证券代码：603032 证券简称：德新科技 公告编号：2023-016 德力西新能源科技股份有限公司 关于召开 2022 年度暨 2023 年第一季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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 04 月 28 日(星期五)下午 14:00-15:00 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 21 日(星期五)至 04 月 27 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 dxjy603032@163.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。 德力西新能源科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 11 日发布公司 2022 年度报告，并计划于 2023 年 4 月 21 日发布公司 2023 年第一季 度报告。为便于广大投资 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥167,836,977.38, representing an increase of 81.07% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥54,002,570.58, reflecting a growth of 28.96% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥53,140,108.12, up 43.62% from the previous year[4]. - Basic earnings per share for the period were ¥0.34, an increase of 28.96% compared to the same period last year[4]. - In the first three quarters of 2022, the company achieved total operating revenue of CNY 442.77 million, a year-on-year increase of 159.70%[13]. - The net profit attributable to shareholders of the listed company for the same period was CNY 141.77 million, representing a year-on-year growth of 117.97%[13]. - Total revenue for the first three quarters of 2022 reached CNY 442,770,267.48, a significant increase from CNY 170,492,874.08 in the same period of 2021, representing a growth of approximately 159.5%[19]. - Net profit for the first three quarters of 2022 was CNY 141,379,069.24, compared to CNY 64,972,520.90 in 2021, reflecting a growth of approximately 117.5%[21]. - The total comprehensive income attributable to the parent company for Q3 2022 was ¥141,774,825.76, compared to ¥65,044,061.62 in Q3 2021, representing an increase of approximately 118%[22]. - Basic earnings per share for Q3 2022 were ¥0.89, up from ¥0.41 in Q3 2021, indicating a growth of 117%[22]. Assets and Equity - Total assets at the end of the reporting period reached ¥1,793,102,524.73, a 26.59% increase from the end of the previous year[5]. - Shareholders' equity attributable to the parent company was ¥968,335,662.89, up 25.92% from the previous year-end[5]. - The company's total assets increased to CNY 1,793,102,524.73 in Q3 2022, up from CNY 1,416,513,692.96 in Q3 2021, marking a growth of about 26.6%[18]. - The total equity attributable to shareholders increased to CNY 968,335,662.89 in Q3 2022, compared to CNY 768,993,519.19 in Q3 2021, reflecting a growth of approximately 26%[18]. Cash Flow - Net cash flow from operating activities for the first three quarters of 2022 was ¥40,353,180.78, compared to ¥33,667,448.16 in the same period of 2021, reflecting an increase of about 20%[24]. - Cash inflow from operating activities totaled ¥280,102,627.58 for the first three quarters of 2022, compared to ¥179,247,728.74 in 2021, marking a growth of approximately 56%[23]. - Cash outflow from operating activities was ¥239,749,446.80 for the first three quarters of 2022, compared to ¥145,580,280.58 in 2021, which is an increase of around 65%[24]. - The net cash flow from investing activities for the first three quarters of 2022 was -¥326,428,163.40, a significant decrease from ¥9,649,189.61 in the same period of 2021[24]. - Total cash and cash equivalents at the end of Q3 2022 were ¥61,116,095.74, down from ¥199,509,722.55 at the end of Q3 2021, indicating a decline of approximately 69%[24]. - Cash inflow from financing activities for the first three quarters of 2022 was ¥272,278,500.00, compared to ¥82,829,000.00 in 2021, representing an increase of about 228%[24]. - The company reported a cash outflow of ¥4,170,631.12 for financing activities in Q3 2022, with no outflow reported in the same period of 2021[24]. Business Segments - The lithium battery cutting mold business segment generated a revenue of CNY 406.49 million, up 82.35% year-on-year, with a net profit of CNY 179.11 million, reflecting a 60.18% increase[13]. - The road transportation business segment reported a revenue of CNY 23.39 million, a decrease of 14.66% year-on-year, primarily due to the impact of the ongoing pandemic[15]. - The company reported a significant increase in revenue due to the rapid development of the new energy industry and the inclusion of macro precision in the consolidated scope following last year's acquisition[8]. Shareholder Information - The company has a total of 9,446 common shareholders at the end of the reporting period[10]. - The largest shareholder, Delixi Xinjiang Investment Group Co., Ltd., holds 47.5% of the shares, with 38,870,000 shares pledged[10]. Research and Development - Research and development expenses for the first three quarters of 2022 amounted to CNY 25,025,495.33, significantly higher than CNY 5,096,592.63 in 2021, indicating a focus on innovation and product development[20]. - The company successfully developed several high-precision extrusion coating heads, enhancing its competitiveness in the lithium battery industry[15]. Liabilities - Non-current liabilities totaled CNY 353,469,247.24 in Q3 2022, compared to CNY 287,628,182.77 in Q3 2021, representing an increase of approximately 23%[18]. - The company reported a significant increase in accounts payable, which decreased from CNY 64,162,863.05 in Q3 2021 to CNY 53,651,971.31 in Q3 2022, showing improved cash management[20]. - Deferred income tax assets rose to CNY 22,525,063.41 in Q3 2022, up from CNY 18,525,304.43 in Q3 2021, indicating potential future tax benefits[18]. Corporate Changes - The company completed the registration of the 2021 restricted stock incentive plan on September 8, 2022, and changed its name to Delixi New Energy Technology Co., Ltd. on September 29, 2022[13].

