证券代码：605068 证券简称：明新旭腾 公告编号：2023-068 转债代码：111004 转债简称：明新转债 二、《募集资金专户存储四方监管协议》的签订情况和募集资金专户的开立 情况 为规范公司募集资金管理，切实保护投资者权益，根据《上市公司监管指引 第 2 号——上市公司募集资金管理和使用的监管要求》、《上海证券交易所上市 公司自律监管指引第 1 号——规范运作》等法律法规的规定，公司于 2023 年 04 月 10 日召开的第三届董事会第十二次会议及第三届监事会第十一次会议以及 2023 年 05 月 12 日召开的 2022 年年度股东大会，审议通过了《关于部分募投项 目新增实施主体及实施地点并使用部分募集资金向全资子公司提供借款以实施 募投项目的议案》，同意新增全资子公司江苏明新旭腾科技有限公司（以下简称 "旭腾科技"）作为实施主体，与公司共同实施"年产 110 万张牛皮汽车革清洁 化智能化提升改造项目"，上述募投项目的实施地点相应增加江苏省新沂市经济 开发区，并根据募投项目建设进展和实际资金需求，向旭腾科技提供总额不超过 该项目最高募集资金拟投资金额的有息借款用于募投项目的实施，并同意授权公 ...

明新旭腾新材料股份有限公司 章 程 （2023 年 08 月） 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司（以下简 称"公司"）。 公司由原浙江明新旭腾皮业有限公司整体变更为股份有限公司，继承原浙江明 新旭腾皮业有限公司的全部资产、负债和业务；公司在浙江省市场监督管理局注册 登记，取得营业执照，统一社会信用代码：9133040278291229XX。 第三条 公司于2020年9月27日经中国证券监督管理委员会(以下简称"中国 证监会")核准，首次向社会公众公开发行人民币普通股4,150万股，于2020年11月 23日在上海证券交易所主板上市。 第四条 公司注册名称： 中文全称：明新旭腾新材料股份有限公司 英文全称：Mingxin Automotive Leather Co., Ltd. 第五条 公司住所：浙江省嘉兴市南湖区大桥镇明新路188号。 | 目录 | | --- | | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 2 | | 第三章 | 股份 | 3 | | 第一节 | 股份发行 | 3 | | 第二节 | 股份增减和回购 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥149,164,967.75, representing a year-on-year increase of 10.38%[5] - The net profit attributable to shareholders of the listed company was -¥5,691,506.00, a decrease of 133.26% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥11,356,604.96, reflecting a decline of 231.55% year-on-year[5] - The basic earnings per share was -¥0.03, down 130.00% from the same period last year[6] - The diluted earnings per share was -¥0.03, reflecting a decrease of 130.00% year-on-year[6] - Net profit for Q1 2023 was a loss of ¥5,691,506.00, compared to a profit of ¥16,989,109.62 in Q1 2022, indicating a significant decline[18] - The total comprehensive income for Q1 2023 was -5,760,570.69 RMB, a stark contrast to 17,105,885.59 RMB in the same period last year[19] - The basic and diluted earnings per share for Q1 2023 were both -0.03 RMB, down from 0.10 RMB in Q1 2022[19] Cash Flow - The net cash flow from operating activities was -¥37,071,173.13, a decrease of 157.06% compared to the previous year[5] - Cash inflows from operating activities totaled 219,061,336.29 RMB in Q1 2023, a decrease of 30.8% from 316,986,188.19 RMB in Q1 2022[21] - The net cash outflow from operating activities was -37,071,173.13 RMB in Q1 2023, compared to a positive inflow of 64,968,103.14 RMB in Q1 2022[21] - Cash inflows from investing activities were 90,391,604.03 RMB in Q1 2023, down from 145,066,836.50 RMB in Q1 2022, reflecting a decline of 37.7%[21] - The net cash outflow from investing activities was -48,545,699.47 RMB in Q1 2023, compared to -118,334,229.41 RMB in Q1 2022, showing an improvement in cash flow management[21] - Cash inflows from financing activities were 96,229,239.66 RMB in Q1 2023, an increase of 37.5% from 70,000,000.00 RMB in Q1 2022[22] - The net cash outflow from financing activities was -80,074,628.34 RMB in Q1 2023, compared to -27,592,939.86 RMB in Q1 2022, indicating increased financial pressure[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,233,425,789.22, a decrease of 2.28% from the end of the previous year[6] - Total liabilities amounted to ¥1,402,187,601.55 as of March 31, 2023, slightly up from ¥1,391,929,415.47 at the end of 2022[16] - The company's total assets were ¥3,233,425,789.22 as of March 31, 2023, down from ¥3,308,940,375.39 at the end of 2022, a decrease of 2.3%[16] - The total equity attributable to shareholders was ¥1,831,238,187.67 as of March 31, 2023, down from ¥1,917,010,959.92 at the end of 2022, a decline of 4.5%[16] - The company’s total equity decreased to ¥1,668,501,563.75 in Q1 2023 from ¥1,750,701,875.94 in Q4 2022, reflecting a decline of 4.7%[25] Shareholder Information - The company repurchased a total of 3,862,700 shares, which accounted for 2.15% of the total share capital as of the reporting date[12] - The top shareholder, Zhuang Junxin, holds 25.99% of the shares, while the second-largest shareholder, Zhuang Yan, holds 16.81%[11] - The company has a total of 7,331 common shareholders as of the end of the reporting period[11] Operational Insights - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[12] - The company aims to enhance its product offerings and improve operational efficiency moving forward[12] - The company has not reported any significant mergers or acquisitions during the reporting period[13] - The company plans to focus on market expansion and new product development to improve future performance[28] Research and Development - Research and development expenses for Q1 2023 were ¥22,094,269.14, a decrease from ¥23,717,133.78 in Q1 2022, showing a reduction of 6.8%[18] - Research and development expenses for Q1 2023 were ¥10,179,758.31, down from ¥12,084,706.84 in Q1 2022, a decrease of 15.7%[28]

