编号：2021-001 证券代码：300906 证券简称：日月明 江西日月明测控科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------|-------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：300906 证券简称：日月明 编号：2022-002 江西日月明测控科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------------|------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

江西日月明测控科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 江西日月明测控科技股份有限公司 2022 年第三季度报告 重要内容提示： 证券代码：300906 证券简称：日月明 公告编号：2022-028 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 江西日月明测控科技股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 20,433,891.28 | -2. ...

Company Overview - The company operates under the legal name Jiangxi Everbright Measurement And Control Technology Co., Ltd.[18] - The company is listed on the Shenzhen Stock Exchange under the stock code 300906[18] - The company is headquartered in Nanchang, Jiangxi Province, China[19] - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the chairman and accounting heads[3] Financial Performance - The report period covers January 1, 2022, to June 30, 2022, with a comparison to the same period in 2021[15] - The company's operating revenue for the reporting period was ¥56,636,110.47, representing a 31.35% increase compared to ¥43,119,318.98 in the same period last year[24] - Net profit attributable to shareholders was ¥22,654,020.58, up 24.18% from ¥18,243,320.38 year-on-year[24] - The net profit after deducting non-recurring gains and losses was ¥18,274,077.04, reflecting a significant increase of 54.08% compared to ¥11,860,282.70 in the previous year[24] - The basic earnings per share rose to ¥0.2832, a 24.21% increase from ¥0.2280 in the same period last year[24] - The company's total assets at the end of the reporting period were ¥897,309,619.73, a decrease of 0.97% from ¥906,094,533.63 at the end of the previous year[24] - The weighted average return on equity for the reporting period was 2.73%, an increase of 0.50% compared to 2.23% in the previous year[24] Research and Development - The company is committed to enhancing its measurement technology capabilities through research and development[15] - The company focuses on self-research and development, particularly in rail geometry state detection and quality inspection, while also engaging in external collaborations for multifunctional detection products[57] - The company has a well-defined R&D process that includes market research, prototype development, and feedback mechanisms to ensure continuous product optimization[57] - The company's R&D investment reached CNY 4,331,800, which is a 9.32% increase from the previous year, accounting for 7.65% of operating revenue[64] - The company is committed to continuous innovation in rail measurement technology to enhance operational efficiency and safety standards in the rail industry[37] - The company has a total of 62 patent authorizations, including 21 invention patents, 40 utility model patents, and 1 design patent, as well as 16 software copyrights[58] Market and Industry - The company is engaged in the research, development, production, and sales of rail safety monitoring equipment, which is crucial for the increasing railway mileage in China[34] - The national railway operating mileage is expected to reach approximately 165,000 kilometers by the end of 2025, with significant investments in the railway sector[34] - The company faces favorable development opportunities in the rail safety monitoring industry due to the growing demand for track safety and smoothness[36] - The company is a leading provider of rail safety measurement and control equipment in China, focusing on the research, production, and sales of rail safety measurement and control devices[37] Sales and Customer Relations - The sales model primarily involves direct sales to clients such as railway bureaus, local railway companies, and urban rail transit operators, allowing for timely market feedback and reduced communication barriers[51] - The company has established stable relationships with railway departments and urban rail transit operators, forming a mature customer base[66] - The company has a dedicated investor relations team to handle inquiries and provide information[19] Financial Management - The company reported a net increase in cash and cash equivalents of -¥409,934,886.32, a decline of 67.23% attributed to increased cash management activities[71] - The company’s cash management strategy led to a significant increase in trading financial assets, which accounted for 41.43% of total assets[76] - The company is actively managing accounts receivable to reduce the risk of bad debts, particularly from railway bureaus and construction units[101] - The company has