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, with total revenue reaching RMB 500 million, representing a 20% year-over-year growth[11]. - The company's operating revenue for the first half of the year reached ¥274,933,290.10, a significant increase of 253.39% compared to the same period last year[17]. - Net profit attributable to shareholders was ¥87,772,255.18, reflecting a growth of 278.86% year-over-year[17]. - The basic earnings per share rose to ¥0.55, marking an increase of 292.86% compared to the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥85,041,917.87, a remarkable increase of 501.67% year-over-year[17]. - The company achieved operating revenue of CNY 274,933,290.10, representing a year-on-year increase of 253.39%[55]. - Net profit for the period was CNY 87,146,963.78, with net profit attributable to shareholders amounting to CNY 87,772,255.18[55]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2022, representing a year-on-year growth of 20%[90]. - The company reported a total revenue of 895,733,964, reflecting a growth of 30% compared to the same period last year[142]. User Engagement - User data indicates a rise in active users, with the number of users increasing by 15% compared to the same period last year, totaling 1.2 million active users[11]. - User data showed an increase in active users, reaching 2 million, which is a 20% increase compared to the previous year[87]. - User data indicates a growth in active users, with a 15% increase compared to the previous year, reaching 2 million active users[96]. Market Expansion - The company plans to expand its market presence by entering two new provinces, aiming to increase market share by 10% in these regions by the end of 2022[11]. - The company plans to expand its market presence by entering three new provinces, which is anticipated to increase market share by 10%[93]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 500 million CNY allocated for potential mergers and acquisitions[87]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's service capabilities and customer base by 20%[91]. Research and Development - New product development initiatives are underway, with an investment of RMB 50 million allocated for research and development of advanced transportation technologies[11]. - The company is investing heavily in R&D, with an allocation of 200 million CNY for new technology development in 2022[87]. - R&D expenses surged by 612.33% to CNY 16,317,657.43, reflecting increased investment in product development[58]. - The company’s R&D projects are primarily self-initiated, focusing on new product designs and new technology development in response to customer needs[33]. Financial Integrity and Risks - There are no significant risks reported that could impact the company's financial performance in the near term, ensuring a stable operational environment[11]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties, maintaining financial integrity[11]. - The proportion of accounts receivable to total assets is relatively high, posing a risk of bad debts if significant adverse factors arise, which could negatively impact the company's financial performance[67]. - The company aims to establish a multi-dimensional risk warning system for accounts receivable management to mitigate potential financial risks[67]. Operational Efficiency - The gross profit margin improved to 35%, up from 32% in the previous year, indicating better cost management[87]. - The company aims to reduce operational costs by 8% through efficiency improvements in the supply chain[87]. - The company has committed to reducing operational costs by 15% through process optimization and technology integration[90]. - The company is focusing on technological advancements to improve service delivery and customer satisfaction[138]. Compliance and Governance - The management team emphasized the importance of regulatory compliance, stating that there have been no significant legal issues or penalties in the past three years[94]. - The company has committed to providing accurate and complete information for transactions, ensuring accountability for any misleading statements or omissions[85]. - The company has implemented effective environmental protection measures, ensuring compliance with relevant laws and regulations, with all pollutants meeting discharge standards[82]. Strategic Partnerships - The company has established stable partnerships with leading clients in various battery sectors, including CATL and BYD, enhancing business opportunities and performance stability[51]. - A new strategic partnership has been established with a leading technology firm to develop smart transportation solutions, expected to launch by Q4 2022[94]. Financial Management - The company has implemented new strategies to enhance shareholder returns, including a proposed dividend payout ratio of 30% of net profits for 2022[96]. - The company has committed to maintaining a debt-to-equity ratio below 1.5, ensuring financial stability and investor confidence[96]. - The company has approved several key resolutions in its shareholder meetings, including the use of self-owned funds for purchasing financial products and securing loans through equity pledges[77].

