Financial Performance - The company's operating revenue for 2022 was CNY 380,951,069.13, a decrease of 2.27% compared to the previous year[3] - Net profit attributable to shareholders was CNY 39,591,065.91, down 2.84% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 6.49% to CNY 35,301,289.75[5] - Basic earnings per share decreased by 6.82% to CNY 0.41[5] - Total assets at the end of the reporting period were CNY 650,847,736.67, a decrease of 0.72% from the beginning of the period[5] - Shareholders' equity attributable to the company increased by 5.27% to CNY 509,538,731.32[5] External Factors - The decline in revenue was attributed to external factors such as the COVID-19 pandemic and the Russia-Ukraine conflict, which reduced market demand for filters[6] Exchange Gains - The increase in net profit after deducting non-recurring gains was mainly due to significant appreciation of the US dollar, leading to increased exchange gains[6] Equity Growth - The company's equity growth was primarily driven by stock incentives and operational profits[6] Cautionary Note - The financial data presented is preliminary and unaudited, and investors are advised to be cautious regarding investment risks[7]

Financial Performance - Net profit attributable to shareholders for the first nine months of 2022 was CNY 29,028,572.11, representing a decline of 16.13% year-on-year[17]. - Operating income for the first nine months of 2022 reached CNY 291,937,482.69, an increase of 3.04% compared to the same period last year[17]. - The company reported a net profit of approximately 31,832,937.21 yuan, a year-on-year decrease of 8.02% after adjustments[36]. - The adjusted net profit excluding non-recurring items was approximately 30,215,194.15 yuan, representing a year-on-year increase of 7.74%[36]. - Net profit for 2022 was ¥29,215,208.64, compared to ¥34,764,586.50 in 2021, reflecting a decrease of approximately 16.1%[50]. - The net profit attributable to the parent company for the current period is CNY 14,943,591.94, compared to CNY 9,880,754.22 in the same period last year, representing an increase of approximately 51.5%[51]. - The total comprehensive income attributable to the parent company is CNY 15,032,068.70, up from CNY 9,954,770.37 year-over-year, indicating a growth of about 51.1%[51]. Cash Flow - Cash flow from operating activities for the first nine months of 2022 was CNY 56,255,281.35, a significant increase of 503.53% year-on-year[17]. - The company reported a 434.35% increase in cash flow from operating activities in the third quarter of 2022 compared to the same period last year[18]. - Operating cash flow for the first nine months of 2022 was CNY 56,255,281.35, a significant increase from CNY 9,321,006.82 in the same period of 2021, representing a growth of 503.5%[58]. - Total cash inflow from operating activities reached CNY 290,242,145.41, compared to CNY 282,386,257.23 in 2021, indicating a year-over-year increase of 2.9%[58]. - Cash outflow from operating activities decreased to CNY 233,986,864.06 from CNY 273,065,250.41, reflecting a reduction of 14.3%[58]. - The ending cash and cash equivalents balance increased to CNY 68,570,813.45 from CNY 42,787,712.99, representing a growth of 60.5%[59]. - The net increase in cash and cash equivalents for the period was CNY 32,719,374.18, a recovery from a net decrease of CNY 102,392,780.98 in the previous year[59]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to CNY 648,331,987.90, a decrease of 1.10% compared to the end of the previous year[17]. - The company's net assets attributable to shareholders increased by 5.36% year-on-year, reaching CNY 509,942,866.01 as of September 30, 2022[17]. - The company's cash and cash equivalents increased by 91.26% year-on-year, totaling CNY 32,719,374.18[19]. - The balance of contract liabilities decreased by 73.12% year-on-year, primarily due to a reduction in advance payments received[20]. - Total liabilities decreased to ¥137.77 billion from ¥171.12 billion, a decline of about 19.4%[43]. - Shareholders' equity increased to ¥510.57 billion from ¥484.45 billion, representing an increase of approximately 5.4%[44]. - The company’s cash and cash equivalents position improved, contributing to a stronger liquidity position despite the overall decrease in total assets[48]. Expenses and Investments - Operating profit decreased by 7,917,831.74 CNY, a year-on-year decrease of 19.40%, attributed to reduced government subsidies and increased fixed asset depreciation[23]. - Investment income decreased by 806,200.46 CNY, a year-on-year decrease of 48.95%, due to reduced returns from idle funds invested in financial products[23]. - The company's management expenses increased by 2,845,366.77 CNY, a year-on-year increase of 30.28%, mainly due to increased share-based payment expenses[22]. - Research and development expenses for 2022 were ¥9,715,644.41, up from ¥8,741,357.67 in 2021, indicating an increase of approximately 11.1%[49]. - Research and development expenses for the current period are CNY 2,921,263.60, down from CNY 3,776,284.34 in the same period last year, reflecting a decrease of about 22.7%[53]. Shareholder Information - The total number of shares held by the top ten shareholders is 70,335,513, representing 72.9857% of the total shares[31]. - The largest shareholder, Wu Jieshu, holds 43,815,600 shares, accounting for 45.4665% of the total shares[31]. - The company plans to repurchase between 1,009,065 and 2,009,065 shares at a maximum price of 5.50 yuan per share, accounting for 1.05%-2.08% of the total share capital[37]. Other Information - The company has no significant litigation or arbitration matters pending as of the report date[36]. - The company has fulfilled all commitments made during its public offering, including dividend commitments and measures to stabilize stock prices[37]. - The company confirmed that there were no major external guarantees or loans provided during the reporting period[36].

