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]