证券代码：300767 证券简称：震安科技 公告编号：2021-089 债券代码：123103 债券简称：震安转债 震安科技股份有限公司 2021 年第三季度报告 震安科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 128,155,220.93 | -25.08% | 460 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥331,944,766.79, representing a 19.29% increase compared to ¥278,256,637.68 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 29.66% to ¥65,408,880.53 from ¥92,983,668.99 in the previous year[22]. - Basic earnings per share decreased by 29.66% to ¥0.3244 from ¥0.4612 in the same period last year[22]. - Diluted earnings per share also fell by 30.46% to ¥0.3207 from ¥0.4612 in the previous year[22]. - The weighted average return on net assets decreased to 5.72% from 9.17% in the same period last year, a decline of 3.45%[22]. - The company's revenue for the reporting period reached ¥331,944,766.79, representing a year-on-year increase of 19.29% compared to ¥278,256,637.68 in the previous year[65]. - The operating costs increased by 39.69% to ¥177,271,084.08, primarily due to increased sales volume and rising raw material prices[65]. - The company reported a net profit of 60,596,157.45 RMB for the current period, a decrease of 16.50% compared to the same period last year[193]. Cash Flow and Investments - The net cash flow from operating activities was negative at ¥98,226,107.08, a significant decline of 1,005.12% compared to -¥8,888,279.82 in the same period last year[22]. - The company’s cash and cash equivalents decreased by 17.84% to 319,771,918.61 CNY, primarily due to investments in fundraising projects[71]. - The company reported a significant decrease of 71.32% in other income, totaling 4,694,425.30 CNY, mainly due to reduced government subsidies[67]. - The company’s fundraising activities generated a net cash flow of ¥221,537,838.79, a remarkable increase of 3,856.03% due to the issuance of convertible bonds[65]. - The company has initiated cash management for idle raised funds, with a maximum of RMB 100 million allocated for purchasing low-risk financial products[82]. - The company plans to use up to RMB 200 million of idle raised funds for cash management, investing in high-security and liquid financial products[83]. Assets and Liabilities - The total assets at the end of the reporting period increased by 18.23% to ¥1,751,589,755.03 from ¥1,481,570,275.60 at the end of the previous year[22]. - The total liabilities increased to CNY 510,288,872.02, compared to CNY 372,192,862.45, reflecting a growth of approximately 37.1%[200]. - The asset-liability ratio increased to 29.13%, reflecting a rise of 4.01% compared to the end of last year[193]. - The company's inventory increased to 190,161,937.78 RMB from 175,650,759.15 RMB at the end of the previous year[198]. - Accounts receivable increased by 27.95% to 470,315,667.13 CNY, attributed to higher sales revenue[71]. Research and Development - Research and development investment rose by 61.60% to ¥5,736,353.86, reflecting an increase in R&D projects[65]. - The company has established a strong technical team and R&D capabilities, providing comprehensive solutions from design to installation and maintenance of isolation products[39]. - The company emphasizes the importance of continuous R&D investment to enhance product competitiveness and reduce the time for new technology application in products[98]. - The company plans to maintain a stable R&D investment to ensure alignment between technology and product development, focusing on core technology platformization[98]. Market Position and Strategy - The company specializes in building isolation technology, offering a range of products including rubber bearings and energy-dissipating dampers, with a focus on R&D and production capabilities[29]. - The company is positioned as a leader in the seismic isolation industry, with a market share of approximately 30.12% in the national housing seismic isolation market as of 2017[54]. - The promotion of isolation technology is expected to rise due to increased government focus on disaster prevention and the implementation of mandatory policies, indicating a growing market trend[47]. - The company operates primarily through direct sales, targeting owners, construction parties, and a small number of distributors, with a focus on projects that require bidding procedures[43]. Shareholder and Dividend Policies - The company plans to distribute at least 20% of the annual distributable profits in cash dividends[113]. - The company has established a stock price stabilization plan effective for three years post-IPO, aimed at preventing the stock price from falling below the latest net asset value per share for 20 consecutive trading days[112]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[105]. - The company has committed to a cash distribution of profits unless significant investment plans or cash expenditures arise[113]. Compliance and Governance - The company has not faced any administrative penalties related to environmental issues during the reporting period[108]. - The company is not classified as a key pollutant discharge unit and adheres to environmental protection laws[108]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[179]. - The company has established a special account for raised funds in compliance with regulatory requirements to protect the rights of minority investors[151].

