| 证券代码：603997 | 证券简称：继峰股份 公告编号：2023-008 | | --- | --- | | 转债代码：110801 | 转债简称：继峰定 01 | 宁波继峰汽车零部件股份有限公司 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法律责任。 重要内容提示： 会议召开时间：2023 年 04 月 07 日（星期五）上午 09:00-10:00 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 30 日（星期四）至 04 月 06 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过宁波继峰汽车零部 件股份有限公司（以下简称"公司"）邮箱 ir@nb-jf.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。 公司将于 2023 年 3 月 31 日发布公司 20 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥4,602,178,895.56, representing a year-on-year increase of 21.71%[7] - The net profit attributable to shareholders of the listed company for Q3 2022 was ¥91,249,050.90, a significant recovery from a loss of ¥77,029,304.73 in the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥88,026,757.08, also a recovery from a loss of ¥87,945,846.84 year-on-year[7] - Basic earnings per share for Q3 2022 were ¥0.08, a recovery from a loss of ¥0.07 in the same period last year[8] - The total profit for Q3 2022 was 31,758,168.37, down from 232,736,469.72 in the same period last year[26] - The operating profit for Q3 2022 was 29,521,148.39, compared to 191,903,463.75 in Q3 2021, indicating a decline[26] - The total comprehensive income for Q3 2022 was 116,531,340.96, up from 50,262,343.86 in Q3 2021[27] - The basic and diluted earnings per share for Q3 2022 were both -0.07, compared to 0.16 in Q3 2021[27] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥276,631,876.97, showing a substantial increase of 520.82% compared to the same period last year[8] - The company's cash and cash equivalents as of September 30, 2022, amount to ¥898,894,284.15, down from ¥1,405,755,730.63 at the end of 2021[17] - The cash flow from operating activities for the first three quarters of 2022 was 14,366,966,371.13, an increase from 13,584,630,888.16 in the same period of 2021[29] - The net cash flow from investing activities for Q3 2022 was -534,638,025.40, compared to -361,857,744.65 in Q3 2021[31] - The cash and cash equivalents at the end of Q3 2022 were 886,030,343.67, down from 995,101,028.34 at the end of Q3 2021[31] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥16,275,992,707.07, reflecting a slight increase of 0.41% from the end of the previous year[8] - The equity attributable to shareholders of the listed company was ¥4,669,695,166.96, up 0.54% from the end of the previous year[8] - Total liabilities increased to ¥11,223,817,588.10 from ¥11,210,619,754.01, showing a marginal rise[21] - The non-current liabilities decreased from ¥5,141,459,086.26 to ¥4,846,103,593.90, indicating a reduction of approximately 5.7%[21] - The company's deferred tax assets decreased from ¥391,582,395.48 to ¥306,976,248.48, reflecting a decline of approximately 21.5%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 23,322[13] - Ningbo Jihong Holding Group Co., Ltd. holds 291,591,597 shares, accounting for 26.11% of total shares[13] - WING SING INTERNATIONAL CO., LTD. holds 146,880,000 shares, representing 13.15% of total shares[13] Operational Challenges and Developments - The company indicated that the recovery in business volume was due to the gradual easing of pandemic impacts, leading to improved profitability in Q3 2022[11] - The company faced challenges in 2022 due to international instability, chip shortages, and rising raw material prices, which affected overall performance despite recovery in Q3[11] - The company has no significant new product launches or technological developments reported in this quarter[16] - There are no significant mergers or acquisitions mentioned in the report[16] Revenue and Costs - Total operating revenue for the first three quarters of 2022 reached ¥13,034,744,980.95, an increase from ¥12,505,485,445.93 in the same period of 2021, representing a growth of approximately 4.2%[25] - Total operating costs for the first three quarters of 2022 were ¥13,120,883,516.38, compared to ¥12,345,665,229.03 in 2021, indicating an increase of about 6.3%[25] - Research and development expenses for the first three quarters of 2022 amounted to ¥290,375,071.10, up from ¥241,800,183.27 in the previous year, reflecting a growth of approximately 20%[25] - The company reported a net investment income of ¥2,237,298.80 for the first three quarters of 2022, compared to a loss of ¥28,162,000.60 in the same period of 2021[25] Inventory and Receivables - Accounts receivable increased to ¥2,779,811,166.24 from ¥2,309,923,988.74 year-over-year[17] - Inventory as of September 30, 2022, is ¥1,863,729,567.48, compared to ¥1,729,912,622.78 at the end of 2021[17] - Total current assets increased to ¥6,683,910,221.34 from ¥6,515,143,953.85 year-over-year[17] - Long-term receivables decreased to ¥35,806,114.37 from ¥43,000,562.84 year-over-year[17] Asset Impairment - The company incurred an asset impairment loss of -11,526,456.57 in Q3 2022, compared to -3,170,920.78 in Q3 2021[26]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥8,432,566,085.39, a decrease of 3.34% compared to ¥8,724,195,467.36 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥168,278,355.63, compared to a profit of ¥188,834,681.50 in the previous