Financial Performance - The company's operating revenue for 2022 was CNY 540,141,645.64, representing a 30.10% increase compared to CNY 415,162,743.70 in 2021[17]. - The net profit attributable to shareholders for 2022 was CNY 136,205,068.76, a significant increase of 123.31% from CNY 60,993,488.79 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 97,939,171.27, up 109.06% from CNY 46,847,689.25 in 2021[17]. - The net cash flow from operating activities surged to CNY 134,707,866.78, marking an increase of 1,082.96% compared to CNY 11,387,329.51 in 2021[17]. - Basic earnings per share rose to CNY 0.81, a 125.00% increase from CNY 0.36 in the previous year[17]. - Total assets at the end of 2022 reached CNY 993,967,117.30, an 11.70% increase from CNY 889,880,540.36 at the end of 2021[17]. - The net assets attributable to shareholders increased to CNY 733,889,514.15, reflecting a growth of 13.61% from CNY 645,978,604.56 in 2021[17]. - The weighted average return on equity for 2022 was 19.94%, up from 9.36% in 2021, indicating improved profitability[17]. Revenue Sources - Sales from valve products accounted for ¥446,055,184.31, which is 82.58% of total revenue, showing a 37.46% increase compared to ¥324,499,289.09 in 2021[52]. - Export revenue reached ¥465,505,152.47, making up 86.18% of total revenue, with a growth of 48.84% from ¥312,752,607.27 in the previous year[52]. - The company's main business revenue reached ¥534,961,316.04, with a year-on-year increase of 5.10%[53]. - Valve sales accounted for ¥446,055,184, with a gross margin of 39.09%, reflecting a year-on-year increase of 2.97%[54]. - The company reported a total of 515,991 valve units sold, representing a year-on-year increase of 20.30%[55]. Research and Development - The company has focused on enhancing its R&D capabilities and has made breakthroughs in new product development, contributing to its market share growth[28]. - The company holds 59 patents, including 2 domestic invention patents, showcasing its strong R&D capabilities[44]. - The company's research and development expenses increased by 9.54% to ¥26,504,687.27[63]. - The number of R&D personnel increased by 10.47% to 95 in 2022, up from 86 in 2021[66]. - The company has developed 37 new products that have passed various certifications, including UL certification for backflow preventers, making it the first in the domestic market to achieve this[89]. Market Presence and Expansion - The company has established a strong international presence, with clients in over 60 countries and regions, enhancing its brand influence globally[30]. - The international sales market has seen a recovery, with the company expanding its presence in North America and Europe, and securing contracts with major clients like Saudi Aramco[38]. - The company has been recognized as a qualified supplier by the Saudi Water Authority and the Kuwait Water and Electricity Authority, enhancing its market credibility[89]. - The company has established long-term stable partnerships with various suppliers, ensuring a reliable supply of auxiliary components[49]. Operational Efficiency - The company has implemented cost-saving measures and improved management efficiency to counteract the pressures from the global economic slowdown[28]. - The company has established a strict procurement management system to ensure product quality and efficient supply chain operations[39]. - The company has implemented a sales model combining self-owned sales teams and agents, improving its market share and brand influence in the domestic market[38]. - The company has established a governance structure that ensures the protection of shareholder and creditor rights, promoting transparency in shareholder meetings[156]. Corporate Governance and Investor Relations - The company plans to strictly adhere to legal requirements and improve governance structure to maximize investor interests[81]. - The board will enhance information disclosure quality and transparency in compliance with relevant regulations[81]. - The company will strengthen investor relations management through various communication channels, including its official website and investor meetings[81]. - The company has committed to maintaining a good relationship with investors through regular communication and transparency[81]. Employee Management and Welfare - The company has a comprehensive employee welfare system, focusing on training and maintaining employee rights[156]. - The company emphasizes employee training as a key growth strategy, focusing on skills and potential enhancement[123]. - The total number of employees at the end of the reporting period was 772, with 340 in the parent company and 432 in major subsidiaries[121]. - The company has established a comprehensive compensation management system based on job value and performance[122]. Environmental and Social Responsibility - The company has implemented measures for environmental protection and sustainable development, achieving certifications for environmental management systems[155]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[155]. Internal Control and Risk Management - The company has established effective internal controls, with no significant deficiencies identified in financial reporting controls as of the evaluation report date[134]. - The internal control evaluation covered all major units and business areas, ensuring comprehensive oversight of the company's operations[136]. - The company has identified high-risk areas including fluctuations in product prices, raw material costs, market competition, international trade policies, and exchange rate changes[137]. Strategic Initiatives - The company is actively pursuing strategic acquisitions to enhance its competitive edge in the market[98]. - The company plans to enhance its digital transformation efforts to improve operational processes and customer engagement[99]. - The company aims to improve operational efficiency and product quality as part of its strategic initiatives for future growth[99].

