证券代码：300897 证券简称：山科智能 杭州山科智能科技股份有限公司 投资者关系活动记录表 编号：2023-001 投资者关系 活动类别 特定对象调研 分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 现场参观 其他 参与单位名称 及人员姓名 线上参与山科智能 2022 年网上业绩说明会的投资者 时 间 2023 年 4 月 26 日（周三）15:00-17:00 地 点 全景网"投资者关系互动平台"（https://ir.p5w.net） 上市公司接待 人员姓名 1、董事长：钱炳炯先生； 2、董事兼董事会秘书：王雪洲先生； 3、财务总监：周琴女士； 4、独董董事：鲁爱民女士。 投资者关系活 动主要内容介 绍 网上业绩说明会互动交流内容如下： 1、公司年报中规中距，一季报营收利润双增，希望公司继续保持， 不断增强投资者信心。 答：感谢您对公司的认可，公司成立二十多年，一直保持着稳健发 展；未来公司扎实做好各项经营管理工作，通过持续稳健经营，努力提 高经营业绩增强投资者信心。 2、公司股价一直在跌，公司有什么具体措施吗？ 答：您好！公司股价受宏观经济、所处行业、市场偏好等多种因素 影响。公司注重 ...

Financial Performance - The company's revenue for Q1 2023 was ¥115,874,820.62, representing a 19.54% increase compared to ¥96,932,644.38 in the same period last year[5] - Net profit attributable to shareholders was ¥15,476,486.24, up 27.42% from ¥12,145,648.82 year-on-year[5] - The net profit excluding non-recurring gains and losses increased by 45.62% to ¥14,512,768.81 from ¥9,966,209.87 in the previous year[5] - The basic and diluted earnings per share rose to ¥0.23, a 27.78% increase from ¥0.18 in the same period last year[5] - Total operating revenue for Q1 2023 reached CNY 115,874,820.62, an increase of 19.5% compared to CNY 96,932,644.38 in Q1 2022[19] - Net profit for Q1 2023 was CNY 15,476,486.24, representing a growth of 27.5% from CNY 12,145,648.82 in the same period last year[20] - Earnings per share for Q1 2023 was CNY 0.23, up from CNY 0.18 in Q1 2022, indicating better profitability per share[21] Cash Flow and Liquidity - The net cash flow from operating activities improved by 41.31%, reaching -¥26,668,877.37 compared to -¥45,442,032.77 in the previous year[11] - The company's cash and cash equivalents decreased from ¥160,148,560.85 at the beginning of the year to ¥104,253,404.21 by the end of the reporting period, a decline of approximately 34.9%[16] - The net cash flow from operating activities was -26,668,877.37 CNY, an improvement from -45,442,032.77 CNY in the previous year[24] - Total cash outflow from operating activities amounted to 165,346,418.57 CNY, compared to 169,081,475.14 CNY in the same period last year[24] - The ending balance of cash and cash equivalents was 80,644,976.59 CNY, slightly up from 80,573,250.41 CNY in the previous year[24] Assets and Liabilities - The company's total assets decreased by 3.28% to ¥1,190,874,761.44 from ¥1,231,231,128.67 at the end of the previous year[5] - Accounts receivable decreased slightly from ¥307,240,376.75 to ¥303,497,883.67, a reduction of about 1.2%[17] - Total liabilities decreased to CNY 245,351,219.72 from CNY 301,184,073.19, reflecting improved financial health[20] - The company's total liabilities include accounts payable of ¥108,107,438.63, down from ¥153,497,840.49, a decrease of about 29.5%[17] - The total non-current assets increased from ¥373,895,845.51 to ¥389,305,413.19, an increase of approximately 4.1%[17] - The company has no short-term borrowings as of the end of the reporting period, compared to ¥150,150.00 at the beginning of the year[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,305[13] - The top shareholder, Qian Bingjiong, holds 14.78% of the shares, amounting to 10,053,230 shares[13] - The company reported a total of 4,798,472 shares held by Liu Tao, which represents 7.06% of the total shares[13] - The total number of preferred shareholders with restored voting rights is 0[13] Expenses and Investments - Research and development expenses increased to CNY 10,831,864.66, up from CNY 8,900,140.68, indicating a focus on innovation[20] - Total operating costs increased to CNY 105,604,955.63 from CNY 92,637,845.01, primarily driven by higher sales and management expenses[19] - The company reported a tax expense of CNY 2,407,758.79, compared to CNY 1,724,680.65 in the previous year, reflecting higher profitability[20] - The company paid 32,388,826.54 CNY in employee compensation, an increase from 28,448,794.39 CNY in the previous year[24] - The company reported a total tax payment of 12,311,091.63 CNY, compared to 10,953,098.22 CNY in the same period last year[24] Future Outlook - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[20]

