证券代码：300488 证券简称：恒锋工具 2021 年 9 月 29 日投资者关系活动记录表 编号：2021-003 | --- | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------| | \n投资者关系活动 \n类别 | √特定对象调研 □分析师会议 \n □媒体采访 □业绩说明会 \n □新闻发布会 □路演活动 \n □现场参观 | □其他（座谈） | | 参与单位名称及 人员姓名 | 财联社：罗祎辰 | | | 时间 | 2021 年 9 月 29 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 ...

证券代码：300488 证券简称：恒锋工具 2021 年 11 月 24 日投资者关系活动记录表 编号：2021-005 | --- | --- | --- | |-------------------------|----------------------------------------------------------------------|--------------------------------------------------------| | 投资者关系活动 \n类别 | √特定对象调研 □分析师会议 \n \n □新闻发布会 □路演活动 \n □现场参观 | □媒体采访 □业绩说明会 \n□其他（座谈） | | 参与单位名称及 人员姓名 | | 中金公司：郭威秀、王梓琳、郑舒烨 | | 时间 | 2021 年 11 月 24 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 | 参观公司现场，了解公司产品，简单叙述公司发展历程。 | | | 问题一、公司主营业务介绍？ ...

编号：2021-004 证券代码：300488 证券简称：恒锋工具 2021 年 11 月 15 日投资者关系活动记录表 | --- | --- | --- | |-----------------------|--------------------------------------------------------------------------------------------|--------------------------------------------------------| | 投资者关系活动 \n类别 | √特定对象调研 □分析师会议 \n □媒体采访 □业绩说明会 \n □新闻发布会 □路演活动 \n □现场参观 | □其他（座谈） | | 参与单位名称及 | 东北证券：许光坦 | | | 人员姓名 | 平安证券：吴文成 | | | | 上海引弓投资有限公司：刘凯、韦有新 | | | 时间 | 2021 年 11 月 15 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 ...

Financial Performance - Revenue for Q3 2022 was CNY 130,515,843.97, a decrease of 6.72% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 37,022,585.22, down 17.63% year-on-year[5] - Basic earnings per share decreased by 18.52% to CNY 0.22[5] - Total operating revenue for Q3 2022 was CNY 385,443,225.53, an increase of 4.4% compared to CNY 367,364,461.96 in Q3 2021[22] - Net profit for Q3 2022 was CNY 107,165,389.40, slightly down from CNY 108,269,127.74 in Q3 2021, representing a decrease of 1.0%[23] - The total comprehensive income attributable to the parent company was 108,402,202.85 CNY, slightly higher than 108,009,316.13 CNY from the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,530,099,886.20, an increase of 3.91% from the end of the previous year[5] - Total assets as of Q3 2022 amounted to CNY 1,530,099,886.20, up from CNY 1,472,526,938.06 at the end of Q3 2021, indicating a growth of 3.9%[20] - Total liabilities decreased to CNY 250,157,880.71 in Q3 2022 from CNY 271,164,864.84 in Q3 2021, a reduction of 7.8%[20] - The equity attributable to shareholders of the parent company increased to CNY 1,279,942,005.49 in Q3 2022, compared to CNY 1,201,362,073.22 in Q3 2021, reflecting a growth of 6.5%[20] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 175,021,608.05, up 48.12%[5] - The net cash flow from operating activities was 175,021,608.05 CNY, up from 118,159,649.39 CNY year-over-year, indicating a growth of approximately 48%[27] - Cash inflow from sales of goods and services reached 390,171,139.22 CNY, compared to 324,452,705.98 CNY in the same period last year, representing a 20% increase[26] - The cash obtained from loans decreased by 47.12% to ¥47,000,000.00 compared to the previous year[12] - Cash paid for debt repayment increased by 84.38% to ¥98,974,002.80 due to higher bank loan repayments[12] - The total cash outflow from financing activities was 130,568,807.64 CNY, compared to 84,511,192.14 CNY in the previous year, reflecting a significant increase in financing costs[27] Government Subsidies and Financial Expenses - Government subsidies recognized during the reporting period amounted to CNY 11,704,043.32, a 94.79% increase compared to the previous year[10] - The company’s financial expenses decreased by 60.81% to CNY 1,094,078.22 due to reduced bank borrowings[10] Investments - The company’s investment income decreased by 35.78% to CNY 3,292,396.48, attributed to prior year gains from equity investments[10] - Cash received from investment recoveries decreased by 86.93% to ¥3,136,000.00, attributed to the previous year's recovery from investment in Chuzhou Yungpu Alloy Tools[12] - Cash received from other investment activities rose by 111.61% to ¥514,220,030.94, driven by the circulation of purchasing and redeeming financial products[12] - The cash paid for other investment activities increased by 128.10% to ¥586,220,000.00, also related to the circulation of financial products[12] - The company is planning to acquire 51%-70% of Chengdu Xincheng Measuring Tools Co., Ltd., a leading enterprise in the machine tool industry, which could significantly enhance its competitive strength and profitability[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,343, with the largest shareholder, Hengfeng Holdings Co., Ltd., holding 49.43% of shares[14] - The company has a strong shareholder base with significant stakes held by key individuals, including Chen Errong and Chen Ziyan, each holding 8.72%[14] Research and Development - Research and development