2022 年第三季度报告 证券代码：603085 证券简称：天成自控 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 比上年同 | | 年初至报告 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 期增减变 | 年初至报告期末 | 期末比上年 | | | | | | 同期增减变 | | | | 动幅度 | | 动幅度(%) | | | | (%) | | | | 营业收入 | 366,166,663.03 | -11.27 | 1,116,288,278.28 | -9.87 | | 归属于上市公司股 | 6,061,233.17 | -35.91 | 28,594,649.90 | -43.54 | | 东的净利润 | | | | | 浙江天成自控股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥750,121,615.25, a decrease of 9.16% compared to ¥825,802,770.11 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥22,533,416.73, down 45.29% from ¥41,189,539.90 in the previous year[18]. - Basic earnings per share for the first half of 2022 were ¥0.06, a decrease of 57.14% compared to ¥0.14 in the same period last year[19]. - The weighted average return on equity decreased to 2.15%, down 1.80 percentage points from 3.95% in the previous year[19]. - Overall main business revenue decreased from 808 million to 702 million, a decline of 13.02% year-on-year due to the impact of the pandemic and the downturn in the engineering machinery and commercial vehicle sectors[36]. - The company reported a significant decline in the commercial vehicle market, with production and sales dropping by 38.5% and 41.2% respectively, impacting overall performance[57]. - The total comprehensive income for the first half of 2022 was CNY 30,195,874.23[153]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥71,126,731.01, a 301.33% increase compared to ¥17,722,795.74 in the same period last year[18]. - The company's cash and cash equivalents at the end of the period amounted to ¥362,026,380.95, representing 12.94% of total assets, up from 6.57% last year[41]. - The cash flow from investment activities showed a net outflow of ¥30,786,149.58, worsening from a net outflow of ¥9,000,890.37 in the same period of 2021[130]. - The cash outflow for repaying debts was ¥503,510,681.50, which increased from ¥200,201,835.37 in the first half of 2021, indicating higher debt servicing costs[131]. Assets and Liabilities - The total assets as of June 30, 2022, were ¥2,796,929,353.15, reflecting an 8.31% increase from ¥2,582,273,973.81 at the end of the previous year[18]. - The total liabilities amounted to CNY 1,591,618,308.20, a slight increase from CNY 1,544,983,979.99, indicating a growth of 3.0%[114]. - The company's equity attributable to shareholders rose to CNY 1,205,311,044.95, up from CNY 1,037,289,993.82, representing an increase of 16.2%[114]. - Long-term borrowings increased to CNY 292,371,413.90 from CNY 220,308,619.67, showing a growth of 32.7%[114]. Revenue Sources and Business Segments - The company's main business revenue accounted for 93.56% of total operating income, primarily from passenger car seats, aviation seats, and engineering machinery and commercial vehicle seats[29]. - The company's revenue from passenger vehicle business increased from 163 million to 233 million, a growth of 43.28% year-on-year[36]. - The aviation business revenue rose from 112 million to 131 million, reflecting a growth of 17.37% year-on-year[36]. - Revenue from the engineering and commercial vehicle business fell from 528 million to 335 million, a decrease of 36.62% year-on-year[37]. Research and Development - Research and development expenses rose by 12.34% to ¥30,755,264.75 from ¥27,377,710.74 year-on-year[40]. - The company has ongoing investments in new technologies and product development, although specific figures were not disclosed in the report[115]. Market Position and Competitiveness - The company has successfully entered the global procurement system of Caterpillar, showcasing its international competitiveness and product quality recognition[29]. - The company’s main products are competitive in both domestic and international markets, with a strong emphasis on cost-effectiveness and service capabilities[30]. - The market share of new energy vehicles reached 21.6%, with sales of 2.66 million units, reflecting a year-on-year growth of 120%[35]. Environmental Compliance - The company reported a total COD discharge limit of 2.263 tons and ammonia nitrogen of 0.113 tons, adhering to the national wastewater discharge standards[67]. - The company has implemented an online monitoring system for wastewater discharge to ensure compliance with environmental regulations[68]. - No administrative penalties were reported during the reporting period due to environmental issues[71]. Corporate Governance and Shareholder Commitments - The commitments made by the controlling shareholders and related parties are long-term and have been fulfilled timely, with no noted failures in execution[76]. - The company guarantees that any business opportunities that may compete with Tiancheng Zikong will be promptly communicated, allowing Tiancheng Zikong the first right of refusal[77]. - The company has established a stock option incentive plan, which was approved by the board and shareholders, aimed at motivating employees and aligning their interests with the company's performance[65]. Legal and Regulatory Matters - The company has ongoing significant litigation against Zhidu Electric Vehicle Co., Ltd. for unpaid debts, with a claim amount of RMB 3,693,189.70[85]. - There were no major lawsuits or arbitration matters that were not disclosed in temporary announcements during the reporting period[84]. Accounting Policies and Financial Reporting - The company follows specific accounting policies for financial instruments impairment, fixed assets depreciation, and revenue recognition[161]. - The consolidated financial statements include all subsidiaries controlled by the parent company, prepared according to relevant accounting standards[167]. - Financial assets are classified into three categories at initial recognition, including those measured at amortized cost and those measured at fair value with changes recognized in profit or loss[170].

