证券代码：605128 证券简称：上海沿浦 公告编号：2023-046 上海沿浦金属制品股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 重要内容提示： 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。 https://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 06 月 14 日(星期三) 至 06 月 20 日(星期二)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 ypgf@shyanpu.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。 上海沿浦金属制品股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日发布公司 2022 年度报告，于 2023 年 4 月 28 日发布公司 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 2023 年第一季度的经营成果、财务状况，公司计划于 2023 年 06 月 21 日 下午 14:00-1 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 279,555,600.82, representing an increase of 18.46% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 11,162,608.96, showing a decrease of 4.40% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 10,305,801.16, which is an increase of 4.69% compared to the previous year[5]. - The basic earnings per share for Q1 2023 was CNY 0.14, down by 4.11% from the same period last year[6]. - Total operating revenue for Q1 2023 reached ¥279,555,600.82, an increase of 18.5% compared to ¥235,987,924.59 in Q1 2022[19]. - Net profit for Q1 2023 was ¥10,944,288.40, a decrease of 6.4% from ¥11,689,226.97 in Q1 2022[20]. - Basic earnings per share for Q1 2023 were ¥0.14, down from ¥0.15 in Q1 2022[21]. Cash Flow - The net cash flow from operating activities was CNY 8,290,355.81, a significant improvement compared to a negative cash flow of CNY -31,523,559.48 in Q1 2022[10]. - The net cash flow from operating activities for Q1 2023 was $8,290,355.81, a significant improvement compared to a net outflow of $31,523,559.48 in Q1 2022, representing a turnaround of approximately 126.3%[22]. - Total cash outflow from operating activities decreased to $152,848,949.34 from $179,209,189.49, indicating a reduction of about 14.7% year-over-year[22]. - The company experienced a net decrease in cash and cash equivalents of $54,986,175.36 in Q1 2023, compared to a decrease of $75,232,942.14 in Q1 2022, showing an improvement of approximately 26.8%[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,186,669,004.20, reflecting a slight increase of 0.97% from the end of the previous year[6]. - Total liabilities as of March 31, 2023, were ¥1,043,362,228.44, up from ¥1,033,350,421.51, showing a growth of approximately 1.0%[17]. - The company's total equity reached ¥1,143,306,775.76, compared to ¥1,132,362,487.36, reflecting an increase of approximately 1.0%[17]. - The non-current assets totaled ¥1,059,107,508.75, up from ¥919,518,917.75, indicating a significant increase of about 15.2%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,984[11]. - The largest shareholder, Zhou Jianqing, holds 30,715,000 shares, accounting for 38.39% of the total shares[12]. Expenses - Total operating costs for Q1 2023 were ¥272,945,293.63, up 24.5% from ¥219,219,527.98 in Q1 2022[19]. - Research and development expenses for Q1 2023 amounted to ¥10,367,319.66, an increase of 24.0% from ¥8,357,252.04 in Q1 2022[19]. - Financial expenses for Q1 2023 were ¥2,666,671.96, compared to a financial income of ¥196,920.49 in Q1 2022, indicating a significant shift in financial performance[19]. - Tax expenses for Q1 2023 were ¥1,180,090.63, down 32.0% from ¥1,733,613.34 in Q1 2022[20]. - Other income for Q1 2023 was ¥996,618.19, a decrease of 51.2% from ¥2,043,444.85 in Q1 2022[19]. - Investment loss for Q1 2023 was ¥36,803.64, compared to a gain of ¥142,437.87 in Q1 2022, indicating a decline in investment performance[19]. Accounting Practices - The company did not apply new accounting standards for the first time in 2023, indicating continuity in financial reporting practices[23].

