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].

Financial Performance - The company's revenue for Q3 2021 reached ¥128,277,971.24, representing a year-over-year increase of 29.46%[3] - Net profit attributable to shareholders was ¥22,243,522.55, up 36.74% compared to the same period last year[3] - The net profit excluding non-recurring gains and losses was ¥20,445,121.81, reflecting a 26.79% increase year-over-year[3] - The company's basic earnings per share for the period was ¥0.33, a 3.13% increase compared to the same period last year[3] - Total operating revenue for the third quarter reached ¥314,065,088.20, an increase of 39% compared to ¥226,108,357.72 in the same period last year[23] - The net profit for Q3 2021 was CNY 49,773,418.66, an increase of 39.1% compared to CNY 35,792,465.49 in the same period last year[24] - Operating profit for Q3 2021 reached CNY 56,311,115.22, up from CNY 42,955,060.40, reflecting a growth of 31.0% year-over-year[24] - Total revenue from sales of goods and services was CNY 293,646,184.69, compared to CNY 193,236,339.20 in the previous year, indicating a growth of 52.0%[27] - The total comprehensive income for the period was CNY 49,773,418.66, up from CNY 35,792,465.49, reflecting a growth of 39.1%[25] Cash Flow and Investments - Cash flow from operating activities showed a negative net amount of ¥51,338,355.87, down 59.85% year-to-date[3] - The net cash flow from operating activities for the current period was -51,338,355.87 RMB, a decrease of 59.85% compared to the previous period due to increased payments for goods[12] - The net cash flow from investing activities was -142,278,777.01 RMB, representing a 256.34% increase year-over-year, primarily due to increased investments in infrastructure and fixed assets[12] - The net cash flow from financing activities was -25,991,951.51 RMB, a significant decrease of 104.54% compared to the previous period, mainly due to increased dividends paid to shareholders[12] - The company reported a cash and cash equivalents balance of CNY 64,372,534.77 at the end of the quarter, down from CNY 573,835,640.61 at the end of the previous year[29] - The company incurred financial expenses of CNY -379,906.12, a significant improvement from CNY 679,239.53 in the previous year[24] - Investment activities resulted in a net cash outflow of CNY -142,278,777.01, compared to CNY -39,928,273.25 in the same quarter last year[28] Assets and Shareholder Information - Total assets at the end of the reporting period amounted to ¥1,046,128,861.75, a 1.41% increase from the end of the previous year[3] - The total assets of the company reached ¥1,046,128,861.75, a slight increase from ¥1,031,533,557.27[21] - The total number of ordinary shareholders at the end of the reporting period was 10,473[11] - The top ten shareholders held a combined 64.92% of the company's shares, with the largest shareholder, Qian Bingjiong, owning 14.78%[11] - A total of 3,436,224 shares, accounting for 5.0533% of the total share capital, were released from restrictions on September 28, 2021[16] - The company has commitments from certain shareholders not to reduce their holdings for a specified period, reflecting confidence in the company's long-term value[15] Operational Expenses and R&D - Total operating costs amounted to ¥265,288,165.32, up from ¥181,920,319.21, reflecting a significant increase in operational expenses[23] - Research and development expenses increased by 78.81% to ¥25,468,417.09, attributed to a rise in R&D personnel[8] - Research and development expenses increased to CNY 25,468,417.09, compared to CNY 14,243,080.09 in the previous year, marking a rise of 78.6%[24] Non-Operating Income and Expenses - The company experienced a 4035.73% increase in non-operating income, primarily due to government subsidies received[8] - The company reported a significant increase in non-operating expenses, which rose by 253.06% due to increased donations during the reporting period[12] Strategic Initiatives - The company has launched the "Smart Water Home" management system in Yiwu, enhancing digital water supply management[17] - The company is focusing on key technologies such as IoT and data integration to advance its smart water management initiatives[17] Debt and Financing - Short-term borrowings increased significantly to ¥23,553,276.60 from ¥3,053,012.05, indicating a rise in debt financing[20] - The company has seen a substantial increase in cash outflows related to investments, indicating a focus on growth and expansion[12] - The company’s cash flow management reflects a strategic approach to funding operations and investments, with a notable shift in financing activities[12]

