Financial Performance - The company's operating revenue for 2020 was CNY 580,490,941.77, representing a 49.15% increase compared to CNY 389,193,156.62 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 160,716,584.41, a 77.14% increase from CNY 90,728,693.75 in 2019[16] - The net profit after deducting non-recurring gains and losses was CNY 135,910,130.50, up 71.47% from CNY 79,261,483.39 in 2019[16] - The net cash flow from operating activities was CNY 120,595,728.21, a significant increase of 324.90% compared to -CNY 53,622,622.19 in 2019[16] - The total assets at the end of 2020 were CNY 1,481,570,275.60, reflecting a 33.88% increase from CNY 1,106,618,869.25 at the end of 2019[16] - The net assets attributable to shareholders increased by 14.72% to CNY 1,109,377,413.15 from CNY 967,060,828.74 in 2019[16] - The basic earnings per share for 2020 were CNY 1.1161, a decrease of 7.74% from CNY 1.2097 in 2019[16] - The weighted average return on equity for 2020 was 15.48%, an increase of 4.71% from 10.77% in 2019[16] Market Position and Strategy - The company has established itself as a leading production base for seismic isolation products in China, with advanced production capacity and various specialized laboratories[24] - The main products include seismic isolation rubber bearings and energy-dissipating dampers, which are crucial for reducing seismic energy input into buildings[25][28] - The company has set up offices in multiple provinces to expand its market presence and plans to promote successful experiences from Yunnan province nationwide[36] - The company employs a sales model primarily based on direct sales to owners and contractors, with a focus on competitive bidding for large projects[34] - The procurement strategy is based on "sales-driven purchasing," ensuring reasonable inventory levels while maintaining a list of qualified suppliers[30] - The company has developed a comprehensive technical service model that includes project consultation, design optimization, and after-sales support[33] - The company anticipates increased demand for its products due to the high seismic activity in China, where 41% of the territory is in areas with a seismic intensity of 7 or above[36] Research and Development - The company has established an academic workstation and collaborates with numerous design institutes, enhancing its R&D capabilities in rubber and polymer materials[47] - R&D expenses for the year were CNY 15.82 million, an increase of 19.7% from CNY 13.21 million in the previous year[59] - The company completed nine major R&D projects, including advancements in various damping technologies and materials[82] - The company reported a total of 74 authorized patents, including 19 invention patents, indicating a strong focus on innovation[82] Risk Management - The company faces risks related to macroeconomic environment changes, intensified market competition, raw material price fluctuations, and technological innovation[4] - The company is committed to monitoring macroeconomic policies and market trends to adjust strategies and minimize external risks[115] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.24 per 10 shares, with no bonus shares issued[4] - The company’s total distributable profit for the year was 485,937,661.72 yuan, with cash dividends accounting for 100% of the profit distribution[124] - In 2020, the cash dividend amount for the company was 32,256,000, representing 20.07% of the net profit attributable to ordinary shareholders[129] - The company has a stock repurchase plan in place to stabilize share prices, with a minimum single repurchase amount of 5 million[131] Compliance and Governance - The company has implemented a comprehensive internal control system, with no significant defects identified in financial or non-financial reporting during the reporting period[180] - There were no significant lawsuits or arbitration matters reported during the period, with a minor claim amounting to 1,760,250 RMB that did not meet disclosure standards[147] - The company maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[149] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion RMB[135] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[135] - New product development includes the launch of a next-generation seismic isolation system, expected to contribute an additional 200 million RMB in revenue[134]

