证券代码：601702 证券简称：华峰铝业 公告编号：2023-018 上海华峰铝业股份有限公司 暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 05 月 09 日(星期二) 上午 10:00-11:30 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/） 关于召开 2022 年度暨 2023 年第一季度业绩 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2023 年 04 月 27 日(星期四) 至 05 月 08 日(星期 一)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 hfly@huafeng.com 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 上海华峰铝业股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发布公司 2022 年度报告和 2023 年一季报，为便于广大投资 者更全面深入地了解公司 2022 年度 ...

证券代码：601702 证券简称：华峰铝业 上海华峰铝业股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |-----------------------|-------------------------------------------------------|---------------------------------------------------------------------------------| | | | | | 投资者关系活动类 | □特定对象调研 □分析师会议 | | | 别 | □媒体采访 | ■业绩说明会 | | | □新闻发布会 □路演活动 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位名称及人 | 广大投资者 | | | 员姓名 | | | | 会议时间 会议地点 | 2022 年 05 月 13 | 日(星期五)上午 09:00-10:00 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： | | | http://roadshow.sseinfo.com/ | ） ...

Financial Performance - The company's operating revenue for Q3 2022 was RMB 2,226,168,276.11, representing a year-on-year increase of 44.97%[2] - The net profit attributable to shareholders for Q3 2022 was RMB 208,346,307.73, reflecting a year-on-year growth of 67.77%[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was RMB 205,469,454.32, an increase of 71.49% compared to the same period last year[2] - The basic earnings per share for Q3 2022 was RMB 0.21, up 75.00% year-on-year[3] - The diluted earnings per share for Q3 2022 was also RMB 0.21, showing a 75.00% increase from the previous year[3] - Operating profit for the third quarter was ¥558,710,895.79, up from ¥394,565,675.59 in the previous year, reflecting a growth of 41.7%[15] - Net profit attributable to shareholders for the first three quarters was ¥516,561,588.88, compared to ¥363,998,183.29 in the same period last year, marking an increase of 42.0%[15] - The total comprehensive income for the third quarter was ¥516,585,952.60, an increase from ¥363,924,087.73 year-over-year, representing a growth of 42.0%[16] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to RMB 6,279,164,171.13, representing a year-on-year increase of 7.80%[3] - The equity attributable to shareholders at the end of Q3 2022 was RMB 3,588,103,844.55, reflecting a year-on-year growth of 14.24%[3] - The total liabilities as of the end of the third quarter amounted to ¥2,691,018,130.91, slightly up from ¥2,683,917,835.42 year-over-year[13] - The company's total equity reached ¥3,588,146,040.22, an increase from ¥3,140,860,073.98 in the previous year, indicating a growth of 14.2%[13] - Total assets increased to ¥5,034,129,996.29 from ¥4,766,959,164.39, marking a rise of about 5.6%[22] - Total liabilities rose to ¥2,124,426,698.59, compared to ¥2,048,169,910.56 in the previous year, showing an increase of approximately 3.7%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,883, with the top ten shareholders holding 55.14% of the shares[8] - Huafeng Group Co., Ltd. holds 550,600,600 shares, accounting for 55.14% of the total shares[8] Cash Flow and Investments - Operating cash inflow for the first three quarters of 2022 reached ¥5,822,426,845.89, a significant increase of 45% compared to ¥4,014,929,621.91 in the same period of 2021[17] - Net cash outflow from operating activities was ¥103,360,821.51, recovering from a loss of ¥214,789,437.53 in the previous year[18] - Cash inflow from investment activities totaled ¥723,694,571.60, up from ¥489,729,720.10 in the previous year, indicating a 47.8% increase[18] - The company's cash and cash equivalents at the end of Q3 2022 were ¥269,604,144.00, down from ¥144,832,778.16 in the same period of 2021[19] - The company reported a cash inflow from the recovery of investments of ¥690,169,969.24, up from ¥489,412,119.26 in the previous year[18] - Cash paid to employees increased to ¥293,630,964.70 from ¥252,682,476.27, representing a growth of 16.2% year-over-year[18] Research and Development - Research and development expenses for the first three quarters were ¥223,375,963.86, a decrease of 3.2% from ¥230,896,506.32 in the same period of 2021[14] - Research and development expenses for the first three quarters were ¥122,869,361.48, down from ¥136,956,169.45 in the same period of 2021, a decrease of approximately 10.3%[23] Financial Management - The company reported a decrease in financial expenses