证券代码：002985 证券简称：北摩高科 编号：2022-002 北京北摩高科摩擦材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|-----------------------------------|----------------------------------------------------| | | | | | | □特定对象调研 | □分析师会议 | | | □媒体采访 | 业绩说明会 | | 投资者关系活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | 活动参与人员 | | 兴业证券、东方证券、银河证券、民生证券、华西证 | | | | 券、华泰证券、天风证券、招银理财、华夏基金、汇添富 | | | | 基金、华安基金、嘉和基金、金科投资、鸿商资本、中欧 | | | | 瑞博投资、广东潮金投资基金管理有限公司、龙全投资、 | | | 2022年10月28 日 10:00-15:00 | 广东莲花基金、长江证券资管、南方天辰投资等。 ...

Revenue and Profit - Revenue for Q3 2022 was CNY 216,370,008.57, a decrease of 8.25% compared to the same period last year[8] - Net profit attributable to shareholders for Q3 2022 was CNY 115,207,940.69, an increase of 16.98% year-on-year[8] - Net profit excluding non-recurring gains and losses for Q3 2022 was CNY 112,808,459.21, up 16.03% from the previous year[8] - The company reported a 5.42% increase in total revenue for the first nine months of 2022, totaling CNY 859,002,736.98[13] - Total operating revenue for the current period reached ¥859,002,736.98, an increase of 5.1% compared to ¥814,814,552.68 in the previous period[28] - Net profit attributable to shareholders of the parent company was ¥325,485,518.03, slightly up from ¥324,818,255.66 in the previous period, reflecting a growth of 0.2%[31] Assets and Liabilities - Total assets as of September 30, 2022, reached CNY 4,241,108,397.25, representing a 7.44% increase from the end of the previous year[8] - The company reported a total of 3,424,591,680.96 in current assets as of September 30, 2022, compared to 3,202,620,839.57 at the beginning of the year[24] - The total liabilities amounted to ¥620,608,555.45, a decrease from ¥1,293,333,155.72 in the previous period[27] - Current liabilities decreased to ¥549,462,450.62 from ¥1,220,411,289.91 year-to-date[24] Shareholders and Equity - Shareholders' equity attributable to the parent company was CNY 2,965,740,133.19, a 20.96% increase compared to the end of last year[8] - The total equity attributable to shareholders of the parent company increased to ¥2,965,740,133.19, up from ¥2,451,765,544.30 in the previous period, marking a growth of 20.9%[27] - The largest shareholder, Wang Shumin, holds 35.32% of the shares, totaling 117,197,447 shares[17] - The number of shares held by the top ten shareholders includes significant stakes from Chen Jianfeng (9.88%) and E-Tan Daoxin Management Consulting (2.34%)[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -349,236,131.21, a significant decrease of 720.70% year-on-year[8] - The company’s cash flow from operating activities showed a significant increase in cash outflows, totaling CNY 723,045,298.28, up 45.20% year-on-year[16] - Cash inflow from operating activities was ¥373,809,167.07, down from ¥554,236,264.39 in the previous period, indicating a decline of 32.5%[34] - The company reported a total cash outflow from operating activities of $723.05 million, up from $497.97 million, suggesting increased operational expenditures[37] - The net increase in cash and cash equivalents was -$490.11 million, compared to -$97.52 million in the previous period, highlighting liquidity challenges[37] - The ending balance of cash and cash equivalents stood at $653.99 million, up from $624.60 million in the prior period, indicating a slight recovery in cash reserves[37] Expenses - Research and development expenses increased by 36.65% to CNY 59,572,658.55 for the first nine months of 2022[13] - Research and development expenses rose to ¥59,572,658.55, an increase of 36.7% compared to ¥43,595,411.76 in the previous period[31] - The company experienced a 44.42% increase in tax payments, totaling CNY 243,286,472.53, due to changes in tax rates[16] - The company paid $243.29 million in taxes, an increase from $168.45 million, reflecting higher tax obligations[37] - Cash payments to employees increased to $140.13 million from $125.61 million, indicating rising labor costs[37] Audit and Compliance - The company did not undergo an audit for the third quarter report, which may affect stakeholder confidence in the reported figures[38]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 642,632,728.41, representing a 10.99% increase compared to CNY 578,987,704.72 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 7.09% to CNY 210,277,577.34 from CNY 226,330,365.79 year-on-year[23]. - Basic earnings per share decreased by 7.35% to CNY 0.63 from CNY 0.68 in the same period