Financial Performance - The company's revenue for Q3 2022 was ¥79,255,411.23, a decrease of 37.21% compared to the same period last year[4] - Net profit attributable to shareholders was ¥18,451,171.82, down 19.81% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥15,196,546.47, a decline of 31.53% compared to the previous year[4] - Total operating revenue for Q3 2022 was ¥292,559,778.04, a decrease of 26.0% compared to ¥395,030,205.11 in the same period last year[17] - Net profit for Q3 2022 was ¥70,487,659.16, representing a slight increase of 1.4% from ¥69,538,956.52 in Q3 2021[18] - Basic and diluted earnings per share for Q3 2022 were both ¥0.70, down from ¥0.72 in Q3 2021[18] Cash Flow and Assets - The operating cash flow net amount for the year-to-date was ¥101,779,380.43, an increase of 206.31%[4] - Cash and cash equivalents increased to ¥242,530,045.89 from ¥38,915,967.70 at the beginning of the year[14] - Cash and cash equivalents at the end of the period reached ¥242,530,045.89, up from ¥44,924,160.47 at the end of Q3 2021[22] - Investment activities generated a net cash flow of ¥111,834,697.76, a turnaround from a negative cash flow of ¥287,450,690.35 in the same period last year[20] Income and Expenses - Other income increased to ¥9,886,080.75, compared to ¥3,571,847.27 in the same period last year, reflecting a growth of 176.5%[17] - The company received government subsidies amounting to ¥5,290,680.75 year-to-date, contributing to other income growth[5] - Investment income for the year-to-date was ¥12,691,121.97, a substantial increase of 217.47%[8] - Investment income rose significantly to ¥12,691,121.97, up from ¥3,997,549.73 year-on-year, marking an increase of 216.5%[20] - Total operating costs decreased to ¥233,509,048.31, down 27.3% from ¥321,113,552.57 year-on-year[17] - The company reported a decrease in sales expenses to ¥1,140,320.99, down 48.8% from ¥2,223,876.00 in the previous year[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,920[10] - Major shareholder Wang Zhirong holds 57.28% of shares, totaling 57,281,250 shares[10] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥814,444,124.47, representing a 4.85% increase from the end of the previous year[4] - Total assets as of September 30, 2022, amount to ¥814,444,124.47, an increase from ¥776,791,061.45 at the beginning of the year[15] - Total liabilities decreased to ¥35,550,100.75 from ¥58,370,079.99 at the beginning of the year[15] - The company's retained earnings increased to ¥260,202,086.74 from ¥199,714,427.58 at the beginning of the year[15] - Non-current assets totaled ¥303,433,315.62, up from ¥179,325,871.01 at the beginning of the year[14] Strategic Initiatives - The company is exploring new strategies for market expansion and product development[12] - The company reported a significant increase in construction in progress, totaling ¥165,778,987.52, up 133.12% due to investments in new facilities and equipment[7]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥213,304,366.81, a decrease of 20.65% compared to ¥268,808,973.01 in the same period last year[20]. - Net profit attributable to shareholders was ¥52,036,487.34, an increase of 11.84% from ¥46,529,169.24 in the previous year[21]. - The net cash flow from operating activities reached ¥89,701,962.14, a significant increase of 260.90% compared to ¥24,854,936.20 in the same period last year[21]. - Basic earnings per share rose to ¥0.52, up 6.12% from ¥0.49 in the previous year[21]. - Total assets at the end of the reporting period were ¥798,761,696.79, reflecting a growth of 2.83% from ¥776,791,061.45 at the end of the previous year[21]. - Net assets attributable to shareholders increased by 5.85% to ¥760,456,105.01 from ¥718,420,981.46 at the end of the previous year[21]. - The company reported a decrease of 6.62% in net profit after deducting non-recurring gains and losses, totaling ¥41,129,408.58 compared to ¥44,044,306.84 in the previous year[21]. - The weighted average return on net assets was 7.01%, down from 7.67% in the previous year, a decrease of 0.66%[21]. Investment and R&D - The company has invested in advanced research and development, holding 23 patents, including 5 invention patents, to enhance its technological capabilities[48]. - Research and development expenses increased by 8.77% to ¥8,148,466.18, indicating a continued investment in innovation[60]. - The company has been recognized as a provincial high-tech enterprise research and development center, highlighting its commitment to innovation[43]. - The company has achieved significant technological advancements, with some mid-to-high-end products meeting international standards[33]. - The company plans to invest in new product development and market expansion strategies to drive future growth[196]. Market Position and Strategy - The main business of the company focuses on high-quality iron-based powder, which is a key material in the "Made in China 2025" initiative[33]. - The iron-based powder industry is experiencing rapid growth, with the company being a leader in the domestic market, serving well-known clients such as Mercedes-Benz, BMW, and BYD[32]. - The company’s products are increasingly applied in new technologies such as injection molding and 3D printing, expanding their market reach[32]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[117]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[196]. Operational Efficiency - The company has established a comprehensive production management system to ensure product quality and operational efficiency[40]. - The company has implemented strategies to enhance operational efficiency and reduce costs, contributing to improved margins[196]. - The company’s production model combines sales-driven production with safety stock management to align with market demand[39]. - The company has developed high-compression pure iron powder (300WG), diffusion alloy steel powder (2300WA, 2300WB), and