证券代码：300193 证券简称：佳士科技 深圳市佳士科技股份有限公司 投资者关系活动记录表 编号：2023-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动类 | □媒体采访 业绩说明会 | | 别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及人 | 线上参与公司 2022 年度网上业绩说明会的投资者 | | 员姓名 | | | 时间 | 2023 年 4 月 6 日 15:00-17:00 | | 地点 | 线上文字交流 | | | 董事长兼总裁潘磊先生；副董事长、副总裁兼财务总监夏如意先生； | | 上市公司接待人员 | 董事兼副总裁罗卫红先生；独立董事蔡敬侠女士；副总裁兼董事会 | | | 秘书李锐先生 互动交流问题如下： | | | 问题 1：（1）JET30、JET20 今年的销售情况如何？（2）法 国访华对公司今年海外的销售影响？（3）人工智能对数字化焊机行 | | | 业的影响？ | | 投资者关系活动主 | 答：投资者您好！（1）2022 年度 JET20 占公司国 ...

Financial Performance - The company's operating revenue for 2022 was ¥1,232,096,018.40, a decrease of 1.38% compared to ¥1,249,347,145.27 in 2021[22] - The net profit attributable to shareholders for 2022 was ¥176,341,147.69, down 12.04% from ¥200,473,971.95 in the previous year[22] - The net profit after deducting non-recurring gains and losses was ¥164,658,828.58, which represents a 1.20% increase from ¥162,703,500.11 in 2021[22] - The net cash flow from operating activities increased by 133.56% to ¥171,125,414.22, compared to ¥73,267,845.11 in 2021[22] - The total assets at the end of 2022 were ¥2,749,228,467.50, a decrease of 1.40% from ¥2,788,307,906.20 at the end of 2021[22] - The net assets attributable to shareholders decreased by 7.43% to ¥2,087,816,215.56 from ¥2,255,289,106.98 in the previous year[22] - The basic earnings per share for 2022 were ¥0.36, down 12.20% from ¥0.41 in 2021[22] - The diluted earnings per share were ¥0.36, a decrease of 10.00% compared to ¥0.40 in the previous year[22] - The weighted average return on equity was 8.20%, down from 9.32% in 2021[22] Revenue Breakdown - Total revenue for Q1 was $340.18 million, Q2 was $263.65 million, Q3 was $266.05 million, and Q4 was $362.21 million[24] - Net profit attributable to shareholders for Q1 was $48.44 million, Q2 was $42.25 million, Q3 was $53.09 million, and Q4 was $32.56 million[24] - Net cash flow from operating activities was negative $43.67 million in Q1, positive $98.62 million in Q2, positive $90.88 million in Q3, and positive $25.29 million in Q4[24] - Export sales accounted for 49.55% of total revenue, increasing by 3.12% year-on-year, while domestic sales decreased by 5.53% to 48.61% of total revenue[50] Market and Industry Trends - The company is a leading manufacturer in the domestic welding equipment sector, focusing on R&D and innovation[34] - The welding equipment industry is transitioning towards automation, digitalization, and intelligent manufacturing[33] - The company aims to enhance its market share in high-end products, which is expected to be a new growth point in the industry[32] - Domestic sales revenue decreased due to intensified market competition and reduced demand in the welding equipment industry[37] - International sales faced challenges due to macroeconomic downturns, but overall international sales remained stable through timely adjustments in sales strategies[39] Product Development and Innovation - The company launched digital welding products such as JET20, EVO20, and MAX20, marking a significant step towards digitalization[35] - The company launched new products including the EVO20 and MAX20 series, enhancing competitiveness in the general welding machine and industrial machine markets[40] - The company continues to invest in R&D, focusing on digital product development and enhancing product competitiveness through systematic