Financial Performance - The company's operating revenue for the reporting period was ¥185,787,116.96, representing a 46.26% increase compared to ¥127,023,660.45 in the same period last year[21]. - The net profit attributable to shareholders was ¥27,529,896.11, up 41.00% from ¥19,525,142.95 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥22,060,872.23, reflecting a 15.98% increase from ¥19,021,031.65 in the previous year[21]. - The basic and diluted earnings per share increased by 5.26% to ¥0.40 from ¥0.38[21]. - The company's total assets at the end of the reporting period were ¥1,034,035,438.43, a slight increase of 0.24% from ¥1,031,533,557.27 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 1.57% to ¥834,435,759.84 from ¥847,705,863.73 at the end of the previous year[21]. - The company's gross profit margin for the smart instrument and meter industry was 44.77%, down from 63.36% year-over-year[64]. - The company's total profit for the first half of 2021 was ¥31,344,623.83, compared to ¥22,785,297.37 in the first half of 2020, indicating a growth of approximately 37%[184]. Investment and Funding - The total amount of raised funds is CNY 508.71 million, with CNY 15.81 million invested during the reporting period[79]. - Cumulative investment of raised funds reached CNY 170.77 million as of June 30, 2021[79]. - The remaining balance of raised funds, including interest income after deducting bank fees, is CNY 347.78 million[79]. - The company has not changed the purpose of raised funds, with a change ratio of 0.00%[79]. - The company has received regulatory approval for its fundraising activities, ensuring compliance with relevant regulations[79]. - The company has not reported any significant changes in the expected benefits from the investment projects[81]. - The report indicates that the company is committed to transparency regarding the use of raised funds[80]. Research and Development - The company has invested heavily in R&D, focusing on technologies such as image recognition and wireless transmission, which are at the forefront of the industry[53]. - Research and development expenses increased by 74.60% to ¥16,202,331.19, driven by an increase in R&D personnel[62]. - The company is considering potential acquisitions to bolster its technology capabilities, with a budget of up to 500 million CNY allocated for this purpose[123]. - Research and development investments are set to increase by 15% in 2021, focusing on innovative technologies to enhance product offerings and operational efficiency[123]. Market Strategy and Product Development - The company focuses on smart water meters and integrated solutions for the water industry, aiming to enhance operational efficiency[12]. - The company aims to become a leading provider of comprehensive smart water service solutions in China[31]. - The smart water platform integrates cloud computing, big data, GIS, and IoT technologies to manage water pressure, volume, quality, energy consumption, and operational status in real-time, enhancing decision-making support[38]. - New product launches are expected to contribute an additional 200 million CNY in revenue by the end of 2021, with a focus on enhancing product features and user experience[123]. - The company is expanding its market presence, targeting an increase in market share by 10% in key regions through strategic partnerships and marketing initiatives[123]. Corporate Governance and Transparency - The financial report is guaranteed to be true, accurate, and complete by the company's responsible persons[3]. - The report includes a commitment to transparency in information disclosure and the availability of documents for public review[19]. - The company has established a transparent information disclosure system to ensure investors receive accurate and timely information[113]. - The company has implemented a multi-channel investor communication mechanism to enhance engagement with shareholders[114]. - The company emphasizes a governance structure that ensures clear responsibilities and checks and balances among the board of directors, supervisory board, and management[109]. Shareholder Commitments and Dividends - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[5]. - The company plans to distribute profits at least once a year, with a minimum cash dividend of 20% of the distributable profits if no significant capital expenditures are planned in the next 12 months[124]. - The company will ensure that cash dividends are distributed within two months after the annual shareholders' meeting approval[124]. - The company has committed to maintaining a stable dividend policy, with plans to distribute 30% of its net profits as dividends to shareholders annually[123]. Operational Challenges and Risks - The management team emphasizes the importance of risk awareness regarding future operational challenges[4]. - The company faces risks related to large accounts receivable, which could impact cash flow and operational expansion, but has implemented measures to enhance receivables management[97]. - The company is exposed to raw material cost fluctuations, particularly in integrated circuits and electronic components, which could affect gross margins[98]. - The company has implemented a safety stock system to ensure production capacity remains at normal levels, based on sales trends and market demand[43]. Social Responsibility and Community Engagement - The company actively engages in social responsibility initiatives, including a donation of 46,000 RMB to assist employees facing significant medical expenses[117]. - The company promotes environmental protection through initiatives like weekly community clean-up activities[115]. - The company has committed to supporting local communities by providing material and financial assistance to families in need[117].