Financial Performance - The company's operating revenue for 2022 was RMB 855,552,009, representing a 4.24% increase compared to RMB 820,774,984 in 2021[22]. - The net profit attributable to shareholders for 2022 decreased by 38.63% to RMB 100,262,514 from RMB 163,385,464 in 2021[22]. - The basic earnings per share for 2022 was RMB 0.60, down 38.78% from RMB 0.98 in 2021[23]. - The total assets of the company increased by 23.96% to RMB 3,308,940,375.39 at the end of 2022, compared to RMB 2,669,433,705.00 at the end of 2021[22]. - The company's net assets attributable to shareholders rose by 9.79% to RMB 1,917,010,959.92 at the end of 2022, up from RMB 1,746,078,162.38 at the end of 2021[22]. - The cash flow from operating activities for 2022 was RMB 81,698,188, an increase of 26.43% from RMB 64,616,870 in 2021[22]. - The company experienced a significant decline in net profit due to reduced sales orders for cow leather and increased raw material costs[23]. - Research and development expenses increased due to a rise in the number of R&D personnel, impacting overall profitability[23]. - The weighted average return on equity decreased by 4.11 percentage points to 5.40% in 2022 from 9.51% in 2021[23]. Dividend and Shareholder Returns - The board of directors proposed a cash dividend of RMB 1 per 10 shares, totaling an estimated cash distribution of RMB 16,273,944.70 based on a total share capital of 162,739,447 shares as of April 10, 2023[5]. - The company has not disclosed any significant changes in its total share capital prior to the dividend distribution date[5]. - The total cash dividend amount (including tax) is CNY 37,222,935.10, which accounts for 37.13% of the net profit attributable to ordinary shareholders in the consolidated financial statements[141]. - The company distributed a cash dividend of CNY 1.00 per 10 shares, with a total cash dividend amount of CNY 16,273,944.70[141]. - The net profit attributable to ordinary shareholders in the consolidated financial statements is CNY 100,262,514.06, with a net profit margin of 16.23%[141]. Environmental Commitment - The company emphasizes the importance of environmental protection strategies in its production processes, aiming to reduce risks to humans and the environment[12]. - The company is committed to developing environmentally friendly materials, such as water-based ultra-fine fibers, which do not use harmful organic solvents[12]. - The company has invested CNY 1,583.81 million in environmental protection during the reporting period[148]. - The company has implemented a strict wastewater treatment plan using a three-stage treatment technology[151]. - The company has achieved compliance with all pollutant discharge standards, with no exceedances reported[150]. - The company has developed an emergency response plan for environmental incidents and registered it with local environmental protection agencies[154]. - The company has established a robust automatic monitoring system for pollutant emissions, ensuring compliance with environmental monitoring regulations[155]. - The company reduced carbon emissions by 4,058 tons through various decarbonization measures, including photovoltaic power generation and steam waste heat recovery[158]. - The company has been recognized as a provincial-level green low-carbon factory in 2021 and a national green factory in 2022[157]. - The company has achieved ISO 14001 environmental management system certification, ensuring compliance with environmental regulations[161]. Governance and Compliance - The company received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the financial report's authenticity and completeness[4]. - There are no non-operating fund occupations by controlling shareholders or related