证券代码：603085 证券简称：天成自控 浙江天成自控股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2022 年第一季度报告 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增 | | --- | --- | --- | | | | 减变动幅度(%) | | 营业收入 | 431,913,775.43 | 15.48 | | 归属于上市公司股东的净利润 | 13,297,691.29 | -34.94 | | 归属于上市公司股东的扣除非经常性 | 17,487,847.57 | -3.52 | | ...

Financial Performance - The company's operating revenue for 2021 was ¥1,703,718,700.37, representing a 19.33% increase compared to ¥1,427,717,717.78 in 2020[21]. - The company's operating revenue increased from 1.427 billion to 1.703 billion RMB, a growth of 19.33%[30]. - The main business revenue rose from 1.412 billion to 1.648 billion RMB, reflecting a growth of 16.63%[30]. - Net profit attributable to shareholders decreased by 44.18% to 28,203,760.11 RMB, primarily due to rising raw material and shipping costs[30]. - The cash flow from operating activities was 87,424,243.59 RMB, an increase of 73.99% compared to the previous year[22]. - Basic earnings per share dropped by 50% to 0.08 RMB, while diluted earnings per share also fell by 50% to 0.08 RMB[23]. - The weighted average return on equity decreased to 2.75%, down from 7.63% in the previous year[23]. - The total assets increased by 7.44% to 2,582,273,973.81 RMB compared to the previous year[22]. - The net profit for the year was ¥28,203,760.11, a decrease of 44.18% compared to the previous year, primarily due to increased international logistics costs and rising raw material prices[60]. - The gross profit margin for the seat series decreased by 6.59 percentage points to 13.92% due to rising costs[65]. - The gross profit margin decreased to 25.99%, primarily due to rising costs of raw materials and international shipping[66]. Business Segments and Revenue Sources - The automotive seating business generated 466,765,670.42 RMB, accounting for 28.33% of total revenue, with a growth of 22.75%[31]. - The aviation seating business saw revenue of 282,974,927.90 RMB, representing 17.18% of total revenue, with an impressive growth of 82.97%[31]. - The company's product lines include commercial vehicle seats (22.91% of revenue), engineering machinery seats (27.27%), passenger vehicle seats (28.33%), and aviation seats (17.18%)[63]. - The children's safety seat business achieved sales revenue of 9.6 million RMB in 2021, slightly down from 2020 due to international pandemic pressures[38]. - The company’s aviation seat subsidiary, Acro Aircraft Seating Limited, is a qualified supplier for major aircraft manufacturers Boeing and Airbus, with products certified by EASA and FAA[49]. - The company has a significant market share in the engineering machinery and commercial vehicle seat industry, successfully partnering with leading brands like Caterpillar and SANY[49]. Strategic Initiatives and Future Plans - The company plans to expand its presence in the new energy vehicle seating market, leveraging opportunities from the rapid growth of the sector[34]. - The company aims to achieve an annual production and sales scale exceeding 2 million sets, targeting a market share of over 10% in the passenger car seat supply sector[109]. - The company plans to launch two new children's safety seat products in 2022, expecting to generate sales of 40,000 units from these new products[119]. - The company intends to deepen cooperation with traditional customers while also establishing partnerships with leading new energy vehicle manufacturers to enhance its market position[114]. - The company is set to begin mass production of carbon fiber prepreg materials and aluminum alloy components for aircraft seats in 2022, enhancing its production capabilities[121]. - The company plans to expand its engineering machinery and commercial vehicle seat business, targeting foreign main engine brands and the domestic specialized vehicle market[117]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company has not faced any issues with the authenticity and completeness of the annual report[7]. - The company is committed to ensuring the accuracy and integrity of its financial reports[4]. - The management has highlighted potential risks in future development strategies, which investors should be aware of[6]. - The company has maintained a consistent governance structure with all board members present at meetings[4]. - The company has established a compensation and assessment committee to evaluate senior management based on performance standards[150]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with major pollutants including COD, ammonia nitrogen, total phosphorus, and VOCs, adhering to strict discharge standards[174]. - Wastewater is treated at the factory's sewage treatment station and meets the Class III discharge standards, with a total COD discharge limit of 2.263 tons and ammonia nitrogen of 0.113 tons[174]. - The company has established online monitoring systems at discharge points to ensure compliance with environmental standards[175]. - The