Financial Performance - The company's operating revenue for Q1 2022 was ¥86,173,629.26, a decrease of 31.09% compared to ¥125,054,677.14 in the same period last year[2] - The net profit attributable to shareholders was ¥23,786,009.85, down 25.01% from ¥31,719,190.15 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥18,271,542.92, a decline of 40.75% compared to ¥30,840,443.86 in the previous year[2] - Total operating costs for Q1 2022 were CNY 65,375,898.16, down 24.0% from CNY 85,965,991.63 year-over-year[58] - Net profit for Q1 2022 was CNY 25,432,627.11, a decline of 19.5% compared to CNY 31,761,437.95 in Q1 2021[61] - The net profit attributable to the parent company was CNY 23,786,009.85, a decrease from CNY 31,719,190.15 in the previous period, representing a decline of approximately 25.5%[65] - The total comprehensive income attributable to the parent company was CNY 23,786,009.85, down from CNY 31,719,190.15, indicating a decrease of about 25.5%[65] - Basic and diluted earnings per share were both CNY 0.15, compared to CNY 0.20 in the previous period, reflecting a decrease of 25%[65] Cash Flow - The net cash flow from operating activities was -¥14,090,489.97, a significant decrease of 1,836.04% from -¥727,800.58 in the same period last year[2] - Cash inflows from operating activities totaled CNY 93,679,847.71, an increase from CNY 81,885,358.98, marking a growth of approximately 14.5%[68] - Cash outflows from operating activities amounted to CNY 107,770,337.68, compared to CNY 82,613,159.56 in the previous period, representing an increase of about 30.5%[68] - The net cash flow from operating activities was negative at CNY -14,090,489.97, worsening from CNY -727,800.58 in the previous period[68] - Cash inflows from investing activities were CNY 371,672,685.49, significantly higher than CNY 178,147,724.66, indicating an increase of approximately 108.5%[70] - The net cash flow from investing activities was CNY 204,734,925.07, a substantial improvement from CNY -39,112,956.13 in the previous period[70] - The net increase in cash and cash equivalents was CNY 190,040,010.45, compared to a decrease of CNY -40,673,614.14 in the previous period[70] - The ending balance of cash and cash equivalents was CNY 421,168,425.08, up from CNY 189,104,636.00 in the previous period[70] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,948,034,960.89, an increase of 2.64% from ¥1,897,923,258.19 at the end of the previous year[2] - The company's total assets increased to CNY 1,948,034,960.89, up from CNY 1,897,923,258.19 at the end of the previous period, reflecting a growth of 2.6%[51] - Non-current liabilities totaled CNY 67,085,358.97, an increase from CNY 65,943,838.57 in the previous period[34] - The company's total liabilities amounted to CNY 472,026,113.07, compared to CNY 449,121,602.74 in the previous period, indicating a slight increase in leverage[35] - Deferred income tax assets were reported at CNY 24,003,412.84, a slight decrease from CNY 24,300,998.12, suggesting stable tax planning strategies[51] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,353[9] - The top three shareholders, Cao Yuzhong, Liu Xiangxiong, and Zhao Zeming, each hold 23.37% of the shares, totaling 36,670,000 shares[9] - The company has not disclosed any related party relationships among the top shareholders, except for the agreement among Cao Yuzhong, Liu Xiangxiong, and Zhao Zeming as acting in concert[14] Management and Strategy - The company plans to use up to RMB 41.7 million of idle raised funds for cash management, focusing on low-risk investment products[17] - The company also intends to use up to RMB 70 million of idle self-owned funds for purchasing low-risk non-principal guaranteed financial products[17] - The company has made changes to its board of directors, including the appointment of a new independent director and adjustments to committee memberships[15] Operational Metrics - The company's cash and cash equivalents increased by 82.22% to ¥421,168,425.08 from ¥231,128,414.63 at the end of the previous year[5] - The company's investment income rose by 297.19% to ¥2,572,685.49 compared to ¥647,724.66 in