Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,164,541,825, representing a year-on-year increase of 6.63%[8] - The net profit attributable to shareholders for Q1 2023 was CNY 7,889,524, reflecting a growth of 7.17% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,486,181, with a year-on-year increase of 4.44%[8] - Total comprehensive income for Q1 2023 was ¥11,105,231, compared to ¥8,261,261 in Q1 2022, indicating a year-over-year increase of 34.4%[33] - The company reported a total profit of ¥18,313,161, which is an increase of 77.5% from ¥10,321,007 in Q1 2022[31] Earnings and Shareholder Returns - The basic and diluted earnings per share for Q1 2023 were both CNY 0.0053, marking an increase of 8.16% year-on-year[8] - Earnings per share (EPS) for Q1 2023 was ¥0.0053, compared to ¥0.0049 in Q1 2022, reflecting a growth of 8.2%[33] - The weighted average return on equity was 0.21%, an increase of 0.01 percentage points compared to the previous year[8] Cash Flow and Investments - The net cash flow from operating activities decreased by 51.57% to CNY 44,499,133, primarily due to increased payments for raw materials and employee compensation[13] - The net cash flow from investing activities was -$811.42 million, an increase from -$733.22 million year-over-year[39] - Net cash flow from financing activities was $236.77 million, a significant improvement from -$27.71 million in the previous period[39] - The net increase in cash and cash equivalents was $109.78 million, compared to a decrease of -$36.14 million in the prior year[39] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 7,917,198,608, a slight decrease of 0.16% from the end of the previous year[11] - The total liabilities decreased slightly to CNY 3,746,585,359 from CNY 3,770,368,448, a reduction of 0.63%[27] - The total current assets amounted to CNY 4,198,128,342, a decrease of 1.23% from CNY 4,250,555,420 on December 31, 2022[21] - The total non-current assets increased to CNY 3,719,070,266, up from CNY 3,679,396,228, indicating a growth of 1.08%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,808[14] - The equity attributable to shareholders increased by 0.23% to CNY 3,688,984,912 compared to the end of the previous year[11] - The total equity attributable to shareholders increased to CNY 3,688,984,912 from CNY 3,680,427,706, reflecting a growth of 0.23%[27] Government Support and Expenses - The company received government subsidies amounting to CNY 1,775,709 during the reporting period[12] - Research and development expenses amounted to ¥43,568,981, a decrease of 5.0% from ¥46,029,214 in the previous year[31] - The total operating costs were ¥1,153,695,819, an increase of 4.9% from ¥1,099,497,119 in Q1 2022[31] Other Financial Metrics - The company recorded a net investment income of ¥5,064,191, down from ¥16,085,268 in the previous year, indicating a decline of 68.5%[31] - The company did not apply new accounting standards or interpretations for the first time in 2023[39]

证券代码：601279 证券简称：英利汽车 公告编号：2023-022 长春英利汽车工业股份有限公司 关于召开 2022 年度业绩说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2023 年 04 月 14 日(星期五)下午 13:00-14:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 07 日(星期五)至 04 月 13 日(星期四)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@engley.net 进 行提问。长春英利汽车工业股份有限公司（以下简称"公司"）将在说明会上对 投资者普遍关注的问题进行回答。 公司已于 2023 年 03 月 31 日发布公司 2022 年年度报告，为便于广大投资者 更全面深入地了解公司 2022 年年度经营成果、财务状况，公司 ...

