Financial Performance - The company's operating revenue for 2022 was ¥716,183,507.72, a decrease of 21.16% compared to ¥908,425,867.25 in 2021[22]. - The net profit attributable to shareholders for 2022 was ¥61,474,283.54, down 38.72% from ¥100,315,576.26 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,349,028.36, a decrease of 37.18% from ¥91,290,917.57 in 2021[22]. - Basic earnings per share for 2022 were ¥0.42, down 39.13% from ¥0.69 in 2021[22]. - Total profit amounted to 65.26 million yuan, down 44.01% year-on-year[40]. - The company reported a net loss from investment activities of ¥104,247,410.18, a decrease of 455.21% compared to the previous year[82]. - The company’s total assets increased, but specific details on asset composition changes were not provided in the report[87]. - The company’s net profit for the year was reported at ¥61,017,900, reflecting the impact of increased depreciation and impairment provisions[83]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a year-over-year growth of 15%[191]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[198]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 176.56% to ¥157,360,705.08 from ¥56,898,813.14 in 2021[22]. - The company's cash generated from operating activities in 2022 was CNY 10,351,833.40, a decrease from CNY 45,332,571.18 in 2021[25]. - The cash and cash equivalents net increase dropped by 90.50% to ¥11,376,742.98, primarily due to reduced bank loan increases and maturity of financial products[82]. - The company’s cash flow from financing activities showed a net outflow of ¥44,389,466.22, a significant decrease of 225.82% compared to the previous year[82]. - The company has a remaining balance of RMB 57.66 million in raised funds as of December 31, 2022, including net interest from bank deposits[102]. - The company plans to complete the "Increase Production of 13.6 million sliding bearings" project by September 30, 2023, with 85.45% of the investment completed[103]. - The company plans to strictly adhere to legal regulations and the provisions of its articles of association regarding profit distribution after its IPO[193]. Research and Development - The company is committed to enhancing its research and development capabilities to meet the growing performance demands of downstream industries[38]. - The company aims to develop new technologies and products with independent intellectual property rights to drive future growth[39]. - The company is actively researching the replacement of rolling bearings with sliding bearings in the wind power generation sector, leading the industry in technical research[39]. - The company has invested in R&D for new materials and processes in collaboration with a Russian academic team, targeting high-end applications in aerospace and renewable energy sectors[60]. - The company’s R&D investment amounted to ¥44,116,130.36 in 2022, representing 6.16% of total revenue, an increase from 5.67% in 2021[80]. - The company is investing 100 million RMB in R&D for innovative materials to improve product durability[191]. - The company is investing heavily in R&D, with a budget allocation of 100 million yuan for new product development in the upcoming year[199]. Market Position and Strategy - The company is positioned advantageously in the domestic self-lubricating materials bearing industry, focusing on improving material performance and extending product lifespan[39]. - The domestic bearing industry has a significant import substitution market, with an annual import requirement of approximately USD 4 billion[33]. - The company has seen an increase in product exports as its competitiveness in certain product areas improves[34]. - The company plans to focus on specialized production in niche markets to achieve scale effects and improve product positioning[36]. - The company aims to expand its market presence through innovative materials and technologies, enhancing product performance and customer satisfaction[79]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[191]. - The company is considering strategic acquisitions to enhance its product offerings and market presence, with potential targets identified in the industry[199]. Governance and Compliance - The governance structure of the company complies with relevant laws and regulations, ensuring fair treatment of all shareholders and maintaining high governance standards[122]. - The company maintains a strict governance structure, ensuring no interference from controlling shareholders in decision-making processes[124]. - The company emphasizes transparency and timely information disclosure, utilizing multiple channels to communicate with investors[125]. - The company has established a complete production system for self-lubricating bearings, ensuring timely and high-quality supply to downstream manufacturers, which enhances its competitive edge[61]. - The company has established a comprehensive internal control system to ensure accurate financial reporting and compliance[171]. - The company has committed to avoiding and minimizing related party transactions with any economic entities it controls[193]. Employee and Social Responsibility - The company has a clear salary management system that includes basic salary, hourly wage, and year-end bonuses for workshop employees[154]. - The company has established a comprehensive welfare system, including social insurance and housing funds, to protect employees' rights and improve their quality of life[185]. - The company has been recognized as a model worker home and an advanced enterprise for creating harmonious labor relations in Zhejiang Province[182]. - The company actively participates in social welfare initiatives, including scholarships and support for local economic development[186]. - The company emphasizes the importance of employee training and development to align with its strategic goals[156]. - The company has established a comprehensive talent incentive mechanism to enhance team cohesion and overall strength[156]. Environmental Compliance - The company strictly adhered to multiple environmental protection laws and standards during its operations[175]. - The company has implemented strict internal control measures, with no major or important defects reported in the internal control evaluation[171]. - The company has established a comprehensive wastewater treatment facility that meets the Grade 3 standard of the "Comprehensive Wastewater Discharge Standard" (GB8978-1996) for chemical oxygen demand[178]. - The company has continuously increased its investment in environmental governance and protection, complying with the Environmental Protection Law and the Environmental Protection Tax Law[180]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[181].

