证券代码：603121 证券简称：华培动力 公告编号：2023-039 上海华培动力科技（集团）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法律责任。 重要内容提示： 会议召开时间：2023 年 5 月 25 日（星期四）下午 13:00-14:30 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/） 董事长兼总经理：吴怀磊先生 会议召开方式：上证路演中心视频录播和网络互动 投资者可于 2023 年 5 月 18 日（星期四）至 5 月 24 日（星期三）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 board@sinotec.cn 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。 上海华培动力科技(集团)股份有限公司（以下简称"公司"）已于 2023 年 4 月 26 日在上海证券交易所网站（http://www.sse.com. ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥292,654,203.33, representing a year-on-year increase of 36.83%[5] - The net profit attributable to shareholders for Q1 2023 was ¥42,730,903.78, showing a significant increase of 966.29% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was ¥0.12, reflecting a growth of 500.00% year-on-year[6] - Operating profit for Q1 2023 was ¥52,089,008.15, compared to ¥6,217,937.89 in Q1 2022, reflecting a significant improvement[20] - Net profit for Q1 2023 was ¥36,945,237.37, up from ¥3,989,543.48 in Q1 2022, marking a substantial growth[21] - The company reported a net cash flow from operating activities of -¥58,428,880.52 in Q1 2023, compared to -¥2,044,478.91 in Q1 2022[22] - The company recorded a profit before tax of ¥52,925,893.16 in Q1 2023, compared to ¥6,405,596.70 in Q1 2022, highlighting a strong operational performance[21] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥2,166,835,144.51, a decrease of 1.19% from the end of the previous year[6] - Current assets totaled RMB 952,798,668.48, slightly down from RMB 957,489,764.51 at the end of 2022, indicating a decrease of about 0.7%[17] - The total liabilities decreased to ¥956,874,425.53 in Q1 2023 from ¥1,015,337,828.55 in Q1 2022, showing improved financial health[20] - The total non-current assets were RMB 1,214,036,476.03, down from RMB 1,235,464,206.79, reflecting a decrease of about 1.7%[18] Cash Flow - The net cash flow from operating activities was -¥58,428,880.52, which is not applicable for year-on-year comparison[5] - Net cash flow from investment activities was $102,747,662.97, compared to a negative cash flow of $2,688,118.48 in the previous year[23] - Cash inflow from financing activities totaled $100,500,000.00, up from $56,265,987.92 year-over-year[23] - Cash outflow for debt repayment was $87,997,125.44, significantly higher than $35,036,000.00 in the same period last year[23] - The net increase in cash and cash equivalents was $33,016,040.77, compared to $14,759,508.33 in the previous year[23] - The ending balance of cash and cash equivalents reached $179,196,632.63, up from $114,583,864.30 year-over-year[23] - Total cash outflow from financing activities was $110,796,939.24, compared to $35,508,878.42 in the previous year[23] - Cash inflow from loans amounted to $89,600,000.00, an increase from $54,200,200.00 in the previous year[23] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $1,005,802.44[23] Investments and Expenses - The company reported a non-recurring gain of ¥50,367,541.42 from the disposal of equity interests in an associate[7] - The company achieved a net profit excluding non-recurring items of ¥2,224,224.26, an increase of 46.87% year-on-year[5] - Research and development expenses increased to ¥18,238,064.27 in Q1 2023, up from ¥13,395,948.10 in Q1 2022, indicating a focus on innovation[20] - The total operating costs for Q1 2023 were ¥287,678,654.43, an increase from ¥209,856,077.24 in Q1 2022, primarily driven by higher sales and administrative expenses[20] Shareholder Information - The company has a total of 139,540,400 shares held by Shanghai Huajian Investment Management Co., Ltd., representing 41.22% of total shares[14] - The company's total equity increased to ¥1,209,960,718.98 in Q1 2023, compared to ¥1,177,616,142.75 in Q1 2022, reflecting growth in shareholder value[20] Future Outlook - The company anticipates continued growth in revenue and profitability driven by improved production efficiency and market expansion strategies[10]

Financial Performance - The net profit attributable to shareholders for 2022 was negative, leading the company to propose no cash dividends or capital reserve transfers for the year[5]. - The company's operating revenue for 2022 was approximately ¥904.50 million, a decrease of 1.82% compared to ¥921.29 million in 2021[22]. - The net profit attributable to shareholders for 2022 was approximately -¥8.42 million, representing a decline of 112.35% from ¥68.18 million in 2021[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥1.50 million, down 97.31% from ¥55.63 million in 2021[22]. - The net cash flow from operating activities for 2022 was approximately ¥102.47 million, an increase of 8.00% compared to ¥94.87 million in 2021[22]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥1.12 billion, a decrease of 3.19% from ¥1.15 billion at the end of 2021[22]. - The company reported a basic earnings per share of CNY -0.02, a decrease of 110.00% from CNY 0.20 in 2021[23]. - The weighted average return on equity was -0.75%, a decrease of 6.76 percentage points from 6.01% in 2021[23]. Audit and Compliance - The company received a standard unqualified audit report from Tianzhi International Accounting