Financial Performance - The company's operating revenue for Q3 2022 was ¥273,840,580.79, representing a year-on-year increase of 33.9%[6] - The net profit attributable to shareholders for Q3 2022 was ¥16,553,460.66, a decrease of 12.98% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,076,669.14, down 7.13% year-on-year[6] - Total operating revenue for the first three quarters of 2022 reached ¥719,399,399.85, an increase from ¥620,932,528.70 in the same period of 2021, representing a growth of approximately 15.9%[19] - Operating profit for the first three quarters of 2022 was ¥53,170,877.89, compared to ¥57,355,805.29 in the previous year, reflecting a decrease of approximately 7.7%[20] - The net profit for Q3 2022 was ¥50,487,721.68, a decrease of 5.7% compared to ¥53,515,919.89 in Q3 2021[21] - The total comprehensive income for Q3 2022 was ¥50,487,721.68, down from ¥53,515,919.89 in the same period last year, reflecting a decline of 5.7%[22] - Basic and diluted earnings per share for Q3 2022 were both ¥0.24, compared to ¥0.26 in Q3 2021, indicating a decrease of 7.7%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,714,542,068.37, an increase of 26.66% compared to the end of the previous year[7] - Total assets as of September 30, 2022, were ¥1,714,542,068.37, up from ¥1,353,659,566.89 at the end of 2021, indicating a growth of about 26.7%[16] - Total liabilities decreased to ¥590,331,020.67 as of September 30, 2022, from ¥683,350,743.64 at the end of 2021, reflecting a reduction of approximately 13.6%[17] - Shareholders' equity increased to ¥1,124,211,047.70 as of September 30, 2022, compared to ¥670,308,823.25 at the end of 2021, representing a growth of about 67.6%[17] Cash Flow - The cash flow from operating activities for the year-to-date was -¥19,879,580.35, reflecting a decrease of 150.42%[7] - Cash flow from operating activities for the first nine months of 2022 was negative at -¥19,879,580.35, compared to a positive cash flow of ¥39,427,584.38 in the same period of 2021[23] - The total operating cash outflow for Q3 2022 was ¥728,278,316.82, compared to ¥619,838,909.34 in Q3 2021, indicating an increase of 17.5%[23] - The net increase in cash and cash equivalents for Q3 2022 was ¥147,417,911.62, compared to a decrease of -¥74,494,021.04 in Q3 2021[24] - The cash and cash equivalents at the end of Q3 2022 stood at ¥183,633,978.81, a substantial increase from ¥21,969,997.69 at the end of Q3 2021[24] - Cash and cash equivalents as of September 30, 2022, amounted to ¥192,184,328.81, significantly higher than ¥49,129,777.80 at the end of 2021, showing an increase of about 290.5%[15] Costs and Expenses - Total operating costs for the first three quarters of 2022 were ¥663,113,249.73, up from ¥564,221,636.33 in 2021, indicating an increase of about 17.5%[20] - Research and development expenses for the first three quarters of 2022 were ¥25,615,671.02, slightly down from ¥25,894,683.38 in the same period of 2021, indicating a decrease of about 1.1%[20] - The company reported a net impairment loss of ¥4,288,610.94 for the first three quarters of 2022, compared to a loss of ¥2,469,991.34 in the previous year, reflecting an increase in impairment losses[20] Market and Operations - The company expanded its domestic and international markets, leading to increased customer demand, which contributed to the rise in operating revenue[10] - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in this report[1] Non-Recurring Items - Non-recurring gains and losses for Q3 2022 totaled -¥523,208.48, with government subsidies included in the total amount of ¥670,551.72[9] - Total cash inflow from financing activities in Q3 2022 was ¥657,345,600.00, significantly higher than ¥138,780,000.00 in Q3 2021, representing an increase of 373.5%[23] - The company raised ¥419,885,600.00 from investments in Q3 2022, compared to ¥12,000,000.00 in Q3 2021, marking a significant increase of 3,399.0%[23]

Share Capital and IPO - The company plans to issue 67.952 million new shares, increasing the total share capital to 271.808 million shares after the IPO[6]. - The company has received approval from the China Securities Regulatory Commission for its IPO on June 30, 2022[6]. - The company’s stock began trading on the Shanghai Stock Exchange on July 25, 2022[6]. - The actual controller and shareholders committed to not transferring or entrusting management of their shares for 36 months from the date of listing[62]. - If the closing price of the company's stock is below the issue price for 20 consecutive trading days within six months post-listing, the lock-up period will automatically extend by six months[62]. - Shareholders are restricted to transferring no more than 25% of their shares annually after the lock-up period[63]. - The company will not repurchase shares held by shareholders during the lock-up period[63]. - The company will strictly adhere to the stock repurchase obligations and responsibilities as per the stable stock price plan[64]. - The company will urge relevant parties to fulfill their responsibilities and obligations under the stable stock price plan[65]. - If the company fails to fulfill its commitment to stabilize the stock price, it will publicly explain the reasons and apologize to shareholders and investors[65]. Financial Performance - The company's operating revenue for the first half of 2022 was ¥445,558,819.06, representing