关于赣州天和永磁材料有限公司 业绩承诺完成情况的专项审核报告 二、管理层的责任 三川智慧管理层的责任是提供真实、合法、完整的相关资料，按照深圳证券交易 所的相关规定编制《关于赣州天和永磁材料有限公司2023年度业绩承诺完成情况的说 明》，并保证其内容真实、准确、完整，不存在虚假记录、误导性陈述或重大遗漏。 关于赣州天和永磁材料有限公司 业绩承诺完成情况的专项审核报告 [2024]京会兴专字第00020007号 三川智慧科技股份有限公司全体股东： 我们鉴证了后附的三川智慧科技股份有限公司（以下简称"三川智慧"）管理层 编制的《关于赣州天和永磁材料有限公司2023年度业绩承诺完成情况的说明》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供三川智慧年度报告披露时使用，不得用作任何其他目的。我们同 意将本鉴证报告作为三川智慧2023年度报告的必备文件，随同其他文件一起报送并对 外披露。 三、注册会计师的责任 我们的责任是在实施鉴证工作的基础上对三川智慧管理层编制的上述说明独立 地提出鉴证结论。 四、工作概述 1 我们按照中国注册会计师执业准则的规定执行了鉴证业务。中国注册会计师执业 准则要求我们计划和实施鉴证工作 ...

三川智慧科技股份有限公司（以下简称"公司"）第七届董事会独立董事 专门会议 2024 年第一次会议于 2024 年 4 月 16 日以通讯方式召开。依照《公司 章程》《独立董事工作制度》的规定，本次会议由独立董事刘泽民先生召集并 主持。会议通知已于 2024 年 4 月 15 日以通讯方式通知了全体独立董事。本次 会议应参与表决独立董事 3 名，实际参与表决独立董事 3 名。本次会议的召 集、召开和表决程序符合《中华人民共和国公司法》及《公司章程》的有关规 定，表决所形成的决议合法、有效。经全体独立董事表决，会议决议如下： 一、审议通过《关于 2023 年度利润分配预案的议案》 2023 年度利润分配预案符合公司长远发展需要，符合公司全体股东的利 益，不存在损害投资者利益的情况，其决策程序符合有关法律法规和公司《章 程》等规定。我们同意 2023 年度利润分配预案，并同意将该预案提交公司第七 届董事会第八次会议及 2023 年度股东大会审议。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 二、审议通过《关于确认 2023 年度日常关联交易并预计 2024 年度日常关 联交易的议案》 公司与日常关联交易 ...

证券代码：300066 证券简称：三川智慧 公告编号：2024-023 三川智慧科技股份有限公司 关于 2023 年度计提资产减值损失的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 三川智慧科技股份有限公司（以下简称"公司"或"本公司"）根据《上市公司自 律监管指引第 2 号——创业板上市公司规范运作》《创业板上市公司业务办理指南第 2 号——定期报告披露相关事宜》《企业会计准则》等相关规定，2023 年度计提信用减值 损失、资产减值损失及长期股权投资减值损失共计 8,721.35 万元。 公司 2024 年 4 月 18 日召开的第七届董事会第八次会议审议通过了《关于计提信用 减值损失及资产减值损失的议案》。现将详细情况公告如下： 一、本次计提资产减值损失情况概述 1、计提资产减值准备的原因 | 类别 | 项目 | 本期计提的资产减值准 | 占 年度经审计净 2023 | | | --- | --- | --- | --- | --- | | | | 备金额（元） | 利润的比例 | | | 信用减值损失 | 应收票据坏账损失 | 75,185.64 ...

证券代码：300066 证券简称：三川智慧 公告编号：2024-024 三川智慧科技股份有限公司 关于全资子公司三川科技未完成业绩承诺及有关业绩补偿 暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 三川智慧科技股份有限公司（以下简称"公司"或"三川智慧"）于2024 年4月18日召开第七届董事会第八次会议和第七届监事会第五次会议，审议通过 了《关于三川科技未完成业绩承诺及有关业绩补偿的议案》。现将有关情况公 告如下： 一、交易的基本情况 2021年3月，经公司第六届董事会第十会议审议通过《关于收购江西三川科 技有限公司100%股权暨关联交易的议案》，公司与交易对方鹰潭三川水泵有限 公司（以下简称"三川水泵"）、胡风云、刘姚文、李胜祖、张纯洁、彭波、 肖小玲、曾福金、汪冲、祝亮平、童建斌签署《股权转让协议》，以5,700万元 人民币的价格收购其合计持有的江西三川科技有限公司（以下简称"三川科 技"）100%的股权。 2021年4月14日，三川科技完成工商变更登记手续，成为公司的全资子公 司。 二、业绩承诺的基本情况 交易对方承诺三川科技2021 ...

