Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,626,619,402.21, representing an increase of 8.22% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 95,171,691.71, compared to a loss of CNY 69,768,200 in the same period last year[6][9]. - Basic and diluted earnings per share were both CNY -0.0859, compared to CNY -0.0630 in the same period last year[9]. - The weighted average return on net assets was -3.10%, down from -2.14% in the previous year[9]. - The company's gross profit margin decreased to -5.5% in Q1 2023 from -3.7% in Q1 2022[20]. - Net loss for Q1 2023 was ¥141,780,549.58, compared to a net loss of ¥98,645,833.33 in Q1 2022, representing a 43.6% increase in losses[20]. - The company reported a total comprehensive loss of ¥118,633,178.56 for Q1 2023, compared to a loss of ¥140,234,642.87 in Q1 2022, showing an improvement of 15.4%[20]. - The company's net profit for Q1 2023 was CNY -77,790,333.44, slightly improved from CNY -79,617,746.96 in Q1 2022[27]. - The net profit for Q1 2023 reached CNY 1,827,413.52, compared to a net loss of CNY 59,708.72 in Q1 2022, indicating a turnaround in profitability[29]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 351,763,525.97, worsening from a negative CNY 120,372,700 in the previous year[6]. - Cash inflow from operating activities for Q1 2023 was CNY 3,007,888,231.55, a decrease of 7.67% compared to CNY 3,258,976,044.89 in Q1 2022[22]. - Cash inflow from investment activities totaled CNY 9,728,960.52, down 84.45% from CNY 62,213,481.21 in Q1 2022[23]. - Cash inflow from financing activities increased significantly to CNY 770,368,900.60, compared to CNY 298,922,214.43 in Q1 2022, marking a growth of 157.57%[23]. - The company's cash and cash equivalents decreased to RMB 1,521,454,577.51 from RMB 1,833,724,712.88, representing a decline of about 17.0%[16]. - The company's cash and cash equivalents at the end of Q1 2023 were CNY 1,509,053,246.35, compared to CNY 1,437,621,396.99 at the end of Q1 2022[23]. - The company's cash and cash equivalents at the end of Q1 2023 were CNY 180,339,619.91, down from CNY 248,565,019.06 at the end of Q1 2022[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,415,719,498.72, a slight increase of 0.42% from the previous year-end[5]. - Total liabilities as of Q1 2023 were ¥7,225,185,645.56, compared to ¥7,062,861,672.20 at the end of Q1 2022, indicating a 2.3% increase[18]. - The company's total current liabilities were reported at RMB 2,646,000,000.00, with a notable increase in contract liabilities to RMB 519,400,200.75 from RMB 352,519,882.21, reflecting a growth of approximately 47.3%[17]. - The company reported a total non-current asset value of RMB 5,402,116,790.52, a decrease from RMB 5,478,795,191.48, indicating a decline of about 1.4%[17]. - Total equity attributable to shareholders was ¥3,029,744,200.16 in Q1 2023, down from ¥3,111,002,247.11 in Q1 2022, a decrease of 2.6%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,690[10]. - The largest shareholder, Shanghai Shenda (Group) Co., Ltd., held 46.98% of the shares, totaling 520,514,373 shares[11]. - Shareholders' equity attributable to shareholders decreased by 2.61% to CNY 3,029,744,200.16 compared to the previous year-end[5]. Investment and Expenses - Research and development expenses increased to ¥36,387,183.62 in Q1 2023, up from ¥30,605,803.71 in Q1 2022, reflecting a growth of 19.1%[19]. - The company incurred financial expenses of CNY 6,694,491.93 in Q1 2023, a significant increase from CNY 177,892.96 in Q1 2022, primarily due to higher interest expenses[29]. - The tax expenses for Q1 2023 were CNY 640,879.80, a decrease from CNY 755,769.25 in Q1 2022, reflecting improved tax efficiency[29]. Future Plans - The company plans to issue A-shares to a specific group, with a maximum fundraising target of RMB 600 million, which will not exceed 30% of the total share capital prior to the issuance[13]. - The company has received necessary approvals from regulatory bodies for its stock issuance, pending final approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission[14].

2022 年第三季度报告 证券代码：600626 证券简称：申达股份 上海申达股份有限公司 2022 年第三季度报告 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法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 减变动幅度 | 年初至报告期末 | 年初至报告期末 比上年同期增减 | | --- | --- | --- | --- | --- | | | | | | 变动幅度(%) | | | | (%) | | | | 营业收入 | 3,115,981,082.53 | 12.73 | 8,222,605,541.29 | -0.24 | | ...

