Financial Performance - The company achieved a consolidated net profit of CNY 208,327,029.50 for the year 2021[4]. - The parent company reported a net profit of CNY 234,652,468.45, with a statutory surplus reserve of CNY 23,465,246.85 deducted[4]. - The total distributable profit for the parent company was CNY 378,711,012.80 after accounting for previous dividends of CNY 118,403,742.00[4]. - A cash dividend of CNY 5.00 per 10 shares (including tax) will be distributed, totaling CNY 323,104,325.50[4]. - The company does not plan to increase capital reserves or distribute stock dividends for the year[4]. - The company's operating revenue for 2021 was approximately ¥1.81 billion, representing a 2.50% increase compared to ¥1.77 billion in 2020[23]. - Net profit attributable to shareholders increased by 3.86% to approximately ¥208.33 million in 2021 from ¥200.58 million in 2020[23]. - The net profit after deducting non-recurring gains and losses rose by 26.73% to approximately ¥189.46 million in 2021, compared to ¥149.51 million in 2020[24]. - The net cash flow from operating activities increased by 18.60% to approximately ¥322.73 million in 2021 from ¥272.11 million in 2020[23]. - The total assets of the company at the end of 2021 were approximately ¥3.68 billion, an increase of 8.46% from ¥3.39 billion at the end of 2020[23]. - The basic earnings per share remained stable at ¥0.34 in 2021, unchanged from 2020[24]. - The company reported a weighted average return on equity of 8.53% in 2021, a decrease of 0.61 percentage points from 9.14% in 2020[24]. Risk Management - There are no significant risk events reported during the reporting period[9]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[6]. - The company has not faced any risks of delisting or bankruptcy reorganization[188]. - The company faced a lawsuit involving the State Grid Hubei Electric Power Company, with the claimed amount of 29,814,700 RMB, which was not deemed significant to the company's net profit[190]. - The court ruled in favor of the company on May 6, 2021, dismissing the original plaintiff's claims, which included a total amount of 29,814,700 RMB plus penalties[190]. Research and Development - The company invested 101.73 million yuan in R&D in 2021, representing a 13.84% increase compared to the previous year, and was awarded multiple industry honors[39]. - The company has established a post-doctoral research workstation and collaborated with several universities to enhance its R&D capabilities[61]. - The company has 356 R&D personnel, accounting for 13.60% of the total workforce[77]. - Research and development expenses increased by 13.84% to CNY 101.73 million, reflecting a focus on innovation[67]. - The company is focusing on new product development and technological advancements to enhance its competitive edge in the market[138]. Market and Industry Trends - The automotive industry showed resilience with a production and sales increase of 3.4% and 3.8% respectively in 2021, ending a three-year decline[32]. - The domestic automotive market saw a total production of 26.08 million vehicles in 2021, with new energy vehicles accounting for over 3.5 million units, representing a market share of 13.4%[41]. - In 2021, the production and sales of new energy vehicles reached 3.545 million and 3.521 million units, respectively, representing a year-on-year growth of 160% and a market share of 13.4%, up 8 percentage points from the previous year[44]. - The company is actively developing in the new energy vehicle sector, achieving significant progress to lay a solid foundation for future growth[32]. - The company is focusing on high-end crankshaft production, as the market is increasingly concentrated among larger, technologically advanced firms[94]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, complying with the guidelines for independent director systems[130]. - The supervisory board has 3 members, including 1 employee supervisor, ensuring compliance with legal requirements[130]. - The company adheres to strict information disclosure regulations, ensuring accurate and timely communication with all shareholders[130]. - The company has established various specialized committees, including a strategy committee and an audit committee, to ensure effective governance[130]. - The company has implemented measures to maintain independence from its controlling shareholders[131]. Social Responsibility and Community Engagement - The company is committed to social responsibility, planning to invest in educational support and rural revitalization initiatives in 2022[123]. - The company donated 1 million yuan for flood relief efforts in Henan, demonstrating its commitment to social responsibility and community support[179]. - The company provided over 226 job opportunities for rural laborers, contributing more than 10 million yuan in wages and benefits[181]. - The company has actively engaged in risk supervision, with no dissenting opinions reported by the supervisory board during the reporting period[158]. - The company is committed to reducing carbon emissions through various initiatives, including optimizing transportation methods and implementing green logistics[178]. Strategic Initiatives - The company has established a comprehensive digital application strategy, including the implementation of a warehouse logistics management system to enhance operational efficiency[120]. - The company plans to enhance production efficiency and reduce manufacturing costs to remain competitive in the crankshaft market[94]. - The company aims to recruit graduates from "985" and "211" universities, focusing on digital application and management professionals to enhance its talent pool[122]. - The company is focusing on digital management, efficient operations, and high-quality development while expanding into new markets and enhancing R&D efforts[32]. - The company plans to optimize its gear product structure, focusing on high-value and high-technology products for military and export vehicles[119].

