Group 1: Company Overview - Zhejiang Lino Fluid Control Technology Co., Ltd. specializes in control valves, which are essential components in fluid transport systems, providing functions such as regulation, flow direction, and pressure stabilization [2][3]. Group 2: Revenue Breakdown - In the first half of 2022, the revenue distribution was as follows: Chemical industry 69.34%, Pulp and paper industry 11.84%, Environmental industry 10.12%, and Oil and petrochemical industry 5.71% [3]. - Within the chemical sector, the new energy industries, including lithium batteries and polysilicon, accounted for 29.50% of total revenue [3]. Group 3: Growth in New Energy Sector - Revenue from lithium and polysilicon industries increased from 83.84 million in 2021 (12.18% of total revenue) to 121.72 million in the first half of 2022 (29.50% of total revenue) [3]. Group 4: Competitive Advantages - The company possesses a complete industrial chain, a diverse product line, and rapid delivery capabilities, establishing a strong market presence and brand reputation [4]. Group 5: Future Development Directions - Future focus areas include deepening engagement in core industries such as fine chemicals and pulp and paper, while also expanding into emerging sectors like polysilicon and lithium batteries [4]. Group 6: Production Capacity and Expansion - The new factory covers over 80,000 square meters, increasing the area by nearly 50,000 square meters. The third-quarter revenue for 2022 was 302 million, reflecting a 50.62% year-on-year growth [4]. - The new factory is projected to support production value needs of 1.5 billion, indicating potential for future expansion [4]. Group 7: Profit Margin Challenges - The decline in gross margin is attributed to changes in accounting standards, rising raw material costs, and strategic pricing adjustments for key projects [5]. - The company anticipates improvements in gross margin due to operational efficiencies and enhanced bargaining power as performance stabilizes [5]. Group 8: R&D Investments - R&D efforts are primarily focused on new product development and process improvements [5].

证券代码：300838 证券简称：浙江力诺 编号：2022-005 浙江力诺流体控制科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------------|-------------------------------------------------------------------------------| | | ☑ | 特定对象调研 □分析师会议 | | | □媒体采访 □业绩说明会 | | | 投资者关系活动 | □新闻发布会 | □路演活动 | | 类别 | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | 参与单位名称及 | | 泰康资产管理有限责任公司、千合资本管理有限公司、华安证券 | | 人员姓名 | 股份有限公司 | | | 时间 | 2022 年 11 月 22 日 | 10:00~11:00 | | 地点 | 线上交流 | | | 上市公司接待人 | 董事、副总经理兼董事会秘书：冯辉彬 | | | 员姓名 | 证券事务代表：王晓娜 | | ...

证券代码：300838 证券简称：浙江力诺 编号：2022-004 浙江力诺流体控制科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|--------------------------------------------------------------------------------|--------------------------------------------------------------| | | ☑ 特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活动 | □新闻发布会 | □路演活动 | | 类别 | 现场参观 | | | | □其他（请文字说明其他活动内容） | | | | | 浙江汇蔚资产管理有限公司、浙江益恒投资管理有限公司、鹏华 | | 参与单位名称及 | | 基金、西南证券、华鑫证券、上海今曦投资管理有限公司、山西 | | 人员姓名 | 员。 | 证券、华福证券、硕和资管等机构以及个人投资者共计 41 名人 | | 时间 | 2022 年 11 ...

