Financial Performance - The company's operating revenue for Q3 2022 was ¥1,017,166,389.14, a decrease of 28.38% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was ¥62,201,514.06, down 6.01% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥60,968,466.29, reflecting an 8.01% decrease compared to the previous year[7]. - Total operating revenue for the period was ¥3,079,870,282.37, a decrease of 5.5% compared to ¥3,257,820,875.48 in the previous period[28]. - Net profit for the period was ¥182,092,667.07, an increase of 5.3% compared to ¥171,912,474.72 in the previous period[31]. - Total comprehensive income attributable to the parent company was ¥182,092,667.07, an increase from ¥171,912,474.72 in the previous period, representing a growth of approximately 7.0%[33]. - Basic and diluted earnings per share both increased to ¥0.4206 from ¥0.3971, reflecting a rise of about 5.3%[33]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥3,109,243,745.41, a decline of 1.80% from the end of the previous year[7]. - Total assets decreased to ¥3,109,243,745.41 from ¥3,166,204,555.36, a decline of approximately 1.8%[27]. - Total liabilities decreased to ¥1,143,071,864.18 from ¥1,295,430,526.72, a reduction of about 11.8%[27]. - The company's equity attributable to shareholders increased to ¥1,966,171,881.23 from ¥1,870,774,028.64, representing a growth of 5.1%[27]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥42,958,277.77, showing a significant increase of 105.29% year-on-year[7]. - Cash inflow from operating activities totaled ¥3,225,234,214.74, up from ¥2,839,641,877.17, indicating an increase of approximately 13.6%[34]. - Net cash flow from operating activities was ¥42,958,277.77, a significant improvement compared to a net outflow of ¥811,987,704.72 in the previous period[37]. - Cash outflow from investing activities was ¥45,841,073.57, down from ¥182,641,160.10, showing a decrease of about 75.1%[37]. - Cash inflow from financing activities was ¥1,274,518,039.28, compared to ¥1,028,355,276.95 in the previous period, marking an increase of approximately 23.9%[37]. - The ending balance of cash and cash equivalents was ¥263,179,920.75, compared to ¥213,673,918.04 at the end of the previous period, reflecting an increase of about 23.2%[37]. Research and Development - Research and development expenses increased by 199.73% year-on-year, totaling ¥14,408,444.81 for the first nine months of 2022[11]. - Research and development expenses increased significantly to ¥14,408,444.81, up from ¥4,807,219.72, reflecting a focus on innovation[28]. - The company has established a research and development center for solid-state batteries, with all facilities delivered and operational as of the reporting period[20]. - The company has implemented a project-based management process for its R&D activities, initiating the first batch of R&D projects[20]. Shareholder Information - The top five shareholders collectively hold 75.06% of the company's shares, with Zheng Youshui being the largest shareholder at 56.83%[15]. - As of the reporting date, the company has fully released the pledged shares of shareholder Zheng Huijie, which were previously under a financing agreement[19]. Other Financial Metrics - The total equity attributable to shareholders increased by 5.10% to ¥1,966,171,881.23 compared to the end of the previous year[7]. - The company reported a significant increase in fair value gains of 745.52%, amounting to ¥3,946,184.41 for the period[11]. - The company experienced a 36.54% rise in financial expenses, totaling ¥24,749,569.69 for the first nine months of 2022[11]. - The net increase in cash and cash equivalents for the period was a decrease of 88.17%, amounting to -¥24,875,896.24[11]. - As of September 30, 2022, the company's cash and cash equivalents amounted to RMB 274.57 million, a decrease from RMB 294.79 million on January 1, 2022, reflecting a decline of approximately 6.5%[21]. - Accounts receivable increased to RMB 1.39 billion as of September 30, 2022, compared to RMB 1.22 billion at the beginning of the year, representing a growth of about 13.8%[21]. - Inventory decreased to RMB 668.71 million from RMB 770.87 million, indicating a reduction of approximately 13.2%[21]. - The company plans to engage in accounts receivable factoring with a cumulative amount not exceeding RMB 400 million within one year to enhance cash flow[16]. - The company intends to invest up to RMB 300 million over five years in joint development of solid-state battery technology with Chongqing Jintian Wing New Energy Technology Co., Ltd.[20]. - The company has authorized the use of up to RMB 30 million of idle funds for short-term financial products, with a maximum daily investment not exceeding RMB 30 million[16].