last year[23]. - The net profit attributable to shareholders was 210 million yuan, a decrease of 7.09% compared to the previous year, primarily due to fluctuations in gross profit margins and increased R&D and tax expenses[32]. - The net profit for the first half of 2022 was CNY 265,606,378.72, a decrease of 12.00% from CNY 301,626,716.06 in the first half of 2021[157]. - The total comprehensive income attributable to the parent company for the first half of 2022 was CNY 265.61 million, down from CNY 301.63 million in the first half of 2021, reflecting a decrease of about 11.93%[158]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -209,270,646.27, a significant decline of 3,437.65% compared to CNY 6,270,004.36 in the previous year[23]. - Cash flow from operating activities decreased by 30.53% to CNY 209,255,860.95, down from CNY 301,220,547.84 in the previous year[48]. - The net cash flow from operating activities for the first half of 2022 was negative at CNY -209.27 million, compared to a positive CNY 6.27 million in the first half of 2021[166]. - The total cash inflow from operating activities was 49,085,454.27 CNY in the first half of 2022, a decrease of 73.0% from 181,430,731.20 CNY in the first half of 2021[169]. - The company ended the first half of 2022 with a cash balance of 565,276,919.23 CNY, which is a decrease of 32.5% from the beginning cash balance of 829,069,369.68 CNY[171]. Assets and Liabilities - Total assets increased by 3.72% to CNY 4,094,497,939.45 from CNY 3,947,491,829.20 at the end of the previous year[23]. - The total liabilities decreased to CNY 663,951,398.53 from CNY 1,293,333,155.72, reflecting a reduction of about 48.7%[149]. - The company's equity increased to CNY 3,430,546,540.92 from CNY 2,654,158,673.48, showing a growth of approximately 29.2%[149]. - Accounts receivable increased to CNY 1,829,303,650.04, representing 44.68% of total assets, up from 37.57% in the previous year[51]. - The total liabilities amounted to CNY 616,741,215.39 in the first half of 2022, compared to CNY 597,286,573.56 in the first half of 2021, marking an increase of 3.06%[153]. Research and Development - Research and development investment rose by 36.50% to ¥41,906,807.74, reflecting an increase in R&D projects and personnel[43]. - The R&D department is dedicated to the development of military aviation products, following a structured process from project initiation to design finalization[36]. - The increase in R&D personnel and investment is aimed at enhancing product development capabilities and meeting military standards[32]. - Research and development expenses for the first half of 2022 were CNY 41,906,807.74, compared to CNY 30,701,206.33 in the first half of 2021, indicating a significant increase of 36.38%[157]. Market and Product Focus - The company's main revenue source is military products, including aircraft brake control systems, wheels, and landing gear, with a strong focus on expanding into civil aviation markets[32]. - Revenue from the aircraft brake control systems and wheels business increased by 179.64% year-on-year[32]. - Military products accounted for 91.43% of total revenue, with sales of CNY 587,551,968.06, up 14.32% from CNY 513,970,427.76 in the previous year[47]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[180]. Corporate Governance and Management - The company has appointed new executives, including a new chairman and several vice presidents, as of June 23, 2022[80]. - The company maintained a 100% response rate to investor inquiries, ensuring transparent communication with small and medium investors[90]. - The company has not sold any significant assets or equity during the reporting period, indicating stability in its asset management[68]. - The company has not engaged in any securities or derivative investments during the reporting period[58][59]. Shareholder Information - The total number of shares increased from 255,272,000 to 331,853,600 due to a capital reserve conversion, resulting in an increase of 76,581,600 shares[121]. - The total number of common shareholders at the end of the reporting period was 35,171, with the largest shareholder, Wang Shumin, holding 35.07% of shares[126]. - The company does not have any preferred shares outstanding during the reporting period[139]. - The total number of shares held by directors and senior management increased by 39,150,973 shares, resulting in a total of 169,653,349 shares held[134].