sintered hardening powder (5300WA), achieving performance levels comparable to advanced domestic and international standards, enabling import substitution[50]. Environmental and Social Responsibility - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks[4]. - The company has a strong focus on environmental sustainability, with minimal solid waste generated during the production process[40]. - The company utilizes waste metal as raw materials, transforming them into high-value manufacturing materials through advanced processes, contributing to resource recycling and environmental protection[33]. - The company has not faced any environmental penalties during the reporting period and adheres to environmental protection regulations[106]. - The company has donated 10,000 CNY in teaching supplies to a local kindergarten as part of its social responsibility initiatives[113]. Shareholder Engagement and Profit Distribution - The company has maintained a 75% participation rate in its shareholder meetings, indicating strong investor engagement[100]. - The company has committed to a stable profit distribution policy, emphasizing reasonable returns for investors while ensuring sustainable operations[124]. - Cash dividends will be prioritized, with the company planning to distribute dividends annually after the shareholders' meeting, contingent on profitability and cash flow[124]. - The company has allocated CNY 10,000,000.00 for profit distribution to shareholders during the reporting period[190]. Risks and Challenges - The company faces market demand fluctuation risks, particularly in the powder metallurgy sector, which is still in its early stages of development[91]. - The company is exposed to raw material price fluctuation risks, primarily due to the reliance on scrap steel prices[92]. - The company is facing implementation risks for new projects due to high technical and market entry barriers, but it aims to leverage existing advantages to mitigate these risks[97]. Financial Stability - The total liabilities decreased to CNY 38,305,591.78 from CNY 58,370,079.99, indicating improved financial stability[175]. - The ending balance of cash and cash equivalents was CNY 73,032,750.12, compared to CNY 29,158,254.83 at the end of the first half of 2021, representing an increase of approximately 150%[183]. - The company has maintained a strong cash position with a balance of approximately 139.82 million at the end of the reporting period[195].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥213,304,366.81, a decrease of 20.65% compared to ¥268,808,973.01 in the same period last year[20]. - Net profit attributable to shareholders was ¥52,036,487.34, an increase of 11.84% from ¥46,529,169.24 in the previous year[21]. - The net cash flow from operating activities reached ¥89,701,962.14, a significant increase of 260.90% compared to ¥24,854,936.20 in the same period last year[21]. - Basic earnings per share were ¥0.52, up 6.12% from ¥0.49 in the previous year[21]. - Total assets at the end of the reporting period were ¥798,761,696.79, reflecting a growth of 2.83% from ¥776,791,061.45 at the end of the previous year[21]. - Net assets attributable to shareholders increased by 5.85% to ¥760,456,105.01 from ¥718,420,981.46 at the end of the previous year[21]. - The weighted average return on net assets decreased to 7.01% from 7.67% in the previous year, a decline of 0.66%[21]. - The company reported a significant reduction in sales expenses by 59.28% to ¥707,765.61, attributed to decreased travel and business entertainment costs due to the pandemic[58]. - The company reported a total comprehensive income of CNY 52,036,487.34 for the first half of 2022, indicating a significant increase in profitability compared to previous periods[186]. Investment and R&D - The company invested in research and development, with a focus on customer-driven and cutting-edge technology, enhancing its technical reserves for future market expansion[42][43]. - The company has invested ¥524,341,882.40 during the reporting period, reflecting a 22.25% increase compared to the previous year[68]. - Research and development expenses increased by 8.77% to ¥8,148,466.18, indicating a continued focus on innovation[58]. - The company has committed to increasing R&D investment to enhance product quality and after-sales service[88]. - The company plans to invest in a project to produce 20,000 tons of high-end metal soft magnetic powder, utilizing 64 acres of land and new production equipment[146]. Market Position and Products - The company specializes in high-performance iron-based powder, which is widely used in various industries including automotive and home appliances[32]. - The company has established itself as a leader in the domestic iron-based powder industry, serving major clients such as Mercedes-Benz, BMW, and BYD[32]. - The company’s products include high-performance pure iron powder and alloy steel powder, with specific properties such as oxygen content ≤0.15 wt% and compressibility ≥7.12 g/cm³[33]. - The market for iron-based powder is expected to expand significantly due to increasing applications in aerospace, high-end equipment, and medical devices[31]. - The company has developed high-compression pure iron powder (300WG), diffusion alloy steel powder (2300WA, 2300WB), and sintered hardening powder (5300WA), which can replace imports and are widely used in high-density and high-strength sintered products[49]. Financial Management and Cash Flow - The net increase in cash and cash equivalents was ¥34,116,782.42, a remarkable increase of 1,786.23% compared to the previous year[58]. - The company reported a significant increase in bank deposits with Zhejiang Jiande Rural Commercial Bank, ending the period with a balance of ¥54,206,314.60 after deposits of ¥557,538,863.08[138]. - The company generated RMB 691.99 million in idle raised funds investment income during the reporting period, with a cumulative