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,062,703,893.23, representing a 12.25% increase compared to ¥1,837,637,231.78 in the same period last year[27]. - Net profit attributable to shareholders was ¥119,891,153.01, up 13.39% from ¥105,735,500.16 in the previous year[27]. - Basic earnings per share increased to ¥0.2769, reflecting a 13.39% growth from ¥0.2442 in the previous year[27]. - The company's operating revenue for the reporting period was 2.063 billion yuan, an increase of 12.25% compared to the same period last year, while net profit reached 120 million yuan, up 13.39% year-on-year[37]. - The company achieved a non-recurring net profit of 120 million yuan, reflecting a growth of 13.76% compared to the previous year[37]. - The company's operating revenue reached ¥1,828,469,543.74, representing a year-on-year increase of 9.21%[56]. - Net profit for the first half of 2022 was ¥119,891,153.01, compared to ¥105,735,500.16 in the same period of 2021, representing an increase of approximately 13.06%[181]. - The company's total profit loss was CNY -14,385.60 million, contrasting with a profit of CNY 34,576.95 million in the same period of 2021[187]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, with a net outflow of ¥230,169,434.06, a 67.28% reduction from a net outflow of ¥703,490,605.40 in the same period last year[27]. - Cash flow from operating activities showed a net outflow of CNY -230.17 million, improving from a net outflow of CNY -703.49 million in the same period last year[191]. - The company reported a financial expense of ¥17,164,853.75, which is an increase from ¥7,036,139.09, reflecting a rise of approximately 143.66%[179]. - The company spent CNY 30.10 million on fixed assets and intangible assets, a rise from CNY 15.60 million in the previous year[195]. - The company recorded a decrease in cash and cash equivalents, ending the period with CNY 235.43 million compared to CNY 83.93 million at the end of the previous year[195]. - The company repaid ¥330 million in debt during the first half of 2022, compared to ¥100 million in the same period of 2021[199]. - The total cash outflow from financing activities increased significantly to ¥340.29 million in 2022 from ¥106.62 million in 2021[199]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,360,822,968.40, a 6.15% increase from ¥3,166,204,555.36 at the end of the previous year[27]. - The company's net assets attributable to shareholders rose to ¥1,904,001,613.07, marking a 1.78% increase from ¥1,870,774,028.64 at the end of the previous year[27]. - Total liabilities reached ¥1,456,821,355.33, compared to ¥1,295,430,526.72, reflecting an increase of about 12.43%[170]. - Current liabilities rose to ¥1,430,687,129.64 from ¥1,275,181,391.28, marking an increase of approximately 12.19%[170]. - Short-term borrowings increased to ¥1,084,614,136.88, up from ¥972,441,132.43, which is a rise of about 11.52%[170]. Research and Development - Research and development expenses surged by 216.48% to ¥8,080,990.66, up from ¥2,553,388.63, indicating a significant increase in investment in innovation[53]. - The company has ongoing investments in solid-state battery technology, with a total investment of ¥20,973,196.60 during the reporting period[68]. - The company aims to enhance its competitive edge through continuous innovation and improvement in product structure, aligning with national policies for industry transformation[42]. Market and Competition - The main business involves the R&D, production, sales, and service of power cables, with key products including ordinary and special wires and cables, which have higher technical content and added value[38]. - The company employs a dual-channel sales model, primarily focusing on direct sales, which is the main sales approach, supplemented by a distribution model through dealers[39]. - The cable industry in China is characterized by a large scale but low concentration, with a significant number of enterprises and a need for high-end product development[42]. - The company has adopted a differentiated competition strategy to upgrade its product offerings and improve profit margins in a competitive market[84]. Risk Management - The company faces risks related to raw material price fluctuations, market competition, and management[6]. - The company has implemented a hedging management system to mitigate risks from raw material price fluctuations, ensuring that hedging activities are strictly for risk avoidance purposes[72]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. Corporate Governance - The company has not engaged in any securities investments during the reporting period[73]. - The company has not sold any significant assets or equity during the reporting period[80]. - The company has no overdue commitments from actual controllers, shareholders, or related parties as of the end of the reporting period[101]. - The company reported no major litigation or arbitration matters during the reporting period[106]. - The company has no significant related party transactions, with actual procurement from related parties amounting to 890,600 yuan, which is 2.58% of similar transaction amounts[111]. Subsidiary Performance - The subsidiary Huizhou Cable achieved operating revenue of 1,845,454.2 CNY, a year-on-year increase of 16.72%, and a net profit of 116,105.4 CNY, a year-on-year increase of 117.25%[81]. - The subsidiary Huizhou Cable is leasing a factory in Chongqing to advance solid-state battery and key materials projects[125].

