编号：2021-003 证券代码：300946 证券简称：恒而达 福建恒而达新材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------------|----------------------------------------------------------------------------------------|----------------------------|--------------------------| | | | | | | | 特定对象调研 | □分析师会议 | | | 投资者关系活动类别 | □媒体采访 | □业绩说明会 | | | | □新闻发布会 | □路演活动 | | | | □现场参观 | □其他 | | | | 浙江巴沃资产管理有限公司 上海健顺投资管理有限公司 | | 张春 何荣珩 | | | BosVALEN ASSET MANAGEMENT 深圳金华阳投资有限公司 金建（深圳）投资管理中心（有限合伙） | | 杜婷婷 黄伟坤 常馨月 | | | 江苏瑞华投资管理有限公司 | | 黄立图 ; ...

证券代码：300946 证券简称：恒而达 福建恒而达新材料股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | |-------------------------|---------------------------------------------------|---------------------------------------------------------------------------------------| | | | | | | □特定对象调研 | □分析师会议 | | | □媒体采访 | □业绩说明会 | | 投资者关系活动类别 | □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 人员姓名 | 罗德、联创永泉、 OCTO Rivers 控股、领骥资本等机构 | 申万宏源、中信证券、中邮理财、长城保险、恒大人寿、交银施 、棕榈湾投资、度势投资、泛海 | | 时间 | 2022 年 10 月 28 日 19:00-20:00 | | | 地点 | 线上电话会议 | | | | 公 ...

Financial Performance - The company's revenue for Q3 2022 was CNY 119,041,631.44, representing an increase of 11.40% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2022 was CNY 20,541,067.85, a decrease of 5.59% year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 18,875,896.99, down 1.37% from the previous year[3] - Total operating revenue for the third quarter of 2022 was CNY 376,362,206.02, an increase of 8.4% compared to CNY 346,476,775.46 in the same period last year[22] - Net profit for the third quarter was CNY 71,052,281.28, a decrease of 19.4% from CNY 88,166,026.77 in the previous year[24] - The total comprehensive income for the period was CNY 71,052,281.28, compared to CNY 88,166,026.77 in the previous year, reflecting a decrease of 19.4%[24] Assets and Liabilities - The total assets at the end of Q3 2022 reached CNY 1,233,683,824.34, an increase of 7.05% compared to the end of the previous year[4] - The company's total liabilities increased to CNY 196,979,651.14, compared to CNY 159,273,553.54 in the previous year, reflecting a growth of 23.8%[21] - The total equity attributable to shareholders of the parent company reached CNY 1,036,252,980.58, an increase of 4.3% from CNY 993,153,291.92 year-on-year[21] - The total current assets as of September 30, 2022, amounted to ¥816,454,293.29, down from ¥861,748,748.94 at the beginning of the year[19] - The total assets increased to ¥1,233,683,824.34 as of September 30, 2022, compared to ¥1,152,426,845.46 at the beginning of the year[19] Cash Flow - The company reported a net cash flow from operating activities of CNY -8,655,273.79 for the year-to-date, a decline of 136.69%[3] - The net cash flow from operating activities for the first nine months of 2022 was -¥865.53 million, a decrease of 136.69% compared to ¥2,358.71 million in the same period of 2021, primarily due to reduced government subsidies and tax refunds from the previous year[13] - The net cash flow from investing activities increased to ¥2,095.44 million, a significant improvement of 104.90% from -¥42,760.17 million in the same period last year, mainly due to the maturity of financial products purchased with temporarily idle funds[13] - The net cash flow from financing activities was -¥2,607.02 million, a decrease of 107.01% compared to ¥37,167.95 million in the previous year, attributed to the funds received from the initial public offering in the prior year[13] - The cash inflow from operating activities for the current period was ¥323,346,340.50, compared to ¥317,878,427.37 in the previous period, showing a slight increase[26] - The net cash flow from operating activities was -¥8,655,273.79, a significant decline from ¥23,587,070.85 in the same period last year[26] Investments and Expenses - The investment income for the first nine months of 2022 was CNY 374.52 million, an increase of 35.66% compared to the same period last year[11] - Research and development expenses for the quarter were CNY 12,234,721.72, slightly up from CNY 11,506,182.71 in the same period last year[23] - The company reported a decrease in other income to CNY 1,699,334.34 from CNY 10,901,855.34 