established a procurement management system to ensure the quality and specifications of purchased products, with a focus on long-term relationships with strong suppliers[55] Corporate Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[197] - The semi-annual financial report has not been audited[121] - The company has not faced any administrative penalties due to environmental issues during the reporting period[112] - The company adheres to various environmental protection laws and has not been penalized for violations during the reporting period[112] Future Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[183] - Future guidance indicates a cautious approach to investments and a focus on improving cash flow management strategies[183] - The company aims to enhance its core technology and product competitiveness while expanding its research into track structure detection technology[64] Shareholder Information - The total number of shares before the change was 80,000,000, with a decrease of 670,575 shares, resulting in a total of 79,329,425 shares after the change[144] - Jiangxi Rimu Ming holds 39.36% of the shares, totaling 31,485,000 shares[148] - The second largest shareholder, Tao Jie, holds 12.46% with 9,967,000 shares[148] - The company has not engaged in any repurchase transactions during the reporting period[150]

Financial Performance - The company's operating revenue for Q1 2022 was ¥26,058,831.30, representing a 15.81% increase compared to ¥22,501,462.56 in the same period last year[4] - Net profit attributable to shareholders was ¥10,641,891.16, up 24.26% from ¥8,564,293.45 year-on-year[4] - The net profit after deducting non-recurring gains and losses increased by 101.43%, reaching ¥8,100,530.90 compared to ¥4,021,438.73 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 26,058,831.30, an increase of 15.4% compared to CNY 22,501,462.56 in the same period last year[19] - Net profit for Q1 2022 was CNY 10,641,891.16, up 24.4% from CNY 8,562,753.61 in Q1 2021[21] - Basic and diluted earnings per share increased to CNY 0.1330 from CNY 0.1071, reflecting a growth of 24.5%[22] Cash Flow and Liquidity - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥10,971,027.60, a decrease of 219.77% compared to the previous year's outflow of ¥3,430,903.97[9] - Cash inflow from operating activities totaled CNY 26,737,495.95, compared to CNY 36,531,794.60 in the previous period[24] - The net cash flow from operating activities was -10,971,027.60 CNY, compared to -3,430,903.97 CNY in the previous year, indicating a decline in operational performance[25] - The net increase in cash and cash equivalents was -381,085,992.00 CNY, compared to -224,805,834.16 CNY in the previous year, indicating a worsening liquidity position[26] - The ending balance of cash and cash equivalents was 280,657,948.62 CNY, down from 440,153,188.34 CNY at the end of the previous year, reflecting a significant decrease in available cash[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥908,185,974.59, a slight increase of 0.23% from ¥906,094,533.63 at the end of the previous year[4] - The total liabilities decreased to CNY 79,923,815.59 from CNY 88,474,265.79, a decline of 9.3%[19] - The company's total equity attributable to shareholders increased by 1.30% to ¥828,262,159.00 from ¥817,620,267.84 at the end of the previous year[4] - Total current liabilities were not explicitly stated, but accounts payable decreased to CNY 40,387,961.33 from CNY 46,671,141.24, showing a reduction of approximately 13.8%[17] Investments - The company reported a significant increase in investment income, which rose by 128.70% to ¥35,182.15, compared to a loss of ¥122,581.72 in the previous year[9] - The cash flow from investment activities showed a net outflow of ¥370,114,964.40, an increase of 67.19% compared to the previous year's outflow of ¥221,374,930.00[9] - The total cash outflow from investment activities was 370,114,964.40 CNY, significantly higher than 221,374,930.19 CNY in the same period last year, reflecting increased investment expenditures[25] - The net cash flow from investment activities was -370,114,964.40 CNY, compared to -221,374,930.19 CNY in the previous year, showing a substantial increase in cash used for investments[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,275, indicating a stable shareholder base[11] - The company reported a total of 48,440,324 restricted shares at the beginning of the period, with 670,575 shares released during the quarter[14] - The number of shares held by the top ten unrestricted shareholders includes 5,115,200 shares held by China CNR Capital (Tianjin) Equity Investment Fund Management Co., Ltd.