to ¥9,861,737.70 from ¥81,220,710.12 in the previous year, indicating a significant reduction of 87.9%[14] - The total liabilities to equity ratio remained stable, reflecting the company's balanced financial structure despite the increase in total liabilities[13] - The company reported a financial expense of ¥15,175,129.41, significantly lower than ¥64,876,447.61 in the previous year, indicating a reduction of about 76.7%[23] Operational Efficiency - The company's revenue growth was driven by increased sales volume and rising sales prices[7] - The net profit growth was attributed to increased sales volume, higher sales prices, and effective cost control measures[7] - The company’s cash outflows for operating activities decreased to CNY 3,708,239,985.73 from CNY 3,993,948,429.28 in the previous year, reflecting improved operational efficiency[25] Strategic Developments - The company has not disclosed any significant new strategies or product developments in this report[10] - There are no significant changes in the shareholder structure or related party transactions reported[9]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥4,098,704,880.36, representing a 31.87% increase compared to ¥3,108,103,340.10 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was ¥308,215,281.15, up 28.52% from ¥239,815,143.10 in the previous year[13]. - The net profit after deducting non-recurring gains and losses was ¥302,865,159.99, reflecting a 31.31% increase from ¥230,643,875.13 in the same period last year[13]. - Basic earnings per share for the first half of 2022 were ¥0.31, a 29.17% increase from ¥0.24 in the same period last year[14]. - The weighted average return on net assets increased by 0.74 percentage points to 9.39% from 8.65% in the previous year[14]. - The company achieved a revenue of ¥4,098,704,880.36, representing a year-on-year growth of 31.87%[37]. - The net profit attributable to shareholders reached ¥308,215,281.15, an increase of 28.52% compared to the previous year[37]. Assets and Liabilities - The company's total assets increased by 10.43% to ¥6,432,058,447.63 from ¥5,824,777,909.40 at the end of the previous year[13]. - The net assets attributable to shareholders of the listed company rose by 7.64% to ¥3,380,806,141.03 compared to ¥3,140,852,230.48 at the end of the previous year[13]. - Total liabilities rose to CNY 3,051,240,979.29 from CNY 2,683,917,835.42, an increase of approximately 13.7%[152]. - Total equity attributable to shareholders increased to CNY 3,380,806,141.03 from CNY 3,140,852,230.48, reflecting a growth of about 7.6%[152]. Cash Flow - The company reported a net cash flow from operating activities of -¥114,730,664.55, compared to -¥21,911,458.98 in the same period last year[13]. - The net cash flow from operating activities decreased to -¥114,730,664.55 from -¥21,911,458.98 in the previous year, mainly due to increased procurement volume and rising aluminum prices[44]. - The cash inflow from operating activities was approximately ¥3.71 billion, significantly higher than ¥2.24 billion in the first half of 2021[163]. - The cash outflow from operating activities totaled approximately ¥3.83 billion, compared to ¥2.26 billion in the same period of 2021[163]. Research and Development - The company has not disclosed any plans for new products or technologies in this report[4]. - The company's research and development expenses decreased by 26.92% to ¥122,250,504.30 from ¥167,293,259.41, mainly due to delays in R&D projects caused by the pandemic[44]. - The company is focusing on developing high-strength, corrosion-resistant materials for battery thermal management, prioritizing key R&D projects despite some delays due to the pandemic[39]. - The company has a high-standard R&D center and has been recognized as a national high-tech enterprise, focusing on innovative projects in aluminum alloy thermal transmission materials and other advanced products[32]. Market and Industry Trends - The demand for aluminum rolled products surged due to a 120% year-on-year increase in new energy vehicle sales, totaling 2.6 million units in the first half of 2022[17]. - The aluminum processing industry is projected to see a compound annual growth rate of 21.40% from 2018 to 2030, driven by the increasing use of aluminum in new energy vehicles[17]. - The company faced challenges in logistics and production efficiency due to sporadic COVID-19 outbreaks, impacting the automotive aluminum consumption market[19]. Environmental and Sustainability Efforts - The company has