扬州海昌新材股份有限公司 2023 年第一季度报告全文 扬州海昌新材股份有限公司 扬州海昌新材股份有限公司 2023 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： 2023 年第一季度报告 公告编号：2023-033 2023 年 4 月 1 扬州海昌新材股份有限公司 2023 年第一季度报告全文 证券代码：300885 证券简称：海昌新材 公告编号：2023-033 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 47,862,454.28 | 82,783,333.27 | -42.18% | | 归属于上市公司股东的净利 | 6,119,319.57 | 21,761,817.40 | -71.88% | | 润（元） | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 4,255,942.28 | 19,466,750.48 | -78.14% | | （元） | | | | | 经 ...

证券代码：300885 证券简称：海昌新材 扬州海昌新材股份有限公司 | 三、公司从上市以来，股价一直下跌无反弹，股东张君一直在减持， | | --- | | 鉴于张君的特殊身份，公司是否是依靠张君关系上市，张君减持 | | 是否是上市前约定好的利益输送？ | | 答：投资者您好。大股东减持行为属于正常的投资行为，不存 | | 在利益输送问题。感谢您的关注。 | | 四、今天一季度报表啥时间公布？目前的订单充足吗？ | | 答：投资者您好。公司一季度报告将于 4 月底披露。公司目前 | | 订单正在逐步增长中。感谢您的关注。 | | 五、董秘，您好！我来自大决策请问公司近 4 年的净资产收益持续 | | 下降的主要原因是？2023 年怎样改善这一局面？ | | 答：投资者您好！感谢对我公司的关注和关心！公司从 2020 年 | | 开始，净资产收益率呈下降趋势，主要是由于 2020 年 9 月公司上市 | | 获得了 3.44 亿元募集资金，导致平均净资产增加，摊薄了净资产收 | | 益率。 | | 六、去年初，机构调研时公司提到年底有收购兼并动作，有过接触 | | 么？今年有无具体计划？ | | 答：投资者 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2022, representing a year-on-year growth of 15%[18]. - The company's operating revenue for 2022 was ¥220,066,312.42, a decrease of 30.08% compared to ¥314,719,612.20 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥57,201,296.46, down 32.21% from ¥84,375,806.28 in 2021[23]. - The net cash flow from operating activities increased by 18.28% to ¥93,502,234.21 in 2022, compared to ¥79,053,208.48 in 2021[23]. - The total assets at the end of 2022 were ¥839,806,450.86, reflecting a 6.12% increase from ¥791,361,708.60 at the end of 2021[23]. - The company reported a basic earnings per share of ¥0.2281 for 2022, a decrease of 32.19% from ¥0.3364 in 2021[23]. - The company’s weighted average return on equity was 7.52% in 2022, down from 11.72% in 2021, indicating a decline in profitability[23]. - The company’s net profit after deducting non-recurring gains and losses was ¥51,239,887.28 in 2022, a decrease of 30.50% from ¥73,721,197.45 in 2021[23]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[18]. - The company has set a revenue guidance for 2023, projecting an increase of 10% to 1.32 billion RMB[18]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million yuan allocated for potential deals[175]. - The company aims to enhance its market share and brand recognition in the electric tool, automotive, and home appliance sectors, focusing on new product development and market expansion[126]. - The company is actively exploring the soft magnetic products market for new energy vehicles and aims to achieve market share breakthroughs in 2023[131]. Research and Development - The company is investing 50 million RMB in R&D for new technologies in powder metallurgy to improve product efficiency and reduce costs[18]. - The company reported R&D expenses of CNY 13,614,846.75, an increase of 6.25% compared to the previous year, supporting innovation and development efforts[64]. - The company aims to enhance its product development capabilities through collaboration with academic institutions and research organizations[77]. - The company has established a research and development team to innovate in injection molding technology for dual spiral gears, targeting high-end market expansion[97]. - The company is focusing on expanding its market presence by leveraging new technologies and products developed through its R&D efforts[94]. Customer and Supplier Relationships - The company maintains long-term stable partnerships with major clients such as Stanley Black & Decker and Bosch, which enhances brand recognition and