（三）召开方式： 文字问答互动 三、参加人员 证券代码：603159 证券简称：上海亚虹 公告编号：2023-021 上海亚虹模具股份有限公司 关于召开2022年度网上业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示: 一、说明会类型 上海亚虹模具股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日在 上海证券交易所网站（www.sse.com.cn）披露公司 2022 年年度报告及相关系列公 告，为便于广大投资者更全面深入地了解公司 2022 年经营成果、财务状况，公司 计划于 5 月 11 日（星期四）15:00-16:30 召开业绩说明会，就投资者关心的问题 进行交流。 二、说明会召开的时间、地点 微信小程序：上海亚虹投资者关系 （一）召开时间： 2023 年 5 月 11 日（星期四）15:00-16:30 （二）召开地点： 网络平台在线交流 董事、总经理：徐志刚先生 独立董事：姚宁先生 董事会秘书：谢佳维先生 财务总监：吴彬女士 副总经理：余龙先生 证券事务代表：包 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥94,968,515.04, a decrease of 23.95% compared to the same period last year[5] - The net profit attributable to shareholders was ¥4,579,657.50, down 37.37% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥3,816,856.79, a decline of 45.80% compared to the previous year[5] - Basic earnings per share were ¥0.03, a decrease of ¥0.02 compared to the same period last year[6] - Operating profit for Q1 2023 was ¥5,148,846.86, compared to ¥8,801,042.15 in Q1 2022, reflecting a decrease of 41.1%[22] - Net profit for Q1 2023 was ¥4,579,657.50, a decline of 37.1% from ¥7,286,538.97 in Q1 2022[23] Cash Flow and Liquidity - The net cash flow from operating activities increased by 136.92% to ¥15,281,867.56[5] - In Q1 2023, the company's cash inflow from operating activities was CNY 109,751,414.92, a decrease of 12.5% compared to CNY 125,393,336.87 in Q1 2022[24] - The cash and cash equivalents at the end of Q1 2023 totaled CNY 126,576,216.71, up from CNY 101,482,468.62 at the end of Q1 2022, reflecting a year-over-year increase of 24.8%[25] - Cash outflow for purchasing goods and services in Q1 2023 was CNY 59,422,303.76, down 25.6% from CNY 79,854,485.58 in Q1 2022[24] - The company reported a net cash outflow from investing activities of CNY 13,541,059.06 in Q1 2023, compared to CNY 5,813,235.89 in Q1 2022, indicating increased investment activity[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥621,875,606.18, down 2.00% from the end of the previous year[6] - The company's total assets as of Q1 2023 amounted to ¥621,875,606.18, a decrease from ¥637,722,242.18 in the previous year[18] - Total liabilities for Q1 2023 were ¥137,621,644.99, down from ¥158,047,938.49 in Q1 2022[18] - The company's equity attributable to shareholders was ¥484,253,961.19, an increase from ¥479,674,303.69 in the previous year[18] Accounts Receivable and Inventory - Accounts receivable decreased by 32.38% due to increased customer payments[10] - Accounts receivable decreased significantly to RMB 95,623,488.25 from RMB 141,408,093.94, representing a decline of about 32.4%[16] - Inventory increased by 36.74% primarily due to an increase in dispatched goods[11] - Inventory levels rose to RMB 104,468,340.59, up from RMB 76,395,174.34, indicating an increase of approximately 37%[16] Shareholder Structure and Governance - The top shareholder, Xie Yaming, holds 50,619,000 shares, representing 36.16% of the total shares, while Hainan Ningsheng Tourism Group holds 28,000,000 shares, accounting for 20%[14] - The company has experienced a change in its shareholder structure, with Xie Yaming transferring part of his shares to Hainan Ningsheng Tourism Group[15] - The company has appointed a new non-independent director, Bao Yongzhou, to its board as of March 29, 2023[15] Research and Development - Research and development expenses for Q1 2023 were ¥5,346,947.93, up from ¥4,795,071.18 in Q1 2022, indicating a focus on innovation[22] Other Notable Events - The company has not reported any significant new product developments or technological advancements during this period[15] - There were no significant mergers or acquisitions reported in the latest quarter[15] - The company did not apply new accounting standards or interpretations for the first time in 2023[26]

