证券代码：300553 证券简称：集智股份 投资者关系活动记录表 编号：2018-002 | --- | --- | --- | |----------------|-------------------------|------------------------------------------------------| | | | 特定对象调研 □分析师会议 | | 投资者关系活动 | □ | 媒体采访 □业绩说明会 | | 类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | | 浙江悦天资产管理有限公司：范院勤（高级研究员）；财通 | | 人员姓名 | | 证券股份有限公司：陶波（研究员）、钱思佳（项目经理） | | 时间 | 2018 年 1 月 25 | 日，上午 9:40-11:00 | | 地点 | 公司会议室 | | | 上市公司接待人 | | | | 员姓名 | | 董事会秘书：陈旭初；证券事务代表：葛明 | 1 | --- | --- | |----------------|------------------- ...

Financial Performance - The company's revenue for Q3 2022 was ¥51,411,424.78, representing a 3.94% increase compared to the same period last year[5] - Net profit attributable to shareholders increased by 104.42% to ¥8,809,090.60, while year-to-date net profit decreased by 37.08% to ¥13,715,935.83[5] - The basic earnings per share rose by 85.33% to ¥0.17, while diluted earnings per share also increased by 85.33% to ¥0.17[5] - Total operating revenue for Q3 2022 was ¥146,146,106.14, a decrease of 2.9% compared to ¥150,021,224.47 in Q3 2021[24] - Net profit for Q3 2022 was ¥13,144,318.21, a decline of 33.5% from ¥19,650,341.80 in Q3 2021[25] - Earnings per share (EPS) for Q3 2022 was ¥0.26, down from ¥0.45 in the same period last year[26] Assets and Liabilities - Total assets at the end of the reporting period reached ¥872,568,577.76, a 60.99% increase from the previous year[5] - Total assets increased to ¥872,568,577.76, compared to ¥541,996,728.77 in the previous year, reflecting a growth of 61%[23] - Total liabilities rose to ¥199,303,342.50, up from ¥184,713,717.37, indicating an increase of 7.5%[23] - The company's equity attributable to shareholders increased to ¥679,859,802.01 from ¥359,549,971.68, representing an increase of 89%[23] Cash Flow - The company reported a net cash flow from operating activities of -¥28,265,209.93, a significant decrease of 496.64% compared to the previous year[12] - Operating cash flow for the current period is -28,265,209.93 CNY, a decrease from 7,126,220.67 CNY in the previous period, indicating a significant decline in operational performance[27] - The net increase in cash and cash equivalents for the current period is 266,311,682.48 CNY, up from 51,558,533.81 CNY in the previous period, indicating improved liquidity[28] - The ending balance of cash and cash equivalents is 320,673,984.08 CNY, significantly higher than 126,755,862.57 CNY at the end of the previous period[28] - Cash inflow from financing activities totaled 350,568,471.69 CNY, primarily from new investments and loans[28] Investments and Projects - The company experienced a 1136.46% increase in construction in progress, amounting to ¥36,785,807.27, due to investments in the Zhijiao Port construction project[9] - The company has ongoing projects in construction with ¥36,785,807.27 in progress, significantly up from ¥2,975,091.76 last year[23] - The company established a subsidiary, Changsha Jizhi Ruanxian Technology Co., Ltd., with a registered capital of ¥5 million, aiming to engage in automated production lines for flat wire motors[19] - The company is advancing its "Intelligent Acoustic Sensing System" project, having completed the development of a prototype for underwater acoustic applications[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,074[14] - The largest shareholder, Lou Rongwei, holds 32.64% of the shares, amounting to 20,366,728 shares, with 5,966,728 shares pledged[14] - The total number of shares held by the top ten shareholders with voting rights is 40.05%, indicating concentrated ownership[15] - The company has a total of 12,212,119 restricted shares at the end of the reporting period, with no shares released during the current period[18] Costs and Expenses - Total operating costs increased to ¥138,712,220.73, up from ¥137,162,126.21, with operating costs specifically at ¥80,367,779.21, down from ¥84,410,239.66[24] - Research and development expenses for Q3 2022 were ¥16,969,618.93, compared to ¥14,875,550.89 in Q3 2021, marking a growth of 14.1%[24] - The company reported a decrease in investment income, with a loss of ¥78,112.68 compared to a gain of ¥1,336,843.95 in the previous year[25] - Cash outflow for purchasing fixed assets and intangible assets was 44,597,208.59 CNY, up from 26,193,320.00 CNY, reflecting increased capital expenditures[28] Asset Management - The company reported a 439.55% increase in asset impairment losses, totaling ¥443,953.33, primarily related to inventory[10] - Accounts receivable rose to ¥51,002,134.67 from ¥44,917,302.64, indicating an increase of approximately 12.3%[21] - Inventory increased to ¥178,657,807.03 from ¥148,468,919.56, reflecting a growth of about 20.3%[21]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥94,734,681.36, a decrease of 5.79% compared to ¥100,558,445.68 in the same period last year[23]. - Net profit attributable to shareholders was ¥4,906,845.23, down 71.94% from ¥17,489,117.02 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥4,364,126.15, a decline of 66.59% compared to ¥13,060,986.34 in the previous year[23]. - The company's cash flow from operating activities was negative at -¥12,969,952.81, worsening by 451.64% from -¥2,351,175.44 in the same period last year[23]. - Total assets increased by 61.47% to ¥875,186,384.99 from ¥541,996,728.77 at the end of the previous year[23]. - Net assets attributable to shareholders rose by 85.30% to ¥666,249,722.56 from ¥359,549,971.68 at the end of