证券代码：300818 证券简称：耐普矿机 编号：2022-001 江西耐普矿机股份有限公司 投资者关系活动记录 | --- | --- | --- | |---------------------------|---------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

证券代码：300818 证券简称：耐普矿机 编号：2022-002 江西耐普矿机股份有限公司 投资者关系活动记录 | --- | --- | --- | |------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

江西耐普矿机股份有限公司 2022 年第三季度报告 | 证券代码：300818 | 证券简称：耐普矿机 | 公告编号：2022-101 | | --- | --- | --- | | 债券代码：123127 | 债券简称：耐普转债 | | 江西耐普矿机股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季 度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 单位：元 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥404,005,083.84, a decrease of 5.01% compared to ¥425,304,865.92 in the same period last year[19]. - Net profit attributable to shareholders increased by 156.27% to ¥129,863,910.98, up from ¥50,674,421.19 in the previous year[19]. - The basic earnings per share rose by 161.17% to ¥1.8958, compared to ¥0.7259 in the same period last year[19]. - The net cash flow from operating activities was negative at -¥27,690,416.14, a decline of 360.26% from ¥10,639,344.88 in the previous year[19]. - Total assets at the end of the reporting period were ¥1,903,145,937.57, a decrease of 0.82% from ¥1,918,861,032.49 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 11.75% to ¥1,238,840,699.32, compared to ¥1,108,601,247.70 at the end of the previous year[19]. - The weighted average return on equity was 11.06%, up from 5.67% in the previous year, reflecting improved profitability[19]. - The company reported a net profit excluding non-recurring gains and losses of ¥52,254,932.21, a slight increase of 5.10% from ¥49,721,040.63 in the previous year[19]. - Operating costs decreased by 12.31% to ¥277,482,914.33, indicating improved cost management[88]. - The company’s cash and cash equivalents decreased by 27.04% to -¥110,169,393.99, attributed to capital expenditures for new factory construction[89]. Market Position and Strategy - The company operates in the specialized equipment manufacturing industry, specifically in the mining machinery sector, which has seen stable long-term development trends[28]. - The demand for mining equipment and spare parts remains consistent due to the harsh operating conditions in mining, leading to frequent replacements of spare parts[32]. - The company has established stable partnerships with major mining companies, including Jiangxi Copper Group and Zijin Mining, enhancing its market position[35]. - The company is focusing on expanding its international market presence, targeting regions rich in metal resources such as Central Asia, South America, and Australia[36]. - The company has set up subsidiaries in several countries, including Mongolia and Australia, to enhance brand recognition and market expansion[36]. - The company has established three main methods for acquiring overseas orders: direct pricing negotiations with clients, product recommendations based on client needs, and communication through e-commerce platforms[57][58]. - The company targets large modern non-ferrous and ferrous metal mining enterprises, focusing on international markets in resource-rich regions such as South America, Australia, and Africa[60]. - The company has accumulated quality client resources and established long-term partnerships in major mineral resource areas, laying a foundation for deeper market penetration[60]. Product Development and Innovation - The company has developed high-performance rubber wear-resistant materials that effectively replace traditional metal materials, improving operational efficiency and reducing costs[38]. - The company’s product range includes over a hundred types of rubber wear-resistant mining equipment and parts, with a strong capability for customized product development[65]. - The company has advanced research capabilities in polymer composite materials, collaborating with universities to enhance the performance and stability of wear-resistant materials[70][71]. - The company has developed a dry method for rubber refining, significantly improving the performance of mixed rubber compared to traditional methods, and has obtained a national invention patent for this technology[72]. - The new polymer wear-resistant materials have a wear resistance that is 1.5 to 3 times better than traditional metal materials, enhancing the lifespan of mining equipment[73]. - The use of rubber wear-resistant materials reduces equipment costs for mining companies and minimizes downtime for replacing consumable parts, leading to significant economic benefits[74]. - The density of rubber materials is approximately 1/6 that of metal, resulting in lower energy consumption and operational costs for mining equipment[75]. - The company has developed large-scale and high-end products, such as heavy-duty slurry pumps and hydrocyclones, which fill domestic gaps and compete with international brands[67][68]. Financial Management and Investments - The company has committed a total of RMB 73,855.38 million for investment projects, with a cumulative