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].

Financial Performance - The company's revenue for Q1 2021 was ¥229,583,471.84, representing a 1.31% increase compared to ¥226,617,769.44 in the same period last year[11]. - The net profit attributable to shareholders decreased significantly by 92.62% to ¥1,153,559.61 from ¥15,623,413.47 year-on-year[11]. - The net cash flow from operating activities dropped by 93.45% to ¥8,285,197.12, down from ¥126,578,634.71 in the previous year[11]. - Basic earnings per share fell by 92.48% to ¥0.0017, compared to ¥0.0339 in the same quarter last year[11]. - The company reported a net profit for Q1 2021 of a loss of CNY 1,127,521.88, compared to a profit of CNY 17,947,011.88 in the same period last year[62]. - The company reported a comprehensive income total of CNY -796,170.16 for Q1 2021, down from CNY 18,844,240.78 in the previous year[63]. - The company experienced a significant increase in financial expenses, rising to CNY 2,389,671.71 from CNY 1,086,448.30[61]. - The total operating revenue for Q1 2021 was CNY 229,583,471.84, an increase from CNY 226,617,769.44 in the previous period[60]. Assets and Liabilities - Total assets increased by 3.22% to ¥2,155,927,720.96 from ¥2,088,808,435.22 at the end of the previous year[11]. - Current assets totaled CNY 1,018,950,110.16, up from CNY 977,144,057.36, indicating an increase of about 4.5%[52]. - Total liabilities rose to CNY 699,693,326.87 from CNY 631,634,260.97, marking an increase of approximately 10.8%[54]. - The company's total equity stood at CNY 1,456,234,394.09, slightly down from CNY 1,457,030,564.25, indicating a decrease of about 0.05%[55]. - The total current liabilities amounted to CNY 478,926,229.73, up from CNY 435,182,453.41, indicating an increase of approximately 10%[54]. Cash Flow - Cash flow from operating activities generated a net amount of CNY 8,285,197.12, down from CNY 126,578,634.71 in the prior year[70]. - The total cash inflow from operating activities was CNY 249,957,973.91, while cash outflow was CNY 241,672,776.79, resulting in a slight positive cash flow[70]. - The cash inflow from investment activities was 13,524,271.73 CNY in Q1 2021, compared to 50,459,510.86 CNY in Q1 2020, representing a decrease of about 73.3%[74]. - The cash outflow for investment activities totaled 139,134,542.14 CNY in Q1 2021, compared to 162,076,793.26 CNY in Q1 2020, marking a reduction of approximately 14.1%[74]. - The company raised CNY 101,204,350.00 through borrowings, an increase from CNY 51,112,400.00 in the prior year[71]. Shareholder Information - The total number of shareholders at the end of the reporting period was 28,772[15]. - The top shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., holds 27.97% of the shares, totaling 193,125,000 shares[15]. Research and Development - The company plans to enhance its liquid metal product offerings through various promotional activities and increase R&D investment to improve customer acceptance[26]. - The company has obtained 25 authorized patents during the reporting period, indicating a focus on innovation and technology development[29]. - Research and development expenses increased to CNY 16,899,248.17 from CNY 13,883,527.78, indicating a focus on innovation[61]. - The company plans to increase R&D investment in high-tech products such as liquid metal and components for new energy vehicles to maintain competitive advantage[33]. Risks and Challenges - The company faces risks from increasing market competition in the new energy vehicle and consumer electronics sectors, necessitating continuous innovation and market expansion[33]. - Rising costs associated with R&D and market development may impact the company's financial performance, prompting a need for improved cost control measures[34]. - The company is addressing the risk of increased accounts receivable due to extended payment terms with clients, which could affect cash flow stability[35]. - Management risks are heightened due to the expansion of business operations, requiring improvements in resource integration and internal controls[37]. - The company is exposed to foreign exchange risks as its products are primarily priced in USD, which could affect profitability due to currency fluctuations[38]. - There is a risk of goodwill impairment from acquisitions if the performance of acquired companies does not meet expectations[39]. - The ongoing global pandemic may impact production and sales, particularly in overseas markets, despite domestic control measures being in place[40]. Fund Management - The total amount of raised funds is CNY 419.8844 million, with CNY 12.9955 million invested in the current quarter[43]. - Cumulative amount of raised funds utilized is CNY 321.6955 million, with a utilization ratio of 89.54% for the non-crystalline alloy precision structural component project[43]. - The company has strictly adhered to regulations regarding the management and use of raised funds, with no violations reported[44]. - The company has not engaged in any illegal external guarantees during the reporting period[46]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[47]. Miscellaneous - The first quarter report for 2021 was not audited, indicating that the financial data may be subject to further review[76]. - The impact of exchange rate changes on cash and cash equivalents was -78,911.17 CNY in Q1 2021, compared to an increase of 1,579,400.86 CNY in Q1 2020[74].