Financial Performance - The company's operating revenue for 2022 was ¥597.69 million, a decrease of 11.90% compared to ¥678.44 million in 2021[24]. - The net profit attributable to shareholders for 2022 was ¥30.22 million, down 19.71% from ¥37.64 million in 2021[24]. - The net profit after deducting non-recurring gains and losses was ¥29.22 million, a decrease of 16.02% from ¥34.79 million in 2021[24]. - The total operating cost for 2022 was 570.90 million yuan, down 10.88% year-on-year[46]. - The net profit attributable to shareholders was 30.22 million yuan, reflecting a decline of 19.17%[46]. - Total revenue decreased by 11.90% to 59,769.27 million RMB, primarily due to reduced sales volume influenced by market conditions[49]. - Operating costs fell by 13.82% to 49,170.29 million RMB, corresponding to the decrease in sales volume[49]. Cash Flow and Assets - The net cash flow from operating activities was ¥62.12 million, an increase of 1.79% compared to ¥61.03 million in 2021[24]. - The total assets at the end of 2022 were ¥637.72 million, a slight decrease of 0.81% from ¥642.96 million at the end of 2021[24]. - The net assets attributable to shareholders increased by 3.61% to ¥479.67 million from ¥462.96 million in 2021[24]. - The net cash flow from investing activities improved by 25.86%, reaching -2,384.46 million, due to investment recoveries[67]. - Accounts receivable increased to 141,408,093.94, representing 22.17% of total assets, up from 21.93% in the previous period[70]. Industry Trends - The automotive industry showed resilience in 2022, with production and sales maintaining a stable growth trend despite challenges[36]. - In 2022, the automotive production and sales reached 27.02 million and 26.86 million units, representing a year-on-year growth of 3.4% and 2.1% respectively[37]. - New energy vehicle sales exceeded 6.8 million units in 2022, with a market share rising to 25.6%[37]. - The automotive industry is expected to gradually recover in 2023, driven by improved market confidence and easing chip supply shortages[38]. - The automotive industry is expected to continue trends of electrification, intelligence, and lightweighting, providing new opportunities for domestic auto parts suppliers[84]. Research and Development - The company plans to focus on the trends of intelligence, electrification, and lightweighting in the automotive sector[39]. - The total R&D expenditure for the period was 21,938,852.97, representing 3.67% of operating revenue[64]. - Research and development investments increased by 30%, focusing on sustainable materials and advanced manufacturing techniques[108]. - The company has established a training plan to enhance employee skills and leadership capabilities[125]. Corporate Governance - The company held two shareholder meetings during the reporting period, with no rejected proposals or additional temporary proposals[101]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 9,980,000[103]. - The company has established a complete and effective organizational system, capable of independently managing its resources[98]. - The company has established specialized committees within the board, including an audit committee and a strategic committee[115]. Risk Management - The company recognizes potential risks from macroeconomic fluctuations and cyclical volatility in the automotive industry[87]. - Key raw materials include mold steel and plastic particles, which are subject to frequent price volatility, posing a risk to the company's profitability[89]. - The company faces risks related to macroeconomic fluctuations and the automotive industry's cyclical nature, which can significantly impact order volumes and sales performance[88]. Environmental Commitment - The company has committed to environmental protection, achieving ISO 14001 certification and implementing measures for energy conservation and emission reduction[142]. - The company invested CNY 3.5 million in charitable donations, specifically for the "Blue Sky Love" initiative[143]. - The company has adopted carbon reduction measures, including the use of low-carbon technologies in production processes[144]. Shareholder Relations - The company implemented a cash dividend policy, distributing a total of 14,000,000.00 RMB to shareholders based on a dividend of 1.00 RMB per 10 shares[127]. - The company’s cash dividend plan for 2021 was approved at the shareholders' meeting on May 12, 2022[127]. - The company has committed to relinquishing voting rights for 10% of shares to maintain control by Hainan Ning Sheng Group[182]. Audit and Compliance - The audit report confirmed that the financial statements fairly reflect the financial position and operating results of Shanghai Yahui as of December 31, 2022[192]. - The internal control evaluation report was reviewed and approved by the audit committee, ensuring compliance with legal regulations[121]. - The audit firm maintained independence and communicated significant audit findings with the governance team[200].

