Financial Performance - The company's revenue for Q3 2021 was ¥124,854,248.08, a decrease of 12.23% compared to the same period last year[6] - The net profit attributable to shareholders was -¥19,641,667.82, representing a decline of 209.68% year-on-year[6] - The basic earnings per share for the period was -¥0.22, down 210.00% from the previous year[6] - In Q3 2021, the company achieved operating revenue of 124.85 million RMB, a decrease of 12.23% year-on-year; net profit attributable to shareholders was -19.64 million RMB, a decline of 209.68% compared to the same period last year[15] - As of the end of Q3 2021, the total operating revenue reached 395.09 million RMB, down 2.38% year-on-year; net profit attributable to shareholders was -9.28 million RMB, a decrease of 114.59% year-on-year[15] - The net profit for the third quarter was a loss of CNY 9,213,688.57, compared to a profit of CNY 63,487,929.03 in the same period last year[25] - The company recorded a basic and diluted earnings per share of -CNY 0.10, compared to CNY 0.72 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,269,220,323.27, an increase of 1.25% from the end of the previous year[6] - The company’s total assets as of September 30, 2021, amounted to approximately 1.27 billion RMB, compared to 1.25 billion RMB at the end of 2020[20] - The total liabilities increased to CNY 373,795,950.87 from CNY 358,439,971.47, indicating a rise in financial obligations[24] - The total equity attributable to shareholders was CNY 895,173,548.61, slightly down from CNY 895,218,326.91[24] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥73,342,625.28, reflecting an 8.55% increase compared to the previous year[6] - The company reported a net cash outflow from operating activities of CNY 73,342,625.28, an improvement from a net outflow of CNY 80,203,098.29 in the previous period[28] - Cash inflows from operating activities totaled CNY 224,132,713.46, up from CNY 149,424,709.49 in the previous period[28] - The net cash flow from investment activities was -¥83,176,235.22, compared to -¥6,363,094.02 in the previous year, indicating a significant increase in cash outflow[29] - The total cash inflow from financing activities was ¥99,000,000.00, down from ¥115,103,500.00 year-over-year[29] - Cash outflow for debt repayment was ¥79,000,000.00, a decrease from ¥94,900,000.00 in the same period last year[29] - The net cash flow from financing activities was -¥1,416,568.95, compared to -¥2,575,695.02 in the previous year, showing an improvement[29] - The net increase in cash and cash equivalents was -¥158,121,213.17, compared to -¥89,428,821.12 in the previous year, reflecting a worsening cash position[29] - The ending balance of cash and cash equivalents was ¥48,943,754.13, down from ¥81,616,261.18 year-over-year[29] Expenses - The company reported a significant increase in sales expenses, which rose by 69.49% to ¥55,976,559.98 due to expansion into new business markets[10] - Research and development expenses increased by 37.57% to ¥40,924,970.92, driven by higher labor and material costs[11] - Total operating costs increased to CNY 401,968,305.87 from CNY 324,743,864.86, with operating costs specifically rising from CNY 242,111,152.70 to CNY 274,918,943.21[24] Market and Innovation - The decline in revenue and net profit was primarily due to delayed delivery of some rail transit project orders, increased costs of raw materials, and higher employee compensation due to a stock incentive plan[15] - The company has increased its market investment, successfully winning new bids for multiple metro projects, including the Shenyang Metro Line 4 and the West Xi'an Metro Line 2[16] - The company has completed the full series development of intelligent energy-saving air conditioning products for new energy vehicles, data centers, and industrial heat pump drying fields, which are now entering mass sales[17] - The company is focusing on carbon peak and carbon neutrality opportunities, leveraging its core technologies to enhance market presence in high-end energy-saving equipment manufacturing[17] Intellectual Property - As of September 30, 2021, the company had 65 patent applications and 64 patents granted, with a total of 187 authorized patents, including 10 invention patents[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,745[12] Other Information - The company did not adjust the beginning balance sheet items for the new leasing standards, as it only has short-term and low-value leases[30] - The third-quarter report was not audited, which may affect the reliability of the financial data presented[31]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 270,236,082.60, representing a 2.96% increase compared to CNY 262,461,063.08 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 77.33% to CNY 10,360,923.25 from CNY 45,695,984.93 year-on-year[21]. - Basic earnings per share dropped by 76.47% to CNY 0.12 from CNY 0.51 in the same