证券代码：603166 证券简称：福达股份 公告编号：2022-002 桂林福达股份有限公司 关于接待机构调研情况的公告 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。 桂林福达股份有限公司（以下简称"公司"）于 2022 年 1 月 18 日通过电话会议交流 形式接待了机构调研，现将情况公告如下： 一、调研情况 时间：2022 年 1 月 18 日 16:00-17:00 调研方式：电话会议交流 调研机构名称（排名不分先后）：上海证券、复星高科技、东北证券、早行人创投、 翰畔创投 公司接待人员：董事、副总经理、财务总监、董事会秘书张海涛；证券事务代表蒋卫龙 二、交流的主要问题及公司回复概要 1. 公司业务结构和占比情况？竞争对手有哪些？ 答：公司主营业务分为乘用车、商用车和非道路领域三个产品配套板块，各业务板块 配套产品占比为：非道路配套产品占比接近 30%、乘用车配套产品占比超过 20%、商用车配 套产品占比近 50%。曲轴产品是公司的核心业务，相关竞争对手有天润工业和丹东五一八 等公司。 2. 公司目前比亚迪 DM ...

戊戌资产、珠海信确资产管理有限公司、宝宏景资产、通治资产、苓茏投资、 上海澜胜资产管理有限公司、浙江宁聚投资管理有限公司、上海中千投资管 理有限公司、上海承周资产管理有限公司、誉华资产管理(上海)有限公司、 参与单位 盛世投资上海公司、上海深腾投资管理有限公司、济成资本、上海天猊投资 名称及人 管理有限公司、上海正淄资产管理有限公司、千波资产、恒穗资产、亮毅投 员姓名 资、泽恒基金、东海投资、璞智投资、安宇基金、万融投资、东莞证券、御 厚投资、温度资本、启览资产、泉上投资、后海资本、财通证券研究所、卓 盈投资、中航证券 证券代码：603166 证券简称：福达股份 桂林福达股份有限公司 投资者关系活动记录表 编号：20211103 | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------|---------------------------|-------|-----------------------------------|-----------|-------|-------------------------- ...

2021 年第三季度报告 证券代码：603166 证券简称：福达股份 桂林福达股份有限公司 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。 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 1 / 11 单位：元 币种：人民币 项目 本报告期 本报告期比 上年同期增 减变动幅度 (%) 年初至报告期末 年初至报告 期末比上年 同期增减变 动幅度(%) 营业收入 346,764,592.61 -24.00% 1,394,998,229.36 10.80% 归属于上市公司股东的净利润 39,681,298.42 -8.97% 158,840,041.78 20.23% 归属于上市公司股东 ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,048,233,636.75, representing a 30.58% increase compared to ¥802,780,566.10 in the same period last year[20] - Net profit attributable to shareholders increased by 34.60% to ¥119,158,743.36 from ¥88,525,768.92 year-on-year[20] - The net profit after deducting non-recurring gains and losses surged by 101.31%, amounting to ¥118,273,328.91 compared to ¥58,752,606.60 in the previous year[20] - The net cash flow from operating activities increased by 72.66% to ¥282,576,399.36 from ¥163,661,116.38 in the same period last year[20] - Basic earnings per share rose to ¥0.20, reflecting a 33.33% increase from ¥0.15 in the same period last year[22] - The weighted average return on net assets increased to 5.17%, up by 1.08 percentage points from 4.09% in the previous year[22] - The company reported a significant increase in cash receipts from sales due to higher operating revenue, contributing to improved cash flow[23] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥3,882,194,897.65, a 14.53% increase from ¥3,389,635,667.74 at the end of the previous year[21] - The net assets attributable to shareholders increased by 12.57% to ¥2,549,600,209.97 from ¥2,264,816,923.56 at the end of the previous year[21] - Total liabilities increased by 18.47% to CNY 1.33 billion from CNY 1.12 billion year-on-year[59] - Total assets increased to ¥2,757,986,427.22, up from ¥2,494,631,757.62 at the end of the previous period[113] - Total liabilities rose to ¥559,935,395.27, compared to ¥470,830,590.92 in the previous period[113] - The company's equity attributable to shareholders rose to CNY 2,549,600,209.97 from CNY 2,264,816,923.56, reflecting an increase of about 12.6%[109] Market and Industry Insights - In the first half of 2021, the automotive industry saw production and sales of 12.569 million and 12.891 million vehicles, respectively, representing year-on-year growth of 24.2% and 25.6%[30] - The production and sales of passenger vehicles reached 9.840 million and 10.007 million units, with year-on-year growth of 26.8% and 27.0%[31] - Commercial vehicle production and sales were 2.730 million and 2.884 million units, showing year-on-year growth of 15.7% and 20.9%[31] - New energy vehicle production and sales exceeded 1.215 million and 1.206 million units, marking a year-on-year increase of 200%[31] - The automotive market is expected to maintain stable recovery, although challenges such as chip supply issues and rising raw material costs persist[30] Production and Operations - The company has established advanced intelligent production lines for passenger