company has implemented a comprehensive environmental management system across all subsidiaries, which are not classified as key pollutant discharge units[178]. Research and Development - The company developed 102 new products in the engineering machinery commercial vehicle sector in 2021, including projects for major domestic manufacturers[42]. - The company has multiple R&D centers in Shanghai, Zhejiang, and London, focusing on advanced technologies such as carbon fiber composites and aluminum alloy frameworks[56]. - The company’s R&D expenses increased by 13.21% to ¥57,909,045.19, reflecting its commitment to innovation[62]. - The company is focusing on the development of electric children's safety seats, incorporating advanced technologies and materials[124]. Market Position and Competition - The company has established stable partnerships with major clients such as Boeing and Airbus, with its S3, S6, and S7 seat models approved for installation on mainstream aircraft like Boeing 737 and Airbus A320[58]. - The global aviation seat market is dominated by major players like Zodiac Aerospace, B/E Aerospace Inc, and Recaro, which together hold nearly 80% of the market share[107]. - The company is focused on expanding its presence in the global aviation seat market, aiming to become one of the top three suppliers in this field[109]. Risk Management - The management team has extensive experience in the automotive and financial sectors, which is expected to drive strategic initiatives[144]. - The company is addressing risks related to macroeconomic fluctuations and raw material price volatility by diversifying markets and optimizing product structures[132]. - The company has not faced any delisting risks or bankruptcy restructuring matters during the reporting period[200].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 412,680,341.80, representing a year-on-year increase of 22.23%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 9,457,457.54, a decrease of 3.42% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 4,647,625.10, down 41.73% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,238,483,111.91, a significant increase of 25.5% compared to ¥986,552,706.83 in the same period of 2020[21] - Net profit for the first three quarters of 2021 was ¥50,646,997.44, compared to ¥42,339,619.40 in the same period of 2020, reflecting a growth of 19.5%[22] - The company reported a total comprehensive income of ¥49,980,714.80 for the third quarter of 2021, compared to ¥39,661,566.19 in the same quarter of 2020[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,606,927,796.23, an increase of 8.47% from the end of the previous year[6] - The total assets of the company as of September 30, 2021, amounted to approximately CNY 2.61 billion, an increase from CNY 2.40 billion at the end of 2020[18] - The company's current assets totaled approximately CNY 1.27 billion, compared to CNY 1.22 billion in the previous year[18] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥1,546,308,763.66, compared to ¥1,392,786,883.36 at the end of the previous year[20] - The company's total equity reached ¥1,060,619,032.57, an increase from ¥1,010,684,691.80 in the previous year[20] - The company’s total liabilities included short-term borrowings of CNY 382,419,649.46, consistent with the previous year, indicating stable short-term financing[28] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 42,178,709.96[6] - The net cash inflow from operating activities was CNY 1,141,915,410.90, a significant increase from CNY 497,405,662.68 in the previous year, indicating strong operational performance[25] - The net cash outflow from investing activities was CNY -129,466,492.59, compared to CNY -80,654,256.43 in the same period last year, reflecting increased investment expenditures[25] - The net cash inflow from financing activities was CNY 38,075,111.44, down from CNY 345,362,625.81 year-over-year, suggesting a reduction in financing activities[26] - The total cash and cash equivalents at the end of the period stood at CNY 81,073,934.51, down from CNY 102,615,736.19 at the end of the previous year[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,100[10] - The largest shareholder, Zhejiang Tiancheng Ke Investment Co., Ltd., held 136,738,500 shares, accounting for 36.9% of the total shares[11] Operational Highlights - The company experienced a decline in gross profit margin due to rising prices of steel and construction materials[9] - In the first nine months of 2021, the company achieved a monthly production and sales volume of nearly 40,000 sets for passenger car seats, marking a historical high[14] - The company's revenue growth during the reporting period was primarily driven by the increase in sales from passenger car seats and aviation seat businesses[13] - The company secured a long-term order for 50 Airbus A320 aircraft seats from Allegiant Airlines for the years 2022-2024, marking its first