Financial Performance - The company's operating revenue for Q3 2022 was ¥189,643,212.92, representing a year-on-year increase of 19.48%[4] - The net profit attributable to shareholders for Q3 2022 was ¥9,529,493.42, an increase of 30.91% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,297,107.12, a decrease of 42.48% year-on-year[5] - The basic earnings per share for Q3 2022 was ¥0.07, a decrease of 35.00% compared to the same period last year[5] - The diluted earnings per share for Q3 2022 was also ¥0.07, reflecting a 35.00% decrease year-on-year[5] - Net profit for Q3 2022 was CNY 17,475,866.24, a decline of 36.8% from CNY 27,608,745.74 in Q3 2021[25] - Basic and diluted earnings per share for Q3 2022 were both CNY 0.13, down from CNY 0.20 in Q3 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥631,203,493.16, a decrease of 1.83% compared to the end of the previous year[5] - Total assets as of Q3 2022 amounted to CNY 631,203,493.16, a slight decrease from CNY 642,962,178.92 at the end of 2021[21] - Total liabilities as of Q3 2022 were CNY 164,194,282.62, down from CNY 179,532,109.36 in the previous year[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥25,076,759.38, a decrease of 44.58% year-on-year[5] - The company's cash flow from operating activities decreased by 44.58% compared to the same period last year, primarily due to lower customer cash receipts[10] - The company's cash flow from operating activities for the first three quarters of 2022 showed a significant improvement compared to the previous year, indicating better liquidity management[26] - The net cash flow from operating activities for Q3 2022 was $25.1 million, down 44.6% from $45.2 million in Q3 2021[28] - Total cash outflow from operating activities in Q3 2022 was $336.0 million, a decrease of 34.9% compared to $516.5 million in Q3 2021[28] - Cash and cash equivalents at the end of Q3 2022 amounted to $97.1 million, a decrease from $103.0 million at the end of Q3 2021[28] Operational Changes - The company attributed the decrease in net profit for the year-to-date to reduced revenue and increased costs due to the impact of the pandemic[7] - The company reported a decrease in accounts receivable by 69.65% due to a reduction in bank acceptance bills that had not been confirmed for termination[9] - The company reported a decrease in research and development expenses to CNY 15,455,258.61 in Q3 2022 from CNY 18,333,175.90 in Q3 2021, reflecting a strategic shift in R&D focus[24] Other Financial Metrics - The weighted average return on equity was 2.06%, an increase of 0.36 percentage points compared to the previous year[5] - Other receivables increased by 935.90% compared to the end of the previous year, mainly due to proceeds from the disposal of subsidiary equity[10] - Contract liabilities grew by 1,738.00 million, reflecting an increase in advance customer payments[10] - Financial expenses rose by 126.33 million compared to the same period last year, mainly due to increased bank deposit interest income[10] - The company’s impairment losses on assets increased by 90.71 million, mainly due to increased inventory write-downs[10] - The company’s other income increased by 41.22 million, primarily due to an increase in government subsidy income[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,180[13] - The company completed the transfer of 100% equity of its wholly-owned subsidiary for 6 million, aimed at preventing potential competition issues with its controlling shareholder[15] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth, although specific figures were not disclosed in the report[26]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥241,171,804.02, a decrease of 20.42% compared to ¥303,084,945.34 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥8,026,806.83, down 60.53% from ¥20,338,804.78 in the previous year[18]. - The net cash flow from operating activities was ¥876,831.83, representing an 83.73% decline from ¥5,388,343.58 in the same period last year[18]. - Basic earnings per share for the first half of 2022 were ¥0.06, down 60.00% from ¥0.15 in the same period last year[19]. - The weighted average return on net assets was 1.75%, a decrease of 2.92 percentage points from 4.67% in the previous year[19]. - The company achieved operating revenue of ¥241,171,804.02, a year-on-year decrease of 20.42%[29]. - Net profit for the period was ¥8,026,806.83, down 60.53% compared to the previous year[29]. - The company reported a net profit margin of 1.2% for the first half of 2022, compared to 7.2% in the same period of 2021[100]. - The total comprehensive income attributable to the parent company for the first half of 2022 was CNY 2,073,016.58, a decrease of 90.4% compared to CNY 21,716,504.16 in the previous year[106]. Assets and Liabilities - The total assets at the end of the reporting period were ¥606,723,081.67, a decrease of 5.64% from ¥642,962,178.92 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 1.29% to ¥456,983,460.08 from ¥462,956,653.25 at the end of the previous year[18]. - Cash and cash equivalents decreased by 25.10% to ¥81,345,195.53, accounting for 13.41% of total assets[37]. - Accounts receivable decreased by 6.14% to ¥132,322,622.64, representing 21.81% of total assets, primarily due to reduced sales and revenue caused by the pandemic[38]. - Inventory increased by 15.40% to ¥118,389,358.10, making up 19.51% of total assets, attributed to production and sales disruptions from the pandemic[38]. - Fixed assets decreased by 5.12% to ¥197,629,175.78, accounting for 32.57% of total assets, mainly due to depreciation[37]. - Total liabilities decreased to CNY 71,304,124.93 from CNY 107,480,285.81 at the beginning of the year, reflecting a reduction of 33.6%[98]. - The company's total assets at the end of the reporting period amounted to RMB 446,153,893.80[139]. Cash Flow - The net cash flow from operating activities for the first half of 2022 was ¥11,601,431.83, a decrease of 7.25% compared to ¥12,510,087.54 in the same period of 2021[113]. - Total cash inflow from operating activities was ¥172,609,056.81, down 16.01% from ¥205,538,687.55 year-on-year[113]. - The net cash flow from investing activities was -¥9,463,679.54, compared to -¥10,792,309.07 in the previous year, indicating a slight improvement[110]. - The net cash flow from financing activities was -¥13,500,000.00, consistent with the previous year's figure[110]. - The company experienced a net decrease in cash and cash equivalents of -¥22,078,997.66 for the first half of 2022, compared to -¥18,891,544.80 in the previous year[111]. Operational Management - The company operates in the mold and automotive industries, focusing on precision plastic mold R&D, design, manufacturing, and injection molding