Financial Performance - Operating revenue for the current period was ¥265,383,578.98, representing a decrease of 1.03% year-on-year, and a decline of 13.64% compared to the beginning of the year[10]. - Net profit attributable to shareholders was ¥21,725,913.47, down 8.41% year-on-year, and a significant drop of 43.60% compared to the beginning of the year[10]. - Basic earnings per share were ¥0.0315, down 8.43% year-on-year, and a decrease of 43.63% compared to the beginning of the year[10]. - The company reported a total comprehensive income of CNY 21,500,051.39 for the third quarter, compared to CNY 18,745,736.87 in the same period last year[45]. - The total profit for the third quarter was CNY 26,234,815.08, an increase of 32.3% from CNY 19,804,127.77 year-over-year[44]. - The net profit for the third quarter reached CNY 24,057,048.89, an increase of 38.7% from CNY 17,354,331.19 year-over-year[44]. - The company reported a decrease in employee compensation payable to CNY 15,590,792.56 from CNY 21,016,498.45, a drop of approximately 25.8%[36]. - The company incurred interest expenses of approximately ¥7.39 million, an increase of 22.0% from ¥6.06 million in the same quarter last year[52]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,121,945,780.32, an increase of 4.50% compared to the end of the previous year[10]. - Total liabilities rose to CNY 643,523,293.26, up from CNY 568,259,785.40, indicating an increase of about 13.2%[36]. - The company's equity attributable to shareholders was CNY 1,307,726,330.18, slightly down from CNY 1,315,537,447.14[37]. - The company's total assets as of September 30, 2020, amounted to 1,019,895,189.21 yuan, slightly up from 1,019,412,076.39 yuan at the end of the previous year[34]. - Total liabilities reached CNY 568,259,785.40, with current liabilities at CNY 473,923,186.74 and non-current liabilities at CNY 94,336,598.66[68]. - The total liabilities to equity ratio is approximately 0.39, indicating a relatively low level of debt compared to equity[68]. Cash Flow - The net cash flow from operating activities was ¥42,917,045.30, a decrease of 22.32% compared to the same period last year[10]. - The net cash flow from operating activities for Q3 2020 was CNY 191,089,422.79, a significant increase from CNY 69,412,902.41 in Q3 2019, reflecting a growth of approximately 175%[59]. - Total cash inflow from operating activities amounted to CNY 888,319,192.59, compared to CNY 796,014,691.50 in the previous year, indicating an increase of about 11.6%[59]. - The cash outflow from operating activities decreased to CNY 697,229,769.80 from CNY 726,601,789.09, resulting in improved operational efficiency[59]. - The net cash flow from investing activities was negative at CNY -185,034,261.57, worsening from CNY -88,614,482.68 in the same period last year[60]. - Cash inflow from financing activities totaled CNY 226,152,895.06, up from CNY 159,358,095.29, marking an increase of approximately 42%[60]. - The ending cash and cash equivalents balance increased to CNY 320,974,673.94 from CNY 306,335,440.97, showing a slight growth[60]. Shareholder Information - The total number of shareholders at the end of the reporting period was 32,724[14]. - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., held 27.97% of the shares[14]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[15]. Investments and Expenditures - The company reported non-recurring gains and losses totaling ¥29,027,985.42, primarily from government subsidies related to a high-speed rail project[12]. - Development expenditures grew by 224.65% compared to the end of the previous year, reflecting increased costs associated with projects reaching the development stage[21]. - Research and development expenses for the third quarter were CNY 18,428,156.52, up 21.1% from CNY 15,142,835.77 in the previous year[43]. - The company reported a significant increase in other income to approximately ¥27.93 million, compared to ¥12.61 million in the previous year[52]. Financial Ratios and Returns - The weighted average return on net assets was 1.67%, a decrease of 0.22% compared to the previous year[10]. - The gross profit margin for the third quarter was approximately 15.0%, compared to 24.5% in the same quarter of the previous year[54].