parties, and no violations in decision-making procedures for external guarantees[7]. - The board of directors and management guarantee the authenticity and completeness of the annual report, assuming legal responsibility for any misstatements[9]. - The company’s governance practices align with legal and regulatory requirements, with no significant discrepancies noted[106]. - The board consists of 7 members, including 3 independent directors, ensuring diverse expertise in industry, finance, and law[104]. - The company has implemented measures to maintain the independence of its operations from controlling shareholders[106]. - The company has established specialized committees under the board, including audit, nomination, compensation and assessment, and strategy committees[125]. - The company has committed to timely and accurate information disclosure to protect the interests of minority investors[106]. Market Strategy and Innovation - The company plans to continue expanding its market presence and product offerings, focusing on innovation and sustainability[6]. - The company is actively pursuing new product development and technological advancements to enhance its competitive edge in the market[6]. - The company is focusing on environmentally friendly leather production methods, aligning with global trends towards sustainability[22]. - The company aims to establish itself as a one-stop supplier of automotive interior materials, enhancing its competitiveness in the global market[35]. - The company is committed to continuous innovation and has positioned 2022 as a "Year of Technological Innovation," focusing on R&D investment to strengthen its core competitiveness[35]. - The company plans to enhance its global production capacity and digital manufacturing capabilities, initiating the "2023 Lighthouse Factory Construction Year" to support business growth[93]. - The company aims to provide comprehensive solutions for automotive interior materials, focusing on innovation and customer resource consolidation[87]. - The company continues to focus on the mid-to-high-end market while supplementing the low-end market, aiming to cultivate the new energy vehicle market and optimize customer and product structure[88]. Risks and Challenges - The company has detailed risk factors in the management discussion and analysis section, highlighting potential risks faced[8]. - The company faces risks related to performance fluctuations, raw material cost volatility, and increasing competition in the automotive supply industry[96][99][100]. - The company reported a significant increase in financing cash flow by 171.57% to $506.69 million, up from $186.58 million year-over-year[56]. - The company has established a comprehensive internal control system and risk management framework to enhance operational effectiveness[145]. Research and Development - The company has increased its shareholding by 1,348,600 shares, accounting for 0.8095% of the total share capital, with an investment amount of RMB 35,342,019[37]. - The company has repurchased 3,862,700 shares, representing 2.3185% of the total share capital, with a total expenditure of RMB 100,890,421.10[37]. - The company has established a comprehensive supplier evaluation system based on raw material qualification rates, delivery stability, and price advantages[45]. - The company holds 145 valid patents, including 11 invention patents, reflecting its strong R&D capabilities[49]. - Total R&D expenses amounted to ¥99,423,162.01, representing 11.62% of total revenue[70]. - The number of R&D personnel is 248, accounting for 24.08% of the total workforce[71]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[113]. - The company invested 200 million RMB in R&D for new product development in the next fiscal year[119]. Shareholder Engagement - The company conducted 3 shareholder meetings in 2022, with all resolutions passed and no rejected proposals[106]. - The company is focused on enhancing shareholder value through strategic shareholding increases by key executives[109]. - The company will ensure that any changes to commitments are disclosed and approved by shareholders[178]. - The company will disclose reasons for any failure to fulfill commitments and apologize to shareholders and the public[186].

