深圳万讯自控股份有限公司 2021 年第三季度报告 债券代码：123112 债券简称：万讯转债 证券代码：300112 证券简称：万讯自控 公告编号：2021-091 深圳万讯自控股份有限公司 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 □ 是 √ 否 | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 比上年同期增减 | | 营业收入（元） | 268,046,075.12 | 27.41% | 64 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching 500 million RMB, representing a 20% year-over-year growth[15]. - The company's operating revenue for the reporting period was ¥374,314,214.37, representing a 30.68% increase compared to ¥286,435,754.63 in the same period last year[21]. - Net profit attributable to shareholders was ¥35,868,361.76, a significant increase of 76.42% from ¥20,331,439.86 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥33,671,219.55, up 97.81% from ¥17,021,595.02 in the previous year[21]. - The basic earnings per share increased to ¥0.13, an 85.71% rise from ¥0.07 in the same period last year[21]. - The total profit from minority shareholders increased by 187.61% to ¥549,683.78, attributed to the improved profitability of the controlling subsidiary[61]. - The company achieved ISO 9001:2015 certification and implemented Total Quality Management (TQM) to improve quality management levels[41]. Market Expansion and Strategy - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to establish two new offices by the end of 2021[15]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 10% and enhance product offerings[15]. - The company is focused on optimizing existing products and expanding market presence, aiming for horizontal and vertical integration in the industry[36]. - The company has established a comprehensive marketing system and has acquired numerous benchmark clients across various industries, including energy, metallurgy, and environmental protection[41]. - The company is actively expanding into smart industries such as smart petrochemicals and smart healthcare, leveraging its marketing network and customer service[41]. Research and Development - The company has invested 50 million RMB in R&D for new technologies, focusing on IoT and AI integration in automation solutions[15]. - The company has maintained an average R&D investment of 8% to 10% of revenue over the past three years, leading to multiple new patents[38]. - The company is focused on developing smart instruments, MEMS sensors, industrial robot 3D vision systems, and high-end CNC systems, aiming to provide comprehensive lifecycle information management solutions across various industries[29][30][31][32]. - The company launched high-precision products such as a complementary dual-output pressure transmitter and an IoT smart monitoring terminal, marking a breakthrough in domestic production[50]. - The company plans to increase R&D investment to enhance product technology and maintain competitiveness in the rapidly evolving market[97]. Financial Management and Cash Flow - The net cash flow from operating activities decreased by 52.20% to ¥22,181,579.04 from ¥46,409,823.98 in the previous year, highlighting potential cash flow challenges[21]. - Cash inflow from operating activities reached CNY 376,392,520.01, up 21.6% from CNY 309,563,808.29 in the first half of 2020[187]. - Cash flow from financing activities generated a net inflow of CNY 184,446,250.07, a significant improvement from a net outflow of CNY 30,270,466.87 in the same period last year[188]. - The company reported a significant increase in cash received from other operating activities, totaling CNY 9,800,281.92, compared to CNY 6,142,630.65 in the first half of 2020[187]. - The company’s cash and cash equivalents rose to ¥381,942,661.96, accounting for 23.79% of total assets, up from 18.43% at the end of the previous year[65]. Risk Management and Compliance - Risk management strategies have been outlined, addressing potential supply chain disruptions and market volatility[6]. - The company is aware of goodwill impairment risks associated with its investments and is implementing strict project evaluations to mitigate potential losses[101]. - The company has maintained compliance with commitments made during its initial public offering and other financing activities[115]. - The company has not reported any significant changes in shareholding or shareholder structure during the reporting period[140]. - The company was fined RMB 540,000 for environmental violations related to hazardous waste management, but it did not significantly impact operations[111]. Sustainability and Social Responsibility - The company emphasizes its commitment to sustainability and social responsibility, with initiatives aimed at reducing carbon emissions by 15% over the next three years[15]. - The company achieved certification for its occupational health and safety management system in June 2021[112]. - The company emphasizes a "green enterprise" approach and received certification for its environmental management system in June 2021[112]. Shareholder Information - The total number of shares before the change was 285,747,886, with 30.66% being restricted shares, which decreased to 29.55% after a reduction of 3,163,826 shares[142]. - The largest shareholder, Fu Yuchen, holds 20.26% of the shares, totaling 57,903,751, with 43,427,813 shares being restricted[147]. - The company has a total of 10 major shareholders, with the top three holding a combined 36.54% of the shares[147]. - The company has not implemented any share buyback programs during the reporting period[143].

