本公司及董事会全体成员保证公告内容与信息披露义务人供的信息一致。 上海冠龙阀门节能设备股份有限公司（以下简称"公司"或"冠龙节能"）于 2023 年 4 月 17 日在巨潮资讯网（www.cninfo.com.cn）披露了《关于持股 5%以上股东减持股 份的预披露公告》（公告编号：2023-008）。持有公司股份 1,256.7429 万股（占公司 总股本的 7.5%）的股东富拉凯咨询（上海）有限公司（以下简称"富拉凯"）计划自公 告发布之日起 15 个交易日后的六个月内以集中竞价的方式减持公司股份不超过 335.34 万股（不超过公司总股本的 2%），且任意连续 90 个自然日内不超过公司股份总数的 1%。 公司于近日收到富拉凯出具的《关于股份减持进展情况的告知函》，获悉其本次股 份减持计划的减持数量已实施过半且减持比例达到 1.00%，根据《证券法》《深圳证券 交易所创业板股票上市规则》等相关规定，具体情况公告如下： 证券代码：301151 证券简称：冠龙节能 公告编号：2023-046 上海冠龙阀门节能设备股份有限公司 关于持股 5%以上股东持股变动达到 1%暨 减持计划数量过半的进展公告 公司持股5% ...

证券代码：301151 证券简称：冠龙节能 上海冠龙阀门节能设备股份有限公司 投资者关系活动记录表 编号：2023-002 | 投资者关系活动 □ | 特定对象调研 □ 分析师会议 | | --- | --- | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | 参与公司 2022 年年度报告网上业绩说明会的投资者 | | 人员姓名 | | | 时间 | 2023 年 5 月 11 日 (周四) 下午 15:30~17:00 | | 地点 | 上海市嘉定区安亭镇联星路 88 号 | | 上市公司接待人 | 1、冠龙节能 董事长李政宏 | | 员姓名 | 2、冠龙节能 副总经理兼董事会秘书程慧贤 | | | 3、冠龙节能 财务负责人毛静燕 | | | 4、冠龙节能 独立董事杨艳波 | | | 5、长江保荐 副总裁 保荐代表人何君光 | | | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、刚上市的时候，董秘还经常 ...

证券代码：301151 证券简称：冠龙节能 公告编号：2023-034 上海冠龙阀门节能设备股份有限公司(以下简称"公司")已于 2023 年 4 月 24 日在巨潮资讯网上披露了《2022 年年度报告全文》及《2022 年年度报告摘要》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定 于 2023 年 05 月 11 日(星期四)15:30-17:00 在全景网"投资者关系互动平台" (https://ir.p5w.net)举办上海冠龙阀门节能设备股份有限公司 2022 年年度业 绩说明会，采用网络互动方式与投资者进行沟通和交流，广泛听取投资者的意见 和建议。 二、参加人员 出席本次业绩说明会的人员有：董事长李政宏，董事会秘书程慧贤，财务负 责人毛静燕，独立董事杨艳波，保荐代表人何君光(如遇特殊情况，参会人员可 能进行调整)。 三、问题征集 上海冠龙阀门节能设备股份有限公司 投资者可于 2023 年 05 月 10 日前访问网址 https://ir.p5w.net/zj/或扫描 下方二维码，进入问题征集专题页面。公司将通过本次业绩说明会，在信息披露 允许范围内就投资者普遍关注的问 ...