Financial Performance - The company's revenue for Q1 2021 was ¥151,349,200.44, representing a 59.24% increase compared to ¥95,045,309.66 in the same period last year[7]. - Net profit attributable to shareholders was ¥29,515,641.42, up 32.44% from ¥22,285,547.61 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥28,563,551.32, reflecting a 29.54% increase from ¥22,049,268.66 in the previous year[7]. - Basic earnings per share decreased by 26.42% to ¥0.2050 from ¥0.2786 in the same period last year[7]. - Operating profit reached CNY 34,498,690.57, compared to CNY 25,960,641.94 in the same period last year, reflecting a growth of approximately 33%[55]. - The company reported a total comprehensive income of CNY 29,515,641.42, compared to CNY 22,285,547.61 in the prior year[56]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥19,785,087.19, a decrease of 250.37% compared to ¥13,158,021.41 in the same period last year[7]. - Cash and cash equivalents increased by 38.31% to CNY 739.66 million, up from CNY 534.78 million at the end of 2020, due to funds raised from convertible bonds[15]. - The total cash and cash equivalents at the end of the period increased to 705,588,450.60 CNY from 477,747,127.92 CNY at the beginning of the period[64]. - The company reported a cash increase of 227,841,322.68 CNY during the period, contrasting with a decrease of 4,157,834.25 CNY in the previous period[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,802,112,004.51, an increase of 21.69% from ¥1,481,570,275.60 at the end of the previous year[7]. - Current liabilities totaled CNY 369,819,704.50, an increase from CNY 357,396,790.75 in the previous period, showing a rise of about 3.98%[47]. - Non-current liabilities increased to CNY 197,810,456.11 from CNY 14,796,071.70, marking a substantial rise[47]. - Owner's equity as of March 31, 2021, was CNY 1,235,331,843.90, compared to CNY 1,109,377,413.15 at the end of 2020, representing an increase of approximately 11.34%[48]. Operational Costs - Operating costs for Q1 2021 were CNY 81.86 million, up 101.23% from CNY 40.68 million in Q1 2020, primarily due to rising raw material prices[17]. - The total operating costs amounted to CNY 121,881,465.20, up from CNY 69,304,498.49, reflecting a significant increase[54]. - The average cost of key raw materials, including steel and rubber, accounts for approximately 60% of the production costs of isolation rubber bearings[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,130[10]. - The largest shareholder, Beijing Huachuang Sanxin Investment Management Partnership, held 20.70% of the shares, totaling 29,806,623 shares[10]. Research and Development - The company has ten major R&D projects, including the development of new friction dampers and isolation bearings aimed at enhancing performance and reducing costs[19]. - Research and development expenses totaled CNY 2,617,987.78, slightly higher than CNY 2,334,830.60 from the previous period[54]. - The company emphasizes continuous R&D investment and the introduction of professional talent to enhance product competitiveness and shorten the application cycle of new technologies[28]. Market and Competition - The company faces risks from intensified competition in the building isolation market, which may lead to a decline in gross margins and market share[24]. - The company is implementing measures to mitigate risks associated with raw material price fluctuations, including establishing strategic partnerships with suppliers[26]. Future Plans - The company plans to implement technical innovations to reduce production costs and may adjust product prices based on market conditions[17]. - The company plans to utilize part of the raised funds for the construction of a new intelligent seismic isolation product manufacturing base, with a total investment of RMB 31.61 million[38]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[52].

证券代码：300767 证券简称：震安科技 公告编号：2020-062 震安科技股份有限公司 关于参加云南辖区上市公司 2020 年 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，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的沟通交流工作，促进云南辖区资本市场持续健康发 展。震安科技股份有限公司（以下简称"公司"）将参加由中国证券监督管理委 员会云南监管局指导，云南省上市公司协会及深圳全景网络有限公司共同举办的 "云南辖区上市公司 2020 年投资者网上集体接待日"主题活动，现将有关事项 公告如下：本次集体接待日活动将在深圳全景网络有限公司提供的网上平台，采 取网络远程的线上活动方式举行。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集体接待日活动，活动时间为 2020 年 9 月 18 日（星期五）9:30 至 12:00。 届时公司董事会秘书龙云刚先生及证券事务代表张雪女士将通过网络在线 交流形式与投资者就 2019 年度及 2020 年 1－6 月业绩、公司治理、经营状况和 可持续发展等投资者 ...

震安科技股份有限公司 2020 年半年度报告全文 震安科技股份有限公司 所有董事均已出席了审议本报告的董事会会议。 本半年度报告涉及的未来计划等前瞻性陈述，不构成公司对投资者的实质 承诺，请投资者及相关人士对此保持足够的风险认识，理解计划、预测与承诺 之间的差异。 公司近期不存在可能对公司生产经营状况、财务状况和持续盈利能力有严 重不利影响的重大风险因素。公司可能面临的风险见本半年度报告第四节"经营 情况讨论与分析"的"九、公司面临的风险和应对措施"部分内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2020 年半年度报告 2020 年 08 月 1 震安科技股份有限公司 2020 年半年度报告全文 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、高级管理人员保证半年度报告内容的 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。 公司负责人李涛、主管会计工作负责人龙云刚及会计机构负责人(会计主管 人员)海书瑜声明：保证本半年度报告中财务报告的真实、准确、完整。 2 | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | ...

