Business Overview - Chengdu Aileda Aviation Manufacturing Co., Ltd. primarily engages in the production of aircraft structural components and engine parts, maintaining stable growth in 2019 [1] - The company has expanded its business to include large aerospace components and has secured full-process production orders for A320 series aircraft landing gear [2] Order Situation - Since 2006, the company has been involved in the production of ARJ aircraft parts, continuing to undertake over 500 tasks related to the C919 aircraft [2] - The company participated in the C929 aircraft pre-research project in 2018 [2] Investment Project Progress - Investment projects initiated in 2017 are progressing, with special process lines for heat treatment and non-destructive testing completed and operational [2] - The three-axis and five-axis CNC processing projects are ongoing, with a change in implementation location to the old factory area due to saturation of new site equipment [2] Core Competitive Advantages - The company possesses full-process manufacturing capabilities for aviation components and is a strategic partner of a major aircraft manufacturer under AVIC [3] - It boasts a high-quality yield rate of 99.5%, advanced international information management systems, and a strong order acquisition ability as a top-tier supplier [3] Future Plans - The company plans to establish an "Intelligent Manufacturing and System Integration Center" on a 100-acre site in Chengdu, with a total investment of 1 billion RMB [4] - The project aims to enhance intelligent manufacturing levels and expand industrial scale, with construction expected to commence by the end of the year [4]

证券代码：300696 证券简称：爱乐达 成都爱乐达航空制造股份有限公司 投资者关系活动记录表 编号：2021-002 | --- | --- | |-------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 特定对象调研 □分析师会议 | | 投资者关系活 | □媒体采访 业绩说明会 | | 动类别 | □新闻发布会 路演活动 | | | 现场参观 其他（线上电话会议） | | 参与单位名 ...

Financial Performance - The company's revenue for Q3 2022 was ¥143,511,702.78, a decrease of 7.37% compared to the same period last year, while year-to-date revenue increased by 33.75% to ¥509,468,501.68[5] - Net profit attributable to shareholders for Q3 2022 was ¥63,180,114.93, down 12.81% year-on-year, with a year-to-date net profit of ¥205,650,083.48, reflecting a growth of 14.27%[5] - The basic and diluted earnings per share for Q3 2022 were both ¥0.22, a decline of 26.67% compared to the previous year[5] - Total operating revenue for Q3 2022 reached CNY 509,468,501.68, an increase of 33.8% compared to CNY 380,905,751.68 in the same period last year[21] - Operating profit for the period was CNY 245,616,211.47, up from CNY 211,436,068.50, reflecting a growth of 16.1%[22] - Net profit attributable to shareholders of the parent company was CNY 205,650,083.48, compared to CNY 179,962,150.59, marking an increase of 14.3%[22] Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥2,090,451,893.75, representing a 9.92% increase from the end of the previous year[5] - Total assets increased to CNY 2,090,451,893.75, up from CNY 1,901,838,927.35, representing a growth of 9.9%[20] - Total liabilities amounted to CNY 219,082,083.37, compared to CNY 198,533,040.26, indicating an increase of 10.3%[20] - The company's equity attributable to shareholders reached CNY 1,871,369,810.38, up from CNY 1,703,305,887.09, reflecting a growth of 9.9%[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at -¥118,387,011.04, a drastic decline of 3,108.21% compared to the previous year[12] - The net cash flow from operating activities for the period was -118,387,011.04 CNY, a significant decrease compared to 3,935,465.56 CNY in the previous period[23] - Total cash inflow from investment activities was 719,983,182.80 CNY, up from 110,198,713.73 CNY year-over-year[23] - The net cash flow from investment activities improved to 44,720,016.44 CNY, compared to -245,726,634.84 CNY in the same period last year[23] - Cash outflow from financing activities totaled 49,275,500.00 CNY, compared to 36,948,552.30 CNY in the previous period[24] - The net cash flow from financing activities was -49,275,500.00 CNY, a decline from 457,362,763.73 CNY in the prior year[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,155[14] - The top four shareholders hold a combined 48.08% of the shares, with the largest shareholder owning 12.18%[14] Research and Development - Research and development expenses for Q3 2022 amounted to ¥17,440,924.08, a 49.37% increase compared to the same period last year, driven by higher personnel costs and material expenses[11] - Research and development expenses for the quarter were CNY 17,440,924.08, an increase of 49.5% from CNY 11,676,475.99 in the previous year[21] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable, which rose by 72.09% to ¥751,117,461.11, attributed to increased business activity[9] - Accounts receivable increased significantly from ¥436,462,750.78 to ¥751,117,461.11, indicating a rise in sales or credit terms[18] - Inventory levels rose slightly