Financial Performance - The company's operating revenue for 2022 was ¥933,341,911.74, a decrease of 10.84% compared to ¥1,046,848,450.35 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥101,806,977.51, down 47.06% from ¥192,314,383.05 in the previous year[19]. - The basic earnings per share for 2022 was ¥0.6625, representing a decline of 56.71% from ¥1.5303 in 2021[19]. - The cash flow from operating activities for 2022 was ¥62,499.29, a drastic decrease of 99.97% from ¥217,452,372.73 in the previous year[19]. - The company reported a net profit of -206,713.61 yuan for 2022, a significant decrease from a profit of 18,490,451.17 yuan in 2021, indicating a loss in asset disposal[25]. - The gross profit margin for the general equipment manufacturing sector was 36.59%, down 6.44% year-on-year[65]. - The gross margin for 2022 was reported at 35%, a slight increase from 33% in 2021[165]. - Operating expenses increased by 5% year-over-year, primarily due to higher marketing costs[165]. Assets and Investments - The total assets at the end of 2022 increased to ¥2,632,146,410.41, a growth of 91.60% from ¥1,373,769,404.61 at the end of 2021[19]. - The net assets attributable to shareholders rose to ¥2,008,696,006.30, marking a significant increase of 159.67% compared to ¥773,554,119.89 in 2021[19]. - The company reported a net cash outflow from investment activities of ¥101,999,655.93, a 33.86% improvement compared to the previous year[80]. - The overall investment amount decreased by 46.54% to ¥118,349,106.14 compared to the previous year[93]. - The company raised a total of RMB 129,444.00 million from the public offering, with a net amount of RMB 119,699.87 million after deducting issuance costs of RMB 9,744.13 million[98]. Research and Development - The company plans to enhance its research and development capabilities and improve production efficiency to address the pressures from rising raw material and transportation costs[34]. - The company has developed nearly 7,000 specifications across 41 categories of water-saving valves, positioning itself as a leading supplier in the industry[36]. - The company invested CNY 39,462,100.10 in R&D in 2022, representing 4.23% of its operating revenue, an increase from 4.11% in 2021[75]. - The company completed the development of several new products, including a new type of automatic exhaust valve and a smart pressure control valve, aimed at enhancing market competitiveness and increasing sales[74]. - The company aims to enhance its product offerings in the smart water management sector, aligning with market demands for intelligent monitoring and control systems[74]. Market Strategy and Expansion - The company is focusing on expanding its market presence in urban water supply systems, fire protection systems, and water conservancy projects, which are critical under the national development strategy[30]. - The company is actively participating in national water conservancy investment projects worth 800 billion yuan, aiming to enhance technology product development and increase market share[128]. - The company plans to enter the European market by Q4 2023, targeting a revenue contribution of 200 million RMB in the first year[157]. - Market expansion efforts have led to a 10% increase in market share in the Asia-Pacific region[157]. Corporate Governance - The company emphasizes strict compliance with laws and regulations to ensure effective internal control and risk management[114]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements and effective decision-making[134]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal standards[137]. - The company has a complete and independent business system, including procurement, production, and sales, without any asset control or occupation by controlling shareholders[141]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of ¥2.00 per 10 shares (including tax) to all shareholders[4]. - The company’s cash dividend policy requires a minimum of 20% of distributable profits to be allocated as cash dividends during periods of significant capital expenditure[196]. - The company reported that accounts receivable at the end of 2022 amounted to 482.56 million yuan, representing 18.33% of total assets, indicating potential risks in cash flow if economic conditions worsen[123]. Employee Management - The total number of employees at the end of the reporting period was 883, with 432 in the parent company and 451 in major subsidiaries[179]. - The company prioritizes cash dividends for profit distribution, aiming to provide reasonable returns to investors[185]. - The company emphasizes employee training and development through various methods to enhance overall staff capabilities[181].

