Financial Performance - The company's operating revenue for Q3 2022 was CNY 297,890,691.59, a decrease of 0.65% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was CNY 3,485,643.39, down 75.20% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,807,355.88, a decline of 86.71% compared to the previous year[6]. - Net profit attributable to the parent company decreased by 54.86% to ¥28,080,967.56, primarily due to a reduction in overall profit[13]. - Net profit for the period was CNY 37,038,349.23, a decrease of 39.5% from CNY 61,339,861.40 in the same period last year[27]. - Earnings per share (EPS) decreased to CNY 0.2211 from CNY 0.5926, reflecting a decline of 62.7%[28]. - The company reported a total comprehensive income of CNY 44,697,661.03, down from CNY 63,944,205.13 in the same period last year[28]. Assets and Liabilities - The total assets at the end of Q3 2022 reached CNY 2,281,519,176.08, an increase of 24.32% from the end of the previous year[6]. - As of September 30, 2022, total assets reached RMB 2,281,519,176.08, an increase from RMB 1,835,164,815.25 at the beginning of the year, reflecting a growth of approximately 24.3%[22]. - Total current liabilities increased to RMB 669,328,932.48 from RMB 565,789,877.91, representing an increase of approximately 18.3%[23]. - The company's fixed assets increased to RMB 689,603,971.32 from RMB 588,440,654.41, showing a growth of approximately 17.2%[23]. - The total equity increased to RMB 1,288,464,283.79 from RMB 929,995,633.95, reflecting a growth of approximately 38.6%[23]. - The company’s long-term borrowings decreased to RMB 51,200,000.00 from RMB 75,100,000.00, a reduction of approximately 31.9%[23]. Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 64,379,171.56, up 484.91% year-to-date[6]. - Cash flow from operating activities generated a net inflow of CNY 64,379,171.56, significantly higher than CNY 11,006,613.95 in the previous period[29]. - The net cash flow from investment activities was -376,761,203.63 CNY, compared to -126,966,990.46 CNY in the previous period, indicating a significant increase in cash outflow for investments[30]. - Total cash inflow from financing activities reached 768,265,927.05 CNY, up from 230,290,877.72 CNY in the previous period, reflecting strong financing efforts[30]. - The net cash flow from financing activities was 337,748,365.40 CNY, compared to 14,882,833.47 CNY in the previous period, showing a substantial improvement[30]. - The cash and cash equivalents at the end of the period totaled 205,406,844.41 CNY, an increase from 127,197,299.15 CNY at the end of the previous period[30]. Market Challenges and Strategies - The company faced challenges due to a significant decline in the heavy truck and engineering machinery markets, exacerbated by ongoing COVID-19 impacts[10]. - The company is actively developing new high-value-added products and expanding its customer base to adapt to market changes[10]. - The company is focusing on continuous development of new technologies and products to lay a solid foundation for future growth[10]. Investments and Financing - The company reported a 90.27% increase in capital reserves due to funds raised from a non-public stock issuance[11]. - The company’s short-term borrowings increased by 61.33% to CNY 387,604,131.23, driven by increased operational funding needs[11]. - The company completed the acquisition of a 2.3981% stake in Shanghai Shenli Technology Co., investing RMB 36,931,037.00, and a 1.5877% stake for RMB 24,450,158.00[19]. - The number of shares released from lock-up was 25,601,208, accounting for 19.44% of the total shares, effective from September 23, 2022[20]. Other Financial Metrics - Financial expenses decreased by 55.38% to ¥9,655,026.19 due to increased exchange gains from currency fluctuations[13]. - Interest income increased by 206.17% to ¥2,404,221.45, attributed to higher deposit rates and increased funds from a private placement[13]. - Investment income rose by 378.51% to ¥2,428,734.06, mainly from interest accrued on large time deposits purchased with funds from a private placement[13]. - Cash received from tax refunds increased by 66.91% to ¥35,836,564.53, mainly due to higher export tax rebates[14]. - Cash received from other operating activities rose by 142.49% to ¥30,702,947.19, driven by increased tax refunds[14]. - Cash paid for various taxes decreased by 34.76% to ¥20,035,994.11, reflecting lower VAT and income tax payments[14]. - The company reported a total cash inflow from investment activities of 12,920,092.25 CNY, compared to 60,863,599.93 CNY in the previous period, indicating a decrease[30]. - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was 127,148,676.81 CNY, slightly down from 127,797,094.14 CNY in the previous period[30]. - The company experienced a foreign exchange impact on cash and cash equivalents of 4,967,404.20 CNY, contrasting with a negative impact of -450,165.66 CNY in the previous period[30]. Reporting and Audit - The company did not undergo an audit for the third quarter report, as indicated in the audit report[31]. - The company’s board of directors released the third quarter report on October 27, 2022[32].