Capital Structure and Shareholder Information - The registered capital of Foshan Golden Milky Way Intelligent Equipment Co., Ltd. is CNY 74.68 million[10]. - As of June 30, 2021, the total share capital is 74,685,686 shares, with 24.19% being restricted shares[11]. - The top shareholder, Zhang Qifa, holds 19.39% of the shares, amounting to 14,483,837 shares[13]. - The company has a total of 10 major shareholders, with the top three holding a combined 41.68% of the shares[12]. - The company plans to issue 7.15 million shares, not exceeding 30% of the total share capital prior to the issuance[43]. - The issuance price is set at 14.99 RMB per share, adjusted from an initial price of 15.01 RMB due to a cash dividend distribution[43]. - The shares subscribed by the specific investor will be subject to an 18-month lock-up period post-issuance[43]. - The largest shareholder holds 19.39% of the company's shares, leading to potential decision-making inefficiencies due to dispersed ownership[83]. - The actual controller has pledged 700,000 shares, representing 48.33% of his holdings, which poses a risk of control instability if market conditions worsen[84]. Financial Performance - As of June 30, 2021, the total assets amounted to ¥173,313.08 million, an increase of 17.9% compared to ¥146,989.54 million on December 31, 2020[16]. - The total liabilities reached ¥120,101.78 million, reflecting a 27.3% increase from ¥94,325.20 million as of December 31, 2020[16]. - The net profit attributable to shareholders for the first half of 2021 was ¥711.00 million, down 44.2% from ¥1,274.09 million in 2020[17]. - The operating revenue for the first half of 2021 was ¥41,509.73 million, a decrease of 30.1% compared to ¥59,418.08 million in 2020[17]. - The cash flow from operating activities for the first half of 2021 was negative at -¥3,422.10 million, compared to a positive ¥9,950.30 million in 2020[17]. - The basic earnings per share for the first half of 2021 was ¥0.10, down from ¥0.17 in 2020[20]. - The company reported a net loss of 18.91 million yuan and 16.71 million yuan for its subsidiary Jiangxi Andeli High-tech Co., Ltd. in the most recent reporting period[75]. - In 2020, the company's revenue decreased by 0.90% year-on-year, and net profit declined by 69.25%, primarily due to the impact of the COVID-19 pandemic and seasonal factors[66]. Fundraising and Use of Proceeds - The company raised a net amount of CNY 17,330.60 million from its initial public offering in February 2017[14]. - The total amount of funds raised from the issuance of shares is not to exceed 107.1785 million yuan, with 50 million yuan allocated for repaying bank loans and 57.1785 million yuan for supplementing working capital[52]. - The funds raised will be used in compliance with national industrial policies and will not adversely affect the company's independence in operations[50]. - The fundraising will alleviate cash flow pressure from daily operational needs, enhancing overall cash flow conditions[89]. - The company anticipates that the issuance of new shares will dilute earnings per share in the short term, despite plans to enhance operational scale and profitability[85]. Compliance and Regulatory Matters - The company is committed to compliance with relevant laws and regulations in its securities issuance process[4]. - The internal review committee unanimously approved the application materials for the stock issuance project on June 21, 2021, confirming compliance with relevant laws and regulations[34]. - The second extraordinary general meeting of shareholders on May 31, 2021, approved the stock issuance plan and related matters, ensuring compliance with legal requirements[39][40]. - The company guarantees that all relevant documents do not contain false records, misleading statements, or significant omissions[36]. - The company has not been subject to any regulatory measures or penalties from securities regulators in the past five years[60]. Market and Operational Risks - The company faces risks from fluctuating raw material prices, which could adversely affect profitability if market conditions change[67]. - The company is at risk of intensified market competition in the automation production equipment sector, particularly for organic silicon and lithium battery products[70]. - Changes in national policies regarding the new energy vehicle industry could impact the demand for battery equipment, affecting sales and revenue[69]. - The company is investing in new product and technology development to maintain market leadership and respond to increasing production process demands from downstream industries[71]. Research and Development - The company's R&D expenses accounted for 4.64% of operating revenue in the first half of 2021, down from 5.84% in 2020[19]. - The company plans to expand its product applications into chemical, coating, pharmaceutical, food, and biochemical fields to drive long-term growth[71]. - The depreciation from previous fundraising projects accounted for 41.63% of the total profit in 2020, but the company expects this impact to decrease as order conditions improve and production capacity is gradually released[82]. Internal Review and Project Management - The internal review process for the sponsorship project includes three stages: project initiation, management and quality control, and internal review[29][30][31]. - The internal review department is responsible for dynamic tracking and management throughout the project execution process to enhance project quality[30]. - The internal review process includes on-site verification for initial public offerings and selective verification for refinancing projects[32]. - The quality control report will highlight any issues or concerns for discussion in the internal review meeting[33]. - The internal review committee's approval is a prerequisite for submitting the application to the China Securities Regulatory Commission or the stock exchange[33].