Financial Performance - The company's operating revenue for 2022 was ¥1,121,732,780.23, representing a 35.72% increase compared to ¥826,507,388.30 in 2021[25]. - The net profit attributable to shareholders for 2022 was ¥45,744,422.47, a decrease of 35.10% from ¥70,481,085.46 in 2021[25]. - The basic earnings per share for 2022 was ¥0.57, down 35.23% from ¥0.88 in 2021[27]. - The cash flow from operating activities for 2022 was ¥50,401,383.23, a decline of 49.67% compared to ¥100,150,785.73 in 2021[25]. - The company's net assets attributable to shareholders at the end of 2022 were ¥1,127,386,290.96, an increase of 9.70% from ¥1,027,733,175.66 at the end of 2021[25]. - The weighted average return on equity for 2022 was 4.35%, a decrease of 2.61 percentage points from 6.96% in 2021[27]. - The net profit after deducting non-recurring gains and losses for 2022 was ¥31,985,588.50, a decrease of 47.12% from ¥60,484,879.85 in 2021[25]. - The gross profit margin for the automotive parts segment decreased by 5.92 percentage points, with revenue of ¥1,095,583,092.52 and costs of ¥971,206,660.28[63]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1.25 per 10 shares, totaling RMB 10 million, based on a total share capital of 80 million shares as of December 31, 2022[4]. - The company does not plan to increase capital reserves into share capital[4]. - The cash dividend distribution was completed on June 23, 2022, following the approval at the annual general meeting held on May 16, 2022[146]. - The cash dividend policy stipulates that if conditions are met, at least 10% of the distributable profit should be distributed as cash dividends annually, with a minimum of 20% if there are significant capital expenditure plans[143]. - The company has established a clear profit distribution policy that prioritizes cash dividends when conditions allow, ensuring shareholder returns are a key focus[141]. Governance and Compliance - The board of directors and management guarantee the accuracy and completeness of the annual report, with no false statements or omissions[6]. - The company has received a standard unqualified audit report from the accounting firm[6]. - There are no risks of more than half of the directors being unable to guarantee the authenticity of the annual report[7]. - The company has established a governance structure that allows minority shareholders to exercise their rights effectively[105]. - The company has designated personnel to manage investor relations, enhancing communication with investors and addressing their concerns[106]. - The company has established an internal control system in compliance with regulations, enhancing decision-making efficiency and ensuring asset safety[148]. - A standard unqualified opinion internal control audit report was issued by the appointed accounting firm for the fiscal year 2022[148]. - The company reported no significant internal control deficiencies during the reporting period[148]. Risk Management - The company has detailed potential risks in the report, particularly in the section discussing future development[7]. - The company emphasizes the importance of risk awareness for investors regarding future plans and strategies[5]. - The company faces risks from raw material price fluctuations, particularly steel, which has shown an upward trend in the price index[93]. - The company is exposed to cyclical risks in the automotive industry, which directly affects demand for its products[95]. - The company anticipates potential risks related to the depreciation of newly added fixed assets post-investment[94]. - The company may face significant risks if multiple negative factors occur simultaneously, potentially leading to a decline in operating profit by 50% or more[98]. Operational Strategy - The company has subsidiaries across various regions, including Wuhan, Kunshan, and Chongqing, indicating a broad operational footprint[12]. - The company is focusing on lean production management to enhance efficiency and quality, aiming to become the first choice for customers[39]. - The company has established strong partnerships with major automotive suppliers, enhancing its competitive position in the market[44]. - The company is committed to diversifying its product strategy in line with the trends in the new energy automotive sector[39]. - The company has developed a comprehensive management system to enhance operational efficiency and respond quickly to customer needs[53]. - The company aims to leverage partnerships with global platforms to enter the supply chains of international automotive giants, increasing order volumes[55]. Research and Development - The company has a technical team of nearly 150 professionals focused on product industrialization, with a mold development team that has grown from 10 members