Certification and Recognition - The company completed energy management system certification in June 2022[3]. - The company was recognized as a provincial-level green factory by the Anhui Provincial Economic and Information Technology Department in June 2022[6]. - The company has been recognized as a national-level "specialized, refined, characteristic, and innovative" enterprise[39]. - The company completed the provincial-level "Green Factory" certification during the reporting period[67]. Patent and Innovation - The company obtained 2 new patent authorizations in June 2022[5]. - The company holds 152 various patents, ranking it among the top in the industry for intellectual property[36]. - The company is focusing on R&D innovation, having obtained 2 new utility model patents during the reporting period[41]. - Research and development expenses increased by 36.84% to $6.79 million, reflecting a commitment to new product development[49]. Financial Performance - The company's operating revenue for the current period is CNY 193,378,923.40, representing a 4.38% increase compared to CNY 185,270,117.62 in the same period last year[30]. - The net profit attributable to shareholders of the listed company decreased by 43.04% to CNY 14,084,980.17 from CNY 24,728,851.68 in the previous year[30]. - The gross profit margin for the current period is 18.62%, down from 24.48% in the previous year[30]. - The basic earnings per share decreased by 42.31% to CNY 0.15 from CNY 0.26 in the previous year[30]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 700.91% to CNY 19,374,790.82 from CNY 2,419,104.10 in the previous year[32]. - As of June 30, 2022, total assets amounted to CNY 612.92 million, a decrease of 6.51% year-on-year, while net assets increased by 2.04% to CNY 493.90 million[41]. - The total liabilities decreased by 30.76% to CNY 118,485,205.87 from CNY 171,121,829.71 at the end of the previous year[31]. - The company's total current assets decreased from CNY 312,882,417.16 to CNY 264,944,747.25, a decline of approximately 15.3%[129]. Market and Competition - The company faces significant market competition risks due to the large number of domestic and international manufacturers in the automotive filter market[14]. - The automotive filter market is closely tied to vehicle production and ownership, with a reported 4.06 billion vehicles in China, including 310 million cars, indicating a stable market capacity for filters[42]. - The company exports products to over 30 countries, making it vulnerable to changes in trade policies and international relations[14]. - The automotive filter industry is expected to see structural adjustments towards higher filtration efficiency and longer service life, driven by new national standards and consumer awareness[45]. Shareholder and Equity Management - The company distributed cash dividends totaling CNY 6.26 million as part of its shareholder return plan[41]. - The company has issued 287.8 million restricted stocks, with 268 million actually granted to 87 individuals[95]. - The estimated total expense for the stock incentive plan is approximately 8.99 million CNY, with impacts on net profit of about 1.86 million CNY in the reporting period[83]. - The company is committed to actively implementing profit distribution methods, prioritizing cash dividends when conditions permit[84]. Risk Management - The company has not experienced significant changes in major risks during the reporting period[15]. - The company is exposed to exchange rate fluctuations, particularly with USD and EUR, which could impact revenue and profit margins[71]. - The company has implemented measures to mitigate raw material price volatility, including expanding in-house production of non-woven filter materials[71]. - The company has no overdue receivables or expected impairments from its financial products[61]. Compliance and Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[11]. - The company has not undergone an audit for this semi-annual report[12]. - The company has established measures to avoid conflicts of interest and ensure compliance with relevant laws and regulations[86]. - The company has committed to not using its position to improperly occupy or transfer funds and assets from the company[86]. Investment and Financial Strategy - The company plans to continue expanding its product development efforts and may explore further market opportunities[50]. - The company plans to continue its investment strategy in structured deposits and broker financial products[62]. - The company has successfully recovered all actual income from its financial products during the reporting period[62]. - The company is focused on enhancing its operational efficiency and expanding its market reach through strategic initiatives and potential mergers and acquisitions[168].