implemented a green circular economy model, achieving energy management system certification and initiating carbon footprint accounting[40]. - The company’s wastewater is treated at local designated industrial wastewater treatment plants, ensuring no external discharge of production wastewater[66]. - The company has engaged a carbon emissions expert team to initiate third-party carbon footprint accounting, completing the process for major products[72]. - The company is focused on sustainable development and actively reducing carbon emissions in response to national carbon reduction goals[72]. Shareholder Commitments and Governance - The company has committed to a three-year lock-up period for major shareholders, ensuring stability in shareholding post-IPO[75]. - The company guarantees to compensate investors for any losses incurred due to false statements or significant omissions in the prospectus[100]. - The company will report and disclose any share reduction plans at least 15 trading days in advance if shareholders choose to reduce their holdings through centralized bidding[80]. - The commitments made by shareholders are irrevocable and will be adjusted according to any changes in relevant laws and regulations[82]. Corporate Structure and Subsidiaries - The company has established two wholly-owned subsidiaries in January 2022, with registered capital of ¥50,000 and ¥500,000 respectively, focusing on packaging services and new energy technology[48]. - The company has subsidiaries including Huafeng Aluminum Co., Ltd. and Huafeng New Energy Technology Co., Ltd.[183]. - The company’s actual controller is You Xiaoping, and its parent company is Huafeng Group Co., Ltd.[182]. Compliance and Regulatory Matters - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance, ensuring compliance with relevant regulations[184]. - The company has received no penalties or corrective actions related to violations during the reporting period[137]. - The company will cooperate with regulatory authorities to implement necessary measures if it fails to comply with repurchase commitments[100].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,985,560,080.27, representing a year-on-year increase of 36.54%[2] - The net profit attributable to shareholders for Q1 2022 was ¥102,759,251.45, showing a slight increase of 0.73% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥99,507,002.76, with a year-on-year increase of 1.86%[2] - Total revenue for Q1 2022 was RMB 1,985,560,080.27, an increase of 36.4% compared to RMB 1,454,249,884.05 in Q1 2021[14] - Net profit for Q1 2022 reached RMB 102,766,459.36, a slight increase from RMB 101,998,869.05 in Q1 2021[15] - Operating profit for Q1 2022 was RMB 123,673,641.22, compared to RMB 119,724,108.05 in Q1 2021, reflecting a growth of 3.7%[14] - Total profit for Q1 2022 was approximately ¥49.63 million, a decrease of 34% compared to ¥75.68 million in Q1 2021[21] Assets and Liabilities - The total assets at the end of Q1 2022 amounted to ¥6,207,487,691.24, reflecting a growth of 6.57% from the end of the previous year[3] - The total liabilities increased to RMB 2,964,662,198.90 from RMB 2,683,917,835.42, representing a rise of about 10.43%[13] - The company's total equity attributable to shareholders increased to RMB 3,242,810,996.10 from RMB 3,140,852,230.48, showing a growth of approximately 3.25%[13] - The company's total liabilities increased to $2,288,977,540.62 from $2,048,169,910.56, representing an increase of about 11.7%[19] - The company's total equity reached $2,762,902,703.92, up from $2,718,789,253.83, reflecting a growth of approximately 1.6%[20] Cash Flow - The net cash flow from operating activities for Q1 2022 was negative at -¥524,177,305.28, with no applicable year-on-year comparison[2] - Cash flow from operating activities for Q1 2022 was negative RMB 524,177,305.28, worsening from negative RMB 196,316,574.49 in Q1 2021[16] - The company experienced a net cash inflow from investment activities of RMB 106,141,912.78 in Q1 2022, compared to RMB 48,670,000.00 in Q1 2021[16] - The cash inflow from operating activities totaled approximately ¥1.39 billion in Q1 2022, compared to ¥1.35 billion in Q1 2021[23] - The cash outflow for operating activities was approximately ¥1.55 billion in Q1 2022, slightly higher than ¥1.54 billion in Q1 2021[24] Expenses - Total operating costs for Q1 2022 were RMB 1,845,503,182.64, up 39.9% from RMB 1,318,293,648.29 in Q1 2021[14] - Research and development expenses decreased to RMB 50,483,516.52 