income of RMB 1,026.20 million[77]. - The cash flow from investment activities was negative at CNY -45,585,179.72, an improvement from CNY -294,843,494.36 in the first half of 2021[182]. - The ending balance of cash and cash equivalents was CNY 73,032,750.12, compared to CNY 29,158,254.83 at the end of the first half of 2021, marking an increase of approximately 150%[181]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[99]. - The company held three shareholder meetings during the reporting period, with a participation rate of 75.00% for each meeting[97]. - The company has not reported any significant changes in the feasibility of its projects[78]. - The company has committed to fulfilling its obligations regarding share buybacks from cash dividends if necessary[117]. - The company will ensure compliance with relevant laws and regulations regarding share repurchases and stock reductions[113]. Risks and Challenges - The company has faced risks that are detailed in the report, which investors should carefully consider[4]. - The company is exposed to raw material price volatility, particularly for scrap steel, which could pressure profit margins[89]. - The company faces risks from market demand fluctuations, particularly in the transportation and home appliance sectors, which could impact revenue[88]. - The company emphasizes the importance of retaining technical talent to maintain its innovation capabilities in the powder metallurgy industry[90]. Corporate Social Responsibility - The company emphasizes environmental protection and operates as a waste resource comprehensive utilization enterprise, converting waste metals into high-value manufacturing materials[109]. - The company donated a total of 10,000 yuan in teaching supplies to a local kindergarten during the reporting period[110].

Financial Performance - The company's revenue for Q1 2022 was ¥106,113,723.92, a decrease of 11.97% compared to ¥120,536,450.33 in the same period last year[3] - Net profit attributable to shareholders increased by 45.76% to ¥27,162,853.44 from ¥18,635,438.53 year-on-year[3] - Basic and diluted earnings per share rose by 42.11% to ¥0.27 from ¥0.19 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 106,113,723.92, a decrease of 11.95% compared to CNY 120,536,450.33 in the same period last year[20] - Net profit for Q1 2022 reached CNY 27,162,853.44, representing a 45.91% increase from CNY 18,635,438.53 in Q1 2021[21] - Earnings per share for Q1 2022 was CNY 0.27, up from CNY 0.19 in the same quarter last year[22] Cash Flow and Investments - The net cash flow from operating activities surged by 888.62% to ¥30,246,954.67, compared to ¥3,059,498.77 in the previous year[3] - Total cash inflow from investment activities was CNY 282,212,220.97, compared to CNY 46,359.98 in the previous year, indicating a substantial increase[25] - The net cash flow from financing activities was CNY 277,965,540.68, reflecting a strong financing position compared to the previous year's outflow[26] - The total cash and cash equivalents at the end of Q1 2022 amounted to CNY 82,577,130.06, up from CNY 25,341,634.82 at the end of Q1 2021, marking an increase of approximately 226%[26] - Cash outflow for purchasing fixed assets and other long-term assets was CNY 24,798,013.28, compared to CNY 9,331,477.42 in the previous year, indicating increased investment in assets[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥780,397,342.35, reflecting a slight increase of 0.46% from ¥776,791,061.45 at the end of the previous year[3] - Total liabilities for Q1 2022 were CNY 34,741,304.09, down from CNY 58,370,079.99 in the same period last year[18] - The total amount of current assets decreased to ¥559,283,224.65 from ¥597,465,190.44, a decline of 6.4%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,989[10] - The largest shareholder, Wang Zhirong, holds 57.28% of shares, totaling 57,281,250 shares[10] - The number of restricted shares at the end of the period is 70,500,000, down from 75,000,000 due to the release of 4,500,000 shares[13] Research and Development - Research and development expenses for Q1 2022 amounted to CNY 3,937,960.23, compared to CNY 3,440,264.68 in Q1 2021, indicating an increase of 14.48%[21] Operational Activities - Cash received from sales of goods and services increased by 31.11% to ¥139,539,623.45 compared to ¥106,425,670.45 in the previous year[7] - The company experienced a 203.86% increase in prepayments, totaling ¥1,114,035.99 due to significant investments in ongoing projects[6] - The company paid CNY 7,513,327.60 to employees, which is an increase from CNY 5,356,843.36 in Q1 2021, reflecting a growth in employee compensation[25] Audit Information - The company did not undergo any audit for the quarterly report, indicating that the financial data is unaudited[3] - The company did not conduct an audit for the Q1 2022 report, which may affect the reliability of the financial data presented[27] Future Plans - The company is investing in a project to produce 20,000 clean energy equipment key components annually, utilizing 164.25 acres of industrial land[14] - The company plans to enhance production capabilities for large-scale clean energy components, including wind turbine shafts and hydrogen storage vessels[14] Investment Income - The company reported a significant increase in investment income, which rose by 13,298.75% to ¥6,211,656.61 from ¥46,359.98 year-on-year[7] - The company reported a significant increase in investment income of CNY 6,211,656.61 in Q1 2022, compared to CNY 46,359.98 in the same period last year[21]

