证券代码：603286 证券简称：日盈电子 公告编号：2023-024 江苏日盈电子股份有限公司 关于召开 2022 年度业绩说明会的公告 投资者可于 2023 年 04 月 28 日(星期五) 至 05 月 09 日(星期 二)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通 过公司邮箱 zqtzb@riyingcorp.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 江苏日盈电子股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了 解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 05 月 10 日上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关心的问 题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 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普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 05 月 10 日 上午 ...

2022 年第三季度报告 证券代码：603286 证券简称：日盈电子 江苏日盈电子股份有限公司 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。 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 | | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 199,943,329.57 | 35.08 | 528,961,699.50 | 26.57 | | 归属于上市公司股东的 | -7,174,195.64 | -257.32 | -3,563,184.92 | -121.7 ...

江苏日盈电子股份有限公司投资者关系活动记录表 证券代码：603286 证券简称：日盈电子 编号：2022-001 | --- | --- | --- | |-------------------------|--------------------------------------|---------------------------------------------------------------------------| | | 特定对象调研 | 分析师会议 | | | 媒体采访 | √ 业绩说明会 | | 投资者关系活动类别 | 新闻发布会 | 路演活动 | | | 现场参观 | | | | 其他（请文字说明其他活动内容） | | | 参与单位名称及人员 姓名 | 2021 式进行，面向全体投资者。 | 年度业绩暨现金分红说明会采用上证路演中心网络互动方 | | 时间 | 2022 年 5 月 12 日下午 | 3:00-4:00 | | 地点 | 上海证券交易所上证路演中心 （网址： | http://roadshow.sseinfo.com/ ） | | 上市公司接待人姓名 | 务总监庄小 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥199,943,329.57, representing a year-on-year increase of 35.08%[5] - The net profit attributable to shareholders was a loss of ¥7,174,195.64, a decrease of 257.32% compared to the same period last year[5] - The basic and diluted earnings per share were both -¥0.08, reflecting a decline of 260.00%[6] - The company's revenue for the year-to-date period was ¥528,961,699.50, up 26.57% year-on-year[5] - Net profit for Q3 2022 was a loss of ¥167,238.76, a significant decline from a profit of ¥19,667,795.40 in Q3 2021[20] - The basic and diluted earnings per share for Q3 2022 were both -¥0.04, down from ¥0.18 in Q3 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,087,936,703.95, an increase of 15.33% from the end of the previous year[6] - Current assets totaled CNY 504,305,175.19, compared to CNY 449,562,838.84 in the previous year, indicating an increase of about 12.1%[16] - Total liabilities reached CNY 594,733,410.14, compared to CNY 442,873,648.78, showing an increase of around 34.3%[17] - Total equity decreased slightly to CNY 493,203,293.81 from CNY 500,442,630.45, reflecting a decline of about 1.4%[17] - The company’s total equity attributable to shareholders was ¥491,655,838.87, an increase from ¥476,291,121.67 in the previous year[18] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥36,925,586.09, a decrease of 251.02%[6] - The net cash flow from operating activities for the first three quarters of 2022 was a negative ¥36,925,586.09, compared to a positive cash flow of ¥24,450,484.89 in the same period of 2021[24] - Cash inflow from operating activities totaled ¥424,183,038.10 for the first three quarters of 2022, compared to ¥345,728,825.77 in the same period of 2021[24] - The net cash flow from investing activities was -$99,782,235.64, compared to -$77,063,379.88 in the previous period, indicating a decline in investment performance[25] - The net cash flow from financing activities increased to $109,251,156.76 from $75,768,714.74, showing improved financing efficiency[25] Inventory and Expenses - The company reported a significant increase in inventory by 32.39% due to business growth and rising raw material costs[10] - The company’s management expenses rose by 27.77% due to increased salaries and professional fees[10] - Research and development expenses for the first three quarters of 2022 amounted to ¥25,957,594.07, slightly up from ¥25,583,858.75 in the previous year[19] - Total operating costs for the first three quarters of 2022 were ¥535,819,504.31, up 36.4% from ¥392,469,530.73 in the previous year[19] Shareholder Information - The company has a total of 11,995 common shareholders as of the reporting date[12] Other Financial Metrics - The company experienced a 223.08% increase in other income, primarily due to government subsidies[10] - The