Company Recognition and Market Position - Qingdao Jianbang Automotive Technology Co., Ltd. was recognized as one of the first batch of "Specialized, Refined, Characteristic, and Innovative" small and medium-sized enterprises in Qingdao for 2022, enhancing its core competitiveness and industry influence[7]. - The company has established partnerships with well-known domestic auto parts chains, enhancing its market presence[38]. - The company focuses on the development, design, and sales of non-durable auto parts in the automotive aftermarket[38]. - The company has a diverse product system covering various automotive components, enhancing customer dependency on its multi-product solutions[50]. - The company is focusing on enhancing product value to strengthen competitiveness in response to exchange rate fluctuations[104]. Financial Performance - The company's operating revenue for the current period is CNY 207,551,064.97, a decrease of 3.58% compared to the previous year[30]. - The net profit attributable to shareholders of the listed company is CNY 18,796,388.64, down 9.78% from the same period last year[30]. - The total assets at the end of the current period amount to CNY 563,724,505.25, reflecting a slight increase of 0.40% year-on-year[31]. - The total liabilities decreased by 9.01% to CNY 128,036,982.13 compared to the previous year[31]. - The net cash flow from operating activities increased significantly by 110.92% to CNY 46,927,617.02[32]. - The gross margin decreased to 22.52% from 23.26% year-on-year[78]. - The company reported a significant reduction in other income by 98.80% to ¥24,688.09, compared to the previous year[78]. Research and Development - The company has established a relatively complete R&D system with a strong team, having obtained 66 patents, including 5 invention patents, 58 utility model patents, and 3 design patents[16]. - The company increased its research and development investment in automotive electronic products, achieving sales revenue of ¥2,968,601.30 during the reporting period[55]. - The company focuses on the development of new energy vehicle products, particularly the Tesla Model 3 active intake grille, to meet market demands[54]. - The company employs a flexible market demand-oriented model, emphasizing market research, engineering design, and product validation[40]. Market Risks and Challenges - Approximately 70% of the company's revenue comes from overseas markets, making it susceptible to exchange rate fluctuations and changes in export tax rebate policies[15]. - The company faces management risks due to its expanding business scale and market share, necessitating improvements in management capabilities and internal control systems[12]. - The ongoing COVID-19 pandemic has posed short-term operational challenges, particularly affecting production and logistics, but the company is adapting its strategies to enhance flexibility in the domestic market[16]. - The company is actively expanding its domestic market to mitigate risks associated with high customer concentration and exchange rate fluctuations[15]. Shareholder and Governance Matters - The company emphasizes employee welfare, providing housing subsidies and regular health check-ups, while ensuring compliance with labor laws and maintaining a fair compensation system[100]. - The company is committed to protecting minority shareholders' interests by adhering to governance structures and legal regulations[106]. - The company has established measures to ensure compliance with the relevant regulations regarding compensation for any losses caused by violations of commitments[148]. - The company has committed to timely disclose any failure to fulfill commitments and to compensate investors for any economic losses incurred[154]. Equity Incentive Plan - The first phase of the equity incentive plan was approved, with 1.2 million restricted shares granted to 51 individuals on March 22, 2021[113]. - The equity incentive plan aims to enhance employee motivation and align their interests with those of shareholders[115]. - The company has confirmed that all incentive plan participants met the disclosed conditions for authorization, but the conditions for exercising rights have not yet been fulfilled[125]. - The company expects the positive effects of the incentive plan on performance to outweigh the costs associated with the share-based payments[124]. Operational Efficiency and Management - The company has a well-established supplier system, ensuring product quality and supply stability through rigorous supplier evaluation and management[42]. - The company actively integrates resources from domestic and international suppliers to improve procurement efficiency and reduce costs[45]. - The company has implemented measures to prevent technology leakage, including signing non-compete agreements with core technical personnel and enhancing confidentiality management[16]. - The company is committed to improving fund utilization efficiency and increasing shareholder returns through effective cash management strategies[112].