Financial Performance - The company's total revenue for the first half of 2022 was ¥5,106,624,458.76, representing a decrease of 6.78% compared to ¥5,478,064,993.60 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was a loss of ¥156,647,878.37, a decline of 170.08% compared to a profit of ¥223,513,655.41 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥121,423,289.93, compared to a loss of ¥97,793,698.64 in the same period last year[21]. - The net cash flow from operating activities for the first half of 2022 was -199,063,247.91 RMB, a decrease from -30,789,077.60 RMB in the same period last year[22]. - The net profit attributable to shareholders decreased by 170.08% to -156,647,900 RMB, compared to a profit of 223,513,700 RMB in the same period last year[22]. - Basic earnings per share for the first half of 2022 was -0.1414 RMB, a decline of 153.90% from 0.2623 RMB in the same period last year[22]. - The company reported a total of CNY 2.45 billion in restricted assets, including cash, accounts receivable, and fixed assets[59]. - The company reported a net loss of CNY 231,626,711.89 for the first half of 2022, compared to a net profit of CNY 186,710,855.11 in the same period of 2021[164]. - The company’s net profit for the first half of 2022 was not explicitly stated but indicated a negative trend compared to the previous year, highlighting potential challenges in profitability[179]. Revenue and Sales - The company reported a significant decrease in sales revenue due to the impact of the COVID-19 pandemic and supply chain disruptions, particularly in the automotive sector[31]. - The automotive interior business generated revenue of RMB 3.46 billion, accounting for 67.79% of total revenue, but reported a loss of RMB 217 million[44]. - The new materials business saw a significant revenue drop of 44.24%, resulting in a total loss of RMB 1.45 million, which is an increase in loss of RMB 691,200 compared to the previous year[49]. - The import and export trade business achieved revenue of RMB 1.63 billion, down 6.61% year-on-year, with a profit of RMB 2.84 million, a decrease of 75.04%[50]. - The company’s total operating revenue for the first half of 2022 was CNY 5,106,624,458.76, a decrease of 6.77% compared to CNY 5,478,064,993.60 in the same period of 2021[163]. Assets and Liabilities - Total assets increased by 5.45% to 10,199,526,332.39 RMB compared to 9,672,349,598.26 RMB at the end of the previous year[22]. - The company's total assets include cash and cash equivalents of CNY 1,488,121,319.24, which accounts for 14.59% of total assets, an increase from 14.47% in the previous year[54]. - Accounts receivable increased by 25.48% to CNY 2,257,114,574.73, up from CNY 1,798,738,169.27 in the previous year, indicating improved collection efforts[54]. - Total liabilities increased to ¥6,864,807,161.21 from ¥6,076,588,120.71, indicating a rise of approximately 12.93%[157]. - Total equity attributable to shareholders decreased to ¥3,117,319,477.73 from ¥3,281,221,952.09, a decline of approximately 5.00%[157]. Research and Development - The company is focusing on the development of flexible composite materials and geosynthetics in its textile new materials business, targeting high-strength, lightweight, and environmentally friendly products[32]. - The company has established R&D centers to enhance product design and development capabilities, expanding from women's wear to men's clothing[38]. - The total investment in the automotive textile and acoustic technology R&D center is CNY 79.59 million, with the project nearing completion[64]. - Research and development expenses decreased to CNY 64,698,636.70 in the first half of 2022, down from CNY 72,627,969.74 in the previous year, representing a decline of 10.67%[164]. Environmental Compliance - The company’s wastewater treatment facilities operated normally in the first half of 2022, with no instances of exceeding discharge standards[83]. - The company’s air pollution control facilities, including low-nitrogen combustion devices, operated normally without exceeding discharge standards[83]. - The company has received no administrative penalties for environmental issues during the reporting period[84]. - The company’s subsidiaries are compliant with environmental protection regulations and have obtained necessary permits[84]. - The company has implemented an emergency response plan for environmental incidents, with a successful drill conducted in April 2022[84]. Legal and Regulatory Matters - The company has submitted a bankruptcy liquidation application for PFI, which is currently under court execution[118]. - There are significant litigation and arbitration