Financial Performance - The company's revenue for Q1 2021 was ¥149,599,438.91, representing a 63.89% increase compared to ¥91,277,744.55 in the same period last year[9]. - Net profit attributable to shareholders was ¥5,813,052.13, a significant turnaround from a loss of ¥4,529,361.61 in the previous year, marking a 228.34% increase[9]. - The net profit after deducting non-recurring gains and losses was ¥4,796,111.22, compared to a loss of ¥6,908,841.15 last year, reflecting a 169.42% improvement[9]. - The basic earnings per share increased to ¥0.02 from a loss of ¥0.02, indicating a 200.00% change[9]. - The weighted average return on equity improved to 0.58% from -0.45%, showing a 1.03% increase[9]. - The company reported a net cash flow from operating activities of -¥14,325,656.14, a decline of 1,543.81% compared to -¥871,492.50 in the same period last year[9]. - The company reported a gross profit margin of approximately 2.2% for Q1 2021, compared to a negative margin in the same quarter last year[51]. - The company achieved a comprehensive income total of ¥7,193,211.95, compared to a loss of ¥4,774,547.89 in the same quarter last year[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,359,666,243.32, a decrease of 1.52% from ¥1,380,648,875.73 at the end of the previous year[9]. - Current assets totaled CNY 695,113,174.50, down from CNY 720,767,705.66, indicating a decrease of about 3.6%[42]. - Cash and cash equivalents decreased to CNY 214,619,569.71 from CNY 254,460,122.26, representing a decline of approximately 15.6%[42]. - Total liabilities decreased to CNY 233,990,922.77 from CNY 262,166,767.13, a decline of about 10.8%[44]. - The company's equity increased to CNY 1,125,675,320.55 from CNY 1,118,482,108.60, reflecting a growth of approximately 0.6%[44]. - The total liabilities decreased to ¥139,881,688.75 from ¥143,617,635.20, showing a reduction of about 2%[52]. Cash Flow - Operating cash inflow for the current period was CNY 162,479,346.33, an increase of 33.2% from CNY 121,918,610.48 in the previous period[57]. - The net cash flow from operating activities was CNY -14,325,656.14, compared to CNY -871,492.50 in the previous period, indicating a worsening cash flow situation[57]. - Total cash outflow from operating activities was CNY 176,805,002.47, which is an increase of 43.9% from CNY 122,790,102.98 in the previous period[57]. - The company reported a cash inflow from financing activities of CNY 1,732,628.06, compared to CNY 1,108,960.15 in the previous period, showing an increase of 56.0%[57]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,070[12]. - The top shareholder, Fu Yuchen, holds 20.26% of the shares, amounting to 57,903,751 shares, with 43,427,813 shares pledged[12]. Research and Development - The company is advancing several R&D projects, including a new PID gas detector and a home gas alarm that meets new national standards, enhancing product offerings and market share[23]. - Research and development expenses were ¥14,835,176.03, slightly increasing from ¥14,612,849.49, indicating continued investment in innovation[51]. - The company is developing new products including a smart gas detector with NB-IOT communication capabilities and a high-performance electromagnetic flowmeter, aiming to expand market share[24]. Market Strategy - The company plans to expand its market presence by leveraging trends in smart manufacturing and the Internet of Things, aiming for sustained revenue growth[21]. - The company is focusing on expanding its application fields and continuously exploring new customers, which has led to changes in its top five customers[27]. Investment Activities - The investment activities resulted in a net cash outflow of CNY 26.66 million, a decrease of 77.75% compared to the previous year, attributed to reduced purchases of structured deposits[20]. - The total cash outflow for investment activities was CNY 29,438,994.08, significantly lower than CNY 120,133,365.53 in the previous period[57]. Corporate Governance - The company has received approval for issuing convertible bonds totaling 245.72 million yuan, which has been listed on the Shenzhen Stock Exchange[28]. - The company has initiated a stock repurchase plan, resulting in a reduction of registered capital from 285.92 million yuan to 285.75 million yuan due to the cancellation of 171,881 restricted stocks[29][30]. - There are no violations of external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[36][37].