year-on-year, indicating a decline of 84.4%[23] - The company paid ¥131,150,469.48 for the purchase of fixed assets, an increase from ¥62,437,484.79 in the previous year[28] Accounts Receivable and Inventory - The accounts receivable increased by 117.87% to CNY 17,364.83 million due to higher sales revenue[9] - Inventory as of September 30, 2022, was ¥255,007,378.17, an increase from ¥217,234,612.94 at the beginning of the year[18] Shareholder Information - Basic and diluted earnings per share were both CNY 0.59, down from CNY 0.78 in the previous year[24] - The minority shareholders' loss was reported at -¥4.88 million, with no prior comparison available[12] Other Financial Metrics - The weighted average return on equity was 2.00%, a decrease of 0.26% compared to the same period last year[3] - The company experienced a significant increase in the impact of exchange rate changes on cash and cash equivalents, with a positive effect of ¥94.75 million, compared to -¥13.31 million in the previous year, marking an increase of 811.87%[13] - The company reported a decrease in asset impairment losses to -¥76.74 million, a reduction of 43.78% compared to -¥136.50 million in the previous period[12] - The company's cash and cash equivalents decreased to -¥1,282.35 million, a 60.50% improvement from -¥3,246.83 million in the previous year[13]

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2022, representing a year-on-year increase of 15%[12]. - The gross profit margin for the first half of 2022 was 35%, compared to 30% in the same period last year, indicating improved profitability[12]. - The company's operating revenue for the reporting period was ¥257,320,574.58, an increase of 7.39% compared to ¥239,616,832.29 in the same period last year[20]. - The net profit attributable to shareholders decreased by 23.87% to ¥50,560,020.81 from ¥66,409,525.37 year-on-year[20]. - Basic and diluted earnings per share both fell by 30.00% to ¥0.42 from ¥0.60[20]. - The main business revenue grew by 6.67%, with metal cutting tools revenue increasing by 9.33%[61]. - Sales revenue from hard alloy band saw blades surged by 266.39%[61]. - The net cash flow from operating activities was negative at -¥4,950,747.90, a decline of 115.57% compared to ¥31,794,655.82 in the previous year[20]. - The company achieved operating revenue of 257.32 million yuan, a year-on-year increase of 7.39%[66]. - Net profit for the period was 50.56 million yuan, a decrease of 23.87% compared to the previous year[66]. Research and Development - The company plans to invest RMB 50 million in R&D for new product development in the next fiscal year, focusing on advanced cutting tools[12]. - The company invested 8.40 million yuan in R&D, reflecting a 7.38% increase year-on-year[63]. - The company has developed specialized new materials for heavy-duty die-cutting tools, achieving high toughness after heat treatment through innovative alloy composition design[52]. - The R&D center upgrade project has an investment of RMB 1,310.40 million, with 5.19% of the project completed[86]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by the end of 2023[12]. - Future guidance indicates an expected revenue growth of 10-15% for the second half of 2022, driven by new product launches[12]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market presence[12]. Financial Position and Assets - The company’s total assets as of June 30, 2022, were valued at RMB 1.2 billion, with a current ratio of 1.5, indicating strong liquidity[12]. - The total assets at the end of the reporting period increased by 4.24% to ¥1,201,284,133.86 from ¥1,152,426,845.46 at the end of the previous year[20]. - The net assets attributable to shareholders rose by 2.27% to ¥1,015,711,912.73 from ¥993,153,291.92 at the end of the previous year[20]. - Total current assets as of June 30, 2022, amounted to ¥822,233,000.38, a decrease from ¥861,748,748.94 at the beginning of the year, representing a decline of approximately 4.5%[181]. Environmental Compliance - The company has established various environmental protection facilities, including dust and gas removal systems, wastewater treatment stations, and solid waste storage