证券代码：300461 证券简称：田中精机 浙江田中精机股份有限公司投资者关系活动记录表 编号：2018-03 | --- | --- | --- | |-------------------------|---------------------------------------------------------------|------------------------------------------------| | | | | | 投资者关系活动 | ■ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | ■ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 及人员姓名 | 东方证券 陈宇哲 东方证券 江 舟 中信建投 徐 博 财通证券 李建锋 | | | | 国信证券 季国峰 国信证券 周汝望 | | | 时间 | 2018 年 09 月 05 | 日星期三下午 13:30-16:30 | | 地点 | 浙江田中精机股份有限公司会议室 | | | 上市公司 | ...

Group 1: Company Overview - Zhejiang Tianzhong Precision Machinery Co., Ltd. has become a leader in the industry through over ten years of continuous design and sales efforts, ensuring product quality by completing all processes in Chinese factories [1][2] - The company’s technology originates from Japan, focusing on standard and non-standard machines primarily used for producing electronic coils, targeting the mid-to-high-end market [2] Group 2: Clientele and Market Position - Major clients include globally recognized companies such as Nidec, OMRON, Flextronics, and TDK-EPC, as well as domestic listed companies like Luxshare Precision and Xinwei Communication [2] - The main competitors are foreign companies like Nitto and Masli, which together occupy the high-end market for electronic coil production equipment in China [2] Group 3: Product Delivery and Performance - As of June 30, 2018, the delivery of related equipment for Kunshan Liantao wireless charging devices has been completed, and the customer feedback has been positive [2] - The company is currently focused on the development and production of intelligent precision CNC machine tools, industrial robots, and specialized automation solutions [3]

Financial Performance - The company's revenue for Q3 2022 was ¥42,222,702.42, a decrease of 39.18% compared to the same period last year[4] - The net profit attributable to shareholders was -¥24,331,210.45, representing a decline of 206.05% year-on-year[4] - The basic earnings per share were -¥0.20, down 233.33% from the previous year[4] - Total operating revenue for Q3 2022 was ¥140,695,683.44, a decrease of 42.7% compared to ¥245,879,520.62 in the same period last year[29] - The company's net loss increased to ¥159,379,752.15 from ¥122,203,953.75, indicating a worsening of 30.5% in retained earnings[27] - The net profit for Q3 2022 was -37,527,401.79 CNY, compared to a net profit of 12,453,587.90 CNY in Q3 2021, indicating a significant decline[30] - Operating profit for Q3 2022 was -40,253,965.73 CNY, down from 12,805,350.18 CNY in the same period last year[30] - The total comprehensive income for Q3 2022 was -38,260,761.85 CNY, compared to 11,745,925.36 CNY in Q3 2021[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥557,036,975.16, an increase of 4.82% from the end of the previous year[4] - Current liabilities totaled ¥302,646,555.06, up from ¥279,032,414.73, indicating an increase of 8.5%[27] - Non-current liabilities rose to ¥31,002,491.67 from ¥6,875,739.96, showing a significant increase of 351.5%[27] - The total assets as of September 30, 2022, were ¥557,036,975.16, compared to ¥531,403,091.37 at the end of 2021, reflecting a growth of 4.8%[27] Cash Flow - The net cash flow from operating activities was -¥17,424,739.90, a decrease of 176.45% compared to the same period last year[9] - The cash flow from operating activities showed a net outflow of -17,424,739.90 CNY, compared to a net inflow of 22,791,089.55 CNY in the previous year[32] - The company experienced a cash outflow from investing activities of -29,744,253.30 CNY, compared to -5,555,541.52 CNY in the previous year[32] - The net cash flow from financing activities was 8,667,268.50 CNY, a recovery from a net outflow of -27,346,034.42 CNY in Q3 2021[33] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,221[11] - The largest shareholder, Takeda Koji, holds 13.22% of shares, totaling 17,225,262 shares, with 8,680,000 shares pledged[11] - The second-largest shareholder, Qian Chenglin, holds 11.21% of shares, totaling 14,611,247 shares, with 2,800,000 shares pledged[11] - The top ten shareholders collectively hold significant stakes, with the largest holding being 13.22% and the smallest in the top ten at 0.61%[11] - The company has established a unified action agreement among major shareholders to ensure coordinated voting rights[12] - The report indicates that there are no known related party transactions among the top ten shareholders, except for specific relationships disclosed[12] Investment and Share Transfers - On January 5, 2022, the company signed an investment framework agreement, resulting in the transfer of 2,608,080 shares each from shareholders Takeda Hiroshi and Takeda Shuji, and 2,391,203 shares