expenses increased to CNY 24,338,033.54 in Q3 2022, compared to CNY 19,658,295.39 in Q3 2021, reflecting a growth of 23.5%[23] Inventory and Accounts Receivable - The company reported a decrease in accounts receivable to CNY 163,107,250.08 from CNY 119,143,181.70, indicating a significant increase of 37.0%[19] - Inventory levels rose to CNY 142,950,356.90 in Q3 2022, compared to CNY 121,492,741.10 in Q3 2021, marking a growth of 17.7%[19] Foreign Exchange Impact - The company reported a 456.97% increase in the impact of exchange rate changes on cash and cash equivalents, amounting to ¥2,025,918.86, due to the appreciation of the US dollar[12] - The company experienced a foreign exchange impact of 2,025,918.86 CNY on cash and cash equivalents, contrasting with a negative impact of -567,530.83 CNY in the previous period[27] Audit Status - The company has not undergone an audit for the third quarter report[28]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥254,927,381.56, representing a 12.08% increase compared to ¥227,453,167.56 in the same period last year[21]. - The net profit attributable to shareholders was ¥70,142,804.18, an increase of 11.00% from ¥63,189,084.82 in the previous year[21]. - The net cash flow from operating activities reached ¥144,831,866.08, showing a significant increase of 64.24% compared to ¥88,182,432.58 in the prior year[21]. - The basic earnings per share were ¥0.42, up 10.53% from ¥0.38 in the same period last year[21]. - The net profit after deducting non-recurring gains and losses was 62.39 million yuan, an increase of 2.69% compared to the same period last year[40]. - In Q1 2022, the company reported operating revenue of 116.67 million yuan, a year-on-year growth of 21.17%[40]. - In Q2 2022, operating revenue reached 138.26 million yuan, with a year-on-year growth of 5.41%, indicating a narrowing growth rate[40]. - The decline in revenue growth in Q2 was primarily due to the impact of COVID-19 outbreaks affecting production and logistics[40]. - The company received significant government subsidies during the reporting period, contributing to revenue growth[41]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,498,877,219.64, a 1.79% increase from ¥1,472,526,938.06 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 3.46% to ¥1,242,934,810.38 from ¥1,201,362,073.22 at the end of the previous year[21]. - The company's cash and cash equivalents decreased by 250.47% to -¥24,258,256.76, mainly due to the repayment of long-term borrowings[45]. - The total assets as of June 30, 2022, amounted to CNY 1,498,877,219.64, an increase from CNY 1,472,526,938.06 at the beginning of the year, reflecting a growth of approximately 1.9%[120]. - Total liabilities decreased to CNY 255,942,409.26 from CNY 271,164,864.84, a reduction of approximately 5.6%[122]. - The company's equity attributable to shareholders increased to CNY 1,242,934,810.38 from CNY 1,201,362,073.22, reflecting a growth of about 3.5%[122]. Research and Development - Research and development investment rose by 25.78% to ¥16,130,786.63, up from ¥12,824,745.75, indicating a strong focus on innovation[44]. - The company plans to increase R&D investment to capture market share in existing mature product areas and develop new products to mitigate economic fluctuations in specific sectors[62]. - The company is focusing on enhancing its research and development capabilities to drive innovation[146]. Market Position and Strategy - The company is engaged in the production of precision complex cutting tools and high-end production services, including precision grinding and testing services[29]. - The precision tool industry is experiencing a shift towards high-performance tools, driven by advancements in modern manufacturing technology[38]. - The company has maintained a strong market position in the precision cutting tool industry for over 30 years, focusing on technology development and reducing reliance on imports[42]. - The company plans to acquire Chengdu Xincheng Measuring Tools Co., Ltd. to enhance its sustainable profitability, although this acquisition carries significant uncertainties[64]. - The company has plans for market expansion and new product development in the upcoming quarters[146]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - The investor participation rate in the annual general meeting was 72.76%[67]. - The company emphasizes transparency and communication with investors through various channels to enhance trust and accountability[74]. - The total number of shares held by the company is 165,679,000, representing 100% of the shares[104]. - The largest shareholder, Hengfeng Holdings Co., Ltd., holds 49.43% of the shares, totaling 81,901,454 shares[105]. - The second-largest shareholder, Chen Errong, holds 8.72% of the shares, totaling 14,441,872 