Financial Performance - The total revenue for 2020 was 1.5 billion CNY, representing a year-on-year increase of 15% compared to 2019 [14]. - The net profit attributable to shareholders for 2020 was 300 million CNY, reflecting a growth of 20% from the previous year [14]. - The company's operating revenue for 2020 was ¥732,202,203.62, representing a 5.03% increase from ¥697,149,078.60 in 2019 [19]. - The net profit attributable to shareholders for 2020 was ¥90,430,139.02, a 40.96% increase compared to ¥64,150,972.42 in 2019 [19]. - The net profit after deducting non-recurring gains and losses was ¥75,476,847.92, up 27.87% from ¥59,027,416.93 in 2019 [19]. - The gross profit margin for 2020 was reported at 35%, an improvement from 32% in 2019 [14]. - The gross profit margin for operating revenue reached 53.85%, maintaining a high level [34]. - The company achieved a revenue of 732.20 million yuan in 2020, representing a year-on-year growth of 5.03% [49]. - The net profit attributable to the parent company was 90.43 million yuan, an increase of 40.96% compared to the previous year [49]. - The gross profit margin for the revenue reached 53.85%, maintaining a high level [49]. Dividends and Shareholder Returns - The company reported a cash dividend of 2.00 CNY per 10 shares (including tax) for all shareholders, with no bonus shares issued [6]. - The proposed cash dividend is RMB 2.00 per 10 shares, totaling RMB 57,149,577.20 (including tax) based on a total share capital of 285,747,886 shares [118]. - The cash dividend payout ratio for 2020 was 63.20% of the net profit attributable to ordinary shareholders, compared to 53.48% in 2019 [125]. - The total cash dividends distributed over the past three years were RMB 57,149,577.20 in 2020, RMB 34,310,372.04 in 2019, and RMB 34,345,689.60 in 2018 [125]. - The company has maintained a consistent dividend policy without significant changes in the distribution ratio over the years [124]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023 [14]. - The company is actively expanding into smart industries such as smart petrochemicals, military, environmental protection, healthcare, and smart cities, broadening its market application areas [38]. - The company aims to expand its market presence through new product launches and technological advancements in IoT applications [70]. - The company is considering strategic acquisitions to enhance its product offerings and market presence [200]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5% [200]. Research and Development - Research and development expenses accounted for 8% of total revenue, with a focus on new product development in automation technology [14]. - The company aims to launch three new products in the next fiscal year, enhancing its portfolio in the industrial automation sector [14]. - The company focuses on developing smart automation instruments, MEMS sensors, and industrial robot 3D vision systems, aiming to integrate these technologies with IoT and big data [28]. - The company has maintained an average R&D investment ratio of 8% to 10% over the past three years, enhancing its technological capabilities [36]. - The company completed the development of several new products, including IoT pressure transmitters and smart frequency controllers, enhancing its product line [70]. Operational Efficiency - The company has implemented an ERP and CRM system to optimize operational processes and management systems, significantly enhancing operational efficiency and customer communication [41]. - Cost management strategies have been implemented, resulting in a 10% reduction in operational expenses [200]. - The company has established a management system that includes strategic development, human resources, marketing, finance, and quality management, improving overall management levels [40]. Risks and Challenges - The company has identified potential risks in its future operations, including supply chain disruptions and market volatility [6]. - The company faces risks related to market competition due to a low industry concentration and rapid technological advancements, which may impact profitability and market share [110]. - The company has implemented strict feasibility assessments for new projects to mitigate risks associated with expanding into new business areas [111]. - The company is cautious about external investments to minimize goodwill impairment risks, conducting thorough due diligence on potential investment targets [113]. Acquisitions and Subsidiaries - The company signed a non-controlling acquisition of Jiangsu Beifi Automation Instrument Co., Ltd. for ¥51 million in August 2020 [65]. - The company established three new subsidiaries in 2020, expanding its operational scope and consolidating its market presence [66]. - The acquisition of Shanghai Beifei Automation Instrument Co., Ltd. contributed a net profit of CNY 85,699.14 during the reporting period [104]. Shareholder Information - The largest shareholder, Fu Yuchen, holds 20.26% of the shares, totaling 57,903,751 shares, with 14,475,938 shares pledged [184]. - The total number of shareholders at the end of the reporting period was 20,963 [183]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period [185]. Social Responsibility - The company emphasizes its commitment to social responsibility, focusing on employee welfare and environmental protection [166][169].