Financial Performance - Revenue for Q3 2022 was CNY 159,285,528.94, a decrease of 24.92% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 9,949,708.28, down 54.97% year-on-year[5] - Basic earnings per share decreased by 53.33% to CNY 0.0700[5] - The company reported a 54.97% decline in net profit attributable to shareholders for the year-to-date, totaling CNY 46,636,475.74[5] - The net profit for the first three quarters of 2022 was CNY 46,541,926.39, a decrease of 41.30% compared to CNY 79,283,398.47 in the same period of 2021[10] - Operating profit decreased by 43.06% to CNY 51,064,144.24 from CNY 89,687,278.06, primarily due to a decline in operating revenue[10] - Total profit decreased by 43.36% to CNY 50,771,544.74 from CNY 89,638,222.56, mainly due to reduced operating profit[10] - Net profit for Q3 2022 was CNY 46.54 million, a decline of 41.4% from CNY 79.28 million in Q3 2021[22] - The total comprehensive income for the third quarter was CNY 46,541,926.39, a decrease from CNY 79,283,398.47 in the previous year[23] - Basic and diluted earnings per share were both CNY 0.32, down from CNY 0.53 in the same period last year[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,226,910,556.04, an increase of 0.47% from the end of the previous year[5] - The company's total assets as of September 30, 2022, amounted to CNY 1.23 billion, slightly up from CNY 1.22 billion at the beginning of the year[19] - Current assets decreased to CNY 583.57 million from CNY 658.28 million, reflecting a reduction of 11.3%[19] - Non-current assets increased to CNY 643.34 million, up 14.3% from CNY 562.87 million at the start of the year[19] - Total liabilities decreased to CNY 217.09 million from CNY 248.30 million, a reduction of 12.6%[20] - The company's equity attributable to shareholders rose to CNY 975.26 million, compared to CNY 958.01 million at the beginning of the year, an increase of 1.4%[20] Cash Flow - Cash flow from operating activities for the year-to-date increased significantly by 1,990.12% to CNY 108,184,030.33[5] - Cash flow from operating activities for the first nine months of 2022 was CNY 108,184,030.33, a significant increase of 1990.12% compared to CNY 5,175,961.09 in 2021[10] - Cash inflow from operating activities totaled CNY 579,210,572.95, compared to CNY 575,609,156.03 in the prior year[24] - Cash outflow for purchasing goods and services was CNY 306,763,750.59, down from CNY 398,909,940.66 year-over-year[24] - Cash flow from investing activities showed a net outflow of CNY 76,667,280.02, an increase of 317.48% compared to CNY -18,364,350.79 in the previous year[10] - Net cash flow from investing activities was -CNY 76,667,280.02, worsening from -CNY 18,364,350.79 in the previous year[25] - Cash flow from financing activities had a net outflow of CNY 41,056,045.98, a decrease of 188.08% compared to CNY 46,609,909.28 in 2021[10] - Cash flow from financing activities resulted in a net outflow of -CNY 41,056,045.98, compared to a net inflow of CNY 46,609,909.28 in the same period last year[25] - The ending balance of cash and cash equivalents was CNY 174,174,213.25, down from CNY 95,957,068.54 in the previous year[25] - The company received CNY 95,000,000.00 in borrowings during the period, compared to CNY 110,000,000.00 in the previous year[25] Expenses and Investments - Sales expenses decreased by 33.55% to CNY 16,863,481.71, mainly due to a reduction in employee compensation and travel expenses[9] - Research and development expenses for Q3 2022 were CNY 33.40 million, a decrease of 8.2% from CNY 36.37 million in Q3 2021[21] - The company reported an investment loss of CNY 930,609.75 in Q3 2022, contrasting with a gain of CNY 2.78 million in the same period last year[22] - The company reported an increase in asset impairment losses of CNY 3,366,287.96, primarily due to increased inventory write-downs[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,637[12] - The largest shareholder, Zhou Yinchun, holds 41.74% of the shares, totaling 60,739,200 shares[12] Future Plans - The company plans to enhance its market expansion strategies and invest in new product development[10]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥369,069,799.50, a decrease of 21.11% compared to ¥467,802,846.14 in the same period last year[22]. - The net profit attributable to shareholders was ¥36,686,767.46, down 33.01% from ¥54,765,359.57 in the previous year[22]. - Basic and diluted earnings per share decreased to ¥0.25, down 34.21% from ¥0.38 in the previous year[22]. - Total profit amounted to 40.78 million yuan, down 37.28% year-on-year[30]. - The company reported a decrease of 34.51% in net profit after deducting non-recurring gains and losses, amounting to ¥33,876,857.72 compared to ¥51,729,873.95 in the previous year[22]. - The weighted average return on equity decreased to 3.78%, down from 6.05% in the previous year[22]. - The company reported a net profit of 266 million, maintaining the same level as the previous period[178]. - The total comprehensive income for the first half of 2022 was CNY 27,005,647.02, down from CNY 44,315,771.92 in the same period of 2021[166]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥55,684,404.58, compared to a negative cash flow of ¥28,322,651.07 in the same period last year, representing a 296.61% improvement[22]. - Cash and cash equivalents increased by 270.98% to CNY 27,030,582.21, driven by improved cash flow from operating activities[52]. - The total assets at the end of the reporting period were ¥1,236,831,932.08, reflecting a 1.28% increase from ¥1,221,159,536.60 at the end of the previous year[22]. - The company's total liabilities increased to CNY 256,576,458.74 from CNY 248,298,151.11, with current liabilities rising to CNY 248,869,380.99 from CNY 239,981,407.27[155]. - The company's equity attributable to shareholders rose to CNY 965,043,972.02 from CNY 958,006,997.34, indicating a stable equity position[155]. Operational Efficiency - Operating costs decreased by 18.26% to ¥268,387,163.33 from ¥328,326,488.21, mainly attributed to the drop in revenue[46]. - Sales expenses were reduced by 32.94% to ¥11,389,387.46 from ¥16,983,683.25, primarily due to decreases in employee compensation, exhibition fees, travel expenses, and business entertainment costs[46]. - The