Financial Performance - The net profit attributable to shareholders for the year 2021 was CNY 70.721 million, with a cumulative distributable profit of CNY 412.5064 million[5]. - The parent company reported a net profit of CNY -2.8483 million for 2021, with a cumulative distributable profit of CNY 341.1383 million[5]. - The company's operating revenue for 2021 was CNY 271,278,260.72, representing a 427.43% increase compared to CNY 51,433,972.00 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 70,720,991.94, a significant recovery from a loss of CNY 8,617,234.15 in 2020[23]. - The net cash flow from operating activities for 2021 was CNY 60,203,013.08, compared to a negative cash flow of CNY 10,704,281.64 in 2020[23]. - The total assets at the end of 2021 were CNY 1,416,513,692.96, a 76.23% increase from CNY 803,792,016.83 at the end of 2020[23]. - The company's net assets attributable to shareholders increased by 14.19% to CNY 768,993,519.19 at the end of 2021[23]. - Basic earnings per share for 2021 were CNY 0.44, recovering from a loss of CNY 0.05 per share in 2020[24]. - The weighted average return on equity for 2021 was 9.85%, an increase of 11.12 percentage points from -1.27% in 2020[25]. - The company reported a quarterly revenue of CNY 100,785,386.64 in Q4 2021, showing a strong upward trend throughout the year[26]. Dividend Policy - The company decided not to distribute cash dividends or bonus shares for 2021 due to significant funding needs for accelerated expansion following acquisitions[5]. - The cash dividend policy stipulates that for mature companies without major capital expenditure, at least 80% of profits should be distributed as cash dividends[147]. - The company plans to distribute at least 20% of the distributable profit to shareholders in cash annually from 2020 to 2022[146]. - The company has a complete decision-making process for profit distribution, ensuring the protection of minority shareholders' rights[150]. - The company maintains a clear and transparent dividend standard and ratio as per its articles of association[150]. Acquisitions and Expansion - The company completed the acquisition of Dongguan Zhihong Precision Mould Co., Ltd. for 650 million yuan, enhancing its position in the lithium battery equipment sector[35]. - The company plans to use undistributed profits for future payments related to acquisitions, specifically the third and fourth phase payments for the acquisition of Zhihong Precision[151]. - The company has established a wholly-owned subsidiary to streamline management structure and enhance operational efficiency, focusing on the precision mold manufacturing industry[41]. - The company aims to enhance its R&D capabilities and maintain a leading position in high-precision lithium battery cutting molds, focusing on high-end customer needs[102]. - The company plans to expand its market presence by entering three new provinces, aiming to increase market share by 10% in the next year[122]. Operational Efficiency - The company has accelerated capacity deployment and improved material utilization, leading to enhanced economies of scale and overall operational performance[38]. - The company achieved a transportation turnover of 17.11 million ton-kilometers, an increase of 67.31% year-on-year[52]. - The company has established a comprehensive after-sales service system with over ten service points across various locations, enhancing customer response efficiency[58]. - The company is focusing on R&D to extend new products and business lines, improving profitability and operational efficiency[38]. - The company has implemented measures to avoid and regulate related party transactions, ensuring fairness and transparency in pricing[179]. Market Trends and Industry Insights - The lithium-ion battery equipment industry is experiencing significant growth, driven by the increasing demand for electric vehicles and advancements in technology, with domestic companies gaining competitive advantages[45][46]. - The company highlighted the rapid growth of the energy storage lithium-ion battery market, driven by national policies and the push for clean energy[93]. - The demand for consumer lithium-ion batteries is expected to grow by 64% in China from 2018 to 2023, reaching 51.5 GWh[97]. - The lithium-ion battery technology is expected to remain the mainstream technology in the market for the next 3-5 years, with ongoing cost reduction opportunities across the industry chain[110]. - The company is adapting to market challenges by focusing on short to medium-distance transportation services[47]. Governance and Compliance - The company has established a sound corporate governance structure and internal control system, ensuring compliance with relevant laws and regulations[115]. - The company has implemented measures to enhance information disclosure and transparency, protecting shareholders' rights[117]. - The company has not encountered significant discrepancies with regulatory requirements regarding corporate governance[117]. - The company is committed to transparency in its governance practices, ensuring that remuneration policies are approved by the shareholders[129]. - The company has maintained a stable leadership structure, with key positions filled by experienced professionals in the industry[130]. Research and Development - The total R&D investment for the period was 15,350,851.34 yuan, representing 5.66% of the company's operating revenue[75]. - The company has invested 50 million CNY in research and development for new transportation technologies, aiming for a 15% improvement in delivery times[121]. - New product development initiatives are underway, with an investment of 100 million CNY allocated for R&D in innovative transportation solutions[122]. - The company is investing in new technology development, allocating 100 million CNY towards R&D initiatives aimed at improving operational efficiency[175]. - The company aims to enhance customer satisfaction, targeting a 90% satisfaction rate through improved service delivery[122]. Risk Management - The company faces management risks due to rapid business expansion, requiring improvements in operational management and talent development[111]. - The company will strengthen its receivables management to mitigate the risk of bad debts, which could adversely affect its financial performance[109]. - The company has committed to improving its human resources system and establishing long-term incentive mechanisms to attract and retain talent[107]. - The company has outlined a process for negotiating resolutions in case of potential competition with its subsidiaries[171]. - The company will ensure compliance with legal and regulatory requirements in all transactions and operations[171].