南京泉峰汽车精密技术股份有限公司 第三届董事会第十三次会议 南京泉峰汽车精密技术股份有限公司独立董事 关于第三届董事会第十三次会议相关事项的独立意见 南京泉峰汽车精密技术股份有限公司（以下简称"公司"）于 2023 年 8 月 25 日召开了第三届董事会第十三次会议。我们作为公司的第三届董事会独立董事， 根据《上市公司独立董事规则》、《上海证券交易所股票上市规则》、《南京泉峰汽 车精密技术股份有限公司章程》和《南京泉峰汽车精密技术股份有限公司独立董 事工作制度》等有关规定，在仔细审阅公司董事会提交的议案及有关资料、听取 公司董事会情况介绍以及向公司有关人员进行询问的基础上，基于客观、独立判 断的立场，现就以下事项发表独立意见如下： 一、《2023 年半年度募集资金存放与实际使用情况的专项报告》 公司编制的《2023 年半年度募集资金存放与实际使用情况的专项报告》内 容真实、准确、完整，不存在虚假记载、误导性陈述和重大遗漏，公司 2023 年 半年度募集资金的存放与使用符合中国证监会、上海证券交易所关于上市公司募 集资金存放与使用的相关规定，符合公司《募集资金管理制度》的有关规定，不 存在募集资金存放和使用违规 ...

| 证券代码：603982 | 证券简称：泉峰汽车 公告编号：2023-075 | | --- | --- | | 转债代码：113629 | 转债简称：泉峰转债 | 南京泉峰汽车精密技术股份有限公司 南京泉峰汽车精密技术股份有限公司（以下简称"公司"）于 2023 年 5 月 19 日召开第三届董事会第十一次会议和第三届监事会第八次会议，审议通过了《关 于调整非公开发行股票募投项目募集资金投入方式的议案》，鉴于泉峰汽车精密 技术（安徽）有限公司（以下简称"泉峰安徽"）发展需要及部分募投项目募集 资金变更的实际情况，同意公司调整募投项目"高端汽车零部件智能制造项目（二 期）"的募集资金投入方式，由"使用募集资金向募投项目实施主体公司全资子 公司泉峰安徽增资人民币 1.9 亿元、提供不超过人民币 23,953.26 万元有息借 款"调整为"使用募集资金向募投项目实施主体公司全资子公司泉峰安徽增资人 民币 42,953.26 万元、提供不超过人民币 10,103.54 万元有息借款"。具体内容 详见公司于 2023 年 5 月 20 日在指定信息披露媒体及上海证券交易所网站 （www.sse.com.cn）披露的 ...

公司现已完成上述事项的工商变更登记手续，并取得了南京市市场监督管理 局换发的《营业执照》，相关登记信息如下： 统一社会信用代码：91320115589429458D 名称：南京泉峰汽车精密技术股份有限公司 类型：股份有限公司（港澳台投资、上市） | 证券代码：603982 | 证券简称：泉峰汽车 公告编号：2023-074 | | --- | --- | | 转债代码：113629 | 转债简称：泉峰转债 | 南京泉峰汽车精密技术股份有限公司 关于完成工商变更登记的公告 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法律责任。 南京泉峰汽车精密技术股份有限公司（以下简称"公司"）于 2023 年 5 月 11 日召开了第三届董事会第十次会议，审议通过了《关于减少公司注册资本并修订 <公司章程>的议案》，并同意授权公司董事长和经营管理层负责办理修改《公司 章程》涉及的工商变更登记等相关事宜。根据公司 2019 年年度股东大会及 2022 年第三次临时股东大会分别审议通过的《关于提请股东大会授权董事会办理股权 激励相关事宜的议案》，本次修订 ...

| 证券代码：603982 | 证券简称：泉峰汽车 | 公告编号：2023-036 | | --- | --- | --- | | 转债代码：113629 | 转债简称：泉峰转债 | | 会议召开时间：2023 年 05 月 08 日(星期一)下午 16:00-17:00 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 04 月 26 日(星期三) 至 05 月 05 日(星期五) 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@chervonauto.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。 南京泉峰汽车精密技术股份有限公司（以下简称"公司"）已于 2023 年 4 月 22 日发布公司《2022 年年度报告》及《2023 年第一季 度报告》，为便于广大投资者更全面深入地了解公司 2022 年度及 202 3 年第一季度经营成果、财务状况等情况，公司计划于 2023 年 05 月 08 日下午 16:00-17:00 举行 ...

