[Major Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) This section provides an overview of the company's key financial performance and position, including major accounting data, financial indicators, and analysis of significant changes [Major Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%80%E3%80%81%28%E4%B8%80%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved significant performance growth in the first three quarters of 2021 (year-to-date), with operating revenue increasing by **83.85%** year-on-year and net profit attributable to parent company shareholders increasing by **69.55%**. However, the third quarter alone saw a decline in performance, with operating revenue decreasing by **25.96%** year-on-year and net profit attributable to parent company shareholders sharply decreasing by **62.13%** Major Financial Indicators for Q3 2021 and Year-to-Date | Indicator | Current Period (Q3) | YoY Change (Current Period) | Year-to-Date (YTD) | YoY Change (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 72,290,195.11 | -25.96% | 310,974,882.50 | 83.85% | | Net Profit Attributable to Shareholders (Yuan) | 9,053,392.94 | -62.13% | 51,020,921.12 | 69.55% | | Net Profit Attributable to Shareholders (Excl. Non-recurring) (Yuan) | 7,492,493.43 | -56.65% | 40,478,042.41 | 151.51% | | Net Cash Flow from Operating Activities (Yuan) | — | — | -26,197,212.31 | -122.26% | | Basic EPS (Yuan/share) | 0.06 | -62.17% | 0.34 | 70.00% | | Total Assets (Yuan) | 977,714,205.90 | 2.45% (vs. end of prior year) | 977,714,205.90 | 2.45% (vs. end of prior year) | | Total Equity Attributable to Shareholders (Yuan) | 698,492,470.24 | 6.74% (vs. end of prior year) | 698,492,470.24 | 6.74% (vs. end of prior year) | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=%E4%B8%80%E3%80%81%28%E4%BA%8C%29%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Year-to-date, the company's total non-recurring gains and losses amounted to **10.54 million Yuan**, primarily from government grants (**9.26 million Yuan**) and entrusted investment income (**2.69 million Yuan**), significantly contributing to current net profit Non-recurring Gains and Losses Items (Year-to-Date) | Item | Amount Year-to-Date (Yuan) | Description | | :--- | :--- | :--- | | Government grants recognized in current profit or loss | 9,256,120.34 | Mainly R&D grants from government | | Gains/losses from entrusted investments or asset management | 2,690,918.25 | - | | Other non-operating income and expenses | 519,326.41 | - | | **Total** | **10,542,878.71** | **--** | [Analysis of Changes and Reasons for Major Financial Data](index=2&type=section&id=%E4%B8%80%E3%80%81%28%E4%B8%89%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, several of the company's financial indicators changed significantly. On the asset side, cash and cash equivalents decreased sharply by **47.89%** due to the purchase of wealth management products, while other current assets surged by **2565.12%**. On the income statement, operating revenue increased by **83.85%** year-on-year for the year-to-date period, driven by increased order delivery, but selling expenses also grew substantially by **95.18%** due to business expansion. Financial expenses significantly decreased due to increased interest income from large deposits Changes and Reasons for Major Balance Sheet Items | Item | Period-end Balance (Yuan) | Change | Reason for Change | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | 231,646,799.41 | -47.89% | Mainly due to wealth management products not yet matured in this period | | Other current assets | 194,230,620.91 | 2565.12% | Mainly due to new purchases of wealth management products in this period | | Salaries and wages payable | 1,736,910.71 | -81.74% | Mainly due to bonuses accrued at the end of last year being paid in this period | Changes and Reasons for Major Income Statement Items (Year-to-Date) | Item | Current Period Amount (Yuan) | Change | Reason for Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 310,974,882.50 | 83.85% | Mainly due to increased order delivery and acceptance year-on-year in this period | | Selling Expenses | 35,836,345.13 | 95.18% | Mainly due to increased staff salaries and after-sales expenses resulting from increased operating revenue in this period | | Financial Expenses | -5,575,961.65 | 1864.66% | Mainly due to increased interest income from large deposits this year | | Investment Income | 2,690,918.25 | -48.69% | Mainly due to decreased wealth management income year-on-year in this period | | Asset Impairment Losses | -14,373,116.20 | -100.00% | Mainly due to inventory impairment provisions made in this period | [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) This section details the company's shareholder structure, including the total number of shareholders and the holdings of the top ten shareholders [Shareholder Holdings](index=3&type=section&id=%E4%BA%8C%E3%80%81%28%E4%B8%80%29%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had a total of **28,503 common shareholders**. The equity structure is highly concentrated, with controlling shareholder Xu Shixiong and his persons acting in concert (Xu Yanming, Xu Liang) and relatives (Xu Menglin) holding a significant combined