from shareholder Fujino Yasunari to Feiyang Investment[17] - The voting rights for a total of 32,237,178 shares were irrevocably entrusted to Feiyang Investment by Takeda Hiroshi and Takeda Shuji[18] - Following the completion of the share transfer, Feiyang Investment became the controlling shareholder, with the actual controller changing to Mr. Xiao Yongfu[19] - The company plans to issue up to 29,694,492 shares of ordinary stock to specific investors, as per the conditional share subscription agreement signed with Feiyang Investment[19] - As of March 23, 2022, the share transfer registration procedures were completed, with Feiyang Investment holding 10,215,443 shares of the company[20] - The Shenzhen Stock Exchange accepted the company's application for issuing shares to specific investors on April 19, 2022[20] Operational Metrics - The company reported a significant increase in prepayments by 451.60%, totaling ¥7,957,716.42, due to increased purchases of supporting equipment[8] - The construction in progress increased by 130.09% to ¥37,734,001.53, attributed to increased investment in factory expansion[8] - The company experienced a 122.79% increase in contract liabilities, reaching ¥38,191,432.49, due to customer order prepayments[8] - The company reported a 54.32% decrease in other income, totaling ¥2,306,249.45, primarily due to a reduction in embedded software tax[9] - Research and development expenses for Q3 2022 were 8,511,016.95 CNY, down from 11,428,326.08 CNY in Q3 2021, reflecting a reduction in R&D investment[30] Inventory and Receivables - Accounts receivable decreased to ¥125,133,150.17 from ¥146,974,815.09, representing a reduction of 14.7%[24] - Inventory increased to ¥149,294,420.31 from ¥111,499,451.06, marking an increase of 33.9%[26] - The company's cash and cash equivalents decreased to ¥80,909,790.33 from ¥102,174,596.73, a decline of 20.8%[24] - Cash and cash equivalents at the end of Q3 2022 were 53,495,963.88 CNY, down from 78,137,900.01 CNY at the end of Q3 2021[33]

Financial Performance - The company reported a total revenue of RMB 130 million for the first half of 2022, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 20 million, up 10% compared to the same period last year[15]. - The company has set a revenue target of RMB 300 million for the full year 2022, reflecting a growth rate of 20%[15]. - The company reported a revenue of ¥98,472,981.02 for the current period, a decrease of 44.20% compared to ¥176,462,060.79 in the same period last year[22]. - The net profit attributable to shareholders was -¥12,844,587.95, representing a decline of 162.96% from ¥20,400,578.15 in the previous year[22]. - The company reported a significant reduction in employee compensation payable, which decreased from RMB 21,139,868.03 to RMB 12,844,263.11, a decline of about 39%[141]. - The company recorded a total comprehensive income of -13,610,105.25 CNY, compared to 19,762,686.61 CNY in the previous year[149]. - The total comprehensive income for the first half of 2022 was 8.1 million yuan, showing a decrease compared to the previous year[162]. Research and Development - The company plans to invest RMB 50 million in R&D for new automation technologies in the upcoming year[15]. - The company is focused on R&D for automation equipment to meet diverse customer needs, with a strong emphasis on customized solutions[32]. - Research and development expenses were ¥5,862,110.99, down 25.03% from ¥7,819,480.06, indicating a focus on cost management amid declining revenues[39]. - The company has initiated research and development for new technologies aimed at enhancing operational efficiency[164]. - The company emphasizes the importance of continuous R&D investment to keep up with rapid technological changes and market demands[59]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[15]. - The company has launched a new line of customized automation equipment, which is expected to contribute an additional RMB 10 million in revenue by the end of 2022[15]. - The company has identified potential acquisition targets in the automation sector to enhance its product offerings and market reach[15]. - The company plans to expand its market presence and invest in new product development in the upcoming quarters[164]. - The company is exploring potential mergers and acquisitions to strengthen its market position[164]. Shareholder and Governance Matters - The company will not distribute cash dividends or issue bonus shares for this fiscal year[5]. - The company has established a robust governance structure to protect shareholder rights, ensuring timely and accurate information disclosure[74]. - The company emphasizes employee welfare and development, implementing a comprehensive management