the previous year[23]. - The company's operating costs were ¥54,782,237.65, down by 1.48% from ¥55,603,455.01 year-on-year[48]. - Research and development expenses increased by 7.62% to ¥10,019,682.04 from ¥9,309,980.81 in the previous year[49]. - The company achieved a gross margin of 45.47% for balancing machines and accessories, with a year-on-year decrease of 24.74%[51]. - The gross margin for automation equipment and accessories was 30.53%, reflecting a significant increase of 10.41% year-on-year[51]. Market Position and Strategy - The company has achieved a certain market position and brand recognition in the motor application field, successfully entering the automotive rotating components sector, including clutch pressure plates and assemblies[8]. - The company operates in the electric motor, home appliance, and automotive sectors, which are expected to drive future growth due to increasing demand for automation and modernization[31]. - The automotive sector's demand for automatic balancing machines is expected to exceed ¥3 billion annually, driven by the growth in automotive parts production and replacement needs[33]. - The company has expanded its customer base from home appliances and power tools to include automotive, shipping, and aerospace industries, enhancing its sustainable profitability[38]. - The company is focusing on developing high-speed balancing technology for turbines and aerospace applications, which presents significant market opportunities and reduces reliance on imported equipment[34]. - The company plans to increase the production capacity of its fully automatic balancing machine from 350 units per year to 1,530 units per year, representing a significant increase of approximately 337%[87]. - The company aims to expand its downstream application market from the motor balancing field to the automotive, pump, and fan industries, indicating a diversification strategy[87]. Research and Development - The company invested 10.58% of its operating revenue, amounting to 10.02 million yuan, in research and development, with 112 R&D personnel making up 33.04% of the total workforce[40]. - The company has developed 24 core technologies related to automatic balancing machines and holds a total of 69 patents, including 16 invention patents[42]. - The company is actively developing new products and technologies, including high-speed and semi-high-speed balancing machines, to seek new business growth points[38]. - The company has made progress in the development of an intelligent acoustic sensing system, with a prototype completed and further engineering development underway[41]. - The company is focused on continuous R&D and innovation to expand its product line and market reach, driven by a well-established technical support and innovation mechanism[45]. Financial Management and Investments - The company plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves[9]. - The company raised a total of 308.45 million yuan through the issuance of 14.4 million shares, which will enhance its R&D capabilities and overall competitiveness[41]. - The total amount of funds raised was ¥308,448,000, with a net amount of ¥301,792,905.65 after deducting issuance costs[68]. - The company has invested ¥10,494,213.84 in the "Intelligent Manufacturing Equipment" project, with a total actual investment of ¥11,368,742.14 as of the reporting period[62]. - The company plans to invest up to RMB 400 million to construct the Jizhi Port Center building, with a contract amount of RMB 275.35 million for the construction project[118]. Risks and Challenges - The company acknowledges the cyclical nature of the equipment manufacturing industry, which is closely tied to macroeconomic conditions and fixed asset investment[7]. - The company faces risks related to technological advancements that could render its current products obsolete if not addressed timely[4]. - The company is facing risks related to intensified market competition and the need for continuous innovation to maintain its market position[88]. Corporate Governance and Compliance - The company's financial report is guaranteed to be true, accurate, and complete by its board of directors and management[3]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period, reflecting a conservative investment strategy[73][74]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[94]. - The company has no significant changes in the measurement attributes of its major assets during the reporting period[59]. - The company has not encountered any major guarantees or leasing situations during the reporting period[121][120]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,468[138]. - Major shareholder Lou Rongwei held 32.64% of the shares, totaling 20,366,728 shares, with a pledge of 1,491,682 shares[138]. - The company reported a total of 26,612,119 restricted shares at the end of the reporting period, with 14,400,000 shares newly added[135]. - The company’s actual controller, Lou Rongwei, controls a total of 40.05% of the shares through his holdings and those of Hangzhou Jizhi Investment Co., Ltd.[138]. Social Responsibility - The company has actively fulfilled its social responsibilities while creating value for shareholders, ensuring timely and accurate information disclosure through various channels[98]. - The company has no reported environmental penalties during the reporting period, demonstrating compliance with environmental regulations[97].

