Group 1: Company Overview and Market Context - The company, Zhejiang Weixing Intelligent Instrument Co., Ltd., is involved in the smart gas meter industry, which is expected to grow due to the implementation of the tiered gas pricing policy initiated by the National Development and Reform Commission in 2014 [2]. - The tiered pricing system is mandated to be established in all gas cities by the end of 2015, promoting the adoption of smart gas meters as a trend in the industry [2]. Group 2: Sales and Procurement Model - The company's domestic sales primarily utilize a direct sales model, supplemented by distribution [2]. - Gas companies typically procure gas meters through a bidding process, which includes both framework and individual tenders [2]. Group 3: Competitors and R&D Structure - Notable international gas meter brands include Elster, ITRON, and Landis Gyr [3]. - The R&D team requires diverse technical expertise, including system architects, communication network developers, electronic device developers, and structural designers for terminal meters [3]. Group 4: Sales Team and Business Planning - The sales team is structured to include a strategic customer development department, regional sales departments, and an international business department focused on overseas expansion [3]. - The company organizes annual business planning sessions to set development goals, market strategies, and product development paths, ensuring resource allocation to enhance competitiveness [4].

证券代码：002849 证券简称：威星智能 浙江威星智能仪表股份有限公司 投资者关系活动记录表 （2017-09-21） 编号：2017-004 | --- | --- | --- | |--------------|-------------------------|----------------------------------| | | | | | 投资者关系活 | √ | 特定对象调研 □分析师会议 | | 动类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称 | 1 ．中信证券 郑泽科 | | | 及人员姓名 | 2 ．财通证券 沈超 | | | | 3 ．财通证券 岑奕雯 | | | | 4 ．财通证券 王冰 | | | | 5．东北证券 解文杰 | | | | 6．东北证券 唐莹 | | | 时间 | 2017 年 9 月 21 | 日 | | 地点 | 公司会议室 | | | 上市公司接待 | 董事会秘书 张妍 | | | --- | --- | --- ...

证券代码：002849 证券简称：威星智能 浙江威星智能仪表股份有限公司 投资者关系活动记录表 （2018-09-14） 编号：2018-001 | --- | --- | --- | |--------------|-------------------------------|------------------------------------------------------------| | | | | | 投资者关系活 | □ | 特定对象调研 □分析师会议 | | 动类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | √其他 （深交所在公司举办"践行中国梦·走进上市公司"）投资 | | | 者开放日活动） | | | 参与单位名称 | 1 | ．通过财通证券、国信证券、东吴证券报名的 30 余名投资者 | | 及人员姓名 | 2．全景财经记者 | 4 人 | | | 3 ．证券时报记者 | 2 人 | | | | 4．深交所投教中心 李明华、王腾 | | | 5 ．浙江证监局 许文华、徐志娜 | | | | 6 ...

证券代码：002849 证券简称：威星智能 浙江威星智能仪表股份有限公司 投资者关系活动记录表 （2018-10-25） 编号：2018-002 | --- | --- | --- | --- | |--------------|--------------------------|----------------------------------------------------------|-------| | | | | | | 投资者关系活 | √ | 特定对象调研 □分析师会议 | | | 动类别 | □ | 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | | □ 现场参观 | | | | | | □其他 （请文字说明其他活动内容） | | | 参与单位名称 | 1 | ．光大证券资产管理有限公司 罗阳 | | | 及人员姓名 | 2 | ．建信养老金管理公司 章小韩 | | | | 3 | ．招商证券股份有限公司 吴丹 | | | 时间 | 2018 年 10 月 25 | 日 | | | 地点 | 公司会议室 | | | | 上市公司接待 | 董事会秘书 ...