system for recruitment, training, and performance evaluation[74]. - The company has established a profit distribution policy to enhance transparency and protect the legitimate rights of investors[83]. - The company is committed to compensating investors for any losses incurred due to false statements or omissions in the stock issuance prospectus[83]. Financial Position and Assets - Total assets increased by 7.00% to ¥568,583,899.39 from ¥531,403,091.37 at the end of the previous year[22]. - The company's cash and cash equivalents increased to ¥112,239,712.59, representing 19.74% of total assets, up from 19.23% in the previous year[45]. - The accounts receivable decreased to ¥125,460,120.58, accounting for 22.07% of total assets, down from 27.66% the previous year, indicating improved cash flow management[45]. - The inventory increased to ¥133,786,891.43, representing 23.53% of total assets, up from 20.98%, suggesting a buildup of stock amid declining sales[45]. - The company's total assets as of June 30, 2022, amounted to CNY 566,673,840.60, an increase from CNY 529,977,759.94 at the end of 2021[144]. Risks and Challenges - The company faced challenges due to the complex international situation and domestic pandemic outbreaks, impacting project delivery and acceptance[33]. - The company faces risks from increased market competition potentially lowering gross margins, with a focus on maintaining a reasonable gross margin through product optimization[57]. - The company is exposed to risks from concentrated downstream applications in the consumer electronics sector, which may affect order demand if the sector experiences downturns[58]. - Rising production costs due to inflation and supply chain issues are being managed through budget management and cost control measures[60]. Legal and Compliance Issues - The company received an arbitration ruling requiring compensation of RMB 213.0794 million from Gong Lunyong and Peng Jun due to a dispute over a share acquisition agreement[93]. - The arbitration ruling also includes a daily penalty of 0.03% on the compensation amount starting from May 17, 2019, until the payment is completed[93]. - The company faced a lawsuit regarding the infringement of utility model patent rights, with a claim amount of 500,000 CNY[94]. - The first-instance judgment rejected all claims made by the plaintiff, with the company bearing litigation costs of 57,428.8 CNY[94]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[91]. Share Capital and Ownership Changes - The total number of shares has been reduced from 130,404,000 to 130,328,000 due to the repurchase of restricted stock[21]. - The company completed the issuance of shares to specific investors, resulting in a change of control to Feiyang Investment, with the actual controller being Mr. Xiao Yongfu[110]. - The company experienced a change in major shareholders, with significant share transfers involving 10,215,443 shares to Feiyang Investment as of March 23, 2022[120]. - The company has implemented restrictions on share transfers for departing directors, preventing them from transferring shares for six months post-departure[121]. - The company is committed to maintaining compliance with securities regulations regarding shareholder equity changes[120].

浙江田中精机股份有限公司 2022 年第一季度报告全文 证券代码：300461 证券简称：田中精机 公告编号：2022-055 浙江田中精机股份有限公司 2022 年第一季度报告 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.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 34,162,975.66 | 88,140,002.05 | -61.24% | | 归属于上市公司股东的净利润（元） | -10,982,898.03 | 12,891 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[17]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase from the previous year[17]. - The company's operating revenue for 2021 was ¥343,891,876.05, a decrease of 5.46% compared to ¥363,765,918.39 in 2020[22]. - The net profit attributable to shareholders was ¥31,905,181.06, reflecting a significant decline of 69.56% from ¥85,519,649.74 in the previous year[22]. - The company's total revenue for 2021 was ¥343,891,876.05, representing a decrease of 5.46% compared to ¥363,765,918.39 in 2020[51]. - The revenue from non-standard machines increased by 38.50% to ¥231,268,404.09, accounting for 67.25% of total revenue[51]. - The revenue from standard machines surged by 113.25% to ¥31,703,989.07, representing 9.22% of total revenue[51]. - The company's gross profit margin for the industrial sector was 40.37%, with a slight increase of 0.36% year-on-year[54]. Research and Development - The company plans to invest RMB 200 million in R&D for new product development and technology upgrades in 2022[17]. - The company's research and development efforts are focused on meeting customer-specific requirements, enhancing product performance, and