year, indicating a significant decline[18]. - The net cash flow from operating activities was ¥114,300,443.78, recovering from a negative cash flow of -¥124,790,927.28 in the same period last year[18]. - Basic and diluted earnings per share were both CNY -0.15, a significant decline from CNY 0.18 in the same period last year[20]. - The weighted average return on equity dropped to -3.64%, down from 4.35% year-on-year[20]. - The company reported a net loss of CNY 181,343,045.08 for the first half of 2022, compared to a net profit of CNY 207,031,437.70 in the same period of 2021[171]. - The total comprehensive income for the period was 8,340,303.25 RMB, down from 98,472,960.67 RMB in the same period last year, reflecting a significant decline[172]. Assets and Liabilities - The net assets attributable to shareholders of the listed company at the end of the reporting period were ¥4,598,986,847.72, a decrease of 0.99% from ¥4,644,817,545.49 at the end of the previous year[18]. - Total assets decreased by 2.58% to CNY 15,791,105,524.83 compared to the previous year[20]. - The company's total liabilities at the end of the reporting period were approximately ¥4,663,537,263.72[197]. - The company's total assets at the end of the reporting period were approximately ¥5,008,125,984.32[197]. - The company's total equity at the end of the reporting period was approximately ¥5,438,386,851.62[198]. Research and Development - The company has applied for and authorized a total of 6 patents in the passenger car seat business and 20 patents in the commercial vehicle cockpit business as of June 30, 2022, indicating strong R&D activity[52]. - The company has invested in advanced research and development capabilities, with a focus on innovative materials and technologies for both passenger and commercial vehicles[39]. - Research and development expenses for the first half of 2022 were CNY 172,898,246.48, an increase from CNY 160,623,694.98 in the previous year[171]. - The company reported a significant increase in cash inflow from sales of goods and services, reaching ¥9,339,201,604.51, compared to ¥9,169,672,772.55 in the previous year, marking an increase of about 1.85%[179]. Market Position and Strategy - The company is a leader in the commercial vehicle seat system industry, providing solutions for trucks, agricultural machinery, and public transport[27]. - The company has formed partnerships with major automotive manufacturers, including Audi, BMW, and Tesla, ensuring a strong customer base[25]. - The company is actively upgrading and expanding in-cabin functions to enhance comfort, aligning with trends in electrification and automation in the automotive industry[24]. - The company aims to strengthen its position as a leader in automotive cockpit systems, focusing on passenger car seats and expanding its product offerings[57]. - The company plans to focus on market expansion and new product development as part of its future strategy[176]. Environmental and Compliance - The company has installed online power monitoring systems for pollution control facilities to ensure their proper operation[101]. - The company has received environmental impact assessment approvals for new projects from the local environmental protection bureau[101]. - The company has implemented measures to collect and treat VOCs generated during production, ensuring compliance with national environmental standards[101]. - The company has established an emergency response plan for environmental incidents, which has been filed with the Ningbo Beilun District Environmental Supervision Team[102]. Shareholder and Governance - The company has repurchased a total of 5.7 million shares, representing 0.51% of the total share capital, with a total expenditure of approximately RMB 52.69 million, following an increase in the maximum repurchase price to RMB 15 per share[89]. - The company has experienced changes in its board of directors, with new appointments for the roles of board secretary and financial director[95]. - The largest shareholder, Ningbo Jihong Holding Group Co., Ltd., held 291,591,597 shares, representing 26.11% of the total shares[137]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[116]. Operational Efficiency - The company has implemented lean production methods to improve operational efficiency and reduce costs, particularly following the acquisition of Grammer[46]. - The production model for mature products follows a "sales-driven production" approach, with annual procurement plans submitted by long-term clients[37]. - The company has established long-term cooperative relationships with major raw material suppliers, which enhances bargaining power and reduces stockout risks[33]. Risks and Challenges - The company faces risks from macroeconomic cycles, which significantly impact the automotive industry and, consequently, the company's performance[78]. - The company is exposed to exchange rate risks due to its significant overseas revenue following the acquisition of Grammer[84]. - The company faces operational risks due to the ongoing impact of the COVID-19 pandemic, which has affected the automotive industry's recovery and stability[87].