a 7.00% increase compared to ¥416,421,859.56 in the same period last year[17]. - The net profit attributable to shareholders was ¥35,960,955.02, a 3.17% increase from ¥34,857,279.54 year-on-year[17]. - The net cash flow from operating activities decreased by 91.08% to ¥5,634,757.97, primarily due to increased inventory purchases related to expanded operations and higher order volumes[18]. - The company's total assets increased by 4.48% to ¥1,414,313,935.64 from ¥1,353,659,566.89 at the end of the previous year[17]. - The basic earnings per share rose to ¥0.18, a 5.88% increase from ¥0.17 in the same period last year[18]. - The weighted average return on equity decreased to 5.31%, down 0.55 percentage points from the previous year[18]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2022, representing a 20% year-over-year growth[72]. - The total comprehensive income for the first half of 2022 was approximately 35.96 million, a decrease of 1.62 million compared to the previous period[118]. Risks and Challenges - The company has not reported any significant risks that could materially affect its operations during the reporting period[5]. - The company has detailed various risks and countermeasures in the management discussion and analysis section of the report[5]. - The automotive industry faced challenges in the first half of 2022, with a 3.7% decline in vehicle production and a 6.6% decline in sales year-on-year[23]. - The company faces risks related to fluctuations in raw material prices, particularly for aluminum alloy ingots, which directly impact production costs[44]. - The company is exposed to risks related to the expansion of production capacity if market growth does not meet expectations, potentially leading to sales shortfalls[45]. - The COVID-19 pandemic has impacted production activities of the company and its customers, with ongoing uncertainties regarding future outbreaks affecting operations and profitability[46]. Governance and Compliance - The company has not faced any violations of decision-making procedures regarding external guarantees[5]. - The company has established long-term stable relationships with major global tier-one suppliers, which may mitigate risks associated with customer concentration[44]. - The company has committed to maintaining transparency with investors regarding any potential risks or changes in commitments[73]. - The company will take responsibility for any failure to fulfill commitments by adjusting or suspending salaries or allowances of responsible directors and senior management[71]. - The controlling shareholder guarantees strict adherence to the commitments disclosed in the IPO prospectus, with measures in place for any failures[71]. Research and Development - The company holds a total of 86 patents, demonstrating its strong research and development capabilities in aluminum alloy precision die-casting[28]. - Research and development expenses rose by 8.85% to ¥16,824,783.08, driven by increased investment in new projects[35]. - Research and development investments have increased by 10%, focusing on enhancing technology and product offerings[75]. - Internal research and development expenditures are categorized into research phase and development phase[200]. Market and Product Strategy - The company has diversified its product structure, focusing on automotive parts while also supplying components for smart home, industrial automation, and information transmission sectors[25]. - The company achieved operating revenue of ¥445,558,819.06, representing a 7.00% increase compared to the same period last year[33]. - The automotive parts segment has seen stable growth, with significant contributions from both traditional fuel vehicles and new energy vehicles[29]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share within the next two years[74]. Financial Management - The company reported a significant increase in financial expenses by 333.18%, primarily due to the cessation of interest capitalization on specific loans[35]. - The company plans to enhance the efficiency of raised funds management to ensure effective use according to planned purposes, accelerating project construction and improving shareholder returns[69]. - The company will ensure compliance with relevant laws and regulations regarding share repurchases and disclosures[67]. Assets and Liabilities - The total assets at the end of the reporting period were approximately 710.65 million, up from 695.82 million in the previous year[120]. - The total liabilities at the end of the reporting period were approximately 40.34 million, reflecting a decrease from the previous period[120]. - The company’s total assets at the end of the reporting period were 612,414,443.97 CNY[122]. - Short-term borrowings increased by 67.64% to 184,677,723.66 RMB, reflecting a significant rise in borrowing scale[38]. Environmental and Social Responsibility - The company has implemented effective environmental management practices and achieved ISO14001 certification, ensuring compliance with environmental regulations[54]. - The company actively pursues carbon reduction measures, including the use of green energy and energy-efficient equipment, to align with national carbon neutrality goals[58]. - The company donated 60,000.00 yuan to Mengpang Middle School in Mengla County, Yunnan Province during the reporting period[59].