杭州中泰深冷技术股份有限公司投资者关系活动记录表 编号：2021-005 | --- | --- | --- | --- | --- | |-----------------------|---------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|----------------------------------| | 投资者关系活动 \n类别 | □新闻发布会 □路演活动 \n□现场参观 □其他 | ■特定对象调研 □分析师会议 | | □ ...

杭州中泰深冷技术股份有限公司 2022 年第三季度报告 证券代码：300435 证券简称：中泰股份 公告编号：2022-044 杭州中泰深冷技术股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.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 杭州中泰深冷技术股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 784,764,872.70 | 54.6 ...

Financial Performance - The company's operating revenue for the reporting period was ¥1,605,081,289.27, representing a 41.26% increase compared to ¥1,136,225,905.80 in the same period last year[25]. - The net profit attributable to shareholders was ¥138,578,078.87, up 10.81% from ¥125,061,871.84 year-on-year[25]. - The net cash flow from operating activities increased by 50.11% to ¥174,401,985.09, compared to ¥116,180,512.11 in the previous year[25]. - Total assets at the end of the reporting period reached ¥4,553,636,647.98, a 16.27% increase from ¥3,916,414,035.93 at the end of the previous year[25]. - The company's operating revenue for the first half of 2022 reached ¥1,605,081,289.27, representing a 41.26% increase compared to ¥1,136,225,905.80 in the same period last year, driven by steady growth in deep cooling equipment sales and natural gas operations[42]. - The company's research and development investment increased by 83.27% to ¥26,325,831.22, primarily due to increased equity incentive expenses and R&D investments from two subsidiaries[42]. - The total cash and cash equivalents increased by 486.11% to ¥636,802,888.14, attributed to growth in operating business and increased short-term financing[42]. - The total operating revenue for the first half of 2022 reached CNY 1,605,081,289.27, a 41.3% increase from CNY 1,136,225,905.80 in the same period of 2021[145]. - Net profit for the first half of 2022 was CNY 138,217,388.92, representing a 10.1% increase compared to CNY 124,717,780.13 in the first half of 2021[146]. - The total comprehensive income for the first half of 2022 was 1.31 billion yuan, showing an increase of 14.4% compared to the previous year[160]. Assets and Liabilities - Total assets at the end of the reporting period amounted to 3.00 billion yuan, with a year-on-year increase of 6.72%[162]. - The company's total liabilities increased to CNY 1,706,426,233.90, up from CNY 1,094,953,643.48, marking a rise of 55.8%[146]. - The total cash inflow from operating activities for the parent company was CNY 489,038,610.29, up from CNY 278,692,119.00 in the first half of 2021, reflecting a growth of about 75.5%[156]. - The total number of shares before the recent changes was 378,190,300, with 4,454,486 shares being added, resulting in a new total of 382,644,786 shares[114]. - The total liabilities increased to CNY 1,905,660,871.99 from CNY 1,391,245,818.01, marking a growth of about 37.0%[138]. - The company's equity attributable to shareholders rose to CNY 2,644,710,706.85 from CNY 2,521,639,101.04, reflecting an increase of about 4.9%[138]. Research and Development - The company plans to enhance its research and development efforts to improve product quality and service, aiming to increase market share amidst rising competition[10]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[160]. - The company reported a significant increase in R&D expenses, reflecting its commitment to innovation and product development[164]. Market Strategy and Risks - The company aims to mitigate risks from rising raw material costs by adjusting contract prices and improving procurement cost management[7]. - The company has identified risks related to the potential cancellation or delay of orders due to unfavorable industry conditions[9]. - The company faces risks from macroeconomic fluctuations that could lead to decreased industrial demand, impacting investment willingness in upstream industries[67]. - The company has identified a risk of rising costs due to rapid increases in the prices of bulk materials, particularly steel and aluminum, which could pressure profit margins[68]. - The company has a strategy to mitigate risks associated with oil price volatility by adjusting its business layout and optimizing operational models[70]. Shareholder Information - The company will not distribute cash dividends or issue bonus shares for the reporting period[11]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[62][61][61]. - The company has not sold any significant assets during the reporting period[62]. - The company held its annual general meeting on May 10, 2022, with an investor participation rate of 38.20%[78]. - The company has a total of 34,547 shareholders at the end of the reporting period[120]. Operational Highlights - The company has established a dual-engine business model of "equipment manufacturing + investment operation" after acquiring Shandong Zhongyi Gas in 2019 and starting its first air separation unit in 2021[33]. - The company has successfully accumulated a wealth of technical reserves and customer resources, establishing a strong market reputation in the cryogenic technology sector[34]. - The company is a leading enterprise in the coal chemical industry for the separation of syngas hydrogen and carbon monoxide, with multiple orders for such projects already secured[35]. - The company has developed a low-temperature plate fin heat exchanger recognized by the Chinese Academy of Sciences, which can meet future national strategic high-tech needs[34]. - The company has exported its plate fin heat exchangers to over 40 countries and regions, gaining recognition from numerous overseas clients[34]. - The company is positioned to take advantage of the hydrogen energy market with its technology for large-scale hydrogen production[35]. Financial Governance - The financial statements were approved for external release on August 8, 2022, indicating a structured governance process[174]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring transparency and accuracy in financial reporting[179]. - There are no significant doubts regarding the company's ability to continue as a going concern for the next 12 months[177].