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 证券代码：002871 证券简称：伟隆股份 公告编号：2023-043 青岛伟隆阀门股份有限公司 关于举办 2022 年年度报告网上业绩说明会 暨征求意见的公告 根据《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司 规范运作》的规定，青岛伟隆阀门股份有限公司（以下简称"公司"或"本 公司"）将于 2023 年 4 月 12 日（星期三）15:00-17:00 在全景网举 （https://www.p5w.net/）办 2022 年年度报告说明会，本次年度报告说明会 将采用网络远程的方式举行，会议具体安排如下： 1、会议时间 2023 年 4 月 12 日（星期三）15:00-17:00 公司董事长范庆伟先生、财务总监兼董事会秘书迟娜娜女士、独立董事 樊培银先生。 为提升公司与投资者之间的交流效率，公司欢迎广大投资者于 2023 年 4 月 10 日（星期一）17:00 前，将您关注的问题通过电子邮件的形式发送至公 司邮箱（Zhao.xiang@weflovalve.com），公司将在本次说明会上对投 ...

Financial Performance - The company's operating revenue for 2021 was CNY 415,162,743.70, representing a 20.48% increase compared to CNY 344,590,024.63 in 2020[19] - The net profit attributable to shareholders for 2021 was CNY 60,993,488.79, a 5.22% increase from CNY 57,968,093.00 in 2020[19] - The net profit after deducting non-recurring gains and losses was CNY 46,847,689.25, up 10.40% from CNY 42,433,709.05 in 2020[19] - The basic earnings per share for 2021 was CNY 0.36, an increase of 5.88% from CNY 0.34 in 2020[19] - The total assets at the end of 2021 were CNY 889,880,540.36, reflecting a 2.32% increase from CNY 869,664,922.77 at the end of 2020[19] - The net cash flow from operating activities was CNY 11,387,329.51, a significant decrease of 87.34% compared to CNY 89,946,129.75 in 2020[19] - The weighted average return on equity for 2021 was 9.36%, up from 8.89% in 2020[19] Revenue Breakdown - The main business revenue accounted for CNY 411,754,090.08, which is 99.18% of total revenue, with a year-on-year growth of 19.92%[50] - Valve sales generated CNY 324,499,289.09, making up 78.16% of total revenue, with a growth rate of 17.54% compared to the previous year[50] - Domestic sales revenue increased by 49.40% to CNY 102,410,136.43, while export revenue grew by 13.30% to CNY 312,752,607.27[50] Market Expansion and Product Development - The company has expanded its market presence to over 50 countries and regions, with increasing brand influence, particularly for its "WEFLO" and "Weilong" brands[31] - The company is focusing on the development of new technologies and products in the firefighting and water supply systems, enhancing automation and energy efficiency[32] - The company developed 15 new products certified by FM/UL/WRAS, including the first domestic UL-certified fire pressure relief valve, and filed for 10 utility model patents[86] Research and Development - The company holds 39 patents, including 2 domestic invention patents, showcasing its strong R&D capabilities[43] - Research and development expenses increased by 13.93% to 24,196,054.32 CNY, driven by an increase in R&D projects[61] - The number of R&D personnel increased by 43.33%, rising from 60 in 2020 to 86 in 2021[63] Operational Efficiency and Cost Management - The company has implemented cost-saving measures and improved management efficiency to cope with the challenges posed by the global pandemic and rising raw material costs[29] - The company aims to enhance its production efficiency and product quality through continuous optimization of its production management and technology research and development[29] - The company employs a "sales-driven production" model, allowing it to efficiently respond to customer orders and optimize production planning[39] Governance and Compliance - The company plans to enhance governance and investor relations, ensuring compliance with relevant laws and improving transparency[75] - The company has established a governance structure that ensures the protection of shareholder and creditor rights, adhering to relevant laws and regulations[157] - The company has maintained effective internal controls in all significant aspects according to the enterprise internal control standards[138] Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of CNY 3.50 per 10 shares, based on a total share base of 168,605,022 shares[6] - The total cash dividend amount, including other methods, was 89,011,607.70 yuan, which accounted for 100% of the total profit distribution[127] - The