编号：2022-017 证券代码：003025 证券简称：思进智能 思进智能成形装备股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|---------------------------------------------------------------------------------------------------------|--------------------------------------------------------| | 投资者关系活动 \n类别 | □特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 \n□现场参观 ■电话会议 \n□其他 | | | 参与单位名称及 | | | | 人员姓名 （排名不分先后） | 瀚川投资：胡金戈、邱露瑜 海通证券：赵玥炜、黄思怡 | | | | | | | | | | | 时间 | 2022 年 9 月 5 日下午 | 15:00 - 16:30 | | 地点 公司会议室 | | | | 上市公司接待人 员姓 ...

Group 1: Company Overview and Product Development - The company has successfully developed multiple cold forming machines, including the SJBP-88S and SJBP-108S models, as well as various military equipment [1][3] - The successful development of military forming equipment signifies an enhancement in the company's technological innovation capabilities [3] - The company has completed the delivery of several models, including the SJBS-106R and SJBL-105, indicating a robust product chain expansion [3] Group 2: Market Demand and Revenue Growth - In the first half of 2022, the company benefited from policies promoting high-end equipment manufacturing and new infrastructure construction, leading to increased demand for cold forming equipment [4] - The export share of the company significantly increased, with overseas order deliveries growing by approximately 104.96% compared to the same period last year [4] - The downstream application fields for cold forming equipment include automotive, machinery, nuclear power, and aerospace, among others [3][4] Group 3: Financial Performance and Cost Management - Despite a challenging macroeconomic environment in the first half of 2022, the company's gross profit margin remained stable due to effective cost optimization strategies [5] - The company employs a pricing model that mitigates the impact of raw material price fluctuations on profitability, adjusting prices with suppliers approximately every six months [5][6] Group 4: Production Capacity and Utilization - The company's production capacity utilization rate is consistently high, with significant investments in large processing centers and imported equipment [6] - As of June 30, 2022, the company has utilized approximately RMB 300 million of the raised funds for project construction, which has been completed on schedule [6] Group 5: Future Development Directions - In the next two years, the company plans to expand production capacity and enhance its product series, focusing on intelligent, high-station, and environmentally friendly cold forming equipment [7][8] - The company aims to achieve breakthroughs in precision hot forming technology to reduce reliance on imported equipment and address domestic market needs for complex parts [8]

[Major Financial Data](index=1&type=section&id=Item%20I.%20Major%20Financial%20Data) This section presents the company's key financial performance, position, non-recurring items, and analysis of significant financial indicator changes [Major Accounting Data and Financial Indicators](index=1&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20Major%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved robust operating performance in Q3 2022 and year-to-date, with Q3 revenue growing by 23.04% and net profit attributable to shareholders by 33.13%, demonstrating strong profitability and growth Key Financial Indicators for Q3 2022 and Year-to-Date | Indicator | Current Period (Q3) (RMB) | YoY Change | Year-to-Date (Q1-Q3) (RMB) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 115,703,362.24 | 23.04% | 366,643,101.67 | 7.93% | | Net Profit Attributable to Shareholders of Listed Company | 33,336,913.92 | 33.13% | 107,905,240.59 | 20.65% | | Net Profit Attributable to Shareholders Excluding Non-recurring Items | 31,415,917.57 | 45.52% | 96,832,242.04 | 15.61% | | Net Cash Flow from Operating Activities | - | - | 24,166,685.98 | -74.74% | | Basic Earnings Per Share (RMB/share) | 0.20 | 33.13% | 0.66 | 20.00% | | Weighted Average Return on Net Assets | 3.49% | 0.61% | 11.33% | 1.00% | Key Balance Sheet Indicators as of September 30, 2022 | Indicator | End of Current Period (RMB) | End of Prior Year (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,175,840,955.56 | 1,140,839,370.27 | 3.07% | | Total Owner's Equity Attributable to Shareholders of Listed Company | 972,442,050.87 | 915,182,510.28 | 6.26% | [Non-recurring Gains and Losses and Amounts](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) Year-to-date non-recurring gains and losses totaled **RMB 11.07 million**, primarily from investment income on financial assets and government subsidies Year-to-Date Non-recurring Gains and Losses Items | Item | Amount (RMB) | | :--- | :--- | | Investment income from holding transactional financial assets, etc | 8,302,538.24 | | Government subsidies recognized in current profit or loss | 4,427,799.64 | | Gains or losses on disposal of non-current assets | 30,892.48 | | Other non-operating income and expenses | 273,811.06 | | Less: Income tax impact | 1,962,042.87 | | **Total** | **11,072,998.55** | [Analysis of Changes in Major Financial Data and Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20Analysis%20of%20Changes%20in%20Major%20Financial%20Data%20and%20Indicators) During the reporting period, significant changes occurred across various financial indicators, including a substantial increase in fixed assets, a sharp decrease in financial expenses due to exchange gains, and a 74.74% decline in operating cash flow - Fixed assets significantly increased by **188.72%** from the beginning of the year, while construction in