浙江威星智能仪表股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 证券代码：002849 证券简称：威星智能 公告编号：2022-069 浙江威星智能仪表股份有限公司 2022 年第三季度报告 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 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） | 292,232,177.07 | 3.23% | 707,199,116.57 | -22.10% ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥414,966,939.50, a decrease of 33.58% compared to ¥624,732,211.87 in the same period last year[23]. - The net profit attributable to shareholders was ¥28,787,121.89, down 22.17% from ¥36,986,579.06 in the previous year[23]. - The net profit after deducting non-recurring gains and losses dropped by 92.01%, from ¥35,626,268.16 to ¥2,845,790.74[23]. - The net cash flow from operating activities was negative at -¥143,083,870.89, worsening by 143.07% compared to -¥58,865,482.97 in the previous year[23]. - Basic and diluted earnings per share decreased by 22.32%, from ¥0.28 to ¥0.2175[23]. - The weighted average return on equity fell to 3.45%, down from 4.69% in the previous year[23]. - Total assets at the end of the reporting period were ¥1,640,066,668.67, a decrease of 6.14% from ¥1,747,264,924.55 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 2.70%, from ¥819,625,463.33 to ¥841,794,782.72[23]. - The company's revenue for the reporting period was ¥414,966,939.50, a decrease of 33.58% compared to ¥624,732,211.87 in the same period last year, primarily due to project delays and disrupted sales channels caused by the pandemic[47]. - Operating costs decreased by 37.96% to ¥287,375,380.19 from ¥463,224,058.19, reflecting the reduction in sales revenue[47]. - The net profit attributable to shareholders was ¥28.78 million, a decline of 22.17%, with 75.93% of this profit coming from equity transfer gains[47]. - Research and development investment increased by 10.62% to ¥28,169,684.47 from ¥25,464,437.50, indicating a commitment to innovation despite revenue challenges[47]. - The company reported a significant increase in cash flow from investment activities, reaching ¥21,387,836.42, compared to a negative cash flow of ¥19,564,644.73 in the previous year, mainly due to the transfer of subsidiary equity[47]. Operational Strategy - The company plans not to distribute cash dividends or issue bonus shares[4]. - The management discussed potential risks and countermeasures in the future operations of the company[3]. - The company is actively engaged in the development of smart gas and water management solutions, leveraging IoT and 5G technologies[31]. - The company aims to expand its market presence both domestically and internationally through a direct sales model complemented by distribution channels[39]. - The company is focused on enhancing its manufacturing capabilities through advanced automation and lean production techniques[38]. - The company has established good business relationships with major gas groups, including Honghua Gas and China Gas, with over 20 million terminal users[41]. - The company has been recognized as a "Little Giant" enterprise in 2020, highlighting its specialized and innovative capabilities in the industry[42]. - The company is actively building smart factories and enhancing its manufacturing capabilities through modern technologies, aiming for a fully integrated product lifecycle management[42]. Market and Product Development - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market presence[173]. - A new product line is expected to launch in Q3 2022, projected to contribute an additional 50 million yuan in revenue[173]. - The company plans to invest 100 million yuan in research and development for new technologies in the upcoming year[173]. - Future outlook indicates a targeted revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[173]. - Market expansion efforts include entering two new international markets, aiming for a 10% increase in overseas sales[173]. Risk Management - The company faces risks from the cyclical nature of the smart gas meter industry, which is closely tied to the overall economic development and infrastructure construction in the urban gas sector[65]. - The company is responding to market competition risks by actively exploring new market demands and providing integrated smart gas metering solutions[66]. - The company anticipates that the rising international natural gas prices may impact domestic consumption demand, affecting the market for smart gas meters[65]. - The ongoing COVID-19 pandemic poses risks to the company's operations, potentially affecting raw material procurement, production, and sales activities[69]. - The company will closely monitor pandemic developments and industry trends to strengthen its R&D capabilities and operational flexibility[69]. Shareholder and Governance - The company emphasizes the protection of shareholder rights and adheres to legal regulations for shareholder meetings[90]. - The company implements employee rights protection measures, including social insurance and various employee welfare programs[91]. - The company actively builds strategic partnerships with suppliers and customers, ensuring fair treatment and quality management[93]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[56]. - The company has not reported any major related party transactions during the reporting period[105]. - The company has maintained a commitment to legal operations and tax compliance, contributing to local economic development[95]. Financial Position - The company's cash and cash equivalents decreased by 31.45% to -¥85,267,461.33, primarily due to reduced cash flow from operating activities[47]. - The company's total liabilities decreased to CNY 723,342,133.65 from CNY 854,242,569.19, reflecting a reduction of approximately 15.32%[152]. - The company's cash and cash equivalents were CNY 249,776,739.47 as of June 30, 2022, down from CNY 335,044,200.80, a decline of about 25.43%[150]. - The total owner's equity increased to CNY 916,724,535.02 from CNY 893,022,355.36, reflecting a growth of about 2.00%[152]. - The company reported a significant increase in investment income, which rose to CNY 29,969,147.17 from CNY 6,190,862.90, marking an increase of 384%[158]. Compliance and Audit - The semi-annual financial report has not been audited[101]. - The company has not undergone any bankruptcy reorganization during the reporting period[102]. - There were no significant litigation or arbitration matters during the reporting period[103]. - The company has not engaged in any non-compliant external guarantees during the reporting period[100]. - There were no overdue commitments by the actual controller, shareholders, or related parties as of the end of the reporting period[98].

