证券代码：300328 证券简称：宜安科技 东莞宜安科技股份有限公司投资者关系活动记录表 编号：20201207 | --- | --- | --- | --- | |----------------|--------------------------------|-----------------------|-----------------| | | □ 特定对象调研 | □ 分析师会议 | | | 投资者关系活动 | □ 媒体采访 | □ 业绩说明会 | | | 类别 | □ 新闻发布会 | □ 路演活动 | | | | □ 现场参观 | √ 其他 : | 电话会议 | | | 中邮基金 | | 金振振 | | | 天弘基金 | | 唐博 | | | 泓澄投资 | | 陈骞 | | | 国泰基金 | | 张阳 | | 参与单位名称及 | 淡水泉（北京）投资管理有限公司 | | 裘潇磊 | | 人员姓名 | 泓德基金 | | 程杰 | | | 银华基金 | | 刘洋 | | | 华富基金 | | 聂嘉雯 | | | 浙江永安国富资产 | | 叶斌 | | 时间 | 2020 | 年 12 月 7 日 ...

Group 1: Company Overview - Yian Technology was established in 1993 and listed on the Shenzhen Stock Exchange in June 2012 [4] - The company specializes in precision die-casting of light alloys and new materials, with over 20 years of industry experience [4] - Yian Technology operates a complete industrial chain, providing integrated services from material R&D to precision machining and surface treatment [4] Group 2: Product Development and Applications - The company has invested in various large vacuum die-casting equipment, including models of 4200T, 3500T, 2700T, and 1600T, to meet diverse production needs [5] - Yian Technology has successfully integrated large precision die-casting in products for electric vehicles, including components like motors, battery packs, and doors [5] - The company has entered the supply chains of renowned clients such as Tesla, CATL, BYD, and Geely [5] Group 3: Medical Applications - Yian Technology's subsidiary, Magnesium Medical, focuses on high-purity magnesium orthopedic implants, which have shown good biocompatibility and mechanical properties [6] - The company completed its first clinical trial of high-purity magnesium screws in January 2020, with ongoing trials in 8 hospitals [6] - In May 2020, the company received CE certification for its high-purity magnesium screws, and it has signed a cooperation agreement for 1500 units with a Georgian medical service company [6] Group 4: Liquid Metal Products - Yian Technology is a pioneer in the development of liquid metal products, which exhibit superior mechanical properties compared to conventional materials [6] - The company has successfully applied liquid metal in consumer electronics and automotive components, including hinges and optical brackets for smartphones [6] - Yian Technology is the only company globally to supply liquid metal components to the automotive industry, specifically to Tesla [6] Group 5: Future Prospects and Market Strategy - The company aims to enhance its core competitiveness by developing products that meet market demands and expanding its customer base [9] - Yian Technology is preparing for FDA registration in the U.S. and is actively pursuing sales in international markets after obtaining CE certification [8] - The company plans to continue its diversified development strategy, focusing on new materials and integrated production processes to meet the evolving needs of the automotive and medical sectors [8]

证券代码：300328 证券简称：宜安科技 东莞宜安科技股份有限公司投资者关系活动记录表 编号：20210916 | --- | --- | --- | |----------------|--------------------------------|---------------------------------------------| | | | | | | | √特定对象调研 □分析师会议 | | 投资者关系活动 | | □媒体采访 □业绩说明会 | | 类别 | | □新闻发布会 □路演活动 | | | □现场参观 | □其他 : | | | 平安证券综合研究所 | 陈建文 | | | 深圳市智融会基金管理有限公司 | 杜广辉 | | | | 前海年丰基金管理（深圳）有限公司 乔丰 | | | 华安财产保险股份有限公司 | 费腾 | | | 平安证券有限责任公司 | 胡红兵 | | | 深圳市鸿臻投资管理有限公司 | 李东辉 | | | | 前海大唐英加（深圳）基金管理有限公司 李科 | | | 金信基金管理有限公司 | 刘榕俊 | | 参与单位名称及 | 深圳前海创享赢投资管理有限公司 | ...