progress decreased by **86.18%**, primarily due to the completion and capitalization of the "Multi-station High-speed Precision Intelligent Forming Equipment Production Base Project"[6](index=6&type=chunk) - Financial expenses decreased significantly by **196.38%** year-on-year, mainly due to increased exchange gains[7](index=7&type=chunk) - Net cash flow from operating activities decreased by **74.74%** year-on-year, primarily due to increased cash payments for goods purchased as the company expanded inventory for capacity enhancement after the new production base commenced operations[7](index=7&type=chunk) - Net cash flow from investing activities increased by **111.39%** from **-RMB 414 million** in the prior year to **RMB 47 million** in the current period, mainly due to the redemption of maturing bank structured deposits[7](index=7&type=chunk) [Shareholder Information](index=3&type=section&id=Item%20II.%20Shareholder%20Information) This section details the company's common shareholding structure, including the total number of shareholders and the top ten shareholders' holdings [Common Shareholding Status](index=3&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20Total%20Number%20of%20Common%20Shareholders%2C%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Holdings) As of the end of the reporting period, the company had **13,226** common shareholders, with a relatively concentrated equity structure where the top ten shareholders hold a significant combined stake - As of the end of the reporting period, the company had a total of **13,226** common shareholders[9](index=9&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Li Zhongming | 21.34% | 34,831,208 | | Ningbo Sijin Chuangda Investment Consulting Co., Ltd. | 19.03% | 31,056,564 | | Ningbo Fuboruiqi Venture Capital Center (Limited Partnership) | 9.08% | 14,811,479 | | Ningbo Guojun Trading Co., Ltd. | 6.43% | 10,487,954 | | Li Mengsi | 5.67% | 9,258,930 | - Shareholders Li Zhongming and Li Mengsi are the controlling shareholders and actual controllers of the company, acting in concert with Chuangda Investment and Guojun Trading[10](index=10&type=chunk) [Preferred Shareholding Status](index=4&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20Total%20Number%20of%20Preferred%20Shareholders%20and%20Top%2010%20Preferred%20Shareholders%27%20Holdings) The company has no preferred shareholders - There were no preferred shareholders in the company during the reporting period[11](index=11&type=chunk) [Other Significant Matters](index=4&type=section&id=Item%20III.%20Other%20Significant%20Matters) During the reporting period, the company completed its 2021 profit distribution and capital reserve capitalization, increasing total share capital to **163,191,700** shares, while also extending two fundraising projects and progressing with production base relocation - On June 10, 2022, the company completed its 2021 profit distribution and capital reserve capitalization, with a plan of a **RMB 4.5** cash dividend (tax inclusive) and **4.5** bonus shares for every 10 shares, increasing the total share capital to **163,191,700** shares[11](index=11&type=chunk)[12](index=12&type=chunk) - In April and August 2022, the company decided to extend the planned operational dates for two fundraising projects: the "Marketing and Service Network Construction Project" and the "Engineering Technology R&D Center Construction Project"[13](index=13&type=chunk) - The company's production base relocation is ongoing, with plans to deliver the relocated land and buildings to the acquiring party by June 30, 2023[13](index=13&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section presents the company's unaudited consolidated financial statements for the third quarter and year-to-date 2022 [Financial Statements](index=6&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20Financial%20Statements) This chapter provides the company's unaudited consolidated balance sheet as of September 30, 2022, and the consolidated income statement and cash flow statement for the year-to-date period [Consolidated Balance Sheet](index=6&type=section&id=1%E3%80%81Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets were **RMB 1.18 billion**, a **3.07%** increase from the beginning of the year, with owner's equity attributable to the parent company at **RMB 972.44 million**, up **6.26%** Key Items from Consolidated Balance Sheet | Item | September 30, 2022 (RMB) | December 31, 2021 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,175,840,955.56 | 1,140,839,370.27 | 3.07% | | Total Liabilities | 203,398,904.69 | 225,656,859.99 | -9.86% | | Total Owner's Equity Attributable to Parent Company | 972,442,050.87 | 915,182,510.28 | 6.26% | [Consolidated Income Statement (Year-to-Date)](index=8&type=section&id=2%E3%80%81Consolidated%20Income%20Statement%20(Year-to-Date)) In the first three quarters of 2022, total operating revenue reached **RMB 367 million**, a **7.93%** increase, with net profit attributable to parent company shareholders at **RMB 108 million**, up **20.65%** Key Items from Consolidated Income Statement (Jan-Sep 2022) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 366,643,101.67 | 339,712,892.63 | 7.93% | | Operating Profit | 128,133,433.83 | 108,395,125.70 | 18.21% | | Total Profit | 128,299,357.01 | 106,631,812.96 | 20.32% | | Net Profit | 107,905,240.59 | 89,439,711.06 | 20.65% | [Consolidated Cash Flow Statement (Year-to-Date)](index=9&type=section&id=3%E3%80%81Consolidated%20Cash%20Flow%20Statement%20(Year-to-Date)) In the first three quarters of 2022, net cash flow from operating activities significantly