编号：T2022-012 证券代码：300835 证券简称：龙磁科技 安徽龙磁科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | 特定 ...

编号：T2022-014 证券代码：300835 证券简称：龙磁科技 安徽龙磁科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系 | □媒体采访 □业绩说明会 | | | | □新闻发布会 | □路演活动 | | 活动类别 | □现场参观 | | | | 其他：电话会议 | | | 参与单位名称 及人员姓名 | 见附表 | | | 时间 | 2022 年 10 月 27 日 | | | 地点 ...

Financial Performance - The company's revenue for Q3 2022 was CNY 228,780,252.85, representing an increase of 11.41% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 26.63% to CNY 30,491,711.62 in Q3 2022, while the year-to-date net profit was CNY 87,260,577.88, down 15.87% year-on-year[5]. - The basic earnings per share for Q3 2022 was CNY 0.2538, a decline of 56.98% compared to the same period last year[5]. - The net profit for Q3 2022 was ¥87,260,577.88, a decrease of 15.9% compared to ¥103,719,101.06 in Q3 2021[20]. - Basic and diluted earnings per share were both ¥1.07, down from ¥1.47 in Q3 2021, reflecting a decline of 27.2%[21]. - The total operating profit was ¥93,399,310.64, down from ¥112,432,283.70 in the previous year, reflecting a decline of 16.9%[20]. - The company reported a total comprehensive income of ¥95,391,694.05, down from ¥103,333,679.74 in Q3 2021, indicating a decrease of 7.5%[21]. Assets and Liabilities - Total assets increased by 30.11% to CNY 1,607,710,767.00 compared to the end of the previous year[5]. - The company's total assets as of September 30, 2022, were ¥1,607,710,767.00, up from ¥1,235,669,236.24 at the beginning of the year, indicating strong growth in asset base[16]. - Current assets totaled ¥804,577,599.75, a 29.2% increase from ¥622,379,429.12 at the start of the year[16]. - The company's total liabilities reached ¥614,921,759.21, up from ¥282,887,515.83, reflecting a significant increase in financial obligations[17]. - Short-term borrowings surged to ¥237,611,853.26, compared to ¥101,849,839.85 at the beginning of the year, indicating increased leverage[16]. Cash Flow and Financing - Cash flow from operating activities for the year-to-date period was CNY 58,471,077.50, reflecting a 48.29% increase[5]. - The cash flow from operating activities netted ¥58,471,077.50, an increase of 48.3% compared to ¥39,430,584.35 in the previous year[21]. - The company received cash from financing activities totaling ¥315,186,280.82, significantly higher than ¥92,275,764.24 in Q3 2021[22]. - Investment activities resulted in a net cash outflow of ¥174,303,124.68, compared to a net outflow of ¥69,335,107.01 in the same period last year[22]. - Cash and cash equivalents at the end of the period were ¥106,536,542.26, a decrease from ¥130,140,611.71 at the beginning of the period[22]. Research and Development - Research and development expenses rose by 53.35% to CNY 41,730,465.67, indicating a continued increase in investment in R&D[9]. - Research and development expenses increased significantly to ¥41,730,465.67, compared to ¥27,213,273.38 in the previous year, reflecting a focus on innovation[19]. Shareholder Information - The company repurchased a total of 1,528,540 shares, accounting for 1.2723% of the total share capital, with a total transaction amount of CNY 41,274,679.00[13]. - The number of ordinary shareholders at the end of the reporting period was 14,818[11]. - The equity attributable to shareholders rose to ¥992,789,007.79 from ¥952,781,720.41, showing a positive trend in shareholder value[17]. Future Outlook - Future outlook includes continued investment in R&D and potential market expansion strategies to enhance competitive positioning[19].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥447,502,974.01, representing an increase of 11.19% compared to ¥402,484,988.63 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 8.67% to ¥56,768,866.26 from ¥62,160,275.20 in the previous year[19]. - The net profit after deducting non-recurring gains and losses fell by 19.97% to ¥47,209,320.45, down from ¥58,989,225.25 in the same period last year[19]. - Basic earnings per share decreased by 30.74% to ¥0.6095 from ¥0.88 in the same period last year[19]. - The company achieved operating revenue of 447.50 million yuan, an increase of 11.19% compared to the same period last year[30]. - The net profit attributable to shareholders was 56.77 million yuan, a decrease of 8.61% year-on-year[30]. - The company reported a total comprehensive income of CNY 58,000,000.00, compared to 48,900,000.00 