and commercial vehicle crankshafts, enhancing production efficiency and product quality[33] - The company operates six forging production lines with a total capacity of 14,000 tons, 8,000 tons, 6,300 tons, and two 4,000 tons hot forging presses, making it a leading forging center in China[35] - The company has invested in advanced equipment, including CNC machines and testing devices, to ensure product quality and precision[34] - The company has implemented lean production strategies, significantly improving production efficiency and reducing costs[41] Research and Development - Research and development expenses amounted to CNY 52.2 million, reflecting a 24% increase from CNY 41.93 million year-on-year, indicating a strong commitment to innovation[54] - The company has developed 162 patents and has been involved in setting industry standards, showcasing its innovation capabilities[40] - The company has achieved IATF16949/ISO14001/OHSAS18001 certifications, enhancing its product quality and management systems[36] Corporate Governance and Compliance - The company held its first extraordinary general meeting on February 24, 2021, approving a proposal to provide related guarantees for a joint venture[70] - The company convened its 2020 annual general meeting on April 23, 2021, approving 13 proposals including the full annual report and profit distribution plan for 2020[70] - The company has committed to compensating for any losses incurred due to violations of commitments by the controlling shareholder[82] - The company has established measures to ensure compliance with regulatory requirements regarding stock issuance and related commitments[82] Environmental and Social Responsibility - The company continues to adhere to environmental management policies, achieving compliance with emission standards for wastewater, waste gas, and noise in the first half of 2021[75] - The company has implemented energy-saving and ecological protection projects, improving energy efficiency and reducing pollutant emissions[77] - The company actively participates in discussions on achieving "carbon neutrality" and enhances its energy-saving awareness and skills[78] Legal Matters - The company is involved in a significant lawsuit with the State Grid Hubei Electric Power Company, claiming a total of RMB 29,814,700 for unpaid electricity fees and penalties[85] - The court ruled in favor of the company, dismissing the original claim, but the State Grid has appealed the decision, which may impact the company's financials[85] - The company has prepared to appeal a court ruling regarding the electricity fee lawsuit, indicating ongoing legal challenges[85] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,290[99] - The largest shareholder, Fuda Holdings Group Co., Ltd., held 412,408,011 shares, accounting for 69.66% of total shares[100] - The company reported a profit distribution of CNY -88,235,806.50, indicating a loss allocation to owners[138] Financial Instruments and Risk Management - The company uses the expected credit loss model to measure impairment for loan commitments and financial guarantee contracts[175] - Financial instruments are classified into three stages based on credit risk: Stage 1 for low credit risk, Stage 2 for significant increase in credit risk, and Stage 3 for credit-impaired[179] - The company assesses expected credit losses for receivables and contract assets individually when there is objective evidence of impairment[180]

证券代码：603166 证券简称：福达股份 公告编号：2021-026 桂林福达股份有限公司 关于参加广西地区上市公司投资者网上集体接待日活动 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。 为进一步加强与投资者的互动交流，桂林福达股份有限公司（简称"公司"）将 参加由广西上市公司协会、深圳市全景网络有限公司共同举办的"2021 年广西地区 上市公司投资者网上集体接待日活动"，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举行， 投资者可以登陆"全景·投资者关系互动平台"网站（http：//ir.p5w.net）参与公 司本次投资者集体接待日活动，活动时间为 2021 年 5 月 21 日（星期五）15:30 至 17:00。 届时公司副总经理、财务总监、董事会秘书张海涛先生将通过网络在线问答互动 的形式，与投资者就公司治理、发展经营情况、融资情况和可持续发展等投资者关注 的问题进行交流。期间，公司高管将全程在线，通过全景网投资者关系互动平台实时 回答投资者的提问。 欢迎广 ...