Group 1: Company Overview - Yian Technology has been a pioneer in large aluminum and magnesium alloy die-casting equipment since its establishment in 1993, with nearly 30 years of experience in precision die-casting technology [1] - The company has developed various large vacuum die-casting machines, including models with capacities of 4200T, 3500T, 2700T, and 1600T, and has installed a 6100T die-casting machine at its Zhuzhou factory [3] Group 2: Product and Market Insights - In terms of product composition, magnesium products accounted for 32.38% of the company's revenue last year, while aluminum products made up 33.50%, with both having similar gross margins [3] - The main applications for magnesium and aluminum alloy die-casting products include automotive products, consumer electronics, and components for 5G communication base stations [3] Group 3: Material and Pricing Dynamics - The density of magnesium is approximately 1.73, while aluminum's density is about 2.7, making magnesium alloys roughly 1/3 lighter than aluminum alloys, which is advantageous for automotive applications [3] - The price of magnesium alloy increased significantly last year but has stabilized recently, with the company employing a quarterly pricing strategy with suppliers [4] Group 4: Liquid Metal Business - The company has over 50 liquid metal vacuum forming devices and can produce its own liquid metal machinery, allowing for rapid capacity expansion if market demand increases [5] - Liquid metal applications are primarily in consumer electronics, acoustics, medical devices, and sports equipment, with potential breakthroughs expected in wearable products [4] Group 5: Future Prospects and Challenges - The biodegradable high-purity magnesium bone screws are currently undergoing clinical trials, with promising prospects due to their biocompatibility and mechanical properties [5] - The company is actively seeking partnerships to expand the liquid metal market, which currently faces limited competition [4]

Company Focus and Development Areas - The company focuses on three key development areas: liquid metal, automotive components for new energy vehicles, and biodegradable medical magnesium alloys[9]. - The company plans to increase R&D investment in high-tech new products, particularly in liquid metal and automotive components, to enhance market competitiveness[7]. - The company acknowledges the risk of intensified market competition in the automotive and consumer electronics sectors[7]. - The company emphasizes the importance of timely product launches to meet customer demands and improve market position[8]. Financial Performance - The company's operating revenue for the first half of 2022 was ¥709,572,224.66, representing a 45.69% increase compared to ¥487,057,503.76 in the same period last year[36]. - The net profit attributable to shareholders of the listed company reached ¥9,448,660.10, a significant increase of 1,203.11% from ¥725,083.46 in the previous year[36]. - The net profit after deducting non-recurring gains and losses was ¥4,295,029.82, compared to a loss of ¥6,231,961.08 in the same period last year, marking a 168.92% improvement[36]. - The net cash flow from operating activities was ¥37,131,412.21, a turnaround from a negative cash flow of ¥3,078,967.03 in the previous year, reflecting a 1,305.97% increase[36]. - Basic earnings per share increased to ¥0.0137 from ¥0.0011, representing a growth of 1,145.45%[36]. Market and Industry Trends - In the first half of 2022, China's new energy vehicle production and sales reached 2.661 million and 2.6 million units, respectively, both showing over 120% year-on-year growth[49]. - The integration of die-casting technology is expected to enhance production efficiency and reduce costs, benefiting the new energy vehicle parts industry[50]. - Liquid metal, characterized by high strength and hardness, is increasingly being adopted in consumer electronics, new energy vehicles, and medical devices, indicating a growing market demand[51]. - The global shipment of foldable smartphones reached 11.5 million units by the end of 2021, with a year-on-year growth of 309%, suggesting a rising demand for liquid metal in this sector[53]. Research and Development - The company has a strong research and development team focused on biodegradable magnesium alloys, enhancing its competitive edge in the medical materials sector[60]. - The company has established multiple research platforms, including the "Guangdong Province Academy of Sciences