cash dividend ratio for the year is 96.75% of the net profit attributable to ordinary shareholders in the consolidated financial statements[128] Challenges and Risks - The company faces intense competition in the domestic valve market, with over 2,000 enterprises, particularly in the mid-to-low-end water supply valve segment[77] - Raw material costs, including castings, pig iron, and non-ferrous metals, constituted 60%-70% of the company's main business costs, with rising prices posing a risk to profit margins[78] - The ongoing COVID-19 pandemic has led to project delays and increased logistics costs, contributing to inventory pressure and financial strain on the company[81] Management and Organizational Changes - The company has seen a significant turnover in its management team, with multiple changes in key positions over the past few years[100] - The company introduced 18 management and R&D talents and promoted 10 outstanding employees to enhance operational efficiency[87] - The company has a diverse board with members holding various professional backgrounds, enhancing its strategic decision-making capabilities[104] Employee Management and Training - The company has established a salary management system based on job value and performance, providing a good development platform for employees[125] - The company implemented annual employee training plans to enhance skills and competencies[126] - The company reported a total of 732 employees at the end of the reporting period, with 323 in the parent company and 409 in major subsidiaries[124]

Financial Performance - The company's operating revenue for 2019 was CNY 355,225,906.74, representing a 2.46% increase compared to CNY 346,704,773.62 in 2018[16] - The net profit attributable to shareholders decreased by 31.79% to CNY 52,983,867.54 from CNY 77,680,421.96 in the previous year[16] - The basic earnings per share fell by 32.84% to CNY 0.45, compared to CNY 0.67 in 2018[16] - The net profit after deducting non-recurring gains and losses was CNY 42,611,653.26, a decrease of 31.71% from CNY 62,400,470.01 in 2018[16] - The company achieved a net profit of ¥67,783,389.02 for the year 2019, with a profit distribution plan of ¥4.50 per 10 shares, totaling cash dividends of ¥52,524,900 (including tax) to shareholders[86] - The net profit attributable to ordinary shareholders for 2019 was CNY 52,524,900, representing a 99.13% increase compared to CNY 23,348,400 in 2018[89] - The company reported a total revenue of 80 million yuan for the fiscal year 2019, reflecting a year-on-year increase of 10%[96] Cash Flow and Investments - The net cash flow from operating activities surged by 344.97% to CNY 132,922,717.03, up from CNY 29,872,088.47 in 2018[16] - The total cash inflow from operating activities was ¥415,790,283.88, a year-on-year increase of 14.38%[60] - The net cash flow from investing activities decreased by 427.94%, resulting in a net outflow of ¥152,524,949.11 in 2019 compared to a net inflow of ¥46,510,422.06 in 2018[60] - The net increase in cash and cash equivalents was a decrease of 163.47%, totaling -¥44,270,506.98 in 2019 compared to an increase of ¥69,745,103.27 in 2018[60] - The company reduced the investment scale of the "Large Specifications and Special Purpose Valve Production Project" by CNY 99.23 million and allocated the surplus funds to the "New Valve Construction Project" for its subsidiary, Laizhou Weilon Valve Co., Ltd.[70] Assets and Liabilities - The total assets at the end of 2019 were CNY 799,909,010.24, a 1.89% increase from CNY 785,086,524.19 at the end of 2018[18] - The net assets attributable to shareholders increased by 6.67% to CNY 651,310,430.22 from CNY 610,558,766.49 in 2018[18] - The proportion of cash and cash equivalents to total assets decreased by 6.76%, from 14.78% in 2018 to 8.02% in 2019[63] - The proportion of accounts receivable to total assets decreased by 1.88%, from 10.28% in 2018 to 8.40% in 2019[63] - The proportion of inventory to total assets decreased by 3.62%, from 12.37% in 2018 to 8.75% in 2019[63] Market and Sales - The company’s export revenue accounted for 85.20% of total operating income in 2019, demonstrating a consistent reliance on international markets[29] - The company reported that over 85% of its revenue comes from exports, primarily to Europe, the United States, Asia, and Oceania, indicating a strong reliance on international markets.