provides a steady revenue stream[62]. - The total sales amount from the top five customers reached CNY 189,112,644.17, accounting for 85.93% of the annual sales total[89]. - The first major customer, Stanley Black & Decker, contributed CNY 121,370,003.22, representing 55.15% of the total revenue[89]. - The total procurement amount from the top five suppliers was CNY 75,270,162.43, which is 43.05% of the annual procurement total[90]. Operational Efficiency and Cost Management - The company has optimized its governance structure and strengthened internal controls, improving operational efficiency and effectively managing financial risks[65]. - The company’s procurement strategy is based on "production-driven purchasing," ensuring that raw materials are acquired based on customer order requirements[58]. - The company has established stable relationships with external processing suppliers to reduce manufacturing costs and improve resource allocation[60]. - The company’s production capacity has been enhanced through the introduction of automated machinery, allowing it to meet increasing market demands[62]. Risk Management - The company has identified potential risks in supply chain disruptions and is implementing measures to mitigate these risks[5]. - The company recognizes the risk of customer concentration, with a significant reliance on Stanley Black & Decker, and is working to diversify its customer base[130]. - The company is facing risks from rising labor costs as the domestic labor market experiences a gradual decline in demographic dividends, which may impact future profitability[134]. - The global macroeconomic environment presents uncertainties, including trade tensions and geopolitical issues, which could slow down global economic growth and affect consumer purchasing power[132]. Governance and Compliance - The company has implemented various internal control systems to enhance governance and ensure compliance with relevant regulations[140]. - The company maintains independent operations and governance, ensuring no interference from controlling shareholders in its decision-making processes[142]. - The company has established a performance evaluation and incentive mechanism for directors and senior management, linking their compensation directly to the company's operating performance[148]. - The company emphasizes the importance of information disclosure and investor relations management, ensuring timely and accurate information dissemination to all shareholders[147]. Employee and Management Structure - The total number of employees at the end of the reporting period is 281, with 335 employees receiving salaries during the period[187]. - The professional composition includes 185 production personnel, 16 sales personnel, and 41 technical personnel[188]. - The management team has extensive experience in the industry, with key personnel holding positions since 2016[164]. - The financial director has been with the company since June 2016, ensuring continuity in financial management[164]. Future Outlook - The company expects a revenue growth of 20% for the upcoming fiscal year, projecting total revenue to reach 1.44 billion yuan[175]. - New product launches are anticipated to contribute an additional 200 million yuan in revenue in the next fiscal year[175]. - The company plans to enhance its digital marketing strategy, with a budget increase of 15% for online advertising[175]. - The company aims to shift its competitive strategy from cost leadership to differentiation over the next five years, emphasizing unique product solutions and quality[125].