Financial Performance - The company's operating revenue for 2022 was ¥933,341,911.74, a decrease of 10.84% compared to ¥1,046,848,450.35 in 2021[19] - The net profit attributable to shareholders for 2022 was ¥101,806,977.51, down 47.06% from ¥192,314,383.05 in the previous year[19] - The basic earnings per share for 2022 was ¥0.6625, representing a decline of 56.71% from ¥1.5303 in 2021[19] - The company reported a net profit of -206,713.61 yuan for 2022, a significant decrease from a profit of 18,490,451.17 yuan in 2021, indicating a loss in asset disposal[25] - The company’s operating revenue for general equipment manufacturing was approximately ¥932.69 million, a decrease of 10.86% compared to the same period last year[65] - The gross margin for the general equipment manufacturing sector was 36.59%, down 6.44% year-on-year[65] - The company reported a significant reduction in financial expenses, decreasing by 217.70% due to interest from idle fundraising deposits[72] - The company reported a net cash outflow from investment activities of ¥101,999,655.93, a 33.86% improvement from the previous year[80] - The company reported a net profit margin of 12%, reflecting improved operational efficiency[165] Assets and Liabilities - The total assets at the end of 2022 increased by 91.60% to ¥2,632,146,410.41 from ¥1,373,769,404.61 at the end of 2021[19] - The net assets attributable to shareholders rose by 159.67% to ¥2,008,696,006.30 at the end of 2022, compared to ¥773,554,119.89 at the end of 2021[19] - The company has a total asset of ¥2,632,146,410.41 and equity attributable to shareholders of ¥2,008,696,006.30 as of December 31, 2022[61] - Accounts receivable increased to ¥482,563,845.15, representing 18.33% of total assets, reflecting challenges in collections amid a declining economic environment[90] - The total assets of the company increased to 3 billion CNY, up from 2.5 billion CNY, indicating strong financial health[165] Cash Flow - The cash flow from operating activities for 2022 was significantly reduced to ¥62,499.29, a drop of 99.97% from ¥217,452,372.73 in 2021[19] - Operating cash inflow decreased by 16.26% year-on-year to ¥975,079,203.07, primarily due to reduced revenue and collections amid macroeconomic adjustments[77] - Net cash flow from operating activities plummeted by 99.97% to ¥62,499.29, attributed to decreased cash inflow while cash outflow remained relatively stable[78] - Investment cash inflow surged by 106.13% to ¥1,091,308,448.50, mainly due to increased fundraising for financial investments[79] - Cash flow from financing activities increased significantly by 713.45% to ¥1,545,562,480.00, driven by the first-time issuance of stocks[81] - Net increase in cash and cash equivalents skyrocketed by 4,263.79% to ¥1,098,424,252.02, largely due to the influx of funds from stock issuance[84] Research and Development - The company plans to enhance its research and development capabilities and improve production efficiency to address the pressures from rising raw material and transportation costs[34] - The company has developed nearly 7,000 specifications across 41 categories of water-saving valves, positioning itself as a leading supplier in the water-saving valve market[36] - The company completed the development of an intelligent control valve aimed at enhancing automation in water supply projects[73] - Research and development investment amounted to ¥39,462,100.10 in 2022, representing 4.23% of operating revenue, an increase from 4.11% in 2021[75] - The company is currently developing a smart valve position signal collector to meet the needs of intelligent water supply network management, which is expected to enhance product competitiveness[74] - The company is working on a new intelligent pressure control valve to achieve remote automation, aligning with the demand for smart water management solutions[74] Market Strategy and Expansion - The company is focusing on expanding its market presence in urban water supply systems, fire protection systems, and water conservancy projects, which are critical under the national development strategy[30] - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share within the next three years[157] - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's production capacity by 40%[157] - The company is exploring partnerships with international firms to leverage new market opportunities, particularly in Europe[157] Governance and Compliance - The company emphasizes strict compliance with laws and regulations to ensure effective internal control and risk management[114] - The company has established a transparent performance evaluation and incentive mechanism for senior management, aligning with legal standards[137] - The company has a clear governance structure with independent operational capabilities, ensuring no overlap with