证券代码：603158 证券简称：腾龙股份 公告编号：2023-045 常州腾龙汽车零部件股份有限公司 关于召开2022年度暨2023年第一季度业绩说明会 的公告 2.召开地点：中国基金报-机会宝网上路演中心 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： ● 说明会召开时间：2023年5月12日（星期五）15：00-16：00 ● 说明会召开地点：中国基金报-机会宝网上路演中心（www.jhbshow.com） ● 说明会召开方式：网络平台在线交流 ● 投资者可于2023年5月12日14：00前，将需要了解和关注的问题通过电子 邮件的形式发送至公司邮箱（securities@cztl.cn）。本公司将于2022年度暨2023 年第一季度业绩说明会（以下简称"说明会"）上对投资者普遍关注的问题进行 回答。 一、业绩说明会类型 常州腾龙汽车零部件股份有限公司（以下简称"公司"）已分别于 2023 年 4 月 4 日和 2023 年 4 月 29 日在上海证券交易所网站（www.sse.com.cn）披露公 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥677,321,058.41, representing a 14.03% increase compared to ¥593,994,655.67 in the same period last year[5] - Net profit attributable to shareholders for Q1 2023 was ¥36,999,548.00, a 30.07% increase from ¥28,445,484.91 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥32,935,261.46, reflecting a 40.48% increase from ¥23,445,498.93 year-on-year[6] - Total operating revenue for Q1 2023 reached ¥677,321,058.41, an increase of 14.0% compared to ¥593,994,655.67 in Q1 2022[20] - Net profit for Q1 2023 was ¥44,514,714.53, representing a 30.2% increase from ¥34,224,794.61 in Q1 2022[21] - The net profit attributable to shareholders of the parent company was ¥36,999,548.00, up 30.2% from ¥28,445,484.91 in Q1 2022[21] - The company reported a total profit of ¥52,825,068.27 for Q1 2023, compared to ¥45,144,361.16 in Q1 2022, marking an increase of 16.9%[21] Cash Flow - The net cash flow from operating activities reached ¥53,494,846.79, marking a significant increase of 100.46% compared to ¥26,685,893.21 in the previous year[6] - In Q1 2023, the company's operating cash inflow was CNY 724,029,920.87, a 30.7% increase from CNY 553,991,576.92 in Q1 2022[24] - The net cash flow from operating activities for Q1 2023 was CNY 53,494,846.79, compared to CNY 26,685,893.21 in Q1 2022, reflecting a significant improvement[24] - Cash inflow from financing activities in Q1 2023 was CNY 382,381,626.24, an increase of 70.4% compared to CNY 224,494,364.00 in Q1 2022[25] - The net cash flow from financing activities was -CNY 33,667,447.47 in Q1 2023, a decline from a positive net flow of CNY 9,917,288.05 in Q1 2022[25] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥4,103,998,921.82, a slight increase of 0.41% from ¥4,087,407,406.39 at the end of the previous year[6] - The company's current assets totaled CNY 2,496,130,475.52, a decrease from CNY 2,544,064,162.15, indicating a decline of about 1.9%[14] - Total liabilities increased to CNY 2,496,130,475.52, reflecting a rise from the previous period[15] - Total liabilities decreased to ¥1,904,507,544.19 in Q1 2023 from ¥1,936,026,605.43 in Q1 2022, a reduction of approximately 1.0%[19] - Total equity increased to ¥2,199,491,377.63 in Q1 2023, compared to ¥2,151,380,800.96 in Q1 2022, reflecting a growth of about 2.2%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,203[10] - The largest shareholder, Tenglong Technology Group Co., Ltd., holds 27.26% of the shares, with 86,676,000 shares pledged[11] - The company reported a total of 10 major shareholders, with Tenglong Technology Group Co., Ltd. holding 133,768,236 shares, representing a significant portion of the equity[12] Research and Development - Research and development expenses for Q1 2023 were ¥26,918,424.03, up from ¥24,085,224.25 in Q1 2022, indicating a focus on innovation[20] Other Financial Metrics - The weighted average return on net assets increased by 0.41 percentage points to 1.91%[6] - Earnings per share for Q1 2023 remained stable at ¥0.08, consistent with Q1 2022[21] - Other comprehensive income after tax for Q1 2023 was ¥1,565,737.13, down from ¥2,895,610.61 in Q1 2022, indicating a decrease of approximately 45.9%[21] Investment Activities - The total cash inflow from investment activities in Q1 2023 was CNY 174,804,050.44, down 54.5% from CNY 384,645,696.07 in Q1 2022[25] - The net cash flow from investment activities was -CNY 77,093,026.79 in Q1 2023, worsening from -CNY 53,051,672.36 in Q1 2022[25] - The total cash outflow from investment activities was CNY 251,897,077.23 in Q1 2023, a decrease from CNY 437,697,368.43 in Q1 2022[25] - The company reported a significant increase in cash paid for purchasing goods and services, totaling CNY 407,856,639.84 in Q1 2023, compared to CNY 304,814,752.72 in Q1 2022[24] Acquisitions - The company completed the acquisition of 51% equity in Hong Kong Fulide Investment Holdings Limited for ¥67.2 million, which was approved in late 2022[6] Market Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[13]

