Financial Performance - The company's revenue for Q1 2021 reached ¥125,054,677.14, representing a significant increase of 2,114.61% compared to the same period last year[8]. - Net profit attributable to shareholders was ¥31,719,190.15, a remarkable turnaround from a loss of ¥10,147,861.04 in the previous year, marking a growth of 412.57%[8]. - The net profit after deducting non-recurring gains and losses was ¥30,840,443.86, compared to a loss of ¥2,596,550.35 last year, reflecting an increase of 1,287.75%[8]. - Basic earnings per share improved to ¥0.20, up 433.33% from a loss of ¥0.06 per share in the same quarter last year[8]. - The total profit reached 36,980,400 CNY, up 399.67% year-on-year, while net profit attributable to shareholders was 31,719,200 CNY, reflecting a 412.57% increase[23]. - The company reported a net profit of ¥305,592,076.91 as of March 31, 2021, compared to ¥273,872,886.76 in the previous year[51]. - The company reported a net profit of ¥31,761,437.95, compared to a net loss of ¥10,140,417.72 in the previous period, indicating a significant turnaround in performance[67]. - Operating income reached ¥125,207,504.84, a substantial increase from ¥4,641,282.40 in the prior period, reflecting strong revenue growth[68]. - The total comprehensive income amounted to ¥31,913,990.47, a significant increase from a loss of ¥9,970,066.72 in the prior period[74]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,885,477,573.59, a slight increase of 0.53% from the end of the previous year[8]. - The company's total current assets amounted to ¥1,636,749,791.64, a slight increase from ¥1,623,440,137.75 on December 31, 2020[42]. - The total liabilities of the company decreased to ¥461,475,789.34 from ¥483,343,455.02 year-over-year[48]. - The company's total equity increased to ¥1,424,001,784.25 from ¥1,392,240,346.30 year-over-year, reflecting a growth of approximately 2.3%[51]. - Total assets as of March 31, 2021, amounted to CNY 1,885,623,500.22, an increase from CNY 1,878,263,818.78 as of December 31, 2020[52]. - Total liabilities decreased to CNY 456,987,548.36 from CNY 481,541,857.39[58]. - Owner's equity totaled CNY 1,396,721,961.39, with retained earnings of CNY 301,052,397.23[94]. Cash Flow - The company reported a net cash flow from operating activities of -¥727,800.58, a decrease of 101.74% compared to ¥41,730,895.69 in the same period last year[8]. - The company generated cash inflows from operating activities totaling ¥81,885,358.98, down from ¥113,471,484.68 in the previous period, indicating a decrease in cash flow from operations[75]. - The total cash outflow from operating activities was 82,613,159.56, up from 71,740,588.99, indicating increased operational costs[78]. - The total cash and cash equivalents at the end of the period were 189,104,636.00, down from 284,087,182.68 in the previous period, reflecting a decrease of approximately 33.5%[81]. - Cash inflow from investment activities totaled 178,147,724.66, while cash outflow was 217,260,680.79, resulting in a net cash flow from investment activities of -39,112,956.13[78]. Shareholder Information - The top three shareholders, each holding 23.37% of shares, are Cao Yuzhong, Zhao Zeming, and Liu Xiangxiong, with significant shareholdings of 36,670,000, 36,665,000, and 36,665,000 respectively[13]. Operating Costs and Expenses - Operating costs surged by 3,064.23% to 72,208,860.13 CNY, attributed to the recovery of production and delivery cycles that were previously affected by the pandemic[20]. - The company’s financial expenses rose by 182.56% to 460,966.65 CNY, mainly due to interest payments on working capital loans[20]. - Research and development expenses increased to CNY 4,891,492.74 from CNY 3,879,782.28 year-over-year[61]. - The company paid 19,612,760.77 in employee compensation, an increase of 23.3% from 15,887,422.11 in the previous period[78]. Government Subsidies - The company received government subsidies amounting to ¥327,054.12 during the reporting period, which contributed positively to its financial performance[8]. - The company reported a decrease in other income by 73.12% to 327,054.12 CNY, primarily due to reduced government subsidies compared to the previous year[20]. Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[70].