CNY in the previous period, marking an increase of about 18.1%[139]. - The company reported a total comprehensive income of CNY 29,840,157.87 for the first half of 2022, compared to CNY 28,404,479.04 in the previous year, which is an increase of about 5.06%[131]. Cash Flow and Investments - The net cash flow from operating activities increased by 18.30% to ¥57,733,037.83, compared to ¥48,804,183.51 in the previous year[19]. - The company reported a significant increase in investment activities, with net cash flow from investing activities at -¥107,734,494.30, a 153.71% increase from -¥42,463,815.42[35]. - The company raised CNY 180,508,011.81 through borrowings in the first half of 2022, compared to CNY 90,525,964.44 in the same period of 2021, showing a significant increase in financing[134]. - The net cash flow from financing activities was 41,155,990.02 CNY, compared to a negative cash flow of 20,329,760.70 CNY in the previous period, indicating a significant improvement[136]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,524,052,913.15, a growth of 23.34% from ¥1,235,669,236.24 at the end of the previous year[19]. - Total liabilities reached CNY 554,298,805.92, compared to CNY 282,887,515.83 at the start of the year, showing an increase of approximately 96%[121]. - Current assets rose to CNY 786,480,932.73, compared to CNY 622,379,429.12 at the beginning of the year, marking an increase of about 26.4%[119]. - The total liabilities at the end of the current period are 581 million, compared to 579 million in the previous period, reflecting a marginal increase of 0.3%[143]. Research and Development - The company has a strong focus on R&D, with a dedicated center and a commitment to continuous technological innovation, which has led to the development of high-performance products[32]. - Research and development expenses increased by 67.39% to ¥28,631,512.88 from ¥17,104,448.92, reflecting the company's commitment to enhancing R&D investment[35]. - The company is actively expanding its soft magnetic product line, focusing on soft magnetic powder materials and high-frequency magnetic devices, with applications in photovoltaic energy storage and electric vehicles[27]. Shareholder and Capital Management - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company approved a share repurchase plan with a total amount not less than CNY 50 million and not exceeding CNY 80 million, having repurchased 1,020,680 shares, accounting for 0.8496% of the total share capital[96]. - The company reported a profit distribution of 76,500,000.00 CNY to shareholders, which includes allocations to surplus reserves and general risk reserves[139]. - The total number of unrestricted shares remained at 68,495,126, representing 57.03% of the total share capital[100]. Risk Management - The management has highlighted potential risks and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[3]. - The company faces risks from macroeconomic downturns, including impacts from the COVID-19 pandemic and the US-China trade war, which may affect industry competitiveness and sales[58]. - The company plans to continuously upgrade product performance and strengthen competitive advantages to mitigate external market risks[59]. Corporate Governance and Compliance - The company has established good relationships with suppliers and customers, adhering to laws such as the Product Quality Law and Consumer Rights Protection Law[73]. - There were no significant environmental violations or penalties reported during the period, and the company complied with relevant environmental laws[70]. - The company actively fulfills its social responsibilities, contributing positively to its public image[70]. Financial Reporting and Accounting Policies - The financial report for the first half of the year was not audited[117]. - The financial statements are presented in RMB[118]. - The company has consolidated financial statements that include 10 subsidiaries, indicating a broad operational scope[152]. - The company utilizes the Chinese Yuan (RMB) as its functional currency for domestic operations, while foreign subsidiaries use their respective local currencies[159].

安徽龙磁科技股份有限公司 2022 年第一季度报告全文 证券代码：300835 证券简称：龙磁科技 公告编号：2022-026 安徽龙磁科技股份有限公司 2022 年第一季度报告 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） | 224,475,464.98 | 181,768,447.82 | 23.50% | | 归属于上市公司股东的净利润（元） | 27,908,204.83 | 29,073, ...