Financial Performance - The company's operating revenue for 2022 was CNY 1,744,540,675.89, representing an increase of 8.03% compared to CNY 1,614,885,555.25 in 2021[21]. - The net profit attributable to shareholders of the listed company for 2022 was a loss of CNY 154,345,174.56, a decrease of 226.64% compared to a profit of CNY 121,872,353.77 in 2021[22]. - The total assets at the end of 2022 were CNY 6,291,047,374.19, an increase of 80.26% from CNY 3,490,020,601.66 at the end of 2021[22]. - The net cash flow from operating activities for 2022 was a negative CNY 527,473,199.92, compared to a negative CNY 105,088,856.41 in 2021[22]. - The company's net assets attributable to shareholders at the end of 2022 were CNY 2,852,474,612.28, an increase of 55.58% from CNY 1,833,409,389.68 at the end of 2021[22]. - Basic earnings per share decreased to -0.7499 yuan, a decline of 223.24% compared to the previous year[23]. - The weighted average return on equity fell to -8.34%, a decrease of 15.69 percentage points year-on-year[23]. - Operating costs rose to 1.582 billion RMB, reflecting a year-on-year increase of 23.72%[49]. - The company reported a net profit of 262,762,602.93 RMB, a decrease of 39.18% compared to the previous year's profit of 432,012,958.65 RMB[77]. Revenue Growth and Business Transition - The company achieved total operating revenue of RMB 1.745 billion in 2022, representing an 8.03% increase compared to the previous year[31]. - The sales revenue from new energy vehicle components reached RMB 645 million, marking a 99% year-on-year growth and accounting for 37% of total revenue[31]. - The company's new energy business revenue share increased from 20% in 2021 to 37% in 2022, with expectations for further growth in 2023[34]. - The company is transitioning from traditional automotive components to new energy vehicle components, indicating a strategic shift in its business model[31]. - The company achieved mass production of single motor housings for well-known North American OEMs and tier 1 clients, with dual motor housings expected to become a significant growth driver due to their higher unit value[32]. - The company is actively developing large-scale die-casting technology, focusing on "multi-in-one" aluminum die-casting parts for new energy vehicles[44]. Research and Development - Research and development expenses surged as the company invested in enhancing its core competitiveness[31]. - The company invested approximately RMB 172.47 million in R&D in 2022, accounting for 9.89% of total revenue, focusing on integrated die-casting technology[34]. - The company has established a research and production base in Hungary to capitalize on the growth of the European electric vehicle market[48]. - The company is focused on enhancing its R&D investment in new energy vehicle components, focusing on key products like the three-electric shell and automatic transmission valve body[107]. Corporate Governance and Management - The company has established a new management team following the board and executive restructuring in November 2022, aiming to enhance value creation for shareholders[36]. - The board of directors has been reduced from 9 to 7 members, with 3 independent directors[117]. - The company has established four specialized committees under the board: Strategy Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee[117]. - The company has committed to improving its corporate governance structure in compliance with relevant laws and regulations[118]. - The management team has diligently fulfilled their responsibilities as per the company’s regulations and governance framework[117]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, primarily generating waste gas and wastewater during production[175]. - The highest concentration of nitrogen oxides emitted was 40 mg/m3, well below the standard limit of 180 mg/m3[177]. - The company’s wastewater treatment system ensures that chemical oxygen demand is maintained at 387 mg/L, below the standard limit of 500 mg/L[178]. - The company achieved a carbon emission reduction of 2,115 tons through the use of clean energy and energy-saving technologies in 2022[186]. - The company has been certified under the ISO 14001 environmental management system, ensuring compliance with environmental regulations[185]. Shareholder Engagement and Financial Strategy - The company plans not to distribute cash dividends or issue bonus shares for the 2022 fiscal year[5]. - The cash dividend policy stipulates that at least 30% of the average distributable profit over the last three years should be distributed in cash if conditions are met[160]. - The company has implemented a stock incentive plan for 2022, aimed at aligning employee interests with company performance[143]. - The company is actively engaging in stock repurchase plans as part of its employee incentive strategies[165]. - The company completed the repurchase and cancellation of 211,568 restricted stocks, which included 49,040 shares from a departing employee and 162,528 shares that did not meet the release conditions[165]. Market Trends and Industry Outlook - The domestic passenger car market saw production and sales of 23.84 million units in 2022, with new energy vehicles experiencing a 96.9% increase in production[38]. - The penetration rate of new energy vehicles in China reached 25.6% in 2022, indicating a strong growth trend in the new energy vehicle sector[100]. - The automotive parts industry in China is expected to grow significantly, with the automotive industry being a pillar of the national economy and the per capita car ownership still below the global average[99]. - The company anticipates continued growth in the new energy vehicle sector, driven by increased production and collaboration with leading manufacturers[54].