金龙羽集团股份有限公司 2021 年年度报告全文 金龙羽集团股份有限公司 2021 年年度报告 2022 年 04 月 1 金龙羽集团股份有限公司 2021 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人郑永汉、主管会计工作负责人吉杏丹及会计机构负责人(会计主 管人员)吉杏丹声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告涉及未来计划等前瞻性陈述，该计划不构成公司对投资者的实质承 诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、 预测与承诺之间的差异。 公司面临原材料价格波动风险、市场竞争风险、单一市场风险和管理风险 | --- | --- | |-----------------------------------------------------------------------|--------------------------| | | | | | | | 等，敬 ...

金龙羽集团股份有限公司 2022 年第一季度报告全文 金龙羽集团股份有限公司 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 1 证券代码：002882 证券简称：金龙羽 公告编号：2022-024 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 | ...

证券代码：002882 证券简称：金龙羽 公告编号：2021-060 金龙羽集团股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生态" 上市公司投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，金龙羽集团股份有限公司（以下简 称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办的 "沟通传递价值，交流创造良好生态"—2021 深圳辖区上市公司投资者网上集 体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台， 采取 网络远程的方式举行，投资者可以登录"全景• 路演天下"网站 （http://rs.p5w.net/）或关注微信公众号：全景财经，参与公司本次投资者集 体接待日活动，活动时间为 2021 年 11 月 30 日 14:00 至 17:00，其中公司与投 资者网上互动时间为 15:30 至 17:00。 届时公司的董事会秘书、财务总监等高级管理人员将通过网络文字交流形式 与投资者进行沟通。 欢迎广大投资者积 ...

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,420,183,643.70, representing a year-on-year increase of 44.97%[3] - The net profit attributable to shareholders for Q3 2021 was CNY 66,176,974.56, a decrease of 17.01% compared to the same period last year[3] - The company's basic earnings per share for Q3 2021 was CNY 0.1529, down 15.09% year-on-year[3] - Total operating revenue for Q3 2021 reached ¥3,257,820,875.48, an increase of 43.6% compared to ¥2,269,070,310.98 in the same period last year[22] - Net profit for Q3 2021 was ¥171,912,474.72, up 20.3% from ¥142,913,971.43 in Q3 2020[23] - The total comprehensive income for the period reached ¥171,912,474.72, compared to ¥142,913,971.43 in the previous period, reflecting an increase of approximately 20.3%[24] - Basic and diluted earnings per share increased to ¥0.3971 from ¥0.3301, representing a growth of about 20.3%[24] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -811,987,704.72, reflecting a significant decline of 451.58%[3] - The net cash flow from operating activities for the first nine months of 2021 was -811,987,704.72 RMB, a decrease of 451.58% compared to -147,212,061.40 RMB in the same period of 2020[7] - Cash inflow from operating activities totaled ¥2,839,641,877.17, up from ¥2,309,280,904.33, indicating an increase of approximately 22.9%[27] - Cash outflow from operating activities rose to ¥3,651,629,581.89 from ¥2,456,492,965.73, marking an increase of about 48.5%[27] - Cash flow from investing activities generated a net inflow of ¥27,894,326.51, compared to a net outflow of -¥36,015,938.74 previously[28] - Cash flow from financing activities showed a net inflow of ¥573,999,373.44, improving from a net outflow of -¥39,452,089.49 in the prior period[28] Assets and Liabilities - Total assets at the end of Q3 2021 reached CNY 3,443,693,056.67, an increase of 29.04% from the end of the previous year[3] - Total assets increased to ¥3,443,693,056.67, a growth of 29.0% from ¥2,668,740,266.76 year-over-year[19] - Total liabilities amounted to ¥1,452,058,838.18, which is a significant rise of 101.0% compared to ¥721,581,127.84 in the same quarter last year[18] - Current liabilities reached CNY 704,407,520.96, with short-term borrowings at CNY 506,029,663.30[33] - The total liabilities were CNY 721,581,127.84, while total equity stood at CNY 1,947,159,138.92[34] Research and Development - The company's R&D expenses increased by 59.53% year-on-year, amounting to CNY 4,807,219.72[6] - Research and development expenses for Q3 2021 were ¥4,807,219.72, up from ¥3,013,369.20 in Q3 2020, indicating a focus on innovation[22] - The company plans to invest up to 300 million RMB in joint research and development of solid-state battery technology over the next five years[13] Shareholder Information - The company’s total equity attributable to shareholders was CNY 1,991,634,218.49, reflecting a slight increase of 2.28% from the previous year[3] - The company’s major shareholder, Zheng You Shui, holds 56.83% of the shares, totaling 246,000,000 shares[8] Other Financial Metrics - The company experienced a significant increase in impairment losses, reporting -18,854,996.42 RMB, a change of -840.95% compared to the previous year[7] - The company’s other income decreased by 90.39% to 414,746.23 RMB due