| 证券代码：603677 | 证券简称：奇精机械 | 公告编号：2023-009 | | --- | --- | --- | | 转债代码：113524 | 转债简称：奇精转债 | | 奇精机械股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 03 月 29 日（星期三）下午 15:00-16:00 会议召开地点： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 22 日(星期三)至 03 月 28 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 IR@qijing-m.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。 奇精机械股份有限公司（以下简称"公司"）将于 2023 年 03 月 24 日发布 公司 20 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥441,896,963.82, a decrease of 5.05% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2022 was ¥18,694,700.25, down 27.32% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 38.07% to ¥31,399,845.09 in Q3 2022[3]. - The basic earnings per share for Q3 2022 was ¥0.0973, a decrease of 27.28% compared to the same period last year[3]. - The net profit for Q3 2022 was CNY 57,275,535.57, a decrease of 24.2% compared to CNY 75,535,759.65 in Q3 2021[33]. - The total profit for Q3 2022 was CNY 60,475,595.06, down 25.1% from CNY 80,845,335.76 in the same period last year[33]. - The operating profit for Q3 2022 was CNY 60,558,706.02, a decline of 26.0% from CNY 81,791,519.80 in Q3 2021[33]. - The total comprehensive income for Q3 2022 was CNY 60,664,031.03, a decrease of 19.7% from CNY 75,555,566.54 in Q3 2021[34]. - The net profit for the first three quarters of 2022 was CNY 54,088,239.59, down 27.5% from CNY 74,545,305.50 in the previous year[42]. Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥113,294,121.65, an increase of 278.86%[3]. - The cash flow from operating activities for the first three quarters of 2022 was CNY 1,349,437,508.71, an increase of 2.3% compared to CNY 1,318,431,944.60 in the same period of 2021[36]. - The net cash flow from operating activities for Q3 2022 was CNY 113,294,121.65, significantly up from CNY 29,903,624.53 in Q3 2021[36]. - The cash inflow from financing activities for Q3 2022 was CNY 185,394,068.94, an increase from CNY 153,944,940.00 in Q3 2021[36]. - The company's cash flow from financing activities was negative at CNY -40,689,121.75 for Q3 2022, compared to a positive CNY 80,219,130.23 in the same quarter of 2021[37]. - The ending cash and cash equivalents balance was RMB 155,673,007.76, down from RMB 206,145,469.40 at the end of the same period last year, a decrease of approximately 24.5%[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,024,791,308.99, a decrease of 1.52% from the previous year-end[5]. - The company's total assets as of September 30, 2022, were CNY 2,024,791,308.99, down from CNY 2,055,983,069.73, a decrease of 1.51%[29]. - Total liabilities decreased to CNY 914,797,939.94 from CNY 949,066,402.22, a reduction of 3.59%[29]. - The total liabilities as of September 30, 2022, were CNY 934,504,133.23, compared to CNY 933,261,424.90 at the end of 2021[39]. - The total equity attributable to shareholders at the end of the reporting period was ¥1,109,993,369.05, an increase of 0.28% from the previous year-end[5]. - The company's total equity increased slightly to CNY 1,109,993,369.05 from CNY 1,106,916,667.51, reflecting a growth of 0.28%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,411[10]. - Ningbo Industrial Investment Group holds 57,626,666 shares, representing 29.99% of the total shares[10]. - The top ten shareholders include Ningbo Qijing Holdings with 43,824,702 shares, accounting for 22.81%[10]. - The company has a significant shareholder structure with multiple natural persons holding substantial shares, including Wang Xingqi with 8,610,840 shares (4.48%) and Wang Yongqi with 7,376,512 shares (3.84%)[10]. - The company has a total of 10 major shareholders with varying percentages of ownership, indicating a diverse shareholder base[10]. Investments and Expenditures - The company plans to invest a total of RMB 15,496.08 million in fixed assets for 2022, with actual payments of RMB 7,341.31 million made by the report date[25]. - The company signed a lease agreement with Xiyue Real Estate for a property rental, with a total transaction amount of RMB 275,625.00 for the first nine months of 2022[15]. - The company purchased a commercial property in Dingfeng Building for a total price of RMB 10,586,794.00, with 50% of the payment already made[16]. - The company procured two sets of controlled atmosphere multi-purpose furnace production lines for RMB 4,900,000, with 90% of the payment completed[17][18]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 48,360,394.16, down