证券代码：300922 证券简称：天秦装备 编号：[2021]第 005 号 | --- | --- | --- | |-----------------------------|-----------------------------|------------------------------------------------------------------| | | □特定对象调研 | □分析师会议 | | 投资者关系活动类 | □媒体采访 | 业绩说明会 | | 别 | | □新闻发布会 □路演活动 | | | □现场参观 | | | | 其他 | 电话会议 | | | 华西证券 陆洲 朱雨时 | | | | 华安基金管理有限公司 舒灏 | | | 参与单位名称及人 | | 汇丰晋信基金管理有限公司 郑宇尘 | | 员姓名 | 南京证券 焦阳 | | | | | 上海汐泰投资管理有限公司 钟成 | | | 中融基金管理有限公司 蔡超逸 | | | 时间 地点 | 2021 年8月 公司会议室 | 20日下午15：00—15 ：45。 | | 上市公司接待人员 | 董事、总经理：张澎先生 | | ...

编号：[2022]第 002 号 证券代码：300922 证券简称：天秦装备 秦皇岛天秦装备制造股份有限公司 2022 年 6 月 27 日投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------|-----------------|----------|--------------------------------------------------------------| | | □特定对象调研 | | □分析师会议 | | 投资者关系活动类 | □媒体采访 | | 业绩说明会 | | 别 | □新闻发布会 | | □路演活动 | | | □现场参观 | | | | | 其他 | 电话会议 | | | 参与单位名称及人 | 华安证券 | 邓承佯 | | | 员姓名 | 东莞证券 吕子炜 | | | | 时间 | 2022年6月23 | 日上午 | 10:30-11:30 | | 地点 | 公司会议室 | | | | 上市公司接待人员 姓名 | | | 董事、董事会秘书、财务总监：王素荣女士 | | | 1. | | 公司目前主要收入来源 ...

编号：[2022]第 003 号 证券代码：300922 证券简称：天秦装备 秦皇岛天秦装备制造股份有限公司 2022 年 9 月 19 日投资者关系活动记录表 | --- | --- | --- | --- | --- | |------------------|-----------------------------------|-------------|-----------------------------------------------|-------| | | √特定对象调研 | | □分析师会议 | | | 投资者关系活动类 | □媒体采访 | | □业绩说明会 | | | 别 | □新闻发布会 | | □路演活动 | | | | □现场参观 | | | | | | √其他 | 腾讯会议 | | | | | 北京大道兴业投资管理有限公司 | | 黄华艳 | | | | 广州诚协投资 | 朱玲妹 | | | | | 广东壹宸投资管理有限公司 | | 曹志平 | | | | 雷龙资产运营管理有限公司 | | 林金煜 | | | | 深圳市国晖投资有限公司 吴昊龙 | | | | | | 长 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥31,616,359.26, a decrease of 30.71% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥4,714,369.59, down 70.68% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥1,442,373.01, a decline of 89.89% compared to the previous year[5] - The basic earnings per share for Q3 2022 was ¥0.03, down 70.00% year-on-year[5] - The company reported a significant decrease in operating income for the first nine months of 2022, totaling ¥99,399,833.34, a drop of 35.88% compared to the same period in 2021[13] - The company experienced a 59.04% decline in operating profit, amounting to ¥27,430,226.68 for the first nine months of 2022[13] - Total operating revenue for Q3 2022 was CNY 99,399,833.34, a decrease of 35.9% compared to CNY 155,021,750.83 in the same period last year[25] - Net profit for Q3 2022 was CNY 23,346,933.84, a decline of 58.8% compared to CNY 56,723,438.11 in Q3 2021[26] - Basic and diluted earnings per share for Q3 2022 were both CNY 0.15, down from CNY 0.36 in the same quarter last year[26] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥916,074,858.37, a decrease of 1.39% from the end of the previous year[5] - As of September 30, 2022, the total current assets amounted to ¥747,772,097.63, a decrease from ¥771,010,647.14 at the beginning of the year[21] - The total non-current assets increased to ¥168,302,760.74 as of September 30, 2022, compared to ¥157,972,519.03 at the beginning of the year[21] - Total liabilities amounted to CNY 54,251,775.81, an increase from CNY 51,304,217.45 in the previous quarter[23] - Shareholders' equity totaled CNY 861,823,082.56, down from CNY 877,678,948.72 in the previous quarter[23] Cash Flow - The cash flow from operating activities for the first nine months of 2022 was ¥39,566,042.71, down 41.88% year-on-year[5] - The net cash flow from operating activities for the period was ¥39,566,042.71, a decrease of 41.9% compared to ¥68,077,962.73 in the previous period[27] - The total cash inflow from operating activities was ¥123,748,796.97, down from ¥182,771,211.90 in the previous period, reflecting a decline in sales revenue[27] - The cash flow from operating activities was impacted by a decrease in cash received from sales, which was ¥111,936,321.93 compared to ¥163,651,125.55 in the previous period[27] - The net cash flow from investing activities increased by 107.42% to ¥20,735,412.57 in 2022 from -¥279,492,719.84 in 2021, mainly due to an increase in cash recovered from investments[14] - The cash and cash equivalents at the end of the period amounted to ¥448,478,489.22, an increase from ¥332,572,026.13 in the previous period[28] - Cash outflow from financing activities was ¥39,202,800.00, compared to ¥47,537,775.22 in the previous period, indicating a reduction in financing costs[28] Investments and Projects - The company reported a 201.52% increase in construction in progress, reaching ¥19,948,630.92, due to investments in new military protective equipment manufacturing upgrades[11] - The company signed a construction contract for the Tianqin Equipment Industrial Park project on September 19, 2022, indicating progress in market expansion efforts[20] - The company adjusted the timeline for its R&D center construction project to