Financial Performance - The company's operating revenue for Q1 2023 was ¥601,738,494.94, representing a decrease of 18.28% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥27,263,434.13, down 6.38% year-on-year[5]. - Basic earnings per share decreased by 30.61% to ¥0.34 due to an increase in share capital compared to the same period last year[6]. - Total revenue for Q1 2023 was CNY 601,738,494.94, a decrease of 18.3% compared to CNY 736,348,007.39 in Q1 2022[18]. - Net profit for Q1 2023 was CNY 29,478,238.05, a decline of 3.7% from CNY 30,595,044.79 in Q1 2022[19]. - In Q1 2023, the total comprehensive income attributable to the parent company was CNY 26,831,058.51, a decrease of 7.5% from CNY 28,993,227.56 in Q1 2022[20]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.34, down from CNY 0.49 in Q1 2022, reflecting a decline of 30.6%[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,452,224,800.34, an increase of 7.35% from the end of the previous year[6]. - Total assets reached CNY 2,452,224,800.34, an increase of 7.4% from CNY 2,284,320,361.71 at the end of 2022[16]. - Total liabilities amounted to CNY 1,073,710,132.45, up from CNY 960,994,191.87 at the end of 2022[16]. - The company’s total equity increased to CNY 1,378,514,667.89 as of March 31, 2023, from CNY 1,323,326,169.84 at the end of 2022[16]. Cash Flow - The net cash flow from operating activities was ¥68,618,448.00, a decrease of 1.06% compared to the same period last year[5]. - Cash inflow from operating activities in Q1 2023 was CNY 747,172,522.65, a decrease of 22.0% compared to CNY 958,655,042.60 in Q1 2022[21]. - Net cash flow from operating activities for Q1 2023 was CNY 68,618,448.00, slightly down from CNY 69,356,264.20 in Q1 2022[22]. - Cash outflow from investing activities in Q1 2023 totaled CNY 365,684,667.82, significantly higher than CNY 33,698,311.85 in Q1 2022[22]. - The net cash flow from financing activities in Q1 2023 was CNY 78,631,254.29, an increase of 126.0% from CNY 34,776,640.22 in Q1 2022[22]. - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 772,141,650.37, compared to CNY 175,860,422.81 at the end of Q1 2022, indicating a substantial increase[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,054[10]. - The largest shareholder, 常熟势龙股权管理企业 (Commonwealth Equity Management), holds 35.56% of the shares[10]. Research and Development - The company reported a decrease in R&D expenses to CNY 4,483,398.05 in Q1 2023, down from CNY 8,874,164.27 in Q1 2022[19]. Other Information - The company did not report any new product developments or market expansion strategies during this quarter[12]. - Non-recurring gains and losses totaled ¥817,955.65 after tax adjustments[8]. - The company reported a foreign currency translation difference of -CNY 432,375.62 in Q1 2023, worsening from -CNY 128,128.35 in Q1 2022[20]. - The company received CNY 327,000,000.00 from investment recoveries in Q1 2023, compared to no such income in Q1 2022[22]. - The total cash inflow from operating activities included CNY 44,283,336.84 in tax refunds, down from CNY 58,523,914.03 in Q1 2022, reflecting a decrease of 24.3%[21]. - The company’s inventory decreased to CNY 410,958,022.30 as of March 31, 2023, compared to CNY 421,351,272.87 at the end of 2022[14]. - The company’s financial expenses decreased to CNY 8,891,812.62 in Q1 2023, down from CNY 9,234,675.49 in Q1 2022[19].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：603201 证券简称：常润股份 公告编号：2023-020 常熟通润汽车零部件股份有限公司 关于召开 2022 年年度业绩说明会的公告 ●投资者可以在 2023 年 4 月 24 日（星期一）至 4 月 25 日（星期二）下午 16:00 前 通过公告后附的电话、邮件等联系公司，提出所关注的问题，公司将在说明会上选择投 资者普遍关注的问题进行回答。 常熟通润汽车零部件股份有限公司（以下简称"公司"）已于 2023 年 4 月 11 日披 露了《常熟通润汽车零部件股份有限公司 2022 年年度报告》，为便于广大投资者更全面 深入地了解公司 2022 年年度的经营成果及财务状况，公司决定于 2023 年 4 月 26 日通过 网络文字互动方式召开"常熟通润汽车零部件股份有限公司 2022 年年度业绩说明会"。 本次业绩说明会以网络方式召开，公司将针对 2022 年年度的经营成果及财务指标的 具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就投资者 ...