from CNY 52,448,324.12, a decrease of 7.93%[32]. - Research and development expenses for the first three quarters of 2022 were CNY 46,643,907.48, a decrease from CNY 51,198,188.70 in the previous year[41]. Legal Matters - The company is involved in a lawsuit against Weiya Electronics for a claim of RMB 3,007,716.50, with a settlement agreement reached but uncertain recovery[26]. Related Transactions - The estimated total amount of daily related transactions for 2022 is capped at RMB 31.939 million[12]. - The daily related transaction amount for electroplating with Yulin Metal is estimated at RMB 17.90 million[13]. - The actual related transaction amount for electroplating in the first nine months of 2022 is RMB 12.25 million[13]. - The company is involved in daily related transactions with its wholly-owned subsidiary, indicating ongoing business operations and partnerships[12].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥892,851,136.15, a decrease of 9.61% compared to ¥987,800,560.09 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was ¥38,580,835.32, down 22.55% from ¥49,814,640.57 in the previous year[19]. - The basic earnings per share for the first half of 2022 was ¥0.2008, a decline of 22.56% from ¥0.2593 in the same period last year[20]. - The total assets at the end of the reporting period were ¥2,053,625,561.15, a slight decrease of 0.11% from ¥2,055,983,069.73 at the end of the previous year[19]. - The weighted average return on net assets decreased by 1.24 percentage points to 3.48% compared to 4.72% in the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,089,596,780.85, down 1.56% from ¥1,106,916,667.51 at the end of the previous year[19]. - The company reported a non-operating loss of ¥587,326.60 due to equipment disposal losses during the reporting period[22]. - The company received government subsidies amounting to ¥8,825,563.40, which were related to its normal business operations[22]. Sales and Market Trends - In the first half of 2022, the total sales volume of washing machines in China was 31.91 million units, a decrease of 11.35% compared to the same period last year[28]. - Domestic sales accounted for 18.54 million units, down 9.17% year-on-year, while exports totaled 13.36 million units, a decline of 14.20%[28]. - The sales volume of pulsator washing machines was 16.45 million units, a year-on-year decrease of 16.23%, while drum washing machines sold 15.46 million units, down 5.48%[29]. Business Operations - The company primarily engages in the manufacturing of washing machine clutches, automotive parts, and power tool components, with established relationships with major clients such as Samsung and Whirlpool[26]. - The company has implemented a comprehensive supplier management system to optimize procurement processes and ensure product quality[27]. - The company’s production model is primarily order-based, with additional stock produced during off-peak seasons to manage demand fluctuations[27]. - The company is positioned to benefit from national policies encouraging the recycling and upgrading of household appliances, which may stimulate demand in the second half of 2022[30]. Financial Management - The net cash flow from operating activities increased by 49.65% to ¥51,884,610.86, primarily due to an increase in cash received related to operating activities and a decrease in taxes paid[19]. - Operating costs decreased by 6.78% to ¥781,326,075.97 from ¥838,114,269.58 year-on-year[41]. - Research and development expenses decreased by 18.46% to ¥29,095,390.55 from ¥35,682,961.15 year-on-year[41]. - The company reported a significant increase in other income, which rose by 240.37% to ¥8,857,173.84 from ¥2,602,243.66 in the previous year[42]. - The net cash flow from investing activities was negative at -¥90,669,693.77, compared to -¥29,736,570.25 in the previous year[41]. Risks and Challenges - The company faces significant risks from raw material price fluctuations, particularly steel, which has been on a downward trend since late April 2022 but remains at a high level[62]. - Customer concentration risk is present as the company primarily serves major manufacturers in the washing machine, power tool, and automotive sectors, which could impact profitability if these clients face operational difficulties[62]. - Market competition is intensifying, with leading companies expanding capacity and focusing on cost control, new product development, and brand building, posing a risk to the