Financial Performance - The company's operating revenue for Q1 2022 was ¥4,203,846,520.73, representing a decrease of 7.25% compared to the same period last year [6] - The net profit attributable to shareholders of the listed company was -¥37,639,405.82, indicating a significant loss [6] - The diluted earnings per share for the period was -¥0.03, reflecting the impact of chip shortages and rising raw material prices [12] - The weighted average return on net assets was -0.81%, primarily due to the same adverse factors affecting profitability [8] - The company reported a comprehensive income total of CNY -13,024,371.57 for Q1 2022, contrasting with CNY 43,978,243.16 in Q1 2021 [28] - Basic earnings per share for Q1 2022 was CNY -0.03, down from CNY 0.13 in Q1 2021, reflecting the adverse financial performance [28] - Net profit attributable to shareholders of the parent company for Q1 2022 was CNY -37,639,405.82, compared to CNY 128,031,397.01 in Q1 2021, indicating a significant decline [27] Cash Flow and Liquidity - The net cash flow from operating activities was ¥175,310,752.42, with no applicable year-on-year comparison [6] - The net cash flow from operating activities was $175,310,752.42, a significant improvement compared to a net outflow of $25,837,429.65 in the previous period, indicating a positive operational performance [32] - Total cash inflow from investment activities amounted to $210,551,709.81, a substantial increase from $21,076,236.44 in the prior period, reflecting enhanced investment recovery efforts [32] - The net cash flow from investment activities was -$290,515,354.93, slightly improved from -$358,634,169.84, showing ongoing investment in growth despite cash outflows [32] - Cash inflow from financing activities totaled $483,031,392.52, down from $677,993,150.48, indicating a reduction in financing activities during the period [32] - The net cash flow from financing activities was -$36,781,991.82, contrasting with a positive net inflow of $154,263,394.47 in the previous period, suggesting tighter financing conditions [33] - The ending balance of cash and cash equivalents was $1,237,252,172.52, down from $1,416,315,531.85, reflecting a decrease in liquidity [33] Assets and Liabilities - The total assets at the end of the reporting period were ¥16,290,018,615.58, showing a slight increase of 0.50% from the end of the previous year [8] - Current assets totaled ¥6,799,783,791.79, up from ¥6,515,143,953.85 in the previous year, indicating a growth of approximately 4.37% [21] - Total liabilities reached ¥11,303,321,604.30, up from ¥11,210,619,754.01, indicating a rise of approximately 0.83% [23] - Short-term borrowings increased to ¥1,756,523,096.09 from ¥1,638,487,947.89, reflecting a growth of about 7.2% [23] - The company reported a decrease in long-term borrowings to ¥2,618,463,456.81 from ¥2,630,503,752.41, a decline of approximately 0.57% [23] - The company's total liabilities and equity amounted to CNY 16,290,018,615.58 as of the end of Q1 2022, compared to CNY 16,209,142,705.15 at the end of Q1 2021 [24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,377, with the largest shareholder holding 26.06% of the shares [13] - The company’s total equity attributable to shareholders of the parent company decreased to CNY 4,626,881,347.39 from CNY 4,644,817,545.49 in the previous year [24] Operational Challenges - The company faced challenges due to chip shortages and rising raw material prices, compounded by the impact of a new wave of COVID-19 [12] - The company reported non-operating income and expenses totaling -¥186,984.49, influenced by various non-recurring factors [9] Investment and R&D - Research and development expenses for Q1 2022 were CNY 76,761,878.60, a decrease from CNY 81,014,409.96 in Q1 2021, indicating a potential shift in investment strategy [27] - Cash outflow for investment activities was $501,067,064.74, compared to $379,710,406.28, showing increased capital expenditures for growth initiatives [32] - The company has not disclosed any new product developments or market expansion strategies in the provided reports [18]

Financial Performance - In 2021, the company achieved operating revenue of approximately ¥16.83 billion, a year-on-year increase of 6.99% compared to ¥15.73 billion in 2020[22]. - The net profit attributable to shareholders was approximately ¥126.37 million, a significant recovery from a loss of ¥258.23 million in 2020[22]. - The net cash flow from operating activities was approximately ¥718.91 million, a decrease of 11.24% from ¥809.93 million in 2020[22]. - The company's total assets decreased by 6.45% to approximately ¥16.21 billion from ¥17.33 billion in 2020[22]. - The basic earnings per share improved to ¥0.12 from a loss of ¥0.26 in 2020[22]. - The company reported a weighted average return on equity of 2.87%, an increase of 8.75 percentage points compared to -5.88% in 2020[22]. - The gross profit margin improved by 0.58 percentage points to 14.14% in 2021, despite high raw material prices and chip shortages[33]. - The company's main business revenue increased by 7.31%, while the main business cost rose by 6.45%, driven by a recovery in operations and increased order volume[81]. - The total revenue for the automotive parts segment was approximately ¥14.40 billion, representing a year-over-year increase of 6.45%[91]. Dividends and Shareholder Returns - The company distributed a cash dividend of 0.18 CNY per share in the first half of 2021, totaling 196,886,405.16 CNY, which accounted for 