编号：2018—002 证券代码：300230 证券简称：永利股份 上海永利带业股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------|-------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 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 | 新时代证券：李啸、周峰春 | | | 人员姓名 | 华创证券：刘和勇 | | | | 吴宗金 | | | 时间 | 10:00 — 11:30；13:30 | — 14:30 | | 地点 | 公司二楼会议室 | | | 上市公司接待人 | 恽俊 | | | 员姓名 | | | | 投资者关系活动 | | 一、请简要介绍公司的业务情况。 | | 主要内容介绍 | | 答：公司主要从 ...

编号：2018—003 证券代码：300230 证券简称：永利股份 上海永利带业股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------|-------------------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 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 | 太平洋证券：张波 | | | 人员姓名 | 理成资产：王烨华 | | | | 羲仲资产：施钰 | | | | 之上资产：孙艳雯 | | | 时间 | 16:00—17:30 | | | 地点 | 公司二楼会议室 | | | 上市公司接待人 | 副董事长：黄晓东 | | | 员姓名 | 董事会秘书：恽俊 | | | 投资者关系活动 | | 一、请简单介绍公司的基本 ...

上海永利带业股份有限公司 2022 年第三季度报告 证券代码：300230 证券简称：永利股份 公告编号：2022-040 上海永利带业股份有限公司 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.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 1 上海永利带业股份有限公司 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 | | 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） | 681,542,279.62 | -26.73% ...

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2022, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was 50 million RMB, up 10% compared to the same period last year[14]. - The company's operating revenue for the first half of 2022 was ¥926,923,582.95, a decrease of 47.56% compared to ¥1,767,444,572.25 in the same period last year[20]. - Net profit attributable to shareholders was ¥82,293,294.29, down 13.31% from ¥94,932,163.95 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥74,801,624.19, a decrease of 9.86% compared to ¥82,986,059.50 in the previous year[20]. - The net cash flow from operating activities increased by 23.81% to ¥165,193,282.99 from ¥133,429,299.83 in the same period last year[20]. - Future guidance estimates a revenue growth of 20% for the second half of 2022[14]. - The lightweight conveyor belt segment generated revenue of CNY 409.53 million, down 10.62% year-on-year, accounting for 44.18% of total revenue; net profit for this segment fell by 71.11% to CNY 10.79 million due to pandemic-related disruptions[67]. - The precision molding segment reported revenue of CNY 517.39 million, an increase of 4.48% year-on-year, representing 55.82% of total revenue; net profit surged by 77.82% to CNY 64.92 million due to improved production efficiency and cost control[68]. Investment and R&D - The company plans to invest 20 million RMB in R&D for new product development in the next fiscal year[14]. - The company is increasing its investment in product research and development to meet the growing demand for mid-to-high-end products in the domestic market[46]. - The company has received 16 utility model patent authorizations and completed 12 new patent applications during the reporting period, emphasizing its commitment to innovation and intellectual property protection[71]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% market share by 2025[14]. - The company is actively expanding its overseas market presence through joint ventures and acquisitions to enhance its competitive position[37]. - The company aims to become a globally influential lightweight conveyor belt group, emphasizing technological innovation and high-quality product customization[26]. - The company has established subsidiaries in multiple countries including the Netherlands, Poland, Germany, the UK, the US, Brazil, South Korea, Indonesia, and Japan to enhance its international brand presence[50]. Risk Management - The management has identified risks related to raw material price fluctuations and is implementing measures to mitigate these risks[14]. - The company aims to mitigate the impact of raw material price fluctuations through strategic procurement and refined management practices[46]. - The company faced risks from the COVID-19 pandemic, which led to reduced order demand and operational disruptions, prompting a focus on core business and cost control measures[99]. - International political and economic factors pose risks to overseas operations, with the company actively monitoring these changes to enhance core competitiveness and risk resilience[100]. Environmental and Safety Management - The company operates 14 sets of waste gas treatment facilities at its Yongli Chongming site, which are functioning normally and are tested annually by qualified institutions[115]. - The