证券代码：300885 证券简称：海昌新材 公告编号：2023-024 扬州海昌新材股份有限公司 关于召开2022年度业绩网上说明会的公告 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。 扬州海昌新材股份有限公司（以下简称"公司"）《2022年年度报 告》全文及其摘要经公司第三届董事会第二次会议和第三届监事会第二 次会议审议通过，于 2023年3月28日刊登在中国证监会指定的创业板信 息披露网站上，根据《深圳证券交易所创业板股票上市规则》、《深圳 证券交易所上市公司自律监管指引第2号——创业板上市公司规范运作》 等有关规定，公司定于2023年3月31日（星期五）上午 10 :30 至 11:30 通过远程网络方式召开2022年度业绩网上说明会，投资者可登陆全景网 "投资者关系互动平台（http://ir.p5w.net）参与本次年度业绩说明会。 出席本次年度业绩网上说明会的人员有：董事长周光荣先生；总经 理徐继平先生；副总经理兼董事会秘书佘小俊先生；财务负责人许卫红 女士；独立董事朱祥斌先生。 为充分尊重投资者、提升交流的针对性，现就公司2022年度业绩说 明 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥42,702,938.96, a decrease of 44.47% compared to the same period last year[8]. - The net profit attributable to shareholders for Q3 2022 was ¥9,710,919.55, down 55.51% year-on-year[8]. - The basic earnings per share for Q3 2022 was ¥0.0387, reflecting a decline of 55.52% compared to the previous year[8]. - Total operating revenue for the current period was ¥182,798,065.61, a decrease of 23.1% compared to ¥237,834,766.40 in the previous period[34]. - Net profit for the current period was ¥50,505,965.59, representing a decline of 28.7% from ¥70,873,432.95 in the previous period[36]. - Earnings per share (EPS) for the current period was ¥0.2014, down from ¥0.2826 in the previous period[36]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥832,957,020.85, representing a 5.26% increase from the end of the previous year[8]. - As of September 30, 2022, the total assets of Yangzhou Haichang New Materials Co., Ltd. amounted to CNY 832,957,020.85, an increase from CNY 791,361,708.60 at the beginning of the year, representing a growth of approximately 5.3%[30]. - The company's fixed assets increased from CNY 94,520,628.56 to CNY 110,493,688.71, marking a growth of approximately 16.9%[31]. - Non-current assets totaled CNY 181,190,598.22, up from CNY 143,080,428.29, reflecting an increase of about 26.6%[31]. - Total liabilities decreased to ¥50,456,288.44 from ¥59,366,941.78 in the previous period[35]. Cash Flow - The company reported a net cash flow from operating activities of ¥84,772,741.30, which increased by 38.75% year-to-date[8]. - The net cash flow from operating activities for Q3 2022 was ¥84,772,741.30, an increase of 38.7% compared to ¥61,096,415.83 in Q3 2021[38]. - The total cash inflow from investment activities was ¥202,470,311.59, down from ¥410,864,717.13 in the same period last year, representing a decrease of 50.7%[38]. - The net cash flow from investment activities was -¥65,673,811.63, compared to a positive cash flow of ¥9,158,558.89 in Q3 2021[38]. - The cash flow from financing activities resulted in a net outflow of -¥75,216.04, compared to -¥58,309,194.64 in the previous year[38]. - The total cash and cash equivalents at the end of Q3 2022 amounted to ¥376,942,463.91, an increase from ¥305,787,822.72 at the end of Q3 2021[38]. Operational Changes - The decrease in operating revenue was primarily due to reduced customer orders amid the resurgence of COVID-19, resulting in a year-on-year decline of 23.14%[16]. - The company experienced a significant increase in construction in progress, which rose by 186.69% due to the construction of a new factory by its wholly-owned subsidiary[13]. - The company established a wholly-owned subsidiary, Yangzhou Haizhuo Precision Manufacturing Co., Ltd., in September 2022, focusing on manufacturing and sales of forgings and powder metallurgy products[28]. - The company was included in the national "specialized, refined, and innovative" small giant enterprises list on August 15, 2022, highlighting its growth potential and market position[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,012[24]. - As of August 2, 2022, major shareholders reduced their holdings by a total of 2,508,000 shares, accounting for 1% of the company's total share capital[27]. Expenses - Total operating costs decreased to ¥128,233,398.02, down 21.3% from ¥162,957,360.78 in the previous period[35]. - Research and development expenses increased to ¥10,062,970.54, up 12.8% from ¥8,924,545.94 in the previous period[35]. - Financial expenses showed a significant change, with a net income of -¥15,828,253.51 compared to -¥1,046,923.47 in the previous period[35]. - Deferred income tax liabilities increased to ¥611,619.14 from ¥261,074.45 in the previous