the controlling shareholder's entities[146] - The company has established a robust internal control system to ensure compliance with financial regulations and independent tax obligations[145] Shareholder Relations and Dividends - The company plans to distribute a cash dividend of ¥2.00 per 10 shares (including tax) to all shareholders[4] - The company prioritizes cash dividends in its profit distribution policy, aiming to provide reasonable returns to investors[185] - The company plans to conduct mid-term cash dividends when conditions permit, reinforcing its commitment to shareholder returns[185] - The company’s cash dividend distribution is contingent upon achieving positive distributable profits and sufficient cash flow[187] Employee and Talent Management - The company is actively recruiting technical talent and enhancing employee training to strengthen its operational capabilities[34] - The company has a total of 95 technical personnel and 283 sales personnel, indicating a strong focus on both technical and sales capabilities[179] - The company has implemented targeted training plans for employees to enhance their skills and support career development[181] - The company has a total of 6 employees with a master's degree or above, reflecting a commitment to maintaining a skilled workforce[179]

Financial Performance - The company's operating revenue for Q1 2023 was ¥147,505,202.12, a decrease of 11.78% compared to ¥167,200,555.17 in the same period last year[5]. - Net profit attributable to shareholders was ¥5,677,420.30, down 75.77% from ¥23,334,868.94 year-on-year[5]. - Basic and diluted earnings per share were both ¥0.0339, reflecting an 82.16% decline from ¥0.19 in the same period last year[5]. - Total revenue for the first quarter was CNY 147,505,202.12, a decrease of 11.4% compared to CNY 167,200,555.17 in the previous period[20]. - Net profit for Q1 2023 was 5,677,420.30 CNY, down from 23,434,207.99 CNY in Q1 2022, indicating a decrease of about 75.8%[22]. - Operating profit for Q1 2023 was 7,098,535.07 CNY, compared to 26,309,275.28 CNY in the same period last year, reflecting a decline of approximately 73.0%[21]. - The company reported a total comprehensive income of 5,664,452.37 CNY for Q1 2023, compared to 23,434,207.99 CNY in Q1 2022, a decrease of approximately 75.8%[22]. Cash Flow - The net cash flow from operating activities improved significantly to ¥26,135,145.07, compared to a negative cash flow of ¥30,447,425.80 in the previous year, marking an increase of 185.84%[11]. - Cash flow from operating activities for Q1 2023 was 26,135,145.07 CNY, a significant improvement from a negative cash flow of -30,447,425.80 CNY in Q1 2022[25]. - Net cash flow from financing activities for Q1 2023 was 16,632,737.95 CNY, a recovery from a negative cash flow of -32,994,119.89 CNY in Q1 2022[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,650,059,821.39, representing a slight increase of 0.65% from ¥2,632,146,410.41 at the end of the previous year[5]. - Total assets as of March 31, 2023, were CNY 2,650,059,821.39, slightly up from CNY 2,633,030,723.00 at the start of the year, indicating a growth of 0.6%[18]. - Total liabilities increased to CNY 635,859,048.98 from CNY 624,494,402.96, representing a rise of 3.1%[18]. Shareholder Information - The company reported a total of 23,552 common shareholders at the end of the reporting period[13]. - The largest shareholder, Karon Holding Company Limited, holds 67.46% of the shares, totaling 113,106,861 shares[13]. Inventory and Receivables - Inventory increased to CNY 358,906,492.97 from CNY 318,898,478.84, marking a growth of 12.5%[17]. - Accounts receivable decreased to CNY 436,495,203.75 from CNY 482,563,845.15, a decline of 9.6%[17]. Investment Activities - The cash flow from investment activities was negative at ¥43,308,649.42, a decrease of 41.53% compared to ¥74,072,112.40 in the previous year, primarily due to increased investments in projects[11]. - The company received 80,133,200.00 CNY from investment recoveries in Q1 2023, compared to 91,124,121.30 CNY in Q1 2022[25]. Tax and Expenses - The company experienced a 43.02% increase in taxes and surcharges, amounting to ¥1,356,635.19, primarily due to increased value-added tax[11]. - The company recorded a net loss in financial expenses of ¥-3,718,304.54, a significant change from a profit of ¥1,299,960.73 in the previous year, attributed to increased interest income[11]. Research and Development - Research and development expenses for Q1 2023 were 9,089,864.50 CNY, slightly down from 9,225,019.68 CNY in Q1 2022[21]. Other Information - The company has no preferred shareholders or significant changes in restricted shares during the reporting period[15]. - The company has not disclosed any new product developments or market expansion strategies in the current report[19].