sites, ensuring stable compliance with environmental standards[120]. - The wastewater treatment process at the new factory utilizes a physical-chemical method with a high pollutant removal rate, meeting the discharge standards of GB8978-1996 and GB/T31962-2015[121]. - The company’s emissions of hydrochloric acid, lead compounds, and particulate matter from the new factory are reported at 2.73 mg/m³, 0.03 mg/m³, and 29.8 mg/m³ respectively, which are in compliance with the secondary standards[118]. - The company has reported no instances of exceeding pollutant discharge limits in its environmental monitoring[118]. Corporate Governance - The company has established a governance structure that promotes effective checks and balances, enhancing corporate governance standards[128]. - The company has implemented a talent development system to improve employee skills and ensure their rights are protected[129]. - There were no changes in the board of directors or senior management during the reporting period[113]. Risks and Challenges - The company has identified risks related to supply chain disruptions and is implementing measures to mitigate these risks[12]. - The company faces risks related to fluctuations in downstream market demand, particularly for its core products, which may impact sales and operational sustainability[106]. - The company has identified risks associated with the concentration of suppliers for key raw materials, which could lead to increased procurement costs and supply chain disruptions[107]. Shareholder Information - The company reported a total share capital increase from 66,670,000 shares to 120,006,000 shares due to a capital reserve conversion and cash dividend distribution[160]. - The largest shareholder, Lin Zhenghua, holds 66.30% of the shares, totaling 79,560,000 shares, with an increase of 35,360,000 shares during the reporting period[166]. - The total number of ordinary shareholders at the end of the reporting period was 12,905[166].

Financial Performance - The company's revenue for Q1 2022 was ¥128,378,049.10, representing a 24.98% increase compared to ¥102,717,523.92 in the same period last year[2] - Net profit attributable to shareholders decreased by 23.42% to ¥26,545,861.28 from ¥34,664,452.67 year-on-year[2] - The net profit after deducting non-recurring gains and losses increased by 11.14% to ¥22,450,922.14 compared to ¥20,200,764.48 in the previous year[2] - Total operating revenue for Q1 2022 was CNY 128,378,049.10, an increase of 24.9% compared to CNY 102,717,523.92 in Q1 2021[22] - Net profit for Q1 2022 was CNY 26,545,861.28, a decrease of 23.4% from CNY 34,664,452.67 in Q1 2021[23] - Earnings per share for Q1 2022 was CNY 0.40, down from CNY 0.52 in Q1 2021[24] Cash Flow - The company's cash flow from operating activities was negative at -¥31,038,103.92, a decline of 29.21% from -¥24,022,258.23 in the same period last year[2] - Cash flow from operating activities in Q1 2022 was CNY 99,898,352.71, significantly higher than CNY 47,337,044.59 in Q1 2021[26] - The net cash flow from operating activities was -31,038,103.92 CNY, compared to -24,022,258.23 CNY in the previous year, indicating a decline in operational cash generation[27] - Total cash inflow from investment activities was 219,533,476.87 CNY, while cash outflow was 317,477,178.29 CNY, resulting in a net cash flow from investment activities of -97,943,701.42 CNY[28] - The net cash flow from financing activities decreased by 99.51% to ¥195,420.00 from ¥40,166,910.00, primarily due to the previous year's IPO proceeds[11] - The total cash and cash equivalents at the end of the period were 51,618,086.90 CNY, down from 313,449,742.87 CNY at the beginning of the period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,169,357,658.43, an increase of 1.47% from ¥1,152,426,845.46 at the end of the previous year[3] - Total liabilities as of Q1 2022 were CNY 149,658,505.23, a decrease from CNY 159,273,553.54 in the previous year[21] - Total current assets amount to 841,001,607.73 RMB, a decrease from 861,748,748.94 RMB at the beginning of the year[18] - Total non-current assets increased to 328,356,050.70 RMB from 290,678,096.52 RMB at the