in Q1 2022 from RMB 67,740,877.04 in Q1 2021, a reduction of 25.5%[14] - The company reported financial expenses of approximately ¥30.60 million in Q1 2022, an increase from ¥18.21 million in Q1 2021[21] - Research and development expenses decreased to approximately ¥28.58 million in Q1 2022 from ¥39.73 million in Q1 2021, reflecting a reduction of about 28%[21] Inventory and Receivables - Accounts receivable rose to RMB 1,289,281,420.62 from RMB 1,120,740,510.58, marking an increase of about 15.03%[11] - Inventory increased significantly to RMB 2,050,993,061.12 from RMB 1,639,693,479.94, which is an increase of approximately 25.1%[11] - The company's inventory increased to $914,619,108.47 from $821,860,486.82, indicating a rise of approximately 11.3%[18] Cash and Equivalents - The company's cash and cash equivalents decreased to RMB 103,644,289.40 from RMB 320,522,125.08, indicating a decline of approximately 67.7%[11] - The cash and cash equivalents at the end of Q1 2022 were approximately ¥27.33 million, down from ¥84.16 million at the end of Q1 2021[24] - The company's cash and cash equivalents at the end of the period were $61,934,672.29, down from $104,261,274.14, indicating a decrease of about 40%[17]

Financial Performance - Revenue for Q3 2021 reached ¥1,535,587,272.37, an increase of 53.97% year-over-year[2] - Net profit attributable to shareholders for Q3 2021 was ¥124,183,040.19, representing a year-over-year increase of 89.44%[2] - Net profit excluding non-recurring gains and losses for Q3 2021 was ¥119,814,409.39, up 146.37% compared to the same period last year[4] - Operating profit for Q3 2021 was ¥394,565,675.59, compared to ¥184,968,780.12 in Q3 2020, indicating an increase of about 113%[18] - Net profit for Q3 2021 was ¥363,968,744.44, up from ¥152,770,037.65 in Q3 2020, reflecting a growth of approximately 138%[18] - Basic earnings per share for Q3 2021 was ¥0.12, a 50.00% increase compared to the same period last year[4] - Basic earnings per share for Q3 2021 were ¥0.36, compared to ¥0.19 in Q3 2020, reflecting an increase of approximately 89.5%[19] - The total comprehensive income for Q3 2021 was ¥363,924,087.73, compared to ¥152,770,037.65 in Q3 2020, showing an increase of about 138%[19] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥5,842,968,824.11, a 16.87% increase from the end of the previous year[4] - The company's current assets totaled approximately ¥3.75 billion, up from ¥2.91 billion in the previous year, indicating a year-over-year increase of approximately 28.9%[13] - The total liabilities amounted to approximately ¥2.84 billion, up from ¥2.34 billion, which is an increase of approximately 21.4%[14] - Total liabilities as of Q3 2021 amounted to ¥2,841,788,425.68, up from ¥2,335,571,100.90 in the previous year, representing an increase of approximately 21.6%[15] - The total assets and equity combined reached ¥5,842,968,824.11 in Q3 2021, up from ¥4,999,755,433.47 in Q3 2020, indicating an increase of approximately 16.9%[15] - The company reported cash and cash equivalents at the end of Q3 2021 amounting to CNY 144,832,778.16, down from CNY 397,096,922.15 in Q3 2020[21] Shareholder Information - Shareholders' equity attributable to the parent company reached ¥3,001,167,037.49, reflecting a 12.65% increase year-over-year[4] - The total number of common shareholders at the end of the reporting period was 35,826[9] - The largest shareholder, Huafeng Group Co., Ltd., holds 55.14% of the shares[9] Cash Flow - The company reported a net cash flow from operating activities of -¥214,789,437.53 for the year-to-date, a decline of 204.58% year-over-year[4] - Cash inflow from operating activities for Q3 2021 was CNY 4,014,929,621.91, up from CNY 2,837,746,876.52 in Q3 2020, representing an increase of approximately 41.4%[20] - The net cash flow for Q3 2021 was CNY 63,295,016.25, compared to CNY 335,553,278.68 in Q3 2020, indicating a decrease of approximately 81.1%[21] - The total cash outflow from operating activities in Q3 2021 was CNY 4,229,719,059.44, compared to CNY 2,632,368,203.50 in Q3 2020, marking an increase of approximately 60.6%[20] Inventory and Expenses - The inventory value as of September 30, 2021, was approximately ¥1.82 billion, compared to ¥1.35 billion at the end of 2020, reflecting a growth of about 35.1%[13] - Research and development expenses for Q3 2021 totaled ¥230,896,506.32, compared to ¥135,072,695.78 in Q3 2020, marking an increase of about 71%[18] - The company paid CNY 252,682,476.27 in employee compensation in Q3 2021, an increase from CNY 174,573,985.32 in Q3 2020, representing a rise of about 44.7%[20] Other Financial Metrics - The significant increase in revenue and profit is attributed to strong demand in the downstream automotive industry and rising aluminum prices[7] - The company reported a decrease in other comprehensive income, with a net amount of -¥44,656.71 for Q3 2021, compared to -¥10,856.30 in Q3 2020[19] - The company reported a capital reserve of CNY 819,842,123.83 and undistributed profits of CNY 699,785,829.65[25]