[12] - The company has a total of 31,485,000 shares under lock-up due to the initial public offering, set to be released on November 5, 2023[13] Other Financial Metrics - The weighted average return on equity was 1.29%, up from 1.04% in the same period last year, indicating improved profitability[4] - Research and development expenses were CNY 2,181,085.45, slightly down from CNY 2,587,171.35, indicating a focus on cost management[19] - Other income for the period was CNY 3,236,169.41, down from CNY 4,210,223.93, reflecting a decrease of 23.1%[19] - Deferred income tax liabilities increased to CNY 4,287,192.24 from CNY 4,129,730.08, an increase of 3.8%[19] - The total non-current assets decreased slightly to CNY 68,132,361.04 from CNY 69,114,984.51, indicating a decline of about 1.4%[17] - The company's cash and cash equivalents decreased to CNY 285,218,515.13 from CNY 666,250,578.71, indicating a significant reduction in liquidity[16] - Accounts receivable increased to CNY 142,339,201.36 from CNY 134,172,895.56, reflecting a growth of approximately 6.5%[16] - Inventory levels rose to CNY 20,032,212.06 from CNY 18,325,233.89, representing an increase of about 9.3%[17] Audit Information - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[27]

Financial Performance - The company's operating revenue for 2021 was ¥123,250,890.71, representing a 5.86% increase compared to ¥116,427,629.22 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥40,679,243.94, a decrease of 24.61% from ¥53,955,558.95 in 2020[18]. - The net cash flow from operating activities decreased by 51.93% to ¥33,148,365.70 in 2021 from ¥68,956,375.74 in 2020[18]. - The basic earnings per share for 2021 was ¥0.5085, down 41.89% from ¥0.8750 in 2020[18]. - The total assets at the end of 2021 were ¥906,094,533.63, a slight increase of 0.43% from ¥902,214,106.27 at the end of 2020[18]. - The company reported a weighted average return on equity of 5.00% in 2021, down from 15.50% in 2020, indicating a significant decline in profitability[18]. - The company received government subsidies amounting to ¥6,828,438.41 in 2021, compared to ¥19,246,562.16 in 2020, reflecting a decrease in support[23]. - The company achieved a total revenue of CNY 123,250,890.71 in 2021, representing a year-on-year increase of 5.86%[65]. - The net profit attributable to shareholders decreased by 24.61% to CNY 40,679,243.94, while the operating profit fell by 25.43% to CNY 46,519,082.62[65]. - The company's total assets reached CNY 906,094,533.63, reflecting a growth of 0.43% year-on-year, and the net assets attributable to shareholders increased by 0.12% to CNY 817,620,267.84[65]. Dividend Policy - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares (including tax) to all shareholders based on 80,000,000 shares[4]. - The company has not issued any bonus shares or capital reserves for the current fiscal year, focusing solely on cash dividends[4]. - The cash dividend accounted for 100% of the total distributable profit of RMB 151,256,097.83[170]. - The company has no plans for stock dividends or capital increases during this reporting period[171]. Research and Development - The company invested CNY 11.14 million in R&D, representing 9.04% of its operating revenue, despite the impact of the pandemic on its business performance[58]. - The company holds 43 authorized patents, including 19 invention patents, and has received multiple awards for its technological innovations[58]. - The company is focused on integrating advanced technologies such as big data and AI into the transportation sector, enhancing the demand for digitalized infrastructure[56]. - The company aims to develop a comprehensive integrated detection system for railway infrastructure, addressing the growing demand for specialized maintenance and management[62]. - The company completed the design and verification of the new rail inspection instrument, which is expected to enhance its competitive advantage in the market[78]. - Research and development expenses increased by 26.24% to CNY 11,136,733.88 in 2021, compared to CNY 8,821,806.14 in 2020[77]. Market Position and Strategy - The company operates in the railway equipment manufacturing industry, which is expected to grow due to increased government investment in infrastructure[28]. - The company plans to expand its market presence in the railway sector, aligning with national transportation network development goals[29]. - The company is well-positioned to capitalize on the growing demand for rail safety and smoothness as the rail network expands in China[31]. - The company has established a strong market position in the rail safety monitoring industry, benefiting from the increasing total mileage of railways