Business Focus and Development - The company focuses on three key development areas: liquid metal, automotive components for new energy vehicles, and biodegradable medical magnesium alloys[10]. - The company plans to increase its R&D investment in high-tech new products, particularly in liquid metal and automotive components, to enhance market competitiveness[9]. - The company is enhancing its internal management and control systems to adapt to the growing scale of operations and mitigate management risks[13]. - The company is actively expanding its research and development in liquid metal technology, focusing on applications in foldable smartphones[76]. - The company is focusing on the development of new materials and technologies, particularly in the fields of new energy vehicles and liquid metal applications, which are expected to drive future growth[45][47]. Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥418.60 million, a decrease of 20.09% compared to the same period last year[31]. - The net profit attributable to shareholders was approximately ¥7.64 million, down 73.05% year-on-year[31]. - The net profit after deducting non-recurring gains and losses was approximately ¥6.18 million, a decrease of 67.77% compared to the previous year[31]. - The basic earnings per share decreased to ¥0.0111, down 72.99% from the previous year[31]. - The net assets attributable to shareholders decreased to approximately ¥1.29 billion, down 2.05% from the previous year[31]. R&D and Innovation - The company has established a complete industrial chain for material research and development, precision mold development, precision die-casting, CNC machining, and surface treatment, ensuring high technical content and added value in its products[38]. - The company has established multiple research institutions, including the "Guangdong Province Lightweight Alloy Engineering Technology Research and Development Center" and "National Postdoctoral Research Station," to enhance its R&D capabilities[64]. - The company has received 24 authorized patents and 1 registered trademark during the reporting period, bringing the total to 166 authorized patents and 40 registered trademarks[60]. - The biodegradable magnesium alloy project is a key development direction for the company, which has established a strong research and innovation team recognized by the Guangdong Province[56]. Market and Competition - The company acknowledges the risk of intensified market competition in the new energy vehicle and consumer electronics sectors, necessitating continuous innovation and product development[8]. - The government has introduced favorable policies to support the development of the new energy vehicle industry, which is expected to enhance market demand and opportunities for the company[46]. - The company has entered the supply chains of well-known clients such as Tesla, CATL, BYD, and Geely, enhancing its market presence in the new energy vehicle sector[61]. Environmental Responsibility - The company has implemented strict pollution control measures, ensuring that all monitored emissions for waste gas, wastewater, noise, and solid waste met the required standards in the first half of 2020[173]. - The company has obtained a national pollution discharge permit on May 7, 2020, indicating compliance with environmental regulations[168]. - The company donated RMB 100,000 to the Hong Kong Red Cross on February 7, 2020, for COVID-19 prevention efforts[178]. - The company has invested RMB 10 million in poverty alleviation projects, helping 20 registered impoverished households achieve employment[179]. Shareholder and Corporate Governance - The company reported a commitment that during their tenure as directors or senior management, they will not transfer more than 25% of their directly or indirectly held shares annually[132]. - The company has a commitment from its controlling shareholder to avoid any business activities that compete with the company's main business or products indefinitely[132]. - The company has established a strategic cooperation with Liquidmetal Technologies for R&D integration[133]. - The company has committed to avoiding and minimizing related party transactions, ensuring fairness and transparency in any unavoidable transactions[133]. Future Outlook and Challenges - The company anticipates a potential increase in operating costs due to the expansion of R&D and market development efforts, which may impact financial performance[10]. - The company plans to delay the expansion of its liquid metal precision structural parts project and the establishment of its R&D center due to land requisition risks, extending the timelines to May 31, 2021, and November 30, 2021, respectively[88]. - The company has not yet achieved expected benefits from the industrialization expansion project of amorphous alloy (liquid metal) precision structural parts, which is still under construction[113].