Company Overview - The registered capital of Foshan Golden Milky Way Intelligent Equipment Co., Ltd. is RMB 74.68 million[6]. - The company has provided production equipment and technical solutions to over 300 clients, covering major lithium battery and silicone rubber production enterprises in China[8]. - The company’s main business includes the R&D, design, manufacturing, and sales of automation production equipment for various industries[7]. - The company is recognized as a key high-tech enterprise under the National Torch Program[8]. Patents and Technology - As of June 30, 2021, the company holds 36 invention patents, 166 utility model patents, and 22 design patents[8]. - The company’s core technologies are all self-developed, with a focus on integrated innovation and batch production capabilities[10]. - The company has developed a fully automatic continuous production line for lithium battery electrode manufacturing, enhancing its market position in this sector[8]. - The company has successfully applied its technology in the lithium battery industry, achieving continuous production for lithium battery slurry[8]. Financial Performance - The company's total revenue for the first half of 2021 was CNY 41,509.73 million, a decrease from CNY 59,418.08 million in 2020[18]. - The net profit attributable to shareholders for the first half of 2021 was CNY 711.00 million, down from CNY 1,274.09 million in the same period of 2020[18]. - R&D expenses for the first half of 2021 were CNY 1,926.96 million, accounting for 4.64% of total revenue, compared to 5.84% in 2020[16][18]. - The company’s revenue in 2020 decreased by 0.90% year-on-year, while net profit fell by 69.25% due to the impact of COVID-19 and other factors[25]. Assets and Liabilities - The company had a total asset value of CNY 173,313.08 million as of June 30, 2021, an increase from CNY 146,989.54 million at the end of 2020[19]. - The total liabilities amounted to CNY 120,101.78 million as of June 30, 2021, compared to CNY 94,325.20 million at the end of 2020[19]. - The company's asset-liability ratio increased to 62.25% as of June 30, 2021, from 55.34% at the end of 2020[20]. - As of June 30, 2021, the company's interest-bearing liabilities amounted to CNY 775.18 million, with short-term borrowings and non-current liabilities due within one year totaling CNY 438.18 million, indicating a significant debt scale[37]. Research and Development - The company's R&D team consisted of 86 technical personnel, representing 10.41% of the total workforce as of June 30, 2021[13]. - The company has maintained a rising trend in R&D expenses over the reporting period, with figures of CNY 3,390.99 million, CNY 3,196.55 million, and CNY 3,468.47 million in previous years[16]. - The company aims to enhance product reliability and reduce failure rates through effective product design and R&D processes[12]. - The core technical team includes four key personnel with extensive experience in R&D and industry technology[14]. Market and Competition - The company anticipates a lower risk of performance decline in 2021 due to improved order conditions since the second half of 2020[25]. - The company is at risk of intensified market competition in the automation production equipment sector, which may impact future profitability[28]. - The company faces risks from fluctuating raw material prices, which could adversely affect profitability due to high direct material costs[26]. - The company has maintained stable relationships with suppliers, but economic changes could lead to significant fluctuations in raw material prices[26]. Future Plans and Investments - The company plans to expand its product applications into chemical, coating, pharmaceutical, food, and biochemical fields to drive long-term growth[29]. - The company is investing in new technology and product development to maintain its market leadership and respond to increasing demands from downstream industries[29]. Shareholder and Capital Management - The actual controller holds 19.39% of the company's shares, with 700,000 shares pledged as collateral, representing a pledge ratio of 48.33%[35]. - The company plans to raise up to CNY 107.18 million through a private placement, with CNY 50 million allocated for repaying bank loans and CNY 57.18 million for supplementing working capital[53]. - The issuance price for the new shares