beginning of the year[19] - Short-term borrowings increased to 16,470,419.24 RMB from 11,666,302.04 RMB at the beginning of the year[19] - Accounts payable decreased to 29,945,386.42 RMB from 40,363,093.79 RMB at the beginning of the year[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,970[13] - The largest shareholder, Lin Zhenghua, holds 66.30% of shares, totaling 44,200,000 shares[13] - The company has a total of 2,050,000 shares held by Putian Hushan Lanshui Investment Partnership, accounting for 3.07% of shares[14] - The company has a total of 3,050,000 shares under lock-up conditions, with 750,000 shares released during the period[15] Operational Challenges - The company reported a significant increase in credit impairment losses of 1,878.39% due to higher accounts receivable[10] - Operating costs rose by 31.41% to ¥91,231,500.00 from ¥69,425,700.00, reflecting the increase in revenue[9] - The company’s cash flow from operating activities showed a negative trend, indicating potential challenges in maintaining operational liquidity[27] - The company reported a significant increase in accounts receivable, rising to 139,265,902.15 RMB from 79,702,054.65 RMB[18] Research and Development - Research and development expenses for Q1 2022 were CNY 3,311,084.27, compared to CNY 3,050,717.51 in Q1 2021, reflecting a focus on innovation[22] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]

Financial Performance - The company's operating revenue for 2021 was ¥455,406,141.67, representing a 19.72% increase compared to ¥380,377,950.03 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥107,702,011.39, up 15.76% from ¥93,041,755.31 in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥82,851,545.08, a significant increase of 31.23% from ¥63,136,264.71 in 2020[19]. - The total assets at the end of 2021 reached ¥1,152,426,845.46, an 85.02% increase from ¥622,872,098.53 at the end of 2020[19]. - The net assets attributable to shareholders increased by 109.56% to ¥993,153,291.92 from ¥473,916,816.40 in 2020[19]. - The basic earnings per share for 2021 was ¥1.69, down 9.14% from ¥1.86 in 2020[19]. - The weighted average return on equity decreased to 12.27% from 21.77% in 2020, reflecting a decline of 9.50%[19]. - The company reported a negative cash flow from operating activities of ¥67,745,210.08, a decrease of 20.13% compared to ¥84,817,799.53 in 2020[19]. - The company received government subsidies amounting to ¥23,103,562.64 in 2021, down from ¥35,891,489.20 in 2020[25]. - In 2021, the company achieved a revenue of CNY 455.41 million, representing a year-on-year growth of 19.72%[56]. - The net profit attributable to shareholders was CNY 107.70 million, an increase of 15.76% compared to the previous year[56]. Market Position and Products - The company focuses on the research, production, and sales of metal cutting tools and supporting intelligent CNC equipment, with a product line that includes die-cutting tools, sawing tools, and cutting tools[36]. - The company has over 20 years of technical accumulation and industrial application experience in metal materials and heat treatment, establishing a leading market position in die-cutting tools[43]. - The heavy-duty die-cutting tools have maintained the highest market share in both international and domestic markets for several consecutive years, recognized as a champion product in Fujian Province[43]. - The company’s heavy-duty die-cutting tools have achieved international leading technology levels, as certified by the China Light Industry Federation in 2019[43]. - The company’s intelligent CNC equipment includes fully automatic circular saw machines and flexible material cutting machines, characterized by high precision and efficiency[38]. - The company has developed a complete product line of cutting tools, including heavy-duty die-cutting tools, bimetal band saw blades, and new products like CNC fully automatic circular saws, which will inject new momentum into business expansion[49]. - The company’s innovative breakthroughs in metal materials and heat treatment processes have led to the successful domestic replacement of expensive imported heavy-duty die-cutting tools[43]. - The