company reported a significant improvement in operational efficiency, with a 3% reduction in costs compared to the previous period[178]. Research and Development - The company specializes in self-lubricating bearings and composite materials, holding leading core technologies and independent intellectual property rights in the industry[30]. - The company maintains a strong R&D capability and has accumulated several excellent achievements in material research and production management[36]. - Research and development expenses were CNY 22,881,338.16, a slight decrease of 1.65% compared to the previous period[52]. - The company is investing 49 million yuan in new product development, focusing on enhancing technology and innovation[175]. - Research and development expenses accounted for 7.2% of total revenue, emphasizing the company's commitment to innovation[175]. Market Position and Strategy - The company exports its products to over 40 countries and regions, including the USA, Japan, and Germany, receiving widespread acclaim from customers[36]. - The company is focused on expanding its production capabilities and enhancing R&D efforts to support future growth[65]. - The company plans to expand its market presence and invest in new product development to drive future growth[178]. - A strategic acquisition of a smaller competitor is in progress, expected to close by Q3 2022, which will enhance the company's market share by 10%[97]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and diversify its product offerings[176]. Environmental and Social Responsibility - The company has established a comprehensive environmental management system, ensuring compliance with wastewater discharge standards[86]. - The company has implemented measures to reduce carbon emissions and has not faced any environmental violations or penalties during the reporting period[91]. - The company actively engages in social responsibility initiatives, including educational scholarships and support for local community development[93]. - The company emphasizes environmental protection by developing resource-saving and eco-friendly products, with plans to increase R&D efforts in this area[93]. Shareholder and Governance Policies - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company has a clear profit distribution policy, ensuring transparency and fairness in shareholder communications[92]. - The company reported a commitment to not transfer or request the repurchase of shares held prior to the IPO for 12 months post-listing[96]. - The company will strictly adhere to the commitments regarding share transfers, with any proceeds from non-compliance being allocated to the company[96]. - The company has established measures to notify and offer any competitive business opportunities to the issuer immediately[101].

Financial Performance - The company's operating revenue for Q1 2022 was ¥193,662,305.73, a decrease of 16.87% compared to ¥232,953,807.88 in the same period last year[3] - Net profit attributable to shareholders was ¥16,777,810.18, down 34.86% from ¥25,755,204.34 year-on-year[3] - Net profit for Q1 2022 was CNY 17,501,687.11, compared to CNY 26,812,777.79 in the same period last year, representing a decline of approximately 34.5%[24] - Earnings per share for Q1 2022 were CNY 0.14, down from CNY 0.21 in the previous period[25] - Operating costs for Q1 2022 were CNY 174,342,870.41, down from CNY 200,971,922.67 in the previous period[23] Cash Flow - The net cash flow from operating activities increased by 120.05%, reaching ¥10,351,833.40, compared to a negative cash flow of -¥51,634,360.82 in the previous year[3] - Cash inflow from operating activities was CNY 199,905,401.61, an increase from CNY 166,101,459.46 in the previous period[26] - The total cash outflow from operating activities was 189,553,568.21 CNY, compared to 217,735,820.28 CNY in the previous year[27] - The net cash flow from investment activities was 7,487,100.40 CNY, a decrease from 144,765,977.28 CNY in the same period last year[27] - Cash inflow from financing activities totaled 50,000,000.00 CNY, compared to 85,000,000.00 CNY in the previous year[28] - The net cash flow from financing activities was 9,017,112.47 CNY, down from 79,159,666.73 CNY year-over-year[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,237,458,446.36, reflecting a 1.33% increase from ¥1,221,159,536.60 at the end of the previous year[3] - The total liabilities as of Q1 2022 were CNY 246,539,598.63, slightly down from CNY 248,298,151.11 in the previous period[22] - The total equity attributable to shareholders of the parent company was CNY 975,340,582.65, an increase from CNY 958,006,997.34 in the previous period[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,098, with the largest shareholder holding 41.74% of the shares[10] - The company has a significant number of shareholders with over 2% ownership, including Jiaxin Tengfei Investment Management Co., Ltd. at 4.99%[12] - The total number of restricted shares at the end of the period was 79,344,000, with no new restrictions added during the period[15] - The company has a scheduled release of restricted shares for major shareholders on February 18, 2023[14] Investment and Expenses - The company reported a significant decrease in financial expenses by 55.92%, amounting to ¥797,838.82 compared to ¥1,810,169.50 in the previous year[9] - Investment income showed a loss of ¥411,789.33, a decline of 125.66% from a profit of ¥1,604,693.14 in the same period last year[9] - Research and development expenses for Q1 2022 were CNY 11,354,765.01, compared to CNY 10,224,598.37 in the previous period, indicating an increase of approximately 11.1%[23] Other Financial Metrics - The weighted average return on equity decreased to 1.74% from 2.88% in the same period last year[3] - The company reported a total of ¥957,602.35 in non-recurring gains and losses for the period[6] - The company reported a decrease in accounts payable to CNY 62,931,636.05 from CNY 55,622,301.90 in the previous period[22] - Deferred income tax liabilities were CNY 420,293.29, a slight decrease from CNY 434,043.84 in the previous period[22]