Revenue and Profit - The company's revenue for Q1 2022 was ¥44,835,188.10, representing a 22.91% increase compared to ¥36,478,929.02 in the same period last year[4] - Net profit attributable to shareholders decreased by 16.01% to ¥3,454,078.56 from ¥4,112,559.65 year-on-year[4] - The net profit after deducting non-recurring gains and losses increased by 33.06% to ¥3,057,525.36 compared to ¥2,297,870.21 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 44,835,188.10, an increase of 23.1% compared to CNY 36,478,929.02 in the same period last year[23] - Net profit for Q1 2022 reached CNY 3,986,387.55, representing a 11.7% increase from CNY 3,569,625.98 in Q1 2021[24] - The total comprehensive income for Q1 2022 was CNY 3,986,387.55, compared to CNY 3,569,625.98 in Q1 2021, showing a growth of 11.7%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥584,018,455.15, a 7.75% increase from ¥541,996,728.77 at the end of the previous year[4] - The company's current assets reached RMB 332,315,136.41, up from RMB 298,727,765.94 at the start of the year, indicating an increase of about 11.2%[20] - Total liabilities as of Q1 2022 amounted to CNY 222,649,056.20, an increase from CNY 184,713,717.37 year-over-year[21] - Total equity attributable to shareholders of the parent company was CNY 363,004,050.24, up from CNY 359,549,971.68 in the previous year[21] Cash Flow - The net cash flow from operating activities improved by 39.31%, reaching -¥7,397,815.76 compared to -¥12,189,345.60 in the same period last year[4] - Cash inflow from operating activities was CNY 49,751,362.36, compared to CNY 45,094,754.76 in the same period last year, reflecting a growth of 5.9%[26] - The net cash flow from operating activities was -7,397,815.76 CNY, an improvement from -12,189,345.60 CNY in the previous year[27] - Cash inflow from financing activities amounted to 32,100,000.00 CNY, with no cash outflow reported for this period[27] - The ending balance of cash and cash equivalents was 65,925,658.89 CNY, a decrease from 69,000,318.50 CNY year-over-year[28] Expenses - The company's management expenses rose by 44.82% to ¥5,965,694.80 compared to ¥4,119,355.80 in the previous year, primarily due to the addition of new subsidiaries[9] - Total operating costs for Q1 2022 were CNY 41,849,203.89, up 16.7% from CNY 35,851,937.06 year-over-year[23] - Research and development expenses for Q1 2022 were CNY 4,721,271.81, compared to CNY 4,044,754.99 in Q1 2021, indicating an increase of 16.7%[23] Investments and Financing - The company plans to invest up to RMB 400 million in the construction of the Jizhi Port project, which will serve as a production site for business development[17] - The company has approved a plan to issue shares to specific investors, aiming to raise RMB 308.448 million to enhance liquidity[16] - The company reported a significant increase in construction in progress, which rose by 317.19% to ¥12,411,710.23, mainly due to investments in the Zhiji Port construction project[8] - The company recorded a total of ¥32,100,000.00 in net cash flow from financing activities, a 100% increase compared to the previous year[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,236[10] - The company reported a total of 12,212,119 shares under lock-up agreements, with specific release schedules for senior management[14] Other Financial Metrics - Earnings per share for Q1 2022 were CNY 0.07, down from CNY 0.09 in the previous year[25] - The company reported a profit before tax of CNY 4,974,988.89, which is an increase from CNY 4,530,459.91 in the same period last year[24] - The cash flow impact from exchange rate changes was -54,533.88 CNY, compared to a positive impact of 27,195.69 CNY last year[27] Miscellaneous - The company did not have an audited report for the first quarter[29] - The company received 100,000.00 CNY from investment absorption during the financing activities[27]

Financial Performance - The company's operating revenue for 2021 was ¥225,605,323.52, representing a 37.02% increase compared to ¥164,647,698.47 in 2020[26]. - Net profit attributable to shareholders for 2021 was ¥24,747,555.81, a significant increase of 94.39% from ¥12,730,866.97 in 2020[26]. - The net profit after deducting non-recurring gains and losses reached ¥20,659,988.56, marking a 792.16% increase from ¥2,315,735.55 in 2020[26]. - The company's total assets at the end of 2021 were ¥541,996,728.77, up 27.05% from ¥426,588,522.94 at the end of 2020[26]. - The diluted earnings per share for 2021 was ¥0.52, a 92.59% increase compared to ¥0.27 in 2020[26]. - The weighted average return on equity for 2021 was 7.05%, an increase of 3.30 percentage points from 3.75% in 2020[26]. - The net cash flow from operating activities for 2021 was ¥21,899,111.22, which is a 16.99% increase from ¥18,719,326.69 in 2020[26]. - The company achieved a revenue of 225.61 million yuan in 2021, representing a year-on-year growth of 37.02%[48]. - The net profit attributable to shareholders reached 24.75 million yuan, an increase of 94.39% compared to the previous year[48]. - The company's revenue from balancing machines and accessories reached ¥198.76 million, representing a year-on-year increase of 31.68%[55]. Market Position and Strategy - The company has achieved a certain market position and brand recognition in the motor application field, successfully entering the automotive rotating parts manufacturing sector, including clutch pressure plates and assemblies[12]. - The company is committed to expanding its market presence and exploring new application areas for its products, which is essential for creating new profit growth points[11]. - The company has established a solid foundation in the automatic balancing machine sector, but must remain vigilant against potential technological disruptions and competitive threats[7]. - The automotive sector is projected to have a significant demand for automatic balancing machines, with an estimated annual market demand exceeding ¥3 billion[37]. - The company aims to replace imported high-speed balancing technology, which is currently heavily reliant on foreign equipment, presenting a significant market opportunity[39]. - The company has expanded its customer base from home appliances and electric tools to industries such as automotive, shipping, and