证券代码：300112 证券简称：万讯自控 公告编号：2020-103 深圳万讯自控股份有限公司 关于参加2020年深圳辖区"诚实守信，做受尊重的上市公司" 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳万讯自控股份有限公司（以下 简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办 的"诚实守信，做受尊重的上市公司"——2020 深圳辖区上市公司投资者网上集 体接待日活动，现将有关事项公告如下：本次集体接待日活动将在深圳市全景网 络有限公司提供的网上平台，采取网络远程的方式举行，投资者可以登录"全景 •路演天下"网站（http://rs.p5w.net/）或关注微信公众号：全景财经，参与 公司本次投资者集体接待日活动，活动时间为 2020 年 12 月 8 日 9:00 至 17:00， 其中公司与投资者互动的时间为 15：30 至 17：00。 届时公司的董事会秘书叶玲莉女士和财务总监王琼女士将通过网络文字交 流形式与投资者进行沟通。 欢迎广大投资者积极参与 ...

Financial Performance - Net profit attributable to shareholders rose by 38.07% to CNY 38,474,579.15 year-on-year[9] - Operating revenue for the period was CNY 210,373,764.52, reflecting a 15.36% increase compared to the same period last year[9] - Basic earnings per share increased by 40.00% to CNY 0.14[9] - The net profit after deducting non-recurring gains and losses was CNY 37,076,748.57, a 35.51% increase year-on-year[9] - Total operating revenue for Q3 2020 was CNY 210,373,764.52, an increase of 15.4% compared to CNY 182,364,296.86 in the same period last year[39] - The net profit for Q3 2020 was CNY 38,867,005.17, representing a 39% increase from CNY 27,983,118.51 in Q3 2019[41] - The total profit for Q3 2020 was CNY 46,890,900.87, compared to CNY 33,600,300.04 in the same period last year, marking a growth of approximately 39%[40] - The company reported a basic and diluted earnings per share of CNY 0.14 for Q3 2020, compared to CNY 0.10 in the previous year[41] - The company's net profit attributable to the parent company was CNY 243,369,808.02, compared to CNY 218,673,507.37 in the previous year, showing an increase of 11.3%[33] Assets and Liabilities - Total assets increased by 6.78% to CNY 1,351,336,228.74 compared to the end of the previous year[9] - The company's total current assets increased to ¥710,328,671.68 as of September 30, 2020, compared to ¥677,317,923.48 at the end of 2019[30] - The company's total liabilities increased significantly, with accounts payable rising by 40.37% to ¥101,602,587.99 from ¥72,384,213.40, reflecting strategic inventory buildup[20] - Total liabilities increased to CNY 270,368,196.60 from CNY 238,069,021.66, marking a rise of 13.5%[32] - The company's total non-current assets amounted to CNY 641,007,557.06, an increase from CNY 588,198,479.30, reflecting a growth of 9.0%[33] - The company's cash and cash equivalents decreased to CNY 169,729,131.39 from CNY 186,724,788.37, a decline of 9.4%[34] - The company reported a total asset value of CNY 1,265,516,402.78, indicating a stable asset base[60] - Total liabilities amounted to CNY 238,069,021.66, with current liabilities at CNY 208,517,580.25 and non-current liabilities at CNY 29,551,441.41[61] Cash Flow - The net cash flow from operating activities decreased by 10.55% to CNY 34,709,512.62[9] - Operating cash flow net amount increased by 47.73% to ¥81,119,336.60 from ¥54,911,673.79, driven by higher cash inflows from sales and reduced cash outflows for purchases[20] - Cash flow from financing activities resulted in a net outflow of CNY -34,188,800.04, slightly improved from CNY -35,256,779.97, suggesting better management of financing costs[57] - The cash flow from operating activities for Q3 2020 was CNY 81.12 million, significantly higher than CNY 54.91 million in the same quarter last year, indicating a growth of 47.7%[53] - The company's cash flow from operating activities was impacted by increased payments to employees, totaling CNY 53,737,317.47, down from CNY 64,103,544.25[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,228[13] - The largest shareholder, Fu Yuchen, holds 20.25% of the shares, amounting to 57,903,751 shares[13] - The company reported no changes in share capital due to new share issuance or other reasons during the reporting period[9] Investment and Expenses - The company experienced a 127.42% increase in investment losses to -¥4,270,995.15 from -¥1,878,046.02, primarily from the investment loss of Scape Technologies A/S[20] - Research and development expenses for Q3 2020 were CNY 13,854,971.22, a decrease of 11% from CNY 15,627,587.18 in Q3 2019[40] - The company reported a tax expense of CNY 8,023,895.70 for Q3 2020, up from CNY 5,617,181.53 in the previous year[40] - The company reported a credit impairment loss of CNY -3.13 million in Q3 2020, compared to CNY -2.36 million in Q3 2019, indicating increased credit risk[49] Future Outlook - The company aims to enhance its market expansion strategies and product development in the upcoming quarters to drive future growth[50]