market for high-end metal cutting tools in China remains largely untapped, presenting significant opportunities for domestic replacement[34]. Research and Development - R&D investment reached CNY 15.80 million, a 29.86% increase year-on-year, focusing on production process optimization and new product development[59]. - The company completed the development of hard alloy band saw blades, enhancing product competitiveness[73]. - Ongoing R&D projects include high-speed CNC band saws and flexible material cutting machines, aimed at expanding product offerings and market presence[73]. - The company plans to increase R&D investment to drive technological innovation, focusing on new materials and heat treatment, with a structured approach to technology development[105]. - The company has a commitment to enhancing its research and development capabilities in metal cutting tools and related technologies[135]. Governance and Management - 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 established a sound corporate governance structure, with all directors, supervisors, and senior management personnel elected according to legal regulations, ensuring legal and effective procedures[126]. - The company maintains independence in business, assets, personnel, institutions, and finance from its controlling shareholders and actual controllers, ensuring a complete business system and the ability to operate independently in the market[124]. - The company has independent financial departments and accounting systems, with no shared bank accounts with controlling shareholders, fulfilling tax obligations as an independent taxpayer[129]. - The company has a diverse board with members holding various academic qualifications, including PhDs and EMBA degrees[135][136][137]. - The company has established a governance structure that promotes effective checks and balances, enhancing corporate governance levels[179]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities, with specific emissions monitored[172]. - The concentration of hydrochloric acid emissions was recorded at 2.73 mg/m³, compliant with the relevant standards[172]. - The company reported no exceedances in pollutant discharge limits during the evaluation period[172]. - The company has implemented measures to ensure compliance with environmental standards and regulations[172]. - The company achieved stable wastewater treatment results, meeting the Class B discharge standards of the "Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant" (GB/T31962-2015) with high pollutant removal rates[175]. Shareholder Relations and Commitments - The company reported a total shareholding of 46,700,000 shares held by directors and senior management at the end of the reporting period[133]. - The company has established clear guidelines for share transfer and management to maintain regulatory compliance[187]. - The company will compensate investors for direct economic losses caused by false statements or omissions in the prospectus, as determined by regulatory authorities[197]. - The company commits to actively negotiate and compensate investors, particularly small and medium-sized investors, for measurable economic losses[197]. - The company will establish an investor compensation fund to facilitate the compensation process[197]. Future Outlook and Strategy - The company anticipates that the metal cutting tool industry will continue to mature, with increased focus on high-end manufacturing and consolidation through mergers and acquisitions[100][101]. - The company plans to enhance its product offerings and integrated solutions to meet diverse customer needs in the metal cutting tool market[100]. - The company aims to establish a series of metal cutting tools and integrated CNC equipment, following the development path of international leaders like Sandvik[102]. - The company plans to enhance profitability by continuing to implement a product series and equipment integration strategy, leveraging its key technologies in the metal cutting tool industry[104]. - The company will actively promote the construction of projects funded by raised capital to achieve expected benefits as soon as possible[198].