Firm[4]. - The financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[9]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[9]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures in providing guarantees to external parties[7]. - There are no significant risks that materially affect the company's operations during the reporting period[8]. Management and Governance - The management has provided a forward-looking statement regarding future strategies and business development, emphasizing the importance of investor awareness of risks[6]. - The company has established a system for information disclosure, ensuring timely and fair communication with investors, particularly minority shareholders[115]. - The company’s supervisory board is responsible for overseeing the legality and compliance of the actions taken by the board of directors and senior management[115]. - The company maintained independence from its controlling shareholders in assets, personnel, finance, and operations, ensuring that major decisions are made independently[116]. - The company has implemented a performance management mechanism for senior management, evaluating their performance based on the completion of annual goals[165]. Strategic Initiatives - The company optimized its organizational structure by establishing a Powertrain Division and a Sensor Division to enhance management efficiency[33]. - The company is actively seeking strategic partnerships and acquisitions in upstream core chips and sensor technologies to expand its product offerings[99]. - The company plans to integrate its sensor division to improve efficiency and stabilize product quality, targeting a turnaround from significant losses in 2022[100]. - The company aims to enhance its market share in the traditional powertrain sector while maintaining stable business development despite challenges from the electric vehicle market[96]. Research and Development - The company invested heavily in product R&D, developing new pressure sensors for various applications, including those for new energy vehicles[37]. - The company has a strong focus on R&D in high-temperature metal materials and various sensor technologies, holding multiple patents in the field[42]. - Research and development expenses totaled 50.14 million yuan, which is 5.54% of operating revenue[69]. - The company employed 265 R&D personnel, making up 18.68% of the total workforce[71]. Market and Industry Trends - The global turbocharger market is projected to grow from approximately 46 million units in 2022 to 48 million units by 2024, indicating a growing demand for related products[38]. - In 2022, China's new energy vehicle production and sales reached 7.058 million and 6.887 million units, respectively, representing year-on-year growth of 96.9% and 93.4%[39]. - The automotive sensor market is projected to reach RMB 324.376 billion by 2027, indicating significant growth potential[98]. Environmental and Social Responsibility - The company invested approximately 12.95 million yuan in environmental protection during the reporting period[170]. - The company implemented carbon reduction measures, achieving a reduction of 412 tons of CO2 equivalent emissions[174]. - The company has a dedicated wastewater treatment facility at the Wuhan plant, ensuring all wastewater meets national and local discharge standards[172]. - The company made a total donation of 100,000 yuan to the "Love Under the Blue Sky" fundraising campaign in 2022[176]. Shareholder Relations and Dividends - The company aims for a stable and continuous dividend distribution policy, with a minimum cash dividend of 20% of the distributable profit for the year if there are no major investment plans[156]. - The company will not distribute cash dividends or implement other forms of distribution, including capital reserve transfers, for the year 2022[160]. - Independent directors have fulfilled their responsibilities and played a significant role in the dividend distribution process[161]. - The company will provide opportunities for minority shareholders to express their opinions and protect their legal rights[162]. Acquisitions and Investments - The company completed the acquisition of 58.5% of Wuxi Shengbang Electronics Co., Ltd., enhancing its position in the domestic automotive sensor market[34]. - The company invested in Xi'an Zhongke Alpha Electronics Technology Co., Ltd. to develop magnetic sensor chips, which will support existing product lines[35]. - The company completed the acquisition of 15% equity in Wuxi Shengmaike Sensor Technology Co., Ltd. for RMB 31.5 million, increasing its total ownership to 84%[84]. - The company reported a loss of RMB 100.71 million from its investments during the reporting period[87]. Financial Position and Assets - As of the end of 2022, the total assets of the company were approximately ¥2.19 billion, an increase of 38.91% from ¥1.58 billion at the end of 2021[22]. - The company’s cash and cash equivalents rose by 61.84% to 166.70 million yuan[74]. - The company reported a 489.15% increase in goodwill, amounting to 289.07 million yuan[74]. - The company’s financial assets include a total of RMB 312.55 million, with significant changes in fair value during the reporting period[91].