Financial Performance - Net profit attributable to shareholders increased by 110.68% to CNY 62,178,363.94 compared to the same period last year[6] - Operating revenue rose by 75.37% to CNY 537,928,461.31 compared to the same period last year[6] - Basic earnings per share increased by 110.00% to CNY 0.105 per share[6] - Operating revenue grew by 75.37% year-on-year, driven by increased production and sales in the automotive industry and higher customer demand[13] - Net profit for Q1 2021 reached CNY 62,178,363.94, representing a 110.5% increase from CNY 29,512,908.16 in Q1 2020[29] - Total revenue from sales of goods and services reached CNY 501,603,185.59 in Q1 2021, a substantial increase from CNY 280,336,212.33 in Q1 2020, representing a growth of approximately 79%[32] - The company reported a total comprehensive income of CNY 6,409,831.86 in Q1 2021, a significant improvement from a total comprehensive loss of CNY 3,440,576.11 in Q1 2020, highlighting overall financial recovery[31] Cash Flow - Net cash flow from operating activities surged by 1,138.03% to CNY 117,169,744.98 compared to the same period last year[6] - Cash flow from operating activities increased to CNY 117,169,744.98 in Q1 2021, up from CNY 9,464,213.69 in Q1 2020, reflecting improved cash generation capabilities[32] - The net cash flow from investing activities was negative at CNY -125,261,738.06 in Q1 2021, worsening from CNY -26,708,427.08 in Q1 2020, indicating increased capital expenditures[33] - The net cash flow from financing activities was -$95,279,833.33, indicating a substantial outflow compared to a positive cash flow of $50,037,137.50 in the previous period[35] Assets and Liabilities - Total assets increased by 2.85% to CNY 3,486,259,887.02 compared to the end of the previous year[6] - Other receivables increased by 178.78% compared to the beginning of the period, mainly due to increased personal petty cash and unaccounted insurance fees[12] - Other non-current assets increased by 120.27% compared to the beginning of the period, mainly due to the increase in prepaid equipment and land acquisition costs[13] - Contract liabilities increased by 106.51% compared to the beginning of the period, primarily due to the increase in advance payments for scrap iron[13] - Total liabilities for Q1 2021 were CNY 450,375,137.59, a decrease from CNY 470,830,590.92 in the previous period[25] - Total equity increased to CNY 2,030,210,998.56 in Q1 2021, compared to CNY 2,023,801,166.70 in the previous period[25] Expenses - The company reported a significant increase in sales expenses by 47.91% to CNY 10,301,570.10 compared to the previous year[11] - Operating costs increased by 75.47% year-on-year, mainly due to the rise in operating revenue[13] - Financial expenses increased by 32.57% year-on-year, primarily due to a larger amount of cash discounts and increased discount interest[13] - Research and development expenses for Q1 2021 were CNY 23,035,398.29, up from CNY 19,732,671.98 in Q1 2020[28] - The company reported a financial expense of CNY 8,079,138.11 in Q1 2021, compared to CNY 6,094,461.55 in Q1 2020[28] Investment Performance - Investment income improved by 78.76% compared to the previous year, indicating a recovery in investment performance[12] - Investment income increased by 78.76% year-on-year, primarily due to a reduction in losses from Fuda Alfin[13] - Asset disposal gains increased by 3202.73% year-on-year, mainly due to higher gains from fixed asset disposals[13] Operational Changes - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company incurred R&D expenses of CNY 4,043,532.83 in Q1 2021, down from CNY 4,999,266.50 in Q1 2020, indicating a reduction in investment in research and development[31] - The company’s management expenses increased to CNY 11,575,407.80 in Q1 2021 from CNY 11,231,580.87 in Q1 2020, indicating a rise in operational costs[31]