证券代码：300838 证券简称：浙江力诺 编号：2022-003 浙江力诺流体控制科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|-----------------------------------------------------------|----------------------------------------------------------| | | ☑ 特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | 投资者关系活动 | □新闻发布会 | □路演活动 | | 类别 | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | 参与单位名称及 | 交银施罗德基金管理有限公司 | | | 人员姓名 | 华安证券股份有限公司 | | | 时间 | 2022 年 10 月 27 日 | 14:00~14:30 | | 地点 | 线上交流 | | | 上市公司接待人 员姓名 | 董事长兼总经理：陈晓宇 董事、副总经理兼董事会秘书：冯辉彬 | | | | 证券事务代 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥302,014,885.73, representing a 50.62% increase compared to the same period last year[5] - Net profit attributable to shareholders was ¥30,077,389.60, with a year-to-date net profit of ¥73,329,456.92, reflecting an 8.00% increase year-on-year[5] - The company reported a 43.13% increase in total revenue for the year-to-date, amounting to ¥714,627,943.53, driven by increased sales orders[11] - The company achieved operating revenue of 714.63 million RMB in the first three quarters of 2022, representing a year-on-year growth of 43.13%[19] - Total operating revenue for Q3 2022 reached CNY 714,627,943.53, an increase of 43.1% compared to CNY 499,291,197.42 in the same period last year[27] - Net profit for Q3 2022 was CNY 73,329,456.92, representing a 7.5% increase from CNY 67,900,171.92 in Q3 2021[28] - The total comprehensive income for the third quarter was approximately CNY 73.33 million, an increase from CNY 67.90 million in the same period last year, representing an increase of about 7.1%[32] - Basic and diluted earnings per share for the quarter were CNY 0.54, up from CNY 0.50 in the previous year, reflecting an increase of 8%[32] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,407,596,506.05, showing a 13.67% increase from the end of the previous year[5] - The total assets of the company reached CNY 1,407,596,506.05, an increase of 13.7% from CNY 1,238,317,529.45 at the start of the year[25] - Total liabilities increased to CNY 523,369,337.69, up 30.8% from CNY 400,151,818.01 at the beginning of the year[25] Cash Flow - The cash flow from operating activities showed a net outflow of ¥28,003,077.86, a significant decline of 203.59% compared to the previous period[12] - Cash inflow from operating activities was CNY 724.66 million, compared to CNY 528.21 million in the previous year, marking a growth of approximately 37.2%[31] - The net cash flow from operating activities was negative CNY 28.00 million, a decline from a positive CNY 27.03 million in the same period last year[32] - Cash inflow from investment activities was CNY 370.24 million, up from CNY 237.97 million, indicating an increase of about 55.4%[32] - The net cash flow from investment activities was CNY 87.91 million, a significant improvement from a negative CNY 117.38 million in the previous year[32] - Cash inflow from financing activities was CNY 134.76 million, compared to CNY 72.01 million in the previous year, reflecting an increase of approximately 87.5%[33] - The net increase in cash and cash equivalents for the period was CNY 39.22 million, contrasting with a decrease of CNY 77.80 million in the same period last year[33] - The ending balance of cash and cash equivalents was CNY 81.53 million, up from CNY 31.93 million at the end of the previous year[33] Inventory and Receivables - The company's inventory increased by 40.95% to ¥246,025,524.91, attributed to a rise in sales orders[9] - Accounts receivable rose to CNY 510,103,467.26, up 38.1% from CNY 369,158,003.06 at the start of the year[24] - Inventory levels increased to CNY 246,025,524.91, a rise of 41.0% compared to CNY 174,542,246.33 at the beginning of the year[24] Shareholder Information - The top 10 shareholders hold a total of 83.66 million shares, with the largest shareholder, Chen Xiaoyu, holding 28.55 million shares[18] - The company has not released any restricted shares during the reporting period, maintaining a total of 83.66 million restricted shares[18] - The company has not reported any changes in the number of preferred shareholders or their holdings[16] Corporate Actions - The company has terminated the acquisition of Wenzhou Valve Co., Ltd., leading to a significant increase of 906.73% in other receivables[9] - The company terminated the acquisition of Wuzhou Valve Co., Ltd. due to changes in cooperation conditions, and a deposit of 10 million RMB was returned as part of the share repurchase agreement[20][21] - The company plans to grant 2.74 million shares under the 2022 restricted stock incentive plan, with an initial grant of 2.37 million shares at a price of 8.20 RMB per share[21] - The company continues to monitor the performance of the share repurchase agreement and will fulfill its information disclosure obligations[21] Operational Developments - The company relocated its registered address to 2899 Wanghai Road, Wenzhou, covering an area of 82 acres with a building area of over 80,000 square meters, which will further enhance production capacity[20] - The company has completed the necessary legal and regulatory procedures for the relocation of its registered address[20] - The company has strengthened its market development and large customer acquisition efforts, leading to an increase in sales orders[19] Expenses - The financial expenses surged by 529.98% to ¥1,149,051.45, primarily due to increased bank borrowings[11] - Research and development expenses for Q3 2022 were CNY 25,015,391.29, an increase of 26.0% from CNY 19,812,475.13 in the same period last year[28] Audit Status - The report for the third quarter was not audited[34]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 