is set at CNY 15.01 per share, adjusted to CNY 14.99 per share after a cash dividend distribution[50]. - The company’s net asset return rate may decline and immediate returns could be diluted due to the increase in share capital from the issuance[43]. Risks and Compliance - The company has a risk of tax policy changes affecting its software industry VAT refunds and high-tech enterprise income tax reductions, which could negatively impact its operating performance[41]. - The company’s inventory at the end of the reporting period poses a risk of impairment if there are significant delays or defaults in downstream customer projects[38]. - The company’s ability to recover accounts receivable may be adversely affected if customer credit conditions deteriorate, leading to potential negative impacts on performance[39]. - The company is required to enhance internal controls to prevent directors and senior management from harming its interests, in accordance with relevant laws and regulations[69]. Underwriting and Regulatory Compliance - The underwriting institution is Minsheng Securities Co., Ltd.[58]. - The designated sponsor representatives are Wang Leilei and Guo Lili, with over ten years of experience in investment banking[58]. - The issuer's board approved the specific stock issuance plan on May 13, 2021, and the second extraordinary general meeting on May 31, 2021[63][64]. - The underwriting institution conducted due diligence and confirmed the issuer's compliance with relevant regulations[67].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 415,097,333.68, representing a 121.81% increase compared to CNY 187,141,715.85 in the same period last year[21]. - The net profit attributable to shareholders was CNY 7,110,006.18, a significant turnaround from a loss of CNY 12,211,816.15 in the previous year, marking a 158.22% improvement[21]. - The net profit after deducting non-recurring gains and losses was CNY 2,110,297.32, compared to a loss of CNY 17,034,719.49 last year, reflecting a 112.39% increase[21]. - The company's total assets increased by 17.91% to CNY 1,733,130,774.28 from CNY 1,469,895,412.50 at the end of the previous year[21]. - The net assets attributable to shareholders rose to CNY 532,112,948.17, a 1.04% increase from CNY 526,643,435.99 at the end of the previous year[21]. - The basic earnings per share improved to CNY 0.0952 from a loss of CNY 0.1635, representing a 158.23% increase[21]. - The weighted average return on net assets was 1.34%, up 3.86% from -2.52% in the same period last year[21]. - The net cash flow from operating activities was negative at CNY -34,221,017.75, worsening by 287.81% compared to CNY -8,824,262.13 in the previous year[21]. Market and Product Development - The company specializes in manufacturing specialized equipment and chemical products, focusing on organic silicon production equipment and lithium battery production equipment[28]. - The company is focused on expanding its market presence in the lithium battery sector, which is experiencing rapid growth[28]. - The company is committed to continuous innovation in product development to meet the evolving demands of the lithium battery industry[28]. - The company aims to leverage its technological advancements to capture a larger share of the lithium battery and silicone product markets[30]. - The company has developed a high-precision roller press machine for lithium battery electrodes, enhancing material density through continuous rolling processes[30]. - The company has developed a fully automated continuous production line that has been adopted by over 20 major domestic organic silicon rubber manufacturers, significantly enhancing production capacity and product quality[42]. Research and Development - Research and development investment reached CNY 19,269,587.62, up 27.27% from CNY 15,140,827.25, indicating a commitment to innovation[52]. - The company has developed a series of automated control systems, enhancing the intelligence level of its products, with 38 software copyrights obtained for various monitoring systems[50]. - The company's R&D process includes both order-based product design and new product development, ensuring alignment with customer requirements and market trends[33]. - The company holds 36 invention patents, 166 utility model patents, and 22 design patents, showcasing its commitment to