Financial Performance - The company's operating revenue for 2021 was ¥908,425,867.25, representing a 45.38% increase compared to ¥624,880,957.71 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥100,315,576.26, up 34.39% from ¥74,647,426.47 in the previous year[18]. - The net cash flow from operating activities increased significantly by 182.75%, reaching ¥56,898,813.14 compared to ¥20,123,446.79 in 2020[18]. - The basic earnings per share for 2021 was ¥0.83, reflecting a 31.75% increase from ¥0.63 in 2020[18]. - The total assets at the end of 2021 amounted to ¥1,221,159,536.60, a 5.95% increase from ¥1,152,528,851.25 at the end of 2020[18]. - The net assets attributable to shareholders increased by 8.58% to ¥958,006,997.34 at the end of 2021, compared to ¥882,325,896.51 at the end of 2020[18]. - The company reported a weighted average return on equity of 10.93% for 2021, an increase from 9.36% in 2020[18]. - The total profit reached 116.56 million yuan, reflecting a year-on-year growth of 36.18%[31]. - The company achieved operating revenue of 908.43 million yuan, a year-on-year increase of 45.38%[31]. - The company reported a significant increase in net profit to ¥103,456,400.00, reflecting strong operational performance[67]. Revenue Breakdown - Revenue from the manufacturing sector was ¥895,282,859.34, accounting for 98.55% of total revenue, with a year-on-year growth of 46.56%[51]. - Sales of sliding bearings amounted to ¥578,187,624.14, representing 63.65% of total revenue, with a growth of 30.96% year-on-year[49]. - Domestic sales accounted for 81.53% of total revenue at ¥740,639,448.31, growing by 42.13% year-on-year[51]. - The company saw a significant increase in copper powder sales, which reached ¥100,224,911.83, up 942.06% from ¥9,617,963.91 in the previous year[49]. Market Opportunities and Strategy - The company has identified a substantial market opportunity in the domestic self-lubricating materials bearing industry, with an annual import demand of approximately $4 billion[27]. - The company aims to enhance its R&D capabilities and product quality to meet the increasing demand for high-end bearings, which are currently reliant on imports[28]. - The company is focusing on developing new technologies and products with independent intellectual property rights to drive future growth[30]. - The self-lubricating materials bearing market is expected to see increased specialization and professional division of labor among domestic manufacturers[29]. - The company is positioned as a leader in the domestic self-lubricating materials bearing industry, with a commitment to sustainable development and innovation[30]. Research and Development - The company has completed several R&D projects, including the ZOB-301AZ heavy-duty self-lubricating bearing, which aims to enhance product lifespan and market share in the commercial heavy truck sector[61]. - The SF-2YD new energy mobile charging vehicle bearing project has been completed, allowing for long-term normal charging without maintenance, expanding the company's presence in the new energy sector[61]. - The company is developing a new type of three-layer composite self-lubricating material (ZOB201C POK) to meet environmental requirements and extend product lifespan, which is expected to increase revenue[62]. - The ZOB501G high-load engine lead-free bearing material is in the trial phase, aiming to enter the national six new lead-free bushing market, with user certification already obtained[62]. - The company’s R&D investment amounted to ¥51,475,605.93 in 2021, representing 5.67% of total revenue, an increase from 5.16% in 2020[65]. Operational Efficiency - The company has implemented refined management practices across sales, production, and technology, significantly improving operational efficiency[44]. - The company has invested in advanced automated bearing forming equipment and testing devices to ensure high production efficiency and product quality[44]. - The company aims to enhance its production lines' automation and intelligence to achieve zero defects in product quality[94]. - The company has implemented new operational strategies to improve efficiency and reduce lead times in production[120]. Risk Management - The company has outlined potential risks and countermeasures in its future development outlook, emphasizing the importance of investor awareness regarding these risks[5]. - The company faces risks from raw material price fluctuations, particularly for electrolytic copper, steel plates, copper sleeves, and copper plates, which significantly impact gross margin levels[97]. - Exchange rate fluctuations pose a risk to the company's operating performance, particularly as export settlements are primarily in USD and EUR[98]. - The company will implement measures to strengthen financial planning and management to mitigate exchange rate risks[98]. Shareholder and Governance - The company emphasizes transparency and fair treatment of all investors, ensuring timely and accurate information disclosure[103]. - The company has established a performance evaluation and incentive system linking the income of directors, supervisors, and senior management to the company's operating performance[105]. - The company has a complete governance structure with a board of directors, supervisory board, and shareholders' meeting, ensuring independent decision-making[107]. - The company has a structured compensation plan based on the roles and responsibilities of its directors and senior management, excluding independent directors who receive a fixed allowance[121]. Environmental and Social Responsibility - The company has established a comprehensive environmental monitoring plan, combining online and manual monitoring of pollution sources[160]. - The company is committed to environmental protection, continuously improving production processes and developing eco-friendly materials[164]. - The company actively participates in social welfare initiatives, including scholarships and support for local community development[164]. Future Outlook - The company has set a performance guidance for 2022, aiming for a revenue growth of 15% compared to 2021[115]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[169]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 200 million RMB for strategic investments[169]. - Future guidance estimates a revenue growth of 10-15% for 2022, driven by increased demand and new product launches[169].