Future Development Focus - The company plans to focus on three key areas for future development: liquid metal, automotive parts for new energy vehicles, and biodegradable medical magnesium alloys [10]. - The company focuses on new materials such as liquid metal, magnesium alloy, and biodegradable medical magnesium alloy, which are key development directions [34]. - The company is focusing on the development of liquid metal technology, which is expected to enhance production capacity and market share in the liquid metal sector [131]. - The company is focusing on product innovation in the consumer electronics sector, particularly in ultra-thin magnesium-aluminum alloys and liquid metal technologies, to enhance market share in laptop products [70]. - The company is committed to expanding its new materials industry chain, particularly in the context of the growing demand for electric vehicles and advanced manufacturing technologies [60]. Financial Performance - The company's operating revenue for 2019 was ¥1,025,084,238.61, representing a 3.98% increase from ¥985,803,818.37 in 2018 [26]. - The net profit attributable to shareholders for 2019 was ¥103,093,785.19, a significant increase of 90.20% compared to ¥54,202,859.52 in 2018 [26]. - The net cash flow from operating activities reached ¥107,651,950.33, a remarkable increase of 1,064.71% from -¥11,158,963.30 in the previous year [26]. - Basic earnings per share for 2019 were ¥0.224, an increase of 86.82% from ¥0.1199 in 2018 [26]. - The total assets at the end of 2019 amounted to ¥2,030,649,586.97, reflecting a 1.52% increase from ¥2,000,261,697.50 at the end of 2018 [26]. R&D and Innovation - The company will increase R&D investment in high-tech new products, particularly in liquid metal and automotive parts, to enhance market competitiveness [8]. - The company has invested a total of 262.68 million yuan in fundraising projects, including 168.50 million yuan for the precision die-casting production base project and 94.11 million yuan for the liquid metal precision structural parts expansion project [76]. - The company has accumulated a total of 101 authorized patents, including 27 invention patents and 65 utility model patents, highlighting its strong technological innovation capabilities [49]. - The company is committed to increasing R&D investment, particularly in liquid metal, electric vehicles, and biodegradable magnesium products, to drive technological innovation [141]. - The company has established a partnership with Ningde Times and others to invest ¥2 billion in a magnesium alloy materials project [78]. Market and Competition - The company acknowledges the risk of increased competition in the market for automotive parts and consumer electronics, necessitating continuous innovation and product development [8]. - The liquid metal market is expected to grow significantly, driven by the demand for foldable smartphones, with an estimated shipment of 5.2 million units in 2020 [41]. - The company has entered the supply chains of renowned clients such as Tesla, BYD, and LG, enhancing its market presence in the new energy vehicle sector [50]. - The company is actively participating in the 5G market, having developed precision die-casting equipment and advanced technologies for the telecommunications industry, with products like filters and heat dissipation housings entering mass production [72]. - The company is enhancing its collaboration with leading LED display manufacturers to develop high-end structural components, responding to market demand for innovative LED products [73]. Corporate Governance and Management - The company emphasizes the importance of improving internal management and control systems to adapt to its expanding business scale and complexity [13]. - The company is committed to enhancing the management of acquired companies to prevent goodwill impairment risks [15]. - The company has established a governance structure to ensure independent decision-making and financial independence [162]. - The company has committed to avoiding any business competition with its controlling shareholder and its subsidiaries [157]. - The company will strengthen corporate governance and investor relations to enhance transparency and build trust with stakeholders [143]. Profit Distribution - The profit distribution plan includes a cash dividend of 0.8 yuan per 10 shares (tax included) and a capital reserve conversion of 5 shares for every 10 shares held [15]. - The company has a clear profit distribution policy, with a cash dividend of 0.8 yuan per 10 shares and a total cash dividend amounting to 36,822,592 yuan, representing 100% of the profit distribution [150]. - The cash dividend payout ratio for 2019 was 35.72% of the net profit attributable to shareholders, compared to 42.46% in 2018 and 42.15% in 2017 [154]. - The retained earnings for 2018 were RMB 183,060,081.08, indicating a consistent growth in profits available for future distribution [153]. - The company has not proposed any stock dividend distribution for the current reporting period [153]. Risk Management - The company is aware of the risks associated with foreign exchange fluctuations, particularly as its main products are priced in USD, and is developing risk management strategies [14]. - The company is implementing measures to strengthen accounts receivable management to mitigate cash flow risks associated with extended payment terms [12]. - The company faces ongoing cost pressures due to increased R&D and market expansion efforts, which may impact operating performance [10]. - The company has a strong core management team capable of quickly adapting to market trends and formulating corresponding business strategies [56]. - The company has established measures to prevent any related party transactions that could harm its interests or those of minority shareholders [161]. Social Responsibility - The company has actively fulfilled its social responsibilities and maintained transparent communication with investors through various channels [197]. - Yian Technology actively supports local economic development through job creation [199]. - The company is committed to knowledge property rights and technological innovation, ensuring high-quality products through strict quality control measures [198]. - Yian Technology reported that it is classified as a key pollutant discharge unit by environmental protection authorities [200]. - The company has not experienced any major litigation or arbitration matters during the reporting period [177].