Financial Performance - The company's operating revenue for 2022 was ¥564,150,761.31, representing a 16.55% increase compared to ¥484,032,355.49 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥80,965,313.25, a decrease of 9.81% from ¥89,775,878.50 in 2021[23]. - The net profit after deducting non-recurring gains and losses was ¥70,136,376.12, down 9.39% from ¥77,401,657.09 in 2021[23]. - The net cash flow from operating activities increased significantly by 262.67% to ¥50,742,128.67 from ¥13,991,170.50 in 2021[23]. - The total assets at the end of 2022 were ¥1,231,231,128.67, a 7.64% increase from ¥1,143,860,678.67 at the end of 2021[23]. - The net assets attributable to shareholders increased by 3.72% to ¥930,047,055.48 at the end of 2022 from ¥896,681,742.23 at the end of 2021[23]. - The basic earnings per share for 2022 was ¥1.19, down 9.85% from ¥1.32 in 2021[23]. - The weighted average return on equity for 2022 was 8.90%, a decrease of 1.43% from 10.33% in 2021[23]. - The company's total revenue for the reporting period was 10,828,937.13 yuan, a decrease from 12,374,221.41 yuan in the previous year, representing a decline of approximately 12.5%[30]. - The company achieved total operating revenue of 564.15 million yuan, a year-on-year increase of 16.55%[83]. - The net profit attributable to shareholders was 80.97 million yuan, a year-on-year decrease of 9.81%[83]. Market and Industry Trends - The water supply industry is experiencing significant growth driven by policies such as the "Water Ten Measures" and the "14th Five-Year Plan" for the water meter industry, which provide substantial market opportunities for smart water meters[33]. - The demand for smart water meters is projected to increase significantly, with a notable rise in the shipment of wireless smart water meter terminals during the 13th Five-Year Plan period[34]. - By 2025, the goal is to control the urban public water supply network leakage rate to below 9%, addressing the current average leakage rate of 14.12%[39][40]. - The company is positioned to benefit from the digital transformation and smart upgrades in urban water supply systems, which are part of national strategies for urbanization[41]. - The integration of IoT, big data, and cloud computing technologies in the water industry is expected to enhance operational efficiency and safety in water supply systems[42]. - The national water investment is expected to maintain a high annual growth rate, providing significant market opportunities for the smart water industry[45]. Product Development and Innovation - The company has developed a comprehensive product system including smart remote water meters, intelligent water supply network products, and integrated software solutions[50]. - The smart remote water meters improve collection efficiency and reduce costs, addressing long-standing challenges in water utility meter reading[51]. - The company aims to support the national "Water Ten Measures" and "Smart City" initiatives, ensuring sustainable development and energy conservation[48]. - The smart water management platform integrates data collection, model calculation, and big data analysis to enhance decision-making and operational safety[61]. - The company is focusing on developing advanced products such as large-caliber ultrasonic flow measurement systems and smart water management systems[76]. - The company is developing a 4G-based IoT smart water meter system, which aims to enhance data transmission capabilities and meet urban-rural integration needs[108]. - The company plans to expand its product line with innovative products, including a low-power, long-life smart water meter with a lifespan of up to 10 years[108]. Research and Development - The company invests significantly in R&D, with a focus on technological innovation to maintain product competitiveness and meet diverse application needs in the water industry[75]. - Research and development expenses increased by 22.81% to ¥46,751,964.69 in 2022, up from ¥38,069,076.25 in 2021[107]. - The number of R&D personnel increased by 7.43% to 188, with a notable rise in the proportion of bachelor's degree holders[110]. - The company has established a technology research and development center to support its innovation efforts[130]. - The company is committed to attracting high-quality talent, particularly in sales and R&D, to support its strategic goals and enhance overall performance[153]. Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management, ensuring accountability[5]. - The company’s annual report is publicly disclosed on the Shenzhen Stock Exchange and various financial media platforms, ensuring transparency[22]. - The company strictly adheres to legal regulations and internal management systems for information disclosure, ensuring timely and fair communication with investors[171]. - The company emphasizes investor relations management, continuously improving its governance structure and internal control systems to enhance operational standards[172]. - The company maintains complete independence from its controlling shareholders in terms of business operations, personnel, assets, finance, and institutions[173]. Strategic Outlook - The company aims to enhance its market presence through the development of smart water meters and related technologies, leveraging NB-IoT and LoRa technologies for better connectivity[17]. - The company’s future outlook includes expanding its product offerings and enhancing its technological capabilities to meet the evolving needs of water utilities[46]. - The company plans to launch the V2.0 version of its smart water meter data cloud platform in 2022, enhancing user interaction and data analysis capabilities[109]. - The company plans to expand its marketing network, aiming to establish sales service offices in over 90% of provinces in China to enhance service capabilities and customer satisfaction[145]. - The company will continue to improve its internal management through refined processes in production, procurement, R&D, quality, and operations to enhance efficiency and reduce costs[149]. Challenges and Risks - The company faces significant technology and innovation risks due to rapid advancements in smart water meter technology, necessitating continuous investment in R&D to maintain competitiveness[154]. - The company is experiencing a talent shortage in the technology-intensive industry, which poses risks to future innovation and development; efforts are being made to enhance talent acquisition and retention strategies[156]. - Fluctuations in raw material costs, particularly for integrated circuits and electronic components, could impact gross margins; the company is focusing on optimizing its supply chain to manage these risks[159]. - The company has a significant inventory primarily composed of raw materials and goods in transit, which could affect future sales if not managed properly[161].

证券代码：300897 证券简称：山科智能 编号：2020-001 杭州山科智能科技股份有限公司 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 | | 活动类别 | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | R 其他 | | 参与单位名称及 | | 天风证券 研究所环保与公用事业高级分析师 杨阳 | | 人员姓名 | | | | 时 间 | 2020 年 11 月 | 24 日 | | 地 点 | 杭州市余杭区文一西路 议室 | 1218 号恒生科技园 13 幢 3 单元公司大会 | | 上市公司接待 人员姓名 | | 董秘 王雪洲； 证券事务代表 姚妙女； | | 投资者关系活动 | 1 | 、简单介绍一下公司情况： | | 主要内容介绍 | ...

编号：2021-002 1 证券代码：300897 证券简称：山科智能 杭州山科智能科技股份有限公司 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 | 业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | 其他 | | | 横华国际证券业务总监 张颖飞；郑浙同创投资总经理 姚灵锋； | | 参与单位名称 | 闻英；老虎证券 董轶鑫；投研会 陈超； | | 及人员姓名 | 杭州上研科领私募基金 陆松新、邹俊、马颖棋； | | | 马海华、徐达、付鹏、李剑。 | | 时 间 2021 | 2 日 10:00-12:00 | | 地 点 | 山科智慧园区（浙江省杭州市余杭区瓶窑镇蒿山路 47 号） | | | | | 上市公司接待 | 、董事长：钱炳炯先生； 、董事兼董事会秘书：王雪洲先生； | | 人员姓名 | 、财务总监：周琴女士； 、证券事务代表：姚妙女。 | ...

编号：2022-002 证券代码：300897 证券简称：山科智能 杭州山科智能科技股份有限公司 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 | | 活动类别 | □新闻发布会 □路演活动 | | | | 现场参观 | 其他 | | 参与单位名称 及人员姓名 | | 光大证券资产管理有限公司研究部 曾炳祥 | | 时 间 | 2022 年 8 月 31 日 | 14:00-15:00 | | | 地 点 杭州市滨江区西兴街道启智街 | 89 号山科智能大厦会议室 | | 上市公司接待 人员姓名 | | 董事会秘书：王雪洲；证券事务代表：姚妙女。 | | | 交流内容如下： | | | | 1 | 、水表市场的格局？行业规模及增速都不小， ...