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of XX% (specific percentage not provided in the content) for the fiscal year 2021[14]. - The company's operating revenue for 2021 was ¥804,674,516.11, representing a 43.91% increase compared to ¥559,133,254.97 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥131,010,919.01, a significant increase of 92.05% from ¥68,215,906.70 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥121,883,139.46, which is a 133.35% increase from ¥52,232,324.57 in 2020[18]. - The company's cash flow from operating activities for 2021 was ¥74,447,866.76, up 31.12% from ¥56,778,508.17 in 2020[18]. - The total assets at the end of 2021 were ¥1,235,669,236.24, reflecting a 16.01% increase from ¥1,065,097,884.02 at the end of 2020[18]. - The basic earnings per share for 2021 was ¥1.85, a 71.30% increase from ¥1.08 in 2020[18]. - The weighted average return on equity for 2021 was 12.98%, up from 9.50% in 2020[18]. - The gross margin for wet-pressed magnetic tiles was 38.61%, reflecting a year-on-year increase of 3.67%[45]. - The production volume of wet-pressed magnetic tiles reached 31,197.3 tons, a 51.41% increase from 20,604.99 tons in 2020[46]. Dividend Policy - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares to all shareholders, based on a total of 70,670,000 shares[5]. - The cash dividend represents 100% of the total distributable profit, which amounts to RMB 526,229,380.81[115]. - The company will not issue bonus shares and will not increase share capital from capital reserves[116]. Market Outlook and Strategy - The company has outlined its future development outlook, highlighting potential risks and opportunities in the market[5]. - The company aims to expand its production scale and improve product quality in response to supportive industry policies, particularly in the magnetic materials sector[27]. - The automotive sector is expected to drive demand for permanent magnet ferrite products, with domestic car sales reaching 26.275 million units in 2021, a 3.8% increase year-on-year[28]. - The company is focusing on developing a soft magnetic industry chain, including soft magnetic powder, magnetic powder cores, and inductor devices[27]. - The company is positioned to benefit from the anticipated growth in the photovoltaic and energy storage sectors, with a cumulative installed capacity target of over 30 GW by 2025 in China[31]. - The global electric vehicle market share is projected to reach 6%-7% in 2021, with expectations to rise to double digits in 2022[32]. - The company has developed a comprehensive strategy in soft magnetic and new energy components, which is anticipated to become a new growth point for its business[29]. Research and Development - Research and development expenses increased by 40.02% to 40.78 million CNY, reflecting the company's commitment to innovation[40]. - The number of R&D personnel increased by 19.88% to 193, with the proportion of R&D staff in the company remaining stable at around 10.22%[56]. - The company completed several key R&D projects aimed at improving production efficiency and reducing costs, including the development of a new oil injection system that reduces single injection volume by 50%[54]. - The R&D investment as a percentage of operating revenue was 5.07%, slightly down from 5.21% in 2020, indicating a stable investment strategy in innovation[56]. Governance and Compliance - The company is committed to improving its governance structure and internal control systems in accordance with relevant laws and regulations, ensuring the protection of shareholder rights[83]. - The board of directors consists of 6 members, including 3 independent directors, and has established various committees to facilitate scientific decision-making[83]. - The company emphasizes transparency in information disclosure and investor relations, ensuring timely and accurate communication with shareholders[84]. - The audit committee oversees internal and external audits, ensuring the authenticity and completeness of financial information[85]. - The company actively engages with investors through multiple channels, ensuring fair treatment of all stakeholders[85]. - The company has established a comprehensive quality management system, but the expansion of operations increases the complexity of quality control; measures include enhancing training to improve overall employee quality[78]. Risk Management - The company faces risks from macroeconomic downturns, which could lead to increased market competition and reduced orders[77]. - The company is also exposed to risks related to new project development, requiring rapid and flexible