in 2003 to 90 members currently[45][46]. - The company holds 86 utility model patents and continues to apply for more, enhancing its product development capabilities[46]. - Key technologies developed include a seat longitudinal adjustment slide rail mechanism and ultra-high strength steel stamping technology, which improve product applicability and production efficiency[48]. - The company plans to increase R&D efforts, focusing on electric leg rest seats and locking slide rails for various seats, aiming for lightweight and automated components[55]. - The company is investing in R&D, allocating F% of its revenue towards developing new technologies and products[161]. Market Position and Growth - The company has seen a significant increase in new customers and projects, indicating a promising growth trajectory for the future[36]. - The sales of new energy vehicles (NEVs) exceeded 6.8 million units in 2022, with a market share of 25.6%, suggesting a strong market for the company's products[37]. - The company issued 3.84 million convertible bonds in November 2022, raising a total of RMB 384,000,000 for new production lines related to NEV seat frames[39]. - The company plans to expand its market share in the automotive seat component market and enhance strategic partnerships with existing clients[91]. - Future technology upgrades will focus on improving production processes and increasing capacity for core components[91]. Employee and Management Structure - The company has a total of 1,367 employees, with 349 in the parent company and 989 in major subsidiaries[135]. - The employee composition includes 1,065 production personnel, 2 sales personnel, 148 technical personnel, 21 financial personnel, and 131 administrative personnel[135]. - The company follows a 3P compensation management philosophy, focusing on position, ability, and performance-based pay[136]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 5.3562 million yuan[120]. Environmental Responsibility - Environmental measures include the use of low-noise equipment and waste gas filtration systems to minimize pollution impact[152]. - The company has invested in carbon reduction measures, including the use of waste gas filtration equipment[153]. - The company has not faced any administrative penalties related to environmental issues[152]. - The company has not disclosed any other environmental information beyond what is required[153]. Shareholder Commitments - Shareholders, including directors and senior management, commit not to transfer or delegate management of their shares for 12 months post-IPO, with an automatic 6-month extension if stock price falls below IPO price for 20 consecutive trading days within the first 6 months[165]. - The controlling shareholder and actual controller must increase their stock holdings by at least 10% and no more than 50% of the cash dividends received from the previous year[174]. - The company has committed to a share repurchase plan in case of false statements in the prospectus, ensuring to buy back all newly issued shares at market price[187]. - The company will compensate investors for direct losses caused by breaches of commitments made during the IPO process[182].

证券代码:605128 证券简称：上海沿浦 上海沿浦金属制品股份有限公司 投资者关系活动记录表（2022 年 2 季度） | --- | --- | --- | |----------------------|-------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

2022 年第三季度报告 证券代码：605128 证券简称：上海沿浦 上海沿浦金属制品股份有限公司 2022 年第三季度报告 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法律责任。 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。 公司负责人周建清、主管会计工作负责人秦艳芳及会计机构负责人（会计主管人员）周建明 保证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 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 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | 年初至报告期末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 286,812,992.07 | 64.79 | 744,714,520.67 ...

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2022, representing a 10% increase compared to the same period last year[10]. - The net profit for the first half of 2022 was 50 million RMB, which is a 5% increase year-over-year[10]. - The company's operating revenue for the first half of the year reached ¥457.90 million, an increase of 19.24% compared to ¥384.03 million in the same period last year[18]. - The net profit attributable to shareholders decreased by 29.09% to ¥27.15 million from ¥38.29 million year-on-year[18]. - The net profit after deducting non-recurring gains and losses fell by 39.24% to ¥21.56 million from ¥35.49 million in the previous year[18]. - The net cash flow from operating activities turned negative at -¥9.29 million, a decline of 122.32% compared to ¥41.62 million in the same period last year[18]. - Basic earnings per share decreased by 29.02% to ¥0.34 from ¥0.479 year-on-year[19]. - The total comprehensive