2022 年第三季度报告 证券代码：603121 证券简称：华培动力 上海华培动力科技（集团）股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | 项目 | 本报告期 | 本报告期比 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 236,038,413.60 | -3.51 | 626,671,398.41 | -11.21 | | 归属于上 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, achieving a total of 1.5 billion RMB, representing a year-on-year growth of 25%[1]. - The company's operating revenue for the first half of 2022 was RMB 390.63 million, a decrease of 15.29% compared to RMB 461.15 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company was RMB 1.46 million, down 96.69% from RMB 44.11 million year-on-year[21]. - Basic earnings per share for the first half of 2022 were RMB 0.0017, a decrease of 98.69% from RMB 0.13 in the same period last year[22]. - The company's net profit for the first half of 2022 was a loss of ¥4,098,007.77, compared to a profit of ¥19,127,650.46 in the same period of 2021, indicating a significant decline[160]. - The company reported a net loss of CNY 42,184,480.00 for the first half of 2022, indicating a significant financial challenge[173]. Cash Flow and Investments - The net cash flow from operating activities increased by 156.97% to RMB 67.77 million, compared to RMB 26.37 million in the previous year[21]. - The company reported a significant increase in cash and cash equivalents, rising by 121.67% to approximately ¥228.32 million[49]. - The company incurred a total of ¥89,158,132.20 in financing cash outflows, a decrease from ¥153,140,601.02 in the first half of 2021[163]. - The net cash flow from financing activities improved to 17,089,800.48 RMB in the first half of 2022, compared to a negative 70,247,546.67 RMB in the same period of 2021[165]. - The company reported an investment cash outflow of ¥643,268,943.00, compared to ¥352,090,167.79 in the previous year, indicating increased investment activity[163]. Market Expansion and Product Development - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 20% to 30% based on current market trends and demand[1]. - New product development is underway, with the launch of two innovative products expected by Q4 2022, aimed at enhancing market competitiveness[1]. - The company is expanding its market presence, targeting new regions in Southeast Asia, with plans to establish local partnerships by the end of 2022[1]. - The company is focusing on expanding its presence in the new energy vehicle sector by developing sensors for autonomous driving and hydrogen fuel cell systems[42]. Research and Development - The company has allocated 200 million RMB for research and development in 2022, focusing on advanced technologies to improve product efficiency[1]. - The company is actively developing hydrogen fuel cell sensors, including pressure, temperature, and leak sensors, to align with the demand for electrification and intelligence in the automotive sector[32]. - The company is focusing on enhancing its core R&D capabilities in pressure sensors and is developing a full range of products to meet market demands[31]. Strategic Initiatives - A strategic acquisition is in progress, which is anticipated to enhance the company's technological capabilities and market share, expected to be finalized by Q1 2023[1]. - The company completed a 15% equity acquisition of Shengmaike, increasing its total ownership to 84%[42]. - The company has established long-term partnerships with major turbocharger manufacturers, enhancing its competitive advantage in the market[31]. Sustainability and Compliance - The management highlighted a commitment to sustainability, with initiatives aimed at reducing carbon emissions by 15% over the next three years[1]. - The company strictly adheres to environmental protection policies, ensuring all pollutants are discharged within standards[74]. - Various air pollution control facilities have been installed to ensure compliance with emission standards[75]. Financial Health and Risks - The company has maintained a strong balance sheet, with a current ratio of 2.5, indicating good short-term financial health[1]. - No significant risks were identified that could materially impact the company's operations in the reporting period[1]. - The company's total liabilities increased to CNY 535,982,981.46 from CNY 423,857,528.28, an increase of approximately 26.5%[150]. Shareholder Information - The company allows shareholders to reduce their holdings by up to 5% of the total shares registered in their name at the end of the previous year within two years after the lock-up period expires[86]. - The company will extend the lock-up period by an additional 3 to 6 months if any shareholder violates their commitments regarding share reductions[89]. - The company will prioritize cash dividends, distributing at least 20% of the annual distributable profits if there are no major investment plans or cash expenditures[113].

