330.54 CNY, compared to -76,874,981.47 CNY in the same period of 2018, indicating a decline in cash generation from operations[153]. - Total cash inflow from operating activities was 519,261,659.33 CNY, while cash outflow was 613,285,989.87 CNY, resulting in a net cash flow from operating activities of -94,024,330.54 CNY[153]. - The company's cash and cash equivalents decreased by 38.84% compared to the beginning of the period, primarily due to rapid business growth leading to an increase in accounts receivable exceeding the growth in accounts payable[32]. Research and Development - The company's R&D investment increased by 24.25% to RMB 20,365,103.97, driven by rising employee compensation and share-based payment expenses[52]. - The company’s ongoing R&D efforts focus on core technologies, with significant advancements in LoRa and NB-IoT applications, leading to new product trials and sales[34]. - The company aims to enhance its research and development capabilities to innovate and improve product offerings in the upcoming quarters[166]. Market and Product Development - The company has developed three major product platforms: smart product platform, metering product platform, and software product platform, providing comprehensive solutions for urban gas operators[26]. - The company’s ultrasonic gas meter, a new type of gas meter, offers high reliability and precision, addressing the needs of various gas users, particularly in northern regions[28]. - The company’s smart gas cloud system has been successfully launched in hundreds of gas companies, supporting refined management and value-added services[28]. - The company has launched an integrated IT solution for small and medium-sized gas companies, leveraging cloud technology and big data[35]. - The company developed over 160 new customers during the reporting period, with sales of over 2 million meters, further increasing market coverage and penetration[46]. Risk Management - The company has reported potential risks and countermeasures in the section discussing operational conditions and analysis[4]. - The smart gas meter industry is closely linked to the overall economic development and infrastructure construction, with potential demand fluctuations due to macroeconomic trends[83]. - The company will actively adapt its business strategies in response to industry cyclical risks and changes in national laws and regulations[84]. Corporate Governance - The financial statements were approved by the board on August 23, 2019, ensuring compliance with corporate governance standards[172]. - The company adheres to the enterprise accounting standards, ensuring the accuracy and completeness of financial reporting[176]. - The half-year financial report has not been audited[91]. Shareholder Information - The total share count was 132,407,050, with 75,736,937 shares (57.20%) being restricted shares before the change, which decreased to 66,961,887 shares (50.57%) after a reduction of 8,775,050 shares[112]. - The total number of ordinary shareholders at the end of the reporting period was 10,650, with significant shareholders including Huang Wenqian holding 22.73% (30,090,600 shares) and Shenzhen Zhongran Technology Co., Ltd. holding 12.23% (16,200,000 shares)[117]. Investment and Capital Allocation - The company has committed a total investment of CNY 22,705.32 million, with a cumulative investment of CNY 14,805.65 million, achieving 65.2% of the planned investment[74]. - The smart gas meter construction project has reached a completion rate of 59.05%, with an investment of CNY 10,328.27 million, and the project is expected to be operational by December 31, 2019[74]. - The company utilized CNY 170 million of idle raised funds for low-risk financial products, generating a return of CNY 1,203,329.20 during the first half of 2019[75].

浙江威星智能仪表股份有限公司 2019 年第一季度报告全文 浙江威星智能仪表股份有限公司 2019 年第一季度报告 2019-028 2019 年 04 月 1 浙江威星智能仪表股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄文谦、主管会计工作负责人黄华兵及会计机构负责人(会计主 管人员)陈智园声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江威星智能仪表股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 243,011,345.28 | 155,010,507.10 | 56.77% | | 归属于上市公司股东的净利润（元） | 13,950 ...

