Financial Performance - The company's operating revenue for Q3 2021 was ¥319,630,073.16, a decrease of 30.26% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥24,356,054.41, down 61.26% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,988,120.45, a decrease of 57.02% compared to the same period last year[5] - Basic and diluted earnings per share for Q3 2021 were both ¥0.11, reflecting a decline of 61.26% year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥1,284,528,261.57, an increase of 6.03% compared to ¥1,211,454,352.52 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥221,530,488.26, slightly higher than ¥221,404,984.96 in the same period of 2020, reflecting a growth of 0.06%[21] - The total profit for the first three quarters of 2021 was ¥262,481,602.91, compared to ¥257,149,839.09 in the same period of 2020, marking an increase of 2.57%[21] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period was ¥361,530,810.52, an increase of 36.76% compared to the same period last year[6] - Cash flow from operating activities totaled ¥1,438,768,786.98, an increase of 37.83% compared to ¥1,044,387,587.44 in the first three quarters of 2020[25] - The net cash flow from operating activities was CNY 361,530,810.52, an increase of 36.8% compared to CNY 264,351,217.05 in the previous year[26] - The net increase in cash and cash equivalents was CNY 2,005,656.39, down from CNY 415,133,170.25 in the same quarter last year[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,742,683,147.04, representing a 3.68% increase from the end of the previous year[6] - As of September 30, 2021, total assets amounted to RMB 3,742,683,147.04, an increase from RMB 3,610,011,554.78 at the end of 2020[17] - Total liabilities decreased to RMB 1,506,714,600.57 from RMB 1,569,773,496.59 at the end of 2020, indicating a reduction in financial obligations[17] - Total current liabilities decreased to RMB 882,377,153.34 from RMB 911,627,219.86, indicating better short-term financial management[17] - The total assets amounted to CNY 3,610,011,554.78, slightly down from CNY 3,616,306,986.17[29] - Total liabilities were CNY 1,569,773,496.59, compared to CNY 1,576,068,927.98, showing a decrease in overall liabilities[30] Equity and Investments - The equity attributable to shareholders at the end of the reporting period was ¥2,222,369,015.56, up 10.52% from the previous year[6] - The company's total equity rose to RMB 2,235,968,546.47 from RMB 2,040,238,058.19, indicating a strengthening of the financial position[17] - Long-term investments increased to RMB 56,288,305.22 from RMB 50,389,982.98, reflecting a commitment to growth initiatives[16] - The company's total equity stood at CNY 2,040,238,058.19, unchanged from the previous reporting period[30] Operational Efficiency - The decline in revenue and profit was attributed to the implementation of the National VI emission standards, which led to a decrease in customer orders and sales[10] - Accounts receivable decreased significantly to RMB 351,991,426.43 from RMB 548,479,235.95, reflecting improved collection efficiency[15] - Inventory increased to RMB 296,388,138.05 from RMB 233,502,830.87, suggesting potential growth in sales or production[15] - The company incurred a credit impairment loss of ¥10,420,763.42, contrasting with a gain of ¥7,023,006.16 in the previous year[19] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥66,816,428.93, up 6.52% from ¥62,772,730.40 in the same period of 2020[19] Tax and Other Expenses - The company's tax expenses for the first three quarters of 2021 were ¥40,951,114.65, up from ¥35,744,854.13 in the same period of 2020[21] Non-Recurring Items - The company reported non-recurring gains of ¥2,301,693.16 from government subsidies during the year-to-date period[8] - The company implemented new leasing standards starting from 2021, affecting the financial statements[28]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥964,898,188.41, representing a 28.12% increase compared to ¥753,149,171.09 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥194,892,768.15, up 26.19% from ¥154,438,507.26 in the previous year[19]. - The net cash flow from operating activities was ¥258,728,969.00, reflecting a 33.88% increase from ¥193,252,734.80 in the same period last year[19]. - The total profit attributable to shareholders for the reporting period is 4,512,850.11[23]. - The company achieved operating revenue of ¥964,898,188.41, representing a year-on-year increase of 28.12%[33]. - The net profit attributable to shareholders reached ¥194,892,768.15, up 26.19% compared to the same period last year[33]. - The total profit for the first half of 2021 was CNY 231,889,676.23, compared to CNY 180,387,220.06 in the first half of 2020, reflecting a growth of 28.5%[92]. - The company reported a comprehensive income of CNY 114,854,273.13 for the current period, indicating positive financial performance[119]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,798,051,211.82, which