Dividend Policy - The company plans to distribute a cash dividend of 2.00 CNY (including tax) for every 10 shares and to convert 3 shares from capital reserves for every 10 shares[6]. - The profit distribution policy requires that at least 20% of the distributable profit for the year must be distributed as cash dividends, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profit[138]. - The company will retain undistributed profits for future operational needs and will not propose a cash distribution if it does not meet the established profit distribution policy[138]. - The independent directors are required to provide clear opinions on the profit distribution proposals and any adjustments to the profit distribution policy[137]. - The company must communicate with shareholders, especially minority shareholders, to gather their opinions before the annual general meeting on cash dividend proposals[138]. - The profit distribution policy can only be modified with a two-thirds majority vote from shareholders present at the meeting, following a review by the supervisory board[137]. - The supervisory board will oversee the execution of the profit distribution policy and the decision-making process by the board of directors[138]. - The company must disclose reasons for not proposing a cash distribution if it is profitable and has positive distributable profits[139]. Financial Performance - The company's operating revenue for 2021 was RMB 921,294,959.24, representing a 44.30% increase compared to RMB 638,442,969.56 in 2020[22]. - The net profit attributable to shareholders for 2021 was RMB 68,177,913.77, which is a 15.70% increase from RMB 58,928,691.82 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 55,633,816.63, reflecting a 21.31% increase from RMB 45,859,231.41 in 2020[22]. - The net cash flow from operating activities for 2021 was RMB 94,873,298.89, showing a decrease of 14.67% compared to RMB 111,182,883.35 in 2020[22]. - As of the end of 2021, the total assets amounted to RMB 1,578,730,547.64, a decrease of 1.69% from RMB 1,605,813,857.18 at the end of 2020[22]. - The net assets attributable to shareholders at the end of 2021 were RMB 1,154,942,603.80, which is a 3.23% increase from RMB 1,118,822,267.10 at the end of 2020[22]. Risk Management - There are no significant risks that could materially affect the company's operations during the reporting period[8]. - The company has disclosed potential risks in the management discussion and analysis section of the report[8]. - The annual report includes a forward-looking statement risk declaration, advising investors to be aware of investment risks[7]. - The company has not faced any substantial operational risks during the reporting period[8]. Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the annual report, with all members present at the meeting[4]. - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has not experienced any insider trading incidents during the reporting period, adhering to strict confidentiality protocols[97]. - The company maintains a governance structure that ensures clear responsibilities and effective checks and balances among its board, supervisory board, and management[95]. Research and Development - The company is actively engaged in research and development of new technologies to improve product efficiency and compliance with emission standards[22]. - The company emphasizes R&D in high-temperature metal materials and advanced casting technologies, maintaining a strong focus on innovation[45]. - The company has submitted multiple patent applications and is developing new materials to meet stringent future emission standards[46]. - The company is expanding its sensor division, focusing on pressure sensors and magnetic sensors for various applications, including automotive and industrial sectors[40]. Market Strategy - The company is focused on expanding its market presence and enhancing its product offerings in response to evolving industry standards[22]. - The company plans to explore potential mergers and acquisitions to strengthen its market position and drive growth[22]. - The company aims to expand its product offerings in high-margin and high-value areas, leveraging its proximity to R&D and market trends[34]. - The company is positioned as a leading supplier in the global turbocharger parts market, with a significant share in the EGR component segment[82]. Employee and Management - The company has a total of 1,612,847.95 hours of outsourced labor, with total payments amounting to 42,310,839.68 RMB[133]. - The company continues to invest in employee training to maintain its competitive advantage in the traditional automotive turbocharging sector[132]. - The company has implemented a performance management mechanism for senior management, linking evaluations to compensation, bonuses, promotions, and