Financial Performance - The company's operating revenue for 2018 was CNY 788,547,409.92, representing a 57.24% increase compared to CNY 501,500,787.20 in 2017[15] - The net profit attributable to shareholders for 2018 was CNY 63,025,109.32, an increase of 18.46% from CNY 53,204,476.10 in 2017[15] - The net profit after deducting non-recurring gains and losses was CNY 58,125,004.43, up 21.31% from CNY 47,912,499.70 in the previous year[15] - The net cash flow from operating activities increased by 61.17% to CNY 33,960,924.99 from CNY 21,071,140.05 in 2017[15] - Basic earnings per share for 2018 were CNY 0.480, a 14.29% increase from CNY 0.420 in 2017[15] - Total assets at the end of 2018 reached CNY 1,272,241,247.07, a 43.34% increase from CNY 887,597,372.01 at the end of 2017[15] - The weighted average return on net assets for 2018 was 10.94%, slightly up from 10.85% in 2017[15] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders[4] - In 2018, the company distributed cash dividends of RMB 6,620,352.50, which accounted for 10.50% of the net profit attributable to ordinary shareholders[143] - The cash dividend per 10 shares for 2018 was set at RMB 0.50, with no bonus shares or capital reserve conversion planned[144] - In 2017, the total cash dividend distributed was RMB 10,400,004.00, representing 19.55% of the net profit attributable to ordinary shareholders[143] - The cash dividend distribution plan for 2018 is subject to approval at the annual shareholders' meeting[144] - The company has committed to maintaining a minimum cash dividend ratio of 20% during significant capital expenditure periods[144] Business Operations and Strategy - The company has not changed its main business since its listing[14] - There were no changes in the controlling shareholder during the reporting period[14] - The company has established itself as a leading supplier in the urban gas industry, focusing on smart metering terminals and gas management systems[25] - The company has three major product platforms: smart product platform, metering product platform, and software product platform, enhancing its service offerings to urban gas operators[25] - The company emphasizes a direct sales model complemented by distribution, targeting both domestic and international markets to expand its reach[30] - The company aims to enhance its manufacturing capabilities through the establishment of smart factories and the adoption of lean manufacturing principles[33] Research and Development - The company has over 140 intellectual property projects, including 1 invention patent, 9 utility model patents, and 4 software copyrights obtained in 2018[38] - The company's R&D investment reached ¥41,092,868.88, a 31.18% increase compared to the previous year[86] - The number of R&D personnel increased by 6.92% to 170, representing 25.95% of the total workforce[86] - The focus on R&D will prioritize IoT products, particularly NB-IoT, to improve product stability and reliability, while continuously upgrading the smart gas cloud system[128] Market Position and Growth - The company sold over 3.2 million residential smart gas meters, ranking among the industry leaders[50] - The company developed over 100 new clients during the year, with significant sales growth in key regions such as Shanxi, Hebei, and Henan[50] - The company plans to continue expanding its market share by targeting new customers and markets, particularly in the "coal-to-gas" sector, and enhancing its overseas brand image[127] - The company is one of the leading smart gas solution providers in China, with a complete product line including IC card prepaid gas meters and IoT smart gas meters, maintaining a strong market position in terms of revenue and terminal layout[123][126] Financial Management - The total investment during the reporting period was ¥49,901,617.33, a decrease of 42.27% compared to the previous year[94] - The financial expenses decreased by 77.41% to -¥1,299,388.75, primarily due to reduced fixed-income investment products[85] - The company has not engaged in share repurchase as part of its cash dividend strategy[143] - The company has established a five-year shareholder return plan, ensuring that cash dividends distributed each year will not be less than 20% of the distributable profits achieved in that year[154] Corporate Governance and Compliance - The company has established a robust governance structure to protect the rights of creditors and ensure compliance with contractual obligations[190] - The company is committed to ensuring that its initial public offering prospectus does not contain false records or misleading statements[152] - The company will compensate investors for losses incurred due to any false records or misleading statements in the IPO prospectus[152] - The company has not faced any major litigation or arbitration matters during the reporting period[164] Environmental and Social Responsibility - Environmental protection is integrated into daily operations, with adherence to national standards and ISO14001 certification for environmental management[193] - The company actively participates in social welfare initiatives, contributing to local economic development and job creation[194] - No significant environmental violations reported, as the company and its subsidiaries are not classified as key polluters[197] Shareholder Rights and Communication - The company emphasizes the protection of shareholder rights, ensuring fair treatment and transparent communication with all investors[190] - The board of directors will propose profit distribution plans and submit them for shareholder meeting approval[154] - The company will provide a network voting platform for shareholders during the approval of dividend distribution plans[154]

Financial Performance - Operating revenue for the reporting period reached CNY 199,763,416.34, a 62.36% increase year-on-year[6] - Net profit attributable to shareholders increased by 5.25% to CNY 15,441,299.20 for the reporting period[6] - The net profit after deducting non-recurring gains and losses rose by 23.68% to CNY 14,617,380.96[6] - The company's operating revenue reached ¥575,304,804.95, an increase of 80.42% compared to the same period last year[16] - The estimated net profit attributable to shareholders for 2018 is projected to be between 55 million and 65 million RMB, representing a year-on-year increase of 3.37% to 22.17%[22] - The net profit for 2017 was 53.2045 million RMB, indicating a positive growth trend for the current year[22] Assets and Liabilities - Total assets increased by 29.24% to CNY 1,147,112,484.00 compared to the end of the previous year[6] - Accounts receivable increased by 109.30% to ¥489,601,261.29, primarily due to increased sales not yet settled[14] - Inventory rose by 64.03% to ¥292,719,986.71, driven by a rapid increase in sales orders[14] - The company's total assets increased significantly, with fixed assets rising by 299.07% to ¥100,619,011.22 due to the transfer of construction projects[14] - Short-term borrowings increased to ¥39,500,000.00, attributed to new bank loans[14] Cash Flow - The net cash flow from operating activities was negative at CNY -48,597,764.61, a decrease of 471.66%[6] - The company reported a net cash outflow from operating activities of ¥-125,472,746.08, a decrease of 141.32% year-on-year[18] - The company’s cash and cash equivalents decreased by 401.24% to ¥-126,655,802.40, primarily due to the absence of previous fundraising[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,425[10] - The largest shareholder, Huang Wenqian, holds 23.15% of the shares, with 30,090,600 shares pledged[10] - Basic earnings per share decreased by 29.83% to CNY 0.1188[6] - The weighted average return on equity was 2.77%, a slight decrease of 0.03%[6] Expenses and Investments - Research and development expenses increased by 30.00% to ¥27,121,450.41, reflecting higher investment in R&D[16] - The company's management expenses surged by 109.23% to ¥24,361,962.38, mainly due to increased personnel costs[16] - The total amount of entrusted financial management reached 42 million RMB, with 10 million RMB remaining unexpired[26] - The company has invested 24 million RMB in broker financial products and 10 million RMB in bank financial products from idle raised funds[26] Corporate Governance and Compliance - The company has not encountered any non-compliance issues regarding external guarantees during the reporting period[23] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[24] - The company conducted an on-site investor survey on September 14, 2018, to enhance communication with stakeholders[26] Strategic Initiatives - The company has successfully expanded its market presence, particularly in the sales of smart gas meters, contributing positively to revenue and net profit[22] - The company has initiated a restricted stock incentive plan, which was approved by the shareholders on September 18, 2018, to enhance employee motivation and retention[20] - Government subsidies recognized in the current period amounted to CNY 3,122,695.13[7] - The company established a new subsidiary, Hangzhou Xingda Energy Equipment Co., Ltd., with a registered capital of ¥10 million, holding a 60% stake[19]