证券代码：300767 证券简称：震安科技 公告编号：2021-045 债券代码：123103 债券简称：震安转债 震安科技股份有限公司 关于参加 2021 年云南上市公司投资者网上集体接待日暨集 体业绩说明会专项活动的公告 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。 为积极响应中国证监会关于开展"5.15 全国投资者保护宣传日"活动精神 要求，及进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解 震安科技股份有限公司（以下简称"公司"）情况，公司将参加云南省上市公 司协会与深圳市全景网络有限公司一起联合举办的"2021 年云南上市公司投 资者网上集体接待日暨集体业绩说明会专项活动"。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的 网上平台采取网络远程的方式进行，投资者可以于 2021 年 5 月 17 日(星期 一) 14:30-17:00，登录 "全景网投资者关系互动平台"(全景·路演天下： http://rs.p5w.net/) 参与本次投资者网上集体接待日活动。 欢迎广大投资者积极参与。 特此公告。 ...

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].

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 - Operating revenue for the reporting period reached CNY 171,056,988.43, representing a 78.06% increase year-on-year[7] - Net profit attributable to shareholders increased by 98.64% to CNY 48,291,969.63 for the reporting period[7] - Basic earnings per share rose by 98.70% to CNY 0.3354[7] - The net profit attributable to shareholders for the year-to-date reached CNY 141,275,638.62, an increase of 108.95% compared to the same period last year[7] - Total revenue for Q3 2020 reached ¥171,056,988.43, a significant increase of 78.2% compared to ¥96,068,879.88 in the same period last year[38] - Operating profit for the quarter was ¥58,892,474.75, up 102.3% from ¥29,059,361.36 in Q3 2019[40] - Net profit for Q3 2020 was ¥48,291,969.63, representing a 98.7% increase from ¥24,311,899.17 in the previous year[40] - Operating profit reached CNY 168,204,604.37, compared to CNY 79,140,054.48 in the previous year, indicating a year-over-year increase of 112.5%[50] - Net profit for the current period was ¥141,275,638.62, compared to ¥67,613,493.53 in the previous period, marking an increase of 108.4%[47] Assets and Liabilities - Total assets increased by 28.14% to CNY 1,418,042,970.94 compared to the end of the previous year[7] - The company's total liabilities reached CNY 328,106,503.58, compared to CNY 139,558,040.51 at the end of 2019, showing an increase of approximately 134.5%[33] - Total assets increased to ¥1,419,086,948.73, up from ¥1,106,606,003.52, reflecting a growth of 28.2%[37] - Total liabilities rose to ¥327,570,471.88, compared to ¥139,557,897.69, marking an increase of 134%[37] - The total assets amounted to CNY 1,106,618,869.25, with current assets totaling CNY 930,515,802.45 and non-current assets totaling CNY 176,103,066.80[62] - The total liabilities were CNY 139,558,040.51, with current liabilities at CNY 133,550,836.52 and non-current liabilities at CNY 6,007,203.99[63] Cash Flow - Net cash flow from operating activities surged by 1,290.90% to CNY 84,589,605.08[7] - Cash flow from operating activities increased by 66.40% to ¥700,531,897.10, attributed to higher sales collections and government subsidies[16] - The cash flow from operating activities generated a net amount of CNY 75,701,325.26, a turnaround from a negative cash flow of CNY -81,626,307.69 in the previous year[54] - The net cash flow from financing activities was CNY 52,510,988.23, with total cash inflow of CNY 383,800,000.00 and cash outflow of CNY 67,732,000.00[58] Shareholder Information - The company reported a total of 10,003 common shareholders at the end of the reporting period[11] - The top shareholder, Beijing Huachuang Sanxin Investment Management Co., Ltd., holds 20.70% of the shares[11] - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[12] - The company reported no overdue commitments from major shareholders or related parties during the reporting period[23] - There were no violations regarding external guarantees during the reporting period[25] - The company did not implement any share buyback during the reporting period[22] Investments and Future Plans - The company plans to issue convertible bonds, with the proposal approved by the board and shareholders[18] - The company received notification from the Shenzhen Stock Exchange regarding the acceptance of its application for issuing convertible bonds[19] - The company is awaiting the review results from the Shenzhen Stock Exchange regarding the issuance of convertible bonds, which remains uncertain[20] Other Financial Metrics - The weighted average return on equity improved to 4.53%, up from 1.92% in the previous year[7] - Research and development expenses for the quarter were ¥3,559,416.98, slightly up from ¥3,054,987.45 in Q3 2019[38] - The total operating costs for the quarter were ¥113,658,762.91, an increase of 68.9% from ¥67,200,664.45 in the previous year[38] - The company experienced a credit impairment loss of ¥6,021,045.37, an improvement from a loss of ¥11,340,794.97 in the previous period[46] - The company's financial expenses showed a significant improvement, with a net financial income of CNY 2,418,637.94 compared to a loss of CNY 5,048,375.59 in the previous year[50]