浙江威星智能仪表股份有限公司 2022 年第一季度报告全文 证券代码：002849 证券简称：威星智能 公告编号：2022-037 浙江威星智能仪表股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 170,869,504.10 | 313,201,295.48 | -45.44% | | 归属于上市公司股东的净利润（元） | 10,875,284.40 | 11 ...

Financial Performance - The company's revenue for Q1 2022 was ¥170,869,504.10, a decrease of 45.44% compared to ¥313,201,295.48 in the same period last year[4] - Net profit attributable to shareholders was ¥10,875,284.40, down 1.83% from ¥11,078,066.32 year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥10,510,020.60, a significant decline of 198.23% compared to ¥10,699,851.84 in the previous year[4] - Total operating revenue for Q1 2022 was ¥170,869,504.10, a decrease of 45.3% compared to ¥313,201,295.48 in the same period last year[21] - Net profit for Q1 2022 was ¥11,473,933.13, a decline of 15.5% from ¥13,575,224.63 in Q1 2021[23] - The company’s basic earnings per share decreased by 2.84% to ¥0.0822 from ¥0.0846 in the same period last year[4] - Earnings per share for Q1 2022 were ¥0.0822, compared to ¥0.0846 in the previous year, reflecting a decrease of 2.8%[24] Assets and Liabilities - The company's total assets decreased by 8.12% to ¥1,607,567,995.22 from ¥1,749,587,623.83 at the end of the previous year[4] - Total liabilities as of Q1 2022 amounted to ¥703,071,706.73, a decrease of 17.6% from ¥854,242,569.19[20] - Total current assets decreased to ¥1,186,192,841.18 from ¥1,316,321,739.38 at the beginning of the year[18] - Total non-current assets decreased to ¥421,375,154.04 from ¥430,943,185.17 at the beginning of the year[18] - The total assets amount to ¥1,607,567,995.22, down from ¥1,747,264,924.55 at the beginning of the year[18] Cash Flow - Cash flow from operating activities showed a net outflow of -¥119,838,129.63, worsening by 10.94% from -¥108,025,211.32 in the same period last year[4] - Cash inflow from operating activities was ¥278,357,135.01, down from ¥342,747,878.45 in the previous period[26] - The net cash flow from operating activities was -119,838,129.63 CNY, compared to -108,025,211.32 CNY in the previous year, indicating a decline in operational cash flow[27] - The total cash outflow from operating activities was 398,195,264.64 CNY, compared to 450,773,089.77 CNY in the previous year, reflecting a decrease in cash outflow[27] - The company experienced a net decrease in cash and cash equivalents of -69,610,959.03 CNY during the quarter, compared to -125,559,514.07 CNY in the previous year[28] Investment and Financing - The company reported a significant increase in investment income, reaching ¥27,660,316.92, up 4173.42% from ¥647,264.65 year-on-year, due to gains from the disposal of a subsidiary[8] - The company reported an investment income of ¥27,660,316.92 for Q1 2022, significantly higher than ¥647,264.65 in the same period last year[21] - The company’s long-term borrowings increased by 35.28% to ¥76,811,977.98, attributed to an increase in long-term financing[8] - The company’s short-term borrowings decreased from ¥28,416,092.93 to ¥20,023,833.33, a reduction of 29.5%[20] - The company received 50,000,000.00 CNY from other investment activities, a decrease from 160,215,533.98 CNY in the previous year[27] - The company paid 50,000,000.00 CNY in cash related to investment activities, down from 160,000,000.00 CNY year-over-year[27] - The company reported a cash inflow of 35,000,000.00 CNY from financing activities, compared to 5,177,320.00 CNY in the previous year, indicating increased financing activity[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,364[10] - The largest shareholder, Huang Wenqian, holds 21.75% of shares, totaling 28,790,650 shares, with 21,592,987 shares pledged[10] - Shenzhen Zhongran Technology Co., Ltd. holds 12.24% of shares, totaling 16,200,000 shares[10] Research and Development - Research and development expenses for Q1 2022 were ¥12,982,977.31, slightly up from ¥12,687,728.39 in the previous year[21] Audit Information - The company did not conduct an audit for the first quarter report[29]

Financial Performance - The company's operating revenue for 2021 was ¥1,145,480,608.09, a decrease of 4.40% compared to 2020[19]. - The net profit attributable to shareholders for 2021 was ¥51,975,092.91, down 37.95% from the previous year[19]. - The net cash flow from operating activities decreased by 67.11% to ¥38,804,305.95 in 2021[19]. - The basic earnings per share for 2021 was ¥0.39, a decline of 39.06% compared to 2020[19]. - Total assets at the end of 2021 were ¥1,747,264,924.55, a decrease of 5.46% from the end of 2020[19]. - The total profit for the year was ¥73,112,001.50, down 41.70% compared to the previous year[49]. - The revenue from the instrument and meter segment was ¥1,139,051,718.91, accounting for 99.44% of total revenue, with a year-on-year decrease of 4.80%[51]. - The company reported a negative net profit in the fourth quarter of 2021, amounting to -¥1,010,897.78[23]. - The company reported a total revenue of ¥230.14 million, with a net profit of ¥19.34 million, reflecting a profit margin of approximately 8.4%[84]. - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year growth of 15%[194]. Dividends and Shareholder Returns - The company reported a cash dividend of 0.50 RMB per 10 shares, based on a total of 132,356,050 shares[4]. - The total distributable profit for the period is 326,067,210.87 CNY, with the cash dividend accounting for 100% of