from ¥156,189,198.39 to ¥167,149,084.14, reflecting potential growth in production or sales[18] Financial Income and Expenses - The company’s financial expenses showed a significant increase of 806.34%, reaching -¥7,391,927.49, primarily due to higher interest income[11] - The company reported a financial income of CNY 7,802,903.60, significantly higher than CNY 1,377,932.82 from the previous year[21] - The company’s investment income surged by 5,226.06% to ¥429,880.32, reflecting improved returns from long-term equity investments[11] Cash and Cash Equivalents - Cash and cash equivalents decreased from ¥563,469,309.93 to ¥440,526,815.33 during the same period[18] - The ending balance of cash and cash equivalents was 440,526,815.33 CNY, an increase from 365,406,630.51 CNY year-over-year[24] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[17] - There are no indications of mergers or acquisitions in the recent financial disclosures[17] - The company did not conduct an audit for the third-quarter report[25]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥365.96 million, representing a 61.94% increase compared to ¥225.98 million in the same period last year[18]. - Net profit attributable to shareholders was approximately ¥142.47 million, a 32.53% increase from ¥107.50 million in the previous year[18]. - Basic earnings per share decreased by 2.00% to ¥0.49 from ¥0.50 in the previous year[18]. - The company's operating revenue for the reporting period reached ¥365,956,798.90, representing a 61.94% increase compared to ¥225,978,153.11 in the same period last year, driven by increased customer orders and expanded production capacity[41]. - Operating costs rose to ¥161,811,143.28, a 94.89% increase from ¥83,026,830.54, reflecting the same factors of increased orders and capacity expansion[41]. - Research and development expenses increased by 55.94% to ¥11,218,648.87 from ¥7,194,039.80, due to higher testing and personnel costs[41]. - The net profit for the first half of 2022 was CNY 142,469,968.55, representing a 32% increase from CNY 107,501,080.07 in the first half of 2021[144]. - The total comprehensive income for the first half of 2022 was CNY 142,469,968.55, compared to CNY 107,501,080.07 in the same period of 2021, marking an increase of approximately 32.5%[149]. Cash Flow and Assets - The net cash flow from operating activities was negative at approximately ¥152.75 million, a decline of 518.81% compared to a positive cash flow of ¥36.47 million in the same period last year[18]. - Cash and cash equivalents at the end of the reporting period amounted to ¥383,177,390, representing 18.96% of total assets, a decrease of 10.67% compared to the previous year[45]. - Accounts receivable increased to ¥767,264,196, accounting for 37.97% of total assets, an increase of 15.02% year-over-year[45]. - The total assets of the company reached CNY 2,020,808,155.79, compared to CNY 1,901,838,927.35 in the previous period[144]. - The company's total liabilities as of the end of the reporting period were CNY 213,639,141.13, compared to CNY 198,533,040.26 at the end of the previous period[144]. - The company's equity attributable to shareholders reached CNY 1,807,169,014.66, up from CNY 1,703,305,887.09, representing an increase of about 6.09%[137]. Business Operations and Strategy - The company focuses on aerospace manufacturing, specializing in precision manufacturing of military and civilian aircraft components, engine parts, and large space structures, with a full-process manufacturing capability[26]. - The company has established a three-pronged business model encompassing CNC precision machining, special process treatment, and component assembly, with a strong emphasis on flexible production capabilities for critical and complex parts[27]. - The company has developed a full-process capability for aviation components, integrating raw material procurement, CNC precision machining, special process treatment, and component assembly[28]. - The company is actively involved in both military and civilian aviation projects, contributing to the modernization of defense and civil aviation sectors in China[31]. - The company is advancing its intelligent manufacturing projects, with the new production lines expected to be operational in the first half of 2023[39]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[144]. Risk Management - The company faces operational risks and has outlined corresponding measures in its risk management section[3]. - The company faces risks from industry policy adjustments and intensified market competition, which could impact business development[64]. - The company has a risk of revenue and performance fluctuations due to the use of provisional pricing in some sales contracts[66]. - The company has established a customer credit rating system to mitigate accounts receivable recovery risks[66]. - The company faces risks related to product quality due to the complexity of aviation parts manufacturing, which could significantly