Financial Performance - The company's operating revenue for 2019 was ¥389,193,156.62, a decrease of 15.27% compared to ¥459,337,446.21 in 2018[21]. - The net profit attributable to shareholders for 2019 was ¥90,728,693.75, down 20.72% from ¥114,434,032.26 in 2018[21]. - The net profit after deducting non-recurring gains and losses was ¥79,261,483.39, a decline of 27.99% from ¥110,064,479.62 in 2018[21]. - The net cash flow from operating activities was -¥53,622,622.19, a significant decrease of 145.99% compared to ¥116,585,609.66 in 2018[21]. - The total assets at the end of 2019 reached ¥1,106,618,869.25, an increase of 47.44% from ¥750,556,711.37 at the end of 2018[21]. - The net assets attributable to shareholders increased by 72.61% to ¥967,060,828.74 from ¥560,264,134.99 at the end of 2018[21]. - The company reported a basic earnings per share of ¥1.2097, down 36.57% from ¥1.9072 in 2018[21]. - The weighted average return on equity was 10.77%, a decrease of 11.98% from 22.75% in 2018[21]. - Total revenue for 2019 was ¥389,193,156.62, a decrease of 15.27% compared to ¥459,337,446.21 in 2018[76]. - Revenue from seismic isolation products was ¥277,556,541.21, accounting for 71.32% of total revenue, down 25.00% from the previous year[76]. - Revenue from damping products increased by 5.06% to ¥93,494,623.56, representing 24.02% of total revenue[76]. - Revenue from other business activities surged by 70.33% to ¥18,141,991.85, making up 4.66% of total revenue[76]. - The company sold 23,231 sets of seismic isolation products, a decrease of 18.57% from 28,529 sets in 2018[80]. - The gross profit margin for seismic isolation products was 55.14%, down 2.71% from the previous year[79]. Market Position and Strategy - The company has established itself as a leading production base for seismic isolation products in China, with advanced production capacity and various specialized laboratories[29]. - The main products include seismic isolation rubber bearings and energy-dissipating dampers, which are essential for enhancing building earthquake resistance[30]. - The company has a significant market share in the seismic isolation industry, supported by favorable government policies and regulations[44]. - The company aims to enhance product quality standards and establish a more orderly competitive environment within the seismic isolation industry[45]. - The company has a market share of approximately 39.21% in the national housing seismic isolation market as of 2017, with a market share of about 30.12% in the broader seismic reduction market[49]. - The company is expanding its market presence outside Yunnan, leveraging its successful experiences to promote seismic isolation technology nationwide[59]. - The company is actively promoting seismic isolation technology through training and collaboration with design institutes and construction authorities[47]. - The company has established multiple offices outside Yunnan Province to expand its market presence and strengthen collaboration with design institutes[124]. Research and Development - The company is committed to accelerating technological innovation and product development to maintain competitive advantages[11]. - The company emphasizes the importance of professional talent acquisition to enhance research and development capabilities[11]. - The company has established an academic workstation and collaborates with various design institutes, enhancing its R&D capabilities and product quality[52]. - The company has obtained over 67 patents, including 17 invention patents, as of March 2020[89]. - The company completed the design and testing of a new energy-dissipating sub-frame for prefabricated buildings, enhancing seismic performance[90]. - Research and development expenses increased to 13.21 million yuan in 2019, up 15.55% from 11.43 million yuan in the previous year, reflecting a focus on enhancing core competitiveness[66]. - The number of R&D personnel increased to 43 in 2019, accounting for 9.62% of the total workforce[92]. Risk Management - The company is focused on reducing the risk of bad debts from accounts receivable by enforcing credit policies and increasing collection efforts[9]. - The company acknowledges the risk of delayed new product launches and aims to shorten the time for new technologies to be applied in products[11]. - The company anticipates potential risks from product price declines due to increased competition and plans to improve processes to lower costs[10]. - The company is facing risks from intensified competition in the isolation damping market, which may affect profit margins and market share[130]. - The company has implemented a credit policy during contract signing to manage accounts receivable risks effectively[132]. - The company is addressing the risk of product price declines by improving processes to reduce costs and expanding production scale