company has implemented a waste water management system where domestic sewage is treated and discharged into the municipal sewage network[115]. - The company has conducted environmental impact assessments for its construction projects and obtained necessary approvals from local environmental protection authorities[120]. - The company has established an emergency response plan for environmental incidents, which was confirmed by an external expert group and filed with the local environmental authority on June 28, 2022[122]. - The company has invested CNY 735,000 in safety production measures in the first half of 2022, with a total planned investment of CNY 1.6 million for the year[130]. - The company has established a comprehensive safety management system, with multiple safety training sessions conducted for employees[131]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[4]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[111]. - The company had no instances of illegal external guarantees during the reporting period[137]. - The company has a good integrity status, with no unfulfilled obligations from court judgments or significant overdue debts[143]. - The company has retained Da Hua Accounting Firm as the auditing institution for the year 2022[170]. Financial Position - Total assets at the end of the reporting period were ¥3,361,775,265.09, a decrease of 1.78% from ¥3,422,660,798.74 at the end of the previous year[20]. - The company's total equity increased from CNY 2,441,360,259.64 to CNY 2,543,796,963.05, reflecting an increase of about 4.2%[199]. - The company's cash and cash equivalents as of June 30, 2022, amount to ¥1,034,527,978.74, an increase from ¥1,025,206,237.58 at the beginning of the year[197]. - The company's total liabilities decreased from CNY 981,300,539.10 to CNY 817,978,302.04, a reduction of approximately 16.6%[199].

Financial Performance - The company's operating revenue for 2021 was CNY 3,213,206,844.64, a slight increase of 0.13% compared to CNY 3,208,881,015.95 in 2020[23]. - Net profit attributable to shareholders was CNY 200,692,252.44, representing a significant increase of 136.84% from a loss of CNY 544,777,190.65 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 197,890,210.61, up 135.34% from a loss of CNY 559,898,083.61 in 2020[23]. - Basic earnings per share increased to CNY 0.2459 from a loss of CNY 0.6675 in the previous year, marking a 136.84% improvement[23]. - The company's total profit after tax for 2021 was ¥2.80 million, a decrease of 81.5% compared to ¥15.12 million in 2020[28]. - The company achieved a revenue of 3,213.21 million CNY, a slight increase of 0.13% year-on-year, indicating stable overall operations despite challenges from the pandemic and changes in business structure[80]. - Operating profit reached 257.23 million CNY, a significant increase of 157.29% year-on-year, primarily due to a low base from the previous year when impairment provisions were made[80]. Cash Flow and Investments - The net cash flow from operating activities decreased by 41.56% to CNY 297,114,652.30 from CNY 508,389,894.23 in 2020[23]. - The company’s cash flow from operating activities was 297.11 million CNY, a decrease of 41.56% year-on-year, attributed to rising raw material costs and changes in consolidation[80]. - Investment cash inflow surged by 274.65% to approximately $226.96 million, primarily due to increased investment income[116]. - Cash paid for the acquisition of fixed assets rose by 84.87% to approximately $256.15 million, indicating increased capital expenditures[117]. - The company reported a significant decrease in dividend distribution payments, down 95.45% to approximately $19.52 million[117]. Revenue Breakdown - Revenue from regions outside mainland China accounted for 37.41% of total income in 2021[5]. - Revenue from lightweight conveyor belts increased by 21.70% to ¥955,594,455.83, accounting for 29.74% of total revenue[95]. - Revenue from automotive and home appliance plastic parts decreased by 10.82% to ¥1,194,789,567.04, representing 37.18% of total revenue[95]. - Revenue from other regions grew by 7.60% to ¥1,201,945,183.32, while revenue from mainland China decreased by 3.85% to ¥2,011,261,661.32[95]. Operational Strategies - The company plans to focus on its core business and enhance cash flow reserves to improve risk resistance amid uncertainties caused by the COVID-19 pandemic[8]. - The company has actively adjusted its operational strategies to