Financial Performance - The company's sales revenue decreased by 29.64% in the first half of 2022 due to significant impacts from COVID-19 outbreaks in the region[11]. - The company reported a revenue of CNY 51,892,628.04, a decrease of 29.64% compared to the previous year's revenue of CNY 73,750,792.47[25]. - The net profit attributable to shareholders was CNY 8,635,108.52, down 37.82% from CNY 13,888,173.25 in the same period last year[25]. - The gross profit margin decreased to 30.21% from 34.04% year-on-year[25]. - The company achieved a net cash flow from operating activities of CNY 6,480,413.34, a decline of 49.75% compared to CNY 12,897,545.47 in the previous year[27]. - The company reported a significant decrease in operating profit by 38.76%, totaling $9.67 million compared to $15.79 million last year[50]. - The company experienced a 29.64% decline in sales revenue during the first half of 2022 due to significant COVID-19 outbreaks affecting procurement, production, logistics, and customer loading volumes[71]. Assets and Liabilities - The total assets decreased by 7.11% to CNY 319,815,870.68 from CNY 344,311,230.59 at the end of the previous year[26]. - The total liabilities decreased significantly by 34.57% to CNY 34,304,910.05 from CNY 52,426,594.09[26]. - Cash and cash equivalents decreased by 39.73% to ¥72,658,326.25, primarily due to the purchase of ¥13 million in trading financial assets and the use of funds for raw material purchases totaling ¥30.71 million[46]. - The company's retained earnings decreased by 7.82% to ¥79,703,685.63, indicating a reduction in undistributed profits[46]. - The company's total current assets decreased from ¥246,752,445.65 to ¥214,785,116.15, a decline of approximately 12.9%[112]. Research and Development - The company has established a professional technology R&D center focused on the research and development of automotive and engineering drive shafts[32]. - The company has adopted new hydraulic forging technology, achieving over 20% savings in raw materials for drive shaft components[32]. - The company is focusing on expanding its R&D capabilities and enhancing its product offerings in the automotive sector[44]. - The company is committed to developing a national-level R&D and experimental platform for intelligent automotive drive shafts[36]. - The company will enhance R&D efforts and introduce high-standard talent to seize the technological high ground in the drive shaft industry[36]. Market and Strategy - The company has a comprehensive international development strategy aimed at increasing its market share and business expansion capabilities[34]. - The company aims to achieve a production capacity of 400,000 sets of drive shafts in 2022[36]. - The company plans to increase the market share of drive shafts in engineering machinery and rail vehicles as a key market expansion strategy[36]. - The company targets to increase the proportion of export sales revenue to over 30% of total revenue in 2022[36]. - The international market saw a growth of 44.18% year-on-year, attributed to increased demand in the Russian market despite the ongoing conflict[56]. Risks and Controls - The company faces risks related to macroeconomic slowdown, which could lead to decreased demand for its transmission products in the automotive sector[10]. - The company is exposed to product quality risks, as any significant quality issues could lead to major claims and damage to brand reputation[10]. - The company has established a comprehensive internal control system, but risks remain regarding improper control by major shareholders[10]. - The company is focused on improving internal controls and credit management to effectively track and recover accounts receivable[69]. - The company has implemented strict environmental protection measures, ensuring compliance with relevant laws and standards in its production processes[63]. Shareholder and Governance - The total number of ordinary shares is 105,100,000, with 32.94% held by the controlling shareholder and actual controller[85]. - The largest shareholder, Chen Hongkai, holds 55,794,500 shares, accounting for 53.09% of total shares[88]. - The company has ongoing commitments to avoid direct or indirect provision of funds to controlling shareholders and related parties[76]. - The company appointed a new director, Wang Yuling, to enhance corporate governance structure[105]. - The company has not reported any significant asset impairment losses during the reporting period[131]. Financial Management - The company raised a total of RMB 113,562,500 through the issuance of 28.75 million new shares at a price of RMB 3.95 per share, with a net amount of RMB 102,704,583 after deducting issuance costs[93]. - The company has not changed the intended use of the raised funds, and there were no instances of using raised funds to replace self-raised funds[96]. - The company distributed a cash dividend of RMB 1.5 per 10 shares on June 23, 2022[99]. - The company has complied with all relevant regulations and procedures regarding profit distribution and capital reserve transfers[100]. - The company has a registered capital of CNY 10,510.00 million, with a total of 10,510.00 million shares issued as of June 30, 2022[135].

河南同心传动股份有限公司 2022 年第一季度报告 1 | 第一节 重要提示 4 | | --- | | 第二节 公司基本情况 5 | | 第三节 重大事件 9 | | 第四节 财务会计报告 10 | 释义 证券代码 : 833454 同心传动 公司董事、监事、高级管理人员保证本报告所载资料不存在虚假记载、误导性陈述或者重大遗漏，并对 其内容的真实性、准确性和完整性承担个别及连带责任。 公司负责人陈红凯、主管会计工作负责人李宏杰及会计机构负责人（会计主管人员）李宏杰保证季 度报告中财务报告的真实、准确、完整。 本季度报告未经会计师事务所审计。 本季度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资者及相关人士均应 对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 | 事项 | | 是或否 | | --- | --- | --- | | 是否存在公司董事、监事、高级管理人员对季度报告内容存在异议或无法保证其真实、 | □是 | √否 | | 准确、完整 | | | | 是否存在未出席董事会审议季度报告的董事 | □是 | √否 | | 是否存在未按要求披露的事项 | □是 | √ ...