Financial Performance - The company's operating revenue for 2022 was approximately ¥2.67 billion, representing a year-on-year increase of 14.47% compared to ¥2.33 billion in 2021 [24]. - The net profit attributable to shareholders of the listed company for 2022 was approximately ¥123.43 million, a 34.90% increase from ¥91.50 million in 2021 [24]. - The cash flow from operating activities for 2022 was approximately ¥144.96 million, showing a significant increase of 61.83% compared to ¥89.57 million in 2021 [24]. - Basic earnings per share for 2022 were ¥0.25, reflecting a 19.05% increase from ¥0.21 in 2021 [25]. - The weighted average return on net assets for 2022 was 6.48%, a slight decrease of 0.07 percentage points from 6.55% in 2021 [25]. - The total assets at the end of 2022 were approximately ¥4.09 billion, an increase of 8.87% from ¥3.75 billion at the end of 2021 [24]. - The net assets attributable to shareholders of the listed company at the end of 2022 were approximately ¥1.92 billion, a 4.08% increase from ¥1.84 billion at the end of 2021 [24]. - The company reported a net profit of approximately ¥16.75 million in Q4 2022, a decrease compared to previous quarters [28]. - The company achieved a revenue of 2,669.72 million RMB in 2022, representing a year-on-year growth of 14.47% [35]. - The net profit attributable to shareholders was 123.43 million RMB, an increase of 34.90% compared to the previous year [35]. Dividend Distribution - The company plans to distribute a cash dividend of 0.8 yuan per 10 shares, totaling approximately 39.26 million yuan, which accounts for 31.81% of the net profit attributable to shareholders for the year [6]. - The company plans to maintain a stable profit distribution policy, with cash dividends proposed annually based on profitability and funding needs [134]. - The company has a cash dividend policy that prioritizes cash distributions when conditions are met, with a minimum of 30% of average distributable profits over three years [132]. - The company plans to distribute at least 25% of its distributable profits as cash dividends, subject to certain conditions [131]. - The company reported a cash dividend amount of ¥39,263,944.48, which represents 31.81% of the net profit attributable to ordinary shareholders in the consolidated financial statements [137]. Acquisitions and Investments - The company completed the acquisition of 51% equity in Hong Kong Fulide Investment Holdings Limited for ¥67.20 million, which constitutes a business combination under common control [26]. - The company agreed to acquire a stake in Hong Kong Fulaide Investment Holdings Limited, with the proposal submitted for board review [122]. - The company completed the acquisition of a 12% stake in Beijing Tenglong Tianyuan Rubber and Plastic Co., Ltd. for CNY 71.1 million, increasing its ownership to 88% [79]. - The company has committed to achieving a cumulative net profit of no less than RMB 38 million from 2023 to 2025 for the acquired Hong Kong Fulai Investment Holdings Limited [152]. - The company invested RMB 67.2 million in Tenglong Automotive Parts (Hong Kong) Limited to acquire 51% of the equity in Fulide Investment [159]. Research and Development - The company has significantly increased R&D investment, resulting in successful product validations and production line installations, with wireless charging products developed in-house and partnerships with major smartphone manufacturers [39]. - The company’s R&D expenses rose by 8.74% to CNY 112.63 million, indicating a commitment to innovation and product development [50]. - The company has over 300 patents, including nearly 30 invention patents, enhancing its competitive edge in automotive thermal management systems [47]. - The company aims to enhance operational efficiency by implementing automation in production lines and controlling expense ratios, contributing to cost reduction and efficiency improvement [40]. - The company is committed to increasing R&D efforts to gain recognition for its integrated module products from major manufacturers [95]. Market and Industry Trends - The automotive parts industry is recovering alongside rising vehicle sales, with a favorable innovation environment and supportive government policies expected to drive growth in the next decade [41]. - The implementation of China's "National VI" emission standards is expected to drive rapid growth in the demand for automotive energy-saving and environmental protection components [90]. - The company is actively developing in the hydrogen fuel cell sector, indicating a strategic focus on emerging technologies [42]. - The company is focused on improving its supply chain to adapt to global market demands and enhance international management capabilities [94]. - The company is committed to expanding its product applications in new energy vehicles, aiming for sustainable development in the automotive parts industry [91]. Governance and Compliance - The company has received a standard unqualified audit report from the accounting firm Tianye [5]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity of the annual report [8]. - The company has not encountered any violations regarding guarantees during the reporting period [154]. - The company has established internal control systems to manage and supervise its subsidiaries effectively [141]. - The company has not reported any significant internal control deficiencies during the reporting period [140]. Shareholder Structure - The total number of ordinary shareholders as of the end of the reporting period is 24,152 [176]. - The top ten shareholders hold a total of 133,768,236 shares, representing 27.26% of the total shares [179]. - The largest shareholder, Tenglong Technology Group Co., Ltd., increased its holdings by 38,219,496 shares during the reporting period [179]. - The company has a total of 302,015,680 unrestricted circulating shares, representing 86.15% of total shares [170]. - The company has not issued any new securities during the reporting period [176]. Environmental and Social Responsibility - The company has invested ¥1,820,800 in environmental protection during the reporting period [144]. - The company has implemented carbon reduction measures, resulting in a decrease of 756 tons of CO2 equivalent emissions, utilizing clean energy for power generation [147]. - The company has allocated a total of ¥1,145,100 for charitable donations and public welfare projects during the reporting period [148]. Financial Management - The company has engaged in various wealth management activities, with a total investment of RMB 865 million in bank wealth management products [162]. - The company has a structured salary management system that includes performance-based pay to enhance employee motivation [126]. - The company raised a total of 5000 million in capital through various financial products, with interest rates ranging from 1.3% to 1.65% and recovery rates reported at 100% for most products [165]. - The company has a total of RMB 140.87 million in bank wealth management products, with RMB 21.29 million still outstanding [162]. - The company has a total of 48,555,253 restricted shares, which were unlocked during the reporting period [171].

2022 年第三季度报告 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 1 / 14 2022 年第三季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 证券代码：603158 证券简称：腾龙股份 常州腾龙汽车零部件股份有限公司 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。 上年同期 比上年同 期增减变 动幅度(%) 年初至报告期末 上年同期 期末比上年 同期增减变 动幅度(%) 调整前 调整后 调整后 调整前 调整后 调整后 营业收入 649,640,881.89 436,283,410.81 436,283,410.81 48.90 1,718,527,427.13 1,424,301,125.06 1,424,301,12 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,068,886,545.24, representing an increase of 8.18% compared to CNY 988,017,714.25 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 26.08% to CNY 55,086,063.96 from CNY 74,520,479.43 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 47,730,306.68, down 30.53% from CNY 68,709,619.20 in the same period last year[18]. - The net cash flow from operating activities was CNY 101,633,059.40, a significant increase from a negative CNY 17,967,154.45 in the previous year, marking a 665.66% change[19]. - Basic earnings per share decreased by 38.89% to CNY 0.11 compared to the same period last year[20]. - Diluted earnings per share also decreased by 38.89% to CNY 0.11 compared to the same period last year[20]. - The company reported a total of CNY 6,305,525.43 in government subsidies recognized during the period[22]. - The total comprehensive income attributable to the parent company for the first half of 2022 was CNY 51,606,032.85, down from CNY 71,906,286.31 in the first half of 2021[95]. - The company reported a profit distribution of CNY 85,044,480 for the first half of 2022, with a significant loss of CNY 116,936,160 recorded[112]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 3,688,129,572.66, reflecting a 2.11% increase from CNY 3,612,053,904.99 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 1.53% to CNY 1,914,749,398.28 from CNY 1,885,813,952.77 at the end of the previous year[19]. - Total liabilities increased to CNY 1,592,799,572.66 from CNY 1,485,004,397.10, marking an increase of about 7.3%[87]. - The company's total assets included ¥166,428,347.04 in overseas assets, accounting for 4.51% of total assets[47]. - The total liabilities at the end of the reporting period were CNY 