to reduced government subsidies received during the reporting period[7] - The company has approved a factoring business with a total amount not exceeding 400 million RMB within one year[10] - The company reported a significant increase in accounts receivable by 74.95%, totaling CNY 1,364,136,668.81, due to higher sales revenue[5] - The company’s inventory increased by 40.95% to CNY 866,579,821.91, attributed to rising raw material prices[6] - The inventory as of September 30, 2021, was 866,579,821.91 RMB, an increase from 614,816,171.12 RMB at the end of 2020[16]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,837,637,231.78, representing a 42.51% increase compared to ¥1,289,439,357.56 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥105,735,500.16, a 67.39% increase from ¥63,168,954.66 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥105,160,200.60, up 62.95% from ¥64,533,897.14 in the same period last year[23]. - The basic earnings per share increased to ¥0.2442, a rise of 65.78% compared to ¥0.1473 in the previous year[23]. - The company's revenue for the reporting period was 1.838 billion yuan, representing a year-on-year growth of 42.51%, while net profit reached 106 million yuan, up 67.39% compared to the same period last year[31]. - The significant growth in performance is attributed to the recovery from the pandemic, which had previously impacted production and sales[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,064,483,223.62, reflecting a 14.83% increase from ¥2,668,740,266.76 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were ¥1,925,106,709.10, showing a slight decrease of 1.13% from ¥1,947,159,138.92 at the end of the previous year[23]. - Total liabilities reached CNY 1,139,376,514.52, compared to CNY 721,581,127.84, which is an increase of approximately 57.9%[134]. - The company's total equity decreased to CNY 1,358,721,573.58 from CNY 1,450,705,383.99, reflecting a decline of 6.3%[140]. Cash Flow - The net cash flow from operating activities was negative at -¥703,490,605.40, worsening by 252.57% compared to -¥199,529,567.54 in the previous year[23]. - The company reported a net cash outflow from operating activities of CNY -703,490,605.40 for the first half of 2021, compared to CNY -199,529,567.54 in the same period of 2020[151]. - Net cash flow from investing activities increased by 330.02% to ¥34,930,767.63, recovering from -¥15,185,916.43[50]. - Cash inflow from financing activities totaled 381,654,107.61 CNY, while cash outflow was 106,619,666.31 CNY, resulting in a net cash flow of 275,034,441.30 CNY[155]. Operational Costs - Operating costs increased by 44.29%, amounting to ¥1,591,912,778.94, due to the corresponding rise in revenue[46]. - The total operating costs for the first half of 2021 were CNY 1,690,206,330.87, an increase of 42.2% from CNY 1,189,305,888.04 in the previous year[142]. - Financial expenses surged by 52.17% to ¥7,036,139.09, attributed to the recovery of operations and significant raw material price increases[46]. Market and Industry Position - The main business involves the research, production, sales, and service of electric wires and cables, with a focus on high-value-added special cables[32]. - The electric wire and cable industry in China has maintained a production and consumption scale exceeding 1.4 trillion yuan since 2014, solidifying its position as the world's largest manufacturer[32]. - The company aims to leverage opportunities from the Belt and Road Initiative, enhancing its market presence in developing countries with infrastructure needs[38]. - The electric wire and cable industry is expected to benefit from ongoing investments in infrastructure, including power, railways, and new energy sectors in China[36]. Risks and Challenges - The company faces risks such as raw material price fluctuations, market competition, and management risks, which investors should be aware of[5]. - The company has a significant reliance on the Shenzhen market, which poses a risk if the local economy declines; therefore, it is actively expanding into new markets to mitigate this risk[71]. - The company is facing market competition risks due to many competitors in the low-end product segment, prompting a focus on quality and differentiation strategies[73]. Research and Development - Research and development expenses rose by 49.78% to ¥2,553,388.63, up from ¥1,704,725.47[50]. - The company has developed a robust R&D team, with core members having over 5 years of industry experience, and has