investment of RMB 73,125.63 million as of the report date[103]. - The project for upgrading mining equipment and rubber spare parts has been terminated due to overall relocation, with remaining funds redirected to new investment projects[104]. - The investment progress for the project of upgrading mining equipment and high molecular wear-resistant materials is at 68.42%, with an investment of RMB 1,792.05 million out of RMB 2,614.96 million[103]. - The Chile marketing service center project has a current investment progress of 23.84%, with RMB 509.13 million invested out of RMB 2,136 million[103]. - The company has utilized RMB 4,000 million of idle raised funds temporarily to supplement working capital, with a plan to return the funds within 12 months[104]. - The company has not reported any changes in the use of raised funds during the reporting period[105]. - The company has not engaged in any significant related party transactions during the reporting period[144]. Risks and Challenges - The company faces risks from market competition, particularly in the high-end mining equipment sector, where demand is increasing but supply is limited due to high design and manufacturing requirements[114]. - Direct material costs account for over 70% of production costs, with significant price volatility in key materials like steel and rubber impacting profitability[115]. - The company is expanding its overseas market presence, particularly in South America, which introduces additional operational risks due to varying international market conditions[116]. - Customer concentration risk exists, as the company has established long-term relationships with major clients, which could impact performance if demand from these clients declines[118]. - Currency exchange rate fluctuations pose a risk to revenue and profit levels, especially as the company increases its foreign sales[119]. Corporate Governance and Compliance - The company is committed to improving its corporate governance structure and ensuring compliance with relevant laws and regulations[129]. - The company emphasizes employee safety, labor protection, and health, ensuring corporate responsibility is fulfilled[130]. - A comprehensive performance evaluation system has been established to support employee development and mutual growth with the company[130]. - The company actively engaged with investors through various communication channels, enhancing shareholder participation[129]. - The company maintained a stable financial policy, ensuring the safety of assets and funds while protecting shareholder interests[129]. Shareholder Information - The company has 100% ownership in Nepe Mexico, which reported a loss of ¥1,418 million during the reporting period[95]. - The company has a total of 70,001,101 shares outstanding, with 54.46% being restricted shares[162]. - The largest shareholder, Zheng Hao, holds 53.37% of the total shares, amounting to 37,357,000 shares, with 3,710,000 shares pledged[167]. - The total number of ordinary shareholders at the end of the reporting period was 12,254, with no preferred shareholders[167]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[171].

江西耐普矿机股份有限公司 2022 年第一季度报告 2022 年第一季度报告 债券代码：123127 债券简称：耐普转债 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 证券代码：300818 证券简称：耐普矿机 公告编号：2022-037 江西耐普矿机股份有限公司 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期 | | --- | --- | --- | --- | | | | | 增减 | | 营业收入（元） | 223,972,275.17 | 87,874,791.83 | 154.88% | | 归属于上市公司股东的净利 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[16] - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[16] - The company's operating revenue for 2021 was ¥1,053,025,264.83, representing a 186.03% increase compared to ¥368,147,995.04 in 2020[21] - The net profit attributable to shareholders for 2021 was ¥184,159,656.85, a significant increase of 353.33% from ¥40,623,351.54 in 2020[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥159,946,248.37, marking a 1,284.28% increase from ¥11,554,460.03 in 2020[21] - The basic earnings per share for 2021 was ¥2.650, up 334.43% from ¥0.61 in 2020[21] - The total assets at the end of 2021 amounted to ¥1,918,861,032.49, an increase of 11.83% from ¥1,715,852,195.69 at the end of 2020[21] - The net assets attributable to shareholders at the end of 2021 were ¥1,108,601,247.70, reflecting a 26.76% increase from ¥874,554,438.34 at the end of 2020[21] - The company achieved quarterly revenues of ¥398,350,475.60 in Q4 2021, contributing to a total annual revenue growth[24] - The company reported a significant increase in sales of mining pipelines by 35.48% to 2,020 units[112] - The company reported a significant decrease in net cash flow from operating activities, amounting to -37,274,705.86 yuan, a decline of 110.53% compared to the previous year[128] Research and Development - The company plans to invest RMB 200 million in research and development for new mining machinery technologies in 2022[16] - Research and development investment amounted to