三川智慧科技股份有限公司审计委员会 关于第七届董事会第八次会议相关事项的审核意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创 业板上市公司规范运作》等法律、法规、规范性文件及三川智慧科技股份有限公 司（以下简称"公司"）《审计委员会实施细则》的有关规定，我们作为公司的 第七届董事会审计委员会委员，本着对公司、全体股东负责的态度，基于独立、 审慎、客观的立场，对公司第七届董事会第八次会议审议的相关事项进行了认真 审核，并发表如下意见： 一、关于 2023 年年度报告及其摘要的审核意见 董事会编制和审核的《2023 年年度报告》及其摘要，符合法律、行政法 规、中国证监会和深圳证券交易所的规定，报告内容真实、准确、完整地反映 了公司 2023 年度经营的实际情况，不存在任何虚假记载、误导性陈述或者重大 遗漏。 二、关于 2023 年度内部控制评价报告的审查意见 公司遵循内部控制的基本原则，结合自身的实际情况，不断完善内控体 系，建立健全了内部控制制度，覆盖了公司生产经营、管理的各个层面和环 节，形成了比较规范的管理体 ...

| 一、审计报告 | | 1—5 | 页 | | --- | --- | --- | --- | | 二、审计报告附件 | | | | | 1、 | 合并资产负债表 | 1—2 | 页 | | 2、 | 母公司资产负债表 | 3—4 | 页 | | 3、 | 合并利润表 | 5 | 页 | | 4、 | 母公司利润表 | 6 | 页 | | 5、 | 合并现金流量表 | 7 | 页 | | 6、 | 母公司现金流量表 | 8 | 页 | | 7、 | 合并所有者权益变动表 | 9—10 | 页 | | 8、 | 母公司所有者权益变动表 | 11—12 | 页 | | 9、 | 财务报表附注 | 13—104 | 页 | [2024] 00020019 我们审计了三川智慧科技股份有限公司（以下简称"三川智慧"）财务报表，包 括 2023 年 12 月 31 日的合并及母公司资产负债表，2023 年度的合并及母公司利润 表、合并及母公司现金流量表、合并及母公司所有者权益变动表以及相关财务报 表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制， 公允反映了三川智慧 2023 年 12 月 3 ...

证券代码：300066 证券简称：三川智慧 公告编号：2024-021 关于2024年度日常关联交易预计的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、日常关联交易基本情况 （一）日常关联交易概述 三川智慧科技股份有限公司（以下简称"公司"）因经营发展需要，2024 年度拟与关联方发生总额不超过 22,300 万元的日常关联交易。其中拟与关联方 江西川仪三川智慧水务科技有限公司（以下简称"川仪三川"）发生交易金额不 超过 6,000 万元，拟与关联方江西三川埃尔斯特水表有限公司（以下简称"三 川埃尔斯特"）发生交易金额不超过 4,800 万元，拟与关联方鹰潭市供水集团有 限公司（以下简称"鹰潭供水"）发生交易金额不超过 1,500 万元，拟与关联方 北京天川智联科技有限责任公司（以下简称"北京天川"）发生交易金额不超过 2,500 万元，拟与关联方山西万家寨三合智慧科技有限公司（以下简称"三合 科技"）发生交易金额不超过 1,500 万元，拟与赣州集盛科技有限责任公司（以 下简称"集盛科技"）发生交易金额不超过 2,000 万元，拟与苏州吾爱易达物 ...