Financial Performance - Operating revenue for the first quarter of 2022 was approximately CNY 106.91 million, representing a 21.29% increase year-on-year[15]. - Net profit attributable to shareholders for the first quarter of 2022 was approximately CNY 8.45 million, a decrease of 41.77% compared to the same period last year[15]. - The net profit after deducting non-recurring gains and losses for the first quarter of 2022 was approximately CNY 8.07 million, a decrease of 17.03% year-on-year[15]. - The company reported a significant increase in research and development expenses, totaling ¥2,560,041.50 in Q1 2022, compared to ¥2,357,835.15 in Q1 2021[48]. - Net profit for Q1 2022 was 9,028,807.56, down from 13,645,627.78 in the first quarter of 2021, indicating a decline of about 33.5%[52]. - The company reported a total comprehensive income of 9,028,807.56 for Q1 2022, compared to 13,645,627.78 in Q1 2021, showing a decrease of approximately 33.5%[53]. Assets and Liabilities - Total assets as of March 31, 2022, reached approximately CNY 659.95 million, a 0.67% increase compared to the end of the previous year[15]. - The company's asset-liability ratio (consolidated) as of March 31, 2022, was 25.16%, up from 24.12% at the end of the previous year[15]. - The company's total liabilities decreased to CNY 166,063,232.84 from CNY 171,121,829.71 year-over-year[41]. - Total current assets as of March 31, 2022, amounted to ¥302,577,696.58, slightly down from ¥305,509,050.61 at the end of 2021[44]. - Total non-current assets increased to ¥345,992,160.65 as of March 31, 2022, compared to ¥338,403,207.66 at the end of 2021[44]. - Total assets reached ¥648,569,857.23 as of March 31, 2022, up from ¥643,912,258.27 at the end of 2021[45]. - Total liabilities decreased to ¥157,759,454.59 as of March 31, 2022, from ¥163,091,050.92 at the end of 2021[45]. Cash Flow - The net cash flow from operating activities increased by 223.69% year-on-year, amounting to approximately CNY 7.32 million, primarily due to increased cash receipts from sales[17]. - Cash flow from operating activities generated a net inflow of 7,324,641.70 in Q1 2022, compared to a net outflow of -5,921,641.91 in Q1 2021[56]. - Cash and cash equivalents at the end of Q1 2022 totaled 61,233,171.84, up from 29,712,139.43 at the end of Q1 2021[56]. - Investment activities generated a net cash inflow of 11,876,567.39 in Q1 2022, a significant improvement from a net outflow of -112,150,767.62 in Q1 2021[56]. - The total cash and cash equivalents at the end of Q1 2022 reached $59,981,678.85, a substantial increase from $27,322,702.54 at the end of Q1 2021[58]. - The net increase in cash and cash equivalents for Q1 2022 was $24,330,941.79, contrasting with a net decrease of $116,136,276.63 in Q1 2021, highlighting a strong recovery in liquidity[58]. Shareholder Information - The number of ordinary shareholders as of the reporting period was 6,734[22]. - The largest shareholder, Wu Jieshu, holds 43,815,600 shares, representing 45.47% of total shares[25]. - The second largest shareholder, Bengbu Finis, holds 10,800,000 shares, accounting for 11.21% of total shares[25]. - The total number of shares held by the top ten shareholders is 70,335,513, which is 72.99% of the total shares[25]. - The company has implemented an employee stock incentive plan, granting 2.878 million restricted shares to 98 individuals[31]. Corporate Governance and Commitments - The company has commitments in place to avoid competition and regulate related transactions, which are currently being fulfilled[32]. - The company has not engaged in any share buyback activities during the reporting period[29]. - The company has pledged to stabilize its stock price, committing to buy back shares if the stock price falls below the issuance price for 20 consecutive trading days within three months of listing[33]. - The company has committed to measures to mitigate dilution of immediate returns, focusing on strengthening business operations and internal controls[33]. - The company has committed to avoid related party transactions that could harm its interests and to link executive compensation to the execution of return measures[33]. Other Financial Metrics - The company reported a weighted average return on equity of 1.72% for the first quarter of 2022, down from 3.16% in the same period last year[15]. - Basic earnings per share for Q1 2022 were ¥0.0894, down from ¥0.1557 in Q1 2021[49]. - The company recorded other income of 485,797.45 in Q1 2022, a significant decrease from 5,480,987.58 in Q1 2021[52].