large-scale order post-pandemic[15] - The company's passenger vehicle business is currently focused on several mass production projects, benefiting from the upward momentum of domestic brands and new energy vehicles[14] - The company's market share for domestic passenger vehicles reached 43.3%, an increase of 6.7 percentage points year-on-year[14] Research and Development - Research and development expenses increased to ¥44,352,545.13 in the first three quarters of 2021, up 51.2% from ¥29,305,880.75 in 2020[21]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥825,802,770.11, representing a 27.25% increase compared to ¥648,936,048.68 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was ¥41,189,539.90, up 26.55% from ¥32,547,174.66 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥38,373,682.16, which is a significant increase of 71.27% compared to ¥22,405,037.18 in the same period last year[17]. - The net cash flow from operating activities was ¥17,722,795.74, a recovery from a negative cash flow of -¥77,305,220.43 in the previous year[17]. - The total assets at the end of the reporting period were ¥2,572,667,808.08, reflecting a 7.04% increase from ¥2,403,471,575.16 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 4.10% to ¥1,052,091,488.80 from ¥1,010,638,317.77 at the end of the previous year[17]. - Basic earnings per share for the first half of 2021 were ¥0.14, a 27.27% increase from ¥0.11 in the same period last year[18]. - The diluted earnings per share also stood at ¥0.14, marking a 27.27% increase compared to the previous year[18]. - The weighted average return on equity decreased to 3.95%, down by 2.67 percentage points from 6.62% in the previous year[18]. Business Operations - The company's main business includes the research, design, production, and sales of engineering machinery seats, commercial vehicle seats, passenger car seats, aircraft seats, and child safety seats, with a revenue contribution of 97.71% from main business operations[22]. - The company has established an annual procurement contract with suppliers, managing raw material and component procurement to ensure timely production[23]. - The production model is order-based, with production plans developed according to sales department orders, ensuring efficient manufacturing processes[24]. - The company has a production capacity of 300,000 sets of passenger car seats annually, with significant supply to major clients like SAIC Motor[27]. - The aviation seat business has seen a decline in demand due to the pandemic, but sales and order volumes have started to recover since Q4 2020[28]. - The company has successfully entered the global procurement system of Caterpillar, enhancing its international competitiveness[26]. - The child safety seat segment is a new venture aimed at leveraging the company's experience in passenger car seats to provide high-quality products[28]. - The company’s engineering machinery and commercial vehicle seats are significantly influenced by the production and sales conditions of downstream mainframes[26]. - The company has received airworthiness certification from EASA and FAA for its aircraft seats, indicating compliance with international safety standards[28]. - The company utilizes a direct sales model for the mainframe supporting market, establishing cooperative relationships with clients through competitive bidding and direct partnerships[24]. Revenue Growth - The company's main business revenue increased from 640 million RMB to 807 million RMB, a growth of 25.99%[36]. - Revenue from engineering machinery and commercial vehicle seats grew from 398 million RMB to 528 million RMB, an increase of 32.49%[36]. - Passenger vehicle seat revenue rose by 21.87%, from 133 million RMB to 163 million RMB[36]. - Aircraft seat business revenue increased from 100 million RMB to 112 million RMB, a growth of 11.14%[36]. - The company has established stable partnerships with major clients, including Airbus and Boeing in the aircraft seat sector[31]. - The company has developed a carbon fiber composite aircraft seat, enhancing its competitive advantage in lightweight and comfort[30]. Financial Strategy - The company plans to raise up to 2 billion RMB through a private placement of shares at a price of 5.57 RMB per share[38]. - The company has multiple R&D centers in Shanghai, Zhejiang, and London, focusing on advanced seat technologies[30]. - The company has a total of 16 subsidiaries in China and 3 in the UK, facilitating global resource integration[32]. - The new Child Protection Law, effective June 1, 2021, is expected to positively impact the growth of the children's safety seat business[35]. - Operating costs increased by 31.96% to ¥655,859,636.40 from ¥497,019,640.77 year-on-year[42]. - Research and development expenses rose by 37.05% to ¥27,377,710.74, up from ¥19,976,693.91 in the previous period[42]. Market Challenges - The company reported a significant decline in China's