本次集体业绩说明会将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登陆"全景网投资者关系互动平台"（http://ir.p5w.net）参与 公司业绩说明会,时间为 2023 年 5 月 22 日（星期一）14:00 至 16:00。 届时公司董事兼总经理刘晓东先生、副总经理兼董事会秘书周勇先生、副总 经理兼财务负责人高英女士将通过网络在线问答互动的形式，与投资者就 2022 年经营业绩等投资者关注的问题进行交流。期间，公司高管将全程在线，实时回 答投资者的提问。投资者可于 2022 年 5 月 19 日（星期五）17：00 前访问 https://ir.p5w.net/zj/，或扫描下方二维码，进入问题征集专题页面，欢迎广 大投资者积极参与。 特此公告。 长春一东离合器股份有限公司 关于参加网上集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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。 为进一步加强与投资者的互动交流，长春一东离合器股份有限公司（以下简 称公司）将参加由吉林证监局、吉林省证券业协会、深圳市全景网络有限公司共 同举 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥137,488,524.95, representing a decrease of 23.3% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥10,145,780.55, with a basic and diluted earnings per share of -¥0.072[3]. - Net profit for Q1 2023 was a loss of ¥8,694,324.88, compared to a profit of ¥1,888,314.85 in Q1 2022, indicating a significant decline[14]. - In Q1 2023, the company reported a net loss attributable to the parent company of CNY -10,145,780.55, compared to a profit of CNY 959,606.72 in Q1 2022, indicating a significant decline in performance[15]. - The basic and diluted earnings per share for Q1 2023 were both CNY -0.072, a decrease from CNY 0.007 in Q1 2022[15]. - The net profit for Q1 2023 was a loss of ¥11,888,373.14, compared to a profit of ¥1,793,475.59 in Q1 2022, indicating a significant decline in profitability[23]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 95.12%, amounting to ¥2,332,372.82, due to poor collection of receivables[3][4]. - Cash inflows from operating activities totaled CNY 144,619,569.81 in Q1 2023, down 29.4% from CNY 204,684,267.87 in Q1 2022[17]. - The company's cash flow from operating activities generated a net amount of ¥3,641,115.98, down 88.5% from ¥31,642,516.43 in the same period last year[25]. - The cash and cash equivalents at the end of Q1 2023 were CNY 276,965,734.77, a decrease from CNY 153,592,927.56 in Q1 2022[18]. - The company paid CNY 3,853,371.39 in financing activities during Q1 2023, compared to CNY 160,346.91 in Q1 2022, indicating a significant increase in cash outflows[18]. Assets and Liabilities - Total assets increased by 6.72% to ¥1,132,983,298.34 compared to the end of the previous year[4]. - The company's total assets increased to ¥1,132,983,298.34 in Q1 2023 from ¥1,061,627,381.99 in Q1 2022, representing a growth of 6.7%[13]. - Total liabilities rose to ¥525,070,267.70 in Q1 2023, up from ¥444,698,782.45 in Q1 2022, marking an increase of 18.1%[12]. - The company's total liabilities increased to CNY 331,433,697.68 as of March 31, 2023, compared to CNY 297,399,150.06 at the end of 2022[21]. - The company's equity attributable to shareholders decreased by 2.15% to ¥463,131,805.96[4]. - The company’s equity attributable to shareholders decreased to ¥463,131,805.96 in Q1 2023 from ¥473,284,049.84 in Q1 2022, a decline of 2.4%[13]. Inventory and Receivables - The company's inventory increased by 41.14%, indicating a buildup of stock[4]. - The company reported a significant increase in inventory, which rose to ¥227,227,863.11 in Q1 2023 from ¥160,991,061.00 in Q1 2022, an increase of 41.0%[12]. - The accounts receivable financing decreased by 37.53%, attributed to a reduction in bank acceptance bills held by the company[4][6]. - The company reported a decrease in cash received from sales of goods and services, totaling CNY 139,390,588.80 in Q1 2023, down 31.5% from CNY 203,611,537.30 in Q1 2022[17]. Research and Development - Research and development expenses increased by 30.04%, reflecting the company's investment in new product development[4]. - Research and development expenses for Q1 2023 were ¥4,615,366.94, down 50.5% from ¥9,304,507.25 in Q1 2022[13]. - Research and development expenses for Q1 2023 were ¥2,798,336.11, a decrease of 43.4% from ¥4,938,388.82 in Q1 2022[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,567[7]. - The company received ¥4,500,000.00 in investment income during Q1 2023, compared to no income in Q1 2022[26].