aerospace, enhancing its sustainable profitability[43]. - The company plans to enhance customer structure optimization and product promotion while increasing market development efforts to uncover new profit growth points[94]. Research and Development - The company has developed 24 core technologies related to automatic balancing machines, with a total of 63 patents granted, including 14 invention patents[44]. - The company invested 2.41 million yuan in R&D, which is 10.66% of total revenue, with 98 R&D personnel making up 30.91% of the total workforce[49]. - The company’s R&D strategy focuses on market-driven innovation, collaborating with universities and research institutions to address theoretical challenges[43]. - The company is actively engaged in the research and development of new technologies, with a focus on enhancing product efficiency and sustainability[107]. - The company is developing several new products, including a high-speed automotive generator balancing machine, aimed at entering the automotive supply chain[64]. Risks and Challenges - The company faces risks related to technological innovation and product upgrades, which are crucial for maintaining competitive advantage in the automatic balancing machine market[11]. - The company acknowledges the potential for intensified market competition, both domestically and internationally, which could adversely affect its operations if not managed properly[9]. - The equipment manufacturing industry, where the company operates, is characterized by strong cyclical fluctuations, closely tied to macroeconomic conditions and fixed asset investments[10]. - The company faces risks from intensified market competition and malicious competition, which could adversely affect its operations if not properly managed[92]. Corporate Governance and Shareholder Relations - The company has established a profit distribution policy based on the resolutions passed at the 2013 annual general meeting, which remains effective long-term[152]. - The company has committed to ensuring that shareholders, including major stakeholders, will not transfer more than 25% of their shares during their tenure as directors or senior management[150]. - The company has established measures for shareholders who violate their commitments, including public apologies and forfeiture of benefits derived from such violations[151]. - The company has a structured remuneration decision process based on profitability and performance metrics[116]. - The company has established employee stock ownership plans to align interests between management and shareholders[115]. Operational Efficiency and Internal Controls - The company has implemented a comprehensive internal control system, including an audit committee to oversee compliance and risk management[137]. - There were no significant internal control deficiencies reported during the period[138]. - The company maintained effective internal controls related to financial statements as of December 31, 2021, with no significant deficiencies identified[141]. - The company has a clear and structured compensation policy that aligns individual and team performance with overall business results[127]. Future Outlook - The company has set a future revenue guidance of 24,041 million for the upcoming fiscal year, reflecting a growth target of approximately 10%[107]. - The company plans to continuously seek opportunities for external expansion, leveraging capital market resources to accelerate industry collaboration and create new profit growth points[92]. - The company is considering strategic acquisitions to bolster its product offerings and enhance competitive advantage in the industry[107]. - The company plans to review its profit distribution policy at least every three years, incorporating feedback from shareholders, especially minority shareholders[155].

杭州集智机电股份有限公司 2021 年第三季度报告 证券代码：300553 证券简称：集智股份 公告编号：2021-081 杭州集智机电股份有限公司 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。 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 49,462,778.79 | 13.98% | 150,021,224.47 | 39.38% | | 归属于上市公司股东 的净利润（元） | 4,309,358.19 | 39.88% | 21,798,475.21 | 158.27% | | ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million CNY for the first half of 2021, representing a year-on-year growth of 25%[20]. - The company's operating revenue for the reporting period was ¥100,558,445.68, representing a 56.54% increase compared to ¥64,236,590.98 in the same period last year[27]. - Net profit attributable to shareholders was ¥17,489,117.02, a significant increase of 226.33% from ¥5,359,352.58 year-on-year[27]. - The net profit after deducting non-recurring gains and losses reached ¥13,060,986.34, up 344.15% from ¥2,940,652.95 in the previous year[27]. - The basic earnings per share increased to ¥0.36, reflecting a growth of 227.27% compared to ¥0.11 in the same period last year[27]. - The company achieved a revenue of 100.56 million yuan, representing a year-on-year growth of 56.54%, and a net profit of 17.49 million yuan, up 226.33% compared to the previous year[49]. - The company reported a total profit of ¥24,448,173.09 for the first half of 2021, compared to ¥7,615,952.73 in the first half of 2020, marking an increase of 221.5%[161]. Assets and Liabilities - The total assets of the company reached 1.2 billion CNY, with a current ratio of 1.5, indicating strong liquidity and financial stability[20]. - Total assets at the end of the reporting period were ¥468,766,770.47, marking a 9.89% increase from ¥426,588,522.94 at the end of the previous year[27]. - The company's total assets as of June 30, 2021, amounted to ¥516,198,498.18, up from ¥432,953,728.52 at the end of 2020, representing a growth of 19.2%[153]. - The company's total liabilities increased to ¥133,093,052.78 as of June 30, 2021, from ¥61,042,130.88 at the end of 2020, a rise of 118.0%[154]. Research and Development - The company plans to invest 50 million CNY in R&D for new product development and technological innovation in the next fiscal year[20]. - The R&D team consists of 82 members, accounting for 28.67% of the total workforce, with R&D expenses amounting to 9.31 million yuan, which is 16.36% of the revenue[50]. - The company has established a market-oriented R&D strategy, focusing on independent research and