Financial Performance - The company's revenue for Q1 2022 was CNY 886,619,524.99, representing a 39.02% increase compared to CNY 637,750,003.38 in the same period last year[2]. - Net profit attributable to shareholders was CNY 62,393,577.59, up 7.50% from CNY 58,041,175.87 year-on-year[2]. - Operating profit reached CNY 80,315,477.41, up from CNY 76,147,144.16 in the same period last year, reflecting a growth of 2.9%[19]. - The net profit for Q1 2022 was CNY 62,323,021.99, an increase of 9.5% compared to CNY 57,888,331.06 in Q1 2021[19]. - The company reported a total comprehensive income of CNY 62,293,424.19 for Q1 2022, compared to CNY 57,894,660.69 in Q1 2021, marking an increase of 7.3%[20]. - Basic and diluted earnings per share were both CNY 0.16, up from CNY 0.15 in the same quarter last year[20]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 22,854,446.54, a 288.38% increase from a negative CNY 12,132,199.59 in the previous year[2]. - Cash and cash equivalents at the end of Q1 2022 were CNY 961,019,258.50, an increase from CNY 699,202,543.15 at the end of Q1 2021[23]. - The cash flow from investing activities showed a net outflow of CNY -1,134,989.43, an improvement from CNY -50,173,765.37 in the previous year[23]. - The company raised CNY 250,000,000.00 through borrowings in Q1 2022, compared to CNY 112,284,029.50 in Q1 2021, reflecting a growth of 122.5%[23]. Assets and Liabilities - The company's total assets increased by 3.89% to CNY 4,068,916,817.12 from CNY 3,916,414,035.93 at the end of the previous year[2]. - Total liabilities increased to ¥1,474,546,837.69 from ¥1,391,245,818.01, representing a 6% rise[16]. - The company's equity attributable to shareholders reached ¥2,590,904,472.49, up from ¥2,521,639,101.04, showing a 3% increase[17]. - Short-term borrowings increased significantly to ¥285,000,000.00 from ¥165,184,937.50, a rise of 73%[16]. Revenue and Costs - Total operating revenue for Q1 2022 reached ¥886,619,524.99, an increase of 39% compared to ¥637,750,003.38 in the same period last year[18]. - Total operating costs for Q1 2022 were ¥809,830,067.53, up from ¥560,478,022.73, reflecting a 44% increase year-over-year[18]. - Operating costs rose by 46.53% year-on-year, attributed to increased sales volume and procurement prices in the natural gas sector[6]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,132, with the largest shareholder holding 32.11% of the shares[8]. Research and Development - Research and development expenses increased to ¥10,439,377.87, compared to ¥5,557,237.51 in the previous year, marking an 88% rise[18]. Market Strategy - The company plans to continue expanding its market presence and invest in new technologies and products to drive future growth[18].