services[22]. - The company’s production model is customized for precision plastic molds, while injection parts and SMT surface mount products follow a make-to-order approach[26]. - The company’s overall production management utilizes an ERP system to optimize production scheduling and resource allocation[26]. - The company implemented a "Production Material Procurement Committee" to ensure controlled costs and adequate inventory amid the pandemic[32]. - The company focused on optimizing operational management processes to enhance efficiency and responsiveness to customer needs[28]. Market and Industry - Approximately 90% of automotive interior and exterior plastic parts and 70% of home appliance parts are produced using plastic molds, indicating a strong market demand[24]. - The precision injection mold market is expected to see new growth points due to increasing demand for high-quality and lightweight products in the automotive and home appliance sectors[24]. - In Q1 2022, domestic automotive production and sales dropped to 1.205 million and 1.181 million units, respectively, marking a year-on-year decline of 46.1% and 47.6%[24]. - By June 2022, automotive production and sales rebounded to 2.499 million and 2.502 million units, reflecting a month-on-month increase of 29.8% and 34.4%[24]. - The company’s main customers include first-tier suppliers to renowned automotive manufacturers and home appliance producers, maintaining a stable direct sales model[26]. Risks and Challenges - The company has outlined potential risks in the report, which investors should be aware of[5]. - The company faces risks related to macroeconomic fluctuations and the cyclical nature of the automotive industry, which could impact order volumes and sales[43]. - The company is exposed to raw material price volatility risks, particularly for steel and plastic, which could significantly affect profitability[44]. - The ongoing COVID-19 pandemic continues to pose risks to the company's operations and overall economic stability[46]. - The company has a risk of product quality issues that could lead to recalls or legal claims, despite stringent quality control measures[44]. Corporate Governance - The company did not distribute profits or increase capital reserves during the reporting period[3]. - The company held one shareholders' meeting during the reporting period, which was the 2021 annual shareholders' meeting, with no rejected resolutions[52]. - The company did not propose any profit distribution or capital reserve transfer plans for the half-year period, with no dividends or stock bonuses declared[53]. - The company has committed to not engaging in competitive activities that may conflict with its business interests[62]. - The company has established a long-term commitment to avoid related party transactions with its subsidiaries and other controlled enterprises[67]. Environmental Commitment - The company is committed to environmental protection and has achieved ISO 14001 certification, focusing on reducing waste by over 25% through new treatment methods[58]. - The company has implemented measures to reduce carbon emissions, including optimizing energy management and enhancing employee awareness of low-carbon practices[59]. - The company is exploring new energy-saving methods and has upgraded waste treatment processes to improve environmental performance[58]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position as of June 30, 2022[149]. - The company confirms its ability to continue operations for at least 12 months from the reporting date[147]. - The company's accounting currency is RMB[151]. - The company has established specific accounting policies and estimates based on its operational characteristics[148].

Financial Performance - The company's operating revenue for Q1 2022 was ¥124,873,192.69, representing a decrease of 21.63% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥7,312,597.13, down 42.23% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥7,042,698.37, a decline of 43.02% compared to the previous year[5]. - Basic and diluted earnings per share were both ¥0.05, reflecting a decrease of 44.44%[6]. - The weighted average return on equity decreased by 42.96 percentage points to 1.62%[6]. - Net profit for Q1 2022 was ¥7,286,538.97, a decline of 42.7% from ¥12,658,657.97 in Q1 2021[20]. - The company’s total comprehensive income for Q1 2022 was ¥7,286,538.97, down from ¥12,658,657.97 in Q1 2021[21]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 154.29% to ¥6,450,117.06[5]. - Cash flow from operating activities for Q1 2022 was ¥6,450,117.06, a significant improvement from a negative cash flow of ¥11,881,818.83 in Q1 2021[24]. - The net increase in cash and cash equivalents for the first quarter of 2022 was 629,573.43, compared to a decrease of 15,749,332.59 in the same period last year[25]. - The ending balance of cash and cash equivalents as of the end of the first quarter of 2022 was 101,482,468.62, up from 70,379,686.30 year-over-year[25]. - The company's cash and cash equivalents as of March 31, 2022, amount to ¥105,887,319.88, a decrease from ¥108,611,190.94 at the end of 2021[15]. - The impact of exchange rate changes on cash and cash equivalents was a decrease of 7,307.74[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥637,067,238.77, a decrease of 0.86% from the end of the previous year[6]. - Total assets as of March 31, 2022, are ¥637,067,238.77, down from ¥642,962,178.92 at the end of 2021[16]. - Total liabilities decreased to ¥166,350,630.24 from ¥179,532,109.36 year-over-year[17]. - The company's total equity remains stable at ¥140,000,000.00[17]. - The company's contract liabilities increased significantly to ¥10,012,335.96 from ¥474,260.00 year-over-year[17]. - Accounts receivable decreased to ¥117,401,438.34 from ¥140,971,995.40 year-over-year[15]. - Inventory increased to ¥128,365,239.76 from ¥102,587,526.25 year-over-year[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,623[13]. - The top shareholder, Xie Yaming, holds 57,619,000 shares, representing 41.16% of total shares, with 21,000,000 shares pledged[13]. Operating Costs and Expenses - Total operating costs for Q1 2022 were ¥119,094,092.58, down 17.6% from ¥144,510,582.79 in Q1 2021[19]. - Research and development expenses for Q1 2022 were ¥4,795,071.18, a decrease of 15.3% from ¥5,661,351.65 in Q1 2021[19]. - Financial expenses rose by 196.67%, primarily due to increased interest income from bank deposits[11]. Regulatory and Compliance - The application for non-public stock issuance was not approved by the China Securities Regulatory Commission[15]. Credit and Impairment - The company reported a credit impairment loss of ¥900,997.64 in Q1 2022, compared to a gain of ¥70,181.40 in Q1 2021[20].