Financial Performance - The company achieved a net profit attributable to shareholders of 33.54 million yuan in 2020, a decrease of 76.27% year-on-year[5]. - The company's operating revenue for 2020 was ¥230,639,809.66, a decrease of 45.73% compared to ¥424,957,757.65 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥33,543,528.02, down 76.27% from ¥143,024,072.64 in 2019[23]. - Basic earnings per share for 2020 were ¥0.21, a decrease of 82.50% compared to ¥1.22 in 2019[23]. - The net cash flow from operating activities was ¥98,795,013.51, representing a decline of 34.68% from ¥151,310,941.47 in 2019[23]. - The weighted average return on equity for 2020 was 2.42%, a decrease of 20.27% from 22.92% in 2019[23]. - The total assets at the end of 2020 were ¥1,875,583,801, an increase of 11.83% from ¥1,674,090,405 in 2019[25]. - The net assets attributable to shareholders at the end of 2020 were ¥1,391,367,611.94, a slight increase of 0.35% from ¥1,386,586,300.55 in 2019[25]. - The company reported a total of ¥50,688,894.13 in contract assets as of December 31, 2020, indicating ongoing project commitments[163]. Revenue and Market Dynamics - The significant decline in revenue was attributed to global pandemic impacts, including delivery delays and logistical challenges, affecting both production and installation processes[5]. - The company achieved operating revenue of CNY 230.64 million, a decrease of 45.73% compared to the same period last year[36]. - The general equipment manufacturing industry accounted for 99.15% of total revenue, with a revenue of ¥228,685,195.29, down 45.89% from ¥422,613,987.12 in 2019[52]. - Domestic revenue was ¥227,049,341.53, making up 98.44% of total revenue, down 43.82% from ¥404,132,088.11 in 2019[52]. - The company experienced a 49.35% decrease in sales volume, with only 39 units sold compared to 77 units in 2019[58]. Operational Adjustments and Strategies - The company implemented measures to adapt to changing economic conditions, enhancing its ability to respond to various business challenges[5]. - The company aims to transition into a high-end grinding application solution provider, responding to the increasing demand for quality in metal plate processing[36]. - The company plans to expand its business scale to meet the growing demand from downstream customers, focusing on the rolling mill grinding equipment industry[116]. - The company aims to increase R&D investment to explore cutting-edge technologies and develop new high-end products, targeting the high-precision processing needs of industries such as automotive and aerospace[118]. - The company intends to enhance its technological and product advantages through the development of new technologies, processes, and materials, aiming to improve production efficiency and product quality[120]. Research and Development - The company applied for 10 new patents during the reporting period, with 5 granted, including 1 invention patent[47]. - The company has accumulated 59 patents and 8 software copyrights as proprietary technology[47]. - The company initiated 12 R&D projects in 2020, focusing on new product development and key technology breakthroughs[69]. - Research and development expenses increased by 14.78% to ¥19,261,245.66, representing 8.35% of operating revenue[71]. Dividend and Profit Distribution - The profit distribution plan approved by the board includes a cash dividend of 2 yuan per 10 shares (before tax) based on a total of 156,920,000 shares[7]. - The company reported a cash dividend of 31,384,000.00 CNY, which represents 100% of the total profit distribution amount[133]. - The company has a total distributable profit of 273,872,886.76 CNY, indicating a strong financial position for future investments[133]. - The cash dividend for 2020 is subject to approval at the upcoming shareholders' meeting[136]. Government Support and Subsidies - The company received government subsidies amounting to ¥8,139,689.21 in 2020, up from ¥4,226,950.94 in 2019[30]. Market Position and Competition - The company held a 44% market share in the CNC roll grinding machine sector in 2019, ranking first in China and third globally[40]. - The company has established a leading position in the domestic CNC roll grinding machine manufacturing sector, with a stable customer base and a nationwide sales service team[121]. - The company faces risks from intensified market competition and plans to expand its marketing reach while improving production management and service quality[124]. Compliance and Governance - The company has committed to ensuring that related party transactions do not harm the interests of all shareholders and will adhere to fair pricing principles[147]. - The company has not faced any non-standard audit reports during the reporting period, indicating a clean audit outcome[161]. - The company has adhered to all commitments made to minority shareholders without any overdue obligations[157]. - The company has established measures to protect against dilution of immediate returns for shareholders, including commitments from directors and senior management[153]. Environmental Compliance - The company has strictly complied with environmental laws and regulations, with no environmental pollution incidents or administrative penalties reported during the reporting period[200].