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 134,869,870.84, representing a significant increase of 1,077.88% compared to the same period last year[3] - The net profit attributable to shareholders of the listed company reached CNY 51,861,328.60, marking an increase of 1,738.75% year-on-year[3] - The basic earnings per share for the period was CNY 0.3241, reflecting a substantial increase due to the merger with Zhihong Precision[3] - The total operating revenue for Q1 2022 reached ¥134,869,870.84, a significant increase from ¥11,450,187.69 in Q1 2021[22] - Net profit for Q1 2022 was ¥51,695,756.95, up from ¥2,788,195.53 in Q1 2021, reflecting strong growth in profitability[23] - The net profit attributable to the parent company for Q1 2022 was ¥51,861,328.60, a significant increase from ¥2,820,467.06 in Q1 2021, representing a growth of approximately 1,738%[24] - The total comprehensive income for Q1 2022 was ¥51,695,756.95, significantly higher than ¥2,788,195.53 in Q1 2021, indicating a growth of about 1,757%[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,504,096,005.94, an increase of 6.18% from the end of the previous year[3] - The equity attributable to shareholders of the listed company was CNY 839,269,855.79, up 9.14% compared to the end of last year[3] - The company's total assets increased to ¥1,504,096,005.94 as of March 31, 2022, compared to ¥1,416,513,692.96 at the end of 2021[20] - Current liabilities rose to ¥377,660,023.42 from ¥359,702,811.89, indicating an increase in short-term financial obligations[20] - The company's total liabilities amounted to ¥664,802,542.69, compared to ¥647,330,994.66 at the end of 2021, showing a growth in overall debt[20] - The equity attributable to shareholders increased to ¥839,269,855.79 as of March 31, 2022, from ¥768,993,519.19 at the end of 2021[20] Cash Flow - The net cash flow from operating activities was CNY 2,405,616.57, attributed to improved sales performance and increased cash receipts[6] - The net cash flow from operating activities for Q1 2022 was ¥2,405,616.57, compared to a net outflow of ¥8,417,479.07 in Q1 2021, indicating a turnaround in cash flow performance[28] - Total cash inflow from operating activities reached ¥81,993,444.55 in Q1 2022, up from ¥16,857,014.88 in the same period last year, marking an increase of about 386%[28] - The company reported cash and cash equivalents at the end of Q1 2022 amounting to ¥88,767,377.84, a decrease from ¥375,315,472.25 at the end of Q1 2021[29] - The net cash flow from investing activities for Q1 2022 was ¥7,278,551.79, a decline from ¥310,368,866.54 in Q1 2021, reflecting a decrease of approximately 97.66%[29] - The total cash outflow from investing activities in Q1 2022 was ¥91,955,426.66, compared to ¥22,075,293.00 in Q1 2021, indicating a significant increase in investment expenditures[29] Business Segments - The lithium battery cutting mold business segment generated revenue of CNY 122.32 million, up 67.46% year-on-year[11] - The net profit for the lithium battery segment was CNY 62.02 million, with a year-on-year growth of 58.82%[11] - The domestic power battery market saw significant expansion, driven by the rapid growth of the new energy vehicle market[11] - In Q1 2022, the retail sales of new energy vehicles in China reached 282,686 units, with BYD leading the market[12] - The road transportation segment reported revenue of CNY 7.85 million, a year-on-year increase of 9.12% despite challenges from COVID-19[14] Operational Changes - The company has initiated the process to deregister certain subsidiaries to streamline operations[14] - The company successfully developed high-precision extrusion coating heads, enhancing its competitiveness in the lithium battery industry[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,531[8]

Financial Performance - The company's operating revenue for Q3 2021 was ¥92,694,275.30, representing a year-on-year increase of 1,215.19%[4] - The net profit attributable to shareholders for the same period was ¥41,876,404.57, with a year-to-date increase of 8,292.29% to ¥65,044,061.62[4] - Basic earnings per share for Q3 2021 were ¥0.2617, with a year-to-date increase of 8,292.29% to ¥0.4065[5] - Total operating revenue for the first three quarters of 2021 reached ¥170,492,874.08, a significant increase from ¥34,393,668.86 in the same period of 2020, representing a growth of approximately 394%[18] - Net profit for the first three quarters of 2021 was ¥64,972,520.90, a substantial rise from ¥688,700.38 in the previous year, reflecting an increase of approximately 9,329%[19] - The company reported a basic and diluted earnings per share of ¥0.4065 for the first three quarters of 2021, up from ¥0.0048 in 2020[20] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,342,233,735.93, reflecting a year-on-year increase of 66.99%[5] - As of September 30, 2021, total assets reached CNY 1,342,233,735.93, a significant increase from CNY 803,792,016.83 at the end of 2020, reflecting a growth of approximately 67%[14] - Current assets totaled CNY 462,089,314.37, up from CNY 411,558,349.10, indicating an increase of about 12.3%[15] - Total