income for the first half of 2022 was RMB 34,238,669.35, compared to RMB 26,375,706.62 in the same period last year[171]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2023[10]. - The management has provided a performance guidance of 15% revenue growth for the second half of 2022[10]. - The company has not engaged in any mergers or acquisitions in the first half of 2022, focusing instead on organic growth strategies[10]. - The company is pursuing horizontal business expansion into other automotive component areas, including safety systems and new energy vehicle-related segments[56]. - The company is expanding its market presence by entering the supplier lists of new clients including Faurecia, CVG, and others, while also starting to undertake new projects and orders from these clients[53]. Research and Development - The company has allocated 30 million RMB for research and development in new technologies for the upcoming fiscal year[10]. - The company is focused on the research and development of automotive seat components and has capabilities in designing and manufacturing high-strength stamping molds[23]. - The company has established a dedicated R&D department and a complete product development system, emphasizing the importance of technology in enhancing core competitiveness[36]. - The company aims to enhance R&D efforts, focusing on electric leg support seats and locking slide rails for various seats, aiming to improve product technology in lightweight, miniaturization, and automation[49]. - The company has developed several core technologies, including a seat longitudinal adjustment slide rail mechanism and a high-strength steel stamping technology, which improve product quality and production efficiency[42]. Operational Efficiency - The company operates on a "make-to-order" production model, ensuring production is aligned with customer demand and specifications[24]. - The company has implemented a direct sales model to downstream customers, confirming revenue upon delivery or actual use of products[34]. - The company has established a transfer warehouse system to streamline logistics and improve delivery efficiency to clients' production lines[35]. - The company aims to achieve JIT (Just-In-Time) supply for clients, enhancing communication and responsiveness to customer needs[46]. - The company has a technical team of nearly 180 professionals focused on product industrialization capabilities, enhancing its competitive edge in the automotive parts industry[39]. Financial Position and Assets - The total assets increased by 5.19% to ¥1.49 billion from ¥1.42 billion at the end of the previous year[18]. - The net assets attributable to shareholders rose by 1.86% to ¥1.05 billion from ¥1.03 billion at the end of the previous year[18]. - Total assets at the end of the reporting period were RMB 1,493,000,000, with cash and cash equivalents decreasing by 37.39% to RMB 173,828,169.96, accounting for 11.63% of total assets[60]. - The company's total equity increased to CNY 874,501,117.46 in the first half of 2022, compared to CNY 848,262,448.11 in the same period of 2021, showing a growth of approximately 3.1%[164]. Risks and Challenges - The company emphasizes risk management strategies to mitigate potential market fluctuations and operational risks[5]. - The automotive parts market is influenced by macroeconomic conditions, with a clear correlation between automotive consumption and economic cycles[38]. - The company faces a market risk due to the cyclical nature of the automotive industry, which has shown negative growth rates of -2.8%, -8.2%, -1.9%, 3.8%, and -6.6% from 2018 to the first half of 2022[69]. - The fluctuation in raw material prices, particularly steel, poses a risk to the company's cost control and profit margins, with a rising trend in steel prices noted[72]. - The company has a high customer concentration, which poses risks if existing customers experience operational difficulties, potentially leading to a decrease in order volume[77]. Shareholder Commitments and Governance - The company has committed to a share lock-up period until September 2023, with compliance confirmed[92]. - The company has established a long-term commitment framework for its major shareholders, ensuring stability until 2025[93]. - The company’s governance structure includes commitments from its directors and supervisors, ensuring adherence to the IPO-related promises[94]. - The controlling shareholders have committed to maintaining their shareholdings for a specified period to ensure market stability[98]. - The company will publicly disclose any violations of commitments and apologize to investors if necessary[131]. Compliance and Legal Matters - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[141]. - There are no significant lawsuits or arbitration matters pending or disclosed that have not been reported previously[143]. - The company has not reported any violations or penalties against its directors, supervisors, or senior management during the reporting period[143]. - The company has engaged multiple intermediaries, including Zhongyin International Securities and Shanghai Guangfa Law Firm, to ensure the accuracy of the prospectus and will compensate investors for any losses due to inaccuracies[126][127].