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of 173,288,840.64 CNY, with the parent company reporting a net profit of 31,313,893.89 CNY[6]. - The total distributable profit for the parent company reached 225,377,773.23 CNY, with a proposed cash dividend of 4.20 CNY per 10 shares, totaling 33,387,200.28 CNY[6]. - The cash dividend represents 19.27% of the net profit attributable to ordinary shareholders[6]. - The company's operating revenue for 2022 was ¥2,762,268,070.13, a decrease of 9.60% compared to ¥3,055,736,581.61 in 2021[23]. - The net profit attributable to shareholders of the listed company increased by 21.90% to ¥173,288,840.64 in 2022 from ¥142,153,467.40 in 2021[23]. - The net cash flow from operating activities surged to ¥222,441,484.90, a significant increase of 3,264.45% compared to ¥6,611,529.67 in 2021[23]. - The total assets at the end of 2022 reached ¥2,284,320,361.71, reflecting a growth of 19.42% from ¥1,912,881,561.55 in 2021[23]. - The basic earnings per share for 2022 was ¥2.55, representing a 7.14% increase from ¥2.38 in 2021[24]. - The weighted average return on equity decreased to 19.23% in 2022, down by 7.60 percentage points from 26.83% in 2021[24]. - The net profit after deducting non-recurring gains and losses was ¥165,955,580.52, an increase of 27.85% from ¥129,808,333.07 in 2021[23]. Business Operations and Strategy - The company operates in the automotive parts sector, focusing on both OEM and aftermarket markets[14]. - The company plans to increase its total share capital from 79,493,334 shares to 111,290,668 shares through a capital reserve transfer of 4 shares for every 10 shares held[7]. - The company has outlined various risk factors that may affect its future development strategies and operational goals[9]. - The company is actively developing professional automotive maintenance equipment for the new energy vehicle aftermarket, aiming to create new growth points[35]. - The company optimized its supply chain by adjusting the layout of its production base in Changshu, improving efficiency and reducing costs[34]. - The company has initiated the construction of a new production base and R&D center for automotive maintenance equipment, with the bidding and approval processes completed in December 2022[38]. - The company is implementing an ERP system upgrade to enhance digital management and operational efficiency across its business units[38]. - The company has established a strong presence in the automotive aftermarket, serving over 30,000 stores across more than 100 countries, with major clients including Walmart and Autozone[44]. - The company holds a market share of over 35% in the domestic OEM market, collaborating with major manufacturers such as Ford, GM, and Volkswagen[45]. Market Trends and Projections - The global automotive aftermarket is projected to grow at an annual rate of approximately 3%, reaching a market size of €1,200 billion by 2030[39]. - The automotive aftermarket in China is expected to grow from CNY 1.07 trillion in 2017 to CNY 1.74 trillion by 2025, with a compound annual growth rate (CAGR) of 6.3%[40]. - By the end of 2022, the total number of vehicles in China reached 319 million, indicating a continuous increase in vehicle ownership, although the per capita vehicle ownership remains lower than that of developed countries[40]. - The proportion of vehicles over 5 years old in China increased from 39% in 2010 to 47% in 2018, leading to higher maintenance demand in the aftermarket[41]. - In 2022, global automotive production reached 85.1 million units, a 6.0% increase from 2021, with a forecasted growth of 4.0% in 2023[42]. - In China, automotive production and sales in 2022 were 27.02 million and 26.86 million units, respectively, representing year-on-year growth of 3.4% and 2.1%[43]. - The market share of new energy vehicles in China reached 25.6% in 2022, with sales exceeding 6.8 million units[43]. Research and Development - The company reduced its R&D expenses by 38.59% to CNY 36,504,064.73 due to a decrease in the number of new R&D projects[54]. - The total R&D expenditure was 36.50 million yuan, which is 1.32% of the operating revenue[66]. - The number of R&D personnel was 124, making up 5.13% of the total workforce[67]. - The company has obtained over 300 domestic and international patents, indicating a strong focus on innovation and technology development[49]. - The company plans to invest in R&D and develop new products targeting the aftermarket for electric vehicles to create new growth points[101]. Environmental and Social Responsibility - The company invested 3.6136 million yuan in environmental protection during the reporting period[153]. - The subsidiary Chengde Runhan is a key pollutant discharge unit, managing various pollutants including COD and nitrogen compounds[154]. - Wastewater from production is treated at a sewage treatment plant, with 2022 discharge concentrations for COD at less than 46 mg/L and ammonia nitrogen at less than 1.23 mg/L, both below the discharge limits[156]. - The company has implemented pollution control facilities, including a sewage treatment station and various air pollution control devices, ensuring compliance with emission standards[159]. - The company did not face any administrative penalties related to environmental issues during the reporting period[163]. - The company made a total donation of 10,000 CNY to the Changshu Charity Foundation during the "Chinese Charity Day" event[164]. Governance and Management - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - The management team has over 20 years of industry experience, enhancing the company's competitive advantage[52]. - The company has established a performance evaluation and incentive mechanism for senior management based