analysis[40] - Research and development expenses totaled CNY 71,788,181.04, accounting for 5.83% of total revenue, an increase from 5.54% in the previous year[60] Cash Flow and Investments - The total amount of cash outflow from investment activities decreased by 57.84% to CNY 50,990,576.77[62] - The net cash flow from investing activities decreased by 36.76% year-on-year, mainly due to a reduction in the redemption of financial products[63] - The net cash flow from financing activities increased by 11.01% year-on-year, attributed to an increase in short-term bank loans[64] - The net increase in cash and cash equivalents rose by 97.62% year-on-year, also due to the increase in short-term bank loans[64] Governance and Management - The company has established a complete independent governance structure, including a board of directors, supervisory board, and management team[101] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[93] - The company has a dedicated information disclosure committee to ensure accurate and timely information dissemination[93] - The company has established a scientific performance management system linked to a flexible compensation system to protect employee interests[131] Environmental Responsibility - The company has implemented measures to ensure that wastewater and air emissions meet local environmental standards, with no industrial wastewater generated during operations[150] - The company has established an environmental management system compliant with ISO 14001:2015 standards and has obtained certification from SGS[151] - Solid waste generated by the company is properly managed, with hazardous waste collected and disposed of by qualified units[151] - The company has not faced any administrative penalties due to environmental issues during the reporting period[153] Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of ¥1 per 10 shares to all shareholders, based on a total of 469,923,742 shares[4] - The total cash dividend, including other methods, amounted to 179,600,471.05 yuan, representing 100% of the distributable profit[136] - The company’s profit distribution plan aligns with its articles of association and dividend management measures[135] Risks and Challenges - The company faces risks from international political and economic factors, which may challenge sustained sales growth, prompting a focus on market research and product management[83] - Accounts receivable are increasing due to some distributors facing cash flow issues, but the company maintains a good quality of receivables with most aged under one year[84] - The company is actively monitoring commodity prices to manage procurement costs amid global economic uncertainties[85] - The company holds USD assets and is exposed to exchange rate fluctuations, prompting a strategy to monitor foreign exchange trends and manage currency risk[86]

证券代码：300193 证券简称：佳士科技 公告编号：2023-009 深圳市佳士科技股份有限公司 关于举行 2022 年度网上业绩说明会的通知 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。 深圳市佳士科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 1 日在 巨潮资讯网上披露了《2022 年年度报告》。为便于投资者更全面深入的了解公司 情况，公司定于 2023 年 4 月 6 日（星期四）15:00-17:00 在"价值在线"举办 2022 年度业绩说明会。本次年度业绩说明会将采用网络远程的方式举行，投资者可通 过"价值在线"（www.ir-online.cn）平台参与本次业绩说明会。 参与方式一：访问网址 https://eseb.cn/13kvEiDroIw 参与方式二：使用微信扫描下方小程序码 特此公告。 深圳市佳士科技股份有限公司 董 事 会 2023 年 3 月 31 日 出席本次年度业绩说明会的人员包括：董事长兼总裁潘磊先生，副董事长、 副总裁兼财务总监夏如意先生，董事兼副总裁罗卫红先生，副总裁兼董事会秘书 李锐先生和独立董事蔡敬 ...