decreased by **74.74%** to **RMB 24.17 million**, while investing cash flow turned positive to **RMB 47.10 million**, and financing cash flow was **-RMB 50.65 million** Key Items from Consolidated Cash Flow Statement (Jan-Sep 2022) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 24,166,685.98 | 95,678,059.58 | -74.74% | | Net Cash Flow from Investing Activities | 47,095,927.07 | -413,594,388.37 | 111.39% | | Net Cash Flow from Financing Activities | -50,645,700.00 | -47,830,600.00 | -5.89% | | Net Increase in Cash and Cash Equivalents | 29,842,965.66 | -365,730,802.17 | 108.16% | [Audit Report](index=11&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20Audit%20Report) The financial statements in this quarterly report are unaudited - The company's Q3 2022 report is unaudited[24](index=24&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥250.94 million, representing a 2.14% increase compared to ¥245.68 million in the same period last year[19]. - Net profit attributable to shareholders of the listed company reached approximately ¥74.57 million, a 15.79% increase from ¥64.40 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥65.42 million, up 5.22% from ¥62.17 million in the same period last year[19]. - The basic earnings per share increased to ¥0.46, reflecting a 17.95% rise from ¥0.39 in the previous year[19]. - The total assets at the end of the reporting period were approximately ¥1.16 billion, a 2.04% increase from ¥1.14 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were approximately ¥939.11 million, up 2.61% from ¥915.18 million at the end of the previous year[19]. - The net cash flow from operating activities was approximately ¥15.80 million, a significant decrease of 74.75% compared to ¥62.59 million in the same period last year[19]. - The weighted average return on net assets was 7.83%, an increase of 0.41% from 7.42% in the previous year[19]. Market Position and Product Development - The company is recognized as a leading manufacturer in the multi-station automatic cold forming equipment sector, achieving significant market share and technological advancements[27]. - The company aims to increase R&D investment and expand production capacity to enhance its market position and reduce the gap with international competitors[29]. - The main products include multi-station high-speed automatic cold forming equipment, which can produce dozens to hundreds of parts per minute, improving efficiency and material utilization[31]. - The company has established a strong presence in various industries, including automotive, machinery, nuclear power, and aerospace, indicating a diverse customer base[32]. - The company has successfully replaced some imported products with its domestic offerings, showcasing its competitive edge in technology[27]. - The company’s multi-station cold forming equipment has received multiple industry awards, enhancing its brand recognition and credibility[29]. - The company is focused on continuous improvement in marketing and after-sales service capabilities to further solidify its leading advantage in the domestic market[29]. - The company has developed several new models, including the SJBP-88S and SJBP-108S, enhancing its product line and technological capabilities[38]. Financial Management and Investments - The company reported a substantial increase in investment income, reaching ¥6,419,462.27, a 1,900.73% increase from ¥320,856.36 in the previous year[52]. - The company has 97 patents as of June 30, 2022, including 25 invention patents, indicating a strong focus on technological innovation and intellectual property protection[45]. - The company maintains a flexible procurement model, ensuring stable prices for raw materials through annual framework contracts with suppliers[40]. - The company has established a complete production system including product R&D, metal processing, assembly, and testing, which has led to continuous business expansion during the reporting period[42]. - The company has ongoing investments in construction projects, with "in-progress construction" valued at CNY 5,720,186.62 as of June 30, 2022[148]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company is committed to protecting the rights of shareholders, especially minority shareholders, and enhancing transparency[91]. - The total number of shares increased from 112,546,000 to 163,191,700 after the capital reserve conversion and profit distribution, with a cash dividend of RMB 4.50 per 10 shares totaling RMB 50,645,700[126][127]. - The largest shareholder, Li Zhongming, holds 21.34% of the shares, totaling 34,831,208 shares, with an increase of 10,809,685 shares during the reporting period[134]. - The company’s major shareholders include Ningbo Sijin Chuangda Investment Consulting Co., Ltd. and Ningbo Fuboruiqi Venture Capital Center, with significant shareholdings[131]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[4]. - The company faces risks from macroeconomic changes that could reduce demand for cold forming equipment if the economy slows down[79]. - The company has not faced any environmental penalties during the reporting period and is not classified as a key pollutant discharge unit[89]. - The company has not reported any major litigation or arbitration matters during the reporting period[103]. Corporate Social Responsibility - The company established a charitable fund, donating RMB 100,000 annually for five years starting in 2022 to support charity in Ningbo High-tech Zone[95]. - The company focuses on employee welfare and training, particularly for skilled workers, to strengthen its technical capabilities[92].