Financial Performance - Operating revenue for the period was ¥69,965,015.59, a decrease of 50.39% year-on-year[8] - Net profit attributable to shareholders was ¥14,273,292.51, down 74.81% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,392,869.95, reflecting an 81.45% decline year-on-year[8] - Basic earnings per share were ¥0.091, a decrease of 81.12% compared to the same period last year[8] - The total profit for the current period is ¥17,262,682.12, down 74.0% from ¥66,563,795.75 in the previous period[55] - The net profit for the current period is ¥6,111,577.02, down 94.8% from ¥116,781,312.11 in the previous period[79] - The total operating revenue for the current period is ¥108,299,370.69, a decrease of 67.5% compared to ¥333,402,392.49 in the previous period[76] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,795,854,418.64, representing a 7.04% increase compared to the end of the previous year[8] - Total liabilities rose to CNY 431,765,135.73 from CNY 290,043,963.93, an increase of about 48.9%[39] - The company's total equity decreased to CNY 1,364,089,282.91 from CNY 1,387,681,690.65, a decline of approximately 1.7%[42] - Total liabilities amount to ¥430,590,273.34, an increase from ¥285,348,901.49 in the previous period[49] - Current liabilities totaled $266.18 million, down from $270.97 million in the previous period[99] Cash Flow - The net cash flow from operating activities was ¥24,873,585.96, down 43.36% year-on-year[8] - Cash flow from operating activities is ¥71,405,566.07, down 24.1% from ¥94,102,878.62 in the previous period[82] - Net cash flow from operating activities decreased to $67.67 million, a decline of 29.1% compared to $95.29 million last period[89] - Cash inflow from investment activities totaled $1.14 billion, significantly higher than $600,000 in the previous period[89] - Net cash flow from investment activities was -$101.53 million, worsening from -$18.92 million in the previous period[89] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,256[12] - Major shareholders include Cao Yuzhong and Zhao Zeming, each holding 23.37% of the shares[12] Inventory and Receivables - Accounts receivable decreased by 46.08% to ¥70,938,829.66 due to the implementation of new revenue standards[21] - Inventory increased by 46.89% to ¥252,633,473.46 primarily due to project delays caused by the global pandemic[21] - Trade receivables dropped significantly to CNY 70,938,829.66 from CNY 131,553,922.03, a decrease of approximately 46.1%[33] Government Subsidies and Other Income - The company received government subsidies amounting to ¥6,449,413.79, primarily related to revenue[8] - Other income rose by 173.88% to ¥6,449,413.79, mainly from government subsidies received[21] - The company reported a significant increase in other income to ¥6,427,262.64, compared to ¥2,134,796.51 in the previous period[76] Research and Development - Research and development expenses for the current period are ¥4,723,427.27, an increase from ¥4,175,765.80 in the previous period[52] - Research and development expenses for the current period are CNY 12,941,988.90, compared to CNY 11,955,333.34 in the previous period, indicating an increase in investment in innovation[66] Strategic Focus - The company plans to continue monitoring the impact of the pandemic on its operations and financial performance[28] - The company has indicated a focus on market expansion and new product development as part of its future strategy[69] Compliance and Standards - The company has no violations regarding external guarantees during the reporting period[29] - The company has implemented new revenue and leasing standards starting from 2020, affecting the financial statements[93] - The company is implementing new revenue and leasing standards starting from 2020, with retrospective adjustments to prior comparative data[111]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥41,627,326.42, a decrease of 78.48% compared to ¥193,420,388.98 in the same period last year[24]. - The net profit attributable to shareholders was a loss of ¥8,658,737.44, down 114.34% from a profit of ¥60,388,521.33 in the previous year[24]. - The net cash flow from operating activities was ¥46,503,568.81, representing a decrease of 7.33% compared to ¥50,180,042.05 in the same period last year[24]. - The basic and diluted earnings per share were both -¥0.055, a decline of 110.72% from ¥0.513 in the same period last year[24]. - The weighted average return on net assets was -0.63%, down from 10.13% in the previous year[24]. - The gross margin for fully automatic CNC roller grinding machines was 43.08%, down 2.17% year-on-year, while the gross margin for maintenance and renovation services was 56.74%, up 4.05%[53]. - The company