Financial Performance - The company's revenue for Q3 2022 was ¥238,599,582.98, a decrease of 1.04% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥29,690,092.51, down 41.44% year-on-year[5]. - The basic earnings per share for Q3 2022 was ¥0.20, a decline of 50.00% compared to the previous year[5]. - Total operating revenue for Q3 2022 was ¥635,526,267.56, a decrease of 7.99% compared to ¥690,691,369.98 in the same period last year[19]. - Net profit for Q3 2022 was ¥79,326,197.03, representing a decline of 37.43% from ¥126,737,818.94 in Q3 2021[20]. - Earnings per share for Q3 2022 was ¥0.47, compared to ¥1.01 in the same quarter last year, reflecting a decrease of 53.47%[20]. - The net profit for the first nine months of 2022 decreased by 42.69% to RMB 345.36 million compared to RMB 602.65 million in the same period of 2021, primarily due to reduced revenue and corresponding decreases in turnover tax[9]. Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥2,748,786,726.23, an increase of 100.09% from the end of the previous year[5]. - The total assets as of September 30, 2022, reached RMB 2,748,786,726.23, a significant increase from RMB 1,373,769,404.61 at the beginning of the year[16]. - Total liabilities increased to ¥762,549,754.09 in Q3 2022, up from ¥600,215,284.72 in the previous year, marking a growth of 27.01%[19]. - The company’s total liabilities increased, leading to a significant change in the financing activities cash flow, which was RMB 128,450.23 million, compared to RMB -1,343.60 million in the previous year[10]. - The total liabilities to equity ratio as of Q3 2022 was approximately 0.38, compared to 0.78 in the previous year, showing improved financial leverage[19]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥802,098,305.19, a significant decrease of 765.19%[5]. - The net cash flow from operating activities turned negative at RMB -80,209.83 million, a decline of 765.19% compared to RMB 12,058.24 million in the previous year, mainly due to reduced income and sales collections impacted by the pandemic[10]. - The total cash inflow from operating activities was CNY 2,118,875,118.86, compared to CNY 840,646,352.45 in the previous period, indicating a significant increase[21]. - The net cash flow from operating activities was -CNY 802,098,305.19, a decline from CNY 120,582,363.76 in the same period last year[21]. - Cash inflow from financing activities reached CNY 1,465,562,480.00, a substantial increase from CNY 30,000,000.00 in the previous period[22]. - The net cash flow from financing activities was CNY 1,284,502,280.02, compared to -CNY 13,435,976.69 in the same period last year[22]. Investments and Income - Interest income surged by 838.52% to RMB 1,130.16 million from RMB 120.42 million year-on-year, attributed to increased interest income from raised funds[9]. - The company reported a financial income of ¥11,301,567.39 in Q3 2022, compared to ¥1,204,196.41 in Q3 2021, indicating a substantial increase[19]. - The company reported a 646.91% increase in cash and cash equivalents, totaling ¥111,601.51 at the end of the reporting period[8]. - The company’s capital reserve increased by 511.28% to ¥138,100.42 due to stock issuance[8]. - The company’s other income decreased by 84.38% to RMB 54.54 million, primarily due to the absence of government subsidies received in 2021[9]. Inventory and Expenses - The company’s inventory rose to RMB 378,166,508.46, up from RMB 296,678,989.74, indicating a 27.48% increase in stock levels[16]. - Total operating costs for Q3 2022 were ¥529,409,249.41, down 4.61% from ¥555,066,075.74 year-on-year[19]. - Research and development expenses for Q3 2022 were ¥29,507,173.17, slightly up from ¥29,487,013.35 in the same period last year[19]. - The company reported a 390.63% increase in asset impairment losses, amounting to RMB -659.90 million, primarily due to increased inventory write-downs influenced by the pandemic[9]. - Financial expenses decreased by 225.21% to RMB -764.69 million, reflecting increased interest income from raised funds[9]. Future Outlook - The company plans to continue expanding its market presence and investing in new projects[5]. - The company had a total of 31,403 ordinary shareholders at the end of the reporting period[12].