Financial Performance - The company achieved operating revenue of CNY 5,094.27 million, an increase of 10.86% compared to the previous year[14]. - The net profit attributable to shareholders was CNY 583.70 million, a decrease of 60.72% year-on-year[14]. - The company reported a significant increase in investment income, rising by 417.10% to CNY 70.42 million[14]. - The company achieved a main business revenue of 5,080,145,600 RMB, an increase of 10.69% compared to the previous year[15]. - The main business cost was 4,569,456,609 RMB, reflecting a growth of 16.25% year-on-year[15]. - The net cash flow from operating activities was 256,464,618 RMB, representing a 9.97% increase from 233,244,873 RMB in the previous year[31]. - The company's revenue for 2022 was CNY 5,094,269,391, an increase of 10.86% compared to CNY 4,595,391,392 in 2021[62]. - The net profit attributable to shareholders for 2022 was CNY 58,369,678, a decrease of 60.72% from CNY 148,610,729 in the previous year[62]. - The net profit after deducting non-recurring gains and losses was CNY 2,586,506, down 97.36% from CNY 97,822,501 in 2021[62]. - The net cash flow from operating activities for 2022 was CNY 256,464,618, an increase of 9.96% compared to CNY 233,244,873 in 2021[62]. Market Position and Strategy - The company maintained its competitive advantage with existing high-end vehicle manufacturers, including FAW-Volkswagen and Beijing Benz[2]. - The company accelerated its market layout in the new energy vehicle sector, supplying components to major clients like BYD and NIO[2]. - The proportion of revenue from new energy vehicle supply gradually increased, accounting for approximately 22.55% of total revenue[2]. - The automotive industry is expected to grow due to urbanization and the promotion of new energy vehicles, benefiting the automotive parts sector[4]. - The company is focused on expanding its market presence and enhancing product development capabilities[58]. - Future outlook includes strategic initiatives aimed at improving operational efficiency and exploring potential mergers and acquisitions[58]. Research and Development - The company invested in research and development, with R&D expenses rising by 6.11% to CNY 196.83 million[14]. - The company has 490 R&D personnel, accounting for 11.74% of the total workforce[24]. - R&D expenses amounted to 196,825,326 RMB, representing 3.86% of total operating revenue, indicating a focus on innovation and product development[135]. - The company is focusing on lightweight automotive components, collaborating with universities for technology exchange[2]. - The company focuses on lightweight automotive components, with a commitment to innovation in design and manufacturing processes to meet market demands[96]. Production and Operations - The company plans to establish manufacturing bases in Shanghai and Anhui to meet customer delivery demands[2]. - The company produced 136,677,760 metal parts and sold 123,045,077 units, reflecting a sales volume increase of 12.39% compared to the previous year[130]. - The company achieved a production increase of 8.22% in metal parts compared to the previous year, demonstrating operational growth[130]. - The company maintains a comprehensive quality assurance system certified by IATF16949:2016, ensuring high product quality standards[127]. - The company’s production capabilities are supported by advanced international manufacturing equipment, enhancing its manufacturing strength[127]. Financial Management - The company plans to retain undistributed profits for production and investment needs, with no cash dividend distribution proposed for 2022[39]. - The company’s trading financial assets decreased by 74.59% to 442,627 RMB due to the sale of part of its financial assets[26]. - The company’s investment activities generated a net cash flow of -219,093,762 RMB, an improvement from -370,191,900 RMB in the previous year[31]. - The company increased bank borrowings during the reporting period, impacting cash flow from financing activities[104]. - The company reported a decrease in management expenses by 11.38% due to reduced employee compensation and intermediary costs[135]. Customer and Supplier Relations - The total sales to the top five customers amounted to 387,288 RMB, which is 76.02% of the total operating income[20]. - The company established long-term partnerships with major clients such as FAW-Volkswagen and BYD, enhancing its customer resource advantage[127]. - The company’s procurement strategy includes a significant reliance on third-party distributors for metal materials, optimizing supply chain management[125]. Taxation and Compliance - The company's effective income tax rate is 15% for the main entity and varies for subsidiaries, with rates of 25% for some entities and 0% for Wiser Decision registered in Samoa[194][196]. - Wiser Decision, a subsidiary, is exempt from corporate income tax, with a tax rate of 0% for the year 2022[196]. - The company has multiple subsidiaries with varying tax rates, including 15% for Suzhou Yingli and 25% for Yizheng Yingli[194].

2022 年第三季度报告 单位：元 币种：人民币 证券代码：601279 证券简称：英利汽车 长春英利汽车工业股份有限公司 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 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|---------------|--------------------------------------|----------------|---------------------------- ...

Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2022, representing a year-on-year increase of 15%[18]. - The net profit for the same period was RMB 200 million, which is a 10% increase compared to the previous year[18]. - The company's operating revenue for the first half of the year was ¥1,940,331,180, a decrease of 13.55% compared to ¥2,244,549,032 in the same period last year[24]. - The net profit attributable to shareholders was -¥47,830,446, representing a decline of 201.63% from a profit of ¥47,062,752 in the previous year[24]. - The net cash flow from operating activities was ¥112,386,210, down 62.00% from ¥295,735,171 in the same period last year[24]. - The basic earnings per share for the first half of the year was -¥0.03, a decrease of 200.00% compared to ¥0.03 in the same period last year[25]. - The weighted average return on net assets was -1.32%, a decrease of 2.72 percentage points from 1.40% in the previous year[25]. - Future guidance estimates a revenue growth of 18% for the full year 2022, with a projected net profit margin of 12%[18]. Market and Product Development - User data indicates a growth in customer base by 20%, reaching a total of 1.2 million active users[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2023[18]. - New product development includes the launch of an electric vehicle model expected to contribute an additional RMB 300 million in revenue by Q4 2022[18]. - The company has allocated RMB 100 million for research and development in advanced automotive technologies for the upcoming fiscal year[18]. - The company is actively developing lightweight automotive components, with over 60% of ongoing design projects focused on pure electric vehicle parts[57]. Industry Challenges and Risks - Risk factors include potential supply chain disruptions and increased competition in the automotive sector, which could impact future performance[18]. - The automotive industry faced significant challenges in the first half of 2022, with production and sales of vehicles declining by 3.7% and 6.6% respectively[36]. - The ongoing COVID-19 pandemic poses risks to the company's operating performance due to potential reductions in production from automotive manufacturers, leading to decreased sales of component products[77]. Financial Position and Assets - The total assets at the end of the reporting period were ¥6,918,463,690, down 3.04% from ¥7,135,019,996 at the end of the previous year[24]. - The net assets attributable to shareholders at the end of the reporting period were ¥3,580,446,499, a decrease of 1.72% from ¥3,643,212,877 at the end of the previous year[24]. - Cash and cash equivalents decreased by 19.78% to ¥832,350,275, accounting for 12.03% of total assets[64]. - Accounts receivable decreased by 12.37% to ¥752,502,861, representing 10.88% of total assets[64]. - Inventory increased by 18.30% to ¥1,430,585,056, making up 20.68% of total assets[64]. Environmental and Sustainability Efforts - The company has established a waste gas collection and treatment system, dust removal system, and wastewater treatment system to meet environmental standards[92]. - The company has implemented measures to reduce carbon emissions, including upgrading to energy-efficient equipment, which can save energy by over 30%[95]. - The company adheres to ISO 14001:2015 standards, establishing an environmental management system to monitor and manage pollutants[94]. - The company has made significant investments in pollution control technologies to ensure compliance with national and local environmental regulations[94]. Shareholder Commitments and Governance - The controlling shareholder, Cayman Yingli, commits not to transfer or manage shares held before the IPO for 36 months post-listing[101]. - If the stock price falls below the IPO price for 20 consecutive trading days within 6 months post-listing, the lock-up period will automatically extend by 6 months[101]. - The company will initiate stock buyback measures if the stock price falls below the audited net asset value per share for 20 consecutive trading days within 3 years post-listing[108]. - Shareholders are restricted to selling no more than 25% of their shares annually after the lock-up period ends[104]. - The company has established measures to ensure that any related transactions are conducted fairly and disclosed in a timely manner[135].