the previous year[8] - The fair value gains on financial assets increased by 1,173.37% to ¥3,331,873.20 from ¥261,657.06 year-on-year[8] - The company's management expenses increased by 56.37% to ¥5,705,754.43 from ¥3,648,983.15 in the previous year[8] - The company received government subsidies amounting to ¥618,215.02, an increase of 89.03% compared to ¥327,054.12 in the same period last year[8] - The total current assets at the end of the reporting period amount to RMB 1,645,185,446.98, compared to RMB 1,618,863,963.94 at the beginning of the year, reflecting an increase[18] - Cash and cash equivalents increased from RMB 231,128,414.63 at the beginning of the year to RMB 421,168,425.08 at the end of the reporting period[18] - The company's inventory increased from RMB 274,054,346.75 to RMB 305,843,175.04 during the reporting period[18] - The accounts receivable decreased from RMB 118,714,451.58 to RMB 110,572,365.80[18] - The company reported a significant increase in construction in progress, rising to CNY 45,031,295.48 from CNY 8,136,751.05, indicating ongoing expansion efforts[51] - Research and development expenses for Q1 2022 were CNY 5,361,903.22, up from CNY 4,891,492.74, reflecting a commitment to innovation[61]

Financial Performance - The company's operating revenue for 2021 was CNY 409,455,130.85, representing a 77.53% increase compared to CNY 230,639,809.66 in 2020[29]. - The net profit attributable to shareholders for 2021 was CNY 76,575,942.23, a significant increase of 128.29% from CNY 33,543,528.02 in 2020[29]. - The net profit after deducting non-recurring gains and losses was CNY 45,609,885.22, up 187.94% from CNY 15,840,002.37 in 2020[29]. - The company's total assets at the end of 2021 were CNY 1,897,923,258.19, a 1.19% increase from CNY 1,875,583,801.32 at the end of 2020[29]. - The basic earnings per share for 2021 was CNY 0.49, reflecting a 133.33% increase from CNY 0.21 in 2020[29]. - The company reported a net cash flow from operating activities of CNY 44,528,928.44, a decrease of 54.93% compared to CNY 98,795,013.51 in 2020[29]. - The company received government subsidies amounting to CNY 11,847,604.19 in 2021, compared to CNY 4,226,950.94 in 2019[34]. - The weighted average return on net assets for 2021 was 5.40%, an increase from 2.42% in 2020[29]. - The company achieved operating revenue of 409.45 million yuan in 2021, a year-on-year increase of 77.53%[68]. - The net profit attributable to shareholders was 76.58 million yuan, representing a year-on-year growth of 128.29%[68]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling approximately RMB 31.38 million based on a total share capital of 156,920,000 shares as of December 31, 2021[9]. - The company will increase its total share capital to 251,072,000 shares by issuing 6 additional shares for every 10 shares held, based on the same total share capital as of December 31, 2021[10]. Market and Competitive Landscape - The company is experiencing a risk of declining product prices and gross margins due to intensified market competition, which could impact future profitability[7]. - The company acknowledges the risk of talent loss as competition for skilled personnel in the high-end equipment manufacturing industry intensifies, leading to increased labor costs[8]. - The company emphasizes the importance of adapting to rapid market changes in new product and technology development to maintain its competitive position[4]. - The company is focused on expanding its business scale and market influence while ensuring reasonable profit margins through industry innovation and sales service[7]. - The CNC machine tool industry in China is expected to reach a market size of 405.6 billion yuan by 2025, indicating strong growth potential[42]. Research and Development - The company has invested in advanced production equipment and smart factory construction, achieving international advanced levels in processing precision[63]. - The company has a technical R&D team of 90 members, with over 70% holding bachelor's degrees and 11 having master's or doctoral degrees[66]. - The company has accumulated 74 patents and 8 software