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 235,987,924.59, representing a year-on-year increase of 17.60%[5] - The net profit attributable to shareholders decreased by 43.71% to CNY 11,676,740.95 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 47.67% to CNY 9,844,298.16[5] - Basic and diluted earnings per share were both CNY 0.15, down 43.63% from the previous year[6] - The weighted average return on equity decreased by 0.91 percentage points to 1.13%[6] - The net profit for Q1 2022 was CNY 11,689,226.97, a decrease of 43.7% compared to CNY 20,742,507.00 in Q1 2021[20] - Operating profit for Q1 2022 was CNY 13,310,470.12, down 48.7% from CNY 25,763,086.69 in the same period last year[20] - Total revenue from sales and services received in Q1 2022 was CNY 139,272,308.10, down 21.7% from CNY 178,019,095.40 in Q1 2021[21] - The company reported a total comprehensive income of CNY 11,689,226.97 for Q1 2022, compared to CNY 20,742,507.00 in Q1 2021[20] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -31,523,559.48, a decrease of 154.49% year-on-year[5] - Cash flow from operating activities showed a net outflow of CNY -31,523,559.48, compared to a net inflow of CNY 57,856,016.72 in Q1 2021[22] - The cash and cash equivalents at the end of Q1 2022 were CNY 191,708,577.18, a decrease from CNY 231,707,851.40 at the end of Q1 2021[23] - The company incurred a total cash outflow of CNY 15,764,500.68 from financing activities in Q1 2022, compared to CNY 26,298,458.33 in Q1 2021[23] - The cash inflow from investment activities was CNY 50,011,238.94 in Q1 2021, while there was no cash inflow reported in Q1 2022[22] Costs and Expenses - Total operating costs for Q1 2022 were ¥219,219,527.98, up 23.1% from ¥178,034,342.46 in Q1 2021[18] - The company reported R&D expenses of ¥8,357,252.04 for Q1 2022, an increase of 11.3% from ¥7,508,883.69 in Q1 2021[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,454,584,102.04, an increase of 2.35% from the end of the previous year[6] - Accounts receivable increased to ¥384,687,999.72 as of March 31, 2022, compared to ¥339,047,649.34 at the end of 2021, reflecting a growth of 13.5%[14] - Inventory as of March 31, 2022, was ¥159,225,525.38, up 23.3% from ¥129,155,987.21 at the end of 2021[15] - Total liabilities increased to ¥410,212,627.53 as of March 31, 2022, compared to ¥388,445,598.01 at the end of 2021, reflecting a rise of 5.7%[16] - The company maintains a strong equity position with total equity of ¥1,044,371,474.51 as of March 31, 2022, compared to ¥1,032,682,247.53 at the end of 2021[17] Future Outlook - The company attributed the profit decrease to rising raw material costs and increased labor costs due to the hiring of new project development personnel[8] - New projects are expected to begin mass production in the second half of the year, which may impact future performance positively[8] - The company has approved the issuance of A-share convertible bonds at the recent shareholders' meeting[12]

Financial Performance - The company's operating revenue for 2021 was ¥826,507,388.30, representing a 4.38% increase compared to ¥791,820,274.34 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥70,481,085.46, a decrease of 13.24% from ¥81,235,233.05 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥60,484,879.85, down 22.98% from ¥78,534,886.49 in 2020[24]. - The cash flow from operating activities for 2021 was ¥100,150,785.73, a decline of 17.24% compared to ¥121,013,483.21 in 2020[24]. - Basic earnings per share (EPS) decreased by 29.60% to CNY 0.88 in 2021, down from CNY 1.25 in 2020[26]. - Total assets increased by 4.01% to CNY 1,421,127,845.54 at the end of 2021, compared to CNY 1,366,285,723.21 at the end of 2020[25]. - The weighted average return on equity (ROE) decreased by 5.42 percentage points to 6.96% in 2021, down from 12.38% in 2020[26]. - The gross profit margin for the automotive parts segment decreased by 5.29 percentage points to 17.27% due to rising costs[62]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a growth of 15% year-over-year[128]. - The company reported a net profit of 150 million CNY, a 20% increase compared to the last fiscal year[129]. Dividend Policy - The company plans to distribute a cash dividend of RMB 8 million (including tax) to shareholders, at a rate of RMB 1 