证券代码：605068 证券简称：明新旭腾 公告编号：2023-041 转债代码：111004 转债简称：明新转债 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。 一、 说明会类型 重要内容提示： 会议召开时间：2023 年 05 月 08 日(星期一)上午 10:00-11:00 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@mingxinleather.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。 明新旭腾新材料股份有限公司（以下简称"公司"）已于 2023 年 04 月 21 日发布公司 2022 年年度报告，为便于广大投资者更全面深入地了 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥253,807,279.59, representing a year-on-year increase of 26.08%[5] - The net profit attributable to shareholders for the same period was ¥41,826,335.36, showing a slight increase of 2.68% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥37,583,635.04, which is a decrease of 7.41% year-on-year[5] - Total operating revenue for the first three quarters of 2022 was CNY 533,652,205.30, a decrease of 7.1% compared to CNY 574,220,190.78 in the same period of 2021[25] - Net profit for the first three quarters of 2022 was CNY 54,541,909.20, a decrease of 61.8% compared to CNY 143,019,410.81 in the same period of 2021[26] - Operating profit for the first three quarters of 2022 was CNY 59,045,633.03, down 65.5% from CNY 170,929,636.74 in the previous year[26] - Total comprehensive income for the first three quarters of 2022 was CNY 54,744,149.12, a decline of 61.8% from CNY 143,421,221.48 in 2021[27] - Basic and diluted earnings per share for the first three quarters of 2022 were CNY 0.33, down from CNY 0.86 in the same period of 2021[27] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,285,318,231.60, reflecting a growth of 23.07% compared to the end of the previous year[6] - The equity attributable to shareholders increased to ¥1,911,143,059.94, marking a rise of 9.45% year-on-year[6] - Total liabilities increased to CNY 1,357,541,215.72 from CNY 906,391,262.68 in the previous year[22] - The company's total assets as of September 30, 2022, were CNY 3,285,318,231.60, compared to CNY 2,669,433,705.00 at the end of 2021[23] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥107,949,690.61, which represents a decrease of 26.09% compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2022 was CNY 107,949,690.61, a decrease of 26% compared to CNY 146,052,302.23 in 2021[30] - Cash flow from investing activities increased by 322.85% due to higher cash payments for financial products and fixed asset acquisitions[10] - Cash flow from financing activities rose by 282.04% as a result of funds raised from convertible bonds[10] - Cash flow from investing activities resulted in a net outflow of CNY 397,231,411.11 in 2022, compared to a net outflow of CNY 93,941,867.05 in 2021[30] - Cash flow from financing activities generated a net inflow of CNY 553,232,948.16 in 2022, compared to CNY 144,808,672.64 in the previous year[30] Expenses - Total operating costs increased to CNY 493,637,770.32, up 19.4% from CNY 413,421,739.15 in the previous year[25] - Sales expenses increased by 85.37% due to the recruitment of new sales personnel aimed at expanding market share[10] - R&D expenses grew by 32.57% compared to the same period last year, indicating increased investment in research and development[10] - Research and development expenses rose to CNY 73,713,310.03, an increase of 32.6% compared to CNY 55,605,394.40 in 2021[25] Shareholder Activities - The company has repurchased a total of 499,000 shares, representing 0.2995% of the total share capital, with a total expenditure of RMB 10,384,297.00, at a maximum price of RMB 20.99 per share[17] - The company issued 673,000 convertible bonds with a total value of RMB 67,300,000.00, which began trading on April 25, 2022, and can be converted into shares starting October 10, 2022[18] - The company plans to increase shareholding by at least 0.5% and up to 1% of the total share capital, with a maximum purchase price of RMB 30.00 per share, and has so far acquired 66,100 shares, representing 0.0397% of the total[18] - The company has initiated a share repurchase program with a total planned expenditure between RMB 100 million and RMB 200 million over a 12-month period[17] Other Financial Metrics - The company reported non-recurring gains of ¥4,242,700.32 for the current period, down from ¥16,687,414.74 year-to-date[9] - The company experienced a 47.05% increase in cash and cash equivalents due to the inflow of convertible bond funds during the reporting period[9] - Other receivables surged by 785.93% primarily from the outstanding payments from the sale of subsidiaries[10] - Contract liabilities rose by 354.88% as a result of increased customer advance payments that have not yet been settled[10] - Basic and diluted earnings per share fell by 61.63% due to a decline in net profit attributable to the parent company[10] - The company reported a decrease in revenue from sales of goods and services, totaling CNY 634,619,493.67 for the first three quarters of 2022, down from CNY 782,620,502.03 in 2021[29] - The company incurred credit impairment losses of CNY 1,126,461.48 in 2022, a significant reduction from CNY 2,562,460.65 in the same period of 2021[26] Future Outlook - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[18] - Future outlook includes continued investment in R&D and potential market expansion strategies to enhance revenue growth[25]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[14]. - The