Financial Performance - Revenue for the first quarter of 2022 was CNY 94,158,350.45, down 3.46% from CNY 97,537,368.09 in the same period last year[17]. - Net profit attributable to shareholders for the first quarter of 2022 was CNY 5,976,513.68, a decrease of 42.34% compared to CNY 10,365,677.91 in the previous year[17]. - Basic earnings per share for the first quarter of 2022 were CNY 0.10, down 60.00% from CNY 0.25 in the same period last year[17]. - Total operating revenue for Q1 2022 was CNY 94,158,350.45, a decrease from CNY 97,537,368.09 in Q1 2021, representing a decline of approximately 2.4%[53]. - Net profit for Q1 2022 was CNY 5,951,967.74, down from CNY 10,338,826.66 in Q1 2021, reflecting a decrease of approximately 42.9%[54]. - Other comprehensive income after tax for Q1 2022 was CNY -79,510.53, compared to CNY -244,122.54 in Q1 2021, showing an improvement of about 67.5%[55]. Cash Flow - Operating cash flow for the first quarter of 2022 increased by 72.85% to CNY 12,353,864.16 from CNY 7,147,120.51 in the same period last year[17]. - Cash flow from operating activities increased to ¥12,353,864.16 from ¥7,147,120.51, an increase of about 73.5% year-over-year[60]. - Cash flow from investing activities showed a net outflow of ¥6,783,338.56, worsening from a net outflow of ¥3,590,223.70[61]. - Cash flow from financing activities generated a net inflow of ¥1,118,529.70, down from ¥7,524,000.00, a decrease of approximately 85.2%[61]. - The company reported a net cash increase of ¥6,671,712.90, compared to ¥10,883,580.54 in the previous year[61]. Assets and Liabilities - Total assets as of March 31, 2022, were CNY 555,667,321.65, a decrease of 1.03% compared to the end of the previous year[17]. - Total liabilities decreased to CNY 127,463,530.37 from CNY 140,712,115.67, a reduction of about 9.4%[47]. - The company's equity attributable to shareholders increased to ¥428,453,456.99 from ¥420,969,132.57, showing a growth of approximately 1.1%[47]. - Accounts receivable decreased to ¥96,736,708.68 from ¥125,586,610.15 year-over-year, reflecting a reduction of approximately 23%[45]. - Inventory increased to ¥97,254,614.42 from ¥86,899,140.73, representing a growth of about 13.5%[45]. Research and Development - Research and development expenses increased by CNY 2,200,000 due to higher investment in new product development and an increase in the R&D team[19]. - Research and development expenses in Q1 2022 amounted to CNY 3,604,003.38, significantly higher than CNY 1,401,858.35 in Q1 2021, marking an increase of about 157.5%[54]. - The company plans to continue increasing its investment in R&D to support future product development and market expansion[19]. Shareholder Information - The total number of unrestricted shares increased from 24,226,800 to 32,666,850, representing a rise from 38.83% to 52.37% of total shares[24]. - The number of shareholders holding more than 5% of shares decreased by 1,103,152 shares, resulting in a total of 45,463,342 shares held by major shareholders, which is 72.89% of total shares[27]. - The total number of shareholders increased to 6,171 during the reporting period[24]. - The number of core employees' shares increased from 1,425,000 to 1,710,000, reflecting a growth from 2.28% to 2.74% of total shares[24]. Financial Stability - The company's debt-to-asset ratio decreased to 22.94% from 25.06% year-over-year, indicating improved financial stability[17]. - The company has disclosed its commitment fulfillment status in the 2021 annual report[38]. - There are no ongoing litigation or arbitration matters affecting the company[30]. - The company has not provided any external guarantees or loans during the reporting period[30]. - There are no significant related party transactions or fund occupation issues reported[30]. - The company has not faced any investigations or penalties during the reporting period[30]. Cash Management - The company plans to use up to RMB 150 million of temporarily idle raised funds for cash management, investing in high-security, liquid financial products[31]. - The company intends to use up to RMB 200 million of temporarily idle self-owned funds for cash management, ensuring daily operational liquidity and safety[32].