Financial Performance - The company's revenue for Q1 2023 was CNY 446.32 million, representing a year-on-year increase of 9.58%[5] - The net profit attributable to shareholders was a loss of CNY 99.41 million, a decrease of 661.70% compared to the same period last year[5] - Total operating revenue for Q1 2023 was CNY 446,317,975.10, an increase of 9.8% compared to CNY 407,293,544.85 in Q1 2022[20] - Net profit for Q1 2023 was a loss of CNY 99,405,169.76, compared to a profit of CNY 17,697,198.40 in Q1 2022[22] - Basic and diluted earnings per share were both CNY -0.3808, a decrease of 530.77% year-on-year[6] - The weighted average return on equity decreased by 4.50 percentage points to -3.54%[6] - The gross profit margin decreased due to rising costs, with operating profit for Q1 2023 at -CNY 129,373,179.51 compared to CNY 16,891,229.24 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 210.56 million, reflecting a decline of 362.03% compared to the previous year[5] - Operating cash flow for Q1 2023 was a net outflow of CNY 210,556,200.29, compared to a net inflow of CNY 80,354,466.61 in Q1 2022[25] - The net cash flow from investing activities was -$216,871,939.09, compared to -$264,932,187.08 in the previous year, indicating a decrease in cash outflow[26] - Cash inflow from financing activities amounted to $648,419,861.63, significantly higher than $164,133,793.74 in the same quarter last year[26] - The net cash flow from financing activities was $502,951,043.15, compared to $17,074,235.74 in the previous year, showing a substantial increase[26] - The total cash and cash equivalents at the end of the period reached $620,425,281.52, up from $141,890,900.49 at the end of the previous year[26] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 6.35 billion, a slight increase of 0.93% from the end of the previous year[6] - The company's total liabilities as of Q1 2023 were CNY 3,593,245,938.74, an increase from CNY 3,438,572,761.91 in the previous year[21] - The total equity attributable to shareholders was CNY 2,756,452,545.78, down from CNY 2,852,474,612.28 in Q1 2022[21] - Short-term borrowings rose to CNY 1,040,248,942.19 from CNY 884,552,672.78, representing an increase of around 17.6%[17] - The company's total current liabilities decreased to CNY 1,800,318,329.91 from CNY 1,983,475,748.24, a reduction of approximately 9.2%[17] Operational Focus and Strategy - The company is focusing on transitioning from traditional auto parts to new energy vehicle components and is accelerating project construction in Ma'anshan, Anhui, and Hungary[7] - The company plans to implement cost reduction and efficiency improvement measures while seizing strategic opportunities in the new energy vehicle sector[7] - The increase in management expenses and high R&D costs are contributing factors to the ongoing strategic losses[7] - The company has not disclosed any new product or technology developments in this quarter[15] - There are no significant market expansion or acquisition strategies mentioned in the report[15] - The company has not provided specific future guidance or outlook for the upcoming quarters[15] Inventory and Receivables - Inventory levels stood at CNY 800,634,648.53, showing a slight increase from CNY 789,344,974.13 in the previous year, which is an increase of approximately 1.5%[16] - Accounts receivable decreased to CNY 476,313,959.31 from CNY 649,263,448.85, indicating a decline of about 26.5%[16]

Financial Performance - The company's operating revenue for Q3 2022 reached ¥477,702,512.10, representing a year-on-year increase of 24.64% and a quarter-on-quarter increase of 42.62%[5] - The net profit attributable to shareholders was a loss of ¥35,116,516.69, reflecting a significant decline of 208.37% compared to the same period last year[5] - The basic earnings per share for the quarter was -¥0.1750, a decrease of 208.08% compared to the same period last year[6] - The net profit attributable to shareholders for the third quarter of 2022 was -270.92 million RMB, with a basic earnings per share of -208.08 RMB[13] - For the year-to-date period, the net profit attributable to shareholders was -150.63 million RMB, primarily due to rapid capacity expansion leading to a significant increase in fixed costs and ongoing R&D investments[13] - The net profit for the third quarter of 2022 was a loss of ¥56,087,631.88, compared to a profit of ¥110,769,102.07 in the same quarter of 2021, reflecting a significant decline[25] - The diluted earnings per share for the year-to-date period was -150.55 RMB, consistent with the overall financial performance[13] Revenue and Growth - The revenue from the new energy vehicle components business grew by 129.77% year-on-year, contributing 