annual salary adjustments[144]. - The company has a structured approach to determining the remuneration of its senior management, considering industry standards and individual contributions[114]. Environmental Responsibility - The company faced an administrative penalty of 100,000 RMB due to environmental violations related to air pollution control measures[149]. - The company installed various air pollution control facilities, ensuring compliance with emission standards[150]. - The company adopted energy monitoring platforms and automated production lines to reduce energy consumption and carbon emissions[152]. Shareholder Commitments - The controlling shareholder, Huajian Investment, committed to not transferring or entrusting the management of shares held before the IPO for 36 months from the date of listing[161]. - The actual controller, Wu Huailai, made a similar commitment regarding his shares, with an automatic extension of the lock-up period if certain price conditions are met[162]. - Other natural person shareholders, including directors and senior management, committed to not transferring more than 25% of their shares annually during their tenure and for six months after leaving[163]. - The company has established measures to prevent conflicts of interest and competition from its controlling shareholders[172].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 213,879,415.51, representing a year-on-year decrease of 7.25%[5] - The net profit attributable to shareholders of the listed company was CNY 4,007,438.16, down 84.46% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 93.12%[6] - The basic and diluted earnings per share were both CNY 0.02, reflecting an 80% decrease compared to the previous year[6] - Net profit for Q1 2022 was ¥3,989,543.48, a significant decline of 84.5% from ¥25,753,847.84 in Q1 2021[22] Cash Flow - The net cash flow from operating activities was negative CNY 2,044,478.91, a decline of 132.85% year-on-year[6] - The net cash flow from operating activities was negative at -¥2,044,478.91, compared to a positive cash flow of ¥6,223,986.62 in Q1 2021[24] - Cash inflows from operating activities totaled ¥214,688,947.94, slightly down from ¥215,425,329.89 in the same quarter last year[24] - The net increase in cash and cash equivalents was 14,759,508.33, recovering from a decrease of -25,400,004.17[25] - The ending balance of cash and cash equivalents was 114,583,864.30, down from 217,501,095.77 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,577,060,066.36, a slight decrease of 0.11% from the end of the previous year[6] - As of March 31, 2022, the company's total assets amounted to approximately CNY 1.577 billion, a slight decrease from CNY 1.578 billion at the end of 2021[16] - The total current liabilities increased to CNY 383.84 million from CNY 354.41 million, representing an increase of approximately 8%[17] - The total liabilities amounted to ¥414,971,360.93, a slight decrease from ¥423,857,528.28 in the previous year[21] - The total equity attributable to shareholders was ¥1,162,176,184.55, an increase from ¥1,154,942,603.80 year-over-year[21] Operational Costs - Overall, the company experienced increased operational costs due to rising energy prices and higher period expenses related to stock incentives and foreign exchange losses[10] - Total operating costs increased to ¥209,856,077.24, up from ¥200,512,615.91 in the same period last year, representing a rise of 4.1%[21] Investments - The company's long-term equity investments significantly increased to CNY 30.72 million from CNY 1.37 million, showing a substantial growth of over 2000%[17] - The company reported a significant increase in investment cash inflows, totaling ¥345,792,297.35 compared to ¥190,000,000.00 in Q1 2021[24] - Net cash inflow from investment activities was 349,311,115.14, compared to 191,538,257.88 in the previous period[25] - Cash outflow from investment activities totaled 351,999,233.62, up from 232,674,638.74 in the prior period[25] Production Challenges - The significant decline in profit was attributed to rising raw material costs, particularly nickel, which increased from approximately CNY 150,000 per ton to CNY 290,000 per ton[10] - The company faced production capacity constraints due to local power restrictions, leading to increased outsourcing costs[10] Research and Development - Research and development expenses increased to ¥13,395,948.10, up 41.4% from ¥9,492,651.04 in the previous year[21] Other Financial Metrics - The weighted average return on net assets was 0.35%, down 1.93 percentage points from the previous year[6] - The company's cash and cash equivalents increased to CNY 116.24 million from CNY 103.00 million, reflecting a growth of approximately 12%[16] - Accounts receivable rose to CNY 229.01 million, up from CNY 219.65 million, indicating an increase of about 4%[16] - The inventory level remained stable at CNY 206.35 million, slightly up from CNY 205.51 million[16] - The company reported a total of 839.13 million in current assets, a decrease from 868.01 million, reflecting a decline of about 3%[16] - The total non-current assets increased to CNY 737.93 million from CNY 710.72 million, indicating a growth of approximately 4%[17] - The company's short-term borrowings rose to CNY 93.32 million from CNY 75.23 million, an increase of about 24%[17] - The company has no significant related party transactions disclosed in the report[13]