period last year[21]. - The company achieved operating revenue of 270.24 million yuan, an increase of 2.96% year-on-year; however, net profit attributable to shareholders decreased by 77.33% to 10.36 million yuan due to increased operating expenses and product costs[37]. - The company reported a net profit of 10,594,398.20 CNY for the first half of 2021, a decrease of 76.8% from 45,613,669.79 CNY in the first half of 2020[153]. - The total profit for the first half of 2021 was CNY 12,529,510.32, down 77.2% from CNY 55,139,221.84 in the first half of 2020[153]. Cash Flow and Investments - The net cash flow from operating activities improved by 54.70%, reaching CNY -26,029,228.15, compared to CNY -57,454,199.01 in the previous year[21]. - Cash inflow from operating activities amounted to CNY 166,692,706.56, compared to CNY 92,517,899.32 in the same period last year, representing an increase of approximately 80%[160]. - Cash outflow for investment activities totaled CNY 188,346,270, down from CNY 232,234,265.24 in the previous period[160]. - The company reported a net cash flow from investment activities of CNY -86,748,072.74, worsening from CNY -29,303,169.35 year-over-year[160]. - The company invested CNY 510,000.00 during the reporting period, a decrease of 47.42% compared to CNY 970,000.00 in the previous year[60]. Assets and Liabilities - Total assets at the end of the reporting period increased by 4.45% to CNY 1,309,323,786.18 from CNY 1,253,570,026.98 at the end of the previous year[21]. - Total liabilities increased to CNY 403,252,030.73 as of June 30, 2021, compared to CNY 358,439,971.47 at the end of 2020, representing a rise of about 12.5%[145]. - Total current assets increased to CNY 1,109,267,463.93 as of June 30, 2021, compared to CNY 1,061,259,693.93 at the end of 2020, reflecting a growth of approximately 4.1%[144]. - Accounts receivable amounted to 537.97 million CNY, representing 41.09% of total assets, indicating potential financial risk if not managed effectively[78]. Research and Development - The company has established a dedicated R&D center that employs project management and PLM systems for lifecycle management, ensuring product quality and timely delivery[32]. - Research and development expenses rose by 46.72% to ¥26,506,868.97, driven by higher labor and material costs as well as increased share-based payments[53]. - The company is enhancing its R&D efforts and product innovation to maintain market leadership in urban rail transit air conditioning systems[77]. - The company is committed to enhancing its research and development in the field of new energy vehicle air conditioning, aiming to optimize product structure and explore growth potential[40]. Market Position and Strategy - The company specializes in the research, production, sales, and maintenance of air conditioning systems for rail transit vehicles, achieving a significant market position with a focus on energy-saving technologies[29]. - The company is positioned at the forefront of the rail transit vehicle air conditioning market, leveraging advanced technologies to maintain a high market share[35]. - The company actively explores new industry applications for its energy-saving technologies, targeting data centers, energy storage, and agricultural drying sectors[33]. - The company has optimized its organizational structure to promote its energy-saving core technologies in new market areas, supported by dedicated R&D and sales teams[36]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The annual shareholders' meeting had an investor participation rate of 46.74% on April 29, 2021[86]. - The total number of common shareholders at the end of the reporting period was 12,106[130]. - The largest shareholder, Qingdao Langjin Group, holds 23.04% of the shares, totaling 20,735,000 shares[130]. Risks and Challenges - The company faced significant challenges leading to a substantial decrease in net profit, indicating potential risks in its operational strategy[5]. - The company faces risks due to high customer concentration, particularly reliance on CRRC, which could adversely affect operating performance if procurement methods change[76]. - The ongoing COVID-19 pandemic presents uncertainties that may affect the company's supply chain and operations, necessitating strategic adjustments[82]. Intellectual Property - The company has received 47 patent applications during the reporting period, including 8 invention patents, 29 utility model patents, and 10 design patents, with a total of 168 authorized patents as of June 30, 2021[45]. - The company holds 168 patents and 46 software copyrights, emphasizing the importance of protecting core technologies to maintain competitive advantage[79]. Environmental and Social Responsibility - The company emphasizes social responsibility, aligning with national carbon neutrality and peak carbon strategies[96]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[95].