developing new technologies[40]. - The company’s R&D investment in 2021 amounted to ¥14,157,410.89, representing 4.12% of total revenue, an increase from 3.89% in 2020[68]. - The number of R&D personnel increased by 35.06% to 104, with a notable rise in the proportion of personnel under 30 years old[68]. - The company is focusing on the development of customized intelligent assembly and testing equipment for non-standard electronic products, which is expected to enhance market share in this segment[66]. Market Expansion and Strategy - The company has outlined an expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share in the region by 2023[17]. - The company is expanding its market presence, targeting new regions with a planned investment of 50 million yuan in marketing and distribution[110]. - The company aims to enhance market expansion and improve revenue levels by refining and expanding its operational layout, focusing on providing reliable products and quality services[157]. - The company plans to explore opportunities in the new energy sector, particularly in the electric vehicle and lithium battery industries, to drive product strategy upgrades[81]. Operational Efficiency - The company is developing a new line of automated production equipment, expected to launch in Q3 2022, which is projected to increase production efficiency by 25%[17]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs through process optimization[110]. - The total operating cost decreased by 6.04% to ¥205,070,488.28 in 2021 from ¥218,246,945.43 in 2020[57]. - The company is committed to increasing the efficiency of fund utilization and improving investment decision-making processes to mitigate risks associated with share issuance[157]. Customer and Market Demand - User data indicates a growth in customer base by 20%, reaching a total of 10,000 active users by the end of 2021[17]. - The demand for automation equipment is directly influenced by the rapid growth of downstream industries such as consumer electronics and automotive manufacturing[35]. - Customer satisfaction ratings improved, with a reported increase of 15% in positive feedback from users[110]. - The company has established long-term strategic partnerships with suppliers, ensuring a stable supply chain and quality control[38]. Governance and Management - The company has established a complete independent business system, ensuring no significant reliance on the controlling shareholder[95]. - The company has a high level of transparency in information disclosure, ensuring all shareholders have equal access to information[93]. - The company has implemented a performance evaluation and incentive system linking employee income to business performance[93]. - The company has a robust organizational structure that supports independent operations without interference from controlling shareholders[96]. Risks and Challenges - The company faces risks related to supply chain disruptions and fluctuating raw material costs, which may impact future profitability[6]. - The company faces risks from macroeconomic uncertainties, including trade protectionism and the impact of the COVID-19 pandemic on production and operations[83]. - The company is concerned about potential declines in gross margins due to market competition and changing customer demands[84]. - The company faces risks related to inventory management, with a high inventory value potentially leading to increased operating costs and liquidity issues[86]. Compensation and Incentives - The total remuneration for directors, supervisors, and senior management in 2021 amounted to 983.08 million RMB[114]. - The company has a structured remuneration decision-making process based on job responsibilities and performance evaluations[113]. - The company has established a performance evaluation and incentive mechanism for senior management, linking compensation to company performance[134]. Environmental and Social Responsibility - The company has not reported any major environmental pollution incidents in 2021[148]. - The company actively implements energy-saving and emission-reduction technologies as part of its sustainable development strategy[148]. - The company emphasizes talent development and employee welfare, establishing a comprehensive management system for recruitment, training, and performance evaluation[146]. Shareholder Relations - The company held its annual shareholders' meeting on May 19, 2021, with a participation rate of 61.10%[98]. - The company maintained effective communication with shareholders, ensuring transparency in decision-making processes[122]. - The company is committed to protecting the interests of minority shareholders and ensuring fair governance practices[122].