Financial Performance - The company's operating revenue for Q3 2021 was ¥244,623,022.52, representing a year-on-year increase of 48.80%[5] - The net profit attributable to shareholders for the same period was ¥17,010,150.66, showing a decrease of 12.55% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses for the year-to-date was ¥51,686,397.97, reflecting a year-on-year increase of 32.74%[6] - The basic earnings per share for Q3 2021 was ¥0.06, down 25.00% from the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥705,777,338.36, a significant increase of 59.9% compared to ¥441,246,128.11 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥61,022,588.92, representing a 24.2% increase from ¥49,165,185.71 in 2020[20] - Earnings per share for the first three quarters of 2021 were ¥0.23, compared to ¥0.19 in the same period of 2020[21] - The company reported an operating profit of ¥70,539,529.23 for the first three quarters of 2021, an increase of 17.5% from ¥59,748,993.66 in 2020[20] - The total profit for the first three quarters of 2021 was ¥72,014,349.41, up 24.9% from ¥57,653,497.86 in the same period of 2020[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,687,691,640.37, an increase of 5.10% compared to the end of the previous year[6] - As of September 30, 2021, the total assets amounted to CNY 1,687,691,640.37, an increase from CNY 1,605,813,857.18 at the end of 2020[15] - The total liabilities were reported at CNY 543,950,766.16, compared to CNY 486,920,157.79 at the end of 2020, indicating a rise in liabilities[17] - The total equity attributable to shareholders reached CNY 1,143,765,649.62, up from CNY 1,118,822,267.10, showing a growth of about 2.2%[17] - The total liabilities to total assets ratio was approximately 32.3%, up from 30.3% at the end of 2020, suggesting a slight increase in leverage[17] Cash Flow - The cash flow from operating activities for the year-to-date was ¥47,345,356.86, which is a decrease of 53.33% compared to the previous year[6] - In the first three quarters of 2021, the cash inflow from operating activities was CNY 727,013,081, an increase of 43.3% compared to CNY 507,182,105.54 in the same period of 2020[22] - The net cash flow from operating activities decreased to CNY 47,345,356.86, down 53.4% from CNY 101,456,025.34 in the previous year[22] - The cash inflow from investment activities was CNY 566,143,407.46, a decrease of 52.0% compared to CNY 1,181,069,600.31 in the same period of 2020[24] - The net cash flow from investment activities was -CNY 126,823,615.81, worsening from -CNY 64,650,119.38 in the previous year[24] - The cash inflow from financing activities totaled CNY 216,154,800, an increase of 22.5% from CNY 176,450,861.51 in the same period of 2020[24] - The net cash flow from financing activities improved to CNY 3,226,732.04, compared to a negative CNY 37,291,346.13 in the previous year[24] - The total cash and cash equivalents at the end of the period were CNY 163,728,524.59, compared to CNY 113,458,247.26 at the end of the same period in 2020[24] - The company reported a net decrease in cash and cash equivalents of CNY 79,172,575.34 for the period[24] Costs and Expenses - The increase in costs due to rising metal material prices negatively impacted the overall gross margin[10] - The company experienced an increase in accounts receivable and inventory due to the growth in sales revenue, leading to higher working capital requirements[10] - Total operating costs for the first three quarters of 2021 were ¥639,224,027.50, up 63.7% from ¥390,812,323.05 in the previous year[19] - Research and development expenses increased to ¥40,955,370.31 in 2021, up 92.3% from ¥21,351,191.21 in 2020[19] Investments and Impairments - The company incurred a credit impairment loss of ¥2,295,415.72 in 2021, compared to a loss of ¥245,124.93 in 2020[20] - The company’s investment income from joint ventures showed a loss of ¥1,173,430.50 in 2021, compared to a loss of ¥165,606.63 in 2020[20] - The company’s long-term equity investments rose to CNY 355,341.44 from CNY 81,476.97, indicating a significant increase[16] - The company invested CNY 572,780,000 in investment activities, down 52.1% from CNY 1,195,380,000 in the previous year[24] - The cash paid for the purchase of