Financial Performance - The company's operating revenue for Q3 2021 was ¥106,859,943.17, representing a 4.79% increase year-over-year, while the year-to-date revenue reached ¥346,476,775.46, up 25.30% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2021 was ¥21,756,501.40, a 2.37% increase year-over-year, with a year-to-date net profit of ¥88,166,026.77, reflecting a 16.01% growth[2] - The net profit excluding non-recurring gains and losses for Q3 2021 was ¥19,138,169.71, an 18.16% increase year-over-year, while the year-to-date figure was ¥66,871,180.29, up 43.27% compared to the previous year[2] - The company's net profit for the period was CNY 101,567,489.40, representing a growth of 14.7% compared to CNY 88,551,499.15 in the previous year[21] - The net profit for the third quarter of 2021 was CNY 88,166,026.77, an increase of 16.3% compared to CNY 75,996,560.16 in the same period last year[22] - The total comprehensive income for the third quarter was CNY 88,166,026.77, reflecting a growth of 16.3% from CNY 75,996,560.16 year-over-year[23] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥1,158,931,991.52, an 86.06% increase from the end of the previous year, and the equity attributable to shareholders was ¥973,617,307.30, up 105.44%[3] - Total assets reached CNY 1,158,931,991.52, a substantial increase from CNY 622,872,098.53 at the end of 2020, reflecting a growth of 85.7%[17] - The company's total liabilities increased to CNY 185,314,684.22, up from CNY 148,955,282.13, marking a rise of 24.4%[18] - The equity attributable to shareholders rose to CNY 973,617,307.30, compared to CNY 473,916,816.40 at the end of 2020, an increase of 105.5%[18] Revenue and Sales Growth - Sales revenue from metal cutting tools increased by 29.61% year-over-year, with heavy-duty die-cutting tools maintaining a leading global market share[7] - The sales revenue of CNC fully automatic circular saws grew by 65.87% year-over-year, indicating strong demand in the high-end CNC equipment market[7] - The company received CNY 263,006,468.96 from sales of goods and services, up from CNY 194,486,753.42 in the previous year, indicating a 35.3% increase[25] Cash Flow and Expenses - Cash inflow from operating activities totaled CNY 317,878,427.37, compared to CNY 248,808,846.18 in the prior year, marking a 27.7% increase[25] - The net cash flow from operating activities was CNY 23,587,070.85, slightly down from CNY 25,107,703.15 in the same quarter last year[26] - Cash inflow from investment activities was CNY 221,835,746.83, while cash outflow was CNY 649,437,484.79, resulting in a net cash flow of -CNY 427,601,737.96[26] - Cash inflow from financing activities amounted to CNY 471,633,450.25, with a net cash flow of CNY 371,679,498.45 after outflows[27] - The ending cash and cash equivalents balance was CNY 35,609,123.68, compared to CNY 25,650,593.43 at the end of the same quarter last year[27] Research and Development - Research and development expenses for the quarter were CNY 11,506,182.71, up 44.5% from CNY 7,987,681.28 in the previous year[21] - The gross profit margin for the company's products increased by 1.59 percentage points year-over-year, attributed to continuous R&D investment and technological innovation[7] Earnings Per Share - The basic earnings per share for Q3 2021 was ¥0.33, down 23.26% year-over-year, while the diluted earnings per share remained the same[2] - Basic and diluted earnings per share for the quarter were both CNY 1.40, down from CNY 1.52 in the previous year[23] Tax and Other Financial Information - The company reported a tax expense of CNY 13,401,462.63, compared to CNY 12,554,938.99 in the previous year, reflecting an increase of 6.8%[22] - The report for the third quarter was not audited, indicating a need for caution in interpreting the financial data[34] - The company has not disclosed any new product developments or market expansion strategies in this report[34]

Financial Performance - The company's operating revenue for the reporting period was ¥239,616,832.29, representing a 37.28% increase compared to ¥174,552,110.99 in the same period last year[23]. - The net profit attributable to shareholders was ¥66,409,525.37, up 21.31% from ¥54,744,160.31 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥47,733,010.58, reflecting a significant increase of 56.60% from ¥30,480,189.50 in the previous year[23]. - The net cash flow from operating activities surged by 210.61% to ¥31,794,655.82, compared to ¥10,236,124.95 in the same period last year[23]. - Total assets at the end of the reporting period reached ¥1,113,712,099.77, marking a 78.80% increase from ¥622,872,098.53 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 100.85% to ¥951,860,805.90, compared to ¥473,916,816.40 at the end of the previous year[23]. - The company reported a basic and diluted earnings per share of ¥1.09, unchanged from the previous year[23]. - The total operating revenue for the first half of 2021 was CNY 239.62 million, an increase of 37.4% compared to CNY 174.55 million in the first half of 2020[183]. - The total operating