证券代码：300897 证券简称：山科智能 公告编号：2021-026 杭州山科智能科技股份有限公司 关于举行2020年度网上业绩说明会暨参加浙江辖区上市 公司投资者网上集体接待日活动的公告 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。 杭州山科智能科技股份有限公司（以下简称"公司"）2020年年度报告已于 2021年4月23日披露，为进一步加强公司与投资者的沟通交流，公司将于2021年5月 13日（星期四）在"全景·路演天下"网站（http://rs.p5w.net）举办2020年度业 绩说明会。本次业绩说明会将采用网络方式进行，投资者可以登录"全景·路演天 下"网站参与交流。 网上业绩说明会时间为2021年5月13日（星期四）下午15:00至17:00。 本次年度业绩说明会出席人员：公司董事长钱炳炯先生、副总经理兼董事会秘 书王雪洲先生、财务总监周琴女士。（如遇特殊情况，参与人员会有调整） 为充分尊重投资者、提升交流的针对性，现就公司2020年度业绩说明会提前向 投资者公开征集问题。投资者可于2021年5月12日18:00前将相关问题通过电子邮件 的形式发 ...

Dividend Distribution - The company plans to distribute a cash dividend of 6 RMB per 10 shares to all shareholders, based on a total of 68,000,000 shares [4]. - The total cash dividend proposed for 2020 is RMB 40,800,000, which corresponds to a distribution of RMB 6 per 10 shares, based on a total share capital of 68,000,000 shares [141]. - The cash dividend for 2019 was RMB 15,300,000, distributed at RMB 3 per 10 shares, based on a total share capital of 51,000,000 shares [146]. - The company aims to maintain a consistent cash dividend policy, planning to distribute 40% of its net profits to shareholders annually [152]. - The company plans to distribute at least 20% of its distributable profits as cash dividends annually, provided there are no significant capital expenditure arrangements in the next 12 months [154]. - In mature development stages without major capital expenditures, the cash dividend proportion should be at least 80% of the profit distribution [154]. - Cash dividends will be prioritized over stock dividends if conditions are met [154]. - The company must have positive distributable profits and an unqualified audit report to distribute cash dividends [154]. Financial Performance - The company's operating revenue for 2020 was CNY 380,783,301.39, an increase of 18.69% compared to CNY 320,828,265.84 in 2019 [16]. - The net profit attributable to shareholders for 2020 was CNY 69,829,231.29, reflecting a growth of 7.34% from CNY 65,052,692.94 in 2019 [16]. - The total assets at the end of 2020 reached CNY 1,031,533,557.27, a significant increase of 144.50% from CNY 421,890,752.81 at the end of 2019 [16]. - The net assets attributable to shareholders increased by 198.00% to CNY 847,705,863.73 at the end of 2020, compared to CNY 284,469,026.63 at the end of 2019 [16]. - The basic earnings per share for 2020 was CNY 1.26, a slight decrease of 1.56% from CNY 1.28 in 2019 [16]. - The weighted average return on equity for 2020 was 16.05%, down from 25.39% in 2019, indicating a decline of 9.34% [16]. - The company reported quarterly revenues of CNY 49,487,269.54, CNY 77,536,390.91, CNY 99,084,697.27, and CNY 154,674,943.67 for Q1, Q2, Q3, and Q4 respectively in 2020 [18]. - The net profit attributable to shareholders for Q4 2020 was CNY 34,036,765.80, which was the highest quarterly profit for the year [18]. - The company achieved total revenue of 380.78 million yuan in 2020, an increase of 18.69% year-on-year [40]. - The net profit attributable to shareholders was 69.83 million yuan, reflecting a growth of 7.34% compared to the previous year [40]. Research and Development - The company is focusing on building a first-class technology R&D center to optimize product structure and enhance overall R&D capabilities [47]. - The company’s R&D expenses reached CNY 24,831,654.66 in 2020, a 31.15% increase compared to CNY 18,934,423.57 in 2019, accounting for 6.52% of total revenue [65][67]. - The number of R&D personnel increased to 105 in 2020, accounting for 22.29% of the total workforce, up from 17.21% in 2019 [68]. - The company added 7 new patents in 2020, including 2 invention patents and 2 utility model patents [41]. - The company is currently developing several projects, including a small-caliber ultrasonic smart water meter and an unmanned pump room management system, with significant progress reported [67]. - The company plans to enhance its research and development capabilities in areas such as IoT-based smart water meters and ultrasonic water meters, aligning with industry trends [105]. - The company will strengthen R&D investments and integrate resources to enhance innovation capabilities and meet rapid technological advancements in smart metering products [124]. Market and Industry Trends - The domestic demand for smart water meters is expected to remain strong due to the "one household, one meter" policy