company's operating revenue for the first half of 2022 was ¥279,844,925.71, a decrease of 24.96% compared to the same period last year[21]. - Net profit attributable to shareholders was ¥13,045,897.84, down 87.25% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥601,183.42, a decline of 99.37% compared to the previous year[21]. - The basic and diluted earnings per share were both ¥0.08, representing an 87.10% decrease from the same period last year[22]. - The weighted average return on net assets was 0.76%, down 5.06 percentage points year-on-year[22]. - The decline in net profit was primarily due to the severe impact of COVID-19 on logistics and a global chip shortage affecting sales orders[22]. - The company reported a net loss of 49,980,000.00 million for the period, indicating a significant financial challenge[181]. - The company reported a net loss of 124.5 million in the first half of 2022[185]. Revenue and Growth Projections - Future guidance estimates a revenue growth of 12% to 18% for the full year 2022[14]. - New product launches are expected to contribute an additional RMB 100 million in revenue for the second half of 2022[14]. - The company provided a positive outlook for the next quarter, projecting a revenue increase of 20% based on current market trends and user engagement[78]. - New product launches are expected to contribute an additional 300 million in revenue by the end of the fiscal year, driven by innovative features and market demand[79]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[14]. - The company is actively expanding its market presence in the new energy vehicle sector, recognizing the significant changes in the automotive industry[34]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million allocated for strategic investments[78]. - A new marketing strategy has been implemented, aiming to increase brand awareness by 40% over the next six months[79]. Research and Development - The company is investing RMB 50 million in R&D for new technologies aimed at enhancing product sustainability[14]. - Research and development expenses increased due to a rise in the number of R&D personnel[22]. - R&D expenses increased by 28.57% year-on-year, totaling CNY 47,860.40 million, reflecting the company's commitment to maintaining its competitive edge[38]. - Research and development investments have increased by 30%, focusing on advanced technologies and product enhancements[77]. Environmental and Sustainability Initiatives - The company has established a comprehensive wastewater treatment system using a three-stage treatment technology, ensuring compliance with environmental standards[65]. - The company has achieved ISO14001 environmental management system certification, indicating its commitment to environmental protection[62]. - The company has implemented strict measures for solid waste management, adhering to the principles of reduction, resource utilization, and harmlessness[65]. - The company is actively pursuing green manufacturing technologies and has implemented measures to reduce carbon emissions in line with national goals for carbon neutrality by 2060[72]. - The company promotes energy-saving practices and has achieved significant results through solar power generation and waste heat recovery[71]. Financial Management and Governance - The board of directors confirmed the accuracy and completeness of the financial report, with no major omissions[6]. - The company has no significant non-operating fund occupation by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has established measures to ensure that executive compensation is linked to the execution of performance recovery measures[107]. - The company will comply with all relevant laws and regulations regarding share transfers and reductions[86]. Shareholder and Capital Structure - The top shareholder, Zhuang Junxin, holds 42,049,000 shares, representing 25.24% of the total shares, with 42,000,000 shares pledged[127]. - The company has not reported any changes in its total share capital or share structure during the reporting period[124]. - The company has a 20-year lease agreement starting from November 1, 2020, with the rental terms for the second decade to be negotiated based on market conditions[121]. - The total equity attributable to the parent company at the end of the reporting period was 1,896,444,529.91, an increase from 1,705,984,474.82 at the end of the previous period, representing a growth of approximately 11.16%[184]. Risks and Challenges - The company faces risks related to raw material price fluctuations, as raw materials account for nearly 70% of product costs, impacting profitability[48]. - The company is exposed to customer concentration risk, as its products are primarily supplied to automotive interior parts manufacturers, which may affect order volumes[49]. - The company is subject to environmental expenditure risks, as stricter regulations may require increased investment in environmental protection measures[51]. - The automotive industry faced significant challenges in the first half of 2022, including supply chain disruptions due to chip shortages and rising raw material prices, but the company is focusing on new customer acquisition, particularly in the new energy vehicle sector[31][36].