Financial Performance - The company's operating revenue for 2022 was CNY 550.63 million, a decrease of 50.98% compared to CNY 1,123.33 million in 2021[22]. - The net profit attributable to shareholders of the listed company for 2022 was CNY -8.20 million, compared to CNY 41.26 million in 2021[22]. - The basic earnings per share for 2022 was CNY -0.06, down from CNY 0.29 in 2021[23]. - The total assets at the end of 2022 were CNY 1,061.63 million, a decrease of 15.50% from CNY 1,256.42 million at the end of 2021[22]. - The company's net assets attributable to shareholders at the end of 2022 were CNY 473.28 million, down 4.33% from CNY 494.73 million at the end of 2021[22]. - The weighted average return on net assets for 2022 was -1.7%, a decrease of 10.21 percentage points from 8.51% in 2021[23]. - The total profit for the period was 49,000 RMB, a year-on-year decrease of 99.35%, with a net profit attributable to the parent company of -8.2 million RMB[40]. - Operating revenue was 55.063 million RMB, down 50.98% year-on-year, while operating costs decreased by 48.24% to 44.004 million RMB[42]. - The gross margin for the automotive parts segment was 20.08%, with a year-on-year decrease of 4.43 percentage points[44]. - The company reported a net loss for 2022, with total comprehensive income significantly impacted by reduced revenues and increased costs[179]. Cash Flow and Assets - The net cash flow from operating activities for 2022 was CNY 203.92 million, a significant improvement from CNY -1.22 million in 2021[22]. - The cash and cash equivalents increased to CNY 317,127,559.13 in 2022 from CNY 196,458,707.88 in 2021, showing a growth of about 61.3%[170]. - The total cash and cash equivalents at the end of 2022 were CNY 82,393,808.63, up from CNY 28,085,582.14 at the end of 2021[191]. - The company reported a cash inflow from operating activities of CNY 766,552,225.40 in 2022, a decrease from CNY 799,254,454.17 in 2021[186]. - The total assets as of December 31, 2022, were CNY 612,449,826.50, down from CNY 707,720,074.48 in 2021[177]. - The total liabilities decreased to CNY 297,399,150.06 in 2022 from CNY 375,965,825.06 in 2021, showing a reduction of approximately 20.9%[177]. Operational Challenges and Strategies - The company has faced significant operational challenges leading to a substantial decline in revenue and profit margins[22]. - The company plans not to distribute profits for 2022 due to a negative net profit attributable to shareholders[6]. - The company is actively adjusting its market and product structure, focusing on the heavy-duty truck clutch market[36]. - The company anticipates a shift in the commercial vehicle market towards automatic and hybrid models, with AMT heavy truck sales expected to reach 50% by 2025[66]. - The automotive parts industry is experiencing a slowdown, leading to pressure on profit levels, prompting the company to optimize costs and improve capacity utilization[74]. Research and Development - Research and development expenses were 23.131 million RMB, a reduction of 50.62% compared to the previous year, accounting for over 6% of revenue[42][37]. - The total R&D investment amounted to ¥33.98 million, representing 6.17% of total revenue, with capitalized R&D accounting for 31.92% of the total[51]. - The company has established a modern rapid product development system to shorten development cycles and reduce costs[37]. - The company is committed to developing new products such as AMT-related products and new energy torsional dampers for market supply[69]. Governance and Compliance - The company emphasizes the importance of governance and compliance with regulations to ensure fair treatment of all shareholders and prevent conflicts of interest[78]. - The company has established a sound internal control system in 2022, complying with the Basic Norms for Enterprise Internal Control and related regulations, enhancing governance and internal control measures[80]. - The board of directors and its committees are structured in accordance with legal requirements, ensuring effective oversight and protection of shareholder rights[79]. - The company has maintained compliance with corporate governance regulations, with no significant discrepancies reported[80]. Market Expansion and Future Outlook - The company plans to focus on market expansion and new product development to recover from the revenue decline experienced in 2022[179]. - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth[200]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[88]. - Market expansion plans include entering two new international markets by Q3 2023, targeting a 5% increase in market share[88]. Environmental and Social Responsibility - The company invested 40.37 million yuan in environmental protection during the reporting period[118]. - The total waste gas emissions for 2022 amounted to 25,839.94 million cubic meters, with particulate matter emissions of 3.76 tons and non-methane total hydrocarbon emissions of 0.23 tons[119]. - The company achieved a reduction of 3,914 tons in carbon dioxide equivalent emissions through various energy-saving and environmental measures[122]. - The company has implemented measures to ensure compliance with environmental laws and regulations, including emergency response plans for environmental incidents[121].