per 10 shares based on a total share capital of 80,000,000 shares as of December 31, 2021[6]. - The company does not plan to increase capital reserves into share capital[6]. - The company aims to maintain a consistent and reasonable cash dividend policy while considering long-term interests and sustainable development[154]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed as cash dividends if conditions are met[154]. - In 2021, the company distributed a cash dividend of RMB 0.625 per share, totaling RMB 50 million, based on a total share capital of 80 million shares[156]. - The cash dividend distribution was completed on May 20, 2021[157]. Corporate Governance - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[4]. - The company has established a governance structure that complies with legal requirements, including independent directors and regular board meetings[117]. - The total number of shares held by executives at the beginning of the year was 47,620,000, which decreased to 46,020,000 by the end of the year, reflecting a reduction of 1,600,000 shares[126]. - The total pre-tax remuneration for executives during the reporting period amounted to 425.79 million yuan[126]. - The company did not receive any penalties from securities regulatory authorities in the past three years[136]. - All board resolutions were passed unanimously during the meetings held in 2021[138]. - The company has established specialized committees, including audit, nomination, compensation, and strategic committees, to enhance governance[140]. Risk Management - The company has detailed potential risks in the report, particularly in the section discussing future developments[8]. - The company faces risks from fluctuating raw material prices, particularly steel, which could adversely affect cost control and profit margins[106]. - The company anticipates potential risks from market competition and economic cycles affecting the automotive industry[100]. - The company is exposed to risks from high customer concentration, which could lead to decreased order volumes if existing customers face operational challenges[110]. - The company has taken measures to mitigate the impact of the ongoing COVID-19 pandemic, but uncertainties remain regarding its effects on production and consumer demand[109]. Research and Development - Research and development expenses rose by 25.56% to RMB 29,949,840.62, indicating a commitment to enhancing product technology and innovation[59]. - The company plans to develop new products such as electric leg rest seats and high-strength angle adjusters, aiming to improve product technology in lightweight and automated components[57]. - The company has a technical team of nearly 150 professionals dedicated to product industrialization capabilities, enhancing its competitive edge in the market[48]. - The company has achieved a total of 77 utility model patents, with plans to continue applying for more in the future, indicating a strong focus on innovation[49]. - The company plans to establish a research and development center in Huangshan to attract high-quality research talent and enhance its innovation capabilities[99]. Market Position and Strategy - The company is positioned in the automotive parts industry, which is crucial for the sustainable development of the automotive sector[36]. - The automotive parts industry in China has seen significant growth, driven by increasing vehicle ownership and demand for new car sales, contributing to a robust market environment[38]. - The company aims to leverage partnerships with global platforms to enter the supply chains of major international automotive manufacturers, potentially increasing order volumes[57]. - The company plans to focus on expanding its market presence and enhancing product development strategies in the upcoming year[63]. - The company aims to increase its market share in the automotive seat components market and has entered the evaluation and negotiation stages with new clients such as Webasto and TENNECO[95]. Environmental and Social Responsibility - The company has not faced any administrative penalties related to environmental issues[163]. - The company produces minimal pollutants, primarily domestic sewage, noise, and solid waste, with effective measures in place to mitigate environmental impact[163]. - The company has committed to maintaining compliance with various shareholder and management commitments without any reported violations[168]. Internal Control and Compliance - The internal control system has been continuously improved to enhance decision-making efficiency and ensure compliance and asset safety[161]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion[162]. - The company reported no significant internal control deficiencies during the reporting period[161].