matters reported during the period, with no further updates disclosed[119]. - The total amount claimed by the company in the lawsuit against the defendants is approximately ¥30,472,953.01[121]. - The company has been actively pursuing enforcement of court judgments, with several cases still in execution[121]. - The ongoing legal disputes may impact the company's financial position and cash flow[121]. Strategic Initiatives - The company is focusing on cost reduction and efficiency improvement through a new three-year enhancement plan targeting raw materials, direct labor, and manufacturing costs[47]. - The company plans to establish a global integrated technology innovation development system with three major regional technology centers in North America, Europe, and China[43]. - The company aims to strengthen market expansion and enhance customer relationships through a well-established marketing network[38]. - The company is exploring the possibility of listing its textile group or core business within five years, aiming for clearer business segments[115]. - The company plans to gradually inject unlisted foreign trade business assets into listed companies within five years, contingent on meeting specific conditions[115].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,427,090,632.97, representing a decrease of 13.29% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was a loss of CNY 69,768,229.19, a decline of 124.64% year-on-year[3]. - Basic and diluted earnings per share were both CNY -0.0630, down 118.96% from CNY 0.3322 in the same period last year[7]. - The company reported a total comprehensive loss of CNY 140,234,642.87 for Q1 2022, compared to a comprehensive income of CNY 267,226,741.01 in Q1 2021[20]. - The net profit for Q1 2022 was a loss of CNY 98,645,833.33, compared to a profit of CNY 264,999,025.23 in Q1 2021, representing a significant decline[19]. - The company experienced a significant decline in investment income, reporting a loss of CNY 84,170.43 in Q1 2022 compared to a profit of CNY 432,852,533.78 in Q1 2021[19]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 120,372,692.68, with no applicable comparison from the previous year[3]. - Cash received from sales of goods and services in Q1 2022 was CNY 2,888,552,682.63, slightly down from CNY 2,905,056,873.68 in Q1 2021[22]. - The net cash flow from operating activities was -120,372,692.68 RMB, an improvement from -143,739,458.75 RMB in the previous year, indicating a 16.5% reduction in cash outflow[23]. - Total cash and cash equivalents at the end of the period amounted to 1,437,621,396.99 RMB, down from 2,001,802,461.73 RMB year-over-year, reflecting a decrease of 28.1%[24]. - Cash inflow from financing activities was 298,922,214.43 RMB, significantly lower than 1,307,167,930.55 RMB in the same quarter last year, representing a decline of 77.1%[23]. - The company's cash outflow for operating activities totaled 3,379,348,737.57 RMB, a decrease from 3,425,270,022.50 RMB, reflecting a 1.3% improvement[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,705,246,640.37, an increase of 0.34% from the end of the previous year[4]. - The total liabilities as of Q1 2022 amounted to CNY 6,250,719,805.69, an increase from CNY 6,076,588,120.71 in the previous year[19]. - The total current liabilities increased to approximately ¥2.8 billion from ¥2.6 billion, indicating a 7.7% rise[14]. - The total equity attributable to shareholders of the parent company was CNY 3,184,316,871.10, down from CNY 3,281,221,952.09 in Q1 2021[19]. - The company's total equity as of March 31, 2022, was 3,660,492,038.99 RMB, slightly down from 3,661,501,387.66 RMB, reflecting a decrease of 0.03%[27]. Operational Challenges - The company reported a significant decrease in net profit due to the impact of repeated COVID-19 outbreaks and rising energy costs in Europe, leading to reduced sales and lower gross margins[6]. - In Q1 2022, the company experienced a decline in revenue and net profit due to the impact of COVID-19 lockdowns in Shanghai[11]. - The company is actively working on resuming full production and adjusting plans based on the pandemic situation to meet customer demand[12]. - The company has resumed operations for some of the previously shut down enterprises, with 666 key enterprises in Shanghai on the recovery list[11]. - The company is preparing to launch new strategies to enhance market expansion and product development in response to the current challenges[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,302[8]. - The largest shareholder, Shanghai Shenda (Group) Co., Ltd., held 46.98% of the shares, amounting to 520,514,373 shares[9].