stake, exerting substantial influence over the company - As of the end of the reporting period, the company had a total of **28,503 common shareholders**[11](index=11&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Xu Shixiong | Domestic Natural Person | 37.66% | 57,375,000 | | Xu Yanming | Domestic Natural Person | 6.32% | 9,632,835 | | Xu Liang | Domestic Natural Person | 4.80% | 7,312,500 | | Xu Menglin | Domestic Natural Person | 1.14% | 1,736,100 | - Explanation of related party relationships among shareholders: Xu Yanming is Xu Shixiong's sister, Xu Liang is Xu Shixiong's son, and the three are persons acting in concert; Xu Menglin is Xu Shixiong's brother[12](index=12&type=chunk) [Other Significant Matters](index=4&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section addresses any other significant matters requiring disclosure during the reporting period [Other Significant Matters](index=4&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) During the reporting period, the company had no other significant matters requiring disclosure - The company had no other significant matters in the current reporting period[13](index=13&type=chunk) [Quarterly Financial Statements](index=4&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated financial statements for the reporting period [Financial Statements](index=4&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%80%29%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated financial statements for the reporting period [Consolidated Balance Sheet](index=4&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2021, the company's total assets were **977.71 million Yuan**, a **2.45%** increase from the beginning of the year. Total liabilities were **266.67 million Yuan**, a **7.73%** decrease from the beginning of the year, indicating an optimized asset-liability structure. Total equity attributable to parent company shareholders was **698.49 million Yuan**, a **6.74%** increase from the beginning of the year, primarily due to accumulated profits Key Balance Sheet Data | Item | September 30, 2021 (Yuan) | December 31, 2020 (Yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 977,714,205.90 | 954,379,446.82 | 2.45% | | Total Liabilities | 266,669,840.86 | 288,997,387.08 | -7.73% | | Total Equity Attributable to Parent Company Shareholders | 698,492,470.24 | 654,395,730.04 | 6.74% | [Consolidated Income Statement (Year-to-Date)](index=7&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) In the first three quarters of 2021, the company achieved total operating revenue of **310.97 million Yuan**, an **83.85%** year-on-year increase. Operating profit was **61.48 million Yuan**, up **74.39%** year-on-year. Net profit attributable to parent company shareholders was **51.02 million Yuan**, a **69.55%** year-on-year increase, indicating sustained strengthening of profitability. Basic earnings per share were **0.34 Yuan** Key Income Statement Data (Year-to-Date) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 310,974,882.50 | 169,142,917.77 | 83.85% | | Operating Profit | 61,481,986.17 | 35,255,135.15 | 74.39% | | Net Profit Attributable to Parent Company Shareholders | 51,020,921.12 | 30,091,929.72 | 69.55% | | Basic EPS | 0.34 | 0.20 | 70.00% | [Consolidated Cash Flow Statement (Year-to-Date)](index=9&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In the first three quarters of 2021, net cash flow from operating activities was **-26.20 million Yuan**, turning negative year-on-year, indicating tight operating cash flow. Net cash outflow from investing activities was **190 million Yuan**, primarily for purchasing wealth management products. Net cash outflow from financing activities was **12.81 million Yuan**. The period-end balance of cash and cash equivalents significantly decreased by **229 million Yuan** compared to the beginning of the period Key Cash Flow Statement Data (Year-to-Date) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -26,197,212.31 | 117,681,720.80 | | Net Cash Flow from Investing Activities | -189,959,006.41 | -297,474,542.22 | | Net Cash Flow from Financing Activities | -12,809,047.70 | 36,313,048.35 | | Net Increase in Cash and Cash Equivalents | -228,965,266.42 | -143,479,773.07 | [Explanation of Financial Statement Adjustments](index=11&type=section&id=%E5%9B%9B%E3%80%81%28%E4%BA%8C%29%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E8%B0%83%E6%95%B4%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company adopted new leasing standards for the first time starting in 2021; however, as its existing leased assets are low-value or short-term leases, simplified treatment was applied, thus no adjustments were required for relevant balance sheet accounts at the beginning of the year - The company did not adjust its opening financial statements when first adopting new leasing standards, as its leased assets are low-value or short-term operating leases[24](index=24&type=chunk) [Audit Report](index=11&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%89%29%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This quarterly report has not been audited - The company's Q3 2021 report has not been audited[25](index=25&type=chunk)