Financial Performance - The company achieved operating revenue of CNY 3,108,103,340.10, an increase of 82.72% compared to the same period last year[19]. - The net profit attributable to shareholders reached CNY 239,815,143.10, representing a growth of 177.13% year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 230,643,875.13, up 200.02% from the previous year[20]. - Basic earnings per share for the first half of the year increased by 100% to CNY 0.24 compared to CNY 0.12 in the same period last year[22]. - Diluted earnings per share also rose by 100% to CNY 0.24 from CNY 0.12 year-on-year[22]. - The weighted average return on equity increased by 3.11 percentage points to 8.65% from 5.54% in the previous year[22]. - The company reported a total non-recurring gains of CNY 9,171,267.97, with a significant portion attributed to government subsidies[23]. - The company reported a total profit for the first half of 2021 of CNY 284.44 million, compared to CNY 105.92 million in the same period of 2020, marking an increase of 168.5%[173]. - The total comprehensive income for the first half of 2021 was CNY 237.49 million, compared to CNY 86.53 million in the same period of 2020, reflecting a growth of 174.5%[174]. Cash Flow and Assets - The net cash flow from operating activities decreased by 105.05%, primarily due to significant increases in aluminum prices and procurement costs[20]. - Cash and cash equivalents at the end of the period reached ¥199,811,552.97, an increase of 74.25% compared to ¥114,671,682.81 at the end of the previous year, primarily due to increased business volume and concentrated collection of receivables[55]. - The company's total assets as of June 30, 2021, were ¥5,529,586,137.44, an increase from ¥4,999,755,433.47 at the end of 2020, reflecting a growth of approximately 10.6%[164]. - The company's current assets reached ¥3,435,005,488.90, up from ¥2,908,077,826.20, indicating a growth of about 18.1%[164]. - The company's total liabilities were reported at ¥2,659,248,939.40, up from ¥2,335,571,100.90, indicating a growth of around 13.9%[165]. Market and Industry Trends - The strong performance was driven by robust demand in the downstream automotive industry[20]. - Global aluminum production and demand are steadily increasing, particularly driven by the application of aluminum in traditional and new energy vehicles, with a significant growth opportunity in the new energy vehicle sector[32]. - The aluminum processing industry showed a recovery with a 7.8% year-on-year growth in the first half of 2021, driven by improved economic conditions post-COVID-19[30]. - In the first five months of 2021, new energy vehicle production and sales exceeded 900,000 units, achieving a year-on-year growth of 220%[32]. Research and Development - The company has a strong R&D capability with 47 authorized patents, including 17 invention patents, and plans to continue increasing R&D investment to enhance its competitive advantage[41]. - R&D expenses increased by 100.05% to CNY 167,293,259.41, indicating a strong focus on new product development[51]. - The company has launched several new materials and alloys, including high-strength water tank pipe materials, which have passed validation and entered small-scale production[47]. Environmental Responsibility - The company is addressing the challenges of carbon neutrality by focusing on energy conservation and emission reduction in the aluminum processing industry[34]. - The company has implemented measures to reduce carbon emissions, including establishing an energy management team and optimizing energy-saving equipment[82]. - The company actively uses clean energy and high-efficiency processes to minimize pollutant emissions[81]. Shareholder Commitments and Governance - The controlling shareholder, Huafeng Group, and actual controller, You Xiaoping, committed to not transferring or entrusting their shares for 36 months post-listing, with a price not lower than the issuance price for any