CNY 25.17 million, reflecting a 63.77% increase year-on-year[98] - The company is committed to ongoing research in high polymer composite materials to further enhance its competitive advantage in the market[41] - The company has established partnerships with universities for research on rubber compounding methods, leading to improved material performance and stability[80] - New product development is underway, with an investment of $10 million allocated for research and development in innovative technologies[194] - The company has allocated 100 million RMB for research and development in advanced mining technologies over the next two years[200] Market Expansion - User data indicates a 20% increase in the number of active clients, reaching 1,500 clients by the end of 2021[16] - The company has expanded its market presence in Southeast Asia, with a 30% increase in sales in that region[16] - The company plans to enhance its global production layout, with new facilities in Zambia and Chile to support international market expansion[158] - The company aims for international sales revenue to account for 60%-80% of total revenue, focusing on markets in South America[158] - The company has established subsidiaries in several countries, including Australia and Peru, to improve brand recognition and expand its international market presence[42] - The company has established three wholly-owned subsidiaries in Zambia, Singapore, and Ecuador, expanding its operational footprint[118] Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[16] - A strategic acquisition is in progress, with the company aiming to acquire a competitor valued at $50 million to enhance its product offerings[194] - The company has established a strategic partnership with a leading mining firm in Mongolia to enhance operational efficiency and market access[16] - The company has established stable partnerships with major mining firms, including Jiangxi Copper Group and Zijin Mining, enhancing its market recognition and competitive edge[41] - The company has established long-term cooperative relationships with quality clients in major mineral resource-rich regions, laying a foundation for deeper market penetration[69] Product Development and Innovation - The company has launched a new line of eco-friendly mining machinery, which is expected to contribute significantly to revenue in the coming years[16] - The company’s main products include slurry pumps and rubber composite liners, which are designed to meet the growing demand for efficient and durable mining equipment[46] - The company focuses on high-performance rubber wear materials, which have shown significant advantages over traditional metal materials in terms of wear resistance and environmental impact[45] - The company has developed advanced polymer composite materials, enhancing the performance and lifespan of wear-resistant products[79] - The composite application of wear-resistant materials has increased the lifespan of the feed end composite liner from approximately 3 months to 5 months, reducing downtime and improving operational efficiency[88] Financial Management - No cash dividends will be distributed for the year, as the company aims to reinvest profits into growth initiatives[4] - The company has secured overseas orders through direct negotiations, product recommendations, and e-commerce platforms[65][66] - The company has a cash management balance of ¥200 million from raised funds, indicating liquidity management strategies[138] - The company raised ¥400 million through convertible bonds, with a net amount of ¥392.70 million after deducting issuance costs, and has utilized the full amount for project investments[142] - The company has a high proportion of overseas assets, indicating potential for international market expansion[135] Operational Efficiency - The company has implemented cost-cutting measures, resulting in a 10% reduction in operational expenses compared to the previous year[192] - Jiangxi Naipu's operational efficiency improved, with a reduction in production costs by 10% due to optimized supply chain management[200] - The company emphasizes after-sales service to enhance user experience and improve product performance and mining efficiency[67] - The company adopts a "sales-driven production" model, determining output based on inventory and market conditions[60] Governance and Compliance - The board of directors consists of 7 members, including 4 independent directors, complying with relevant laws and regulations[177] - The company has a total of 3 supervisors, including 1 employee supervisor, ensuring compliance with legal and regulatory requirements[178] - The company emphasizes information disclosure and investor relations management, with the chairman as the primary responsible person for information disclosure[180] - The company maintains a complete and independent financial management system, with no shared bank accounts with controlling shareholders[188] - The company has established specialized committees under the board, including a strategy committee and an audit committee, to provide professional decision-making support[177]