Financial Performance - Revenue for Q3 2021 reached ¥212,159,595.10, an increase of 42.98% year-over-year, while year-to-date revenue totaled ¥679,962,441.24, up 60.03% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥22,098,144.54, a 41.72% increase year-over-year, with year-to-date net profit at ¥76,863,504.11, reflecting a 53.77% growth[3]. - Basic earnings per share for Q3 2021 stood at ¥0.18, up 38.46% year-over-year, and diluted earnings per share also at ¥0.18, with year-to-date figures at ¥0.63, a 46.51% increase[3]. - Total operating revenue for Q3 2021 reached ¥679,962,441.24, compared to ¥424,896,947.58 in the same period last year, indicating a significant increase[21]. - Operating profit for the period was ¥89,687,278.06, up from ¥56,738,087.75 year-on-year, reflecting improved operational efficiency[22]. - Net profit attributable to the parent company was ¥76,863,504.11, compared to ¥49,987,249.93 in the previous year, representing a growth of approximately 53.8%[22]. - The total comprehensive income attributable to the parent company was CNY 76,863,504.11, compared to CNY 49,987,249.93 in the previous period, representing a significant increase[23]. - Basic and diluted earnings per share increased to CNY 0.63 from CNY 0.43, reflecting improved profitability[23]. Assets and Liabilities - The company's total assets as of the end of Q3 2021 were ¥1,209,728,311.29, representing a 4.96% increase from the end of the previous year[3]. - Total assets increased to ¥1,209,728,311.29 from ¥1,152,528,851.25, showing a growth of about 4.9%[20]. - Current liabilities decreased slightly to ¥242,649,929.55 from ¥249,304,347.58, indicating better management of short-term obligations[19]. - The company’s total liabilities stood at ¥260,869,839.55, a slight increase from ¥258,489,377.58, reflecting stable financial leverage[19]. Cash Flow - Cash flow from operating activities for the year-to-date period was ¥5,175,961.09, down 71.19% compared to the same period last year[7]. - Cash inflow from operating activities totaled CNY 575,609,156.03, up from CNY 289,170,580.66 in the previous period[25]. - The net cash flow from operating activities was CNY 5,175,961.09, a decrease from CNY 17,965,905.43 in the previous period[26]. - Cash inflow from investment activities was CNY 548,862,220.40, compared to CNY 260,978,250.08 in the previous period[26]. - The net cash flow from investment activities was negative at CNY -18,364,350.79, an improvement from CNY -306,243,111.31 in the previous period[26]. - Cash inflow from financing activities was CNY 115,000,000.00, down from CNY 368,166,750.05 in the previous period[27]. - The net cash flow from financing activities decreased to CNY 46,609,909.28 from CNY 306,023,794.90 in the previous period[27]. - The ending balance of cash and cash equivalents was CNY 95,957,068.54, compared to CNY 59,543,996.74 in the previous period[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,259[9]. - The largest shareholder, Zhou Yingchun, holds 41.74% of the shares, totaling 50,616,000 shares[9]. - The company’s major shareholders include Jiaxing Shunfei Equity Investment Management Co., Ltd. with 6.06% and Jiaxing Tengfei Equity Investment Management Co., Ltd. with 4.99%[9]. - The company has a total of 75,792,000 restricted shares, with 11,606,400 shares released during the reporting period[13]. - The company has a plan to release 8,436,000 shares held by Zhou Yingchun on February 18, 2023[12]. - The company’s total restricted shares held by major shareholders include 50,616,000 shares held by Zhou Yingchun and 7,344,000 shares held by Jiaxing Shunfei[12]. Research and Development - Research and development expenses increased by 63.97% year-over-year to ¥36,365,199.14, indicating a significant investment in innovation[7]. - Research and development expenses for the quarter were ¥36,365,199.14, compared to ¥22,178,022.10 in the previous year, highlighting a focus on innovation[21]. Borrowings and Financial Management - Short-term borrowings surged by 259.99% to ¥90,091,224.99, primarily due to increased bank loans[6]. - Short-term borrowings increased significantly to ¥90,091,224.99 from ¥25,026,222.23, suggesting a potential strategy to leverage financing for growth[19]. Other Financial Metrics - The net profit margin for Q3 2021 was approximately 10.41%, reflecting strong profitability amidst revenue growth[3]. - The company experienced a 51.61% decrease in trading financial assets, totaling ¥105,000,000.00, due to the maturity of financial products[6]. - The company’s trading financial assets decreased to ¥105,000,000.00 from ¥217,000,000.00 year-over-year[17]. - Inventory levels rose to ¥136,310,366.24 from ¥110,085,655.46, reflecting increased production or stockpiling strategies[19]. - The company reported a total equity of ¥948,858,471.74, up from ¥894,039,473.67, indicating a strengthening of the financial position[20]. Audit Status - The report for the third quarter was not audited, indicating that the figures may be subject to change[28].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥467,802,846.14, representing a 69.18% increase compared to ¥276,509,651.04 in the same period last year[22]. - The net profit attributable to shareholders was ¥54,765,359.57, up 59.23% from ¥34,394,805.60 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥51,729,873.95, showing a significant increase of 99.53% compared to ¥25,925,513.02 in the same period last year[22]. - The basic earnings per share increased to ¥0.45, a 50.00% rise from ¥0.30 in the previous year[22]. - Total profit amounted to 65.01 million CNY, with a year-on-year increase of 68.11%[29]. - The company reported a significant increase in revenue for the first half of 2021, achieving a total of 1.5 billion CNY, representing a year-over-year growth of 20%[110]. - The company reported a total comprehensive income for the first half of 2021 was 25,584,012.44 yuan, reflecting a significant increase compared to the previous period[196]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,198,445,471.73, reflecting a 3.98% increase from ¥1,152,528,851.25 at the end of the previous year[22]. - The net assets attributable to shareholders increased to ¥912,299,276.30, up 3.40% from ¥882,325,896.51 at the end of the previous year[22]. - The company's total liabilities as of June 30, 2021, were CNY 272,634,180.95, compared to CNY 258,489,377.58 at the end