Economic Outlook and Risks - The company reported a significant risk of economic downturn due to the COVID-19 pandemic, alongside risks related to new business expansion and management integration[6]. - The report highlights potential risks including goodwill impairment and fundraising allocation risks, which could impact future performance[6]. - The management has acknowledged the need for strategic responses to various operational risks identified during the reporting period[6]. - The company acknowledges the risk of goodwill impairment from recent investments and is committed to thorough due diligence to minimize this risk[97]. Financial Performance - The company's operating revenue for the reporting period was ¥286,435,754.63, a decrease of 0.82% compared to the same period last year[19]. - Net profit attributable to shareholders was ¥20,331,439.86, down 12.07% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥17,021,595.02, reflecting a decline of 20.63% compared to the previous year[19]. - The gross profit margin for the reporting period was 53.04%[47]. - The company reported a significant increase in cash and cash equivalents, with a net decrease of approximately ¥50.94 million, an improvement of 64.96% compared to the previous year[59]. - The company reported a net profit margin of 12%, up from 10% in the previous quarter[106]. Market Expansion and Product Development - The company is focused on expanding its market presence and developing new technologies, particularly in the field of industrial automation[12]. - The company aims to enhance its core competitiveness through continuous reform and management system strengthening[31]. - The company is actively developing new businesses in high-end sensors and industrial robots, with initial positive results[51]. - The company plans to expand its market presence by introducing new automation technologies and enhancing its product offerings[93]. - The company is exploring potential acquisitions to enhance its technological capabilities and market reach[93]. - The company is actively investing in the construction of the Anke Trust gas instrument factory, with a total investment of ¥29,439,401.87 reported[74]. Research and Development - Research and development investment has been consistently increasing, with 2019's investment at ¥67.14 million, accounting for 9.63% of revenue, and 2020's first half investment at ¥24.97 million, accounting for 8.72% of revenue[34]. - The company is focusing on emerging technologies such as MEMS sensors and industrial robot 3D vision systems to cultivate new profit growth points[35]. - The company’s R&D capabilities are bolstered by partnerships with institutions like Oxford University and Fraunhofer, ensuring alignment with international standards[34]. - The company is investing in research and development for new product lines, aiming to launch at least three new products in the upcoming quarter[93]. Operational Efficiency - The operational strategy emphasizes industry focus, layout improvement, product specialization, and international expansion[31]. - The company has implemented an ERP and CRM system to optimize operational processes and improve management efficiency[39]. - The company is enhancing its R&D capabilities through collaborations with domestic and international research institutions[52]. - The company is leveraging 5G technology to enhance its smart manufacturing capabilities, facilitating better integration and efficiency across production processes[43]. Financial Management and Investments - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The total amount of raised funds is CNY 17,472.86 million[78]. - Amount of raised funds utilized during the reporting period is CNY 7,898.02 million[78]. - The company has focused on self-funded and partially raised funds for project development, ensuring that the majority of investments are directed towards R&D and production equipment[83]. - The company has temporarily invested idle raised funds in structured deposits to enhance the efficiency of fund utilization[84]. Shareholder and Governance - The company held its annual general meeting and temporary shareholders' meeting during the reporting period, with a participation rate of 30.2%[102]. - The company has committed to maintaining compliance with shareholder agreements and has not reported any breaches during the reporting period[104]. - The company’s actual controller and shareholders have fulfilled their commitments as of the reporting period end[104]. - The audit report for the half-year was issued with a standard unqualified opinion by Rongcheng Accounting Firm[164]. User Engagement and Market Trends - User data shows a 15% increase in active users year-over-year, indicating strong customer engagement[93]. - The company reported a significant increase in sales of its automation instruments, contributing to overall revenue growth[93]. - User data showed a growth of 20% in active users, reaching a total of 10 million users[106]. - The company reported a growth in active users by 12% compared to the last quarter, highlighting strong customer engagement[190].