company's market position[62]. - The ongoing COVID-19 pandemic presents uncertainties that could disrupt the supply chain and consumer demand, particularly if outbreaks continue into the second half of 2022[63]. Corporate Governance - The company held its second extraordinary general meeting on May 12, 2022, approving multiple amendments to its articles of association and rules, including the election of new independent directors[70]. - The company reported changes in its board of directors, with Wang Bing elected as the chairman of the supervisory board on January 11, 2022, and Pan Jun elected as an independent director on May 12, 2022[71][72]. - The company has established a complete and independent labor, personnel, and compensation management system, separate from Ningbo Gongtou Group[91]. - The company guarantees the independence of its management team, ensuring that key personnel do not hold positions in Ningbo Gongtou Group or its controlled entities[91]. Environmental Compliance - The company reported no environmental penalties and adhered to relevant environmental laws and regulations, ensuring compliance in waste management[79]. - The company’s wastewater treatment processes meet environmental standards, with no exceedances reported in pollutant discharge[80]. - The company has implemented a comprehensive waste management strategy, categorizing solid waste and ensuring proper disposal through qualified agencies[81]. - The company conducts regular monitoring of wastewater parameters and engages third-party services for compliance testing[84]. Shareholder Relations - The company did not propose any profit distribution or capital reserve transfer plans for the first half of 2022, indicating no dividends or stock bonuses[74]. - The company has committed to ensuring that any stock reduction by major shareholders will be at or above the IPO price[98]. - The company will publicly disclose reasons for any failure to fulfill commitments and will compensate investors for any losses incurred due to such failures[99].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 443,902,316.50, a decrease of 9.35% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 21,870,860.16, an increase of 7.35% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,357,982.63, a decrease of 33.75% compared to the previous year[3] - The basic earnings per share for the period was CNY 0.1138, reflecting a year-on-year increase of 7.36%[3] - Total operating revenue for Q1 2022 was CNY 443,902,316.50, a decrease of 9.3% compared to CNY 489,693,426.15 in Q1 2021[21] - Net profit for Q1 2022 reached CNY 21,870,860.16, an increase of 7.4% from CNY 20,372,741.31 in Q1 2021[22] - The total comprehensive income for Q1 2022 was CNY 22,040,574.55, an increase from CNY 20,451,969.22 in Q1 2021, representing a growth of approximately 7.8%[23] - Basic and diluted earnings per share for Q1 2022 were CNY 0.1138, compared to CNY 0.1060 in Q1 2021, reflecting an increase of about 7.3%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,964,878,332.77, a decrease of 4.43% from the end of the previous year[3] - The company's total assets as of March 31, 2022, were CNY 1,964,878,332.77, a decrease from CNY 2,055,983,069.73 at the end of 2021[19] - Current assets totaled CNY 1,265,341,414.30, down from CNY 1,343,564,035.57 at the end of 2021[18] - The company's total liabilities were CNY 835,921,090.71, a decrease from CNY 949,066,402.22 at the end of 2021[19] - Cash and cash equivalents amounted to CNY 245,736,400.83, down from CNY 315,470,100.87 at the end of 2021[18] - The company's total current assets as of March 31, 2022, were CNY 1,259,750,337.65, a decrease from CNY 1,337,636,576.49 at the end of 2021[29] - The company's total non-current assets were ¥688,968,088.63 in Q1 2022, down from ¥704,103,049.83 in Q1 2021, a decrease of 2.1%[31] Cash Flow - The company's cash flow from operating activities was CNY 33,510,199.74, not applicable for comparison[3] - Net cash flow from operating activities for Q1 2022 was CNY 33,510,199.74, a significant improvement from a negative CNY 6,196,123.00 in Q1 2021[26] - The company reported cash inflows from operating activities of CNY 497,051,844.67, compared to CNY 439,955,705.45 in the same period last year, indicating an increase of approximately 12.9%[26] - Total cash outflows from investing activities in Q1 2022 were CNY 29,596,908.74, down from CNY 93,853,680.62 in Q1 2021, showing a reduction of about 68.5%[26] - The