liabilities increased to CNY 603,614,311.40 from CNY 130,132,881.81, marking a rise of about 364%[16] - The company's equity increased to CNY 738,619,424.53, up from CNY 673,659,135.02, reflecting a growth of approximately 9.6%[16] - The company's total liabilities and shareholders' equity increased from ¥803,792,016.83 in 2020 to ¥1,342,233,735.93 in 2021, indicating robust growth in financial leverage[19] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥33,667,448.16[4] - The net cash flow from operating activities for the first three quarters of 2021 was ¥33,667,448.16, compared to a negative cash flow of ¥13,692,125.92 in the same period of 2020[23] - The company generated cash inflows from operating activities totaling ¥179,247,728.74, compared to ¥43,804,495.57 in the previous year, marking a significant increase[23] - Investment activities generated a net cash flow of ¥9,649,189.61 in the first three quarters of 2021, down from ¥17,524,976.80 in 2020[23] - Net cash flow from financing activities amounted to $82,829,000[24] - The net increase in cash and cash equivalents was $126,145,637.77[24] - The ending balance of cash and cash equivalents reached $199,509,722.55[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,177[11] Non-Recurring Items - Non-recurring gains and losses for Q3 2021 included government subsidies amounting to ¥4,837,609.55[7] Strategic Initiatives - The company has a strong focus on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[14] - The company is actively pursuing strategic initiatives, including potential mergers and acquisitions, to enhance its competitive position in the market[14] Inventory and Receivables - The accounts receivable rose to CNY 110,124,813.48 from CNY 5,430,934.17, showing a substantial increase of around 1935%[15] - Inventory levels increased to CNY 70,888,296.93 from CNY 706,856.49, indicating a growth of approximately 9995%[15] - The company reported a significant increase in other payables, which rose to CNY 249,233,522.38 from CNY 30,501,237.12, reflecting an increase of about 717%[16] Financial Reporting - The company did not report any audited financial statements for this quarter[3] - The total assets and shareholders' equity as of the end of the reporting period were ¥1,342,233,735.93 and ¥738,619,424.53, respectively, showing a strong financial position[19]

Financial Performance - Basic earnings per share increased to 0.14 yuan, a 600% increase compared to 0.02 yuan in the same period last year[19] - Diluted earnings per share also rose to 0.14 yuan, reflecting a 600% increase year-on-year[19] - The weighted average return on net assets improved to 3.38%, an increase of 3.01 percentage points from 0.37% in the previous year[19] - The weighted average return on net assets, excluding non-recurring gains and losses, increased to 2.06%, up by 3.71 percentage points from -1.65%[19] - The company reported a significant turnaround in performance, with a basic earnings per share of 0.09 yuan after excluding non-recurring gains and losses, compared to a loss of 0.07 yuan in the same period last year[19] - The company's operating revenue for the first half of the year reached ¥77,798,598.78, a significant increase of 184.50% compared to ¥27,345,674.22 in the same period last year[21] - Net profit attributable to shareholders was ¥23,167,657.05, up 816.78% from ¥2,527,075.30 year-on-year[21] - The net cash flow from operating activities was ¥21,603,220.00, a recovery from a negative cash flow of -¥9,462,666.49 in the previous year[21] - Total assets increased by 52.46% to ¥1,225,462,801.73 from ¥803,792,016.83 at the end of the previous year[21] Acquisition and Integration - The acquisition of Zhihong Precision was completed for a total consideration of RMB 650 million, with the company now fully integrating its operations[40] - The company has shifted its main business focus to include both road transportation and lithium battery cutting molds following the acquisition[43] - The company developed 13 new customers for Zhihong Precision, indicating a growing client base and stable partnerships[39] - The company has completed the acquisition of 100% equity in Dongguan Zhihong Precision Mould Co., Ltd. for a total consideration of 650 million yuan during the reporting period[49] - The company is facing challenges in the road transport sector due to increased competition from rail and air transport, necessitating a strategic shift towards short-distance transport[27] Operational Efficiency and Strategy - The company is focusing on the lithium battery cutting mold business, with a market size estimated at ¥1.5-2 billion, expected to grow with downstream customer expansion plans[28] - The company is leveraging the "Belt and Road" initiative to expand its international road transport capabilities, enhancing business opportunities[32] - The company has a well-established safety production system, achieving first-level safety production standards[33] - The company is actively participating in the development of new products and technologies in collaboration with its core clients, aligning with industry trends[35] - The company has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in costs over the next year[89] Risks and Challenges - The company has outlined potential industry risks in the report, advising investors to be cautious[6] - The company faces risks from market competition and economic policy changes, particularly in the road transport and lithium battery sectors[53] - Safety accident risks are inherent in the road transport industry, impacting operational performance[54] - There is a risk of post-merger integration challenges following the acquisition of Zhi Hong Precision[55] Shareholder and Financial Commitments - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[63] - The company plans to prioritize cash dividends in profit distribution, with a clear shareholder return plan established every three