reduction thereafter[87]. - The company has established strict conditions under which shareholders holding over 5% of shares cannot reduce their holdings during specific legal investigations or penalties[93]. - The company commits to compensating investors for losses caused by false statements in the prospectus, with a response time of 3 working days after regulatory recognition of such issues[111]. Profit Distribution Policy - The company aims for a stable profit distribution policy, prioritizing reasonable returns to investors while ensuring sustainable development[133]. - The company plans to distribute at least 15% of the annual distributable profits as cash dividends, contingent on meeting specific conditions[134]. - The board will propose annual profit distribution plans based on profitability and funding needs, requiring independent directors' opinions[135].

Financial Performance - Operating revenue for the period reached CNY 1,454,249,884.05, a significant increase of 70.54% year-on-year[4] - Net profit attributable to shareholders was CNY 102,013,735.05, representing a 170.38% increase compared to the same period last year[4] - Basic earnings per share doubled to CNY 0.10, up 100% from CNY 0.05 in the same period last year[4] - The company reported a significant increase in prepayments, which rose by 232.51% to ¥197,914,202.46 from ¥59,520,416.87[11] - The company experienced a 441.31% increase in taxes and surcharges, amounting to ¥2,991,002.79 compared to ¥552,548.73 in the previous year[13] - Investment income surged by 897.71% to ¥1,054,617.05 from ¥105,704.18 year-on-year[13] - Total operating revenue for Q1 2021 reached ¥1,454,249,884.05, a significant increase of 70.6% compared to ¥852,727,064.59 in Q1 2020[23] - Net profit for Q1 2021 was ¥101,998,869.05, compared to ¥37,729,785.93 in Q1 2020, representing a growth of 170.5%[24] - Earnings per share for Q1 2021 were ¥0.10, doubling from ¥0.05 in Q1 2020[25] Assets and Liabilities - Total assets increased by 8.79% to CNY 5,439,080,626.08 compared to the end of the previous year[4] - Total current assets increased to ¥3,416,454,206.84 as of March 31, 2021, up from ¥2,908,077,826.20 on December 31, 2020, representing a growth of approximately 17.4%[18] - Total assets reached ¥5,439,080,626.08, up from ¥4,999,755,433.47, indicating an increase of around 8.8%[19] - Total liabilities increased to ¥2,668,015,637.06 from ¥2,335,571,100.90, which is an increase of approximately 14.2%[19] - The company reported a short-term loan of ¥1,849,231,506.90, which is an increase from ¥1,614,207,062.46, representing a growth of about 14.6%[19] - Total liabilities rose to ¥2,173,028,804.63 in Q1 2021, compared to ¥1,865,509,624.91 in Q1 2020, an increase of 16.5%[22] Cash Flow - Net cash flow from operating activities was negative at CNY -196,316,574.49, a decrease of 213.92% compared to the previous year[4] - The company’s cash flow from financing activities was ¥247,829,337.52, a significant improvement compared to -¥79,305,786.28 in the previous year[14] - The cash inflow from operating activities totaled RMB 1,062,924,547.66 in Q1 2021, down from RMB 1,180,225,327.37 in Q1 2020[31] - The net cash flow from operating activities for Q1 2021 was -184,348,014.68 RMB, a decrease from 345,395,018.34 RMB in Q1 2020[32] - The company reported a net cash flow from investing activities of -18,739,244.01 RMB, an improvement from -51,751,874.92 RMB in Q1 2020[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,610[7] - The largest shareholder, Huafeng Group Co., Ltd., holds 55.14% of the shares[7] Research and Development - Research and development expenses increased by 48.16% to ¥67,740,877.04 from ¥45,721,519.29, indicating a focus on new product development[13] - Research and development expenses for Q1 2021 were ¥67,740,877.04, an increase of 48.1% from ¥45,721,519.29 in Q1 2020[23]