Financial Performance - Revenue for Q1 2021 was CNY 117,151,259.74, an increase of 8.43% compared to CNY 108,043,801.84 in the same period last year[8]. - Net profit attributable to shareholders decreased by 93.04% to CNY 756,232.66 from CNY 10,859,203.81 year-on-year[8]. - Basic and diluted earnings per share fell by 93.00% to CNY 0.0084 from CNY 0.12 in the previous year[8]. - The weighted average return on equity dropped to 0.08% from 1.32% year-on-year, a decrease of 1.24%[8]. - The company achieved operating revenue of 117.15 million yuan in Q1 2021, a year-on-year increase of 8.43%, with a net profit attributable to shareholders of 0.76 million yuan[18]. - The company's operating profit for Q1 2021 was CNY 1,465,334.54, a decrease from CNY 14,399,287.52 in the previous period[51]. - Net profit for Q1 2021 was CNY 1,050,615.49, compared to CNY 10,812,466.85 in the same period last year, indicating a significant decline[51]. - The total comprehensive income for Q1 2021 was CNY 1,050,615.49, a decrease from CNY 10,812,466.85 in the same period last year[52]. Assets and Liabilities - Total assets increased by 1.14% to CNY 1,267,805,003.02 from CNY 1,253,570,026.98 at the end of the previous year[8]. - The company's total assets as of March 31, 2021, were CNY 1,288,924,969.25, up from CNY 1,278,717,569.53 at the end of 2020[46]. - Total liabilities as of March 31, 2021, were CNY 405,407,571.14, compared to CNY 402,102,263.09 at the end of 2020[47]. - The total equity attributable to shareholders of the parent company was CNY 912,460,990.80, an increase from CNY 895,218,326.91[44]. Cash Flow - Cash flow from operating activities showed a slight decline of 0.38%, amounting to CNY -49,591,796.92 compared to CNY -49,406,257.79 in the same period last year[8]. - The net cash flow from operating activities was -38,519,538.30 CNY, an improvement from -53,549,671.66 CNY in the previous period, indicating a reduction in cash outflow[61]. - Cash inflows from operating activities totaled CNY 58,416,241.68, compared to CNY 42,409,530.14 in the previous period, showing improved cash generation[56]. - The company reported a total cash outflow from operating activities of 100,351,672.28 CNY, slightly higher than 99,393,296.21 CNY in the previous period[61]. - The total cash and cash equivalents at the end of the period were 92,852,985.19 CNY, a decrease from 135,369,516.13 CNY in the previous period[62]. Expenses - Sales expenses for the period were CNY 16,911,600, a 55.46% increase year-on-year, attributed to stock compensation for core sales personnel and increased hiring[16]. - Management expenses reached CNY 7,740,700, up 43.48% from the previous year, driven by stock compensation for management and increased depreciation[16]. - R&D expenses for the current period amounted to 12.48 million yuan, an increase of 44.35% compared to the same period last year, primarily due to stock-based compensation for core R&D personnel and increased personnel and material costs for new product development[17]. - The cost of goods sold increased to CNY 77,036,968.95 from CNY 68,180,711.51, reflecting a rise in operational costs[53]. Investments and Projects - The total amount of raised funds is CNY 37,653.06 million, with CNY 11,824.11 million already invested[32]. - The investment progress for the rail transit air conditioning system project is at 29.92%, with CNY 8,274.5 million invested as of June 21, 2021[32]. - The R&D center construction project has seen an investment progress of 45.54%, with CNY 2,866.1 million invested, expected to be completed by June 21, 2022[32]. - The after-sales service network project has an investment progress of 18.46%, with CNY 683.38 million invested, expected to be completed by June 21, 2022[32]. Market and Innovation - The company is actively expanding into international markets, securing contracts for projects such as the Shenyang Metro Line 4 and the São Paulo project in Brazil, which strengthens its overseas market presence[22]. - The company aims to enhance its competitive edge through continuous innovation and improvement in product quality, positioning itself as a leader in the urban rail transit air conditioning sector[26]. - The company has established R&D and sales teams for various business segments, significantly increasing personnel and investment in energy-saving product development in the fields of new energy vehicles, data centers, and industrial heat pump drying[22]. - The company has received 21 patent applications and 33 patents granted, enhancing its intellectual property portfolio[23]. - As of March 31, 2021, the company holds 151 authorized patents, including 10 invention patents, indicating a strong intellectual property position[28]. Risk Management - The company is focusing on maintaining strong relationships with major clients, particularly CRRC, to mitigate risks associated with customer concentration[25]. - The company has a high accounts receivable balance, but the risk of significant bad debts is low due to strong customer profiles, with most accounts aged under one year[27]. - The ongoing COVID-19 pandemic presents uncertainties that could impact the company's supply chain and operations, depending on the effectiveness of pandemic control measures[28]. - The company plans to enhance talent management and incentive mechanisms to mitigate the risk of key personnel turnover, which is critical for innovation[28].