Financial Performance - The company's operating revenue for 2021 was CNY 2,406,997,413.64, representing a 21.72% increase compared to CNY 1,977,500,164.78 in 2020[29]. - The net profit attributable to shareholders for 2021 was CNY 245,352,782.01, a 25.11% increase from CNY 196,109,088.73 in 2020[29]. - The net profit after deducting non-recurring gains and losses was CNY 225,577,813.46, up 33.42% from CNY 169,078,815.99 in 2020[29]. - The total assets at the end of 2021 were CNY 3,916,414,035.93, a 13.66% increase from CNY 3,445,701,074.39 at the end of 2020[29]. - The basic earnings per share for 2021 was CNY 0.65, reflecting a 25.00% increase from CNY 0.52 in 2020[29]. - The weighted average return on equity for 2021 was 10.21%, up from 8.92% in 2020[29]. - The net cash flow from operating activities for 2021 was CNY 314,956,857.58, a decrease of 24.91% compared to CNY 419,450,920.99 in 2020[29]. - The company achieved a revenue of CNY 2.407 billion in 2021, representing a year-on-year growth of 21.72%[47]. - The net profit attributable to the parent company was CNY 245 million, an increase of 25.11% compared to the previous year[47]. Order Backlog and Market Position - The company reported a total order backlog of 1.64 billion yuan as of March 31, 2022, primarily concentrated in the natural gas, coal chemical, and petrochemical industries[11]. - The company experienced rapid growth in orders within the energy and chemical industry due to increased downstream demand and carbon neutrality policies, leading to new investment opportunities[39]. - The natural gas sector is expected to grow steadily as coal-fired boilers are replaced with cleaner natural gas alternatives, supported by carbon neutrality initiatives[39]. - The company has established a dual-engine business model of "manufacturing + operation" after entering the natural gas operation field, enhancing its market position[40]. - The company is a leading supplier in the coal chemical sector, with multiple orders for carbon monoxide and hydrogen separation, positioning itself advantageously for future hydrogen market utilization[43]. Research and Development - The company intends to strengthen its research and development efforts to improve product technology and quality in response to increasing competition in the cryogenic technology market[15]. - Research and development expenses increased by 110.34% to ¥40,382,699.46, primarily due to the allocation of equity incentive expenses for R&D personnel[63]. - The number of R&D personnel increased by 6.49% to 82, with R&D personnel accounting for 19.57% of the total workforce[64]. - The R&D investment for 2021 was ¥40,382,699.46, which is 1.68% of total operating revenue, up from 0.97% in 2020[64]. - The company intends to enhance its R&D capabilities, particularly in the design and manufacturing of large, high-pressure plate fin heat exchangers, to achieve new breakthroughs in cryogenic technology[84]. Financial Management and Governance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[90]. - The company reported that all shareholders, especially minority shareholders, enjoy equal rights and can participate in major decisions[91]. - The board of directors operates independently and has adhered to legal procedures in electing its members, ensuring responsible governance[92]. - The supervisory board has actively participated in training and has been responsible for overseeing major transactions and financial conditions[92]. - The company has maintained a high level of information disclosure, ensuring that all investors have equal access to company information[92]. Risks and Challenges - The company is facing risks from rising costs of raw materials, including steel and aluminum, due to rapid price increases in bulk commodities[7]. - The company emphasizes the importance of managing procurement costs and adjusting contract prices to mitigate profit pressure from upstream price increases[7]. - The company is focused on managing the risks associated with potential delays or cancellations of orders due to unfavorable industry conditions[11]. - The company will closely monitor market changes and enhance management of its subsidiary, Shandong Zhongyi, to avoid goodwill impairment risks[16]. Cash Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.80 yuan per 10 shares (including tax) based on a total of 378,190,300.00 yuan[16]. - The company distributed a cash dividend of 30,255,224.00 CNY, which represents 100% of the total distributable profit of 141,019,328.47 CNY[119]. - The cash dividend per 10 shares was 0.80 CNY, with no stock bonus or capital increase planned[119]. Asset Management and Investments - The company has established a wholly-owned subsidiary, Zhongtai Deep Cold Investment Operation (Shandong) Co., Ltd., which has been successfully integrated[133]. - The company has no assets under restriction as of the reporting period end[72]. - The company reported a total of CNY 6,197,076.16 in investment income, accounting for 1.99% of total profit, primarily from the disposal of a U.S. subsidiary[67]. - The company has not disposed of any significant assets or equity during the reporting period, indicating stability in its asset management[80][81]. Environmental and Social Responsibility - The company is committed to contributing to clean energy and energy conservation in response to carbon neutrality policies, aligning its strategic planning accordingly[84]. - There were no major environmental issues or administrative penalties related to environmental problems during the reporting period[138]. - The company has not disclosed any measures taken to reduce carbon emissions, as it is not applicable[138]. Internal Controls and Audit - The company's internal control system is aligned with the "Basic Norms for Enterprise Internal Control" and is under continuous evaluation and improvement[128]. - The company reported no significant deficiencies in financial reporting internal controls as of December 31, 2021, indicating effective internal control systems in all material aspects[131]. - The audit opinion for the financial statements was a standard unqualified opinion, issued on April 15, 2022[191]. - The audit aims to provide reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error[200].