Financial Performance - The company's revenue for Q1 2022 was ¥368,222,200.19, representing a 44.73% increase compared to ¥254,421,571.68 in the same period last year[3] - Net profit attributable to shareholders was ¥154,426,668.50, up 47.55% from ¥104,657,666.76 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥154,145,088.11, reflecting a 51.98% increase from ¥101,423,532.99 in the previous year[3] - Basic earnings per share increased by 46.34% to ¥0.60 from ¥0.41 in the same period last year[3] - Operating profit for the current period was ¥225,679,182.76, compared to ¥147,008,942.72 in the previous period, reflecting an increase of approximately 53.5%[27] - Net profit for the current period was ¥182,931,915.11, up from ¥125,125,504.45 in the previous period, which is an increase of around 46.2%[27] - Basic and diluted earnings per share for the current period were both ¥0.60, compared to ¥0.41 in the previous period, marking a growth of approximately 46.3%[29] - The company reported a significant increase in sales revenue, indicating strong market demand and potential for future growth[24] Assets and Liabilities - The company's total assets increased by 4.16% to ¥4,111,592,339.90 from ¥3,947,491,829.20 at the end of the previous year[3] - The equity attributable to shareholders rose by 15.81% to ¥2,839,494,307.15 compared to ¥2,451,765,544.30 at the end of the last year[3] - The total assets of the company increased to approximately CNY 4.11 billion at the end of the reporting period, up from CNY 3.95 billion at the beginning of the year, representing a growth of about 4.1%[17] - The company's cash and cash equivalents decreased to approximately CNY 953 million from CNY 1.15 billion, a decline of about 16.8%[17] - Accounts receivable rose to approximately CNY 1.72 billion, an increase of about 16.3% compared to CNY 1.48 billion at the beginning of the year[17] - The total liabilities decreased significantly from CNY 1.29 billion to CNY 714 million, a reduction of approximately 44.5%[23] - The company's equity attributable to shareholders increased to approximately CNY 2.84 billion, up from CNY 2.45 billion, reflecting a growth of about 15.8%[23] - The company reported a total current assets of approximately CNY 3.35 billion, an increase of about 4.7% from CNY 3.20 billion at the beginning of the year[17] - Inventory increased slightly to approximately CNY 376 million from CNY 364 million, reflecting a growth of about 3.5%[17] - The company’s short-term borrowings decreased significantly from CNY 28.4 million to CNY 11.2 million, a decline of approximately 60.6%[20] - The company’s total non-current assets amounted to approximately CNY 759 million, up from CNY 744 million, indicating a growth of about 2%[20] Cash Flow and Expenses - The net cash flow from operating activities was negative at -¥177,363,851.91, worsening by 262.12% compared to -¥48,979,133.26 in the previous year[3] - Cash flow from operating activities showed a net outflow of ¥177,363,851.91, worsening from a net outflow of ¥48,979,133.26 in the previous period[32] - Research and development expenses for the current period were ¥9,829,703.79, down from ¥12,102,169.00 in the previous period, indicating a decrease of about 18.8%[27] - Tax expenses for the current period were ¥42,821,001.70, compared to ¥21,883,438.27 in the previous period, which is an increase of approximately 95.5%[27] - The income tax expense for the quarter was ¥42,821,001.70, up 95.68% from ¥21,883,438.27 year-on-year[9] - Other income for the current period was ¥1,028,800.22, down from ¥6,942,906.27 in the previous period, reflecting a decrease of about 85.2%[27] - Net cash flow from financing activities was -3,342,295.83[38] - Cash and cash equivalents at the beginning of the period were 1,133,574,356.44[38] - Cash and cash equivalents at the end of the period were 931,696,033.75, a decrease of 201,878,322.69[38] - Total cash outflow from financing activities amounted to 3,342,295.83[38] Operational Highlights - The company's operating costs for Q1 2022 were ¥103,508,738.81, a 50.61% increase from ¥68,725,358.90 in the same period last year[9] - Total operating costs amounted to ¥148,693,857.78, up from ¥102,828,160.41 in the previous period, indicating a rise of about 44.5%[24] - The company signed a procurement agreement with Yunnan Xiangpeng Airlines for the supply of Airbus series aircraft carbon brake disc components, effective from January 1, 2022, for a duration of 10 years[14] Audit and Compliance - The company did not undergo an audit for the first quarter report[39]