impact order acquisition and operational performance[67]. - The company has implemented measures to enhance quality management through technical innovation and process control to mitigate product quality risks[68]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[3]. - The total share capital increased from 244,297,078 shares to 293,156,493 shares after a capital reserve conversion of 48,859,415 shares, representing a 20% increase[110]. - The total number of restricted shares for executives increased, with significant unlocks: 冉光文's shares rose from 22,322,200 to 26,786,640, reflecting a 20% increase[114]. - The company’s shareholding structure shows that domestic natural persons hold 90,848,147 shares, accounting for 37.19% of the total share capital[108]. - The company has a diverse shareholder base, including institutional investors and individual shareholders[121]. - The company reported a total of 102,345,410 shares issued, with 13,264,469 shares held by major shareholders[119]. Compliance and Governance - The company emphasizes the importance of environmental compliance and has not faced any penalties related to environmental issues during the reporting period[79]. - The company is committed to protecting shareholder rights and ensuring fair treatment of all shareholders during meetings[80]. - The company has fulfilled all commitments made by controlling shareholders and related parties during the reporting period[85]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[86]. - The company did not engage in any major litigation or arbitration matters during the reporting period[90]. - The company continues to follow the enterprise accounting standards, ensuring that its financial statements reflect a true and complete picture of its financial status[177].

Financial Performance - The company's operating revenue for 2021 was CNY 614,009,403.72, representing a 102.12% increase compared to CNY 303,789,738.07 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 255,020,698.98, an increase of 86.47% from CNY 136,760,018.48 in the previous year[18]. - The net cash flow from operating activities reached CNY 245,534,216.04, a significant increase of 1,140.24% compared to a negative cash flow of CNY 23,603,557.30 in 2020[18]. - The basic earnings per share for 2021 was CNY 1.08, up 86.21% from CNY 0.58 in 2020[18]. - Total assets at the end of 2021 amounted to CNY 1,901,838,927.35, a 72.21% increase from CNY 1,104,389,874.23 at the end of 2020[18]. - The net assets attributable to shareholders increased by 77.16% to CNY 1,703,305,887.09 from CNY 961,430,062.00 in 2020[18]. - The operating profit for 2021 was CNY 299.13 million, representing a 73.37% increase year-on-year[45]. - The company reported a significant increase in raw material costs, with a 359.10% rise in the cost of raw materials for aircraft parts[57]. - The gross profit margin for the aviation parts manufacturing sector was 56.63%, down 18.24% compared to the previous year[53]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, based on a total of 244,297,078 shares[5]. - The cash dividend for the reporting period accounted for 100% of the distributable profit of RMB 522,978,234.98[151]. - For the 2021 profit distribution plan, the company proposed a cash dividend of RMB 2.00 per 10 shares, amounting to RMB 48,859,415.60, and a capital reserve conversion of 48,859,415 shares, increasing total shares to 293,156,493[153]. Market and Industry Position - The company focuses on precision manufacturing of military and civilian aircraft components, with a full-process manufacturing capability[31]. - The domestic military aviation sector is experiencing significant growth opportunities due to favorable policies and strategic initiatives[28]. - The civil aviation sector is positioned for robust development, with national plans aiming to establish a strong civil aviation industry by mid-century[29]. - The company is aligned with local policies aimed at building competitive advanced manufacturing clusters, particularly in the aerospace sector[30]. - The company has established a strategic partnership with a major aircraft manufacturer, being the largest private supplier for critical and complex components[36]. Research and Development - The company has invested 100 million yuan in R&D for new technologies aimed at improving manufacturing processes[128]. - R&D expenses rose by 53.99% year-on-year to ¥16,903,696.40, primarily due to increased investment in technology research and testing[63]. - The company is focusing on research and development of new technologies to enhance its product offerings and maintain competitive advantage in the aerospace manufacturing sector[123]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[5]. - Risks include potential policy changes affecting the aerospace industry, increased market competition, and fluctuations in gross profit margins due to various operational factors[101][102]. - The company acknowledges the risk of low inventory turnover