and mandatory six-year inspections [95]. - The smart water meter industry is experiencing a shift towards higher accuracy and reliability, with advancements in data collection technology [99]. - The smart water meter market in China is expected to grow significantly due to the implementation of tiered water pricing and the one-meter-per-household policy, with over 300 million water meters currently in use [107][108]. - The smart water service market is projected to grow at a compound annual growth rate of 25% from 2020 to 2025, indicating a robust market opportunity [112]. - The company anticipates that the production capacity will reach approximately 2 million sets of smart water meter sensors and collection systems two years after the investment projects are completed [116]. Operational Efficiency - The company is committed to improving operational efficiency and reducing water loss rates in water supply networks through innovative solutions [8]. - The company focuses on integrating smart technology with traditional equipment to enhance operational efficiency in water supply management [43]. - The smart water supply platform integrates cloud computing, big data, and IoT technologies for real-time monitoring and management of water supply systems [37]. - The company has implemented an expense reimbursement system to enhance cost control and improve employee efficiency [46]. - The company aims to optimize product structure and increase production equipment investment to improve reliability and stability of products [116]. Governance and Compliance - The company has established a comprehensive governance structure to ensure effective management and compliance [10]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management [3]. - The company has committed to social responsibility, focusing on environmental protection and sustainable development [191]. - The company has established a clear and balanced corporate governance structure, including a shareholders' meeting, board of directors, supervisory board, and general manager, to protect shareholder rights [192]. - The company strictly adheres to legal regulations for the operation of shareholders' meetings, ensuring equal participation and voting rights for all shareholders, especially minority shareholders [193]. Risk Management - The company emphasizes the importance of risk awareness regarding future strategic developments and projections [4]. - The report includes a section on the company's future development outlook, detailing potential risks and countermeasures [4]. - The company recognizes the risk of technological innovation and talent shortages in the industry and plans to continuously invest in new technologies and attract skilled personnel [129][130]. - The average procurement price of key raw materials has shown some volatility, which could impact gross margins if prices rise significantly [134]. - The company aims to optimize its raw material supply chain and improve inventory turnover to mitigate risks from raw material price fluctuations [134]. Shareholder Relations - The company has committed to a lock-up period for its shares, preventing transfers for six months post-IPO [151]. - The actual controllers have agreed to not transfer shares for 36 months after the IPO, ensuring stability in shareholding [151]. - The commitment from major shareholders includes a promise to avoid engaging in competitive activities with the company [157]. - Major shareholders are obligated to minimize related party transactions with the company and ensure fair pricing [157]. - The company has established a framework for the management of shareholding changes and stock repurchase procedures [156]. Investment and Capital Management - The company committed to invest CNY 30,600 million in various projects, with CNY 9,495.98 million already invested by the end of the reporting period [87]. - The project for producing 200,000 smart sensors per year has a cumulative investment of CNY 5,651.53 million, achieving 30.00% of the planned investment [87]. - The company reported a total guarantee amount of 12 million RMB for its subsidiary, which has been fully performed [184]. - The company has not engaged in any entrusted loans during the reporting period [189]. - The company will ensure compliance with regulations regarding the reduction of shares by major shareholders and senior management [161].