technological innovation and industry leadership[48]. Risks and Challenges - The company faces various risks including accounts receivable bad debt risk and fluctuations in raw material prices, which may impact future performance[5]. - The company faces risks from macroeconomic fluctuations, which could negatively impact the demand for products in the organic silicon and lithium battery sectors[91]. - Changes in national policies regarding the new energy vehicle industry may impact the demand for lithium battery production equipment[94]. - The ongoing pandemic has led to cautious recovery in downstream enterprises' expansion needs, impacting the company's business operations[79]. Operational Efficiency - The company emphasizes cost control to ensure stable operational performance amid market uncertainties[79]. - The production model for lithium battery equipment is based on sales orders, allowing for a flexible production schedule tailored to customer requirements[35]. - The company has established stable supplier relationships, ensuring a supply of materials from 3-4 suppliers for each type of material to mitigate risks[35]. - The company has ongoing investments in new materials construction projects, with a total investment of ¥16.04 million, indicating a focus on expanding production capabilities[69]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company has fully utilized the raised funds from the convertible bonds by March 31, 2021[77]. - The company aims to alleviate financial pressure and reduce operational risks by reallocating funds to working capital, especially in light of the impacts from the COVID-19 pandemic[79]. - The company has not encountered any issues or questions regarding the use and disclosure of raised funds[77]. Shareholder Information - The total number of shares increased from 74,683,720 to 74,685,686, reflecting a change of 1,966 shares due to the conversion of convertible bonds[137]. - The number of restricted shares decreased from 18,104,947 to 18,064,822, a reduction of 40,125 shares, representing a change from 24.24% to 24.19% of total shares[137]. - The company reported a total of 10,573 common shareholders at the end of the reporting period[142]. - The company’s stock structure includes both restricted and unrestricted shares, with a clear distinction in ownership percentages[137]. Environmental and Regulatory Compliance - The company reported no significant environmental issues or administrative penalties during the reporting period[104]. - There were no major litigation or arbitration matters during the reporting period[113]. - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[108].

Financial Performance - The company's revenue for Q1 2021 was ¥137,380,966.39, representing a 257.14% increase compared to ¥38,466,673.98 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥10,750,490.59, an improvement of 37.00% from a loss of ¥17,063,526.14 in the previous year[8]. - The basic earnings per share for the reporting period was -¥0.1439, an improvement of 37.02% from -¥0.2285 in the same period last year[8]. - The net loss for the first quarter was CNY 10,750,490.59, compared to a net loss of CNY 17,076,516.32 in the same period last year, showing an improvement of approximately 37.5%[43]. - The total comprehensive loss for the period was CNY -10,750,490.59, compared to CNY -17,076,516.32 in the previous year, reflecting an improvement of approximately 37.5%[44]. Cash Flow - The net cash flow from operating activities was ¥37,863,458.42, a significant increase of 174.66% compared to a negative cash flow of ¥50,713,710.27 in the same period last year[8]. - Total cash inflow from operating activities reached ¥238,563,165.46, compared to ¥60,361,558.49 in the same period last year, indicating a growth of approximately 295%[51]. - Cash outflow from operating activities was ¥200,699,707.04, up from ¥111,075,268.76 in Q1 2020, representing an increase of about 80%[51]. - The cash inflow from operating activities was primarily driven by sales revenue of ¥167,132,378.53, a substantial increase from ¥25,793,355.54 in Q1 2020[54]. - The net cash flow from operating activities for Q1 2021 was ¥37,863,458.42, a significant improvement compared to a net outflow of ¥50,713,710.27 in Q1 2020[51]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,630,245,270.40, up 10.91% from ¥1,469,895,412.50 