rates, which could pressure liquidity and create challenges in contract finalization[105]. Governance and Compliance - The company has established a complete financial accounting system and independent financial decision-making processes[116]. - The company has a strong commitment to protecting the rights and interests of stakeholders, including shareholders and employees[114]. - The company has not reported any significant internal control deficiencies during the reporting period[164]. - The company has completed a comprehensive self-inspection of corporate governance, confirming compliance with relevant laws and regulations[167]. Future Outlook and Strategic Plans - The company plans to expand its market presence significantly, targeting a revenue increase of over 300% by 2024 through new product development and technological advancements[120]. - The company aims to strengthen its market presence by deepening existing customer relationships and expanding into new markets, particularly in the UAV, civil aviation, and aerospace sectors[97]. - Future outlook includes strategic plans for mergers and acquisitions to enhance competitive advantage in the industry[136]. Employee and Management Structure - The total number of employees at the end of the reporting period is 877, with 626 in production, 194 in technical roles, 11 in sales, 5 in finance, and 41 in administration[145]. - The company has implemented a stock incentive plan for key management and core personnel, allowing them to share in the economic profits of the company[147]. - The educational background of employees includes 127 with a bachelor's degree or higher, 402 with a college diploma, 282 with a secondary vocational or high school diploma, and 66 with junior high school or lower[146]. Financial Management and Investments - The company completed a successful refinancing of CNY 500 million to support new project investments[47]. - The company has committed to invest a total of 50,000,000 CNY in projects, with 49,431,100 CNY already utilized, representing a utilization rate of 98.66%[84]. - The company has raised a total of 499,999,995.28 yuan through the issuance of 11,901,928 shares at a price of 42.01 yuan per share[81].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 176,807,653.09, representing a 63.10% increase compared to CNY 108,405,578.60 in the same period last year[4]. - The net profit attributable to shareholders was CNY 65,985,292.09, a 40.95% increase from CNY 46,815,676.99 year-on-year[4]. - Total operating revenue for Q1 2022 was CNY 176,807,653.09, an increase of 63.2% compared to CNY 108,405,578.60 in the same period last year[25]. - Net profit attributable to the parent company for Q1 2022 was CNY 65,985,292.09, representing a 40.5% increase from CNY 46,815,676.99 in Q1 2021[27]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.27, compared to CNY 0.26 in Q1 2021[27]. Cash Flow - The net cash flow from operating activities was negative CNY 98,978,021.78, a decrease of 611.61% compared to negative CNY 13,908,984.46 in the previous year[4]. - Cash flow from operating activities for Q1 2022 was negative CNY 98,978,021.78, worsening from negative CNY 13,908,984.46 in the same period last year[30]. - The net cash flow from investing activities was CNY 79,399,232.49, an increase of 48.85% from CNY 53,340,813.46 in the previous year[10]. - The total cash inflow from investment activities amounted to 304,886,706.14 CNY, while cash outflow was 225,487,473.65 CNY, resulting in a net inflow of 79,399,232.49 CNY[31]. - The net cash flow from financing activities was -262,500.00 CNY, a decrease from -15,325,500.00 CNY in the previous period, showing an improvement of approximately 98.3%[31]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,955,245,504.34, an increase of 2.81% from CNY 1,901,838,927.35 at the end of the previous year[4]. - The company's current assets totaled CNY 1,514,901,590.55, compared to CNY 1,488,869,621.24 at the start of the year, reflecting a growth of approximately 1.8%[21]. - Total liabilities as of the end of Q1 2022 were CNY 185,081,160.40, down from CNY 198,533,040.26 at the end of the previous period[26]. - The total liabilities of the company as of March 31, 2022, were CNY 157,590,003.92, down from CNY 170,491,336.16, indicating a reduction of about 7.6%[22]. Research and Development - Research and development expenses increased by 56.09% to CNY 5,203,571.29, up from CNY 3,333,781.50 in the previous year[8]. - Research and development expenses for Q1 2022 were CNY 5,203,571.29, an increase of 56.2% from CNY 3,333,781.50 in Q1 2021[26]. Shareholder Information - The company reported a total of 22,322,200 restricted shares held by executive Ran Guangwen, with no shares released during the period[15]. - Executive Ding Hongtao holds 21,985,108 restricted shares, also with no shares released in the current period[15]. - The total number of restricted shares for executive Fan Qingxin is 21,810,567, with no changes during the