be operational by December 2023, reflecting a strategic shift in project management[19] - The company reported a significant increase in cash recovered from investments, indicating a positive trend in investment management[14] - The company received ¥499,200,000.00 from investment recoveries, a significant increase from ¥243,900,000.00 in the previous period[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,297, with the largest shareholder holding 34.69% of the shares[16] - The company has not disclosed any related party relationships among its top shareholders, ensuring transparency in ownership structure[17] Research and Development - Research and development expenses for Q3 2022 were CNY 7,457,194.71, slightly up from CNY 7,242,661.97 in Q3 2021[25] - The company plans to focus on market expansion and new product development in the upcoming quarters[24]

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2022, representing a 15% increase compared to the same period in 2021[18]. - The net profit attributable to shareholders was 50 million RMB, a 10% increase year-on-year[18]. - The company's operating revenue for the reporting period was ¥67,783,474.08, a decrease of 38.04% compared to the same period last year[26]. - The net profit attributable to shareholders was ¥18,632,564.25, down 54.16% year-on-year[26]. - The net profit after deducting non-recurring gains and losses was ¥17,427,009.89, reflecting a decrease of 52.13% compared to the previous year[26]. - The basic earnings per share decreased to ¥0.12, down 53.85% from ¥0.26 in the same period last year[26]. - Future guidance suggests a projected revenue growth of 20% for the second half of 2022[18]. Investment and R&D - The company plans to invest 20 million RMB in R&D for new product development in the next fiscal year[18]. - The company is focusing on the development of advanced composite materials, with a projected investment of 15 million RMB in this area[18]. - Research and development expenses increased by 15.09% to ¥5,012,030.76, mainly due to increased investment in materials and sample trials[83]. - The company is focusing on the development of specialized modified engineering plastics for protective devices and equipment components[67]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting a 30% increase in market share by the end of 2023[18]. - User data indicates a growth of 25% in active users of the company's products compared to the previous year[18]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market presence[18]. - The company aims to expand its research and development efforts in high-performance engineering plastics to meet diverse market demands in both defense and civilian sectors[42]. Product Development and Offerings - The company focuses on the research, production, and sales of specialized protective devices and equipment components, primarily using polymer composite materials and metal products[36]. - The company has developed over 20 types of high-performance engineering plastics across 6 series, which are used in various military applications, demonstrating significant advantages in impact resistance, heat resistance, and strength[40]. - The company's main profit model is based on the sales of specialized protective devices and equipment components, focusing on polymer composite materials and metal materials[51]. - The company produces over 70 types of high-performance engineering plastic ammunition packaging boxes and nearly 20 types of packaging tubes, catering to various military branches[41]. Financial Management and Capital Structure - The company's total assets at the end of the reporting period were ¥904,301,589.40, a decline of 2.66% from the end of the previous year[27]. - The company's registered capital increased from ¥112,008,000 to ¥156,811,200 following the implementation of the 2021 annual equity distribution plan[25]. - The total amount of raised funds was ¥407.01 million, with ¥150.36 million cumulatively invested[99]. - The company has allocated RMB 250,000,000.00 of idle raised funds for cash management, valid for 12 months from the shareholder meeting approval date[105]. Risk Management - The management has identified key risks including supply chain disruptions and is implementing measures to mitigate these risks[18]. - The company faces risks related to national secrets leakage, core technical personnel turnover, and maintaining technological advancement[113][114][115]. - The company is implementing measures to manage accounts receivable risks, including credit assessments and regular communication with clients[120]. Governance and Compliance - The company has established a comprehensive governance structure and internal controls to ensure compliance with relevant laws and regulations, holding 4 shareholder meetings in