net cash flow from financing activities for Q1 2022 was negative CNY 78,811,009.30, compared to a positive CNY 34,098,686.11 in Q1 2021[27] - The cash flow from operating activities was not detailed in the provided content, indicating a focus on investment and financing activities[35] Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,997[7] - The largest shareholder, Ningbo Industrial Investment Group, holds 57,626,666 shares, accounting for 29.99% of total shares[7] - Ningbo Qijing Holdings, the second-largest shareholder, holds 43,824,702 shares, representing 22.81% of total shares, with all shares pledged[7] - The company has not identified any other related parties or consistent action parties among its shareholders[7] Research and Development - Research and development expenses decreased by 37.08% due to reduced investment in certain R&D projects[5] - The company reported a decrease in R&D expenses to CNY 10,899,231.39 from CNY 17,321,888.53 in Q1 2021[22] - Research and development expenses for Q1 2022 were ¥10,434,022.81, down 38.5% from ¥16,974,009.37 in Q1 2021[32] Related Transactions - The company received government subsidies related to revenue amounting to CNY 6,242,598.08 during the reporting period[4] - The company expects to engage in daily related transactions with a total estimated amount of RMB 31.94 million for 2022[9] - The company has a rental agreement with Qijing Holdings for office space, with an annual rent of RMB 94,824, and reported related transaction amounts of RMB 23,706 for Q1 2022[9] - The company reported related transaction amounts of RMB 717.88 thousand for various services provided to Yulin Metal in the current reporting period[10] Investments and Acquisitions - The company plans to purchase commercial property from Xiyue Real Estate for a total price of RMB 10,586,794, with delivery expected by December 31, 2022[12] - The company has not yet paid for the purchase of a factory from Yulin Metal, valued at RMB 3,510,375, pending the completion of property rights certification[13]

Financial Performance - In 2021, the company's operating revenue reached ¥2,005,264,572.32, representing a 28.59% increase compared to ¥1,559,374,078.12 in 2020[23] - The net profit attributable to shareholders was ¥88,905,437.96, a significant increase of 58.18% from ¥56,206,359.28 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥76,117,347.95, up 66.08% from ¥45,832,110.13 in 2020[23] - Basic earnings per share increased by 58.62% to CNY 0.46 compared to CNY 0.29 in 2020[24] - Net profit attributable to shareholders grew by 58.18% year-on-year, driven by increased revenue and effective foreign exchange management[24] - Operating revenue increased by 28.59% due to recovery from COVID-19 impacts and expanded production capacity[24] - The total profit for the year was 9,624.04 million CNY, which is a 56.49% increase compared to the previous year[54] - The net profit attributable to the parent company was 8,890.54 million CNY, marking a 58.18% increase year-on-year[54] Cash Flow and Assets - The net cash flow from operating activities decreased by 75.80% to ¥74,851,866.95 from ¥309,325,081.13 in 2020[23] - As of the end of 2021, the total assets amounted to ¥2,055,983,069.73, reflecting a 13.71% increase from ¥1,808,109,989.61 at the end of 2020[23] - The net assets attributable to shareholders increased by 6.66% to ¥1,106,916,667.51 from ¥1,037,834,524.06 at the end of 2020[23] - Cash flow from operating activities showed a significant decline of 75.80%, resulting in a net cash flow of 74,851,866.95 yuan[80] - Cash received from tax refunds increased by 95.30% to 50,060,095.88 yuan due to higher export tax rebates[79] - Cash paid for purchasing goods and services rose by 64.08%, totaling 1,388,574,131.14 yuan, driven by expanded production scale[80] - Cash flow from investing activities showed a net inflow of 16,808,618.80 yuan, a significant improvement compared to the previous year[80] - Cash and cash equivalents increased by 39.08% year-over-year, primarily due to an increase in foreign currency deposits[82] Investments and Expansion - The company plans to invest CNY 22,996 million in expanding production capacity for automotive key components[89] - The company has adjusted its investment direction, terminating projects such as the "annual production of 430,000 sets of washing machine clutches expansion project" and the "annual production of 1.35 million key components for automotive