reporting period[15]. - The company has a total of 1,146,600 restricted shares from the 2019 equity incentive plan, which will be released on May 16, 2022[15]. - The company has a total of 714,116 million shares that will be released from restrictions on February 23, 2022[16]. Government Subsidies - The company received government subsidies amounting to CNY 1,306,783.91, which is a 122.01% increase compared to CNY 588,618.19 in the previous year[9]. Market and Strategic Initiatives - The company is actively engaging in private placements to raise capital through various investment funds[16]. - The company is focusing on expanding its market presence through strategic share issuance and management plans[18]. - The company is exploring new opportunities for market expansion and technological advancements in the aviation manufacturing sector[18]. Audit and Compliance - The company did not conduct an audit for the first quarter report[32]. - The company’s financial report was released on April 20, 2022, and is not audited[32].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥154,927,598.57, representing a 113.59% increase year-over-year[4] - Net profit attributable to shareholders for Q3 2021 was ¥72,461,070.52, up 126.81% compared to the same period last year[4] - The basic earnings per share for Q3 2021 was ¥0.30, a 66.67% increase year-over-year[4] - The company reported a net profit of ¥179,962,150.59 for the first nine months of 2021, which is a 103.18% increase compared to the same period in 2020[11] - Total operating revenue for Q3 2021 reached CNY 380,905,751.68, a significant increase of 105.5% compared to CNY 185,429,519.95 in the same period last year[27] - Operating profit for the period was CNY 211,436,068.50, up 102.9% from CNY 104,268,756.48 year-over-year[28] - Net profit attributable to the parent company was CNY 179,962,150.59, representing a 103.5% increase from CNY 88,571,121.92 in the previous year[28] - Basic and diluted earnings per share both stood at CNY 0.77, doubling from CNY 0.38 in the same quarter last year[29] - The company reported a total operating cost of CNY 165,079,453.92, which is 99.5% higher than CNY 82,695,236.38 in the same period last year[27] Assets and Equity - The total assets at the end of Q3 2021 amounted to ¥1,769,417,792.31, reflecting a 60.22% increase from the end of the previous year[4] - The company's total equity attributable to shareholders increased to ¥1,626,749,880.26, a rise of 69.20% from the previous year[5] - The total assets of the company reached CNY 1,769,417,792.31, up from CNY 1,104,389,874.23 year-over-year[27] - Total liabilities amounted to CNY 142,667,912.05, slightly down from CNY 142,959,812.23 year-over-year[27] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥3,935,465.56, an increase of 104.64% compared to the same period last year[12] - The net cash flow from operating activities for Q3 2021 was ¥3,935,465.56, a significant improvement from a net outflow of ¥84,834,698.32 in the same period last year[32] - Cash inflow from operating activities totaled CNY 212,767,939.78, compared to CNY 42,291,432.94 in the previous year, marking a growth of 403.5%[30] - Cash inflow from financing activities amounted to ¥494,311,316.03, with a net cash flow of ¥457,362,763.73 after outflows[32] - The total cash and cash equivalents at the end of Q3 2021 reached ¥365,406,630.51, up from ¥74,691,997.42 at the end of Q3 2020[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,078[13] - The company reported a total of 7,105,527 shares held by the largest shareholder, China Industrial Bank, accounting for 2.91% of total shares[15] - The second largest shareholder, Zhoushan Tianhe Enterprise Management Partnership, holds 4,453,480 shares, representing 1.82% of total shares[15] - The total number of shares held by the top four shareholders is 28,062,362, which constitutes a significant portion of the company's equity[15] - The company has not disclosed any other shareholder relationships or agreements beyond the known agreements among the top shareholders[16] - The top ten shareholders do not participate in margin financing or securities lending activities[16] - The overall shareholder structure indicates a concentrated ownership, which may impact governance and decision-making processes[15] Research and Development - Research and development expenses for the year-to-date period were ¥11,676,475.99, representing a 51.04% increase year-over-year[11] - Research and development expenses increased to CNY 11,676,475.99, up from CNY 7,730,846.93, indicating a focus on innovation[27] Inventory and Receivables - Accounts receivable rose to CNY 382,182,623.37 from CNY 293,289,287.94, indicating a growth of around 30.3%[23] - The company reported inventory levels of CNY 174,743,027.78, slightly up from CNY 157,728,323.65, reflecting a growth of about 10.5%[23] Strategic Focus - The company has focused on enhancing its precision manufacturing capabilities, particularly in CNC machining, with