the first half of 2022[140]. - The company has successfully passed the renewal of necessary licenses and certifications for defense equipment production, ensuring compliance with regulatory requirements[122]. - The company has revised its articles of association and related systems to enhance governance structure[175]. Environmental and Social Responsibility - The company has conducted environmental impact assessments for construction projects and adheres to environmental protection regulations[135]. - The company has established an emergency response plan for environmental incidents, which was filed with the local environmental authority[136]. - The company has implemented measures to protect employee rights, including signing labor contracts and providing social insurance, ensuring timely payment of salaries[144]. Shareholder Dynamics - The company reported a total share capital of 112,008,000 shares, with a capital increase of 4 shares for every 10 shares held due to the 2021 annual equity distribution plan implemented on May 26, 2022[193]. - The largest shareholder, Song Jinsuo, holds 54,398,260 shares, representing 34.69% of the total shares[192]. - The company experienced a total of 71,078,614 shares under lock-up conditions, with 20,369,131 shares released during the reporting period[187].

秦皇岛天秦装备制造股份有限公司 2022 年第一季度报告全文 证券代码：300922 证券简称：天秦装备 公告编号：2022-044 秦皇岛天秦装备制造股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗 漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | V F | | --- | | 定 | | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 30,512,238.24 | 41,088,372.60 | -25.74% | | 归属于上市 ...

Financial Performance - The company's operating revenue for 2021 was ¥241,024,188.26, representing a 4.71% increase compared to ¥230,188,146.54 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥80,669,602.73, a 25.27% increase from ¥64,397,016.25 in 2020[18]. - The net cash flow from operating activities surged by 220.13% to ¥93,510,861.37 in 2021, compared to ¥29,210,555.56 in 2020[18]. - The total assets at the end of 2021 amounted to ¥928,983,166.17, reflecting a 4.16% increase from ¥891,879,354.57 at the end of 2020[18]. - The company reported a basic earnings per share of ¥0.72 for 2021, down 6.49% from ¥0.77 in 2020[18]. - The weighted average return on equity for 2021 was 9.45%, a decrease of 6.79% from 16.24% in 2020[18]. - The company received government subsidies amounting to ¥4,542,721.93 in 2021, compared to ¥1,467,558.42 in 2020[24]. - Total revenue for 2021 reached ¥241,024,188.26, representing a year-on-year increase of 4.71% compared to ¥230,188,146.54 in 2020[78]. - The specialized protective devices segment generated ¥185,098,114.35, accounting for 76.80% of total revenue, with a growth of 2.03% from the previous year[78]. - Equipment components sales increased significantly by 29.43% to ¥43,778,176.67, representing 18.16% of total revenue[78]. - The digital printing industry saw a decline of 32.59%, with revenue dropping to ¥6,356,598.02, down from ¥9,430,338.31 in 2020[78]. - The gross profit margin for the other manufacturing sector was 41.63%, slightly down by 0.52% from the previous year[81]. Dividend and Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 3.50 RMB per 10 shares (including tax) and a capital reserve increase of 4 shares per 10 shares[3]. - The total number of shares for the dividend distribution is based on 112,008,000 shares[3]. - The cash dividend distribution accounted for 100% of the total profit distribution amount[186]. - The company achieved a net profit of RMB 83,015,159.39 for the year 2021, with a distributable profit of RMB 74,713,643.45 after statutory surplus reserves[188]. - The total undistributed profit of the parent company as of December 31, 2021, was RMB 158,454,864.05, with a capital reserve of RMB 568,933,312.90[188]. - The company plans to increase its total share capital to 156,811,200 shares by distributing 4 additional shares for every 10 shares held, using capital reserves[189]. Research and Development - The company has a strong R&D team with expertise in material modification, product design, and application evaluation, contributing to its leading position in the industry[70]. - The company is committed to continuous innovation, developing new materials and technologies to meet the evolving demands of integrated defense systems[65]. - The company has implemented a strategy of "small core, large collaboration," leveraging market-oriented division of labor to provide high-quality products and services[34]. - The company aims to improve its core competitiveness in specialized protective equipment through new material innovations and product upgrades[92]. - The company plans to increase R&D efforts to expand the application of high-performance engineering plastics in both