automotive production and sales in June 2021, with production and sales down 16.5% and 12.4% year-on-year, respectively[59]. - The company plans to strengthen cooperation with vehicle manufacturers to address the challenges posed by the increasing competition in the automotive industry[59]. - The company aims to balance the development of domestic and international markets to mitigate the impact of cyclical fluctuations in the engineering machinery and commercial vehicle sectors[59]. - Raw material price fluctuations, particularly in steel and TDI chemical materials, have significantly increased production costs, prompting the company to implement cost-reduction measures[60]. Corporate Governance - The company has committed to a two-year lock-up period for shares after the expiration of the initial lock-up period, ensuring no impact on control and compliance with public commitments[75]. - The company has established long-term commitments to resolve industry competition issues, ensuring no direct or indirect competition with its controlled entities[76]. - The company has committed to avoid engaging in related party transactions with its controlled entities, ensuring fair market conditions and compliance with legal regulations[78]. - The company has outlined a plan for share reduction post-lock-up, limiting the amount to 10% in the first year and 20% in the second year after the lock-up period[75]. - The company has confirmed that it will not engage in similar business activities as its controlled entities to prevent competition[76]. - The company has committed to timely disclosure of any related party transactions and to ensure they are conducted under normal commercial terms[78]. - The company has stated that it will compensate for any losses incurred by its controlled entities due to violations of these commitments[79]. - The company has emphasized the importance of respecting the independent legal status of its controlled entities and ensuring their autonomous decision-making[80]. - The company has committed to notifying its controlled entities of any business opportunities that may lead to competition, allowing them the first right of refusal[76]. - The company has established a framework for governance to ensure compliance with commitments and to avoid conflicts of interest[78]. Legal and Compliance - The company is involved in significant litigation, including claims against Zhejiang Zhongtai Automobile Manufacturing Co., Ltd. for unpaid debts totaling RMB 3,693,200[85]. - The company reported no non-operating fund occupation by controlling shareholders during the reporting period[82]. - The company has not faced any major lawsuits or arbitration matters during the reporting period[83]. - The company has not received any non-standard audit opinions for the previous annual report[83]. - The company has committed to fair trading practices in its transactions with related parties[81]. - The company has not reported any violations or penalties against its directors, supervisors, or senior management during the reporting period[86]. Shareholder Information - The total number of shares outstanding is 370,225,434, with 290,986,132 shares being unrestricted[93]. - Major shareholders include China International Financial Co., Ltd. and Taizhou Jin Kong Asset Management Co., Ltd., each holding 15,847,860 and 7,923,930 shares respectively, all of which are from the private placement[96]. - The release of limited sale shares occurred on February 18, 2021, following the statutory holiday[94]. - The company has not reported any significant changes in shareholding structure or other major events during the reporting period[95]. - The total number of ordinary shareholders reached 20,549 by the end of the reporting period[99]. - Zhejiang Tiancheng Investment Co., Ltd. holds 136,738,500 shares, accounting for 36.93% of total shares[101]. - Chen Bangrui owns 16,958,613 shares, representing 4.58% of total shares[101]. - The top ten shareholders collectively hold significant stakes, with the largest shareholder having a 36.93% ownership[101]. Financial Reporting and Standards - The company operates in the specialized equipment manufacturing industry, focusing on the research, production, and sales of vehicle and aircraft seats[147]. - The financial statements include 16 subsidiaries, indicating a broad operational scope and market presence[148]. - The company adheres to the enterprise accounting standards, ensuring the financial statements accurately reflect its financial position and performance[152]. - The accounting period for the company runs from January 1 to December 31 each year, aligning with standard fiscal practices[153]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[150]. - The company utilizes the RMB as its functional currency for accounting purposes[155]. - The financial reports are prepared based on the continuous operation assumption, indicating stability in operations[149].