on multiple factors including operational performance and management efficiency[149]. - The company has a structured salary system that ensures internal equity and competitiveness in attracting talent[138][139]. - The company has appointed independent directors and management positions during the board meetings held in January and February 2022[128]. - The company has a diverse board with members holding positions in various other organizations, enhancing its governance structure[125]. Shareholder and Financial Policies - The company plans to distribute a cash dividend of 4.20 RMB per 10 shares, totaling approximately 33.39 million RMB, which represents 19.27% of the net profit attributable to ordinary shareholders[143][147]. - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be distributed as cash dividends if there are no major investment plans[142]. - The company will use raised funds to increase the registered capital of its wholly-owned subsidiary, Changshu Tianrun Automotive Maintenance Equipment Co., Ltd.[133]. - The company has established a profit distribution policy to ensure stable returns for investors, including a three-year dividend plan post-listing[191]. - The actual controller, JUN JI, has committed to not interfering in the company's management and to fulfill compensation measures for investors[192]. Risks and Challenges - The company faces risks related to potential slowdowns in global automotive ownership growth, which could negatively impact the aftermarket demand[99]. - The company has not reported any significant changes in competition or business operations that would impact its performance[111]. - The company has not disclosed any significant mergers or acquisitions during the reporting period[111]. - The company has implemented various measures to mitigate the impact of currency fluctuations, including a pricing mechanism linked to exchange rates[107].

2022 年第三季度报告 证券代码：603201 证券简称：常润股份 常熟通润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。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 653,507,862.95 | -24.53 | 2,120,427,637.80 | -7. ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,466,919,774.85, representing a 2.24% increase compared to CNY 1,434,723,090.48 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 70,790,571.33, a 35.21% increase from CNY 52,355,583.12 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 66,639,493.54, up 38.07% from CNY 48,265,100.35 year-on-year[19]. - The net cash flow from operating activities was CNY 127,042,825.21, a significant recovery from a negative cash flow of CNY -14,647,266.02 in the same period last year[19]. - The basic earnings per share for the current reporting period is CNY 1.19, representing a 35.23% increase compared to CNY 0.88 in the same period last year[20]. - The diluted earnings per share for the current reporting period is also CNY 1.19, reflecting a 35.23% increase year-over-year[20]. - The net profit attributable to shareholders of the listed company increased significantly due to continued growth in operating revenue and improved gross profit margin[20]. - The net cash flow from operating activities showed a substantial increase compared to the same period last year, attributed to good accounts receivable collection and a reduction in inventory[21]. - The weighted average return on equity rose to 11.12%, an increase of 0.33 percentage points from the previous year[20]. - The company achieved a total revenue of 146,691.98 million yuan in the first half of 2022, representing a year-on-year growth of 2.24%[54]. - The net profit attributable to shareholders was 7,079.06 million yuan, with a significant year-on-year increase of 35.21%[54]. - The company's cash flow from operating activities reached 12,704.28 million yuan during the same period[54]. Market Position and Product Offerings - The company focuses on the research, development, manufacturing, and sales of various jacks and related products, serving over 100 countries and regions globally[30]. - The automotive aftermarket is projected to grow at an annual rate of 3%, reaching EUR 1,200 billion by 2030, indicating a strong market potential for the company's products[28]. - The automotive industry in China is expected to see sales reach 27 million vehicles in 2022, with a year-on-year growth of approximately 3%[30]. - The company has maintained the number one market share in the global spiral jack market since 2015, with a market share of approximately 20% in the global passenger car market and over 35% in the domestic market for vehicle-mounted jacks as of 2021[31]. - The company offers nearly 270 specifications of commercial jacks, which have ranked first in sales for over ten consecutive years, covering more than 30,000 large chain supermarkets and automotive repair chains globally[31]. - The product categories include commercial jacks and tools, vehicle-mounted components, professional automotive maintenance equipment, and purchased auxiliary products, primarily targeting the automotive aftermarket[32]. - The automotive aftermarket is divided into seven major industries, including automotive maintenance and parts, where the company's products are positioned[35]. - The company collaborates with major automotive manufacturers such as Ford, General Motors, Volkswagen Group, Renault, and Nissan for vehicle-mounted jacks[31]. - The professional automotive maintenance equipment is designed for high strength and safety, catering to the needs of 4S shops, repair shops, and modification shops[39]. - The company’s vehicle-mounted jacks are specifically developed to meet the reliability and sealing performance requirements of different vehicles[32]. - The company’s commercial jacks are primarily sold to large supermarkets and automotive