Financial Performance - The company's operating revenue for the third quarter reached ¥229,369,923.31, representing a year-on-year increase of 101.95%[4] - The net profit attributable to shareholders was ¥44,665,909.65, a significant increase of 375.20% compared to the same period last year[4] - The basic earnings per share (EPS) for the quarter was ¥0.6418, reflecting a growth of 374.35% year-on-year[4] - Total operating income for the year-to-date reached ¥654,674,789.23, marking a substantial increase of 164.01% compared to the same period last year[9] - Net profit for the current period was ¥95,274,393.85, compared to ¥26,506,934.63 in the previous period, marking an increase of about 259.5%[25] - Basic and diluted earnings per share increased to ¥1.370 from ¥0.400, reflecting a substantial improvement in profitability[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,663,917,032.85, a decrease of 3.03% from the end of the previous year[5] - Total assets decreased to ¥1,663,917,032.85 from ¥1,715,852,195.69, a decline of approximately 3.9%[22] - Total current assets decreased from ¥1,267,897,971.59 at the end of 2020 to ¥1,010,960,288.62, a reduction of about 20.2%[20] - The company's total liabilities decreased from ¥835,799,391.43 at the end of 2020 to ¥716,533,319.10, a decrease of approximately 14.2%[20] - Total liabilities decreased to ¥716,533,319.10 from ¥835,799,391.43, a reduction of about 14.2%[22] - Total liabilities amounted to $838.05 million, up from $835.80 million in the previous period[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,534[11] - The largest shareholder, Zheng Hao, holds 53.37% of shares, totaling 37,357,000 shares, with 3,000,000 shares pledged[11] - The company's equity attributable to shareholders increased by 7.70% to ¥941,870,589.01 compared to the end of the previous year[5] - The company's equity attributable to shareholders was $874.46 million, a minor decrease from $874.55 million year-over-year[32] Cash Flow and Investments - Cash and cash equivalents decreased by 173.74% to a net decrease of ¥256,415,348.8, mainly due to capital expenditures and spending related to the Erdent project[9] - Cash flow from operating activities was ¥454,362,162.16, down from ¥647,185,999.32, a decrease of about 29.8%[27] - Total cash inflow from operating activities was $454.36 million, down from $647.19 million year-over-year[28] - Cash outflow from investing activities totaled $227.77 million, compared to $998.00 million in the prior period, resulting in a net cash flow of -$198.54 million from investing activities[29] - Cash inflow from financing activities was $64.00 million, a decrease from $381.24 million in the previous period, with a net cash flow of $12.77 million[29] Research and Development - Research and development expenses for the quarter amounted to ¥15,940,191.31, an increase of 44.52% year-on-year, indicating a focus on enhancing project development[9] - Research and development expenses increased to ¥15,940,191.31 from ¥11,029,871.05, representing a growth of approximately 44.5%[24] Inventory and Capital Expenditures - The company reported a significant increase in inventory, which rose by 83.73% to ¥197,986,564.6, primarily due to increased stock for the Erdent project[8] - The company’s inventory increased from ¥107,759,798.77 at the end of 2020 to ¥197,986,564.58, an increase of approximately 83.6%[20] - The company made cash payments of $227.77 million for the acquisition of fixed assets, intangible assets, and other long-term assets, compared to $198.00 million in the prior period[29] Corporate Developments - The company established a wholly-owned subsidiary in Ecuador, registered on August 25, 2021[16] - The company is in the process of relocating its office and production facilities, expected to be completed by mid-2022[16] - The company plans to issue convertible bonds totaling ¥40,000,000 for technology upgrades and working capital[17] Audit and Compliance - The company has not audited its third-quarter report[34] - The new lease accounting standard was not applicable for the company[34]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 425,304,865.92, representing a 216.45% increase compared to the same period last year[19]. - The net profit attributable to shareholders for the same period was CNY 50,674,421.19, an increase of 185.39% year-on-year[19]. - The net profit after deducting non-recurring gains and losses reached CNY 49,721,040.63, showing a significant increase of 470.04% compared to the previous year[19]. - The basic earnings per share for the first half of 2021 was CNY 0.7259, up 174.23% from CNY 0.2647 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 1,688,720,795.46, a decrease of 1.58% from the end of the previous year[19]. - The net assets attributable to shareholders increased by 2.96% to CNY 900,467,080.69 compared