copyrights, with 30 invention patents and 43 utility model patents[67]. - The company is developing an intelligent scheduling model for mixed operation production lines, aiming to enhance scheduling efficiency[91]. - The company invested CNY 29,229,418.81 in R&D in 2021, representing 7.14% of its operating revenue[95]. Operational Challenges - The company faces risks related to accounts receivable collection due to the increasing balance as business scales up, which may lead to cash flow issues if market conditions change significantly[5]. - The company is at risk of delayed delivery of certain functional components due to global supply chain constraints, which may affect timely product delivery[9]. - The company has implemented measures to manage accounts receivable risks, including credit management and timely collection strategies[127]. Talent Management - The company recognizes the importance of talent retention and plans to enhance employee benefits and create opportunities for professional development to mitigate talent loss risks[127]. - The company has focused on enhancing its talent pool, particularly in R&D, to meet future business development needs[71]. - The total number of employees at the end of the reporting period was 528, with 352 in production, 90 in technology, and 28 in sales[170]. Governance and Compliance - The company maintained a governance structure compliant with relevant laws and regulations, ensuring clear responsibilities among its governing bodies[135]. - The company reported that its board of directors and supervisory board operated in accordance with established rules, with no violations of laws or regulations noted[132]. - The company has established a compensation mechanism linking salaries to performance, aimed at attracting and retaining talent[136]. Future Outlook - The company plans to expand its domestic market, which is expected to exceed CNY 570 billion[41]. - The company aims to leverage its competitive advantages to continuously upgrade existing products and launch new products, striving to become a world-leading grinding service provider[72]. - Future outlook remains cautiously optimistic, with plans to adapt to market changes and leverage new opportunities[145].

Revenue and Profit - Revenue for Q3 2021 reached ¥75,067,836.77, an increase of 7.29% compared to the previous quarter, and a significant 192.39% increase year-to-date[6] - Net profit attributable to shareholders was ¥9,462,650.17, down 33.70% from the previous quarter, but up 1,342.97% year-to-date[6] - The net profit excluding non-recurring items was ¥2,983,887.32, a decrease of 64.45% quarter-over-quarter, but an increase of 6,001.85% year-to-date[6] - Total operating revenue for the third quarter reached ¥326,280,671.62, a significant increase from ¥111,592,342.01 in the same period last year, representing a growth of approximately 192.3%[25] - Operating profit for the quarter was ¥87,131,384.04, compared to ¥5,510,956.66 in the previous year, indicating a substantial increase[27] - Net profit attributable to the parent company was ¥73,306,340.51, up from ¥5,080,257.35 year-over-year, reflecting a growth of approximately 1,343.5%[27] - The company reported a total comprehensive income of ¥76,918,773.49 for the quarter, compared to ¥5,123,952.26 in the previous year, reflecting a significant increase[31] - The basic and diluted earnings per share for the quarter were both ¥0.47, compared to ¥0.03 in the same period last year, indicating a substantial increase[31] Assets and Liabilities - Total assets as of September 30, 2021, were ¥1,895,153,738.92, reflecting a 1.04% increase from the end of the previous year[6] - The total assets of the company as of September 30, 2021, are ¥1,895,153,738.92, compared to ¥1,875,583,801.32 at the end of 2020[22] - The total liabilities as of September 30, 2021, amount to ¥391,203,131.49, down from ¥421,420,357.97 at the end of 2020[22] - The total liabilities decreased to ¥457,378,619.14 from ¥483,343,455.02, showing a reduction of about 5.4%[24] - Total liabilities amounted to CNY 483,343,455.02, with current liabilities at CNY 421,420,357.97[40] - Non-current