2023年6月30日，集盛科技完成工商变更登记手续，成为公司的参股公司。 证券代码：300066 证券简称：三川智慧 公告编号：2024-026 三川智慧科技股份有限公司 关于参股公司集盛科技 2023 年度未完成业绩承诺 暨签署股权回购协议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 三川智慧科技股份有限公司（以下简称"公司"或"上市公司"）于2024 年4月18日召开第七届董事会第八次会议和第七届监事会第五次会议，审议通过 了《关于集盛科技2023年度未完成业绩承诺暨签署股权回购协议的议案》。现 将有关情况公告如下： 一、交易的基本情况 经第七届董事会第二次会议审议，并经2023年第一次临时股东大会审议通 过《关于受让赣州集盛科技有限责任公司8%股权暨关联交易的议案》，2023年6 月，公司以自有资金6,240万元人民币收购周钢华、卢圣章、彭志松、刘峰云及 彭路生合计持有的赣州集盛科技有限责任公司（以下简称"集盛科技"）8%股 权，并签署了相关《股权转让协议》。 二、业绩承诺的基本情况 根据双方签署的《股权转让协议》的约定，收购交易涉及的业绩承诺 ...

2023 年度董事会工作报告 三川智慧科技股份有限公司 2023年度董事会工作报告 2023年，三川智慧科技股份有限公司（以下简称"公司"）董事会严格按 照《公司法》《证券法》《深圳证券交易所创业板股票上市规则》《深圳证券 交易所上市公司自律监管指引第2号——创业板上市公司规范运作》等法律法 规、规范性文件以及《公司章程》《公司董事会议事规则》等规章制度的规 定，本着对全体股东负责的态度，积极有效地行使董事会职权，认真贯彻执行 股东大会通过的各项决议，勤勉尽责地开展董事会各项工作，保证了公司各项 业务持续、健康、稳定的发展。 一、2023年公司董事会总体工作情况 2023 年，全球经济增长的不均衡进一步加剧，国内经济复苏缓慢，行业竞争 激烈。面对错综复杂的国内国际形势，公司坚持稳中求进、创新发展， 智慧水 务业务实现了智能水表年发货量和发货额创历史新高，稳住了业绩基本盘；稀土 资源回收利用业务受主要稀土氧化物价格下跌影响，业绩下滑。2023 年，公司实 现营业收入 228,472.42 万元，较上年同期增长 71.57%；实现营业利润 29,333.18 万元，较上年同期增长 17.94%；实现归属于上市公司 ...

Intangible Assets and Goodwill - The company's intangible assets include land use rights, patents, non-patent technologies, software, and others, with a total book value of 94,634,916.88 yuan at the end of the period[9] - The company's goodwill includes investments in Wenling Yongling Water Meter Co., Ltd., Hangzhou Sanchuan Guode IoT Technology Co., Ltd., and Ganzhou Tianhe Permanent Magnet Materials Co., Ltd., totaling 210,544,201.81 yuan[11] Deferred Tax Assets and Liabilities - The company's deferred tax assets increased to 209,066,751.62 yuan at the end of the period, up from 170,886,267.99 yuan at the beginning of the period[15] - The company's deferred tax liabilities increased to 107,131,037.25 yuan at the end of the period, up from 31,273,560.58 yuan at the beginning of the period[16] - The company's deferred tax liabilities decreased from RMB 10,707,602.96 to RMB 5,024,221.31, indicating a reduction in future tax obligations[76] Prepaid Expenses and Short-term Borrowings - The company's prepaid engineering equipment payments amounted to 22,096,446.65 yuan at the end of the period[17] - Short-term borrowings increased significantly, with guaranteed loans rising from 30 million yuan to 191 million yuan, and total short-term borrowings reaching 199.18 million yuan[19] - The subsidiary Tianhe Yongmeng obtained a mortgage loan of 8 million yuan from China Merchants Bank Ganzhou Branch, secured by real estate and land use rights[20] - Short-term borrowings increased by 4.86% to 199,182,305.56 RMB, reflecting new borrowings during the reporting period[119] Accounts Payable and Receivable - Accounts payable decreased from 199.21 million yuan to 183.97 million yuan, with material payments accounting for the majority at 165.71 million yuan[22] - The company's accounts receivable decreased from RMB 82,971,041.29 to RMB 47,407,696.26, reflecting a significant reduction in outstanding payments[69] - Accounts receivable increased by 0.66% to 661,369,850.32 RMB, with no significant changes reported[119] - The company's accounts receivable from the top five customers accounted for 27.19% of total receivables as of December 31, 2023, up from 25.11% in the previous year[146] Patents and Intellectual Property - The company holds 453 valid patents in smart water and smart metering, including 48 invention patents and 433 software copyrights[25] - Sanchuan Wisdom added 75 new patents in 2023, including 16 invention patents, 56 utility model patents, and 3 design patents, bringing the total number of valid patents to 469[59] - The company has developed a new electromagnetic water meter with a waterproof structure, patent number ZL202222130240.6[16] - The company has introduced a new built-in transducer and ultrasonic water meter, patent number ZL202222130319.9[17] - A simplified ultrasonic industrial water meter has been developed, patent number ZL202223014593.6[18] - Sanchuan Wisdom has created a stainless steel valve-controlled ultrasonic meter housing, patent number ZL202223226581.X[19] - A new camera remote water meter counter has been developed, patent number ZL202223090315.9[20] - The company has designed a large-diameter ultrasonic water meter bracket straight pipe, patent number ZL202222790379.3[21] - A new water meter with fire protection function has been introduced, patent number ZL202222788695.7[22] - Sanchuan Wisdom has developed a Z-type reflective structure ultrasonic water meter, patent number ZL202221943894.4[23] - A new electromechanical conversion accuracy