Financial Performance - The company's revenue for Q3 2021 reached ¥507,522,735.12, representing a 34.36% increase compared to the same period last year[3] - Net profit attributable to shareholders decreased by 10.54% to ¥58,899,427.97, while year-to-date net profit increased by 25.88% to ¥183,961,299.81[3] - The basic earnings per share for Q3 2021 was ¥0.16, down 5.88% year-on-year, while year-to-date earnings per share increased by 25.64% to ¥0.49[3] - Total operating revenue for Q3 2021 reached CNY 1,643,748,640.92, an increase of 27.5% compared to CNY 1,289,646,616.12 in the same period last year[19] - Net profit for Q3 2021 was CNY 183,530,282.89, representing a 26.5% increase from CNY 145,089,394.65 in Q3 2020[21] - Earnings per share for Q3 2021 were CNY 0.49, compared to CNY 0.39 in the same quarter last year[22] - The total comprehensive income attributable to the parent company for Q3 2021 was CNY 183,593,619.38, compared to CNY 146,271,788.64 in the same quarter last year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,796,107,218.64, a 10.17% increase from the end of the previous year[3] - The company's total liabilities as of Q3 2021 amounted to CNY 1,342,050,075.98, an increase from CNY 1,149,831,589.58 in Q3 2020[19] - Total equity attributable to shareholders reached CNY 2,451,176,364.80, up from CNY 2,294,418,440.85 year-over-year[19] - The total current liabilities were CNY 1,265,000,000.00, which includes short-term borrowings of CNY 208,300,000.00, up from CNY 165,448,048.94 at the end of 2020[17] - The total cash and cash equivalents at the end of the period amounted to CNY 850,742,056.89, an increase from CNY 567,985,359.42 in the previous period[24] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥205,418,188.76, reflecting a decrease of 5.61%[3] - Operating cash inflow for the current period reached CNY 1,705,583,024.49, an increase of 8.8% compared to CNY 1,566,755,080.57 in the previous period[23] - Net cash flow from operating activities was CNY 205,418,188.76, a decrease of 5.5% from CNY 217,616,271.01 in the previous period[23] - Cash inflow from investment activities totaled CNY 44,697,509.48, down 90.6% from CNY 476,307,061.17 in the previous period[24] - Net cash flow from investment activities was negative at CNY -89,700,802.22, compared to a positive CNY 51,060,751.84 in the previous period[24] - Cash inflow from financing activities was CNY 238,300,000.00, a slight decrease of 7.3% from CNY 258,097,873.76 in the previous period[24] - Net cash flow from financing activities was CNY 3,040,266.05, down 96% from CNY 75,082,574.63 in the previous period[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,268[9] - Zhejiang Zhongtai Steel Group Co., Ltd. held the largest share with 32.11%, amounting to 121,418,709 shares[9] - The company reported a total of 90,093,441 shares outstanding, with 3,363,136 shares subject to lock-up agreements[14] - The company plans to unlock 25% of the shares held by executives annually, which may impact future share availability and market dynamics[14] Research and Development - The company is focusing on expanding its market presence and developing new technologies, although specific figures or timelines were not disclosed in the report[15] - The company has committed to ongoing research and development efforts, although detailed financial allocations for these initiatives were not specified in the report[15] - Research and development expenses for Q3 2021 were CNY 26,218,098.39, a significant increase from CNY 15,615,995.68 in the previous year[19] Government Support - The company received government subsidies amounting to ¥835,399.55 during the reporting period, contributing to its financial performance[5] Audit and Reporting - The company has not undergone an audit for the third quarter report[30] - The report was released by the board of directors on October 22, 2021[31]

Financial Performance - The company's operating revenue for the reporting period was ¥1,136,225,905.80, representing a 24.60% increase compared to ¥911,916,322.46 in the same period last year [22]. - Net profit attributable to shareholders was ¥125,061,871.84, a 55.74% increase from ¥80,302,370.24 year-on-year [22]. - The net cash flow from operating activities reached ¥116,180,512.11, showing a significant increase of 213.42% compared to ¥37,068,910.81 in the previous year [22]. - Basic earnings per share rose to ¥0.33, up 57.14% from ¥0.21 in the same period last year [22]. - Total assets at the end of the reporting period were ¥3,701,422,919.32, an increase of 7.42% from ¥3,445,701,074.39 at the end of the previous year [22]. - The net assets attributable to shareholders increased to ¥2,387,328,186.47, reflecting a 4.05% growth from ¥2,294,418,440.85 at the end of the previous year [22]. - The company's operating costs increased by 28.73% to ¥929,377,358.47, driven by rising raw material prices and increased