37.84% to the total revenue for the quarter[7] - Cumulative operating revenue for the year increased by 2.62% year-on-year, despite the challenges faced in the first half of the year[7] - Total revenue for the first three quarters of 2022 reached ¥1,219,934,216.76, an increase from ¥1,188,816,927.04 in the same period of 2021, representing a growth of approximately 2.6%[24] - Total revenue from sales of goods and services received in the first three quarters of 2022 was 1,163,485,936.63 RMB, down from 1,291,993,715.62 RMB in the previous year, reflecting a decline of approximately 9.9%[28] Cash Flow and Assets - The company reported a cash flow from operating activities of -¥279,573,135.14 for the year-to-date, indicating a significant cash outflow[6] - The cash flow from operating activities for the year-to-date period was -991.17 million RMB, attributed to strategic inventory buildup and increased accounts receivable due to rapid sales growth[13] - Cash and cash equivalents decreased from ¥309,743,638.55 to ¥272,745,469.53, a decline of about 11.9%[20] - Total assets at the end of the reporting period amounted to ¥5,034,168,876.80, an increase of 44.24% from the end of the previous year[6] - Total assets increased to ¥5,034,168,876.80 in Q3 2022 from ¥3,490,020,601.66 in Q3 2021, representing a growth of approximately 44.3%[21] - The company's net cash flow from operating activities for the first three quarters of 2022 was -279,573,135.14 RMB, a significant decrease compared to 31,371,472.24 RMB in the same period of 2021[28] - Cash and cash equivalents at the end of the period stood at 263,194,196.94 RMB, down from 487,435,540.02 RMB at the end of the previous year[29] Investments and Expenses - The company is experiencing strategic losses due to ongoing investments in new product development and capacity expansion, which are still ramping up[7] - Research and development expenses for the third quarter of 2022 amounted to ¥128,820,184.01, compared to ¥89,355,573.67 in the previous year, marking an increase of approximately 44.2%[25] - The company continues to invest heavily in R&D to drive innovation and support future growth initiatives[13] - The net cash flow from investing activities was -1,244,560,222.38 RMB, compared to -706,929,302.56 RMB in the same period of 2021, indicating an increase in cash outflow for investments[29] Liabilities and Equity - Total liabilities rose to ¥3,268,266,589.24 in Q3 2022, compared to ¥1,656,611,211.98 in Q3 2021, indicating an increase of about 97.4%[21] - The total equity attributable to shareholders decreased from ¥1,833,409,389.68 to ¥1,765,902,287.56, a decline of about 3.7%[22] - Short-term borrowings increased significantly from ¥568,926,909.65 to ¥1,157,935,064.10, representing an increase of approximately 103.4%[21] Strategic Focus - The company is focusing on strategic market expansion and product development to enhance its competitive position[13] - The rapid expansion of production capacity is expected to stabilize costs in the long term, despite short-term challenges[13] - The company is in a phase of ramping up production efficiency for multiple new products, which is expected to improve profitability in the future[13] - The company achieved a historical high in revenue for September 2022, reaching ¥176,203,400, with a significant narrowing of net loss to ¥2,275,000[7] Financing Activities - The company received cash inflows from financing activities amounting to 2,023,022,412.27 RMB, significantly higher than 1,070,133,600.00 RMB in the same period of 2021[29] - The company paid 467,860,650.00 RMB in cash for debt repayment during the financing activities, compared to 146,698,109.12 RMB in the previous year[29] - The company reported a tax refund of 67,027,309.33 RMB in the first three quarters of 2022, an increase from 36,305,097.30 RMB in the same period of 2021[28] - The company experienced a foreign exchange impact on cash and cash equivalents of 2,048,664.06 RMB, contrasting with a negative impact of -1,699,023.97 RMB in the previous year[29]