Financial Performance - The company's operating revenue for 2021 was ¥521,969,563.39, representing a 53.82% increase compared to ¥339,338,815.92 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥96,198,213.45, up 51.04% from ¥63,691,395.36 in 2020[21]. - The net cash flow from operating activities increased by 134.14% to ¥57,299,908.13 in 2021, compared to ¥24,472,615.13 in 2020[21]. - The total assets at the end of 2021 reached ¥776,791,061.45, a 95.11% increase from ¥398,130,724.12 at the end of 2020[21]. - The net assets attributable to shareholders increased by 104.26% to ¥718,420,981.46 at the end of 2021, compared to ¥351,718,709.23 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥0.98, reflecting a 15.29% increase from ¥0.85 in 2020[21]. - The company reported a total investment income of ¥4,997,833.43, accounting for 4.58% of total profit[90]. - The company achieved a significant increase in cash and cash equivalents, with a net increase of 127.70% to ¥7,734,449.82 in 2021[88]. - The company's total revenue for 2021 reached CNY 521,610,085.54, representing a year-on-year increase of 54.07%[73]. Market Position and Product Development - The company is involved in the production of metal powders, including iron-based and copper-based powders, which are essential for various applications in powder metallurgy[14]. - The company has established a strong presence in the domestic market for metal powders, competing with major manufacturers such as Ansteel and Shandong Luyin[13]. - The company is focused on expanding its market share through new product development and technological advancements in powder metallurgy processes[14]. - The company has a diverse product range, including high-performance pure iron powder, alloy steel powder, and iron powder for additives, widely used in various industries such as automotive and home appliances[33]. - The company has developed advanced processing techniques, achieving high purity levels in its products, such as ≤0.10 wt% oxygen content in ultra-high purity iron powder[34]. - The company is actively expanding its product offerings in high-end niche markets, focusing on 3D printing metal powders and advanced alloy materials[83]. - The company is targeting a market share increase by improving product quality and expanding its marketing network, particularly in high-end markets[115]. Research and Development - The company has invested significantly in R&D, with a focus on customer demand-oriented R&D and cutting-edge technology development, enhancing its technological reserves for future market entry[46][47]. - The company has developed 19 patents, including 5 invention patents, which support its capabilities in high-performance powder metallurgy products and break foreign technology barriers[51][52]. - The company has a dedicated R&D team of 39 members, including professionals with advanced degrees and significant industry experience, enhancing its innovation capabilities[56]. - The company reported a significant increase in R&D expenses, totaling CNY 17,780,167.46, a rise of 47.40% due to hiring high-tech R&D personnel and new product development[82]. - The number of R&D personnel increased by 8.33% from 36 in 2020 to 39 in 2021[84]. Corporate Governance - The company adheres to legal and regulatory requirements to ensure proper governance and decision-making processes, enhancing overall governance levels[126]. - The company has established a board of directors with 7 members, including 3 independent directors, ensuring compliance with legal requirements and promoting effective governance[130]. - The supervisory board consists of 3 members, including 1 employee supervisor, fulfilling legal obligations and enhancing oversight of the company's operations[131]. - The company has developed a comprehensive internal control system to ensure the normal operation of business activities, continuously improving governance levels[133]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, institutions, and business operations[136]. Risk Management - The company has outlined potential risks in its future operations, which investors should be aware of[6]. - The company faces market demand fluctuation risks for existing products, particularly in the transportation, home appliance, electric tool, and engineering machinery sectors, which are significantly influenced by macroeconomic conditions and consumer confidence[118]. - The company is exposed to competition risks in the clean energy equipment key components market, as the industry is experiencing rapid development and increasing competition due to rising global investments in clean energy[119]. - The company's raw material prices, primarily based on scrap steel, are subject to market fluctuations, which could lead to significant cost pressures and impact profit margins[120]. - Innovation risks are present due to the evolving requirements for metal powder materials in downstream applications, which may lead to misalignment between R&D directions and market demands[121]. Social Responsibility - A total of RMB 161.5 million was donated to social welfare initiatives, including RMB 150 million to support education in the local community[193]. - The company established a partnership with Zhengdou Village to support rural revitalization, raising RMB 50,000 for this initiative[194]. Employee Engagement - The company has implemented an employee stock ownership plan since August 2018, which has significantly boosted employee motivation and engagement[62]. - The company invests significant resources annually in training programs to enhance employee capabilities and meet future strategic requirements[170]. - The total number of employees at the end of the reporting period is 193, with 120 in production, 39 in technical roles, 20 in administration, 7 in finance, 6 in sales, and 1 in other categories[168]. Dividend Distribution - The company reported a cash dividend of 1.00 RMB per 10 shares for all shareholders, based on a total of 100,000,000 shares[6]. - The total distributable profit as of December 31, 2021, is 199,714,427.58 yuan, with the cash dividend accounting for 100% of the profit distribution[174][175]. - The company has no plans for stock dividends or capital reserve transfers in the current profit distribution proposal[172][176].