to mitigate the impact on gross margins[134]. - The company acknowledges the risk of technological innovation delays and is committed to enhancing R&D efforts by attracting specialized talent to maintain competitive advantage[135]. Shareholder Returns and Dividends - The company plans to distribute cash dividends of 2.3 RMB per 10 shares to all shareholders, with a total of 80,000,000 shares as the base[11]. - The company reported a cash dividend of 2.30 yuan per 10 shares, totaling 18,400,000 yuan for the year 2019, which represents 20.28% of the net profit attributable to ordinary shareholders[141][145]. - The company is committed to returning profits to shareholders in accordance with its profit distribution plan, considering financial health and future development[129]. - The company has committed to a stock repurchase plan, with a minimum single repurchase amount of 5 million yuan and a maximum of 2% of the total share capital within 12 months[147]. - The company plans to distribute cash dividends amounting to no less than 20% of the distributable profits achieved in the current year[151]. - The company commits to maintaining a stable and continuous dividend distribution policy, with a focus on cash dividends as the primary form of shareholder return[151]. Financial Management and Governance - The company is focused on improving its governance structure and financial management to enhance operational efficiency and risk control[127]. - The board of directors strictly adheres to legal regulations and actively engages in discussions to ensure long-term development, considering suggestions from independent directors and minority investors[198]. - The company has not faced any penalties or rectification situations during the reporting period[174]. - The company has maintained a good integrity status, with no significant debts due that have not been settled[175]. Investment and Capital Expenditure - The total investment amount for the reporting period was ¥783,131,623.03, representing a year-on-year increase of 16.52% compared to ¥672,075,783.00 from the previous year[101]. - The company made significant equity investments totaling ¥150,000,000.00 during the reporting period, with a 100% ownership stake in the invested companies[104]. - The company has not yet made any actual investment in the new intelligent seismic isolation product manufacturing base project, with a total investment of ¥0.00 reported[106]. - The company has committed a total investment of CNY 31,606.8 million for the project "Intelligent Isolation Product Manufacturing Base," with an actual investment of CNY 1,236.39 million, representing 4.59% of the planned investment as of the reporting period[115]. Compliance and Related Party Transactions - There are currently no undisclosed related party transactions between the company and its subsidiaries[153]. - The company and its subsidiaries will strive to minimize related party transactions and comply with relevant laws and regulations[153]. - The company has committed to not engaging in any activities that would constitute competition with its subsidiaries[153]. - The company will ensure that its controlling entities adhere to the same obligations regarding competition and related party transactions[153].

Financial Performance - Total revenue for the first quarter reached ¥95,045,309.66, an increase of 19.72% compared to ¥79,388,068.56 in the same period last year[8] - Net profit attributable to shareholders was ¥22,285,547.61, up 17.36% from ¥18,989,305.91 year-on-year[8] - Net profit excluding non-recurring items increased by 39.12% to ¥22,049,268.66 from ¥15,848,704.14 in the previous year[8] - The company achieved operating revenue of 95.05 million yuan in Q1 2020, an increase of 19.72% compared to 79.39 million yuan in the same period last year[19] - Net profit for the period increased by 17.36% year-on-year, reflecting recovery from the impact of the pandemic[20] - Operating profit for Q1 2020 reached CNY 25,965,598.12, compared to CNY 22,401,434.04 in the same period last year, reflecting a growth of approximately 11.5%[52] - The total profit for Q1 2020 was CNY 26,224,155.24, compared to CNY 22,339,807.00 in the previous year, showing an increase of approximately 17.0%[52] Cash Flow - Net cash flow from operating activities improved significantly to ¥13,158,021.41, a 133.82% increase from a negative cash flow of ¥38,900,456.60 in the same period last year[8] - The net cash flow from operating activities for Q1 2020 was ¥13,182,977.59, a significant improvement compared to a net outflow of ¥38,671,109.49 in the same period last year[59] - Total cash inflow from operating activities was ¥99,338,219.23, up from ¥89,563,115.04 year-over-year[59] - Cash inflow from financing activities totaled ¥334,630,188.68, with a net cash flow of ¥333,358,137.41 after outflows[57] - The ending balance of cash