defense and civilian sectors[43]. - The company has a dedicated R&D department that follows a structured process for project development, ensuring systematic innovation[60]. - R&D investment amounted to ¥10,218,911.38, accounting for 4.24% of operating revenue, a decrease from 4.63% in the previous year[93]. - The company is developing a new series of large-caliber ammunition packaging, which is expected to enhance product performance and contribute significantly to future revenue[90]. - The company is exploring different models and materials for shell production, with two types already in mass production, enhancing its capabilities in the ammunition sector[91]. Market and Industry Position - The company has been recognized as a national-level "Little Giant" enterprise and a champion enterprise in Hebei Province, indicating its strong position in the industry[34]. - The defense budget for 2022 is projected to grow by 7.1% compared to 2021, indicating a stable increase in military spending[28]. - The demand for informationized ammunition is expected to rise due to advancements in national security information construction[29]. - The company focuses on the research, development, and production of specialized protective devices and equipment components, serving as a core supplier in the defense equipment sector[34]. - The company has established long-term stable partnerships with various defense equipment research and manufacturing units, contributing to the combat readiness of military forces[37]. - The company has expanded its business scope to include military logistics and military equipment-related operations, enhancing its competitiveness in military product research and production[38]. Governance and Compliance - The company has a governance structure that ensures independent operation from its controlling shareholder, with no instances of fund occupation or guarantees provided to the controlling shareholder[141]. - The company held six shareholder meetings in 2021, ensuring compliance with regulations and providing online voting services for shareholders[141]. - The board of directors consists of 9 members, including 3 independent directors, and held 11 meetings during the reporting period[142]. - The supervisory board has 3 members, including 1 employee representative, and convened 7 meetings during the reporting period[143]. - The company has established independent financial and operational structures, ensuring clear asset ownership and management[145]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[142]. - The company actively engages with stakeholders to balance interests among shareholders, employees, and customers[143]. - The company has established specialized committees under the board to enhance decision-making processes[142]. Employee and Talent Management - The total number of employees at the end of the reporting period was 195, with 141 in the parent company and 54 in major subsidiaries[178]. - The professional composition includes 113 production personnel, 6 sales personnel, 32 technical personnel, 10 financial personnel, and 34 administrative personnel[178]. - The educational background of employees shows 13 with master's degrees or above, 49 with bachelor's degrees, 25 with associate degrees, and 108 with vocational or lower education[178]. - The company emphasizes talent development through a comprehensive training program that includes both internal and external training[181]. - New employees undergo orientation training covering company policies, safety, and quality management standards[182]. - The company conducts ongoing business training for employees to enhance their skills and knowledge relevant to their positions[182]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[3]. - The report includes a detailed discussion on potential operational risks and corresponding countermeasures[3]. - The company faces risks related to national security leaks, core technical personnel turnover, and maintaining technological advancement[131][132]. - The company is addressing high customer concentration risks by diversifying its product offerings and expanding into new markets[133]. - The company has established stable relationships with upstream suppliers, allowing it to secure favorable procurement prices and mitigate raw material price fluctuation risks[134]. - The company has implemented measures to manage accounts receivable risks, including credit assessments and regular communication with clients[135]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities, with total emissions of 2.74 tons/year for total hydrocarbons and 0.226 tons/year for particulate matter[199]. - The company employs VOC purification equipment to manage volatile organic compound emissions, ensuring compliance with environmental standards[199].