Financial Performance - The company's revenue for Q3 2022 reached ¥163,630,780.30, representing a year-on-year increase of 27.56%[5] - Net profit attributable to shareholders for the same period was ¥23,048,028.47, up by 3.62% compared to the previous year[5] - The basic earnings per share for Q3 2022 was ¥0.34, reflecting a 3.03% increase year-on-year[5] - Total operating revenue for the third quarter reached CNY 389,409,142.67, an increase of 24.0% compared to CNY 314,065,088.20 in the same period last year[23] - Net profit for the period was CNY 54,188,157.13, representing a 8.5% increase from CNY 49,773,418.66 in the previous year[24] - Basic and diluted earnings per share were both CNY 0.8, compared to CNY 0.73 in the same quarter last year[25] - The total comprehensive income for the period was CNY 54,188,157.13, compared to CNY 49,773,418.66 in the same quarter last year[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,174,664,698.15, which is a 2.69% increase from the end of the previous year[5] - Current assets totaled CNY 825,738,285.70, down from CNY 864,707,272.15 at the start of the year, indicating a decrease of approximately 4.5%[20] - Total liabilities were CNY 271,394,798.79, up from CNY 247,178,936.44, indicating an increase of approximately 9.8%[21] - Non-current assets totaled CNY 348,926,412.45, an increase from CNY 279,153,406.52 at the beginning of the year, representing a growth of about 25.0%[21] - The company's equity attributable to shareholders was ¥903,269,899.36, a slight increase of 0.73% from the previous year[5] - The total equity attributable to shareholders reached CNY 903,269,899.36, slightly up from CNY 896,681,742.23 year-over-year[22] Cash Flow - The net cash flow from operating activities showed a negative value of -¥18,896,723.08, indicating a decline of 63.19% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 18,896,723.08, an improvement from a net outflow of CNY 51,338,355.87 in the previous year[26] - The net cash flow from investment activities was ¥88,767,328.36, a significant improvement compared to the previous quarter's negative cash flow of -¥142,278,777.01[27] - The net cash flow from financing activities was -¥9,568,625.82, an improvement from -¥25,991,951.51 in the previous quarter[27] Investment and Income - Non-recurring gains and losses for Q3 2022 totaled ¥1,836,743.47, down from ¥7,106,159.89 in the previous year[8] - The company received government subsidies amounting to ¥651,800.00 during the reporting period, contributing to its financial performance[6] - The company reported investment income of CNY 3,386,245.91, an increase from CNY 2,840,533.54 in the previous year[24] - Other income rose by 44.63% to ¥16,891,318.74, mainly from increased software tax refunds[11] Operational Metrics - The company's revenue from operating costs rose by 35.13% to ¥230,164,842.79, driven by increased product costs[11] - Operating costs amounted to CNY 339,509,853.05, up 28.0% from CNY 265,288,165.32 year-over-year[23] - Research and development expenses increased to CNY 32,741,652.85, up from CNY 25,468,417.09, reflecting a focus on innovation[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,498, with the largest shareholder holding 14.78%[14] Other Information - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[19] - The third quarter report was not audited[28]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥225,778,362.37, representing a 21.53% increase compared to ¥185,787,116.96 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2022 was ¥31,140,128.66, up 13.11% from ¥27,529,896.11 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was ¥25,870,712.24, reflecting a 17.27% increase from ¥22,060,872.22 in the same period last year[25]. - The basic earnings per share for the first half of 2022 was ¥0.46, a 15.00% increase from ¥0.40 in the previous year[25]. - The total assets at the end of the reporting period were ¥1,123,285,172.80, a decrease of 1.80% from ¥1,143,860,678.67 at the end of the previous year[25]. - The net assets attributable to shareholders decreased by 1.84% to ¥880,221,870.89 from ¥896,681,742.23 at the end of the previous year[25]. - The net cash flow from operating activities was negative at -¥49,606,637.54, compared to -¥42,729,085.00 in the same period last year, indicating a decline of 16.10%[25]. - The weighted average return on net assets was 3.44%, an increase of 0.22% from 3.22% in the previous year[25]. - The gross profit margin decreased by 3.54% compared to the previous year, now standing at 41.24%[89]. - The company's cash and cash equivalents decreased by 2.69%, totaling ¥90,994,531.6, which is 8.10% of total assets[93]. Market and Industry Insights - The company operates in the smart water management sector, focusing on smart water meters and related technologies, benefiting from favorable policies and market demand[34]. - The smart water meter market is expected to grow significantly, driven by policies promoting smart metering and urban water management[35]. - The average leakage rate of public water supply networks in major Chinese cities was reported at 14.12%, highlighting the need for improved water management solutions[40]. - The company is positioned to capitalize on the increasing demand for smart water solutions due to the "14th Five-Year Plan" and related initiatives[36]. - The smart water industry market size in China was 6.56 billion CNY in 2014 and is projected to reach 23.72 billion