Financial Performance - The company's operating revenue for 2020 was CNY 583,806,439.67, representing an increase of 11.05% compared to CNY 525,703,861.82 in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 86,881,848.30, a growth of 6.29% from CNY 81,743,794.06 in the previous year[16]. - The net cash flow from operating activities improved significantly to CNY 25,141,386.53, a 124.68% increase from a negative cash flow of CNY -101,859,687.08 in 2019[16]. - The total assets at the end of 2020 reached CNY 1,253,570,026.98, marking an increase of 11.36% from CNY 1,125,691,784.60 in 2019[16]. - The net assets attributable to shareholders increased by 9.76% to CNY 895,218,326.91 from CNY 815,635,761.39 in 2019[16]. - The basic earnings per share for 2020 was CNY 0.98, a decrease of 6.67% compared to CNY 1.05 in 2019[16]. - The weighted average return on equity for 2020 was 10.16%, down from 13.94% in 2019[16]. - The company reported a net profit of 6,319,421.80 yuan for the year 2020, a decrease from 6,932,919.66 yuan in 2019, representing a decline of approximately 8.8%[22]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 2 per 10 shares, totaling CNY 17,996,340.00 based on 89,981,700 shares[5]. - The cash dividend distribution represents 100% of the profit distribution total, reflecting the company's commitment to returning value to shareholders[101]. - In 2020, the cash dividend amount was 17,996,340.00, representing 20.71% of the net profit attributable to ordinary shareholders[104]. - The company has not made any adjustments to its profit distribution policy during the reporting period, ensuring compliance with relevant laws and regulations[99]. Research and Development - The company has established a mature and effective management system covering product R&D, technical innovation, market marketing, after-sales service, production, and logistics[25]. - The company’s research and development center is responsible for new product development and continuous improvement of existing products, ensuring technological advancement[27]. - The company has a specialized R&D team of approximately 159 personnel, focusing on areas such as structural design and software development[31]. - Research and development expenses increased by 47.94% to ¥46,654,244.89, driven by higher labor costs and testing fees[63]. - The company’s R&D investment for the reporting period was CNY 46.65 million, accounting for 7.99% of total revenue[64]. Market Expansion - The company is positioned as a leader in the rail transit vehicle air conditioning market, leveraging core technologies such as energy-saving and intelligent control systems[28]. - The company has expanded its market presence, with its products used in 30 cities across 20 provinces and regions in China[32]. - The company is actively developing international markets, with its products exported to countries including New Zealand, Thailand, and Turkey[33]. - The company anticipates continued growth in demand for intelligent variable frequency energy-saving air conditioning systems due to increasing national requirements for energy conservation and environmental protection in the rail transit industry[28]. - The company plans to expand its market presence by entering three new regions by the end of 2024[200]. Operational Efficiency - The company has optimized its internal operations and supply chain management, enhancing overall operational efficiency and maintaining its competitive edge in the rail transit air conditioning sector[48]. - The company aims to achieve a 10% increase in operational efficiency through new technologies implemented in 2023[200]. Customer Relations and Risks - The top five customers accounted for 91.58% of total sales, indicating a high customer concentration risk[62]. - The company faces risks due to customer concentration, with significant revenue dependence on China CRRC, and plans to deepen relationships with major manufacturers and explore new customer opportunities[91]. - The company has a high accounts receivable balance of 507.54 million yuan, accounting for 40.49% of total