[77] - Domestic sales revenue reached ¥50,611,543.00, accounting for 14.25% of total revenue, up from 13.87% in 2018[46] - Sales of valves generated ¥299,719,900.54, which is 84.37% of total revenue, showing a decrease of 0.62% from the previous year[46] Research and Development - Research and development expenses increased by 92.05% to ¥21,350,293.92, representing 6.01% of total operating revenue[57][59] - The number of R&D personnel rose to 61, an increase of 7.02% from 57 in 2018[58] - The company is investing 50 million RMB in research and development to improve product quality and efficiency[158] Corporate Governance and Compliance - The company has been recognized as an A-level enterprise for information disclosure quality by the Shenzhen Stock Exchange[42] - The company has committed to maintaining the integrity of its management and has fulfilled its commitments to minority shareholders[106] - The company has complied with all relevant governance regulations without any significant discrepancies noted by regulatory authorities[172] Risk Management - The company emphasizes the importance of risk control and internal governance to navigate market risks associated with international trade policies and market expansion.[76] - The company faces risks related to the stability of product quality, which is critical for customer trust and market reputation[79] - The company is exposed to foreign exchange risks due to fluctuations in the RMB/USD exchange rate, affecting its export revenues[80] Employee and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.4343 million[163] - The company employed a total of 725 staff, with 438 in production, 42 in sales, and 101 in technical roles[167] - The remuneration for the chairman and director, Fan Qingwei, was CNY 552,700, while the general manager, Li Huajun, received CNY 517,700[164] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[158] - New product development is underway, with three innovative valve products expected to launch in Q2 2024, aimed at expanding market share[158] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales in that region over the next two years[158]

Financial Performance - The company's operating revenue for 2020 was CNY 344,590,024.63, a decrease of 2.99% compared to CNY 355,225,906.74 in 2019[15] - The net profit attributable to shareholders for 2020 was CNY 57,968,093.00, representing an increase of 9.41% from CNY 52,983,867.54 in 2019[15] - Basic earnings per share for 2020 were CNY 0.50, an increase of 11.11% from CNY 0.45 in 2019[15] - The net cash flow from operating activities decreased by 32.33% to CNY 89,946,129.75 from CNY 132,922,717.03 in 2019[15] - The company reported a decrease of 0.42% in net profit after deducting non-recurring gains and losses, totaling CNY 42,433,709.05 in 2020[15] - The total cash and cash equivalents decreased by ¥10,965,809.17, marking a 75.23% reduction compared to the previous year[57] - The company reported a net profit of ¥65,672,774.88 for the year 2020, with a cash dividend distribution plan of ¥4.50 per 10 shares, totaling ¥52,506,000 distributed to shareholders[83] Revenue and Sales - The company's revenue from exports accounted for 80.11% of total operating revenue in 2020, down from 85.83% in 2018, showing a gradual decrease in export reliance[26] - The sales of valves accounted for 80.12% of total revenue, amounting to CNY 276,069,311.82, while sales of automotive parts reached CNY 19,097,638.60, marking a 100% increase from the previous year[44] - Domestic sales increased by 35.44% to CNY 68,548,419.01, while export revenue decreased by 8.80% to CNY 276,041,605.62[44] - The total valve sales for 2020 reached ¥276,069,311.82, representing a year-on-year increase of 37.56%[47] - User data indicated a growth in customer base, with over 5,000 active clients by the end of 2020, up from 4,200 in 2019, reflecting a 19% increase[163] Investments and Capital Expenditure - The company has committed to invest RMB 18,258.5 million in a large-scale and special-purpose valve production project, with a cumulative investment of RMB 8,335.5 million, representing 60.39% of the planned investment[68] - The company invested CNY 11,650,000 in 2020 to acquire 55 sets of automated and intelligent production equipment, improving production efficiency[40] - The company has invested a total of 35,600,000 CNY in various financial products, including 5,900,000 CNY in bank wealth management products and 12,300,000 CNY in trust wealth management products[118] Research and Development - Research and development expenses were ¥21,237,919.68, accounting for 6.16% of total revenue, with a slight decrease of 0.53% from the previous year[53] - The company has allocated 50 million yuan for research and development in 2021, focusing on advanced valve technologies and automation[164] - The company is focused on enhancing its research and development capabilities to improve product competitiveness and market expansion[78] Corporate Governance and Shareholder Relations - The company has a cash dividend policy that aligns with its articles of association, ensuring clear communication with shareholders regarding profit distribution[82] - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[83] - The company has ensured that minority shareholders have had ample opportunity to express their opinions and that their legal rights are protected[83] - The company has maintained a consistent cash dividend policy over the past three years, with clear standards and procedures in place[83] Market Expansion and Strategy - The company has established a military product sales department to explore the military market, which is expected to enhance future performance and core competitiveness[25] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region in the next fiscal year[164] - The company expanded its market presence by establishing 83 new agents and setting up "伟隆（香港）实业有限公司" to enhance international business operations[39] Legal and Compliance - The company has not faced any delisting risks or bankruptcy restructuring matters during the reporting period[102] - The company has not reported any other significant matters that require explanation during the reporting period[127] - The company has not engaged in any significant asset or equity sales during the reporting period[72] Employee and Management - The company employed a total of 680 staff, with 434 in production, 40 in sales, 100 in technical roles, and 14 in finance[168] - The company has a diverse management team with extensive experience in various roles within the valve industry, enhancing its operational capabilities[153][154][155][156][157][158] - The company has implemented a stock incentive plan, granting 1.142 million restricted shares to 39 eligible participants, which is expected to enhance employee motivation and retention[104] Financial Reporting and Audit - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2020[192] - The company reported zero significant defects in financial and non-financial internal controls for the year[187] - The company's financial statements were prepared in accordance with accounting standards, ensuring fair representation of its financial results[194]

证券代码：002871 证券简称：伟隆股份 青岛伟隆阀门股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------|-----------------------------------|----------------------------------------------------------|-----------------| | | | | 编号： 2018-001 | | | ■特定对象调研 | □分析师会议 | | | 投资者关系活 | □媒体采访 | □ 业绩说明会 | | | | □ 新闻发布会 | □ 路演活动 | | | 动类别 | □现场参观 | □ 一对一沟通 | | | | □ 其他 （请文字说明其他活动内容） | | | | 参与单位名称 | | | | | 及人员姓名 | 上海沃富良田投资：蒋浩斌、杨丽梅 | | | | 时间 | 2018 年 03 月 16 日 | | | | 地点 | 青岛伟隆阀门股份有限公司 | | | | 上市公司 | 公司董事会秘书：刘克平 | | | | 接待人员 | 证券事务代表： ...