Financial Performance - The company's operating revenue for 2020 was CNY 4,066,889,853.78, representing a 13.27% increase compared to CNY 3,590,436,563.59 in 2019[13]. - The net profit attributable to shareholders of the listed company was CNY 249,471,578.48, a 35.93% increase from CNY 183,527,991.85 in the previous year[13]. - The net profit after deducting non-recurring gains and losses was CNY 229,499,353.89, up 42.82% from CNY 160,686,126.63 in 2019[13]. - Basic earnings per share for 2020 were CNY 0.31, a 24.00% increase from CNY 0.25 in 2019[14]. - The weighted average return on net assets was 13.35%, an increase of 0.40 percentage points from 12.95% in 2019[14]. - The company reported a net cash flow from operating activities of CNY -26,166,976.21, a significant decrease of 117.66% compared to CNY 148,136,538.31 in 2019[13]. - The company achieved a significant increase in stamping parts sales volume, with a year-on-year growth of 120.71%[44]. - The company reported a significant reduction in sales expenses by 70.65%, while R&D expenses increased by 30.56% to RMB 200,206.39 million[38]. Assets and Liabilities - The company's total assets at the end of 2020 were CNY 4,999,755,433.47, an 11.79% increase from CNY 4,472,617,010.53 at the end of 2019[13]. - The net assets attributable to shareholders of the listed company increased by 75.72% to CNY 2,664,137,513.68 from CNY 1,516,143,906.65 in 2019[13]. - The total amount of raw materials cost in the aluminum industry was 2,547,105,941.69 yuan, accounting for 83.27% of total costs[46]. - The company's cash and cash equivalents at the end of the period amounted to 114,671,682.81 RMB, representing 2.29% of total assets, an increase of 41.94% from the previous period[55]. Dividend Policy - The company's cash dividend distribution plan proposes a cash dividend of CNY 0.38 per 10 shares, totaling CNY 37,944,162.80 based on the total share capital of 998,530,600 shares[3]. - The net profit attributable to shareholders for the year 2020 was ¥249,471,578.48, with a proposed cash dividend of ¥37,944,162.80, representing only 15.21% of the net profit[78]. - The cash dividend proposed is below the 30% threshold recommended by the Shanghai Stock Exchange for cash dividends relative to net profit due to the industry's capital-intensive nature and the impact of the pandemic[76]. Market and Industry Insights - The company primarily engages in the R&D, production, and sales of aluminum plates and foils, with applications in automotive and HVAC systems[19]. - The aluminum rolling materials industry is expected to benefit from the government's energy-saving policies, promoting increased use of aluminum in vehicles[25]. - In 2020, China's aluminum plate, strip, and foil production reached 16 million tons, with 11.85 million tons of aluminum plate and 4.15 million tons of aluminum foil, showing slight growth compared to 2019[24]. - The aluminum plate and strip industry in China is expected to grow significantly, with a compound annual growth rate of 9.09% from 2010 to 2018, driven by increasing applications in various sectors[64]. Research and Development - The company has a total of 39 authorized patents, including 16 invention patents and 23 utility model patents, indicating strong technological capabilities[31]. - The company has established a joint laboratory with Shanghai Jiao Tong University to enhance its research and development capabilities in aluminum alloy materials[30]. - The company plans to optimize its R&D system and focus on developing lightweight, high-strength, corrosion-resistant aluminum alloy thermal transmission materials and green materials[68]. Corporate Governance and Compliance - The independent directors have approved the profit distribution proposal, which will be submitted for shareholder approval[77]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4]. - The company has no major litigation or arbitration matters reported for the year[143]. - The company has not disclosed any significant related party transactions during the reporting period[144]. Shareholder Structure and Management - The largest shareholder, Huafeng Group Co., Ltd., holds 55.14% of the shares, totaling 550.6 million shares[173]. - The company has a total of 748.9 million restricted shares, which will be released on September 7, 2023[170]. - The total remuneration paid to all directors, supervisors, and senior management at the end of the reporting period amounted to 13.12 million yuan[196]. - The company employed a total of 1,762 staff, with 851 in the parent company and 911 in major subsidiaries[197]. Future Plans and Expansion - The company plans to expand its production capacity with a new project in Chongqing, targeting an annual output of 200,000 tons of aluminum plate and foil[31]. - The company aims to strengthen its position in high-end markets by focusing on high-end products like automotive battery shell foil and high-speed rail honeycomb panels, targeting new profit growth points[67]. - The company is currently in an expansion phase with a project aimed at producing 200,000 tons of aluminum sheets and foils annually, which requires significant funding[76].