Financial Performance - The company's revenue for Q1 2021 was ¥68,096,792.21, representing a 37.60% increase compared to ¥49,487,269.54 in the same period last year[7] - Net profit attributable to shareholders was ¥8,647,424.95, up 34.30% from ¥6,438,875.06 year-over-year[7] - The net profit after deducting non-recurring gains and losses was ¥7,105,206.75, a 12.27% increase from ¥6,328,838.87 in the previous year[7] - Total operating revenue for the current period reached ¥68,096,792.21, a significant increase of 37.5% compared to ¥49,487,269.54 in the previous period[50] - Net profit for the current period was ¥8,647,424.95, representing a 34.4% increase from ¥6,438,875.06 in the previous period[52] - Operating profit increased to ¥10,182,824.94, up 30.6% from ¥7,793,747.01 in the last period[52] - Total comprehensive income for the current period was ¥8,647,424.95, an increase of 34.4% from ¥6,438,875.06 in the prior period[53] Assets and Liabilities - The company's total assets decreased by 5.61% to ¥973,628,141.12 from ¥1,031,533,557.27 at the end of the previous year[7] - The total current assets decreased to 770.20 million yuan from 868.87 million yuan at the end of 2020[43] - The total liabilities decreased from CNY 185,788,143.53 to CNY 104,075,805.02, a reduction of approximately 44%[48] - Current liabilities decreased significantly from CNY 183,827,693.54 to CNY 117,274,852.44, a reduction of about 36.2%[45] - The company's total equity increased from CNY 847,705,863.73 to CNY 856,353,288.68, showing a growth of approximately 1.5%[46] Cash Flow - The net cash flow from operating activities was negative at -¥53,611,726.53, a decline of 6.93% from -¥50,135,329.45 in the same period last year[7] - Operating cash inflow for the current period was CNY 84,445,851.39, up from CNY 39,374,046.69 in the previous period, representing a growth of approximately 114.5%[60] - Cash outflow from operating activities totaled CNY 138,057,577.92, compared to CNY 89,509,376.14 in the prior period, indicating an increase of about 54.2%[60] - Cash inflow from investment activities was CNY 256,081,534.25, with no inflows in the prior period[60] - Total cash outflow from investment activities reached CNY 407,663,439.82, significantly higher than CNY 4,617,595.20 in the previous period[60] - The ending cash and cash equivalents balance was CNY 78,583,286.37, a decrease from CNY 17,366,402.23 in the previous period[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,051[11] - The top 10 shareholders hold a total of 51,000,000 shares, with the largest shareholder, Qian Bingjiong, owning 10,053,230 shares, accounting for 14.78% of the total[12] - The second-largest shareholder, Cen Tengyun, holds 7,737,429 shares, representing 11.38% of the total[12] - The company maintains a stable shareholder structure with no significant changes in ownership percentages reported[12] Investment and R&D - Research and development expenses rose by 79.89% to CNY 7,333,802.53, indicating a focus on enhancing innovation capabilities[20] - The company plans to expand its production capacity by 1.3 million smart sensors through its fundraising projects, which are currently under implementation[26] - The company is increasing R&D investment and optimizing the raw material supply chain to mitigate risks associated with raw material price fluctuations[29] Risks and Challenges - The company is actively addressing risks related to technology and talent shortages in the competitive smart metering industry[25] - The company has a significant amount of accounts receivable, with approximately 90% being within one year, indicating good overall quality but increasing management pressure and risk of bad debts[27] - The average procurement price of key raw materials is relatively stable, but any significant price increases could lead to a decline in gross margin[28] - The inventory mainly consists of raw materials and goods in transit, with potential risks if goods are not installed and accepted in a timely manner[30] Fundraising and Utilization - The total amount of raised funds is ¥50,870.76 million, with ¥866.78 million invested in the current quarter[33] - Cumulative investment from raised funds amounts to ¥16,362.76 million, with a utilization rate of 33.00% for the annual production of 2 million smart sensors project[33] - The company reported a net fundraising amount of 508.71 million yuan from its initial public offering, with an oversubscription amount of 202.71 million yuan[34]