Financial Performance - Total revenue for Q1 2020 was ¥91,277,744.55, a decrease of 33.60% compared to ¥137,472,557.37 in the same period last year[9] - Net profit attributable to shareholders was -¥4,529,361.61, representing a decline of 142.08% from ¥10,764,544.22 year-on-year[9] - Basic and diluted earnings per share were both -¥0.02, down 150.00% from ¥0.04 in the same period last year[9] - The company reported a total revenue of 91.28 million yuan, a decrease of 33.60% compared to the same period last year[19] - The net profit attributable to shareholders of the listed company was -4.53 million yuan, a decline of 142.08% year-on-year[19] - Net profit for Q1 2020 was a loss of CNY 5,012,057.89, compared to a profit of CNY 10,956,777.92 in Q1 2019, representing a significant decline[50] - The total comprehensive income for Q1 2020 was ¥238,924.85, a decrease of 93.7% from ¥3,801,709.32 in Q1 2019[53] Cash Flow and Assets - The net cash flow from operating activities was -¥871,492.50, a decrease of 30.78% compared to -¥666,383.04 in the previous year[9] - Cash and cash equivalents decreased by 119.60 million yuan, reflecting an 831.12% decline due to reduced cash flow from operating and investing activities[18] - The total cash and cash equivalents at the end of Q1 2020 were ¥124,346,219.98, down from ¥220,557,061.70 at the end of Q1 2019, a decrease of 43.7%[57] - The total cash and cash equivalents at the end of the period decreased to 86,250,615.45 CNY from 180,550,673.88 CNY year-over-year[60] - The company's total assets amounted to CNY 1,230,369,148.46, a decrease from CNY 1,265,516,402.78 at the end of 2019[39] - The company's current assets decreased to CNY 632,218,402.34 from CNY 677,317,923.48, reflecting a decline of approximately 6.65%[39] - The total current assets were reported at 677,317,923.48 CNY, with non-current assets totaling 588,198,479.30 CNY[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,873[12] - The largest shareholder, Fu Yuchen, holds 20.23% of the shares, amounting to 57,903,751 shares[12] - Net assets attributable to shareholders were ¥996,748,746.11, down 0.40% from ¥1,000,705,394.32 at the end of the previous year[9] - The equity attributable to the owners of the parent company slightly decreased from CNY 1,000,705,394.32 to CNY 996,748,746.11[42] Operational Insights - The company did not report any significant new product developments or market expansion strategies during the quarter[9] - The company plans to resume production and operations in an orderly manner as the domestic pandemic situation improves[19] - The company is advancing its R&D projects, focusing on IoT technology and smart frequency control systems, with a goal to enhance product reliability and performance[20] - The company is targeting a rapid response to domestic market demands, with small batch production and delivery of new products scheduled for 2020[20] - The company is enhancing its product line to include low-cost gas detection devices, aiming to increase market penetration and application share[20] Risks and Challenges - The company faced risks from the COVID-19 pandemic, impacting global supply chains and economic conditions, but is committed to maintaining production and operations[24] - There are risks associated with the management of raised funds for investment projects, which could affect future operational performance if not managed properly[25] - The company is cautious about potential goodwill impairment risks from recent investments, ensuring thorough due diligence on projects[26] Investment and Expenses - Research and development expenses for Q1 2020 were CNY 14,612,849.49, a slight increase from CNY 14,036,838.82 in the same period last year[49] - The company recorded other income of CNY 2,547,838.47, up from CNY 1,850,143.54 year-on-year[49] - The total investment cash outflow for Q1 2020 was ¥120,133,365.53, compared to ¥16,507,827.91 in Q1 2019, indicating a substantial increase in investment activities[56] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[35] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[35] - The company has not reported any overdue commitments from major stakeholders during the reporting period[28]

Financial Performance - The company reported a total revenue of 1.5 billion CNY for the year 2019, representing a year-on-year growth of 15%[13]. - The net profit attributable to shareholders for 2019 was 300 million CNY, an increase of 20% compared to the previous year[13]. - The company's operating revenue for 2019 was CNY 697,149,078.60, representing a 17.45% increase compared to CNY 593,548,505.89 in 2018[18]. - The net profit attributable to shareholders for 2019 was CNY 64,150,972.42, up 14.09% from CNY 56,229,239.16 in 2018[18]. - The company reported a total revenue of 1.0679 billion yuan for the year 2019, reflecting a significant increase compared to previous periods[98]. - The company reported a revenue of 1.84 billion RMB, representing a year-over-year increase of 8.3%[103]. - The net profit for the period was 1.6 billion RMB, with a profit margin of approximately 8.7%[103]. - The company achieved a total operating revenue of 697.15 million yuan, representing a year-on-year growth of 17.45%[48]. - The company’s total revenue for 2019 reached approximately CNY 697.15 million, representing a year-on-year increase of 17.45%[59]. Dividend Distribution - The company plans to distribute a cash dividend of 1.20 CNY per 10 shares (including tax) to all shareholders, with