CNY by 2026, indicating a significant growth potential[43]. - National policies promoting water conservation and infrastructure upgrades are creating significant market opportunities for the company's products[73]. Product and Technology Development - The company has developed a range of products including real-time monitoring systems and leak detection technologies, which are essential for modern water management[34]. - The company focuses on smart water solutions, integrating IoT technology, big data analysis, and control technology to enhance operational efficiency and reduce water loss[47]. - The company offers a range of smart water products, including smart remote water meters and intelligent pipeline monitoring systems, aimed at improving water management and reducing operational costs[48]. - The real-time monitoring and scheduling system for water supply instruments helps detect issues like water theft and ensures timely alerts for abnormal conditions[52]. - The water supply pipeline leakage detection system utilizes NB-IoT technology to analyze leakage conditions and provide early warnings, enhancing leak management efficiency[54]. - The smart water management platform integrates data collection, model calculation, and big data analysis to enhance decision-making and operational control for water utilities[59]. - The company aims to lead the smart water sector by providing comprehensive solutions that ensure water supply safety and reduce operational losses[45]. - The company has made significant advancements in technology, including breakthroughs in image recognition-based metering technologies and the mass production of small-diameter ultrasonic smart water meters[77]. Financial Management and Investment - The company has established a comprehensive after-sales service system that meets the national five-star service evaluation standards[83]. - The company has a diverse product structure, including various types of smart water meters, which cater to multi-level and multi-faceted customer needs[78]. - The company has achieved ISO9001 quality management system certification, ensuring product quality consistency and traceability[79]. - The company has established business relationships with over 700 water utility companies, enhancing its market presence[84]. - The company’s revenue model relies on product sales and services, emphasizing the development of smart metering sensors and water data analysis software to provide comprehensive solutions for water utilities[65]. - The company has established service points in key customer regions to offer installation guidance, system debugging, and maintenance services, ensuring high-quality after-sales support[66]. - The company has not reported any discrepancies between international and Chinese accounting standards for the reporting period[26]. Risks and Challenges - The management highlighted potential risks and countermeasures in the report, emphasizing the importance of risk awareness for investors[3]. - The company faces risks related to a large scale of accounts receivable, which could impact cash flow and business expansion if not managed properly[119]. - The company aims to enhance its talent acquisition strategy to mitigate risks associated with talent shortages in the technology-intensive industry[118]. - The average procurement prices of key raw materials are stable, but any significant price increases could lead to a decline in gross margins[122]. - The company has implemented measures to manage inventory risks, including regular checks and confirmations of goods sent to clients[123]. Governance and Compliance - The company emphasizes the protection of shareholder and investor rights through a well-structured governance framework and transparent information disclosure[139]. - The company has established a multi-channel investor communication mechanism to enhance understanding and recognition among investors[140]. - The company has implemented a competitive salary structure and ensured compliance with labor laws to protect employee rights[142]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[134]. - The company adheres to national environmental protection laws and has not violated any related regulations during the reporting period[135]. Shareholder Information - The total number of shareholders at the end of the reporting period is 9,198[181]. - The largest shareholder, Qian Bingjiong, holds 10,053,230 shares, representing 14.78% of total shares[181]. - The second-largest shareholder, Cen Tengyun, holds 7,737,429 shares, representing 11.38% of total shares[181]. - The total number of restricted shares at the beginning of the period was 48,302,585, with 80,495 shares released during the period[180]. - The total number of restricted shares at the end of the period is 48,223,290[180]. - The company has a commitment from Liu Tao not to reduce holdings, with 4,798,472 shares locked up[180]. - The company plans to release restricted shares for several shareholders on September 28, 2023[179]. Future Outlook - The company has set a future revenue guidance of 4,351.8 million RMB for the upcoming period, indicating an expected growth trajectory[183]. - The company is exploring market expansion opportunities, particularly in the domestic market, to enhance its competitive positioning[183]. - The company emphasizes the importance of technological innovation and plans to continuously invest in new technologies and products to meet market demands[117].