Financial Performance - The company achieved a consolidated net profit of CNY 200,584,148.36 for the year 2020, representing a 50.47% increase compared to CNY 133,306,612.36 in 2019[4]. - Total operating revenue for 2020 was CNY 1,770,306,191.79, up 16.87% from CNY 1,514,774,256.12 in 2019[19]. - The company's basic earnings per share (EPS) increased by 54.55% to CNY 0.34 in 2020 compared to CNY 0.22 in 2019[20]. - Net profit for the reporting period rose by 50.47%, while net profit excluding non-recurring gains increased by 55.13% due to higher operating income and reduced costs from pandemic relief policies[20]. - The weighted average return on equity (ROE) improved by 2.85 percentage points to 9.14% in 2020 from 6.29% in 2019[20]. - The net profit attributable to shareholders was 200.58 million yuan, up 50.47% year-on-year, while the net profit after deducting non-recurring gains and losses was 149.51 million yuan, an increase of 55.13% year-on-year[48]. - The gross profit margin for the automotive and internal combustion engine parts sector was 25.73%, with a year-on-year increase of 0.14 percentage points[63]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 21.69% to CNY 272,107,984.70 in 2020 from CNY 347,486,955.06 in 2019[19]. - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 118,403,742.00, based on a total share capital of 592,018,710 shares[4]. - For the year 2020, the cash dividend was increased to 2.00 RMB per 10 shares, amounting to 118,403,742.00 RMB, with a payout ratio of 59.03%[125]. - The company distributed a cash dividend of 1.5 RMB per 10 shares for the year 2019, totaling 89,288,806.50 RMB, with a payout ratio of 66.98%[125]. Assets and Liabilities - The company's total assets increased by 5.52% to CNY 3,389,635,667.74 at the end of 2020, compared to CNY 3,212,353,820.64 at the end of 2019[19]. - The net assets attributable to shareholders of the listed company rose by 5.32% to CNY 2,264,816,923.56 at the end of 2020 from CNY 2,150,327,481.70 at the end of 2019[19]. - The company's cash and cash equivalents increased by 48.92% to ¥227,165,139.21, representing 6.70% of total assets[73]. - The accounts receivable rose by 13.45% to ¥500,386,330.75, accounting for 14.76% of total assets[73]. Production and Sales - The production of crankshafts reached 1,121,670 units, with sales of 1,108,261 units, marking an increase of 27.91% in production and 22.68% in sales year-on-year[64]. - Sales of crankshafts increased by 22.68% to 1,108,261 units, compared to 903,363 units in the previous year[79]. - The company achieved an annual production of over 100 large molds, enhancing its manufacturing capabilities and extending its product supply chain[39]. Research and Development - The company invested nearly 90 million yuan in R&D, accounting for 5.05% of operating revenue in 2020[53]. - The company filed for and received acceptance of 70 patents in 2020, including 23 invention patents[54]. - The company has advanced production equipment, including CNC machines and heat treatment lines, ensuring high product quality and efficiency[36][37]. Market Position and Strategy - The company aims to expand its customer base from primarily domestic manufacturers to include international clients[30]. - The company has established long-term partnerships with major domestic engine and vehicle manufacturers, significantly strengthening its industry position and increasing its supply scale[41]. - The company is focused on resolving supply chain issues with raw material suppliers to reduce costs and improve competitiveness[114]. Corporate Governance and Compliance - The company has maintained compliance with environmental regulations and has not faced any administrative penalties during the reporting period[155]. - The company has a governance structure that complies with the requirements of the Company Law and the Securities Law[191]. - The company emphasizes internal control and performance evaluation as key research areas for its independent directors[178]. Social Responsibility - The company actively participated in poverty alleviation efforts, with over 90% of its 2,000 employees involved in related activities[148]. - The company donated RMB 300,000 to develop a chili planting demonstration base, resulting in an additional income of over RMB 100,000 for poor households[149]. - A total of 2.208 million RMB was allocated for poverty alleviation efforts, including employment support for 37 registered impoverished households[151].