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 645,349,868.73, representing a 10.06% increase compared to CNY 586,336,062.24 in the same period last year[22]. - The net profit attributable to shareholders decreased by 48.92% to CNY 24,595,324.17 from CNY 48,151,079.24 year-on-year[22]. - The net cash flow from operating activities dropped significantly by 78.46%, amounting to CNY 9,345,201.94 compared to CNY 43,379,414.97 in the previous year[22]. - Basic earnings per share fell by 56.92% to CNY 0.1976 from CNY 0.4587 in the same period last year[22]. - The weighted average return on net assets decreased to 2.10% from 5.57% year-on-year[22]. - The net profit after deducting non-recurring gains and losses decreased by 51.47% to CNY 21,977,092.09 from CNY 45,289,905.48 in the same period last year[22]. - The gross profit margin for the industrial segment was 16.24%, down from the previous year's margin, indicating pressure on profitability[57]. - The company reported a substantial increase in cash flow from financing activities, which surged by 1,727.80% to ¥379,520,367.12 from ¥20,763,727.81, attributed to funds raised from a private placement[53]. - The company reported a significant decline in the heavy truck and construction machinery market, leading to operational difficulties and reduced profitability due to macroeconomic factors and ongoing COVID-19 impacts[84]. - The company has faced increased cost pressures, including rising prices for raw materials, fuel, logistics, and labor, which have negatively impacted production capacity and profitability[84]. Assets and Liabilities - Total assets increased by 22.73% to CNY 2,252,266,303.35 from CNY 1,835,164,815.25 at the end of the previous year[22]. - The net assets attributable to shareholders rose by 41.51% to CNY 1,270,298,520.78 from CNY 897,703,152.00 at the end of the previous year[22]. - Cash and cash equivalents increased to 313,668,528.54, accounting for 13.93% of total assets, due to funds raised from a non-public stock issuance[62]. - Inventory stood at 388,020,404.41, representing 17.23% of total assets, with a slight decrease from the previous year[62]. - Fixed assets were valued at 627,416,657.53, making up 27.86% of total assets, reflecting a decrease in proportion compared to the previous year[62]. - Short-term borrowings increased to 308,839,029.17, accounting for 13.71% of total liabilities, showing a slight increase in proportion[62]. - The company has significant restricted assets totaling ¥203,475,603.29, primarily due to loan collateral[66]. - The company reported an increase in receivables financing during the reporting period[66]. Investment and Financing - The total investment amount for the reporting period was ¥101,527,224.14, a decrease of 38.90% compared to ¥166,157,686.28 in the same period last year[69]. - The company has ongoing projects with a total investment of ¥29,876,470.70 for precision component manufacturing, which is 81.65% of the planned investment[71]. - The company has also invested ¥4,780,359.24 in the technical center expansion project, achieving 53.62% of the planned investment[71]. - The total amount of funds raised from the initial public offering (IPO) was RMB 23,100 million, with a net amount of RMB 19,886.80 million after deducting various fees[78]. - The company raised RMB 26,000 million through the issuance of convertible bonds in 2020, with a net amount of RMB 25,073.87 million after fees[79]. - In 2022, the company raised RMB 42,370 million through a non-public offering, with a net amount of RMB 40,267.26 million after deducting issuance costs[80]. - The company temporarily invested RMB 20,000 million of idle funds in high-yield time deposits for cash management purposes[80]. - The total amount of raised funds used for projects was RMB 12,653.91 million, with a cumulative investment of RMB 49,857.16 million as of the reporting period[77]. Shareholder and Equity Information - The company issued 25,601,208 new ordinary shares in a private placement, increasing the total share capital from 106,082,008 to 131,683,216 shares[192]. - The total number of shares after the issuance increased to 131,683,216 shares, with 25,601,208 shares being subject to trading restrictions[152]. - The company’s shareholding structure remains unchanged post-issuance, with the controlling shareholder being Mr. Guo Yuanqiang[152]. - The company plans to repurchase shares with a total amount between RMB 30 million and RMB 60 million, at a maximum price of RMB 20 per share, within a 6-month period[163]. - As of June 30, 2022, the company repurchased 1,305,600 shares, representing 0.9915% of the total share capital, with a total expenditure of RMB 18,735,200.20[167]. - The company’s profit distribution plan for 2021 includes a cash dividend of RMB 3.50 per 10 shares, with no bonus shares issued[165]. - The company approved the release of 624,000 restricted shares, accounting for 0.4739% of the total share capital of 131,683,216 shares, effective from June 10, 2022[159]. Risk Management - The company has acknowledged potential risks and has outlined corresponding measures in the report[5]. - The company faces risks from the COVID-19 pandemic, which significantly impacts its export business, accounting for a large portion of revenue[95]. - Fluctuations in raw material prices, such as pig iron and aluminum ingots, can adversely affect production costs and operating profits if not managed properly[96]. - Energy price volatility, particularly for electricity and natural gas, poses a risk to production costs and operating results[97]. - Exchange rate fluctuations directly impact the profitability of export sales, necessitating timely price adjustments to mitigate risks[98]. - The competitive landscape in the casting industry remains intense, requiring the company to leverage its integrated supply chain and long-term customer relationships to maintain market position[101]. Environmental and Social Responsibility - The company has a complete waste gas and wastewater treatment plan, equipped with a full set of pollution control facilities, and