证券代码：002903 证券简称：宇环数控 公告编号：2021-061 宇环数控机床股份有限公司关于 参加 2021 年湖南辖区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，使广大投资者能更深入全面了解公司情 况，宇环数控机床股份有限公司（以下简称"公司"）将参加由中国证券监督管 理委员会湖南监管局主办、湖南省上市公司协会与深圳市全景网络有限公司协办 的"2021 年湖南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： 本次投资者网上接待日活动将通过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/）参与公司本次投资者网上集体接待 日活动，活动时间为 2021 年 9 月 24 日（周五）15:00-17:00。 届时公司董事会秘书易欣女士、证券事务代表孙勇先生将通过网络在线交流 形式，就公司治理、经营与发展等问题与投资者进行沟通交流 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 238,684,687.39, representing a 233.78% increase compared to CNY 71,509,229.66 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 41,967,528.18, a significant increase of 578.70% from CNY 6,183,512.20 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 32,985,548.98, compared to a loss of CNY 1,190,514.47 in the same period last year, marking a 2,870.70% increase[20]. - The basic earnings per share increased to CNY 0.2798, up 579.13% from CNY 0.0412 in the previous year[20]. - The total profit amounted to ¥53,124,240.84, reflecting a 607.42% increase from ¥7,509,570.87, driven by increased order deliveries and acceptance[42]. - The net profit for the period was ¥44,815,117.47, marking a 634.83% increase from ¥6,098,722.06 in the previous year[42]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,015,945,846.31, reflecting a 6.45% increase from CNY 954,379,446.82 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were CNY 686,921,651.98, an increase of 4.97% from CNY 654,395,730.04 at the end of the previous year[20]. - Total liabilities as of June 30, 2021, were CNY 315,057,476.01, compared to CNY 288,997,387.08 at the end of 2020, showing an increase of about 9.0%[123]. - The company's total equity rose to ¥681.18 million, compared to ¥655.54 million, reflecting an increase of 3.9%[128]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 5,218,810.83, a decrease of 118.72% compared to CNY 27,878,861.40 in the same period last year[20]. - The company reported a cash flow from operating activities of -¥5,218,810.83, a decline of 118.72% from ¥27,878,861.40, attributed to increased procurement payments and employee compensation[41]. - The company's investment activities generated a cash flow of -¥98,079,857.48, a 25.73% increase in outflow compared to -¥78,005,224.59 from the previous year[41]. - The overall cash position decreased by 107,457,023.35 CNY, highlighting liquidity pressures during the reporting period[143]. Research and Development - The company invested 5.38% of its sales revenue in R&D during the reporting period, highlighting its commitment to innovation[35]. - Research and development investment increased by 61.53% to ¥12,835,321.14, driven by higher expenditures on new product development[41]. - The company holds 225 patents and has established three major research and innovation platforms, enhancing its core technological advantages in precision grinding and intelligent equipment[35]. Market and Sales Strategy - The growth in consumer electronics revenue was driven by the recovery of purchasing power post-pandemic and the demand for 5G smartphones, leading to a rapid increase in smartphone shipments[32]. - The company has maintained long-term stable partnerships with key players in the consumer electronics sector, contributing to its strong market reputation and brand influence[36]. - The company’s sales strategy combines direct sales and agency models to enhance brand recognition and expand sales channels[30]. Risks and Challenges - The company faces risks from external economic changes and market uncertainties, particularly in the consumer electronics and automotive parts sectors[57]. - The company is facing risks from fluctuations in raw material prices, particularly steel and electric motor products, and plans to innovate processes to reduce material usage and waste[58]. - The company has a high customer concentration risk, with the top five customers accounting for a significant portion of sales, prompting efforts to diversify its customer base and expand into new markets[58]. Shareholder and Equity Information - The total number of shares increased from 152,035,000 to 152,400,000 due to the issuance of 365,000 restricted shares under the incentive plan[99]. - The company has a total of ¥109,405,337.00 in restricted cash, including various guarantees and deposits[51]. - The company’s shareholding structure shows that 40.57% of shares are held by domestic individuals, while 59.43% are held as unrestricted shares[98]. Compliance and Governance - The semi-annual financial report was not audited[77]. - The company has not faced any environmental penalties during the reporting period and is not classified as a key pollutant discharge unit[68]. - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties[75]. Accounting Policies - The company's financial statements comply with the enterprise accounting standards, ensuring transparency and accuracy in reporting[161]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, measuring them initially at fair value[170]. - The company assesses credit risk for financial instruments at each balance sheet date to determine if there has been a significant increase in credit risk since initial recognition[178].

