Financial Performance - The company's operating revenue for the first half of 2021 was ¥624,732,211.87, representing a 9.39% increase compared to ¥571,120,554.94 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 6.26% to ¥36,986,579.06 from ¥39,457,356.30 year-on-year[21]. - Basic earnings per share decreased by 7.10% to ¥0.2800 from ¥0.3014 in the same period last year[21]. - The company reported a net cash outflow from operating activities of ¥58,865,482.97, a 17.78% increase in outflow compared to ¥49,981,138.12 last year[42]. - The company reported a comprehensive income total of 36,986,000 CNY for the current period, reflecting a significant change in financial performance[164]. - The total comprehensive income for the first half of 2021 was 24,012,360 yuan, reflecting a significant increase compared to the previous period[173]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,773,335,901.93, down 4.05% from ¥1,848,201,253.56 at the end of the previous year[21]. - Cash and cash equivalents at the end of the reporting period amounted to ¥326,047,189.8, representing 18.39% of total assets, a decrease of 2.76% compared to the previous year[50]. - Accounts receivable increased to ¥744,542,999.5, accounting for 41.99% of total assets, an increase of 4.33% from the previous year[50]. - Total liabilities decreased to CNY 903,198,560.44 from CNY 1,014,903,344.14, a reduction of about 10.9%[141]. - The company's equity increased to CNY 870,137,341.49 from CNY 833,297,909.42, reflecting an increase of approximately 4.4%[142]. Investments and R&D - Research and development investment rose by 10.09% to ¥25,464,437.50, up from ¥23,129,621.85, indicating a commitment to innovation[42]. - The company has developed three major product platforms: smart products, metering products, and software products, catering to urban gas operators[29]. - The company holds 288 intellectual property rights, including 14 invention patents and 97 utility model patents, reflecting its commitment to R&D[35]. - The company is actively integrating new technologies such as IoT and 5G into its product offerings to enhance operational efficiency for gas companies[29]. Market Position and Strategy - The company is recognized as a leading supplier of smart gas solutions in China, with significant market coverage and terminal layout[33]. - The company has established strong partnerships with major gas groups, including Honghua Gas and China Gas, and its products are used by nearly 20 million end users[36]. - The company is facing potential risks in its future operations, which are discussed in detail in the management analysis section[4]. - The company is adapting its strategies to align with national policies promoting natural gas usage and infrastructure development[63]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company emphasizes the protection of shareholder rights and adheres to legal regulations to ensure fair treatment of all shareholders[82]. - The company has undergone changes in its board of directors, with two independent directors resigning and two new directors elected on May 19, 2021[68]. - The company has implemented an employee stock ownership plan, with no objections raised during the public notice period[70]. Related Party Transactions - The company reported a procurement transaction with a related party for raw materials amounting to 897.66 million CNY, representing 1.82% of the total similar transactions[94]. - The total amount of related party transactions for the reporting period was 33,211.4 million CNY, with no significant discrepancies from market reference prices[96]. - The company has not disclosed any significant related party transactions that deviate from market pricing[100]. Risk Management - The company faces risks related to market competition, with increasing pressure on market share and potential declines in gross margin[63]. - The company emphasizes quality control for its smart gas meters, which are mandatory for national inspection, to mitigate product quality risks[64]. - The company is focused on talent retention strategies to address the risk of talent loss in a competitive industry[64]. Financial Reporting and Compliance - The company has not made any adjustments or restatements to previous years' accounting data[22]. - The company's half-year financial report has not been audited[90]. - The company adheres to the accounting standards for enterprises, ensuring that its financial reports accurately reflect its financial position, operating results, and cash flows[180].

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].