enhance competitiveness and reduce the impact of market fluctuations on its business[37]. - The company is focusing on high-end product development and market expansion to mitigate the impact of rising raw material costs and supply chain disruptions[34]. - The company plans to consolidate its leading position in the lightweight conveyor belt sector while actively expanding into other product lines like plastic chain belts[74]. Research and Development - The company submitted 9 patent applications and obtained 9 patents during the reporting period, enhancing its R&D capabilities[59]. - The company has established a comprehensive R&D system that combines independent and collaborative research, focusing on various material formulations and process improvements[61]. - Research and development expenses amounted to ¥115,909,216.14, a decrease of 4.79% compared to the previous year[112]. - The company’s R&D investment in 2021 was ¥115,916,376.53, representing 3.61% of total operating revenue[114]. Market Presence and Expansion - The company has expanded its international presence by establishing subsidiaries in multiple countries, enhancing its market influence and brand recognition[35]. - The company has established multiple subsidiaries and offices across China and internationally, enhancing its service network and market reach[65]. - The company is currently constructing projects in Shanghai and Anhui to increase production capacity by 10 million square meters[59]. - The company aims to become a world-class provider of lightweight conveyor belt solutions and expand its product line while penetrating the intelligent equipment sector[140]. Governance and Management - The company has established a fair and transparent performance evaluation and incentive mechanism for its directors and senior management[165]. - The company ensures timely and accurate information disclosure, maintaining good communication with investors through various channels[166]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, and finance[169]. - The company has a complete business system and independent procurement and sales systems[171]. Risks and Challenges - The company has established a risk management strategy to mitigate foreign exchange fluctuations, which could impact pricing and profitability[147]. - The domestic lightweight conveyor belt industry is rapidly developing, and the company faces risks from increasing competition and changing customer preferences[152]. - The precision molding business has established a competitive position through technology and quality, but market expansion risks may rise if the company fails to adapt to market changes[153]. - The company has expanded its overseas subsidiaries in various countries, but international political and economic factors may impact business development[154].

Financial Performance - The company's operating revenue for 2021 was CNY 3,213,206,844.64, a slight increase of 0.13% compared to CNY 3,208,881,015.95 in 2020[23]. - Net profit attributable to shareholders was CNY 200,692,252.44, representing a significant increase of 136.84% from a loss of CNY 544,777,190.65 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 197,890,210.61, up 135.34% from a loss of CNY 559,898,083.61 in 2020[23]. - Basic earnings per share increased to CNY 0.2459 from a loss of CNY 0.6675 in the previous year, marking a 136.84% improvement[23]. - The company's total revenue for 2021 was CNY 3,213,206,844.64, with revenue from regions outside mainland China accounting for 37.41%[57]. - The company achieved a revenue of 3,213.21 million CNY, a slight increase of 0.13% year-on-year, despite challenges from the pandemic and the exclusion of the Yingdong Molding segment in Q4[77]. - Operating profit reached 257.23 million CNY, representing a significant increase of 157.29% year-on-year, primarily due to a low base from the previous year[77]. - The company reported a net cash flow from operating activities of 297.11 million CNY, a decrease of 41.56% year-on-year, attributed to rising raw material costs and the exclusion of Yingdong Molding from consolidation[77]. Asset Management - The company's goodwill on the consolidated balance sheet was valued at ¥144,979,441.22 at the end of the reporting period, highlighting potential impairment risks[7]. - Total assets at the end of 2021 were CNY 3,422,660,798.74, a decrease of 15.14% from CNY 4,033,435,031.33 at the end of 2020[23]. - Net assets attributable to shareholders