development while collaborating with academic institutions[36]. - The company is actively developing new products such as high-speed balancing machines and automation equipment to seek new growth points[37]. - The company has developed 24 core technologies related to fully automatic balancing machines, with 14 authorized invention patents and 33 utility model patents[45]. Market Expansion and Strategy - The company has successfully entered the automotive sector, specifically in the manufacturing of clutch pressure plates and assemblies, expanding its market presence[10]. - The company has expanded its customer base from the initial focus on the motor and home appliance sectors to include automotive, marine, and aerospace industries[37]. - The company is committed to expanding its application areas for automatic balancing machines, aiming to create new profit growth points[10]. - The company is actively exploring overseas markets to achieve stable revenue growth and mitigate risks associated with domestic competition[83]. - The company aims to expand its market presence and product applications while ensuring product quality to create new profit growth points[82]. Competition and Risks - The company faces risks from intensified market competition, with an increasing number of participants in the automatic balancing machine sector[8]. - The company emphasizes the importance of continuous technological upgrades and product improvements to maintain its competitive edge[10]. - The company has achieved a high gross margin in recent years, but potential risks such as rising labor costs and market competition could impact profitability[83]. - The company faces risks from increasing market competition and has plans to enhance R&D investment and product development to maintain its competitive edge[82]. Corporate Governance and Shareholder Relations - The company has not declared any cash dividends or stock bonuses for the current fiscal year, focusing on reinvestment for growth[11]. - The company has maintained a commitment to protecting shareholder and creditor rights, ensuring transparency in profit distribution decisions[95]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[89]. - The company held its annual general meeting with a participation rate of 58.91% on April 23, 2021, and a temporary shareholders' meeting with a participation rate of 50.17% on June 17, 2021[87]. Financial Management - The company reported a net cash flow from operating activities of -¥2,351,175.44, an improvement of 76.97% from -¥10,207,969.41 in the previous year[27]. - Investment activities generated a net cash flow of ¥7,019,250.95, a 129.07% increase from -¥24,145,940.82 in the same period last year, primarily due to the redemption of financial products[52]. - The company reported a significant increase in income tax expenses, which rose by 314.33% to ¥3,296,504.32, due to a substantial increase in taxable income compared to the previous year[52]. - The company has not reported any significant changes in the composition of its profit sources during the reporting period[52]. Future Plans - The company plans to raise 308.45 million yuan through a targeted stock issuance to strengthen its R&D capabilities and expand its business scale[50]. - The company plans to focus on poverty alleviation and rural revitalization activities in the future[97]. - The company is exploring potential mergers and acquisitions to further strengthen its market position[177]. Compliance and Reporting - The half-year financial report has not been audited[103]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results[195]. - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[192].

Financial Performance - The company's operating revenue for 2020 was ¥164,647,698.47, a decrease of 1.01% compared to ¥166,325,650.41 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥12,730,866.97, down 38.96% from ¥20,856,493.17 in 2019[23]. - The net profit after deducting non-recurring gains and losses was ¥2,315,735.55, reflecting an 86.00% decrease from ¥16,545,380.98 in 2019[23]. - The net cash flow from operating activities was ¥18,719,326.69, a decline of 12.13% compared to ¥21,303,870.05 in 2019[23]. - The total assets at the end of 2020 increased by 14.71% to ¥426,588,522.94 from ¥371,890,919.68 at the end of 2019[23]. - The company's basic earnings per share for 2020 was ¥0.27, down 37.21% from ¥0.43 in 2019[23]. - The weighted average return on equity for 2020 was 3.75%, a decrease of 2.55% from 6.30% in 2019[23]. - The company achieved total operating revenue of CNY 164.65 million in 2020, a decrease of 1.01% compared to CNY 166.33 million in 2019[49]. - The net profit attributable to the listed company was CNY 12.73 million, reflecting the impact of the COVID-19 pandemic on business operations[49]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 2 RMB per 10 shares based on a total of 48,000,000 shares[11]. - The cash dividend for the fiscal year 2020 is set at 2.0 CNY per 10 shares, totaling 9,600,000 CNY, which represents 100% of the distributable profits[105][107]. - The cash dividend payout ratio for the fiscal year 2020 is 75.41% of the net profit attributable to the parent company[109]. - The company has maintained a consistent profit distribution policy, aligning with its articles of association and shareholder resolutions[106]. - The company emphasizes a profit distribution policy prioritizing cash dividends, with a minimum of 80% for mature stages without major capital expenditures[113]. - The company aims to maintain a continuous and stable profit distribution policy, aligning with legal regulations[113]. - The company will disclose the profit distribution plan and cash dividend policy in annual and semi-annual reports, ensuring transparency and compliance with regulations[116]. Research and Development - The company has a strong focus on R&D and aims to expand into new application fields to secure stable profit sources and create new growth points[9]. - The company has a research and development team of 84 people, accounting for 31.82% of the total workforce, with R&D expenses representing 16.67% of operating revenue[50]. - Research and development expenses increased by 52.88% to ¥27,447,281.20, accounting for 16.67% of operating revenue, driven by new projects