证券代码：600148 证券简称：长春一东 公告编号：2023-009 长春一东离合器股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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。 重要内容提示： （网址：http://roadshow.sseinfo.com/） 长春一东离合器股份有限公司（以下简称公司）已于 2023 年 4 月 27 日发布 公司《2022 年年度报告》和《关于 2022 年度拟不进行利润分配的公告》，为便 于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划 于 2023 年 5 月 16 日上午 09:00-10:00 举行 2022 年度业绩暨现金分红说明会， 就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 5 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥336.56 million, a decrease of 53.70% compared to ¥726.92 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥2.23 million, down 91.89% from ¥27.54 million in the previous year[17]. - The basic earnings per share for the first half of 2022 was ¥0.0158, a decline of 91.88% compared to ¥0.1946 in the same period last year[17]. - The weighted average return on net assets decreased to 0.45%, down 5.11 percentage points from 5.56% in the previous year[17]. - The total profit for the first half of 2022 was ¥8,027,161.19, down 82.5% from ¥45,904,672.03 in the first half of 2021[1]. - The company reported a net profit margin decline due to reduced revenues and increased costs, impacting overall profitability[87]. - The company reported a profit distribution plan for the half-year, with no cash dividends and a stock bonus of 10 shares per 10 shares held[45]. Cash Flow and Assets - The net cash flow from operating activities was approximately ¥143.93 million, a significant improvement from a negative cash flow of ¥51.74 million in the same period last year[17]. - Total cash and cash equivalents at the end of the period reached ¥226,901,022.26, an increase from ¥109,081,875.11, marking a net increase of ¥118,721,253.76[96]. - Cash received from sales of goods and services increased to ¥480,023,650.66, up from ¥400,458,880.51, representing a growth of approximately 19.9%[95]. - The company reported a significant reduction in cash outflow from operating activities, decreasing to ¥340,065,414.37 from ¥454,324,895.64, indicating a reduction of approximately 25.1%[95]. - Total assets at the end of the reporting period were approximately ¥1.17 billion, a decrease of 7.04% from ¥1.26 billion at the end of the previous year[17]. - The company’s total assets at the end of the reporting period were 509,612,400.66 RMB[111]. Market and Product Development - The company operates in the automotive parts industry, primarily producing clutches and hydraulic lifting mechanisms, with a significant focus on the commercial vehicle market[20]. - The company plans to accelerate the development of AMT control systems and aims for small batch supply of AMT clutch assemblies and central separation actuators within the year[27]. - The company is expanding its market layout by focusing on core customers, increasing supply to new clients, and promoting new products such as intelligent clutches and control systems[28]. - The company plans to enhance its product offerings in the electric and automated vehicle sectors to address market demand shifts[40]. - The company has not disclosed any plans for new product development or market expansion in this report[17]. Cost Management - The company has initiated 154 cost reduction projects and aims to compress controllable expenses by over 20%[29]. - Operating costs fell by 50.33% to ¥265,698,022.38 from ¥534,906,152.92, reflecting the decrease in revenue[31]. - Sales expenses decreased by 66.98% to ¥24,792,266.22 from ¥75,084,254.81, attributed to lower service fees and reduced freight and storage costs[31]. - Management expenses dropped by 53.92% to ¥19,937,618.90 from ¥43,267,809.09, with reductions in employee compensation and office expenses[31]. - R&D expenses decreased by 41.41% to ¥16,626,168.75 from ¥28,377,596.57, primarily due to lower material and labor costs[31]. Environmental and Social Responsibility - The average concentration of particulate matter emissions from the company's exhaust was 16.12 mg/m³, well below the standard[49]. - The company achieved a 39% reduction in comprehensive energy consumption compared to the same period last year, totaling 1962.5 tons of standard coal[53]. - The average chemical oxygen demand (COD) discharge decreased by 3% year-on-year, contributing to the company's environmental sustainability efforts[53]. - The company is committed to reducing carbon emissions, targeting a year-on-year decrease of over 6.5% in CO2 emissions per unit of output[53]. - The company has actively undertaken social responsibilities since July 10, 2015, committing to not reduce its shareholdings in the company[56]. Legal and Compliance - There are no significant risks or non-compliance issues reported during the period[5]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[59]. - The company has no significant guarantees or violations reported during the half-year audit, indicating compliance with financial regulations[58]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period, reflecting good financial governance[57]. Shareholder Information - Total number of common shareholders