and cash equivalents was ¥471,840,057.12, down from ¥539,866,131.85 at the end of the previous year[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,155,010,820.50, reflecting a 4.37% increase from ¥1,106,618,869.25 at the end of the previous year[8] - Total liabilities rose to CNY 165,680,667.33, compared to CNY 139,557,897.69 in the previous period, representing an increase of approximately 18.7%[44] - The total equity attributable to shareholders increased to CNY 989,338,637.78 from CNY 967,048,105.83, showing a growth of about 2.8%[44] - The total current assets as of March 31, 2020, amounted to CNY 966,083,727.83, an increase from CNY 930,515,802.45 at the end of 2019[38] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,962[11] - The largest shareholder, Beijing Huachuang Sanxin Investment Management Co., Ltd., held 20.70% of the shares, totaling 16,559,235 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Research and Development - Research and development expenses increased by 45.63% to 2.33 million yuan, indicating a higher investment in innovation[18] - The company completed the development of a seismic monitoring system integrated into rubber bearings, enhancing product quality and market competitiveness[20] - The company is committed to enhancing its R&D capabilities to address the challenges of technological innovation and reduce the time to market for new products[24] Risks and Challenges - The risk of accounts receivable collection is heightened due to the construction industry's economic conditions, which may lead to increased bad debt risks and impact future profits[23] - The company is facing risks related to product price declines due to increased competition, prompting efforts to improve processes and reduce costs[23] - The main raw materials for the company's seismic isolation products account for approximately 60% of the production costs, with significant risks associated with price fluctuations in steel, rubber, lead ingots, and adhesives[23] Investment and Capital Management - The company has initiated a public offering of convertible bonds, pending approval from the shareholders' meeting and regulatory authorities[25] - The total amount of funds raised is 31,606.8 million yuan, with 183.22 million yuan invested in the current quarter[29] - Cumulative investment from raised funds amounts to 3,856.38 million yuan, with 85.23% of the funds allocated to changed purposes[29] - The company plans to repurpose part of the raised funds for the "New Intelligent Seismic Isolation Product Manufacturing Base Project" due to changes in project feasibility[30] Other Financial Metrics - The basic earnings per share decreased by 11.97% to ¥0.2786 from ¥0.3165 in the previous year[8] - The company reported an increase in employee compensation payable to CNY 26,140,262.41 from CNY 22,591,171.44, which is an increase of approximately 15.3%[40] - The tax payable increased significantly to CNY 24,334,164.88 from CNY 14,577,524.16, reflecting an increase of about 66.7%[40]

Financial Performance - The company's operating revenue for 2019 was ¥389,193,156.62, a decrease of 15.27% compared to ¥459,337,446.21 in 2018[21]. - The net profit attributable to shareholders for 2019 was ¥90,728,693.75, down 20.72% from ¥114,434,032.26 in 2018[21]. - The net cash flow from operating activities was -¥53,622,622.19, a decline of 145.99% compared to ¥116,585,609.66 in 2018[21]. - The total assets at the end of 2019 amounted to ¥1,106,618,869.25, an increase of 47.44% from ¥750,556,711.37 at the end of 2018[21]. - The net assets attributable to shareholders increased by 72.61% to ¥967,060,828.74 at the end of 2019 from ¥560,264,134.99 at the end of 2018[21]. - The basic earnings per share for 2019 was ¥1.2097, a decrease of 36.57% from ¥1.9072 in 2018[21]. - The company reported a total of ¥11,467,210.36 in non-recurring gains and losses for 2019, compared to ¥4,369,552.64 in 2018[27]. - The company achieved operating revenue of 389.19 million yuan in 2019, a decrease of 15.27% compared to 2018's revenue of 459.34 million yuan[61]. - The revenue from seismic isolation products was 277.56 million yuan, down 25.00% from 370.09 million yuan in the previous year, while the revenue from damping products increased by 5.06% to 93.49 million yuan[61]. - Net profit for 2019 was 90.73 million yuan, a decrease of 20.72% from 114.43 million yuan in the previous year, primarily due to reduced construction area for new school and hospital projects in Yunnan Province[61]. Market Position and Competition - The company anticipates increased competition in the seismic isolation market, which may lead to a decline in gross margins and market share, and aims to enhance product quality and explore new application markets[6]. - The company acknowledges the risk of product price declines due to market competition and plans to improve processes