2022 年第一季度报告 证券代码：605068 证券简称：明新旭腾 明新旭腾新材料股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 1 / 19 2022 年第一季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | | 本报告期比上年同期增减 变动幅度(%) | | | 营业收入 | | 135,141,095.52 | | -33.60 | | 归属于上市公司股东的净利润 | | 17,110,354.10 | | -76.3 ...

Financial Performance - The company's operating revenue for 2021 was approximately ¥820.77 million, representing a year-on-year increase of 1.55% compared to ¥808.23 million in 2020[22]. - The net profit attributable to shareholders for 2021 was approximately ¥163.39 million, a decrease of 25.91% from ¥220.51 million in 2020[22]. - The basic earnings per share for 2021 was ¥0.98, down 43.02% from ¥1.72 in 2020[23]. - The total assets at the end of 2021 were approximately ¥2.67 billion, an increase of 25.17% from ¥2.13 billion at the end of 2020[22]. - The net cash flow from operating activities for 2021 was approximately ¥64.62 million, a decrease of 35.49% from ¥100.17 million in 2020[22]. - The weighted average return on equity for 2021 was 9.51%, a decrease of 18.18 percentage points from 27.69% in 2020[23]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥156.30 million, down 26.97% from ¥214.03 million in 2020[22]. - The total net assets attributable to shareholders at the end of 2021 were approximately ¥1.75 billion, an increase of 2.35% from ¥1.71 billion at the end of 2020[22]. Corporate Governance - The company has established a comprehensive governance structure, including a board of directors and supervisory board, to ensure operational transparency and accountability[89]. - In 2021, the board of directors held 12 meetings, approving 41 proposals, including stock incentive plans and fundraising projects[90]. - The company has implemented measures to ensure the independence of its operations and has no significant competition with its controlling shareholders[92]. - The company has established a profit distribution policy to enhance transparency and protect investors' rights, ensuring continuity and stability in profit distribution[125]. - The company has a commitment from its major shareholders to avoid related party transactions that could harm the interests of the company[151]. Research and Development - The company has obtained 99 patents by the end of 2021 and expanded its R&D team to 229 personnel, representing over 20% of the workforce[34]. - R&D expenses increased by 23.05% to 86.11 million RMB, reflecting the company's commitment to innovation[44]. - The company plans to continue its strong investment in R&D to maintain its competitive edge in the automotive interior materials market[34]. - The company is focusing on the development of new products and technologies as part of its growth strategy[92]. Environmental Commitment - The company emphasizes its commitment to clean production and environmental protection strategies in its operations[12]. - The company has established a comprehensive environmental management system and has obtained ISO14001 certification, ensuring compliance with environmental regulations[145]. - The company has invested in research and development of eco-friendly leather materials and processes, successfully mastering advanced technologies such as chromium-free tanning and low VOC emissions[144]. - The company has been recognized as a provincial-level green factory in Zhejiang and Liaoning, reflecting its commitment to sustainable practices and green manufacturing[144]. Market Expansion and Strategy - The company has made significant progress in market expansion, particularly with new energy vehicle clients, enhancing future growth prospects[34]. - The company aims to enhance its market share by focusing on mid-to-high-end markets while also developing clients in the new energy vehicle sector[79]. - The company plans to expand its market presence through strategic acquisitions and partnerships in key regions[99]. - The company is exploring new strategies to enhance customer engagement and retention through digital platforms[99]. Risk Management - The report includes a detailed description of potential risks faced by the company, which investors should review in the management discussion and analysis section[8]. - The company faces risks related to high customer concentration, as its performance is closely tied to the demand from major automotive clients[83]. - The growth of accounts receivable may impact the company's cash flow and working capital efficiency, increasing financial pressure[84]. - The company is exposed to foreign exchange risks due to the import of raw materials and sales in foreign currencies[86]. Shareholder Commitments - The company has committed to a lock-up period of 36 months for major shareholders, including the actual controller and significant shareholders, starting from the date of listing[149]. - The company has confirmed that all commitments related to shareholding incentives have been fulfilled on time[151]. - The company will adhere to the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding shareholding and transfer[160]. - The company guarantees that it will not engage in related party transactions that could harm its interests or those of its shareholders[194].