Financial Performance - The company's revenue for Q1 2022 was CNY 1,092,136,352, representing an increase of 8.99% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 47.79% to CNY 7,361,969, primarily due to rising raw material costs and the impact of the pandemic[11]. - Basic and diluted earnings per share decreased by 53.33% to CNY 0.0049, reflecting the decline in net profit[11]. - Total operating revenue for Q1 2022 was 1,092,136,352, an increase from 1,002,083,771 in Q1 2021, representing a growth of approximately 8.98%[27]. - Net profit for Q1 2022 was 9,001,629, down from 23,712,404 in Q1 2021, reflecting a decrease of approximately 62.14%[29]. - The total comprehensive income for Q1 2022 was 8,261,261, down from 21,519,283 in Q1 2021, reflecting a decrease of about 61.61%[29]. Cash Flow and Liquidity - The net cash flow from operating activities fell by 63.05% to CNY 91,892,295, attributed to a decrease in sales collections during the period[11]. - Cash and cash equivalents amounted to 999.90 million RMB as of March 31, 2022, down from 1,037.61 million RMB at the end of 2021[18]. - The cash outflow from operating activities in Q1 2022 was -¥1,077,551,501, slightly higher than -¥1,076,582,137 in Q1 2021[32]. - The cash inflow from sales of goods and services in Q1 2022 was ¥1,162,031,264, a decrease of 12.0% from ¥1,321,309,361 in Q1 2021[32]. - The cash outflow for purchasing goods and services in Q1 2022 was -¥759,065,118, compared to -¥716,340,211 in Q1 2021, indicating an increase in costs[32]. - The total cash and cash equivalents at the end of Q1 2022 stood at ¥668,729,940, down from ¥945,420,890 at the end of Q1 2021[34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,059,723,222, a decrease of 1.06% from the end of the previous year[5]. - Total liabilities decreased to 2,937,591,085 in the latest report from 3,021,149,120 in the previous period, a reduction of approximately 2.77%[27]. - Total equity increased slightly to 4,122,132,137 from 4,113,870,876, reflecting a growth of about 0.20%[27]. - Accounts receivable decreased to 658.29 million RMB from 858.70 million RMB year-on-year[18]. - Inventory stood at 1,200.51 million RMB, slightly down from 1,209.26 million RMB at the end of 2021[21]. - The total assets of the company were 7,059.72 million RMB, a decrease from 7,135.02 million RMB at the end of 2021[21]. Shareholder Information - The company had a total of 40,803 common shareholders at the end of the reporting period[12]. - The largest shareholder, Cayman Yingli Industrial Co., Ltd., held 86.91% of the shares[12]. Strategic Initiatives - The company plans to address the challenges posed by rising costs and market conditions in future strategies[11]. - The company is actively enhancing its market presence in the new energy vehicle sector and developing high-quality customer relationships[17]. - The company is focused on improving operational efficiency and quality amidst challenges posed by the COVID-19 pandemic[17]. - The company successfully secured projects from notable North American electric vehicle clients including Polestar, Xiaopeng, NIO, and BYD during the reporting period[17]. Other Financial Metrics - Non-recurring gains and losses totaled CNY 2,108,851, with significant contributions from government subsidies and other non-operating income[8]. - The weighted average return on equity increased by 0.38 percentage points to 0.81%[5]. - The company reported a significant increase in investment income to 16,085,268 in Q1 2022, compared to 4,682,700 in Q1 2021, marking an increase of approximately 243.61%[27]. - Other comprehensive income after tax for Q1 2022 was -740,368, compared to -2,193,121 in Q1 2021, indicating an improvement[29]. - The company’s financial expenses decreased to -3,719,996 in Q1 2022 from -8,936,821 in Q1 2021, a reduction of approximately 58.34%[27].

Financial Performance - The company's operating revenue for 2021 was CNY 4,595,391,392, a decrease of 8.45% compared to CNY 5,019,623,514 in 2020[27]. - The net profit attributable to shareholders for 2021 was CNY 148,610,729, down 10.05% from CNY 165,218,827 in 2020[27]. - The total profit for the year was RMB 242.78 million, down 16.04% year-on-year[40]. - The net cash flow from operating activities decreased by 77.67% to CNY 233,244,873 in 2021 from CNY 1,044,535,328 in 2020[27]. - The gross profit margin for the automotive parts segment decreased by 0.31 percentage points to 14.35% compared to the previous year[70]. - The net profit margin was reported at 12%, up from 10% in the previous year, reflecting improved operational efficiency[146]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.1 RMB per 10 shares, totaling approximately 14.94 million RMB, which represents 10.05% of the net profit attributable to shareholders for the year 2021[6]. - The cash dividend proposal was approved by the board and is pending approval from the annual general meeting[177]. - The company's cash dividend policy remains unchanged during the reporting period, emphasizing stable and reasonable returns to investors[177]. Audit and Compliance - The company received a standard unqualified audit report from PwC Zhong Tian[5]. - The internal control audit conducted by PwC confirmed the effectiveness of the company's financial reporting internal controls, receiving a standard unqualified opinion[186]. - The company has not reported any violations in decision-making procedures regarding external guarantees[9]. - The company has not faced any administrative penalties related to environmental issues and complies with national and local environmental regulations[190]. Risk Management - The company has outlined potential risks in its