Expert Workstation" and "National Postdoctoral Research Station," to enhance its R&D capabilities[88]. - Total R&D investment during the reporting period reached CNY 45.1595 million, reflecting a year-on-year increase of 3.13%[76]. Production and Supply Chain - The company has invested in large-scale magnesium-aluminum alloy die-casting equipment, including a 6100T die-casting machine, to meet the production needs of new energy vehicle components[57]. - The company has established a comprehensive procurement and production management system to ensure quality and efficiency in its operations[45][46]. - The company has entered the supply chains of well-known clients such as Tesla, CATL, and Geely[65]. Environmental Compliance - 宜安科技在2022年上半年，COD排放浓度为46.00 mg/L，低于核定标准80 mg/L，未发生超标排放[131]. - 宜安科技的氨氮排放浓度为1.11 mg/L，低于核定标准10 mg/L，未发生超标排放[131]. - 宜安科技的总VOCs排放浓度为2.15 mg/m³，低于核定标准30 mg/m³，未发生超标排放[131]. - Yian Yunhai's environmental monitoring results for the first half of 2022 were compliant, as confirmed by third-party testing agencies[143]. Corporate Governance and Shareholder Relations - The company has committed to avoiding any business activities that may compete with its main operations, ensuring no conflicts of interest among its major shareholders[147]. - The company has established a robust governance structure to ensure compliance with regulatory requirements and protect shareholder interests[153]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[156]. Future Outlook - The company provided a positive outlook for the second half of 2022, projecting a revenue increase of 15% to 1.75 billion RMB, driven by new product launches and market expansion efforts[154]. - New product development includes advancements in liquid metal technology, with an investment of 100 million RMB allocated for R&D in this area[153].

Financial Performance - The company's operating revenue for 2021 was CNY 1,069,783,530.12, representing a 13.15% increase compared to CNY 945,452,380.29 in 2020[33]. - The net profit attributable to shareholders of the listed company was a loss of CNY 199,461,036.78, a decrease of 1,330.31% from a profit of CNY 16,212,235.28 in 2020[33]. - The net cash flow from operating activities was a negative CNY 10,498,224.98, down 105.13% from CNY 204,561,700.81 in the previous year[33]. - The basic earnings per share for 2021 was -CNY 0.2889, a decline of 1,329.36% from CNY 0.0235 in 2020[33]. - The total operating revenue for 2021 was CNY 1,057,382,354.26, an increase from CNY 940,913,388.65 in 2020[39]. - The net profit attributable to shareholders for Q4 2021 was a loss of CNY 200,808,491.48, significantly down from a profit of CNY 622,371.24 in Q3 2021[41]. - The net cash flow from operating activities in Q4 2021 was a negative CNY 14,912,984.54, indicating cash flow challenges[41]. - The company reported a non-operating income of CNY 16,795,059.94 from government subsidies in 2021, up from CNY 14,192,219.77 in 2020[44]. - The company achieved an operating revenue of 1,069.78 million CNY in 2021, representing a growth of 13.15% compared to the previous year[70]. - The net profit attributable to shareholders was -199.46 million CNY, a decrease of 1,330.31% year-on-year[70]. Market and Industry Position - The main business remains focused on the research, design, production, and sales of new materials, including liquid metals, magnesium alloys, aluminum alloys, medical materials, and polymer materials, applicable in various sectors such as new energy vehicles and consumer electronics[8]. - The company has leading core technologies in liquid metals, new energy vehicles, and biodegradable medical magnesium alloys, with proprietary patent technologies[9]. - The company is focusing on lightweight materials and integrated die-casting technology to address challenges in the new energy vehicle sector[49]. - The production and sales of new energy vehicles in China reached 3.545 million and 3.521 million units in 2021, respectively, representing a year-on-year growth of 160%[48]. - The market share of new energy vehicles increased to 13.4% in 2021, up 8 percentage points from the previous year[48]. - The company is a leading supplier of liquid metal components for Tesla's Model X door lock cover, marking its unique position in the automotive industry[61]. - The company has established a strong presence in the orthopedic implant market, driven by the increasing demand for innovative materials due to an aging population[56]. - The company has entered the supply chains