Company Performance - The company's operating revenue for 2021 was CNY 389,809,129.91, representing a year-on-year increase of 28.92% compared to CNY 302,373,731.02 in 2020[29]. - The net profit attributable to shareholders for 2021 was CNY 40,747,001.05, a decrease of 14.01% from CNY 47,384,226.95 in 2020[29]. - The gross profit margin for 2021 was 20.86%, down from 32.76% in 2020[29]. - The total assets at the end of 2021 amounted to CNY 655,571,748.33, an increase of 8.71% from CNY 603,038,236.75 at the end of 2020[30]. - The total liabilities increased by 11.70% to CNY 171,121,829.71 at the end of 2021, compared to CNY 153,194,795.19 at the end of 2020[30]. - The weighted average return on equity based on net profit attributable to shareholders was 8.71% in 2021, down from 15.05% in 2020[29]. - The net cash flow from operating activities for 2021 was CNY 22,509,668.00, a significant decrease of 62.91% from CNY 60,694,339.13 in 2020[32]. - The company reported a basic earnings per share of CNY 0.44 in 2021, down 33.33% from CNY 0.66 in 2020[29]. - The company achieved operating revenue of CNY 389,809,129.91 in 2021, representing a year-on-year growth of 28.92%[49]. - The net profit attributable to shareholders decreased by 14.01% to CNY 40,747,001.05 in 2021[49]. - Total assets reached CNY 655,571,748.33, an increase of 8.71% year-on-year, while net assets grew by 7.64% to CNY 484,013,594.06[49]. Market Position and Competition - The company faces significant market competition in the automotive filter sector, with a growing number of domestic and international manufacturers[13]. - Anhui Phoenix exports products to over 30 countries, making it vulnerable to changes in trade policies and international relations[14]. - The domestic automotive market saw a production and sales completion of 26.08 million and 26.27 million vehicles respectively in 2021, with a year-on-year growth of 3.4% and 3.8%[53]. - The domestic automotive ownership reached 302 million vehicles by the end of 2021, increasing by 2.1 million vehicles year-on-year, providing a solid foundation for the aftermarket business[54]. - The automotive filter market is experiencing intense competition due to a growing number of domestic and international manufacturers, which may impact the company's profitability[108]. Innovation and Patents - Anhui Phoenix received 9 new patent authorizations in 2021, ranking among the top 100 invention patents in Anhui Province[6]. - The company has obtained 151 various patents, ranking among the top in the industry for intellectual property[45]. - The company successfully developed 429 new filter products and improved 281 existing products during the year[91]. - The company has filed for 7 patents and obtained 9 patent authorizations during the year[92]. Financial Management and Investments - The company utilized 48,062,900.52 yuan of raised funds during the reporting period, with 31,796,004.56 yuan allocated to the annual production of 25 million units project[144]. - The remaining raised funds amount to 73,179,700.35 yuan, with 44,891,092.03 yuan earmarked for the high-end filter production project[144]. - The company has not changed the intended use of the raised funds, ensuring compliance with the established purposes[144]. - The company has committed to maintaining transparency in its financial reporting, with regular updates on its financial performance[180]. - The company proposed a cash management plan for temporarily idle raised funds, indicating a proactive approach to financial management[185]. Sustainability and Environmental Initiatives - The company anticipates generating approximately 3 million kWh of electricity annually from its distributed photovoltaic power generation system, reducing CO2 emissions by about 2,400 tons per year[6]. - The company has implemented measures to comply with national "dual carbon" policies, focusing on sustainable energy solutions[6]. - The company has initiated the construction of a rooftop distributed photovoltaic power generation system to comply with national carbon neutrality policies[100]. Governance and Management - The company has established a comprehensive governance structure, including various management systems to ensure compliance with laws and regulations[176]. - The company has maintained a stable management structure with no significant changes in key personnel[156]. - The board of directors consists of 9 members, while the supervisory board has 3 members and the senior management team includes 8 individuals[154]. - The company has implemented a system to protect shareholder rights, ensuring fair information disclosure and voting procedures[179]. - The company has established an investor relations management department to safeguard shareholders' right to information[179]. Employee and Shareholder Engagement - The total number of employees at the end of the reporting period was 931, a decrease of 24 from the beginning of the period[161]. - The company implemented a performance-based salary policy, with production positions compensated based on output, while R&D and management positions are evaluated based on comprehensive performance assessments[163]. - The company granted 2.68 million restricted stocks to 87 directors, senior management, and core employees at a price of CNY 5 per share, effective January 25, 2022[170]. - The total number of ordinary shareholders at the end of the reporting period was 7,137[130]. Risk Management - The company is implementing measures to mitigate risks associated with currency exchange rate fluctuations by increasing the proportion of transactions settled in RMB[110]. - The company faces risks from fluctuations in raw material prices, which significantly affect its main business costs[111]. - The company is actively exploring horizontal industries in filtration to expand its business scope[106].