412,613,057.80, representing a 38.10% increase compared to CNY 298,780,188.94 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 43,252,067.32, an increase of 11.51% from CNY 38,788,084.61 in the previous year[19]. - Basic earnings per share increased by 14.29% to CNY 0.32 from CNY 0.28 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 40,192,969.45, a 4.66% increase from CNY 38,403,361.41 in the same period last year[19]. - The company's operating revenue reached 412.61 million RMB, representing a year-on-year growth of 38.10%[32]. - The company's operating revenue for the reporting period was CNY 412,613,057.80, representing a year-on-year increase of 38.10% due to growth in sales orders[53]. - The net profit for the first half of 2022 was ¥43,252,067.32, representing a growth of 11.9% from ¥38,788,084.61 in the first half of 2021[152]. - The basic and diluted earnings per share for the first half of 2022 were both ¥0.32, compared to ¥0.28 in the first half of 2021, indicating an increase of 14.3%[153]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -27,252,935.04, a decline of 176.86% compared to CNY 35,458,105.72 in the same period last year[19]. - The company reported a net increase in cash and cash equivalents of CNY 4,914,430.22, a 110.58% increase from the previous year, mainly due to an increase in bank deposit balances[54]. - Cash inflows from operating activities totaled ¥460,978,577.15, up from ¥351,581,882.21 in the previous year, reflecting a growth of 31.1%[155]. - The net cash flow from investment activities was ¥27,598,281.53, recovering from a negative cash flow of -¥24,576,260.59 in the first half of 2021[155]. - The total cash and cash equivalents at the end of the period were ¥47,224,899.84, down from ¥63,302,415.51 at the end of the previous year[156]. - The company has a total of RMB 19,500.00 million in bank wealth management products, with RMB 6,000.00 million remaining unexpired[79]. - Cash inflows from investment activities amounted to ¥300,133,031.02, significantly higher than ¥60,769,997.92 in the same period last year, marking an increase of 392.5%[155]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,338,980,934.75, an increase of 8.13% from CNY 1,238,317,529.45 at the end of the previous year[19]. - The company's fixed assets increased to CNY 322,742,756.05, a rise of 14.11% due to investments in new production lines[61]. - The total current liabilities rose to ¥466,444,131.36, up from ¥398,237,553.00, marking a 17.1% increase[150]. - The company reported a significant increase in inventory, which reached ¥226,768,852.58, up 29.9% from ¥174,542,246.33[148]. Research and Development - Research and development investment rose by 12.96% to CNY 13,557,760.14, mainly due to an increase in new product development projects[53]. - The company has established a comprehensive R&D system focused on market demand and customer pain points, resulting in the development of customized products for major projects[1]. - The company plans to increase R&D investment to strengthen its technological barriers and expand its product structure[83]. - The company has a total of 81 patents, covering core technologies for various valve products including ball valves, regulating valves, butterfly valves, and gate valves[46]. Market Position and Industry Trends - The control valve industry is experiencing increased demand due to downstream industries upgrading and the implementation of national policies promoting green development and technological advancement[28]. - The domestic market share of local control valve brands has risen to 40.35%, up from 38.50% in the previous year, indicating a growing trend of import substitution[31]. - The company is positioned in the first tier of the domestic control valve industry, benefiting from strong customization capabilities and a solid reputation[32]. - The new energy sector, particularly in solar and lithium battery industries, is expected to drive significant growth in demand for control valves as these industries expand[29]. - The company focuses on providing customized control valve solutions across various industries, including petrochemical, energy, and environmental sectors[34]. Corporate Governance and Compliance - The company emphasizes the importance of risk awareness regarding its strategic planning and future outlook[3]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[97]. - There were no significant lawsuits or arbitration matters during the reporting period[108]. - The company has not engaged in any significant related party transactions during the reporting period[110]. - The company has a solid talent foundation and plans to enhance its talent pool through various methods including internal training and recruitment[86]. Shareholder Information - The total number of shares is 136,340,000, with 61.36% being restricted shares[127]. - The largest shareholder, Chen Xiaoyu, holds 20.94% of the shares, amounting to 28,550,000 shares[133]. - The second-largest shareholder, Ren Xiang, holds 9.44% of the shares, amounting to 12,867,000 shares[133]. - The total number of common shareholders at the end of the reporting period is 13,021[133]. - The number of shareholders and their holdings remain unchanged during the reporting period[130]. Financial Reporting and Standards - The financial report was approved for release on August 22, 2022, by the company's board of directors[166]. - The semi-annual financial report has not been audited[146]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect its financial status accurately[171]. - The accounting period for the company runs from January 1 to December 31 each year[172].