of 2020, reflecting an increase of about 5.5%[161]. - The company's equity attributable to shareholders rose to CNY 912,299,276.30 from CNY 882,325,896.51, indicating an increase of approximately 3.0%[162]. Cash Flow - The net cash flow from operating activities was negative at -¥28,322,651.07, a decline of 703.97% compared to a positive cash flow of ¥4,689,385.89 in the same period last year[22]. - The company reported a net cash outflow of ¥15,809,403.85, a 296.07% decrease compared to a net inflow of ¥8,063,143.68 in the previous year, mainly due to cash outflows from investment activities[55]. - The company’s cash and cash equivalents decreased to CNY 50,465,019.41 from CNY 65,474,423.26, representing a decline of approximately 23.0%[159]. Research and Development - The company has established a strong R&D capability and technology transfer ability, contributing to its competitive advantage in the self-lubricating bearing market[29]. - Research and development expenses increased by 64.93% to ¥23,266,281.87 from ¥14,106,785.53, reflecting the company's commitment to enhancing R&D efforts[55]. - The company is investing in R&D, with a budget increase of 30% for new technology development[101]. Market and Product Development - The company specializes in self-lubricating bearings and composite materials, holding leading core technologies and independent intellectual property rights in the industry[29]. - The company has developed several innovative products, including SF-type composite bearings and JF-MP friction welding bearings, recognized as key national new products and included in the National Torch Program[46]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2022[103]. Risk Management - The management has highlighted potential risks and countermeasures in the report, urging investors to remain aware of investment risks[5]. - The company faces risks from fluctuations in raw material prices, particularly for copper powder and steel plates, which significantly impact gross margin levels[83]. - To mitigate raw material price risks, the company is closely monitoring price trends and adjusting material reserves accordingly[83]. Corporate Governance and Compliance - The company has committed to fulfilling all public commitments made during the IPO process[107]. - The company will ensure that any related party transactions are conducted at fair market prices to protect the interests of shareholders[105]. - The company has established a robust employee rights protection system, ensuring compliance with labor laws and providing various social insurance benefits[97]. Future Outlook - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20%[101]. - The management emphasized the importance of sustainability initiatives, targeting a 25% reduction in carbon emissions by 2025[101]. - The company aims to enhance shareholder value through strategic investments and potential mergers and acquisitions in the future[189].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 232,953,807.88, representing a 92.49% increase compared to CNY 121,019,431.66 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was CNY 25,755,204.34, up 96.61% from CNY 13,099,858.85 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 23,981,617.01, reflecting a significant increase of 137.84% compared to CNY 10,082,997.31 in the previous year[8] - Basic earnings per share for Q1 2021 were CNY 0.25, a 31.58% increase from CNY 0.19 in the previous year[8] - The company achieved operating revenue of 232.95 million CNY, a year-on-year increase of 92.49%[22] - Net profit for the period was 25.76 million CNY, reflecting a year-on-year growth of 96.61%[22] - The increase in revenue was driven by the continuous growth in the engineering machinery industry and the recovery of the automotive sector[22] - The total comprehensive income for Q1 2021 was CNY 26,812,777.79, compared to CNY 13,099,858.85 in the previous year, reflecting a growth of about 104%[48] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -51,634,360.82, but improved by 228.94% from CNY -15,697,230.69 in the same period last year[8] - Cash and cash equivalents increased by 262.73% to CNY 237,494,894.69, primarily due to the maturity of financial assets[19] - The company reported a net cash outflow from operating activities of CNY -51,634,360.82, a 228.94% increase in outflow compared to the previous year[20] - Cash flow from financing activities decreased by 81.13% to 5.84 million CNY, primarily due to reduced bank loan repayments and intermediary fees[21] - The net cash flow from financing activities was 79.16 million CNY, down 75.81% compared to the previous year[21] - The cash inflow from operating activities was 166,101,459.46 CNY, compared to 80,695,671.02 CNY in the previous period, showing improved sales performance[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,181,085,650.33, a 2.48% increase from CNY 1,152,528,851.25 at the end of the previous year[8] - Current liabilities decreased to CNY 225,876,963.26 from CNY 249,304,347.58, reflecting a reduction of approximately 9.5%[39] - The total equity attributable to shareholders rose to CNY 908,545,790.35 from CNY 882,325,896.51, marking an increase of about 3%[40] - The total liabilities increased slightly to CNY 259,768,709.37 from CNY 258,489,377.58, indicating a marginal rise of about 0.5%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,164[12] - The largest shareholder, Zhou Yinchun, holds 41.74% of the shares, totaling 42,180,000 shares[12] Research and Development - Research and development expenses increased by 79.39% to CNY 10,224,598.37, reflecting the company's commitment to innovation[19] - The company has committed to increasing production capacity by 13.6 million sets of sliding bearings, with a project completion target set for September 2022[28] - The construction of a new R&D center is underway, with an investment of CNY 4 million and a progress rate of 10.65% as of the report date[28] Market Strategy and Future Plans - The company plans to continue expanding its market presence and investing in new technologies[19] - The company plans to enhance its technological and management capabilities to improve market competitiveness amid intensified industry competition[24] - The company has not experienced any significant changes in its annual operating plan during the reporting period[22] Non-Recurring Gains and Other Financial Metrics - The company reported non-recurring gains of CNY 1,773,587.33 during the reporting period, primarily from government subsidies and asset disposals[9] - The company reported investment income of CNY 1,604,693.14 for Q1 2021, a significant increase from CNY 33,335.07 in the previous year[46] - The company experienced a credit impairment loss of CNY -2,577,827.82 in Q1 2021, compared to CNY -1,722,853.39 in the previous year, highlighting an increase in credit risk[46]