Capital Market Development - The company was approved to publicly issue up to 28.75 million new shares, including the exercise of the over-allotment option, as per the approval from the China Securities Regulatory Commission on October 11, 2021[4]. - On November 15, 2021, the company officially listed on the Beijing Stock Exchange, marking a significant milestone in its capital market development[4]. - The company issued 28,750,000 shares, increasing the total share capital from 76,350,000 shares to 105,100,000 shares[25]. - The company raised a total of RMB 113,562,500 through the issuance of 28,750,000 shares at a price of RMB 3.95 per share[156]. - As of December 15, 2021, the total amount of funds raised was RMB 104,264,150.94 after deducting underwriting fees[159]. - The company utilized RMB 14,495,661.91 of the raised funds during the reporting period, with no changes to the intended use of the funds[157]. - The company has a total of RMB 90,066,807.88 remaining in the fundraising account at the end of the reporting period[160]. Financial Performance - The company's total revenue for 2021 was CNY 132,461,233.97, a decrease of 5.45% compared to CNY 140,092,660.53 in 2020[28]. - The net profit attributable to shareholders for 2021 was CNY 23,806,928.80, down 19.59% from CNY 29,605,904.54 in 2020[28]. - The company's total assets increased by 51.23% to CNY 344,311,230.59 in 2021 from CNY 227,671,659.91 at the beginning of the year[30]. - The total liabilities decreased by 15.85% to CNY 52,426,594.09 in 2021 from CNY 62,298,535.63 in 2020[30]. - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 12.39% in 2021, down from 19.26% in 2020[28]. - The company's basic earnings per share decreased by 23.93% to CNY 0.30 in 2021 from CNY 0.39 in 2020[28]. - The gross profit margin declined to 32.90% from 34.70% year-on-year[68]. - Net profit decreased by 19.59% to 2,373.91 million, primarily due to reduced revenue and increased raw material costs[71]. Raw Material and Production Risks - The company faces risks from rapid growth in domestic automotive production capacity and potential restrictions on production and consumption due to environmental concerns[11]. - The company is exposed to risks related to the fluctuation of raw material prices, which could directly affect production costs and profitability[12]. - The company's main raw materials include steel and universal joints, with raw material costs significantly impacting gross margins and operational performance[12]. - The company faces risks from fluctuations in raw material prices, with a significant portion of production costs attributed to steel and components, and plans to improve efficiency to mitigate these risks[126]. Research and Development - The company plans to maintain R&D expenses at no less than 6% of sales revenue, aiming to apply for 2 national invention patents and 6 utility model patents[50]. - The company has established a professional technical R&D center focused on the research and development of automotive and engineering drive shafts[44]. - R&D expenditure amounted to ¥7,856,697.56, representing 5.93% of operating revenue, an increase from 5.44% in the previous period[96]. - The total number of patents owned by the company increased to 42, up from 40 in the previous period[98]. - The proportion of R&D personnel to total employees rose to 17.92%, compared to 15.46% in the previous period[97]. - The company is actively pursuing new product development and technological advancements to enhance its competitive edge in the market[100]. Market Strategy and Expansion - The company targets a production capacity of 400,000 sets of drive shafts in 2022, with a significant increase in revenue and net profit expected[50]. - The company aims to increase the proportion of export sales revenue to over 30% of total revenue in 2022[50]. - The company is pursuing a dual-market strategy, focusing on both domestic and international markets to drive growth[117]. - The company plans to increase the market share of drive shafts in engineering machinery and rail vehicles as a key market expansion strategy, targeting over 30% of total revenue from export sales in 2022[120]. Governance and Compliance - The company has established new governance systems and improved internal management to ensure compliance with relevant laws and regulations[186]. - The board of directors held 9 meetings during the reporting period, addressing significant matters including amendments to the company’s articles of association[191]. - The company implemented measures to protect shareholder rights, including independent director systems and cumulative voting for significant resolutions[188]. - The governance structure has been improved in line with the regulations of the Beijing Stock Exchange, with a focus on enhancing internal control systems and potentially introducing professional managers in the future[196]. Shareholder Information - The company has a total of 12,328 shareholders as of the reporting period[145]. - The company reported a total shareholding of 55,794,500 shares, representing 53.0% of the total shares outstanding[148]. - The total number of shares held by the top ten shareholders is 72,850,000, which constitutes 72.07% of the total shares[151]. - The company has not experienced any changes in its controlling shareholders or actual controllers during the reporting period[153]. - The company has fulfilled all related commitments during the reporting period, with no overdue or violated commitments[139]. Environmental and Social Responsibility - The company emphasizes the importance of environmental protection, ensuring compliance with air and water pollution standards through effective waste management[110]. - The company is committed to enhancing its product and technology leadership through continuous innovation and collaboration with manufacturers[119].