Financial Performance - The company's revenue for Q3 2022 was ¥266,049,864.45, a decrease of 15.85% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2022 was ¥53,085,521.50, down 13.69% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥50,683,445.36, a decrease of 8.03% compared to the previous year[3] - Total operating revenue decreased to ¥869,882,287.99 from ¥987,515,357.60, a decline of approximately 11.93%[27] - Net profit for the period was ¥144,128,913.80, down from ¥184,997,646.88, representing a decline of approximately 22.14%[28] - Basic earnings per share decreased to ¥0.30 from ¥0.38, a reduction of 21.05%[29] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥2,788,061,402.40, a slight decrease of 0.01% from the end of the previous year[4] - Total assets remained stable at ¥2,788,061,402.40 compared to ¥2,788,307,906.20, showing a slight decrease of 0.01%[25] - Total liabilities increased to ¥677,213,325.87 from ¥526,917,544.90, marking an increase of approximately 28.43%[24] - Total equity decreased to ¥2,110,848,076.53 from ¥2,261,390,361.30, a decline of about 6.67%[25] Cash Flow - The operating cash flow for the year-to-date period increased significantly by 289.06%, reaching ¥145,831,390.27[12] - Cash flow from operating activities showed a significant change, reflecting the company's liquidity position[30] - Operating cash inflow totaled $833,556,548.70, down 12.8% from $956,151,236.09 in the previous period[32] - Net cash flow from operating activities increased significantly to $145,831,390.27, compared to $37,482,780.95 in the prior period[32] - Total cash outflow from operating activities was $687,725,158.43, a decrease from $918,668,455.14 in the previous period[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 24,676[14] - The largest shareholder, Pan Lei, holds 14.48% of shares, totaling 70,578,339 shares[14] - The company has repurchased a total of 11,150,010 shares, representing 2.2882% of the total share capital[15] - The company is undergoing a passive reduction of 12,638,138 shares by a major shareholder due to judicial enforcement[18] - The total number of restricted shares at the end of the period is 53,383,754, with 1,125,000 shares newly restricted[17] Investment and Development - The company reported a significant increase in construction in progress by 340.71%, amounting to ¥16,694,315.93[10] - Research and development expenses rose to ¥55,301,435.58 from ¥47,629,570.73, an increase of approximately 15.00%[28] - The company plans to focus on market expansion and new product development in the upcoming quarters[30] Financial Assets - The company experienced a 64.18% decrease in trading financial assets, totaling ¥106,410,273.97, primarily due to the redemption of wealth management products during the reporting period[10] - The company reported accounts receivable of ¥215,405,095.21 as of September 30, 2022, compared to ¥194,231,777.72 at the beginning of the year[22] Cash and Equivalents - As of September 30, 2022, cash and cash equivalents amounted to ¥1,538,170,344.75, an increase from ¥1,356,051,012.46 at the beginning of the year[22] - The ending balance of cash and cash equivalents increased to $1,482,415,055.38, up from $775,935,564.08 in the prior period[33] - The impact of exchange rate changes on cash and cash equivalents was positive at $36,969,039.01, compared to a negative impact of -$920,549.21 in the previous period[33]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥603,832,423.54, a decrease of 10.06% compared to ¥671,349,215.00 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥90,696,234.42, down 26.26% from ¥122,986,766.07 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥82,456,439.44, representing an 18.00% decrease from ¥100,559,676.99 in the same period last year[23]. - The basic earnings per share decreased to ¥0.19, down 26.92% from ¥0.26 in the previous year[23]. - Operating profit was CNY 106,330,663.22, down 25.04% year-on-year, while total profit decreased by 26.28% to CNY 104,639,426.95[32]. - The decline in net profit was primarily due to a decrease in operating revenue and gross margin, influenced by the pandemic and market demand[32]. - Total operating revenue for the first half of 2022 was CNY 603.83 million, a decrease of 10.04% compared to CNY 671.35 million in the first half of 2021[160]. - Net profit for the first half of 2022 was CNY 90.76 million, a decline of 26.67% from CNY 123.64 million in the first half of 2021[161]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,996,672,859.62, an increase of 7.47% from ¥2,788,307,906.20 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased to ¥2,065,935,585.59, down 8.40% from ¥2,255,289,106.98 at the end of the previous