Financial Performance - The company's basic earnings per share for the first half of 2022 was -0.1045 yuan, a decrease of 126.68% compared to 0.3917 yuan in the same period last year[20] - The net profit and net profit excluding non-recurring gains and losses decreased by 126.76% and 179.27% year-on-year, respectively[21] - The diluted earnings per share for the first half of 2022 was -0.0976 yuan, down 124.94% from 0.3913 yuan in the same period last year[20] - The company's operating revenue for the first half of the year was ¥742.23 million, a decrease of 7.86% compared to ¥805.55 million in the same period last year[22] - The net profit attributable to shareholders was a loss of ¥20.97 million, down 126.76% from a profit of ¥78.36 million in the previous year[22] - The net cash flow from operating activities was negative at ¥81.14 million, a decline of 171.58% compared to ¥113.36 million in the same period last year[22] - The total assets increased by 22.94% to ¥4.29 billion from ¥3.49 billion at the end of the previous year[22] - The net assets attributable to shareholders decreased by 1.83% to ¥1.80 billion from ¥1.83 billion at the end of the previous year[22] Revenue and Growth - The company's revenue from new energy vehicle components increased by 42.42% year-on-year, despite an overall revenue decline of 7.86% due to the impact of the pandemic and strategic contraction in the home appliance business[20] - In the first half of 2022, the company achieved revenue of 742 million yuan, a decrease of 7.86% year-on-year, and a net profit attributable to shareholders of -20.97 million yuan, a decline of 126.76%[37] - The company is focused on capturing opportunities in the new energy vehicle parts business through increased production capacity and ongoing project development[21] - The company is focusing on the rapid development of electric vehicle components, with significant growth in new energy vehicle parts business expected to drive future sales[31] Research and Development - Research and development expenses increased significantly to support the production of new projects and expand capacity, contributing to higher fixed costs[21] - R&D investment in the first half of 2022 reached 84.05 million yuan, a substantial increase of 34.82% year-on-year, emphasizing the company's commitment to large-scale die-casting technology[39] - The company has made breakthroughs in battery tray die-casting technology, transitioning from traditional stamping and welding processes to integrated die-casting, which is expected to reduce costs and streamline production[37] - The company is actively involved in the development of components for new energy vehicles, including motor housings and battery components[29] Operational Challenges - The net cash flow from operating activities saw a significant decline, primarily due to a sharp drop in operating profit and increased working capital requirements[21] - The company faced rising raw material prices and increased management costs for subsidiaries under construction, further impacting profitability[21] - Operating costs increased by 4.84% to ¥649.93 million, primarily due to rising raw material prices and increased fixed costs[46] - The automotive industry faced challenges in the first half of 2022, including chip shortages and rising raw material prices, but production and sales of passenger vehicles still grew by 6.0% and 3.4% respectively[27] Environmental Compliance - The highest emission concentration of nitrogen oxides was reported at 32 mg/m³, well below the standard of 180 mg/m³[86] - The company paid a total of 16,403.07 yuan in environmental protection tax in the first half of 2022[91] - The company achieved a "green enterprise" rating in the environmental credit evaluation, indicating compliance and trustworthiness[91] - The company has implemented measures to control noise pollution, ensuring compliance with the industrial noise emission standards[89] Strategic Initiatives - The company is constructing a new production base in Hungary with a total investment of €120 million, expected to commence operations in the first half of next year[41] - The Anhui Ma'anshan production base is the largest capacity planning area, with a total investment of ¥2.05 billion, and a 4400T die-casting machine already in operation[40] - The company has established R&D centers and production bases in Jiangsu, Liaoning, and is expanding into Anhui, Hungary, and Tianjin[29] - The company plans to enhance its strategic layout by leveraging capital platforms, including a non-public stock issuance approved by the China Securities Regulatory Commission[42] Shareholder and Governance - The company held three shareholder meetings in the reporting period, including one annual meeting and two temporary meetings, all in compliance with legal regulations[76] - The company appointed new executives, including Zhang Ding as General Manager and Li Jiang and Liu Zhiwen as Deputy General Managers, effective from March 7, 2022[77] - The company’s financial director, Liu Zhiwen, resigned on June 22, 2022, and Yang Wenyuan was appointed as the new financial director[80] - The company did not propose any profit distribution or capital reserve transfer plans for the half-year period[81] Financial Position - The company's total assets decreased by 15.35% to ¥262.21 million, with cash and cash equivalents representing 6.11% of