new projects launched to increase production capacity[21] - The company is expanding its special process capabilities for both military and civilian aviation, optimizing production efficiency and increasing output[21] - The company successfully completed assembly operations for major components of a specific drone model, indicating progress in its full-process manufacturing capabilities[21] - The company has implemented a strategic focus on key components manufacturing, special processes, and component assembly as part of its transformation and upgrade strategy[21] Audit and Compliance - The company did not undergo an audit for the Q3 2021 report[33] - The company has not applied the new leasing standards for the financial statements in 2021[33]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥225,978,153.11, representing a 100.17% increase compared to ¥112,894,155.30 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached ¥107,501,080.07, an increase of 89.85% from ¥56,623,167.80 in the previous year[21]. - Basic earnings per share rose to ¥0.46, up 91.67% from ¥0.24 in the previous year[21]. - The net cash flow from operating activities improved significantly to ¥36,473,193.42, compared to a negative cash flow of ¥53,104,285.27 in the same period last year, marking a 168.68% increase[21]. - The gross profit margin for aircraft components was 63.27%, a decrease of 14.17% compared to the previous year[43]. - Operating costs increased by 179.74% to ¥83,026,830.54, primarily due to business growth, increased employee compensation, and equipment depreciation[40]. - Research and development expenses rose by 51.84% to ¥7,194,039.80, driven by increased personnel costs and R&D materials[41]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,175,710,778.98, a 6.46% increase from ¥1,104,389,874.23 at the end of the previous year[21]. - The total liabilities decreased to ¥117,207,522.70 from ¥142,959,812.23, a reduction of about 18.1%[135]. - Long-term borrowings were reduced to CNY 15,000,000.00 from CNY 30,000,000.00, a decrease of 50%[135]. - Owner's equity increased to CNY 1,058,503,256.28 from CNY 961,430,062.00, representing a growth of approximately 10.1%[136]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total share capital increased from 178,770,000 to 232,401,000 shares after a capital reserve distribution of 3 shares for every 10 shares held, completed on May 26, 2021[108]. - The company adjusted the repurchase price of restricted stock under the 2019 incentive plan and repurchased 5,850 shares due to the departure of some incentive targets[71]. - The company’s major shareholders include individuals holding over 5% of shares, such as Ran Guangwen with 12.81% and Ding Hongtao with 12.61%[116]. Business Operations and Strategy - The main business focuses on precision manufacturing of military and civilian aircraft components, with a strong emphasis on CNC precision machining and special processes[28]. - The company has established a full-process manufacturing capability for aviation components, including CNC machining, special processes, and component assembly[33]. - The company is actively expanding its component assembly capabilities, having undertaken assembly projects for various military and civilian aircraft models[29]. - The company is leveraging an ERP information management system to optimize production processes and improve overall management efficiency[36]. - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[142]. Research and Development - The company has developed 28 patents, including 3 invention patents and 25 utility model patents, with 4 invention patents currently under review[35]. - The company has plans for further research and development initiatives to enhance product offerings and improve operational efficiency[147]. Risk Management - The company faces risks from increased market competition, with plans to enhance technological innovation and expand production capacity to maintain competitiveness[60]. - The company is at risk of declining gross margins due to rising labor costs and market competition, and it aims to optimize product structure and improve efficiency[61]. - The company has a high concentration of accounts receivable, primarily from military clients, which poses a cash flow risk; measures are in place to monitor and manage receivables[62]. Corporate Governance - The company emphasizes a commitment to corporate governance and investor rights protection, ensuring fair treatment of all shareholders[77]. - There were no significant lawsuits or arbitration matters during the reporting period[87]. - The company did not engage in any major related party transactions during the reporting period[88]. Financial Reporting and Compliance - The half-year financial report has not been audited[84]. - The financial statements were approved by the board on August 23, 2021, reflecting the company's ongoing commitment to transparency[174]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[178].

