深圳市汇川技术股份有限公司 2022 年第三季度报告 1 证券代码：300124 证券简称：汇川技术 公告编号：2022-091 深圳市汇川技术股份有限公司 2022 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.公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人朱兴明、主管会计工作负责人刘迎新及会计机构负责人(会计主管人员)贺 芳美声明：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 深圳市汇川技术股份有限公司 2022 年第三季度报告 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 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|---------- ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, with a year-on-year growth of 25%[1]. - The company's revenue for the reporting period reached ¥10,396,553,539.07, representing a 25.65% increase compared to ¥8,274,106,006.44 in the same period last year[14]. - Net profit attributable to shareholders was ¥1,974,878,638.41, up 26.36% from ¥1,562,912,978.43 year-on-year[14]. - The basic earnings per share increased by 22.95% to ¥0.75 from ¥0.61 in the previous year[14]. - The company achieved total revenue of 10.397 billion yuan, a 26% increase year-on-year, and a net profit of 1.975 billion yuan, also up 26% year-on-year[55]. - The total operating revenue for the first half of 2022 reached CNY 10,396,553,539.07, an increase of 25.7% compared to CNY 8,274,106,006.44 in the same period of 2021[190]. - The net profit for the first half of 2022 was CNY 1,994,622,316.43, representing a growth of 21.4% from CNY 1,643,190,437.12 in the same period of 2021[191]. - The total comprehensive income for the first half of 2022 was CNY 2,004,021,232.13, up from CNY 1,642,840,331.66 in the first half of 2021, representing a growth of 22%[195]. Market Expansion and Strategy - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 20%[1]. - Market expansion plans include entering three new international markets by the end of 2022, targeting a 5% market share in each[1]. - The company is actively pursuing international expansion, with a new strategy for "stepping into international markets" and has identified multiple industry opportunities abroad[57]. - The company aims to enhance its market presence in the new energy vehicle sector by providing advanced drive and power systems[27]. - The company is focusing on expanding its product offerings in the industrial automation sector, including frequency converters, servo systems, and PLCs[22]. Research and Development - The company is investing heavily in R&D, with a budget increase of 30% for new technologies and product development[1]. - The company invested CNY 1.005 billion in R&D in the first half of 2022, with a R&D expense ratio of 9.66%, and has accumulated 2,546 patents and software copyrights[49]. - Research and development expenses rose by 47.54% to ¥1,004,627,629.56, up from ¥680,910,001.33, reflecting increased employee compensation costs[69]. - The company is currently developing 24 important R&D projects, focusing on enhancing product performance and market competitiveness[77]. Operational Challenges and Risks - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[1]. - Procurement risks arise from tight supply of key components and rising commodity prices, prompting the company to strengthen supplier relationships and seek domestic alternatives[111]. - The company faces operational risks from economic fluctuations, with a focus on enhancing product competitiveness and expanding market share to mitigate these risks[110]. - The company is addressing uncertainties from recurring COVID-19 outbreaks by enhancing production continuity and establishing new manufacturing bases[112]. Cash Flow and Financial Management - The company reported a significant decline in net cash flow from operating activities, which was -¥180,932,668.42 compared to ¥385,499,799.43 in the previous year, marking a decrease of 146.93%[14]. - The company's cash and cash equivalents reached CNY 5,689,932,912.69, up from CNY 3,950,956,614.53, indicating a growth of about 43.9%[185]. - The net cash flow from operating activities was negative CNY 180,932,668.42, a decline from a positive CNY 385,499,799.43 in the first half of 2021[197]. - The cash inflow from financing activities totaled CNY 3,682,566,831.78, compared to CNY 2,520,234,410.41 in the same period last year, reflecting a growth of 46.1%[198]. Shareholder Engagement and Corporate Governance - The annual shareholders meeting held on June 20, 2022, had an investor participation rate of 61.9385%[120]. - The company has been proactive in maintaining transparency with investors through regular updates on its investor relations activities[119]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[122]. - The company has established a consistent schedule for investor communications, reflecting its commitment to stakeholder engagement[119]. Environmental and Sustainability Initiatives - The company has implemented a carbon emission management system, covering 20 subsidiaries, with a baseline established for future carbon management[139]. - The company plans to install photovoltaic capacity of 3.8 MWp in Changzhou Phase I, 9.8 MWp in Changzhou Phase II, and 10 MWp in Yueyang, expected to reduce CO2 emissions by 11,620 tons annually[139]. - The company has achieved compliance in all monitored pollutants, with no instances of exceeding discharge limits reported[134]. - The company has committed to using qualified third-party units for the disposal of hazardous waste[135].