Financial Performance - The company's operating revenue for 2021 was CNY 1,132,372,663.48, representing a 64.91% increase compared to CNY 686,679,972.69 in 2020[27]. - The net profit attributable to shareholders for 2021 was CNY 422,308,778.20, up 33.43% from CNY 316,498,485.10 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was CNY 411,218,306.87, reflecting a 33.73% increase from CNY 307,502,748.26 in 2020[27]. - The basic earnings per share for 2021 was CNY 1.65, a 22.22% increase from CNY 1.35 in 2020[27]. - The total assets at the end of 2021 reached CNY 3,947,491,829.20, a 44.84% increase from CNY 2,725,379,235.51 at the end of 2020[27]. - The company's net assets attributable to shareholders increased by 18.53% to CNY 2,451,765,544.30 from CNY 2,068,550,936.58 in 2020[30]. - The net cash flow from operating activities for 2021 was CNY 147,239,226.39, which is a 36.41% increase compared to CNY 107,940,748.59 in 2020[27]. - The weighted average return on equity for 2021 was 18.74%, slightly up from 18.35% in 2020[27]. Market Opportunities - The defense industry is expected to see a 7.1% increase in spending in 2022, reaching ¥1,450.45 billion, which supports long-term growth prospects for the company[42]. - The civil aviation market is projected to require 7,646 new aircraft from 2021 to 2040, highlighting significant market opportunities for the company[42]. - The company is actively expanding its market presence in civil aviation and high-speed rail brake systems, responding to domestic demand for localization and self-sufficiency[45]. Product Development and Innovation - The company has developed new technologies in brake materials, including a new carbon/carbon composite material that meets international advanced standards and a high-performance powder metallurgy material that addresses import substitution issues[56]. - The company has established a strong R&D team with core members having over 10 years of experience, contributing to continuous innovation and the acquisition of multiple national defense patents[53]. - The company is developing a high-speed train brake pad with independent intellectual property rights, which has received multiple patents[81]. - The company aims to enhance its competitive position in the market through ongoing research and development projects[78]. Sales and Revenue - Military products accounted for 91.32% of total revenue, generating ¥1.03 billion, with a year-on-year growth of 58.40%[61]. - The civil products segment saw significant growth, with revenue increasing by 190.14% to ¥98.34 million, up from ¥33.89 million in 2020[61]. - The aviation maintenance and support services business experienced rapid revenue growth, indicating a strong market potential[60]. - The brake testing services segment saw a remarkable increase in revenue, growing by 323.46% to ¥555.10 million[64]. Corporate Governance - The company has a strong commitment to corporate governance, as evidenced by the detailed reporting of board and management changes[149]. - The total number of shares held by the company's management at the end of the reporting period was 126,008,727 shares, with a reduction of 11,968,098 shares[149]. - The company has established a comprehensive salary management system and long-term incentive plans to attract and retain talent, aligning employee career development with company growth[187]. - The company has a structured performance evaluation system for its senior management, linking compensation to annual performance metrics[160]. Cash Flow and Investments - The net cash flow from operating activities grew by 36.41% year-on-year, driven by increased repayments from the parent company and higher operational expenses[97]. - Investment cash inflows decreased by 99.16% year-on-year, mainly due to the redemption of structured deposits last year[97]. - The total investment amount for the reporting period was ¥155,187,304.30, a decrease of 79.53% compared to the same period last year, which was ¥758,086,790.16[109]. Employee Management - The total number of employees at the end of the reporting period was 916, with 585 in production, 63 in sales, 157 in technical roles, 25 in finance, and 86 in administration[186]. - The company emphasizes employee training and development, implementing tailored training programs to enhance skills and performance across all levels[188]. - The company has a total of 43 employees with a master's degree or higher, showcasing a commitment to maintaining a skilled workforce[186]. Strategic Initiatives - The company aims to enhance its independent innovation capabilities and promote coordinated development of military and civilian products, aligning with national military modernization strategies and the "Made in China 2025" initiative[130]. - The company is focused on developing advanced braking systems for military and civilian applications, with ongoing research into control algorithms for future aerospace vehicles[131]. - The company is leveraging its technological accumulation from military aircraft to enter the domestic commercial aircraft market, aiming for FAA certification in the future[135].