fixed assets and intangible assets was CNY 118,712,527.67, an increase of 136.3% from CNY 50,189,719.69 in the same period of 2020[24]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a 25% year-over-year growth[1]. - The company's operating revenue for the first half of 2021 was approximately RMB 461.15 million, representing a 66.57% increase compared to RMB 276.85 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was approximately RMB 44.11 million, an increase of 48.33% from RMB 29.74 million in the previous year[19]. - The basic earnings per share for the first half of 2021 was RMB 0.17, reflecting a 54.55% increase compared to RMB 0.11 in the same period last year[19]. - The total comprehensive income for the current period amounted to CNY 44,108,645.96, compared to CNY 29,736,181.93 in the same period last year, indicating a year-over-year increase of about 48.5%[153]. Market Outlook and Growth - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30% based on current market trends and demand[1]. - The company attributed revenue growth to the overall recovery of the macro economy and the increase in orders from existing businesses and new acquisitions[19]. - The market demand for turbochargers is expected to continue growing due to stricter fuel consumption regulations globally[22]. - The company is actively pursuing research and development in new energy vehicle technologies, which may affect the market demand for turbochargers[52]. Product Development and Innovation - New product development efforts have led to the launch of two innovative products, which are expected to contribute an additional RMB 100 million in revenue by the end of the year[1]. - The company's R&D investment amounted to RMB 25.09 million, representing 5.44% of total revenue[25]. - The company has developed multiple invention patents related to high-temperature steel and alloy production methods, showcasing its commitment to R&D[30]. - The company is advancing the development of its second-generation fuel cell air compressor technology to reduce energy consumption[49]. Financial Health and Stability - There are no significant risks identified that could impact the company's operations, ensuring a stable business environment for future growth[1]. - The total assets at the end of the reporting period were approximately RMB 1.63 billion, a 1.55% increase from RMB 1.61 billion at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were approximately RMB 1.12 billion, showing a slight increase of 0.44% from RMB 1.12 billion at the end of the previous year[19]. - The company reported a decrease in financial expenses, with interest expenses amounting to ¥2.02 million in the first half of 2021, compared to ¥67,351 in the same period of 2020[144]. Cash Flow and Investments - The net cash flow from operating activities decreased by 54.29% to RMB 26.37 million, down from RMB 57.70 million in the same period last year[19]. - The company reported cash inflow from financing activities of ¥22,042,350.00, compared to ¥54,300,000.00 in the same period of 2020, a decrease of 59.5%[150]. - The cash outflow for purchasing goods and services was ¥206,801,309.36, a decrease from ¥238,103,016.54 in the first half of 2020, indicating improved cost management[150]. Shareholder Commitments and Governance - The board of directors confirmed that all financial reports are accurate and complete, with no major omissions or misleading statements[1]. - The controlling shareholder, Huajian Investment, commits to not transferring or entrusting the management of shares held before the issuance for 36 months post-listing[69]. - The company will ensure compliance with legal and regulatory requirements regarding share reductions, including timely disclosure of information[74]. - The company has established a system to avoid competition, ensuring that its actual controllers and related parties do not engage in competing businesses[80]. Subsidiaries and Partnerships - The company has established long-term partnerships with major turbocharger manufacturers, including BorgWarner and Garrett, enhancing its competitive advantage[22]. - The company’s subsidiary, Wuxi Shengmaike, has entered Bosch's supply chain, focusing on hydrogen fuel cell sensor development[23]. - The company completed the acquisition of an additional 18% stake in Wuxi Shengmaike for ¥36.45 million, increasing its total ownership to 69%[46]. Risks and Challenges - The automotive industry is facing risks due to ongoing supply chain disruptions and material shortages, which may impact the company's production and profitability[50]. - The company is exposed to exchange rate risks due to its significant foreign currency receivables from export operations[51]. - The company is addressing rising raw material costs by negotiating with suppliers and diversifying procurement channels[33].