at the end of the previous year[8]. - The total liabilities rose to CNY 1,114,302,080.82 from CNY 943,251,976.51, representing an increase of about 18.1%[35]. - The total current asset of CNY 863,381,426.39 as of March 31, 2021, compared to CNY 699,979,074.40 at the end of 2020, reflecting an increase of approximately 23.36%[33]. - The current liabilities totaled CNY 729,571,997.91, up from CNY 537,914,455.59, indicating an increase of about 35.5%[35]. - The non-current liabilities decreased slightly to CNY 384,730,082.91 from CNY 405,337,520.92, reflecting a decrease of about 5.1%[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,679[12]. - The largest shareholder, Zhang Qifa, holds 19.39% of the shares, with 14,483,837 shares, of which 7,000,000 are pledged[12]. Operational Metrics - Accounts receivable financing decreased by 73.89% to ¥9,689,907.37, attributed to a reduction in bank acceptance received during the reporting period[18]. - Prepaid accounts increased by 218.06% to ¥45,596,013.26, driven by an increase in orders and advance payments for raw materials[18]. - Inventory rose by 72.30% to ¥179,811,252.04, reflecting growth in orders and increased stock of raw materials and finished goods[18]. - Contract liabilities surged by 348.57% to ¥171,709,404.80, due to an increase in customer deposits received from higher order volumes[18]. - The top five suppliers accounted for 32.44% of total purchases, up from 27.12% in the previous year, indicating a shift in supplier dynamics[20]. Research and Development - Research and development expenses increased by 32.44% to ¥8,151,112.22, primarily due to higher employee compensation and travel expenses[18]. - Research and development expenses were CNY 8,151,112.22, compared to CNY 6,154,622.04, reflecting an increase of about 32.4%[42]. Future Outlook - The company expects to achieve profitability in the first half of 2021 compared to the same period last year, based on current orders and delivery forecasts[26]. - The company plans to terminate the "Intelligent and Information Upgrade Project" and the "R&D Center Construction Project," reallocating the remaining funds for permanent working capital[25].

2021 年 04 月 1 佛山市金银河智能装备股份有限公司 2020 年年度报告全文 佛山市金银河智能装备股份有限公司 2020 年年度报告 公告编号：2021-029 佛山市金银河智能装备股份有限公司 2020 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人张启发、主管会计工作负责人熊仁峰及会计机构负责人(会计主 管人员)黎俊华声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 （一）业绩大幅下滑或者亏损的具体原因 报告期内，上半年受新型冠状病毒肺炎疫情的影响，公司及公司上下游企 业复工延迟，交通不畅影响了原材料以及公司产品的正常运输，各地区的封锁 影响了公司对各地工程的安装，加上公司的设备客户对固定资产投资的意愿比 较谨慎，上半年对比上年同期营业收入下降幅度较大，以致上半年的经营情况 为亏损状态；在下半年设备客户的投资意愿有所提升，公司根据客户订单情况 全力以赴做好生产交付工作，由于以下因素，致使净 ...

Financial Performance - Operating revenue for the current period was CNY 178,246,956.02, representing a growth of 32.32% year-on-year[7] - Net profit attributable to shareholders increased by 55.55% to CNY 14,612,964.05 compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,249,246.91, up 134.04% year-on-year[7] - Basic earnings per share rose by 55.56% to CNY 0.1957[7] - The weighted average return on net assets was 2.87%, an increase of 0.94% compared to the previous year[7] - The company expects a significant decline in net profit for the year, with a reported net profit of ¥240.11 million for the first three quarters, down 93.67% year-on-year[20] - The total operating revenue for the year-to-date period was CNY 365.39 million, down from CNY 457.39 million in the previous year, a decrease of 20.1%[45] - The total operating costs for the year-to-date period were CNY 364.69 million, down from CNY 414.10 million in the previous year, a decrease of 11.9%[45] Cash Flow - The net cash flow from operating activities was CNY 4,217,495.37, down 77.74% compared to the same period last year[7] - The net cash flow from operating activities decreased by 136.5% to -¥4,606,766.76, primarily due to a slight decrease in cash collections compared to the previous year[18] - The net cash flow from investing activities worsened by 373.47% to -¥275,027,839.54, mainly due to increased payments for asset purchases and equipment[18] - The net cash flow from financing activities surged by 1,306.09% to ¥311,298,322.14, primarily due to the receipt of convertible bond funds and increased borrowings[18] - The net cash flow from operating activities for Q3 2020 was -4,606,766.76 CNY, a decrease from 12,621,645.71 CNY