liabilities totaled CNY 61,923,097.05, including lease liabilities of CNY 2,255,431.75[40] - Total equity reached CNY 1,392,240,346.30, with total equity attributable to shareholders of the parent company at CNY 1,391,367,611.94[42] Cash Flow and Investments - The company's cash flow from operating activities for the year-to-date was ¥63,555,500.31, a decrease of 10.99% compared to the previous year[6] - Cash flow from operating activities was ¥330,657,193.80, compared to ¥251,037,047.10 in the same period last year, representing a growth of approximately 31.7%[32] - The net cash inflow from operating activities was CNY 63,555,500.31, a decrease of 10.5% compared to CNY 71,405,566.07 in the previous year[34] - Total cash inflow from investment activities was CNY 1,053,949,541.78, down from CNY 1,139,503,599.61 year-over-year[36] - The net cash outflow from investment activities was CNY 101,262,583.27, compared to a net outflow of CNY 101,618,695.11 in the previous year[36] - The total cash outflow from financing activities was CNY 82,599,067.43, an increase from CNY 33,725,116.16 in the previous year[36] - The ending balance of cash and cash equivalents was CNY 311,737,053.72, compared to CNY 230,030,203.83 at the end of the previous year[36] - The company reported an undistributed profit of CNY 273,872,886.76[42] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,007, with the top 10 shareholders holding a combined 71.62% of shares[11] - The largest shareholder, Cao Yuzhong, holds 36,670,000 shares, representing 23.37% of the total shares[11] Research and Development - Research and development expenses for the quarter were ¥16,394,697.06, compared to ¥12,941,988.90 in the previous year, indicating an increase of about 26.5%[27] Other Financial Metrics - The company received government subsidies amounting to ¥10,955,308.85, a 69.87% increase year-over-year[10] - The company reported an increase in inventory to ¥263,006,829.68 from ¥230,687,777.28 at the end of 2020[20] - The deferred income increased to ¥63,284,934.67 from ¥59,691,097.05, showing a growth of approximately 4.4%[24] - The company has made a new investment in Nanjing Yida Small and Medium Enterprises Development Fund, resulting in a 100% increase in long-term equity investments to ¥19,800,000.00[8] - The company has invested ¥60 million in establishing the Jiangsu Yida SME Development Fund No. 2[17]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20% compared to the same period in 2020[22]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[22]. - The company achieved operating revenue of ¥251,212,834.85, an increase of 503.48% compared to the same period last year[39]. - Net profit attributable to shareholders reached ¥63,843,690.34, a significant increase of 794.38% year-on-year[39]. - The net profit after deducting non-recurring gains and losses was ¥56,172,232.28, reflecting an increase of 856.56% compared to the previous year[39]. - The basic earnings per share was ¥0.41, up 794.92% from a loss of ¥0.055 in the same period last year[39]. - Revenue from fully automatic CNC roller grinding machines reached ¥193,841,966.46, a 657.91% increase year-on-year, with a gross margin of 39.73%[53]. - Revenue from maintenance and renovation services was ¥36,579,444.40, a 259.71% increase year-on-year, with a gross margin of 39.28%[53]. Market Expansion and Product Development - User data showed an increase in active clients by 15%, reaching a total of 1,200 clients as of June 30, 2021[22]. - The company plans to launch two new products in Q4 2021, which are expected to contribute an additional RMB 100 million in revenue[22]. - Future outlook includes a revenue growth target of 25% for the full year 2021, driven by market expansion and new product launches[22]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[22]. - The company aims to transition into a high-end grinding application solution provider, responding to the increasing market demand for quality and efficiency in metal processing[39]. - The company is focused on expanding its market presence internationally, exporting products to countries such as Thailand, India, and