and collaborations[64][68]. - The company is focusing on technology innovation and has established a partnership with Zhijiang Laboratory for collaborative development on smart fiber sensing projects[50]. - The company has filed 15 new patents during the reporting period, including 7 invention patents and 8 utility model patents[50]. - The company holds 51 patents related to automatic balancing machines, including 14 invention patents, showcasing its technological leadership[42]. Market Position and Competition - The company has maintained a high gross margin in recent years, reflecting its leading position in the domestic industry and competitive advantages in the market[10]. - The company acknowledges potential risks of declining gross margins due to increased market competition and rising labor costs[10]. - The company faces risks related to talent retention and competition, which could impact its growth and innovation capabilities[6][8]. - The company is aware of the potential for intensified market competition and malicious competition, which could adversely affect its operations[8]. - The company has successfully entered the manufacturing field of clutch pressure plates and assemblies, indicating its strong technical capabilities and market position in the motor application sector[9]. - The company has established subsidiaries to deepen its involvement in high-speed balancing technology and automation equipment, indicating a strategic focus on expanding its market presence[35]. Talent and Human Resources - The company has cultivated a team of complementary technical talents, which is crucial for its future development and competitiveness[6]. - The company plans to continuously recruit and train high-quality talent to support its development goals, ensuring a robust talent pool for future growth[95]. - The total number of employees in the company is 264, with 163 in the parent company and 101 in major subsidiaries[188]. - The employee composition includes 85 production personnel, 56 sales personnel, 84 technical personnel, 6 financial personnel, and 33 administrative personnel[188]. - The company's compensation policy combines individual and team performance to motivate employees and retain talent[189]. Subsidiaries and Investments - The company established a wholly-owned subsidiary, Hangzhou Diting Intelligent Technology Co., Ltd., with an investment of RMB 5 million, holding 100% equity[122]. - The company also set up a controlling subsidiary, Hangzhou Yujun Intelligent Equipment Co., Ltd., with a total registered capital of RMB 4 million, where the company invested RMB 2.04 million for a 51% stake[122]. - The company has invested in three subsidiaries to enhance its industrial layout, focusing on the development and production of balancing machines and related products[94]. - The company has positioned itself in the automation production line industry through its subsidiary Hangzhou Hehui Intelligent Equipment Co., Ltd., which has developed expertise in micro-motor production lines[93]. Governance and Compliance - The company has established a robust governance structure with independent directors actively involved in various committees[185]. - The company has maintained a continuous relationship with its accounting firm, Zhonghui Certified Public Accountants, for 11 years, with an audit fee of RMB 500,000[123]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with stakeholders[195]. - The company’s governance structure aligns with the regulatory requirements set by the China Securities Regulatory Commission, with no significant discrepancies noted[196]. - Independent directors attended all board meetings and shareholder meetings, ensuring compliance with governance standards[200]. Risks and Challenges - The company faces risks related to technology talent shortages and market competition, which could impact its growth and operational stability[96][97]. - The company is experiencing increased attention from both domestic research institutions and international peers regarding its fully automatic balancing machines[8]. - The company recognizes the importance of continuous technological upgrades and product improvements to sustain its growth and market position[100].

Financial Performance - The company's revenue for Q1 2021 was ¥36,478,929.02, representing a 110.91% increase compared to ¥17,295,839.67 in the same period last year[7]. - Net profit attributable to shareholders was ¥4,112,559.65, a significant increase of 427.15% from a loss of ¥1,257,092.49 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥2,297,870.21, improving by 184.68% from a loss of ¥2,713,671.30[7]. - Basic earnings per share rose to ¥0.09, compared to a loss of ¥0.03 per share in the same period last year, marking a 400.00% increase[7]. - Total operating revenue for Q1 2021 reached ¥36,478,929.02, compared to ¥17,295,839.67 in the same period last year, indicating a significant increase[42]. - Net profit for Q1 2021 was ¥3,569,625.98, a recovery from a net loss of ¥2,190,834.28 in the previous year[44]. - The company reported total comprehensive income attributable to the parent company of CNY 4,112,559.65, compared to CNY -1,257,092.49 in the previous period[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥439,109,063.36, up 2.94% from ¥426,588,522.94 at the end of the previous year[7]. - The total liabilities increased to ¥92,917,502.77 from ¥84,436,588.33, indicating a rise of approximately 10.5%[36]. - The company's total assets as of March 31, 2021, amounted to ¥442,480,012.52, compared to ¥432,953,728.52 at the end of 2020[40]. - The total liabilities stood at ¥64,618,255.40, compared to ¥61,042,130.88 at the end of 2020, indicating a slight increase[40]. Cash Flow - The net cash flow from operating activities was -¥12,189,345.60, showing a slight improvement of 2.81% compared to -¥12,542,070.34 in the same period last year[7]. - The company's cash flow from investment activities showed a net inflow of CNY 5,965,139.65, a significant recovery from a net outflow of CNY 86,686,875.02 in the previous year[19]. - Cash inflow from operating activities totaled CNY 50,296,204.59, up 10.8% from CNY 45,515,897.18 in the previous period[54]. - Cash outflow from operating activities increased to CNY 47,487,307.84, compared to CNY 