R&D mechanisms[77]. - Fluctuations in raw material prices may adversely affect the company's sales and profits[77]. - The company has established a strategy to strengthen its competitive advantages and mitigate external market risks through product performance upgrades[77]. - The company aims to leverage its scale and centralized procurement advantages to mitigate the impact of rising procurement costs, while adjusting product sales prices based on cost fluctuations[78]. Employee and Management Structure - The total number of employees at the end of the reporting period is 1,888, with 683 in the parent company and 705 in major subsidiaries[110]. - The company has 1,378 production personnel, 67 sales personnel, and 224 technical personnel, indicating a strong focus on production capabilities[110]. - The educational background of employees shows that there are 10 with master's degrees or above, 143 with bachelor's degrees, and 1,306 with high school or lower education[111]. - The company has a diverse management team with backgrounds in various industries, enhancing its operational capabilities[95]. - The management team includes professionals with extensive experience in finance, engineering, and legal affairs, contributing to strategic decision-making[96]. Shareholder Information - The company had a total of 70,670,000 shares, with 30,369,000 shares (42.96%) under limited sale conditions after a reduction of 22,631,000 shares[168]. - The number of unrestricted shares increased to 40,301,000, representing 57.03% of the total shares after an addition of 22,631,000 shares[168]. - A total of 22,631,000 shares were released from restrictions, accounting for 32.02% of the company's total share capital[169]. - The actual controller, Xiong Yongge, acquired 160,000 shares through a non-trading transfer and committed to a voluntary lock-up for 36 months[169]. - The company had 11,099 shareholders at the end of the reporting period, with the largest shareholder, Xiong Yonghong, holding 28.54% (20,170,000 shares)[175]. Audit and Financial Reporting - The company's financial report has been audited and verified by a registered accounting firm, ensuring the accuracy of its financial statements[9]. - The audit opinion on the financial statements was a standard unqualified opinion, indicating that the financial statements fairly represent the company's financial position and results of operations[187]. - The audit was conducted by Tianjian Accounting Firm, with the report signed on March 14, 2022[187]. - The company has maintained its accounting firm, Tianjian Accounting Firm, for 11 consecutive years, with an audit fee of 600,000 RMB[146].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥205,357,857.96, representing a 39.60% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥41,558,825.86, a significant increase of 145.27% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥38,934,434.15, reflecting a 174.80% increase compared to the previous year[3] - The weighted average return on equity was 4.59%, up by 2.57 percentage points year-on-year[3] - The company reported a 65.78% increase in operating revenue for the year-to-date, totaling ¥607,842,846.59[7] - The total operating revenue for the third quarter of 2021 was RMB 607,842,846.59, an increase of 65.8% compared to RMB 366,665,363.04 in the same period last year[18] - The net profit attributable to the parent company for the third quarter of 2021 was RMB 106,736,792.00, compared to RMB 32,592,826.80 in the same period last year, representing a growth of 227.5%[18] - The net profit for Q3 2021 was CNY 103,719,101.06, a significant increase from CNY 37,439,103.53 in Q3 2020, representing a growth of approximately 177.7%[19] - The total revenue from operating activities reached CNY 511,517,609.81, compared to CNY 323,928,443.56 in the same period last year, indicating a year-over-year increase of about 58%[20] - The basic and diluted earnings per share for Q3 2021 were both CNY 1.47, up from CNY 0.62 in Q3 2020, reflecting a growth of approximately 137.1%[20] - The total operating profit for Q3 2021 was CNY 112,432,283.70, compared to CNY 42,312,649.15 in Q3 2020, representing an increase of approximately 165.6%[19] - The company reported a total comprehensive income of CNY 103,333,679.74 for Q3 2021, significantly higher than CNY 30,714,468.27 in Q3 2020, marking an increase of approximately 236.5%[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,187,068,298.91, an increase of 11.45% from the end of the previous year[3] - As of September 30, 2021, total assets amounted to RMB 1,187,068,298.91, an increase from RMB 1,065,097,884.02 at the