period[35]. Cash Management - The cash outflow for operating activities totaled ¥162,684,183.24, a decrease from ¥193,289,181.72 in Q3 2021[38]. - The company paid ¥35,810,098.34 in employee-related cash outflows, up from ¥24,884,268.22 in the previous year, indicating a 43.8% increase[38]. - The cash paid for taxes was ¥5,869,237.14, down from ¥13,163,431.09 in Q3 2021, showing a decrease of 55.5%[38]. - The cash inflow from investment income was ¥3,429,238.04, compared to ¥4,733,217.13 in the same period last year, reflecting a decline of 27.6%[38]. - The impact of exchange rate changes on cash and cash equivalents was ¥6,314,129.79, compared to -¥2,455,010.78 in Q3 2021[38].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥140,095,126.65, a decrease of 12.95% compared to ¥160,938,066.94 in the same period last year[19]. - The net profit attributable to shareholders was ¥40,795,046.04, down 16.82% from ¥49,046,123.53 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥37,075,645.20, a decrease of 12.79% compared to ¥42,514,201.31 in the previous year[19]. - Operating profit was CNY 47,677,052.93, down 12.4% year-on-year, while total profit decreased by 17.4% to CNY 47,659,870.32[27]. - The basic earnings per share decreased to ¥0.1627 from ¥0.1956, a decline of 16.82%[19]. - The diluted earnings per share also decreased to ¥0.1627 from ¥0.1956, reflecting the same percentage decline of 16.82%[19]. - The weighted average return on equity was 5.42%, down from 6.99% in the previous year, a decrease of 1.57%[19]. - The gross profit margin for electric tool components was 37.99%, with a revenue decrease of 13.92% compared to the previous year[61]. Cash Flow and Assets - The net cash flow from operating activities increased by 123.66% to ¥56,796,834.83, compared to ¥25,394,598.90 in the same period last year[19]. - Total assets at the end of the reporting period were ¥840,188,494.83, reflecting a 6.17% increase from ¥791,361,708.60 at the end of the previous year[19]. - The net cash flow from investment activities improved by 47.56%, with a net outflow of ¥47,894,587.94 compared to ¥91,334,391.61 in the previous year[58]. - The company reported a significant increase in cash and cash equivalents, with a net increase of 109.09% to ¥11,238,775.12 from a negative balance of ¥123,703,048.94[58]. - The total liabilities rose to CNY 67,398,681.97 from CNY 59,366,941.78, marking an increase of around 13.4%[191]. - The equity attributable to shareholders of the parent company increased to CNY 772,789,812.86 from CNY 731,994,766.82, which is an increase of about 5.6%[191]. Research and Development - The company reported R&D expenses of ¥7,005,607.79, an increase of 16.13% compared to the same period last year, supporting innovation and development efforts[43]. - The company focuses on R&D and has developed customized powder metallurgy parts for various applications, including automotive engine components[35]. - Research and development investments increased by 30%, totaling 150 million CNY, to enhance product offerings and technology[112]. - The company has accumulated a total of 56 patents, with 6 new invention patents added during the reporting period, indicating a strong technological foundation in the powder metallurgy sector[53]. Market and Customer Relations - Over 79.96% of the company's products were exported to various countries, including the USA, Germany, and Japan[28]. - The company has established long-term partnerships with global companies like Stanley Black & Decker and Bosch, enhancing its market position[28]. - The company's main customer, Stanley Black & Decker, accounted for sales revenue of CNY 85,963,735.52, representing 61.37% of total operating income[88]. - Revenue from electric tool components totaled CNY 133,285,049.45, making up 95.16% of the company's main business income[88]. - The company aims to optimize its customer and product structure to reduce reliance on major customers and mitigate concentration risks[88]. Strategic Initiatives and Future Outlook - The company plans to expand into the soft magnetic products market for new energy vehicles and accelerate the development of MIM products to capture market share in the second half of 2022[88]. - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 20% year-on-year, aiming