155.80% of the net profit attributable to shareholders for the year[5]. - The company will not distribute cash dividends, issue bonus shares, or increase capital from reserves for the year 2021[5]. - The cash dividend distribution plan for the first half of 2021 is set at 0.18 CNY per share, totaling 196,886,405.16 CNY based on 1,093,813,362 shares[199]. - The cash dividend distribution was implemented on September 13, 2021[200]. Audit and Compliance - The company received a standard unqualified audit report from Rongcheng Accounting Firm[4]. - The board of directors and supervisory board members confirmed the authenticity, accuracy, and completeness of the annual report[3]. - The company has no non-operating fund occupation by controlling shareholders or related parties[7]. - The company has no violations in decision-making procedures for providing guarantees[7]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors through designated platforms[161]. - The company has implemented an insider information management system to enhance confidentiality and protect investor rights[161]. Market and Industry Trends - In 2021, the global automotive market faced challenges such as chip shortages and rising raw material prices, impacting production[31]. - The automotive production in China saw a year-on-year increase of 3.4%, with sales rising by 3.8% in 2021[31]. - In 2021, the global automotive production was approximately 73.4 million units, with a reduction of about 10.2 million units due to chip shortages[46]. - The production and sales of new energy vehicles reached 3.545 million and 3.521 million units, respectively, representing a year-on-year growth of 160% and a market share of 13.4%[47]. - The automotive parts industry is shifting towards product integration and modularization to improve production efficiency and vehicle performance[125]. - The trend in the automotive parts industry is moving from low-end production to high-end and refined products, with domestic high-end products increasingly replacing imports[125]. Research and Development - The company has a robust R&D system, focusing on comfort, safety, and ergonomics, which helps maintain its international technological leadership in product development[56]. - Research and development expenses increased by 25.73% to 321 million RMB, reflecting the company's commitment to innovation[80]. - The company invested a total of ¥377.83 million in R&D, which is 2.24% of total operating revenue, with 14.94% of this investment being capitalized[95]. - The company has developed a sleep-style headrest, successfully applied in Volkswagen's Magotan model, showcasing its innovation in response to market demands[57]. - The company is focusing on enhancing its digital capabilities by establishing a digital benchmark factory, which will improve interconnectivity across the supply chain[146]. Strategic Initiatives and Partnerships - The company focused on enhancing management efficiency and reducing costs while strategically investing in emerging businesses for future growth[32]. - The company established a joint venture for commercial vehicle seat manufacturing with FAW Harbin, which commenced production in October 2021[36]. - The company launched a new product, the hidden electric air vent, which achieved mass production by the end of 2021 and is expected to become a new profit growth point[39]. - The company has established long-term partnerships with major automotive manufacturers, including Audi, BMW, and Tesla, providing leading products and comprehensive solutions[55]. - The company completed the acquisition of Grammer in 2019, enhancing its global production, sales, and R&D network, solidifying its leading position in niche markets[66]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, ensuring a balanced governance structure[160]. - The company has established four specialized committees under the board: Strategy Committee, Audit Committee, Compensation and Assessment Committee, and Nomination Committee[160]. - The company emphasizes investor relations management, providing multiple channels for communication, including a dedicated investor email and hotline[161]. - The total pre-tax remuneration for the chairman is CNY 155.18 million, while the general manager received CNY 99.52 million, reflecting performance-based adjustments[167]. - The current management team includes experienced professionals with extensive backgrounds in various sectors, enhancing the company's operational capabilities[171]. Challenges and Risks - The company faces risks from macroeconomic fluctuations, as its products are closely tied to the automotive industry's performance[147]. - The company is addressing potential raw material price volatility, which constitutes approximately 70% of production costs[149]. - The ongoing COVID-19 pandemic poses risks to the automotive industry's recovery and stability[156]. - The integration of Grammer post-acquisition presents challenges due to differences in operational management systems[154].

1 证券简称：继峰股份 转债简称：继峰定01 证券代码：603997 公告编号：2021-083 转债代码：110802 转债简称：继峰定 02 转债代码：110801 宁波继峰汽车零部件股份有限公司 关于参加宁波辖区 2021 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。 为进一步加强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，宁波继峰汽车零部件 股份有限公司（以下简称"公司"）将参加在宁波证监局指导下，由宁波上市公 司协会联合深圳市全景网络有限公司共同举办的"心系投资者 携手共行动"— —宁波辖区 2021 年度投资者网上集体接待日活动。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台采取网络远程的方式举行，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net）参与本次投资者网上集体接待日活动，活动时间为 2021 年 11 月 18 日（星期四 ...