end of 2020[17] - The company's cash and cash equivalents decreased to RMB 95,290,112.22 from RMB 139,071,570.18 at the end of 2020, a decline of 31.5%[14] - Inventory as of September 30, 2021, was RMB 204,894,439.46, up 15.0% from RMB 178,252,821.26 at the end of 2020[15] - The total liabilities as of September 30, 2021, were RMB 261,037,135.76, compared to RMB 228,249,500.95 at the end of 2020, indicating an increase of 14.3%[16] - Total assets amounted to ¥1,065,097,884.02, a slight decrease from ¥1,066,003,522.67[25] - Total liabilities were reported at ¥228,249,500.95, compared to ¥229,155,139.60 in the previous period[26] - Non-current liabilities totaled ¥33,612,200.58, down from ¥33,994,945.76[26] - Current liabilities reached ¥194,637,300.37, a decrease from ¥195,160,193.84[25] - The company's equity attributable to shareholders was ¥836,848,383.07, unchanged from the previous report[26] - The company reported a short-term loan of ¥82,983,182.67, consistent with the previous period[25] - The company has a long-term loan of ¥5,725,654.56, unchanged from the previous report[26] - The total non-current assets were ¥480,628,123.28, a decrease from ¥481,533,761.93[25] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was ¥39,430,584.35, showing a 10.86% increase[3] - The cash received from sales of goods and services was ¥511,517,609.81, a 57.91% increase year-on-year[8] - The net cash flow from operating activities was CNY 39,430,584.35, compared to CNY 35,568,897.27 in the previous year, showing an increase of about 10.5%[22] - The total cash outflow from investing activities was CNY 265,923,265.33, compared to CNY 161,622,064.35 in the previous year, reflecting an increase of approximately 64.5%[22] Research and Development - Research and development expenses for the period were ¥27,213,273.38, which is a 38.83% increase compared to the same period last year[7] Production and Operations - The company signed an investment agreement on August 18, 2021, to establish four new production projects with a total planned output of 15,000 tons of permanent magnet ferrite and 20 million brushless electronic commutators annually[12] - The company temporarily suspended production in Vietnam due to COVID-19 from July 30, 2021, and has not yet resumed operations[12] Credit and Audit - The company incurred a credit impairment loss of CNY -414,263.84, compared to a gain of CNY 224,404.02 in the previous year, indicating a negative shift in credit quality[19] - The company did not conduct an audit for the third quarter report[27]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 402,484,988.63, representing an increase of 83.31% compared to CNY 219,562,342.49 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 62,160,275.20, a significant increase of 203.29% from CNY 20,495,017.39 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 58,989,225.25, up 237.91% from CNY 17,457,125.88 in the same period last year[22]. - The net cash flow from operating activities was CNY 48,804,183.51, an increase of 54.26% compared to CNY 31,638,495.90 in the previous year[22]. - Basic earnings per share were CNY 0.88, reflecting a growth of 137.84% from CNY 0.37 in the same period last year[22]. - The company's total operating revenue for the first half of 2021 reached CNY 402,484,988.63, a significant increase of 83.1% compared to CNY 219,562,342.49 in the first half of 2020[128]. - The total profit for the first half of 2021 was CNY 70.55 million, up 226.5% from CNY 21.63 million in the first half of 2020[134]. - The company's operating profit for the first half of 2021 was CNY 70.64 million, compared to CNY 21.94 million in the same period of 2020, marking an increase of 221.5%[134]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,125,659,480.08, a 5.69% increase from CNY 1,065,073,795.44 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 883,608,387.66, up 5.59% from CNY 836,848,383.07 at the end of the previous year[22]. - The company's total assets as of June 30, 2021, amounted to CNY 1,125,659,480.08, an increase from CNY 1,065,073,795.44 at the end of 2020[121]. - The total liabilities increased to CNY 182,216,642.22 from CNY 181,646,936.29, indicating a slight rise of 0.3%[127]. - The owner's equity totaled CNY 662,927,725.73, up from CNY 648,657,246.69, reflecting a growth of 2.1%[127]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Longci New Energy, to expand into high-frequency magnetic components, capitalizing on market opportunities in renewable energy and 5G communications[31]. - A project investment cooperation agreement was signed to build a production line with an annual capacity