Financial Performance - In 2021, the company's operating revenue reached ¥678,441,156.67, representing a 14.61% increase compared to ¥591,950,765.79 in 2020[24] - The net profit attributable to shareholders was ¥37,641,554.23, a decrease of 6.45% from ¥40,235,369.62 in the previous year[24] - The net cash flow from operating activities was ¥61,029,699.86, down 26.66% from ¥83,214,330.65 in 2020[24] - Total assets increased by 7.02% to ¥642,962,178.92 from ¥600,766,920.00 in 2020[24] - The company's net assets attributable to shareholders rose by 5.38% to ¥462,956,653.25 compared to ¥439,315,099.02 in 2020[24] - Basic earnings per share decreased to ¥0.27, down 6.9% from ¥0.29 in 2020[25] - The company achieved an annual revenue of 678.44 million RMB, representing a year-on-year growth of 14.61%[33] - The net profit for the year was 37.61 million RMB, a decrease of 6.51% compared to the previous year[33] - Total assets at the end of the reporting period were 642.96 million RMB, an increase of 7.02% year-on-year[33] - Net assets reached 463.43 million RMB, reflecting a year-on-year growth of 5.49%[33] - The diluted earnings per share were 0.27 RMB, down 6.9% from 0.29 RMB[26] - The weighted average return on equity was 8.37%, a decrease of 0.81 percentage points from the previous year[26] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling ¥14 million, based on a total share capital of 14 million shares as of December 31, 2021[5] - The company distributed a cash dividend of 1.00 yuan per 10 shares, totaling 14,000,000.00 yuan based on a total share capital of 140,000,000 shares as of December 31, 2020[127] Market and Industry Insights - The precision plastic mold industry is experiencing rapid growth, with the market size in China exceeding 300 billion RMB in 2021[34] - In 2021, China's automobile production reached 26.08 million units, an increase of 3.40% compared to 2020, with sales reaching 26.27 million units, up 3.81% year-on-year[37] - The production of new energy vehicles in China surged to 3.545 million units in 2021, a remarkable increase of 159.52% year-on-year, accounting for 13.59% of total automobile production[37] Operational Strategies - The company focuses on the development and manufacturing of precision plastic molds, serving the automotive and consumer goods sectors[34] - The company maintains a stable sales model, primarily direct sales based on customer specifications for mold and injection products[37] - The company employs a customized production model for precision plastic molds, ensuring production aligns with client specifications and requirements[38] - The company has established a "Production Material Procurement Committee" to ensure efficient procurement and inventory management amid market fluctuations[39] - The company has a complete manufacturing system that supports vertical integration from component design to mold development and part processing, enhancing customer responsiveness[41] Challenges and Risks - The company acknowledges the challenges posed by international raw material price fluctuations and the ongoing pandemic, indicating a proactive approach to adjust strategies[11] - The company faces risks related to macroeconomic fluctuations and the cyclical nature of the automotive industry, which could impact order volumes and sales performance[85] - The prices of key raw materials such as mold steel and plastic particles are subject to significant volatility, which poses a risk to the company's profitability[85] - The ongoing COVID-19 pandemic may affect the company's operations due to local pandemic control measures, potentially challenging material supply and timely production for customers[88] Research and Development - Research and development expenses grew by 8.91% to 22.97 million yuan, reflecting increased investment in project development[47] - The number of R&D personnel is 135, accounting for 20.73% of the total workforce[64] - The company plans to focus on technological innovation and product quality to adapt to trends in the automotive industry, including electrification and intelligent systems[72] - The company plans to continue investing in research and development to innovate and improve its product lines[104] Corporate Governance and Management - The company has established a complete and independent organizational system for personnel, finance, and operations, ensuring independence from the controlling shareholder[94] - The company has a clear and complete asset ownership structure, with no reliance on the controlling shareholder for assets or credit[95] - The company has a structured approach to appointing and compensating its management team, ensuring alignment with performance metrics[109] - The company has implemented measures to enhance employee welfare, including various benefits and recreational activities[140] Audit and Compliance - The audit report confirms that the financial statements fairly reflect the financial position and operating results of Shanghai Yahui as of December 31, 2021[192] - Key audit matters identified include revenue recognition, which is considered a significant risk due to management's potential manipulation to meet performance targets[195] - The company has implemented internal controls related to revenue recognition, which were evaluated for effectiveness during the audit[195] - There were no significant uncertainties regarding the company's ability to continue as a going concern identified during the audit[199] Shareholder Structure and Changes - The company reported a total of 800,000 shares held by key shareholders, with the largest