the current operation status of pollution control facilities is good[112]. - The company reported a total emission of 1.505 tons of particulate matter, with a concentration of 2.55 mg/m³, which is below the emission standard of 1.505 tons[111]. - The company has installed online monitoring devices at major emission outlets to ensure compliance with environmental regulations[115]. - The company has implemented measures to reduce carbon emissions by adopting low-energy, high-efficiency equipment[118]. - The company has obtained ISO45001:2018 and ISO14001 certifications for occupational health and safety management and environmental management systems[120]. - The company has established a caring fund to assist employees facing sudden accidents or serious illnesses[120]. - The company strictly adheres to national and local environmental laws and regulations, continuously exploring and innovating in energy conservation and emission reduction[121]. - The company has conducted quarterly environmental hazard inspections and emergency drills to ensure environmental safety[114]. Corporate Governance - The company committed to timely, accurate, and complete information disclosure in compliance with relevant laws and regulations since its listing[119]. - The company's semi-annual report for 2022 has not been audited[127]. - There were no significant litigation or arbitration matters during the reporting period[129]. - The company did not engage in any related party transactions during the reporting period[130]. - The company did not have any major related party transactions or significant contracts during the reporting period[136].

Financial Performance - The company's revenue for Q1 2022 was CNY 330,397,092.34, representing a 20.10% increase compared to CNY 275,111,326.33 in the same period last year[3] - Net profit attributable to shareholders decreased by 65.45% to CNY 9,612,098.77 from CNY 27,824,055.18 year-on-year[3] - Net profit for the quarter was ¥10,883,201.42, a decrease of 60.7% from ¥27,667,582.66 in the previous year[23] - The net profit attributable to the parent company for Q1 2022 was CNY 9,612,098.77, a decrease from CNY 27,824,055.18 in the same period last year, representing a decline of approximately 65.4%[24] - The total comprehensive income attributable to the parent company was CNY 9,343,891.80, down from CNY 26,407,366.79 year-over-year, indicating a decrease of about 64.7%[24] Cash Flow - The net cash flow from operating activities was negative at CNY -46,104,992.03, a decline of 231.07% compared to CNY 35,175,811.97 in the previous year[3] - Cash inflows from operating activities totaled CNY 324,796,510.39, an increase of 16.1% from CNY 279,665,288.67 in the prior year[27] - Cash outflows from operating activities increased to CNY 370,901,502.42, up from CNY 244,489,476.70, reflecting a rise of approximately 51.6%[27] - The net cash flow from investing activities was CNY -73,050,747.78, compared to CNY -104,835,991.16 in the same period last year, showing an improvement of about 30.5%[28] - The net cash flow from financing activities was CNY 519,359,388.88, significantly higher than CNY 14,889,261.94 in the previous year, indicating an increase of approximately 3381.5%[28] - The total cash and cash equivalents at the end of Q1 2022 stood at CNY 574,776,670.65, compared to CNY 174,336,094.18 at the end of the same period last year, marking an increase of about 229.5%[28] Assets and Liabilities - Total assets increased by 26.49% to CNY 2,321,376,562.08 from CNY 1,835,164,815.25 at the end of the previous year[3] - Total liabilities increased to ¥976,939,005.59, up 7.9% from ¥905,169,181.30 at the beginning of the year[20] - The company’s total assets increased, with cash and cash equivalents impacted by a 230.91% decrease due to exchange rate fluctuations[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,776, with the largest shareholder holding 19.19% of the shares[13] - The company’s total share capital after the issuance reached 131,683,216 shares, with no change in control of the company[16] Expenses and Costs - The gross profit margin decreased due to rising costs in raw materials, logistics, and labor, which outpaced revenue growth[6] - The company reported a significant increase in financial expenses by 70.47% to CNY 9,720,840.32, primarily due to higher interest expenses and exchange losses[9] - Payments for goods and services increased by 52.12%, totaling ¥271,422,568.04, attributed to rising raw material prices and operational costs from subsidiaries[11] - Payments to employees increased by 57.21%, amounting to ¥69,168,339.64, reflecting the operational expansion of subsidiaries[11] - Total operating costs amounted to ¥315,573,482.67, up 31.0% from ¥241,128,628.46 in the same period last year[22] Research and Development - Research and development expenses for the quarter were ¥6,537,844.97, a decrease of 13.3% compared to ¥7,542,616.37 in the previous year[23] Strategic Initiatives - The company is actively developing new high-value products and expanding its customer base to adapt to market changes[6] - The company plans to continue investing in new technologies and processes to enhance its competitive position in the market[6]