future development strategy, which investors should be aware of[11]. - The report includes a detailed description of potential risks that the company may face in the future[11]. - The company is facing risks related to the automotive industry's performance, which could impact demand and competition, particularly due to chip shortages[112]. - The company has established a comprehensive risk management system to enhance financial data analysis and fund usage supervision[183]. Research and Development - The company focused on R&D innovation, developing lightweight automotive components and enhancing product competitiveness[40]. - The company's R&D expenses increased by 23.55% to CNY 185,492,877, driven by new model and technology projects[64]. - The company aims to enhance R&D capabilities by integrating metal and non-metal processes to meet the increasing demand for lightweight automotive components[111]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[146]. Market and Production - The company plans to focus on expanding its market presence and enhancing product development in the upcoming years[27]. - The supply of components for new energy vehicles accounted for approximately 10% of the company's operating revenue in 2021[40]. - The automotive industry in China saw production and sales growth of 3.4% and 3.8% respectively in 2021, with a significant increase in new energy vehicle market share to 13.4%[90]. - The company has established stable partnerships with high-end vehicle manufacturers, including FAW-Volkswagen and Beijing Benz, and is expanding its client base to include emerging new energy vehicle manufacturers[53]. Environmental Initiatives - The company has established a waste gas collection and treatment system, dust removal system, and wastewater treatment system to meet environmental standards[194]. - The company has implemented measures to reduce carbon emissions, including upgrading to energy-efficient equipment, which has resulted in energy savings of over 30%[198]. - The company actively engages in clean production and adheres to national and local environmental regulations, ensuring stable compliance with discharge standards[197]. - The company has adopted LED lighting in its factories to enhance energy efficiency compared to traditional lighting[198]. Corporate Governance - The board of directors and supervisory board members confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has established a complete and independent operational structure, ensuring independence in assets, personnel, finance, organization, and business from its controlling shareholders[126]. - The company has a structured remuneration system for its board members and senior management, ensuring transparency and accountability[137]. - The company held nine board meetings in the year, with all directors attending in person[160].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,037,163,470, a decrease of 17.56% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2021 was ¥26,532,471, down 57.90% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,259,231, reflecting a decrease of 58.08% compared to the previous year[7]. - Basic earnings per share for Q3 2021 were ¥0.02, down 60.00% year-on-year[10]. - Total operating revenue for the first three quarters of 2021 was CNY 3,281,712,502, slightly down from CNY 3,289,441,472 in the same period of 2020, representing a decrease of approximately 0.2%[29]. - The company reported a net profit of CNY 1,282,739,016 for the first three quarters of 2021, compared to CNY 1,209,143,793 in the same period of 2020, an increase of about 6.1%[29]. - Total revenue for the third quarter was 117,942,345, a decrease of 30,726,534 compared to 168,668,879 in the previous year, representing a decline of approximately 18.2%[36]. - Net profit for the quarter was 100,053,138, down from 144,982,643, reflecting a decrease of about 30.8% year-over-year[36]. - Earnings per share (EPS) for the quarter was 0.05, compared to 0.07 in the same period last year, indicating a decline of approximately 28.6%[38]. - Operating profit for the quarter was 117,589,569, down from 168,337,105, a decrease of around 30.1% year-over-year[36]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was ¥219,292,867, a decline of 70.57% compared to the same period last year[10]. - The net cash flow from operating activities was $219.29 million, a decrease of 70.7% compared to $745.02 million in the previous period[41]. - Cash inflow from operating activities totaled 3,415,541,626, down from 3,463,310,253, a decrease of about 1.4% year-over-year[38]. - The total cash and cash equivalents at the end of the period amounted to $634.90 million, down from $826.30 million in the previous period[41]. - The company reported a decrease in cash outflow related to operating activities, which was $3.20 billion compared to $2.72 billion in the previous period[41]. - The cash inflow from financing activities was $514.95 million, a decrease of 41.7% compared to $882.87 million in the previous period[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,852,096,048, a decrease of 2.43% from the end of the previous year[10]. - As of September 30, 2021, total current assets amounted to CNY 3,372,539,366, a decrease of about 7.6% compared to CNY 3,649,718,162 at the end of 2020[24]. - The company's total assets decreased to CNY 6,852,096,048 from CNY 7,022,803,647, representing a decline of approximately 2.4%[29]. - Total liabilities as of September 30, 2021, were CNY 2,840,861,726, down from CNY 3,359,043,319, a decrease of about 15.4%[29]. - The total liabilities increased to $2.60 billion, up from $2.59 billion, indicating a slight increase in financial