in China[31]. - The company is actively pursuing opportunities for market expansion and technological collaboration to drive future growth[143]. Corporate Governance - The company emphasizes the importance of accurate financial reporting, ensuring the authenticity and completeness of its annual report[3]. - The company adheres to governance standards set by relevant laws and regulations, ensuring compliance and transparency in operations[125]. - The board of directors consists of seven members, including three independent directors, and held six meetings during the reporting period[126]. - The audit committee successfully completed financial supervision and internal control assessments, ensuring compliance with financial reporting standards[126]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making or operations[127]. - The company is committed to maintaining high standards of corporate governance with the recent changes in its board and management structure[136][138]. Risk Management - The company is committed to addressing investment risks associated with its future development plans, as outlined in the management discussion section[4]. - The company recognizes the risk of high customer concentration, with over 30% of revenue derived from the China National Railway Group, and plans to diversify its market presence[118]. - The company faces risks of bad debt losses due to large accounts receivable, primarily from clients such as railway bureaus and construction units, leading to prolonged collection periods[121]. - The company has implemented measures to strengthen accounts receivable management, including performance assessments tied to collection efforts[121]. Employee Management - The company has a total of 144 employees, with 37 in production, 36 in sales, 31 in technology, 8 in finance, 20 in administration, and 12 in engineering services[163]. - The company has established a competitive salary system based on strategic planning and industry standards, including short-term salaries, holiday benefits, year-end bonuses, and other long-term benefits[164]. - The company plans to implement a scientific incentive system integrating salary, capability, and performance to ensure fair treatment and equal opportunities for employees[165]. - The company will continue to focus on employee development and retention through a comprehensive welfare system and paid leave[164]. Environmental and Social Responsibility - The company adheres to environmental protection laws and has not faced any administrative penalties related to environmental issues during the reporting period[178]. - The company emphasizes corporate social responsibility, focusing on providing high-precision, digital products and services for the rail transit industry[179]. - Environmental protection is a key component of the company's development strategy, with strict adherence to relevant laws and regulations[181]. Shareholder Relations - The company has established a policy that limits annual share transfers by directors and senior management to 25% of their total holdings during their tenure[185]. - The company will ensure that any unfulfilled commitments will result in the proceeds from stock sales being returned to the company within five working days[184]. - The company has committed to compensating any losses incurred by investors due to unfulfilled commitments[184]. - The company will maintain transparency regarding the fulfillment of commitments and the implications of any breaches[185].

Financial Performance - The company's operating revenue for Q3 2021 was ¥20,965,896.48, a decrease of 31.46% compared to the same period last year[3] - Net profit attributable to shareholders was ¥12,284,450.67, an increase of 5.99% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥9,384,187.48, down 14.74%[3] - The company's basic earnings per share for Q3 2021 was ¥0.1536, down 20.52% year-on-year[3] - Total operating revenue for Q3 2021 was CNY 64,085,215.46, an increase of 0.84% compared to CNY 63,546,838.55 in the same period last year[22] - Net profit for Q3 2021 reached CNY 30,493,600.06, representing a 23.5% increase from CNY 24,601,723.31 in Q3 2020[23] - Earnings per share (EPS) for Q3 2021 was CNY 0.3816, a decrease from CNY 0.4114 in the same quarter last year[24] Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥21,339,094.50, representing an increase of 81.77% compared to the previous year[8] - The net cash flow from operating activities for Q3 2021 was ¥21,339,094.50, an increase of 81.5% compared to ¥11,739,880.64 in Q3 2020[27] - The company received ¥29,970,406.72 in cash related to operating activities, which is a significant increase from ¥14,854,566.68 in the previous year[27] - The total cash outflow from operating activities was ¥104,428,794.41, compared to ¥88,356,812.28 in Q3 2020, reflecting a 18.2% increase[27] - Total cash inflow from investment activities was ¥131,759,991.72, down 31.6% from ¥192,515,106.71 in the same period last year[28] - The net cash flow from investment activities was -¥269,964,791.75, compared to -¥52,239,310.01 in Q3 2020, indicating a significant increase in cash outflow[28] - Cash and cash equivalents at the end of Q3 2021 amounted to ¥375,389,927.02, a decrease from ¥664,959,022.50 at the beginning of the quarter[28] - The company paid out ¥40,000,000.00 in dividends and interest during the quarter[28] - The company reported a total cash outflow from investment activities of ¥401,724,783.47, which is a substantial increase from ¥244,754,416.72 in Q3 2020[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥867,464,114.47, a decrease of 3.85% from the end of the previous year[3] - As of September 30, 2021, the company's total current assets amounted to CNY 800,164,418.48, a decrease from CNY 834,041,814.37 at the end of 2020, representing a decline of approximately 4.1%[18] - The company's cash and cash equivalents decreased to CNY 379,250,092.09 from CNY 672,845,963.74, indicating a significant reduction of about 43.5%[18] - Accounts receivable decreased to CNY 109,308,013.24 from CNY 125,243,527.65, reflecting a decline of approximately 12.8%[18] - The company's long-term equity investments decreased to CNY 2,538,520.55 from CNY 2,915,481.05, a decline of approximately 12.9%[18] - Total liabilities decreased to CNY 59,995,319.52 from CNY 85,238,909.38 in the previous year[20] - The company reported a significant reduction in accounts payable, which fell to CNY 33,313,399.32 from CNY 48,092,511.30 year-over-year[20] Inventory and Expenses - The company reported a significant increase in inventory by 51.40%, reaching ¥20,383,286.08, attributed to increased production materials and performance costs[7] - Management expenses rose by 50.97% to ¥8,914,286.26, mainly due to increased intermediary service fees and personnel bonuses[8] - The company continues to invest in R&D, with expenses amounting to CNY 5,758,755.97, up from CNY 5,390,527.36 in the previous year[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,604, with the largest shareholder holding 39.36% of the shares[9] - The total number of restricted shares remained unchanged at 60,000,075 shares, with the release date set for November 5, 2023[14] - The company reported a total of 31,485,000 restricted shares held by Jiangxi Riyue Ming Industrial Co., Ltd., with a release date of November 5, 2023[13] - The company has no participation in margin financing and securities lending activities among its top ten shareholders[14] Governance and Reporting - The company completed the election of the board of directors and supervisory board on September 15, 2021, indicating a governance update[15] - The Q3 2021 report was not audited, indicating that the figures are preliminary[31] Fair Value Changes - The company experienced a 938.68% increase in fair value changes, amounting to ¥3,326,630.13, due to higher returns on financial products[8]

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was 50 million RMB, up 20% compared to the same period last year[15]. - The company's operating revenue for the reporting period was ¥43,119,318.98, representing a 30.83% increase compared to ¥32,958,154.46 in the same period last year[21]. - The net profit attributable to shareholders was ¥18,243,320.38, up 39.35% from ¥13,091,942.07 year-on-year[21]. - The company reported a basic earnings per share of ¥0.2280, an increase of 4.49% from ¥0.2182 in the previous year[21]. - The company achieved a revenue of 43.12 million yuan, representing a year-on-year growth of 30.83%[50]. - The gross profit margin improved to 59.48%, up by 3.46% from the same period last year, influenced by changes in revenue structure and pricing[50]. - The company reported a total of ¥21,560,695.07 in profit for the first half of 2021, an increase of 44.0% from ¥14,925,226.43 in the first half of 2020[163]. - The total comprehensive income for the period was 13,091,000 CNY, reflecting a decrease of 78.7% compared to the previous period[181]. Research and Development - The company plans to invest 10 million RMB in R&D for new measurement technologies in the next fiscal year[15]. - Research and development investment amounted to ¥3,962,480.03, an increase of 17.17% compared to the previous year, accounting for 9.19% of total revenue[61]. - The company focuses on independent R&D, with a strong emphasis on continuous innovation in