1,248,306,618.66, indicating a stable financial position[114]. Revenue and Sales - Sales of thermal management system products reached 635.67 million yuan, a year-on-year increase of 24.65%[33]. - EGR systems and sensors generated sales of 121.83 million yuan, up 17.58% year-on-year[33]. - Domestic sales accounted for 806.55 million yuan, a growth of 9.51%, while international sales were 227.00 million yuan, down 2.78%[33]. - The EGR business achieved sales revenue of 121 million yuan, reflecting a growth of 17.58%[37]. - The company reported a total of CNY 466,458,701.18 in sales revenue from goods and services received, an increase from CNY 332,504,649.27 in the first half of 2021, reflecting a growth of approximately 40%[104]. Research and Development - The company aims to enhance R&D capabilities and optimize customer and product structures to improve profitability[28]. - Research and development expenses increased by 6.87% to ¥51,536,611.22, reflecting the company's commitment to enhancing its R&D efforts[44]. - The company holds over 300 patents, including nearly 30 invention patents, demonstrating its technological and quality control capabilities[30]. - Research and development expenses for the first half of 2022 were ¥51,536,611.22, compared to ¥48,223,243.58 in the same period last year, marking a 4.3% increase[93]. Corporate Governance and Compliance - The company has implemented its first employee stock ownership plan to enhance governance and employee cohesion[36]. - The company has committed to not engage in competitive activities that threaten its main business during the tenure of its major shareholders and executives[63]. - The company has not faced any significant environmental penalties and adheres to strict environmental regulations[60]. - There were no significant lawsuits or arbitration matters during the reporting period[66]. - The company has not reported any violations or penalties against its directors, supervisors, senior management, or controlling shareholders during the reporting period[66]. Market and Industry Outlook - The automotive parts industry is expected to continue growing, driven by increasing demand for high-performance and low-emission vehicles[26]. - The company focuses on automotive thermal management systems, with key products including air conditioning pipelines and EGR systems[26]. - Major clients include Honda, Volvo, Ford, and several domestic and international automotive manufacturers[27]. - The company is actively expanding into the hydrogen fuel cell industry, holding a 27.84% stake in New Source Power, its largest shareholder[39]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 28,020[75]. - The top ten shareholders hold a total of 133,768,236 shares, representing 27.26% of the total shares[78]. - The largest shareholder, Tenglong Technology Group, holds 38,219,496 shares, with 97,748,000 shares pledged[78]. - The company has a share repurchase plan approved by the general meeting, with a repurchase price not lower than the issuance price plus bank interest during the relevant period[65]. Financial Policies and Accounting - The company’s financial statements are prepared on a going concern basis, indicating no significant doubts about its ability to continue operations for the next 12 months[123]. - The company adheres to accounting standards, ensuring that its financial reports accurately reflect its financial position, operating results, and cash flows[125]. - The company recognizes expected credit losses based on the risk of default, with the loss being the present value of the difference between all contractual cash flows and expected cash flows[140]. - The company measures financial liabilities at amortized cost using the effective interest method, recognizing gains or losses in the current period when financial assets are derecognized[137]. Taxation - The company benefits from a 15% corporate income tax rate due to high-tech enterprise certification valid from 2021 to 2023[185]. - Subsidiaries also enjoy a 15% corporate income tax rate under similar high-tech certifications and regional tax incentives[186]. - The company is subject to multiple tax rates, including a 13%, 9%, 6%, or 5% VAT depending on the goods or services provided[184].