北京北摩高科摩擦材料股份有限公司 2021 年第三季度报告 证券代码：002985 证券简称：北摩高科 公告编号：2021-039 北京北摩高科摩擦材料股份有限公司 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。 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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 578,987,704.72, representing a 153.24% increase compared to CNY 228,629,038.50 in the same period last year[26]. - The net profit attributable to shareholders was CNY 226,330,365.79, up 109.65% from CNY 107,957,817.45 year-on-year[26]. - The net profit after deducting non-recurring gains and losses was CNY 223,255,431.29, reflecting a 115.66% increase compared to CNY 103,520,108.69 in the previous year[26]. - The net cash flow from operating activities was CNY 6,270,004.36, a significant recovery from a negative cash flow of CNY -72,617,575.79 in the same period last year, marking an increase of 108.63%[26]. - Basic earnings per share rose to CNY 0.89, a 74.51% increase from CNY 0.51 in the previous year[26]. - Total assets at the end of the reporting period were CNY 3,115,397,462.24, up 14.31% from CNY 2,725,379,235.51 at the end of the previous year[26]. - The net assets attributable to shareholders increased to CNY 2,251,684,097.32, an 8.85% rise from CNY 2,068,550,936.58 at the end of the previous year[26]. Business Operations - The company achieved its first revenue from landing gear business, marking a significant transition from component supplier to system supplier[35]. - The maintenance business saw substantial growth, focusing on the inspection, maintenance, and repair of aircraft landing gear and brake control systems[35]. - The civil aviation business is steadily developing, with the company holding the most comprehensive PMA licenses for carbon brake discs in China, indicating potential for future profit growth[35]. - The brake control system underwent a technological upgrade, with a successful first flight of a model equipped with the company's independently developed all-electric brake control system[35]. - The company has a strong focus on military products, with a business model primarily based on direct sales to military and main engine manufacturers[36]. - The military procurement process is characterized by strict management and pricing approval procedures, ensuring stable order continuity[36]. - The company has established two main profit models: product sales and professional technical services, leveraging its strong technical capabilities and industry relationships[36]. Research and Development - The company has developed proprietary technologies in brake materials, achieving international advanced levels and addressing domestic gaps in technology[50]. - The company has established a dedicated R&D department with advanced testing facilities, enabling comprehensive research and development capabilities for various aircraft landing systems[50]. - The company has implemented a technical innovation reward system to incentivize contributions from its R&D team, fostering a culture of creativity and improvement[49]. - The company emphasizes the importance of maintaining advanced technology in brake products, with ongoing efforts in talent training and recruitment to sustain competitive advantages[85]. Financial Management - The company reported a financial expense of -¥4,235,202.38, compared to -¥3,417,838.70 in the previous year, reflecting a change in financial costs[200]. - The company’s management expenses increased to ¥31,596,162.55, a rise of 97.04% from ¥16,035,746.27, mainly due to the consolidation of subsidiaries[54]. - The company’s investment activities generated a net cash outflow of ¥74,849,877.65, an improvement of 61.91% compared to the previous year's outflow of ¥196,517,567.97[58]. Market Strategy - The company plans to expand its market presence beyond military applications into civil aviation and high-speed rail to reduce customer concentration risks[85]. - The company is actively exploring new product development and market expansion strategies to enhance its competitive position[156]. - Future guidance indicates a positive outlook for revenue growth, driven by increased market demand and operational efficiencies[156]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The total share capital increased from 150,160,000 shares to 255,272,000 shares after the distribution of stock dividends, resulting in a basic earnings per share adjustment from 2.30 CNY to 1.35 CNY[143]. - The company’s stock dividend distribution is based on a ratio of 7 shares for every 10 shares held, along with a cash dividend of 3 CNY per 10 shares[143]. - The total number of common shareholders at the end of the reporting period was 27,181[154]. Compliance and Governance - The company has maintained normal performance in fulfilling its commitments related to the initial public offering[100]. - There were no significant lawsuits or arbitration matters during the reporting period[118]. - The company did not engage in any major related party transactions during the reporting period[119]. - The financial report for the first half of 2021 was not audited, which may affect the reliability of the financial data presented[179].