of major clients such as Tesla, CATL, and Bosch, enhancing its market position in the new energy vehicle sector[59]. - The company is actively expanding its overseas market for medical device components, leveraging the high precision and strength of liquid metal[61]. Research and Development - The company plans to increase R&D investment in liquid metals and magnesium-aluminum alloys, innovate products, and expand sales channels to seek new profit growth points[10]. - The company reported a 17.72% increase in R&D investment, totaling 95.5 million yuan during the reporting period[104]. - The number of R&D personnel increased to 322 in 2021, up by 2.22% from 315 in 2020[127]. - The company aims to develop high-strength die-casting magnesium alloys with a room temperature tensile strength of ≥260MPa and yield strength of ≥160MPa[121]. - The company is focusing on the development of high-purity magnesium stents and other related products, currently in the laboratory research phase[64]. - The company has established partnerships with local universities to enhance talent acquisition and research capabilities in high-tech materials[124]. - The company is committed to improving its internal management systems to boost operational efficiency across various departments[161]. Operational Challenges - The company's performance significantly declined due to the ongoing global pandemic, impairment of goodwill related to the acquisition of Optoelectronics, substantial increases in raw material prices, and increased R&D investment[8]. - The ongoing global pandemic poses risks to production, logistics, and market sales, potentially impacting the company's operations[21]. - The company anticipates rising costs due to increased R&D, market expansion, and labor costs, which may impact operating performance[14]. - The company is managing accounts receivable risks by implementing different settlement methods based on customer profiles and enhancing monitoring of receivables[16]. - The company is facing uncertainty regarding its ability to continue as a going concern, as indicated by the audit report[33]. Strategic Initiatives - The company is committed to improving management and internal controls to adapt to its expanding business scale and mitigate operational risks[17]. - The company has established a complete industrial chain for new materials, covering liquid metals, magnesium alloys, aluminum alloys, and medical materials[66]. - The company is leveraging opportunities from national development plans to enhance R&D and market expansion in the fields of new energy vehicles and liquid metals[70]. - The company has implemented a direct sales model based on customer orders, ensuring a focus on product quality and customer satisfaction[68]. - The company is focusing on optimizing its production and quality control processes to reduce costs and improve efficiency[161]. Future Outlook - The company plans to enhance its investor relations management to foster long-term, stable interactions with investors[161]. - The company aims to enhance its market presence and economic growth through the commercialization of biodegradable magnesium implants, which are expected to be the first of their kind in the domestic market[125]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2022, indicating an expected growth rate of 25%[200]. - The company plans to accelerate the construction of four new factory buildings for the industrialization of amorphous alloy (liquid metal) precision structural components, aiming for early completion and operation[159]. - The company intends to strengthen its marketing efforts by expanding its sales team and enhancing promotional activities for new products[159].

Financial Performance - The company's revenue for Q1 2022 was CNY 324,790,692.78, representing a 41.47% increase compared to CNY 229,583,471.84 in the same period last year[3] - Net profit attributable to shareholders reached CNY 8,502,332.44, a significant increase of 637.05% from CNY 1,153,559.61 year-on-year[3] - Basic earnings per share increased to CNY 0.0123, up 623.53% from CNY 0.0017 in the same quarter last year[3] - Total operating revenue for Q1 2022 was CNY 324,790,692.78, an increase of 41.5% compared to CNY 229,583,471.84 in Q1 2021[18] - Net profit for Q1 2022 reached CNY 7,035,721.40, a significant recovery from a net loss of CNY 1,127,521.88 in Q1 2021[20] - Earnings per share for Q1 2022 was CNY 0.0123, compared to CNY 0.0017 in Q1 2021, reflecting improved profitability[20] - The