[Important Notice](index=2&type=section&id=Section%20I.%20Important%20Notice) The company's board, supervisory board, and senior management guarantee the accuracy and completeness of this quarterly report, while key financial officers confirm the integrity of the financial statements - The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility for no false records, misleading statements, or material omissions[3](index=3&type=chunk) - Company head Huang Wenqian, chief accountant Huang Huabing, and head of accounting department Chen Zhiyuan declare the truthfulness, accuracy, and completeness of the financial statements in this quarterly report[4](index=4&type=chunk) [Company Profile](index=3&type=section&id=Section%20II.%20Company%20Profile) This section provides an overview of the company's key financial performance and shareholder structure for the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2021, the company achieved **22.09% year-over-year revenue growth**, but net profit attributable to shareholders decreased by **24.82%**, with operating cash flow outflow increasing by **33.26%** to **RMB 108 million**, indicating revenue growth without profit and increased working capital pressure Key Financial Data and Indicators | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 313,201,295.48 | 256,530,151.29 | 22.09% | | Net Profit Attributable to Shareholders (RMB) | 11,078,066.32 | 14,734,413.91 | -24.82% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 10,699,851.84 | 14,467,965.52 | -26.04% | | Net Cash Flow from Operating Activities (RMB) | -108,025,211.32 | -81,064,614.85 | -33.26% | | Basic Earnings Per Share (RMB/share) | 0.0846 | 0.1125 | -24.80% | | Total Assets (RMB) | 1,738,943,987.72 | 1,848,201,253.56 | -5.91% (vs. end of prior year) | | Net Assets Attributable to Shareholders (RMB) | 779,297,767.18 | 767,820,468.87 | 1.49% (vs. end of prior year) | - During the reporting period, non-recurring gains and losses totaled **RMB 378,214.48**, primarily from government grants and wealth management income[8](index=8&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders%20at%20Period-End) As of the end of the reporting period, the company had **11,500** common shareholders, with controlling shareholder Huang Wenqian holding **21.74%** of shares, some of which are pledged, and Shenzhen Zhongran Technology Co., Ltd. as the second largest shareholder with **12.23%** - At the end of the reporting period, the company had **11,500** common shareholders[11](index=11&type=chunk) Top Ten Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares Held | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | | Huang Wenqian | 21.74% | 28,790,650 | Pledged 15,300,000 | | Shenzhen Zhongran Technology Co., Ltd. | 12.23% | 16,200,000 | - | | Fan Huiqun | 6.37% | 8,430,600 | - | | Ma Shanbing | 3.48% | 4,608,800 | - | | Zhan Zhenhui | 1.65% | 2,190,000 | Frozen 2,190,000 | [Significant Events](index=6&type=section&id=Section%20III.%20Significant%20Events) This section details significant changes in key financial data, wealth management activities, and other important matters during the reporting period [Analysis of Major Financial Data Changes](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Major%20Financial%20Data%20and%20Indicators) During the reporting period, several financial indicators showed significant changes, including a **702.72%** increase in prepayments due to material purchases, an **87.39%** decrease in employee compensation due to bonus payments, a **38.30%** rise in operating costs due to new revenue standard adjustments, and substantial fluctuations in investment cash flows primarily from wealth management product investments Major Financial Data Changes and Reasons | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | **Balance Sheet Items** | | | | Prepayments | 702.72% | Primarily due to increased prepayments for material purchases | | Other Receivables | 76.33% | Primarily due to increased bid deposits, rental deposits, and travel expense advances | | Other Current Assets | -93.69% | Primarily due to a decrease in deductible input VAT | | Employee Compensation Payable | -87.39% | Primarily due to the payment of bonuses accrued at the beginning of the period | | **Income Statement Items** | | | | Operating Costs | 38.30% | According to new revenue standards, transportation and miscellaneous expenses incurred before transfer of control are included in operating costs | | Financial Expenses | -2731.10% | Primarily due to an increase in interest income during the current period | | **Cash Flow Statement Items** | | | | Cash Received Related to Other Investment Activities | 46318.80% | Primarily due to increased investment in wealth management products during the current period | | Cash Paid for Acquisition of Fixed Assets and Other Long-term Assets | 228.42% | Primarily due to increased long-term asset investments by the company during the current period | [Wealth Management](index=8&type=section&id=VIII.