Financial Performance - The company's operating revenue for the reporting period was ¥396,926,684.58, a decrease of 11.71% compared to the same period last year[26]. - Net profit attributable to shareholders was ¥49,636,104.52, down 34.72% year-on-year[26]. - Basic and diluted earnings per share were both ¥0.27, a decrease of 55.74% from the previous year[26]. - The company's gross profit margin for general equipment manufacturing was 39.35%, down 5.89% from the previous year[76]. - The company's sales revenue from domestic markets was ¥376,546,399.54, a decrease of 13.14% year-on-year[76]. - The company's sales revenue from exports was ¥20,078,691.60, an increase of 25.85% year-on-year[76]. - The total comprehensive income for the first half of 2022 was CNY 49,636,104.52, down 34.7% from CNY 76,039,099.12 in the same period of 2021[186]. - The net profit for the first half of 2022 was CNY 49,636,104.52, down 34.7% from CNY 76,039,099.12 in the first half of 2021[186]. - The total profit for the first half of 2022 was CNY 61,865,486.19, down 32.6% from CNY 91,761,588.46 in the first half of 2021[185]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥67,169,398.35, representing a decline of 163.75% compared to the previous year[26]. - The company's cash and cash equivalents increased by 3,009.88% to ¥1,326,755,949.55, primarily due to increased cash flow from fundraising[74]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,500,454,820, representing 55.03% of total assets, an increase of 44.15% compared to the previous year[80]. - The company's operating cash flow decreased by 163.75% to -¥67,169,398.35, mainly due to reduced collections and increased payments for raw materials[74]. - The net cash flow from financing activities was 1,302,405,416.34, compared to -8,682,799.62 in the first half of 2021, indicating a strong financing position[193]. - The total cash and cash equivalents at the end of the period reached 1,389,947,002.39, significantly up from 80,682,319.38 in the previous year[193]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,726,509,692.36, an increase of 98.47% compared to the end of the previous year[26]. - The company's total liabilities increased to CNY 1,200,000,000, with a notable rise in accounts payable to CNY 178,286,168.51 from CNY 173,692,603.63[176]. - The total current assets increased to CNY 2,523,141,195.99 from CNY 1,199,008,344.17, reflecting a growth of approximately 110.9%[176]. - Short-term borrowings rose to CNY 300,303,361.10 from CNY 190,370,633.33, representing an increase of about 57.9%[176]. - The company's equity attributable to shareholders reached CNY 1,898,852,729.90, a substantial increase from CNY 389,911,140.47 at the beginning of the year, reflecting strong retained earnings[182]. Research and Development - The company holds 23 invention patents and 77 utility model patents, indicating strong R&D capabilities[35]. - The company is focusing on research and development of energy-saving valve technologies, aiming to maintain its technological leadership in the market[48]. - The company has established a performance evaluation and reward system for R&D personnel, ensuring continuous innovation and technological advancement[54]. - Research and development expenses for the first half of 2022 were CNY 17,615,251.93, compared to CNY 19,454,839.18 in the same period of 2021, reflecting a decrease of 9.4%[185]. - The company is focusing on increasing R&D investment in industrial valve products to expand market share and enhance core competitiveness[107]. Market Position and Strategy - The company is positioned as a leading supplier in the water-saving valve industry, with products applied in major projects like the Three Gorges Project and Beijing Daxing International Airport[34]. - The company plans to leverage the accelerated investment in water conservancy construction to enhance its market position[38]. - The company has developed a comprehensive range of valve products, including gate valves, butterfly valves, and pressure reducing valves, to meet one-stop procurement needs in the water supply and drainage sector[42]. - The company plans to expand its production base for water-saving valves in Shanghai, with a total commitment of ¥40,502 million[91]. - The company is exploring potential mergers and acquisitions to strengthen its market position[200]. Operational Challenges - The company faces capacity constraints due to rapid business growth, necessitating an increase in production capacity to meet rising customer demand[59]. - The company has been affected by the COVID-19 pandemic, implementing measures to ensure production continuity and timely delivery to customers[63]. - The ongoing COVID-19 pandemic continues to pose uncertainties that may impact the company's operations and profitability[112]. - The company is addressing the challenges of increased operational complexity due to expansion and is optimizing management measures to enhance operational capabilities[109]. Corporate Governance and Compliance - The company will not distribute cash dividends or issue bonus shares for the reporting period[10]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[117]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[136]. - The company maintains a good communication relationship with creditors and has never defaulted on debt obligations[123]. - The company has not reported any significant environmental penalties or issues during the reporting period[122].