Financial Performance - The company's operating revenue for Q1 2021 was ¥112,145,043.26, representing a 411.33% increase compared to ¥21,931,950.03 in the same period last year[7] - Net profit attributable to shareholders was ¥25,224,485.40, a significant turnaround from a loss of ¥4,219,119.44, marking a 697.86% increase year-over-year[7] - The net profit after deducting non-recurring gains and losses was ¥17,445,261.11, compared to a loss of ¥9,052,569.19 in the previous year, reflecting a 292.71% improvement[7] - The basic earnings per share increased to ¥0.17 from a loss of ¥0.03, showing a 697.99% growth[7] - The weighted average return on equity rose to 3.77%, up from -0.70% in the same period last year, an increase of 4.47 percentage points[7] - The total profit increased by 759.89% to RMB 27,841,653.71, as a result of higher order deliveries and acceptance[16] - The company forecasts a net profit attributable to shareholders of approximately CNY 35 million for the first half of 2021, representing a significant increase of 466.02% compared to the same period last year[24] - The basic earnings per share are expected to rise to CNY 0.2333, reflecting a growth of 466.26% year-over-year[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥944,707,654.32, a slight decrease of 1.01% from ¥954,379,446.82 at the end of the previous year[7] - The net assets attributable to shareholders increased by 4.26% to ¥682,266,522.52 from ¥654,395,730.04 at the end of the previous year[7] - The company's total assets decreased to CNY 892,256,775.43 from CNY 940,538,504.94 in the previous period[39] - The company's total liabilities decreased to CNY 252.46 million from CNY 288.99 million at the end of 2020[35] - Total liabilities were reported at CNY 217,396,865.41, down from CNY 284,996,909.68 year-over-year[39] Cash Flow and Investments - Cash received from sales of goods and services increased by 433.20% to RMB 88,384,220.24, attributed to higher operating revenue[16] - The cash flow from operating activities showed a net outflow of CNY 6,252,013.37, an improvement from a net outflow of CNY 17,816,394.74 in the prior year[51] - The company reported cash inflows from investment activities of CNY 104,649,265.14, compared to CNY 112,305,734.93 in the previous year[51] - The cash inflow from financing activities resulted in a net inflow of CNY 2,492,950.00, with no outflows reported during the period[52] - The company received cash from investment income amounting to 276,380.82, a decrease from 1,305,734.93 in the previous year[55] Research and Development - Research and development expenses rose by 113.94% to RMB 6,801,281.02, reflecting increased investment in new product development[15] - Research and development expenses for the quarter were CNY 6,801,281.02, up from CNY 3,179,047.67 in the previous year, indicating a focus on innovation[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,195[11] - The largest shareholder, Xu Shixiong, holds 37.74% of the shares, totaling 57,375,000 shares[11] Contracts and Revenue Recognition - A major contract was signed with Chengdu Jabil for CNC multi-station polishing machine equipment, valued at CNY 339.40 million, with 100% completion and revenue recognition of CNY 300.36 million[25] Miscellaneous - The company received government subsidies amounting to ¥8,411,957.00, primarily for research and development support[8] - The first quarter report was not audited, which may affect the reliability of the financial data presented[58] - The company did not report any cash received from the disposal of subsidiaries or other operating units[55]

Financial Performance - The company's operating revenue for 2020 was CNY 304,294,076.97, representing a 327.22% increase compared to CNY 71,227,307.17 in 2019[16] - The net profit attributable to shareholders for 2020 reached CNY 43,345,049.87, a significant increase of 995.46% from CNY 3,956,778.62 in the previous year[16] - The net profit after deducting non-recurring gains and losses was CNY 26,252,673.86, compared to a loss of CNY 24,476,188.89 in 2019, marking a 207.26% improvement[16] - The net cash flow from operating activities was CNY 93,567,883.00, up 63.39% from CNY 57,266,912.44 in 2019[16] - Basic earnings per share for 2020 were CNY 0.29, an increase of 866.67% from CNY 0.03 in the previous year[16] - Total assets at the end of 2020 amounted to CNY 954,379,446.82, reflecting a 42.35% increase from CNY 670,434,227.59 at the end of 2019[16] - The net assets attributable to shareholders were CNY 654,395,730.04, which is a 7.99% increase from CNY 606,001,452.38 at the end of 2019[16] - The weighted average return on equity for 2020 was 6.89%, up from 0.65% in 2019[16] Revenue and Profit Trends - In Q1 2020, the company reported a revenue of ¥21,931,950.03, which increased to ¥135,151,159.20 by Q4 2020, showing a significant growth trend throughout the year[21] - The net profit attributable to shareholders was negative in Q1 at -¥4,219,119.44, but turned positive in Q2 with ¥10,402,631.64, reaching ¥13,253,120.15 in Q4[21] - Revenue from the consumer electronics manufacturing sector was ¥284,703,255.50, accounting for 93.56% of total revenue, with a year-on-year growth of 733.31%[53] - The company sold 927 units in 2020, a 186.11% increase from 324 units in 2019, indicating strong demand for its products[57] Investments and R&D - The company invested in establishing Hunan Yuhuan Precision Manufacturing Co., enhancing its capabilities in precision CNC grinding and polishing machines[45] - The establishment of the Intelligent Control Technology Joint Laboratory aims to achieve breakthroughs in key industry technologies and improve product stability[47] - Research and development expenses for 2020 were ¥29,421,738.70, a 97.83% increase from ¥14,872,418.00 in 2019, representing 9.67% of total revenue[66] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[112] Cash Flow and Dividends - The company plans to distribute a cash dividend of CNY 1 per 10 shares, based on a total of 152,035,000 shares[4] - The cash dividend