Financial Performance - The company's net profit for 2021 was -92,311,057.59 RMB, with a distributable profit of 362,470,966.83 RMB available for shareholders[7]. - The company's operating revenue for 2021 was approximately ¥10.55 billion, a decrease of 2.53% compared to ¥10.82 billion in 2020[23]. - The net profit attributable to shareholders of the listed company was ¥35.40 million, a significant recovery from a loss of ¥808.70 million in 2020[23]. - The basic earnings per share for 2021 was ¥0.0369, compared to a loss of ¥0.9488 per share in 2020, indicating a substantial improvement[24]. - The weighted average return on equity increased to 1.27% in 2021, up by 29.26 percentage points from -27.99% in 2020[24]. - The total profit for the company was 53.01 million RMB, a significant recovery from a loss of 867 million RMB in the previous year[35]. - The total net assets attributable to shareholders increased by 35.32% to approximately ¥3.28 billion at the end of 2021, compared to ¥2.42 billion at the end of 2020[23]. - The total revenue for 2021 was 1,055,041,000 CNY, which is an 8.26% decrease from the expected revenue of 1,150,000,000 CNY[110]. - The total profit for 2021 was 5,301,000 CNY, significantly lower than the expected 25,000,000 CNY, reflecting a 78.80% shortfall[110]. - The net profit attributable to the parent company for 2021 was 3,540,000 CNY, down 77.87% from the expected 16,000,000 CNY[110]. Dividend and Capital Management - A cash dividend of 0.1 RMB per 10 shares is proposed, totaling 11,079,787.10 RMB (including tax) for distribution to all shareholders[7]. - The company does not plan to increase capital reserves through stock conversion[7]. - The company approved a non-public issuance of A-shares, with specific details on issuance type, pricing, and use of raised funds outlined in the board meetings[144]. - The company plans to expand its market presence through a non-public issuance of A-shares, which is expected to enhance its capital structure and support future growth initiatives[144]. Audit and Compliance - The audit report issued by Lixin Certified Public Accountants confirmed the financial statements' accuracy and completeness[6]. - The company has engaged Lixin Certified Public Accountants for auditing services, ensuring compliance with financial regulations[21]. - The company held 1 extraordinary general meeting and 1 annual general meeting during the reporting period, ensuring compliance with relevant regulations and allowing shareholders to exercise their rights fully[119]. - The company maintains independence from its controlling shareholder in terms of personnel, assets, finance, organization, and business, ensuring autonomous operational capabilities[120]. - The board of directors consists of 9 members, including 3 independent directors, and operates through four specialized committees to provide professional opinions and references for decision-making[121]. Operational Highlights - The company completed a private placement of 255,687,394 shares in July 2021, increasing the total share capital from 852,291,316 to 1,107,978,710 shares[24]. - The automotive interior business generated revenue of 7.08 billion RMB, accounting for 67.22% of total revenue, with a profit loss of 330.23 million RMB[38]. - The textile new materials business reported revenue of 149.12 million RMB, with a total profit loss of 11.72 million RMB[38]. - The import and export trade business achieved revenue of 3.36 billion RMB, with a profit of 6.11 million RMB, marking a turnaround from previous losses[39]. - The company has established multiple R&D centers in China, the USA, and Germany, enhancing its ability to coordinate global R&D resources[51]. Risk Management - The company has outlined potential risks in its management discussion and analysis section[9]. - The company is addressing potential risks related to raw material price fluctuations, technology development, and currency exchange rates[115]. - The company is focused on enhancing its governance structure, as evidenced by the establishment of a remuneration decision-making process[142]. Environmental Responsibility - The company has implemented automatic online monitoring and third-party regular testing for environmental self-monitoring, with no administrative penalties for environmental issues during the reporting period[169]. - The company has established an emergency response plan for environmental incidents, with annual drills conducted in July 2021 and adjustments made in December 2021[168]. - The company has committed to ongoing environmental monitoring, with wastewater and noise tested annually and air emissions tested quarterly[171]. Workforce and Management - The company employed a total of 8,957 staff, with 72 in the parent company and 8,885 in major subsidiaries[154]. - The workforce includes 7,463 production personnel, 355 sales personnel, 633 technical personnel, 218 financial personnel, and 288 administrative personnel[154]. - The company has a training system that includes onboarding for new employees and professional development training[156]. - The company has maintained a stable management team with no significant changes in personnel[138]. Strategic Initiatives - The company plans to increase the proportion of new energy vehicles in its business, focusing on intelligent and lightweight automotive interior products[109]. - The company aims to enhance R&D investment in 2022 to strengthen its core competitiveness in the textile industry[109]. - The company plans to strengthen its supply chain integration and enhance cooperation with clients to support domestic and international dual circulation strategies[62].