Revenue and Profit Performance - Revenue for Q3 2021 was RMB 3,781,289,978.57, a decrease of 12.53% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2021 was RMB -27,337,288.41, a decrease of 143.68% year-on-year[5] - From the beginning of the year to the end of Q3, net profit attributable to shareholders increased by RMB 455 million compared to the same period last year, driven by reduced pandemic impact and improved business performance[10] - Total operating revenue for the first three quarters of 2021 reached 12,505,485,445.93 RMB, a 13.7% increase compared to 10,994,468,539.64 RMB in the same period of 2020[23] - Net profit for the first three quarters of 2021 was 176,378,817.85 RMB, a significant improvement from a net loss of -359,505,859.41 RMB in the same period of 2020[24] - Basic earnings per share (EPS) for the first three quarters of 2021 was 0.16 RMB, compared to a loss of -0.29 RMB per share in the same period of 2020[24] - Total comprehensive income for the first three quarters of 2021 was 50,262,343.86 RMB, a significant improvement from a loss of -437,233,182.49 RMB in the same period of 2020[24] Assets and Liabilities - Total assets as of the end of Q3 2021 were RMB 16,702,892,662.14, a decrease of 3.60% compared to the end of the previous year[7] - Equity attributable to shareholders increased by 9.03% to RMB 4,654,841,117.51 compared to the end of the previous year[7] - Total assets decreased to RMB 16,702,892,662.14 as of September 30, 2021, compared to RMB 17,325,822,304.80 at the end of 2020[18][20] - Current assets totaled RMB 6,587,126,264.60, a slight decrease from RMB 6,699,536,115.73 at the end of 2020[18] - Accounts receivable increased to RMB 2,445,690,366.40, up from RMB 2,337,989,996.85 at the end of 2020[18] - Inventory rose to RMB 1,903,091,675.04, compared to RMB 1,503,682,023.65 at the end of 2020[18] - Fixed assets decreased to RMB 3,498,885,441.18 from RMB 3,810,627,492.14 at the end of 2020[18] - Total liabilities stood at RMB 6,679,228,830.38 for current liabilities and RMB 2,746,942,287.74 for non-current liabilities[20] - Short-term borrowings increased to RMB 2,567,790,515.94 from RMB 2,476,094,106.13 at the end of 2020[20] - Accounts payable decreased to RMB 2,227,889,778.85 from RMB 2,381,359,987.67 at the end of 2020[20] - Long-term borrowings increased slightly to RMB 2,170,189,776.52 from RMB 2,137,758,760.50 at the end of 2020[20] - Total liabilities as of Q3 2021 stood at 11,684,364,620.19 RMB, a decrease from 12,758,709,084.13 RMB in the previous period[21] - The company's total equity (shareholders' equity) increased to 5,018,528,041.95 RMB in Q3 2021, up from 4,567,113,220.67 RMB in the previous period[21] - The company's long-term payables to employees decreased to 1,182,910,048.34 RMB in Q3 2021, down from 1,319,757,611.39 RMB in the previous period[21] - Deferred tax liabilities decreased to 598,008,212.34 RMB in Q3 2021, down from 744,200,899.86 RMB in the previous period[21] Earnings Per Share and Return on Equity - Basic earnings per share for Q3 2021 was RMB -0.03, a decrease of 143.79% year-on-year[7] - Diluted earnings per share for Q3 2021 was RMB -0.03, a decrease of 161.54% year-on-year[7] - Weighted average return on equity for Q3 2021 decreased by 2.09 percentage points to -0.61%[7] Cash Flow and Monetary Funds - The company's monetary funds decreased to RMB 1,029,683,095.87 from RMB 1,503,357,394.77 at the end of 2020[18] - Sales of goods and services received cash of RMB 13,534,889,610.16 in the first three quarters of 2021, a 12.7% increase compared to RMB 12,009,615,416.65 in the same period of 2020[27] - Net cash flow from operating activities was RMB 44,558,938.97 in the first three quarters of 2021, a significant improvement from a negative RMB 60,600,953.03 in the same period of 2020[27] - Cash paid for goods and services was RMB 9,417,628,488.00 in the first three quarters of 2021, a 10% increase compared to RMB 8,560,748,439.74 in the same period of 2020[27] - Cash paid to employees increased by 16.2% to RMB 3,360,862,260.80 in the first three quarters of 2021 from RMB 2,892,360,066.72 in the same period of 2020[27] - Net cash flow from investing activities improved to negative RMB 361,857,744.65 in the first three quarters of 2021 from negative RMB 742,855,859.65 in the same period of 2020[29] - Cash received from investments was RMB 22,272,375.69 in the first three quarters of 2021, a 171.4% increase compared to RMB 8,203,342.12 in the same period of 2020[27] - Cash received from financing activities was RMB 1,639,316,307.35 in the first three quarters of 2021, an 8.7% increase compared to RMB 1,508,128,509.62 in the same period of 2020[29] - Net cash flow from financing activities improved to negative RMB 34,279,447.38 in the first three quarters of 2021 from negative RMB 100,612,673.69 in the same period of 2020[29] - The company's cash and cash equivalents balance at the end of the third quarter of 2021 was RMB 995,101,028.34, a decrease of 29.7% compared to RMB 1,416,315,531.85 at the beginning of the year[29] - The company's cash and cash equivalents balance at the end of the third quarter of 2021 was 10.5% lower than the same period in 2020 (RMB 1,111,757,272.24)[29] Expenses and Subsidies - The decrease in net profit was mainly due to the impact of chip shortages and rising raw material prices, resulting in a profit decline of RMB 90 million compared to the same period last year[10] - R&D expenses increased to 241,800,183.27 RMB in the first three quarters of 2021, up 24.8% from 193,751,840.09 RMB in the same period of 2020[23] - Interest expenses increased to 206,876,323.14 RMB in the first three quarters of 2021, up 7.5% from 192,503,568.19 RMB in the same period of 2020[23] - Government subsidies received during the reporting period amounted to RMB 4,467,428.18[8]