obligations[46]. - Long-term borrowings were reduced to CNY 437,494,822 from CNY 619,763,090, indicating a decrease of about 29.3%[29]. - Total liabilities amounted to CNY 3,359,043,319, a decrease of CNY 64,961,022 compared to the previous period[49]. - Non-current liabilities totaled CNY 770,449,843, reflecting a decrease of CNY 49,543,301[49]. Research and Development - The company increased R&D expenses due to new models, products, and technologies, contributing to the decline in net profit[13]. - Research and development expenses increased to 139,277,983, up from 106,730,978, marking an increase of approximately 30.4%[36]. Challenges and Market Conditions - The company faced challenges from chip shortages and rising material costs, impacting production and revenue[13]. - Sales expenses significantly decreased to 19,111,863 from 45,258,256, a reduction of about 57.7%[36]. Equity and Retained Earnings - The total equity attributable to shareholders increased by 9.88% year-on-year, reaching ¥3,571,246,898[10]. - The company's equity attributable to shareholders increased to CNY 3,571,246,898 from CNY 3,250,219,975, reflecting an increase of approximately 9.9%[29]. - The company's retained earnings stood at CNY 1,209,143,793, consistent with prior figures[49].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-over-year increase of 15%[17]. - The net profit for the same period was RMB 150 million, which is a 10% increase compared to the previous year[17]. - The company's operating revenue for the first half of 2021 was ¥2,244,549,032, representing a 10.50% increase compared to ¥2,031,287,867 in the same period last year[21]. - The net profit attributable to shareholders was ¥47,062,752, an increase of 85.09% from ¥25,427,370 in the previous year[21]. - The total profit reached 85.93 million yuan, reflecting a year-on-year growth of 48.71%[50]. - Future guidance estimates a revenue growth of 18% for the second half of 2021, projecting total revenue of RMB 1.4 billion[17]. User Growth and Market Expansion - User data indicates a growth in active users by 20%, reaching a total of 500,000 active users by June 30, 2021[17]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2023[17]. Research and Development - The company has allocated RMB 200 million for research and development in new technologies for the upcoming fiscal year[17]. - New product development includes the launch of an electric vehicle model expected to contribute an additional RMB 300 million in revenue in 2022[17]. - The company plans to continue leveraging its R&D capabilities to create lighter body structure and safety components[50]. - Research and development expenses rose by 34.09% to ¥88,653,169, driven by increased investment in new models, products, and technologies[56]. Cost Management and Efficiency - The company has implemented cost-cutting measures expected to save RMB 50 million annually[17]. - The company has implemented a cost management system that has led to savings of approximately 13 million yuan through investment optimization[51]. - Operating costs increased by 11.77% to ¥1,921,597,841 from ¥1,719,280,829, primarily due to the rise in operating revenue and changes in accounting standards[56]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and regulatory changes that could impact operations[17]. - Future outlook remains cautiously optimistic, with ongoing challenges such as chip supply issues and rising raw material costs impacting the automotive sector[28]. - The company faces risks from fluctuations in raw material prices, particularly steel, which significantly impacts gross margins[74]. - The impact of the COVID-19 pandemic on the automotive industry remains a concern, with potential negative effects on the company's performance if the situation worsens[75]. Environmental Compliance - The company has established pollution prevention and environmental risk measures, ensuring compliance with national and local environmental regulations[87]. - The company reported that all wastewater and emissions meet the required standards, including those from production processes and daily operations[91]. - The company has implemented a waste collection and treatment system that complies with environmental standards and regulations[92]. - The company has adopted energy-saving production equipment, resulting in energy consumption reduction of over 30% through the use of new heating methods and welding equipment[96]. Corporate Governance and Shareholder Commitments - The company has established a clear governance structure with a board of directors and supervisory board to enhance operational transparency and protect shareholder rights[55]. - The company commits to not transferring or entrusting the management of its shares for 36 months post-IPO, with an automatic extension of the lock-up period if stock prices fall below the issue price[102]. - The company will disclose any failure to implement stock price stabilization measures and apologize to shareholders and the public[126]. - The company has established a long-term commitment to ensure that its prospectus does not contain false statements or omissions, with legal responsibilities outlined for any violations[163]. Shareholder Structure and Stock Information - The company was listed on the Shanghai Stock Exchange on April 15, 2021[177]. - Cayman Yingli Industrial Co., Ltd. holds 1,298,704,372 shares, representing 86.91% of total shares[196]. - The company has a lock-up period of 36 months for shares held by Cayman Yingli Industrial Co., Ltd. since the listing date[199]. - The total number of shares held by the top ten shareholders is significant, indicating concentrated ownership[199].