Financial Performance - Net profit attributable to shareholders rose by 44.48% to CNY 152,770,037.65 year-on-year[5] - Operating income for the first nine months increased by 8.58% to CNY 2,698,359,865.89 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses increased by 40.68% to CNY 126,191,980.98 compared to the same period last year[5] - Basic and diluted earnings per share rose by 35.71% to CNY 0.19[6] - The net profit for Q3 2020 was ¥65.55 million, compared to ¥33.88 million in Q3 2019, representing a 93.5% increase[23] - The total profit for Q3 2020 was CNY 56,326,400.20, compared to CNY 17,446,059.52 in Q3 2019, representing a growth of 223.5%[27] - The total comprehensive income for Q3 2020 was CNY 46,676,010.08, compared to CNY 15,107,966.73 in Q3 2019, reflecting a growth of 208.5%[29] Assets and Liabilities - Total assets increased by 18.78% to CNY 5,312,601,896.98 compared to the end of the previous year[5] - Current liabilities totaled approximately 1.97 billion, down from 2.38 billion at the end of 2019, indicating a reduction of about 17.5%[20] - The total liabilities decreased to approximately 2.75 billion from 2.96 billion, a reduction of about 7.1%[20] - The total assets as of the end of Q3 2020 amounted to ¥4,472,617,010.53, with current assets totaling ¥2,377,955,276.82[34] - Total liabilities amounted to approximately ¥2,956,473,103.88, with total equity at ¥1,516,143,906.65, resulting in total assets of ¥4,472,617,010.53[36] Cash Flow - Net cash flow from operating activities surged by 154.25% to CNY 205,378,673.02 year-on-year[5] - The net cash flow from operating activities for Q3 2020 was CNY 205,378,673.02, compared to CNY 80,779,041.25 in Q3 2019, showing an increase of 154.1%[31] - The company reported a significant increase in cash inflow from operating activities, totaling CNY 2,837,746,876.52 for the first three quarters of 2020, compared to CNY 2,759,846,953.86 in the same period of 2019, reflecting a growth of 2.8%[30] - Total cash inflow from financing activities reached ¥2,766,779,543.57, up from ¥2,493,500,000.00 in the same period last year[33] Shareholder Information - The total number of shareholders reached 78,312 by the end of the reporting period[9] - The largest shareholder, Huafeng Group, holds 55.14% of the shares[9] Investment and Expenses - Research and development expenses increased by 40.94% to ¥135,072,695.78 from ¥95,839,295.45, primarily due to new subsidiaries[14] - Research and development expenses for Q3 2020 totaled ¥51.45 million, a 46% increase from ¥35.25 million in Q3 2019[22] - The company experienced a significant increase in tax and additional fees, which rose to ¥2.79 million in Q3 2020 from ¥0.59 million in Q3 2019[22] - The financial expenses for Q3 2020 were CNY 24,215,134.14, compared to CNY 16,639,997.86 in Q3 2019, an increase of 45.5%[27] Capital and Reserves - The company's capital reserve increased by 344.87% to ¥819,842,123.83 from ¥184,289,172.00 due to new share issuance[13] - The company's retained earnings increased to approximately 620.67 million from 467.90 million, an increase of about 32.5%[21] - The capital reserve increased significantly to approximately 819.84 million from 184.29 million, marking an increase of about 345.5%[21]