Financial Performance - The company's revenue for Q1 2022 was CNY 128,307,176.31, representing a 9.41% increase compared to CNY 117,271,936.79 in the same period last year[2] - Net profit attributable to shareholders was CNY 40,576,772.40, a 35.05% increase from CNY 30,045,509.94 year-over-year[2] - Basic and diluted earnings per share increased by 33.33% to CNY 0.36 from CNY 0.27 in the same quarter last year[2] - The total operating revenue for Q1 2022 was CNY 128,307,176.31, an increase of 9.0% compared to CNY 117,271,936.79 in Q1 2021[14] - The net profit for Q1 2022 reached CNY 40,576,772.40, representing a 35.0% increase from CNY 30,045,509.94 in Q1 2021[15] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 10,049,541.84, a decline of 161.54% compared to a positive CNY 16,330,597.53 in the previous year[2] - Cash and cash equivalents increased by CNY 35,536,859.23, a 110.28% rise due to improved cash flow from investment activities[6] - Operating cash inflow for the current period was $82,621,407.06, an increase from $75,094,699.09 in the previous period, representing a growth of approximately 3.4%[18] - Operating cash outflow for the current period was $92,670,948.90, compared to $58,764,101.56 in the previous period, indicating a significant increase of approximately 57.7%[18] - Cash inflow from investment activities totaled $331,463,382.86, with a net cash flow of $45,834,765.22, a recovery from a negative cash flow of -$359,093,898.91 in the previous period[19] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 1,171,029,882.02, up 2.65% from CNY 1,140,839,370.27 at the end of the previous year[2] - The total liabilities decreased to CNY 215,270,599.34 in Q1 2022 from CNY 225,656,859.99 in Q1 2021, a reduction of approximately 4.0%[13] - The company's inventory stands at RMB 261,717,489.88, up from RMB 243,303,832.62 at the beginning of the year[11] - The accounts receivable amount to RMB 47,240,704.44, slightly down from RMB 49,455,812.34 at the beginning of the year[11] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,203[7] - The largest shareholder, Li Zhongming, holds 21.34% of the shares, totaling 24,021,523 shares[7] - The second largest shareholder, Ningbo Sijin Chuangda Investment Consulting Co., holds 19.03% of the shares, totaling 21,418,320 shares[7] Government Support and Other Income - The company received government subsidies amounting to CNY 1,587,831.12, which contributed to the increase in other income by 322.66%[5] - Investment income for the quarter was CNY 5,141,870.63, marking a 100% increase attributed to enhanced cash management returns[5] Research and Development - Research and development expenses for Q1 2022 were CNY 2,805,280.39, a decrease from CNY 3,874,836.13 in Q1 2021, reflecting a reduction of 27.5%[14] Cash Management - The company has approved the use of up to RMB 150 million of idle raised funds for cash management[9] - The company has also approved the use of up to RMB 300 million of its own idle funds for cash management[9] Other Financial Information - The company reported a financial income of CNY 422,764.20 in Q1 2022, down from CNY 1,182,243.73 in Q1 2021, indicating a significant decrease in financial performance[14] - The report for the first quarter was not audited[20]

Financial Performance - The company reported a total revenue of RMB 1.125 billion for the year 2021, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[14]. - The company's operating revenue for 2021 was ¥477,643,253.67, representing a 23.08% increase compared to ¥388,062,815.33 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥123,460,355.45, a 31.86% increase from ¥93,633,315.68 in 2020[19]. - The total assets at the end of 2021 were ¥1,140,839,370.27, a 15.27% increase from ¥989,742,303.80 at the end of 2020[19]. - The net cash flow from operating activities was ¥131,368,043.06, up 7.07% from ¥122,689,856.78 in 2020[19]. - The company reported a total investment income of 5,230,636.01 CNY, accounting for 3.55% of total profit[71]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a year-over-year growth of 25%[172]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15%[176]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[14]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[14]. - The company plans to enhance its market competitiveness and sustainable development capabilities by strengthening its technological leadership in the domestic cold forming equipment industry[94]. - Market expansion plans include entering two new international markets, aiming for a 10% market share within the first year[108]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of 300 million yuan earmarked for potential deals[108]. - The company is considering strategic acquisitions to enhance its product offerings and market presence[172]. Research and Development - The company has allocated RMB 100 million for research and development in new technologies for the upcoming fiscal year[14]. - The company’s R&D efforts led to significant growth in new product orders, particularly in electric tools and construction machinery, with electric tools orders increasing by 396.85% year-on-year[39]. - Research and development expenses increased by 25.72% to ¥17,242,454.08, reflecting the company's commitment to innovation[64]. - The company is investing heavily in R&D, allocating 15% of its revenue to develop new technologies and enhance existing products[108]. - The company is investing in R&D, allocating 10% of its revenue towards developing new technologies and products[173]. Product Development and Innovation - New product development includes the launch of a high-efficiency cold forming machine, expected to increase production capacity by 40%[14]. - The company successfully developed new models including the SJBP-88S and SJBP-108S, enhancing its product line and technological capabilities[40]. - The company plans to enhance its technology R&D platform