Financial Performance - The company's revenue for Q1 2023 was ¥106,170,163.28, a decrease of 9.00% compared to ¥116,666,059.25 in the same period last year[5] - Net profit attributable to shareholders was ¥19,555,213.99, down 33.06% from ¥29,215,162.15 year-on-year[5] - Basic and diluted earnings per share were both ¥0.12, a decrease of 33.33% from ¥0.18 in the same period last year[5] - Total operating revenue for Q1 2023 was ¥106,170,163.28, a decrease of 9.3% from ¥116,666,059.25 in the same period last year[19] - Net profit for Q1 2023 was ¥19,555,213.99, down 33.2% from ¥29,215,162.15 in Q1 2022[20] - Earnings per share for Q1 2023 was ¥0.12, compared to ¥0.18 in the same period last year[20] - Other comprehensive income after tax for Q1 2023 was -¥376,165.97, compared to -¥99,288.99 in the same period last year[20] Cash Flow - The net cash flow from operating activities was ¥2,947,482.50, reflecting a significant decline of 90.20% compared to ¥30,074,131.68 in the previous year[5] - Total cash inflow from operating activities was ¥117,386,930.23, down from ¥128,573,345.54 in the previous year, reflecting a decline of 8.2%[23] - Cash outflow from operating activities increased to ¥114,439,447.73, compared to ¥98,499,213.86 in Q1 2022, representing a rise of 16.2%[23] - The net cash flow from investing activities was ¥33,808,455.65, a significant improvement from a negative cash flow of ¥46,968,892.92 in the same period last year[23] - Cash inflow from investing activities totaled ¥169,437,139.13, compared to ¥91,648,214.31 in Q1 2022, marking an increase of 84.7%[23] - Cash outflow from investing activities was ¥135,628,683.48, slightly down from ¥138,617,107.23 in the previous year[23] - The net cash flow from financing activities was ¥4,744,693.86, recovering from a negative cash flow of ¥9,483,343.35 in Q1 2022[24] - The total cash and cash equivalents at the end of the period reached ¥144,247,281.32, up from ¥56,238,412.47 at the end of Q1 2022[24] - The company reported a cash inflow of ¥5,000,000.00 from borrowings in Q1 2023[24] - The cash flow impact from exchange rate changes was a decrease of ¥811,789.35, compared to a decrease of ¥232,963.75 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,512,354,535.15, down 2.21% from ¥1,546,582,000.60 at the end of the previous year[5] - Total liabilities decreased to ¥219,476,229.22 from ¥272,882,742.69 year-over-year, reflecting a reduction of 19.6%[19] - Total equity attributable to shareholders increased to ¥1,292,878,305.93 from ¥1,273,699,257.91, marking a growth of 1.5%[19] - Total assets as of March 31, 2023, amounted to CNY 1,512,354,535.15, a decrease from CNY 1,546,582,000.60 at the beginning of the year[15] - Accounts receivable decreased to CNY 143,218,724.03 from CNY 153,620,683.49, a decline of about 6.8%[16] - Inventory rose to CNY 143,806,067.56 from CNY 131,621,063.64, indicating an increase of approximately 9.2%[16] - Non-current assets totaled CNY 882,574,357.53, slightly up from CNY 882,179,238.56[16] Expenses - Total operating costs increased to ¥89,097,414.79, up 1.4% from ¥87,861,601.96 year-over-year[19] - Research and development expenses for Q1 2023 were ¥7,556,396.18, slightly down from ¥7,750,447.84 in the previous year[19] - The company reported a decrease in sales expenses to ¥5,317,029.54 from ¥6,309,997.09 year-over-year, a reduction of 15.7%[19] - The company incurred financial expenses of ¥255,690.36, a reduction of 73.90% compared to ¥979,784.14 in the previous year, attributed to lower loan interest expenses[10] - The company reported a 67.64% decrease in business tax and additional fees, amounting to ¥478,889.55, due to a decline in payable VAT[10] Shareholder Information - The company reported a total of 12,260 common shareholders at the end of the reporting period[13] - The largest shareholder, Hengfeng Holdings Co., Ltd., holds 49.43% of the shares[13] - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest three being related parties[13] - The company has not reported any changes in restricted shares during the quarter[14] - There are no preferred shareholders reported for this quarter[14]