obtained 8 patents[43]. - The company is committed to innovation and improving product structure, aligning with the supply-side reform to enhance competitiveness in the market[36]. Corporate Governance and Shareholder Information - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, with various departments such as sales, procurement, and finance[183]. - The total number of ordinary shareholders at the end of the reporting period was 18,393, with 5% shareholders holding 8[117]. - The largest shareholder, Zheng You Shui, holds 56.83% of the shares, totaling 246,000,000 shares[119]. - The company reported no changes in the controlling shareholder or actual controller during the reporting period[123]. Future Outlook - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[156]. - Future guidance suggests a continued upward trend in revenue, supported by strategic initiatives and market expansion efforts[172].

Financial Performance - The company's operating revenue for Q1 2021 was ¥673,648,859.55, representing a 70.02% increase compared to ¥396,217,798.44 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was ¥37,992,414.71, a significant increase of 564.74% from ¥5,715,417.83 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥37,870,662.99, up 577.63% from ¥5,588,707.91 year-on-year[8] - The basic earnings per share for Q1 2021 was ¥0.0878, compared to ¥0.0133 in the same period last year, marking a 560.15% increase[8] - Operating revenue increased by 70.02% to ¥673,648,859.55, recovering from significant declines caused by the pandemic in the previous year[16] - The company reported a total profit of CNY 46,034,670.47 for Q1 2021, compared to CNY 7,823,004.78 in the same quarter last year, representing an increase of 485.5%[44] - The company reported a total profit of CNY 10,873,077.49 for the first quarter, compared to a total loss of CNY 9,924,818.04 in the same period last year[48] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,592,684,933.26, a decrease of 2.85% from ¥2,668,740,266.76 at the end of the previous year[8] - Total assets decreased to approximately CNY 2.59 billion from CNY 2.67 billion, reflecting a decline of about 2.63%[37] - Total liabilities decreased to approximately CNY 606.43 million from CNY 721.58 million, a reduction of about 15.98%[36] - The company's equity attributable to shareholders increased to approximately CNY 1.99 billion from CNY 1.95 billion, showing an increase of about 2.00%[37] Cash Flow - The net cash flow from operating activities was negative at -¥126,045,081.84, a decline of 366.71% compared to -¥27,007,268.98 in the same period last year[8] - Cash flow from operating activities showed a net outflow of CNY 126,045,081.84, compared to a net outflow of CNY 27,007,268.98 in the same period last year[51] - Cash inflow from investment activities totaled 212,000,868.49, while cash outflow was 160,126,000.00, resulting in a net cash flow from investment activities of 51,874,868.49[55] - The total cash outflow from operating activities was CNY 884,938,171.77, compared to CNY 529,831,110.10 in the previous year[51] Expenses and Costs - Operating costs for the same period were CNY 619,196,344.01, up from CNY 382,959,496.40, reflecting a year-over-year increase of 61.9%[43] - Research and development expenses rose by 34.61% to ¥1,115,885.20, reflecting increased R&D activities as production and sales normalized[16] - Financial expenses surged by 296.44% to ¥960,053.67, attributed to increased funding needs as production and sales resumed[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,848, with the largest shareholder holding 56.83% of the shares[11] - The company reported a net asset value of 1,343.84 million yuan at the end of the reporting period[22] Risk Management - The company has engaged in hedging activities to mitigate market risks associated with raw material price fluctuations, which is deemed necessary and beneficial[23] - The company has established a hedging management system to control risks associated with derivative investments[22] Investor Relations - The company conducted investor relations activities on March 18 and March 25, 2021, discussing operational matters[29] - The company has not forecasted significant losses or substantial changes in net profit for the first half of 2021[24] Other Information - The company reported a fair value change gain of 1.1439 million yuan during the reporting period[22] - There were no significant changes in the accounting policies or principles for derivative investments compared to the previous reporting period[23] - The first quarter report was not audited, which may affect the reliability of the financial data presented[57]