achieved operating revenue of CNY 41.63 million, a decrease of 78.48% year-on-year, primarily due to the impact of the COVID-19 pandemic on downstream customers[48]. - The net profit attributable to shareholders was CNY -8.66 million, indicating a significant decline in profitability[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,728,933,746.73, an increase of 3.28% from ¥1,674,090,405.21 at the end of the previous year[24]. - The net assets attributable to shareholders decreased by 2.70%, from ¥1,386,586,300.55 to ¥1,349,211,203.11[24]. - Total assets at the end of the reporting period amounted to 1,730,000,000.00, with cash and cash equivalents representing 12.50% of total assets, down from 18.60% in the previous year[57]. - The company's trading financial assets increased significantly to 780,828,544.66, accounting for 45.16% of total assets, compared to only 0.48% in the previous year, reflecting a 44.68% increase[57]. - Short-term borrowings were recorded at 50,052,777.78, representing 2.90% of total assets, indicating new project loans[57]. - Contract liabilities reached 189,237,286.87, accounting for 10.95% of total assets, due to adjustments in accounting for pre-received payments[57]. Research and Development - Research and development investment increased by 5.64% to CNY 8.22 million, reflecting the company's commitment to technology innovation[53]. - The company holds 47 national authorized patents, including 28 invention patents, demonstrating its strong R&D capabilities[39]. - The company is developing a complete set of intelligent grinding equipment and management systems with independent intellectual property rights, aiming to enhance quality and efficiency for steel customers[44]. - The company has established an information system for real-time online diagnostic services to enhance customer support and reduce downtime[44]. Business Operations - The company has established business cooperation with major domestic steel groups and international clients, exporting products to countries like Vietnam, India, and Russia[34]. - The company has positioned itself as a leading enterprise in the automatic CNC roller grinding machine sector, contributing to high-quality economic development in Jiangsu Province[42]. - The company emphasizes a direct sales model, focusing on customer communication to meet specific product requirements[35]. - The management team has focused on optimizing organizational structure and enhancing production efficiency, contributing to improved overall competitiveness[48]. Investment and Fundraising - The total amount of raised funds was 67,755.53 million, with 776.41 million invested during the reporting period and a cumulative investment of 21,476.89 million[63]. - The company has utilized 214,768,893.18 of the raised funds for investment projects, with 467,810,915.49 remaining in the fundraising account as of June 30, 2020[64]. - The total amount of committed investment projects is CNY 67,755.53 million, with a cumulative investment of CNY 21,476.89 million, representing 31.66% of the total commitment[68]. - The automatic CNC roller grinding bed upgrade project has an investment commitment of CNY 25,982.82 million, with a cumulative investment of CNY 5,537.89 million, achieving 21.31% of the investment progress[68]. Shareholder Information - The company reported a total share count of 156,920,000, with 75.00% being restricted shares and 25.00% being unrestricted shares[184]. - Major shareholders include Cao Yuzhong, Liu Xiangxiong, and Zhao Zeming, each holding 23.37% of the shares, totaling 36,670,000, 36,665,000, and 36,665,000 shares respectively[191]. - The total number of common shareholders at the end of the reporting period was 19,079[189]. - The company maintains a stable shareholder structure with no significant changes in shareholding percentages during the reporting period[191]. Compliance and Regulatory Commitments - The company has established a commitment to adhere to the regulations set by the China Securities Regulatory Commission regarding share reductions[106]. - The company is currently fulfilling all commitments made during the IPO process[88]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[76][77]. - The company has not faced any penalties or corrective actions during the reporting period[158]. Risks and Challenges - The company faces risks from intensified market competition, which may lead to a decrease in gross profit margins[80]. - The company emphasizes the importance of maintaining technological innovation to strengthen its core competitive advantages[80]. - The company plans to combine technological R&D with market expansion to enhance product feedback management and optimize after-sales service[83].