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 201,306,770.87, a decrease of 9.58% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was CNY 40,734,187.04, down 34.88% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 40,591,485.11, a decrease of 33.46% compared to the previous year[5]. - The basic earnings per share for Q3 2021 was CNY 0.25, a decline of 51.16% year-on-year[6]. - The diluted earnings per share for Q3 2021 was also CNY 0.25, reflecting the same percentage decrease of 51.16%[6]. - The weighted average return on equity decreased by 6.05 percentage points to 2.39% for the current period[6]. - Total operating revenue for the first three quarters of 2021 was approximately ¥574.22 million, a slight increase of 1.28% compared to ¥567.49 million in the same period of 2020[22]. - Net profit for the first three quarters of 2021 was approximately ¥143.02 million, a decrease of 10.21% compared to ¥159.36 million in the same period of 2020[23]. - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.86, down from ¥1.28 in the same period of 2020[24]. - The total comprehensive income for the first three quarters of 2021 was approximately ¥143.42 million, a decrease from ¥159.26 million in the same period of 2020[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,445,844,404.75, an increase of 14.69% compared to the end of the previous year[6]. - The company's current assets totaled CNY 1,759,777,000.09, up from CNY 1,580,729,981.63 at the end of 2020, indicating an increase of about 11.3%[18]. - The company's total liabilities amounted to CNY 720,847,619.57, up from CNY 426,641,248.95, which is an increase of approximately 69.1%[19]. - The equity attributable to shareholders reached CNY 1,724,996,785.18, compared to CNY 1,705,984,474.82 at the end of 2020, showing a slight increase of about 1.1%[19]. - The non-current assets totaled CNY 686,066,592.01, reflecting an increase from CNY 551,895,742.14, which is a growth of about 24.3%[19]. - Total liabilities increased from 426,641,248.95 to 459,375,085.00, reflecting an increase of 7.8%[31]. - Non-current liabilities rose from 123,043,279.77 to 155,777,115.82, marking a 26.6% increase[31]. - The total current liabilities were reported at 303,597,969.18, with no adjustments noted[31]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 146,052,302.23, a decrease of 17.24% year-on-year[6]. - Cash inflow from operating activities was approximately ¥808.56 million, an increase from ¥681.19 million in the first three quarters of 2020[26]. - The net cash flow from investment activities decreased by 45.18% due to increased expenditures on land purchases and prepayments for talent apartments[11]. - The net cash flow from investing activities was -¥93,941,867.05 for the first three quarters of 2021, an improvement compared to -¥171,367,716.07 in the same period of 2020[27]. - Cash inflow from financing activities totaled ¥303,000,000.00 in 2021, a substantial increase from ¥102,975,729.54 in 2020, representing a growth of 194.0%[27]. - The net increase in cash and cash equivalents for the first three quarters of 2021 was ¥197,260,604.06, compared to only ¥607,637.56 in the same period of 2020, indicating a substantial improvement in liquidity management[28]. Research and Development - R&D expenses increased by 36.49% as the company continued to invest in technology talent and water-based ultra-fiber research[11]. - Research and development expenses rose to approximately ¥55.61 million, a 36.4% increase from ¥40.74 million in the first three quarters of 2020[22]. Other Financial Metrics - The company reported a non-recurring gain of CNY 1,625,202.30 from government subsidies closely related to its normal business operations[9]. - Other income increased by 82.21% due to an increase in government subsidies related to income during the reporting period[11]. - Investment income decreased by 4,802.21% mainly due to an increase in bank acceptance bill discounts during the reporting period[11]. - Financial expenses decreased by 871.52% mainly due to increased interest income during the reporting period[11]. - The company has not reported any new product launches or significant market expansion strategies during this quarter[20]. - The company adopted the new leasing standards effective January 1, 2021, which did not significantly impact its financial position or operating results[32]. - The company has not reported any significant impacts from the new leasing standards on its financial statements[32].