恒锋工具股份有限公司 关于举行 2022 年度网上业绩说明会的公告 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。 恒锋工具股份有限公司（以下简称"公司"）2022年年度报告及其摘要已于 2023 年 4 月 26 日在 中 国证 监 会指 定 的创 业 板信 息披 露 网站 巨 潮资 讯 网 （http://www.cninfo.com.cn/）上披露。 为便于广大投资者进一步了解公司2022年度报告内容及经营情况，公司定于 2023年05月12日（星期五）下午15:00至17:00时在"恒锋工具IR"小程序举行2022 年度网上业绩说明会。本次网上业绩说明会将采用网络远程的方式举行，投资者 可登陆"恒锋工具IR"小程序参与互动交流。为广泛听取投资者的意见和建议， 提前向投资者征集问题，提问通道自发出公告之日起开放，公司将在2022年度业 绩说明会上对投资者普遍关注的问题进行回答。 参与方式一：在微信小程序中搜索"恒锋工具IR"； 参与方式二：微信扫一扫以下二维码： 证券代码：300488 证券简称：恒锋工具 公告编号：2023-015 出席本次网上业绩说明 ...

Group 1: Company Overview and Business Model - The company focuses on precision complex cutting tools and aims to be a provider of advanced manufacturing technology, following a "3+3+3" product development strategy [2] - The first "3" represents three mechanical structures: spline, gear, and thread; the second "3" refers to three processing techniques: pulling, drilling, and milling; the last "3" indicates three material forms: high-speed tool steel, cemented carbide, and clamped type [2] Group 2: Market Size and Company Position - The estimated market size for pulling tools in China is approximately 1.2 billion CNY, while the gear tools market is around 1.5 billion CNY [3] - The company anticipates holding a market share of about 30%-40% in the high-end segment of complex tools in China [3] - The projected market size for tap products in China is estimated to be between 2 billion to 3 billion CNY [3] Group 3: Product Composition and Strategy - The company's cemented carbide products account for about 25% of its total product value [3] - The company does not engage in the production of hard alloy and high-speed tool steel materials but focuses on various precision processing capabilities [3] Group 4: Business Operations and Future Plans - The company's foreign sales account for approximately 10% of total revenue, with efforts to expand international markets through participation in trade shows and establishing a wholly-owned subsidiary in the U.S. [3] - The company has a strategy for international development while strengthening its presence in the Chinese market [3] Group 5: Workforce and Recruitment - The company does not face difficulties in recruitment, maintaining stable personnel, and prepares human resources in advance based on market demand [4] - The training period for a skilled technician varies by position, ranging from 1 year to 2-3 years [4]

Group 1: Product Categories and Characteristics - The company categorizes its tools into precision complex cutting tools and efficient high-speed tools based on design complexity and production volume [2][3] - Precision complex cutting tools include pull knives, gear hobs, spline gauges, and forming milling cutters, which are characterized by high design and manufacturing difficulty [2][3] - Efficient high-speed tools, such as high-speed steel drills and non-standard milling cutters, are produced in larger or small batches and are recognized for their high processing efficiency [2][3] Group 2: Market and Competition - The company has not yet entered the ultra-hard tool market, which is currently served by a few domestic competitors [3] - The main technical barriers in the machine tool industry include design capability, material formulation, and processing precision [3][4] - The company claims to have closed the quality gap with foreign products in some areas, while still facing challenges in pricing due to currency fluctuations [3][4] Group 3: Financial Performance - The gross margin has slightly decreased compared to the previous year, primarily due to rising labor costs, with a potential decline of around 5 percentage points being significant [4] - The company experienced a revenue decline in 2013, attributed to macroeconomic factors and a temporary surge in demand from clients establishing factories [4] - Cash flow from operations has decreased year-on-year, mainly due to increased bonuses and tax expenses [4][5] Group 4: Management and Corporate Culture - The company does not exhibit significant seasonal sales fluctuations, with the second half of the year generally seeing higher sales [5] - Strict sales management and incentive mechanisms are in place to ensure effective cash flow management, with longer payment terms for major clients and 100% prepayment for smaller customers [5] - The company emphasizes innovation, service, and continuous investment in technology upgrades while focusing on talent development [5]