Financial Performance - Net profit attributable to shareholders increased by 60.79% to CNY 132,115,313.22 for the first nine months of the year[7]. - Operating income rose by 17.54% to CNY 1,259,025,873.05 year-on-year[7]. - Basic earnings per share increased by 57.14% to CNY 0.22 per share[7]. - The weighted average return on equity increased by 2.20 percentage points to 6.10%[7]. - Net profit increased by 60.79% to ¥132,115,313.22, driven by an increase in operating income[12]. - Net profit for the first three quarters of 2020 was ¥119,691,287.89, compared to ¥66,887,738.87 in the same period of 2019, indicating an increase of 79.0%[24]. - The net profit for Q3 2020 reached CNY 9,045,931.48, compared to a net loss of CNY 1,614,974.27 in Q3 2019, indicating a significant turnaround[29]. - The total profit for Q3 2020 was CNY 11,485,342.68, compared to a loss of CNY 1,550,194.66 in the same period last year[29]. Assets and Liabilities - Total assets increased by 6.69% to CNY 3,427,303,719.25 compared to the end of the previous year[7]. - Total assets increased to ¥3,427,303,719.25 from ¥3,212,353,820.64, reflecting overall growth[17]. - Total liabilities increased to ¥1,063,048,333.30 from ¥876,330,026.46, indicating a rise in financial obligations[17]. - Total current liabilities were CNY 876,330,026.46 as of the third quarter of 2020[37]. - Total liabilities amounted to CNY 1,062,026,338.94 as of the third quarter of 2020[38]. - Total equity attributable to shareholders was CNY 2,150,327,481.70 as of the third quarter of 2020[38]. Cash Flow - Net cash flow from operating activities increased by 17.90% to CNY 365,275,942.99 for the first nine months[7]. - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 1,286,561,312.92, an increase of 12.2% compared to CNY 1,145,950,905.96 in the same period of 2019[30]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 365,275,942.99, up from CNY 309,813,177.15 in 2019, representing a growth of 17.9%[30]. - The net cash flow from investing activities was negative at -¥86,866,904.69, primarily due to reduced fixed asset purchases[13]. - The cash outflow for investing activities in the first three quarters of 2020 was CNY 88,303,384.79, a decrease of 38.8% compared to CNY 144,279,158.45 in the same period of 2019[31]. - The net cash flow from investing activities for the first three quarters of 2020 was -CNY 86,866,904.69, an improvement from -CNY 141,796,103.31 in 2019[31]. - The cash inflow from financing activities for the first three quarters of 2020 was CNY 518,000,000.00, slightly down from CNY 519,332,450.00 in 2019[31]. - The net cash flow from financing activities for the first three quarters of 2020 was -CNY 82,985,235.49, compared to -CNY 177,537,495.11 in 2019, indicating a reduction in cash outflow[31]. Shareholder Information - The company had a total of 22,882 shareholders at the end of the reporting period[10]. - The largest shareholder, Fuda Holdings Group, holds 69.66% of the shares, with 203,150,000 shares pledged[10]. Other Income and Expenses - Non-operating income from government subsidies amounted to CNY 53,075,636.48 for the first nine months[9]. - Other income increased by 88.55% to ¥53,075,636.48, primarily due to an increase in government subsidies received[12]. - The company reported a decrease in other receivables to ¥71,262,201.21 from ¥171,837,520.45, a decline of 58.6%[20]. - Research and development expenses for Q3 2020 were ¥22,666,468.01, up from ¥19,628,441.11 in Q3 2019, indicating a growth of 10.4%[24]. - Interest expenses for Q3 2020 were CNY 1,191,006.70, compared to CNY 867,848.82 in Q3 2019, indicating increased borrowing costs[28].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 802,780,566.10, representing a 6.31% increase compared to CNY 755,107,084.36 in the same period last year[18]. - The net profit attributable to shareholders of the listed company increased by 30.00% to CNY 88,525,768.92 from CNY 68,098,891.72 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 10.74% to CNY 58,752,606.60[18]. - The basic earnings per share for the first half of 2020 was CNY 0.15, a 36.36% increase from CNY 0.11 in the same period last year[19]. - The weighted average return on net assets increased by 0.91 percentage points to 4.09% compared to 3.18% in the previous year[19]. - The total amount of non-recurring losses from asset disposals was RMB -11,210.84, indicating some financial adjustments during the reporting period[23]. - The company reported a total comprehensive income for