as of the end of the reporting period is 18,076[71]. - The largest shareholder, Northeast Industrial Group Co., Ltd., holds 33,963,948 shares, accounting for 24% of total shares[72]. - The second largest shareholder, FAW Equity Investment (Tianjin) Co., Ltd., holds 31,864,231 shares, representing 22.52% of total shares[72]. - The company has committed to not reducing its shareholdings within six months after any increase in holdings, ensuring shareholder confidence[56]. Financial Governance - The company has not reported any significant performance commitments or major guarantees during the reporting period[68]. - The company has not engaged in any loan business during the reporting period[65]. - The company has not reported any major related party transactions involving asset acquisitions or disposals during the reporting period[63]. - The company has no major related party transactions that have not been disclosed in temporary announcements, indicating transparency in operations[60]. Accounting and Financial Reporting - The company adheres to the accounting standards and ensures that its financial statements reflect a true and complete picture of its financial status[127]. - The company's accounting period runs from January 1 to December 31 each year[128]. - The company's functional currency for accounting purposes is Renminbi (CNY)[130]. - The company prepares consolidated financial statements as a single accounting entity, reflecting the overall financial position, operating results, and cash flows of the group[133].

Financial Performance - The company's operating revenue for Q1 2022 was ¥179,252,859.22, a decrease of 49.69% compared to the same period last year[2] - The net profit attributable to shareholders was ¥959,606.72, down 93.43% year-on-year[2] - The basic earnings per share decreased by 93.2% to ¥0.007[2] - Total operating revenue for Q1 2022 was ¥179,252,859.22, a decrease of 49.8% compared to ¥356,328,813.27 in Q1 2021[13] - Net profit for Q1 2022 was ¥1,888,314.85, a decline of 91.0% from ¥20,965,500.43 in Q1 2021[14] - Total operating costs for Q1 2022 were ¥179,465,173.82, down 46.5% from ¥334,713,910.13 in Q1 2021[13] - The company reported a gross profit margin of -0.12% in Q1 2022, compared to 10.0% in Q1 2021[14] - Total comprehensive income for Q1 2022 was CNY 1,888,314.85, a decrease from CNY 20,965,500.43 in Q1 2021[15] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.007, compared to CNY 0.103 in Q1 2021[15] - The company reported a basic and diluted earnings per share of CNY 0.013, down from CNY 0.061 in Q1 2021[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,247,286,485.12, a decrease of 0.73% from the previous year[2] - The company's total assets as of March 31, 2022, were ¥1,247,286,485.12, slightly down from ¥1,256,417,016.16 at the end of 2021[10] - Total liabilities decreased to ¥604,184,392.03 in Q1 2022 from ¥614,484,637.01 in Q4 2021[11] - Total liabilities decreased to CNY 356,056,194.76 as of March 31, 2022, from CNY 375,965,825.06 at the end of 2021[21] - The total assets amounted to CNY 689,981,109.57, a decrease from CNY 707,720,074.48 in the previous year[22] - The company's total equity increased to CNY 333,924,914.81 from CNY 331,754,249.42 year-over-year[22] Cash Flow - The net cash flow from operating activities was ¥47,824,859.16, with no comparative data available[2] - Net cash flow from operating activities for Q1 2022 was CNY 47,824,859.16, compared to a negative cash flow of CNY 44,065,962.31 in Q1 2021[18] - Cash outflow from investing activities was CNY 2,251,353.19 in Q1 2022, compared to CNY 242,255.17 in Q1 2021[18] - Cash outflow from financing activities was CNY 160,346.91 in Q1 2022, compared to CNY 22,500.00 in Q1 2021[19] - The operating cash flow net amount for Q1 2022 was CNY 31,642,516.43, an increase of 96.8% compared to CNY 16,054,965.43 in Q1 2021[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,466[6] - The largest shareholder, Jilin Dongguang Group Co., Ltd., held 24% of the shares[6] Expenses - The company reported a significant decrease in sales expenses by 62.84% due to reduced service fees, freight, and storage costs[4] - Research and development expenses decreased by 44.52% as a result of reduced investment in R&D[4] - Research and development expenses for Q1 2022 were ¥9,304,507.25, down 44.5% from ¥16,770,142.61 in Q1 2021[14] - Research and development expenses for Q1 2022 were CNY 4,938,388.82, down 32.0% from CNY 7,273,877.84 in Q1 2021[23] - The total operating costs for Q1 2022 were CNY 79,233,235.49, a decrease of 41.2% from CNY 134,729,115.08 in Q1 2021[23] Inventory and Receivables - Accounts receivable increased to ¥284,549,011.43 from ¥224,279,881.59, indicating a rise of 27.0%[9] - Inventory rose to ¥172,427,133.56, up 12.5% from ¥152,375,662.76 at the end of 2021[9] - Inventory increased to CNY 68,125,420.97 as of March 31, 2022, from CNY 65,004,311.37 at the end of 2021[20] Cash and Cash Equivalents - Cash and cash equivalents were ¥193,927,232.89, a slight decrease from ¥196,458,707.88 at the end of 2021[9] - Cash and cash equivalents at the end of Q1 2022 increased to CNY 153,592,927.56 from CNY 117,006,045.44 at the end of Q1 2021[19] - Cash and cash equivalents at the end of Q1 2022 were CNY 58,161,473.63, down from CNY 91,995,640.08 in Q1 2021[26] Product Development - The company did not report any significant new product developments or market expansions during this quarter[27]