revenue [62]. - Research and development investment rose by 46.95% to ¥14,364,571.41, reflecting an increase in R&D activities [62]. Business Strategy and Market Position - The company plans to enhance its market competitiveness by improving product and service quality, expanding market share, and increasing overseas sales efforts [4]. - The company will focus on optimizing its business model with a dual-track development strategy of "equipment manufacturing + investment operation" to ensure stable performance and cash flow [6]. - The company is committed to exploring new markets and developing new products and services to seek additional profit growth points [8]. - The company has established a dual-engine business model of "equipment manufacturing + investment operation" following the acquisition of Shandong Zhongyi Gas in November 2019 [29]. - The company aims to enhance its research and development efforts to improve product technology and quality in response to increasing competition in the cryogenic technology market [7]. - The company has identified risks related to macroeconomic fluctuations affecting industrial demand and plans to adjust its business focus accordingly [83]. Risk Management - The company has identified risks related to the volatility of oil prices, which could impact the economic viability of natural gas and coal chemical industries, and plans to adjust its business layout accordingly [5]. - The company will strengthen its receivables management to mitigate risks associated with the inability to recover accounts receivable in a timely manner [7]. - The company will conduct thorough analyses of industry policies and customer credit situations before accepting new orders to control project risks [6]. - The company emphasizes the importance of managing goodwill from its acquisition of Shandong Zhongyi, which could be subject to impairment risks if performance does not meet expectations [8]. Product and Service Offerings - The company focuses on deep cooling technology, providing process development, equipment design, manufacturing, and sales, with key products including plate-fin heat exchangers and complete sets of equipment [29]. - The company primarily engages in natural gas sales and gas connection services, generating revenue from the price difference between upstream procurement and sales to various customer segments, including industrial, residential, and CNG/LNG clients [51]. - The gas connection business involves installing gas facilities for clients, with installation fees charged based on local pricing regulations, particularly for residential users [51]. - The company has successfully achieved domestic import substitution in the coal chemical sector, particularly in the separation of syngas hydrogen and carbon monoxide for ethylene glycol production [55]. - The company has developed a complete set of design and manufacturing capabilities for low-temperature separation and purification processes in the ethylene glycol sector, becoming a leading supplier in this field [58]. Shareholder and Equity Information - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year [8]. - The total number of shares before the recent change was 378,190,300, with a reduction of 3,363,136 shares in restricted shares due to executive lock-up [128]. - The total number of ordinary shareholders at the end of the reporting period is 17,355 [134]. - Zhejiang Zhongtai Steel Industry Group Co., Ltd. holds 32.11% of shares, totaling 121,418,709 shares, with no changes during the reporting period [134]. - The total number of restricted shares at the end of the period is 86,730,305 [132]. Cash Flow and Financial Stability - The operating cash flow from operating activities increased by 213.42% to ¥116,180,512.11, mainly due to an increase in cash received from sales [62]. - The cash and cash equivalents increased to CNY 858,226,263.85, representing 23.77% of total assets, up from 21.69% at the end of the previous year [67]. - The company reported a significant reduction in financial expenses, with a net financial income of -¥8,230,604.90 compared to a financial expense of ¥1,551,919.82 in the previous year [159]. - The ending balance of cash and cash equivalents was CNY 840,866,156.36, up from CNY 382,041,262.82 at the end of the first half of 2020, representing an increase of approximately 120.2% [169]. Compliance and Governance - The company has not engaged in any significant related party transactions during the reporting period [108]. - There were no significant environmental issues or administrative penalties reported during the period [98]. - The financial report for the first half of 2021 was not audited, which may affect the reliability of the financial data presented [148]. - The company adheres to the enterprise accounting standards, ensuring that its financial reports accurately reflect its financial position and operating results [195].