Financial Performance - The company's operating revenue for 2020 was ¥3,199,364,015.01, a decrease of 16.83% compared to ¥3,846,622,652.70 in 2019[20] - The net profit attributable to shareholders for 2020 was ¥191,927,815.34, down 31.56% from ¥280,417,846.81 in the previous year[20] - The net cash flow from operating activities was ¥80,549,439.31, representing a decline of 61.86% compared to ¥211,207,810.36 in 2019[20] - Basic earnings per share for 2020 were ¥0.4434, a decrease of 31.89% from ¥0.6510 in 2019[20] - The total assets at the end of 2020 were ¥2,668,740,266.76, an increase of 10.63% from ¥2,412,354,823.16 at the end of 2019[20] - The net assets attributable to shareholders at the end of 2020 were ¥1,947,159,138.92, up 5.11% from ¥1,852,413,384.42 in 2019[20] - The weighted average return on net assets for 2020 was 10.23%, a decrease of 6.22% from 16.45% in 2019[20] - The company's total revenue for the year was approximately 2.4 billion yuan, with quarterly revenues of 396.2 million, 893.2 million, 979.6 million, and 930.3 million yuan respectively[23] - Net profit attributable to shareholders for the year was approximately 192.9 million yuan, with quarterly figures of 5.7 million, 57.5 million, 79.7 million, and 49.0 million yuan[23] Cash Flow and Investments - The net cash flow from operating activities showed a significant improvement, with a positive cash flow of 227.8 million yuan in the fourth quarter, following negative cash flows in the first three quarters[23] - Operating cash inflow decreased by 16.27% to ¥3,514,352,602.35 from ¥4,197,305,549.82 in 2019[63] - Investment cash inflow significantly declined by 99.75% to ¥120,000.00 from ¥48,401,706.85 in 2019[63] - Net cash flow from financing activities increased by 103.03% to ¥4,963,316.66, reversing from a negative cash flow of ¥163,829,587.30 in the previous year[63] - The total investment during the reporting period was ¥7,496,616.00, a decrease of 93.98% from ¥19,949,671.87 in the previous year[75] - The net cash flow from investment activities was negative at -¥107,256,404.76, worsening from -¥72,920,067.72 in the previous year, a decline of 47.09%[66] Market and Industry Insights - The company focuses on the research, production, and sales of electric wires and cables, with a strong emphasis on high-value-added specialty products[27] - The electric wire and cable industry in China has maintained a production and consumption scale exceeding 1.4 trillion yuan since 2014, indicating robust market demand[27] - Significant investments in infrastructure and technology are expected to drive future growth, particularly in sectors like power, transportation, and construction[33] - The company anticipates continued growth in demand for cables driven by infrastructure investments in power grids and other sectors[92] Risk Management - The company faces risks including raw material price fluctuations, market competition, and management risks[5] - The company has implemented a hedging management system to mitigate risks associated with price fluctuations of raw materials, ensuring compliance with relevant laws and regulations[79] Research and Development - The company has a robust R&D team, with core members having over 5 years of industry experience, and has obtained 8 patents to enhance its technological capabilities[36] - The company has established a research and development center in Huizhou, enhancing its capabilities in new materials, technologies, and products[46] - The company is investing 100 million RMB in R&D for new technologies aimed at improving operational efficiency and product quality[136] Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥3 per 10 shares based on a total of 432,900,000 shares[5] - The total cash dividend amount for 2020 is 129,870,000 CNY, which accounts for 100% of the total profit distribution[105] - The company has reported a cash dividend of 129,870,000 CNY for both 2019 and 2020, maintaining a consistent dividend policy[102] Corporate Governance and Compliance - The company has not made any changes to the accounting principles compared to the previous reporting period[79] - The company has confirmed that the hedging activities do not harm the interests of shareholders, particularly minority shareholders[79] - The company has fulfilled its commitments regarding