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.80 CNY per 10 shares to all shareholders based on the total share capital as of the dividend distribution date[5]. - The company plans to distribute a cash dividend of 1.80 yuan per 10 shares (including tax) for the first half of 2021[89]. Financial Performance - The company's operating revenue for the first half of 2021 was ¥8,724,195,467.36, representing a 30.77% increase compared to ¥6,671,327,464.58 in the same period last year[21]. - The net profit attributable to shareholders was ¥188,834,681.50, a significant recovery from a loss of ¥356,519,728.43 in the previous year[21]. - The basic earnings per share increased to ¥0.18 from a loss of ¥0.35 in the same period last year[21]. - The weighted average return on equity rose to 4.35%, an increase of 12.68 percentage points compared to -8.33% in the previous year[21]. - The company reported a net cash flow from operating activities of -¥124,790,927.28, an improvement of 67.11% from -¥379,403,784.32 in the previous year[21]. - In the first half of 2021, the company achieved operating revenue of 8.724 billion yuan, a year-on-year increase of 30.77%, but a decrease of approximately 4.12% compared to the first half of 2019[54]. - The net profit attributable to the parent company was 189 million yuan, recovering from a loss of 357 million yuan in the first half of 2020, and an increase of 22.64% compared to 154 million yuan in the first half of 2019[54]. - The company's gross profit margin improved by 6.60 percentage points to 16.15% in the first half of 2021, maintaining the same level as in the first half of 2019[56]. - The revenue of the Grammer China division reached approximately 197 million euros, a year-on-year increase of 41.97% and a 35.60% increase compared to 2019[56]. - The company reported a net profit of ¥78.82 million for the first half of 2021, compared to ¥84.07 million in the same period of 2020, showing a decrease of approximately 6.5%[169]. Research and Development - The company has a comprehensive R&D system focused on comfort, safety, and ergonomics, maintaining an international leading position in technology development[35]. - Research and development expenses rose to ¥160,623,694.98, a 29.16% increase from ¥124,360,435.57, reflecting a recovery in R&D activities post-pandemic[60]. - The company is focused on expanding its market presence and enhancing its product offerings through research and development initiatives[81]. - The company emphasizes the importance of technological innovation to meet changing consumer demands and maintain competitive advantages in the automotive parts market[81]. Market Position and Strategy - The company has established relationships with major global automotive manufacturers, including Audi, BMW, and Tesla, providing high-quality products and solutions[33]. - The company is actively upgrading and expanding in-cabin functions to enhance comfort, aligning with the rapid development of electrification and intelligence in the automotive industry[28]. - The company is advancing new business layouts, including the commercial vehicle cockpit project and plans to enter the passenger vehicle seat sector, leveraging new technologies and talent acquired from the Grammer acquisition[57][58]. - The company has a high self-manufacturing rate and relatively low production costs, supported by advanced manufacturing processes and cost management systems[48]. - The company is a technical leader in the commercial vehicle seat system industry, focusing on innovative R&D in intelligent and autonomous vehicle solutions[45]. Financial Health and Assets - The company's total assets reached ¥16,892,000,000, with overseas assets accounting for 73.64% of total assets, amounting to ¥12,441,492,014.71[65][66]. - The company's total assets amounted to ¥16,936,142,929.72, with total liabilities of ¥11,928,016,945.40, resulting in a debt-to-asset ratio of 70.43%[156]. - The company's current assets totaled ¥6,791,187,052.78 as of June 30, 2021, compared to ¥6,699,536,115.73 at the end of 2020, reflecting a slight increase[154]. - The company's equity attributable to shareholders increased to ¥4,663,537,263.72 as of June 30, 2021, compared to ¥4,269,446,036.56 at the end of 2020[157]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, as its products are heavily reliant on the automotive industry, which is sensitive to economic cycles[79]. - Direct material costs account for approximately 70% of production costs, making the company vulnerable to fluctuations in raw material prices[80]. - The company faces market competition risks, particularly in pricing and product quality, which could impact sales if competitors have more capital resources[82]. - Integration risks exist from the 2019 acquisition of Grammer, as differences in operational management may hinder synergy realization[82]. - The company is actively working to mitigate the impact of declining product prices through cost reduction and operational efficiency improvements[80]. Environmental Responsibility - The company has passed the environmental acceptance inspection by the Ningbo Beilun District Environmental Protection Bureau, ensuring compliance with national environmental standards[94]. - The company conducts annual monitoring of wastewater, waste gas, and noise levels, all of which meet national standards, and has obtained a new pollutant discharge permit[95]. - The company has been recognized as a "Green Factory" in Ningbo, highlighting its commitment to environmental protection and pollution reduction through process improvements and material recycling[97]. - The company has implemented measures to reduce waste generation and enhance environmental awareness among employees through training and promotional activities[97]. Corporate Governance - The board of directors confirms that all members attended the meeting and the report is accurate and complete[4]. - The company has not violated decision-making procedures for external guarantees[7]. - The report indicates that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not disclosed any significant changes in its registered address or office address during the reporting period[17]. - The company has not issued new shares or conducted capital reserve transfers in its profit distribution plan[89]. - The company has no major litigation or arbitration matters during the reporting period[109]. - The company did not have any non-operating fund occupation by controlling shareholders or related parties[108]. - There were no significant related party transactions during the reporting period[111]. Share Capital and Ownership - The total number of shareholders as of the end of the reporting period was 15,760[127]. - The largest shareholder, Ningbo Jihong Holding Group Co., Ltd., held 308,682,897 shares, representing 28.93% of the total shares[130]. - The second-largest shareholder, Dongzheng Rongtong Investment Management Co., Ltd., held 227,404,479 shares, accounting for 21.32%[130]. - The company reported a decrease of 2,369,025 shares in restricted shares, resulting in a total of 238,305,954 restricted shares, which is 22.34% of the total shares[121]. - The total number of shares after the changes is 1,066,819,775[121].