Financial Performance - Operating revenue rose by 41.29% to CNY 374,006,853.58 year-on-year[5] - Net profit attributable to shareholders increased significantly by 515.06% to CNY 20,438,018.03 compared to the same period last year[5] - Basic and diluted earnings per share both increased to CNY 0.06, up 500% from CNY 0.01 in the same period last year[5] - The weighted average return on equity rose to 2.00%, an increase of 1.54 percentage points compared to the previous year[5] - The company reported a total of CNY 2,312,761.77 in non-recurring gains and losses for the period[8] - The total comprehensive income for Q1 2021 was CNY 21,400,290.43, compared to CNY 909,446.63 in Q1 2020, showing a substantial increase of approximately 2240%[29] - The company's net profit for Q1 2021 showed a significant improvement, with undistributed profits at -CNY 246,946,899.48 compared to -CNY 267,384,917.51 in the previous year[21] - The net profit for Q1 2021 reached CNY 20,438,018.03, compared to CNY 3,322,933.29 in Q1 2020, indicating a year-over-year increase of about 516%[28] Cash Flow - The net cash flow from operating activities improved to CNY 32,220,460.21, a recovery from a loss of CNY 46,156,444.24 in the previous year[5] - Cash flow from operating activities improved significantly, with a net cash flow of CNY 32,220,460.21 compared to a negative CNY 46,156,444.24 in the previous year[14] - The company's cash inflow from operating activities in Q1 2021 was CNY 344,243,508.62, compared to CNY 256,245,968.57 in Q1 2020, representing a growth of about 34%[33] - Total cash inflow from operating activities reached ¥338,254,309.44, compared to ¥125,000,031.14 in the same period last year, reflecting a year-over-year increase of approximately 170.0%[38] - The net cash flow from operating activities for Q1 2021 was ¥31,417,846.41, a significant improvement from -¥30,012,513.14 in Q1 2020, indicating a turnaround in operational performance[38] Assets and Liabilities - Total assets increased by 9.57% to CNY 2,633,573,058.13 compared to the end of the previous year[5] - The company's total assets increased to CNY 2,633,573,058.13, up from CNY 2,403,471,575.16, reflecting overall growth[19] - Total liabilities increased to CNY 1,601,534,449.93 in Q1 2021 from CNY 1,392,786,883.36 in the previous year, representing a rise of 15%[21] - Long-term borrowings doubled to CNY 200,259,197.89, reflecting increased financing activities[13] - Long-term borrowings increased significantly to CNY 200,259,197.89 from CNY 100,185,746.62, representing a 99.5% increase[24] - Current liabilities totaled ¥1,240,872,974.81, including short-term borrowings of ¥382,419,649.46 and accounts payable of ¥454,999,759.36[42] Shareholder Information - The total number of shareholders reached 17,714 by the end of the reporting period[10] - The largest shareholder, Zhejiang Tiancheng Ke Investment Co., Ltd., holds 36.93% of the shares, amounting to 136,738,500 shares[10] Operational Highlights - The company successfully launched a production line for carbon fiber composite components for aircraft seats, marking a significant milestone in its investment project[15] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[15] Costs and Expenses - Operating costs increased by 46% to CNY 293,994,458.31, driven by revenue growth[13] - The company reported a 54% increase in tax payable, amounting to CNY 11,803,512.19, due to higher taxable income[13] - Research and development expenses for Q1 2021 were CNY 11,952,430.52, slightly higher than CNY 9,534,401.68 in Q1 2020, reflecting a growth of approximately 25%[31] - The company's financial expenses decreased to CNY 5,418,361.18 in Q1 2021 from CNY 10,781,601.14 in Q1 2020, a reduction of about 50%[28] - The company reported a decrease in employee compensation payable from CNY 16,630,539.38 to CNY 9,460,162.73, indicating a reduction of 43%[21] Inventory and Assets Management - The inventory balance rose to CNY 404,253,874.78, up from CNY 349,427,341.60, indicating increased stock levels[19] - The company's inventory as of March 31, 2021, was CNY 291,021,393.83, compared to CNY 266,041,087.83 at the end of 2020, showing an increase of 9.4%[22] Interest and Income - Interest income surged by 152% to CNY 535,505.74, attributed to increased deposit interest[13] - The company reported a decrease in interest expenses from CNY 10,937,209.98 in Q1 2020 to CNY 4,380,997.82 in Q1 2021, a reduction of about 60%[28] Comprehensive Financial Position - The total equity attributable to shareholders was CNY 1,032,038,608.20, an increase from CNY 1,010,638,317.77 in the previous year, reflecting a growth of 2.5%[21] - The company reported an accumulated deficit of $181,022,054.13, reflecting ongoing challenges in profitability[47] - Total equity stands at $1,072,722,095.09, indicating a stable financial position[47]