Financial Performance - The company's revenue for Q1 2021 was CNY 254,421,571.68, representing a 150.70% increase compared to CNY 101,485,713.27 in the same period last year [8] - Net profit attributable to shareholders was CNY 104,657,666.76, up 79.74% from CNY 58,226,045.48 year-on-year [8] - The net profit after deducting non-recurring gains and losses was CNY 101,423,532.99, reflecting a 79.35% increase compared to CNY 56,551,045.48 in the previous year [8] - The basic earnings per share increased to CNY 0.70, a rise of 34.62% from CNY 0.52 in the same quarter last year [8] - Operating revenue increased by 150.70% to ¥254,421,571.68, primarily driven by higher sales from the parent company and the consolidation of subsidiary Jinghanyu [18] - The company reported a 199.98% increase in other non-current assets to ¥25,387,534.40, mainly due to increased equipment prepayments by subsidiary Jinghanyu [18] - The company reported a total comprehensive income attributable to the parent company of ¥104,657,666.76, compared to ¥58,226,045.48 in the previous period, reflecting an increase of approximately 80% [67] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,899,188,614.10, marking a 6.38% increase from CNY 2,725,379,235.51 at the end of the previous year [8] - The net assets attributable to shareholders increased to CNY 2,174,148,033.17, up 5.10% from CNY 2,068,550,936.58 at the end of the last year [8] - The total amount of funds raised was RMB 845,776,200, with a net amount of RMB 774,081,320 after deducting issuance costs of RMB 71,694,879.25 [30] - As of April 22, 2020, the remaining funds after underwriting fees were RMB 798,845,471.69, which were allocated to various bank accounts [30] - The balance of unused raised funds is RMB 389,628,819, with accumulated interest income of RMB 8,624,502.20 [31] - The total liabilities were RMB 482,519,664.45, compared to RMB 454,524,592.87 in the previous year [47] - Total liabilities decreased to ¥419,587,974.08 from ¥431,720,451.77, indicating a reduction of about 2.6% [57] Cash Flow - The net cash flow from operating activities was negative at CNY -48,979,133.26, a decline of 164.93% compared to CNY -18,487,723.89 in the same period last year [8] - Cash flow from operating activities showed a net outflow of ¥48,979,133.26, a 164.93% increase in outflow compared to the previous year, due to increased cash outflows despite higher revenues [20] - The company reported a net cash flow from investment activities of -51,970,148.00 RMB, compared to -5,428,765.00 RMB in the previous period, indicating a substantial increase in investment outflows [85] - The net cash flow from financing activities was -3,342,295.83 RMB, with total cash outflows amounting to 3,342,295.83 RMB [81] - The ending cash and cash equivalents balance was 634,472,557.25 RMB, down from 722,119,732.03 RMB at the beginning of the period, reflecting a decrease of approximately 12.1% [81] Expenses - Operating costs rose by 238.46% to ¥68,725,358.90, reflecting increased sales and the inclusion of subsidiary Jinghanyu [18] - Research and development expenses increased by 133.44% to ¥12,102,169.00, attributed to higher R&D investments from the parent company and the consolidation of subsidiary Jinghanyu [18] - The company incurred a 1760.71% increase in selling expenses to ¥6,851,819.34, largely due to the consolidation of subsidiary Jinghanyu [18] - The company reported a 126.99% increase in income tax expenses to ¥21,883,438.27, driven by higher profits from the parent company and the consolidation of subsidiary Jinghanyu [20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,860 [11] - The total equity attributable to shareholders was RMB 2,174,148,033.17, up from RMB 2,068,550,936.58 [50] - The total equity attributable to shareholders increased to ¥2,100,233,521.70 from ¥2,015,925,910.76, reflecting a growth of approximately 4.2% [57] Market and Future Plans - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the friction materials sector [64]

Financial Performance - The company's operating revenue for 2020 was CNY 686,679,972.69, representing a 65.95% increase compared to CNY 413,787,969.95 in 2019[22] - The net profit attributable to shareholders for 2020 was CNY 316,498,485.10, a 49.08% increase from CNY 212,296,858.02 in 2019[22] - The basic earnings per share for 2020 was CNY 2.30, up 21.69% from CNY 1.89 in 2019[22] - The total assets at the end of 2020 amounted to CNY 2,725,379,235.51, a 106.75% increase from CNY 1,318,215,525.80 at the end of 2019[22] - The net profit after deducting non-recurring gains and losses for 2020 was CNY 307,502,748.26, an increase of 47.31% from CNY 208,750,128.13 in 2019[22] - The net cash flow from operating activities for 2020 was CNY 107,940,748.59, a decrease of 27.35% from CNY 148,581,632.98 in 2019[22] - Total revenue for Q4 reached ¥319,243,621.18, marking a significant increase compared to previous quarters[27] - Net profit attributable to shareholders for Q4 was ¥143,041,918.30, showing strong performance in profitability[27] - The net cash flow from operating activities in Q4 was positive at ¥171,963,905.45, indicating improved cash generation capabilities[27] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 3 per 10 