years[104] - The company guarantees that all information provided for the transaction is true, accurate, and complete, and assumes legal responsibility for any false statements or omissions[73] - The company has committed to ensuring fairness and transparency in any necessary related party transactions[104] Market Expansion and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[147] - Future guidance suggests a positive outlook for revenue growth, supported by ongoing product development initiatives[147] - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[88] Financial Position and Assets - The total assets at the end of the reporting period were 696,721,344, demonstrating robust asset growth[152] - The company’s total liabilities were not explicitly detailed, but the equity position suggests a healthy balance sheet[146] - The company’s retained earnings reached 343,986.63 million RMB, showing a healthy growth trajectory[159] Compliance and Legal Matters - The company has not faced any significant administrative penalties related to business, tax, land, environmental protection, quality supervision, or other legal regulations in the past three years[91] - The company has not reported any significant litigation or arbitration matters during the reporting period[106] - The company has committed to ensuring that all materials provided for the major asset restructuring are authentic, accurate, and complete, with no omissions or misleading information[93]

Financial Performance - Operating revenue for the current period was CNY 11,450,187.69, representing an increase of 22.55% year-on-year[7]. - Net profit attributable to shareholders of the listed company was CNY 2,820,467.06, a significant increase of 630.12% compared to the same period last year[7]. - Basic and diluted earnings per share were both CNY 0.0176, an increase of 633.33% year-on-year[7]. - Total operating revenue for Q1 2021 was CNY 11,450,187.69, an increase of 22.4% compared to CNY 9,343,154.30 in Q1 2020[29]. - Net profit for Q1 2021 was CNY 2,788,195.53, compared to a net loss of CNY 568,204.26 in Q1 2020, marking a significant turnaround[30]. - Earnings per share for Q1 2021 was CNY 0.0176, compared to a loss per share of CNY 0.0033 in the same period last year[30]. - Total comprehensive income for Q1 2021 was CNY 3,207,912.67, a decrease of CNY 137,020.75 compared to the previous year[33]. - Basic and diluted earnings per share for Q1 2021 were CNY 0.0200, down by CNY 0.0008 from Q1 2020[33]. Cash Flow - The net cash flow from operating activities was CNY -8,417,479.07, a decrease of 4.10% compared to the previous year[7]. - Cash inflow from operating activities in Q1 2021 was CNY 16,857,014.88, an increase of 25.5% from CNY 13,379,685.73 in Q1 2020[35]. - Cash outflow from operating activities totaled CNY 25,274,493.95, up from CNY 21,465,607.98 in Q1 2020, resulting in a net cash flow from operating activities of -CNY 8,417,479.07[36]. - Cash inflow from investment activities was CNY 332,444,159.54, while cash outflow was CNY 22,075,293.00, leading to a net cash flow from investment activities of CNY 310,368,866.54[36]. - Cash and cash equivalents increased by CNY 301,951,387.47 in Q1 2021, bringing the ending balance to CNY 375,315,472.25[37]. - The company reported a net cash flow from financing activities of -CNY 375,690.00, indicating a cash outflow[39]. - The parent company's net cash flow from operating activities was -CNY 8,316,910.34, slightly worse than -CNY 7,286,126.04 in the previous year[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 794,841,553.51, a decrease of 1.11% compared to the end of the previous year[7]. - The total liabilities decreased to CNY 121,417,440.94 from CNY 133,010,855.96, a decline of 8.7%[30]. - The company's total liabilities decreased to RMB 118.48 million from RMB 130.13 million at the end of 2020[23]. - The company's non-current assets totaled RMB 387.23 million, a decrease from RMB 392.23 million at the end of 2020[22]. - Accounts payable increased by 34.66% to ¥10,811,784.09 from ¥8,029,247.03 due to higher freight payables[12]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,024[11]. - The largest shareholder, Delixi Xinjiang Investment Group Co., Ltd., held 51.00% of the shares, with 15,000,000 shares pledged[11]. - Shareholders' equity increased to CNY 678,667,992.08 from CNY 675,553,515.32, reflecting a slight growth of 0.3%[30]. Government and Other Income - Government subsidies recognized in the current period amounted to CNY 5,203,345.30, related to the company's normal business operations[10]. - Non-recurring gains and losses totaled CNY 5,617,521.14 after tax adjustments[11]. - The company reported other income of CNY 5,203,345.30, an increase from CNY 4,360,558.63 in the previous year[29]. Acquisitions and Investments - The company approved a major asset acquisition for ¥650 million to acquire 100% equity of Dongguan Zhihong Precision Mould Co., Ltd.[13]. - The company raised ¥193,705,400.00 from issuing 33,340,000 shares at ¥5.81 each, with a net amount of ¥160,699,816.62 after fees[14]. - The company completed the acquisition of 100% equity in Dongguan Zhihong Precision Mould Co., Ltd. for a total consideration of RMB 65 million[18]. - Ongoing arbitration regarding the acquisition of Xinjiang Aier Commerce Co., Ltd. with a claim of ¥31 million is still pending[17]. - The company terminated certain fundraising projects and redirected funds for the acquisition of Dongguan Zhihong Precision Mould Co., Ltd.[16]. Research and Development - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the report[18]. - The company is exploring market expansion opportunities, particularly through strategic acquisitions[18]. - The company has not reported any new product launches or significant market expansions during this quarter[30]. - The company has not reported any new product developments or market expansion strategies in the current quarter[39].