Financial Performance - The company achieved operating revenue of ¥1,210,575,302.11 in 2021, representing a 32.66% increase compared to ¥912,517,659.55 in 2020[21]. - The net profit attributable to shareholders was ¥74,201,353.19, a 3.16% increase from ¥71,927,206.73 in the previous year[21]. - The net profit after deducting non-recurring gains and losses decreased by 9.68% to ¥63,103,915.17 from ¥69,869,981.10 in 2020[21]. - The company reported a net cash flow from operating activities of ¥811,324.36, a significant improvement from a negative cash flow of ¥21,024,845.89 in 2020, marking a 103.86% change[21]. - Total assets increased by 21.15% to ¥1,835,164,815.25 at the end of 2021, up from ¥1,514,827,611.11 at the end of 2020[21]. - The net assets attributable to shareholders rose by 5.37% to ¥897,703,152.00 from ¥851,991,317.76 in 2020[21]. - The company’s basic earnings per share increased by 2.90% to ¥0.71 in 2021, compared to ¥0.69 in 2020[21]. - The company achieved operating revenue of 1,210.58 million CNY in 2021, representing a year-on-year increase of 32.66%[46]. - The gross profit margin for the industrial sector was 20.86%, down from 26.46% in the previous year, indicating a decrease of 5.60%[53]. - The company reported a total revenue of 1.5 billion RMB in 2021, representing a year-over-year increase of 20% compared to 2020[151]. Dividend and Profit Distribution - The company reported a cash dividend of 3.50 RMB per 10 shares for a total of 131,683,216 shares, amounting to a total cash distribution of approximately 46.09 million RMB[5]. - The total distributable profit for the parent company is 167,447,677.39 CNY, with cash dividends accounting for 100% of the profit distribution[160]. - The company has not proposed a cash dividend distribution plan for the reporting period despite having positive distributable profits[162]. - The company has established a complete decision-making process for profit distribution, ensuring transparency and protection of minority shareholders' rights[159]. Market and Business Strategy - The company plans to continue expanding its market presence in the automotive sector, responding to the cyclical recovery in demand for commercial vehicles[31]. - The company is actively developing new products and technologies while expanding its market presence to mitigate the impact of industry downturns[47]. - The company aims to enhance its core competitiveness through the construction and production of募投项目, which will further strengthen its market position[40]. - The company is focused on enhancing its technological capabilities and product offerings to drive future growth[128]. - The company plans to expand its production capacity and enhance inventory management to mitigate future supply chain risks[55]. - The company is expanding its market presence, targeting international markets with a goal to increase exports by 30% in the upcoming year[141]. - The company intends to expand its upstream and downstream industrial chain through mergers or expansions to reduce production costs and increase market share[111]. Risk Management and Operational Stability - The company emphasizes the importance of risk management in its future development outlook, highlighting potential operational risks[5]. - The company has not reported any changes in its main business since its listing, indicating stability in its operations[19]. - The company recognizes risks from raw material price fluctuations and plans to adjust product prices accordingly to mitigate impacts on production costs[112]. - The company is addressing energy price volatility by promoting energy-saving technologies and optimizing production processes[113]. Research and Development - The company’s R&D department was recognized as a provincial-level technology center, emphasizing its commitment to technological advancement and product quality[43]. - Research and development expenses increased by 12.61% to ¥27,786,638.87 compared to ¥24,675,923.20 in the previous year[68]. - The company is investing in new technologies, allocating 10% of its annual budget towards R&D to innovate and improve manufacturing processes[140]. - The company aims to increase R&D investment to enhance technological innovation capabilities and establish a higher-level technology innovation platform[110]. Corporate Governance - The company adheres to legal and regulatory requirements in its governance structure, ensuring the protection of shareholder rights and interests[118]. - The board of directors and supervisory board operate independently, fulfilling their duties to protect the interests of the company and its shareholders[119]. - The company has established a performance evaluation and incentive mechanism linked to company performance, ensuring stability among personnel[119]. - The company has a robust internal control system for financial reporting, with no significant deficiencies identified[120]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions, including the introduction of energy-saving equipment and continuous process improvements[182]. - The company has established an online monitoring system for emissions, ensuring compliance with environmental standards[181]. - The company has received ISO45001:2018 and ISO14001 certifications for occupational health and safety management and environmental management systems, respectively[184]. - The company has committed to continuous exploration and innovation in clean production and pollution reduction measures[184]. Employee Management - The company emphasizes employee training and development, aligning training programs with business strategy and individual career paths[157]. - The company maintains a competitive salary structure, ensuring employee compensation is aligned with market standards[156]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 7.1484 million yuan[145]. - The company has established a comprehensive performance evaluation system for employees, ensuring legal protection of their rights and enhancing their sense of belonging[183].