total assets[48] - The company has a total asset of 4.291 billion yuan and a debt-to-asset ratio of 58.05%[159] - The company’s long-term credit rating is AA- with a stable outlook, as assessed by 中诚信国际信用评级有限责任公司[159] - The cumulative number of shares converted from the convertible bonds is 14,332, which represents 0.0071% of the total shares before conversion[156]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 407,293,544.85, representing a decrease of 3.72% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2022 was CNY 17,697,198.40, down 62.54% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -7,457,085.14, a decline of 117.28% compared to the previous year[5] - The basic earnings per share for Q1 2022 was CNY 0.0884, a decrease of 62.57% year-on-year[6] - The diluted earnings per share for Q1 2022 was CNY 0.1078, down 54.30% compared to the same period last year[6] - Total operating revenue for Q1 2022 was CNY 407.29 million, a decrease of 3.3% from CNY 423.01 million in Q1 2021[19] - Net profit for Q1 2022 was CNY 17.70 million, down 62.6% from CNY 47.25 million in Q1 2021[20] - The company reported a comprehensive income total of CNY 17.56 million for Q1 2022, down from CNY 46.18 million in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2022 was CNY 80,354,466.61, an increase of 3,499.79% year-on-year[6] - Cash inflow from operating activities totaled CNY 477.04 million, an increase of 12.5% from CNY 423.78 million in Q1 2021[21] - The company experienced a net decrease in cash and cash equivalents of $167,840,201.80 during the quarter[22] - The ending balance of cash and cash equivalents was $141,890,900.49, down from $170,300,201.07 in the previous year[23] - Cash flow from operating activities showed a positive trend, indicating improved operational efficiency[22] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 3,695,276,022.42, an increase of 5.88% from the end of the previous year[6] - The total liabilities of the company increased, with current liabilities rising to RMB 1,000,000,000, reflecting a growing financial obligation[17] - Total liabilities increased to CNY 1.84 billion, compared to CNY 1.66 billion in the previous year, marking an increase of 11.3%[18] - Total equity attributable to shareholders reached CNY 1.85 billion, slightly up from CNY 1.83 billion in the previous year[18] Operational Challenges - The company attributed the decline in net profit to rising raw material and natural gas prices, increased R&D expenses, and lower-than-expected sales due to the pandemic[10] - Total operating costs increased to CNY 422.33 million, up 11.8% from CNY 377.65 million in the same period last year[19] - Research and development expenses rose to CNY 43.12 million, up 52.3% from CNY 28.33 million in the previous year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,282[13] Strategic Focus - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[15] - The financing activities reflect a strategic approach to managing debt and equity, with a focus on maintaining liquidity[22] - Overall, the financial results indicate a challenging quarter, but with signs of operational recovery and strategic investment[22]

Financial Performance - The company reported a total distributable profit of RMB 416,227,020.33 as of December 31, 2021, with a proposed cash dividend of RMB 0.74 per share, resulting in a total cash dividend distribution of RMB 14,905,181.16[6]. - The cash dividend payout ratio for the year 2021 was 12.23%[6]. - The company's total revenue for 2021 reached ¥1,614,885,555.25, representing a 16.53% increase compared to 2020[23]. - The net profit attributable to shareholders was ¥121,872,353.77, a slight increase of 0.76% from the previous year[23]. - The net profit after deducting non-recurring gains and losses decreased by 19.95% to ¥89,829,199.29[23]. - The total profit for 2021 was 127.49 million RMB, a decrease of 4.65% compared to the previous year, while the net profit attributable to shareholders increased by 0.76% to 121.87 million RMB[33]. - The company's total revenue for the reporting period reached RMB 1,614,885,555.25, representing a year-on-year increase of 16.53%[56]. - The company's net profit remained stable compared to the previous year, but the net profit attributable to shareholders, after deducting non-recurring gains and losses, declined[54]. Audit and Governance - The company has received a standard unqualified audit report from Deloitte Huayong Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has not reported any instances of more than half of the directors being unable to guarantee the authenticity of the annual report[9]. - The company has established a robust internal control system, revising various