to reduce costs and expand production scale[10]. - The company has a market share of approximately 39.21% in the national housing seismic isolation market as of 2017, with a market share of about 30.12% in the broader seismic reduction market[48]. - The company is focused on expanding its market presence and enhancing its product offerings in the seismic isolation technology sector[29]. - The company aims to increase its market share nationwide as relevant laws and regulations improve and product standards are raised[42]. Risk Management - The company faces risks from rising raw material prices, which could impact production costs and operating performance, and plans to adjust procurement cycles and increase raw material reserves[8]. - The company is addressing the risk of accounts receivable collection by enforcing credit policies and increasing collection efforts for overdue payments[9]. - The company is implementing measures to mitigate risks related to accounts receivable collection, particularly in a declining construction market[130]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report, indicating that plans and forecasts may differ from actual outcomes[5]. Research and Development - The company is committed to technological innovation and will continue to recruit professionals and increase R&D efforts to shorten the time for new technologies to be applied in products[11]. - The company has established a strong R&D capability through partnerships with design institutes and has a dedicated academic workstation for innovation[51]. - The company reported a credit impairment loss of 10.78 million yuan, lower than the previous year's loss of 12.05 million yuan, indicating improved collection efforts on accounts receivable[66]. - Research and development expenses increased to 13.21 million yuan in 2019, up 15.55% from 11.43 million yuan in the previous year, reflecting a focus on enhancing product performance and developing new technologies[65]. - The company's R&D investment in 2019 amounted to ¥13,210,168.72, representing 3.39% of its operating revenue[89]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of 2.3 RMB per 10 shares (including tax) and to increase capital reserves by converting 8 shares for every 10 shares held[11]. - The cash dividend for 2019 represents 20.28% of the net profit attributable to the shareholders of the listed company, which was 90,728,693.75 CNY[143]. - The total distributable profit for the year was reported at 359,691,189.06 CNY[139]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during its growth phase, despite significant capital expenditure plans[140]. - The company will consider its profitability, cash flow, development stage, and funding needs when formulating annual or interim dividend plans[149]. Corporate Governance - The company reported that all board members attended the meeting to review the annual report, ensuring the accuracy and completeness of the financial report[4]. - The company emphasizes a sustainable and long-term development strategy in its shareholder return planning, balancing short-term and long-term interests[149]. - The company has fulfilled all commitments made by its controlling shareholders and management regarding stock price stabilization measures following its IPO[145]. - The company has established a stock price stabilization plan effective for three years following its IPO, aimed at preventing the stock price from falling below the net asset value per share[147]. Social Responsibility and Community Engagement - The company donated seismic isolation technology worth a total of CNY 154,000 for the reconstruction of villages affected by the 5.9 magnitude earthquake in Yunnan[197]. - The company also contributed CNY 10,000 to the Shandong Linyi Angel International Special Education School[198]. - The company adheres to environmental protection laws and has not faced any pollution incidents or administrative penalties during the reporting period[200]. - The company emphasizes employee development through training and provides benefits such as health checks and holiday rewards[195]. Investment and Capital Management - The company has committed to invest ¥31,606.8 million in the seismic isolation product production line technology transformation, with a cumulative investment of ¥4,669.84 million, achieving 52.18% of the planned investment[108]. - The company has not yet made any actual investment in the new intelligent seismic isolation product manufacturing base project, with a project progress of 0.00%[105]. - The company has established two wholly-owned subsidiaries in October 2019, with registered capital of ¥50 million and ¥100 million respectively[82]. - The company engaged in entrusted financial management, with a total of 30.337 million RMB in bank wealth management products, sourced from both raised funds and self-owned funds[185].