company reported an investment income of ¥3,469,286.37 in Q3 2022, recovering from a loss of ¥2,859,830.75 in Q3 2021[20] - The company reported a significant increase in prepayments, which rose to CNY 13,317,349.71 from CNY 9,435,889.23, marking an increase of approximately 41.5%[16] - Short-term borrowings increased by 87.50% as a result of additional bank loans[10] - Short-term borrowings surged to CNY 233,195,037.78 from CNY 124,372,805.80, indicating an increase of approximately 87.5%[17] Cash and Liquidity - Cash and cash equivalents decreased to CNY 71,742,243.24 from CNY 85,646,307.90, representing a decline of approximately 16.2%[15] - The cash and cash equivalents at the end of the period decreased to $55,764,256.98 from $125,338,316.67, reflecting a significant reduction in liquidity[25] - The net increase in cash and cash equivalents was -$28,200,994.54, contrasting with a positive increase of $22,479,188.69 in the previous period[25] - Cash paid for debt repayment was $92,936,068.00, compared to $116,000,000.00 in the previous period, showing a decrease in debt servicing costs[25] Accounting Standards - The company did not apply new accounting standards or interpretations starting from 2022, maintaining consistency in financial reporting[25]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥329,018,369.93, representing a 21.91% increase compared to ¥269,881,828.65 in the same period last year[21]. - The net profit attributable to shareholders decreased by 69.39% to ¥3,611,010.72 from ¥11,796,730.74 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 79.64% to ¥2,171,919.66 from ¥10,669,337.48 year-on-year[21]. - The net cash flow from operating activities dropped by 107.52%, resulting in a negative cash flow of ¥2,274,093.78 compared to a positive cash flow of ¥30,253,113.87 in the same period last year[21]. - Basic earnings per share decreased by 69.23% to ¥0.04 from ¥0.13 in the same period last year[22]. - The weighted average return on net assets fell by 1.73 percentage points to 0.76% from 2.49% year-on-year[22]. - The company achieved operating revenue of 329.02 million yuan, a year-on-year increase of 21.91%[57]. - Net profit attributable to shareholders was 3.61 million yuan, a year-on-year decrease of 69.39%[57]. - Operating cash flow turned negative at -2.27 million yuan, a decrease of 107.52% compared to the previous year, due to rising material and labor costs[57]. Market and Industry Trends - In the first half of 2022, the automotive industry in China faced significant challenges, with vehicle production and sales reaching 12.117 million and 12.057 million units, respectively, representing year-on-year declines of 3.7% and 6.6%[27]. - The revenue of the Chinese automotive manufacturing industry was 4,089.28 billion yuan, a decrease of 4.2% year-on-year, while total profit dropped by 25.5% to 212.9 billion yuan[27]. - New energy vehicle production and sales reached 2.661 million and 2.6 million units, respectively, marking a year-on-year increase of 120%, with a market share of 21.6%[29]. - Exports of vehicles totaled 1.218 million units, reflecting a year-on-year growth of 47.1%, with passenger vehicle exports increasing by 49.7%[30]. - The automotive parts market in China is expected to reach 5.2 trillion yuan in sales revenue by 2022, with a compound annual growth rate of 7.2% from 2016 to 2020[27]. Company Operations and Strategy - The company has become a leading supplier of automotive components, focusing on harnesses, washing systems, automotive electronics, and precision injection molding, and is actively expanding into the new energy vehicle sector[33]. - The company has upgraded its product offerings to include high-speed data harnesses and intelligent washing systems, responding to the growing demand for automotive intelligence and connectivity[34]. - The company is a first-tier supplier for major automotive brands such as Mercedes-Benz, Audi, and Toyota, and is also targeting leading new energy vehicle manufacturers[33]. - The company is investing in automated production lines to enhance product quality and reliability, addressing the increasing complexity of automotive data transmission needs[34]. - The company has been deeply engaged in the automotive washing system field for nearly 20 