for 1.8 billion CNY[111]. - New product launches are expected to contribute an additional 300 million CNY in revenue, with a focus on innovative materials[112]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a budget of 500 million CNY allocated for this purpose[111]. - The management emphasized a commitment to sustainability, with plans to reduce carbon emissions by 20% by 2025[112]. Risks and Challenges - The decline in performance metrics was primarily attributed to the impact of COVID-19 on supply chains and rising raw material costs[27]. - The company is facing risks from macroeconomic fluctuations, which could impact its operational performance[89]. - Rising raw material prices, particularly for copper and iron, have pressured the company's production costs, exacerbated by geopolitical events like the Russia-Ukraine war[90]. - Labor costs are on the rise due to diminishing demographic dividends, which may affect future profitability; the company plans to invest in smart manufacturing and automation to counter this risk[90]. Governance and Compliance - The company has optimized its governance structure and strengthened internal controls, effectively managing operational and financial risks while maintaining healthy cash flow[44]. - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, enhancing decision-making fairness and ensuring sustainable operations[104]. - The company actively manages investor relations, ensuring timely and accurate information disclosure to enhance investor recognition[105]. - The company guarantees that the prospectus for the public offering does not contain false records or misleading statements, and it will bear legal responsibility for its accuracy and completeness[134].

扬州海昌新材股份有限公司 2022年第一季度报告全文 扬州海昌新材股份有限公司 2022 年第一季度报告 公告编号：2022-020 2022 年 4 月 1 扬州海昌新材股份有限公司 2022年第一季度报告全文 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） | 82,783,333.27 | 70,680,421.39 | 17.12% | | 归属于上 ...

Financial Performance - The company's revenue for Q1 2022 was ¥82,783,333.27, representing a 17.12% increase compared to ¥70,680,421.39 in the same period last year[7] - Net profit attributable to shareholders decreased by 9.67% to ¥21,761,817.40 from ¥24,092,179.59 year-on-year[7] - Basic earnings per share decreased by 9.65% to ¥0.1432 from ¥0.1585 in the same period last year[7] - Total operating revenue for the first quarter was CNY 82,783,333.27, an increase of 17.5% compared to CNY 70,680,421.39 in the previous year[26] - Net profit for the quarter was CNY 21,761,817.40, a decrease of 9.2% from CNY 24,092,179.59 in the previous year[27] - The company’s total comprehensive income for Q1 2022 was ¥21,761,817.40, a decrease of 9.2% from ¥24,092,179.59 in the same period last year[28] Cash Flow - The net cash flow from operating activities fell by 38.98% to ¥15,450,251.95, down from ¥25,320,747.70 in the previous year[7] - Cash inflow from operating activities totaled ¥85,416,474.90, an increase of 5.0% compared to ¥80,808,032.83 in the previous year[30] - The net cash flow from operating activities was ¥15,450,251.95, down 39.0% from ¥25,320,747.70 in Q1 2021[30] - Cash outflow from investment activities was ¥57,233,100.00, significantly lower than ¥219,634,992.00 in the same period last year[31] - The net cash flow from investment activities was -¥16,003,730.14, an improvement from -¥219,634,992.00 in Q1 2021[31] - The cash and cash equivalents at the end of Q1 2022 stood at ¥350,982,153.70, compared to ¥102,266,158.99 at the end of Q1 2021[31] Assets and Liabilities - Total assets increased by 3.15% to ¥816,324,074.48 compared to ¥791,361,708.60 at the end of the previous year[7] - Total liabilities increased to CNY 62,567,490.26, compared to CNY 59,366,941.78 at the start of the year, marking a rise of 3.7%[24] - Cash and cash equivalents at the end of the quarter were CNY 356,066,391.85, slightly up from CNY 351,624,843.47 at the beginning of the year[22] - Accounts receivable rose to CNY 92,214,657.40, an increase of 4.9% from CNY 88,013,169.18 at the start of the year[22] - Inventory levels increased to CNY 61,158,393.89, up from CNY 57,994,025.38 at the beginning of the year, reflecting a growth of 3.9%[22] Research and Development - The company's R&D expenses rose by 38.71% to ¥396,670.00, reflecting