shares and issue 7 bonus shares for every 10 shares held[5] - The company distributed a cash dividend of RMB 3.00 per 10 shares, totaling RMB 45,048,000.00, which represents 14.23% of the net profit attributable to ordinary shareholders[144] - In 2019, the company distributed a cash dividend of RMB 10.00 per 10 shares, totaling RMB 150,160,000.00, which accounted for 70.73% of the net profit attributable to ordinary shareholders[146] - The company has committed to maintaining its cash dividend policy, ensuring that the proportion of cash dividends meets regulatory requirements[145] - The company’s cash dividend policy is designed to balance shareholder returns with the need for reinvestment in growth opportunities[145] Research and Development - The company has a strong focus on R&D for high-end braking products used in military and civil aviation, with a significant market presence[36] - The company’s research and development process includes multiple stages, ensuring comprehensive validation and testing of new products[42] - The company has developed proprietary technologies in brake systems, including a new carbon/carbon composite material preparation technology that meets international advanced standards[51] - The R&D team has received multiple honors, including the "National Key New Product Award" and "Beijing Science and Technology Award Third Prize," showcasing the company's strong technical capabilities[51] - Research and development expenses increased by 46.22% to ¥49,854,221.38, primarily due to increased investment in R&D by the parent company and the consolidation of the subsidiary[85] Market Strategy and Expansion - The company aims to expand its market share in civil aviation and high-speed rail braking systems, diversifying its revenue sources[36] - The company plans to expand its core military product capacity and accelerate the introduction of new products into the military, targeting a significant increase in military product profit margins over the next five years[59] - In the civil market, the company will actively pursue the localization of aircraft wheel production for Airbus and Boeing, aiming to establish civil aviation standards and expand its market presence[59] - The company plans to establish a maintenance base for military and civilian aircraft landing gear systems, anticipating profitability within 2-3 years[62] - The company plans to apply for an initial public offering (IPO) and listing with the China Securities Regulatory Commission[153] Risk Management - The company has outlined potential risk factors and countermeasures in its annual report, emphasizing the importance of investor awareness[5] - The company faces risks related to customer concentration, as its revenue primarily comes from a few key products and clients[132] - The company has implemented measures to manage accounts receivable risks, including establishing customer profiles and credit management[135] - The company will closely monitor the validity of military qualifications and actively manage the renewal process to mitigate risks associated with qualification loss[137] Financial Position and Investments - The company's fixed assets increased by 47.41% compared to the beginning of the period, mainly due to the consolidation of its subsidiary Jinghanyu[42] - Cash and cash equivalents increased by 134.96% compared to the beginning of the period, primarily due to funds received from fundraising activities[42] - The total amount of funds raised in 2020 was CNY 77,408.13 million, with CNY 27,280.33 million utilized by the end of the reporting period[114] - The company aims to enhance its integration capabilities and profitability through the acquisition of Beijing Jinghanyu, optimizing its industry layout and extending the industrial chain[125] - The company reported total assets of CNY 517,368,630.24 and net assets of CNY 408,101,934.17 for its subsidiary, Beijing Jinghanyu[125] Customer and Sales Performance - The military products accounted for 95.06% of total revenue, generating 653 million yuan, a year-on-year increase of 62.02%[72] - The total sales amount of the top five customers reached ¥481,846,165.78, accounting for 70.17% of the annual total sales[82] - The sales amount from the largest customer was ¥220,964,584.45, representing 32.18% of the annual total sales[82] - The company’s subsidiary, Jinghanyu, contributed 131 million yuan in sales from September to December 2020 after being consolidated into the financial statements[66] Future Outlook - Future guidance indicates a revenue target of 1.8 billion RMB for 2021, reflecting a growth rate of 20%[179] - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[179] - A strategic partnership with a leading automotive manufacturer is expected to boost sales by 30% in the next fiscal year[179] - The company plans to allocate 100 million RMB for R&D in new technologies aimed at enhancing product efficiency and sustainability[179]

北京北摩高科摩擦材料股份有限公司 2020 年第三季度报告全文 北京北摩高科摩擦材料股份有限公司 2020 年第三季度报告 2020 年 10 月 1 北京北摩高科摩擦材料股份有限公司 2020 年第三季度报告全文 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。 公司负责人王淑敏、主管会计工作负责人王淑敏及会计机构负责人(会计主 管人员)刘健声明：保证季度报告中财务报表的真实、准确、完整。 2 北京北摩高科摩擦材料股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|------------------ ...