Corporate Recognition and Listing - In 2021, the company was recognized as a "Demonstration Enterprise for Capital Market Application" in Jiaozhou City[7]. - The company achieved a significant milestone by becoming listed on the Beijing Stock Exchange on November 15, 2021[7]. Revenue and Profitability - Over 70% of the company's revenue comes from overseas sales, indicating a high reliance on international markets[14]. - The company's operating revenue for 2021 was RMB 481,268,140.56, representing a year-over-year increase of 28.65% compared to RMB 374,082,075.65 in 2020[30]. - The net profit attributable to shareholders of the listed company for 2021 was RMB 41,637,346.20, an increase of 11.17% from RMB 37,455,240.59 in 2020[30]. - The company's gross profit margin for 2021 was 23.05%, down from 25.25% in 2020[32]. - The weighted average return on net assets based on net profit attributable to shareholders was 10.29% in 2021, compared to 12.44% in 2020[32]. - The net cash flow from operating activities decreased by 43.67% to RMB 19,616,809.21 in 2021, down from RMB 34,824,355.52 in 2020[36]. - The company's inventory turnover rate was 5.06 in 2021, a decrease from 5.61 in 2020[36]. Assets and Liabilities - The total assets at the end of 2021 amounted to RMB 561,456,128.47, reflecting a growth of 10.79% from RMB 506,786,069.26 at the end of 2020[34]. - The total liabilities increased by 21.59% to RMB 140,712,115.67 in 2021, up from RMB 115,727,516.05 in 2020[34]. - The total assets growth rate for 2021 was 10.79%, down from 51.88% in 2020[37]. - The total equity increased by 49.64% to ¥62,388,000.00, up from ¥41,692,000.00 due to a stock dividend distribution[89]. Market and Industry Trends - The global automotive aftermarket is projected to grow from 800 billion euros in 2018 to 1.2 trillion euros by 2030, with an annual growth rate of 3%[69]. - As of the end of 2021, China's total vehicle ownership reached 302 million, with new vehicle registrations increasing by 8.16% year-on-year[70]. - The average age of vehicles in China reached 7.9 years in 2021, indicating a growing demand in the automotive aftermarket[71]. - The independent aftermarket channel's market share has grown from less than 10% in the 1990s to 35% currently, indicating substantial progress in consumer acceptance[78]. - The automotive aftermarket is expected to experience rapid growth over the next 5 to 10 years, with independent channels likely surpassing 4S stores in market share[78]. Research and Development - The company has developed the Tesla MODEL3 active grille, increasing its investment in R&D for new energy vehicle products[65]. - The company holds a total of 48 patents, including 4 invention patents, 41 utility model patents, and 3 design patents as of December 31, 2021[63]. - R&D expenditure increased by 249.59% year-on-year, amounting to ¥10,901,505.75, representing 2.27% of operating income[117][118]. - The number of R&D personnel grew by 165.22% year-on-year, from 23 to 61, with R&D personnel now accounting for 25.74% of total employees[119][121]. Risk Management - The company faces management risks due to the expansion of its business scale and market share, necessitating improvements in management capabilities[13]. - The company has not experienced significant changes in major risks during the reporting period[15]. - The company is monitoring changes in export tax rebate policies that could impact its operating performance[14]. - The company is actively working to reduce customer concentration risk by expanding its domestic business[14]. - The company is monitoring the impact of the COVID-19 pandemic on its operations, with minimal effects reported from domestic suppliers but potential challenges in international shipping[155]. Corporate Governance and Compliance - The company maintains a high level of corporate governance to protect the interests of minority shareholders against potential undue influence from its actual controller[15]. - The company has established a robust internal control system to enhance corporate governance and protect shareholder rights[128]. - The company held 3 shareholder meetings, 6 board meetings, and 5 supervisory board meetings in 2021, ensuring compliance with legal and regulatory requirements[129]. - The company has confirmed that there are no false records or misleading statements in the issuance application documents, ensuring their authenticity and completeness[184]. Shareholder Commitments and Transactions - The company has received commitments from shareholders holding more than 5% of shares, as well as directors, supervisors, and senior management, to minimize related party transactions with the company and its subsidiaries[187]. - The controlling shareholder, Zhong Yongduo, has committed to not reducing his shareholding from the date of the shareholder meeting until the completion of the stock issuance and listing on the selected tier, and will apply for stock lock-up on the announcement date[190]. - The company has ensured that all major shareholders have not violated their commitments regarding shareholding and reduction as of the date of the annual report[195]. Employee Welfare and Social Responsibility - The company provided social insurance and housing fund contributions for employees, ensuring compliance with labor laws and protecting employee rights[132]. - The company organized regular health check-ups for employees, emphasizing the importance of employee well-being and health[132]. - The company actively engaged in corporate social responsibility, focusing on sustainable development and stakeholder interests[128].