Financial Performance - The company's operating revenue for 2021 was CNY 1,123,332,536.76, a decrease of 2.83% compared to CNY 1,156,071,125.81 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 41,255,042.09, down 27.90% from CNY 57,215,643.44 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY 32,377,595.90, a decrease of 38.50% compared to CNY 52,643,678.74 in 2020[20]. - The total profit for the year was 75.73 million RMB, representing a year-on-year decrease of 25.37%[42]. - The total cost of expenses was 1,047.99 million RMB, which increased by 0.28% year-on-year[42]. - The gross margin for clutches was 22.81%, down by 2.25 percentage points year-on-year, while the hydraulic lifting mechanism had a gross margin of 26.13%, down by 3.00 percentage points[3]. - The company reported a total revenue from automotive parts of approximately CNY 1.11 billion, representing a year-on-year decrease of 3.29%, with a gross margin of 24.51%, down by 2.57 percentage points[3]. Assets and Liabilities - The company's total assets at the end of 2021 were CNY 1,256,417,016.16, a decrease of 7.49% from CNY 1,358,190,709.12 at the end of 2020[20]. - The total current assets as of December 31, 2021, amounted to RMB 1,010,814,537.34, a decrease of approximately 9.3% from RMB 1,114,610,069.33 in 2020[175]. - Total liabilities decreased from CNY 743,435,653.85 in 2020 to CNY 614,484,637.01 in 2021, a reduction of about 17.3%[177]. - Current liabilities decreased from CNY 643,779,027.77 in 2020 to CNY 527,720,087.91 in 2021, a decrease of approximately 18.0%[177]. - Total equity increased from CNY 614,755,055.27 in 2020 to CNY 641,932,379.15 in 2021, an increase of approximately 4.0%[177]. Cash Flow - The cash flow from operating activities for 2021 was negative CNY 1,218,331.29, compared to positive CNY 49,796,318.45 in 2020[20]. - The net cash flow from operating activities was negative CNY 1.22 million, a decrease of CNY 5.1 million compared to the previous year, primarily due to early cash receipts from main engine manufacturers in 2020[52]. - The total cash inflow from operating activities was 480,177,250.02 RMB, compared to 454,765,163.76 RMB in 2020, reflecting a growth of approximately 5.5%[194]. - The ending balance of cash and cash equivalents was 28,085,582.14 RMB, down from 75,967,420.82 RMB at the beginning of the year[196]. Market Position and Competition - In 2021, the domestic heavy-duty truck clutch market share reached 31%, while the hydraulic lifting mechanism market share was 32%[30]. - The company faces intense competition in the clutch market, with major competitors including Xi'an Fast Eaton and Shanghai ZF Automotive Technology[65]. - The company anticipates continued challenges in the commercial vehicle market, particularly due to price competition and market saturation[65]. Research and Development - The company invested a total of CNY 54.03 million in R&D, accounting for 4.81% of total revenue, with 13.30% of the R&D costs capitalized[50]. - The company reported a total of 8 product technical breakthroughs and 16 process improvements in quality management throughout the year[33]. - The company is committed to technological innovation and aims to develop new energy and hybrid products to support future growth[70]. Governance and Compliance - The company has established a governance structure that ensures all shareholders can fully exercise their legal rights and maintains fairness in related transactions[80]. - The board of directors and its committees are structured in compliance with legal requirements, ensuring effective oversight and governance[81]. - The company has improved its internal control systems and established a comprehensive insider information management system to enhance information disclosure quality[82]. Environmental and Social Responsibility - The company has made significant investments in environmental protection and safety, continuously improving its environmental management standards[128]. - The company aims for a 2% reduction in comprehensive energy consumption per unit of output value and has implemented measures to improve energy efficiency[126]. - The company has established an emergency response plan for environmental incidents, ensuring preparedness and compliance with relevant laws[124]. Future Outlook - The company has set a revenue budget of 1.17 billion yuan and a profit target of 80 million yuan for 2022[70]. - The company plans to advance the development of new energy products and hydraulic tailboards, establishing dedicated teams for these initiatives[32]. - The management team emphasized a commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2025[91].