costs for the first half of 2021 were CNY 183.89 million, up 33.4% from CNY 138.07 million in the same period last year[183]. - The company's total comprehensive income for the first half of 2021 was CNY 66.31 million, compared to CNY 54.64 million in the first half of 2020, reflecting an increase of 21.4%[190]. Market and Product Development - The company is focused on expanding its market presence and enhancing product development capabilities[5]. - The company is engaged in the research, production, and sales of metal cutting tools and supporting intelligent CNC equipment, with a focus on product series development[31]. - The company has launched intelligent CNC equipment to complement its metal cutting tools, facilitating one-stop procurement for customers and strengthening its competitive position[47]. - The company is focusing on developing a series of metal cutting tools and integrated cutting solutions, which is a key trend in the industry[43]. - The company’s main products include die-cutting tools, saw blades, and cutting tools, which are widely used across various industries such as light industry, equipment manufacturing, and automotive[32]. - The company has developed a complete product line, including heavy-duty die-cutting tools, bi-metal band saw blades, and various new products, enhancing its ability to meet diverse customer needs[54]. Research and Development - R&D investment increased by 69.95% to CNY 7.83 million, focusing on production process optimization and new product development[64]. - The company focuses on R&D innovation in new products, processes, and materials, aiming to strengthen its market position and expand future growth opportunities[59]. - The management team has over 20 years of experience in the metal cutting tool industry, enabling the company to make timely and effective business decisions[55]. - The company has completed over 20 process optimizations and technical upgrades, increasing the production capacity of the bimetal band saw blade line from 7.6 million meters to 9 million meters without expanding the production area[62]. Corporate Governance and Compliance - The management team assures the accuracy and completeness of the financial report[4]. - The company has established a governance structure that promotes effective checks and balances, enhancing corporate governance levels[124]. - The company has implemented a comprehensive management system, certified by ISO9001:2015 and ISO14001:2015, enhancing operational efficiency and stability[55]. - The company has not engaged in any major lawsuits or arbitration matters during the reporting period[134]. - There were no significant administrative penalties or environmental issues reported during the reporting period[124][135]. Environmental Responsibility - Fujian Heng'erda New Materials Co., Ltd. is classified as a key pollutant discharge unit by the environmental protection department[117]. - The company has implemented various environmental protection facilities to ensure stable compliance with emission standards, including a wastewater treatment station and dust removal systems[118]. - The wastewater treatment process at the Xindu plant utilizes a physical-chemical method with a high pollutant removal rate, achieving compliance with the Grade 3 discharge standard[119]. - The company has established measures to reduce noise pollution, ensuring that factory boundary noise meets the standards set by the Industrial Enterprises Boundary Environmental Noise Emission Standards[119]. - The company’s emissions of hydrochloric acid, lead compounds, and non-methane total hydrocarbons have been reported to be within the limits of the applicable standards[117]. Financial Position and Investments - Cash and cash equivalents increased to ¥158.21 million, representing 14.21% of total assets, up from 12.35% the previous year[72]. - Accounts receivable rose to ¥151.25 million, making up 13.58% of total assets, with a significant increase attributed to concentrated sales collections in the second half of the year[73]. - Inventory decreased to ¥183.11 million, now 16.44% of total assets, down from 25.92% year-on-year[73]. - Total investments during the reporting period reached ¥377.37 million, a staggering increase of 707.88% compared to the previous year[77]. - The company reported a short-term loan of ¥4.31 million, down from ¥39.82 million, reflecting a repayment of bank loans[73]. Shareholder Information - The company completed its initial public offering (IPO) of 16,670,000 shares at a price of RMB 29.45 per share on February 8, 2021, increasing its registered capital from RMB 50 million to RMB 66.67 million[154]. - The total number of common shareholders at the end of the reporting period is 15,168[161]. - The largest shareholder, Lin Zhenghua, holds 66.30% of the shares, totaling 44,200,000 shares[161]. - The company has not implemented any share buyback or reduction strategies during the reporting period[156]. - The company plans to release 50 million restricted shares on February 8, 2024, as part of its IPO lock-up period[157].