in Q3 2019[53] - Total cash inflow from financing activities was 544,743,037.89 CNY, compared to 308,119,080.40 CNY in the previous year, indicating a 77% increase[54] - The net cash flow from investing activities was -275,027,839.54 CNY, significantly higher than -58,088,100.62 CNY in Q3 2019[54] - Cash and cash equivalents at the end of Q3 2020 amounted to 117,128,656.70 CNY, up from 52,032,037.26 CNY in the same period last year[54] Assets and Liabilities - Total assets increased by 31.48% to CNY 1,458,634,308.44 compared to the end of the previous year[7] - The total assets as of September 30, 2020, amounted to CNY 1,458,634,308.44, up from CNY 1,109,379,318.71 at the end of 2019, reflecting a growth of approximately 31.5%[32] - The company's total liabilities reached CNY 941,949,862.41, compared to CNY 618,273,272.35, marking an increase of around 52.2%[31] - Current liabilities increased to CNY 517,687,581.21 from CNY 439,797,322.24, showing an increase of approximately 17.7%[31] - Long-term borrowings increased by 51.91% to ¥194,900,000.00, primarily due to an increase in long-term loans during the reporting period[17] - The owner's equity as of September 30, 2020, was CNY 516,684,446.03, up from CNY 491,106,046.36, indicating a growth of about 5.2%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,128[11] - The top shareholder, Zhang Qifa, holds 19.39% of the shares, amounting to 14,483,837 shares[11] Research and Development - Research and development expenses for Q3 2020 amounted to CNY 8.33 million, compared to CNY 7.09 million in Q3 2019, representing a rise of 17.5%[39] - Research and development expenses for the year-to-date period reached CNY 15,518,337.83, up from CNY 14,878,510.09, indicating a focus on innovation despite financial challenges[48] - The company aims to enhance its market presence and product offerings through ongoing research and development initiatives[48] Comprehensive Income - The total comprehensive income for Q3 2020 was CNY 14.61 million, compared to CNY 9.38 million in Q3 2019, showing an increase of 55.0%[40] - The total comprehensive income for the third quarter was CNY 2,368,046.48, reflecting a significant drop from CNY 37,767,255.70 year-over-year[47]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥187,141,715.85, a decrease of 42.00% compared to ¥322,683,114.25 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥12,211,816.15, representing a decline of 142.80% from a profit of ¥28,531,269.43 in the previous year[18]. - The net cash flow from operating activities was negative at ¥8,824,262.13, worsening by 39.47% compared to a negative cash flow of ¥6,326,855.23 in the same period last year[18]. - The company reported a basic earnings per share of -¥0.1635, down 142.80% from ¥0.3820 in the same period last year[18]. - The company reported a total comprehensive income for the period was a loss of CNY 12.21 million in the first half of 2020, compared to a profit of CNY 28.53 million in the same period of 2019[184]. - The net profit for the first half of 2020 was a loss of CNY 12.24 million, compared to a profit of CNY 28.39 million in the same period of 2019[183]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,266,798,444.16, an increase of 14.19% from ¥1,109,379,318.71 at the end of the previous year[18]. - The total liabilities increased to 764.834 million yuan, compared to 618.273 million yuan at the end of the previous year[175]. - The equity attributable to shareholders of the parent company was CNY 501.96 million as of June 30, 2020, compared to CNY 491.26 million at the end of 2019, showing an increase of 2.1%[179]. - The company's total assets as of June 30, 2020, amounted to CNY 1.20 billion, an increase from CNY 1.01 billion at the end of 2019[179]. - The company's total liabilities increased to CNY 626.36 million as of June 30, 2020, up from CNY 443.60 million at the end of 2019, representing a rise of 41.2%[180]. Cash Flow - The company achieved a net cash inflow from financing activities of RMB 201.85 million, a significant increase of 972.31% compared to the previous year, primarily due to the funds raised from the convertible bond issuance[54]. - The cash flow from investing activities showed a net outflow of -116,231,837.53 RMB in the first half of 2020, compared to -21,035,580.00 RMB in the same period of 2019, indicating a substantial