of 50 million high-frequency magnetic components[32]. - The company plans to invest in the Longci Technology Industrial Park, which includes projects for producing 15,000 tons of permanent magnet ferrite powder and 20 million brushless electronic commutators annually[32]. - The subsidiary "General Magnetics" reported a net profit of CNY 19,749,584.57, contributing significantly to the overall performance of the company[59]. - The company has established a new subsidiary "Longmag New Energy" to expand into high-frequency magnetic components (inductors) business[59]. Research and Development - Research and development expenses rose by 36.83% to ¥17,104,448.92 from ¥12,500,210.66, reflecting the company's commitment to increasing R&D investment[36]. - The company has obtained over 100 national invention and utility model patents, emphasizing its commitment to independent research and development[30]. - The company is committed to enhancing its R&D capabilities to mitigate risks associated with new product development and maintain its competitive edge[60]. Risks and Challenges - The management has highlighted potential risks and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[5]. - The company faces risks related to fluctuations in downstream demand, particularly in the micro-motor industry, which could impact market demand[60]. - Labor costs have been rising, but the company is focusing on improving automation and production efficiency to counteract this risk[61]. - The impact of the COVID-19 pandemic remains a concern, with potential long-term effects on the company's operational performance[61]. - The company plans to maintain a high-quality development pace despite market challenges posed by the pandemic[62]. Financial Management - The company has implemented a comprehensive quality management system certified by ISO9001 and ISO/TS16949 to ensure product quality[61]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[69]. - The half-year financial report has not been audited[80]. - There were no major litigation or arbitration matters during the reporting period[83]. - The company has not engaged in any related party transactions during the reporting period[84]. Shareholder Information - The total number of shares before the recent changes was 70,670,000, with a reduction of 22,631,000 shares due to the lifting of restrictions on previously issued shares[102]. - The largest shareholder, Xiong Yonghong, holds 28.54% of shares, totaling 20,170,000 shares[109]. - The company’s shareholders include a mix of restricted and unrestricted shares, with 30,369,000 shares now unrestricted[106]. - The company’s actual controller has committed to a voluntary lock-up of shares for 36 months following the company's stock listing[103]. Cash Flow - The net cash flow from operating activities for the first half of 2021 was CNY 48,804,183.51, an increase of 54.2% compared to CNY 31,638,495.90 in the same period of 2020[138]. - The cash inflow from financing activities was CNY 90,525,964.44, significantly lower than CNY 527,017,780.90 in the previous year[139]. - The total cash and cash equivalents at the end of the period were CNY 131,957,203.81, down from CNY 309,813,106.81 at the end of the previous year[139]. Compliance and Governance - The company has not reported any significant changes in management personnel during the reporting period[68]. - There were no significant environmental penalties or violations reported during the period[73]. - The company actively engaged in social responsibility initiatives, including donations for COVID-19 prevention efforts[75].

Financial Performance - The company's revenue for Q1 2021 was CNY 181,768,447.82, representing a 59.39% increase compared to CNY 114,040,903.13 in the same period last year[8]. - Net profit attributable to shareholders was CNY 29,073,064.67, a significant increase of 151.82% from CNY 11,545,015.25 year-on-year[8]. - The net profit after deducting non-recurring gains and losses reached CNY 26,578,875.78, up 208.27% from CNY 8,621,849.24 in the previous year[8]. - Basic earnings per share rose to CNY 0.41, an increase of 86.36% from CNY 0.22 in the previous year[8]. - The company achieved operating revenue of 181.77 million, a year-on-year increase of 59.39% due to higher sales[16]. - Net profit attributable to shareholders reached 29.07 million, reflecting a significant growth of 151.82% compared to the previous year[19]. - Total operating revenue for Q1 2021 reached CNY 181,768,447.82, compared to CNY 114,040,903.13 in the same period last year[44]. - The total comprehensive income for Q1 2021 was CNY 28.99 million, significantly higher