distribution represents 35.08% of the net profit attributable to the company's ordinary shareholders for the year 2020, which was RMB 43,345,049.87[108] - The company’s retained earnings available for distribution as of December 31, 2020, amounted to RMB 209,902,313.50[109] - The cash dividend policy has been confirmed to comply with the company's articles of association and shareholder resolutions[103] Market Position and Strategy - The company aims to become a leader in the CNC grinding equipment and intelligent manufacturing sector, leveraging its technological innovation and smart manufacturing[32] - The company plans to enhance its information technology infrastructure, including ERP and MES systems, to improve digital and intelligent production capabilities[92] - Market expansion plans include entering two new international markets by Q3 2021, targeting a 5% market share in each[113] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[111] Corporate Governance and Compliance - The company has maintained compliance with all commitments made to minority shareholders[116] - The company has not faced any penalties or corrective actions during the reporting period[123] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[117] - The company has retained its current accounting firm for 7 years, with the audit team having served for 2 years[121] Employee and Management Compensation - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 463.32 million CNY[198] - The remuneration for the chairman, Xu Shixiong, was 0.9531 million CNY, while the general manager, Xu Yanming, received 0.7815 million CNY[196] - The remuneration decision for directors and senior management is based on job responsibilities, performance, and company operational metrics[196] - The company has a total of 395 employees, with 259 in the parent company and 136 in major subsidiaries[200]

Financial Performance - Operating revenue reached CNY 97,633,688, a significant increase of 712.46% year-on-year[7] - Net profit attributable to shareholders surged by 2,266.06% to CNY 23,908,417[7] - Basic earnings per share rose to CNY 0.1594, reflecting a 2,254.05% increase compared to the same period last year[7] - The company reported a net profit of CNY 30,091,929.72 for the year-to-date, up 438.84% compared to the same period last year[7] - The company reported a net profit of CNY 199,311,473.56, an increase from CNY 169,219,543.84, representing a growth of approximately 17.8%[35] - The net profit attributable to the parent company was CNY 30.09 million, compared to a net loss of CNY 8.88 million in the previous year, indicating a turnaround in profitability[51] - The total operating revenue for the consolidated year-to-date period was ¥169,142,917.77, compared to ¥40,343,256.12 in the previous year[48] - The company's operating revenue for the third quarter reached CNY 164.41 million, a significant increase from CNY 37.21 million in the same period last year, representing a growth of approximately 341.5%[53] Cash Flow and Liquidity - Net cash flow from operating activities was CNY 89,802,859, an increase of 5,811.56% year-on-year[7] - The company reported a net cash flow from operating activities of CNY 117.68 million, up from CNY 43.93 million in the previous year, reflecting enhanced operational efficiency[58] - The net cash flow from operating activities for the current period is CNY 144,149,037.31, a significant increase from CNY 38,809,804.95 in the previous period, representing a growth of approximately 271%[60] - The total cash inflow from investment activities is CNY 314,957,222.97, while cash outflow is CNY 546,674,572.97, resulting in a net cash flow of -CNY 231,717,350.00, compared to -CNY 34,014,667.59 in the previous period[60] - The company reported a net cash flow from financing activities of CNY 12,331,115.00, recovering from a net outflow of -CNY 15,000,000.00 in the previous period[62] - The cash and cash equivalents decreased to CNY 112,210,898.20 from CNY 217,327,223.39, a decline of 48.2%[32] - The total cash and cash equivalents at the end of the period is CNY 16,354,437.59, down from CNY 17,436,471.23 in the previous period, indicating a decrease of approximately 6.2%[62] Assets and Liabilities - Total assets increased by 46.33% to CNY 981,021,694 compared to the end of the previous year[7] - The company's total liabilities increased significantly, with accounts payable rising by 96.71% to ¥85,275,907.90[15] - Total liabilities reached CNY 330,733,321.84, compared to CNY 64,432,775.21 at the end of 2019, indicating a rise of 413.5%[34] - The company's equity increased to CNY 650,288,372.16, up from CNY 606,001,452.38, reflecting a growth of 7.3%[35] - Current assets rose to CNY 779,373,093.55, a significant increase of 56.7% compared to CNY 497,281,936.94 at the end of 2019[32] - Total liabilities amounted to CNY 64,432,775.21, with non-current liabilities totaling CNY 11,097,975.33[67] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,610[11] - The largest shareholder, Xu Shixiong, holds 37.74% of the shares, amounting to 57,375,000 shares[11] Research and Development - Research and development expenses increased by 45.39% to ¥17,479,627.78, indicating a rise in R&D investment[16] - Research and development expenses rose to ¥9,533,547.75 from ¥2,512,210.12, reflecting a focus on innovation[41] - Research and development expenses amounted to CNY 10.48 million, slightly increasing from CNY 9.72 million year-over-year, indicating continued investment in innovation[53] Investment Activities - The total amount of raised funds is CNY 27,267.44 million, with CNY 2,771.39 million invested in the current year[21] - Cumulative investment of raised funds reached CNY 12,035.81 million, representing 44.14% of the total commitment[21] - The company has invested CNY 14,700 million in bank wealth management products using idle self-owned funds, with a remaining balance of CNY 14,100 million[25] - An additional CNY 16,700 million has been invested in bank wealth management products using idle raised funds, with a remaining balance of CNY 7,500 million[25] Other Financial Metrics - Non-recurring gains and losses totaled CNY 13,997,698.87, primarily from government subsidies and investment income[8] - The weighted average return on net assets was 3.86%, a decrease from 4.83% at the beginning of the year[7] - The company achieved other income of CNY 10.45 million, up from CNY 5.57 million year-over-year, contributing positively to overall financial performance[50] - The total comprehensive income for the current period was ¥22,558,252.97, a turnaround from a loss of ¥1,103,775.99 in the prior period[43] Compliance and Governance - The company has not reported any violations regarding external guarantees during the reporting period[26] - There are no non-operational fund occupations by controlling shareholders or related parties during the reporting period[26]