years, with products covering traditional windshield washing systems, headlight washing systems, and systems for intelligent driving such as camera and lidar washing systems[35]. - The company has established long-term cooperative relationships with major clients such as Mercedes-Benz, Audi, Volkswagen, and General Motors in precision injection molding, while also expanding into the short transportation sector[38]. - The company has developed a research and development model that synchronizes with automotive manufacturers' new model projects, reducing R&D risks and improving efficiency[39]. - The company has established a complete design scheme for products, with a typical project cycle from customer demand to formal supply taking 8-24 months[44]. Financial Management and Investments - The company has implemented a digital management system (SAP) to control production and management costs, aiming to enhance profitability[56]. - The company’s inventory increased by 30.65% to 169.38 million yuan, driven by the need to secure materials for customer deliveries[59]. - Short-term borrowings rose by 69.54% to 210.86 million yuan, attributed to increased bank loans[59]. - The company has completed the cancellation of the Changzhou Chuangying Venture Capital Partnership, which will not have a significant impact on the financial statements[63]. - The total investment for the 5G intelligent automotive parts manufacturing project is CNY 1,005.22 million, with fixed asset investment of CNY 665.03 million and working capital of CNY 340.19 million[64]. - The company has acquired land use rights for two plots in Changzhou, with total transaction amounts of CNY 1,288 million and CNY 1,688 million respectively[65]. Risks and Challenges - The ongoing global chip shortage continues to impact the automotive industry, prompting domestic manufacturers to seek local alternatives and strengthen partnerships with local suppliers[32]. - Major raw material price fluctuations pose a risk, particularly for plastics, copper, and rubber, which could affect the company's financial performance if price adjustments are not timely or accepted by customers[73]. - The ongoing chip supply shortage continues to affect production capacity and may impact operating costs and gross margins[73]. - The company is experiencing a risk of declining gross margins due to rising labor, management, and production costs, alongside intense market competition and new business expansion efforts[74]. - Revenue concentration is high, with significant reliance on major clients like FAW-Volkswagen and SAIC Volkswagen, which could lead to substantial impacts if client demand decreases[74]. - There is a risk of significant claims from clients due to large-scale recalls in the automotive industry, which could arise from quality issues with the company's parts[75]. Shareholder and Governance Matters - The company has not proposed any profit distribution or capital reserve increase for the first half of 2022, indicating a focus on retaining earnings[84]. - The company has undergone changes in its board and management, with several key personnel resigning and new appointments made[81]. - The company has committed to a 36-month lock-up period for shares held by major shareholders following the IPO, with specific conditions for extending this period if stock prices fall below the IPO price[91]. - Major shareholders are restricted from transferring more than 25% of their shares annually while serving as directors or senior management[92]. - The company reported a total of 9,748 common shareholders as of the end of the reporting period[105]. Environmental and Compliance - The company and its subsidiaries are not classified as key pollutant discharge units and comply with environmental regulations, generating only minor emissions during production[88]. - There were no administrative penalties related to environmental issues during the reporting period[89]. - The company has established strict environmental operational standards and has not faced any environmental disputes or violations[88]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[128]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[150]. - Future guidance indicates a positive outlook with expected revenue growth in the upcoming quarters[150].