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,764,158,524.20, a decrease of 7.61% compared to the same period last year[4] - The net profit attributable to shareholders was -¥150,616,701.50, with a significant decline in gross profit of ¥180 million compared to the previous year[7] - Basic earnings per share for Q3 2021 was -¥0.1359, compared to ¥0.0658 in the same period last year[5] - Net profit attributable to shareholders of the parent company for Q3 2021 was ¥72,896,953.90, compared to a net loss of ¥118,722,140.21 in Q3 2020[21] - The company reported a net profit attributable to the parent company of ¥52,027,583.68 in Q3 2021, compared to a loss of -¥187,989,121.33 in Q3 2020[22] - Total comprehensive income for Q3 2021 was -¥57,578,403.91, an improvement from -¥330,132,617.15 in Q3 2020[22] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥171,390,341.20, indicating cash outflows[4] - Net cash flow from operating activities for Q3 2021 was -¥171,390,341.20, a decline from -¥11,157,251.34 in Q3 2020[25] - Cash inflow from financing activities in Q3 2021 was ¥2,781,653,257.51, compared to ¥2,381,150,793.64 in Q3 2020, indicating a 16.8% increase[26] - The company experienced a net cash flow from investing activities of ¥238,060,542.60 in Q3 2021, slightly down from ¥242,608,247.85 in Q3 2020[25] - The company reported cash received from other operating activities of ¥754,299,820.26, an increase from ¥568,432,412.57 in the same period last year[24] - The company’s total cash outflow from financing activities was ¥2,731,102,577.11 in Q3 2021, compared to ¥2,390,298,379.85 in Q3 2020, reflecting a 14.3% increase[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,991,904,946.13, an increase of 6.20% from the end of the previous year[5] - The company's total assets as of Q3 2021 amounted to ¥9,991,904,946.13, an increase from ¥9,408,268,266.69 in the previous year[17] - Total liabilities decreased to ¥6,332,426,178.15 in Q3 2021 from ¥6,530,980,261.69 in Q3 2020, indicating a reduction of approximately 3.03%[17] - The total liabilities of the company amounted to approximately $6.53 billion, a decrease of $485.53 million[29] - Non-current liabilities totaled approximately $1.90 billion, reflecting a decrease of $421.01 million[29] - Current liabilities reached approximately $4.63 billion, down by $64.51 million from the last report[28] Shareholder Equity - The equity attributable to shareholders increased by 37.63% to ¥3,337,230,605.62, primarily due to a non-public offering that raised ¥864 million[8] - The company's equity attributable to shareholders reached ¥3,337,230,605.62, up from ¥2,424,731,259.18 in the same period last year, marking a significant increase of 37.55%[17] - The company's equity attributable to shareholders was approximately $2.42 billion, showing a slight decrease of $2.96 million[29] Investments and Expenses - Research and development expenses for the first three quarters of 2021 were ¥110,158,835.85, slightly up from ¥104,828,126.41 in 2020, indicating a focus on innovation[20] - The company reported an investment income of ¥417,653,954.60 for the first three quarters of 2021, compared to ¥312,851,561.06 in the same period of 2020, reflecting a year-on-year increase of 33.49%[20] - Non-recurring gains and losses included a loss of -¥7,999,279.41 related to restructuring expenses[6] Shareholder Information - The total number of common shareholders at the end of the reporting period was 48,300[10] - The largest shareholder, Shanghai Shenda Group, holds 520,514,373 shares, representing 46.98% of total shares[10] - The company has not identified any related party relationships among the top ten shareholders[11] Capital Changes - The company completed a non-public offering of A-shares, raising a total of RMB 869,337,139.60, with a net amount of RMB 863,757,303.22 after expenses[12] - The registered capital increased from RMB 852,291,316 to RMB 1,107,978,710 following the issuance of new shares[13] - The company issued 255,687,394 shares in the non-public offering, which is 30% of the total shares before the issuance[12] Inventory and Receivables - The company's inventory as of September 30, 2021, was RMB 1,014,616,271.33, up from RMB 779,855,020.97 at the end of 2020[14] - The accounts receivable stood at RMB 1,203,750,903.76, compared to RMB 1,343,663,589.73 at the end of 2020[14] Other Financial Metrics - The weighted average return on net assets for Q3 2021 was -5.38%, a decline from -0.22% in the same period last year[7] - The company reported a significant decrease in equity method investment income, down ¥63.86 million compared to the previous year[7] - Total operating revenue for the first three quarters of 2021 reached ¥8,242,223,517.78, an increase of 4.93% compared to ¥7,854,644,158.25 in the same period of 2020[20] - Total operating costs for the first three quarters of 2021 were ¥8,568,460,494.21, up from ¥8,290,397,657.74 in 2020, reflecting a year-on-year increase of 3.36%[20]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥5,478,064,993.60, representing a 12.65% increase compared to ¥4,862,843,787.48 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥223,513,655.41, a significant recovery from a loss of ¥111,903,451.27 in the previous year[21]. - The net cash flow from operating activities was -¥30,789,077.60, an improvement from -¥234,177,259.24 in the same period last year[21]. - The total assets at the end of the reporting period were ¥10,211,601,410.23, an increase of 8.54% from ¥9,408,268,266.69 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 7.99% to ¥2,618,466,163.87 from ¥2,424,731,259.18 