东莞宜安科技股份有限公司 2020 年第一季度报告全文 东莞宜安科技股份有限公司 2020 年第一季度报告 证券代码：300328 证券简称：宜安科技 二零二零年四月 1 东莞宜安科技股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人杨洁丹、主管会计工作负责人李文平及会计机构负责人(会计主 管人员)李文平声明：保证季度报告中财务报表的真实、准确、完整。 2 东莞宜安科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 226,617,769.44 | 274,878,932.15 | -17.56% | | 归属于上市公司股东的净利润（元） | 15, ...

Financial Performance - Net profit attributable to shareholders was CNY 23,720,069.16, down 12.86% year-on-year[9] - Operating revenue for the reporting period was CNY 268,140,548.31, representing a decline of 8.13% compared to the same period last year[9] - The basic earnings per share for the reporting period was CNY 0.0515, down 12.86% year-on-year[9] - The net profit after deducting non-recurring gains and losses was CNY 17,328,411.04, down 20.05% year-on-year[9] - Total operating revenue for the current period is $268.14 million, down from $291.86 million in the previous period, representing a decrease of approximately 8.1%[42] - Net profit for the current period is $17.35 million, compared to $21.88 million in the previous period, reflecting a decline of approximately 20.5%[43] - Total profit for the current period is $19.80 million, down from $28.39 million, indicating a decrease of about 30.4%[43] - Net profit for the period was ¥41,424,368.85, representing a slight increase of 2.96% from ¥40,232,562.48 year-over-year[50] - The total profit for the period was ¥40,928,373.53, a decrease of 13.09% compared to ¥47,405,833.65 in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,955,433,635.11, a decrease of 2.24% compared to the end of the previous year[9] - Total assets decreased from CNY 2,000,261,697.50 to CNY 1,955,433,635.11, a decline of approximately 2.6%[33] - Current liabilities decreased from CNY 495,674,651.07 to CNY 408,393,451.83, a reduction of about 17.6%[34] - Non-current liabilities decreased from CNY 142,993,637.59 to CNY 127,428,895.67, a decrease of approximately 10.9%[34] - Total liabilities decreased from CNY 638,668,288.66 to CNY 535,822,347.50, a reduction of about 16.1%[34] - Total equity increased from CNY 1,361,593,408.84 to CNY 1,419,611,287.61, an increase of about 4.3%[35] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 69,412,902.41, an increase of 216.02%[9] - Net cash flow from operating activities increased by 216.02% compared to the same period last year, primarily due to increased sales receipts and tax refunds[22] - The net cash flow from operating activities for Q3 2019 was ¥69,412,902.41, a significant improvement compared to a net outflow of ¥59,830,502.96 in Q3 2018[58] - Total cash inflow from operating activities reached ¥796,014,691.50, up from ¥620,445,051.39 in the previous year, indicating a growth of approximately 28.4%[58] - The net cash flow from investing activities was -¥88,614,482.68, an improvement from -¥433,106,807.05 in the same period last year[59] - Cash inflow from financing activities totaled ¥159,358,095.29, down from ¥670,460,723.95 in Q3 2018, reflecting a decrease of approximately 76.3%[59] - The net cash flow from financing activities was -¥13,386,411.56, compared to a positive net flow of ¥421,970,436.19 in the previous year[59] Shareholder Information - The company reported a total of 29,711 common shareholders at the end of the reporting period[13] - The top shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., held 27.97% of the shares[13] - The company completed the transfer of 33.75 million shares (7.33% of total shares) to Zhuzhou Guotou, making it the largest shareholder with 27.97% of total shares[23] - The company did not conduct any repurchase transactions during the reporting period[14] - The company has not made any adjustments to its profit distribution policy during the reporting period[26] Other Financial Metrics - Financial expenses decreased by 99.97% compared to the same period last year, mainly due to increased exchange gains and reduced interest expenses[20] - Other income decreased by 56.43% compared to the same period last year, mainly due to a reduction in government subsidies received and amortized from previous periods[20] - Research and development expenses increased to $15.14 million from $12.35 million, marking a rise of about 22.6%[42] - Other income for the current period is $10.69 million, significantly higher than $2.89 million in the previous period, an increase of approximately 269.5%[43] - The company reported a financial expense of -$4.49 million, compared to -$3.54 million in the previous period, indicating a worsening of approximately 26.9%[42] - The company experienced an asset disposal loss of -$6.49 million, compared to a loss of -$266,977.63 in the previous period[43] - Comprehensive income for the current period totals $18.75 million, down from $23.52 million, a decrease of approximately 20.5%[44] - Comprehensive income for the period totaled ¥43,031,998.77, slightly up from ¥42,240,860.88 in the previous period[51]