repair chains, with end consumers being individual household users[36]. - The company’s product design emphasizes high strength, long service life, and stability, suitable for various vehicle lifting applications[40]. - The company’s auxiliary products include tools and cabinets that complement lifting equipment, enhancing the overall service offering in the automotive aftermarket[34]. Research and Development - The company has over 250 patents, including more than 80 invention patents, demonstrating its commitment to innovation and product development[47]. - The company plans to increase investment in R&D for new products targeting the electric vehicle maintenance market, aiming to create new revenue growth points[78]. - The company's research and development expenses for the first half of 2022 were approximately ¥13.70 million, a decrease of 10.1% from ¥15.24 million in the first half of 2021[183]. Supply Chain and Operations - The company has a stable supply chain for key raw materials, ensuring quality and timely delivery, with at least two qualified suppliers for each product[44]. - The company employs a "sales-driven production" model, which effectively controls inventory levels and procurement costs, maximizing operational efficiency[43]. - The company has successfully integrated into mature aftermarket markets in North America and Europe, establishing a sales network in over 100 countries[48]. - The company actively utilizes e-commerce platforms such as JD.com, Tmall, and Amazon to diversify its sales channels[45]. - The company has a robust quality assurance system in place for outsourced processing, ensuring that all products meet the specified technical standards[44]. - The company has established overseas warehouses in both the eastern and western United States, including a nearly 100,000 square feet warehouse in Los Angeles, which has been upgraded to an automated storage model[60]. - The company has a comprehensive logistics and customs clearance strategy tailored to different sales models, ensuring efficient delivery to both domestic and international customers[46]. Risks and Challenges - The company faces risks from a potential slowdown in global automotive ownership growth, which could negatively impact demand for its automotive maintenance products[76]. - The company faces potential foreign exchange losses due to the appreciation of the RMB against the USD, as its overseas sales are primarily settled in USD[85]. - The company has implemented multiple measures to mitigate foreign exchange risks, including establishing a currency-linked pricing mechanism and reducing the proportion of foreign currency settlements[85]. - The domestic automotive market has seen a continuous increase in ownership, with over 302 million vehicles by the end of 2021, providing a strong foundation for the aftermarket[77]. - The global automotive industry has experienced a decline in production and sales since 2018, with a 6.6% year-on-year decrease in domestic automotive sales in the first half of 2022[80]. - Fluctuations in raw material prices, particularly steel, significantly impact the company's operating performance, with a notable decrease in steel prices benefiting profit margins in the first half of 2022[81]. - The company's sales revenue from exports to the United States accounted for over 40% of its main business income in recent years, posing risks due to escalating China-U.S. trade tensions[83]. Environmental and Regulatory Compliance - The company has established a wastewater treatment plant with stable and compliant treatment effects[104]. - In 2022, the emission concentration of particulate matter from the electrophoresis process was less than 1.6 mg/L, significantly below the limit of 25 mg/L[101]. - The emission concentration of volatile organic compounds (non-methane total hydrocarbons) from the electrophoresis process was less than 5.33 mg/L, well below the limit of 30 mg/L[102]. - The company has no instances of exceeding emission standards during the reporting period[102]. - The company has committed to environmental protection measures, including a response plan for sudden environmental incidents[107]. - The company has received a national pollutant discharge permit valid from August 22, 2020, to August 21, 2023[106]. Shareholder Commitments and Governance - The company has a commitment period for share restrictions from July 29, 2022, to July 28, 2025, for its actual controller and major shareholders[112]. - The company has undertaken environmental impact assessments for its projects, with approvals obtained from relevant authorities[106]. - The company has established a commitment to ensure that any unfulfilled share reduction obligations will result in the proceeds being returned to the company[119]. - The company’s board members and senior management are also subject to a 12-month lock-up commitment on their shares[121]. - The commitments are designed to maintain market stability and protect investor interests during the initial trading period[120]. - The company will comply with any new regulations regarding share lock-up periods as mandated by regulatory authorities[117]. - The company has outlined legal consequences for any breaches of these commitments, including potential compensation for losses incurred by the company or investors[120]. Future Outlook - The company plans to deepen its global marketing network, particularly targeting the ASEAN market, to strengthen brand influence and market position[133]. - The management remains optimistic about future growth prospects, driven by ongoing product development and market expansion strategies[194]. - The company intends to accelerate the construction of fundraising projects to achieve expected returns as soon as possible[134].