and develop new products such as SJNP/SJPF series intelligent cold forming equipment and SJBP series multi-station cold forming equipment to maintain its industry-leading position[96]. - The company is focusing on the development of multi-station intelligent precision warm forging equipment, aiming to break the reliance on imports in the precision warm forging equipment sector[95]. Customer and Market Insights - User data indicates a growth in the customer base by 25%, reaching a total of 10,000 active users by the end of 2021[14]. - User data showed an increase in active users, reaching 500,000, which is a 40% increase compared to the previous year[106]. - Customer satisfaction ratings have improved, with a reported increase of 15% in positive feedback from users[106]. Governance and Management - The company maintains a complete and independent operational structure, separating its operations from those of its controlling shareholders[115]. - The management team has established a comprehensive internal control system that is effectively implemented across all levels of the company[117]. - The company has established a detailed compensation policy to attract and retain talent, linking salaries to performance metrics[151]. - The company has a strong management team with diverse backgrounds, including expertise in engineering, finance, and trade, enhancing its operational capabilities[132][133]. Sustainability and Corporate Responsibility - The management emphasized a commitment to sustainability, aiming to reduce carbon emissions by 25% over the next five years[108]. - The company has committed to sustainability initiatives, targeting a 50% reduction in carbon emissions by 2025[174]. - The company has implemented a charitable fund, donating RMB 50,000 annually to the Ningbo Charity Federation for five years[169]. - The company sponsored RMB 2 million for public infrastructure and environmental improvement in the Cixi Binhai Economic Development Zone[169]. Financial Management and Shareholder Relations - The company plans to implement a stock repurchase program to stabilize its stock price, with a maximum repurchase amount not exceeding 20% of the net profit attributable to shareholders from the previous fiscal year[177]. - The company will ensure that any stock repurchase does not lead to a non-compliance with listing conditions regarding share distribution[177]. - The company emphasizes the importance of protecting the interests of small and medium investors during compensation negotiations[181]. - The company will publicly disclose reasons for any failure to implement share repurchase and compensation measures[181]. Awards and Recognition - The company was recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology in July 2021, highlighting its innovation and market leadership[30]. - The company’s multi-station cold heading equipment achieved a quality innovation award in a national competition, enhancing its brand recognition[30]. - The company has been recognized with multiple awards, including "National Key New Product" and "Zhejiang Brand Product," enhancing its brand reputation[51].

Financial Performance - Revenue for Q3 2021 was CNY 94,034,705.05, a decrease of 10.58% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 25,041,438.90, an increase of 6.94% year-on-year[2] - Net profit excluding non-recurring gains and losses was CNY 21,589,424.37, down 4.48% from the previous year[2] - Total operating revenue for Q3 2021 reached ¥339,712,892.63, an increase of 22.8% compared to ¥276,539,732.19 in Q3 2020[21] - Net profit for Q3 2021 was ¥89,439,711.06, representing a 19.6% increase from ¥74,732,163.92 in Q3 2020[22] Assets and Liabilities - Total assets at the end of Q3 2021 reached CNY 1,065,880,052.54, a 7.69% increase from the end of the previous year[2] - Total current assets as of September 30, 2021, amounted to ¥744,140,844.60, slightly down from ¥750,060,121.43 at the end of 2020[17] - Total assets increased to ¥1,065,880,052.54 as of September 30, 2021, compared to ¥989,742,303.80 at the end of 2020, marking a growth of 7.7%[18] - The company’s total liabilities increased to ¥184,718,186.65 from ¥154,609,548.97, reflecting a growth of 19.5%[18] Cash Flow - The company’s cash flow from operating activities for the year-to-date was CNY 95,678,059.58, up 32.56%[2] - Cash inflow from operating activities totaled ¥265,931,191.80, up from ¥170,967,833.24, an increase of 55.5%[25] - Net cash flow from operating activities increased to ¥95,678,059.58 from ¥72,174,686.14, representing a growth of 32.5%[25] - Cash flow from financing activities showed a net outflow of CNY 47,830,600.00, an increase of 66.68% compared to the previous period[10] - Cash flow from financing activities resulted in a net outflow of -¥47,830,600.00, compared to -¥28,695,850.00 in the previous period[25] Investments and Expenses - Research and development expenses increased by 117.45% to CNY 12,590,666.45 for the first nine months of 2021[9] - Investment income surged by 8970.31% to CNY 5,004,220.92, primarily due to increased bank wealth management returns[9] - Cash outflow for purchasing goods and services rose to ¥74,152,083.31 from ¥23,372,985.68, a significant increase of 217.5%[25] - The company reported a 96.76% increase in cash payments for the acquisition of fixed assets, intangible assets, and other long-term assets, totaling CNY 88,673,763.65[10] - Cash outflow for fixed asset purchases was ¥88,673,763.65, compared to ¥45,067,386.21, marking an increase of 96.7%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,614[12] - Major shareholder Li Zhongming holds 21.34% of the shares, amounting to 24,021,523 shares[12] - The equity attributable to the parent company reached ¥881,161,865.89, up from ¥835,132,754.83, showing a growth of 5.5%[18] Other Notable Events - The company held a third extraordinary general meeting on August 25, 2021, to elect the fourth board of directors