Financial Performance - The company's operating revenue for Q3 2021 was ¥254,051,318.06, a decrease of 25.70% compared to the same period last year[4] - The net profit attributable to shareholders was ¥5,110,453.47, down 72.24% year-on-year[4] - The basic earnings per share for the period was ¥0.036, reflecting a decline of 72.24% compared to the previous year[5] - The company reported a net profit of ¥212,857,591.90 for the first three quarters of 2021, compared to ¥205,752,208.76 in the same period of 2020, showing a slight increase of 3.4%[15] - Net profit decreased to ¥54,622,198.44 from ¥70,152,734.81, a decline of about 22.2% compared to the same period last year[18] - Total profit before tax decreased to ¥60,579,524.56 from ¥78,701,005.25, a drop of about 23% year-over-year[18] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,458,426,537.67, representing an increase of 7.38% from the end of the previous year[5] - As of September 30, 2021, the company's total assets amounted to ¥1,458,426,537.67, up from ¥1,358,190,709.12 at the end of 2020, reflecting a growth of 7.4%[15] - The company's current assets totaled ¥1,232,533,345.65, compared to ¥1,114,610,069.33 at the end of 2020, indicating an increase of 10.6%[14] - The total liabilities as of September 30, 2021, were ¥827,254,040.92, compared to ¥743,435,653.85 at the end of 2020, marking an increase of 11.3%[15] - The owner's equity totaled ¥631,172,496.76, up from ¥614,755,055.27, reflecting a growth of 2.5%[15] Cash Flow - The company reported a net cash flow from operating activities of -¥90,561,422.50 for the year-to-date[4] - Cash flow from operating activities showed a net outflow of ¥90,561,422.50, worsening from a net outflow of ¥60,343,697.43 in the prior year[21] - The company reported a net cash outflow from investing activities of ¥598,394.81, compared to a larger outflow of ¥2,208,491.89 in the previous year[21] Revenue and Costs - The total operating revenue for the first three quarters of 2021 reached ¥980,975,799.31, an increase of 8.0% compared to ¥907,933,517.13 in the same period of 2020[16] - Total operating costs increased to ¥926,239,385.47 from ¥828,376,814.85, representing an increase of approximately 11.9% year-over-year[17] - Sales revenue from goods and services received cash of ¥512,035,644.95, up from ¥411,374,605.84, indicating an increase of approximately 24.4%[20] Accounts Receivable and Inventory - Accounts receivable increased by 203.02% compared to the previous year, indicating a rise in outstanding payments[8] - The accounts receivable increased significantly to ¥414,193,997.57 from ¥136,690,918.22, representing a growth of 203.5%[13] - The inventory decreased to ¥185,768,796.38 from ¥266,497,901.48, a decline of 30.3%[14] Other Income and Expenses - Other income increased by 418.48% due to the transfer of previously deferred subsidies to current income[8] - The company recorded a decrease in financial expenses due to reduced foreign exchange losses from the previous year[8] - Research and development expenses increased to ¥36,671,078.25 from ¥35,392,306.01, reflecting a growth of about 3.6% year-over-year[17] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[3] - The company has not disclosed any new product developments or market expansion strategies in the current report[12] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥147,955,862.12 from ¥233,061,117.41, a decline of 36.5%[13] - Cash and cash equivalents at the end of the period decreased to ¥63,915,258.08 from ¥70,924,023.00, a decline of approximately 10%[21] Equity and Borrowings - The company raised ¥20,000,000.00 through borrowings, an increase from ¥10,000,000.00 in the same period last year[21]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥726,924,481.25, representing a 28.43% increase compared to ¥565,997,456.14 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 9.41% to ¥27,538,649.04 from ¥30,397,684.98 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥24,665,810.97, down 17.58% from ¥29,928,597.57 in the previous year[18]. - Basic earnings per share decreased by 9.40% to ¥0.1946 from ¥0.2148 in the same period last year[19]. - The weighted average return on net assets was 5.56%, down from 6.81% in the previous year, a decrease of 1.25 percentage points[19]. - The company reported a net cash flow from operating activities of -¥51,738,355.24, compared to -¥18,875,712.48 in the same period last year, indicating a worsening cash flow situation[18]. - The company's gross profit margin decreased due to a 32.43% increase in operating costs, which reached approximately ¥534.91 million, up from ¥403.91 million in the previous year[36]. - The company reported a net profit of approximately 13.40 million for the first half of 2021, which is a significant increase