Company Recognition and Achievements - The company was recognized as a "Growth Star" in the third China Die Casting Industry Awards in May 2021[5]. - The company was certified as a "Little Giant" enterprise in Wuxi in November 2021[6]. - The company successfully listed on the Beijing Stock Exchange on November 24, 2021[7]. - The company achieved recognition as a smart workshop in Wuxi in May 2021[9]. - The company has been recognized as a "2021 Advanced Enterprise in Safety Production" and received various awards for its contributions to the industry[53]. Financial Performance - The company's operating revenue for 2021 was CNY 377,470,602.37, representing a 45.08% increase compared to CNY 260,182,703.64 in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 56,518,296.82, a 30.00% increase from CNY 43,477,238.40 in 2020[31]. - The total assets at the end of 2021 amounted to CNY 510,569,865.12, reflecting a 135.95% increase from CNY 216,393,411.85 at the beginning of the year[33]. - The company's debt-to-asset ratio (consolidated) was 22.15% at the end of 2021, down from 55.01% in the previous year[33]. - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 39.44% for 2021, compared to 55.63% in 2020[31]. - The basic earnings per share for 2021 was CNY 0.82, a decrease of 49.38% from CNY 1.62 in 2020[31]. - The net cash flow from operating activities for 2021 was CNY 30,187,808.88, an 18.41% increase from CNY 25,494,739.20 in 2020[34]. - The total number of ordinary shares at the end of 2021 was 91,564,500, representing a 226.14% increase from 28,075,000 at the beginning of the year[38]. Risks and Challenges - The actual controller and major shareholders hold 71.97% of the company's total shares, which may pose risks related to improper control[15]. - The company is exposed to risks from fluctuations in raw material prices, particularly aluminum alloy ingots, which can significantly impact costs[15]. - The company faces intense competition in the metal products industry, which may affect its market position if it fails to innovate[16]. - The company has not experienced significant changes in major risks during the reporting period[16]. - The company has identified no new risk factors during the reporting period[137]. Research and Development - The company has a strong focus on R&D, holding 106 patents, including 2 invention patents and 104 utility model patents, enhancing its competitive edge in the market[51]. - Research and development expenses surged by 67.85% to 18.37 million yuan, indicating a strong focus on innovation and product development[66]. - The total number of R&D personnel rose from 67 to 92, with the proportion of R&D staff to total employees increasing from 10.58% to 14.11%[103]. - The company has developed several key projects, including high-strength steering motor shell and adjustable electric slotting machine components, enhancing its technological capabilities[105]. Market and Sales Performance - The automotive parts segment saw a revenue increase of 58.41%, contributing an additional 47,945,500 yuan, driven by demand for new energy vehicle components[82]. - The company has optimized its product sales structure, resulting in a significant increase in sales of high-margin orders, particularly in electric tools, which saw a year-on-year doubling in sales[56]. - Domestic sales contributed 77.57% of main business revenue, with significant growth driven by major clients in the East China region, particularly Makita (China) and Kunshan Gaosheng[84]. Operational Efficiency and Management - The company has implemented automation technology upgrades, increasing production efficiency and product quality while reducing labor costs[57]. - The company is implementing advanced management techniques and performance management systems to improve operational efficiency[126]. - The company maintains a stable business model with no significant changes in its core operations or customer base during the reporting period[55]. Commitments and Compliance - The company emphasizes its commitment to social responsibility, including tax compliance and environmental sustainability initiatives[120]. - The company has made commitments to pay social insurance and housing provident fund contributions[142]. - The company guarantees to fulfill all commitments made during the public offering process, and if unable to do so, will publicly explain the reasons and propose alternative commitments to protect investors' rights[192]. Shareholder and Stock Management - The actual controller made an irrevocable commitment to not occupy fire safety facilities and to bear all economic losses caused by any violations during the operation of the company[144]. - The controlling shareholders committed to a twelve-month lock-up period for their shares following the public offering, with restrictions on transferring or managing shares during this time[147]. - The company has implemented a stock price stabilization plan effective for three years following its public offering, with specific triggering conditions for activation[153]. - The company commits to enhancing its main business profitability and expanding domestic and international markets to achieve stable growth in operating performance[166].