and supervisory board[14] - The company appointed senior management personnel during the first meeting of the fourth board of directors on August 25, 2021[14] - The company did not require adjustments to the balance sheet for the new leasing standards implemented in 2021[27]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥245,678,187.58, representing a 43.35% increase compared to ¥171,382,474.75 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥64,398,272.16, up 25.49% from ¥51,315,649.49 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥62,170,001.60, a significant increase of 57.58% compared to ¥39,451,940.13 in the same period last year[22]. - The net cash flow from operating activities was ¥62,592,069.74, which is a 41.44% increase from ¥44,253,354.12 in the previous year[22]. - The total assets at the end of the reporting period were ¥1,029,356,006.95, reflecting a 4.00% increase from ¥989,742,303.80 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥856,120,426.99, which is a 2.51% increase from ¥835,132,754.83 at the end of the previous year[22]. - Basic earnings per share decreased by 6.56% to ¥0.57 from ¥0.61 in the same period last year[22]. - The weighted average return on net assets was 7.42%, down 5.19% from 12.61% in the previous year[22]. Research and Development - Research and development expenses surged to ¥8,282,134.35, a significant increase of 243.51% from ¥2,411,032.81 in the previous year, reflecting the company's commitment to enhancing R&D efforts[56]. - The company is currently developing the SJBP-108S model of eight-station cold forming equipment, which has entered the prototype testing phase[39]. - The company has seen significant order growth from new fields such as electric and pneumatic tools, driven by strong market demand and increased R&D investment[38]. - The company aims to increase R&D investment and expand production capacity to maintain its leading advantage in the domestic market and reduce the gap with international peers[48]. - The company has 86 patents, including 25 invention patents, and has participated in the formulation of 4 national/industry standards, showcasing its strong technological capabilities[49]. Market and Product Development - The company’s main products include multi-station high-speed automatic cold forming equipment and die-casting machines, primarily used in various industries such as automotive and aerospace[30][36]. - The company has established a stable procurement model with suppliers, ensuring relative price stability for key raw materials[40]. - The company is focused on enhancing its cold forming technology to promote the upgrade of the fastener and special-shaped parts industry[30]. - The company has established a complete production system including product R&D, machining, assembly, and testing, which has expanded its business scale and improved supply speed[43]. - The company has a high product cost-performance ratio, with its products achieving quality and performance close to international advanced levels while maintaining lower prices compared to foreign competitors[50]. Financial Position and Cash Flow - The gross profit margin improved to 39.87%, up from 37.85% in the previous year, indicating better cost management and pricing strategies[62]. - The company reported a substantial increase in foreign revenue, which rose by 89.43% to ¥15,053,181.26, compared to ¥7,946,371.10 in the previous year, highlighting successful market expansion efforts[60]. - The company's total assets composition showed a significant decrease in cash and cash equivalents, which fell to ¥168,516,614.10, down 34.13% from ¥499,815,924.66, mainly due to investment expenditures[67]. - The company’s sales expenses increased by 40.25% to ¥8,440,343.38, compared to ¥6,017,862.76 in the previous year, attributed to higher employee compensation and after-sales service costs[56]. - The company reported a total cash inflow from investment activities of CNY 60,339,458.84, a significant increase from CNY 4,606,798.00 in the previous year[166]. Risks and Challenges - The company faces risks related to macroeconomic changes that could impact customer investment in fixed assets, potentially reducing demand for cold forming equipment[77]. - Product development risks are present due to the customized nature of the company's equipment, which requires rapid adaptation to client specifications[78]. - Management risks may arise from the expansion of business scale, necessitating higher standards in governance and internal controls[79]. Shareholder and Equity Information - The company reported a total share capital increase to 112,546,000 shares after a capital reserve conversion of 32,156,000 shares[124]. - A cash dividend of RMB 5.40 per 10 shares was distributed, totaling RMB 43,410,600 (including tax)[124]. - The company’s shareholder structure includes 75% of shares under limited sale conditions, with significant holdings by domestic investors[124]. - Major shareholder Li Zhongming holds 21.34% of shares, totaling 24,021,523 shares, with an increase of 6,863,292 shares during the reporting period[132]. - The second largest shareholder, Ningbo Sijin Chuangda Investment Consulting Co., Ltd., holds 19.03% of shares, totaling 21,418,320 shares, with an increase of 6,119,520 shares[132]. Legal and Compliance Matters - The company is involved in a legal dispute with Luoyang Locomotive and Rolling Stock Parts Co., Ltd. regarding a sales contract totaling 4,360,000.00 yuan[114]. - The company is seeking payment of 1,009,476.22 yuan in remaining goods payment and interest losses from Luoyang Locomotive[114]. - Luoyang Locomotive has filed a counterclaim seeking to rescind the sales contract and return 1,207,940 yuan for the purchased equipment[115]. - The company has not reported any significant new product developments or market expansions in the current report[122]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[96].