year[23]. - Total liabilities surged to CNY 924,323,411.10, up from CNY 526,917,544.90, indicating an increase of around 75.5%[152]. - The company's total assets reached CNY 2,996,672,859.62, compared to CNY 2,788,307,906.20 at the beginning of the year, showing an increase of about 7.5%[153]. - The company reported a significant increase in other payables, which rose to CNY 301,636,948.65 from CNY 47,697,537.60, reflecting a growth of about 531.5%[152]. Cash Flow - The net cash flow from operating activities was ¥54,955,464.90, a decrease of 8.52% compared to ¥60,074,089.53 in the same period last year[23]. - Cash flow from operating activities generated a net amount of CNY 54,955,464.90, down from CNY 60,074,089.53 in the first half of 2021, indicating a decline of about 18.5%[166]. - Cash inflow from operating activities totaled CNY 516,839,599.17, a decrease of 18.5% from CNY 634,607,857.32 in the previous year[165]. - Cash outflow from operating activities was CNY 461,884,134.27, down from CNY 574,533,767.79, representing a reduction of approximately 19.6%[166]. - The ending balance of cash and cash equivalents increased to CNY 1,655,879,141.61, up from CNY 1,000,739,099.14 at the end of the first half of 2021[167]. Research and Development - Research and development investment increased by 16.03% to ¥37.01 million, compared to ¥31.89 million in the previous year, reflecting the company's commitment to innovation[49]. - Research and development expenses increased to CNY 37.01 million, up 15.67% from CNY 31.89 million in the first half of 2021[160]. Market and Product Development - The company launched the EVO20 series digital welding machines targeting international markets, enhancing communication with core customers to drive new product orders[34]. - The MAX20 series standard industrial welding machines were introduced to the domestic market and are currently in the trial sales phase[36]. - The company is focusing on enhancing brand recognition through various promotional activities, including the EVO20 product launch and nationwide promotional events[35]. - The company plans to focus on market expansion and new product development to drive future growth[151]. - The company is focusing on enhancing its technological capabilities and exploring potential mergers and acquisitions to drive growth[182]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The stock incentive plan was adjusted, with the grant price for the first batch of restricted stock reduced from 3.36 CNY/share to 2.86 CNY/share, and 4,353,063 shares were granted to 186 eligible participants[81]. - The employee stock ownership plan includes 6 directors and senior management holding a total of 2,616,000 shares, representing 0.54% of the total share capital[82]. - The company reported a profit distribution of CNY -239,224,432.00 to its owners or shareholders during the current period[187]. Risk Management - The company is facing economic downturn risks due to complex internal and external environments, leading to challenges in sustaining sales growth[70]. - The accounts receivable balance is on the rise, indicating potential risks of bad debts, although the quality of accounts receivable remains good[72]. - The company holds certain dollar-denominated assets, making it susceptible to exchange rate fluctuations, and is taking measures to mitigate this risk[74]. Compliance and Governance - The company has maintained a high level of information disclosure, receiving the highest grade A from the Shenzhen Stock Exchange for 10 consecutive years[95]. - The company has established an environmental management system compliant with ISO14001:2015 standards and has obtained certification from SGS[88]. - There were no administrative penalties due to environmental issues during the reporting period[92]. - The financial statements are presented in yuan[149]. - The financial report for the first half of 2022 has not been audited[148]. General Information - The company operates in the general equipment manufacturing industry, focusing on the research, production, and sales of welding and cutting equipment[192]. - The company has a total of eleven subsidiaries included in the consolidated financial statements for this period[194]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[196].

证券代码：300193 证券简称：佳士科技 公告编号：2022-027 一、主要财务数据 (一)主要会计数据和财务指标 深圳市佳士科技股份有限公司 2022 年第一季度报告 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.公司负责人潘磊先生、主管会计工作负责人夏如意先生及会计机构负责人(会计主管人员)罗怀花女 士声明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 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 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 340,180,758.42 | 303,596,900.73 | 12.05% | | 归属于上市公司股东的净利润（元） | 48,442,140.30 | 56,669,853 ...