Financial Performance - The company's operating revenue for 2020 was ¥624,880,957.71, representing a 17.99% increase compared to ¥529,584,726.03 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥74,647,426.47, which is a 10.65% increase from ¥67,461,378.50 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥61,575,818.19, up 6.28% from ¥57,939,294.63 in 2019[17]. - The basic earnings per share for 2020 decreased to ¥0.77, down 8.33% from ¥0.84 in 2019[17]. - The total assets at the end of 2020 reached ¥1,152,528,851.25, an 85.14% increase from ¥622,501,924.71 at the end of 2019[17]. - The net assets attributable to shareholders increased by 79.04% to ¥882,325,896.51 from ¥492,802,847.17 in 2019[17]. - The net cash flow from operating activities significantly decreased by 74.28% to ¥20,123,446.79 from ¥78,239,915.78 in the previous year[17]. - The weighted average return on net assets for 2020 was 9.36%, down 5.16% from 14.52% in 2019[17]. Revenue Breakdown - The company's total revenue for the four quarters was as follows: Q1: 121.02 million, Q2: 155.49 million, Q3: 148.39 million, Q4: 199.98 million[19]. - Net profit attributable to shareholders for the four quarters was: Q1: 13.10 million, Q2: 21.29 million, Q3: 15.59 million, Q4: 24.66 million[19]. - The manufacturing sector contributed 610.87 million yuan, accounting for 97.76% of total revenue, with a growth of 16.65% year-on-year[64]. - Domestic sales reached 521.09 million yuan, representing 83.39% of total revenue, with a year-on-year increase of 26.86%[64]. Product and Market Development - The company specializes in self-lubricating bearings and related materials, holding strong core technologies and intellectual property rights in this field[26]. - The main products include various series of self-lubricating bearings, which are widely used in automotive, engineering machinery, hydraulic systems, and mold industries[27][28][29][30]. - The company launched seven new products in 2020, including high-performance self-lubricating bearings and precision components, which passed provincial-level new product acceptance[60]. - The company acquired 80% of Jinhua Shuangfei Chengkai Alloy Materials Co., Ltd., enhancing its core business and improving raw material quality[60]. Cash Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥2.5 per 10 shares, with no bonus shares issued[5]. - The cash dividend amount represents 33.85% of the company's net profit attributable to ordinary shareholders for the year 2020[134]. - The total distributable profit for the year is RMB 365,203,262.75, with the cash dividend accounting for 100% of the profit distribution[132]. - The company has maintained a consistent cash dividend policy, with previous distributions of RMB 21,055,000 in 2019 and RMB 18,948,000 in 2018[134]. Investment and Financial Management - The company reported an investment amount of ¥878,898,253.06 for the reporting period, representing a significant increase of 724.25% compared to the previous year's investment of ¥106,629,515.11[91]. - The company has a total of ¥33,575,670 in raised funds, with no changes in usage reported[96]. - The company has established a special account for raised funds and signed a tripartite supervision agreement with banks to ensure proper management and usage of the funds[98]. - The company has committed to returning any temporarily used funds to the special account within 12 months[100]. Risk Management - The company has acknowledged potential risks in its operations and has detailed measures to address these risks in its report[5]. - The company faces risks from raw material price fluctuations, particularly for copper and steel, which could impact profit margins[118]. - The company is exposed to intensified industry competition, necessitating continuous technological and management improvements to maintain market share[119]. - The company is subject to exchange rate fluctuations, particularly with USD and EUR, which could affect export sales and overall performance[119]. Corporate Governance and Compliance - The company has not reported any significant discrepancies in financial data according to different accounting standards during the reporting period[19][20]. - The company has not experienced any major litigation or arbitration during the reporting period[155]. - The company has established measures to ensure compliance with relevant laws and regulations to avoid administrative penalties[145]. - The company has committed to strictly fulfill all public commitments made during the IPO process, ensuring accountability for any failures[142]. Environmental Responsibility - The company has established and maintained effective pollution control facilities, achieving compliance with the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) for chemical oxygen demand[180]. - The company has completed environmental impact assessments for all production projects, which have been approved or filed[180]. - The company has not experienced any pollution incidents or disputes during the reporting period, and there were no administrative penalties for violations of environmental protection laws[183]. - The company has implemented an environmental self-monitoring plan, combining online and manual monitoring of pollution sources[182]. Shareholder Structure and Stock Management - The company has a shareholder structure where domestic natural persons hold 60.20% of shares, while domestic legal persons hold 14.80%[194]. - The company’s stock issuance was approved by the China Securities Regulatory Commission, with the first public offering being 21.06 million shares[197]. - The total number of common shareholders at the end of the reporting period is 11,915, an increase from 11,164 at the end of the previous month, representing a growth of approximately 6.7%[199]. - The largest shareholder, Zhou Yingchun, holds 41.74% of the shares, totaling 42,180,000 shares, with no changes during the reporting period[199].