Revenue and Profit - The company's revenue for Q1 2022 reached ¥4,778,176,035.54, representing a 40.01% increase compared to ¥3,412,719,337.66 in the same period last year[2] - Net profit attributable to shareholders was ¥717,395,632.59, an increase of 11.00% from ¥646,279,199.00 year-over-year[2] - The net profit after deducting non-recurring gains and losses was ¥697,548,619.01, reflecting an 11.62% increase from ¥624,958,869.51 in the previous year[2] - Operating revenue increased by 40.01% to ¥4,778,176,035.54, driven by rapid growth in the new energy vehicle drive and power system business[7] - The net profit attributable to the parent company was CNY 717,395,632.59, an increase from CNY 646,279,199.00 in the previous period, representing a growth of approximately 11%[27] - The net profit for the current period was ¥719,970,994.21, compared to ¥684,812,600.79 in the previous period, reflecting an increase of approximately 5.1%[26] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥78,016,308.71, a significant decrease of 128.21% compared to a net inflow of ¥276,592,197.41 in the same period last year[2] - Net cash flow from operating activities decreased by 128.21% to -¥78,016,308.71, attributed to higher procurement payments and increased employee compensation[8] - Cash inflow from operating activities totaled CNY 3,431,862,937.15, compared to CNY 2,804,689,613.52 in the previous period, marking an increase of about 22%[29] - The net cash flow from investing activities was CNY -429,389,196.35, worsening from CNY -241,489,683.31 in the previous period[30] - Cash flow from financing activities generated a net inflow of CNY 145,037,513.09, up from CNY 91,882,017.04 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥28,653,337,080.54, up 4.95% from ¥27,302,718,903.36 at the end of the previous year[3] - The total assets amounted to ¥28,653,337,080.54, up from ¥27,302,718,903.36, showing a growth of about 4.9%[23] - The total liabilities increased to ¥11,673,559,053.87 from ¥10,973,066,660.60, representing a growth of about 6.4%[24] - Current assets totaled ¥19,456,336,585.02, an increase from ¥18,417,752,493.97, which is approximately a 5.6% rise[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 98,048, with the largest shareholder holding 18.31% of the shares[10] - The company experienced a significant decrease in minority shareholder profit by 93.32% to ¥2,575,361.62, due to reduced net profits from subsidiaries[7] Research and Development - R&D expenses surged by 67.73% to ¥510,409,760.13, reflecting an increase in employee numbers and salaries[7] - Research and development expenses rose to ¥510,409,760.13 from ¥304,308,185.63, marking an increase of around 67.8%[26] - The tax expense decreased by 85.53% to ¥9,931,564.27, as a result of rapid growth in R&D expenses leading to increased R&D tax deductions[7] Business Performance - The sales revenue from the new energy vehicle business surged by 167% year-on-year, reaching RMB 925 million[18] - The general automation business generated sales revenue of RMB 2.467 billion, an increase of approximately 28%[18] - The industrial robot business achieved sales revenue of RMB 105 million, a year-on-year increase of 54%[18] - The elevator electrical assembly business also saw a sales revenue increase of approximately 28%, totaling RMB 1.18 billion[18] Investment Activities - Short-term borrowings increased by 119.72% to ¥888,951,210.13, driven by revenue growth and increased customer warranty deposits[6] - The company reported a 133.29% increase in investment income to ¥4,894,856.15, due to gains from derivative financial instruments[7] - A new wholly-owned subsidiary, Nanjing Huichuan Technology Co., Ltd., was established with a total investment of up to RMB 1.65 billion for production and R&D facilities[20] Comprehensive Income - Total comprehensive income attributable to the parent company was CNY 716,120,136.88, compared to CNY 648,169,766.40 in the previous period, reflecting an increase of approximately 10.5%[27] - The company reported a decrease in other comprehensive income after tax of CNY -1,275,495.71, compared to an increase of CNY 1,890,567.40 in the previous period[27]

Financial Performance - The company achieved a revenue of 17.943 billion CNY in 2021, representing a year-on-year growth of 56%[2] - The net profit for 2021 was 3.573 billion CNY, reflecting a year-on-year increase of 70%[2] - The company's operating revenue for 2021 was CNY 17,943,256,595.29, representing a 55.87% increase compared to CNY 11,511,316,766.18 in 2020[28] - The net profit attributable to shareholders in 2021 was CNY 3,573,404,586.07, a 70.15% increase from CNY 2,100,142,115.63 in 2020[28] - The basic earnings per share for 2021 was CNY 1.37, a 69.14% increase from CNY 0.81 in 2020[28] - The total assets at the end of 2021 amounted to CNY 27,302,718,903.36, reflecting a 46.41% increase from CNY 18,647,589,892.89 at the end of 2020[28] - The net cash flow from operating activities for 2021 was CNY 1,766,024,032.95, which is a 20.35% increase compared to CNY 1,467,347,716.94 in 2020[28] - The company's gross profit margin was 35.82%[70] - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the