verification tool has been created, patent number ZL202222533843.0[24] - The company has introduced a high-strength ultrasonic meter housing for easy material fixation, patent number ZL202221944068.1[25] - The company has obtained multiple utility model patents for water meters, including a convenient assembly water meter (ZL202321049938.3) and a single-pipe vertical water meter (ZL202321225541.5)[63] - A new utility model patent for a water meter valve control device that extends the life of the transmission system (ZL202320377708.3) has been granted[63] - The company has developed a water meter with IP68 protection level for underground wells (ZL202321677228.5)[63] - A new utility model patent for an instantaneous flow verification device for electromagnetic and ultrasonic water meters and flow meters (ZL202320116007.4) has been obtained[63] - The company has secured a utility model patent for a battery compartment with easy disassembly and a disassembly tool (ZL202321143712.X)[63] - A new utility model patent for a stainless steel check water meter with block sealing (ZL202321491581.4) has been granted[63] - The company has obtained a utility model patent for a vertical valve-controlled water meter housing (ZL202321636366.9)[63] - A new utility model patent for a stainless steel vertical water meter housing with high material utilization (ZL202321793695.4) has been secured[63] Smart Water and Metering - The company's smart water management platform serves over 100 large water companies, including China Water Group and Shenzhen Water[25] - National policies such as the "National Water Network Construction Outline" and the "14th Five-Year Plan for Ecological Environment Supervision" provide significant market opportunities for smart water development[26][28] - The company's NB-IoT magnetic-free remote water meter features 1L metering, NB-IoT communication, and data storage for up to 18 months[41] - The electromagnetic water meter offers advantages such as zero wear, low pressure loss, and high sensitivity, suitable for pipeline monitoring and DMA partition metering[42] - The multi-sensing ultrasonic water meter integrates sensors for water quality, temperature, and pressure, with data storage for up to 120 months[44] - The company's non-negative pressure water supply equipment saves over 30% in electricity compared to traditional water tank systems[45] - Sanchuan Wisdom's smart water meters achieved a market share of approximately 10% in 2023, with its cloud-based smart water platform covering over 50 million users and serving more than 300 water companies[56] - Sanchuan Wisdom's smart water meter shipments and sales reached record highs in 2023, stabilizing the company's performance[57] - Sanchuan Wisdom's smart water platform integrates various water meter types and manufacturers, eliminating data silos and enabling functions like production scheduling, customer service, and leak detection[56] - Sanchuan Wisdom's stainless steel water meters prevent secondary water pollution and are more energy-efficient and environmentally friendly compared to traditional casting methods[56] - Sanchuan Wisdom's smart water meters are driven by policies such as "one household, one meter" and "three supplies and one industry," as well as demand for smart city and water-saving city construction[57] - The company developed and launched DN40-200 large-diameter ultrasonic water meters and initiated customized development of ultrasonic products for international markets[108] Rare Earth Recycling - The rare earth recycling industry is expected to grow rapidly, driven by demand from new energy and "dual carbon" strategies, with over 30 companies in the sector[33] - The rare earth recycling industry is concentrated in Jiangxi, with fewer than 5 companies having an annual capacity exceeding 3,000 tons[34] - The company acquired 67% equity of Tianhe Permanent Magnet for 214 million yuan, which has an existing REO production capacity of 1,000 tons/year[35] - Tianhe Permanent Magnet's technical renovation project, with an investment of 280 million yuan, will increase REO production capacity to 3,000 tons/year after completion[35] - The company completed the renovation of the original production line, adding praseodymium oxide and neodymium oxide product lines, achieving an REO production capacity of 1,500-2,000 tons/year[35] - Tianhe Rare Earth has completed the technical transformation of its original production line, meeting requirements for environmental protection, safety, energy efficiency, and