to the end of the previous year[19]. - The net cash flow from operating activities was CNY 10,639,344.88, a significant decrease of 96.64% compared to the previous year[19]. - The weighted average return on net assets was 5.67%, an increase of 3.28 percentage points from the previous year[19]. Business Operations - The company specializes in the research, production, and sales of heavy mining equipment and wear-resistant parts, focusing on high-performance rubber materials[27]. - The company's products have been applied in large metal mines domestically and exported to countries including Mongolia, Russia, Kazakhstan, Australia, Mexico, the USA, and Peru[27]. - The main products include slurry pumps, hydrocyclones, and cylindrical screens, which are essential for mineral processing operations[28]. - The company has established stable partnerships with well-known mining companies such as Jiangxi Copper Group and Zijin Mining[27]. - The company emphasizes the advantages of its products, including long service life and cost-effectiveness, which meet the demands of both supply and demand sides[28]. - The company’s new polymer composite rubber materials effectively replace traditional metal materials, reducing operational costs and enhancing environmental protection[27]. - The company’s slurry pumps are designed for high efficiency and long service life, featuring automatic adjustment capabilities[32]. - The company’s flotation systems utilize flotation machines to separate valuable minerals from waste rock, achieving effective mineral separation[34]. Market Expansion - The company has established subsidiaries in Australia, Mongolia, Peru, Chile, Mexico, Singapore, and Zambia, and has set up offices and service teams in Kazakhstan and Uzbekistan, actively expanding into South America, Asia, and Africa markets[40]. - The company focuses on large modern non-ferrous and ferrous metal mining enterprises, with international markets as a key development direction, particularly in resource-rich countries such as South America, Australia, and Africa[44]. - The demand for mining equipment and spare parts is stable due to the high wear and tear in mining operations, leading to frequent replacement of spare parts[53]. - The company has accumulated a number of quality customer resources and established long-term cooperative relationships, laying a foundation for further market penetration[46]. - The mining equipment manufacturing industry in China has seen rapid development over the past decade, driven by continuous demand for mineral extraction due to infrastructure construction[48]. - The trend towards larger mining equipment is evident, with significant demand for large-scale equipment in modern mining projects, particularly in South America[50]. Research and Development - The company has a strong focus on technological innovation and expanding sales channels to enhance competitiveness and market share in the global mining equipment sector[48]. - The company has developed over ten rubber compounding formulas for wear-resistant materials, enhancing performance and stability[67]. - The company is focusing on high-end and large-scale product development, aligning with industry trends towards larger mining equipment[60]. - The company has made significant progress in its relocation and technology upgrade project, with new facilities expected to be completed between the second half of 2021 and the first half of 2022[58]. - The company's rubber wear-resistant materials have a lifespan 1.5-3 times longer than traditional metal materials, significantly reducing equipment costs for mining enterprises[69]. - The composite wear-resistant products, such as the semi-autogenous composite liner, have increased the lifespan from approximately 3 months for traditional metal liners to 5 months, enhancing operational efficiency[75]. - The density of rubber materials is about 1/6 that of metal, leading to lower energy consumption and significant cost savings during operation[71]. Financial Management and Investments - The company plans to issue convertible bonds totaling 400 million yuan for technology upgrades and working capital[59]. - The total amount of raised funds is RMB 33,855.38 million, with RMB 9,851.59 million invested during the reporting period[98]. - Cumulative investment of raised funds reached RMB 19,887.01 million, with a remaining balance of RMB 14,420.34 million[100]. - The company has pledged RMB 6,169,588.27 in deposits to issue bank acceptance bills totaling RMB 30,847,823.52[94]. - The company has issued guarantees totaling USD 6,320,641.40 and EUR 3,370.00, backed by deposits of RMB 18,905,388.72 and RMB 1,845,620.40[94]. - The company has not encountered any issues in the use and disclosure of raised funds[104]. - The company has committed to maintaining transparency with investors, promising timely disclosures regarding any changes in shareholding and compliance with regulatory requirements[146]. Shareholder Relations - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company has actively protected shareholder and creditor rights, ensuring timely and accurate information disclosure and maintaining a stable financial policy[133]. - The company emphasizes employee safety and health, providing equal development opportunities and a comprehensive performance evaluation system[134]. - The company reported a stable performance with a commitment to fulfill its obligations regarding stock price stabilization measures[147]. - The management has pledged to adhere to budget management and ensure that any expenditure is strictly necessary for fulfilling their duties[148]. Compliance and Governance - The company is adhering to the latest regulations regarding shareholding and stock transfer, ensuring compliance with the new guidelines issued by the regulatory authorities[138]. - The company committed to reducing and regulating related party transactions to protect the interests of all shareholders[140]. - The controlling shareholder and actual controller, Zheng Hao, promised to increase their holdings if the stock price falls below the latest audited net asset value per share for 20 consecutive trading days[140]. - The company will ensure that the increase in shareholding does not violate any legal or regulatory conditions[141]. - The company will initiate a buyback of all newly issued shares if there are significant misstatements in the prospectus that affect the judgment of compliance with issuance conditions[142]. - The company aims to ensure compliance with all regulatory requirements during the buyback process[142]. Future Outlook - The company has outlined a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30% based on current market trends[139]. - New product development includes the launch of a state-of-the-art mining machine, expected to increase market share by 10% in the next year[139]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with an investment of 200 million RMB allocated for this expansion[139]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's production capacity by 30%[139]. - The company has committed to investing 100 million RMB in research and development for innovative mining technologies over the next two years[139].

Financial Performance - Revenue for Q1 2021 reached ¥87,874,791.83, representing a 168.01% increase compared to ¥32,788,392.05 in the same period last year[9] - Net profit attributable to shareholders was ¥11,827,904.23, a significant increase of 1,372.26% from ¥803,386.50 year-over-year[9] - The net profit after deducting non-recurring gains and losses was ¥11,333,181.17, compared to a loss of ¥1,165,643.22 in the previous year, marking a 1,072.27% improvement[9] - Basic earnings per share increased to ¥0.17, up 1,600.00% from ¥0.01 in the same quarter last year[9] - The company achieved operating revenue of 87.87 million yuan, a year-on-year increase of 168.01%[21] - The net profit attributable to shareholders was 11.83 million yuan, up 1,372.26% compared to the same period last year[21] - Total operating revenue for Q1 2021 reached ¥87,874,791.83, a significant increase of 168.5% compared to ¥32,788,392.05 in the same period last year[55] - Total comprehensive income for Q1 2021 was CNY 12,277,633.85, compared to CNY 1,533,521.58 in Q1 2020, indicating a growth of approximately 698.5%[62] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,747,847,422.65, reflecting a 1.86% increase from ¥1,715,852,195.69 at the end of the previous year[9] - Total assets as of March 31, 2021, amounted to ¥1,760,119,355.47, up from ¥1,726,238,134.60 at the end of 2020, reflecting a growth of 1.96%[53] - Total liabilities increased to ¥846,236,480.28 from ¥826,201,737.31, representing a rise of 1.25%[53] - The company's total equity reached ¥913,882,875.19, compared to ¥900,036,397.29 at the end of 2020, indicating a growth of 1.0%[53] - Total current assets increased slightly to ¥1,272,463,108.50 from ¥1,267,897,971.59, indicating a growth of about 0.4%[46] - The total non-current assets amounted to ¥504,889,053.85, an increase from ¥480,470,520.62, indicating a growth of 5.1%[52] Cash Flow - The net cash flow from operating activities was negative at -¥94,766,772.44, a decline of 250.86% compared to ¥62,815,679.33 in the previous year[9] - The cash flow from operating activities showed a net outflow of 94.77 million yuan, a decrease of 250.86% compared to the previous period[19] - The total cash inflow from financing activities was 14,000,000.00 CNY, while cash outflow was 540,616.38 CNY, resulting in a net cash flow of 13,459,383.62 CNY, down from 342,143,851.98 CNY in the previous period[66] - The cash and cash equivalents at the end of the period amounted to 579,855,006.70 CNY, a decrease from 689,394,817.62 CNY at the beginning of the period[66] - The company reported a cash outflow of 29,560,438.68 CNY from investment activities, which is an increase from 11,202,730.78 CNY in the previous period[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,161[13] - Major