Financial Performance - The company's operating revenue for Q1 2022 was ¥147,875,580.05, representing a year-on-year increase of 19.86%[5] - The net profit attributable to shareholders decreased by 41.45% to ¥3,322,039.11[5] - The net profit after deducting non-recurring gains and losses fell by 38.22% to ¥2,296,963.40[5] - Basic and diluted earnings per share were both ¥0.04, down by 41.45%[6] - Operating profit decreased to ¥4,352,134.07, down 47.5% from ¥8,293,545.24 in the same period last year[21] - Net profit for Q1 2022 was ¥4,278,708.68, a decline of 35.2% compared to ¥6,593,884.71 in Q1 2021[21] Cash Flow - The net cash flow from operating activities was negative at -¥10,631,788.06, a decrease of 213.21% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥10,631,788.06, compared to a net inflow of ¥9,390,850.96 in Q1 2021[25] - Total cash inflow from investing activities was ¥38,634,430.70, an increase from ¥30,010,000.00 in Q1 2021[25] - Cash outflow from investing activities rose to ¥74,933,841.64, compared to ¥37,829,667.87 in the same period last year[25] - Cash inflow from financing activities was ¥367,804,480.00, significantly higher than ¥76,000,000.00 in Q1 2021[25] - The net cash flow from financing activities was $70,952,243.81, an increase of 28,865,048.33 compared to the previous period[26] - The total cash and cash equivalents at the end of the period amounted to $107,824,213.07, down from $132,916,649.83 in the previous period[26] - The net increase in cash and cash equivalents for the period was $23,858,961.55, compared to $30,057,521.85 in the previous period[26] - The cash outflow from financing activities totaled $296,852,236.19, which includes $213,129,982.67 related to other financing activities[26] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $162,083.26[26] Assets and Liabilities - Total assets increased by 4.09% to ¥981,854,517.94 compared to the end of the previous year[6] - The company's current assets totaled CNY 471,777,897.07, compared to CNY 449,562,838.84 at the end of 2021, indicating an increase of about 4.9%[18] - The company's total liabilities were CNY 477,147,362.19, compared to CNY 442,873,648.78 at the end of 2021, marking an increase of around 7.7%[19] - The total equity attributable to shareholders reached CNY 479,598,977.40, slightly up from CNY 476,291,121.67, showing a marginal increase of about 0.7%[19] Inventory and Receivables - The company's inventory rose by 63.23% due to increased material prices and a rise in sales orders[10] - The company's inventory increased to CNY 150,312,471.67 from CNY 129,643,102.83, reflecting a rise of approximately 15.9%[18] - The accounts receivable decreased to CNY 166,555,727.66 from CNY 183,929,423.10, indicating a decline of about 9.5%[17] Borrowings and Expenses - Short-term borrowings increased by 31.12% as a result of additional bank loans[11] - The short-term borrowings rose significantly to CNY 191,439,686.76 from CNY 124,372,805.80, representing an increase of approximately 54%[19] - The company incurred financial expenses of ¥2,053,379.59, up from ¥1,302,669.66 in Q1 2021[20] - Research and development expenses increased to ¥8,247,570.95, compared to ¥7,546,666.12 in the previous year[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,146[13]

Financial Performance - The company's operating revenue for 2021 was CNY 581,653,558.59, representing a 17.65% increase compared to CNY 494,406,349.05 in 2020[23]. - The net profit attributable to shareholders of the listed company decreased by 26.65% to CNY 10,824,497.69 from CNY 14,757,103.97 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 9,384,145.75, down 22.16% from CNY 12,056,384.14 in 2020[23]. - The net cash flow from operating activities was negative at CNY -9,032,623.86, a significant decline from CNY 77,842,527.37 in 2020, marking a 111.6% decrease[23]. - The weighted average return on equity decreased to 2.29% from 3.20% in the previous year[24]. - The gross profit margin decreased by 0.8 percentage points due to rising raw material prices and labor costs[59]. - The main business revenue from sensor products was 145.68 million RMB, accounting for 25.41% of total revenue, with a growth rate of 27.17%[64]. - The main business cost was 445.86 million RMB, leading to a gross profit margin of 22.23%, down by 0.72 percentage points from the previous year[61]. Investment and Projects - The company plans to invest over CNY 100 million in a "5G Intelligent Automotive Parts Manufacturing Project," which will exceed 50% of the audited net assets for 2022[6]. - The company initiated a CNY 1 billion investment project for 5G intelligent automotive components, which is recognized as a major project by the Jiangsu provincial