compared to the previous period[106]. Assets and Liabilities - The company's total assets increased by 14.38% to ¥1,553,527,164.52 compared to ¥1,358,190,709.12 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company rose by 5.84% to ¥509,612,400.66 from ¥481,493,556.21 at the end of the previous year[18]. - The company's cash and cash equivalents decreased by 21.83% to ¥182,183,533.35, accounting for 11.73% of total assets[38]. - Accounts receivable increased significantly by 226.71% to ¥446,577,119.04, representing 28.75% of total assets, primarily due to early payments from major manufacturers last year[39]. - Contract liabilities decreased by 37.76% to ¥3,164,855.40, attributed to a reduction in advance payments received[39]. - Total liabilities rose to ¥897,398,301.81, compared to ¥743,435,653.85, indicating an increase of about 20.7%[81]. - Current liabilities totaled ¥791,480,075.46, up from ¥643,779,027.77, reflecting a growth of approximately 23%[81]. Research and Development - Research and development expenses increased by 32.68% to approximately ¥28.38 million, reflecting the company's commitment to innovation and product development[36]. - The company is actively expanding its product offerings, including the development of AMT clutches and smart clutches in collaboration with FAW Jiefang[31]. - The company has established a national-level technology center and is a key drafter of industry standards, enhancing its competitive edge in the automotive parts sector[26]. Environmental and Compliance - The company has implemented a closed and leak-proof transformation of its general industrial solid waste storage area to meet environmental protection requirements[53]. - The company has established an emergency response plan for environmental incidents, which has been filed with the Changchun Ecological Environment Bureau[54]. - The company has taken measures to prevent and control environmental impacts, aiming to minimize pollution and ecological damage[54]. - The company has 16 exhaust outlets, with an average particulate matter emission concentration of approximately 8.38 mg/m³, well below the standard of 45.65 mg/m³[51]. - The average concentration of non-methane total hydrocarbons is around 11.75 mg/m³, significantly lower than the maximum allowable concentration of 40.26 mg/m³[51]. Market Position and Strategy - The market share for heavy-duty truck clutches reached 27.8% and for hydraulic lifting mechanisms was 32% in the first half of 2021, indicating strong competitive positioning[29]. - The company is strategically adjusting its product and market structure to adapt to changes in the commercial vehicle market, which is experiencing a slowdown[29]. - The heavy-duty commercial vehicle market has become increasingly competitive, prompting the company to adjust its product structure to maintain its market position[44]. - Rising procurement costs, particularly for raw materials like iron ore, are impacting the company's product costs, necessitating enhanced supplier negotiations and resource development strategies[45]. Shareholder and Management Changes - There were changes in senior management, with new appointments for key positions including the general manager[48]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[48]. - The total number of shareholders at the end of the reporting period is not disclosed[70]. - The top ten shareholders hold a total of 33,963,948 shares (24%) by Jilin Dongguang Group Co., Ltd.[72]. - The second largest shareholder, FAW Equity Investment (Tianjin) Co., Ltd., holds 31,864,231 shares (22.52%)[72]. Financial Relationships and Transactions - The company reported a total of 35.77 million CNY in transactions with Korea Dongjin Precision Co., Ltd. for raw material purchases, accounting for 7.67% of similar transactions for the year[60]. - The company recorded sales of products to FAW Group and its subsidiaries amounting to 43.08 million CNY, representing 54.17% of similar transactions for the year[61]. - The company has a financial business relationship with the financial company controlled by the ultimate parent, with a total credit amount of 70 million CNY and an actual occurrence of 55.25 million CNY[64]. Accounting and Financial Reporting - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[124]. - The accounting period for the company runs from January 1 to December 31 each year[125]. - The company's accounting currency is Renminbi (RMB)[127]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[130]. - The company assesses impairment for investments in subsidiaries, joint ventures, and associates according to specified methods[184]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[110]. - The company has not indicated any future performance guidance or outlook in the report[62].