杭州屹通新材料股份有限公司 2021 年第三季度报告 证券代码：300930 证券简称：屹通新材 公告编号：2021-057 杭州屹通新材料股份有限公司 2021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。 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.第三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 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 126,221,232.10 | 31.88% | 395,030,205.11 | 72.00 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥268,808,973.01, representing a 100.67% increase compared to ¥133,956,604.17 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached ¥46,529,169.24, an increase of 84.08% from ¥25,276,639.46 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥44,044,306.84, up 76.63% from ¥24,935,398.72 year-on-year[21]. - The basic earnings per share increased by 44.12% to ¥0.49 from ¥0.34 in the same period last year[21]. - The company's operating revenue for the reporting period reached ¥268,808,973.01, a 100.67% increase compared to ¥133,956,604.17 in the same period last year, primarily due to increased production and sales volume[64]. - The company's revenue reached ¥268,594,070.39, representing a year-on-year increase of 101.20%[66]. - The gross profit margin was 23.56%, a decrease of 1.61% compared to the previous year[66]. - High-performance pure iron powder sales amounted to ¥159,093,987.44, with a year-on-year growth of 115.49%[66]. - Alloy steel powder revenue was ¥71,632,662.41, reflecting a year-on-year increase of 65.95%[66]. - The company reported a total profit of ¥53,109,991.67 for the first half of 2021, an increase of 87.6% from ¥28,336,819.00 in the same period of 2020[166]. Assets and Liabilities - Total assets at the end of the reporting period were ¥709,298,797.68, a growth of 78.16% compared to ¥398,130,724.12 at the end of the previous year[21]. - The total equity rose to ¥668,684,685.97, compared to ¥351,718,709.23 in the previous year, an increase of 90.0%[163]. - Total liabilities decreased to ¥40,614,111.71 from ¥46,412,014.89, a reduction of 12.4%[163]. - The company's cash and cash equivalents decreased by 3.72% to ¥29,158,254.83 compared to the end of the previous year[70]. - Accounts receivable increased by 45.69% to ¥42,619,865.73, attributed to higher sales volume[70]. - Inventory decreased by 33.08% to ¥20,579,090.49, indicating reduced stock levels due to increased sales[70]. Research and Development - The company has a strong focus on R&D, with a state-level high-tech enterprise research center and provincial enterprise research institute, emphasizing customer-driven and cutting-edge technology development[43]. - The company has increased R&D investment to enhance its core competitiveness, focusing on high-performance and high-quality products to attract more downstream customers[46]. - Research and development expenses for the first half of 2021 were ¥7,491,429.12, compared to ¥5,070,346.88 in the previous year, indicating a year-over-year increase of 47.8%[166]. - The company has 18 patents, including 5 invention patents, and has developed key technologies such as "high-pressure water atomization" and "stable sintering size change control," which break foreign technology barriers[51]. - The company invested in advanced R&D equipment, including a scanning electron microscope and plasma spectrometer, to improve its research capabilities[56]. Market Position and Strategy - The company specializes in high-quality iron-based powder, transforming waste metals into high-value manufacturing materials, contributing to energy conservation and emission reduction[29]. - The company has established itself as a leader in the domestic iron-based powder industry, serving well-known clients like Mercedes-Benz, BMW, and BYD[29]. - The company has developed a range of products including high-performance pure iron powder and alloy steel powder, which are widely used in industries such as automotive and home appliances[30]. - The company has established strong customer relationships through personalized products and services, maintaining existing clients while expanding its customer base[40]. - The iron-based powder industry has broad market potential, with applications in various sectors including transportation, home appliances, and medical devices, driven by advancements in powder metallurgy technology[49]. Investment and Financing - The company reported a net cash flow from financing activities of ¥267,965,100.18, a significant increase of 954.15% compared to -¥31,372,287.41 in the previous year, attributed to the inflow of funds from its IPO[64]. - The company has invested a total of 470.69 million CNY in projects, including a new material manufacturing project with an annual capacity of 70,000 tons[94]. - The company plans to use up to RMB 20,000 million of its own funds and RMB 28,000 million of temporarily idle raised funds for cash management, effective for 12 months from the shareholders' meeting approval[82]. - The company completed its initial public offering (IPO) of 25,000,000 shares, increasing total shares from 75,000,000 to 100,000,000[139]. - The total amount of raised funds is RMB 28,043.39 million, with RMB 994.96 million invested during the reporting period and a cumulative investment of RMB 3,963.37 million[78]. Operational Management - The company employs a production management model that combines sales-driven production with safety stock, ensuring efficient production planning based on market demand[38]. - The company has established a complete production management system, ensuring stable production operations through strict monitoring