Financial Performance - Operating revenue for the period was approximately ¥4.53 billion, an increase of 14.49% year-on-year[12]. - Net profit attributable to shareholders was approximately ¥128 million, a significant recovery from a loss of approximately ¥48 million in the same period last year[12]. - Basic earnings per share were ¥0.13, compared to a loss of ¥0.05 per share in the same period last year[12]. - The company reported non-recurring gains of approximately ¥4.06 million during the period[14]. - The total operating costs for Q1 2021 were ¥4,362,517,208.18, slightly lower than ¥3,965,960,960.08 in Q1 2020[44]. - Operating profit for Q1 2021 was ¥175,792,064.51, a significant recovery from a loss of ¥91,898,894.86 in Q1 2020[44]. - Net profit for Q1 2021 amounted to ¥139,783,068.34, compared to a net loss of ¥61,171,469.95 in Q1 2020[46]. - The company reported a basic earnings per share of ¥0.13 for Q1 2021, compared to a loss of ¥0.05 per share in Q1 2020[46]. Cash Flow - Net cash flow from operating activities was negative at approximately ¥25.84 million, an improvement of 81.53% compared to the previous year[12]. - Cash flow from operating activities showed a net outflow of ¥25,837,429.65, an improvement from a net outflow of ¥139,866,050.97 in Q1 2020[54]. - Total cash inflow from operating activities was ¥566,701,502.52, up 16.1% from ¥487,981,430.78 in the previous year[58]. - Cash outflow from operating activities increased to ¥552,108,270.28, compared to ¥339,860,816.80 in Q1 2020, reflecting a rise of 62.4%[58]. - The net cash flow from investing activities was -¥273,884,718.66, slightly improved from -¥297,574,626.68 in Q1 2020[58]. - Cash inflow from financing activities reached ¥399,930,732.46, a substantial increase from ¥26,209,500.00 in the same quarter last year[59]. - The net cash flow from financing activities was ¥230,064,001.12, compared to ¥20,357,829.85 in Q1 2020, indicating a growth of 1,030.5%[59]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥17.25 billion, a decrease of 0.45% compared to the end of the previous year[12]. - The company’s net assets attributable to shareholders decreased by 0.50% to approximately ¥4.25 billion compared to the end of the previous year[12]. - Non-current assets totaled CNY 10,166,717,532.45, a decrease of 4.34% from CNY 10,626,286,189.07[35]. - Total liabilities amounted to CNY 12,660,451,910.35, a slight decrease of 0.77% from CNY 12,758,709,084.13[36]. - Current liabilities increased to CNY 7,054,073,338.63, up 2.27% from CNY 6,897,575,258.03[35]. - Short-term borrowings rose to CNY 2,650,380,383.15, an increase of 7.02% compared to CNY 2,476,094,106.13[35]. - Long-term borrowings decreased to CNY 2,004,575,248.85, down 6.25% from CNY 2,137,758,760.50[36]. Shareholder Information - The company had a total of 15,949 shareholders at the end of the reporting period[16]. - The largest shareholder, Ningbo Jihong Holding Group Co., Ltd., held 30.80% of the shares, with 314,506,497 shares pledged[16]. Other Financial Metrics - The weighted average return on equity increased by 4.05 percentage points to 2.99%[12]. - Other comprehensive income decreased to -¥225,511,567.92, reflecting an 84.97% decline from -¥121,919,382.66, primarily due to significant currency translation differences[24]. - Undistributed profits increased to ¥482,499,028.09, a 36.13% rise from ¥354,442,722.68, as business volume rebounded post-pandemic[24]. - Research and development expenses increased to ¥81,014,409.96, up from ¥66,729,103.08 in the same period last year, reflecting a focus on innovation[44]. - Credit impairment losses were reported at ¥1,563,039.94, a significant change from -¥704,326.90, reflecting improved collection conditions post-pandemic[24].