编号：2015-002 证券代码：300488 证券简称：恒锋工具 恒锋工具股份有限公司投资者关系活动记录表 | --- | --- | |----------------|------------------------------------------------------| | | | | 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（座谈） | | 参与单位名称及 | 国泰君安证券：冯士炯 | | 人员姓名 | 上海志延投资管理有限公司：陆华 | | | 上海芦田资产管理有限公司：陆政一 | | | 上海同亿富利投资管理有限公司:陆晨辉 | | 时间 | 2015 年 7 月 21 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 恒锋工具董事会秘书、副总经理：陈子怡 | | 员姓名 | 恒锋工具证券事务代表：胡金秋 | | 投资者关系活动 | 1 、公司主要产品简要介绍 | | 主要内容介绍 | 答：产品为现代高效工具，主要包括精密复杂刃量具、 | | | ...

证券代码：300488 证券简称：恒锋工具 编号：2015-006 | --- | --- | |----------------|-----------------------------------------------------------| | | | | 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（座谈） | | 参与单位名称及 | 中银国际：曾帅 | | 人员姓名 | 诺德基金：阎安琪 | | | 九州证券：周恒 | | 时间 | 2015 年 12 月 01 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 恒锋工具董事会秘书、副总经理：陈子怡 | | 员姓名 | 恒锋工具证券事务代表：胡金秋 | | 投资者关系活动 | 一、简述公司发展历程。 | | 主要内容介绍 | 199 7: 股份公司改名前身海盐量刃具公司成立。 | | | 199 8: 受亚洲金融风暴影响，公司外贸出口大幅下滑，经营困 | | | 难。 | | | 199 9: 决定进一 ...

证券代码：300488 证券简称：恒锋工具 编号：2015-005 恒锋工具股份有限公司投资者关系活动记录表 | --- | --- | |----------------|------------------------------------------------------------| | 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（座谈） | | 参与单位名称及 | 国泰君安：吴璋怡，王政之 | | 人员姓名 | 中银国际：赵子青，曾帅 | | | 有据资本：刘涛 | | | 磐厚财富：林剑光，余可乐 | | 时间 | 2015 年 11 月 11 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 恒锋工具董事会秘书、副总经理：陈子怡 | | 员姓名 | 恒锋工具证券事务代表：胡金秋 | | 投资者关系活动 | 一：简要概述公司发展历史、董事长 25 年来的艰辛创业史。 | | 主要内容介绍 | 二：介绍公司产品和用途及应用领域。 | | | 三：介绍公司 ...

Business Segmentation - Automotive parts account for 60-65% of the business, primarily serving high-end automotive equipment and joint ventures. The industry growth is slowing, but new product development and higher technical standards present advantages for the company [2][3] - Aerospace industry currently has a low business volume share, mainly serving large aircraft engine manufacturers with tools for processing turbine discs and blades. There is significant potential for military clients [3] - Power generation equipment accounts for 8% of the business, with major clients including Shanghai Turbine Factory and Harbin Turbine Factory. These clients have larger order volumes compared to last year [3] - Precision machining represents 11% of the business, focusing on tools for key components like RV reducers used in robotics [3] Strategic Planning - The company aims to execute fundraising projects effectively to increase production capacity, addressing long delivery times and customer feedback [3][4] - Emphasis on technological innovation, with significant investment in R&D and collaboration with universities, such as Shanghai Jiao Tong University [4] - The company is developing new products and overcoming technical challenges, particularly in the field of precision tools [4] Market Challenges - The decline in the automotive sector increases pressure on the company, as competition intensifies and the need for cost-effective domestic tools rises [4] - The company is considering downstream business extensions, such as providing small-batch processing services to clients, which could reduce their capital investment in high-precision equipment [4] Military Industry Qualifications - The company does not directly produce military components but provides supporting tools for processing. There are no specific qualification requirements, as the market is fully competitive [3][4]