34,875,313.70 in the previous period, reflecting a rise of 36.2%[54]. - The net cash flow from investing activities was CNY 7,804,349.59, a significant recovery from a negative CNY 85,198,901.00 in the previous period[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,498[11]. - The largest shareholder, Lou Rongwei, holds 12.43% of the shares, while the second-largest shareholder, Wu Dianmei, holds 10.13%[11]. Inventory and Expenses - The company's inventory increased by 33.00% to CNY 100,860,640.95, driven by a rise in orders[18]. - The total amount of prepaid expenses rose by 129.55% to CNY 5,362,682.96, mainly due to increased advance payments to suppliers[18]. - Research and development expenses amounted to CNY 2,454,396.23, compared to CNY 2,674,704.38 in the previous period[47]. Market Position and Strategy - The company is focused on expanding its business in both domestic and international markets while adhering to its 2021 operational plan[22]. - The company plans to enhance product quality and expand application areas to uncover new profit growth points while solidifying existing customer relationships[24]. - The company has achieved a certain market position and brand recognition in the motor application field, but future growth remains uncertain due to the need for continuous technological upgrades and product improvements[23]. - The company is focused on increasing R&D investment and product development to maintain core competitiveness amid intensifying market competition[23]. Technology and Talent - The company emphasizes the importance of technology talent recruitment, primarily sourcing from top universities, and has implemented measures such as optimizing compensation structures and providing stock incentives to ensure stability among technical staff[23]. - The company has completed the development of distributed optical fiber sensing systems and AI algorithms for massive sensing signal processing in collaboration with Zhijiang Laboratory[20]. Compliance and Standards - The company has no reported violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[27][28]. - The company did not undergo an audit for the first quarter report[58]. - The company has not applied the new leasing standards for the current financial reporting period[57].

Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 2 CNY per 10 shares based on a base of 48,000,000 shares [12]. - The cash dividend for the fiscal year 2020 is set at 2.0 yuan per 10 shares, totaling 9.6 million yuan, subject to shareholder approval [110]. - The total distributable profit for the year is 113,715,874.30 yuan, with the cash dividend amounting to 9,600,000.00 yuan, representing 100% of the profit distribution [106]. - In 2020, the cash dividend accounted for 75.41% of the net profit attributable to the parent company, which was 12,730,866.97 yuan [112]. - The company has maintained a consistent profit distribution policy, ensuring compliance with its articles of association and shareholder resolutions [106]. - The company proposed not to distribute profits for the fiscal year 2019, retaining all profits for business development due to significant funding needs [105]. - The company has a profit distribution policy that prioritizes cash dividends, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures [116]. - The company plans to distribute profits at least once a year after the annual shareholders' meeting, with a minimum of 10% of the annual distributable profit allocated as cash dividends [117]. - The company commits to maintaining the continuity and stability of its profit distribution policy, ensuring that cumulative cash dividends over three consecutive years are at least 30% of the average annual distributable profit [117]. - The company will not implement cash dividends if there are significant investment plans or cash expenditures exceeding 30% of the latest audited total assets within the next twelve months [117]. - The company emphasizes the importance of maintaining shareholder rights and interests in its profit distribution strategy [116]. - The company will maintain a cash dividend ratio of no less than 20% of the total profit distribution, with cash dividends accounting for at least 10% of the distributable profit for the year [119]. - The company will retain undistributed profits primarily for significant investments, acquisitions, and equipment purchases to gradually expand its operational scale and optimize its financial structure [119]. - The independent directors are responsible for providing independent opinions on profit distribution proposals, ensuring transparency and compliance with regulations [119]. - The company will actively communicate with shareholders, especially minority shareholders, regarding cash dividend proposals through various channels [119]. Financial Performance - The company's operating revenue for 2020 was ¥164,647,698.47, a decrease of 1.01% compared to ¥166,325,650.41 in 2019 [24]. - Net profit attributable to shareholders was ¥12,730,866.97, down 38.96% from ¥20,856,493.17 in the previous year [24]. - The net profit after deducting non-recurring gains and losses was ¥2,315,735.55, reflecting an 86.00% decline from ¥16,545,380.98 in 2019 [24]. - The company's total assets increased by 14.71% to ¥426,588,522.94 at the end of 2020, compared to ¥371,890,919.68 at the end of 2019 [24]. - The basic earnings per share decreased by 37.21% to ¥0.27 from ¥0.43 in 2019 [24]. - The company reported a net cash flow from operating activities of ¥18,719,326.69, down 12.13% from ¥21,303,870.05 in 2019 [24]. - The main business revenue accounted for 87.60% of total revenue, while other business income made up 12.40% [34]. - The company has seen a 50.60% decrease in cash and a 124.33 times increase in trading financial assets, primarily due to investments in financial products [42]. - Inventory has increased by 32.08% due to a rise in unfulfilled orders, indicating growing demand for the company's products [42]. - The company reported a significant increase in sales in the home appliance sector, which helped offset declines in the automotive parts industry [50]. Research and Development - The company has cultivated a team of complementary technical talents, which is crucial for its future development and innovation [7]. - The