Financial Performance - The net profit attributable to shareholders for 2020 was -258,231,426.24 CNY, leading to no cash dividends or stock bonuses being proposed for the year[8]. - The company's operating revenue for 2020 was approximately ¥15.73 billion, a decrease of 12.60% compared to ¥18.00 billion in 2019[30]. - The net profit attributable to shareholders was a loss of approximately ¥258.23 million, representing a decline of 186.74% from a profit of ¥297.70 million in 2019[30]. - The net cash flow from operating activities decreased by 30.74% to approximately ¥809.93 million from ¥1.17 billion in 2019[30]. - The basic earnings per share for 2020 was -¥0.26, a decrease of 189.66% compared to ¥0.29 in 2019[31]. - The company reported a significant reduction in net assets attributable to shareholders, down 5.66% to approximately ¥4.27 billion from ¥4.53 billion in 2019[30]. - The total assets at the end of 2020 were approximately ¥17.33 billion, a decrease of 1.36% from ¥17.57 billion in 2019[30]. - The weighted average return on net assets was -5.88% in 2020, a decrease of 14.17 percentage points from 8.29% in 2019[31]. - The company reported a total of ¥73.37 million in non-recurring losses for 2020, compared to a gain of ¥41.27 million in 2019[39]. - In the first half of 2020, the company's revenue significantly declined to 6.671 billion yuan, a year-on-year decrease of 26.7%, and the net profit attributable to shareholders was -357 million yuan, a decline of 331.5%[71]. - In the second half of 2020, the company achieved a revenue of 9.061 billion yuan, a year-on-year increase of 1.8%, and a net profit of 98.29 million yuan despite facing challenges from the pandemic[72]. - The gross margin for Grammer in the second half of 2020 was 14.0%, an increase of 1.7 percentage points compared to the same period last year, while the company's consolidated gross margin was 16.5%, up 1.6 percentage points year-on-year[73]. - The company reported a significant increase in financial expenses by 50.57%, primarily due to increased interest on convertible bonds and foreign exchange losses[103]. Operational Challenges - The company faced operational challenges due to the COVID-19 pandemic, leading to a restructuring of its German subsidiary and layoffs of non-production staff[33]. - The company recognized substantial impairment losses on inventory and accounts receivable due to the pandemic's impact on downstream customers[33]. - The company expects to face challenges in achieving profit targets due to the impact of COVID-19 on the automotive parts industry[111]. Business Strategy and Development - The company operates as a global automotive parts supplier, focusing on the development, production, and sales of automotive interior components and seating systems, with nearly 70 subsidiaries across 20 countries[44]. - The company has established long-term partnerships with major automotive manufacturers, including Audi, BMW, and Tesla, providing customized solutions and high-quality products[47]. - The company is actively expanding its product offerings in both passenger and commercial vehicle markets, including advanced seating systems for trucks and agricultural machinery[48]. - The company is strategically positioned to leverage the rapid development of electrification and automation in the automotive industry, preparing for future technological advancements[50]. - The company has developed a global marketing network with nearly 70 subsidiaries in 20 countries, enhancing its ability to respond to customer needs and reducing logistics costs[60]. - The company completed the acquisition of Grammer in 2019, strengthening its position as a leading supplier of automotive components for various global automakers[58]. - The company has established a comprehensive production chain with a high self-manufacturing rate, maintaining relatively low production costs within the industry[62]. - The company is focusing on R&D for new technologies and products to enhance the comfort and functionality of vehicle interiors[81]. - The company plans to focus resources on new product development, integrating advantages in technology, R&D, and production to secure project allocations from clients[147]. Research and Development - The company has a comprehensive R&D system, maintaining a leading position in technology through continuous innovation in comfort, safety, and ergonomics[49]. - The company has advanced testing capabilities, with multiple specialized laboratories recognized by major automotive manufacturers, reducing development costs and risks[64]. - Research and development expenses totaled ¥280.98 million, accounting for 1.79% of total revenue[104]. - The company has made significant investments in new technology and product development to enhance market competitiveness[111]. Customer Relations and Sales - The company emphasizes customer-centric sales activities, integrating project management and R&D into customer management[54]. - The company has a stable and high-quality customer base, which enhances its ability to develop new projects and improve product quality[63]. - The company organizes its sales activities based on market demand and customer needs, ensuring a tailored approach to different vehicle models[55]. - The company’s sales model is customer-oriented, focusing on long-term collaborations with automotive manufacturers during the development of new vehicle models[53]. Financial Management and Policies - The company has a cash dividend policy that mandates a minimum of 20% of distributable profits to be paid as cash dividends when conditions allow[161]. - The company has a differentiated cash dividend policy based on its development stage and major capital expenditure arrangements, with a minimum cash dividend ratio of 80% for mature companies without major expenditures[163]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[169]. - The company has committed to ensuring the independence of its assets and financial operations, avoiding any asset occupation by its subsidiaries[170][172]. - The company has established a framework to prevent any potential competition with its controlling shareholders and their subsidiaries post-restructuring[181]. - The company has a plan to avoid and minimize related party transactions with its controlling shareholders and their subsidiaries[184]. Compliance and Governance - The company has received a standard unqualified audit report from the accounting firm Rongcheng[7]. - The board of directors has confirmed that all members attended the board meeting, ensuring accountability for the report's accuracy[6]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[200]. - The company has complied with the lock-up commitments for shares and convertible bonds as per the latest regulatory requirements[4][5]. - The company has not reported any significant changes in accounting policies or estimates that would impact its financial performance[196]. - The company has no significant litigation or arbitration matters during the reporting period[200].