Financial Performance - The company's operating revenue for Q1 2022 was ¥96,932,644.38, representing a 42.35% increase compared to ¥68,096,792.21 in the same period last year[4] - The net profit attributable to shareholders was ¥12,145,648.82, up 40.45% from ¥8,647,424.95 year-on-year[4] - Basic and diluted earnings per share increased by 38.46% to ¥0.18 from ¥0.13[4] - Total operating revenue for Q1 2022 was CNY 96,932,644.38, an increase of 42.3% compared to CNY 68,096,792.21 in Q1 2021[16] - Net profit for Q1 2022 reached CNY 12,145,648.82, representing a 40.5% increase from CNY 8,647,424.95 in Q1 2021[18] Cash Flow - The net cash flow from operating activities improved to -¥45,442,032.77, a 15.33% reduction in loss compared to -¥53,671,726.53 in the previous year[4] - Cash inflow from operating activities was CNY 123,639,442.37, an increase from CNY 84,385,851.39 in the previous year[20] - Cash outflow from operating activities totaled CNY 169,081,475.14, compared to CNY 138,057,577.92 in Q1 2021[20] - The net cash flow from investment activities was 13,728,043.90 CNY, a significant improvement compared to the negative 151,581,905.57 CNY in the same period last year[21] - Cash inflow from financing activities totaled 8,346,027.30 CNY, compared to 3,105,852.96 CNY in the previous year[21] - The net cash flow from financing activities was 1,363,018.63 CNY, recovering from a negative 144,700.69 CNY in the same quarter last year[21] Assets and Liabilities - Total assets decreased by 3.87% to ¥1,099,563,539.87 from ¥1,143,860,678.67 at the end of the previous year[4] - Total current assets decreased from 864,707,272.15 CNY at the beginning of the year to 788,034,281.71 CNY[12] - Cash and cash equivalents decreased from 123,456,789.23 CNY to 94,258,053.92 CNY[12] - Total non-current assets increased from 279,153,406.52 CNY to 311,529,258.16 CNY[13] - The total liabilities decreased to CNY 190,736,148.82 from CNY 247,178,936.44 year-over-year[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,503[10] - The largest shareholder, Qian Bingjiong, holds 14.78% of shares, totaling 10,053,230 shares[10] - The company has no preferred shareholders as per the report[11] Other Financial Metrics - The company reported a significant increase in prepayments by 91.90%, reaching ¥4,365,075.15 compared to ¥2,274,666.27[8] - Investment income increased by 36.87% to ¥1,128,709.48, driven by higher financial management returns[8] - The company received government subsidies amounting to ¥6,196,572.35, primarily from VAT refunds[7] - Research and development expenses for Q1 2022 were CNY 8,900,140.68, up from CNY 7,333,802.53 in Q1 2021[17] - The company did not report any new product or technology developments in this quarter[11] Audit Status - The first quarter report was not audited[22]

Financial Performance - The company's operating revenue for 2021 was ¥484,032,355.49, representing a 27.11% increase compared to ¥380,783,301.39 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥89,775,878.50, up 28.56% from ¥69,829,231.29 in 2020[22]. - The total assets at the end of 2021 were ¥1,143,860,678.67, a 10.89% increase from ¥1,031,533,557.27 at the end of 2020[22]. - The net assets attributable to shareholders increased by 5.78% to ¥896,681,742.23 at the end of 2021 from ¥847,705,863.73 at the end of 2020[22]. - The basic earnings per share for 2021 was ¥1.32, a 4.76% increase from ¥1.26 in 2020[22]. - The company's revenue model relies primarily on product sales and services, focusing on smart metering solutions to address inefficiencies in traditional water meter reading[63]. - The company achieved total operating revenue of 484.03 million yuan, a year-on-year increase of 27.11%[84]. - The net profit attributable to shareholders was 89.78 million yuan, reflecting a growth of 28.56% compared to the previous year[84]. - Revenue from smart water meters and measurement sensors accounted for ¥401,733,905.65, which is 83.00% of total revenue, showing a growth of 25.53% year-on-year[102]. - The gross profit margin for the smart instrument and meter industry was 45.13%, a decrease of 1.83% compared to the previous year[105]. Market Position and Strategy - The company aims to expand its market presence through innovative product development and strategic partnerships in the water management sector[15]. - The company has identified opportunities in the water industry due to supportive policies such as "Water Ten Measures" and "Smart City" initiatives[32]. - The smart water meter market in China is expected to see significant growth, driven by the "14th