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 562,589,841.51, representing a year-on-year increase of 15.73%[5] - The net profit attributable to shareholders decreased by 38.35% to CNY 27,762,530.12 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 43.97% to CNY 22,762,544.14[5] - The net profit for Q1 2022 was CNY 33,541,839.82, a decrease of 39.7% compared to CNY 55,751,674.57 in Q1 2021[22] - The total revenue from operating activities was CNY 518,602,467.35, slightly down from CNY 519,752,627.85 in the same period last year[25] - The company reported a net profit margin improvement, with operating income rising significantly while managing costs effectively[20] - The company’s total comprehensive income for Q1 2022 was CNY 31,048,836.54, down from CNY 53,576,030.70 in Q1 2021[22] Earnings and Shareholder Returns - Basic and diluted earnings per share were both CNY 0.08, down 61.90% year-on-year due to an increase in share capital[6] - Basic and diluted earnings per share were both CNY 0.08, compared to CNY 0.21 in the same quarter last year[22] - The weighted average return on equity decreased by 2.25 percentage points to 1.46%[6] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 242.64% to CNY 23,319,475.58[5] - The company reported a net cash flow from operating activities of CNY 23,319,475.58, compared to a negative cash flow of CNY -16,348,186.32 in Q1 2021[25] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 458,052,011.93, compared to RMB 342,618,618.18 at the end of 2021, representing a growth of 33.7%[17] - The cash and cash equivalents at the end of Q1 2022 were CNY 263,996,033.75, an increase from CNY 219,127,121.93 at the end of Q1 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,704,305,111.21, an increase of 2.55% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 3,704,305,111.21, up from RMB 3,612,053,904.99 at the end of 2021, reflecting a growth of 2.6%[18] - Total liabilities increased to RMB 1,546,206,766.78 as of March 31, 2022, compared to RMB 1,485,004,397.10 at the end of 2021, representing an increase of 4.1%[19] - The company’s total liabilities decreased to CNY 1,200,000,000.00 from CNY 1,300,000,000.00, indicating a reduction of approximately 7.7%[21] Equity and Investments - The total equity attributable to shareholders was CNY 1,911,083,479.61, up 1.34% from the previous year-end[6] - The company’s equity attributable to shareholders was RMB 1,911,083,479.61 as of March 31, 2022, compared to RMB 1,885,813,952.77 at the end of 2021, showing a growth of 1.3%[19] - Short-term borrowings as of March 31, 2022, were RMB 548,381,016.50, an increase from RMB 486,943,011.98 at the end of 2021, indicating a rise of 12.6%[19] - Investment activities resulted in a net cash outflow of CNY -52,228,037.31, a significant decrease from a net inflow of CNY 37,705,847.81 in the previous year[26] Costs and Expenses - Total operating costs for Q1 2022 were RMB 517,111,233.41, up from RMB 425,949,013.80 in Q1 2021, reflecting a year-over-year increase of 21.4%[20] - Research and development expenses increased to CNY 23,777,063.25, up from CNY 22,277,303.86, reflecting a growth of 6.7% year-over-year[21] - The company’s tax expenses for Q1 2022 were CNY 10,789,479.93, an increase of 28.9% from CNY 8,378,190.66 in Q1 2021[21] Non-Recurring Items - The company reported non-recurring gains of CNY 4,999,985.98 after tax, primarily from government subsidies and other non-operating income[9] - The decline in net profit was mainly attributed to the year-on-year increase in raw material prices[10]

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.21 billion, representing a 24.53% increase compared to ¥1.77 billion in 2020[22]. - The net profit attributable to shareholders for 2021 decreased by 41.95% to approximately ¥90.46 million from ¥155.82 million in 2020[22]. - The basic earnings per share for 2021 was ¥0.29, down 44.23% from ¥0.52 in 2020[23]. - The total assets increased by 20.79% to approximately ¥3.61 billion in 2021, compared to ¥2.99 billion in 2020[22]. - The cash flow from operating activities for 2021 was approximately ¥81.71 million, a decrease of 50.53% from ¥165.16 million in 2020[22]. - The weighted average return on equity for 2021 was 6.05%, down from 13.88% in 2020, a decrease of 7.83 percentage points[23]. - The company's net profit for 2021 was CNY 113.00 million, a decrease of 40.05% from CNY 188.50 million in 2020[46]. - The total sales revenue increased by 24.53% compared to the previous year, driven primarily by growth in sales volume[49]. Shareholder Returns - The company plans to distribute 4 bonus shares for every 10 shares held and pay a cash dividend of 1 RMB (including tax), with a total cash dividend of approximately 35.06 million RMB, representing 38.75% of the net profit attributable to shareholders for the year[6]. - The company distributed a cash dividend of 1.5 per share (including tax) to shareholders, amounting to 31,891,680, which represents 20.47% of the net profit attributable to shareholders for the