Financial Performance - The company's operating revenue for 2021 was ¥1,249,347,145.27, representing a 22.45% increase compared to ¥1,020,262,386.15 in 2020[21] - The net profit attributable to shareholders for 2021 was ¥200,473,971.95, up 23.33% from ¥162,547,422.34 in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥162,703,500.11, reflecting a 24.48% increase from ¥130,709,714.04 in 2020[21] - The basic earnings per share for 2021 was ¥0.41, a 20.59% increase from ¥0.34 in 2020[21] - The total assets at the end of 2021 amounted to ¥2,788,307,906.20, a 3.40% increase from ¥2,696,683,208.82 at the end of 2020[21] - The net assets attributable to shareholders at the end of 2021 were ¥2,255,289,106.98, showing a slight increase of 0.07% from ¥2,253,599,555.96 in 2020[21] - The weighted average return on net assets for 2021 was 9.32%, an increase of 2.00% from 7.32% in 2020[21] - The total revenue for the reporting period was CNY 1,249,347,145.27, representing a year-on-year increase of 22.45%[38] - The net profit attributable to shareholders was CNY 200,473,971.95, reflecting a growth of 23.33% compared to the previous year[38] - The company reported a total profit of CNY 226,964,100.10, which is a 20.34% increase from the previous year[38] Sales and Market Performance - Domestic sales revenue reached CNY 633,966,083.04, up 18.85% year-on-year, while international sales revenue was CNY 592,055,711.56, an increase of 27.06%[38] - The industrial segment accounted for 98.13% of total revenue, with sales amounting to ¥1,226,021,794.60, up 22.68% from ¥999,387,704.79 in the previous year[50] - Export sales increased by 27.06% to ¥592,055,711.56, while domestic sales rose by 18.85% to ¥633,966,083.04[50] - The company sold 1,133,160 units in 2021, marking a 23.80% increase from 915,320 units in 2020[53] - The production volume for the year was 1,200,054 units, up 24.44% from 964,341 units in 2020[53] Cash Flow and Investment - The net cash flow from operating activities decreased significantly by 68.73% to ¥73,267,845.11 from ¥234,269,899.82 in the previous year[21] - The total cash inflow from investment activities surged by 652.63% to ¥366,017,200.01, mainly due to an increase in the redemption of financial products[63][64] - The total amount of direct materials used in 2021 was ¥778,973,866.91, which constituted 89.36% of the total operating costs, reflecting a year-on-year increase of 28.20%[55] - The company’s total cash and cash equivalents increased by 145.32% to ¥74,227,939.00 in 2021[63][64] Research and Development - The company has maintained a leading position in the domestic welding equipment manufacturing sector, with strong R&D and innovation capabilities[34] - The company’s R&D expenses for 2021 were ¥69,167,322.26, representing 5.54% of total revenue, an increase of 17.11% compared to 2020[58][60] - The number of R&D personnel increased by 9.88% to 178, although their proportion of total employees decreased slightly to 12.98%[60] - The technology center is committed to investing in new product development and technological innovation, ensuring key projects are completed on schedule[83] Corporate Governance and Management - The company has a complete governance structure with independent boards and management, ensuring no interference from controlling shareholders[106] - The company maintains complete independence from its controlling shareholder, ensuring no reliance on them for business, personnel, assets, or financial matters[106] - The company has established a comprehensive investor relations management system to maintain good interactions with investors and uphold a standardized image in the capital market[104] - The company has a current board of directors consisting of 7 members, including 3 independent directors[112] - The company has undergone a board restructuring, with new independent directors elected on February 22, 2022, to enhance governance[116] Risk Management - The company faces risks including rising procurement costs, international sales risks, exchange rate risks, and capital management risks[4] - The company is exposed to international sales risks due to increasing political and trade conflicts, with a significant portion of its business reliant on exports[86] - The company is implementing measures to mitigate foreign exchange risks, particularly with USD settlements, by monitoring exchange rates and using appropriate hedging tools[87] - The supply chain center is enhancing risk management for commodity prices and increasing local sourcing to control procurement costs[83] Social Responsibility and Environmental Compliance - The company actively engages in social responsibility initiatives, including disaster relief efforts during natural disasters[167] - The company has established an environmental management system compliant with ISO 14001:2015 standards and has obtained certification from SGS[161] - The company has implemented measures to treat waste gas and wastewater, ensuring compliance with local environmental standards[159] - The company conducts regular environmental monitoring through qualified third-party agencies to ensure compliance with pollution discharge regulations[162] Employee Relations and Compensation - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 