证券代码：002871 证券简称：伟隆股份 青岛伟隆阀门股份有限公司 投资者关系活动记录表 编号：2018-002 | --- | --- | --- | --- | --- | --- | |--------------|-----------------------------------------------------------------------|--------------|-------|-------|-------| | | | | | | | | | ■特定对象调研 | □分析师会议 | | | | | 投资者关系活 | □媒体采访 | □ 业绩说明会 | | | | | | □ 新闻发布会 | □ 路演活动 | | | | | 动类别 | □现场参观 | □ 一对一沟通 | | | | | | □ 其他 （请文字说明其他活动内容） | | | | | | 参与单位名称 | 安信证券股份有限公司： | | | | | | 及人员姓名 | 袁昌业、杨振海、崔文娟 | | | | | | 时间 | 2018 年 05 月 11 日 | | | | | | 地点 | 青岛伟隆阀门股份有限 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥170,409,749.52, representing a 53.90% increase year-over-year[5] - Net profit attributable to shareholders for Q3 2022 was ¥40,871,595.00, a significant increase of 104.68% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.24, up 102.38% year-over-year[5] - The company reported a 39.02% increase in total operating income for the first nine months of 2022, totaling ¥404,468,288.63[9] - The total operating profit increased by 195.19% to CNY 137,918,140.40, primarily due to increased operating revenue[10] - Net profit rose by 170.83% to CNY 117,154,362.42, attributed to increased operating revenue and subsidiary equity transfers[10] - Total comprehensive income attributable to the parent company reached CNY 120,024,666.65, reflecting a 177.25% increase due to operating revenue and equity transfers[10] - The net profit for the third quarter was CNY 117,154,362.42, compared to CNY 43,258,157.14 in the previous year, representing a growth of 171%[27] - The basic and diluted earnings per share for the period were both CNY 0.71, compared to CNY 0.26 in the same quarter last year[28] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥981,634,112.55, reflecting a 10.31% increase from the end of the previous year[5] - The total assets as of the end of the reporting period were CNY 981,634,112.55, an increase from CNY 889,880,540.36 at the end of the previous year[25] - The total liabilities decreased to CNY 232,584,051.11 from CNY 243,901,935.80, indicating a reduction of approximately 5%[25] - The total equity attributable to shareholders of the parent company rose to CNY 711,908,698.26 from CNY 645,978,604.56, reflecting an increase of about 10%[25] Cash Flow - Cash flow from operating activities showed a significant decline of 378.31% year-to-date, totaling ¥79,254,879.17[5] - Operating cash flow for the current period was ¥79,254,879.17, compared to a negative cash flow of ¥28,476,896.64 in the previous period, indicating a significant improvement[30] - Total cash inflow from investment activities was ¥361,908,088.98, up from ¥343,422,689.26 in the previous period[30] - Net cash flow from investment activities was -¥97,636,666.00, a decline from a positive cash flow of ¥113,921,706.09 in the previous period[30] - The company reported a net decrease in cash and cash equivalents of ¥24,391,733.86 for the current period, compared to a decrease of ¥6,885,142.27 in the previous period[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,295[14] - The largest shareholder, Fan Qingwei, holds 55.73% of the shares, totaling 94,200,000 shares[14] - The company has no financing or securities lending activities among the top 10 shareholders[15] Investments and Joint Ventures - The company established a joint venture, Hainan Weilong Investment Co., Ltd., with a registered capital of ¥100 million, where the company holds a 60% stake[16] - Investment income for the first nine months of 2022 surged to ¥48,201,051.39, marking a 298.76% increase year-over-year[9] - The company reported an investment income of CNY 48,201,051.39, significantly higher than CNY 12,087,603.49 from the previous year[27] Stock and Incentive Plans - The company granted 272,000 restricted stocks to 80 eligible participants at a price of ¥5.00 per share on October 28, 2021[19] - The grant price for the reserved portion of the restricted stock plan was adjusted from ¥5.00 to ¥4.65 per share on September 8, 2022[20] - The company plans to grant 427,626 restricted stocks to 27 eligible participants at the adjusted price of ¥4.65 per share[21] - The company has not reported any objections regarding the 2021 restricted stock incentive plan during the internal public announcement period[18] Revenue and Costs - The total operating revenue for the third quarter of 2022 was CNY 404,468,288.63, an increase of 39% compared to CNY 290,948,804.84 in the same period last year[26] - The total operating costs amounted to CNY 307,987,642.28, up from CNY 254,400,507.56, reflecting a year-over-year increase of approximately 21%[26] Cash Management - As of September 30, 2022, the company's cash and cash equivalents decreased to ¥66.69 million from ¥96.52 million on January 1, 2022, representing a decline of approximately 30.96%[23] - The company's trading financial assets increased to ¥280.87 million from ¥188.61 million, marking