year[126]. - The company has a cash dividend policy that stipulates a minimum of 25% of the distributable profit will be distributed as cash dividends after covering losses and statutory reserves[122]. - The company plans to maintain a stable profit distribution policy, ensuring it aligns with operational conditions and long-term development needs[125]. Governance and Compliance - The company has received a standard unqualified audit report from Zhongtianyun Accounting Firm[5]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has a comprehensive governance structure with all board members present at the board meeting[4]. - The company has established internal control systems to manage subsidiaries and ensure compliance with operational strategies and risk management[130]. - The company did not experience significant differences in governance compared to regulations set by the China Securities Regulatory Commission[91]. - The company has no penalties from securities regulatory agencies in the past three years[105]. Risk Factors - The company has detailed risk factors related to its future development in the report[8]. - The company faces risks from macroeconomic fluctuations, which could adversely affect production and profitability, particularly in the automotive sector[85]. - The company is exposed to risks related to the volatility of raw material prices, which could impact production costs[85]. - The company has a goodwill balance of 184.89 million yuan from acquisitions, which poses a risk of impairment if subsidiary performance does not meet expectations[86]. Research and Development - The company has increased R&D investment, expanding its product line to include wireless charging and heat pump systems for new energy vehicles, with successful customer validations[36]. - Research and development expenses rose to ¥102,402,264.88, an increase of 12.04% compared to the previous year, indicating a commitment to innovation[48]. - The company plans to enhance its research and development capabilities through the establishment of the Tenglong Research Institute, focusing on new product development and industry trend forecasting[79]. - The company is enhancing its management capabilities and risk resilience by increasing R&D investment and transitioning factories towards automation and intelligence[82]. Market Expansion - The company actively expanded into the new energy vehicle market, leveraging its early entry and technology accumulation, which is expected to drive profitability upward[33]. - The company aims to expand its market share in the new energy vehicle sector, leveraging existing partnerships with traditional automakers and new entrants like NIO, Xpeng, and Li Auto[80]. - The company is expanding its production capacity in response to order demands, including the construction of EGR production lines in Hubei[38]. - The company is positioned to capitalize on the opportunities arising from the implementation of the National VI emission standards, particularly in its EGR system and sensor businesses[78]. Employee and Training - The company completed 124 training projects in 2021, achieving a completion rate of 100%, with 2,358 participants in internal and external training sessions[118]. - The company’s training plan focuses on improving professional skills and management capabilities, with specific training in project management and quality management[119]. - The company has a structured salary policy that includes basic and performance-based wages, aimed at enhancing employee motivation[117]. Financial Management - The company has engaged Zhongtianyun Accounting Firm for auditing services with a fee of 900,000 yuan[147]. - The company has entrusted a total of ¥400,000,000 in capital management with a remaining balance of ¥210,000,000[152]. - The company has engaged in non-principal floating income investments totaling ¥50,000,000 with a projected annual return rate of 0%-3.3%[153]. - The company has a total of ¥30,000,000 in principal guaranteed investments with a return rate of 1% and has recovered ¥173,388.66[156]. Strategic Initiatives - The company has established long-term partnerships with major automotive manufacturers such as Honda, Volvo, and Ford, enhancing its customer resource advantage[43]. - The company has expanded its production bases globally, with facilities in Poland and Malaysia, supporting its international market expansion strategy[44]. - The company is considering mergers and acquisitions, including the absorption of wholly-owned subsidiaries[105]. - The company plans to implement a new digital sales strategy aimed at improving online sales by 40%[99].