of raw material composition and process parameters[39]. - The company has implemented strict quality control measures during the procurement and production processes, including the use of spectrometers for raw material testing[36]. - The company has a well-structured management system and quality control framework, certified by ISO9001 and IATF16949, ensuring efficient production and quality assurance[60]. Risks and Challenges - The company faces market demand fluctuation risks due to reliance on industries like transportation and home appliances, which are sensitive to macroeconomic conditions[90]. - The main raw material is scrap steel, and fluctuations in its price could significantly impact the company's profit margins[92]. - The company has maintained a low turnover rate among technical personnel, but faces risks due to increasing market demand for skilled workers in the powder metallurgy industry[93]. - To mitigate talent loss, the company is focusing on improving corporate culture and establishing mechanisms for attracting and retaining high-level talent[93]. Corporate Governance - The company has not reported any major asset or equity sales during the reporting period[88][89]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[100]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[86][87]. - The financial report for the first half of 2021 was not audited[158]. - The company has not issued any preferred shares during the reporting period[153].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 268,808,973.01, representing a 100.67% increase compared to CNY 133,956,604.17 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 46,529,169.24, an increase of 84.08% from CNY 25,276,639.46 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 44,044,306.84, up 76.63% from CNY 24,935,398.72 year-on-year[22]. - The basic earnings per share increased by 44.12% to CNY 0.49 from CNY 0.34 in the same period last year[22]. - The company's revenue for the reporting period reached ¥268,808,973.01, a 100.67% increase compared to ¥133,956,604.17 in the previous year, primarily due to increased production and sales volume[66]. - The company's net profit for the first half of 2021 was CNY 46,529,169.24, representing an increase of 84.2% from CNY 25,276,639.46 in the first half of 2020[169]. - The total comprehensive income of CNY 46,529,169.24 for the first half of 2021, compared to CNY 25,276,639.46 in the previous year, an increase of 84.2%[169]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 709,298,797.68, a 78.16% increase from CNY 398,130,724.12 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 90.12% to CNY 668,684,685.97 from CNY 351,718,709.23 at the end of the previous year[22]. - Total liabilities decreased to CNY 40,614,111.71 from CNY 46,412,014.89, a reduction of 12.5%[165]. - The total amount of raised funds is RMB 28,043.39 million, with RMB 994.96 million invested during the reporting period and a cumulative investment of RMB 3,963.37 million[80]. Cash Flow - The net cash flow from operating activities was CNY 24,854,936.20, reflecting an 8.04% increase compared to CNY 23,004,405.55 in the same period last year[22]. - The cash inflow from operating activities for the first half of 2021 was approximately ¥251.52 million, a significant increase from ¥164.09 million in the same period of 2020, representing a growth of 53.3%[172]. - The cash outflow from investment activities in the first half of 2021 was ¥376.37 million, a substantial rise from ¥7.30 million in the same period of 2020, leading to a net cash flow from investment activities of -¥294.84 million[174]. - The net cash flow from financing activities in the first half of 2021 was ¥267.97 million, a recovery from a net outflow of -¥31.37 million in the same period of 2020[176]. Research and Development - The company has a strong focus on technology innovation and new product development, with a research and development platform recognized as a provincial high-tech enterprise research center in 2012 and a provincial enterprise research institute in 2020[45]. - The company has increased its R&D investment to enhance its core competitiveness, focusing on high-performance, high-quality products and services to attract more downstream customers[48]. - Research and development expenses increased to CNY 7,491,429.12, a rise of 47.8% compared to CNY 5,070,346.88 in the first half of 2020[168]. - The company has a well-rounded R&D team with 36 technical personnel, including 2 PhD holders and 3 senior engineers, enhancing its innovation capabilities[57]. Market and Products - The company specializes in high-quality iron-based powder, transforming waste metals into high-value manufacturing materials[30]. - The main products include high-performance pure iron powder and alloy steel powder, widely used in automotive and electrical industries[31]. - The iron-based powder industry is crucial for manufacturing, with applications in various sectors including transportation, home appliances, and medical devices, indicating a broad market potential[51]. - The company has developed high-compression pure iron powder and diffusion alloy steel powder, which can replace imports and are widely used in high-density and high-strength sintered parts[55]. Corporate Governance and Compliance - The company has not reported any significant changes in its registered status or contact information during the reporting period[21]. - The company has maintained a good reputation and stable financial performance, ensuring the protection