a growth of approximately 48.83%[23] - Accounts receivable rose to ¥111.05 million from ¥71.85 million, reflecting an increase of approximately 54.61%[23] - Inventory increased to ¥122.77 million from ¥112.52 million, showing a growth of approximately 9.99%[23]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 234,058,539.11, representing a 29.87% increase compared to CNY 180,223,675.26 in the same period last year[20]. - Net profit attributable to shareholders reached CNY 79,146,764.83, a significant increase of 239.84% from CNY 23,289,650.85 in the previous year[20]. - The net cash flow from operating activities improved to CNY 43,831,152.90, a 356.41% increase from a negative CNY 17,094,358.49 in the same period last year[20]. - Basic earnings per share rose to CNY 0.47, marking a 422.22% increase from CNY 0.09 in the previous year[20]. - Total revenue for the reporting period reached ¥234,058,539.11, a year-on-year increase of 29.87% compared to ¥180,223,675.26 in the same period last year[43]. - The company's profit for the reporting period was ¥79,146,764.83, a significant increase of 239.84% year-on-year, primarily due to a gain of ¥35,394,987.58 from the disposal of subsidiary equity[41]. - The company reported a total comprehensive income of ¥80,081,851.21 for the first half of 2022, compared to ¥23,322,853.38 in the same period of 2021[151]. - The company reported a net cash flow from operating activities of ¥43,831,152.90, a significant improvement from a negative cash flow of ¥17,094,358.49 in the previous year[41]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 950,698,146.64, reflecting a 6.83% increase from CNY 889,880,540.36 at the end of the previous year[20]. - Cash and cash equivalents at the end of the reporting period were ¥102,420,122, representing 10.77% of total assets[47]. - Inventory increased to ¥139,235,786, accounting for 14.65% of total assets, with a year-on-year increase of 2.01%[47]. - Total liabilities decreased slightly to CNY 240.54 million from CNY 243.90 million, a decline of about 1.4%[143]. - Shareholders' equity increased to CNY 710.16 million from CNY 645.98 million, showing a growth of approximately 9.9%[143]. Investments and R&D - Research and development investment increased by 37.97% to ¥13,862,472.32, driven by an increase in incentives for R&D personnel[41]. - The company has allocated 52 million yuan for research and development in new technologies, aiming to innovate and enhance product quality[167]. - The company has a total of 40 patents, including 2 domestic invention patents, showcasing its strong R&D capabilities[35]. Market and Sales - The company has accumulated a stable customer base in over 50 countries and regions, ensuring a steady growth in sales orders and revenue[36]. - Sales of valves increased by 44.65% to ¥191,104,635.94, representing 81.65% of total sales[43]. - Export revenue was ¥193,033,812.46, accounting for 82.47% of total revenue, with a year-on-year increase of 57.45%[43]. - The company has established a professional team for international market development, with subsidiaries in the UK, the US, and Hong Kong to enhance its global sales platform[36]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[4]. - The company held two temporary shareholder meetings in 2022, with investor participation rates of 66.66% and 68.11% respectively[73]. - The largest shareholder, Fan Qingwei, holds 55.73% of the shares, totaling 94,200,000 shares, with a decrease of 3,035,355 shares during the reporting period[129]. - The total number of common shareholders at the end of the reporting period is 9,217[128]. Risks and Challenges - The company faces risks from fluctuating raw material prices, which account for 60%-70% of its main business costs, particularly due to the volatility in steel and non-ferrous metal prices[67]. - The ongoing COVID-19 pandemic continues to pose risks to international trade and supply chain stability, affecting the company's operations and inventory management[70]. - The company is exposed to exchange rate fluctuations, particularly with the depreciation of the RMB against the USD, which could impact its financial performance[69]. Corporate Social Responsibility - The company actively engages in social responsibility, balancing economic and social benefits[80]. - The company has implemented measures to protect employee rights, including establishing a labor union and improving working conditions[83]. - The company has established an ISO14001 environmental management system and an ISO45001 occupational health and safety management system[85]. Strategic Initiatives - The company has established a joint venture, Hainan Weilon Investment Co., Ltd., to participate in capital markets and invest in private equity funds, focusing on projects in new energy and new materials[29]. - The company is focusing on enhancing its R&D capabilities and has established a "Lean Improvement Project Team" to drive operational efficiency and product development[70]. - The company plans to expand its market presence and invest in new product development to drive future growth[164].