Financial Performance - Operating revenue for the period was CNY 1,002,083,771, representing a year-on-year increase of 19.90%[12] - Net profit attributable to shareholders was CNY 14,099,402, a significant recovery from a loss of CNY 27,393,240 in the same period last year[12] - Basic earnings per share were CNY 0.01, recovering from a loss of CNY 0.02 per share in the same period last year[12] - Net profit for Q1 2021 was ¥23,712,404, a significant recovery from a net loss of ¥19,676,457 in Q1 2020[24] - The total profit for Q1 2021 was CNY 28,796,537, compared to a total loss of CNY 23,415,629 in Q1 2020[47] - The company anticipates continued growth in sales and profitability in the upcoming quarters[27] Cash Flow - Net cash flow from operating activities was CNY 248,696,068, down 29.68% compared to the previous year[12] - Cash inflow from operating activities for Q1 2021 was ¥1,325,278,205, an increase from ¥1,201,421,665 in Q1 2020, representing a growth of approximately 10.3%[57] - Net cash outflow from operating activities for Q1 2021 was ¥1,076,582,137, compared to ¥847,766,219 in Q1 2020, indicating an increase of about 27%[57] - Cash inflow from investment activities for Q1 2021 was ¥1,092,883,780, significantly higher than ¥797,801,054 in Q1 2020, marking an increase of around 37%[57] - Net cash outflow from investment activities for Q1 2021 was ¥170,493,849, compared to ¥59,614,034 in Q1 2020, reflecting an increase of approximately 186%[59] - Cash inflow from financing activities for Q1 2021 was ¥50,028,532, a decrease from ¥313,053,310 in Q1 2020, representing a decline of about 84%[59] - Net cash flow from financing activities for Q1 2021 was -¥102,431,615, contrasting with a positive cash flow of ¥65,402,565 in Q1 2020[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,989,531,859, a decrease of 0.47% compared to the end of the previous year[12] - Total liabilities decreased to CNY 3,304,310,852 from CNY 3,359,043,319, showing a reduction of about 1.6%[35] - The total equity attributable to shareholders increased to CNY 3,262,096,954 from CNY 3,250,219,975, marking a growth of approximately 0.4%[37] - The company's inventory as of March 31, 2021, was CNY 271,006,283, compared to CNY 228,243,451 at the end of 2020, indicating an increase of about 18.7%[41] - The total current liabilities included employee compensation payable of ¥57,472,519 and tax payable of ¥31,479,462[68] Shareholder Information - The total number of shareholders at the end of the reporting period was 7[19] - The largest shareholder, Cayman Yingli Industrial Co., Ltd., held 1,298,704,372 shares, accounting for 96.57% of the total shares[19] Research and Development - Research and development expenses rose by 40% to ¥46,144,217 due to increased R&D investments[24] - Research and development expenses decreased to CNY 9,700,009 from CNY 8,648,831, indicating a rise of approximately 12.1% year-over-year[49] Government Subsidies - The company received government subsidies amounting to CNY 2,080,521, which are closely related to its normal business operations[14] Financial Expenses - The company reported a 48% decrease in financial expenses to ¥8,936,821 due to reduced foreign exchange losses[24] - Financial expenses were reduced to CNY 4,837,900 from CNY 6,908,264, showing a decrease of about 30%[49] Investment Income - The company reported investment income of CNY 4,682,700, a turnaround from an investment loss of CNY 4,638,517 in the previous year[47] Comprehensive Income - Other comprehensive income after tax for Q1 2021 was CNY 9,613,002, compared to CNY 7,716,783 in the same period last year[47] - The total comprehensive income for Q1 2021 was CNY 21,519,283, a recovery from a total comprehensive loss of CNY 19,823,338 in the previous year[49] Changes in Accounting Standards - The company is implementing new leasing accounting standards effective January 1, 2021, which may impact future financial reporting[79]