Financial Performance - The company's operating revenue for Q3 2021 was ¥45,625,958.35, a decrease of 21.14% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥16,080,716.10, an increase of 6.52% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥14,261,579.07, a decrease of 1.56% compared to the same period last year[4] - The company's basic earnings per share for Q3 2021 was ¥0.14, down 22.22% year-on-year[4] - The weighted average return on equity was 1.90%, a decrease of 1.88% compared to the same period last year[4] - Total operating revenue for Q3 2021 was CNY 155,021,750.83, an increase of 1.7% compared to CNY 152,725,476.05 in the same period last year[25] - Net profit for Q3 2021 reached CNY 56,723,438.11, up 32.0% from CNY 42,970,045.55 in Q3 2020[26] - Earnings per share remained stable at CNY 0.51 for both Q3 2021 and Q3 2020[27] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥68,077,962.73, representing a significant increase of 256.24%[4] - The net cash flow from operating activities for Q3 2021 was ¥68,077,962.73, a significant increase from ¥19,110,123.73 in Q3 2020, representing a growth of approximately 256%[30] - The total cash outflow from investment activities was ¥525,871,373.88, compared to ¥281,034,194.68 in the same period last year, indicating an increase of about 87%[30] - The net cash flow from investment activities was -¥279,492,719.84, a decline from -¥7,093,118.68 year-over-year, reflecting a worsening investment position[30] - The total cash inflow from investment activities was ¥246,378,654.04, down from ¥273,941,076.00 in the previous year, indicating a decrease of about 10%[30] - The company reported a total cash outflow from operating activities of ¥114,693,249.17, which increased from ¥100,840,958.91 in Q3 2020, marking an increase of approximately 14%[30] - The company experienced a net decrease in cash and cash equivalents of -¥258,952,532.33 during the quarter, contrasting with a net increase of ¥11,519,351.77 in the same quarter last year[30] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥890,985,346.93, a slight decrease of 0.10% from the previous year-end[5] - The total assets as of the end of Q3 2021 were CNY 890,985,346.93, a slight decrease from CNY 891,879,354.57 at the end of the previous quarter[23] - Total liabilities decreased to CNY 37,683,480.56 from CNY 56,098,126.31, indicating a reduction of approximately 32.9%[23] - The company's non-current assets totaled CNY 154,093,446.82, an increase from CNY 104,630,471.75 in the previous period[23] - Deferred income tax assets rose to CNY 2,233,557.05 from CNY 1,879,801.87, reflecting an increase of 18.9%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,507[16] - The largest shareholder, Song Jinsuo, holds 34.69% of shares, totaling 38,855,900 shares[16] Inventory and Expenses - The company experienced a 32.60% increase in inventory, totaling ¥58,835,631.43, due to an increase in raw materials and finished goods[10] - The company’s inventory increased from ¥44,370,878.34 at the end of 2020 to ¥58,835,631.43 by September 30, 2021, an increase of approximately 32.5%[21] - The company’s fixed assets decreased from ¥79,231,998.79 at the end of 2020 to ¥75,893,331.14 by September 30, 2021, a decline of about 4.2%[21] - The company's financial expenses increased by 432.46% to -¥7,602,052.80, primarily due to increased bank deposit interest income[12] - Research and development expenses for Q3 2021 were CNY 7,242,661.97, slightly up from CNY 7,077,169.31 in Q3 2020[26] Corporate Actions - The company signed an investment cooperation agreement with the Qinhuangdao Economic and Technological Development Zone Management Committee on March 29, 2021[18] - The company is in the process of constructing the Tianqin Equipment Industrial Park as part of its investment cooperation agreement[18] - The company held its fifth extraordinary general meeting on October 18, 2021, to approve adjustments to fundraising investment projects[19] Other Information - The company's cash and cash equivalents decreased from ¥591,835,232.30 at the end of 2020 to ¥332,572,026.13 by September 30, 2021, a decline of approximately 43.8%[21] - Total current assets decreased from ¥787,248,882.82 at the end of 2020 to ¥736,891,900.11 by September 30, 2021, a decrease of about 6.4%[21] - The company reported an increase in other equity instrument investments from ¥5,000,000.00 to ¥19,000,000.00, representing a 280% increase[21] - The third-quarter report was not audited, which may affect the reliability of the financial data presented[33] - The company did not adjust the beginning balance of the balance sheet for the new leasing standards as there were no new leasing operations during the reporting period[32]