Financial Performance - Operating revenue for the period was ¥99,084,697.27, representing a 19.58% increase compared to the same period last year[8]. - Net profit attributable to shareholders was ¥16,267,322.54, up 3.11% year-over-year[8]. - The company reported a year-to-date net profit of ¥35,792,465.49, which is a 47.14% increase compared to the same period last year[8]. - Total operating revenue for Q3 2020 was CNY 99,084,697.27, an increase of 19.5% compared to CNY 82,861,547.81 in the same period last year[37]. - Net profit for Q3 2020 was CNY 10,997,766.10, reflecting a significant increase compared to CNY 7,408,376.97 in Q3 2019[38]. - The total comprehensive income for Q3 2020 was CNY 16,267,322.54, compared to CNY 15,777,268.38 in Q3 2019, showing a growth of 3.1%[40]. - The total revenue for the year-to-date period reached CNY 226,108,357.72, an increase of 24.5% from CNY 181,728,863.30 in the previous year[45]. - The net profit for Q3 2020 reached CNY 25,353,456.91, representing a growth of 3.9% from CNY 24,398,545.04 in Q3 2019[51]. Assets and Liabilities - Total assets reached ¥1,045,421,720.46, an increase of 147.79% compared to the end of the previous year[8]. - The company reported a total liability of CNY 231,752,622.53, up from CNY 137,421,726.18, an increase of 68.5%[32]. - As of September 30, 2020, the company's cash and cash equivalents increased by 636.54% to ¥581,279,712.07 compared to ¥78,920,016.87 at the end of 2019[16]. - The company's equity attributable to shareholders increased to CNY 813,669,097.93 from CNY 284,469,026.63, a growth of 186.5%[32]. - Long-term borrowings rose to CNY 47,594,770.68 from CNY 10,294,786.00, indicating a significant increase of 362.5%[34]. Cash Flow - Net cash flow from operating activities was ¥15,857,983.00, a significant increase of 196.30% compared to the same period last year[8]. - The net cash flow from investment activities decreased by 165.49% to -39,928,273.25 RMB compared to the previous period due to increased infrastructure investment[18]. - The net cash flow from financing activities increased by 6981.90% to 572,594,762.47 RMB, primarily due to funds raised from stock issuance[18]. - The cash flow from operating activities showed a net outflow of CNY -32,116,678.78, an improvement from CNY -38,759,403.58 in the same quarter last year[54]. - The company reported a total cash and cash equivalents balance of 377,437,442.01 CNY at the end of the period, up from 5,332,090.84 CNY in the previous period[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,612[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. - The company's stock capital increased by 33.33% to ¥68,000,000.00 from ¥51,000,000.00[17]. Research and Development - Research and development expenses for Q3 2020 were CNY 4,963,165.48, compared to CNY 4,287,635.78 in Q3 2019, reflecting a growth of 15.7%[38]. - Research and development expenses for Q3 2020 amounted to CNY 11,450,623.43, up from CNY 9,950,353.12 in Q3 2019, reflecting a 15.1% increase[49]. Other Financial Metrics - Basic earnings per share were ¥0.32, reflecting a 3.23% increase year-over-year[8]. - The weighted average return on equity was 5.77%, an increase of 18.93% compared to the same period last year[8]. - Non-recurring gains and losses totaled ¥646,875.68 after tax adjustments[10]. - The company reported a credit impairment loss of ¥8,567,136.26, an increase of 65.53% compared to the previous period[17]. - The company recorded other income of CNY 7,012,809.22, up from CNY 5,601,088.52, representing a 25.1% increase[49].