shares[106]. - The total number of ordinary shareholders at the end of the reporting period is 13,860[105]. Financial Reporting and Compliance - The half-year financial report was not audited[80]. - The company did not experience any bankruptcy reorganization matters during the reporting period[81]. - The company reported no significant environmental penalties during the reporting period and adheres to various environmental protection laws[73]. - The company did not engage in any related party transactions during the reporting period[83]. - The company has no significant accounting policy changes or estimates that would impact the financial reporting[155]. Cash Flow and Investments - The company reported cash inflows from operating activities totaling 312,370,298.36 CNY, up from 230,234,865.41 CNY in the previous year, marking an increase of around 35.7%[134]. - The company’s financing activities resulted in a net cash outflow of 73,777,126.71 CNY in the first half of 2022, compared to a net inflow of 4,687,736.53 CNY in the same period of 2021, indicating a shift in financing strategy[136]. - The company reported a total capital reserve of 232,600,000 yuan as of the end of the first half of 2022, consistent with the previous year[148]. Risk Factors - Rising costs in energy, labor, and raw materials pose risks to the company's performance, prompting strategies to secure more orders and optimize internal management[63]. - The company continues to recognize transferred financial assets if it retains substantially all the risks and rewards of ownership[168].

Financial Performance - The company's operating revenue for Q1 2022 was ¥116,666,059.25, representing a 21.17% increase compared to ¥96,286,200.66 in the same period last year[3] - Net profit attributable to shareholders was ¥29,215,162.15, a 40.82% increase from ¥20,746,728.62 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥25,387,451.93, up 30.07% from ¥19,517,631.72 in the previous year[3] - Basic earnings per share increased by 38.46% to ¥0.18 from ¥0.13 year-on-year[3] - Operating profit for Q1 2022 was ¥32,803,262.81, up 38.7% from ¥23,628,602.89 in the same period last year[17] - Net profit attributable to the parent company for Q1 2022 was ¥29,215,162.15, representing a 40.6% increase from ¥20,746,728.62 in Q1 2021[18] - The company reported a total comprehensive income of ¥29,115,873.16 for Q1 2022, compared to ¥21,001,955.09 in the same period last year[18] Cash Flow - The company's cash flow from operating activities decreased by 32.23% to ¥30,074,131.68 from ¥44,373,964.79 in the same period last year[3] - Total cash inflow from operating activities was ¥128,573,345.54, compared to ¥114,144,636.09 in Q1 2021, reflecting improved cash generation[20] - The net cash flow from investment activities was -46,968,892.92, compared to -29,828,730.72 in the previous year, indicating a decline of approximately 57.5%[22] - Cash inflow from financing activities totaled 9,800,000.00, while cash outflow was 9,483,343.35, resulting in a net cash flow of -9,483,343.35, compared to a positive net cash flow of 4,139,593.18 in the previous year[22] - The net increase in cash and cash equivalents was -26,611,068.34, contrasting with an increase of 18,750,691.86 in the same period last year[22] - The ending balance of cash and cash equivalents was 56,238,412.47, down from 82,849,480.81 at the beginning of the period[22] - The company reported cash inflow from investment activities of 91,648,214.31, down from 119,558,299.85 year-over-year, representing a decrease of approximately 23.3%[22] - Cash outflow for the acquisition of fixed assets and intangible assets was 33,617,107.23, compared to 21,387,030.57 in the previous year, reflecting an increase of about 57.2%[22] - The cash flow from financing activities included repayment of debts amounting to 8,579,390.28, which increased from 5,000,000.00 in the previous year[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,473,895,353.54, a slight increase of 0.09% from ¥1,472,526,938.06 at the end of the previous year[3] - Total liabilities as of the end of Q1 2022 were ¥243,417,407.16, down from ¥271,164,864.84 at the end of Q1 2021[16] - Total equity attributable to shareholders reached ¥1,230,477,946.38, an increase from ¥1,201,362,073.22 in the previous year[16] - The total current assets amount to 567,715,072.70 CNY, a slight decrease from 573,448,442.86 CNY at the beginning of the year[14] - The company’s cash and cash equivalents decreased from 90,496,819.87 CNY to 64,554,118.75 CNY[13] - Accounts receivable increased from 119,143,181.70 CNY to 137,855,513.36 CNY, indicating a growth of approximately 15.1%[13] - Inventory levels rose from 121,492,741.10 CNY to 126,126,551.28 CNY, reflecting an increase of about 3.2%[14] - The company’s fixed assets