2021 年第三季度报告 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 单位：元 币种：人民币 证券代码：603158 证券简称：腾龙股份 常州腾龙汽车零部件股份有限公司 2021 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个别及连带责任。 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。 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 436,283,410.81 | 0.24 | 1,424,3 ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥988,017,714.25, representing a 45.14% increase compared to ¥680,723,100.39 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥74,520,479.43, up 25.08% from ¥59,576,709.46 in the previous year[18]. - The basic earnings per share increased to ¥0.25, reflecting a growth of 25.00% compared to ¥0.20 in the same period last year[20]. - The weighted average return on net assets rose to 6.16%, an increase of 0.70 percentage points from 5.46% in the previous year[20]. - The company reported a 50.33% increase in operating costs, totaling 703.45 million RMB, primarily due to sales growth[38]. - The company reported a net profit for the first half of 2021 of 93.60 million RMB, up 27.26% from 73.55 million RMB year-on-year[32]. - The total comprehensive income for the first half of 2021 was ¥90,981,794.82, compared to ¥74,648,452.84 in the same period of 2020, reflecting a growth of 21.8%[91]. Cash Flow and Assets - The net cash flow from operating activities showed a significant decline, with a net outflow of ¥17,967,154.45 compared to a net inflow of ¥102,556,144.23 in the same period last year, marking a decrease of 117.52%[18]. - The company's cash and cash equivalents decreased by 47.98% to ¥148,139,059.91, down from ¥284,797,592.13 in the previous year[39]. - The company's total assets at the end of the reporting period were ¥2,985,652,275.69, a slight decrease of 0.15% from ¥2,990,237,680.85 at the end of the previous year[19]. - The company's cash and cash equivalents as of June 30, 2021, amount to ¥148,139,059.91, a decrease from ¥284,797,592.13 at the end of 2020[80]. - The company's total liabilities included bank loans secured by fixed and intangible assets, totaling ¥249,128,743.21[42]. Market and Industry Insights - In the first half of 2021, the automotive industry saw production and sales reach 12.569 million and 12.891 million vehicles, respectively, representing year-on-year growth of 24.2% and 25.6%[25]. - The production and sales of new energy vehicles reached 1.215 million and 1.206 million units, respectively, with a year-on-year growth of 100%[25]. - The automotive market is projected to continue its stable growth, driven by policies promoting energy-saving and environmentally friendly products[26]. Research and Development - R&D expenses increased by 44.14% to 48.22 million RMB, reflecting the company's commitment to innovation[38]. - The company has established 14 R&D, manufacturing, or service bases across China, enhancing its domestic industrial layout[29]. - The company is accelerating the construction of overseas expansion and R&D centers to enhance its service and solution offerings to clients[33]. Risks and Challenges - The company has outlined potential risks in the management discussion and analysis section, advising investors to be cautious[7]. - The company faces risks related to macroeconomic fluctuations affecting the automotive industry, which could impact production and profitability[48]. - The company is exposed to risks from price fluctuations of key raw materials such as aluminum, plastics, and rubber, which could affect production costs[48]. Corporate Governance and Compliance - The company has not disclosed any plans for profit distribution or capital reserve conversion during this reporting period[6]. - The company has not experienced significant product recalls due to quality issues, but potential recalls could lead to financial losses[49]. - The company has not received any penalties or corrective actions related to violations of laws or regulations during the reporting period[64]. Shareholder Information - The total number of unrestricted circulating shares increased from 216,971,200 to 302,015,680, reflecting an increase of 39.2%[69]. - The top shareholder, Tenglong Technology Group Co., Ltd., holds 95,548,740 shares, accounting for 31.64% of the total shares[72]. - The company guarantees that the cumulative net profit of Beijing Tianyuan from 2019 to 2021 will not be less than 180 million yuan[63]. Taxation and Financial Policies - The company enjoyed a preferential tax rate of 15% for high-tech enterprises in 2020, which may increase if tax policies change or if the company fails to pass future reviews[49]. - The company maintains a corporate income tax rate of 15% for most subsidiaries, with some subsidiaries subject to rates of 20% and 25%[196]. - The company benefits from tax incentives under the Western Development Policy, allowing a 15% corporate income tax rate for certain subsidiaries[199]. Accounting Policies - The company adheres to accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[126]. - The company recognizes revenue based on the progress of performance obligations, confirming revenue at the point when control of goods or services is transferred to the customer[173]. - The company has established specific accounting policies for bad debt provisions, depreciation, and revenue recognition based on its operational characteristics[125].