government[32]. - The project aims to produce 250,000 sets of intelligent connected driving assistance systems and 2 million sets of automotive intelligent washing systems annually upon completion[32]. - The company plans to complete the main construction of the 5G project by October 2022, with one-third of the foundation work already completed by the end of 2021[32]. - The company is investing heavily in automotive electronics, focusing on products like the 360 panoramic vision system and various sensors[40]. Market and Industry Trends - The automotive parts industry in China is expected to grow from CNY 4.57 trillion in 2020 to CNY 4.9 trillion in 2021, with a compound annual growth rate of 7.2%[35]. - New energy vehicle sales surged in 2021, with production and sales reaching 3.545 million and 3.521 million units, respectively, marking a year-on-year increase of 160%[36]. - The automotive industry is facing challenges due to the global chip shortage, prompting domestic manufacturers to seek local alternatives and accelerate import substitution[37]. - The automotive industry has entered a phase of stable growth, which may negatively impact the company's rapid development and profitability if macroeconomic conditions continue to decline[107]. Research and Development - The company is committed to driving innovation and expanding production capacity to meet the demands of the automotive industry[32]. - The company is advancing its "intelligent" and "electrification" R&D projects, focusing on the 360 panoramic vision system and enhancing competitiveness in the electric vehicle sector[33]. - The total R&D expenditure was 34,141,308.41, which is 5.87% of total revenue, with no capitalized R&D expenses[72]. - The total number of R&D personnel is 152, accounting for 11.06% of the total workforce[73]. - The company has achieved significant progress in R&D projects related to "intelligent" and "electrified" products, with the 360-degree panoramic imaging system set to enter mass production[102]. Corporate Governance and Compliance - The company held one annual general meeting and two extraordinary general meetings during the reporting period, ensuring compliance with regulations and equal rights for all shareholders[111]. - The audit committee of the board supervises and evaluates the internal audit work, ensuring compliance with internal control systems[112]. - The company adheres to information disclosure regulations, ensuring timely and accurate communication with shareholders and stakeholders[112]. - The company has not faced any penalties from securities regulatory agencies in the past three years[126]. - The company has established governance measures to prevent competition, including notifying the issuer of any similar business opportunities that may arise[167]. Employee and Management Structure - The company has established a performance evaluation system linking employee income to work performance, with a transparent process for senior management appointments[112]. - The company has a performance-based remuneration system for senior management, with bonuses paid annually based on performance completion[124]. - The total number of employees in the parent company and major subsidiaries is 1,374, with 830 in the parent company and 544 in subsidiaries[138]. - The company has 265 technical personnel, indicating a strong focus on technical expertise within its workforce[138]. - The company emphasizes employee rights protection, adhering to labor laws and providing social insurance for employees[156]. Financial Position and Cash Flow - Cash and cash equivalents decreased by 17.37% to CNY 85,646,307.90 from CNY 103,656,138.83[78]. - Accounts receivable increased by 21.67% to CNY 183,929,423.10, attributed to revenue growth and improved customer payment cycles[78]. - Inventory rose by 64.14% to CNY 129,643,102.83 due to material shortages and increased stockpiling ahead of the 2022 Spring Festival[78]. - The net cash flow from investing activities increased by 27.41% to -108,727,932.07, mainly due to increased investment in 5G projects[75]. - The net cash flow from financing activities surged by 1706.97% to 100,486,177.91, primarily due to increased bank borrowings[75]. Social Responsibility and Community Engagement - The company has donated over 1 million yuan to rural construction and healthcare education initiatives[158]. - The company actively engages in social responsibility initiatives, including community support and employee welfare programs[158]. - The company has implemented strict environmental management practices, ensuring compliance with national regulations[154]. - The company has a mission to enhance safety, environmental sustainability, and intelligence in transportation[156].