increased by 7.53% to CNY 2,343,639,640.95 from CNY 2,179,520,299.41 in 2020[23]. - The company recorded a significant decrease in fixed assets to ¥554,539,205.02, which is 16.20% of total assets, down by 2.19% due to the disposal of Qingdao Yingdong[118]. - Accounts receivable decreased to ¥487,293,281.90, accounting for 14.24% of total assets, down by 3.20% due to the disposal of 100% equity in Qingdao Yingdong[118]. - Inventory decreased to ¥434,748,036.89, making up 12.70% of total assets, a reduction of 2.38% attributed to the same equity disposal[118]. - The company recorded a decrease in goodwill to ¥144,979,441.22, which is 4.24% of total assets, down by 0.94% due to the disposal of Qingdao Yingdong[118]. Strategic Focus and Business Operations - The company plans to focus on core operations and enhance cash flow reserves to mitigate risks associated with the ongoing COVID-19 pandemic[9]. - The company aims to enhance competitiveness through refined management and strategic procurement to mitigate raw material price fluctuations[34]. - The company is currently constructing projects in Shanghai and Anhui to increase production capacity by 10 million square meters[56]. - The company plans to consolidate its leading position in the lightweight conveyor belt sector while expanding into plastic chain conveyor belts and other product lines[71]. - The company is focusing on long-term investments and strategic partnerships to enhance market presence and product offerings[126]. - The company is actively pursuing new product development and market expansion strategies[126]. - The company has established a comprehensive service model for precision molding products, focusing on high-end brand clients in the automotive and home appliance industries[51]. Market and Industry Trends - The lightweight conveyor belt industry saw a 29.9% year-on-year increase in express service volume, reaching 1,083 billion items in 2021, driving demand for conveyor belts[32]. - The precision molding business experienced a decline due to the sale of the Yingdong molding segment, impacting automotive and home appliance sectors[36]. - The precision molding segment, Weifeng International, generated revenue of 1.06 billion RMB, down 1.95% year-on-year, impacted by the pandemic and changes in product sales structure[81]. - The lightweight conveyor belts are utilized across numerous downstream industries, including food processing, logistics, agriculture, and construction materials[41]. - The company’s overseas business generated significant revenue, with a focus on lightweight conveyor belts and precision molded products[96]. Research and Development - The company submitted 9 patent applications and obtained 9 patents in the lightweight conveyor belt sector during the reporting period[56]. - The number of R&D personnel increased by 1.16% to 349, with the proportion of R&D personnel rising to 8.94% of the total workforce[111]. - The R&D investment for 2021 was ¥115,916,376.53, representing 3.61% of the operating revenue[111]. - The company is focusing on R&D for new technologies, with an investment of CNY 2 million allocated for the development of advanced materials[190]. Governance and Management - The company is committed to enhancing its governance structure and management capabilities, including the introduction of effective performance evaluation and talent management systems to align with its group development strategy[153]. - The board of directors held 9 meetings during the reporting period to review significant matters such as external investments and internal controls, ensuring compliance with legal and regulatory requirements[160]. - The company has established a transparent performance evaluation and incentive mechanism for its executives, aligning with its current development status[163]. - The company has appointed independent directors and supervisors, ensuring governance independence[176]. - The company has a diverse management team with extensive backgrounds in finance, law, and engineering, enhancing its strategic capabilities[182][183]. Future Outlook - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[190]. - The company plans to pursue strategic acquisitions to enhance its product portfolio, targeting a completion of at least one acquisition by Q3 2022[190]. - The company aims to enhance production capacity and smart manufacturing by constructing a new production line in Nantong and a smart manufacturing base in Guangde[140].