Financial Performance - The company's operating revenue for the reporting period was CNY 109,395,792.48, representing a 15.31% increase compared to CNY 94,871,283.25 in the same period last year[23]. - The net profit attributable to shareholders was CNY 40,642,722.01, a significant increase of 45.81% from CNY 27,873,779.52 year-on-year[23]. - The net cash flow from operating activities reached CNY 53,981,988.68, up 51.36% from CNY 35,664,687.58 in the previous year[23]. - The company's total assets at the end of the reporting period were CNY 870,608,623.34, a decrease of 2.38% from CNY 891,879,354.57 at the end of the previous year[23]. - The basic earnings per share rose to CNY 0.36, reflecting a 9.09% increase from CNY 0.33 in the previous year[23]. - The weighted average return on net assets decreased to 4.78%, down 2.59% from 7.37% in the previous year[23]. - Revenue from equipment components increased by 104.73% compared to the same period last year, contributing to an 8.83% rise in its share of total revenue[84]. - Operating costs increased by 10.73% to ¥62,150,819.72, primarily due to the rise in sales orders during the reporting period[95]. - The company's financial expenses decreased significantly by 439.61% to -¥5,299,898.48, mainly due to increased interest income from bank deposits[96]. - The income tax expense rose by 51.45% to ¥7,459,774.90, attributed to an increase in total profit during the reporting period[96]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the legal representative and accounting personnel[3]. - The company has not reported any significant changes in its registered address or contact information during the reporting period[17]. - The report includes a directory of documents available for public inspection, ensuring transparency[9]. - The company has established a comprehensive confidentiality management system to mitigate risks related to national secrets leakage[128]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[125][126]. - The company has not experienced any violations regarding external guarantees during the reporting period[168]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[177]. - The company reported no related party transactions during the reporting period[178]. - There were no significant guarantees or debts with related parties during the reporting period[179][180][185]. Research and Development - The company has developed over 20 types of high-performance engineering plastics for specialized protective devices, with applications in defense equipment, including over 70 types of ammunition packaging boxes and nearly 20 types of packaging tubes[35]. - The company plans to increase R&D efforts to expand the application of high-performance engineering plastics in both defense and civilian sectors, aiming to meet diverse market demands[36]. - The company holds 11 invention patents, 32 utility models, and 2 design patents, with 30 ongoing R&D projects[87]. - The company is focused on expanding its product lines in specialized metal components and new types of components to drive future profit growth[84]. - The company has a dedicated R&D department with a structured process that includes project validation, scheme validation, engineering development, and design finalization[67]. Market Position and Strategy - The company has established long-term stable partnerships with various defense equipment research and manufacturing units, contributing to military combat capabilities[30]. - The company is a leading player in the defense equipment protection sector, with significant contributions to national key ammunition protection projects and a strong technical foundation[70]. - The company has a competitive edge in high polymer material processing and application technology, leading the domestic market[70]. - The company actively participates in the formulation of national and industry standards, enhancing its influence in the defense sector[71]. - The company is positioned to benefit from favorable policies aimed at promoting the healthy and rapid development of the defense equipment support industry[74]. Environmental and Social Responsibility - The company has implemented VOC equipment to purify volatile waste gases, ensuring compliance with environmental standards[149]. - The company has conducted environmental impact assessments for construction projects in accordance with relevant laws and regulations[151]. - There were no administrative penalties due to environmental issues during the reporting period[155]. - The company has established a self-monitoring plan for environmental indicators, with all monitoring results meeting standards[154]. Shareholder Information - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The total number of shares after the recent changes is 112,008,000, with 75.00% being limited shares and 25.00% being unrestricted shares[195]. - The largest shareholder, Song Jinsuo, holds 38,855,900 shares, which remains unchanged and is subject to a lock-up period until December 25, 2023[199]. - The company completed its initial public offering (IPO) of 28,002,000 shares on December 25, 2020, listed on the Shenzhen Stock Exchange[195]. - The company has a total of 85,451,731 limited shares before the recent changes, which decreased to 84,006,000 after adjustments[200].