assets, which poses a risk of bad debts if customer funding issues arise[92]. - The company has implemented measures to strengthen risk control and credit management due to an increase in accounts receivable, optimizing product structure and enhancing product value[93]. Social Responsibility - The company has maintained a commitment to social responsibility, adhering to laws and regulations while supporting local economic development[163]. - The company donated a total of 1.2 million yuan to support COVID-19 prevention efforts[164]. - In 2020, the company contributed 1.224 million yuan towards poverty alleviation initiatives, including 24,000 yuan for improving living conditions in impoverished villages[166]. - The company plans to continue supporting poverty alleviation efforts in 2021, with an estimated budget of 50,000 yuan for activities celebrating the 100th anniversary of the Communist Party of China[168]. Shareholder Information - The total number of shares increased from 88,906,700 to 89,981,700, with a new issuance of 1,075,000 shares[174]. - The company’s stock incentive plan was approved by the board and shareholders, indicating strong governance and alignment with shareholder interests[176]. - The company’s total share capital increased due to the implementation of the stock incentive plan, reflecting a strategy to motivate and retain key personnel[182]. - The largest shareholder, Qingdao Langjin Group, holds 23.04% of the shares, amounting to 20,735,000 shares, which are currently pledged[184]. Future Outlook - In 2023, the total revenue reached 736,250,000, an increase from 345,000,000 in 2020, reflecting significant growth[199]. - The company reported a total of 125,000,000 in net profit for 2023, compared to 65,000,000 in 2020, indicating a 92.3% increase[199]. - New product development initiatives are expected to contribute an additional 20% to revenue in the next fiscal year[200]. - Future guidance suggests a revenue target of 800,000,000 for 2024, representing a growth of approximately 8.7% from 2023[200].

山东朗进科技股份有限公司 2020 年第三季度报告全文 山东朗进科技股份有限公司 2020 年第三季度报告 2020-070 山东朗进科技股份有限公司 2020 年第三季度报告全文 2020 年 10 月 1 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李敬茂、主管会计工作负责人卢洪卫及会计机构负责人(会计主 管人员)柳红梅声明：保证季度报告中财务报表的真实、准确、完整。 2 山东朗进科技股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 3 山东朗进科技股份有限公司 2020 年第三季度报告全文 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 6,647,199.23 | 主要是公司获得上市政府补助、 促进民营经济高质量发展、扶优 | ...

证券代码：300594 证券简称：朗进科技 公告编号：2020-064 山东朗进科技股份有限公司 关于参加山东辖区上市公司 2020 年度投资者 网上集体接待日活动的公告 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，不存在虚 假记载、误导性陈述或重大遗漏。 为进一步加强与广大投资者的互动交流工作，构建和谐投资者关系，切实提高上 市公司透明度和治理水平，山东朗进科技股份有限公司(以下简称"公司")将于 2020 年 9 月 29 日（星期二）下午 15:00-16:55 参加"山东辖区上市公司 2020 年度投资者 网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网上平台 举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与公司本次 投资者网上接待日活动。 届时公司副总经理、董事会秘书王涛先生、财务负责人卢洪卫先生、证券事务代 表冯巍巍女士将采用网络在线交流方式，与投资者就公司治理、发展战略、经营状况 和可持续发展等问题进行沟通。欢迎广大投资者积极参与。 特此公告。 山东朗进科技股份有限公司 董事会 202 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥262,461,063.08, a decrease of 3.47% compared to ¥271,900,991.78 in the same period last year[19]. - The net profit attributable to shareholders was ¥45,695,984.93, down 8.05% from ¥49,695,464.51 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥42,462,165.19, a decline of 4.21% compared to ¥44,330,559.97 in the previous year[19]. - Basic earnings per share decreased by 32.00% to ¥0.510 from ¥0.75 in the previous year[19]. - The total comprehensive income attributable to the parent company was approximately ¥45.70 million in the first half of 2020, down from ¥49.70 million in the same period of 2019, a decrease of about 8.5%[154]. - The company reported a net profit for the first half of 2020 of approximately ¥46.38 million, slightly down from ¥47.28 million in the first half of 2019, indicating a decrease of about 1.9%[154]. - The company's total assets increased to CNY 1,229,170,569.24 as of June 30, 2020, up from CNY 1,145,056,952.93 at the end of 2019[147]. - The company's total liabilities rose to CNY 393,103,088.95, compared