山东联诚精密制造股份有限公司 2021 年第三季度报告 | 证券代码：002921 | 证券简称：联诚精密 | 公告编号：2021-069 | | --- | --- | --- | | 债券代码：128120 | 债券简称：联诚转债 | | 山东联诚精密制造股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（ ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 586,336,062.24, representing a 40.22% increase compared to CNY 418,157,778.36 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 48,151,079.24, up 41.33% from CNY 34,070,412.80 in the previous year[20]. - Basic earnings per share were CNY 0.4587, reflecting a 42.81% increase from CNY 0.3212 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 45,289,905.48, a 31.79% increase from CNY 34,364,844.34 in the same period last year[20]. - The company reported a total comprehensive income of ¥49,877,272.08 for the first half of 2021, compared to ¥25,603,739.51 in the same period of 2020, reflecting a 94.8% increase[176]. - The total profit for the first half of 2021 was CNY 36,758,383.55, a decrease of 2.3% from CNY 37,623,091.60 in the first half of 2020[179]. - The company's net profit for the first half of 2021 was CNY 29,560,468.32, a decrease of 7.4% compared to CNY 31,927,626.13 in the same period of 2020[179]. Cash Flow and Investments - The net cash flow from operating activities reached CNY 43,379,414.97, a significant increase of 295.20% compared to a negative cash flow of CNY -22,223,507.49 in the same period last year[20]. - The cash flow from investing activities showed a net outflow of CNY -148,405,197.10 in the first half of 2021, worsening from a net outflow of CNY -12,546,465.73 in the same period of 2020[184]. - The total cash inflow from financing activities was 144,800,000.00 CNY, while cash outflow was 156,409,642.18 CNY, resulting in a net cash flow of -11,609,642.18 CNY[188]. - The company raised CNY 35,000,000.00 from investment activities in the first half of 2021, compared to CNY 14,240,000.00 in the same period of 2020, reflecting a growth of 146.5%[184]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 1,717,246,211.90, a 13.36% increase from CNY 1,514,827,611.11 at the end of the previous year[20]. - The asset-liability ratio at the end of the reporting period was 47.28%, an increase of 3.53% from 43.75% at the end of the previous year[155]. - Total liabilities reached CNY 811,830,049.01, up from CNY 662,725,183.93, marking a 22.5% increase[166]. - The company's total liabilities increased to ¥634,548,164.66, up from ¥546,785,138.79 in the previous year, marking a 16% rise[175]. Research and Development - Research and development expenses increased by 28.63% to ¥15,322,811.48 from ¥11,912,071.01, indicating a commitment to innovation[33]. - The research and development expenses for new products were reported at 8,236,000, reflecting a commitment to innovation[200]. Market and Sales - Revenue from agricultural machinery and engineering machinery parts surged by 77.21% to ¥189,990,330.87, driven by increased sales to clients like Motovario and CNH[40]. - Domestic sales contributed ¥398,766,057.44, accounting for 68.01% of total revenue, with a year-on-year increase of 45.05%[38]. - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge[167]. Strategic Initiatives - The company emphasizes the importance of risk awareness in its future plans and development strategies[4]. - The company is committed to expanding its market presence and enhancing core competitiveness through ongoing investment in production capacity and technology[29]. - Future guidance indicates a continued emphasis on improving operational efficiency and exploring potential mergers and acquisitions to drive growth[167]. Environmental Compliance - The company reported a total emission of 2.68 tons of particulate matter, with no exceedance of the emission standards[81]. - The company has a complete set of pollution control facilities, with good operational status, ensuring compliance with environmental regulations[82]. - The company has obtained ISO45001:2018 and ISO14001 certifications for occupational health and environmental management systems[87]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - A total of 624,000 shares from the 2020 restricted stock incentive plan were released for trading on June 10, 2021[78]. - The total number of common shareholders at the end of the reporting period was 9,858[135].