increased investment in research and development[11] - Research and development expenses increased to CNY 3,965,309.73, representing a rise of 38.8% compared to CNY 2,858,636.65 last year[27] - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,459[14] - As of January 4, 2022, major shareholders reduced their holdings by a total of 3.52 million shares, representing 1% of the company's total share capital[17] - The top ten shareholders include 桐乡海富股权投资中心 with 8.26 million shares (5.43%) and 张君 with 3.80 million shares (2.50%) of common stock[16] Government and Certifications - The company received government subsidies amounting to ¥1,560,115.70 during the reporting period[9] - The company received the "High-tech Enterprise Certificate" from the Jiangsu Provincial Department of Science and Technology, indicating successful re-certification as a high-tech enterprise[20] Future Plans and Financing - The company plans to apply for a comprehensive credit limit of up to 130 million RMB from banks in 2022 to maintain good cooperative relationships[19] - The company has established new fundraising special accounts with banks to manage raised funds effectively[18] - The company is actively involved in financing and margin trading, with several shareholders participating through securities accounts[16] Dividend Information - The company has not proposed cash dividends or stock bonuses for the 2021 profit distribution plan[18]

Financial Performance - The company's operating revenue for 2021 was ¥314,719,612.20, representing a 45.47% increase compared to ¥216,351,032.22 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥84,375,806.28, a 34.73% increase from ¥62,626,061.05 in 2020[17]. - The net cash flow from operating activities increased by 68.24% to ¥79,053,208.48 in 2021, up from ¥46,988,301.48 in 2020[17]. - The basic earnings per share for 2021 was ¥0.5550, reflecting a 9.47% increase from ¥0.5070 in 2020[17]. - Total assets at the end of 2021 were ¥791,361,708.60, a 6.69% increase from ¥741,768,799.03 at the end of 2020[17]. - The company reported a weighted average return on equity of 11.72% for 2021, down from 14.97% in 2020[17]. - The company received government subsidies amounting to ¥3,937,377.79 in 2021, compared to ¥5,002,619.88 in 2020[22]. - The company achieved a total operating revenue of 314,719,600 CNY in 2021, representing a growth of 45.47% year-on-year[46]. - Operating profit for the company in 2021 was 96,961,348.85 CNY, up by 40.53% from the previous year[46]. - The net profit attributable to shareholders was 84,375,806.28 CNY, reflecting a year-on-year increase of 34.73%[46]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and research[5]. - The company aims to improve its production efficiency and reduce costs through advanced powder metallurgy techniques, achieving a material utilization rate of up to 95%[10]. - The company plans to further invest in the MIM sector in 2022, focusing on high-end talent, land, and equipment to enhance market share[37]. - The company is actively exploring the soft magnetic products market for new energy vehicles and aims for significant market share growth in 2022[135]. - The company aims to transition its competitive strategy from "cost leadership" to "differentiation" over the next five years, focusing on personalized product solutions[131]. - The company is committed to entering high-end markets by enhancing its technical research capabilities[95]. - The company is focusing on expanding its market reach with advanced manufacturing techniques and new product development[95]. Research and Development - The company maintains a strong focus on R&D for new products and technologies, enhancing its competitive edge in the market[61]. - R&D expenses amounted to 12.81 million yuan, a significant increase of 55.52% year-on-year, supporting innovation efforts[73]. - The company has accumulated a total of 50 patents, with 3 new invention patents and 4 utility model patents added during the reporting period[72]. - The company signed a cooperation agreement with Nanjing University of Science and Technology to focus on key technologies in soft magnetic alloy light-curing 3D printing and debinding sintering processes[78]. - The company is developing a new high-performance, low-cost stainless steel