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Financial Performance - The company's operating revenue for the first half of 2020 was ¥71,509,229.66, representing a 152.45% increase compared to ¥28,326,271.71 in the same period last year[17]. - The net profit attributable to shareholders was ¥6,183,512.20, a significant turnaround from a loss of ¥7,777,154.56 in the previous year, marking a 179.51% improvement[17]. - The basic earnings per share improved to ¥0.0412 from a loss of ¥0.0518, reflecting a 179.54% increase[17]. - The company achieved operating revenue of 71.51 million yuan and a net profit of 6.18 million yuan, with earnings per share of 0.0412 yuan, showing significant growth compared to the same period last year[29]. - The total comprehensive income for the first half of 2020 was ¥6,098,722.06, recovering from a loss of ¥7,777,154.56 in the same period of 2019[157]. - The total comprehensive income for the first half of 2020 was CNY 6,773,326.82, a decrease of 4,031,013.55 compared to the same period in 2019[161]. - The estimated cumulative net profit for the period from the beginning of the year to the next reporting period is projected to be between 21 million and 28 million yuan, representing a year-on-year increase of 336.46% to 415.28%[78]. Cash Flow and Investments - The net cash flow from operating activities decreased by 38.73% to ¥27,878,861.40 from ¥45,503,520.16 in the prior year[17]. - The company's investment activities resulted in a net cash outflow of 78,005,224.59 CNY, a decrease of 238.51% compared to the previous year[47]. - Cash inflow from operating activities was CNY 122,358,229.09, down from CNY 135,798,322.72 in the first half of 2019, representing a decline of approximately 9.5%[164]. - The net cash flow from investment activities was -CNY 78,005,224.59, compared to a positive CNY 56,318,450.82 in the same period last year[165]. - The company reported a net cash inflow from financing activities of CNY 26,831,115.00, compared to a net outflow of -CNY 15,000,000.00 in the same period last year[165]. Assets and Liabilities - The total assets of the company increased by 19.83% to ¥803,407,087.44 compared to ¥670,434,227.59 at the end of the previous year[17]. - The company's total liabilities as of the end of the reporting period were ¥173,886,341.71, compared to ¥46,620,341.79 in the previous year, reflecting a substantial increase[153]. - Total liabilities rose to CNY 187,471,372.86 from CNY 64,432,775.21, representing an increase of about 190.5%[148]. - The company's equity attributable to shareholders increased slightly to CNY 613,020,504.72 from CNY 606,001,452.38, a growth of about 1.2%[149]. Research and Development - The company has established four major research and innovation platforms, enhancing its technological research and development capabilities[32]. - Research and development expenses decreased by 16.44% to 7,946,080.03 CNY, primarily due to reduced material requisition[47]. - The company established Hunan Yuhuan Precision Manufacturing Co., Ltd. to enhance research and development in precision CNC grinding and polishing machines[42]. - The company is actively pursuing technological innovation to maintain its competitive edge in the high-end equipment manufacturing and consumer electronics sectors[81]. Market and Sales - Sales of CNC grinding and polishing machines generated revenue of 64.98 million yuan during the reporting period[30]. - The revenue from the consumer electronics manufacturing sector surged by 351.54% to 68,280,415.82 CNY, accounting for 95.48% of total revenue[49]. - The gross profit margin for the consumer electronics manufacturing sector was 40.89%, an increase of 8.18% compared to the same period last year[50]. - The CNC grinding and polishing segment saw revenue of ¥64,981,932.50, a significant increase of 423.37% year-on-year, with a gross profit margin of 40.23%[51]. Risks and Challenges - The company faces potential risks in its future operations, which are detailed in the report[5]. - The company is facing risks related to raw material price fluctuations and is implementing measures to mitigate these impacts[82]. - The company plans to strengthen its marketing system and R&D investment to adapt to market changes and enhance its overall risk resistance[80]. Corporate Governance and Compliance - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[88]. - The company has a commitment to maintain the integrity of financial reporting, which is being fulfilled normally[91]. - The company has not reported any issues or problems regarding the use and disclosure of raised funds during the reporting period[67]. - The financial report for the first half of 2020 was not audited, which may affect the reliability of the financial data presented[144]. Shareholder Information - The annual shareholders' meeting had a participation rate of 54.55% on April 24, 2020[86]. - The first extraordinary shareholders' meeting had a participation rate of 57.25% on May 20, 2020[86]. - The company has not engaged in any major asset or equity sales during the reporting period[73][74]. - The company reported a total of 27,900,000 RMB in entrusted financial management, with an outstanding balance of 14,900,000 RMB[113].