powertrains expansion project" due to economic considerations[37] - The company invested over 70 million yuan in other projects and infrastructure during the reporting period, focusing on operational needs and future development plans[37] - The company has entered the investment phase for kitchen appliance components, indicating ongoing expansion into new product lines[39] Sales and Market Performance - The company achieved sales revenue of CNY 1.485 billion, CNY 233 million, and CNY 259 million for home appliance parts, automotive parts, and power tool parts respectively, with year-on-year growth rates of 22.81%, 41.68%, and 59.19%[36] - The company reported a total washing machine sales volume of 74.72 million units in 2021, a year-on-year increase of 6.2%, with domestic sales of 44.53 million units and exports of 30.19 million units[44] - The company achieved a significant increase in foreign sales revenue, totaling 692 million yuan in 2021, representing a year-on-year growth of 43.39%[40] - The company’s total sales volume of washing machines in 2021 was 74.72 million units, representing a year-on-year growth of 6.2%, with domestic sales of 44.53 million units growing by 3.8% and exports of 30.19 million units increasing by 9.9%[106] Research and Development - Research and development expenses increased by 38.85% to 68,832,490.62 CNY, reflecting the company's commitment to product and process upgrades[56] - The company obtained 4 invention patents, 15 utility model patents, and 3 software copyrights during the reporting period[36] - The number of R&D personnel was 314, accounting for 11.95% of the total workforce[76] - The company is investing 50 million in R&D for new technologies aimed at improving product performance and sustainability[136] Corporate Governance and Compliance - The company is committed to improving corporate governance and internal control mechanisms to align with regulatory requirements and enhance decision-making processes[121] - The company has conducted multiple shareholder meetings to ensure compliance with legal regulations and maintain transparency with investors[124] - The company plans to increase its foreign exchange hedging business limits to mitigate currency risks associated with its growing export activities[124] - The company has maintained a stable leadership structure with no significant changes in shareholding among its top executives[126] Environmental and Social Responsibility - The company installed a distributed photovoltaic system with a capacity of 1.3 MW, resulting in a reduction of 1,004.01 tons of CO2 emissions[182] - The company processed wastewater through a third-party service, ensuring compliance with environmental regulations and standards[175] - The company donated a total of 1.631 million CNY to social welfare and charity in 2021[186] - The company signed a three-year pairing assistance agreement with Wudaoqing Town, Puge County, from 2021 to 2023, to strengthen collaboration between regions[187] Risks and Challenges - The company faces risks from raw material price fluctuations, particularly steel prices, which have reached a nearly ten-year high, potentially impacting profit margins[116] - Customer concentration risk is present, as the company relies on a limited number of major clients in the home appliance and automotive sectors, which could affect profitability if these clients face difficulties[116] - The competitive landscape in the home appliance parts industry is intensifying, with leading firms expanding capacity and focusing on cost control and new product development[117] - Currency exchange rate fluctuations pose a risk, as the company’s export orders are primarily priced in USD while raw material costs are in RMB, affecting profit margins[117]

证券代码：603677 证券简称：奇精机械 公告编号：2021-084 转债代码：113524 转债简称：奇精转债 | --- | --- | |----------------------------------------------------------------------|----------------------| | | | | 奇精机械股份有限公司 | | | 关于参加"宁波辖区 2021 | 年度上市公司投资者网 | | 上集体接待日主题活动"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。 | | 为进一步加强宁波辖区上市公司与投资者特别是中小投资者的沟通交流，增 强上市公司的透明度，提升公司治理水平，促进公司规范运作，在宁波证监局指 导下，宁波上市公司协会将联合深圳市全景网络有限公司共同举办"心系投资者 携手共行动"——宁波辖区 2021 年度上市公司投资者网上集体接待日主题活动。 活动于 2021 年 11 月 18 日下午 15:00-17：00 举行，平台登 ...

2021 年第三季度报告 证券代码：603677 证券简称：奇精机械 转债代码：113524 转债简称：奇精转债 奇精机械股份有限公司 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 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 | 465,391,497.71 | 6.07 | 1,453,192,057.80 | 35 ...