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥234,058,539.11, representing a 29.87% increase compared to ¥180,223,675.26 in the same period last year[20]. - Net profit attributable to shareholders reached ¥79,146,764.83, a significant increase of 239.84% from ¥23,289,650.85 in the previous year[20]. - Basic earnings per share rose to ¥0.47, up 422.22% from ¥0.09 in the previous year[20]. - The company's profit for the reporting period was ¥79,146,764.83, a significant increase of 239.84% year-on-year, primarily due to a gain of ¥35,394,987.58 from the disposal of subsidiary equity[41]. - The total comprehensive income for the first half of 2022 was ¥80,081,851.21, compared to ¥23,322,853.38 in the same period of 2021[151]. - The company reported a net profit margin of 6.7% for the first half of 2022[162]. - The total revenue for the first half of 2022 was 400,265,000, reflecting a growth of 6.1% year-over-year[162]. Cash Flow and Investments - The net cash flow from operating activities improved to ¥43,831,152.90, compared to a negative cash flow of ¥17,094,358.49 in the same period last year, marking a 356.41% increase[20]. - The company reported a net cash outflow from investing activities of ¥34,676,119.52 for the first half of 2022, compared to a net inflow of ¥91,329,180.34 in the same period of 2021, indicating a shift in investment strategy[157]. - Cash inflow from financing activities totaled ¥90,000,000.00 in the first half of 2022, a significant increase from ¥18,000,000.00 in the first half of 2021, highlighting enhanced capital raising efforts[157]. - The company’s cash and cash equivalents at the end of the first half of 2022 stood at ¥90,739,791.91, up from ¥31,845,387.34 at the end of the first half of 2021, representing a growth of approximately 184%[157]. Assets and Liabilities - Total assets at the end of the reporting period were ¥950,698,146.64, reflecting a 6.83% increase from ¥889,880,540.36 at the end of the previous year[20]. - Total liabilities decreased slightly to ¥240,535,443.24 from ¥243,901,935.80, a reduction of about 1.5%[143]. - The company's equity attributable to shareholders increased to ¥669,208,746.69 from ¥645,978,604.56, reflecting a growth of approximately 3.6%[143]. - The current ratio improved to 2.89 as of June 30, 2022, compared to 2.53 at the beginning of the year, indicating better short-term financial health[141]. Research and Development - Research and development investment increased by 37.97% to ¥13,862,472.32, driven by an increase in R&D personnel incentives[41]. - The company has implemented a product innovation enhancement project to optimize product design processes, improving delivery times and customer satisfaction[32]. - The company aims to enhance its product offerings and improve operational efficiency in the upcoming quarters[173]. Market and Competition - The company faces market risks due to potential changes in import trade policies and product certifications in key international markets, which could impact its export business[67]. - The company is exposed to competition in the domestic valve market, with over 2,000 enterprises competing, particularly in the mid-to-low-end water supply valve segment[67]. - The company reported that over 80% of its revenue comes from exports, primarily to Europe, the United States, Asia, and Oceania, indicating a strong reliance on international markets[66]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[4]. - The company held two temporary shareholder meetings with participation rates of 66.66% and 68.11% respectively[73]. - The annual shareholder meeting had a participation rate of 66.52%[73]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[131]. Environmental and Social Responsibility - The company has established an ISO14001 environmental management system and an ISO45001 occupational health and safety management system[79]. - The company has not faced any significant environmental penalties during the reporting period[79]. - The company has implemented measures to protect employee rights, including establishing a labor union and improving working conditions[82]. Strategic Initiatives - The company established a joint venture, Hainan Weilon Investment Co., Ltd., to participate in capital markets and invest in private equity funds, focusing on new energy and new materials projects[29]. - The company aims to enhance its market presence by increasing marketing efforts and exploring emerging markets[70]. - The company has initiated a "lean reform year" in 2022, focusing on improving operational efficiency and enhancing its research and development capabilities[70].