Financial Performance - The company's operating revenue for 2021 was CNY 1,046,848,450.35, representing a 3.10% increase compared to CNY 1,015,364,069.92 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 192,314,383.05, a significant increase of 73.11% from CNY 111,091,216.79 in the previous year[18]. - The net cash flow from operating activities reached CNY 217,452,372.73, marking a 69.68% increase compared to CNY 128,156,214.58 in 2020[18]. - The basic earnings per share for 2021 was CNY 1.53, up 71.91% from CNY 0.89 in 2020[18]. - Total assets at the end of 2021 amounted to CNY 1,373,769,404.61, reflecting a 16.30% increase from CNY 1,181,274,934.92 at the end of 2020[18]. - The net assets attributable to shareholders increased by 33.12% to CNY 773,554,119.89 from CNY 581,094,865.23 in 2020[18]. - The company reported a weighted average return on equity of 28.39% for 2021, an increase of 5.37% from 23.02% in 2020[18]. - The net profit after deducting non-recurring gains and losses was CNY 167,243,370.88, a slight increase of 1.85% from CNY 164,207,227.27 in 2020[18]. Dividend Policy - The company plans to distribute a cash dividend of CNY 3.80 per 10 shares (including tax) to all shareholders[5]. - The cash dividend amount represents 100% of the total distributable profit of 64,146,470.59 yuan[162]. - The company will ensure that cash dividends are at least 20% of the distributable profit for the year, provided conditions are met[162]. - The profit distribution policy is consistent with the company's articles of association and has been approved by the board of directors[162]. Research and Development - The company holds 23 invention patents and 81 utility model patents, demonstrating its strong commitment to research and development[35]. - Research and development expenses increased by 5.31% to ¥43,037,343.47 compared to the previous year[73]. - Major R&D projects include the development of a smart control valve, aimed at enhancing remote automation control and meeting market demands[74]. - The company is focusing on expanding its product range to meet the demands of the smart water management market[75]. - The company is investing 50 million RMB in R&D for innovative technologies over the next two years[135]. Market Position and Strategy - The company is recognized as a leading supplier of water-saving valves in China, with its products applied in major projects such as the Three Gorges Project and the Beijing Daxing International Airport[34]. - The company anticipates continued growth in the water-saving valve market, driven by urbanization and infrastructure investment in water resources[30]. - The company is focusing on market development by enhancing customer relationships and exploring new applications for its products, particularly in the smart water management sector[100]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region by 2023[129]. - A strategic acquisition of a local competitor is expected to be finalized in Q2 2022, which is anticipated to enhance market share by 15%[130]. Operational Efficiency - The company has established a strict procurement and payment system, ensuring effective supplier management and procurement processes[39]. - The company primarily organizes production based on customer orders, maintaining a certain level of safety stock to meet demand[40]. - The company aims to enhance its supply chain efficiency, targeting a reduction in lead time by 15%[133]. - The company plans to enhance production efficiency and optimize product structure to improve technological content and core competitiveness[99]. Governance and Compliance - The company strictly adheres to relevant laws and regulations, ensuring a governance structure that protects the rights of all shareholders, particularly minority shareholders[111]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements and promoting professional decision-making[112]. - The company has established a comprehensive internal control system to maintain operational independence from its controlling shareholder[117]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[172]. Challenges and Risks - The company faces challenges with insufficient production capacity to meet the growing order demand, necessitating an increase in capacity[50]. - The company recognizes the need to further cultivate and attract high-end talent to enhance its core competitiveness[51]. - The company faces risks related to rising raw material prices, which could adversely affect profitability if product prices do not adjust accordingly[104]. - The ongoing COVID-19 pandemic poses operational risks, including delays in procurement and production, which could affect overall business performance[106]. Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 20%, driven by new product launches and market expansion strategies[127]. - The company aims to launch three new product lines in 2022, which are projected to contribute an additional 200 million RMB in revenue[126]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2022, indicating an expected growth of 25%[134]. - The company plans to maintain a stable and continuous profit distribution policy, ensuring it does not exceed the cumulative distributable profits[199].