%20Wealth%20Management) During the reporting period, the company invested **RMB 60 million** of idle self-owned funds in a structured deposit product from Shanghai Pudong Development Bank, which matured on March 1, 2021, successfully recovering principal and **RMB 222,000** in income Wealth Management Product Details | Entrusted Institution | Product Type | Amount (RMB 10k) | Source of Funds | Status | | :--- | :--- | :--- | :--- | :--- | | Shanghai Pudong Development Bank | Structured Deposit | 6,000 | Idle Self-owned Funds | Matured and Recovered | - The actual return from this wealth management product was **RMB 222,000**, with an expected annualized yield of **2.96%**[22](index=22&type=chunk) [Other Significant Matters](index=7&type=section&id=Other%20Significant%20Matters) During the reporting period, the company had no progress on significant matters, overdue unfulfilled commitments, securities investments, derivative investments, fundraising project progress, major contracts, illegal guarantees, controlling shareholder fund occupation, or investor relations activities - The company had no share repurchases, overdue unfulfilled commitments, securities investments, derivative investments, fundraising project progress, major operating contracts, illegal external guarantees, controlling shareholder fund occupation, or investor relations activities during the reporting period[17](index=17&type=chunk)[18](index=18&type=chunk)[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk)[25](index=25&type=chunk) [Financial Statements](index=10&type=section&id=Section%20IV.%20Financial%20Statements) This section presents the company's unaudited consolidated and parent company financial statements for Q1 2021, including balance sheets, income statements, and cash flow statements [Financial Statement Summary](index=10&type=section&id=Financial%20Statement%20Summary) This section provides the company's consolidated and parent company financial statements for Q1 2021, including the balance sheet, income statement, and cash flow statement, showing a slight asset contraction, revenue growth with profit decline, and net cash outflow from operations [Consolidated Balance Sheet Summary](index=10&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of March 31, 2021, total assets were **RMB 1.739 billion**, a **5.91%** decrease from year-end, total liabilities were **RMB 891 million**, a **12.20%** decrease, and equity attributable to parent company owners was **RMB 779 million**, a **1.49%** increase Consolidated Balance Sheet | Item | March 31, 2021 (RMB) | December 31, 2020 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,738,943,987.72 | 1,848,201,253.56 | -5.91% | | Total Liabilities | 891,065,621.68 | 1,014,903,344.14 | -12.20% | | Total Equity Attributable to Parent Company Owners | 779,297,767.18 | 767,820,468.87 | 1.49% | [Consolidated Income Statement Summary](index=15&type=section&id=3.%20Consolidated%20Income%20Statement) In Q1 2021, total operating revenue reached **RMB 313 million**, a **22.09%** year-over-year increase, but operating costs rose **38.30%**, leading to a **35.38%** decline in operating profit and a **24.82%** decrease in net profit attributable to parent company shareholders to **RMB 11.08 million** Consolidated Income Statement | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 313,201,295.48 | 256,530,151.29 | 22.09% | | Total Operating Costs | 296,690,554.58 | 228,268,420.76 | 30.00% | | Operating Profit | 16,291,843.26 | 25,213,367.55 | -35.38% | | Net Profit Attributable to Parent Company Shareholders | 11,078,066.32 | 14,734,413.91 | -24.82% | [Consolidated Cash Flow Statement Summary](index=20&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) In Q1 2021, net cash flow from operating activities was a **RMB 108 million** outflow, a **33.26%** increase in outflow from the prior year's **RMB 81 million** outflow, primarily due to increased payments for goods and services, with net cash outflows of **RMB 12.26 million** from investing activities and **RMB 5.27 million** from financing activities Consolidated Cash Flow Statement | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -108,025,211.32 | -81,064,614.85 | -33.26% | | Net Cash Flow from Investing Activities | -12,260,004.86 | -3,575,062.60 | -242.93% | | Net Cash Flow from Financing Activities | -5,274,297.89 | 30,182,779.69 | -117.48% | | Net Increase in Cash and Cash Equivalents | -125,559,514.07 | -54,456,897.76 | -130.56% | [Audit and Adjustment Notes](index=24&type=section&id=II.%20Notes%20on%20Financial%20Statement%20Adjustments) The company explicitly states this quarterly report is unaudited and no adjustments were made to the opening financial statements for the first-time adoption of new lease standards in 2021 - The company's Q1 2021 report is unaudited[52](index=52&type=chunk) - The company did not adjust its financial statements due to the first-time adoption of new lease standards starting in 2021[52](index=52&type=chunk)

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].