Development Focus - The company plans to focus on three key development areas: liquid metal, automotive parts for new energy vehicles, and biodegradable medical magnesium alloys[10]. - 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 and marketing expenses[10]. - The company focuses on new materials development, particularly in liquid metal, magnesium alloys, and aluminum alloys, targeting sectors like new energy vehicles and consumer electronics[36]. - The company will invest in high-tech new products and accelerate the promotion of liquid metal and new energy vehicle components[8]. - The company has established a complete industrial chain for material research and development, precision mold development, and precision die-casting[36]. Financial Performance - Total revenue for the reporting period reached ¥523,851,924.74, an increase of 30.06% compared to ¥402,777,492.21 in the same period last year[29]. - Net profit attributable to shareholders was ¥28,342,184.39, reflecting an 18.55% increase from ¥23,906,605.83 in the previous year[29]. - Net cash flow from operating activities improved significantly to ¥14,166,682.80, a 132.31% increase from a negative cash flow of ¥48,397,377.34 in the same period last year[29]. - Basic earnings per share rose to ¥0.0616, up 14.29% from ¥0.0539 in the previous year[29]. - The company reported a decline of 7.64% in net profit after deducting non-recurring gains and losses, amounting to ¥19,178,708.75 compared to ¥20,765,887.80 in the previous year[29]. Cash Flow Management - The company will enhance the management and monitoring of accounts receivable to ensure cash flow stability and mitigate cash flow risks[12]. - The company will implement measures to manage and reduce the impact of rising costs on operating performance[10]. - Operating cash flow improved by 132.31% to ¥14,166,682.80, primarily due to increased cash receipts from sales and services[74]. - The company reported a significant reduction in financial expenses by 28.03% to ¥4,491,416.87[74]. Investment and R&D - Research and development expenditures totaled RMB 28.48 million, a 30.99% increase year-over-year, with the company obtaining 12 new patents during the reporting period[71]. - The company invested RMB 22.62 million in fundraising projects, including RMB 16.21 million for the lightweight alloy precision die-casting production base project and RMB 6.41 million for the amorphous alloy (liquid metal) precision structural components expansion project[70]. - The company has established multiple research institutions, enhancing its competitive advantage in new materials[47]. Market Position and Competition - The company faces risks related to increased competition in the market for automotive parts and consumer electronics[8]. - The company has entered the supply chains of well-known clients such as Tesla, BYD, and Geely in the new energy vehicle sector[44]. - The company is actively expanding its market presence in the new energy vehicle sector, supported by favorable government policies and a growing demand for lightweight materials[55]. Corporate Governance and Compliance - The company has committed to maintaining a high level of corporate governance and compliance with relevant laws and regulations[112]. - The company has established measures to ensure that its senior management does not hold positions in other companies that could conflict with its interests[112]. - The company has committed to avoiding any related party transactions that could harm the legitimate rights and interests of its minority shareholders[111]. Environmental Responsibility - The company has implemented strict pollution control measures, ensuring all wastewater and emissions meet national standards[139]. - The company received recognition as an "Environmental Integrity Enterprise" from the Dongguan Ecological Environment Bureau in April 2019[144]. - The company’s subsidiary, Yian Yunhai, achieved ISO 14001 environmental management system certification on May 16, 2019[151]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,842[160]. - Yian Industrial Co., Ltd. holds 29.33% of shares, totaling 135,000,000 shares, all of which are pledged[160]. - The company’s total share capital is 460,282,400 shares, with 50,000,000 shares released from restrictions on March 18, 2019[156]. Risks and Challenges - The company is aware of the risks associated with foreign exchange fluctuations due to its export pricing in USD[14]. - The company has indicated potential risks and has outlined measures to address them, as detailed in the report[102]. - The company has not encountered any significant changes in the feasibility of the investment projects[92].