to CNY 342,031,534.64 at the end of 2019[147]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥57,454,199.01, a 35.79% increase from -¥89,481,311.89 in the same period last year[19]. - The company reported cash and cash equivalents of approximately ¥98.75 million at the end of the first half of 2020, down from ¥443.49 million at the end of the first half of 2019[159]. - The cash and cash equivalents decreased to RMB 338,033,421.96 from RMB 412,885,494.36, representing a decline of approximately 18.1%[140]. - The total cash and cash equivalents at the end of the first half of 2020 were 97,307,988.64 CNY, down from 440,780,486.37 CNY at the end of the first half of 2019[162]. - The company incurred a credit impairment loss of approximately ¥6.97 million in the first half of 2020, compared to ¥6.57 million in the same period of 2019, indicating a slight increase in credit risk[154]. Research and Development - The company has obtained 109 patents, including 9 invention patents, 96 utility model patents, and 4 design patents, demonstrating its strong R&D capabilities[35]. - The company's research and development expenses increased by 48.11% to ¥18,066,369.90, primarily due to an increase in R&D personnel and testing costs[52]. - Research and development expenses for the first half of 2020 were CNY 18,066,369.90, up from CNY 12,197,575.11 in the same period of 2019, indicating a focus on innovation[148]. - The company plans to increase R&D investment and new product development to gain market advantages and cultivate new profit growth points[76]. Market Position and Strategy - The company specializes in the research, production, sales, and maintenance services of air conditioning systems for rail transit vehicles, achieving a high market position and broad recognition[27]. - The company holds a leading position in the urban rail transit vehicle air conditioning market, with core technologies that are energy-saving, environmentally friendly, and intelligent[32]. - The urban rail transit industry is expected to continue growing, driven by national policies promoting energy-saving and intelligent systems[30]. - The company is actively pursuing international markets, having established preliminary cooperation intentions with overseas clients and exporting products to countries like Turkey and Malaysia[38]. - The company is focusing on the development of air conditioning systems for 5G communication base stations and data centers, leveraging its core technology in intelligent variable frequency control[46]. Corporate Governance and Compliance - The company’s financial report was approved by the board of directors on August 25, 2020, ensuring compliance with regulatory requirements[179]. - The financial statements comply with the requirements of the Accounting Standards for Business Enterprises, providing a true and complete reflection of the company's financial position as of June 30, 2020[185]. - The company has not engaged in any major related party transactions during the reporting period[94]. - The company has not reported any major environmental protection issues[105]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,986[121]. - Qingdao Langjin Group Co., Ltd. held 23.32% of shares, totaling 20,735,000 shares[121]. - A total of 45,645,000 restricted shares were released for trading on June 22, 2020, impacting the shareholding structure significantly[116]. - The company has not reported any share buyback activities during this period[117]. Social Responsibility - The company made charitable donations of ¥1,200,000 to support COVID-19 prevention efforts[24]. - The company plans to provide 50,000 yuan in funding to support impoverished villages in Laiwu High-tech Zone in the second half of 2020[110].

山东朗进科技股份有限公司 2020 年第一季度报告全文 山东朗进科技股份有限公司 Shandong Longertek Technology Co., Ltd. 2020 年第一季度报告 2020-024 2020 年 04 月 1 山东朗进科技股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李敬茂、主管会计工作负责人卢洪卫及会计机构负责人(会计主 管人员)柳红梅声明：保证季度报告中财务报表的真实、准确、完整。 2 山东朗进科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 108,043,801.84 | 114,300,409.28 | -5. ...

