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].