intelligent production, further expanding production capacity[53] - Tianhe Rare Earth's total recovery rate of rare earth elements reaches 96%, higher than the industry average of 94%, and it is one of the few companies with molten salt slag processing capabilities[56] - Tianhe Rare Earth employs advanced acid and alkali-acid combined processes for efficient rare earth resource recovery, with a focus on producing praseodymium-neodymium oxide as its main product[56] - The company acquired 8% equity of Jisheng Technology for 62.4 million yuan to enhance the rare earth resource recycling business, but due to global economic recovery weakness and declining rare earth product prices, Jisheng Technology incurred losses, triggering a share repurchase clause[104] - Revenue from rare earth oxide comprehensive recycling reached 1.17 billion yuan, accounting for 51.03% of total revenue, a 265.06% increase year-over-year[109] - Sales volume of rare earth resource recycling products was 502.42 tons, a 58.99% increase compared to 316.01 tons in 2022[110] - The company's subsidiary, Ganzhou Tianhe Rare Earth Materials Co., Ltd., generated revenue of 817.7521 million yuan and a net profit of 22.9423 million yuan in the current period[178] - The company's subsidiary, Ganzhou Chuan Yu International Trade Co., Ltd., achieved revenue of 380.0174 million yuan and a net profit of 16.1492 million yuan in the current period[178] - The company faces risks related to fluctuations in rare earth product prices due to macroeconomic factors and market competition[167] - The company is exposed to risks from changes in tax incentives, as tax refunds and rewards are a major source of profit in the rare earth recycling industry[168] Financial Performance and Revenue - Main business revenue increased to 2,262,318,518.04 yuan, up 72.3% compared to the previous period's 1,312,877,061.64 yuan[85] - Total revenue reached 2,284,724,239.89 yuan, a 71.6% increase from the previous period's 1,331,679,724.58 yuan[85] - Domestic revenue accounted for 2,152,438,691.16 yuan, while international revenue was 132,285,548.73 yuan[86] - Direct sales revenue was 2,110,515,012.93 yuan, representing 92.4% of total revenue[86] - Revenue from smart water meters was 770.08 million yuan, a 33.43% increase compared to 577.14 million yuan in 2022[109] - Revenue from the East China region was 1.27 billion yuan, a 55.51% share of total revenue, with an 80.31% year-over-year increase[109] - Direct sales accounted for 92.38% of total revenue, reaching 2.11 billion yuan, an 81.06% increase compared to 2022[109] - Total operating revenue in 2023 was 2.28 billion yuan, a 71.57% increase compared to 1.33 billion yuan in 2022[109] - The company's net profit was 260,519,312.46, up from 233,687,016.22 in the previous period[137] - The company's total comprehensive income for the year 2023 amounted to 280,889,831.46 yuan[185] - The company's undistributed profit increased by 221,599,850.45 yuan in 2023, reaching 798,171,918.84 yuan[185] - The company's capital reserve increased by 11,363,736.90 yuan in 2023, totaling 176,174,967.78 yuan[185] - The company's special reserve increased by 2,827,520.57 yuan in 2023, reaching 4,988,599.24 yuan[185] - The company's surplus reserve increased by 28,088,983.15 yuan in 2023, totaling 166,067,418.48 yuan[185] - The company's total owner's equity increased by 263,880,091.07 yuan in 2023, reaching 2,185,436,166.34 yuan[185] - The company's profit distribution to owners (or shareholders) amounted to -31,200,997.86 yuan in 2023[185] - The company's equity balance at the beginning of the year was 1,040,033,262.00 yuan[185] R&D and Innovation - R&D expenses totaled 113,421,041.62 yuan, a 14.1% increase from the previous period's 99,437,656.01 yuan[91] - R&D expenses increased by 20.72% to 65,312,571.75 RMB, driven by increased investment in R&D personnel and materials[115] - Sanchuan Wisdom's R&D team consists of nearly 300 professionals, focusing on hardware development, intelligent control, software development, and network communication technologies[59] - The company's software development efforts are focused on enhancing water resource management, smart metering, and customer service systems, with multiple new versions and updates released during the reporting period[65] - The company developed and registered multiple new software systems, including the Water Resource Monitoring Data TCP Transmission Service Software V1.0 and the NB-IOT Module Barcode Management System 1.0, with full rights secured until 2073[65] - The