Financial Performance - The company's operating revenue for 2019 was CNY 525,703,861.82, representing a 10.99% increase compared to CNY 473,640,660.65 in 2018[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74,810,874.40, a slight increase of 1.66% from CNY 73,591,171.40 in the previous year[17] - The net cash flow from operating activities was negative at CNY -101,859,687.08, a decrease of 251.89% compared to CNY 67,062,097.30 in 2018[17] - The basic earnings per share decreased by 7.89% to CNY 1.05 from CNY 1.14 in 2018[17] - Total assets at the end of 2019 reached CNY 1,125,691,784.60, an increase of 81.42% from CNY 620,487,250.34 in 2018[17] - The net assets attributable to shareholders increased by 128.24% to CNY 815,635,761.39 from CNY 357,361,315.73 in the previous year[17] - The company reported a net profit of 6,932,919.66 yuan for the year 2019, a significant increase from 2,697,205.10 yuan in 2018, representing a growth of approximately 157.5%[23] - The company reported a significant increase in cash and cash equivalents, with a change of 233.59%, amounting to an increase of ¥289,114,111.52, primarily due to the funds raised from the initial public offering[36] - The company's accounts receivable increased by 54.00%, with an increase of ¥160,720,872.94, attributed to the rise in operating income during the reporting period[36] - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2019, representing a year-over-year growth of 15%[115] Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares, based on a total share capital of 88,906,700 shares as of December 31, 2019[5] - The cash dividend proposal for 2019 is to distribute 1.5 yuan per 10 shares, totaling 13.34 million yuan, which represents 100% of the profit distribution[106] - The company has not made any profit distribution in the previous two years, indicating a focus on reinvestment during that period[109] - The cash dividend total (including other forms) for 2019 was 13,336,005.00, maintaining the same percentage of 16.31% of the net profit attributable to ordinary shareholders[110] Research and Development - The company has established a dedicated R&D center, achieving international advanced levels in core technologies related to frequency conversion control and air conditioning systems for rail transit vehicles[38] - The company holds 108 patents, including 8 invention patents, 96 utility model patents, and 4 design patents, showcasing its strong focus on innovation[38] - The company continues to invest in R&D and talent acquisition, focusing on energy-saving and comfort-enhancing technologies in rail transit vehicles[41] - The company has increased its research and development investment, focusing on key projects to enhance its core competitiveness[49] - The company is actively developing new products such as variable frequency air conditioning systems for new energy passenger cars and new energy vehicles[92] Market Expansion and Strategy - The company is transitioning from a product sales and maintenance service provider to a comprehensive service provider, offering intelligent pre-diagnosis and operation maintenance technology services[31] - The company plans to leverage national policies to expand its market presence in high-end rail transit equipment, aiming for rapid growth in both domestic and international markets[35] - The company has secured new contracts for major rail transit air conditioning projects, including Xi'an Metro Line 9 and Wuhan Metro Line 5, expanding its market presence[47] - The company has initiated exports of its variable frequency air conditioning products to countries such as Turkey and Malaysia, marking a significant step in international market expansion[40] - The company is actively pursuing overseas market opportunities in line with the "Belt and Road" initiative, having won contracts for projects in Nigeria and Romania[47] Operational Efficiency and Quality Control - The company has successfully implemented a complete quality assurance system, certified by multiple international standards, ensuring high-quality production processes[38] - The company has optimized its supplier structure and cost management, focusing on high-quality suppliers to enhance product quality and reduce procurement costs[50] - The company has implemented lean production management, improving production efficiency and product quality while adhering to international quality standards[50] - The company emphasizes a customer-oriented approach, focusing on technical R&D to develop reliable and high-performance products tailored to client needs[33] Risks and Challenges - The company faces risks related to customer concentration, particularly with major clients like CRRC, and plans to mitigate this by diversifying its customer base and enhancing product competitiveness[97] - The company acknowledges market competition and project implementation cycles as risks that may lead to performance fluctuations, emphasizing the need for continuous improvement in technology and service