Financial Performance - The company's operating revenue for 2020 was CNY 1,771,918,363.05, representing a 71.44% increase compared to CNY 1,033,542,443.10 in 2019[25]. - Net profit attributable to shareholders for 2020 was CNY 155,824,034.98, a 27.77% increase from CNY 121,956,631.68 in 2019[25]. - The basic earnings per share for 2020 was CNY 0.73, up 28.07% from CNY 0.57 in 2019[26]. - The total assets at the end of 2020 reached CNY 2,990,237,680.85, a 21.89% increase from CNY 2,453,156,484.28 in 2019[25]. - The cash flow from operating activities for 2020 was CNY 165,161,129.58, reflecting a 54.44% increase compared to CNY 106,940,966.62 in 2019[25]. - The net profit after deducting non-recurring gains and losses for 2020 was CNY 140,753,062.70, a 21.21% increase from CNY 116,126,263.62 in 2019[25]. - The company achieved a quarterly revenue of CNY 655,967,462.46 in Q4 2020, contributing significantly to the annual growth[29]. - The company reported a total profit of 15,070,972.28 RMB for the year, with a significant increase from the previous year's profit of 5,830,368.06 RMB, marking a growth of approximately 157.5%[32]. Shareholder Returns - The company plans to distribute 4 additional shares for every 10 shares held and pay a cash dividend of 1.5 yuan (including tax), with a total of 31,891,680 yuan in cash dividends, accounting for 20.47% of the net profit attributable to shareholders for the year[5]. - The company’s cash dividend policy stipulates that at least 25% of the distributable profit should be distributed as cash dividends, subject to certain conditions[89]. - The company’s cash dividend distribution may be adjusted based on its development stage and significant capital expenditure plans, with minimum cash dividend ratios set at 20% to 80% depending on circumstances[90]. - In 2020, the company proposed a cash dividend of 0.12 RMB per share, maintaining a stable dividend policy with a payout ratio of 20.47% of net profit[93]. - The company plans to conduct annual cash dividends, with the possibility of mid-term dividends based on profitability and funding needs[92]. Risk Management - The company emphasizes that forward-looking statements in the report do not constitute substantive commitments to investors, highlighting investment risks[6]. - The company has detailed risk factors related to its future development in the report, urging stakeholders to review the relevant sections[10]. - The company faces risks from industry cycle fluctuations and the impact of the COVID-19 pandemic, which could adversely affect production and profitability[83]. - The company’s foreign sales accounted for 21.08% of its main business revenue in 2020, exposing it to risks from trade barriers and currency fluctuations[84]. Corporate Governance - The company’s board of directors and senior management guarantee the authenticity and completeness of the annual report, with no false records or misleading statements[10]. - The company has committed to fair and transparent transactions with related parties, ensuring compliance with legal and regulatory requirements[95]. - The company’s profit distribution plan is subject to independent directors' opinions and must facilitate public participation in the voting process[92]. - The company’s board approved the proposal for related party transactions, including the collection and payment of electricity fees for related parties[101]. Research and Development - The company focuses on the automotive energy-saving and environmental protection sector, particularly in automotive thermal management and engine energy-saving components, aiming for innovation and breakthroughs[79]. - The company has over 300 patents related to automotive thermal management systems, including nearly 30 invention patents[44]. - Research and development expenses rose to ¥91,400,706.16, a 42.09% increase year-over-year, primarily due to increased R&D investment[61]. - The company aims to enhance its hydrogen fuel cell business by deepening cooperation with New Source Power and increasing R&D investment in core components[80]. Market Position and Strategy - The company aims to expand its product applications in new energy vehicles, leveraging its advantages in automotive thermal management systems[37]. - The company is strategically positioned to benefit from the growing market for hydrogen fuel cells and their core components[37]. - The automotive thermal management system components industry is expected to experience a prosperous phase with both volume and price increases due to favorable policies for new energy vehicles[77]. - The company has established long-term partnerships with major automotive manufacturers, enhancing its competitive edge in the industry[43]. Financial Management - The company reported a significant increase in fair value of financial assets, with a change of 139,543,371.03 RMB during the reporting period[34]. - The company has engaged in entrusted financial management, with a total amount of CNY 471,960,000, including CNY 175,960,000 in principal-protected investments and CNY 296,000,000 in non-principal-protected investments[109]. - The annualized return rate for entrusted financial management ranges from 1.3% to 5.28%[112]. - The company has successfully recovered all entrusted financial management amounts, with no overdue amounts reported[112]. Environmental Responsibility - The company is not classified as a key pollutant discharge unit and has implemented environmentally friendly production processes to minimize pollution[129]. - The company obtained an environmental impact assessment approval on September 21, 2017, and a completion acceptance letter on May 3, 2018[129]. - The company conducts annual environmental monitoring through a qualified third party, with all results meeting standards[131]. - The company passed the ISO 14001:2015 environmental management system audit in December 2020[131]. Employee Management - The total number of employees in the parent company is 606, while the total number of employees in major subsidiaries is 2,776, resulting in a combined total of 3,382 employees[157]. - The company has implemented a salary policy that includes basic salary and performance-based pay, with different levels of salary standards set according to career paths[159]. - The company completed 124 training projects in 2020, achieving a completion rate of 100%[160]. - The company established a comprehensive evaluation and incentive mechanism for senior management, based on project completion and performance indicators[169].