rail geometry state detection and surface quality detection[47]. - The company has established a comprehensive new product development process, ensuring continuous optimization and technological advancement[48]. Market Expansion and Strategy - User data indicates a 25% increase in the number of clients in the rail transportation sector[15]. - The company has expanded its market presence by entering two new provinces, increasing its operational footprint by 30%[15]. - The company is exploring potential acquisitions to enhance its technology portfolio and market share[15]. - The company aims to balance its revenue sources by expanding into both national railway and urban rail transit markets[92]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[181]. Operational Challenges and Risks - The management highlighted risks related to supply chain disruptions and their mitigation strategies in the report[4]. - The company has not made any significant changes to its main business or major products and services during the reporting period[31]. - The company has established a stable customer base, maintaining long-term relationships with clients in the rail transportation sector due to its reliable product quality and efficient service[55]. Financial Position and Assets - The total assets at the end of the reporting period were ¥865,281,436.50, a decrease of 4.09% from ¥902,214,106.27 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 2.63% to ¥795,184,344.28 from ¥816,625,256.26 at the end of the previous year[21]. - The company's cash and cash equivalents decreased by 25.48% to CNY 424,887,894.36, primarily due to the use of idle funds for cash management[68]. - The total amount of funds raised was RMB 481.73 million, with a net amount of RMB 481.73 million after deducting issuance costs of RMB 46.67 million[78]. Shareholder Information - The total number of shares is 80,000,000, with 75% being limited shares and 25% being unrestricted shares[133]. - The largest shareholder, Jiangxi Riyue Ming Industrial Co., Ltd., holds 31,485,000 shares, representing 39.36% of the total shares[138]. - The company has no new share issuance or repurchase plans currently in progress[134]. - The total number of shareholders at the end of the reporting period is 13,150[138]. Compliance and Governance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, along with various operational departments[195]. - The company has implemented a monthly rental agreement of CNY 26,400 with a 5% annual increase for properties leased to Jiangxi Hengshi Construction Management Co., Ltd.[124]. - The company has established a robust internal control system to ensure accurate and timely information disclosure to shareholders[103]. - The company has committed to environmental protection as a key part of its development strategy, emphasizing sustainable practices[105].

Financial Performance - The company reported a profit distribution plan of 5 RMB per 10 shares (including tax) for a total of 80,000,000 shares[4]. - The company's operating revenue for 2020 was ¥116,427,629.22, a decrease of 23.82% compared to ¥152,838,168.45 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥53,955,558.95, down 13.31% from ¥62,239,774.01 in 2019[17]. - The net cash flow from operating activities increased by 78.22% to ¥68,956,375.74 in 2020, compared to ¥38,692,047.83 in 2019[17]. - The total assets at the end of 2020 reached ¥902,214,106.27, representing a 148.99% increase from ¥362,342,782.41 at the end of 2019[17]. - The company's basic earnings per share for 2020 was ¥0.8750, a decrease of 15.65% from ¥1.0373 in 2019[17]. - The company reported a significant increase in total equity attributable to shareholders, which rose by 190.67% to ¥816,625,256.26 at the end of 2020[17]. - The company achieved operating revenue of 116.43 million yuan, a decrease of 23.82% compared to the previous year[69]. - The net profit attributable to shareholders was 53.96 million yuan, down 13.31% year-on-year[63]. - The company reported a total revenue of 1.2 billion RMB for the year 2020, reflecting a year-on-year growth of 15%[133]. Research and Development - The company is actively pursuing new product development and technological advancements to maintain its competitive edge in the industry[10]. - The company has a total of 31 patents, including 16 invention patents and 14 utility model patents, indicating strong R&D capabilities in the rail safety monitoring sector[47]. - The company's R&D investment reached 8.82 million yuan, accounting for 7.58% of its operating revenue, despite the impact of the pandemic on performance[51]. - The company has developed core technologies with independent intellectual