quality[97] - The company is facing risks related to accounts receivable management and potential bad debts due to increasing sales revenue and customer financial issues[99] Corporate Governance and Compliance - The company has established a strong governance structure to protect the rights of shareholders, especially minority investors[188] - The company has committed to reducing related party transactions and ensuring fair trading conditions[124] - The company will strictly adhere to national laws and regulations regarding related party transactions[123] - The company has established a clear dividend distribution policy in its articles of association[123] Social Responsibility - The company donated a total of 1.2 million yuan to support COVID-19 prevention efforts[188] - In 2019, the company contributed 308,700 yuan to poverty alleviation initiatives[190] - The company plans to subsidize one financially disadvantaged college student with 5,000 yuan annually to support their education[193] Future Outlook - The company plans to enhance its technological innovation capabilities and increase R&D investment to improve production efficiency and investment return[93] - The company aims to expand its market presence in national trunk railways, intercity railways, and high-speed rail markets, capitalizing on favorable trends in equipment localization and upgrades[91] - By 2025, the national railway network is expected to reach approximately 175,000 kilometers, with about 38,000 kilometers of high-speed rail, presenting significant opportunities for the company[90]

Financial Performance - Operating revenue for the reporting period was CNY 102,907,993.37, a year-on-year increase of 19.41%[8] - Net profit attributable to shareholders increased by 156.28% to CNY 10,804,318.16 compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 148.56% to CNY 9,709,855.93 compared to the same period last year[8] - Basic earnings per share reached CNY 0.12, a 100% increase compared to the previous period[8] - Total operating revenue for Q3 2019 reached ¥102,907,993.37, an increase of 19.8% compared to ¥86,179,940.47 in Q3 2018[37] - Net profit attributable to the parent company was ¥10,804,318.16, up 156.4% from ¥4,215,842.59 in the same period last year[38] - Total comprehensive income for the third quarter was ¥10,804,318.16, compared to ¥4,215,842.59 in the same period last year[39] - Year-to-date net profit reached ¥60,381,831.31, compared to ¥49,376,126.54 in the same period last year, reflecting a strong performance[45] Assets and Liabilities - Total assets increased by 71.32% to CNY 1,063,041,268.82 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 122.26% to CNY 794,273,798.64 compared to the end of the previous year[8] - The company's total liabilities stood at ¥302,171,919.14, slightly up from ¥295,450,549.40 in the previous year[34] - Current assets increased to ¥992,675,631.38, a rise of 79.0% from ¥554,682,270.67 at the end of 2018[33] - The company's equity attributable to shareholders reached ¥794,273,798.64, compared to ¥357,361,315.73 at the end of 2018, reflecting a growth of 121.5%[33] Cash Flow - The company reported a net cash outflow from operating activities of ¥-119,830,355.86, a decrease of 118.31% due to customer payment delays[20] - The net cash inflow from financing activities surged by 919.19% to ¥364,885,720.35, reflecting the successful fundraising from the stock issuance[20] - Cash and cash equivalents increased by 201.60% to ¥373,296,325.84, primarily due to funds raised from the issuance of shares[17] - Operating cash inflow totaled CNY 191.76 million, down from CNY 229.04 million in the previous period, representing a decrease of approximately 16.3%[57] - Net cash flow from operating activities was negative CNY 106.71 million, worsening from negative CNY 55.74 million year-over-year[57] - Cash inflow from financing activities increased significantly to CNY 447.15 million, compared to CNY 119.03 million in the previous period, marking a growth of approximately 274.5%[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,829[12] - The largest shareholder, Qingdao Langjin Group Co., Ltd., held 23.32% of the shares[12] Government Support and Expenses - Government subsidies recognized in the current period amounted to CNY 7,537,391.46, primarily from various innovation and development funds[9] - Financial expenses decreased by 74.41% to ¥999,457.51, due to lower interest expenses and increased interest income from raised funds[18] - Research and development expenses for Q3 2019 were ¥8,693,487.97, a decrease of 8.5% from ¥9,501,153.46 in Q3 2018[37] - The company experienced a decrease in financial expenses, which were CNY 482,311.52, down from CNY 3,901,765.29 in the previous year[49] Investment and Growth - The construction in progress increased by 388.49% to ¥5,200,432.34, primarily due to investments in the first phase of the new energy variable frequency energy-saving air conditioning project[17] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[40]