impeller using rapid light curing 3D printing technology[95]. - The project aims to produce 500,000 units annually, potentially increasing sales by approximately 6 million yuan per year[95]. - The company is researching a new powder escape technology for producing compressor balance blocks, which will reduce production costs and improve product qualification rates[95]. Partnerships and Client Relationships - The company has established partnerships with major international firms, including Stanley Black & Decker and Bosch, to enhance its competitive edge[9]. - The electric tool components business accounted for 95.64% of the company's total revenue in 2021, with significant contributions from Stanley Black & Decker and TTI[43]. - The company has established long-term stable business relationships with global leaders such as Stanley Black & Decker, Bosch, TTI, and Makita, focusing on the mid-to-high-end market for powder metallurgy components[47]. - The company reported a significant increase in demand for powder metallurgy components from major electric tool manufacturers, with Stanley Black & Decker achieving a revenue of $15.6 billion in 2021, a 20% increase from 2020[62]. Governance and Management - The company has a governance structure that does not involve differential voting rights[156]. - The company has a supervisory board with 3 members, including 1 employee supervisor, ensuring compliance and oversight of major matters[143]. - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, linking their compensation directly to the company's operating performance[146]. - The company has maintained a stable management team with no significant changes in key personnel[170]. - The company is committed to improving its organizational structure and performance assessment systems to achieve strategic goals[133]. - The company has a diverse board with members having extensive backgrounds in technology, finance, and management, enhancing its operational capabilities[161][162]. Financial Management and Internal Controls - The company has established a comprehensive internal control system to manage operational risks effectively, ensuring no significant omissions in its internal control design and execution[195]. - The company's internal control management is supervised by the audit committee and internal audit department, ensuring effective risk management[195]. - The internal control audit report confirmed that the company maintained effective internal controls related to financial reporting as of December 31, 2021[199]. - The company has committed to rectifying any identified deficiencies in internal controls promptly, although none were reported in the latest evaluation[198]. - The company has independent financial management and auditing departments, with a separate accounting system and financial decision-making processes[151]. Profit Distribution and Shareholder Relations - The company reported a total distributable profit of approximately 224.89 million RMB, with no cash dividends distributed during the reporting period[192]. - The company’s board of directors has emphasized the importance of maintaining cash reserves for future operational and project funding needs, leading to the decision not to distribute cash dividends for 2021[193]. - The company’s independent directors have fulfilled their responsibilities and ensured that minority shareholders' rights are adequately protected during the profit distribution process[191]. - The company implemented a profit distribution plan for the 2020 fiscal year, distributing a cash dividend of 7.5 RMB per 10 shares, totaling 60 million RMB (before tax) to shareholders[189]. Employee and Talent Management - The company has implemented a dual-track training mechanism for technical and management talents to enhance overall talent quality[80]. - The management team includes individuals with extensive backgrounds in technology and engineering, contributing to innovation[170]. - The company has a total of 312 employees, with 215 in production, 16 in sales, 40 in technical roles, 6 in finance, and 35 in administration[182]. - The educational background of employees includes 1 with a master's degree, 48 with bachelor's degrees, 70 with associate degrees, and 193 with vocational or lower education[183].