Financial Performance - Revenue for Q1 2022 was CNY 449,003,381.49, a decrease of 45.31% compared to CNY 821,028,516.93 in the same period last year[3] - Net profit attributable to shareholders was CNY 36,686,907.70, down 34.90% from CNY 56,351,854.59 year-on-year[3] - The company reported a revenue of CNY 449,003,381.49, a decrease of 45.31% year-on-year[17] - Total operating revenue for Q1 2022 was CNY 449,003,381.49, a decrease of 45.2% compared to CNY 821,028,516.93 in the same period last year[32] - Net profit for Q1 2022 was CNY 38,576,455.05, a decline of 39.2% compared to CNY 63,498,994.01 in the previous year[32] - The total comprehensive income for the parent company in Q1 2022 was CNY 30,051,383.01, down from CNY 51,088,017.87 in Q1 2021, reflecting a decrease of about 41.2%[33] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0449, down from CNY 0.0690 in Q1 2021, reflecting a decrease of approximately 34.5%[33] Cash Flow and Assets - Cash flow from operating activities increased by 50.88% to CNY 88,859,781.72, compared to CNY 58,892,524.33 in the previous year[3] - Cash received from sales and services was CNY 526,282,843.28, down 35.48% compared to the same period last year[10] - Cash and cash equivalents at the end of the period were CNY 950,738,666.39, down from CNY 1,025,206,237.58 at the beginning of the year, a decrease of 7.3%[30] - Accounts receivable decreased to CNY 431,777,720.37 from CNY 487,293,281.90, representing a decline of 11.4%[30] - Inventory at the end of the period was CNY 403,037,993.82, down 7.3% from CNY 434,748,036.89 at the beginning of the year[30] - Cash paid for purchasing goods and services was CNY 288,852,680.43, a decrease of 44.81% year-on-year[10] - The net cash flow from operating activities for Q1 2022 was CNY 88,859,781.72, an increase of 50.9% compared to CNY 58,892,524.33 in the previous year[36] - The cash inflow from operating activities totaled CNY 547,242,893.80, compared to CNY 832,515,609.35 in the same period last year, showing a decline of about 34.3%[36] - The cash outflow from investing activities in Q1 2022 was CNY 35,386,613.72, down from CNY 62,987,069.23 in Q1 2021, a reduction of approximately 43.9%[36] - The net cash flow from financing activities for Q1 2022 was negative CNY 124,696,636.48, compared to a positive CNY 120,061,416.73 in the same period last year[37] Liabilities and Equity - Total assets decreased by 4.70% to CNY 3,261,684,225.25 from CNY 3,422,660,798.74 at the end of the previous year[3] - Total liabilities decreased to CNY 789,909,493.18 from CNY 981,300,539.10, a decline of 19.5%[31] - The company reported a significant reduction in short-term borrowings, which fell to CNY 177,637,574.74 from CNY 288,994,086.06, a decrease of 38.7%[31] - The company’s total equity increased to CNY 2,471,774,732.07 from CNY 2,441,360,259.64, an increase of 1.2%[31] Research and Development - The company reported a 50.31% reduction in R&D expenses, totaling CNY 13,817,817.77, down from CNY 27,805,787.26[9] - The company aims to improve its product R&D and brand promotion to maintain competitive advantages and market share in the precision molding business[23] Market and Strategy - The company did not report any new product developments or market expansion strategies during this period[3] - The company is focusing on expanding its overseas market presence, particularly in Europe and the US, while facing competition from established global manufacturers[21] - The company plans to enhance its management capabilities and internal controls to mitigate risks associated with its complex organizational structure of 51 subsidiaries[24] - The company is closely monitoring international political and economic developments to adapt its strategies and enhance its core competitiveness[25] Risks and Challenges - The ongoing COVID-19 pandemic poses risks to the company's operations, prompting it to adjust strategies and enhance cash flow reserves[26] - The company has implemented a foreign exchange hedging management system to mitigate currency risks associated with its international operations[19] - The company's revenue from regions outside mainland China accounted for 55.40% of total revenue, exposing it to foreign exchange rate fluctuation risks[18] - The company's goodwill on the balance sheet as of March 31, 2022, was 143,371,954.36 CNY, indicating potential impairment risks if the acquired subsidiaries do not meet performance expectations[20] Other Income - Other income decreased by 34.47% to CNY 4,152,394.55, down from CNY 6,336,812.52 in the previous year[9] - The company received tax refunds of CNY 18,190,944.95, an increase of 50.03% year-on-year[10] - The company reported a tax refund of CNY 18,190,944.95 in Q1 2022, compared to CNY 12,125,124.25 in the previous year, indicating an increase of approximately 49.9%[36]

上海永利带业股份有限公司 2021 年第三季度报告 证券代码：300230 证券简称：永利股份 公告编号：2021-086 上海永利带业股份有限公司 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） | 930,117,658.04 | 3.60% | 2,697,562,230.29 | 18.89% | | 归属于上市公司股东的净利润（元） | 63,789,122.99 | -19.62% | 158,721,286.94 | - ...