4.3225 million yuan[120] - The company has implemented a performance-based flexible salary system linked to its performance management system[136] - A restricted stock incentive plan and employee stock ownership plan were executed to motivate the core team and ensure steady performance improvement[136] - The company established the Jiasi Academy in June 2018 to provide systematic training for employees, enhancing their skills and professional development[137] Future Outlook and Strategic Initiatives - The company provided a positive outlook for 2022, projecting a revenue growth of 25% based on anticipated market expansion and new product launches[175] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[175] - A strategic acquisition of a local competitor is in progress, which is expected to increase the company's market share by 5% and enhance its product offerings[174] - The management team has set a goal to reduce operational costs by 15% through improved efficiency measures in 2022[174]

Financial Performance - The company's revenue for Q3 2021 was CNY 316,166,142.60, representing a 0.21% increase year-over-year, while the year-to-date revenue reached CNY 987,515,357.60, up 35.73% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2021 was CNY 61,509,138.53, a 34.76% increase year-over-year, with a year-to-date net profit of CNY 184,495,904.60, reflecting a 32.11% increase[5]. - The basic earnings per share for Q3 2021 was CNY 0.13, up 44.44% year-over-year, and the diluted earnings per share was also CNY 0.13, with a year-to-date figure of CNY 0.38, an increase of 31.03%[6]. - Total operating revenue for the current period reached ¥987,515,357.60, an increase from ¥727,548,434.41 in the previous period, representing a growth of approximately 35.7%[29]. - Net profit for the current period was ¥184,997,646.88, compared to ¥141,691,489.47 in the previous period, reflecting an increase of approximately 30.5%[31]. - Earnings per share (EPS) for the current period was ¥0.38, up from ¥0.29 in the previous period, marking a growth of 31%[31]. - The company reported a total comprehensive income of ¥183,998,692.33 for the current period, compared to ¥142,019,007.41 in the previous period, representing an increase of approximately 29.5%[31]. Assets and Liabilities - Total assets as of September 30, 2021, were CNY 2,737,532,235.10, a 1.51% increase from the end of the previous year[6]. - Total assets increased to ¥2,737,532,235.10 from ¥2,696,683,208.82, showing a growth of about 1.5%[27]. - Total liabilities rose to ¥504,417,783.12 from ¥438,318,491.89, indicating an increase of approximately 15.1%[27]. - The company's total equity attributable to shareholders decreased by 1.14% from the end of the previous year, amounting to CNY 2,228,005,010.82[6]. - The company's equity attributable to shareholders decreased to ¥2,228,005,010.82 from ¥2,253,599,555.96, a decline of about 1.1%[27]. Cash Flow - The company's cash flow from operating activities for the year-to-date period was CNY 37,482,780.95, down 73.27% compared to the same period last year[13]. - Operating cash inflow for the current period was $956.15 million, up from $775.56 million in the previous period, representing a 23.3% increase[34]. - Net cash flow from operating activities decreased to $37.48 million from $140.20 million, a decline of 73.3%[34]. - Cash outflow from investing activities totaled $311.92 million, compared to $224.11 million in the previous period, indicating an increase of 39.1%[35]. - Net cash flow from investing activities was -$285.02 million, worsening from -$205.34 million in the prior period[35]. - Cash received from sales of goods and services increased to $839.90 million from $712.91 million, a growth of 17.8%[34]. - Cash received from tax refunds rose to $37.80 million from $13.81 million, an increase of 173.5%[34]. - The ending cash and cash equivalents balance was $775.94 million, down from $1.10 billion, a decrease of 29.7%[35]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,647[16]. - The top shareholder, Pan Lei, holds 14.06% of shares, totaling 67,878,339 shares[16]. - Shareholder Xu Aiping reduced her holdings by 9,560,000 shares, accounting for 1.98% of the total share capital[21]. Inventory and Receivables - Accounts receivable increased by 92.02% year-over-year, reaching CNY 237,753,424.97, primarily due to increased sales and deferred payments from some distributors[11]. - Inventory rose by 58.09% year-over-year to CNY 269,430,249.18, driven by increased sales and raw material stocking[11]. - Accounts receivable increased to 237,753,424.97 RMB from 123,816,670.13 RMB, representing a growth of approximately 91.9% year-over-year[25]. - Inventory rose to 269,430,249.18 RMB, compared to 170,427,913.80 RMB, marking an increase of about 58.0%[25]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Huizhou Yiwo Technology Co., Ltd., with an investment of 100 million RMB[20]. - The company’s long-term equity investment remains stable at approximately 13,957,878.42 RMB[25]. Research and Development - Research and development expenses for the current period were ¥47,629,570.73, compared to ¥40,121,602.25 in the previous period, reflecting an increase of approximately 18.6%[30].