Financial Performance - Operating revenue decreased by 22.61% to CNY 96,068,879.88 compared to the same period last year[8] - Net profit attributable to shareholders decreased by 26.69% to CNY 24,311,899.17 compared to the same period last year[8] - Basic earnings per share decreased by 45.02% to CNY 0.3039 compared to the same period last year[8] - Total operating revenue decreased to ¥96,068,879.88 from ¥124,141,687.48, representing a decline of approximately 22.7% year-over-year[38] - Operating profit fell to ¥29,059,361.36 compared to ¥37,668,115.74, reflecting a decline of approximately 22.9% year-over-year[39] - Net profit decreased to ¥24,311,899.17 from ¥33,163,840.18, marking a decline of around 26.7% year-over-year[40] - Total operating revenue for the third quarter was ¥289,191,174.28, a decrease of 10% compared to ¥321,467,048.50 in the same period last year[45] - Net profit for the quarter was ¥67,613,493.53, down 23% from ¥88,106,252.50 year-over-year[47] - The total profit for the quarter was ¥79,545,072.69, down from ¥103,654,443.09, a decrease of approximately 23%[47] Assets and Liabilities - Total assets increased by 45.52% to CNY 1,092,216,931.85 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 68.48% to CNY 943,945,628.52 compared to the end of the previous year[8] - Total liabilities decreased to CNY 148,271,303.33 from CNY 190,292,576.38, a reduction of about 22%[30] - Current assets totaled CNY 930,047,952.73, compared to CNY 597,888,873.12, reflecting an increase of about 55.5%[29] - Non-current assets amounted to CNY 162,168,979.12, up from CNY 152,667,838.25, indicating a growth of approximately 6.5%[29] - Owner's equity rose significantly to CNY 943,945,628.52, compared to CNY 560,264,134.99, marking an increase of approximately 68.3%[31] Cash Flow - Cash flow from operating activities showed a significant decline of 370.31% to CNY -81,626,307.69 year-to-date[8] - The net cash flow from operating activities was -81,626,307.69, a significant decrease compared to 30,197,114.93 in the previous period, indicating a decline in operational efficiency[55] - The company reported a total cash outflow from operating activities of 355,225,691.63, compared to 293,471,195.57 in the previous period, indicating higher operational costs[55] - Cash inflow from financing activities amounted to 383,800,000.00, with a net cash flow of 316,068,000.00 after accounting for outflows[60] - The company experienced a net increase in cash and cash equivalents of 218,622,751.40, contrasting with a decrease of -38,277,145.91 in the previous period[60] Shareholder Information - The company reported a total of 10,132 common shareholders at the end of the reporting period[12] - The top shareholder, Beijing Huachuang Sanxin Investment Management Co., Ltd., holds 20.70% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Inventory and Fixed Assets - Inventory rose by 48.95% to ¥132,457,915.48 compared to ¥88,924,794.79, attributed to an increase in contracts that have been produced but not yet delivered[16] - The company's fixed assets increased by 71.70% to ¥85,003,211.18 from ¥49,507,986.95, resulting from the transfer of construction projects to fixed assets[16] Expenses - Financial expenses saw a significant increase of 530.78%, resulting in a net income of -¥5,050,469.22, primarily due to increased interest income from structured deposits[16] - The company reported a 67.18% decrease in taxes and surcharges, amounting to ¥1,438,669.34 compared to ¥4,384,016.87, due to a reduction in value-added tax payable[16] - Cash paid for purchasing goods and services increased by 33.60% to ¥206,351,607.39 from ¥154,449,674.71, indicating higher procurement costs[17] - Total operating costs reduced to ¥67,200,664.45 from ¥86,829,013.44, a decrease of about 22.6% year-over-year[38] Research and Development - Research and development expenses increased to ¥3,054,987.45 from ¥2,727,003.14, an increase of about 12% year-over-year[38] - Research and development expenses increased to ¥8,262,958.80, up 29% from ¥6,418,145.06 in the prior year[51] Other Income - The company reported a 46.55% decrease in non-operating income, totaling ¥593,684.97 compared to ¥1,110,810.00, due to a reduction in government subsidies[16] - Other income remained stable at ¥165,712.65 compared to ¥165,674.70, showing minimal change year-over-year[38] - Other income increased to ¥3,997,137.95 from ¥2,297,100.00, indicating a growth of approximately 74%[45]

Financial Performance - Total revenue for the first half of 2019 was CNY 193,122,294.40, a decrease of 2.13% compared to CNY 197,325,361.02 in the same period last year[19]. - Net profit attributable to shareholders was CNY 43,301,594.36, down 21.19% from CNY 54,942,457.20 year-on-year[19]. - Basic earnings per share decreased by 32.45% to CNY 0.6186 from CNY 0.9157 in the same period last year[19]. - The company reported a total of CNY 3,057,948.37 in non-recurring gains and losses during the reporting period[22]. - The company faced a significant decline in profitability, with a weighted average return on net assets dropping to 5.85% from 11.61% year-on-year[19]. - The net profit for the period was RMB 43.30 million, down 21.19% from RMB 54.94 million year-on-year, primarily due to increased sales and R&D expenses, as well as higher asset impairment losses[48]. - The