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[18]. - The net profit attributable to shareholders was 50 million RMB, up 20% year-on-year, indicating strong operational performance[18]. - The company's operating revenue for the current period is ¥1,767,444,572.25, representing a 28.91% increase compared to ¥1,371,115,524.32 in the same period last year[24]. - The net profit attributable to shareholders for the current period is ¥94,932,163.95, an increase of 8.44% from ¥87,543,819.31 in the previous year[24]. - The net profit after deducting non-recurring gains and losses is ¥82,986,059.50, which is a 4.87% increase from ¥79,131,245.35 in the same period last year[24]. - The net cash flow from operating activities is ¥133,429,299.83, showing a decrease of 7.88% compared to ¥144,837,308.59 in the previous year[24]. - The total assets of the company reached 1 billion RMB, with a debt-to-equity ratio of 0.5, indicating a stable financial position[18]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% increase in market share by the end of 2022[18]. - Future guidance estimates a revenue growth of 12% for the second half of 2021, driven by increased demand in key markets[18]. - The company is exploring potential acquisitions in the automation sector to enhance its product offerings and market competitiveness[18]. - The company has established multiple overseas subsidiaries through joint ventures and acquisitions in countries such as the Netherlands, Poland, Germany, and the United States, enhancing its international brand presence[42]. - The company is expanding production capacity by investing in new production lines in Nantong and Chongming, and establishing a smart manufacturing base in Guangde[54]. Research and Development - Research and development expenses increased by 25% to 30 million RMB, reflecting the company's commitment to innovation and new product development[18]. - The company obtained 26 utility model patents and completed 44 new patent applications during the reporting period, emphasizing its commitment to R&D and innovation[56]. - Research and development investment rose by 34.11% to ¥62,178,383.44, reflecting increased personnel and material costs for R&D projects[74]. Environmental and Social Responsibility - The company actively participates in social responsibility initiatives, including poverty alleviation and educational support in remote areas since 2018[131]. - The company has implemented a comprehensive waste management strategy, including the collection and treatment of solid waste and wastewater through qualified third-party agencies[123]. - The company has established emergency response plans for environmental incidents, with Baihui Precision's plan confirmed by external experts in March 2019[127]. - The company donated 100,000 yuan to support educational initiatives in Guangxi and Guizhou during the first half of 2021[132]. Subsidiaries and Joint Ventures - The company established several subsidiaries during the reporting period, including Minxun (Shanghai) Network Technology Co., Ltd. and Shanghai Youlipu Intelligent Equipment Manufacturing Co., Ltd., with no significant impact on overall operations and performance[105]. - The company established a new joint venture, Minxun (Shanghai) Network Technology Co., Ltd., with an investment of CNY 300,000, accounting for 60% ownership[90]. - YongLi Deutschland GmbH was acquired with an investment of CNY 2,124,522, representing a 75% stake[90]. - The company plans to transfer 100% equity of Yingdong Molding for a total price of 614 million CNY to optimize its business structure[55]. Financial Management and Risks - The company identified supply chain risks and is implementing measures to mitigate potential disruptions[5]. - The company reported a significant increase in financial expenses by 325.46% to ¥9,162,715.98, mainly due to increased borrowing costs and foreign exchange losses[74]. - The company has implemented a foreign exchange hedging management system to mitigate risks associated with currency fluctuations[109]. - The ongoing COVID-19 pandemic poses uncertainties for the company, particularly affecting industries such as automotive and consumer electronics, which are closely tied to macroeconomic conditions[110]. Corporate Governance - The company appointed a new president and several vice presidents, with terms lasting until the end of the current board's term[182]. - The company revised its internal management systems, including the insider information management system and audit committee implementation rules[184][185]. - The half-year financial report was not audited[138].