Financial Performance - Revenue for Q3 2021 reached ¥76,896,699.46, an increase of 14.48% year-over-year, and a total of ¥237,834,766.40 for the year-to-date, reflecting a growth of 60.69%[5] - Net profit attributable to shareholders for Q3 2021 was ¥21,827,309.42, up 14.45% compared to the same period last year, with a year-to-date total of ¥70,873,432.95, marking a 65.47% increase[5] - Total operating revenue for Q3 2021 reached ¥237,834,766.40, a significant increase of 60.5% compared to ¥148,005,776.07 in the same period last year[42] - Net profit for Q3 2021 was ¥70,873,432.95, representing a year-on-year growth of 65.5% from ¥42,830,501.88[43] - The total comprehensive income for the period reached ¥70,873,432.95, compared to ¥42,830,501.88 in the previous period, reflecting a significant increase[44] Earnings and Shares - Basic earnings per share for Q3 2021 was ¥0.1436, a decrease of 39.77% year-over-year, while the diluted earnings per share remained the same[5] - Basic and diluted earnings per share improved to ¥0.6328 from ¥0.5354 year-over-year[44] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥772,650,836.51, representing a 4.16% increase from the end of the previous year[5] - Current assets totaled ¥646,029,965.11, an increase of 2.5% from ¥632,023,545.77 at the end of 2020[38] - Total liabilities increased to ¥54,158,443.02, up from ¥34,149,838.49, indicating a growth of 58.7%[40] - The total equity attributable to shareholders reached ¥718,492,393.49, up from ¥707,618,960.54, showing a growth of 1.2%[41] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥61,096,415.83, an increase of 78.96% compared to the same period last year[5] - Cash flow from operating activities generated a net amount of ¥61,096,415.83, up from ¥34,140,256.13 in the same period last year, indicating strong operational performance[47] - Cash inflow from investment activities totaled ¥410,864,717.13, a substantial increase from ¥40,857,928.46 in the previous period[47] - The net cash flow from investment activities was ¥9,158,558.89, recovering from a negative cash flow of -¥48,307,628.04 in the prior year[47] - The company incurred cash outflows for operating activities totaling ¥193,289,181.72, compared to ¥101,285,436.00 in the previous period, indicating increased operational costs[47] Expenses - Sales expenses increased by RMB 2.20 million, a growth of 78.94%, mainly due to increased employee compensation and customs fees[15] - Management expenses increased by RMB 5.06 million, a growth of 82.17%, primarily due to increased employee compensation and office expenses during the reporting period[15] - R&D expenses increased by RMB 2.96 million, a growth of 49.60%, mainly due to increased investment in research and development[15] - The company's research and development expenses for Q3 2021 were ¥8,924,545.94, compared to ¥5,965,446.78 in the previous year, reflecting a 49.5% increase[42] Inventory and Sales - The company reported a significant increase in inventory, which rose by ¥24,726,800, a growth of 76.73%, primarily due to increased orders[12] - Operating profit for Q3 2021 increased by ¥30,516,800, a growth of 61.66%, attributed to stable growth in sales revenue[14] - The company reported a significant increase in sales revenue from goods and services, totaling ¥239,242,930.76, compared to ¥128,118,948.93 in the previous period[45] Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,873[17] - The top shareholder, Zhou Guangrong, holds 43.00% of the shares, totaling 65,360,000 shares[17] - The total number of restricted shares at the end of the reporting period was 96,900,000 shares[20] Government and Community Support - The company donated RMB 200,000 to the Zhengzhou Charity Federation to support flood relief efforts in July 2021[21] - The company also donated RMB 200,000 to the Yangzhou Red Cross to support COVID-19 prevention efforts in late July 2021[22] Market and Operational Challenges - The company has faced a foreign exchange loss of 1.46 million yuan from January to September due to fluctuations in the USD exchange rate, despite a gain of 0.37 million yuan during the reporting period[34] - The company has been impacted by the COVID-19 outbreak in Yangzhou, which led to production disruptions, although the situation is now under control[34] - The company is experiencing pressure from rising raw material prices, particularly for copper and iron, and has implemented price increases to mitigate this impact[34] - The company is at risk of losing its high-tech enterprise status, which could affect its tax benefits, as it is currently applying for re-certification[34] - The company is monitoring potential impacts from power supply constraints, although it has not yet faced significant effects[35] - The company plans to enhance its smart manufacturing systems to mitigate rising labor costs due to the diminishing demographic dividend[35] Other Information - The company signed a land use rights transfer contract for approximately 26,700 square meters of land for production purposes[30] - The company did not undergo an audit for the third quarter report[49]