Financial Performance - The company's operating revenue for Q1 2021 was ¥108,405,578.60, representing a 121.51% increase compared to ¥48,939,573.68 in the same period last year[9] - The net profit attributable to shareholders for Q1 2021 was ¥46,815,676.99, a 76.89% increase from ¥26,466,211.32 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥45,975,671.60, up 96.72% from ¥23,371,691.65 in the previous year[9] - The basic earnings per share for Q1 2021 was ¥0.26, an increase of 73.33% compared to ¥0.15 in the same period last year[9] - The total profit for the period was ¥54,737,729.25, marking an 80.16% increase, driven by business growth[18] - The operating profit for the quarter was CNY 54,737,729.25, up 80.0% from CNY 30,382,991.62 in Q1 2020[52] - The total comprehensive income for the quarter was CNY 46,815,676.99, up from CNY 26,466,211.32 in the previous year[52] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,128,487,925.81, reflecting a 2.18% increase from ¥1,104,389,874.23 at the end of the previous year[9] - The net assets attributable to shareholders at the end of the reporting period were ¥1,009,671,672.43, which is a 5.02% increase from ¥961,430,062.00 at the end of the previous year[9] - The company's total equity increased to CNY 1,009,671,672.43 from CNY 961,430,062.00, reflecting a growth of about 5.0%[40] - The total current liabilities decreased to CNY 74,623,942.28 from CNY 83,228,882.94, a reduction of about 10.1%[39] - Non-current liabilities decreased to CNY 44,192,311.10 from CNY 59,730,929.29, showing a decline of approximately 26.0%[39] Cash Flow - The net cash flow from operating activities for Q1 2021 was -¥13,908,984.46, a decline of 54.77% compared to -¥8,986,629.67 in the same period last year[9] - The cash flow from operating activities showed a net outflow of CNY -13,908,984.46, worsening from CNY -8,986,629.67 in Q1 2020[56] - The net cash flow from investment activities improved by 177.00% to ¥53,340,813.46, mainly due to a reduction in principal used for purchasing financial products[20] - The cash flow from investment activities generated a net inflow of CNY 53,340,813.46, compared to a net outflow of CNY -69,274,772.80 in the same quarter last year[56] - The total cash outflow for investment activities was CNY 26,226,191.76, compared to CNY 316,530,846.20 in Q1 2020[56] - The net increase in cash and cash equivalents was 24,106,329.00 CNY, while the beginning balance was 149,835,036.06 CNY, leading to an ending balance of 173,941,365.06 CNY[59] Operational Highlights - The company's accounts receivable increased by 59.77% to ¥15,636,575.01, primarily due to substantial business growth and increased settlements[18] - Research and development expenses surged by 93.90% to ¥3,333,781.50, indicating a focus on enhancing product development capabilities[18] - The company reported a significant increase in construction in progress, up 483.21% to ¥42,845,869.44, reflecting ongoing business expansion and equipment procurement[18] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[46] Risks and Compliance - The company faces risks related to industry policy adjustments and intensified market competition, which could impact future business development[22] - The company has identified potential risks associated with accounts receivable recovery and inventory turnover, which may affect liquidity and operational efficiency[25][26] - The company reported no violations regarding external guarantees during the reporting period[30] - There were no overdue commitments from major shareholders or related parties during the reporting period[31] - The company did not engage in any research, communication, or interview activities during the reporting period[32] - The company did not undergo an audit for the first quarter report[60] - The company is implementing new leasing standards starting in 2021, but it is not applicable for retrospective adjustments[60]