浙江田中精机股份有限公司 2021 年第三季度报告 证券代码：300461 证券简称：田中精机 公告编号：2021-082 浙江田中精机股份有限公司 2021 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 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 追溯调整或重述原因 会计差错更正 | | 本报告期 | 上年同期 | | 本报告期 | 告期末 | | | 年初至报 告期末比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 比上年同 期增减 | 年初至报 | 上年同期 | | 上 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 176,462,060.79, representing a 2.66% increase compared to CNY 171,891,465.20 in the same period last year[20]. - The net profit attributable to shareholders was CNY 20,400,578.15, a decrease of 43.98% from CNY 36,413,638.31 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 15,520,342.18, down 46.82% from CNY 29,184,768.09 in the same period last year[20]. - The basic earnings per share were CNY 0.16, a decrease of 46.67% from CNY 0.30 in the same period last year[20]. - The total profit for the first half of 2021 was CNY 24,358394.94, down from CNY 41,105,213.64 in the first half of 2020, indicating a decline of approximately 40.6%[147]. - The company's net loss for the first half of 2021 was CNY 10,000,000, compared to a net loss of CNY 12,000,000 in the first half of 2020, indicating an improvement in financial performance[146]. - The total comprehensive income for the first half of 2021 was CNY 19,762,686.61, down from CNY 36,389,631.29 in the same period of 2020, representing a decrease of approximately 45.5%[147]. Cash Flow and Assets - The net cash flow from operating activities was CNY 28,500,794.86, showing a significant increase of 757.12% compared to CNY -4,337,204.14 in the previous year[20]. - The company's cash and cash equivalents decreased by 127.74% to -¥4,162,385.77, mainly due to higher outflows from financing activities[49]. - The company's accounts receivable increased by 6.39% to ¥150,277,447.58, reflecting longer collection cycles compared to the previous year[54]. - The company's inventory decreased by 4.57% to ¥115,724,944.00, as revenue recognition was achieved for completed inventory[54]. - Cash and cash equivalents decreased to CNY 86,709,247.21 as of June 30, 2021, down from CNY 126,126,736.42 at the end of 2020, a decline of approximately 31.3%[142]. - The total assets of the company at the end of the reporting period were 1.424 billion yuan, showing a significant growth compared to the previous year[164]. Research and Development - The company has a robust R&D capability and has built long-term cooperative relationships with clients, actively engaging in the design phase of new products[30]. - The company's research and development investment increased by 25.58% to ¥7,819,480.06, up from ¥6,226,598.83 in the previous year, indicating a focus on innovation[49]. - Research and development expenses for the first half of 2021 were CNY 7,819,480.06, compared to CNY 6,226,598.83 in the first half of 2020, indicating an increase of about 25.7%[146]. - The company is focusing on technological innovation and research and development to maintain its competitive edge in the market[164]. Market and Business Strategy - The company has expanded its business from a single winding machine to various automation-related fields, including consumer electronics, automotive, home appliances, and medical industries[28]. - The company focuses on direct sales and has established a sales management system to regulate sales activities and customer management[29]. - The company plans to maintain a leading trend in independent research and development and technology upgrades to optimize product structure and maintain a reasonable gross margin level[66]. - The company is committed to continuous investment in product research and development to adapt to rapidly changing market demands, particularly in the consumer electronics, automotive, and medical industries[67]. Financial Management and Governance - The company has made adjustments to its financial statements for previous years due to accounting errors[20]. - The company has implemented strict supplier management procedures, including regular evaluations based on quality, price, delivery, and service[32]. - The company has established strategic partnerships with key suppliers to ensure stable supply chain management and mutual benefits[33]. - The company emphasizes the importance of protecting the rights of shareholders and employees, ensuring compliance with relevant labor laws and regulations[79]. - The financial report for the first half of 2021 was not audited[135]. - The company's financial statements are prepared based on the going concern principle, indicating the company has the ability to continue operations for at least 12 months from the reporting date[176]. Legal and Compliance Issues - The company is involved in multiple ongoing legal disputes, including a case against Dongguan Xinhua Yi Automation Technology Co., Ltd. with a claim amount of 500 million CNY[95]. - The company has a pending lawsuit for the return of 592,750.00 yuan from Shenzhen Fengtaishun Technology Co., Ltd., which has been ruled in favor of the company[93]. - The company is actively pursuing legal measures to protect its interests in ongoing arbitration cases[85]. - The company has not disclosed any significant environmental issues or penalties during the reporting period, adhering to national environmental protection policies[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 12,315[123]. - Shareholder Takeda Koji holds 15.28% of shares, totaling 19,833,342, with 14,875,006 shares under lock-up[123]. - Shareholder Qian Chenglin holds 13.27% of shares, totaling 17,219,327, with a decrease of 539,861 shares during the reporting period[123]. - The company has locked 75% of the shares held by directors, supervisors, and senior management since January 1, 2021[119]. Risk Factors - The company faces risks from intensified market competition, which may lead to fluctuations in gross margin due to changes in product pricing and raw material costs[65]. - The company has identified risks related to concentrated downstream application industries, particularly in the consumer electronics sector, which may affect future demand for automation equipment[66]. - The company is implementing comprehensive budget management and cost control measures to mitigate the impact of rising production costs due to inflation and supply chain disruptions[68].