increase in investment expenditures[194]. - The total cash inflow from financing activities was CNY 361.48 million in the first half of 2020, compared to CNY 241.80 million in the same period of 2019[191]. - The company reported a significant increase in cash inflow from loans, which amounted to 247,663,145.28 RMB in the first half of 2020, compared to 105,000,000.00 RMB in the same period of 2019[194]. Research and Development - The company is focused on continuous investment in new product and technology development to maintain market leadership and meet higher production process requirements from downstream clients[92]. - Research and development expenses for the first half of 2020 were CNY 15.14 million, compared to CNY 13.38 million in the same period of 2019, reflecting an increase of 13%[181]. - The development of new products and technologies is a priority, with ongoing research in high-viscosity material mixing and processing equipment[26]. - The company has 34 invention patents, 152 utility model patents, 16 design patents, and 30 software copyrights, which are crucial for its competitive advantage[95]. Market and Industry Trends - The company is focused on expanding its market presence in the lithium battery and organic silicon sectors, leveraging advanced technology and automation[25]. - The domestic lithium battery equipment industry has over 100 manufacturers, indicating a significant scale and a shift towards import substitution[33]. - The demand for high-precision and automated lithium battery production equipment is expected to increase, particularly for power lithium batteries[37]. - Future trends in the silicone equipment industry include increased demand for larger capacity, higher automation, and environmentally friendly production processes[38]. Risks and Challenges - The company faces risks including accounts receivable bad debt, macroeconomic fluctuations, and new product development risks[4]. - The ongoing COVID-19 pandemic has created uncertainties affecting the company's operational performance, particularly in the first quarter of 2020[91]. - The company acknowledges the risk of potential bad debts due to high accounts receivable levels, which could adversely affect cash flow and operational performance[89]. - Changes in national policies regarding subsidies for new energy vehicles may adversely affect the demand for the company's products and its revenue[93]. Corporate Governance and Compliance - The company has not reported any significant changes in the measurement attributes of major assets during the reporting period[63]. - The company has not conducted any investor communications or interviews during the reporting period[96]. - The company has not undergone any bankruptcy restructuring during the reporting period[104]. - The company has not reported any media controversies or penalties during the reporting period[106][107]. Shareholder Information - The total number of shares before the change was 74,680,000, with a significant reduction of 24,462,393 shares in limited shares[131]. - The company’s limited shares decreased from 42,681,840 to 18,219,447, representing a change from 57.15% to 24.40%[131]. - The company has a total of 24,139,931 shares held by directors, supervisors, and senior management, with a net increase of 740,000 shares during the reporting period[153]. - The company’s convertible bonds began trading on February 14, 2020, under the name "Galaxy Convertible Bonds" with the code "123042"[137].

佛山市金银河智能装备股份有限公司 2020 年第一季度报告全文 佛山市金银河智能装备股份有限公司 2020 年第一季度报告 公告编号：2020-038 2020 年 04 月 1 佛山市金银河智能装备股份有限公司 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。 √ 适用 □ 不适用 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张启发、主管会计工作负责人熊仁峰及会计机构负责人(会计主 管人员)黎俊华声明：保证季度报告中财务报表的真实、准确、完整。 2 佛山市金银河智能装备股份有限公司 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） | 38,466,673.98 | 139,745,196.71 | - ...

佛山市金银河智能装备股份有限公司 2019 年年度报告全文 佛山市金银河智能装备股份有限公司 2019 年年度报告 公告编号：2020-033 佛山市金银河智能装备股份有限公司 2019 年年度报告全文 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人张启发、主管会计工作负责人熊仁峰及会计机构负责人(会计主 管人员)黎俊华声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1、应收账款发生坏账的风险 报告期内，公司应收账款净额为 33,243.79 万元，较期初上升 29.47%，占 总资产的比例为 29.97%，占总资产比例相对较高。应收账款占比高主要是与公 司销售增长及业务模式有关，虽然公司应收账款整体处于合理水平，但如果发 生重大不利影响因素或突发事件，公司仍然存在应收账款可能无法及时收回而 形成坏账的风险，从而对公司资金使用效率及经营业绩产生不利影响。 2、宏观经济波动引致业绩下滑的风险 2020 年 04 月 1 公司 ...