Financial Performance - The company's operating revenue for 2020 was CNY 1,427,717,717.78, a decrease of 1.95% compared to CNY 1,456,138,935.80 in 2019[21] - The net profit attributable to shareholders of the listed company was CNY 50,525,257.17, recovering from a loss of CNY 535,138,770.67 in the previous year[22] - The net cash flow from operating activities increased significantly to CNY 50,246,054.87, up 212.42% from CNY 16,082,755.92 in 2019[22] - The total assets at the end of 2020 were CNY 2,403,471,575.16, representing a 15.99% increase from CNY 2,072,079,447.03 in 2019[22] - The net assets attributable to shareholders of the listed company increased by 112.03% to CNY 1,010,638,317.77 from CNY 476,642,118.61 in 2019[22] - The basic earnings per share for 2020 was CNY 0.16, a recovery from a loss of CNY 1.84 per share in 2019[23] - The weighted average return on equity increased to 7.63%, up 80.34 percentage points from -72.71% in 2019[23] Revenue Breakdown - The company's main business revenue from various seating products accounted for 98.95% of total revenue, emphasizing the importance of these segments in driving overall performance[34] - The company's main business revenue for 2020 was CNY 1.41 billion, a slight decrease of 2.27% compared to 2019[44] - The engineering and commercial vehicle seating segment generated CNY 857.78 million, accounting for 60.72% of total revenue, with a growth of 35.96%[44] - The passenger vehicle seating segment achieved revenue of CNY 380.25 million, representing 26.92% of total revenue, with a growth of 7.57%[44] - The aviation seating segment's revenue was CNY 154.66 million, contributing 10.95% to total revenue, but saw a decline of 65.86%[44] Cash Flow and Financing - The cash flow from operating activities showed a significant turnaround with CNY -46.16 million in Q1, CNY -31.15 million in Q2, CNY -116.04 million in Q3, and a positive CNY 243.59 million in Q4, indicating improved cash management[26] - The company reported a significant increase in cash and cash equivalents, rising by 94.76% to CNY 217.26 million due to funds raised from a private placement[39] - Accounts receivable financing increased by 298.11% to CNY 91.99 million, attributed to an increase in receivable notes financing[39] - The net cash flow from financing activities increased by 96.62% to 123.89 million yuan, mainly due to funds raised from a private placement[80] Market Strategy and Development - The company plans to continue focusing on its development strategies while being aware of potential investment risks[6] - The company is focusing on expanding its market presence in the passenger car seat segment, with strategic partnerships with major clients like SAIC Motor Corporation[34] - The company aims to leverage its experience in passenger vehicle seating to enter the children's safety seat market, targeting global consumers[38] - The company is committed to leveraging its UK subsidiary's technology and reputation to enhance its global market share in aviation seats[105] Research and Development - The company is actively involved in R&D for new seating technologies, aiming to enhance product offerings and meet customer demands[32] - The company’s R&D expenses decreased by 28.60% to ¥51,150,516.32, indicating a focus on cost management[65] - The total amount of research and development investment was 60.11 million yuan, with 16.64% capitalized[78] Environmental Compliance - The company has established wastewater treatment facilities and an online monitoring system to ensure compliance with environmental standards[162] - The company is classified as a key pollutant discharge unit, generating over 100 tons of hazardous waste annually, and is subject to environmental regulations[162] - The company has implemented pollution control measures, including photocatalytic treatment for exhaust emissions[162] Shareholder and Governance - The company has a share repurchase plan that is not applicable for the reporting period[135] - The company has maintained strict compliance with its commitments regarding share lock-up periods and conditions for potential share reductions by major shareholders[136][137][139] - The company has a total of 9 directors and supervisors, with varying levels of compensation[194] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 4.5068 million yuan[200] Legal Matters - The company has no significant litigation or arbitration matters pending, indicating a stable legal standing[154] - The company has established a plan to notify Tiancheng Zikong of any business opportunities that may conflict with its operations, ensuring that such opportunities are offered to Tiancheng Zikong first[140]

2020 年第三季度报告 公司代码：603085 公司简称：天成自控 浙江天成自控股份有限公司 2020 年第三季度报告 1 / 21 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2020 年第三季度报告 一、重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | | 上年度末 | | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 减(%) | | | 总资产 | 2,347,238,306.45 | | 2,072,079,447.03 | | | 13.28 | | 归属于上市公司 | 1,002,871,601.49 | | 476,642,118.61 | | | 110.40 | | 股东的净资产 | | | | | | | | | 年初至报告期末 | | 上年初至上年报告期末 | | 比上年同期增减(%) | | | | （1-9 月） | （ ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥648,936,048.68, a decrease of 14.17% compared to ¥756,065,468.31 in the same period last year[18]. - The net profit attributable to shareholders was ¥32,547,174.66, representing an increase of 4.82% from ¥31,050,924.43 in the previous year[18]. - The net cash flow from operating activities was -¥77,305,220.43, a significant decline compared to ¥26,318,046.26 in the same period last year, reflecting a decrease of 393.73%[18]. - The total