decreased slightly from 691,802,526.02 CNY to 687,923,739.38 CNY[14] - The company has a short-term loan balance of 28,000,000.00 CNY, which is consistent with the previous period[14] Research and Development - Research and development expenses rose by 27.30% to ¥7,750,447.84 from ¥6,088,506.29 in the previous year, reflecting increased investment in R&D[7] - Research and development expenses for Q1 2022 amounted to ¥7,750,447.84, up from ¥6,088,506.29 in Q1 2021, indicating a focus on innovation[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,286, with no preferred shareholders having restored voting rights[10] - The largest shareholder, Hengfeng Holdings Limited, holds 49.43% of shares, totaling 81,901,454 shares[10] Strategic Initiatives - The company is planning to acquire 51%-70% of Chengdu Xincheng Measuring Tools Co., a leading enterprise in the machine tool industry, which is expected to enhance its competitive strength and profitability[11] Other Information - The company did not undergo an audit for the first quarter report[23] - The company experienced a negative impact of -232,963.75 from exchange rate fluctuations on cash and cash equivalents[22] - The company received government subsidies amounting to ¥4,054,458.23, a significant increase of 247.91% compared to ¥1,165,358.97 in the same period last year[7]

Financial Performance - The company's operating revenue for 2021 was CNY 509,320,953.11, representing a 31.53% increase compared to CNY 387,231,605.46 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 154,657,932.23, an increase of 87.00% from CNY 82,704,161.09 in 2020[19]. - The net profit after deducting non-recurring gains and losses was CNY 125,690,906.51, up 81.27% from CNY 69,339,157.59 in 2020[19]. - The net cash flow from operating activities was CNY 199,104,721.56, a 33.17% increase from CNY 149,510,670.32 in 2020[19]. - The basic earnings per share for 2021 was CNY 0.93, an increase of 86.00% compared to CNY 0.50 in 2020[19]. - The total assets at the end of 2021 were CNY 1,472,526,938.06, reflecting a 17.58% increase from CNY 1,252,352,622.62 at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,201,362,073.22, an increase of 11.96% from CNY 1,073,017,328.53 at the end of 2020[19]. - The company reported a total revenue target of over 580 million yuan for the year 2022, which does not constitute a performance commitment to investors[82]. Market and Industry Insights - The precision tool market in China saw a consumption scale of ¥421 billion in 2020, with domestic tools accounting for approximately 69% of the market[31]. - The overall market for high-end precision tools in China is projected to grow, driven by advancements in manufacturing technology and increased domestic consumption[32]. - The domestic precision tool industry is expected to benefit from the ongoing transition to high-performance tools and the increasing demand for customized solutions[32]. - The company maintained the number one market share in precision pulling tools and spline measuring tools for over ten consecutive years[34]. Research and Development - The company invested 27.94 million yuan in R&D, a 36.82% increase from the previous year, representing 5.49% of total operating revenue[43]. - The company has developed 22 core technologies, including high-strength brazing technology and precision spline online measurement technology[37]. - Research and development expenses amounted to 27,942,051.10 CNY, representing 5.49% of total revenue, up from 5.27% in 2020[64]. - The company plans to increase R&D investment to develop new products and reduce reliance on single application areas to mitigate economic fluctuations[83]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and promoting effective operation[90]. - The board of directors consists of six members, including three independent directors, ensuring compliance with legal requirements and promoting responsible governance practices[90]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal regulations[92]. - The company respects and protects the legitimate rights and interests of stakeholders, promoting balanced interests among society, shareholders, the company, and employees[92]. Strategic Initiatives - The company is focusing on digital transformation and smart manufacturing to enhance its competitive edge in the precision tool industry[32]. - The company aims to solidify its business model of "products + services + intelligent manufacturing" and enhance its offerings in precision tools and services[82]. - The company plans to enhance its competitive edge by improving internal management and adopting a "quasi-business unit system" to ensure high-quality products and services, aiming for rapid delivery to meet market demands[84]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with an