is a 5.21% increase from ¥3,610,011,554.78 at the end of the previous year[19]. - The company's total liabilities were RMB 1,587,013,429.50, a slight decrease from RMB 1,569,773,496.59 at the end of 2020, showing a reduction of about 1.1%[84]. - The total equity attributable to shareholders was RMB 2,211,037,782.32, an increase from RMB 2,040,238,058.19 at the end of 2020, indicating a growth of approximately 8.4%[84]. - The company's total assets reached CNY 2,128,554,050.55, demonstrating growth in asset base[116]. - The company's total equity at the end of the reporting period is RMB 1,772,629,124.72, an increase from the previous year's total equity of RMB 806,608,036.05[124]. Cash Flow - The cash inflow from operating activities for the first half of 2021 was CNY 1,011,411,557.69, a 57.3% increase from CNY 642,457,337.97 in the same period of 2020[98]. - The cash inflow from financing activities was CNY 90,000,000.00, a decrease from CNY 993,818,063.57 in the same period last year[102]. - The total cash and cash equivalents at the end of the period were CNY 589,447,137.01, a decrease from CNY 1,020,037,094.78 at the end of the first half of 2020[99]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 16,940[72]. - The largest shareholder, Li Zuoyuan, holds 92,872,828 shares, representing 40.11% of the total shares[75]. - The second-largest shareholder, Xu Nengchen, holds 25,969,680 shares, accounting for 11.22%[75]. - The total number of shares with limited sale conditions at the end of the reporting period is 143,461,105[71]. Business Operations - The company's main business is the research, production, and sales of diesel engine components, with a focus on product sales and entrusted processing[25]. - The company has established long-term stable relationships with major clients such as Foton Cummins and Dongfeng Cummins, which enhances its brand recognition and market expansion capabilities[28]. - The company utilizes an "order-driven" production model, aligning production with actual customer demand[25]. - The company is expanding its customer base with new clients like Guangxi Yuchai, which is expected to further enhance revenue growth[33]. Research and Development - Research and development expenses rose to ¥41,262,541.09, marking an increase of 11.95% as the company intensified its investment in new projects[36]. - Research and development expenses for the first half of 2021 were ¥41,262,541.09, an increase of 12.1% compared to ¥36,857,968.98 in the first half of 2020[91]. Risks and Challenges - The company faces risks related to the cyclical fluctuations in the automotive industry, which significantly impact its revenue from automotive parts manufacturing[48]. - The company is exposed to risks from the price volatility of raw materials, particularly iron ore, which affects the cost of engine component blanks[48]. Corporate Governance - There were significant changes in the board of directors, with multiple resignations and new appointments, including the election of a new chairman and general manager[52]. - The company has no significant litigation or arbitration matters during the reporting period[64]. - The company and its major shareholders have maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[64]. Environmental and Regulatory Compliance - An environmental penalty of ¥100,000 was imposed due to a violation related to wastewater discharge, which has since been rectified[57]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[90]. - The company aims to improve its financial performance in the upcoming quarters through strategic initiatives and potential acquisitions[105].

Group 1: Event Details - The event is scheduled for June 24, 2021, from 15:30 to 17:00 [4] - The meeting will be conducted online via the "Panjing Roadshow" platform [4] - The event is part of the "Sincere Communication, Mutual Trust and Win-Win" initiative organized by the Hubei Securities Regulatory Bureau and other associations [3] Group 2: Participation Information - Company representatives include General Manager Ms. Li Congrong, Secretary of the Board Mr. Liu Wangcheng, and Chief Financial Officer Ms. Wang Hongyun [5] - Investors can participate by logging into the specified website on the event date [6] - Investors are encouraged to submit questions by June 23, 2021, to enhance the efficiency of the Q&A session [6] Group 3: Contact Information - Contact phone number: 0710-3062990 [6] - Email for inquiries: cydg2001@126.com [6]

2021 年第一季度报告 公司代码：603950 公司简称：长源东谷 襄阳长源东谷实业股份有限公司 2021 年第一季度报告 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | | | | 减(%) | | | 总资产 | 3,760,121,761.95 | 3,610,011,554.78 | | 4.16 | | 归属于上市公司 | 2,105,709,694.54 | 2,010,827,770.37 | | 4.72 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | 125,311,299.73 | 173,656,554.35 | | -27.84 | | 现金流量净额 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | | 营业收入 | 508,373,463.98 | 268,245,115.46 | | 89. ...

Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of 314,538,627.08 CNY, representing a 17.01% increase compared to 2019[5]. - The total operating revenue for 2020 was 1,677,984,515.70 CNY, marking a 45.25% increase from 1,155,220,399.34 CNY in 2019[22]. - The company's net assets attributable to shareholders increased by 84.38% to 2,010,827,770.37 CNY at the end of 2020, compared to 1,090,588,513.77 CNY at the end of 2019[22]. - The net cash flow from operating activities for 2020 was 433,995,214.92 CNY, a 69.79% increase from 255,610,974.42 CNY in 2019[22]. - The basic earnings per share for 2020 was 1.52 CNY, a slight decrease of 1.94% from 1.55 CNY in 2019[23]. - The company reported a net profit of 278,820,562.74 CNY after deducting non-recurring gains and losses, which is a 75.08% increase from 159,251,254.12 CNY in 2019[22]. - The total assets of the company at the end of 2020 were 3,610,011,554.78 CNY, reflecting a 32.77% increase from 2,719,026,348.13 CNY in 2019[22]. - The weighted average return on equity for 2020 was 18.57%, down 9.54 percentage points from 28.11% in 2019[23]. - The company achieved operating revenue of CNY 1,677,984,515.70 in 2020, representing a year-on-year growth of 45.25%[45]. - The net profit for the year was CNY 32,072.79 million, an increase of 17.72% compared to the previous year, with the net profit attributable to shareholders of the parent company reaching CNY 31,453.86 million, up 17.01%[45]. Operational Highlights - The company’s main business involves the R&D, production, and sales of diesel engine components, primarily serving major manufacturers like Foton Cummins and Dongfeng Cummins[32]. - The company operates under an "order-driven production" model, tailoring production processes to meet specific customer requirements[32]. - The automotive parts industry is a crucial component of the automotive manufacturing sector, contributing significantly to China's GDP growth[33]. - The company has established long-term stable partnerships with major manufacturers such as Foton Cummins and Dongfeng Cummins, enhancing its brand recognition in the engine parts sector[36]. - The company has developed a flexible production technology for engine components, significantly improving production efficiency and equipment utilization[37]. - The company has invested in advanced equipment from Germany and Japan, ensuring high product quality and meeting customer demands for precision[39]. - The company has implemented a strict quality management system, achieving certifications such as IATF 16949 and ISO14001, which has led to high customer recognition[39]. - The company has successfully launched new projects, including the National VI project with Guangxi Yuchai, contributing to its revenue growth[44]. - The company has adopted smart manufacturing practices, integrating advanced equipment with ERP/PDM systems to enhance operational efficiency[44]. - The company maintained production during the COVID-19 pandemic, ensuring supply stability for critical engine components[43]. Market and Industry Trends - In 2020, the commercial vehicle sales in China reached 5.133 million units, representing a year-on-year growth of 18.7%, with heavy-duty truck sales increasing by 37.9%[35]. - The trend towards high horsepower in commercial vehicles indicates that 400-460 horsepower will be the mainstream power range in the coming years[71]. - The implementation of the new national standards is expected to drive the industry towards lightweight vehicles, enhancing user benefits through reduced fuel consumption[72]. - The company recognizes the challenges posed by the rise of electric vehicles but believes that traditional fuel-powered vehicles will remain dominant in the market for the foreseeable future[72]. Research and Development - Research and development expenses totaled 84,542,853.23 CNY, representing 5.04% of total operating revenue[57]. - The company employed 176 R&D personnel, making up 10% of the total workforce[57]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[160]. Financial Management and Governance - The company has implemented a new revenue recognition standard starting January 1, 2020, which resulted in a reclassification of contract liabilities from "prepayments" to "contract liabilities" on the balance sheet[92]. - The company confirmed that there were no instances of dishonesty or failure to fulfill court judgments by its major shareholders during the reporting period[97]. - The company has established a comprehensive environmental protection system and has passed multiple certifications, including ISO14001 for environmental management[101]. - The company actively engages in clean production practices to minimize pollution and has installed advanced environmental protection equipment[101]. - The company reported that all major pollutants were within the discharge standards during the reporting period[102]. - The company strictly adheres to the requirements of the Company Law and Securities Law, enhancing its corporate governance structure[135]. - There are no penalties from securities regulatory agencies in the past three years[131]. - The company has not granted any stock incentives to directors and senior management during the reporting period[128]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,459, an increase from 17,592 at the end of the previous month[111]. - The top shareholder, Li Zuoyuan, holds 40.05% of the shares with a total of 92,722,828 shares, having increased his holdings by 1,271,083 shares during the reporting period[113]. - The second-largest shareholder, Xu Nengchen, holds 11.22% with 25,969,680 shares, all of which are subject to trading restrictions until May 26, 2023[114]. - The company has a total of 91,451,745 restricted shares held by Li Zuoyuan, which will become tradable after 36 months from the listing date[114]. - The company does not have any strategic investors or general corporations among the top 10 shareholders[115]. Future Outlook - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenues of approximately $1.32 billion[126]. - Overall, the company remains optimistic about future growth, driven by innovation and market expansion strategies[127].