at the end of the previous year[21]. - Basic earnings per share for the reporting period reached CNY 0.2623, compared to a loss of CNY -0.1313 in the same period last year[22]. - Weighted average return on equity increased by 12.28 percentage points to 8.87% from -3.41% year-on-year[22]. - The total profit for the company was 312 million RMB, compared to a loss of 156 million RMB in the same period last year[46]. - The automotive interior business generated revenue of 3.646 billion RMB, a year-on-year increase of 25.26%, with a total loss of 106 million RMB, reduced by 245 million RMB from the previous year[46]. - The textile new materials business reported revenue of 74.05 million RMB, a decrease of 1.1% year-on-year, with a loss of 757,712 RMB[48]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period reached ¥1,780,131,989.50, accounting for 17.43% of total assets, an increase of 25.14% compared to the previous year[57]. - The net cash flow from operating activities improved significantly, with a net outflow of 30.79 million RMB compared to a net outflow of 234.18 million RMB in the same period last year[53]. - The company achieved an investment income of 426 million RMB during the reporting period, including 404 million RMB from the sale of the dyeing factory[55]. - The total cash and cash equivalents at the end of the period reached ¥585,082,497.70, up from ¥299,518,086.67 at the end of the previous year, reflecting a net increase of ¥414,896,457.44[189]. - The cash received from investment income was ¥21,698,080.08, compared to ¥17,246,595.32 in the same period last year, indicating a growth in investment returns[189]. Business Segments and Operations - The automotive interior and acoustic components business is the core segment, serving major clients like General Motors, Ford, and BMW[29]. - The textile new materials segment emphasizes the development of flexible composite materials and geosynthetics, targeting various industries including construction and aerospace[34]. - The company employs a "make-to-order" production model to align with customer demand and reduce costs[30]. - The company has established long-term stable relationships with major suppliers, focusing on procurement based on actual production needs, which helps in managing raw material costs influenced by international oil prices[35]. - The company has set up production bases in Southeast Asia to enhance production supply capabilities while optimizing procurement channels to control costs amid rising expenses[39]. Research and Development - The company has multiple R&D centers in China, the US, and Germany, focusing on customer-driven product development[31]. - The company has established a research and development center for automotive textiles, focusing on sustainable development and innovative supply chain integration[44]. - The company is investing in R&D and technology innovation, with plans to establish three major regional technology centers in North America, Europe, and China to support global project development[44]. Environmental and Social Responsibility - The company has made recent upgrades to its pollution control facilities, including VOCs emission reduction and wastewater recycling improvements, which are currently operating normally[91]. - The company has been classified as a key pollutant discharge unit, with specific environmental monitoring and compliance measures in place[90]. - The company is committed to supporting poverty alleviation and rural revitalization efforts in line with government initiatives[112]. Legal and Compliance Issues - The company is involved in significant litigation matters, including a civil lawsuit against Zhuoyou Company for a total claim of RMB 30,472,953.01[130]. - The company has filed for a re-examination of a case with the Shanghai High Court, which is currently awaiting further hearings[134]. - The company has faced challenges in executing court orders due to the lack of assets available for enforcement from the defendants[132]. Corporate Governance and Independence - The company guarantees that its senior management will not hold positions in other controlled entities, ensuring personnel independence[118]. - The company will maintain independent asset management, ensuring no funds or assets are occupied by other controlled entities[118]. - The company commits to minimizing related party transactions with Shenda Co. and ensuring fair operations based on market principles and fair prices[120]. Future Outlook and Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[176]. - The company is exploring the possibility of listing its textile group or core business within five years, with plans to integrate and clarify its business segments if not implemented[122].

Financial Performance - Net profit attributable to shareholders increased by 122.91% to CNY 283,103,914.06 year-on-year[6] - Basic earnings per share increased by 122.95% to CNY 0.3322[6] - The company reported a significant reduction in non-recurring losses, with net profit attributable to shareholders after deducting non-recurring gains and losses improving to CNY -21,780,598.27 from CNY -65,186,973.52[6] - Net profit for Q1 2021 was CNY 264,999,025.23, representing an increase of 153.4% from CNY 104,210,450.65 in Q1 2020[28] - The comprehensive income for Q1 2021 was CNY 267,226,741.01, a significant increase from CNY 7,293,811.73 in Q1 2020[28] - The total comprehensive income for Q1 2021 was RMB 324.71 million, compared to RMB 196.65 million in Q1 2020, marking a growth of 65.00%[31] Revenue and Costs - Operating revenue slightly decreased by 0.05% to CNY 2,799,068,567.73 