Financial Performance - Net profit attributable to shareholders increased by 130.68% to CNY 20,977,042.62 for the current period[7] - Operating income rose by 32.51% to CNY 232,548,854.21 for the current period[7] - Basic earnings per share increased by 126.12% to CNY 0.2571[7] - The company reported a net profit of CNY 55,047,455.42 for the year-to-date, reflecting a 63.04% increase[7] - The net profit after deducting non-recurring gains and losses for the year-to-date was CNY 53,233,316.51, up 102.56%[7] - The company reported a net profit of CNY 217,720,188.71, up from CNY 189,535,611.63, indicating a growth of approximately 14.8%[40] - The net profit for Q3 2020 reached CNY 20,926,789.36, up from CNY 8,969,411.03 in the same period last year, representing a growth of approximately 133%[47] - Net profit for the current period was ¥54,664,948.20, up from ¥33,395,452.92, indicating a growth of around 63.5%[55] Assets and Liabilities - Total assets increased by 24.40% to CNY 1,564,962,615.97 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 19.14% to CNY 836,782,868.89 compared to the end of the previous year[7] - Total liabilities increased to CNY 728,190,295.49 from CNY 555,341,296.36, which is an increase of approximately 31.1%[39] - Non-current liabilities rose to CNY 247,840,875.33 from CNY 83,008,783.92, marking an increase of about 198.5%[39] - The company's cash and cash equivalents increased to CNY 290,222,363.74 from CNY 120,212,242.23, representing a growth of approximately 141.4%[40] - Cash and cash equivalents increased by 110.91% to ¥363,411,868.07 due to the issuance of convertible bonds[15] - Accounts receivable rose to ¥209,736,545.74, up from ¥169,660,449.50, indicating an increase of about 23.6% year-over-year[37] Cash Flow - Net cash flow from operating activities surged by 349.12% to CNY 21,876,989.77[7] - The cash inflow from operating activities was CNY 595,947,346.12, an increase of 8.1% compared to CNY 551,130,255.40 in the previous period[62] - The net cash flow from operating activities was CNY -346,517.72, a significant decrease from CNY 14,865,832.51 in the previous period[62] - The cash inflow from financing activities totaled CNY 408,815,706.83, compared to CNY 110,000,000.00 in the previous period, leading to a net cash inflow of CNY 206,782,702.74[63] Expenses - Financial expenses rose by 61.07% to ¥13,560,237.76, primarily due to increased exchange losses[16] - The company reported a 141.51% increase in income tax expenses to ¥11,428,330.43 due to higher total profits[16] - The company's operating costs for Q3 2020 were CNY 168,254,862.10, up from CNY 132,509,722.70 in the previous year, reflecting an increase of about 26.9%[46] - The tax expenses for the quarter amounted to CNY 4,617,152.10, compared to CNY 1,020,109.22 in the same period last year, indicating a significant rise[47] Investments and Financing - The company issued ¥260 million of convertible bonds, which were approved by the China Securities Regulatory Commission[20] - The company received ¥267,040,000.00 from employee stock subscription and convertible bond issuance, marking a significant increase in funding[19] - The company raised a total of ¥26,000.00 million from the issuance of convertible bonds, with a net amount of ¥25,073.87 million after deducting fees[29] - The company completed the "Capacity Enhancement and Automation Upgrade Project" funded by its initial public offering, with a total investment of ¥19,893.47 million by September 30, 2020[28] Research and Development - Research and development expenses increased to CNY 6,800,365.46 from CNY 4,639,314.09, reflecting a rise of approximately 46.5%[46] - Research and development expenses rose to ¥18,712,436.47 from ¥14,570,371.35, which is an increase of about 28.5%[54] Governance and Compliance - The company reported no overdue commitments from major shareholders or related parties during the reporting period[23] - There were no derivative investments during the reporting period, indicating a conservative investment strategy[25] - The company has not engaged in any trust investments during the reporting period, maintaining a focus on core operations[30] - There were no violations regarding external guarantees during the reporting period, reflecting sound governance practices[31]

山东联诚精密制造股份有限公司 2021 年第一季度报告全文 山东联诚精密制造股份有限公司 2021 年第一季度报告 2021 年 04 月 1 山东联诚精密制造股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭元强、主管会计工作负责人邱秀梅及会计机构负责人(会计主 管人员)邱秀梅声明：保证季度报告中财务报表的真实、准确、完整。 2 山东联诚精密制造股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 275,111,326.33 | 189,321,217.56 | 45.31% | | 归属于上市公司股东的净利润（元） | 27,824,055.18 | ...