investment of 50 million yuan allocated for market entry strategies[109]. Risk Management - The company recognizes potential risks from industry cycles and market competition, particularly in sectors like automotive parts and steel structures[82][83]. - The main materials required for production, such as high-speed steel and alloy tool steel, are subject to price fluctuations, which could impact operational profits and increase financial pressure[85]. - The company intends to mitigate raw material price volatility risks by locking in prices through long-term agreements, increasing inventory, and adjusting selling prices[85]. Shareholder Information - The total number of shares held by the board members at the end of the reporting period was 38,643,500 shares[100]. - The largest shareholder, Hengfeng Holdings Limited, holds 49.43% of the shares, totaling 81,901,454 shares[182]. - The company has not issued any new securities during the reporting period[181]. - The company has not reported any significant changes in its shareholding structure or any pledges of shares exceeding 80% of the total held by major shareholders[187]. Social Responsibility - The company actively fulfills its corporate social responsibilities, ensuring timely and accurate information disclosure to investors[135]. - The company has not initiated any targeted poverty alleviation work during the reporting year and has no subsequent plans[136].

Financial Performance - The company's revenue for Q3 2021 reached ¥139,911,294.40, representing a 37.81% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥44,946,012.03, up 76.13% year-on-year[3] - The net profit excluding non-recurring gains and losses was ¥37,831,342.43, reflecting a 56.22% increase compared to the previous year[3] - Basic earnings per share for the period was ¥0.27, an increase of 80.00% year-on-year[3] - Total operating revenue for the third quarter reached ¥367,364,461.96, an increase of 45.39% compared to ¥252,682,369.10 in the same period last year[8] - Net profit for the third quarter of 2021 was CNY 108,269,127.74, up from CNY 63,490,142.15 in the previous year, representing an increase of approximately 70.7%[20] - The net profit attributable to the parent company for Q3 2021 was ¥108,135,096.85, compared to ¥63,551,900.61 in Q3 2020, representing a year-over-year increase of approximately 70.3%[21] - The basic and diluted earnings per share for Q3 2021 were both ¥0.65, up from ¥0.38 in the same period last year, indicating a growth of 71.1%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,400,077,884.69, an increase of 11.80% from the end of the previous year[3] - The company's total assets as of September 30, 2021, amounted to CNY 1,400,077,884.69, compared to CNY 1,252,352,622.62 at the end of 2020, showing a growth of about 11.8%[16] - Current assets totaled CNY 502,164,286.52, an increase from CNY 414,777,174.41, which is a rise of approximately 21%[15] - The company's total liabilities increased to CNY 243,903,132.18 from CNY 178,439,933.10, representing a growth of approximately 36.7%[17] - The total equity attributable to shareholders reached CNY 1,156,174,752.51, up from CNY 1,073,017,328.53, indicating an increase of about 7.7%[17] Cash Flow - The company reported a net cash flow from operating activities of ¥118,159,649.39, which is a 24.12% increase year-to-date[3] - Cash inflow from operating activities for Q3 2021 was ¥337,404,686.27, compared to ¥254,890,375.71 in Q3 2020, reflecting an increase of about 32.4%[23] - The net cash flow from operating activities for the year-to-date period was ¥118,159,649.39, up from ¥95,199,521.00 in the previous year, marking a growth of approximately 24.1%[23] - The total cash flow from investing activities for Q3 2021 resulted in a net outflow of ¥105,620,040.86, compared to a net outflow of ¥78,311,902.10 in Q3 2020[25] - The cash inflow from investment activities in Q3 2021 was ¥272,780,494.75, compared to ¥214,951,150.06 in Q3 2020, showing an increase of about 26.8%[25] - The company’s cash outflow for financing activities was ¥84,511,192.14 in Q3 2021, compared to ¥48,325,064.37 in Q3 2020, reflecting an increase of approximately 75.0%[25] Investments and Expenses - Research and development expenses increased by 36.98% to ¥19,658,295.39 from ¥14,350,963.17, reflecting the company's commitment to enhancing R&D investment[8] - The income tax expense rose by 86.23% to ¥15,565,510.74, driven by an increase in total profit[8] - The company’s financial expenses increased by 34.82% to ¥2,791,553.51, primarily due to higher loan interest expenses[8] - Cash paid for purchasing goods and services was ¥82,344,791.41, reflecting a 40.74% increase from ¥58,508,000.06[8] - The company reported a significant increase in long-term borrowings, rising to ¥50,984,002.80, up 171.46% from ¥18,781,100.00, attributed to smart manufacturing upgrades[8] - The company’s investment cash outflow surged by 983.33% to ¥39,000,000.00, due to investments in Chuzhou Yongpu Alloy Tool Co., Ltd. and Zhejiang Tuobol Rail Equipment Technology Co., Ltd.