property rights, participating in drafting several industry standards and regulations[56]. - The company plans to enhance its product and service technology levels in the rail transit industry, focusing on digitalization, information technology, and intelligent solutions[112]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[134]. - Investment in R&D for new technologies increased by 30%, totaling 150 million RMB, focusing on enhancing product capabilities[134]. - The company plans to launch three new products in the upcoming year, which are anticipated to contribute an additional 200 million RMB in revenue[138]. Market Position and Strategy - The company is committed to expanding its market presence and diversifying its operations within the rail transportation sector[10]. - The company’s revenue structure is shifting towards more information technology, intelligence, and specialized technology products, enhancing its market competitiveness[48]. - The company aims to diversify its market presence by expanding into both national railway and urban rail transit sectors to mitigate risks associated with customer concentration[120]. - The company has established a stable customer base, maintaining long-term relationships with railway departments and urban rail transit operators due to its reliable product quality and efficient service[53]. - The company’s market position is strengthened by its understanding of domestic rail transportation development patterns, leading to a competitive edge over foreign counterparts[47]. - The company plans to establish sales offices in key regional cities to strengthen its market presence and improve local technical service capabilities[115]. Financial Management and Governance - The company emphasizes the importance of accurate financial reporting, ensuring the authenticity and completeness of the annual report[3]. - The company has established a comprehensive procurement management system, ensuring quality and reliability in supplier selection and management[43]. - The company has implemented a project-based performance management system to foster innovation and competitiveness among R&D personnel[46]. - The company has established a robust governance structure to protect shareholder rights, ensuring transparency and fairness in information disclosure[171]. - The company confirmed compliance with all relevant laws and regulations regarding shareholder commitments[146]. - The company has not engaged in any major related party transactions throughout the year[155]. Shareholder and Stock Information - The company’s stock code is 300906, and it is listed on the Shenzhen Stock Exchange[13]. - The company successfully completed its initial public offering (IPO) of 20 million shares at a price of RMB 26.42 per share, with the shares listed on November 5, 2020[186]. - The total number of shares increased from 60 million to 80 million after the issuance of 20 million new shares, representing a 33.33% increase in total shares[180]. - The largest shareholder, Jiangxi Riyue Ming Industrial Co., Ltd., holds 39.36% of the shares, totaling 31,485,000 shares[189]. - The company has a total of 60 million restricted shares, all of which are subject to lock-up until November 5, 2023[184]. - The company will not transfer or delegate the management of its shares for 36 months after the IPO, ensuring stability in shareholding[131]. Operational Highlights - The company has established a strong foundation in the railway safety measurement and control market, which is critical for ensuring transportation safety[10]. - The company operates in the railway equipment manufacturing industry, which has seen increased investment and modernization efforts from the government[26]. - The company has maintained its core business in rail safety monitoring equipment without major changes during the reporting period[28]. - The company provides precision measurement and adjustment services for railway tracks, ensuring compliance with design specifications and enhancing operational safety and comfort[40]. - The company has participated in precision measurement and adjustment services for over ten railway lines, accumulating extensive on-site operational experience[54]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[143]. - The company has set a performance guidance of 1.5 billion RMB in revenue for the next fiscal year, indicating a 25% growth target[143]. - The company plans to enhance its talent acquisition strategy to strengthen its technical development, marketing, and management teams[116]. - The company aims to improve its economic efficiency based on 2020 performance, leveraging its measurement and control technology[113].