year, representing a year-over-year growth of 25%[180] - The company reported a net profit margin of 12%, which is an improvement from 10% in the previous year[180] Market Position and Growth - The company has established a leading position in the Chinese market for frequency converters, integrated elevator systems, and servo systems, with rapid growth in industrial robots and new energy vehicle powertrains[2] - The company is expanding its market presence in new energy vehicles, general automation, and industrial robotics to reduce reliance on the elevator business[12] - The company’s servo product market share surpassed foreign brands, ranking first in China[72] - The production and sales of new energy vehicles reached 3.545 million and 3.521 million units respectively, both increasing by 160% year-on-year[41] - The company has established a comprehensive technology and product platform in the new energy vehicle sector after six years of strategic investment[50] - The company is committed to becoming a global leader in electric drive and power systems for new energy vehicles, focusing on high-quality systems and efficient operations[163] - The company is actively pursuing mergers and acquisitions to enhance its product offerings and market presence in the pneumatic product sector[145] - The company aims for a sales revenue growth of 25%-50% and a net profit growth of 10%-30% for the year 2022[158] Research and Development - The company is committed to increasing R&D investment to enhance core technologies and attract high-end talent to maintain competitive advantages[14] - R&D investment totaled 1.685 billion yuan, with a R&D expense ratio of 9.39%[64] - The company has accumulated 2,186 patents and software copyrights by the end of the reporting period[64] - The company is currently in the verification phase for several R&D projects, including a small power multi-variable frequency drive aimed at improving product reliability and performance, which is expected to enhance market share[105] - The company is developing a new generation of servo platforms and high-performance PLCs, which are in the development phase, to enhance product performance and market share in the PLC segment[106] - The company plans to enhance its technological capabilities through ongoing research and development initiatives[200] Strategic Initiatives - The company is focusing on strategic partnerships with international suppliers and promoting domestic production to mitigate supply chain risks caused by chip shortages[3] - The company plans to maintain high investment in new energy vehicle powertrains, industrial software, and ecosystem development to ensure sustainable growth[4] - The company has implemented a "supply guarantee" strategy to address supply chain challenges due to global chip shortages[72] - The company is enhancing its strategic management and market insight capabilities to better respond to external environmental changes[160] - The company is expanding its product offerings in the elevator industry, focusing on smart and low-carbon solutions to increase market share[161] Operational Efficiency and Management - Management risks have increased with the expansion of the company's asset scale, personnel, and business scope, despite ongoing governance optimization and management reforms[16] - The company is committed to continuously promoting management reforms and optimizing processes to meet the management needs of rapid business growth[16] - The company’s management transformation has led to improved operational efficiency, with expense growth rates lower than revenue growth rates[72] - The company has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in costs over the next year[181] - The company has a robust information disclosure system, achieving an A rating in information disclosure assessments for 11 consecutive years since its listing[190] Risks and Challenges - The company faces a risk of bad debts due to the continuous increase in accounts receivable as sales scale expands[15] - Supply chain risks are present due to tight supply of key components and rising material costs, prompting the company to strengthen partnerships with suppliers and seek domestic alternatives[171] - The real estate market downturn poses risks to the elevator industry, leading the company to diversify its product sales structure to reduce dependency on this sector[173] - Increased competition in the electric vehicle market may impact profitability, with the company focusing on R&D investment and cost control to maintain quality[174] Shareholder and Governance - The company emphasizes its commitment to corporate governance, enhancing internal controls and risk management practices[181] - The company held 2 shareholder meetings during the reporting period, passing a total of 32 resolutions, ensuring equal treatment of all shareholders[185] - The board of directors consists of 9 members, including 3 independent directors, and has convened 11 times, approving 73 resolutions, ensuring collective decision-making[187] - The company maintains a completely independent operational capability, with no influence from its largest shareholder in business, assets, or financial matters[184]