Uzbekistan[39]. Research and Development - R&D expenses increased by 10% to RMB 50 million, reflecting the company's commitment to innovation and product development[22]. - Research and development investment increased by 30.28% to ¥10,706,939.44 from ¥8,218,561.63, indicating the company's commitment to innovation[51]. - The company has established a joint research center with Tsinghua University to focus on intelligent grinding technology, aiming to address critical technological challenges in precision grinding equipment[42]. - The company is committed to technological innovation and has established partnerships with Tsinghua University and Zhejiang University for ongoing research and development[40]. - The company plans to enhance its R&D investment to maintain a leading position in key technologies and ensure core competitiveness in products[79]. Financial Management and Cash Flow - The company reported a net cash flow from operating activities of ¥21,415,060.42, a decrease of 53.43% compared to the previous year[39]. - The net cash flow from investing activities increased by 171.01% to ¥66,628,489.58, mainly due to an increase in the redemption of structured deposits during the reporting period[53]. - The net cash flow from financing activities decreased by 485.11% to -¥82,912,873.45, primarily due to the repayment of current capital loans[53]. - The net increase in cash and cash equivalents was ¥4,870,463.98, a 118.93% increase compared to the previous year, attributed to various factors including the redemption of structured deposits[53]. - The company's total assets included cash and cash equivalents of ¥234,648,714.12, representing 12.66% of total assets[56]. Risk Management - The company has identified key risks including supply chain disruptions and market competition, with strategies in place to mitigate these risks[22]. - The company is facing risks from intensified market competition and is committed to continuous innovation in technology, products, and management to stabilize its gross profit margin[80]. - The company has identified accounts receivable recovery risks due to increasing balances, despite strong credit conditions among major clients[82]. - The company plans to implement targeted measures to manage accounts receivable risks, including setting repayment plans and increasing collection efforts on overdue accounts[82]. - The company is facing talent retention risks due to rising labor costs and competition in the high-end equipment manufacturing sector[83]. - To mitigate talent loss, the company will enhance employee benefits and create opportunities for learning and development, including stock incentive plans[83]. Corporate Governance and Compliance - The company emphasizes strict adherence to laws and regulations for timely and accurate information disclosure, ensuring equal access for all shareholders and investors[95]. - The company has established a stable and scientific dividend policy, aligning with the requirements of the China Securities Regulatory Commission regarding cash dividends[95]. - The company has signed labor contracts with all employees and provides various social insurances, ensuring employee rights are respected and maintained[95]. - The company has maintained a transparent communication strategy with investors through multiple channels, enhancing corporate transparency[95]. - The company has not encountered any significant changes in the feasibility of its investment projects or any unanticipated risks related to its fundraising activities[72]. Shareholder Information - The company held its first extraordinary shareholders' meeting on April 22, 2021, with a participation rate of 71.38%[87]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[89]. - A stock incentive plan was approved, involving the grant of up to 2.33 million shares at a price of 7.89 CNY per share to 43 participants[91]. - The total number of ordinary shareholders at the end of the reporting period was 10,768, with no preferred shareholders[200]. - The company reported a total share count of 156,920,000, with 71.01% being restricted shares and 28.99% being unrestricted shares[197].