Financial Performance - Operating income for the first nine months rose by 49.19% to CNY 1,211,454,352.52 compared to the same period last year[6] - Net profit attributable to shareholders increased by 81.95% to CNY 217,305,445.78 compared to the same period last year[6] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 95.59% to CNY 193,485,840.77 compared to the same period last year[6] - The company reported a net profit of CNY 123,616,043.34 for the first nine months of 2020, down from CNY 300,396,451.43 in the same period last year[24] - The net profit for the first three quarters of 2020 was ¥221.40 million, a 81.9% increase compared to ¥121.70 million in the first three quarters of 2019[27] Assets and Liabilities - Total assets increased by 28.85% to CNY 3,503,587,770.15 compared to the end of the previous year[6] - Total liabilities decreased to CNY 1,562,672,594.29 from CNY 1,605,216,786.77, a reduction of about 3%[20] - The company’s total liabilities included short-term borrowings of CNY 90,000,000.00 and accounts payable of CNY 314,317,701.08 as of Q3 2020[39] - Total liabilities amounted to CNY 1,605,216,786.77, with current liabilities at CNY 776,415,918.86 and non-current liabilities at CNY 828,800,867.91[40] Shareholder Information - The total number of shareholders reached 20,492[11] - The top shareholder, Li Zuoyuan, holds 40.05% of the shares, totaling 92,722,828 shares[12] Cash Flow - Net cash flow from operating activities increased by 18.44% to CNY 264,351,217.05 compared to the same period last year[6] - The net cash flow from operating activities for the first three quarters of 2020 was ¥264,351,217.05, compared to ¥223,193,636.99 in the same period of 2019, indicating an increase of 18.5%[34] - The company generated a net cash flow from financing activities of CNY 423,269,523.23 in Q3 2020, compared to a negative cash flow of CNY -127,389,858.80 in Q3 2019[37] Earnings Per Share - Basic and diluted earnings per share increased by 57.97% to CNY 1.09 compared to the same period last year[8] - Basic earnings per share for Q3 2020 were ¥0.27, compared to ¥0.17 in Q3 2019, reflecting a 58.8% increase[28] Research and Development - Research and development expenses increased by 44.15% to RMB 62,772,730.40, driven by new project developments and intensified efforts in National VI emissions standards[15] - Research and development expenses for Q3 2020 amounted to ¥25.91 million, a 78.5% increase from ¥14.54 million in Q3 2019[25] Operational Costs - Operating costs amounted to RMB 816,450,316.15, reflecting a 40.92% increase from RMB 579,354,547.37 year-on-year, correlating with the rise in revenue[14] - Total operating costs for Q3 2020 were ¥383.66 million, up 79.5% from ¥213.62 million in Q3 2019[25] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings and operational efficiency[17] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]

证券代码：603950 证券简称：长源东谷 公告编号：2020-015 襄阳长源东谷实业股份有限公司 关于参加湖北辖区上市公司 2020 年度 投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ●会议召开时间：2020 年 8 月 26 日（星期三）14:57-16:27 ●会议召开方式：网络方式 一、说明会类型 根据湖北省上市公司协会《关于举办湖北辖区上市公司 2020 年度投资者网 上集体接待日活动的通知》，襄阳长源东谷实业股份有限公司（以下简称"公司"） 将于 2020 年 8 月 26 日下午 14:57-16:27 参加由中国证券监督管理委员会湖北监 管局、湖北省上市公司协会与深圳市全景网络有限公司联合举办的"湖北辖区上 市公司 2020 年度投资者网上集体接待日活动"，通过网络远程的方式与广大投资 者沟通交流。 二、说明会召开的时间、方式 会议召开时间：2020 年 8 月 26 日（星期三）14:57-16:27 会议召开地点（网址）："全景•路演天下"（htt ...