Financial Performance - The company's operating revenue for 2020 was approximately ¥638.44 million, representing a 1.22% increase from ¥630.72 million in 2019[22]. - The net profit attributable to shareholders decreased by 39.67% to ¥58.93 million in 2020, down from ¥97.68 million in 2019[22]. - The net profit excluding non-recurring gains and losses also fell by 40.84% to ¥45.86 million in 2020 compared to ¥77.51 million in 2019[22]. - Cash flow from operating activities increased by 35.22% to ¥111.18 million in 2020, up from ¥82.23 million in 2019[22]. - Total assets grew by 14.14% to ¥1.61 billion at the end of 2020, compared to ¥1.41 billion at the end of 2019[22]. - The net assets attributable to shareholders increased by 1.03% to ¥1.12 billion at the end of 2020, compared to ¥1.11 billion at the end of 2019[22]. - The company achieved an annual revenue of 638 million yuan, representing a year-on-year growth of 1.22%[24]. - The net profit decreased by 39.67% year-on-year, amounting to 0.39 billion yuan, primarily due to a 1.30% reduction in sales prices and increased labor costs during the pandemic[25]. - The weighted average return on equity decreased to 5.29%, down 4.18 percentage points from the previous year[24]. - The company reported a basic earnings per share of 0.23 yuan, a decline of 39.47% compared to the previous year[24]. Dividend Policy - The company plans to distribute a cash dividend of 1.6 RMB per 10 shares to all shareholders for the 2020 fiscal year, pending approval from the shareholders' meeting[5]. - The cash dividend distribution for 2020 represents 70.38% of the net profit attributable to shareholders, with a total of 41,472,000 RMB to be distributed[112]. - The company has a policy that mandates a minimum cash dividend distribution of 20% of the distributable profit for any given year[109]. - Over the last three years, the cumulative cash dividends distributed must not be less than 30% of the average annual distributable profit[109]. - The company has not proposed a cash dividend distribution plan for the fiscal year despite having positive distributable profits, which requires detailed disclosure of reasons and future plans for retained earnings[113]. - The company’s profit distribution policy cannot be changed arbitrarily and requires a two-thirds majority approval from shareholders for any amendments[107]. Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - There are no significant risks that materially affect the company's operations during the reporting period[7]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for providing guarantees[7]. - The company has confirmed that all board members attended the board meeting, ensuring the accuracy and completeness of the annual report[8]. - The company has a comprehensive governance structure in place, ensuring accountability among its board and management[9]. - The company has established a system to manage related party transactions, ensuring fair pricing and protecting shareholder interests[130]. - The actual controller, Wu Huai Lei, has pledged to avoid and reduce related party transactions, ensuring compliance with relevant laws and regulations[130]. Market and Strategic Outlook - The company plans to continue expanding its market presence and invest in new product development[21]. - The company is focusing on enhancing its technology capabilities, particularly in turbocharger systems and related components[21]. - Future guidance indicates a cautious outlook due to market uncertainties but aims for gradual recovery in performance[21]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[21]. - The company aims to embrace automotive intelligence and electrification as part of its strategic development direction[34]. - The company is actively pursuing opportunities in the automotive intelligence sector, elevating sensor technology to a strategic level[49]. - The company plans to enhance its sensor business, focusing on commercial vehicle exhaust after-treatment systems and hydrogen fuel cell systems[93]. Risks and Challenges - The company faces risks from industry fluctuations and potential impacts from the ongoing COVID-19 pandemic on the automotive market[97]. - The development of new energy vehicles may affect the demand for turbochargers, posing a risk to the company's market position[100]. - The company experienced challenges in production efficiency due to the pandemic, leading to underutilization of capacity at the Wuhan factory[26]. - The company’s new product lines, including exhaust systems, are in the early stages of mass production, facing initial quality stability challenges[54]. Research and Development - R&D investment for the reporting period was CNY 30.12 million, accounting for 4.72% of total revenue[36]. - The company plans to focus on R&D and technological innovation, specifically in lightweight heat-resistant steel components and new high-temperature materials, with an increased R&D investment in 2021[95]. - The number of R&D personnel was 77, representing 6.94% of the total workforce[70]. Financial Management - The company has entrusted cash asset management, with a total of RMB 151,500.00 million in various financial products, including RMB 80,500.00 million in bank wealth management products from idle raised funds[167]. - The company has a total of 5,000 million RMB in entrusted loans, with no overdue amounts reported[175]. - The total amount of guarantees provided by the company, including those to subsidiaries, is RMB 17,524.90 million, which accounts for 15.66% of the company's net assets[165]. Shareholder Relations - The company must communicate with shareholders, especially minority shareholders, before the annual general meeting to gather their opinions on the cash dividend plan[106]. - The company’s board of supervisors is responsible for overseeing the implementation of the profit distribution policy and ensuring compliance with the decision-making process[106]. - The company has committed to measures to stabilize stock prices, including public explanations for any failure to implement these measures[139]. Social Responsibility - The company actively supports social responsibility initiatives, including donations during the COVID-19 pandemic and establishing an education fund[180]. - Environmental protection measures were adhered to, with all emission indicators meeting national standards in 2020[181].