compared to the same period last year[6] - Total operating revenue for Q1 2021 was CNY 2,799,068,567.73, a slight decrease of 0.15% compared to CNY 2,800,484,522.10 in Q1 2020[27] - Total operating costs decreased to CNY 2,839,482,437.68, down 2.30% from CNY 2,906,690,936.95 in the same period last year[27] Assets and Liabilities - Total assets increased by 12.05% to CNY 10,542,047,867.29 compared to the end of the previous year[6] - Total liabilities amounted to ¥7,410,426,781.80, an increase from ¥6,530,980,261.69, indicating a rise of approximately 13.46%[21] - Current assets totaled ¥4,859,661,388.36, an increase of 17.49% from ¥4,136,414,363.21 at the end of 2020[20] - Total liabilities increased to CNY 1,124,165,523.51, up from CNY 1,097,104,592.60, indicating a growth of 2.47%[27] Cash Flow - Cash flow from operating activities improved, with a net cash outflow of CNY -143,739,458.75, compared to CNY -226,765,859.76 in the previous year[6] - Cash inflow from investment activities increased significantly to 760,882,597.07 in Q1 2021, compared to 408,306,329.14 in Q1 2020, representing an increase of 86.1%[36] - Cash and cash equivalents at the end of Q1 2021 totaled RMB 2.00 billion, up from RMB 1.28 billion at the end of Q1 2020, reflecting an increase of 56.00%[35] Shareholder Information - The number of shareholders reached 50,140 at the end of the reporting period[9] - The company disposed of a subsidiary, generating a gain of CNY 403,780,560.37[10] Financial Ratios - The weighted average return on net assets rose by 7.29 percentage points to 11.04%[6] - The company reported a significant increase in financial expenses by 70.49% to ¥44,390,515.08 from ¥26,037,223.96, mainly due to increased foreign exchange losses[13] Investment and Income - Investment income rose by 50.26% to ¥432,852,533.78 from ¥288,065,034.22, primarily due to increased gains from subsidiary disposals[14] - Other income increased by 117.68% to ¥14,520,410.74 from ¥6,670,616.93, reflecting higher government subsidies received compared to the previous year[14]

Financial Performance - In 2020, the company reported a net profit of -162,562,271.23 CNY, indicating a significant impact from the pandemic[5] - The total available profit for distribution to shareholders for 2020 was 454,782,024.42 CNY, but no cash dividends will be distributed due to the lack of profit distribution conditions[5] - The company has not proposed any capital reserve transfer to increase share capital for the year 2020[5] - The company's operating revenue for 2020 was approximately ¥10.82 billion, a decrease of 26.35% compared to ¥14.70 billion in 2019[21] - The net profit attributable to shareholders of the listed company was a loss of approximately ¥808.70 million, compared to a profit of ¥65.65 million in 2019, representing a decline of 1,331.76%[21] - The basic earnings per share for 2020 was -¥0.9488, a significant drop from ¥0.0770 in 2019, reflecting a decrease of 1,332.21%[22] - The total profit for the year was a loss of 867.50 million RMB, compared to a profit of 261.41 million RMB in 2019, marking a decline of 382.94%[43] - The company reported a significant loss of 520.03 million RMB due to the bankruptcy disposal of PFI Company and a loss of 548 million RMB from Auria Company[43] Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4] - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report[7] - The company has not faced any violations in decision-making procedures for external guarantees[7] - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[6] Operational Challenges - The company experienced a loss of approximately ¥160.17 million due to operational disruptions during the pandemic[26] - The company has detailed potential risks in the section discussing future development[8] - The company faces significant industry risk due to its reliance on the automotive sector, which has been experiencing a downturn[107] - The company is exposed to technical risks related to meeting the specific requirements of automotive manufacturers, which could lead to order cancellations or rework[107] Investments and R&D - The company aims to enhance its product offerings in the new materials sector, focusing on high-performance composite materials for various industries, including construction and aerospace[33] - The company is actively pursuing research and development collaborations with universities to expand its product range and market reach[35] - The company plans to invest RMB 1.57 billion to establish an automotive textile interior and acoustic technology R&D center[139] Environmental and Social Responsibility - The company has completed the renovation of waste gas collection and treatment facilities in May 2020[158] - The company improved the efficiency of its wastewater treatment station in October 2020[158] - The company plans to continue its poverty alleviation efforts in 2021 based on relevant policies[155] - The company invested a total of 5 million RMB to support the construction of a charity supermarket in Yunnan Province[153] Shareholder Relations - The company did not distribute dividends in 2020, with a net profit attributable to ordinary shareholders of -808,695,246.09 RMB[110] - The company implemented a cash dividend distribution plan for 2019, distributing a total of 21,307,294.18 RMB, which is 0.025 RMB per share based on a total share capital of 852,291,316 shares[106] - The company has committed to maintaining shareholder rights and interests in all transactions[114] Legal Matters - The company has faced bankruptcy proceedings for its wholly-owned subsidiary PFI Holdings, LLC, due