[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,806[10]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥227,453,167.56, representing a 50.48% increase compared to ¥151,154,547.50 in the same period last year[21]. - The net profit attributable to shareholders was ¥63,189,084.82, a 66.14% increase from ¥38,033,235.84 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥60,756,144.32, which is a 105.32% increase compared to ¥29,590,335.61 in the previous year[21]. - Basic earnings per share increased to ¥0.38, a rise of 65.22% from ¥0.23 in the previous year[21]. - The company achieved total revenue of 227.45 million yuan, a year-on-year increase of 50.48%[33]. - Net profit attributable to shareholders reached 63.19 million yuan, up 66.14% compared to the previous year[33]. - The net profit after deducting non-recurring gains and losses was 60.76 million yuan, reflecting a growth of 105.32% year-on-year[33]. - Basic earnings per share increased to 0.38 yuan, representing a growth of 65.22% from the previous year[33]. - The company reported a total operating cost of ¥159,698,747.77 for the first half of 2021, an increase from ¥118,948,303.99 in the first half of 2020, which is a rise of 34.3%[122]. - The total comprehensive income for the first half of 2021 was ¥63,108,778.18, compared to ¥38,441,629.16 in the same period of 2020, reflecting a growth of 64.3%[125]. Cash Flow and Investments - The net cash flow from operating activities was ¥88,182,432.58, up 34.97% from ¥65,332,612.80 in the same period last year[21]. - The net cash flow from operating activities for the first half of 2021 was CNY 88,182,432.58, an increase of 35% compared to CNY 65,332,612.80 in the same period of 2020[132]. - The net cash flow from investment activities was -CNY 76,239,891.76, worsening from -CNY 44,538,066.05 year-on-year[132]. - Cash inflow from investment activities totaled CNY 187,700,043.26, down from CNY 203,543,755.81, a decrease of around 8%[132]. - Cash outflow for investment activities increased to CNY 263,939,935.02 from CNY 248,081,821.86, marking an increase of approximately 6%[132]. - The net cash flow from financing activities was CNY 4,687,736.53, a recovery from -CNY 16,178,354.62 in the previous year[133]. - Cash inflow from financing activities was CNY 81,805,600.00, significantly higher than CNY 28,500,000.00 in the same period last year[133]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,332,236,874.83, reflecting a 6.38% increase from ¥1,252,352,622.62 at the end of the previous year[21]. - Total liabilities amounted to CNY 220,067,299.28, compared to CNY 178,439,933.10, which is an increase of about 23.3%[116]. - The company's total assets at the end of the current period were CNY 1,111.1 million[139]. - The company's total liabilities at the end of the current period were 928,930 million yuan, which is crucial for assessing the company's leverage[142]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of shares before the recent changes was 165,679,281, with the total number of shares after changes remaining the same[94]. - The largest shareholder, Hengfeng Holdings Limited, holds 49.43% of shares, totaling 81,901,454 shares[101]. - Total number of common shareholders at the end of the reporting period is 7,523[100]. Research and Development - Research and development expenses rose to 12.82 million yuan, marking a 40.62% increase compared to the previous year[34]. - Research and development expenses increased to ¥12,824,745.75 in the first half of 2021, up from ¥9,119,932.92 in the same period of 2020, representing a growth of 40.5%[122]. Risk Factors - The company faces risks from raw material price fluctuations, particularly in high-speed steel and alloy tool steel, which could adversely affect profits if prices rise without corresponding product price increases[52]. Corporate Governance - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[58]. - The company did not engage in any major environmental violations or receive administrative penalties during the reporting period[62]. - The company reported no significant lawsuits or arbitration matters during the reporting period[72]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[152]. - The company includes all controlled subsidiaries in its consolidated financial statements, prepared according to relevant accounting standards[157]. - The company employs the effective interest method for subsequent measurement of financial assets and liabilities, recognizing gains or losses in the current period's profit or loss[161].