Financial Performance - The company's operating revenue for Q1 2021 was ¥637,750,003.38, representing a 37.60% increase compared to ¥463,474,375.29 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥58,041,175.87, a 72.47% increase from ¥33,652,401.07 in the previous year[8] - The basic earnings per share for Q1 2021 was ¥0.15, up 66.67% from ¥0.09 in the same period last year[8] - The net cash flow from operating activities improved to -¥12,132,199.59, a 57.97% reduction in losses compared to -¥28,864,486.67 in the previous year[8] - The weighted average return on equity for Q1 2021 was 2.49%, up from 1.58% in the same period last year[8] - The total comprehensive income for Q1 2021 was CNY 57,894,660.69, up from CNY 33,330,993.67 in Q1 2020, reflecting a 73.9% increase[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,545,341,936.67, reflecting a 2.89% increase from ¥3,445,701,074.39 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥2,351,536,893.39, a 2.49% rise from ¥2,294,418,440.85 at the end of the previous year[8] - Total current assets increased to CNY 1,875,026,508.97 as of March 31, 2021, up from CNY 1,777,280,935.01 at the end of 2020, representing a growth of approximately 5.5%[29] - Total liabilities increased to CNY 1,192,502,229.64, compared to CNY 1,149,831,589.58 at the end of 2020, marking a rise of about 3.7%[31] - The total liabilities increased to CNY 969,988,060.66 from CNY 860,853,472.35, marking a 12.7% rise[39] Revenue Sources and Contracts - Revenue from deep cooling equipment business increased by 60.35% year-on-year, with net profit growth of 139.86%[20] - The increase in performance was driven by the recovery of domestic economy and a surge in downstream investment due to carbon neutrality policies[20] - The company has ongoing contracts, including a 150 million yuan contract with Erdos City Weide New Energy Co., Ltd. for a gas utilization project[21] - Another significant contract worth 143 million yuan was signed with Xinjiang Hami Hongtong Energy Co., Ltd. for a liquefied natural gas plant[21] Cash Flow - Operating cash inflow for the current period was CNY 624,480,316.52, an increase of 29.3% from CNY 482,762,666.90 in the previous period[45] - Cash flow from investment activities resulted in a net outflow of CNY -50,173,765.37, slightly better than CNY -50,902,681.09 in the previous period[46] - Cash flow from financing activities generated a net inflow of CNY 29,206,013.99, down from CNY 46,832,258.33 in the previous period[47] - The ending cash and cash equivalents balance was CNY 699,202,543.15, compared to CNY 192,166,577.13 at the end of the previous period[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,285[12] - The largest shareholder, Zhejiang Zhongtai Steel Group Co., Ltd., held 32.11% of the shares, amounting to 121,418,709 shares[12] - The total number of restricted shares at the end of the reporting period was 86,730,305 shares[17] Research and Development - Research and development expenses for Q1 2021 were CNY 5,557,237.51, an increase from CNY 4,124,634.82 in the same quarter last year[39] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39] Operational Insights - The company reported a low base effect from Q1 2020 due to production and shipping disruptions caused by the pandemic[20] - The company anticipates continued growth in orders and revenue as the economy recovers and investment in the energy and chemical sectors increases[20] - The company has no significant changes in its core technology team or major risks affecting future operations during the reporting period[22]

Financial Performance - The company's operating revenue for 2020 was ¥1,977,500,164.78, representing a 91.19% increase compared to ¥1,034,330,203.62 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥196,109,088.73, a significant increase of 153.25% from ¥77,435,586.09 in 2019[26]. - The net cash flow from operating activities reached ¥419,450,920.99, marking a 221.15% increase from ¥130,607,715.21 in 2019[26]. - The total assets at the end of 2020 amounted to ¥3,445,701,074.39, which is a 19.53% increase from ¥2,882,691,299.99 at the end of 2019[26]. - The basic earnings per share for 2020 was ¥0.52, up 79.31% from ¥0.29 in 2019[26]. - The company's net profit after deducting non-recurring gains and losses for 2020 was ¥169,078,815.99, a 177.48% increase from ¥60,932,972.87 in 2019[26]. - The company reported a net profit of ¥49,969,754.85 in Q4 2020, with total revenue for the quarter at ¥687,853,548.66[28]. - The total operating revenue for 2020 was CNY 1,977,500,164.78, representing a 91.19% increase from CNY 1,034,330,203.62 in 2019[62]. - The gas operation sector saw a significant revenue increase of 336.11%, reaching CNY 1,515,470,415.35, while the deep cooling technology equipment sector experienced a decline of 32.84% to CNY 455,747,383.25[62]. - The gross profit margin for the deep cooling