no bonus shares issued[5]. - The proposed cash dividend for 2019 is RMB 1.20 per 10 shares (including tax), amounting to a total cash dividend of RMB 34,345,689.60[119]. - The cash dividend for 2019 represents 53.54% of the net profit attributable to shareholders, compared to 61.08% in 2018 and 77.30% in 2017[125]. - The cash dividend distribution plan is consistent with the company's articles of association and has been approved by the board of directors[120]. - The company has maintained a consistent cash dividend policy over the past three years, with the same amount of cash dividend proposed each year[124]. Research and Development - The company is investing 100 million CNY in R&D for new technologies, focusing on industrial IoT and automation solutions[13]. - The company is focusing on the integration of new technologies such as mobile internet and big data with traditional industrial automation, achieving significant progress in smart IoT industrial automation instruments[27]. - The company is actively developing high-end sensors, CNC systems, and industrial robot 3D vision systems, which are currently in the cultivation phase but have shown some progress[27]. - The company has increased its investment in R&D, particularly in high-end sensors, industrial robots, and advanced CNC systems, aiming to capture high-tech market opportunities[51]. - The company has invested 300 million RMB in R&D for new technologies, focusing on automation and smart manufacturing solutions[103]. - Research and development expenses for new technologies reached 400 million, reflecting a 10% increase compared to the previous year[97]. - The company’s R&D expenses rose by 31.96% to ¥62.24 million, reflecting increased investment in product development[70]. Market Expansion - The company aims to expand its market presence in Southeast Asia, targeting a 10% market share by 2022[13]. - The company expanded its market presence in sectors such as smart petrochemicals, smart military, and smart environmental protection, enhancing its customer base[36]. - The company is focusing on market expansion, particularly in Asia, with plans to increase its presence in three new countries by the end of the fiscal year[5]. - The company plans to expand its market presence by launching new automation equipment and enhancing its product offerings in the next quarter[103]. - The company is actively pursuing market expansion strategies, including the development of new products and technologies to strengthen its competitive position[98]. - The company is committed to sustainability initiatives, with a goal to reduce carbon emissions by 30% by 2030[97]. Strategic Initiatives - The company has identified potential acquisition targets in the automation sector to enhance its product offerings and market reach[13]. - A strategic acquisition was announced, with the company acquiring a tech startup for $1.2 billion to enhance its product offerings[6]. - The company has initiated three major acquisition strategies aimed at enhancing its technological capabilities[97]. - The company is exploring potential mergers and acquisitions to further expand its market presence and capabilities[98]. - The company is cautious in expanding into new business areas, ensuring thorough feasibility studies to mitigate risks associated with new investments[111]. Operational Efficiency - The company has established a comprehensive management system, enhancing operational efficiency through ERP and CRM systems[39]. - The company has successfully completed the rollout of its new sales network, achieving a 98% operational efficiency rate[97]. - The investment in supply chain optimization is expected to yield a 5% reduction in operational costs[97]. - The company is focused on optimizing its investment strategies to improve overall financial performance and shareholder value[98]. Risk Management - The management highlighted potential risks in the supply chain due to global trade tensions, which could impact future performance[5]. - The company faces risks from the economic downturn due to COVID-19, which has impacted global supply chains and production[111]. - The company emphasizes the importance of effective management of raised funds to align with its strategic development and enhance innovation capabilities[112]. Corporate Governance - The company has maintained a long-term effective commitment to uphold integrity and compliance in its operations, with no breaches reported during the reporting period[127]. - The company has not engaged in any competitive activities that violate its commitments, ensuring a stable operational environment[127]. - The company strictly adheres to legal requirements for information disclosure, ensuring transparency and fairness in communication with investors[165]. - The company has not reported any significant matters that require explanation during the reporting period[167]. Shareholder Information - Major shareholder Fu Yuchen holds 20.23% of the shares, totaling 57,903,751, with 43,427,813 shares under lock-up and 14,475,938 shares available for trading[178]. - The company has a total of 26,366 shareholders as of the end of the reporting period, with 21,873 shareholders having voting rights restored[178]. - The controlling shareholder of the company is Fu Yuchen, who holds 57,903,751 shares, representing a significant ownership stake[191]. - The actual controller of the company is also Fu Yuchen, with no changes in control during the reporting period[182].