Financial Performance - The company's operating revenue for Q1 2020 was ¥21,931,950.03, representing a 171.68% increase compared to ¥8,072,789.68 in the same period last year[8] - The net profit attributable to shareholders was -¥4,219,119.44, an improvement of 45.11% from -¥7,686,865.00 year-over-year[8] - The basic earnings per share were -¥0.0281, improving by 45.12% from -¥0.0512 in the same period last year[8] - Operating revenue increased by 171.68% to ¥21,931,950.03 compared to ¥8,072,789.68, primarily driven by increased sales of CNC grinding and polishing products[15] - Net profit improved by 45.11% to -¥4,219,119.44 from -¥7,686,865.00, indicating a reduction in losses driven by increased revenue[15] - Operating profit for Q1 2020 was a loss of CNY 4,167,443.80, improving from a loss of CNY 7,999,306.82 year-over-year[38] - Total comprehensive loss for Q1 2020 was CNY 2,749,551.90, an improvement from a loss of CNY 6,539,222.68 year-over-year[43] Cash Flow - The net cash flow from operating activities was -¥17,816,394.74, a significant decline of 991.31% compared to ¥1,998,901.26 in the previous year[8] - Cash flow from operating activities turned negative at -¥17,816,394.74, a decline of 991.31% compared to ¥1,998,901.26, mainly due to decreased sales collections[16] - The net cash flow from operating activities for Q1 2020 was -¥9,272,926.83, compared to -¥690,402.10 in the same period last year, indicating a significant decline in operational performance[49] - Cash inflow from sales of goods and services was ¥14,410,101.26, significantly lower than ¥35,631,487.87 in the same quarter last year, showing a decline in revenue generation[49] - The total cash inflow from investment activities was ¥112,305,734.93, a substantial increase from ¥25,480,666.67 in the previous year, primarily driven by cash recovered from investments[49] - The net cash flow from investment activities was -¥58,727,665.07, worsening from -¥1,370,929.33 year-over-year, reflecting increased investment expenditures[49] - The total cash outflow for investment activities reached ¥171,033,400.00, compared to ¥26,851,596.00 in the previous year, reflecting aggressive investment strategies[49] Assets and Liabilities - The total assets at the end of the reporting period were ¥672,829,476.98, a slight increase of 0.36% from ¥670,434,227.59 at the end of the previous year[8] - The total liabilities increased to ¥70,939,655.99 from ¥64,432,775.21, indicating a rise of approximately 10%[30] - The total equity attributable to shareholders decreased to ¥601,889,820.99 from ¥606,001,452.38, showing a decline of about 0.2%[31] - Cash and cash equivalents decreased significantly from ¥97,173,015.82 to ¥30,642,141.97, representing a decline of approximately 68%[31] - Accounts receivable rose to ¥75,941,558.90 from ¥69,905,243.07, marking an increase of about 8%[31] - The company's inventory slightly decreased from ¥106,024,821.26 to ¥105,447,844.06, a reduction of about 0.5%[31] - The total current liabilities increased to ¥60,057,087.82 from ¥53,334,799.88, reflecting an increase of approximately 12.5%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,186[11] - The largest shareholder, Xu Shixiong, holds 38.25% of the shares, totaling 57,375,000 shares[11] Government Support and Future Outlook - The company received government subsidies amounting to ¥2,634,027.06 during the reporting period[9] - The company expects to turn a profit in the first half of 2020, projecting a net profit of ¥4,000,000 to ¥6,000,000, compared to a net loss of ¥777,720 in the same period last year[18] - The company plans to enhance market expansion and technology development to improve product conversion rates and increase sales revenue[18] Research and Development - Research and development expenses decreased by 46.49% to ¥3,179,047.67 from ¥5,940,653.38 due to reduced material usage[15] - Research and development expenses for Q1 2020 were CNY 2,289,567.25, down from CNY 5,323,517.02 in the same period last year[41]