company recorded a total comprehensive income of CNY 6,766,920.92 in Q1 2022, compared to a loss of CNY 796,170.16 in Q1 2021[20] Cash Flow - The net cash flow from operating activities was negative at CNY -13,029,867.08, a decline of 257.27% compared to CNY 8,285,197.12 in the previous year[3] - Cash flow from operating activities showed a net outflow of CNY 13,029,867.08 in Q1 2022, contrasting with a net inflow of CNY 8,285,197.12 in Q1 2021[21] - The cash inflow from operating activities totaled CNY 319,190,455.22 in Q1 2022, compared to CNY 249,957,973.91 in the same period last year[21] - The net cash flow from investment activities was -74,642,059.13 CNY, compared to -141,144,088.80 CNY in the previous year, indicating an improvement[22] - Cash inflow from financing activities totaled 170,499,510.00 CNY, up from 101,204,350.00 CNY year-over-year[22] - The net cash flow from financing activities was 74,703,313.51 CNY, compared to 43,061,539.23 CNY in the same period last year, showing a significant increase[22] - The total cash and cash equivalents at the end of the period were 172,084,191.24 CNY, down from 264,220,864.02 CNY year-over-year[22] - The cash outflow from investment activities amounted to 121,840,547.67 CNY, compared to 190,995,916.31 CNY in the previous year[22] - The cash outflow for repaying debts was 90,075,280.00 CNY, an increase from 55,968,320.00 CNY year-over-year[22] - The company reported a net decrease in cash and cash equivalents of -13,152,370.51 CNY for the quarter[22] - The cash flow from financing activities was primarily driven by an increase in borrowings received, which totaled 170,499,510.00 CNY[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,314,529,713.34, reflecting a 5.37% increase from CNY 2,196,663,310.80 at the end of the previous year[3] - The total liabilities increased to RMB 1,076,185,415.36, reflecting a growth in financial obligations[15] - The company reported a total liability of CNY 1,064,246,172.54 as of the end of Q1 2022, compared to CNY 953,146,991.04 at the end of Q1 2021[19] - Total equity attributable to shareholders of the parent company was CNY 1,091,389,094.45, slightly up from CNY 1,083,155,562.49 year-on-year[19] Operating Costs and Expenses - The company reported a 44.61% increase in operating costs, amounting to CNY 303,000,000, primarily due to increased revenue[6] - Total operating costs for Q1 2022 were CNY 321,930,662.62, up 37.9% from CNY 233,426,223.65 in the same period last year[19] - Research and development expenses increased to CNY 21,142,835.29 in Q1 2022, up from CNY 16,899,248.17 in the previous year, indicating a focus on innovation[19] Investments and Future Outlook - Investment income surged by 349.75%, attributed to higher returns from financial products[6] - The company has ongoing investments in research and development, with a focus on new technologies and products to enhance market competitiveness[15] - Future outlook includes plans for market expansion and potential mergers and acquisitions to drive growth[15] Other Notable Points - The company reported a total of 9,007,500 shares under lock-up for executives, indicating a commitment to long-term stability[12] - The company experienced an 88.39% increase in receivables, mainly due to the transfer of bank acceptance bills under new financial instrument standards[6] - Long-term borrowings increased by 67.62%, reflecting new loans taken to support production needs[6] - The company reported a 59.59% increase in contract liabilities, indicating a rise in customer prepayments[6] - The company's current assets totaled RMB 1,076,185,415.36, up from RMB 989,329,815.80 at the beginning of the year, indicating an increase of about 8.77%[14] - The inventory level rose to RMB 312,454,793.18 from RMB 257,828,784.45, representing a significant increase of approximately 21.19%[14] - Short-term borrowings increased to RMB 312,729,506.11 from RMB 284,360,405.58, marking a rise of about 9.97%[15] - Accounts receivable stood at RMB 354,226,726.29, compared to RMB 347,062,326.51 at the beginning of the year, showing a slight increase of approximately 2.34%[14] - The company's cash and cash equivalents decreased to RMB 178,921,250.05 from RMB 192,922,791.63, a decline of about 7.25%[14] - The company did not conduct an audit for the first quarter report[23] - The cash flow from operating activities was not detailed in the provided content, indicating a potential area for further analysis[22]