shareholding and dividend distribution as per regulatory requirements[107] Shareholder Information - Major shareholder Zheng You Shui holds 56.83% of the company, with 246,000,000 shares, of which 184,500,000 are restricted[198] - The company has a total of 19,364 shareholders as of the end of the reporting period[197] - The company’s stock structure includes significant pledges, with Zheng Hui Jie pledging 25,160,000 shares[198] Strategic Initiatives - The company has shifted its competitive strategy from price to quality and brand, focusing on high-end market segments and enhancing product quality[94] - The company is actively pursuing differentiated competition strategies and enhancing R&D capabilities to develop high-end and specialty cables[96] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[132]

Financial Performance - Net profit attributable to shareholders was ¥79,745,016.77, representing a decrease of 36.97% year-on-year[8]. - Operating income for the reporting period was ¥979,630,953.42, down 21.25% compared to the same period last year[8]. - Basic earnings per share were ¥0.1842, a decrease of 37.55% year-on-year[8]. - Operating profit decreased by 35.43% to ¥190.41 million, primarily due to a decline in revenue caused by the pandemic[22]. - The company reported a net profit of CNY 751,603,457.19, up from CNY 738,559,485.76, reflecting a growth of about 1.9%[50]. - Net profit for the current period is ¥142,913,971.43, a decline of 37.0% from ¥226,722,305.87 in the previous period[71]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥52,317,506.14, an increase of 201.70% compared to the previous period[8]. - Cash and cash equivalents decreased by 38.68% to ¥273.44 million due to large cash dividend payments during the reporting period[20]. - Cash flow from operating activities showed a net outflow of CNY 147,212,061.40, improving from a net outflow of CNY 298,324,974.65 in the previous year[81]. - The company reported a decrease in cash inflow from operating activities, totaling CNY 2,309,280,904.33, down from CNY 2,815,423,912.06 in the previous year[79]. - The total cash and cash equivalents at the end of Q3 2020 amounted to 186,992,630.43 CNY, a decrease from 372,504,945.71 CNY at the beginning of the period[86]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,564,939,994.69, a decrease of 6.33% compared to the end of the previous year[8]. - Current liabilities rose to CNY 650,136,813.43, compared to CNY 549,354,510.46, marking an increase of about 18.3%[48]. - The company's total equity reached CNY 1,896,032,037.33, an increase from CNY 1,852,413,384.42, indicating a growth of about 2.4%[50]. - The total liabilities increased to CNY 668,907,957.36 from CNY 559,941,438.74, marking an increase of approximately 19.5%[48]. - The company’s total liabilities amounted to 549,354,510.46 CNY in current liabilities, reflecting its short-term financial obligations[91]. Shareholder Information - The company reported a total of 20,342 common shareholders at the end of the reporting period[12]. - The largest shareholder, Zheng Youshui, holds 56.83% of the shares, totaling 246,000,000 shares[12]. Government Support and Subsidies - The company received government subsidies amounting to ¥4,130,156.22 during the reporting period[8]. Research and Development - R&D expenses decreased by 35.27% to ¥3.01 million, attributed to reduced material usage during the reporting period[22]. - Research and development expenses for the current period are ¥3,013,369.20, down 35.3% from ¥4,655,567.44 in the previous period[69]. Financial Management - Financial expenses decreased by 33.95% to ¥9.09 million, benefiting from increased interest income from temporarily idle funds during the pandemic[22]. - Financial expenses decreased to ¥4,462,200.65 from ¥5,619,640.90 in the previous period, showing improved financial management[58]. Investment Activities - The company secured a project bid worth ¥132.95 million, representing 3.46% of its audited revenue for the previous year[24]. - The company raised a total of ¥496 million from its public offering, with a net amount of ¥457.38 million after deducting issuance costs[33]. Compliance and Governance - The company has not reported any violations regarding external guarantees during the reporting period[38]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[39]. - The company has not engaged in any significant contracts or investment activities that would impact its financial performance during the reporting period[40].