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2021, representing a year-on-year increase of 15% compared to the same period in 2020[19]. - The gross profit margin for the first half of 2021 was 35%, an increase of 5 percentage points from the previous year[19]. - The company has set a revenue target of RMB 600 million for the full year 2021, which would represent a growth of 10% compared to 2020[19]. - The company reported a revenue of ¥251,212,834.85, representing a 503.48% increase compared to the same period last year[28]. - Net profit attributable to shareholders reached ¥63,843,690.34, a significant increase of 794.38% year-over-year[28]. - The net profit after deducting non-recurring gains and losses was ¥56,172,232.28, reflecting an 856.56% increase compared to the previous year[28]. - The company's basic and diluted earnings per share were both ¥0.41, marking a 794.92% increase from the same period last year[28]. - Operating revenue for the current period reached ¥251,212,834.85, a significant increase of 503.48% compared to ¥41,627,326.42 in the same period last year, primarily due to the recovery from pandemic-related disruptions[50]. - Operating profit for the first half of 2021 was ¥76.29 million, compared to a loss of ¥11.76 million in the first half of 2020, indicating a turnaround in profitability[169]. - Net profit for the first half of 2021 was ¥66.10 million, a substantial improvement from a net loss of ¥9.14 million in the same period of 2020[171]. Research and Development - The company plans to invest RMB 50 million in research and development for new product lines in the next fiscal year[19]. - Research and development investment increased by 30.28% to ¥10,706,939.44 from ¥8,218,561.63, indicating the company's commitment to innovation[50]. - The company has established a joint research center with Tsinghua University to focus on intelligent grinding technology, aiming to address critical technological challenges in precision grinding equipment[41]. - The company aims to expand its grinding application solutions and respond to national policies on import substitution, leveraging over 10 years of R&D experience[38]. - The company plans to continue increasing investment in core technology and product R&D to maintain stable gross profit margins[79]. Market Expansion - The company is expanding its market presence in Southeast Asia, with plans to establish a new office in Singapore by the end of 2021[19]. - The company has completed the acquisition of a local competitor for RMB 80 million, which is expected to enhance its market share[19]. - The company is positioned in a growing industry, with increasing demand for high-end CNC roll grinding machines driven by the upgrading of downstream industries[42]. - The company aims to expand its marketing range while consolidating its existing market share to establish partnerships with quality clients domestically and internationally[77]. Financial Management - The company will not distribute cash dividends for the fiscal year 2021, opting to reinvest profits into business growth[19]. - The company has a cash management balance of CNY 39,000 million as of June 30, 2021, indicating effective management of raised funds[67]. - The company has implemented a stable and scientific dividend policy to ensure reasonable returns for shareholders while considering sustainable development[93]. - The company has maintained transparency and integrity in its information disclosure practices[93]. Operational Efficiency - The company is focusing on enhancing its ERP and MES systems to improve operational efficiency and reduce costs by 10% in the next year[19]. - The company has implemented various management systems, including ERP and MES, to support technological innovation and high-quality development[41]. - The company emphasizes the importance of maintaining a healthy cash flow and has established performance indicators for sales teams related to accounts receivable[80]. Risks and Challenges - The company has identified potential risks including supply chain disruptions and has implemented measures to mitigate these risks[19]. - The company is aware of potential risks in expanding new products and overseas markets due to local political and economic changes[77]. - The company has observed a downward trend in the prices of CNC roller grinding machines, which may impact future profitability if competition intensifies[78]. - The company is facing talent retention risks due to rising labor costs and competition in the high-end equipment manufacturing sector[81]. Shareholder Information - The total number of shares is 156,920,000, with 71.01% being restricted shares and 28.99% being unrestricted shares[128]. - Major shareholders include Cao Yuzhong, Zhao Zeming, and Liu Xiangxiong, each holding 23.37% of the shares, totaling 36,670,000 shares[132]. - The company has not implemented any share buyback programs or other significant share changes[130]. - The company did not issue any preferred shares during the reporting period[146]. Cash Flow and Investments - The net cash flow from operating activities decreased by 53.43% to ¥21,415,060.42 compared to the same period last year, primarily due to an increase in cash income from bank acceptance bill discounts in the previous year[52]. - The net cash flow from investing activities increased by 171.01% to ¥66,628,489.58, mainly due to an increase in the redemption of structured deposits during the reporting period[52]. - The total cash inflow from financing activities was 50,000,000.00 CNY, while the cash outflow was 82,275,205.57 CNY, resulting in a net cash flow of -82,275,205.57 CNY compared to a positive net cash flow of 20,979,445.89 CNY in the previous period[186]. Compliance and Governance - The company has not faced any environmental penalties and adheres to strict environmental protection regulations[92]. - There were no significant lawsuits or arbitration matters during the reporting period[102]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[97]. - The half-year financial report has not been audited[99].

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 | --- | --- | --- | --- | --- | --- | --- | |-------|--------------|-------|-----------------------------------------------------|---------- ...