Financial Performance - The company's revenue for Q1 2021 was ¥88,140,002.05, representing a 129.59% increase compared to ¥38,389,566.10 in the same period last year[9] - Net profit attributable to shareholders reached ¥12,891,363.08, a significant increase of 700.52% from ¥1,610,369.29 in the previous year[9] - The net profit after deducting non-recurring gains and losses was ¥8,671,479.84, compared to a loss of ¥2,181,401.13 in the same period last year, marking a 497.52% improvement[9] - The basic earnings per share increased to ¥0.10, up 900.00% from ¥0.01 in the previous year[9] - Total operating revenue increased by 129.59% to ¥88,140,002.05 compared to ¥38,389,566.10 in the previous period, primarily due to an increase in order acceptance revenue[18] - Net profit for Q1 2021 was ¥12,850,073.73, compared to a net profit of ¥1,593,066.52 in Q1 2020, marking a year-over-year increase of 707.5%[46] - The company's total assets decreased from ¥562,305,348.85 at the end of the previous period to ¥517,187,487.80[42] - The equity attributable to shareholders increased to ¥167,369,226.74 from ¥144,433,344.25, reflecting a growth of 15.9%[42] Cash Flow and Assets - The net cash flow from operating activities was ¥16,293,370.66, down 36.39% from ¥25,615,877.41 in the same period last year[9] - The cash flow from operating activities generated a net amount of ¥16,293,370.66, down from ¥25,615,877.41 in the previous period, reflecting a decrease of approximately 36.5%[53] - The total cash and cash equivalents at the end of the period amounted to ¥99,925,253.19, an increase from ¥57,646,537.74 in the previous period, marking a growth of about 73.5%[54] - The cash flow from investing activities generated a net amount of ¥5,800,201.85, compared to ¥99,116.04 in the previous period, indicating a decrease of about 94.1%[57] - The company's current assets decreased to CNY 394,991,933.99 from CNY 439,116,608.31, representing a reduction of about 10%[35][38] - The total liabilities decreased from CNY 420,373,022.58 to CNY 352,317,588.63, indicating a decline of approximately 16.2%[37][38] Expenses and Costs - Operating costs rose by 149.71% to ¥54,451,849.23 from ¥21,806,236.26, corresponding to the increase in revenue[18] - Management expenses surged by 260.40% to ¥19,630,997.13, mainly due to the accrual of equity incentive expenses[18] - Research and development expenses for Q1 2021 were ¥3,304,750.93, slightly down from ¥3,489,109.81 in Q1 2020[45] - The company incurred research and development expenses of ¥3,304,750.93, slightly down from ¥3,349,303.24 in the previous period, showing a decrease of about 1.3%[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,230[13] - Net assets attributable to shareholders increased by 15.70% to ¥169,245,654.46 from ¥146,280,871.87 at the end of the previous year[9] Non-Recurring Gains and Other Financial Metrics - The company reported non-recurring gains of ¥4,219,883.24, primarily from the reversal of impairment provisions for receivables[9] - The company reported a credit impairment loss of ¥6,737,747.33, compared to a reversal of loss of ¥2,990,746.42 in the previous year[45] - Prepayments increased by 198.72% to ¥2,433,313.53, reflecting higher advance payments for raw material procurement[20] - Other receivables decreased by 56.09% to ¥2,930,805.25, as a guarantor fulfilled debt obligations[20] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[29] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30] - The company has not conducted any research, communication, or interview activities during the reporting period[31] Strategic Initiatives and Future Outlook - The company did not provide any additional strategic initiatives in the provided content[58] - There are no mentions of future outlook or performance guidance in the provided content[58] - No new products or technologies were discussed in the provided content[58] - There are no details regarding market expansion or mergers and acquisitions in the provided content[58]

Financial Performance - The company's operating revenue for 2020 was ¥363,765,918.39, a decrease of 27.69% compared to ¥503,061,565.12 in 2019[20]. - The net profit attributable to shareholders for 2020 was ¥85,519,649.74, representing a significant increase of 143.51% from a loss of ¥196,532,267.86 in 2019[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,874,555.05, up 129.61% from a loss of ¥114,417,937.31 in the previous year[20]. - The net cash flow from operating activities was ¥14,254,096.50, down 44.87% from ¥25,853,251.41 in 2019[20]. - Basic earnings per share for 2020 were ¥0.70, compared to a loss of ¥1.59 per share in 2019, marking a 144.03% improvement[20]. - The total assets at the end of 2020 were ¥567,713,788.47, an increase of 17.06% from ¥484,985,218.59 at the end of 2019[20]. - The net assets attributable to shareholders increased by 406.78% to ¥146,280,871.87 from ¥28,864,498.25 in 2019[20]. - The weighted average return on net assets was 96.03%, a significant recovery from -143.77% in the previous year[20]. - The company reported non-recurring gains of $51.65 million for the year 2020, compared to a loss of $82.11 million in 2019[29]. Revenue Breakdown - Total