Group 1: Event Details - The company will participate in the "2021 Annual Fujian Listed Companies Investor Online Collective Reception Day" [2] - The event will be held on May 14, 2021, from 15:30 to 17:00 [2] - Investors can join the event through the "Panjing Network Investor Relations Interactive Platform" [2] Group 2: Attendees - The attendees include the Chairman and General Manager, Mr. Lin Zhenghua [2] - The attendees also include the Director, Vice General Manager, and Chief Financial Officer, Mr. Shen Qunbin [2] - Additionally, the Vice General Manager and Board Secretary, Mr. Fang Junfeng, will be present [2] Group 3: Company Assurance - The company and its board members guarantee the accuracy and completeness of the disclosed information [2] - There are no false records, misleading statements, or significant omissions in the announcement [2]

Financial Performance - The company's operating revenue for Q1 2021 was ¥102,717,523.92, representing a 49.56% increase compared to ¥68,680,617.23 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 was ¥34,664,452.67, a significant increase of 124.45% from ¥15,444,493.45 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥20,200,764.48, up 120.38% from ¥9,166,353.78 year-on-year[8]. - Basic earnings per share for Q1 2021 were ¥0.52, an increase of 67.74% compared to ¥0.31 in the same period last year[8]. - Operating profit for Q1 2021 reached CNY 29,688,490.43, compared to CNY 18,436,687.58 in the same period last year, representing a growth of approximately 61.2%[60]. - The total profit for Q1 2021 was CNY 40,393,590.49, compared to CNY 17,836,177.40 in the same period last year, marking an increase of about 126.5%[60]. - The company’s total comprehensive income for Q1 2021 was CNY 34,664,452.67, compared to CNY 15,444,493.45 in the previous year, reflecting a growth of approximately 124.5%[61]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,078,674,201.45, a 73.18% increase from ¥622,872,098.53 at the end of the previous year[8]. - The company's total liabilities decreased to CNY 130.56 million from CNY 148.96 million year-over-year, indicating a reduction of about 12.3%[51]. - The equity attributable to the parent company increased to CNY 948.12 million, up from CNY 473.92 million, reflecting a growth of approximately 100%[52]. - The total current liabilities were CNY 149,074,680.11, with short-term borrowings at CNY 39,820,221.11[79]. Cash Flow - The company reported a net cash flow from operating activities of -¥24,022,258.23, slightly worse than -¥22,819,869.18 in the same period last year, reflecting a 5.27% increase in cash outflow[8]. - Total cash inflow from financing activities reached 453,869,500.00 CNY, significantly higher than 25,006,589.20 CNY in the same period last year, reflecting strong capital raising efforts[69]. - The net cash flow from investing activities was -132,347,849.75 CNY, compared to -32,803,121.91 CNY in the previous year, showing increased investment expenditures[72]. - Cash outflows for operating activities totaled 90,465,569.68 CNY, compared to 79,849,889.71 CNY in the previous year, indicating higher operational costs[68]. Shareholder Information - The total number of shareholders at the end of the reporting period was 17,825, indicating a stable shareholder base[12]. - The sales from the top five customers accounted for a stable proportion, with no single customer dependency that could significantly impact future operations[26]. Research and Development - The company is focusing on the development of metal cutting tools and related equipment, enhancing R&D investment in new technologies and products[26]. - Research and development expenses for Q1 2021 amounted to CNY 3,050,717.51, compared to CNY 2,595,761.70 in the previous year, showing an increase of approximately 17.5%[63]. - The development of new technologies and products is subject to uncertainties, and the company is enhancing R&D efforts and collaborations with leading research institutions[35]. Supplier and Inventory Management - The proportion of purchases from the top five suppliers decreased to 66.40%, down from 81.79% in the previous year, indicating improved supplier diversification[25]. - The company is actively working on domestic supplier partnerships to mitigate risks associated with imported raw materials, particularly cold-rolled alloy steel from Germany[31]. - The company aims to improve inventory management to address risks related to large inventory scales and declining turnover rates[33]. - Inventory increased to CNY 171.31 million from CNY 161.42 million year-over-year[49]. Government Support - The company received government subsidies amounting to ¥16,485,814.91 during the reporting period, contributing positively to its financial performance[9].