shareholder, Xie Yaming, holding 57,619,000 shares, representing 46.79% of the total share capital[181] - The actual controller of the company changed to Sun Lin, who is also the executive director and general manager of Hainan Ningsheng Tourism Group[184] - The company completed a share transfer agreement on February 5, 2021, where Hainan Ningsheng Tourism Group acquired 21,000,000 shares, accounting for 15% of the total share capital[183] Environmental and Social Responsibility - The company has implemented ISO14001 certification for its environmental management system, focusing on pollution control and resource conservation[136] - The company actively promotes green development and low-carbon initiatives, including the use of servo-controlled electric injection molding machines to replace high-energy-consuming hydraulic machines[138] - The company engages in social responsibility initiatives, including partnerships with educational institutions to provide internship opportunities for students[141]

Financial Performance - The company's revenue for Q3 2021 was ¥158,724,336.04, representing a decrease of 5.77% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥7,279,475.13, down 49.21% year-over-year[5]. - The basic earnings per share decreased by 50.00% to ¥0.05[6]. - Total operating revenue for the first three quarters of 2021 reached ¥461,809,281.38, a 17.3% increase from ¥393,980,815.01 in the same period of 2020[22]. - Net profit for the first three quarters of 2021 was ¥27,608,745.74, slightly up from ¥27,388,461.27 in the same period of 2020, representing a 0.8% increase[23]. - Earnings per share for the third quarter of 2021 remained stable at ¥0.20, consistent with the same period in 2020[24]. Cash Flow - Cash flow from operating activities decreased by 30.74% to ¥45,244,766.67[6]. - Cash flow from operating activities for the first three quarters of 2021 was ¥45,244,766.67, down from ¥65,329,747.04 in the previous year, indicating a decrease of 30.7%[26]. - The company reported a net cash inflow from operating activities of ¥561,787,066.23 for the first three quarters of 2021, compared to ¥378,294,238.65 in the same period of 2020, representing a growth of 48.4%[26]. - The net cash flow from investing activities was -$14,890,429.93, compared to -$11,872,413.39 in the previous year, indicating a decline of approximately 25.4%[27]. - The total cash outflow from financing activities was $14,000,000.00, down from $47,565,418.15, representing a decrease of about 70.7%[27]. - The net cash flow from financing activities was -$13,500,000.00, compared to -$47,565,418.15 in the previous year, showing an improvement of approximately 71.7%[27]. - The cash and cash equivalents at the end of the period increased to $102,996,791.47 from $75,242,952.79, reflecting a growth of about 36.9%[27]. - The net increase in cash and cash equivalents for the quarter was $16,867,772.58, compared to $5,888,804.58 in the same quarter last year, indicating a significant increase of approximately 186.5%[27]. - The company received cash from investment of $500,000.00 during the financing activities, marking a new inflow[27]. - The impact of exchange rate changes on cash and cash equivalents was positive at $13,435.84, contrasting with a negative impact of -$3,110.92 in the previous year[27]. Assets and Liabilities - Total assets increased by 1.27% to ¥608,386,239.11 compared to the end of the previous year[6]. - The company's total assets as of September 30, 2021, amounted to RMB 608,386,239.11, an increase from RMB 600,766,920.00 at the end of 2020[19]. - The total current assets were RMB 359,049,662.98, slightly up from RMB 358,692,674.00 year-over-year[18]. - The total non-current assets increased to RMB 249,336,576.13 from RMB 242,074,246.00[19]. - The total liabilities decreased to RMB 154,962,394.35 from RMB 161,451,820.98[19]. - The total equity attributable to shareholders of the parent company as of the third quarter of 2021 was ¥452,933,378.93, up from ¥439,315,099.02 at the end of the previous year, marking a growth of 3.7%[20]. - The total liabilities and equity amounted to ¥608,386,239.11, compared to ¥600,766,920.00 in the previous year, indicating a slight increase of 1.0%[20]. Shareholder Information - The total number of ordinary shares at the end of the reporting period was 10,971,000[13]. - The largest shareholder, Xie Yaming, holds 57,619,000 shares, representing 41.16% of total shares[13]. Other Financial Metrics - Research and development expenses for the first three quarters of 2021 totaled ¥18,333,175.90, an increase of 22.5% compared to ¥14,976,841.21 in 2020[23]. - Management expenses increased to ¥26,898,986.77 in 2021 from ¥23,067,574.98 in 2020, reflecting a rise of 12.2%[23]. - The company reported a 69.61% decrease in non-operating income, mainly due to reduced government subsidies unrelated to daily operations[10]. - Prepayments increased significantly by 170.47% due to higher material payments[10]. - Contract liabilities surged by 615.35% as a result of increased customer advance payments[10]. - Operating cash inflow increased by 48.51% primarily due to the recovery of customer payments[10]. Future Plans - The company is in the process of a non-public offering of A-shares, pending approval from the China Securities Regulatory Commission[15]. - The company plans to disclose further information regarding the non-public offering as it progresses[15]. Compliance and Reporting - The company did not apply the new leasing standards for the current year, indicating a potential area for future compliance and reporting adjustments[27].