Financial Performance - The net profit attributable to shareholders for the year 2020 was -8,617,234.15 RMB, indicating a loss for the company [4]. - The total distributable profit available to shareholders as of December 31, 2020, was 341,785,419.88 RMB [4]. - The company reported a net profit of -7,646,880.61 RMB for the parent company in 2020, with a cumulative distributable profit of 343,986,636.63 RMB [4]. - The company's operating revenue for 2020 was ¥51,433,972, a decrease of 48.05% compared to ¥99,011,136 in 2019 [20]. - The net profit attributable to shareholders was -¥8,617,234, representing a decline of 220.60% from a profit of ¥7,145,045 in 2019 [20]. - The net cash flow from operating activities was -¥10,704,281, a decrease of 122.16% compared to ¥48,300,451 in 2019 [20]. - The basic earnings per share for 2020 was -¥0.05, down 225% from ¥0.04 in 2019 [21]. - The weighted average return on equity decreased to -1.27%, down 2.32 percentage points from 1.05% in 2019 [21]. - The total assets at the end of 2020 were ¥803,792,016.83, a decrease of 2.82% from ¥827,105,947.81 at the end of 2019 [20]. - The net assets attributable to shareholders at the end of 2020 were ¥673,425,016.78, a decrease of 1.20% from ¥681,615,293.31 at the end of 2019 [20]. - The company reported a total of ¥23,633,877.04 in non-recurring gains and losses for 2020 [26]. Dividend Policy - The company decided not to distribute cash dividends or issue bonus shares for the year 2020 due to its transformation phase and significant capital needs [4]. - The company plans to distribute at least 20% of its distributable profits as cash dividends in the next three years (2020-2022), contingent on meeting certain financial conditions [83]. - The cumulative cash distribution over three years will not be less than 30% of the average annual distributable profits during the same period [83]. - The company has implemented a cash dividend policy that prioritizes cash distributions when conditions are met, with a focus on maintaining shareholder interests [86]. - The company has established a dividend policy that considers industry characteristics, development stage, and significant capital expenditure plans when determining cash distribution [85]. Transformation and Strategy - The company is currently undergoing a transformation and development phase, which may impact future performance and strategies [5]. - The company plans to continue expanding its market presence in the transportation and logistics sector [29]. - The company aims to strengthen its core business in road transportation amidst market restructuring due to the pandemic [48]. - The company plans to leverage its strengths in capital operation and governance to expand into the lithium battery precision cutting mold business, forming a dual-core driving model of "road transportation + intelligent manufacturing" [47]. - The company aims to solidify its core business in road transportation by leveraging the "Belt and Road" initiative and enhancing urban-rural transportation integration [69]. Operational Performance - The company achieved a total operating revenue of CNY 51.43 million, a decrease of 48.05% compared to the previous year [48]. - The passenger volume was 241,200, down 72.87% year-on-year, while freight volume increased by 62.30% to 990 tons [48]. - The company completed a transportation turnover of 10.23 million ton-kilometers, a decrease of 72.37% year-on-year [48]. - The company implemented cost control measures, resulting in a 41.54% reduction in operating costs to CNY 44.65 million [50]. - The company reduced management expenses by 10.48% to CNY 44.03 million, optimizing its organizational structure and personnel positions [59]. Risks and Challenges - The company faces competition risks from railway transport, which may divert passengers from road transport, necessitating improvements in service quality and operational flexibility [77]. - Safety accident risks remain a significant concern, with the company implementing measures to mitigate potential incidents through internal controls and GPS monitoring [78]. - The company acknowledges potential performance decline risks due to relocation challenges and market adaptation periods [78]. - Due to the impact of COVID-19, there has been a decline in passenger flow and a reduction in bus service frequency, which may adversely affect the company's operational performance [79]. - The company is at risk of being delisted due to negative net profit and revenue below 100 million RMB, which may lead to trading suspension if financial metrics do not improve [79]. Governance and Compliance - The company has received a standard unqualified audit report from Lixin Accounting Firm [6]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management [6]. - The company has not violated decision-making procedures for external guarantees [5]. - The company has committed to providing accurate and complete information during transactions, ensuring no false statements or omissions were made [91]. - The company has established a long-term commitment to maintain transparency and compliance with relevant laws and regulations [92]. Social Responsibility - The company actively participates in social responsibility initiatives, including poverty alleviation efforts and educational support [130]. - The company provided a total of RMB 173,626.91 for various social responsibility initiatives, including low-income subsidies and disaster relief [134]. - A total of RMB 72,000 was distributed to 24 employees affected by the COVID-19 pandemic, providing each with RMB 300 [135]. - The company engaged 26 party members in a "consumption poverty alleviation" initiative, purchasing 30 units of local agricultural products for a total of RMB 6,000 [135]. - The company plans to continue its poverty alleviation efforts in 2021, aligning with the government's overall poverty alleviation implementation opinions [135]. Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period was 17,187, down from 20,024 at the end of the previous month [146]. - The company had a total of 160,008,000 ordinary shares outstanding, with 81,600,000 shares being restricted and released for trading on January 6, 2020 [141]. - The largest shareholder, Delixi Xinjiang Investment Group Co., Ltd., holds 81,600,000 shares, representing 51.00% of the total shares [148]. - Xinjiang Uygur Autonomous Region State-owned Assets Investment and Operation Co., Ltd. holds 19,764,050 shares, accounting for 12.35% of the total shares [154]. - The company does not have any strategic investors or general legal entities among the top 10 shareholders [149]. Employee and Management - The total pre-tax compensation for executives amounted to 2.3582 million yuan [159]. - The total number of employees in the parent company is 476, while the total number of employees in major subsidiaries is 75, resulting in a combined total of 551 employees [168]. - The company has established a scientific and efficient salary assessment system that links employee income with responsibilities, risks, and company performance [169]. - The company has a training system that emphasizes safety production, technical management, and compliance operations to ensure long-term development [170]. - The company has appointed a new independent director and a new deputy general manager during the reporting period [166]. Financial Assets and Investments - The company reported a total of 33,000 million yuan in financial assets, accounting for 41.05% of total assets as of December 31, 2020 [183]. - Investment income from financial products amounted to 11.52 million yuan for the year [183]. - Government subsidies recognized in other income totaled 19.77 million yuan, which significantly impacts the company's operating results [184]. - The company has entrusted wealth management with a total amount of RMB 58 million from the initial public offering and RMB 85.033 million from its own funds [113]. - The wealth management products have generated an annualized return of 3.80% and 3.70% respectively, with actual returns of RMB 28.18 million and RMB 48.66 million [116].