shareholder Zheng Hao holds 53.37% of the shares, with 3,000,000 shares pledged[13] Market and Operational Risks - The company faces risks from macroeconomic fluctuations affecting fixed asset investments in the mining industry, which could impact market expansion[23][24] - The competitive landscape in the domestic mineral processing equipment market is intense, with the need for the company to adapt to market trends to maintain performance[25] - Direct material costs account for over 70% of production costs, with significant price volatility in key materials like steel and rubber impacting profitability[26] - International business revenue constitutes approximately 47% of total revenue, with foreign exchange risk being a major concern due to reliance on USD for exports[30] - The company has established long-term strategic partnerships with major clients, but customer concentration risk remains a concern if demand from key clients declines[29] Strategic Initiatives - The company plans to expand its market presence in South America, particularly in Chile and Peru, to increase sales[27] - The company signed a construction contract with Erdenet Mining Corporation worth 125.89 million USD, with 60% of the contract value already received as prepayments[21] - The technology upgrade project for mining equipment and rubber spare parts is expected to produce 558 sets of slurry pumps and 38 hydrocyclones annually upon completion[31] - The company has raised a total of RMB 33,855.38 million in funds, with RMB 12,647.29 million already invested in projects[36] Management and Governance - The company has initiated a share buyback plan, intending to repurchase between 1.5 million and 3 million shares at a maximum price of RMB 28 per share[32] - As of the report date, the company has not yet executed any share buybacks[33] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[40] - There were no violations regarding external guarantees during the reporting period[39]

Financial Performance - The company's operating revenue for 2020 was CNY 368,147,995.04, an increase of 5.42% compared to CNY 349,209,451.03 in 2019[15]. - The net profit attributable to shareholders decreased by 41.47% to CNY 40,623,351.54 from CNY 69,409,111.97 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 11,554,460.03, down 82.12% from CNY 64,639,998.58 in 2019[15]. - The net cash flow from operating activities surged by 876.12% to CNY 354,055,792.06, compared to CNY 36,271,876.36 in 2019[15]. - The total assets at the end of 2020 reached CNY 1,715,852,195.69, a significant increase of 180.06% from CNY 612,671,634.07 at the end of 2019[15]. - The net assets attributable to shareholders increased by 70.79% to CNY 874,554,438.34 from CNY 512,074,939.08 in 2019[15]. - The company reported a basic earnings per share of CNY 0.61, a decrease of 53.79% from CNY 1.32 in 2019[15]. - The company achieved operating revenue of 368.15 million yuan, a year-on-year increase of 5.42%[81]. - The net profit attributable to shareholders was 40.62 million yuan, a year-on-year decrease of 41.47%[81]. - Total assets increased by 180.06% year-on-year, reaching 1.72 billion yuan[81]. - The net assets attributable to shareholders grew by 70.09% year-on-year, amounting to 874.55 million yuan[81]. Dividend Distribution - The company reported a cash dividend of 0.7 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[5]. - The cash dividend distribution plan for 2020 is set at RMB 0.70 per 10 shares, totaling RMB 4,900,000, which is 12.06% of the net profit attributable to shareholders[168]. - The total number of shares for the dividend distribution is 70,000,000 shares[160]. - The cash dividend amount for 2019 was RMB 14,000,000, which represented 20.17% of the net profit attributable to shareholders[168]. - The company has maintained a consistent dividend distribution policy over the past three years, with no dividends declared in 2018[167]. - The retained earnings of the parent company as of December 31, 2020, amounted to RMB 427,443,126.24[166]. - The company has not proposed any capital reserve transfer to increase share capital for the 2020 fiscal year[166]. - The cash dividend distribution is in compliance with the company's articles of association and shareholder resolutions[162]. - The company aims to provide stable and reasonable returns to investors while ensuring normal operations and long-term development[166]. Risk Management - The company does not foresee any significant risks affecting its normal operations[5]. - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[5]. Corporate Structure and Operations - The company is headquartered in Jiangxi Province, with its registered address at No. 52, Xingyuan Avenue, Shangrao Economic and Technological Development Zone[11]. - The company has a total of 300,000,000 shares outstanding, with a stock code of 300818[11]. - The company has established several wholly-owned subsidiaries in countries such as Mongolia, Australia, and