Five-Year Plan" and advancements in sensor and communication technologies, with a projected increase in demand during the 2021-2025 period[33]. - The company aims to lead the smart water supply sector, leveraging its extensive patents and proprietary technologies to enhance service quality and operational efficiency[42]. - The company plans to expand its market presence and develop new technologies in the upcoming year[138]. - The company plans to expand its marketing network to cover over 90% of provinces in China, ensuring a 24-hour service response mechanism[157]. - The company plans to enhance internal management across production, procurement, R&D, quality, and operations to improve efficiency and reduce costs[160]. Research and Development - The company has invested heavily in R&D, with a focus on innovative technologies, resulting in 49 patents, including 9 invention patents and 18 utility model patents[74]. - Research and development expenses increased by 53.31% to ¥38,069,076.25, driven by the expansion of R&D projects and personnel[113]. - The company has completed the R&D of an unmanned pump station control system, which is expected to enhance its product offerings and market competitiveness[114]. - The company has developed a new intelligent water management system that includes real-time monitoring of flow, pressure, and water quality, enhancing operational efficiency[115]. - The company has initiated a strategic acquisition of a local tech firm, expected to close in Q3 2022, which will enhance its product offerings[199]. Product Development and Innovation - The company has established a comprehensive product system focusing on smart remote water meters, metering sensors, and smart water management software, addressing the internal needs of water service enterprises[41]. - The company has successfully launched projects such as the "Smart Water Home" management system, showcasing its capabilities in smart sensor technology and software solutions[41]. - The company has successfully launched a new series of smart water meters utilizing NB-IoT technology, which will be marketed in the second half of 2021[116]. - The production of large-caliber ultrasonic water meters has been completed, with a focus on meeting high-end market demands[115]. - The company has completed the design and development of a cloud platform for smart water meter data management, enhancing data analysis capabilities[116]. Corporate Governance and Investor Relations - The company emphasizes investor relations management, adhering to its established investor relations management system[183]. - The company has established a sound corporate governance structure, aligning with the requirements of relevant laws and regulations[176]. - The company ensures timely and accurate information disclosure, with designated channels for investor communication[182]. - The company has a dedicated financial department with an independent accounting system and does not share bank accounts with controlling shareholders[190]. - The company has implemented a transparent and standardized process for the selection of directors, ensuring compliance with legal requirements[178]. Operational Efficiency and Challenges - The company has maintained steady development for over 20 years, focusing on "smart water management" and leading in smart water meter measurement and pipeline detection technology[44]. - The company is facing delays in project implementation due to complex geological conditions and the impact of COVID-19 on labor availability[143]. - The company has a significant amount of accounts receivable, which poses management challenges and potential risks for cash flow, but the quality of these receivables is generally good[167]. - The company is exposed to fluctuations in raw material costs, particularly for integrated circuits and electronic components, which could impact profit margins if prices rise significantly[170]. Future Outlook - The management provided guidance for 2022, projecting a revenue growth of 10% to 15%[198]. - The company aims to become a leading provider of smart water solutions, focusing on water production, supply, and wastewater management to expand its market share in the smart water sector[159]. - In 2022, the company will establish a smart water conservancy division to enhance its smart water business, including flood management and water resource allocation[158]. - Over the next three to five years, the company plans to enhance product reliability and stability while optimizing product structure and increasing production capacity[152].