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 753,149,171.09, representing a 32.56% increase compared to RMB 568,166,134.90 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was RMB 154,438,507.26, a 70.49% increase from RMB 90,586,078.51 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was RMB 135,350,240.80, up 82.64% from RMB 74,108,362.44 in the same period last year[19]. - The net cash flow from operating activities increased by 72.06% to RMB 193,252,734.80 from RMB 112,317,273.08 in the previous year[19]. - Basic earnings per share for the first half of 2020 were RMB 0.84, a 61.54% increase from RMB 0.52 in the same period last year[20]. - Net profit attributable to shareholders increased by 70.49% year-on-year, primarily driven by revenue growth[21]. - Basic and diluted earnings per share increased by 61.54% year-on-year, mainly due to substantial net profit growth[22]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,792,888,160.50, a 39.49% increase from RMB 2,719,026,348.13 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 95.17% to RMB 2,128,554,050.55 from RMB 1,090,588,513.77 at the end of the previous year[19]. - Total assets grew by 39.49% year-on-year, primarily due to accumulated net profit and the initial public offering[21]. - The total liabilities amounted to RMB 1,638,764,406.10, slightly up from RMB 1,605,216,786.77, showing a marginal increase of approximately 2.1%[96]. Cash Flow - The company's cash flow from operating activities increased by 72.06% to RMB 193,252,734.80, driven by higher sales revenue[40]. - The ending balance of cash and cash equivalents was CNY 971,532,643.18, up from CNY 164,757,182.89 at the end of the previous year[112]. - The company reported a net increase in cash and cash equivalents of CNY 879,783,416.53, compared to a decrease of CNY 93,263,047.19 in the same period last year[112]. Revenue Growth Drivers - The company attributed the revenue growth to increased sales of the Foton Cummins ISG products and new customer acquisitions, including Shafeng and Guangxi Yuchai, which significantly boosted sales[19]. - The company successfully developed new clients such as Guangxi Yuchai and Shafihong, leading to significant sales growth[38]. Research and Development - Research and development expenses rose by 27.07% to ¥36,857,968.98, aimed at maintaining product and process advancement[40]. - The company aims to enhance its research and development efforts to innovate and improve its product offerings[115]. Market Strategy - The company plans to continue expanding its market presence and product offerings to sustain growth in the future[6]. - The company is focusing on expanding its market presence and enhancing its product offerings in response to industry trends[49]. Shareholder Information - The company plans to distribute a cash dividend of CNY 12 per share, subject to shareholder approval[53]. - Major shareholders are restricted from transferring or entrusting their shares for 36 months post-listing[55]. - The company has confirmed that all commitments made by major stakeholders have been fulfilled[54]. Compliance and Governance - The company has established a comprehensive quality management system, achieving IATF 16949 and ISO14001 certifications[34]. - The company and its subsidiaries strictly complied with environmental protection laws and regulations, with no violations or pollution incidents reported during the period[63]. - The audit report confirms that the financial statements present a fair view of the company's financial position as of June 30, 2020[83]. Accounting Policies - The company implemented a new revenue recognition standard starting January 1, 2020, which changed the reporting of contract liabilities from "prepayments" to "contract liabilities"[64]. - The financial statements are prepared in accordance with current accounting standards, reflecting the company's financial status and operating results accurately[143]. Risks and Challenges - The company faces risks related to the automotive industry's cyclical fluctuations and raw material price volatility, with direct material costs accounting for 66.89% of the main business costs[49]. - The company has significant investments in joint ventures, with a total investment in Hebei Foton Haoxin Automotive at CNY 49,470,718.86[47].