Financial Performance - The company's revenue for Q1 2021 was ¥22,501,462.56, representing a 186.49% increase compared to ¥7,854,082.31 in the same period last year[8] - Net profit attributable to shareholders reached ¥8,564,293.45, a significant increase of 1,871.03% from ¥434,509.30 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥4,021,438.73, up 1,760.85% from ¥216,108.20 year-on-year[8] - The basic earnings per share rose to ¥0.1071, marking a 1,387.50% increase from ¥0.0072 in the same period last year[8] - The total operating revenue for Q1 2021 was CNY 22,501,462.56, a significant increase from CNY 7,854,082.31 in the previous period[46] - The net profit for Q1 2021 reached CNY 8,562,753.61, a substantial rise from CNY 401,806.94 in the previous year[48] - The total comprehensive income for the period is CNY 8,568,912.99, compared to CNY 532,616.38 in the previous period, representing a significant increase[52] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥3,430,903.97, a 78.97% improvement compared to -¥16,312,681.77 in the previous year[8] - Cash flow from operating activities improved by 78.97%, amounting to CNY -3,430,903.97, compared to CNY -16,312,681.77 in the same period last year[20] - The company’s cash and cash equivalents decreased by 33.38% to CNY 448,236,306.75, primarily due to investments in financial products[19] - As of March 31, 2021, cash and cash equivalents decreased to approximately 448.24 million RMB from 672.85 million RMB at the end of 2020, a decline of about 33.3%[38] - The total cash and cash equivalents at the end of the period is CNY 440,153,188.34, down from CNY 664,959,022.50 at the beginning of the period[57] - The company experienced a net decrease in cash and cash equivalents of -224,804,763.98 yuan during the period[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥901,683,467.07, a slight decrease of 0.06% from ¥902,214,106.27 at the end of the previous year[8] - The total assets as of March 31, 2021, were approximately 901.68 million RMB, slightly down from 902.21 million RMB at the end of 2020[39] - The total liabilities decreased to approximately 76.15 million RMB from 85.24 million RMB, a reduction of about 10.5%[40] - The total liabilities decreased to CNY 76,144,935.41 from CNY 85,238,328.22 in the previous period[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,526[12] - Net assets attributable to shareholders increased to ¥825,189,549.71, reflecting a growth of 1.05% from ¥816,625,256.26 at the end of the previous year[8] - The total equity attributable to shareholders of the parent company increased to CNY 825,644,347.37 from CNY 817,075,434.38[44] Research and Development - Research and development expenses increased by 124.98% to CNY 2,587,171.35, reflecting higher personnel costs in R&D[19] - Research and development expenses for Q1 2021 were CNY 2,587,171.35, compared to CNY 1,149,933.40 in the previous year, indicating a focus on innovation[47] - The company plans to enhance its product competitiveness by increasing R&D efforts and launching more differentiated new products[24] Market and Operational Strategy - The company plans to continue expanding its market presence and enhancing its core competencies in line with its annual operational plan[21] - The company aims to expand its market presence in both national railway and urban rail transit sectors to balance order volume and revenue sources[23] - The company signed significant contracts and expanded its business channels, particularly in response to the impact of the pandemic on railway construction projects[21] Risks and Challenges - The company faces risks from potential adjustments in national policies regarding railway and urban rail transit investments, which could impact operational performance[24] - The comprehensive gross profit margin for the reporting period was 50.55%, with potential risks of margin decline due to intensified market competition and product structure adjustments[24] - The company is actively managing accounts receivable to mitigate risks associated with overdue payments from clients, primarily railway bureaus and construction units[25] Fund Management - The total amount of raised funds was 481.73 million yuan, with 1.65 million yuan invested in the current quarter[28] - The company has a total of 145.42 million yuan in excess raised funds, with plans for their utilization still under consideration[28] - The company used 43 million RMB of over-raised funds to permanently supplement working capital[29] - The company has allocated 18 million RMB of unused raised funds for cash management, with the remainder held in a special account[29] - The company has approved the use of 4.67 million RMB of raised funds to replace pre-invested project funds and issuance expenses[29] Other Information - The company has not experienced any significant changes in project feasibility or unfulfilled commitments during the reporting period[26] - There were no significant changes in net profit or warnings of potential losses for the year[30] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[32] - The first quarter report was not audited, which may affect the reliability of the financial data presented[63]