Financial Performance - Revenue for the first half of 2021 reached approximately ¥987.80 million, representing a year-on-year increase of 55.38% compared to ¥635.75 million in the same period last year[20] - Net profit attributable to shareholders for the first half of 2021 was approximately ¥49.81 million, a year-on-year increase of 62.34% from ¥30.69 million[20] - Basic earnings per share for the first half of 2021 were ¥0.26, up 62.50% from ¥0.16 in the same period last year[20] - The weighted average return on net assets increased to 4.72%, up 1.86 percentage points from 2.86% in the previous year[20] - The net profit after deducting non-recurring gains and losses for the first half of 2021 was approximately ¥46.85 million, an increase of 85.81% from ¥25.21 million in the same period last year[20] - The company achieved a revenue of 987.80 million yuan in the first half of 2021, representing a year-on-year growth of 55.38%[35] - The net profit attributable to shareholders reached 49.81 million yuan, up 62.34% year-on-year, while the net profit excluding non-recurring items was 46.85 million yuan, reflecting an 85.81% increase[35] Cash Flow and Financial Position - Net cash flow from operating activities decreased by 77.49% to approximately ¥34.67 million, down from ¥154.04 million in the same period last year[20] - The company faced challenges in cash flow management, with significant increases in procurement and labor costs due to expanded production scale[20] - The cash inflow from operating activities for the first half of 2021 was CNY 891,030,791.97, a 51.9% increase compared to CNY 586,041,714.92 in the first half of 2020[181] - The net cash flow from operating activities decreased to CNY 34,671,429.03 in the first half of 2021, down 77.5% from CNY 154,039,584.56 in the same period of 2020[181] - The total cash and cash equivalents at the end of the first half of 2021 amounted to CNY 137,091,430.98, down from CNY 171,086,775.64 at the end of the first half of 2020[182] - The company reported a cash balance of CNY 250.46 million as of June 30, 2021, an increase from CNY 226.82 million at the end of 2020[166] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥1.91 billion, reflecting a 5.41% increase from ¥1.81 billion at the end of the previous year[21] - The company's total assets amounted to CNY 1,905.94 million, with total liabilities of CNY 837.51 million, resulting in a debt-to-asset ratio of 43.94%[160] - Total liabilities rose to ¥837,510,392.46, compared to ¥770,275,465.55, indicating an increase of about 8.7% year-over-year[168] - Owner's equity reached ¥1,068,433,422.24, up from ¥1,037,834,524.06, which is an increase of approximately 2.9% year-over-year[168] Research and Development - Research and development expenses surged by 86.63% to RMB 35,682,961.15, driven by increased investment in product and process upgrades[42] - The company is focused on enhancing its R&D capabilities in key automotive components, aligning with national initiatives for electric vehicles[29] Market and Industry Trends - The domestic washing machine market is experiencing a shift towards drum washing machines, with increasing sales year-on-year[26] - The government has introduced policies to stimulate household appliance consumption, which positively impacts the company's sales outlook[27] - The automotive parts industry saw production and sales of 12.569 million and 12.891 million vehicles respectively in the first half of 2021, representing year-on-year growth of 24.2% and 25.6%[29] Strategic Initiatives - The company has established a comprehensive supplier management system to ensure quality and cost optimization in procurement[25] - The company has completed the first phase of its factory in Thailand and has begun mass production, with the second phase of investment already initiated[37] - The company is focusing on optimizing its product structure to increase the proportion of high-margin products and reduce low-margin products[38] Risks and Challenges - The company is facing significant challenges from rising raw material costs and uncertainties due to the ongoing global pandemic[40] - Customer concentration risk is present, as the company relies heavily on a few major clients in the home appliance and automotive sectors, which could lead to substantial profit declines if these clients face operational challenges[63] - The competitive landscape in the home appliance parts industry is intensifying, with leading firms expanding capacity and focusing on cost control, new product development, and brand building, posing a risk to the company's market position[65] Governance and Compliance - The company has undergone significant management changes, including the resignation of the CFO and the appointment of a new CFO, which may impact financial oversight and strategy execution[71] - The company will ensure compliance with relevant laws and regulations regarding the conduct of its directors and senior management[98] - The company has committed to ensuring the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions[96] Shareholder Relations - The company plans to distribute profits and potentially increase capital reserves, reflecting a focus on shareholder returns and financial stability[75] - The company did not distribute or increase capital reserves in the first half of 2021[76] - Major shareholders committed not to reduce their holdings within 36 months post-IPO and to limit any reductions thereafter to no more than 25% of their total shares held at the end of the previous year[97]