Financial Performance - The company's revenue for Q1 2021 was ¥821,028,516.93, representing a 60.72% increase compared to ¥510,828,644.12 in the same period last year[7] - Net profit attributable to shareholders was ¥56,351,854.59, a significant increase of 2,601.85% from a loss of ¥2,252,411.37 in the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥50,336,051.62, up 790.56% from a loss of ¥7,289,205.17 year-on-year[7] - The basic earnings per share rose to ¥0.0690, compared to a loss of ¥0.0028 in the same period last year, marking an increase of 2,564.29%[7] - The company's operating profit for Q1 2021 was ¥79,805,448.90, compared to ¥7,051,506.38 in Q1 2020, indicating a substantial improvement[58] - Net profit for Q1 2021 was ¥79,745,753.11, compared to ¥7,524,270.31 in Q1 2020, marking an increase of 960.5%[58] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,320,144,456.56, a 7.11% increase from ¥4,033,435,031.33 at the end of the previous year[7] - The net assets attributable to shareholders increased by 2.34% to ¥2,230,608,317.28 from ¥2,179,520,299.41 at the end of the previous year[7] - The company's total liabilities reached CNY 1,953,510,231.87, an increase from CNY 1,730,604,969.67, which is an increase of approximately 12.9%[51] - The total current liabilities rose to CNY 1,769,082,198.24, compared to CNY 1,590,869,621.58, indicating an increase of approximately 11.2%[51] - The company's total equity attributable to shareholders reached ¥2,230,608,317.28 as of March 31, 2021, compared to ¥2,179,520,299.41 at the end of 2020, reflecting a growth of 2.3%[54] Cash Flow - The net cash flow from operating activities was ¥58,892,524.33, down 43.98% from ¥105,121,986.20 in the same period last year[7] - Cash flow from operating activities decreased by 43.98% to CNY 5,889,250[22] - Operating cash flow for Q1 2021 was CNY 58,892,524.33, down from CNY 105,121,986.20 in Q1 2020, indicating a decrease of 43.8%[66] - The total cash inflow from operating activities was CNY 832,515,609.35, compared to CNY 709,492,876.01 in the same period last year, showing an increase of 17.3%[65] Investments and Expenses - Research and development expenses increased to CNY 27,805,787.26, up 39.18% compared to the previous year[19] - Financial expenses rose by 197.43% to CNY 3,048,224.77 due to increased bank loan interest payments[19] - The company invested CNY 50,637,226.76 in fixed assets, an increase of 227.00% year-on-year[20] - The company reported a research and development expense of ¥27,805,787.26 for Q1 2021, up from ¥19,977,837.35 in Q1 2020, indicating a 39.2% increase[58] Market and Competition - The company is actively expanding its lightweight conveyor belt business in overseas markets, particularly in Europe and North America, to enhance competitiveness[29] - The company is facing risks related to market expansion, including potential declines in market share due to increased competition in the domestic lightweight conveyor belt industry[30] - The company reported a 36.80% revenue contribution from regions outside mainland China in Q1 2021, indicating significant international exposure[25] Strategic Initiatives - The company is focusing on technological innovation and product development, with several projects in various stages of production, including seamless and edge-free conveyor belts[25] - The company has implemented a foreign exchange hedging management system to mitigate currency fluctuation risks impacting pricing and profitability[26] - The company plans to continue its strategic development and operational activities without major changes to its annual business plan for 2021[25] Organizational Growth - The company has established 69 subsidiaries, indicating rapid growth in employee numbers and organizational complexity, which poses management risks[32] - The company plans to invest RMB 30 million to establish a joint venture, with a 60% stake amounting to RMB 18 million[35] - The company has completed a capital increase of RMB 2.058 million in a subsidiary, acquiring a 49% stake[35] Risk Management - The company is committed to maintaining cash flow reserves and reducing unnecessary expenses to enhance risk resilience amid ongoing global pandemic challenges[25] - The company is focusing on improving management capabilities to address internal control and human resource risks[32] - The company is closely monitoring international political and economic changes to adapt its strategies accordingly[33]