management regulations to ensure proper transaction approvals[112]. - The company has no instances of fund occupation by controlling shareholders or related parties, maintaining financial independence[112]. - The company emphasizes accurate and timely information disclosure, adhering to principles of fairness and transparency[112]. - The company has established a commitment to fulfill its information disclosure obligations in accordance with relevant laws and regulations[199]. Research and Development - The company invested 124.71 million RMB in R&D in 2021, accounting for 7.72% of its operating revenue, focusing on large die-casting technology[35]. - The company's research and development expenses rose by 51.06% to RMB 124,710,894.95, reflecting increased investment in new projects[56]. - The company has developed high-strength, high-thermal-conductivity aluminum alloy materials and various advanced manufacturing technologies to support future business growth[51]. - The company has a strong synchronous design and development capability, allowing it to participate in early-stage product development with clients[53]. Market and Product Development - The company plans to focus on traditional business upgrades, transmission systems, and new energy vehicles as growth points[100]. - The company is expanding its production bases in Nanjing, Ma'anshan, and Hungary to support its growth in electric motor and battery components[100]. - The company aims to enhance its competitive position by leveraging its technological advantages in manufacturing and design capabilities[48]. - The company is focusing on expanding its market presence and enhancing product offerings in the new energy vehicle sector[61]. - The company plans to expand its market share in automatic transmission products, aiming for exponential growth within the next three years[101]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with emissions including nitrogen oxides, sulfur dioxide, and particulate matter, all treated to meet national standards[163]. - The highest concentration of nitrogen oxides was reported at 36 mg/m3, well below the standard of 180 mg/m3, while sulfur dioxide was detected at 54 mg/m3 against a standard of 80 mg/m3[165]. - The company’s wastewater treatment system ensures that chemical oxygen demand and suspended solids are within regulatory limits, with chemical oxygen demand recorded at 126.7 mg/L against a standard of 500 mg/L[166]. - The company has achieved ISO 14001 environmental management system certification, ensuring compliance with environmental regulations[173]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[173]. Employee and Community Engagement - The company provides various employee benefits, including annual health check-ups and holiday bonuses, to promote employee welfare[178]. - Annual training programs are implemented to enhance employee skills and management capabilities, including technical and management training[146]. - The company engages in community support initiatives, including educational assistance programs for underprivileged students[180]. Shareholder and Financial Management - The company has a cash dividend policy that mandates at least 20% of the distributable profit to be distributed as cash dividends, with a minimum of 12.23% for the year 2021[150]. - The proposed cash dividend for 2021 is CNY 0.74 per share, amounting to a total of CNY 14,905,181.16 (including tax) based on a total share capital of 201,421,367 shares[150]. - The company aims to maintain a stable and continuous profit distribution policy, prioritizing cash dividends over stock dividends[148]. - The company has implemented a stock incentive plan, with specific details disclosed in temporary announcements[156]. - The company will ensure timely disclosure of information regarding any share reduction operations[187]. Strategic Acquisitions and Investments - The company completed a strategic acquisition of a competitor for $300 million, enhancing its product portfolio[120]. - The company plans to issue convertible bonds and has committed to not reducing its holdings in the company's stock for six months following the issuance[200]. - The company has identified potential acquisition targets to enhance its technology portfolio, with an estimated investment of $H million[193]. Risk Management - The company has detailed potential risks in the report, which investors are advised to review[9]. - The company faced challenges due to rising raw material prices and international shipping costs, impacting profitability despite revenue growth[25]. - The company expects to complete the construction of its Anhui Ma'anshan production base by the end of 2022, facilitating capacity expansion[102].