Financial Performance - The company's revenue for Q1 2022 was CNY 167,304,764.47, representing a 63.54% increase compared to CNY 102,304,621.68 in the same period last year[4] - Net profit attributable to shareholders was CNY 18,054,223.47, up 29.29% from CNY 13,964,483.22 year-on-year[4] - The company achieved operating revenue of 167.30 million RMB, representing a year-on-year growth of 63.54%[22] - Net profit attributable to shareholders reached 18.05 million RMB, an increase of 29.29% compared to the previous year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 17.16 million RMB, up by 23.84% year-on-year[22] - The total operating revenue for Q1 2022 was CNY 167,304,764.47, representing an increase of 63.6% compared to CNY 102,304,621.68 in the same period last year[28] - The net profit for Q1 2022 reached CNY 18,054,223.47, a 29.8% increase from CNY 13,964,483.22 in Q1 2021[30] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.13, compared to CNY 0.10 in the previous year[30] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 19,287,289.16, a decline of 361.96% compared to a positive CNY 7,362,794.77 in the previous year[15] - Cash inflows from operating activities totaled CNY 207,633,005.45, an increase from CNY 163,818,746.14 in Q1 2021[32] - The company reported a total cash outflow from operating activities of CNY 226,920,294.61, compared to CNY 156,455,951.37 in Q1 2021[32] - The net cash flow from investing activities was -22,198,576.78, compared to a positive cash flow of 4,756,029.70 in the previous period[33] - Cash inflow from financing activities totaled 37,700,000.00, while cash outflow was 21,892,113.26, resulting in a net cash flow of 15,807,886.74[33] - The net increase in cash and cash equivalents was -25,545,322.62, with a beginning balance of 42,310,469.62, leading to an ending balance of 16,765,147.00[33] - Cash and cash equivalents at the end of the period were 26.51 million RMB, down from 62.37 million RMB at the beginning of the year[25] Assets and Liabilities - Total assets increased by 29.38% to CNY 1,227,585,533.71 from CNY 948,847,792.91 at the end of the previous year[5] - The total liabilities decreased to CNY 371,365,598.80 from CNY 400,151,818.01 year-over-year[28] - The total equity attributable to shareholders increased to CNY 856,219,934.91 from CNY 838,165,711.44 in the previous year[28] - The company's inventory increased to 183.52 million RMB from 174.54 million RMB at the beginning of the year[25] - Short-term borrowings rose to 86.73 million RMB from 71.83 million RMB at the beginning of the year[26] - Accounts payable increased to 161.33 million RMB from 156.21 million RMB at the beginning of the year[26] Research and Development - Research and development expenses rose by 47.59% to CNY 5,734,436.47, reflecting increased investment in R&D[13] - Research and development expenses for Q1 2022 amounted to CNY 5,734,436.47, up from CNY 3,885,314.47 in Q1 2021, indicating a focus on innovation[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,421[16] - The total number of restricted shares at the end of the period was 83,656,000, unchanged from the beginning of the period[21] Government Support and Market Strategy - The company received government subsidies amounting to CNY 199,265.69 during the reporting period[7] - The company is actively expanding its market presence and enhancing product and service offerings to meet rising demand for control valves[22] - The company is focused on seizing development opportunities due to the ongoing transformation and upgrading of downstream industries[22] Audit Information - The company did not undergo an audit for the first quarter report[34]

Financial Performance - The company's operating revenue for 2021 was ¥688,359,532.75, representing a 46.53% increase compared to ¥469,768,361.77 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥85,265,603.29, a 37.34% increase from ¥62,083,446.32 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥81,557,750.47, up 45.56% from ¥56,029,473.89 in 2020[18]. - The total assets at the end of 2021 reached ¥1,238,317,529.45, a 26.47% increase from ¥979,158,500.48 at the end of 2020[18]. - The net assets attributable to shareholders increased by 8.38% to ¥838,165,711.44 at the end of 2021 from ¥773,351,108.15 at the end of 2020[18]. - The company reported a basic earnings per share of ¥0.63 for 2021, which is a 21.15% increase from ¥0.52 in 2020[18]. - The cash flow from operating activities for 2021 was ¥51,172,321.29, a slight decrease of 2.78% compared to ¥52,638,287.61 in 2020[18]. - The company achieved a revenue of 688.36 million RMB in the reporting period, representing a year-on-year growth of 46.53%[34]. - The domestic market share of local control valve brands increased to 40.35% in 2021, up from 38.50% in 2020, indicating a strong trend towards import substitution[32]. - The chemical industry contributed 448.59 million yuan to total revenue, accounting