company has developed a new software for IoT NB water meter reading system (2023SR0103603)[63] - A new software for Bluetooth RTU communication (2023SR0422319) has been developed by the company[63] Investments and Acquisitions - The company acquired 67% equity of Tianhe Permanent Magnet for 214 million yuan, which has an existing REO production capacity of 1,000 tons/year[35] - The company acquired 8% equity of Jisheng Technology for 62.4 million yuan to enhance the rare earth resource recycling business, but due to global economic recovery weakness and declining rare earth product prices, Jisheng Technology incurred losses, triggering a share repurchase clause[104] - Long-term equity investments increased by 1.44% to 579,274,249.06 RMB, mainly due to increased investment in Jisheng Technology and investment income[119] - The company holds a 100% direct stake in Shanghai Sanchuan Financial Information Service Co., Ltd. with a registered capital of 20,000,000 RMB[148] - The company holds a 60% stake in Shandong Sanchuan Water Meter Co., Ltd. with a registered capital of 18,000,000 RMB[148] - The company holds a 51% stake in Wenling Yongling Water Meter Co., Ltd. with a registered capital of 30,000,000 RMB[148] - The company holds a 51% stake in Hangzhou Sanchuan Guode IoT Technology Co., Ltd. with a registered capital of 10,000,000 RMB[148] - The company holds a 57.76% stake in Yingtan Jingchuan Water Supply Co., Ltd. with a registered capital of 8,656,000 RMB[148] - The company holds a 100% stake in Sanchuan Smart Water Research Institute (Hangzhou) Co., Ltd. with a registered capital of 10,000,000 RMB[149] - The company holds a 100% stake in Jiangxi Sanchuan Technology Co., Ltd. with a registered capital of 100,000,000 RMB[149] - The company holds a 67% stake in Ganzhou Tianhe Permanent Magnet Materials Co., Ltd. with a registered capital of 91,000,000 RMB[149] - The company holds a 55% stake in Ganzhou Chuanyu International Trade Co., Ltd. with a registered capital of 100,000,000 RMB[149] - In 2022, the company invested 214 million yuan to acquire 67% equity of Ganzhou Tianhe Rare Earth Materials Co., Ltd., resulting in a goodwill of 167.3093 million yuan[165] Market and Sales Strategy - Domestic market coverage reached approximately 40%, with products exported to over 60 countries[101] - The company has established marketing and customer service offices in 11 central cities to enhance market penetration and customer service[102] - The company transitioned to a "lean production model" to achieve zero inventory and quick response to orders[51] - Tianhe Permanent Magnet established a standardized procurement process, with raw materials including molten salt slag and NdFeB waste[52] - Future procurement will adopt a dual-track model combining factory direct purchase and supplier delivery, with plans to establish acquisition points in regions with abundant supply[52] - The company has implemented measures to manage accounts receivable, including a customer credit rating system and a salesperson responsibility system[166] - The company is actively addressing market changes by dynamically managing procurement and inventory, and optimizing industrial development plans to mitigate the impact of price fluctuations[167] - Top 5 customers accounted for 34.34% of total annual sales, with a combined sales amount of 784,597,857.41 RMB[114] Tax and Financial Liabilities - Tax expenses increased to 15,296,424.80 yuan, up 48.1% from the previous period's 10,323,848.41 yuan[88] - The company's tax liabilities increased significantly, with total tax liabilities rising from RMB 24,655,896.63 to RMB 58,909,405.39, driven by higher VAT and corporate income tax obligations[74] - The company provided a guarantee for a RMB 34 million loan to Ganzhou Tianhe Permanent Magnet Material Co., Ltd., with the loan balance at the end of the reporting period being RMB 31.8 million[74] - The company's long-term borrowings remained stable at RMB 8,500,000.00, with no significant changes reported during the period[77] Cash Flow and Financial Activities - Net cash flow from operating activities was 124,423,221.85, a substantial rise from the previous period's 10,795,925.31[137] - Investment activities resulted in a net cash outflow of 199,622,000 RMB, a significant decrease of 421.74% year-over-year[118] - Fixed asset investment increased by 61 million RMB, contributing to the significant cash outflow in investment activities[118] - The company's total cash received from other operating activities was 537,069,982.34,