Financial Performance - Net profit attributable to shareholders decreased by 24.40% to ¥9,394,126.84[8] - Operating revenue for the period was ¥134,710,658.67, down 8.01% year-on-year[8] - Net profit after deducting non-recurring gains and losses fell by 50.40% to ¥5,661,199.76[8] - Basic earnings per share decreased by 24.40% to ¥0.1258[8] - The company's net profit margin decreased, with net profit for Q3 2019 not specified but reflecting a decline in revenue[37] - The net profit for Q3 2019 was ¥9,380,917.52, down 23.7% from ¥12,337,368.44 in Q3 2018[39] - The total profit for Q3 2019 was ¥11,954,940.80, a decrease of 21.4% from ¥15,137,315.40 in Q3 2018[39] - The total profit for Q3 2019 was CNY 45,130,187.44, compared to CNY 47,849,681.07 in the previous year, reflecting a decline of 5.7%[49] Assets and Liabilities - Total assets increased to ¥1,151,144,320.82, up 11.90% from the previous year[8] - Accounts receivable increased by 46.76% to CNY 376,818,131.47, primarily due to revenue growth during the reporting period[19] - Other receivables rose by 66.51% to CNY 10,534,071.59, mainly due to an increase in financing lease deposits and bidding guarantees[19] - Fixed assets surged by 123.72% to CNY 187,846,199.22, attributed to the transfer of construction in progress to fixed assets[19] - Long-term prepaid expenses increased by 332.45% to CNY 4,068,817.17, due to the reclassification of renovation costs from construction in progress[19] - Total assets as of September 30, 2019, reached CNY 1.03 billion, up from CNY 920.11 million at the end of 2018, representing an increase of 11.8%[33] - Total liabilities increased to CNY 660.96 million from CNY 571.45 million, marking a rise of 15.6% year-over-year[30] Cash Flow - Cash flow from operating activities decreased by 67.56% to ¥12,621,645.71 year-to-date[8] - Cash flow from operating activities for Q3 2019 was CNY 333,243,846.07, down from CNY 344,603,905.83 in Q3 2018[52] - The net cash flow from operating activities for the third quarter was ¥12,621,645.71, a decrease of 67.6% compared to ¥38,911,204.62 in the same period last year[53] - Cash inflow from financing activities amounted to ¥308,119,080.40, while cash outflow was ¥285,979,830.20, leading to a net cash flow from financing activities of ¥22,139,250.20, an increase of 12.9% compared to ¥19,622,265.87 last year[54] - The ending balance of cash and cash equivalents was ¥52,032,037.26, down from ¥86,934,766.12 at the end of the previous year, reflecting a decrease of 40%[54] Shareholder Information - The company reported a total of 9,990 common shareholders at the end of the reporting period[12] - The largest shareholder, Zhang Qifa, holds 18.40% of shares, with 8,211,000 shares pledged[12] Future Outlook - The company has no plans for significant new product launches or market expansions in the near term[10] Research and Development - Research and development expenses for Q3 2019 were ¥5,239,793.07, slightly down from ¥5,562,903.95 in Q3 2018[41] - Research and development expenses for Q3 2019 were CNY 14,878,510.09, a decrease of 23.4% from CNY 19,317,539.24 in the same period last year[49] Financial Expenses - Financial expenses rose by 117.86% to CNY 14,033,987.11, mainly due to increased discount and interest expenses[19] - The financial expenses for Q3 2019 increased to ¥4,561,078.86 from ¥2,668,210.55 in the previous year[41] - The company incurred financial expenses of CNY 14,545,202.28 in Q3 2019, significantly higher than CNY 7,050,313.75 in the same period last year[49]