华辰精密装备（昆山）股份有限公司 2020 年第一季度报告全文 华辰精密装备（昆山）股份有限公司 2020 年第一季度报告 2020-027 2020 年 04 月 1 华辰精密装备（昆山）股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曹宇中、主管会计工作负责人徐彩英及会计机构负责人(会计主 管人员)徐彩英声明：保证季度报告中财务报表的真实、准确、完整。 2 华辰精密装备（昆山）股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | --- | --- | |-------|--------------|-------|-----------------------------------------------------|---------- ...

Financial Performance - The company's operating revenue for 2019 was ¥424,957,757.65, representing a year-over-year increase of 5.84% compared to ¥401,492,847.10 in 2018[28]. - The net profit attributable to shareholders for 2019 was ¥143,024,072.64, a 3.89% increase from ¥137,670,152.19 in 2018[28]. - The net cash flow from operating activities for 2019 was ¥151,310,941.47, showing a significant increase of 87.73% from ¥80,601,435.47 in 2018[28]. - The total assets at the end of 2019 amounted to ¥1,674,090,405.21, which is a 92.17% increase from ¥871,159,948.43 at the end of 2018[28]. - The company achieved a basic earnings per share of ¥1.22 in 2019, up 4.27% from ¥1.17 in 2018[28]. - The weighted average return on equity for 2019 was 22.92%, down from 28.47% in 2018, indicating a decrease of 5.55%[28]. - The company reported a net profit of ¥34,932,308.31 in Q1 2019, with total operating revenue of ¥102,502,992.07 for the same quarter[29]. - The company achieved operating revenue of ¥424,957,757.65, representing a year-on-year growth of 5.84%[65]. - The net profit attributable to the parent company was ¥143,024,072.64, an increase of 3.89% compared to the previous year[65]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 1.83 RMB per 10 shares based on a total of 156,920,000 shares[12]. - The cash dividend represents 20.08% of the net profit attributable to ordinary shareholders for the year 2019, which is RMB 143,024,072.64[142]. - The company plans to distribute a cash dividend of RMB 1.83 per 10 shares, totaling RMB 28,716,360.00 for the year 2019[141]. - The company did not distribute any dividends in 2018, while in 2017, it distributed RMB 201,000,000.00, which was 366.68% of the net profit[142]. - The company has committed to maintaining a minimum cash dividend ratio of 20% when distributing profits[141]. - There were no share buybacks or other cash distributions in 2019[141]. Business Operations and Strategy - The company’s main business is the research, production, and sales of fully automatic CNC roller grinding machines, which are essential manufacturing equipment in modern mechanical processing[6]. - The company has maintained a stable development in the roller grinding machine industry, but future investment from downstream customers may be affected by macroeconomic conditions[6]. - The company has achieved a certain competitive advantage through independent research and innovation, but faces risks from long-term foreign monopolies in the industry[7]. - The company emphasizes the need for continuous innovation to maintain its industry-leading position amidst increasing market competition[10]. - The company is focused on optimizing its product structure and decision-making support systems as part of its business expansion strategy[12]. - The company has shifted from a traditional production model to a comprehensive service model, providing customized solutions in collaboration with clients[54]. - The company aims to enhance its R&D capabilities and expand both domestic and international markets, focusing on smart manufacturing and integrated product-service offerings[121]. - The company maintains a leading position in the domestic roller grinding machine industry, with product quality and technology at an international leading level in hot rolling fields[121]. Research and Development - The company has been recognized as a high-tech enterprise by various governmental bodies, enhancing its credibility and market position[40]. - The company is actively involved in R&D and has established itself as a key player in the high-precision CNC roll grinding machine sector, with certifications such as ISO9001[40]. - The company reported