total profit for the first half of 2019 was ¥50,324,729.40, down 22.9% from ¥65,225,336.96 in the same period of 2018[149]. - The company's gross profit margin for seismic isolation bearings was 56.16%, down 2.40 percentage points from the previous year, while the gross profit margin for energy-dissipating dampers increased by 4.49 percentage points to 55.93%[49]. Cash Flow and Financial Position - Net cash flow from operating activities was negative CNY 74,523,331.43, a decline of 455.46% compared to CNY 20,965,040.66 in the previous year[19]. - Cash and cash equivalents increased by 226.72 million yuan, mainly due to the increase in raised funds[42]. - The company reported a net increase in cash and cash equivalents for the first half of 2019 was 225,946,600.39 yuan, compared to a decrease of 38,867,325.86 yuan in the same period of 2018, showing a positive turnaround[159]. - The company paid 37,761,776.45 yuan in employee compensation, which is a 62.9% increase from 23,192,077.48 yuan in the previous year[158]. - The total liabilities at the end of the period are 321,340,000 CNY, indicating a stable financial position[166]. - The total liabilities decreased to CNY 143,547,667.07 from CNY 190,292,576.38, a reduction of approximately 24.6%[141]. - The company reported a financial expense of -¥2,262,641.98, compared to -¥1,524,637.51 in the previous year, indicating an increase in financial costs[149]. Assets and Investments - Total assets increased by 41.65% to CNY 1,063,181,396.42 from CNY 750,556,711.37 at the end of the previous year[19]. - The company increased fixed assets by 25.35 million yuan, primarily due to the transfer of construction projects to fixed assets[42]. - The total amount of raised funds was 31,606.8 million, with 1,836.55 million invested during the reporting period[65]. - The company utilized 1,836.55 million of raised funds to replace self-raised funds for investment projects[66]. - The company reported a total of RMB 31,606.8 million in fundraising, with RMB 1,836.55 million used to replace self-raised funds for investment projects[68]. - The company’s total assets at the end of the reporting period were 560,254,175.71 CNY[171]. Market and Product Development - The company specializes in building isolation technology consulting, structural analysis, product R&D, production, installation guidance, and after-sales maintenance, becoming a leading production base for isolation products in China[26]. - The main products include rubber bearings, energy-dissipating dampers, and bridge bearings, with a focus on reducing seismic energy input to structures[30][31]. - The company has established offices in multiple provinces to expand its market presence, particularly in regions with high seismic activity, which covers 41% of the country's land[37]. - The promotion of isolation technology is expected to increase due to government policies and regulations supporting its use, contributing to a stable growth phase for the industry[38]. - The company plans to leverage its successful experience in Yunnan province to gain more market share nationwide as regulations improve[37]. - The company aims to expand its collaboration with influential design institutes to promote seismic isolation technology and identify potential projects[41]. Research and Development - The company has established a working station for academicians, enhancing its R&D capabilities in rubber, polymer materials, and engineering structures[43]. - R&D expenses rose by 41.09% to RMB 5.21 million, reflecting the company's commitment to enhancing its core competitiveness through ongoing research projects[53]. - The company plans to develop dedicated software to calculate the economic benefits of seismic isolation products, addressing the lack of data on economic differences between isolated and non-isolated buildings[40]. - The company has completed type testing for its viscoelastic dampers and metal rubber friction energy dissipators, expanding its product offerings for seismic projects[30]. Shareholder and Capital Structure - The total number of shares increased from 60,000,000 to 80,000,000, representing a 33.33% increase[116]. - The company raised a total of RMB 383,800,000 from the public offering of 20,000,000 shares at a price of RMB 19.19 per share[116]. - The largest shareholder, Beijing Huachuang Sanxin Investment Management Co., Ltd., holds 20.70% of the shares, totaling 16,559,235 shares[123]. - The company’s stock was officially listed on the Shenzhen Stock Exchange on March 29, 2019[116]. - The company’s basic and diluted earnings per share and net assets per share will be affected by the increase in total shares[117]. Risks and Challenges - The company has not disclosed any major risks that could severely impact its operations or financial status[5]. - The company is facing risks related to accounts receivable collection due to the construction industry's economic conditions[81]. - The company plans to increase R&D efforts and attract professional talent to mitigate technology innovation risks[80]. Corporate Governance and Compliance - The semi-annual financial report was not audited[88]. - There were no major litigation or arbitration matters during the reporting period[90]. - The company has not reported any issues or problems regarding the use and disclosure of fundraising[70].