Revenue and Profitability - Revenue for Q3 2021 was CNY 275,384,828.63, an increase of 3.77% year-over-year, while year-to-date revenue reached CNY 762,442,332.39, up 11.47% compared to the previous year[3]. - Net profit attributable to shareholders for Q3 2021 was CNY 622,371.24, a significant decrease of 97.14% year-over-year, with year-to-date net profit at CNY 1,347,454.70, down 95.41%[3]. - Total operating revenue for Q3 2021 was CNY 762,442,332.39, an increase from CNY 683,980,462.83 in the previous period[23]. - Net profit for Q3 2021 was a loss of CNY 6,955,426.50, compared to a profit of CNY 35,208,811.25 in the same period last year[24]. - The company reported a comprehensive income total of CNY -7,610,652.48 for Q3 2021, down from CNY 33,897,877.50 in the previous year[25]. - Basic and diluted earnings per share for Q3 2021 were both CNY 0.0020, a decrease from CNY 0.0425 in the same period last year[25]. Cash Flow and Financial Position - The net cash flow from operating activities for the year-to-date period was CNY 5,431,803.19, reflecting a decline of 97.16% compared to the same period last year[3]. - Cash flow from operating activities was CNY 731,780,426.88, compared to CNY 745,405,824.84 in the previous period[27]. - The net cash flow from operating activities for Q3 2021 was 5,431,803.19 CNY, a significant decrease from 191,089,422.79 CNY in Q3 2020[28]. - Total cash inflow from investment activities was 557,702,377.54 CNY, while cash outflow was 770,086,843.58 CNY, resulting in a net cash flow of -212,384,466.04 CNY[28]. - The net cash flow from financing activities was 81,275,342.45 CNY, compared to only 2,891,233.23 CNY in the same period last year[29]. - The total cash and cash equivalents at the end of Q3 2021 stood at 227,595,220.94 CNY, down from 320,974,673.94 CNY at the end of Q3 2020[29]. - The company received 288,101,950.00 CNY in cash from borrowings during the quarter, an increase from 208,152,895.07 CNY in the previous year[29]. - Cash paid for purchasing goods and services amounted to 519,849,569.61 CNY, which is an increase from 429,599,316.96 CNY in Q3 2020[28]. - The company reported a total cash outflow of 810,944,860.86 CNY from operating activities, compared to 697,229,769.80 CNY in the same quarter last year[28]. - The company experienced a negative impact of -708,753.99 CNY from exchange rate fluctuations on cash and cash equivalents[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,182,078,896.13, representing a 4.47% increase from the end of the previous year[3]. - Non-current assets totaled CNY 1,234,678,674.12, an increase from CNY 1,111,520,767.86 in the previous period[21]. - Total liabilities increased to CNY 729,563,220.36 from CNY 631,634,260.97 in the previous period[21]. - The company’s long-term borrowings increased by 56.78% compared to the previous year-end, driven by new borrowings to support operational needs[9]. - The company’s long-term borrowings rose to CNY 146,000,000.00 from CNY 93,122,230.56 in the previous period[21]. - Cash and cash equivalents as of September 30, 2021, amount to ¥229,743,758.67, a decrease from ¥364,311,253.06 at the end of 2020[19]. - Total current assets as of September 30, 2021, are ¥947,400,222.01, down from ¥977,144,057.36 at the end of 2020[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 29,405[13]. - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., holds 27.97% of shares, totaling 193,125,000 shares[14]. - The second largest shareholder, Yian Industrial Co., Ltd., holds 20.41% of shares, totaling 140,935,000 shares[14]. - The top ten shareholders include both domestic and foreign entities, with significant stakes held by state-owned and private firms[14]. - The company has a total of 9,007,500 restricted shares held by executives, which are subject to lock-up agreements[16][17]. - The company has no preferred shareholders as indicated in the report[15]. Operational Insights - The company’s inventory increased by 52.92% year-over-year, primarily due to a rise in raw material stock[8]. - The report indicates that there are no new strategies or significant market expansions mentioned in the current quarter[18]. - Total operating costs for Q3 2021 were CNY 782,643,600.91, up from CNY 682,146,777.76 in the previous period[24]. - The company did not adjust the beginning balance sheet items for the new leasing standards as it has not yet involved related business[30]. - The third quarter report was not audited, indicating that the figures may be subject to change upon final review[30].