2021 年第三季度报告 证券代码：603286 证券简称：日盈电子 江苏日盈电子股份有限公司 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。 1 / 12 2021 年第三季度报告 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 年同期增减变 | 年初至报告期末 | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | 动幅度(%) | | 同期增减变 动幅度(%) | | 营业收入 | 148,022,468.78 | 9.79 | 417,904,297.43 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 269,881,828.65, representing a 32.83% increase compared to CNY 203,181,175.07 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 11,796,730.74, an increase of 85.63% from CNY 6,355,131.27 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 10,669,337.48, up 92.01% from CNY 5,556,583.87 year-on-year[19]. - Basic earnings per share for the first half of 2021 were CNY 0.13, an increase of 85.71% compared to CNY 0.07 in the same period last year[19]. - The weighted average return on net assets increased to 2.49% from 1.39% year-on-year, an increase of 1.10 percentage points[19]. - The company reported a total profit of 1,127,393.26, with a significant impact from minority shareholders amounting to -43,347.63 and income tax effects of -211,457.71[23]. - The company reported a net profit of ¥1,087.07 million for Changzhou Huichang Sensor Co., with total assets of ¥13,424.1 million as of the latest report[55]. - The net profit for the first half of 2021 was CNY 27,406,369.81, a significant increase from CNY 11,497,012.72 in the same period of 2020, representing an increase of approximately 138.5%[108]. - Operating profit for the first half of 2021 reached CNY 28,218,213.21, compared to CNY 12,020,060.04 in the previous year, indicating a growth of about 134%[108]. Cash Flow and Assets - The net cash flow from operating activities was CNY 30,253,113.87, a decrease of 12.85% compared to CNY 34,714,001.93 in the same period last year[19]. - Cash and cash equivalents at the end of the period amounted to ¥148,028,031.43, which is 17.28% of total assets, up from 13.22% last year[45]. - The company's cash and cash equivalents increased to RMB 148,028,031.43 from RMB 103,656,138.83, reflecting a growth of approximately 42.7%[95]. - The total assets at the end of the reporting period were CNY 856,734,541.78, reflecting a 9.23% increase from CNY 784,372,772.81 at the end of the previous year[19]. - Current assets totaled RMB 442,081,469.71, up from RMB 372,591,593.47, indicating a growth of about 18.6%[96]. - Total liabilities amounted to RMB 353,982,691.67, up from RMB 289,148,205.69, representing an increase of about 22.5%[97]. - The company's equity attributable to shareholders reached RMB 479,820,981.45, compared to RMB 468,406,172.41, indicating a growth of approximately 2.9%[97]. Industry and Market Position - The company operates in the automotive parts industry, focusing on the research, production, and sales of automotive washing systems, precision injection parts, and electronic components[25]. - The automotive industry in China saw production and sales of 12.57 million and 12.89 million vehicles respectively in the first half of 2021, with year-on-year growth of 24.2% and 25.6%[34]. - The company has established itself as a key supplier for major automotive brands, including FAW-Volkswagen and SAIC-GM, enhancing its brand influence and market position[36]. - The domestic automotive parts manufacturing industry accounts for over 40% of the automotive manufacturing industry's output value, indicating significant market potential[35]. - The first half of 2021 saw a doubling in the production and sales of new energy vehicles, reaching 1.215 million and 1.206 million units respectively, providing growth opportunities for domestic brands[35]. Research and Development - The company follows a market-driven R&D model, synchronizing development with automotive manufacturers, which reduces R&D risks and shortens production cycles[26]. - Research and development expenses rose by 35.66% to ¥17,190,403.41, up from ¥12,671,430.49, reflecting increased direct investment and employee compensation[42]. - The company has developed capabilities in synchronous development of automotive electronic products, including rain sensors and sun sensors, and has begun mass production[37]. - The company is actively adjusting its product strategy in response to the transition to new energy vehicles and stricter emission standards, aiming to capture market opportunities[39]. Risks and Challenges - The company faces risks related to chip supply shortages affecting the automotive industry, which could lead to reduced demand for non-chip automotive components[57]. - Revenue concentration risk exists, with significant reliance on major clients