Financial Performance - The company's operating revenue for Q3 2021 was ¥174,045,502.44, a decrease of 11.58% compared to the same period last year[5] - The net profit attributable to shareholders was ¥10,435,048.23, down 53.19% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥7,295,373.11, reflecting a decline of 66.85% compared to the previous year[5] - The basic and diluted earnings per share for the period were both ¥0.1300, a decrease of 64.86%[6] - The weighted average return on equity was 0.99%, down 3.04 percentage points from the previous year[6] - Total operating revenue for the first three quarters of 2021 reached ¥558,077,573.27, an increase of 10.5% compared to ¥505,262,563.82 in the same period of 2020[23] - Net profit for the first three quarters of 2021 was ¥48,729,586.62, a decrease of 5.6% from ¥51,612,392.36 in the previous year[24] - Earnings per share for the third quarter of 2021 were ¥0.6090, down from ¥0.8600 in the same quarter of 2020[25] - The company reported a profit before tax of ¥55,751,683.92 for the third quarter of 2021, down from ¥63,920,184.26 in the same quarter of 2020[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,300,519,353.73, a decrease of 4.81% from the end of the previous year[6] - The total assets as of the end of the third quarter of 2021 amounted to ¥1,300,519,353.73, compared to ¥1,366,285,723.21 at the end of the previous year[20] - Total liabilities at the end of the third quarter of 2021 were ¥293,884,863.91, a decrease from ¥359,033,633.01 in the previous year[20] - Total liabilities amounted to 359,033,633.01, with a total equity of 1,007,252,090.20[32] - The total non-current liabilities reached 6,467,073.33, contributing to a total liabilities and equity of 1,366,285,723.21[32] - The total liabilities increased by 10,312,044.06 compared to the previous period[32] Cash Flow - Cash flow from operating activities for the year-to-date was ¥46,404,348.08, reflecting a decrease of 45.88%[6] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 508.41 million, an increase of 15.8% compared to CNY 438.77 million in the same period of 2020[27] - Net cash flow from operating activities in Q3 2021 was CNY 46.40 million, a decrease of 45.9% from CNY 85.74 million in Q3 2020[28] - Total cash inflow from investment activities in Q3 2021 was CNY 257.37 million, compared to CNY 0.90 million in Q3 2020[28] - Net cash flow from investment activities in Q3 2021 was CNY 86.59 million, a significant improvement from a net outflow of CNY 91.09 million in Q3 2020[28] - The company reported a net increase in cash and cash equivalents of CNY 66.13 million in Q3 2021, down from CNY 416.51 million in Q3 2020[28] Inventory and Receivables - Accounts receivable decreased to ¥269,913,012.42 from ¥357,228,655.46, indicating a decline of about 24.5%[18] - Inventory increased significantly to ¥137,647,678.24 from ¥69,270,591.76, representing a growth of approximately 98.7%[18] - Total current assets decreased to ¥751,600,387.21 from ¥951,015,542.16, a reduction of about 21%[18] - The total amount of other receivables decreased to ¥1,911,839.18 from ¥3,444,947.06, a decline of about 44.5%[18] - The company reported a significant increase in prepayments, rising to ¥2,965,225.37 from ¥1,874,130.62, a growth of approximately 58%[18] Strategic Investments - The company has made several strategic investments, including the establishment of wholly-owned subsidiaries and increasing stakes in existing companies throughout 2021[14] - The company has engaged in multiple external investments, including the establishment of a subsidiary in Liuzhou and increasing investment in Huangshan Yanpu Hongsheng Automotive Technology Co., Ltd.[14] Shareholder Information - The top shareholder, Zhou Jianqing, holds 38.39% of the shares, while Zhang Sicheng holds 9.47%[12] - The company has not disclosed any significant related party transactions among its top shareholders, except for the father-son relationship between Zhou Jianqing and Zhang Sicheng[12] Challenges and Market Conditions - The company faced challenges due to chip supply shortages, leading to reduced production and sales revenue[10] - Steel prices significantly increased in 2021, causing a lag in revenue from price adjustments to customers compared to rising material costs[10] - The company initiated several new projects in 2021, resulting in increased inventory and temporary capital occupation[10] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥25,727,360.38, an increase of 49.8% compared to ¥17,179,938.69 in 2020[23] Other Financial Metrics - The company recorded other comprehensive income after tax of ¥652,813.00 for the third quarter of 2021[24] - The company paid CNY 50.86 million in dividends and interest in Q3 2021, compared to CNY 2.00 million in the same period of 2020[28] - Cash outflow from financing activities in Q3 2021 was CNY 76.86 million, compared to CNY 75.99 million in Q3 2020[28] - The company's paid-in capital was 80,000,000.00, with capital reserves of 542,862,159.45[32] - Retained earnings were reported at 351,175,964.44, indicating strong profitability[32] - The total equity attributable to shareholders