Financial Performance - The company's operating revenue for 2020 was approximately RMB 1.84 billion, a decrease of 5.36% compared to RMB 1.95 billion in 2019[20]. - The net profit attributable to shareholders for 2020 was approximately RMB 92.24 million, down 22.74% from RMB 119.40 million in 2019[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 51.06 million, a decrease of 52.90% compared to RMB 108.40 million in 2019[20]. - Basic earnings per share decreased by 31.00% to CNY 0.69 compared to CNY 1.00 in the previous year[22]. - The weighted average return on equity decreased by 7.56 percentage points to 9.34% from 16.90% in the previous year[22]. - The company reported a net profit of CNY 552.60 million, an 8.20% increase from CNY 510.73 million in the previous year[71]. - The net profit attributable to ordinary shareholders for 2020 was RMB 33.19 million, with a cash dividend payout ratio of 52.04%[109]. Cash Flow and Assets - The net cash flow from operating activities increased by 31.49% to approximately RMB 218.72 million from RMB 166.34 million in 2019[20]. - Total assets at the end of 2020 were approximately RMB 2.26 billion, an increase of 51.85% from RMB 1.49 billion at the end of 2019[21]. - The net assets attributable to shareholders increased by 79.25% to approximately RMB 1.37 billion from RMB 765.89 million at the end of 2019[21]. - The company's cash and cash equivalents increased by 91.66% to CNY 617,990,354.11, which accounted for 27.30% of total assets[69]. - The total amount of guarantees provided by the company to its subsidiaries during the reporting period was RMB 155,824,802.36, with a year-end balance of RMB 93,738,723.46[153]. Market Position and Products - The company specializes in the R&D, production, and sales of automotive transmission system components, with products sold in over 120 countries[33]. - The company’s main products include constant velocity joints, drive shaft assemblies, and wheel hub bearing units, which are critical components in vehicles[33][34]. - The company has established a strong market position in the global automotive aftermarket through years of effort in brand, technology, quality, and sales scale[33]. - The company has a strong competitive position in the global automotive aftermarket, with significant influence in brand, product technology, and service capabilities[40]. - The company plans to produce 2.4 million sets of automotive drive shaft assemblies annually to meet increasing market demand[49]. Risks and Challenges - The company faces risks from rising labor costs, which may pressure operational performance if not mitigated by improvements in equipment and management[94]. - Fluctuations in raw material prices significantly impact the company's gross margin due to high direct material costs[95]. - The appreciation of the RMB against the USD could lead to exchange losses, negatively affecting the company's financial performance[96]. - Changes in trade policies of major importing countries could lead to performance declines if restrictive measures are imposed on the company's products[99]. Shareholder and Dividend Policies - The company has a cash dividend policy that mandates a minimum of 10% of distributable profits to be distributed as cash dividends annually, contingent on certain conditions[102]. - The company proposed a cash dividend of RMB 48 million for the first half of 2020, distributing RMB 3 per 10 shares, which was implemented on November 5, 2020[108]. - For the 2020 annual profit distribution plan, the company plans to distribute RMB 2 per 10 shares, pending approval from the 2020 annual general meeting[108]. - The company has made adjustments to its profit distribution policy to enhance transparency and protect investor interests, in line with regulatory guidelines[107]. Environmental and Social Responsibility - The company actively engages in environmental protection and has obtained ISO14001 certification for its environmental management system[169]. - The company has implemented pollution prevention facilities that are fully operational and in good condition, adhering to environmental impact assessment requirements[172]. - The company donated 200,000 RMB to the charity in response to the COVID-19 pandemic[169]. - The company has established a targeted poverty alleviation fund totaling RMB 400,000 in 2020[161]. Governance and Compliance - The company emphasizes the importance of shareholder rights and has improved its governance structure to maximize shareholder interests[164]. - The integrity status of the company and its controlling shareholders is good, with no major dishonesty issues reported[150]. - The company has no major litigation or arbitration matters during the reporting period[150]. - The company has a clear decision-making and supervision mechanism to ensure effective governance and compliance with legal regulations[164].

2020 年第三季度报告 公司代码：605088 公司简称：冠盛股份 温州市冠盛汽车零部件集团股份有限公司 2020 年第三季度报告 1 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2020 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人周家儒、主管会计工作负责人黄正荣及会计机构负责人（会计主管人员）黄正荣 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 23 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 2,137,965,617.02 1,490,667,180.48 43.42% 归属于上市公司 ...