Financial Performance - The company's revenue for Q1 2021 was ¥96,286,200.66, representing an increase of 85.76% compared to ¥51,832,779.38 in the same period last year[8] - Net profit attributable to shareholders was ¥20,746,728.62, a significant increase of 235.58% from ¥6,182,384.65 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached ¥19,517,631.72, up 354.18% from ¥4,297,329.08 in the previous year[8] - Basic earnings per share rose to ¥0.13, reflecting a 225.00% increase from ¥0.04 in the same period last year[8] - Total operating revenue for Q1 2021 reached ¥96,286,200.66, a significant increase from ¥51,832,779.38 in the previous period[39] - Net profit for Q1 2021 was ¥20,799,049.97, compared to ¥6,084,939.79 in the same period last year, representing a growth of approximately 241%[41] - The company reported a total comprehensive income of ¥21,001,955.09 for the quarter, compared to ¥6,424,969.96 in the previous year[42] - Total comprehensive income for the first quarter reached ¥17,713,898.52, compared to ¥6,253,635.15 in the same period last year, indicating a significant increase[46] Cash Flow and Liquidity - The net cash flow from operating activities was ¥44,373,964.79, an increase of 341.35% compared to ¥10,054,072.59 in the same period last year[8] - Operating cash inflow amounted to ¥114,144,636.09, up from ¥64,001,938.21 year-on-year, reflecting a growth of approximately 78.5%[49] - Cash and cash equivalents at the end of the period totaled ¥48,445,215.97, a significant rise from ¥13,696,252.34 at the end of the previous year[50] - Cash flow from financing activities generated a net inflow of ¥4,139,593.18, compared to a net outflow of ¥700,576.26 in the previous year[50] - Cash received from operating activities increased by 55.04% to CNY 3.75 million due to a decrease in accounts payable guarantee balance[21] - The company’s cash flow from operating activities was significantly impacted by an increase in tax payments, which rose to ¥13,777,962.19 from ¥8,356,393.84 in the previous year[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,270,896,578.39, a slight increase of 1.48% from ¥1,252,352,622.62 at the end of the previous year[8] - Current assets totaled ¥408,275,399.17, a slight decrease from ¥414,777,174.41 on December 31, 2020, representing a decline of approximately 1.2%[31] - Total liabilities increased slightly to ¥99,683,402.65 from ¥99,214,330.62, while total equity rose to ¥1,121,690,450.58 from ¥1,103,976,552.06[40] - Long-term borrowings increased to ¥28,581,100.00 from ¥18,781,100.00, reflecting a growth of approximately 52%[33] - The company’s total liabilities increased by 52.18% to CNY 28.58 million due to new loans for project upgrades[20] Investments and Expenditures - The company invested CNY 24 million in Suzhou Yongpu Alloy Tool Co., marking a 3900% increase in investment compared to the previous year[21] - Long-term equity investments surged by 325.46% to CNY 30.86 million due to the investment in Suzhou Yongpu Alloy Tool Co.[20] - The company’s research and development expenses rose by 50.02% to CNY 6.09 million, reflecting an increase in personnel and related costs[20] - Research and development expenses increased to ¥6,088,506.29 from ¥4,058,589.96, indicating a focus on innovation[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,021[11] - Net assets attributable to shareholders amounted to ¥1,093,966,962.27, up 1.95% from ¥1,073,017,328.53 at the end of the previous year[8] - The total equity attributable to shareholders rose to ¥1,093,966,962.27 from ¥1,073,017,328.53, an increase of about 1.8%[34] - The company reported a net profit increase, with retained earnings growing to ¥624,657,317.31 from ¥603,910,588.69, reflecting an increase of approximately 3.1%[34]