the period was CNY 68,098,891.72, contributing positively to the equity[130]. Cash Flow and Assets - The net cash flow from operating activities decreased by 32.18% to CNY 163,661,116.38, primarily due to a reduction in bank acceptance bill discounting compared to the previous year[20]. - The total assets at the end of the reporting period were CNY 3,326,834,459.88, an increase of 3.56% from CNY 3,212,353,820.64 at the end of the previous year[18]. - Cash and cash equivalents increased by 42.20% to CNY 216,910,591.35, compared to CNY 152,539,980.21 in the previous year, primarily due to increased bank loans[61]. - The company's total liabilities increased by 10.55% to CNY 1,174,075,915.76, up from CNY 1,062,026,338.94, indicating a rise in short-term borrowings[60]. - The company's inventory increased by 10.17% to CNY 456,752,482.38, compared to CNY 414,590,630.51, suggesting a buildup in stock levels[60]. Business Operations and Strategy - The company’s main business includes the R&D, production, and sales of engine crankshafts, clutches, spiral bevel gears, precision forgings, and high-strength bolts, with a focus on commercial vehicles, passenger vehicles, and agricultural machinery[32]. - The company has established a wholly-owned subsidiary in Europe, Fuda Technology (Europe) Co., Ltd., to enhance technical R&D, customer maintenance, and market expansion efforts[33]. - The company is expanding its product offerings to include marine and large engineering machinery crankshafts through joint ventures[32]. - The company has undergone a leadership change, with new appointments including Li Fuchao as Chairman and Zhao Hongwei as General Manager[28]. - The company has made significant progress in developing new products and markets, particularly in the crankshaft business, with successful product development for high-end overseas clients like Cummins and Caterpillar[50]. Market and Industry Context - In the first half of 2020, the automotive industry in China saw production and sales of 10.11 million and 10.26 million vehicles, respectively, representing year-on-year declines of 16.8% and 16.9%[35]. - Passenger vehicle production and sales reached 7.75 million and 7.87 million units, with year-on-year declines of 22.5% and 22.4%[36]. - Commercial vehicle production and sales increased to 2.36 million and 2.38 million units, showing year-on-year growth of 9.5% and 8.6%[36]. - New energy vehicle production and sales fell significantly to 397,000 and 393,000 units, with declines of 36.5% and 37.4% year-on-year[36]. Research and Development - Research and development expenses increased by 21.47% to CNY 41,934,524.77, up from CNY 34,521,794.56, indicating a focus on enhancing product development[57]. - The company has been recognized as a high-tech enterprise and has developed 147 patents, enhancing its R&D capabilities[43]. - The company has established a post-doctoral innovation practice base and collaborates with renowned research institutions to strengthen its talent pool and innovation capabilities[43]. Environmental and Social Responsibility - The company has successfully passed the clean production audit and is committed to reducing waste and emissions through the use of clean energy sources[91]. - The company has implemented a green manufacturing project, with two subsidiaries recognized as green factories in Guangxi Zhuang Autonomous Region[91]. - The company has not faced any administrative penalties for environmental violations during the reporting period[91]. Corporate Governance and Compliance - The company has conducted three shareholder meetings during the reporting period, all compliant with legal regulations[72]. - The company has not faced any penalties or corrective actions against its directors, supervisors, senior management, or controlling shareholders during the reporting period[80]. - The financial statements were approved by the board of directors on August 18, 2020, indicating a commitment to transparency and compliance with accounting standards[144]. Financial Management and Capital Structure - The company confirmed that there were no significant changes in the integrity status of its controlling shareholders during the reporting period[81]. - The company reported a profit distribution of CNY -89,657,806.50, which includes allocations to shareholders[130]. - The total equity attributable to the parent company at the end of the reporting period was CNY 2,088,193,898.56, a decrease from CNY 2,106,243,450.84 at the end of the previous year[129].