Financial Performance - The company's operating revenue for 2020 was ¥912,517,659.55, representing a 22.02% increase compared to ¥747,839,588.77 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥71,927,206.73, a 55.36% increase from ¥46,296,986.41 in 2019[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,869,981.10, an 81.54% increase from ¥38,487,063.48 in 2019[18]. - The basic earnings per share for 2020 was ¥0.90, up 55.17% from ¥0.58 in 2019[18]. - The total assets at the end of 2020 were ¥1,514,827,611.11, a 20.41% increase from ¥1,258,047,732.80 at the end of 2019[19]. - The net assets attributable to shareholders at the end of 2020 were ¥851,991,317.76, a 21.31% increase from ¥702,334,477.62 at the end of 2019[19]. - The company reported a negative net cash flow from operating activities of ¥21,024,845.89 in 2020, a decrease of 134.06% compared to ¥61,725,366.24 in 2019[18]. - The company achieved a revenue of CNY 912.52 million, representing a year-on-year growth of 22.02%[38]. - The net profit attributable to shareholders was CNY 71.93 million, an increase of 55.36% compared to the previous year[38]. - The net profit excluding non-recurring gains and losses reached CNY 69.87 million, up 81.54% year-on-year[38]. Investment and Subsidiaries - The company has established a wholly-owned subsidiary, Ningbo Hailian Precision Manufacturing Co., Ltd., in August 2020, and a controlling subsidiary, Jiangsu Liancheng Precision Alloy Technology Co., Ltd., in September 2020, both included in the consolidated financial statements[51]. - The company has ongoing investments in non-equity projects, indicating a focus on expanding operational capabilities[76]. - The company reported a total investment of CNY 65,483.3 million in precision component intelligent manufacturing projects, achieving a utilization rate of 36.23%[78]. - The company invested 30 million RMB to establish a wholly-owned subsidiary, Ningbo Hailian Precision Manufacturing Co., Ltd.[158]. - A joint venture named Jiangsu Liancheng Precision Alloy Technology Co., Ltd. was established with a registered capital of 100 million RMB[158]. Research and Development - The company is committed to technological innovation and has been recognized as a provincial-level R&D center[34]. - Research and development expenses increased by 22.61% to ¥24,675,923.20, representing 2.70% of operating revenue[56]. - The company employed 156 R&D personnel, a 24.80% increase from the previous year, with R&D personnel now making up 8.93% of the workforce[57]. - The company plans to increase R&D investment to improve technological innovation capabilities and enhance product quality and competitiveness[97]. - The company is investing 100 million RMB in R&D for new technologies aimed at improving product quality and reducing costs[198]. Market Strategy and Operations - The company is focusing on expanding its domestic market, particularly in commercial vehicles and agricultural machinery sectors[38]. - The company has formed stable partnerships with major domestic and international manufacturers, enhancing its competitive position[35]. - The company is focusing on high-end product lines, with a notable increase in the sales proportion of high-precision and high-difficulty products[39]. - Continuous investment in automation and smart manufacturing has improved production efficiency and reduced labor intensity[39]. - Lean production practices have been implemented to enhance internal management and reduce waste, contributing to improved profitability[39]. Financial Management - The company reported a non-recurring gain of CNY 3,074,712.70, which accounted for 3.48% of total revenue[68]. - The company is actively managing its financial assets, with a total of CNY 20,137,990.40 in financial assets measured at fair value[69]. - The company received government subsidies amounting to ¥4,646,135.82 in 2020, down from ¥14,677,326.57 in 2019[24]. - The company has established a dedicated account for raised funds, adhering to a tripartite supervision agreement with the sponsor and the bank[86]. - The company plans to utilize the remaining CNY 14,590.83 million of raised funds for project equipment payments and warranty funds[84]. Corporate Governance and Compliance - The company emphasizes corporate social responsibility and adheres to legal regulations to enhance governance and transparency[147]. - The company has established a comprehensive performance evaluation system for employees, ensuring their rights and enhancing their sense of belonging[148]. - The company has obtained ISO45001:2018 and ISO14001 certifications for occupational health and safety management and environmental management systems[148]. - The company strictly complies with environmental laws and regulations, implementing measures for energy conservation and pollution reduction[149]. - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans[150]. Shareholder Information - The company reported a cash dividend of 4 RMB per 10 shares, totaling 32,640,163.60 RMB for the year 2020[110]. - The company will also increase its capital stock by 3 shares for every 10 shares held, based on a total share capital of 81,600,409 shares[110]. - The net profit available for distribution to shareholders as of December 31, 2020, is 154,349,668.35 RMB[111]. - Major shareholder Guo Yuanqiang holds 23.82% of the shares, with a total of 19,440,000 shares, of which 4,860,000 are pledged[171]. - The total number of shareholders increased to 9,812 by the end of the reporting period, up from 9,546 at the end of the previous month[171]. Risk Management - The company acknowledges the impact of the COVID-19 pandemic on its export business, which constitutes a significant portion of its revenue, and is adjusting its strategy to strengthen domestic market development[100]. - The company is committed to addressing raw material price fluctuations by adjusting sales prices and enhancing procurement strategies to mitigate risks[100]. - The company has implemented measures to mitigate foreign exchange risks, including timely price adjustments and forward foreign exchange contracts[101]. - The company has faced risks related to market competition in the casting industry, which is characterized by numerous competitors and intense competition[101]. Future Outlook - The company has set a revenue guidance of 1.8 billion RMB for the next fiscal year, projecting a growth of 20%[198]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[198]. - A strategic acquisition of a local competitor is in progress, which is expected to enhance the company's product offerings and market reach[198]. - The management highlighted a focus on sustainability initiatives, aiming for a 25% reduction in carbon emissions by 2025[198]. - The board of directors emphasized the importance of digital transformation, with plans to implement advanced analytics in operations by 2022[198].