R&D department is responsible for product innovation and collaborates with academic institutions for advanced research [35]. - The company had 84 R&D personnel, accounting for 31.82% of the total workforce, with R&D expenses representing 16.67% of total revenue [51]. - Research and development expenses increased by 52.88% to ¥27,447,281.20 in 2020, representing 16.67% of total operating revenue, driven by new projects and increased personnel costs [69]. - The company applied for 15 new patents during the reporting period, including 7 invention patents and 8 utility model patents [51]. - The company holds 51 patents related to automatic balancing machines, including 14 invention patents, showcasing its technological leadership in the industry [43]. - The company completed several R&D projects in 2020, including a five-station flexible intelligent balancing machine and a fully automatic tire balancing and detection line [67][68]. - The company is collaborating with Zhijiang Laboratory on smart fiber sensing projects to explore innovative mechanisms for technology transfer and development [51]. - The company has established a strong brand presence, successfully entering partnerships with major firms like Bosch and Valeo, enhancing its market influence [44]. Market Position and Strategy - The company has successfully entered the manufacturing field of clutch pressure plates and assemblies, achieving a certain market position and brand recognition in the motor application sector [10]. - The company focuses on the research, design, production, and sales of fully automatic balancing machines, which are widely used in various industries [34]. - The company has focused on the automotive rotating parts sector, enhancing R&D and market expansion for automatic balancing machines, which has significantly improved market competitiveness [36]. - The automatic balancing machine market in China is fully competitive, with significant growth opportunities driven by industrial transformation and automation trends [39]. - The automotive parts industry is rapidly evolving, with increasing demands for quality and process control, presenting further opportunities for the company's advanced manufacturing solutions [40]. - The company aims to respond to the "Made in China 2025" strategy by expanding into high-precision fields such as aerospace and nuclear power [93]. - The company is committed to becoming a significant player in the automation and intelligent manufacturing sectors, leveraging its accumulated resources and technology [93]. - The company plans to establish 5 new regional service centers in China and 3 overseas in India, Mexico, and Germany to enhance market presence [46]. - The company is expanding its product application areas from electric motors to automotive, pumps, and fans, which may present market expansion risks [100]. Risks and Challenges - The company faces risks related to talent retention and competition, which could impact its growth and innovation capabilities [7][9]. - The company acknowledges potential risks of declining gross margins due to increased market competition and rising labor costs [11]. - The company is aware of the increasing attention from international peers and the potential for intensified market competition [9]. - The company faces risks related to technology talent shortages and market competition, which could impact its growth and operational stability [97][98]. Corporate Governance - The company has established a governance structure that ensures equal rights for all shareholders, particularly minority shareholders, through measures like online voting [197]. - The company has a total of 6 independent directors serving on its board, ensuring diverse oversight [189]. - The independent directors' compensation is determined based on resolutions passed by the shareholders' meeting [190]. - The company has a performance-based remuneration system for its directors and senior management, which considers the company's profitability and individual performance [190]. - The company has established a strong governance structure with independent directors actively involved in decision-making [189]. - The company has made a commitment to compensate investors for losses caused by any false records or misleading statements in the prospectus [121]. Subsidiaries and Investments - The company established a wholly-owned subsidiary, Hangzhou Diting Intelligent Technology Co., Ltd., with an investment of 5 million RMB, holding 100% equity [125]. - The company also set up a joint venture, Hangzhou Yulu Intelligent Equipment Co., Ltd., with a total registered capital of 4 million RMB, where the company holds 51% equity with an investment of 204 million RMB [125]. - The company has established subsidiaries, such as Shanghai Hengwang Intelligent Technology Co., which targets high-speed balancing technology, indicating a strategic direction for future growth [36]. - The company has invested in three subsidiaries to adjust its industrial layout, focusing on the research and production of balancing machines and related products [94]. Employee Management - The total number of employees in the company is 264, with 163 in the parent company and 101 in major subsidiaries [192]. - The company has a professional composition of 85 production personnel, 56 sales personnel, 84 technical personnel, 6 financial personnel, and 33 administrative personnel [192]. - The company conducts monthly training sessions for various departments, focusing on skill development and internal knowledge transfer [194]. - The company has established a performance evaluation and incentive mechanism for senior management, ensuring transparency and compliance with legal regulations [199]. Compliance and Transparency - The company has engaged Zhonghui Certified Public Accountants for audit services, with a fee of 500,000 RMB, maintaining a continuous service period of 11 years [126]. - The company maintains a commitment to timely and accurate information disclosure, utilizing multiple channels for investor communication [200]. - The company has not reported any significant changes in the scope of consolidated financial statements compared to the previous year [125]. - The company has not reported any significant matters regarding its subsidiaries [157].