Financial Performance - The company's operating revenue for 2019 was ¥71,227,307.17, a decrease of 64.34% compared to ¥199,746,726.16 in 2018[20] - The net profit attributable to shareholders for 2019 was ¥3,956,778.62, down 88.48% from ¥34,346,272.76 in the previous year[20] - The net profit after deducting non-recurring gains and losses was -¥24,476,188.89, a decline of 340.03% compared to ¥10,197,343.20 in 2018[20] - Basic earnings per share decreased to ¥0.03, down 86.96% from ¥0.23 in the previous year[20] - Total assets at the end of 2019 were ¥670,434,227.59, a decrease of 6.87% from ¥719,921,882.04 at the end of 2018[20] - The weighted average return on equity was 0.65%, down 4.95% from 5.60% in 2018[20] - The company reported a total revenue of 11,600,047,000 CNY, with a net profit of 2,758,995,000 CNY, reflecting a profit margin of approximately 23.7%[94] - The company reported a revenue of 1.2 billion yuan for the fiscal year 2019, representing a year-over-year growth of 15%[167] Cash Flow and Investments - The net cash flow from operating activities improved to ¥57,266,912.44, a 176.20% increase from -¥75,156,582.33 in 2018[20] - The company's cash and cash equivalents increased by 246.94% compared to the beginning of the year, primarily due to the redemption of structured deposit financial products[37] - The total cash dividend for 2018 was CNY 15 million, representing 43.67% of the net profit attributable to ordinary shareholders[109] - The company did not distribute any cash dividends or bonus shares for 2019, citing the need for retained earnings to support long-term development strategies[109] - The company plans to utilize up to CNY 200.00 million of idle fundraising for cash management, investing in safe and liquid financial products[88] Business Operations and Strategy - The company has not changed its main business since its listing[19] - The company is focusing on expanding its intelligent equipment business, particularly in logistics and automation solutions[30] - The company is committed to upgrading precision and efficient intelligent grinding equipment, with a total investment commitment of RMB 17,767.00 million, of which RMB 2,560.1 million has been utilized[85] - The company plans to enhance its product line and increase international market share, focusing on the 3C industry and related enterprises[97] - The company aims to deepen internal reforms to improve operational efficiency, emphasizing high-quality products to gain market differentiation[99] Research and Development - The total R&D investment for 2019 was 14,872,418.00 yuan, accounting for 20.88% of operating revenue, a significant increase of 12.91% from the previous year[68] - The company successfully developed five new products in 2019, achieving international advanced technology levels[46] - The company applied for 43 patents in 2019, a 95.45% increase from the previous year, bringing the total to 102 patents[47] - The company is investing 100 million yuan in R&D for new technologies aimed at improving machine efficiency by 30%[117] Market Challenges and Opportunities - The company faced challenges in 2019 due to a decline in orders from major users like automotive and 3C sectors, alongside intense market competition[33] - The overall machine tool industry in China experienced a downturn in 2019, with a 2.7% decrease in revenue and a 23.8% drop in total profit across the industry[33] - The introduction of 5G technology is expected to provide new opportunities for the machine tool industry, driving transformation and upgrades in the sector[35] Shareholder and Equity Information - The company has not sold any significant assets during the reporting period[92] - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[151] - The total number of shares is 150,000,000, with 84,000,000 shares (56.00%) under limited sale conditions and 66,000,000 shares (44.00%) under unrestricted sale conditions[146] - The largest shareholder, Xu Shixiong, holds 38.25% of the shares, amounting to 57,375,000 shares[149] Corporate Governance and Compliance - The company has established a comprehensive information disclosure management system to ensure timely and accurate communication with investors[192] - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, and finance[195] - The company has a fully independent financial department and accounting system, ensuring no interference from controlling shareholders in financial decisions[200] - The company has committed to sharing development results with investors while considering various factors related to profit distribution[109] Employee and Talent Management - The total number of employees in the company is 307, with 238 in the parent company and 69 in major subsidiaries[181] - The company emphasizes talent development through a combination of internal and external training programs to enhance employee skills and overall quality[185] - The remuneration for senior management is determined annually based on operational results and performance income[184] Social Responsibility - The company actively participates in social responsibility activities, including donations to impoverished schools and supporting employee development[139] - The company has not conducted any precision poverty alleviation work during the reporting year and has no subsequent plans[140]