Financial Performance - The company's operating revenue for 2020 was ¥912,517,659.55, representing a 22.02% increase compared to ¥747,839,588.77 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥71,927,206.73, a 55.36% increase from ¥46,296,986.41 in 2019[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,869,981.10, up 81.54% from ¥38,487,063.48 in 2019[6]. - The basic earnings per share for 2020 was ¥0.90, a 55.17% increase from ¥0.58 in 2019[6]. - The gross profit margin for industrial parts was 28.71%, showing an increase of 3.54% year-on-year[43]. - The company achieved a net profit of RMB 62,100,989.49 for the year 2020[109]. - The company reported a negative net cash flow from operating activities of ¥21,024,845.89 in 2020, a decline of 134.06% compared to ¥61,725,366.24 in 2019[6]. Assets and Liabilities - The company's total assets increased by 20.41% to ¥1,514,827,611.11 at the end of 2020, compared to ¥1,258,047,732.80 at the end of 2019[18]. - The net assets attributable to shareholders rose by 21.31% to ¥851,991,317.76 at the end of 2020, compared to ¥702,334,477.62 at the end of 2019[18]. - Cash and cash equivalents grew by 40.58% compared to the beginning of the period, primarily due to the funds raised from convertible bonds[30]. - Accounts receivable increased by 42.39% compared to the beginning of the period, attributed to the rise in sales revenue[30]. - Long-term borrowings increased to 92,250,000.00, representing 6.09% of total liabilities, mainly due to new long-term loans[64]. - The debt-to-asset ratio slightly decreased to 43.75%, a change of -0.39% compared to 2019[183]. Investments and Financing - The total investment amount for the reporting period was ¥144,995,584.95, representing a 79.92% increase compared to ¥80,590,512.73 in the same period last year[72]. - The company completed the issuance of CNY 260 million convertible bonds, which were listed on the Shenzhen Stock Exchange on August 17, 2020[156]. - The total amount raised from the convertible bonds issuance was RMB 260 million, with a net amount of RMB 250.74 million, and RMB 40 million was allocated for working capital[88]. - The company has ongoing significant non-equity investments, with a total investment of ¥36,898,912.19 in mechanical parts automation upgrades, which is expected to yield an annualized benefit of approximately ¥4,917,480[74]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total of 81,600,409 shares[4]. - The cash dividend payout ratio for 2020 was 45.38% of the net profit attributable to ordinary shareholders[107]. - The cash dividend represents 100% of the total profit distribution amount[109]. - The total distributable profit available to shareholders as of December 31, 2020, is RMB 154,349,668.35[109]. Research and Development - The company’s R&D expenses increased by 22.61% to ¥24,675,923.20, representing 2.70% of total revenue[55]. - The company’s R&D department has been rated as a provincial-level R&D center, enhancing its product development capabilities[32]. - The company plans to increase R&D investment to enhance technological innovation capabilities and establish a higher-level innovation platform[95]. - The company has invested 100 million RMB in R&D for new technologies, aiming to innovate in precision manufacturing[200]. Market and Sales Performance - Sales of agricultural and engineering machinery parts increased by 34.94%, while sales of commercial vehicle parts rose by 53.43%[41]. - The company’s domestic sales accounted for 67.10% of total revenue, reflecting a 42.26% increase compared to the previous year[41]. - The company maintained a complete manufacturing system, effectively mitigating the impact of declines in specific sectors like passenger vehicles[36]. - The company achieved a revenue of 1.5 billion RMB for the fiscal year 2020, representing a year-over-year growth of 10%[200]. Corporate Governance and Management - The company has a strong management team with diverse backgrounds, including finance, engineering, and manufacturing, enhancing its operational capabilities[190][191][192][193][194][195][196][197]. - The company is committed to maintaining high standards of corporate governance, as indicated by the presence of independent directors with extensive experience in finance and management[191][193]. - The company appointed two new deputy general managers, Xie Yunlong and Ma Jiyong, on March 27, 2020, following the nomination by General Manager Guo Yuanqiang and approval by the board[188]. Environmental and Social Responsibility - The company has established a complete waste gas and wastewater treatment plan, with pollution control facilities in good operating condition[151]. - The company strictly adheres to environmental laws and regulations, implementing measures for energy conservation and pollution reduction[147]. - The company has obtained ISO 45001:2018 and ISO 14001 certifications for occupational health and safety management and environmental management systems, respectively[146]. Strategic Goals and Future Outlook - The company plans to enhance its production capacity through self-built projects, aiming for increased efficiency and output[74]. - Future goals include improving production capacity and automation, enhancing product quality, and reducing production costs[94]. - The company has set a revenue guidance of 1.8 billion RMB for the next fiscal year, projecting a growth rate of 20%[200]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within three years[200].