Financial Performance - The company's operating revenue for Q1 2021 was ¥117,271,936.79, representing a 172.30% increase compared to ¥43,067,601.37 in the same period last year[7] - The net profit attributable to shareholders for Q1 2021 was ¥30,045,509.94, a significant increase of 277.59% from ¥7,957,132.12 in the previous year[7] - Basic earnings per share for Q1 2021 were ¥0.37, up 184.62% from ¥0.13 in the same quarter last year[7] - Operating revenue increased by 172.30% to ¥117.27 million, driven by a rise in orders[14] - Net profit rose by 277.59% to ¥30.05 million, primarily due to increased sales revenue[15] - The company's operating revenue for the current period is 79,840,569.11, a significant increase from 29,474,810.71 in the previous period, representing a growth of approximately 170.5%[44] - The net profit for the current period is 22,621,132.84, compared to 5,793,695.44 in the previous period, indicating an increase of about 290.5%[45] - The operating profit for the current period is 26,019,260.91, up from 7,187,481.18 in the previous period, reflecting a growth of approximately 262.5%[45] Cash Flow - The net cash flow from operating activities reached ¥16,330,597.53, marking a 346.77% increase compared to ¥3,655,289.92 in Q1 2020[7] - The net cash flow from operating activities for the first quarter was ¥11,897,669.87, a significant increase from ¥1,739,531.27 in the previous period, representing a growth of approximately 584%[51] - Total cash inflow from operating activities was ¥64,010,220.53, compared to ¥37,048,597.92 in the prior period, indicating a rise of about 73%[51] - The cash flow from investing activities showed a significant outflow of ¥359.09 million, primarily due to the purchase of bank financial products[15] - Cash outflow from investing activities totaled ¥358,839,366.16, a substantial increase from ¥5,579,163.45, reflecting a strategic investment approach[53] - The net cash flow from investing activities was -¥358,839,366.16, compared to -¥5,573,708.65 in the previous period, showing a deeper investment commitment[53] - The company reported a decrease in financial outflows related to financing activities, with a net cash flow of -3,147,756.27 compared to a positive inflow in the previous period[50] - The net cash flow from financing activities was -¥3,156,203.22, contrasting with a positive inflow of ¥1,645,615.70 in the prior period, highlighting a shift in financing strategy[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,019,745,721.51, reflecting a 3.03% increase from ¥989,742,303.80 at the end of the previous year[7] - The total amount of funds raised was ¥428.93 million, with a net amount of ¥378.98 million after deducting fees[19] - As of March 31, 2021, the company had utilized ¥190.67 million of the raised funds, with a remaining balance of ¥189.01 million[20] - The company's total liabilities increased slightly from CNY 154.61 million to CNY 155.57 million, an increase of about 0.6%[32] - Total liabilities as of March 31, 2021, were CNY 119,056,291.84, down from CNY 125,509,165.38 at the end of 2020[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,350[10] - The top shareholder, Li Zhongming, holds 21.34% of the shares, totaling 17,158,231 shares[10] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11] Research and Development - Research and development expenses surged by 265.72% to ¥3.87 million, reflecting higher investment in R&D[14] - Research and development expenses for the current period amount to 3,437,957.83, compared to 842,437.85 in the previous period, indicating a growth of about 308.5%[44] Government Support - The company received government subsidies amounting to ¥400,690.83 during the reporting period[8] Investor Relations - The company conducted investor relations activities, including a phone communication with institutions on March 3, 2021[25] Financial Management - Total entrusted financial management amount reached CNY 33 million, with no overdue amounts reported[23] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[24] - There were no instances of expected inability to recover principal or other impairment risks reported in entrusted financial management[23] - The company has not engaged in any illegal external guarantees during the reporting period[23] Audit Status - The company has not undergone an audit for the first quarter report, which may affect the perception of financial reliability[54]

Financial Performance - The company's operating revenue for 2020 was ¥388,062,815.33, representing an increase of 18.92% compared to ¥326,326,513.21 in 2019[6]. - The net profit attributable to shareholders for 2020 was ¥93,633,315.68, up 16.13% from ¥80,629,479.79 in 2019[6]. - The net cash flow from operating activities reached ¥122,689,856.78, a significant increase of 189.17% compared to ¥42,429,001.89 in 2019[6]. - The total assets at the end of 2020 amounted to ¥989,742,303.80, reflecting a 94.68% increase from ¥508,398,635.66 at the end of 2019[6]. - The net assets attributable to shareholders increased by 113.47% to ¥835,132,754.83 at the end of 2020, compared to ¥391,212,600.47 at the end of 2019[6]. - The basic earnings per share for 2020 was ¥1.55, representing a growth of 15.67% from ¥1.34 in 2019[6]. - The weighted average return on equity for 2020 was 22.35%[51]. - The net profit for 2020 was CNY 43,410,600, representing a 44% increase from CNY 30,145,000 in 2019[113]. - The net profit