Business Development Focus - The company plans to focus on three key development areas: liquid metal, automotive components for new energy vehicles, and biodegradable medical magnesium alloys[9]. - The company aims to increase market share in liquid metal and new energy vehicle products, which may lead to a rigid increase in R&D, marketing, and labor costs[9]. - The company is focused on integrating and managing acquired companies to prevent goodwill impairment risks[16]. - The company is actively promoting the clinical transformation of biodegradable magnesium implants with support from regulatory bodies and experts[60]. - The company is focusing on expanding its market presence in the medical device sector, leveraging its high-precision liquid metal materials[57]. Financial Performance - The company's operating revenue for the first half of 2021 was RMB 487,057,503.76, representing a 16.35% increase compared to RMB 418,596,883.85 in the same period last year[35]. - The net profit attributable to shareholders of the listed company decreased by 90.51% to RMB 725,083.46 from RMB 7,639,095.32 in the previous year[35]. - The net profit after deducting non-recurring gains and losses was RMB -6,231,961.08, a decline of 200.83% compared to RMB 6,180,522.81 in the same period last year[35]. - The net cash flow from operating activities was RMB -3,078,967.03, down 102.08% from RMB 148,172,377.49 in the previous year[35]. - The total assets at the end of the reporting period were RMB 2,162,780,565.01, an increase of 3.55% from RMB 2,088,664,825.22 at the end of the previous year[35]. Market Trends and Opportunities - In the first half of 2021, the production and sales of new energy vehicles in China exceeded 1.2 million units, representing a year-on-year growth of 200%[47]. - The lightweight trend in the automotive industry is driving the demand for magnesium-aluminum alloys and liquid metals, which are crucial for achieving vehicle weight reduction[48]. - The global foldable smartphone market is expected to grow from approximately 5.2 million units in 2020 to over 50 million units by 2025, with a compound annual growth rate of about 57%[51]. - The company has a significant market opportunity in the orthopedic implant market due to the aging population and increasing demand for orthopedic products[53]. Research and Development - R&D investment totaled 43.79 million yuan, representing a 17.08% increase compared to the previous year, aimed at enhancing product competitiveness[81]. - The company has obtained 41 new patents and 5 trademarks during the reporting period, bringing the total to 234 patents and 42 trademarks, reinforcing its technological innovation position[81]. - The company has developed a comprehensive capability in liquid metal research and production, holding independent intellectual property rights in various aspects of amorphous alloy technology[92]. Environmental and Social Responsibility - The company has implemented effective pollution control measures, ensuring that all monitored emissions are within regulatory limits[142]. - The company maintains strong relationships with suppliers and customers, focusing on mutual benefits and compliance with contractual obligations[156]. - The company emphasizes sustainable development by increasing environmental protection investments through technology upgrades and resource recycling[157]. Corporate Governance and Compliance - The company has committed to not engaging in any business activities that compete with its main operations during the investment period[162]. - The company has established independent financial systems to maintain financial independence from controlling enterprises[166]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[176]. Shareholder Relations - The company emphasizes shareholder rights and has implemented a three-year shareholder return plan for 2021-2023[156]. - The company has a policy that allows executives to transfer a maximum of 25% of their total shareholdings during their tenure[198]. - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., held 27.97% of shares, totaling 193,125,000 shares, with 96,555,000 shares pledged[200].