the profit distribution[161]. - The company has not proposed any stock bonus or capital reserve transfer to increase share capital during the reporting period[163]. - A total of 674,700 restricted stocks, representing 0.51% of the current total share capital, were released from restrictions on December 22, 2021[165]. Operational Challenges and Market Conditions - In 2021, the company faced challenges such as rising raw material prices and increased labor costs, impacting product delivery and profitability[31]. - The company is facing uncertainties regarding its ability to continue as a going concern, as indicated in the audit report[19]. - The natural gas consumption in China showed a growth of over 4% in 2020 despite the pandemic, indicating a robust market for the company's products[29]. - The company recognizes the cyclical risks in the smart gas meter industry and plans to adjust its strategies in response to market changes[94]. - The company faces increasing market competition and aims to enhance customer loyalty by providing integrated smart gas metering solutions[96]. Innovation and Product Development - The company’s operational strategies include a focus on technological advancements in smart gas meters, reflecting its commitment to innovation[12]. - The company has three main product platforms: smart products, metering products, and software products, providing comprehensive solutions for urban gas and water management[33]. - The ultrasonic metering instruments developed by the company offer high reliability and precision, addressing the needs for accurate measurement and safety monitoring[36]. - The cloud system products support utility companies with integrated solutions, enhancing operational efficiency and customer service through IoT and big data[37]. - The company is developing a 5G-based smart gas terminal and energy brain, which has already been launched in the domestic market[65]. - The company plans to enhance its technological research by developing advanced metering technologies for smart cities, including ultrasonic gas metering and energy measurement technologies[88]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on smart metering technology[139]. Research and Development - Research and development investment increased by 6.57% to ¥54,633,824.05[49]. - The number of R&D personnel rose by 30.57% to 252, with R&D personnel now making up 33.47% of the workforce[65]. - Research and development expenses increased by 6.57% to 54,633,824.05, accounting for 4.77% of total revenue[66]. - Research and development investments increased by 30%, totaling 150 million RMB, aimed at enhancing product innovation[139]. Governance and Compliance - The company has established a robust governance structure, including a board of directors and specialized committees, to ensure effective decision-making and compliance with regulations[106]. - The management team is composed of independent personnel who do not hold positions in the controlling shareholder's enterprises, ensuring unbiased governance[117]. - The company has implemented a comprehensive internal control system to enhance operational efficiency and governance[109]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with shareholders[111]. - The company has maintained independent bank accounts and tax registrations, reinforcing its financial autonomy[120]. - The company emphasizes the protection of shareholder rights, ensuring transparency and fairness in information disclosure[177]. Employee Management and Development - The company emphasizes talent management and has implemented policies to enhance employee development and organizational performance[48]. - The total number of employees at the end of the reporting period was 753, with 663 in the parent company and 90 in major subsidiaries[158]. - The employee composition includes 200 production personnel, 228 sales personnel, 252 technical personnel, 17 financial personnel, and 56 administrative personnel[158]. - The company strictly adheres to national labor laws and has established a performance-based reward system to enhance employee welfare[159]. - The company emphasizes ongoing employee training to enhance professional skills and meet career development needs[160]. Environmental and Social Responsibility - Environmental protection is integrated into daily management, with adherence to national and local regulations and ISO14001 certification[181]. - The company engages in social responsibility initiatives, contributing to local economic development and public welfare projects[182]. - No significant environmental penalties were reported during the reporting period, reflecting compliance with environmental regulations[175]. Future Outlook and Strategic Plans - The company has set a future revenue guidance of 45 billion CNY for 2022, indicating a growth target of approximately 9.5%[127]. - Market expansion efforts include entering two new international markets, aiming for a 15% increase in overseas sales by the end of 2022[129]. - The company plans to implement a new marketing strategy that targets a 20% increase in brand awareness within the next year[129]. - The company is committed to sustainability, with plans to reduce carbon emissions by 30% over the next five years[130]. - The company is exploring potential acquisitions to strengthen its supply chain, with a budget of 300 million RMB allocated for this purpose[139].