Financial Performance - Operating revenue rose by 59.28% to CNY 356,328,813.27 year-on-year[5] - Net profit attributable to shareholders increased by 57.48% to CNY 14,603,413.40 compared to the same period last year[5] - Basic and diluted earnings per share increased by 56.06% to CNY 0.103[5] - Total operating revenue for Q1 2021 reached ¥356,328,813.27, a significant increase from ¥223,708,821.84 in Q1 2020, representing a growth of approximately 59.2%[26] - Net profit for Q1 2021 was ¥20,965,500.43, compared to ¥14,379,535.93 in Q1 2020, reflecting a growth of approximately 46.0%[27] - Operating profit for Q1 2021 was ¥8,766,939.79, up 84.5% from ¥4,755,921.65 in the same period last year[31] - Net profit for Q1 2021 reached ¥8,677,228.73, a 82.5% increase from ¥4,760,141.65 in Q1 2020[31] - The total comprehensive income for Q1 2021 was ¥20,965,500.43, up 46.0% from ¥14,379,535.93 in Q1 2020[30] Assets and Liabilities - Total assets increased by 6.98% to CNY 1,453,042,620.24 compared to the end of the previous year[5] - Total current liabilities as of March 31, 2021, were CNY 706,078,699.88, an increase from CNY 643,779,027.77 at the end of 2020[19] - Total liabilities as of March 31, 2021, were ¥447,898,018.37, compared to ¥430,529,822.09 at the end of 2020, showing an increase of about 4.3%[24] - The company’s total non-current liabilities amounted to ¥83,469,095.68 as of March 31, 2021, compared to ¥78,176,450.22 at the end of 2020, indicating an increase of approximately 6.0%[24] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 44,065,962.31, worsening by 11.53% year-on-year[5] - Cash flow from operating activities was negative at -¥44,065,962.31, compared to -¥39,511,551.31 in Q1 2020[34] - The company generated a net cash flow from operating activities of ¥16,054,965.43, a significant improvement from a net outflow of ¥9,773,705.37 in Q1 2020, representing a turnaround of over 200%[35] - Cash inflows from sales of goods and services reached ¥134,831,760.08, compared to ¥73,255,680.47 in the same period last year, indicating an increase of approximately 84%[35] - The company reported cash outflows from operating activities totaling ¥130,469,786.81, which increased from ¥88,250,863.35 in Q1 2020, marking a rise of about 48%[35] Expenses - Operating costs rose by CNY 96,465,882.23, reflecting a growth of 59.33%, attributed to the increase in revenue[13] - Selling expenses rose by CNY 19,247,302.72, a substantial increase of 97.81%, due to higher sales service fees, freight, and storage costs[13] - Research and development expenses increased by CNY 7,871,504.41, a significant growth of 88.46%, due to higher R&D investments[13] - Research and development expenses for Q1 2021 were ¥16,770,142.61, compared to ¥8,898,638.20 in Q1 2020, representing an increase of approximately 88.5%[27] - Management expenses increased by CNY 5,471,648.95, a growth of 40.68%, primarily due to the reduction of various insurance expenses in the same period last year[13] Receivables and Payables - Accounts receivable increased by 214.43% to CNY 293,112,292.02 due to increased revenue and delayed payments[12] - Accounts payable at the end of the period increased by CNY 109,055,621.08, a growth of 33.47%, mainly due to an increase in payable goods[13] - Other receivables rose by 122.70% to CNY 1,524,499.34, mainly due to unbilled social insurance fees[12] - Tax payable increased by CNY 1,958,145.10, a growth of 46.18%, primarily due to an increase in VAT and income tax balances[13] Shareholder Information - Total number of shareholders reached 19,844 at the end of the reporting period[10] - Weighted average return on equity improved by 0.9 percentage points to 2.99%[5]