such as FAW-Volkswagen and SAIC Volkswagen, which may impact financial stability if their demand declines[57]. - The automotive industry has a mandatory recall system for quality defects, posing a risk of significant compensation claims from customers if the company's products lead to large-scale recalls[59]. - The main raw materials for the company's products include plastic particles, copper wire, copper tape, and rubber hoses, with price fluctuations potentially impacting operational performance if adjustments are not timely or accepted by downstream customers[59]. - The automotive parts industry typically experiences an annual price decline of 3%-5% within 1-3 years after new product supply, which could adversely affect the company's performance if cost control does not keep pace[59]. - The automotive industry has entered a phase of stable growth, which may negatively impact the company's rapid development and lead to significant profit declines if macroeconomic conditions worsen[59]. Corporate Governance and Shareholder Commitments - The controlling shareholder of Jiangsu Riying Electronics Co., Ltd. committed to not transferring or entrusting the management of shares for 36 months post-IPO[70]. - The controlling shareholder will not reduce their holdings within two years after the lock-up period unless for financial arrangements, with a minimum selling price not lower than the IPO price[71]. - The company has established a lock-up period of 12 months for shareholders post-IPO, during which they cannot transfer their shares[72]. - The company will compensate investors for direct losses caused by any violations of commitments made by shareholders[72]. - The company has a long-term commitment to avoid any business competition with other enterprises controlled by its shareholders[74]. Compliance and Legal Matters - The company reported no significant litigation or arbitration matters during the reporting period[79]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[78]. - The company maintained a compliant operation and the controlling shareholders acted in good faith according to laws and regulations[79]. - There were no significant related party transactions reported during the period[80]. - The company did not have any major guarantees or contracts that were not fulfilled during the reporting period[83]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring transparency and accuracy[147]. - The company’s accounting period runs from January 1 to December 31 each year[148]. - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[157]. - The company uses the effective interest method for subsequent measurement of financial assets measured at amortized cost[158]. - The company assesses expected credit losses for financial instruments on an individual or portfolio basis, grouping instruments with similar risk characteristics[165].

Financial Performance - The company's operating revenue for 2020 was RMB 494,406,349.05, a decrease of 0.86% compared to RMB 498,697,005.24 in 2019[22]. - The net profit attributable to shareholders for 2020 was RMB 14,757,103.97, representing a decline of 44.93% from RMB 26,798,885.91 in 2019[22]. - The net profit after deducting non-recurring gains and losses was RMB 12,056,384.14, down 37.74% from RMB 19,365,631.20 in the previous year[22]. - Basic earnings per share decreased by 43.33% to CNY 0.17 compared to CNY 0.30 in the previous year[24]. - Net profit attributable to shareholders decreased by 44.93%, primarily due to a 13.61% decline in automotive parts sales and increased material costs[24]. - Revenue decreased by 0.86% year-on-year, mainly due to a 13.61% drop in automotive parts sales impacted by the pandemic[24]. - The weighted average return on equity decreased to 3.20%, down 2.83 percentage points from the previous year[24]. - The company reported a decrease in gross profit margin due to increased raw material prices and transportation costs amid the pandemic[49]. - The company’s total revenue for 2020 was CNY 380,689,064.70, a decrease of approximately 11.0% compared to CNY 427,949,680.10 in 2019[197]. - The net profit for 2020 was CNY 17,090,708.96, down 39.1% from CNY 28,086,505.93 in the previous year[194]. Cash Flow and Assets - The net cash flow from operating activities increased by 46.47% to RMB 77,842,527.37 from RMB 53,146,565.21 in 2019[22]. - Total assets at the end of 2020 were RMB 784,372,772.81, a decrease of 2.77% from RMB 806,707,902.31 in 2019[22]. - The net assets attributable to shareholders increased by 2.97% to RMB 468,406,172.41 from RMB 454,896,663.77 in 2019[22]. - Total current assets as of December 31, 