Financial Performance - The company's revenue decreased by 79.63 million yuan due to delays in resumption of work and production caused by the global pandemic[8]. - The company's operating revenue for 2020 was approximately ¥945.45 million, a decrease of 7.77% compared to ¥1,025.08 million in 2019[36]. - The net profit attributable to shareholders of the listed company for 2020 was approximately ¥16.21 million, representing a significant decline of 84.27% from ¥103.09 million in 2019[36]. - The basic earnings per share for 2020 was ¥0.0235, down 84.26% from ¥0.2240 in 2019[36]. - The company's total assets reached ¥2,088,664,825.22, an increase of 2.86% compared to the previous year[37]. - The company reported a total distributable profit of 240,241,165.86 RMB, with the remaining undistributed profit of 233,336,929.86 RMB carried forward to future periods[176][179]. - The net profit attributable to shareholders for 2018, 2019, and 2020 was reported as CNY 3,767.58 million, CNY 4,982.63 million, and CNY 5,420.29 million respectively, with a total of CNY 13,082.94 million over three years[192]. Research and Development - R&D expenses increased by 13.53 million yuan year-on-year due to higher investment in new materials and products[8]. - The company plans to enhance R&D investment in liquid metal and magnesium-aluminum alloys, accelerate new product development, and strengthen marketing efforts in 2021[13]. - The company plans to continue its focus on research and development of new technologies and products to enhance market competitiveness[36]. - The company achieved a 266.10% increase in capitalized R&D expenditures, reflecting a significant investment in innovation[66]. - The company reported a 23.65% increase in R&D expenses, totaling RMB 70.73 million, reflecting a commitment to innovation[126]. - The company is focused on continuous R&D and innovation, establishing multiple research centers and partnerships with renowned institutions[78]. Market Position and Competition - The company faces intensified market competition in the automotive and consumer electronics sectors, necessitating continuous innovation and market expansion[15]. - The company has entered the supply chains of renowned clients such as Tesla, CATL, and Geely, reflecting its strong market position and recognition[59]. - The company has established partnerships with major clients including Tesla, Xiaomi, Huawei, and Sony, enhancing its market position[95]. - The company is exploring opportunities for market expansion and potential mergers and acquisitions to drive growth[36]. - The company is focusing on the development of liquid metal, biodegradable magnesium alloys, and products for the new energy vehicle sector[46]. Production and Operations - The ongoing global pandemic may continue to affect the company's production and sales operations, particularly in overseas markets[23]. - The company is implementing measures to manage accounts receivable effectively to mitigate cash flow risks[18]. - The company is focused on improving internal management and control systems to adapt to its expanding business scale[19]. - The company has established a direct sales model based on customer orders, ensuring a tailored production process[48]. - The company has achieved mass production of liquid metal products for foldable smartphones, supplying major domestic clients[75]. Financial Management - The company anticipates rising costs due to increased R&D and market development efforts, which may impact operating performance[16]. - The company has adjusted its capital reserve to reflect changes in shareholder equity without affecting the total amount[36]. - The company aims to improve its financial performance in the upcoming fiscal year through strategic initiatives and operational efficiencies[36]. - The company has committed to invest a total of RMB 65,000,000 in various projects, with a cumulative investment of RMB 41,988,440 as of the report date, representing 64.6% of the committed amount[146]. - The company has not reported any significant changes in the feasibility of its projects[146]. Product Development and Innovation - The company is actively pursuing CE certification for its biodegradable magnesium internal fixation screws, which is a key development project[50]. - The biodegradable magnesium alloy is gaining traction in orthopedic applications, addressing the growing demand for bone fixation products due to an aging population[57]. - The company has developed the world's first high-purity magnesium bone screws with a purity of 99.99wt.%, which are designed for non-load-bearing bone fixation[78]. - The company has a complete industrial chain for new materials, including R&D, precision mold development, and surface treatment[46]. - The company has developed various patents related to precision die-casting and new material applications, indicating its strong R&D capabilities[71]. Strategic Initiatives - The company plans to enhance its marketing management system and optimize market layout to develop new markets and customers, aiming to increase market share[166]. - The company aims to establish a comprehensive industry chain for biodegradable magnesium alloy medical devices, promoting technology application and development[164]. - The company will strengthen investor relations management to foster a stable and harmonious relationship with investors[169]. - The company is committed to maintaining a high level of quality control throughout the production process to enhance efficiency and reduce costs[168]. - The company will leverage its 20 years of experience in precision die-casting to enhance competitiveness in the new energy vehicle parts sector[163]. Social Responsibility - The company actively engaged in social responsibility during the pandemic, donating a total of approximately RMB 118,000 in protective supplies to local governments and hospitals[86]. - The company has committed to avoiding any substantial or potential competition during the tenure of its directors and senior management, with a share transfer limit of 25% per year during their service[183]. Corporate Governance - The company has established measures to ensure that its executives do not engage in activities that could harm the company's interests or involve misuse of company assets[189]. - The company has committed to maintaining the independence of its management team, ensuring that key executives do not hold positions in other companies controlled by its major shareholders[189]. - The company has outlined a strategy to avoid and minimize related party transactions, committing to transparency and fairness in its dealings[187]. - The company guarantees the independence and integrity of its assets, ensuring that all assets are under its control and not misappropriated by related parties[189].