Financial Performance - The company's operating revenue for Q1 2021 was ¥108,405,578.60, representing a 121.51% increase compared to ¥48,939,573.68 in the same period last year[9]. - Net profit attributable to shareholders was ¥46,815,676.99, up 76.89% from ¥26,466,211.32 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥45,975,671.60, reflecting a 96.72% increase from ¥23,371,691.65 in the previous year[9]. - The basic earnings per share increased to ¥0.26, a rise of 73.33% compared to ¥0.15 in the same period last year[9]. - The total profit for the period was ¥54,737,729.25, marking an 80.16% increase compared to the previous period, attributed to business growth[18]. - The operating profit for the quarter was CNY 54,737,729.25, up from CNY 30,382,991.62, indicating a growth of 80.0% year-over-year[50]. - The total operating revenue for the first quarter of 2021 was CNY 108,405,578.60, compared to CNY 48,939,573.68 in the same period last year, representing a significant increase[44]. - The total operating costs amounted to CNY 48,706,689.82, up from CNY 21,219,901.07 year-on-year[45]. - The net profit for the first quarter was CNY 46,815,676.99, compared to CNY 26,466,211.32 in the previous year, indicating a growth of approximately 77.2%[46]. - The total comprehensive income for the quarter was CNY 46,815,676.99, compared to CNY 26,466,211.32 in the previous year, showing a growth of 77.5%[51]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,128,487,925.81, which is a 2.18% increase from ¥1,104,389,874.23 at the end of the previous year[9]. - The company's total equity increased to CNY 1,009,671,672.43 from CNY 961,430,062.00, reflecting a growth of approximately 5.0%[39]. - The company's accounts receivable increased by 59.77% to ¥15,636,575.01, primarily due to substantial business growth and increased settlement of accounts[18]. - The company's cash and cash equivalents increased to CNY 173,941,365.06 from CNY 149,835,036.06, representing a growth of about 16.1%[36]. - Accounts receivable rose to CNY 352,354,786.79 from CNY 293,289,287.94, indicating an increase of approximately 20.1%[36]. - The total current liabilities decreased to CNY 74,623,942.28 from CNY 83,228,882.94, a reduction of about 10.1%[38]. - Long-term borrowings were reduced to CNY 15,000,000.00 from CNY 30,000,000.00, showing a decrease of 50%[38]. - Inventory decreased slightly to CNY 156,048,150.98 from CNY 157,728,323.65, a decline of about 1.1%[36]. Cash Flow - The net cash flow from operating activities was -¥4,475,032.22, an improvement of 50.20% from -¥8,986,629.67 in the same period last year[9]. - The cash flow from operating activities improved by 50.20%, with a net cash outflow of ¥4,475,032.22, reflecting better collection of sales proceeds[20]. - The cash flow from operating activities showed a net outflow of CNY -4,475,032.22, an improvement from CNY -8,986,629.67 in the previous year[54]. - The cash flow from investment activities generated a net inflow of CNY 28,906,861.22, compared to a net outflow of CNY -69,274,772.80 in the same quarter last year[55]. - The total cash outflow from investment activities was CNY 22,160,144.00, compared to CNY 316,530,846.20 in the previous year, indicating a reduction in investment spending[55]. - The net cash flow from investing activities was 28,906,861.22, compared to a negative 69,274,772.80 in the previous period[58]. - The total cash outflow from financing activities was 325,500.00, down from 521,405.66 in the previous period[58]. - The net increase in cash and cash equivalents was 24,106,329.00, contrasting with a decrease of 78,782,808.13 in the previous period[58]. - The ending balance of cash and cash equivalents was 173,941,365.06, compared to 36,998,075.27 in the previous period[58]. Research and Development - Research and development expenses surged by 93.90% to ¥3,333,781.50, indicating a focus on enhancing product development capabilities[18]. - The company reported a research and development expense of CNY 3,333,781.50, up from CNY 1,719,305.86 in the previous year, reflecting a focus on innovation[45]. Risks and Future Outlook - The company faced risks related to industry policy adjustments and intensified market competition, which could impact future operations[22]. - The company has identified potential risks related to accounts receivable recovery and inventory turnover, which could affect liquidity and operational stability[25][26]. - The company is committed to enhancing production efficiency and optimizing equipment configuration to meet growing market demands[21]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46]. Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[29]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30]. - The company did not engage in any research, communication, or interview activities during the reporting period[31]. - The first quarter report was not audited[59]. - The company did not apply the new leasing standards for the first quarter of 2021[59]. - The company’s legal representative is Fan Qingxin[60].