2020, amounted to CNY 372,591,593.47, a decrease of 6.95% from CNY 400,565,594.46 in 2019[185]. - Cash and cash equivalents decreased to CNY 103,656,138.83 from CNY 107,805,854.16, reflecting a decline of 3.36%[185]. - Accounts receivable decreased by 11.5% to CNY 151,173,274.22 from CNY 170,788,856.95[185]. - Total non-current assets increased to CNY 411,781,179.34 from CNY 406,142,307.85, showing a growth of 1.57%[186]. - Total liabilities as of December 31, 2020, were CNY 255,509,983.95, a decrease from CNY 308,120,413.84 in 2019[191]. Research and Development - The company has increased its investment in R&D projects to expand market reach and improve product offerings[24]. - Research and development expenses rose by 10.81% to CNY 27.87 million, reflecting the company's commitment to innovation[55]. - The company aims to enhance its technological capabilities by encouraging innovation and attracting industry professionals[33]. - The company is actively developing high-end automotive electronic products to meet the demands of new energy vehicles and intelligent driving[46]. - The company is actively developing automotive electronic sensors to meet the growing market demand, although there are risks associated with the slow progress of new client development[92]. Market Strategy and Positioning - The company aims to expand its market presence by focusing on high-end domestic and international automotive clients, particularly in the new energy vehicle sector[85]. - The company plans to cover all first-line automotive brand clients and establish relationships with quality second-line automotive brands[85]. - The company aims to enhance its market position by focusing on five key battles: market, quality, cost, service, and brand, while promoting lean management across the entire value chain[86]. - The company has established a strategic partnership with German firms EMS GmbH and MST GmbH, aiming to strengthen its position as a supplier to major automotive manufacturers in China and expand its global footprint[89]. - The automotive industry is increasingly integrating electronic technologies, which enhances vehicle performance and safety, presenting significant opportunities for parts suppliers[41]. Risks and Challenges - The company emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting investment risks[6]. - The global chip shortage is expected to impact production, with an estimated loss of 1 million vehicles in Q1 2021 and a total loss of 2 to 4.5 million vehicles throughout the year, affecting the company's capacity and cost structure[90]. - The company faces risks related to raw material price fluctuations, which could impact operational performance if prices rise significantly or if price adjustments are not timely[93]. - The automotive parts industry typically experiences annual price reductions of 3% to 5%, which could adversely affect the company's performance if not managed effectively[93]. Shareholder and Governance - The company has established a profit distribution policy ensuring that cash dividends will not exceed 20% of the distributable profits for the year when net profit is positive[96]. - The actual controller and major shareholders of Jiangsu Riying Electronics Co., Ltd. committed to not transferring or entrusting the management of their shares for 36 months post-IPO[103]. - The company has established a compliance framework to address any violations of the commitments made by shareholders[106]. - The company has established governance measures to prevent any potential conflicts with its subsidiaries[108]. - The board of directors consists of 8 members, including 3 independent directors, and is responsible for major company decisions and strategic planning[155]. Employee and Operational Insights - The company has a total of 164 R&D personnel, making up 14.75% of the total workforce[67]. - The company maintains a stable compensation policy, including annual salary systems, position grading systems, and piecework systems[148]. - The training plan includes new employee training, competency training, external training, and cultural training[149][150]. - The total number of employees in the parent company and major subsidiaries is 1,112[147]. Audit and Compliance - The company has maintained a standard unqualified audit opinion from Tianjian Accounting Firm[4]. - The audit report provided a standard unqualified opinion on the financial statements[173]. - The company has implemented key internal controls related to revenue recognition to mitigate risks[176]. - The internal control self-assessment report was disclosed on the same day as the financial report[170].