margin for 2020 was 46.36%, up from 37.39% in 2019[113]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 5.4 RMB per 10 shares to all shareholders, based on a total of 80,390,000 shares[4]. - The cash dividend distribution plan includes a cash dividend of CNY 5.40 per 10 shares, totaling CNY 43,410,600, which is 100% of the distributable profit[115]. - The company's total share capital will increase from 80,390,000 shares to 112,546,000 shares after the capital increase[115]. - The company will not issue bonus shares but will increase the share capital by 4 shares for every 10 shares held, resulting in a total share capital increase of 32,156,000 shares[115]. - The total distributable profit for the year was CNY 241,785,504.48[113]. Business Operations and Strategy - The company focuses on the research, production, and sales of multi-station high-speed automatic cold forming equipment and die-casting equipment[26]. - The main product, multi-station high-speed automatic cold forming equipment, can produce dozens to hundreds of various metal parts per minute, enhancing production efficiency[27]. - The company has developed over thirty models of die-casting equipment, primarily used for casting alloy products from non-ferrous metals like aluminum and zinc[29]. - The company aims to increase its market share by enhancing research and development investments and expanding production capacity[39]. - The company plans to enhance its production capacity significantly with the upcoming launch of a multi-station high-speed precision intelligent forming equipment production base[64]. - The company has committed to invest RMB 37,898.27 million in various projects, with 90% of the investment already allocated[88]. - The multi-station high-speed precision intelligent forming equipment production base project has a total investment of RMB 24,200 million, with 90% of the investment completed by June 2022[88]. Research and Development - The company completed the design of 5 new models of cold forming equipment in 2020, enhancing product series[52]. - Research and development expenses surged by 131.59% to ¥13,715,272.30, reflecting increased investment in innovation[71]. - The company's R&D investment in 2020 amounted to ¥17,066,694.83, representing 4.40% of total revenue, a decrease of 0.15% compared to 2019[73]. - The number of R&D personnel increased by 23.33% from 30 in 2019 to 37 in 2020, with R&D personnel now accounting for 11.94% of the total workforce[72]. - The company has developed several core production technologies for cold forming equipment, enhancing product performance and application across various industries[72]. Market and Sales Performance - Revenue from cold forming equipment accounted for ¥360,954,771.41, which is 93.01% of total revenue, with a year-on-year growth of 17.86%[61]. - Domestic sales reached ¥375,577,699.68, a 27.86% increase compared to ¥293,742,472.25 in 2019, while international sales dropped by 61.68% to ¥12,485,115.65[61]. - The company sold 743 units of general equipment in 2020, marking a 37.34% increase from 541 units in 2019[64]. - The company employs a direct sales model, utilizing industry exhibitions and online media for product promotion and customer acquisition[38]. Financial Position and Cash Flow - Cash and cash equivalents increased by 530.15% compared to the beginning of the period, mainly due to funds raised from the initial public offering[40]. - The net increase in cash and cash equivalents reached ¥413,312,221.29, a significant rise of 1,162.06% compared to a decrease of ¥38,916,195.45 in 2019[74]. - The company's investment activities resulted in a net cash outflow of ¥62,346,826.50, a 57.34% increase in outflow compared to the previous year[74]. - The company reported a significant increase in financing cash inflow, totaling ¥401,333,150.00, attributed to the net proceeds from the initial public offering[74]. Governance and Compliance - The company has established a governance structure to protect shareholder and creditor rights, ensuring accurate and timely information disclosure[158]. - The company has committed to maintaining independence in transactions with Hengmai Machinery, ensuring compliance with fair pricing principles[137]. - The company has not reported any significant related party transactions exceeding the threshold for disclosure[141]. - The company has fulfilled all commitments made by shareholders and related parties during the reporting period[116]. Risks and Challenges - The company faces risks from macroeconomic changes that could impact customer investment and demand for cold forming equipment, potentially affecting profitability[102]. - Product development risks are present due to the customized nature of cold forming equipment, requiring rapid adaptation to client specifications to maintain competitive advantage[103]. - Management risks may arise from the expansion of business scale post-IPO, necessitating higher standards in governance and internal controls to sustain profitability[104]. Employee and Social Responsibility - The company has a strong focus on employee welfare, adhering to labor laws and providing benefits to enhance employee engagement[159]. - The company donated 347,800 yuan for pandemic prevention efforts and established a charity fund to support local education[160]. - The company has a training plan that includes regular professional skills training and external training for employees[200].