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 671,349,215, representing a 62.94% increase compared to CNY 412,032,719 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was CNY 122,986,766, up 30.81% from CNY 94,016,550 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 100,559,677, reflecting a 28.84% increase from CNY 78,051,777 in the same period last year[21]. - The basic earnings per share increased to CNY 0.26, a 30.00% rise from CNY 0.20 in the previous year[21]. - The diluted earnings per share rose to CNY 0.25, marking a 25.00% increase from CNY 0.20 in the same period last year[21]. - Operating profit was CNY 141,844,626.08, reflecting a year-on-year growth of 23.27%, while net profit attributable to shareholders reached CNY 122,986,766.07, up 30.81%[34]. - The company reported a total comprehensive income of CNY 122.92 million for the first half of 2021, compared to CNY 94.65 million in the previous year, marking a growth of 29.9%[155]. - The total profit for the first half of 2021 was CNY 141.93 million, up from CNY 110.38 million in the same period of 2020, reflecting a growth of 28.7%[155]. Cash Flow and Assets - The net cash flow from operating activities was CNY 60,074,090, down 11.80% from CNY 68,109,372 in the previous year[21]. - As of the end of the reporting period, cash and cash equivalents decreased by 9.24% to CNY 1,006,436,768.45, accounting for 37.36% of total assets, primarily due to cash dividends and investment in financial products[56]. - The net cash flow from operating activities decreased by 11.80% to ¥60,074,089, primarily due to changes in operating revenue affecting cash flow[50]. - The company reported a total cash inflow from operating activities of CNY 503,092,325.44, up 28.3% from CNY 392,266,691.73 year-on-year[165]. - The net cash flow from investment activities was -CNY 72,355,519.06, an improvement from -CNY 250,079,737.55 in the first half of 2020[166]. - Cash and cash equivalents at the end of the period stood at CNY 961,050,905.22, down from CNY 977,289,808.91 at the end of the first half of 2020[166]. Investments and R&D - The company’s R&D investment amounted to ¥31,892,695, which is 18.93% higher than the ¥26,815,410 from the previous year, accounting for approximately 6% of total revenue over the past three years[50][42]. - Research and development expenses were CNY 31,892,695.49, representing a 19.4% increase from CNY 26,815,410.08 in the first half of 2020[154]. - The company is actively pursuing intellectual property applications to protect its R&D achievements[37]. - The company launched the new JET20 digital welding machine series, which received positive market feedback and contributed to increased sales[30]. Market and Sales - Domestic sales reached CNY 361,874,114.33, growing by 61.94%, while export sales amounted to CNY 298,277,855.84, increasing by 66.72%[30]. - The company's marketing network spans globally, allowing for rapid market penetration and responsiveness to customer needs[46]. - The company is focusing on low-risk, high-liquidity short-term financial products to mitigate interest rate fluctuation risks[76]. - The company is actively developing sales in stable regions to compensate for potential losses in international markets[77]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[4]. - The total equity attributable to the parent company at the end of the period is CNY 478,448,864.00, a decrease from CNY 506,901,310.00 at the beginning of the year, representing a decline of approximately 5.5%[174]. - The company distributed dividends totaling CNY 239,224,432.00 during the period[172]. - The registered capital of the company is CNY 478,448,864.00, with a total of 478,448,864 shares issued[189]. Operational Challenges - The company is facing risks from rising operating costs due to abnormal supply-demand relationships in raw materials and irrational fluctuations in overseas transportation costs[73]. - The company faces exchange rate risks due to overseas sales primarily settled in USD, with potential pressure from the appreciation of RMB against USD, leading to increased foreign exchange losses[75]. - International sales are at risk due to ongoing pandemic control measures, geopolitical risks, and trade frictions, with the company analyzing market conditions to mitigate adverse impacts[77]. Environmental and Social Responsibility - The company has established an environmental management system compliant with ISO14001:2015 standards and has received certification from SGS[91]. - The company has implemented measures to manage waste, including the collection and treatment of solid waste and wastewater, ensuring compliance with local environmental standards[90]. - The company actively participated in pandemic prevention efforts and contributed to disaster relief by donating supplies to areas affected by natural disasters[97]. Corporate Governance - The financial statements were approved for release by the board of directors on July 29, 2021[191]. - The company operates under the assumption of going concern, with no significant doubts regarding its ability to continue operations for the next 12 months[194]. - The company has not reported any significant matters related to subsidiaries during this period[124].