Financial Performance - Operating revenue for the first quarter reached CNY 489,693,426.15, representing a 68.60% increase year-on-year[7] - Net profit attributable to shareholders increased by 83.21% to CNY 20,372,741.31 compared to the same period last year[7] - Basic earnings per share increased by 83.33% to CNY 0.11 per share[7] - The company's operating revenue for Q1 2021 was RMB 489,693,426.15, representing a 68.60% increase compared to the previous year[14] - The net profit for Q1 2021 reached RMB 20,372,741.31, an increase of 83.21% year-over-year[15] - The total profit for Q1 2021 was ¥21,345,937.58, an increase from ¥12,495,149.30 in Q1 2020, representing a growth of approximately 70.5%[54] - The company's total comprehensive income for Q1 2021 was ¥20,451,969.22, compared to ¥11,119,887.17 in Q1 2020, indicating an increase of approximately 83.5%[54] Cash Flow - The net cash flow from operating activities was negative at CNY -6,196,123.00, a decrease of 113.40% compared to the previous year[7] - The cash flow from operating activities showed a net outflow of RMB 6,196,123.00, a decline of 113.40% year-over-year[16] - In Q1 2021, the company's cash inflow from operating activities was CNY 439,955,705.45, a 40.5% increase from CNY 313,193,651.93 in Q1 2020[58] - The company reported a net cash outflow from investing activities of CNY -9,312,256.50, down from a net inflow of CNY 42,403,523.16 in Q1 2020[59] - Cash inflow from financing activities was CNY 50,000,000.00, slightly up from CNY 49,990,324.35 in Q1 2020[59] - The net cash flow from financing activities improved to CNY 34,098,686.11, compared to a net outflow of CNY -597,766.74 in the previous year[59] Assets and Liabilities - Total assets increased by 4.66% to CNY 1,892,334,641.48 compared to the end of the previous year[7] - The company reported a significant increase in accounts receivable by 127.49% to CNY 69,478,284.79 due to increased bill amounts received[13] - The company’s total liabilities increased, with contract liabilities rising by 73.90% to RMB 404,730.17, indicating more prepayments from customers[14] - Total liabilities rose to ¥834,007,597.75, compared to ¥770,275,465.55, indicating an increase of 8.3%[48] - The company's cash and cash equivalents amounted to ¥233,891,999.69, up from ¥210,286,544.10, representing an increase of 11.2%[49] - The company’s inventory increased to RMB 394,155,738.97 as of March 31, 2021, compared to RMB 330,464,417.32 at the end of 2020[46] Shareholder Information - The number of shareholders at the end of the reporting period was 7,837[10] - The largest shareholder, Ningbo Qijing Holding Co., Ltd., holds 52.03% of the shares[10] - The company distributed a cash dividend of RMB 0.1 per share, totaling RMB 19,213,691 based on a total share capital of 192,136,910 shares[35] Research and Development - Research and development expenses increased by 75.93% to RMB 17,321,888.53, reflecting higher investment in new products and technologies[14] - Research and development expenses in Q1 2021 amounted to ¥17,321,888.53, which is a 75.5% increase from ¥9,845,987.98 in Q1 2020[56] Corporate Actions - The company has completed the fundraising for the annual production expansion project of 26 million automotive powertrain key components, with a total of RMB 202.30 million used[19] - The company has terminated the non-public issuance of A-shares originally planned for 2019, as approved in the board meetings held on April 19, 2021[21] - The company plans to invest RMB 22.996 million in the annual production expansion project of 26 million automotive powertrain key components, with RMB 19.943 million already invested[22] Related Party Transactions - The estimated total amount of daily related transactions for 2021 is expected to be no more than RMB 27.339 million, involving business interactions with Ningbo Yulin Metal Products Co., Ltd.[31] - The total amount of related party transactions for 2021 is projected to be RMB 2,733.90 million, with actual transactions amounting to RMB 645.44 million[32] - The company signed a lease agreement with Ningbo Qijing Holdings for office space, with an annual rent of RMB 94,824, resulting in a related party transaction of RMB 23,706 in Q1 2021[32] Compliance and Standards - The company adopted new leasing standards effective January 1, 2021, impacting financial reporting[67] - The company is in compliance with the new accounting standards as mandated by the Ministry of Finance[70]