Financial Performance - Operating revenue for the first nine months was CNY 34,393,668.86, a decrease of 55.03% year-on-year[9] - Net profit attributable to shareholders was CNY 775,045.38, down 90.95% from the previous year[9] - The company reported a basic earnings per share of CNY 0.005, a decrease of 90% compared to the previous year[9] - The company experienced a significant reduction in operating profit, which fell by 84.05% to CNY 1,269,258.74[14] - Operating profit, total profit, and net profit decreased by 84.05%, 82.12%, and 90.95% year-on-year, respectively, due to the significant drop in operating revenue[15] - The total profit for the first three quarters of 2020 was ¥2,209,027.78, down from ¥9,035,041.01 in the same period of 2019, indicating a year-over-year decrease of 75.6%[32] - Net profit for the first three quarters of 2020 was CNY 76,476,816.93, down from CNY 90,552,648.29 in the same period of 2019[25] - Net profit for Q3 2020 was a loss of ¥1,371,491.66, compared to a profit of ¥2,997,109.83 in Q3 2019, representing a significant decline[30] Cash Flow - Net cash flow from operating activities was negative CNY 13,692,125.92, a decline of 126.08% compared to the same period last year[9] - The net cash flow from operating activities for the first three quarters of 2020 was CNY -13,692,125.92, compared to CNY 52,499,329.09 in 2019, indicating a significant decline[33] - The cash inflow from operating activities in the first three quarters of 2020 was CNY 43,804,495.57, a decrease of 73.5% compared to CNY 165,238,048.18 in the same period of 2019[33] - The cash outflow from operating activities in the third quarter of 2020 was CNY 54,790,541.98, down from CNY 98,775,296.17 in the same quarter of 2019[36] - The cash and cash equivalents at the end of the third quarter of 2020 amounted to CNY 60,662,795.68, compared to CNY 61,615,010.65 at the end of the same quarter in 2019[34] Assets and Liabilities - Total assets decreased by 2.45% to CNY 806,856,223.24 compared to the end of the previous year[9] - Total assets as of Q3 2020 were CNY 811,200,520.89, down from CNY 829,701,750.28 at the end of Q3 2019[23] - Total liabilities decreased to CNY 125,836,936.63 from CNY 146,851,034.05 year-over-year[23] - Total assets decreased from CNY 827.11 million at the end of the previous year to CNY 806.86 million[20] - The company has a long-term payable of ¥16,017,036.11, reflecting its long-term financial obligations[39] Shareholder Information - The number of shareholders reached 18,187, with the largest shareholder holding 51% of the shares[11] - Shareholders' equity was reported at ¥681,967,079.44, including retained earnings of ¥350,402,654.03[40] Operating Costs and Expenses - Operating costs fell by 42.53% year-on-year, corresponding to the significant decline in revenue[15] - Tax and additional charges decreased by 79.93% year-on-year, attributed to reduced operating income and government tax relief policies[15] - Financial expenses increased by 96.67% year-on-year, mainly due to a decrease in bank deposit interest income[15] - The company’s management expenses for Q3 2020 were ¥7,215,759.32, a decrease from ¥8,694,448.02 in Q3 2019, suggesting efforts to reduce overhead costs[28] Investment Activities - Investment activities generated a net cash flow of CNY 17,324,976.80, an increase of 121.46% year-on-year[14] - The cash inflow from investment activities in the first three quarters of 2020 was CNY 1,089,647,375.80, an increase of 10.7% from CNY 984,139,899.49 in the same period of 2019[34] - The net cash flow from investment activities for the third quarter of 2020 was CNY 17,324,976.80, recovering from a negative CNY 80,737,355.48 in the previous year[34] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[25]