technology equipment sector was 29.58%, down from the previous year, while the gas operation sector maintained a gross profit margin of 18.11%[65]. Market Strategy and Expansion - The company aims to enhance its market share by leveraging its leading position in niche markets and increasing R&D efforts to improve service quality[13]. - The company will focus on optimizing its business model and expanding into new markets and fields to mitigate risks associated with oil price fluctuations[8]. - The company intends to strengthen its operational planning and marketing strategies to ensure a steady increase in new orders[5]. - The company plans to increase its marketing efforts and invest in new markets, including electronic manufacturing and hydrogen energy, to capture more market share in 2021[101]. - The company aims to expand into the industrial gas operation market in 2021 through self-investment and cooperative development, enhancing its revenue channels[101]. - The company will enhance its R&D capabilities in 2021, focusing on large and high-pressure plate-fin heat exchangers and breakthroughs in cryogenic technology[101]. - The company plans to strengthen its overseas sales efforts in response to the "Belt and Road" initiative, promoting its products and services internationally[102]. Risk Management - The company emphasizes the importance of prudent risk management in project acceptance to control potential project risks and ensure stable cash flow[11]. - The company acknowledges the risk of goodwill impairment related to its acquisition of Shandong Zhongyi, which could impact current profits if performance does not meet expectations[15]. - The company is committed to improving its receivables management to minimize the risk of bad debts and ensure timely collection[12]. Research and Development - The company has multiple ongoing R&D projects aimed at enhancing deep cooling technology applications, with some projects already yielding economic benefits[73]. - The company has a strong focus on research and development, particularly in the field of deep cooling technology, to enhance its competitive edge in the market[182]. - The number of R&D personnel increased to 77, representing 19.44% of the workforce, compared to 8.98% in 2019[74]. Shareholder and Equity Management - The company reported a total of 121,418,709 shares of common stock outstanding[168]. - The total number of shares decreased from 378,251,800 to 378,190,300, a reduction of 61,500 shares[155]. - The proportion of restricted shares decreased from 68.61% to 23.82%, while unrestricted shares increased from 31.39% to 76.18%[155]. - The company has implemented a stock repurchase plan for restricted stocks that do not meet incentive conditions, indicating a focus on maintaining shareholder value[165]. - The company has a commitment to release 25% of the shares held by executives annually[161]. Operational Efficiency - The company employs a "make-to-order" production model, ensuring that production is aligned with sales contracts and customer specifications[38]. - The procurement strategy includes sourcing aluminum, steel, and external components, with a focus on maintaining a stable supply of raw materials through a qualified supplier evaluation mechanism[37]. - The company has established a dual-engine business model of "equipment manufacturing + investment operation" following the acquisition of Shandong Zhongyi Gas in November 2019[35]. Government and Regulatory Compliance - The company did not report any significant discrepancies between financial data under international and Chinese accounting standards[29]. - The company has not undergone any bankruptcy reorganization during the reporting period[118]. - The audit firm, Tianjian Certified Public Accountants, has been engaged for 11 consecutive years, with an audit fee of 1.2 million CNY for the current period[117]. Employee Management - The total number of employees in the company is 1,122, with 396 in the parent company and 726 in major subsidiaries[193][194]. - The professional composition includes 755 production personnel, 30 sales personnel, 134 technical personnel, 27 financial personnel, and 176 administrative personnel[194]. - The company has established a sound compensation system, combining position salary with performance evaluation to motivate employees[195]. - A scientific and effective training system has been implemented to enhance employees' professional knowledge and support R&D and innovation[196].

杭州中泰深冷技术股份有限公司 2020 年第三季度报告全文 杭州中泰深冷技术股份有限公司 2020 年第三季度报告全文 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。 公司负责人章有虎、主管会计工作负责人章有虎及会计机构负责人(会计主 管人员)唐伟声明：保证季度报告中财务报表的真实、准确、完整。 杭州中泰深冷技术股份有限公司 2020 年第三季度报告 2020-077 2020 年 10 月 1 2 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 杭州中泰深冷技术股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,295,564,201.42 | | 2,882,691,299.99 | 14.32% | | 归属于上市公司股东的净 ...