Financial Performance - The company's operating revenue for 2020 was ¥1,559,374,078.12, a decrease of 6.42% compared to ¥1,666,390,456.03 in 2019[21] - The net profit attributable to shareholders for 2020 was ¥56,206,359.28, down 26.35% from ¥76,316,812.65 in 2019[21] - The basic earnings per share for 2020 was ¥0.29, a decrease of 27.50% from ¥0.40 in 2019[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 34.03%, primarily due to a decline in operating revenue and an increase in exchange losses[23] - The automotive parts business grew significantly, with annual sales revenue reaching CNY 164.77 million, an increase of 43.11% year-on-year, making it the company's second main business[49] - The company’s net profit attributable to ordinary shareholders for 2020 was RMB 56,206,359.28, with a cash dividend payout ratio of 102.55%[106] Cash Flow and Assets - The net cash flow from operating activities increased by 171.48% to ¥309,325,081.13 in 2020, compared to ¥113,942,085.07 in 2019[21] - The total assets at the end of 2020 were ¥1,808,109,989.61, an increase of 1.87% from ¥1,774,935,312.59 at the end of 2019[21] - The company's long-term equity investments decreased by 98.87% year-on-year, with a return of 20 million yuan from the liquidation of an investment partnership[41] - The company's trading financial assets amounted to 70 million yuan, a year-on-year decrease of 32.73% due to continuous investment in fundraising projects[41] - The total liabilities increased by 9.89% to 770,275,465.55, compared to 700,953,292.45 in the previous year[75] Market and Industry Trends - The company faced a decline in sales due to the impact of the pandemic in the first half of 2020, contributing to the decrease in revenue and profit[22] - In 2020, the total sales volume of washing machines in China was 63.235 million units, a year-on-year decrease of 4.6%, with domestic sales down by 4.7%[36] - The automotive parts manufacturing industry in China has formed a preliminary scale and specialization, with the ability to manufacture nearly all automotive parts locally to meet domestic localization needs[37] - The export of China's automotive parts is gradually increasing, showing a trend towards overseas expansion due to comparative advantages in labor and wage levels[37] Research and Development - The company received 3 utility model patents during the reporting period, and a total of 124 new products were put into mass production, laying a foundation for future business growth[48] - Research and development expenses totaled ¥49,573,881.73, accounting for 3.18% of total revenue, with 275 R&D personnel representing 11.25% of the total workforce[68] - The company has a strong technical research and development capability, mastering key technologies such as metal material cold forging and stamping technology[45] Corporate Governance and Compliance - The company has committed to ensuring fair pricing in related party transactions to protect the interests of shareholders, especially minority shareholders[110] - The company has fulfilled its commitment regarding the management of funds and will adhere to relevant laws and regulations to prevent any improper financial transactions[110] - The company has established a policy to support and regulate the conduct of its directors and senior management[114] Environmental and Social Responsibility - The company has implemented strict environmental protection measures, with no incidents of environmental pollution reported during the reporting period[161] - The company donated 200,000 yuan to targeted poverty alleviation efforts in Qinglong County, contributing to the goal of building a moderately prosperous society[154] - The company contributed a total of 1,428,525 yuan to social welfare and charity in 2020[159] Shareholder and Dividend Policies - The company distributed cash dividends of RMB 2.8 per 10 shares for the 2019 fiscal year, totaling RMB 53,795,952.28, based on a total share capital of 192,128,401 shares after deducting restricted shares[104] - The proposed cash dividend for the 2020 fiscal year is RMB 1.0 per 10 shares, with a total estimated distribution of RMB 19,213,222.4, bringing the total cash dividends for 2020 to RMB 57,639,056.60[107] - The company maintained a consistent cash dividend policy, emphasizing long-term interests and sustainable development while ensuring reasonable returns for investors[103] Risks and Challenges - The company faces risks from raw material price fluctuations, particularly steel, which could significantly impact profitability if prices continue to rise[99] - The company is exposed to foreign exchange risks due to its reliance on exports priced in USD, which may lead to significant exchange gains or losses[100] - The company faced market competition risks due to increasing industry concentration and competition among leading enterprises, which could pressure its performance if strategic adjustments are not made[100]