a total of 16 R&D projects in 2019, with R&D expenses amounting to ¥16,781,365.14, accounting for 3.95% of operating revenue[86]. - The number of R&D personnel increased to 71, representing 15.17% of the total workforce[87]. - The company increased its R&D investment and focused on attracting high-level talent, enhancing its core competitiveness[66]. - The company aims to enhance product reliability and quality consistency through R&D collaborations with renowned universities[86]. Market Position and Competition - The company is a leading player in the domestic roll grinding machine industry, with product quality reaching international standards in certain applications[41]. - The company has successfully achieved import substitution for its main products and has established business cooperation with heavyweight clients along the "Belt and Road" initiative[42]. - The company has expanded its customer base in non-ferrous metals, mechanical processing, and machinery equipment sectors, further broadening the application range of its products[52]. - The company faces risks related to industry fluctuations, as its main business relies on the investment decisions of downstream clients in the steel and metal processing sectors[126]. - The company has a competitive advantage in core technology for roll grinding machines but must continue to innovate to maintain its market position against foreign competitors[129]. Financial Management and Cash Flow - The company's cash and cash equivalents have grown by 76.01% year-on-year, attributed to good cash collection from operating activities and the arrival of raised funds[48]. - Operating cash inflow totaled ¥435,249,579.13, an increase of 14.03% compared to the previous year[90]. - Net cash flow from operating activities reached ¥151,310,941.47, up 87.73% year-on-year, primarily due to increased cash receipts from sales[90]. - Net cash flow from investing activities was -¥723,129,080.13, a significant increase of 1,743.48% year-on-year, mainly due to increased investment in financial products[90]. - Net cash flow from financing activities amounted to ¥675,572,780.16, a rise of 217,624.40% year-on-year, attributed to funds received from the initial public offering[91]. - The company's cash and cash equivalents increased by ¥104,433,409.37, reflecting a growth of 152.77% compared to the previous year[90]. - The proportion of cash and cash equivalents to total assets was 14.45% at the end of 2019, down from 15.49% at the beginning of the year[95]. Shareholder Commitments and Governance - The company has a commitment from major shareholders to not transfer their shares for 36 months post-IPO[143]. - The company has outlined a plan for future profit distribution based on its financial performance and shareholder interests[141]. - The company is committed to adhering to the regulations set by the China Securities Regulatory Commission regarding the reduction of shares by shareholders and senior management[155]. - The lock-up period for shares held by executives is set for 12 months post-IPO, with additional restrictions for 36 months after obtaining equity registration[156]. - The company has pledged to compensate investors for losses incurred due to false statements or omissions in the prospectus, in accordance with relevant securities laws[182]. - The company has committed to ensuring that its future equity incentive plans are linked to measures that protect against dilution of immediate returns[191]. - The company has outlined measures to prevent unfair benefit transfers and to ensure responsible consumption of company resources by its executives[197]. - The company will strictly adhere to the compensation methods and amounts determined by effective judicial documents, ensuring investor rights are protected[184]. - The company has committed to not engaging in activities that would harm its interests or those of its investors[193]. - The company will ensure that any future equity incentive conditions align with the execution of measures to protect against dilution of immediate returns[196].