编号：2017-002 | --- | --- | --- | --- | --- | |------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Business Overview - The company has a ten-year strategic plan focusing on "engineering equipment + investment operation" as two major directions [1] - The main business lines include natural gas, synthesis gas, olefins, and air, with a focus on energy and industrial gas sectors [1] - The company has successfully restarted previously paused natural gas liquefaction projects, ensuring solid performance commitments for the year [1] Group 2: Financial Performance - In 2017, the company experienced significant growth, with new contracts doubling compared to previous years [3] - Natural gas business accounts for 50% of new contracts, with an expected growth rate of 40% [3] - The coal chemical synthesis gas sector is also seeing rapid growth, with new contracts increasing significantly in the second half of the year [3] Group 3: Market Position and Competition - The company holds a substantial market share in the petrochemical sector, particularly in low-temperature cold boxes, with a 50-60% share of new projects [3] - In the olefins sector, competition is limited, with only 6-7 active competitors, including major international players [3] - The air products segment has shown improvement, particularly in projects related to the Belt and Road Initiative [3] Group 4: Challenges and Future Outlook - The company faced profit pressure in 2017 due to price reductions from foreign competitors, but expects a recovery in profitability in the coming year [3] - Raw material prices, particularly aluminum, have shown a recent decline, impacting project costs [3] - The company’s core manufacturing capacity is fully operational, with adjustments possible through increased shifts [3]

Group 1: Company Overview - The main business of Hangzhou Zhongtai Deep Cold Technology Co., Ltd. is deep cold equipment and gas operation, with deep cold technology applied at around -100 degrees Celsius [1] - The core equipment, plate-fin heat exchangers, are used in petrochemical, coal chemical, and natural gas applications, with ongoing expansion into fields like electronic gases, helium, and hydrogen energy [1] Group 2: Market Demand and Orders - As of August 2021, the company reported a record high order backlog of 1.79 billion CNY, with 60-70% of orders from natural gas projects, 20-30% from coal chemical and petrochemical sectors, and a smaller portion from electronic manufacturing [2] - The company anticipates that the driving force for downstream industries will come from energy conservation, emission reduction, and capacity upgrades, especially in the petrochemical sector [1] Group 3: Natural Gas Projects - Natural gas contracts are primarily in the form of EPC, with a significant role in addressing transportation and peak shaving issues [2] - The company is transitioning from equipment manufacturing to downstream operations, focusing on LNG as a clean energy source, which is expected to contribute stable revenue and profits [2] Group 4: Hydrogen Energy and Technology - The company is involved in hydrogen production, primarily for energy chemical and electronic manufacturing applications, with a production capacity share of 40-50% [3] - The core technology barrier for plate-fin heat exchangers is critical for the efficiency of deep cold devices, with the company holding a leading position in China [3]

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：2021-004 | --- | --- | --- | |-----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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]