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 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥278,256,637.68, representing a 44.08% increase compared to ¥193,122,294.40 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached ¥92,983,668.99, marking a significant increase of 114.73% from ¥43,301,594.36 year-on-year[19]. - Basic earnings per share rose to ¥0.6457, an increase of 87.87% from ¥0.3437 in the same period last year[19]. - The company reported a total profit of CNY 107,940,274.78 for the first half of 2020, compared to CNY 50,324,729.40 in the first half of 2019, marking a growth of 114.4%[173]. - The total comprehensive income for the first half of 2020 was CNY 92,983,668.99, compared to CNY 43,301,594.36 in the first half of 2019, reflecting an increase of 114.5%[171]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥8,888,279.82, a positive change of 88.07% compared to -¥74,523,331.43 in the previous year[19]. - Investment activities generated a cash outflow of ¥41,554,098.27, a 166.41% increase from -¥15,598,068.18, due to higher expenditures on fixed and intangible assets[53]. - The company reported a significant increase in investment income, which rose by 483.15% to ¥3,467,154.79 from ¥594,559.00, attributed to higher returns from financial products[53]. - The company’s cash and cash equivalents decreased by 119.85% to -¥44,842,378.09 from ¥225,946,600.39, reflecting changes in operating, investing, and financing activities[53]. - The company’s cash flow from investment activities showed a significant increase in cash recovered from investments, totaling 445,000,000.00 CNY, compared to 175,000,000.00 CNY in the previous year[181]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,284,477,956.03, reflecting a 16.07% increase from ¥1,106,618,869.25 at the end of the previous year[19]. - The company's total liabilities reached CNY 242,833,458.30, up from CNY 139,558,040.51, indicating a growth of about 73.9%[162]. - Accounts receivable rose significantly to CNY 420,123,180.31, up from CNY 300,802,984.58, indicating a growth of approximately 39.7%[159]. - Inventory increased to CNY 157,363,243.03 from CNY 126,425,956.21, reflecting a growth of about 24.5%[160]. - The company's non-current assets totaled CNY 200,813,222.09, compared to CNY 176,103,066.80 at the end of 2019, marking an increase of approximately 14.1%[160]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - Major shareholders include Beijing Huachuang Sanxin Investment Management Co., holding 20.70% (29,806,623 shares), and Li Tao, holding 19.74% (28,426,257 shares)[140]. - The total number of shares increased from 80 million to 144 million after the issuance of new shares and capital reserve conversion[129]. - A cash dividend of RMB 2.30 per share (totaling RMB 18.4 million) was approved for the 2019 fiscal year, with a capital reserve conversion of 8 shares for every 10 shares held[123]. - The company distributed dividends amounting to 18,400,000.00 CNY during the reporting period[186]. Research and Development - The company has established an academician workstation with 120 technical and R&D personnel, enhancing its research and development capabilities[40]. - The company is committed to increasing R&D efforts for new products to maintain competitive advantage despite the challenges of innovation[88]. - Research and development expenses decreased by 31.84% to ¥3,549,832.01 from ¥5,207,971.35, mainly due to reduced investment caused by the pandemic[52]. - The company has developed various types of seismic isolation rubber bearings, including ordinary rubber bearings and lead-core rubber bearings, with sizes ranging from Φ 100mm to Φ 1500mm[29]. - The company produces energy-dissipating dampers, including viscous dampers and buckling-restrained braces, which are designed to absorb seismic energy and reduce structural damage[33]. Market Position and Competition - The company is positioned in a region with 84% of its area in high seismic intensity zones (7 degrees and above), providing a strong market for its products[45]. - The company faces risks from increased competition in the seismic isolation market, which may lead to a decline in gross margins and market share[83]. - The company plans to enhance product quality and explore new application markets to mitigate competitive risks[84]. - The company has a leading position in the industry, which has allowed it to drive the development of various standards for seismic isolation technology[41]. - The company’s competitive advantage includes high product standards, comprehensive solutions, and extensive project experience, which are expected to drive future growth[47]. Corporate Governance and Compliance - The company held its annual general meeting on April 29, 2020, with an investor participation rate of 62.39%[93]. - The semi-annual financial report has not been audited[97]. - There were no significant litigation or arbitration matters during the reporting period[99]. - The company has no major related party transactions during the reporting period[105]. - The company has not reported any significant contracts during the reporting period[117].

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]