of creditor interests[110]. - The company strictly adheres to environmental regulations and has not faced any penalties related to environmental issues during the reporting period[106]. - There were no significant litigation or arbitration matters during the reporting period[122]. Shareholder Information - The company completed its initial public offering (IPO) of 25,000,000 shares, increasing total shares from 75,000,000 to 100,000,000[141]. - As of the end of the reporting period, the total number of ordinary shareholders was 17,026, with the largest shareholder holding 57.28% of the shares[147]. - The largest shareholder, Wang Zhirong, holds 57,281,250 shares, while the second-largest shareholder, Wang Zhichun, holds 13,218,750 shares[147]. Investment and Projects - The company plans to invest in the "upgrade and transformation project for an annual production of 130,000 tons of iron and copper-based new materials," which includes relocating the existing 80,000-ton capacity to a new production base in Huatang District[138]. - The annual production project for 70,000 tons of imported substitute iron and copper-based new materials has a commitment investment of RMB 40,407.97 million, with only 14.49% of the expected progress achieved[83]. - The company has not encountered any major changes in project feasibility or significant delays in expected benefits from the investment projects[83]. Risks and Challenges - The company faces market demand fluctuation risks due to reliance on industries such as transportation and home appliances, which are influenced by macroeconomic conditions[92]. - The main raw material is scrap steel, and fluctuations in its prices could significantly impact procurement costs and profit margins[94]. - The company has maintained a low turnover rate among technical personnel, but faces risks due to increasing market demand for skilled workers in the powder metallurgy industry[95].

Financial Performance - The company's revenue for Q1 2021 reached ¥120,536,450.33, representing a 133.01% increase compared to ¥51,731,194.40 in the same period last year[8] - Net profit attributable to shareholders was ¥18,635,438.53, up 180.15% from ¥6,651,944.96 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥18,593,978.59, reflecting a 196.13% increase from ¥6,278,974.57 in the previous year[8] - Basic earnings per share increased by 111.11% to ¥0.19 from ¥0.09 in the same period last year[8] - Operating profit for the period was ¥21,146,504.38, compared to ¥8,046,469.45 in the same period last year, reflecting a growth of approximately 163%[41] - Net profit attributable to the parent company was ¥18,635,438.53, up from ¥6,651,944.96, marking an increase of about 180% year-over-year[41] - Earnings per share (EPS) for the period was ¥0.19, compared to ¥0.09 in the previous year, indicating a 111% increase[42] Assets and Equity - The company's total assets increased by 73.24% to ¥689,737,835.50 from ¥398,130,724.12 at the end of the previous year[8] - The net assets attributable to shareholders rose by 85.03% to ¥650,788,012.33 from ¥351,718,709.23 at the end of the last year[8] - The total equity attributable to shareholders of the parent company was ¥650,788,012.33, up from ¥351,718,709.23 year-over-year[38] - The company's equity increased significantly, with the share capital rising to CNY 100,000.00 million from CNY 75,000.00 million[37] Cash Flow - The company reported a net cash flow from operating activities of ¥3,059,498.77, a decrease of 23.88% compared to ¥4,019,237.43 in the previous year[8] - Cash flow from operating activities generated a net amount of ¥3,059,498.77, down from ¥4,019,237.43 in the previous period[44] - The cash flow from operating activities showed a net decrease of ¥5,839,883.06, a reduction of 82.98% from the previous year's decrease of ¥34,319,165.58, primarily due to lower debt repayments last year[19] - The total cash inflow from financing activities amounted to 305,950,000.00 CNY, while cash outflow was 27,984,459.32 CNY, resulting in a net cash flow of 277,965,540.68 CNY[45] - The ending balance of cash and cash equivalents was 25,341,634.82 CNY, down from 31,181,517.88 CNY at the beginning of the period[45] Operating Costs and Expenses - Operating costs increased to ¥92,638,680.84, reflecting a 127.84% rise from ¥40,659,102.40, in line with the growth in operating revenue[18] - Research and development expenses rose to ¥3,440,264.68, a 43.98% increase from ¥2,389,342.40, as previous pandemic-related project suspensions were lifted[18] - The company reported a total operating cost of ¥99,647,113.46, which is an increase from ¥44,887,715.92 in the previous period[39] - The company experienced a 279.22% increase in income tax expenses, amounting to ¥2,510,365.85, compared to ¥661,976.99 in the previous year, driven by substantial revenue and profit growth[18] Investment Activities - The company reported a net cash outflow from investment activities of ¥286,865,117.44, a significant increase of 3953.32% compared to the previous year's outflow of ¥7,077,282.23, due to investments in financial products following the company's IPO[19] - The total amount of raised funds for the quarter is CNY 28,043.39 million[27] - The cumulative amount of raised funds for investment projects is CNY 47,068.59 million, with CNY 28,043.39 million invested in the current report period[27] - The investment progress for the annual production of 70,000 tons of alternative imported iron and copper-based new materials is 13.24%[27] Market and