than CNY 10.82 million in the prior year[47]. - The total profit for Q1 2021 was CNY 31.81 million, up from CNY 13.62 million in the same period last year[49]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 34,656,972.60, an increase of 107.02% compared to CNY 16,740,480.86 in the same period last year[8]. - The company's cash and cash equivalents increased to CNY 141,551,550.36 as of March 31, 2021, compared to CNY 139,071,570.18 at the end of 2020[35]. - Cash and cash equivalents rose to CNY 35,898,895.13 from CNY 27,137,658.88, indicating improved liquidity[39]. - The ending cash and cash equivalents balance increased to CNY 141,551,550.36 from CNY 46,878,522.59, marking a substantial rise[55]. - The net cash flow from operating activities for Q1 2021 was CNY 34,656,972.60, an increase of 106.4% compared to CNY 16,740,480.86 in Q1 2020[54]. - Total cash inflow from operating activities was CNY 142,626,925.98, up from CNY 124,152,113.57 in the previous year[54]. - The net cash flow from operating activities for the parent company was CNY 22,506,931.56, a significant recovery from a negative cash flow of CNY -1,998,055.74 in the previous year[57]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,098,535,726.82, reflecting a 3.14% increase from CNY 1,065,097,884.02 at the end of the previous year[8]. - The net assets attributable to shareholders increased to CNY 865,837,051.52, up 3.46% from CNY 836,848,383.07 at the end of the previous year[8]. - Total assets increased to CNY 850,511,477.62 from CNY 830,304,182.98, indicating growth in the company's asset base[42]. - Total liabilities rose to CNY 190,790,374.00 from CNY 181,646,936.29, reflecting increased financial obligations[42]. - The company's equity increased to CNY 659,721,103.62 from CNY 648,657,246.69, showing a positive trend in shareholder value[42]. Investments and Expenditures - The company invested 31.99 million in fixed assets and intangible assets, marking a 114.06% increase from the previous year[17]. - The company plans to invest up to 25 million in the construction of high-frequency magnetic devices (inductors) project[23]. - The total amount of raised funds is CNY 27,945.6 million, with CNY 253.41 million invested in the current quarter[27]. - Cumulative investment from raised funds amounts to CNY 16,244.39 million, representing 34.80% of the total committed investment for the high-performance ferrite project[27]. Operational Efficiency - Operating costs increased to 115.99 million, up 52.17% year-on-year, primarily due to the rise in sales revenue[16]. - Accounts receivable financing increased by 65.03% to CNY 13,655,147.27 due to an increase in customer bank acceptance bills received[15]. - Prepayments rose by 68.19% to CNY 26,583,028.22, primarily due to increased payments to suppliers for raw materials[15]. - Contract liabilities increased by 56.88% to CNY 6,911,406.78, mainly due to an increase in customer prepayments[15]. - Accounts receivable decreased to CNY 180,399,895.87 from CNY 187,764,621.50, indicating a reduction in outstanding customer payments[35]. - Inventory levels slightly increased to CNY 178,600,805.98 from CNY 178,252,821.26, reflecting stable stock management[35]. - Inventory levels decreased to CNY 82,539,692.22 from CNY 86,687,069.39, suggesting improved inventory management[39]. Research and Development - The company is focusing on enhancing its R&D capabilities to maintain a competitive edge in the permanent magnet ferrite industry[20]. - Research and development expenses for the quarter were CNY 7,721,457.51, compared to CNY 6,513,139.41 in the previous year, highlighting a focus on innovation[45]. - The company's research and development expenses for Q1 2021 were CNY 3,57 million, slightly down from CNY 3.64 million in the previous year[49]. Risk Management and Compliance - The company is actively expanding its marketing channels and improving its network to mitigate risks from downstream demand fluctuations[20]. - The company has no overdue commitments from shareholders or related parties during the reporting period[25]. - There were no violations regarding external guarantees during the reporting period[29]. - The company did not experience any significant changes in the feasibility of its investment projects[28]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30]. - The company reported a decrease in financial expenses by 62.99%, attributed to increased exchange gains and reduced interest expenses[16]. - Tax expenses rose to 2.74 million, a 31.84% increase due to higher total profit[16]. Audit and Reporting - The company did not undergo an audit for the Q1 2021 report[60].