to multiple factors including rising raw material costs and competition from e-commerce platforms[125] - The company reported a significant lawsuit involving Shanghai Zhongguan Plant Protection Company, with a judgment in favor of the company for a total of 2,397,903.13 RMB[128] - The company has also initiated a lawsuit against multiple parties for a total claim of 30,472,953.01 RMB due to unpaid debts related to import business[128] Management and Governance - The company has not reported any new product developments or technological advancements during the period[194] - The company has not disclosed any significant changes in its board of directors, supervisors, or senior management personnel during the reporting period, suggesting continuity in leadership[193] - The company’s board of directors and senior management remuneration is determined based on annual income standards and net asset performance[198] Market and Industry Trends - In 2020, global new car production was approximately 77.62 million units, a decrease of 15.8% compared to 2019, while total sales were about 77.97 million units, down 13.8% year-on-year[30] - The company anticipates that competition in the automotive market will intensify post-2022, particularly with the rise of new energy vehicles and smart in-car systems[99] - The semiconductor shortage is expected to impact global automotive production, with a forecasted reduction of 672,000 light vehicles in Q1 2021[97]

Financial Performance - Operating revenue for the first nine months was CNY 7,854,644,158.25, down 28.69% year-on-year [8]. - Net profit attributable to shareholders was CNY -118,722,140.21, a decline of 132.18% compared to the same period last year [8]. - Basic earnings per share were CNY -0.1393, a decrease of 132.18% year-on-year [8]. - The company reported a net cash flow from operating activities of CNY -11,157,251.34 for the first nine months [8]. - Total revenue for Q3 2020 was CNY 2,991,800,370.77, a decrease of 20% compared to CNY 3,735,270,223.65 in Q3 2019 [27]. - Total revenue for the first three quarters of 2020 reached CNY 7,854,644,158.25, down 29.6% from CNY 11,015,510,967.44 in the same period of 2019 [27]. - The company reported a net profit of CNY 3,614,202.19 in Q3 2020, compared to a loss of CNY 6,224,024.24 in Q3 2019 [28]. - Net profit for Q3 2020 was -18,942,975.16, a significant decline compared to the previous year [29]. - The company reported a total comprehensive income of -46,887,553.72 for Q3 2020, a decrease from 7,567,443.61 in Q3 2019 [32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,397,627,825.52, a decrease of 2.41% compared to the end of the previous year [8]. - Current liabilities increased by 278.43% to RMB 1,113,535,175.54 from RMB 294,251,514.63, primarily due to the transfer of long-term borrowings [15]. - Long-term borrowings decreased by 36.37% to RMB 1,398,732,989.88 from RMB 2,198,281,649.70 [15]. - The total liabilities as of September 30, 2020, were approximately ¥6.77 billion, compared to ¥6.67 billion at the end of 2019 [21]. - Total liabilities stood at 6,667,557,099.19 RMB, with non-current liabilities accounting for 2,573,683,890.72 RMB [44]. - Total assets amounted to RMB 4,084,048,582.54 as of September 30, 2020 [48]. - Total liabilities reached RMB 1,018,755,561.80, with current liabilities at RMB 736,555,348.17 [48]. Cash Flow - The company's cash payments for operating activities decreased by 32.60% year-on-year, totaling approximately ¥408.72 million [16]. - Cash received from operating activities decreased by 53.46% year-on-year, amounting to approximately ¥331.79 million [16]. - Cash payments for investments decreased by 38.23% year-on-year, totaling approximately ¥372.58 million [16]. - Cash received from financing activities increased by 47.83% year-on-year, reaching approximately ¥20.47 million [16]. - The company reported a total cash inflow from financing activities of 2,381,150,793.64 RMB in the first three quarters of 2020, down from 2,676,560,709.89 RMB in the same period of 2019 [37]. - The cash outflow from investing activities was 671,665,821.76 RMB in the first three quarters of 2020, compared to 1,023,567,821.52 RMB in the same period last year, indicating a reduction in investment spending [36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 54,521 [10]. - The largest shareholder, Shanghai Shenda (Group) Co., Ltd., held 31.07% of the shares, with 44,134,469 shares frozen [10]. Expenses and Income - Non-operating income for the first nine months included government subsidies amounting to CNY 26,112,026.95 [9]. - Financial expenses decreased by 50.82% to RMB 82,967,124.07 from RMB 168,694,648.88, attributed to lower interest expenses and exchange rate fluctuations [15]. - The company reported a significant increase in restructuring expenses, with operating expenses rising by 2,029.08% to RMB 34,541,166.21 from RMB 1,622,348.53 [15]. - The company’s tax expenses decreased by 53.33% to RMB 88,466,420.59 from RMB 189,545,910.62, mainly due to reduced income from equity disposals [15]. - The company incurred a financial expense of 26,405,706.25 in Q3 2020, compared to -4,736,702.73 in the same quarter last year [33]. Investment and Research - Investment income dropped by 59.07% to RMB 312,851,561.06 from RMB 764,419,637.45, mainly due to reduced gains from equity disposals [15]. - Research and development expenses for the first three quarters of 2020 were CNY 104,828,126.41, down from CNY 136,935,393.37 in the same period of 2019 [28]. - Research and development expenses for Q3 2020 were 219,068.28, down from 804,443.57 in Q3 2019 [33].