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 303,084,945.34, representing a 34.38% increase compared to RMB 225,544,247.24 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was RMB 20,338,804.78, a 55.79% increase from RMB 13,054,866.43 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was RMB 18,683,708.44, which is an 87.95% increase compared to RMB 9,940,825.02 in the same period last year[17]. - The basic earnings per share for the first half of 2021 was RMB 0.15, up 66.67% from RMB 0.09 in the same period last year[19]. - The weighted average return on equity increased to 4.67%, up 1.69 percentage points from 2.98% in the previous year[19]. - The company achieved operating revenue of CNY 303.08 million, a year-on-year increase of 34.38%[31]. - Net profit reached CNY 20.34 million, reflecting a year-on-year growth of 55.79%[31]. - The total comprehensive income for the first half of 2021 was CNY 21,716,504.16, significantly higher than CNY 9,622,471.95 in the first half of 2020[110]. Cash Flow and Assets - The net cash flow from operating activities was RMB 5,388,343.58, a significant decrease of 83.47% compared to RMB 32,598,059.47 in the same period last year[17]. - The company's cash and cash equivalents decreased to RMB 67,237,474.09 from RMB 86,129,018.89, reflecting a drop of approximately 22%[97]. - The total assets amounted to CNY 571.61 million, up 5.73% compared to the previous year[31]. - Current assets totaled RMB 323,897,376.31, a decline from RMB 358,692,674.00, indicating a decrease of about 9.7%[97]. - Total liabilities decreased to RMB 125,456,700.26 from RMB 161,451,820.98, showing a decline of approximately 22.3%[99]. Business Operations and Strategy - The company’s main business focuses on the research, design, manufacturing of precision plastic molds, and injection molding products, primarily serving the automotive and electronics industries[23]. - The company operates a customized production model for plastic molds, ensuring products meet specific client requirements, which enhances production efficiency[27]. - The injection molding and SMT surface mounting products are produced on an "order-based" model, allowing for better inventory control and resource utilization[28]. - The company aims to transition from a traditional supplier to an integrated technology service provider, adapting to the evolving market demands[24]. - The company has established a stable supplier management system, ensuring quality raw materials while reducing procurement costs through centralized purchasing[28]. Market and Industry Insights - The mold manufacturing industry in China has seen significant growth, with total sales increasing from 136.73 billion CNY in 2010 to 218.8 billion CNY in 2020, with plastic molds contributing approximately 112.5 billion CNY, accounting for over 50%[24]. - The automotive market is expected to recover, with significant growth opportunities in electric vehicles, intelligent driving, and lightweight components[25]. - In the automotive sector, the total profit for China's automotive manufacturing industry reached 287.68 billion CNY in 2021, representing a year-on-year growth of 45.2%[25]. Research and Development - Research and development expenses increased by 28.53% to CNY 13.06 million, indicating a focus on innovation[34]. - The company’s SMT business primarily serves major automotive manufacturers and home appliance producers, indicating a strong position in the supply chain[26]. - Research and development expenses increased to CNY 8,315,024.45 in the first half of 2021, compared to CNY 5,865,788.01 in the same period of 2020, marking a 41.8% increase[109]. Shareholder and Ownership Structure - The total number of ordinary shareholders at the end of the reporting period was 9,247[83]. - The largest shareholder, Xie Yaming, held 57,619,000 shares, representing 41.16% of the total shares[85]. - Hainan Ningsheng Tourism Group Co., Ltd. acquired 21,000,000 shares, accounting for 15.00% of the total shares[85]. - The company completed a change in control with the transfer of shares to Hainan Ningsheng Tourism Group, affecting the management structure[50]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, including transitioning to energy-efficient production processes and establishing performance indicators for energy consumption[56]. - The company has achieved ISO 14001 certification for its environmental management system, ensuring compliance with pollution control measures[53]. - The company actively participates in public welfare activities and collaborates with local universities for practical training opportunities[58]. Risks and Challenges - The company faces risks related to the volatility of raw material prices, particularly steel and plastic particles, which could significantly impact profitability[40]. - The automotive industry’s cyclical nature poses a risk, as the company’s products are closely tied to macroeconomic conditions and automotive market trends[40]. - The overall market for molds is facing challenges due to the shift towards high-tech service integration, requiring companies to enhance their R&D capabilities[24]. Compliance and Governance - The company has been recognized as a high-tech enterprise, benefiting from a reduced corporate income tax rate of 15%, which is subject to compliance with relevant regulations[42]. - The company has pledged to maintain the authenticity and completeness of its prospectus, bearing legal responsibility for any misleading information[73]. - The company will ensure compliance with legal regulations and the guidelines set by the China Securities Regulatory Commission regarding related party transactions[69].