Financial Performance - Operating revenue for the reporting period was ¥148,387,296.54, representing a year-on-year increase of 27.36%[8] - Net profit attributable to shareholders of the listed company was ¥15,592,444.33, up by 2.40% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 10.71% to ¥12,878,558.70[8] - Basic earnings per share were ¥0.15, a decrease of 21.05% compared to the same period last year[8] - The weighted average return on net assets was 1.83%, down by 1.44% year-on-year[8] - Total operating revenue for the third quarter reached ¥148,387,296.54, an increase from ¥116,513,736.88 in the previous period, representing a growth of approximately 27.4%[37] - Total operating costs amounted to ¥132,881,362.23, up from ¥103,297,481.47, indicating an increase of about 28.7%[38] - Net profit for the period was ¥15,592,444.33, slightly higher than ¥15,227,441.93 from the previous year, reflecting a growth of 2.4%[39] - Earnings per share (EPS) for the current period was ¥0.15, compared to ¥0.19 in the same period last year, showing a decrease of 21.1%[40] - The total comprehensive income for the current period was ¥49,987,249.93, compared to ¥47,761,190.31 in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥988,648,994.86, an increase of 58.82% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company amounted to ¥857,475,258.40, reflecting a growth of 74.00% year-on-year[8] - The company's total liabilities decreased by 52.38% in short-term borrowings to ¥10,000,000.00 from ¥21,000,000.00, primarily due to repayment of bank loans[16] - Total liabilities amounted to CNY 131.17 million, slightly up from CNY 129.70 million, showing a marginal increase of 1.1%[31] - The company's equity attributable to shareholders increased significantly to CNY 857.48 million from CNY 492.80 million, a growth of 74.0%[32] - Total current assets amounted to CNY 299,387,451.05, with cash and cash equivalents at CNY 47,156,181.79 and accounts receivable at CNY 113,349,182.92[63] - Total non-current assets reached CNY 323,114,473.66, including fixed assets of CNY 248,364,102.37 and intangible assets of CNY 29,807,440.58[64] - Total assets were CNY 622,501,924.71, while total liabilities stood at CNY 129,699,077.54, resulting in total equity of CNY 492,802,847.17[66] Cash Flow - The net cash flow from operating activities was ¥13,276,519.54, down 52.10% year-on-year[8] - Cash received from investment activities surged by 582.33% to ¥260,330,566.58 from ¥38,153,145.36, mainly due to the maturity of bank financial products[18] - The net cash flow from operating activities decreased by 63.26% to ¥17,965,905.43 from ¥48,906,438.47, primarily due to increased cash payments for goods and services[17] - The company reported a significant increase in cash outflow from investment activities, totaling CNY 567,221,361.39, compared to CNY 64,653,114.19 in the previous period, marking an increase of over 775%[57] - The net cash flow from financing activities was CNY 306,023,794.90, a turnaround from a negative cash flow of CNY 40,380,215.63 in the previous period[57] - The ending balance of cash and cash equivalents was CNY 59,543,996.74, up from CNY 31,826,275.50 in the previous period, representing an increase of approximately 87%[57] Shareholder Information - The company reported a total of 13,237 common shareholders at the end of the reporting period[12] - The company is focusing on expanding its market presence and developing new technologies to enhance product offerings[30] - Future guidance indicates a continued emphasis on increasing operational efficiency and exploring potential mergers and acquisitions to drive growth[30] Government Support - Government subsidies recognized during the reporting period amounted to ¥9,409,245.83, primarily from business-related government support[9] Research and Development - Research and development expenses rose to ¥8,071,236.57 from ¥6,454,952.78, an increase of approximately 24.9%[38] - Research and development expenses increased to ¥22,178,022.10, compared to ¥20,090,301.26 in the prior period, reflecting a growth of 10.4%[47]