[Major Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) This section presents the company's key financial performance and position indicators for Q3 and YTD 2021, including analysis of significant changes [Major Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%80%E3%80%81%28%E4%B8%80%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q3 and YTD 2021, the company experienced year-over-year declines in several core financial metrics, including revenue and net profit attributable to shareholders 2021 Q3 and YTD Major Financial Indicators | Indicator | Current Period (Q3) (RMB) | YoY Change in Current Period | YTD (RMB) | YoY Change in YTD | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 283,077,821.70 | -19.24% | 907,810,033.57 | -1.50% | | Net Profit Attributable to Shareholders of Listed Company | 15,999,411.63 | -24.16% | 52,985,990.69 | -12.50% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 16,009,752.91 | -15.67% | 51,636,021.07 | -9.16% | | Net Cash Flow from Operating Activities | —— | —— | -47,306,214.88 | 33.28% | | Basic Earnings Per Share (RMB/share) | 0.1200 | -26.06% | 0.4000 | -14.13% | | Total Assets (RMB) | 1,761,420,003.97 | -4.70% (vs. end of prior year) | 1,761,420,003.97 | -4.70% (vs. end of prior year) | | Owners' Equity Attributable to Shareholders of Listed Company (RMB) | 815,878,328.47 | 6.26% (vs. end of prior year) | 815,878,328.47 | 6.26% (vs. end of prior year) | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=%E4%B8%80%E3%80%81%28%E4%BA%8C%29%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) As of the end of the reporting period, the company's total non-recurring gains and losses amounted to 1.35 million RMB, primarily from government subsidies Non-recurring Gains and Losses Items from Year-Beginning to End of Reporting Period | Item | Amount from Year-Beginning to End of Reporting Period (RMB) | | :--- | :--- | | Government subsidies included in current profit/loss | 1,586,262.61 | | Gains/losses from entrusted investment or asset management | 215,533.98 | | Other non-operating income and expenses | -199,115.59 | | Less: Income tax impact | 225,145.25 | | Less: Impact on minority interests (after tax) | 27,566.13 | | **Total** | **1,349,969.62** | - The company classifies VAT refunds for software integrated circuits (**17.15 million RMB**) and additional VAT input deduction (**12,300 RMB**) as recurring gains and losses, as they meet the criteria for "continuous enjoyment based on certain standards or quotas"[7](index=7&type=chunk) [Analysis of Changes in Major Financial Data and Indicators](index=2&type=section&id=%E4%B8%80%E3%80%81%28%E4%B8%89%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, several financial items showed significant changes, including a 313.10% increase in prepayments and a 3608.73% surge in investment income Balance Sheet Major Change Items (September 30, 2021 vs December 31, 2020) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Prepayments | 313.10% | Increase in prepaid material and equipment costs | | Notes Payable | 49.52% | Increased settlement of supplier payments via notes | | Accounts Payable | -35.53% | Decrease in accounts payable due to increased note settlement | | Employee Compensation Payable | -81.62% | Payment of bonuses accrued at the beginning of the period | Income Statement Major Change Items (January-September 2021 vs January-September 2020) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Investment Income | 3608.73% | Increase in investment income from associates and joint ventures | | Non-operating Income | -90.52% | Decrease in non-operating income | | Income Tax Expense | -36.66% | Decrease in taxable income | | Minority Interest Income/Loss | -50.78% | Attributed to profit/loss based on minority interest proportion | Cash Flow Statement Major Change Items (January-September 2021 vs January-September 2020) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Cash Received from Other Investing Activities | -72.84% | Decrease in investment in wealth management products | | Cash Paid for Other Investing Activities | -72.88% | Decrease in cash recovered from wealth management product investments | | Cash Paid for Distribution of Dividends, Profits, or Interest Payments | 83.89% | Increase in interest payments on bank loans | [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) This section details the total number of common shareholders and the shareholding status of the top ten shareholders, including pledged shares [Shareholding Status of Shareholders](index=3&type=section&id=%E4%BA%8C%E3%80%81%28%E4%B8%80%29%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had 10,723 common shareholders, with the top three holding significant