Revenue and Profit - The company's revenue for Q1 2019 was ¥243,011,345.28, representing a 56.77% increase compared to ¥155,010,507.10 in the same period last year[7] - Net profit attributable to shareholders was ¥13,950,806.59, up 21.72% from ¥11,461,670.25 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥13,951,768.99, reflecting a 30.77% increase from ¥10,668,773.91 in the previous year[7] - The basic earnings per share increased to ¥0.1073, a rise of 21.66% compared to ¥0.0882 in the same period last year[7] - Operating revenue increased by 56.77%, primarily due to the expansion of the company's business scale[14] - Operating profit for the period was CNY 23,732,608.69, up from CNY 13,902,081.70 in the previous year, reflecting a growth of 70.5%[35] - Net profit for Q1 2019 was CNY 19,573,368.78, representing a 65.5% increase from CNY 11,860,854.96 in Q1 2018[35] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,214,460,945.05, a decrease of 4.54% from ¥1,272,241,247.07 at the end of the previous year[7] - The company's total assets decreased to CNY 1,060,285,510.11 from CNY 1,132,987,795.61, a decline of 6.4%[32] - Current assets totaled CNY 869,385,660.33, down from CNY 933,470,537.07, indicating a reduction of 6.9%[30] - Total liabilities decreased to CNY 459,823,827.90 from CNY 542,467,127.65, a reduction of 15.2%[31] Cash Flow - The net cash flow from operating activities was -¥107,503,008.79, which is a 15.84% increase in cash outflow compared to -¥92,806,335.97 in the same period last year[7] - Cash received from sales and services grew by 45.30%, attributed to enhanced collection efforts[14] - Cash received from tax refunds surged by 1077.05%, linked to increased revenue and software product refunds[14] - Cash paid for various taxes increased by 170.09%, reflecting the rise in revenue and associated tax liabilities[14] - Cash and cash equivalents decreased by 37.07%, mainly due to the payment of due accounts and last year's bonuses[14] - Total cash and cash equivalents at the end of the period were ¥225,940,783.69, down from ¥359,038,262.00 at the beginning of the period[44] - Net cash flow from operating activities was negative CNY 94.87 million, worsening from negative CNY 87.78 million year-on-year[47] - The net decrease in cash and cash equivalents was CNY 120.38 million, compared to a decrease of CNY 100.59 million in the previous year[48] Expenses - Operating costs rose by 60.70%, corresponding to the increase in revenue[14] - Tax and additional charges surged by 156.61%, driven by the rise in revenue[14] - Other income skyrocketed by 599.38%, mainly due to increased revenue and software product refunds[14] - Total operating expenses increased to ¥176,115,471.47, up from ¥143,418,740.26 in the previous period[43] - Research and development expenses rose to CNY 9,847,436.83, up from CNY 7,940,140.37, reflecting a growth of 24.0%[33] - Research and development expenses increased to ¥9,366,556.27, up 18.5% from ¥7,901,900.88 in the previous period[38] Shareholder Information - The net assets attributable to shareholders increased to ¥621,658,296.78, marking a 2.76% rise from ¥604,955,486.84 at the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 12,510[10] Other Information - The company reported government subsidies of ¥25,000.00 during the reporting period[8] - The first quarter report was not audited[49] - The company did not apply new financial instrument standards or new revenue standards for the first quarter[49]