assets at the end of the reporting period were ¥2,301,267,694.08, an increase of 11.06% from ¥2,072,079,447.03 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 6.20% to ¥506,216,309.96 from ¥476,642,118.61 at the end of the previous year[18]. - The basic earnings per share remained stable at ¥0.11, unchanged from the same period last year[19]. - The weighted average return on net assets increased to 6.62%, up by 3.55 percentage points from 3.07% in the previous year[19]. - The company reported non-recurring gains and losses totaling ¥10,142,137.48 for the reporting period[20]. Revenue and Sales - The company's main business revenue accounted for 98.68% of total revenue, primarily from passenger car seats, aviation seats, engineering machinery, and commercial vehicle seats[26]. - The company's revenue decreased by 14.17% year-on-year, with engineering machinery and commercial vehicle sales growing by 45.62%, from 27.4 million to 39.9 million yuan[40]. - The aviation seat business in the UK declined by 58.85%, from 243 million to 100 million yuan[40]. - The passenger vehicle business saw a 56% drop in Q1, but recovered in Q2, achieving a revenue of 133 million yuan, down 32.44% year-on-year[40]. - The children's safety seat business experienced a 572% year-on-year increase in sales for the first half of 2020, with a 28% quarter-on-quarter growth[41]. Assets and Liabilities - The company's cash and cash equivalents increased by 48.2% to ¥165,290,730.75 due to an increase in acceptance guarantee deposits[30]. - Accounts receivable rose by 33.2% to ¥371,900,772.42, driven by sales growth in the commercial vehicle segment[30]. - Inventory increased by 34.3% to ¥412,708,624.53, attributed to sales growth in the commercial vehicle segment and production preparations[30]. - Total liabilities reached CNY 1,438,477,839.46 as of June 30, 2020, compared to CNY 1,205,365,918.87 at the end of 2019, reflecting a growth of 19.3%[99]. Operational Efficiency - Operating costs fell by 13.94% to ¥497,019,640.77 from ¥577,537,610.42 year-on-year[44]. - Sales expenses decreased significantly by 44.49% to ¥20,733,271.32, attributed to reduced sales scale and lower logistics costs[44]. - Management expenses declined by 12.99% to ¥62,398,677.98, due to lower employee compensation and depreciation[44]. - Research and development expenses were reduced by 18.57% to ¥19,976,693.91, resulting from decreased direct investment and lower depreciation[44]. Market Position and Competitiveness - The company's UK subsidiary, Acro Aircraft Seating Limited, is among the top five global suppliers of aviation seats, with products certified by EASA and FAA[27]. - The company has successfully entered the global procurement system of Caterpillar, showcasing its international competitiveness[28]. - The company is a new entrant in the child safety seat market, leveraging its extensive experience in the passenger car seat sector[29]. - The company has established long-term stable partnerships with major clients such as Airbus and Boeing in the aviation seat sector, with two series of economy class products included in the Airbus supplier directory[33]. Financial Strategy and Risks - Increased bank borrowings due to rapid revenue growth and overseas acquisitions have led to rising financial costs, posing liquidity risks for the company[59]. - The company plans to complete financing through a private placement of shares, with part of the raised funds allocated to supplement working capital and reduce the debt ratio[60]. - The company faces risks related to price fluctuations of its main products, with potential downward pressure on prices due to macroeconomic factors and increased competition[60]. - The company is exposed to cyclical risks in the engineering machinery and commercial vehicle seat markets, which significantly impact profitability due to the company's large market share in the engineering machinery seat sector[60]. Corporate Governance and Compliance - The company has no major litigation or arbitration matters during the reporting period[74]. - The company has initiated legal proceedings against Zhidou Electric Vehicle Co., Ltd. for unpaid debts amounting to ¥29,490,223.25, with an additional penalty of ¥321,914.92[75]. - The company guarantees that it will not engage in business activities that compete with its controlled subsidiary, Tiancheng Self-Control[69]. - The company will ensure that any unavoidable related transactions with Tiancheng Self-Control comply with legal regulations and will not seek preferential conditions[71]. Accounting Policies and Financial Reporting - The company prepares its financial statements based on the going concern assumption, with no significant doubts regarding its ability to continue operations for the next 12 months[133]. - The financial statements comply with the requirements of the accounting standards, accurately reflecting the company's financial position and operating results[135]. - The company recognizes revenue from the sale of goods when the risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured[193]. - The company recognizes deferred tax assets and liabilities based on the differences between the carrying amounts of assets and liabilities and their tax bases[200].