Financial Performance - The company's operating revenue for 2021 was ¥1,046,848,450.35, representing a 3.10% increase compared to ¥1,015,364,069.92 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥192,314,383.05, a significant increase of 73.11% from ¥111,091,216.79 in the previous year[18]. - The net cash flow from operating activities reached ¥217,452,372.73, marking a 69.68% increase from ¥128,156,214.58 in 2020[18]. - Basic earnings per share for 2021 were ¥1.53, up 71.91% from ¥0.89 in 2020[18]. - Total assets at the end of 2021 amounted to ¥1,373,769,404.61, reflecting a 16.30% increase from ¥1,181,274,934.92 at the end of 2020[18]. - The net assets attributable to shareholders increased by 33.12% to ¥773,554,119.89 from ¥581,094,865.23 in 2020[18]. - The company reported a weighted average return on equity of 28.39% for 2021, an increase of 5.37% from 23.02% in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥167,243,370.88, a slight increase of 1.85% from ¥164,207,227.27 in 2020[18]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[123]. - The gross profit margin for 2021 was reported at 35%, a slight increase from 33% in 2020[124]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥3.80 per 10 shares (before tax) to all shareholders[5]. - The total distributable profit for the year is reported at 64,146,470.59 CNY, with the cash dividend amounting to 100% of the total profit distribution[160]. - The company has a profit distribution policy prioritizing cash dividends, aiming for a minimum of 80% cash distribution in mature stages without major capital expenditures[156]. - The company plans to distribute cash dividends of at least 30% of the distributable profits for the year unless there are losses[200]. - Cash dividends should not be less than 20% of the distributable profits achieved in the current year[199]. - The company aims to maintain a cash dividend distribution policy that ensures at least 80% of profits are distributed when in a mature stage without major capital expenditures[198]. Research and Development - The company holds 23 invention patents and 81 utility model patents, showcasing its strong R&D capabilities[35]. - The company focuses on the research and development of valve sealing, reliability, and intelligent technology, emphasizing water-saving and energy-saving technologies for valves[38]. - Research and development expenses increased by 5.31% to ¥43,037,343.47 compared to the previous year[72]. - The number of R&D personnel rose by 6.67% to 96, with their proportion in the workforce increasing to 10.86%[76]. - The company has developed new products such as intelligent fire hydrants and smart control valves, expanding the application of its core technologies[54]. - The company is actively developing new products and technologies to enhance market competitiveness and meet customer demands[75]. Market Position and Strategy - The company is recognized as a leading supplier of water-saving valves in China, with a significant market position[32]. - The demand for water-saving valves is expected to grow due to increasing emphasis on water resource efficiency in China[30]. - The company aims to maintain its leading position in the domestic water-saving valve market and increase investment in research and development[98]. - The company is focusing on smart water management market development to strengthen its market position[98]. - The company plans to enhance production efficiency and optimize product structure to improve technical content[98]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region over the next two years[127]. Operational Efficiency - The company primarily organizes production based on customer orders, maintaining a certain level of safety stock to meet demand[39]. - The company has established a strict procurement and payment system, ensuring effective supplier management and procurement processes[39]. - The company has a strong focus on quality control, implementing rigorous inspection and monitoring throughout the production process[45]. - The company aims to improve production efficiency and market competitiveness through new product developments[74]. - The company is enhancing its information systems to improve data management and operational efficiency, aiming for better integration of business processes[101]. Corporate Governance - The company strictly adheres to relevant laws and regulations, ensuring a high level of corporate governance and protecting the rights of all shareholders, particularly minority shareholders[110]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements and effective decision-making[111]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws and regulations[112]. - The company has a robust internal control system and independent financial management, ensuring compliance with tax obligations and financial independence[115]. - The company has implemented effective information disclosure practices, ensuring timely and accurate communication with investors[112]. Challenges and Risks - The company faces challenges such as insufficient production capacity to meet growing customer demand[49]. - There is a need for further cultivation and recruitment of high-end talent to enhance core competitiveness[50]. - The company faces risks related to raw material price fluctuations, which could adversely affect profitability if sales prices do not adjust accordingly[103]. - The ongoing COVID-19 pandemic poses operational risks, affecting procurement, production, and sales processes, which could impact overall performance[106]. - The company acknowledges the risks associated with intensified market competition and plans to adapt its strategies to maintain its competitive position[105]. Employee Management - The total number of employees at the end of the reporting period was 884, with 430 in the parent company and 454 in major subsidiaries[150]. - The company has established a training plan to enhance employee capabilities and promote career development[153]. - The company emphasizes a stable profit distribution policy, considering the opinions of independent directors and minority shareholders[155]. - The company has no retired employees requiring financial support, indicating a focus on current workforce management[151]. Future Outlook - The company has provided a performance guidance for 2022, expecting a revenue growth of 10% to 12%[125]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2022, indicating an expected growth rate of 25%[132]. - The company plans to implement a new marketing strategy focusing on digital channels, aiming for a 40% increase in online sales[125]. - The management team remains stable with no changes in key personnel during the reporting period[126].