Financial Performance - Operating revenue for the period reached CNY 182,364,296.86, representing a year-on-year growth of 9.05%[9] - Net profit attributable to shareholders decreased by 9.76% to CNY 27,866,435.36 compared to the same period last year[9] - Net profit after deducting non-recurring gains and losses was CNY 27,360,126.59, down 8.01% year-on-year[9] - Basic earnings per share were CNY 0.10, a decrease of 9.09% compared to the same period last year[9] - The company reported a decrease in employee compensation payable to CNY 21,573,921.02 from CNY 34,289,830.55, a reduction of approximately 37%[29] - The total profit for the current period was ¥33,600,300.04, a decrease of 5.6% compared to ¥35,593,785.45 in the previous period[38] - Comprehensive income for the current period totaled ¥28,596,820.72, down 12.5% from ¥32,749,420.20 in the previous period[39] Cash Flow - Cash flow from operating activities increased significantly by 150.20% to CNY 54,911,673.79 year-to-date[9] - Operating cash flow net amount increased by 150.20% to ¥54,911,673.79, due to higher cash receipts from sales[19] - The cash inflow from operating activities was CNY 478,302,725.97, an increase from CNY 428,977,469.02 in Q3 2018[51] - Total cash inflow from operating activities was CNY 272,155,934.39, compared to CNY 214,902,574.43 in the same period last year, representing a growth of about 27%[55] - Cash outflow for purchasing goods and services was CNY 97,028,287.50, slightly down from CNY 102,050,645.62 in Q3 2018, indicating a decrease of around 5%[55] Assets and Liabilities - Total assets increased by 2.11% to CNY 1,241,537,315.07 compared to the end of the previous year[9] - Current liabilities rose to CNY 203,381,314.76, compared to CNY 193,533,940.97, marking an increase of approximately 5.4%[29] - The company's total liabilities reached CNY 235,686,930.85, a slight increase from CNY 231,956,788.44, representing a growth of about 1.6%[29] - Owner's equity totaled CNY 1,005,850,384.22, up from CNY 983,912,193.15, reflecting an increase of approximately 2.1%[30] - The total current liabilities included accounts payable of CNY 46,985,452.86 and employee compensation payable of CNY 34,289,830.55[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,809[13] - The largest shareholder, Fu Yuchen, holds 20.23% of the shares, with a total of 57,903,751 shares[13] Research and Development - Research and development expenses grew by 44.71% to ¥44,950,682.93, reflecting increased investment in R&D projects[19] - Research and development expenses increased to CNY 44,950,682.93, representing a 44.5% rise from CNY 31,062,719.66 in the previous year[1] Other Financial Metrics - Weighted average return on equity was 2.85%, down 0.41% from the previous year[9] - The company reported non-recurring gains totaling CNY 2,182,100.21 for the year-to-date[10] - Other comprehensive income rose by 1426.20% to ¥873,331.90, resulting from significant foreign exchange fluctuations[19] - The company reported a credit impairment loss of ¥694,456.17, compared to no loss in the previous period[38] - Other income increased to ¥5,975,075.89 from ¥4,767,659.49 in the previous period, marking a growth of 25.4%[36]