Dividend Distribution - The company plans to distribute a cash dividend of 2 CNY per 10 shares to all shareholders, based on a total of 70,670,000 shares[5]. - The company distributed a cash dividend of RMB 35,335,000.00, which is RMB 5.00 per 10 shares, during the first half of 2020[92]. - For the full year 2020, the cash dividend was set at RMB 14,134,000.00, or RMB 2.00 per 10 shares, with no stock dividends or capital reserve transfers[93]. - The total cash dividend for 2020 accounted for 51.80% of the net profit attributable to the parent company, which was RMB 68,215,906.70[94]. - The cash dividend policy is compliant with the company's articles of association and has been transparently communicated to shareholders[92]. - The total distributable profit for the reporting period was RMB 416,503,792.68, with cash dividends representing 100% of the profit distribution[92]. - The company has maintained a consistent approach to cash dividends, with clear standards and procedures in place for decision-making[92]. - No adjustments or changes to the cash dividend policy were made during the reporting period[92]. - The company has not proposed any stock dividends or capital reserve transfers in the recent years, focusing solely on cash dividends[93]. - The company’s cash dividend distribution reflects its commitment to returning value to shareholders while ensuring compliance with regulatory requirements[92]. Financial Performance - The company's operating revenue for 2020 was CNY 559,133,254.97, representing a 1.47% increase compared to CNY 551,016,953.92 in 2019[18]. - The net profit attributable to shareholders decreased by 19.39% to CNY 68,215,906.70 from CNY 84,626,934.01 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 52,232,324.57, down 24.01% from CNY 68,736,752.07 in 2019[18]. - The total assets increased by 28.72% to CNY 1,065,097,884.02 at the end of 2020, compared to CNY 827,435,229.08 at the end of 2019[18]. - The net assets attributable to shareholders rose by 56.27% to CNY 836,848,383.07 from CNY 535,529,352.51 in 2019[18]. - The company reported a basic earnings per share of CNY 1.08, a decrease of 32.50% from CNY 1.60 in 2019[18]. - The weighted average return on equity was 9.50%, down from 17.07% in the previous year, reflecting a decline of 7.57%[18]. Operational Highlights - The company maintained a stable revenue growth in the automotive and energy-saving variable frequency air conditioning sectors, becoming a leading supplier of magnetic steel globally[29]. - The company has established long-term cooperative relationships with well-known domestic and foreign manufacturers, enhancing its market competitiveness[29]. - The company reported a production volume of 20,604.99 tons for wet-pressed magnetic tiles, a decrease of 9.16% from the previous year[45]. - The company’s inventory of wet-pressed magnetic tiles decreased by 23.29% to 4,467.46 tons[45]. - The company emphasized quality management and cost control to improve profitability amid intense market competition[38]. - The company aims to become a mainstream manufacturer in the global magnetic materials industry by expanding its market and product offerings[39]. Research and Development - The company maintained a strong focus on R&D, increasing investment to enhance market competitiveness and develop new products[37]. - Research and development expenses totaled ¥29.12 million, which is 5.21% of total revenue, up from 4.91% in the previous year[55]. - The company applied for 39 patents during the year, including 5 invention patents and 34 utility model patents, with 20 patents granted[54]. Corporate Governance - The company has established a governance structure in compliance with relevant laws and regulations, ensuring the protection of shareholder rights[191]. - The board of directors consists of 7 members, including 3 independent directors, and has established various committees to enhance decision-making[191]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, and financial operations, with no shared resources or financial accounts[195]. - The company has a dedicated internal audit department that oversees the authenticity and completeness of financial information[193]. - The company emphasizes transparency in information disclosure, utilizing multiple media outlets to ensure timely and accurate communication with shareholders[192]. Shareholder Information - The total number of shareholders increased from 13,697 to 14,066, representing a growth of approximately 2.7%[160]. - The largest shareholder, Xiong Yonghong, holds 28.54% of the shares, amounting to 20,170,000 shares, with no changes during the reporting period[161]. - The second-largest shareholder, Xiong Yongge, owns 10.43% of the shares, totaling 7,374,000 shares, also with no changes[161]. - The company has no preferred shares or convertible bonds outstanding during the reporting period[167][170]. - There were no changes in the controlling shareholders during the reporting period, with Xiong Yonghong and Xiong Yongge remaining the actual controllers[163][165]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report, highlighting potential operational risks[5]. - The company is addressing risks from rising labor costs by improving production efficiency and increasing automation levels[88]. - The company has committed to ensuring the accuracy, completeness, and timeliness of its IPO prospectus, taking legal responsibility for any false statements or omissions[104]. Social Responsibility - The company actively fulfilled its social responsibilities, ensuring the protection of shareholder and creditor rights[143]. - The company has actively engaged in social responsibility, donating tens of thousands of RMB for COVID-19 prevention efforts[144]. - The company has fulfilled its tax obligations in a timely manner since its establishment[144]. Future Plans - The company plans to significantly increase its production capacity for wet-pressed magnetic tiles, enhancing overall efficiency and profitability[75]. - In 2021, the company plans to enhance R&D investment and optimize customer structure to improve delivery and service capabilities[85]. - The company will actively seek new growth points and expand its business layout while focusing on its core business of wet-pressed magnetic tiles[85].