for 65.17% of the company's total revenue, with a year-on-year growth of 51.26%[57]. Research and Development - The company reported a significant focus on research and development in control valves, which are critical in industrial automation, indicating a strong market position[10]. - The company has developed a comprehensive R&D model that combines independent research and industry-academia collaboration, resulting in 77 patents held by the end of the reporting period[46]. - Research and development expenses increased by 72.97% to ¥27,702,739.34 in 2021, compared to ¥16,015,778.77 in 2020, indicating a strong commitment to innovation[78]. - The number of R&D personnel increased by 33.33% to 92 in 2021, with a higher proportion of staff under 30 years old, rising from 11 to 21[81]. - The company is focusing on developing high-parameter valves and industrial process pumps, with ongoing research in laser cladding remanufacturing technology[80]. Corporate Governance - The company’s financial report has been confirmed as true, accurate, and complete by its board and management, ensuring transparency[2]. - The company’s governance structure includes a board of directors and supervisory board, ensuring accountability and oversight[2]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and future plans[3]. - The company has established a comprehensive internal control and management system to ensure compliance with governance standards[116]. - The company held its annual general meeting with a participation rate of 62.22% and a temporary meeting with 58.49% participation, ensuring shareholder engagement[127]. Market Position and Strategy - The company is positioned in the first tier of the domestic control valve industry, reflecting its strong market presence and brand reputation[34]. - The company is expected to continue expanding its production capacity and market presence through strategic acquisitions and industry consolidation[33]. - The company has established long-term stable partnerships with major clients, including China Petroleum and Chemical Corporation and China National Offshore Oil Corporation[49]. - The company is actively developing new industry clients, achieving good cooperation with several new energy companies[49]. - The company is recognized as a national high-tech enterprise and has established a provincial-level research and development center, enhancing its competitive edge[46]. Risk Management - The company has identified potential risks related to industry development policies that could impact its performance, particularly in relation to fixed asset investments in downstream industries[107]. - The company has implemented various risk management measures, including credit assessments and legal follow-ups on overdue debts, to mitigate collection risks[109]. - The company emphasizes the need for a high-quality management team and plans to enhance talent through training and recruitment to meet growth demands[111]. Shareholder Engagement and Profit Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 136,340,000 shares[3]. - The cash dividend distribution accounted for 100% of the total profit distribution amount, with no stock dividends or capital reserve transfers[161][162]. - The company aims to distribute profits at least once a year, within two months after the annual general meeting approval[186]. - The company will ensure that any repurchased shares will be canceled to avoid affecting the distribution of equity and capital scale[185]. - The company has committed to maintaining a consistent financial accounting system across its subsidiaries[188]. Environmental Commitment - The company is committed to achieving the dual carbon goals of peak carbon emissions by 2030 and carbon neutrality by 2060, aligning with national policies[10]. - The company emphasizes environmental protection and has implemented measures to reduce carbon emissions, including energy-saving initiatives[173]. - The control valve industry is supported by national policies, which emphasize the importance of automation and modernization in industrial manufacturing[28]. Employee Development - The company has implemented a comprehensive training system to enhance employee skills and support strategic goals, including various training programs and partnerships with universities[157]. - The company reported a total of 728 employees at the end of the reporting period, with 441 in production, 139 in sales, 80 in technical roles, and 56 in administration[154][155]. - The company has no current plans for stock incentive programs or employee stock ownership plans[163]. Financial Management - The company has maintained effective internal controls related to financial statements as of December 31, 2021, according to the internal control verification report[168]. - The company has fulfilled all commitments on time during the reporting period[192]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[172].