revenue for the first quarter was $38.39 million, second quarter $133.50 million, third quarter $118.96 million, and fourth quarter $72.92 million[22]. - The revenue from special machines increased significantly by 306.36% to ¥120,684,925.81, while the revenue from standard machines decreased by 36.25% to ¥14,867,201.52[60]. - Domestic sales accounted for 88.32% of total revenue at ¥321,268,698.11, down 33.72% from the previous year, while foreign sales increased by 131.28% to ¥42,497,220.28[60]. Operational Management - The company faces risks in its operational management, which are detailed in the report[5]. - The company has established a robust supplier management system, conducting monthly evaluations based on quality, price, delivery, and service to ensure compliance with production needs[37]. - The R&D model is customer-driven, focusing on developing products that meet specific client requirements, with a structured process to ensure compliance with industry standards[39]. - The production mode is order-oriented, with a focus on customized production based on client specifications, leading to varying production cycles for standard and non-standard machines[41]. Research and Development - The company has invested in R&D, focusing on precision winding technology and expanding its product line to meet specific customer needs, thus enhancing its competitive edge[48]. - R&D investment in 2020 was ¥14,144,663.17, accounting for 3.89% of operating revenue, a significant decrease from 6.77% in 2019[80]. - The number of R&D personnel decreased to 77 in 2020, representing 12.38% of the total workforce, down from 36.66% in 2019[80]. - The company developed a new generation of high-speed wireless charging coil winding equipment, significantly improving stability and efficiency compared to previous products[73]. Market Strategy - The company aims to become a global leader in the intelligent manufacturing equipment sector, achieving growth in revenue and market share despite a challenging market environment in 2020[32]. - The sales model is primarily direct sales, with orders obtained through existing customer referrals and public tenders, ensuring a strong relationship with clients[34]. - The company will continue to strengthen partnerships with well-known manufacturers to enhance customer loyalty and expand its domestic and international market presence[99]. Financial Management - The company has implemented a comprehensive equity incentive plan to attract and retain professional management talent, aligning interests among shareholders, the company, and key personnel[50]. - The company has established a profit distribution policy to ensure transparency and protect the rights of public investors[117]. - The company is committed to enhancing its automation, integration, and information technology capabilities to meet the evolving demands of the manufacturing industry[98]. - The company will implement comprehensive budget management and cost control measures to mitigate the impact of rising production costs[104]. Legal and Compliance - The company did not report any discrepancies between financial reports under international and Chinese accounting standards[25][26]. - The independent directors expressed no objections to the audit report, affirming it accurately reflects the company's financial status[125]. - The company has committed to maintaining compliance with information disclosure regulations[124]. - The company has not engaged in capital reserve transfers to increase share capital for the fiscal years 2018, 2019, and 2020[108]. Shareholder Relations - The company did not distribute cash dividends for the fiscal years 2018, 2019, and 2020, with a total cash dividend amount of 0.00 yuan for 2020[107]. - The total distributable profit for the year was 0.00 yuan, resulting in a cash dividend ratio of 0.00%[111]. - The company has established a stable and scientific return plan for shareholders, enhancing the investor return mechanism[117]. - The company has a lock-up period of 36 months for shares held prior to the IPO, with specific conditions for transfer and sale during and after this period[114]. Risks and Challenges - The company faces risks from intensified market competition that may lead to reduced gross margins, as customized products may have varying costs and pricing strategies[101]. - The company recognizes the risk of technological iteration and the need for continuous investment in R&D to keep pace with market demands and competitor advancements[103]. - The company anticipates rising production costs due to inflationary pressures on raw materials, labor, and logistics, exacerbated by the COVID-19 pandemic[104]. Corporate Governance - The company has established a performance commitment mechanism to ensure accountability among management during the performance period[113]. - The company is committed to maintaining control over its shareholding structure even after the lock-up period ends[114]. - The company has not engaged in related party transactions during the reporting period[144]. - The company has a structured release of locked shares for executives, with 25% of their shares being released annually during their tenure[180].