Peru[9]. - The company has established stable partnerships with well-known mining companies both domestically and internationally, including Jiangxi Copper Group and KAZ Minerals LLC[25]. - The company has established stable partnerships with major mining enterprises, including Jiangxi Copper Group and Zijin Mining, enhancing its market presence[52]. - The company has set up subsidiaries in Mongolia, Australia, and Peru, and joint ventures in Chile, which aids in enhancing brand recognition globally[52]. Research and Development - The company focuses on the research and development of high-performance rubber wear-resistant materials, which have been applied in various large-scale mining operations[25]. - The company has a strong R&D team and has been recognized as a provincial-level technology center and a national postdoctoral research station[77]. - Research and development expenses increased by 38% to 1,536,850 RMB in 2020, with 13 technology applications submitted, of which 8 were approved[85]. - The company reported a total of 16 R&D projects, with 9 new projects initiated during the year, focusing on new materials, processes, products, and structures[106]. - The company aims to strengthen its research and development capabilities in high-performance rubber materials, which have shown significant advantages over traditional metal materials[136]. - The company has established partnerships with universities for research on polymer materials, resulting in improved formulations and production processes[62]. Market Expansion - The company’s future development outlook includes potential market expansion and new product development[5]. - The company is focusing on expanding its international market, targeting regions rich in mineral resources such as Central Asia, South America, and Australia[52]. - The company plans to focus on expanding its market presence in South America, particularly in Chile and Peru, aiming for international market sales revenue to account for 60%-80% of total revenue[136]. - The company is expanding its overseas operations, particularly in South America, which introduces additional management challenges and risks[150]. Product Development - The company focuses on after-sales service to enhance user experience and ensure the longevity and performance of its products, including dedicated service teams for key clients[42][43]. - The company aims to transition from a single product supplier to a comprehensive solution provider, leveraging its full range of mining products to maximize client benefits[44]. - The company has a comprehensive product series with over a hundred types of rubber wear-resistant mining equipment and spare parts, including various specifications for slurry pumps and hydrocyclones[56]. - The company has developed advanced polymer composite materials that enhance the lifespan and performance of mining equipment, addressing the limitations of single-material applications[64]. - The company has developed a new 450mm slurry pump, which enhances the efficiency of mineral processing equipment and narrows the gap with international standards[132]. Financial Management - The company has committed to a stable profit distribution system to enhance transparency and protect investors' rights, aligning with regulatory guidelines[176]. - The company will enhance its operational management and internal controls to improve efficiency and overall profitability in the coming years[175]. - The company aims to strengthen the management of raised funds to ensure effective utilization and control of financial costs, thereby reducing financial expenses[176]. - The company has committed to timely and accurate disclosure of information regarding any share reductions after the lock-up period ends[178]. Compliance and Governance - The company has ensured that all commitments made by its shareholders are being fulfilled as of the reporting date[170]. - The company will implement strict measures to regulate potential related-party transactions, ensuring fair decision-making processes and timely information disclosure[172]. - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[179]. - The company has stated that it will take full responsibility for any losses incurred by investors due to non-compliance with commitments[179]. Challenges and Industry Trends - The mining industry is subject to macroeconomic fluctuations, which can significantly impact fixed asset investments and the company's ability to expand its market[145]. - The company faces intense competition in the domestic mineral processing equipment market, with a need to adapt to changing market demands and trends[148]. - Direct material costs account for over 70% of production costs, with significant price volatility in key materials like steel and rubber affecting profitability[149]. - The demand for mineral processing spare parts remains consistent, driven by the mining industry's fixed asset investments and the need for frequent replacement of worn-out parts[50].