Revenue and Profitability - Total revenue for Q1 2021 reached RMB 159,344,068.86, an increase of 62.80% compared to RMB 97,875,922.36 in the same period last year[5] - Net profit attributable to shareholders was RMB 12,360,457.48, representing a significant increase of 1,384.81% from RMB 832,462.42 in Q1 2020[5] - Basic earnings per share rose to RMB 0.09, a 350% increase from RMB 0.02 in the same quarter last year[7] - The company's retained earnings increased to 204,090,191.93 RMB from 191,431,533.96 RMB, reflecting a positive trend in profitability[25] - The company reported a gross profit margin of approximately 9.5% for Q1 2021, compared to 8.5% in Q1 2020, indicating an improvement in profitability[31] - Operating profit for Q1 2021 was ¥11,702,492.78, significantly up from ¥3,442,944.04 in Q1 2020, marking a 239.5% increase[35] - Net profit for Q1 2021 was ¥9,448,797.47, compared to ¥2,833,408.40 in Q1 2020, representing a 234.5% increase[36] Cash Flow and Financial Position - Operating cash flow showed a net outflow of RMB 11,881,818.83, a decrease of 138.05% compared to a net inflow of RMB 31,224,766.21 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥11,881,818.83 in Q1 2021, a decrease from a net inflow of ¥31,224,766.21 in Q1 2020[37] - The net cash flow from operating activities in Q1 2021 was negative CNY 349,711.18, a significant decline from the positive CNY 30,326,628.44 in Q1 2020[41] - Cash and cash equivalents at the end of Q1 2021 were ¥70,379,686.30, down from ¥94,033,698.67 at the end of Q1 2020[38] - The company's cash and cash equivalents were ¥26,156,028.25, compared to ¥30,165,305.30 at the end of 2020, a decline of 13.3%[27] - The total cash outflow from financing activities in Q1 2021 was CNY 169,885.64, with no cash inflow reported[41] Assets and Liabilities - The company's total assets decreased by 2.90% to RMB 583,318,013.28 from RMB 600,766,920.00 at the end of the previous year[5] - Total assets as of March 31, 2021, amounted to ¥437,342,132.83, a slight decrease from ¥443,659,750.84 at the end of 2020[29] - Total liabilities decreased to ¥61,391,510.43 from ¥77,157,925.91, indicating a reduction of 20.4%[29] - Current liabilities decreased from 154,338,257.46 RMB to 124,585,688.89 RMB, indicating improved liquidity management[24] - Current assets totaled ¥197,295,101.02, down from ¥204,723,050.10, reflecting a decrease of 3.5%[28] Shareholder Information - The number of shareholders at the end of the reporting period was 8,148[11] - The top shareholder, Xie Yaming, holds 41.16% of the shares, totaling 57,619,000 shares[11] Other Financial Metrics - The weighted average return on equity increased by 2.25 percentage points to 2.84% from 0.59%[5] - Research and development expenses for Q1 2021 were ¥5,661,351.65, slightly up from ¥5,495,556.14 in Q1 2020[32] - Sales expenses decreased to ¥1,928,350.50 in Q1 2021 from ¥3,731,073.74 in Q1 2020, a reduction of 48.3%[35] - Tax and additional charges increased by 53.92% to 42.39 million RMB, primarily due to an increase in value-added tax and corresponding additional taxes[16] - Financial expenses decreased by 319.72% to -11.03 million RMB, mainly due to a reduction in interest expenses[17] - Other income decreased by 80.23% to 39.5 million RMB, primarily due to a reduction in government subsidies related to daily operations[17] - Asset impairment losses increased by 284.05% to 25.38 million RMB, mainly due to increased credit impairment and inventory impairment[17]