stakes - As of the end of the reporting period, the company had **10,723 common shareholders**[13](index=13&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Pledged/Frozen Status | | :--- | :--- | :--- | :--- | :--- | | Huang Wenqian | Domestic Natural Person | 21.75% | 28,790,650 | Pledged 6,050,000 | | Shenzhen Zhongran Technology Co., Ltd. | Domestic Non-State-Owned Legal Person | 12.24% | 16,200,000 | - | | Fan Huiqun | Domestic Natural Person | 5.39% | 7,130,600 | - | | Ma Shanbing | Domestic Natural Person | 3.48% | 4,608,800 | - | | Xintian Technology Co., Ltd. | Domestic Non-State-Owned Legal Person | 3.47% | 4,597,700 | - | [Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section confirms no other significant matters required disclosure during the reporting period [Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) During the reporting period, the company had no other significant matters requiring disclosure - The company has **no other significant matters** to disclose in this reporting period[14](index=14&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides consolidated financial statements for the period, including balance sheet, income statement, cash flow, and related notes [Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%80%29%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This chapter presents the consolidated balance sheet as of September 30, 2021, and the consolidated income statement and cash flow statement from year-beginning to the end of the reporting period [Consolidated Balance Sheet](index=5&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2021, total assets were 1.76 billion RMB, total liabilities 875 million RMB, and owners' equity attributable to the parent company 816 million RMB Consolidated Balance Sheet Key Items (Unit: RMB) | Item | September 30, 2021 | December 31, 2020 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,761,420,003.97 | 1,848,201,253.56 | -4.70% | | Total Liabilities | 874,596,392.55 | 1,014,903,344.14 | -13.82% | | Total Owners' Equity Attributable to Parent Company | 815,878,328.47 | 767,820,468.87 | 6.26% | [Consolidated Income Statement from Year-Beginning to End of Reporting Period](index=7&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) For the first three quarters of 2021, total operating revenue was 908 million RMB, a slight decrease of 1.50%, with net profit attributable to the parent company at 52.99 million RMB, down 12.50% Consolidated Income Statement Key Items (January-September 2021, Unit: RMB) | Item | Current Period Amount | Prior Period Amount | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 907,810,033.57 | 921,644,070.16 | -1.50% | | Total Operating Costs | 846,293,123.30 | 835,137,768.05 | 1.34% | | Operating Profit | 69,889,442.30 | 90,070,105.93 | -22.41% | | Total Profit | 69,520,695.00 | 89,881,240.31 | -22.65% | | Net Profit Attributable to Parent Company Owners | 52,985,990.69 | 60,553,491.50 | -12.50% | | Basic Earnings Per Share | 0.4000 | 0.4658 | -14.13% | [Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period](index=10&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In the first three quarters of 2021, net cash flow from operating activities was -47.31 million RMB, an improvement of 33.28% year-over-year, with total cash and cash equivalents decreasing by 110 million RMB Consolidated Cash Flow Statement Key Items (January-September 2021, Unit: RMB) | Item | Current Period Amount | Prior Period Amount | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -47,306,214.88 | -70,900,839.80 | 33.28% | | Net Cash Flow from Investing Activities | -43,490,900.63 | -52,714,850.72 | 17.50% | | Net Cash Flow from Financing Activities | -19,239,252.73 | 19,876,501.11 | -196.80% | | Net Increase in Cash and Cash Equivalents | -110,036,368.24 | -103,739,189.41 | -6.07% | | Cash and Cash Equivalents at End of Period | 280,877,237.32 | 238,432,787.58 | 17.80% | [Explanation of Financial Statement Adjustments](index=11&type=section&id=%E5%9B%9B%E3%80%81%28%E4%BA%8C%29%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E8%B0%83%E6%95%B4%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company states that it adopted new lease accounting standards in 2021 but did not adjust prior period comparative data - The company **did not adjust** its financial statements at the beginning of 2021 due to the initial adoption of new lease accounting standards[26](index=26&type=chunk) [Audit Report](index=11&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%89%29%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This quarterly report is unaudited - The company's **2021 third-quarter report is unaudited**[26](index=26&type=chunk)