Financial Performance - The company's revenue for Q1 2021 was CNY 303,596,900.73, representing a 114.59% increase compared to CNY 141,479,478.04 in the same period last year[8]. - Net profit attributable to shareholders was CNY 56,669,853.04, up 97.44% from CNY 28,702,752.11 year-on-year[8]. - The company achieved total operating revenue of CNY 303,596,900.73, a year-on-year increase of 114.59%[22]. - Operating profit reached CNY 66,195,368.52, up 73.09% compared to the same period last year[22]. - The net profit for Q1 2021 reached CNY 56,496,042, compared to CNY 28,569,576 in Q1 2020, marking an increase of 97.8%[44]. - The operating profit for the quarter was CNY 66,195,369, up from CNY 38,243,379 in the previous year, reflecting a growth of 73.3%[43]. - The company recorded a total profit of CNY 66,405,666 for the quarter, compared to CNY 33,653,738 in the same period last year, an increase of 97.4%[43]. Cash Flow - The net cash flow from operating activities reached CNY 35,397,574.30, a significant improvement of 367.73% compared to a negative cash flow of CNY 13,221,474.71 in the previous year[8]. - The net cash flow from operating activities for Q1 2021 was ¥35,397,574.30, a significant improvement compared to a net outflow of ¥13,221,474.71 in Q1 2020, indicating a turnaround in operational efficiency[50]. - Total cash inflow from operating activities was ¥278,799,187.32, up from ¥170,757,745.20 in the previous year, reflecting a growth of approximately 63.4%[50]. - The cash inflow from operating activities for the parent company was ¥234,292,056.31, an increase from ¥145,139,141.46 year-over-year, marking a growth of about 61.4%[52]. - The net cash flow from investment activities was -¥110,254,621.28, an improvement from -¥181,349,197.34 in the same period last year, showing a reduced cash burn in investments[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,792,221,990.72, reflecting a 3.54% increase from CNY 2,696,683,208.82 at the end of the previous year[8]. - The total assets of the company as of March 31, 2021, amounted to CNY 2,878,728,510.89, compared to CNY 2,790,658,991.62 at the end of 2020, indicating an increase of about 3.15%[40]. - The total liabilities increased to CNY 462,020,676.75 from CNY 438,634,428.02, reflecting a rise of approximately 5.3%[40]. - The company's total equity as of March 31, 2021, was CNY 2,416,707,834.14, up from CNY 2,352,024,563.60, marking an increase of around 2.75%[40]. - The cash and cash equivalents decreased to CNY 1,134,312,193.87 from CNY 1,220,644,870.48, a decline of about 7.1%[37]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,980[12]. - The top shareholder, Pan Lei, holds 13.15% of the shares, totaling 66,678,339 shares[12]. Operational Efficiency - Basic earnings per share increased to CNY 0.12, doubling from CNY 0.06 in the same quarter last year[8]. - The weighted average return on equity improved to 2.48%, up from 1.22% in the same period last year[8]. - The cash outflow for purchasing goods and services increased to ¥185,842,599.30 from ¥146,281,057.01, representing a rise of about 27.1%[50]. - The total operating costs for the quarter were CNY 250,296,850, compared to CNY 114,023,289 in the previous year, representing a growth of 119.0%[43]. Government Support - The company received government subsidies amounting to CNY 8,814,140.00, primarily related to business operations[9]. - The company reported a significant increase in other income, which rose by 136.89% to CNY 9,596,988.74, attributed to increased government subsidies[19]. Risks and Challenges - The company faced risks from ongoing pandemic impacts, commodity price fluctuations, and currency exchange rate volatility[24].