Operations - The overall market demand for the company's products has increased, leading to a substantial rise in order volume compared to the previous year[20] - The company maintained stable relationships with its top five suppliers and customers, with changes in ranking but no new significant partnerships[22][23] - The company has not reported any significant changes in its core technology team or major risks affecting operations during the reporting period[24][25] - The company has no significant changes in project feasibility during the reporting period[29] - There are no violations of external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[30] Other Information - The company issued 25 million new shares, increasing the paid-in capital by 33.33% to ¥100,000,000.00[16] - The company’s trading financial assets reached ¥277,580,000.00, attributed to the listing and idle fundraising management[16] - The first quarter report was not audited, which may affect the reliability of the financial data presented[47]

Financial Performance - The company's operating revenue for 2020 was CNY 339,338,815.92, representing an increase of 11.07% compared to CNY 305,515,551.08 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 63,691,395.36, up 7.77% from CNY 59,100,457.42 in 2019[18]. - The company's total assets at the end of 2020 were CNY 398,130,724.12, a 4.53% increase from CNY 380,883,146.21 at the end of 2019[18]. - The basic earnings per share for 2020 was CNY 0.85, reflecting a 7.59% increase from CNY 0.79 in 2019[18]. - The company's cash and cash equivalents decreased by 47.24% in 2020 compared to 2019 due to repayment of bank loans[47]. - The company's financial performance indicates a stable growth trajectory, supporting its dividend distribution strategy[126]. Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total share capital of 100 million shares[5]. - The cash dividend represents 15.70% of the net profit attributable to ordinary shareholders, which is 63,691,395.36 yuan for the year 2020[128]. - The total distributable profit available for shareholders is 57,322,255.82 yuan, with a cumulative distributable profit of 123,136,035.48 yuan as of December 31, 2020[127]. - The company has maintained a consistent dividend policy, with a minimum cash dividend ratio of 20% during its growth phase[126]. - The company plans to distribute cash dividends of 1.00 CNY per 10 shares, totaling 10 million CNY, while retaining undistributed profits for future allocation[123]. Research and Development - The company has increased its R&D investment, emphasizing technological innovation to enhance core competitiveness[42]. - The company has established a strong R&D team with 36 technical personnel, including 2 PhDs and 3 senior engineers, to drive innovation[52]. - The company invested in 3 new R&D projects and completed 6 projects, successfully applying for 1 provincial-level new product[65]. - The company’s R&D expenses for 2020 were ¥12,062,756.44, an increase of 11.85% from ¥10,784,806.27 in 2019[88]. - The company has invested in research for new metal powder applications, including magnetic powders and 3D printing, to enhance its technological capabilities[39]. Market Position and Strategy - The company has established partnerships with major players in the metal powder industry, enhancing its market position[10]. - The company is focusing on expanding its market presence and developing new technologies in powder metallurgy[11]. - The company has established long-term partnerships with major clients such as Dongmu Co., Ltd. and Wuxi Hengteli Metal Products Co., Ltd., enhancing its risk resistance capabilities[56]. - The company is focused on maintaining compliance with regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[133]. - The company plans to diversify its product line, moving into high-performance pure iron powder and expanding into metal soft magnetic materials and copper-based powders[106]. Risk Management - The company emphasizes the importance of risk awareness in its future business outlook, highlighting potential challenges[5]. - The company faces risks from market demand fluctuations, particularly in sectors like transportation and home appliances, which are sensitive to economic conditions[115]. - The company is exposed to raw material price volatility, as its product prices are linked to the market prices of scrap steel[116]. - The company recognizes innovation risks due to the evolving requirements in the metal powder industry, which may affect its product competitiveness[118]. Corporate Governance - The company maintains a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team to protect shareholder rights, especially for minority shareholders[163]. - The company has committed to strictly fulfilling the promises disclosed in the prospectus, with any unfulfilled commitments leading to public explanations and apologies to shareholders[134]. - The management team, including directors and supervisors, will also be held accountable for fulfilling their commitments as stated in the prospectus[134]. - The company has established a lock-up period for shares held by its executives and major shareholders[132]. Environmental and Social Responsibility - The company emphasizes environmental protection and adheres to national laws, with no penalties for violations reported during the reporting period[171]. - The company actively engages in social responsibility initiatives, supporting education and disaster relief efforts, particularly during the pandemic[169].