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 41,088,372.60, representing a 40.34% increase compared to CNY 29,278,553.71 in the same period last year[7]. - Net profit attributable to shareholders was CNY 15,643,279.25, a significant increase of 107.63% from CNY 7,534,365.99 year-on-year[7]. - The net profit after deducting non-recurring gains and losses reached CNY 13,911,637.12, up 124.90% from CNY 6,185,622.50 in the previous year[7]. - Basic earnings per share increased to CNY 0.14, a rise of 55.56% from CNY 0.09 in the same period last year[7]. - The total profit for Q1 2021 was CNY 18,575,773.16, compared to CNY 8,866,417.93 in Q1 2020, marking a substantial growth[48]. - The company's retained earnings increased from CNY 127,351,061.91 to CNY 142,994,341.16, a growth of approximately 12.5%[42]. - The company reported a credit impairment loss of CNY 2,917,860.70, an increase from CNY 1,644,803.63 in the previous year, indicating potential challenges in asset quality[48]. Cash Flow - The net cash flow from operating activities was CNY 38,343,499.76, reflecting a 57.80% increase compared to CNY 24,299,416.77 in the same period last year[7]. - The company achieved a net cash inflow from operating activities of CNY 69,374,580.02, compared to CNY 49,170,659.41 in the previous year, indicating strong cash generation capabilities[54]. - Total cash inflow from operating activities was CNY 75,143,484.89, up from CNY 53,235,411.54, reflecting a growth of 41% year-over-year[55]. - Cash outflow from operating activities totaled CNY 36,799,985.13, compared to CNY 28,935,994.77, representing a 27% increase[55]. - The company reported a net cash flow from investment activities of -CNY 219,727,364.00, significantly lower than -CNY 5,561,643.87 in the previous year[55]. - The ending balance of cash and cash equivalents was CNY 402,980,694.22, down from CNY 591,524,558.46 at the beginning of the period, reflecting a decrease of 32%[56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 883,396,415.49, a decrease of 0.95% from CNY 891,879,354.57 at the end of the previous year[7]. - The total current assets were RMB 779.92 million, slightly down from RMB 787.25 million at the end of 2020, indicating a decrease of 0.4%[40]. - Non-current liabilities totaled CNY 4,429,182.90, an increase from CNY 3,874,342.96, reflecting a rise of approximately 14.3%[42]. - The total amount of accounts receivable decreased by 37.58% to 47,045,593.40 yuan, primarily due to the recovery of receivables from the previous year[15]. - Accounts payable decreased significantly from CNY 27,762,121.22 to CNY 16,398,377.50, a reduction of approximately 41.5%[41]. Government Subsidies and Taxation - The company received government subsidies amounting to CNY 2,037,226.03, with a net impact of CNY 1,731,642.13 after tax effects[8]. - The company reported a 120.15% increase in income tax expenses, totaling 2,932,493.91 yuan, due to higher operating profits[16]. - The company has received high-tech enterprise certification, allowing it to benefit from a reduced corporate income tax rate of 15% from 2018 to 2020[25]. - The company is closely monitoring changes in tax policies and actively developing new products to enhance innovation and profitability[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,546[11]. - The largest shareholder, Song Jinshuo, holds 34.69% of the shares, totaling 38,855,900 shares[11]. Research and Development - Research and development expenses amounted to CNY 2,092,700.45, up from CNY 1,890,259.46, indicating a focus on innovation[48]. - The company is actively expanding into new military and civilian markets, focusing on R&D for new products, including intelligent military protection devices[22]. Risks and Strategic Initiatives - The company faced risks related to the potential loss of core technical personnel, which could impact its competitive edge in the defense equipment sector[21]. - The company is actively pursuing new projects and products to maintain its technological leadership and mitigate risks associated with high customer concentration in the defense industry[21]. - The company has established stable cooperation with domestic military clients, becoming a preferred supplier, which minimizes the risk of customer turnover and loss[22]. - The company has a risk of losing necessary licenses for defense equipment production, which requires ongoing certification and renewal[28].