was 1,007,252,090.20, reflecting a solid financial position[32] - The company has a lease liability of 10,714,274.43, indicating ongoing commitments[32] - The financial report indicates no adjustments were applicable for the current period[32]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[1]. - The net profit for the first half of 2021 was 300 million RMB, up 20% compared to the same period last year[1]. - The company's operating revenue for the first half of 2021 was ¥384,032,070.83, representing a 24.52% increase compared to ¥308,419,558.31 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was ¥38,294,538.39, a 30.61% increase from ¥29,319,783.61 in the previous year[20]. - The net cash flow from operating activities reached ¥41,617,866.12, a significant increase of 618.07% compared to ¥5,795,773.52 in the same period last year[20]. - The company's revenue for the current period increased by 24.52% compared to the same period last year, closely aligning with the growth in the automotive sales sector, which saw a 25.6% increase[43]. - The automotive market in the first half of the year produced and sold over 12.89 million vehicles, reflecting a year-on-year growth of 25.6%[43]. - The company achieved an investment cash inflow of ¥254,885,491.01 in the first half of 2021, compared to ¥1,687,788.89 in the same period of 2020[163]. - The total comprehensive income for the first half of 2021 was ¥26,375,706.62, compared to ¥12,344,385.27 in the first half of 2020, marking an increase of approximately 113%[160]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2022[1]. - Future outlook includes continued focus on expanding market share and enhancing product offerings through technological advancements[27]. - The company aims to expand its market share in the automotive seat component sector while enhancing production capacity through IPO fundraising projects in existing locations like Shanghai and Wuhan[55]. - The company is actively entering the supplier lists of multinational automotive manufacturers, including Marquardt and Faurecia, and has begun to undertake new projects and orders from these clients[56]. - The company has strategically set up subsidiaries in key automotive industry regions, including Shanghai, Wuhan, and Zhengzhou, to better serve clients and meet production demands[49]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies for the automotive sector[1]. - The company has invested significantly in R&D, establishing an independent department and a complete product development system, resulting in 67 utility model patents as of the reporting period[42][45]. - The company plans to enhance R&D efforts, focusing on electric leg rest seats, small high-strength angle adjusters, and locking slide rails for various seats, aiming for product lightweighting and automation[53]. - The company has developed a range of innovative technologies, such as multi-process single machine stamping technology, which improves production efficiency and quality stability[46]. - The company continues to enhance its production automation levels annually, contributing to improved cost control and product quality[45]. Risk Management - The report includes a detailed risk analysis, highlighting potential market volatility and supply chain disruptions[1]. - The company faces risks related to raw material price fluctuations, particularly in steel, which has seen an increase in price index during the reporting period[73]. - The automotive industry is cyclical, and the company's performance is closely tied to macroeconomic conditions, which can lead to fluctuations in demand and order volumes[75]. - The company aims to diversify its customer base to mitigate risks associated with customer concentration and seek new growth opportunities[72]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, with all members present at the meeting[1]. - The company has established a comprehensive control process for new product development, ensuring a high success rate from initial client engagement to mass production[41]. - The company has implemented strict credit management policies to control accounts receivable, reducing the likelihood of bad debts despite the high volume of receivables[74]. - The company has successfully elected a new independent director, Dong Yeshun, to the board[79]. Environmental and Social Responsibility - The company reported minimal environmental pollution, primarily consisting of domestic wastewater, noise, and solid waste, with no significant pollution issues identified[83]. - The company donated RMB 50,000 to support a local football event, contributing to community engagement and social responsibility[84]. - The company has implemented measures to reduce noise pollution through the use of low-noise equipment and maintenance practices[83]. Shareholder Commitments and Stock Management - The company has a commitment to maintain share restrictions for major shareholders and management until September 14, 2023[87]. - The company reported a commitment from its controlling shareholders to not transfer or manage their shares for 36 months post-IPO[91]. - The company will ensure compliance with legal regulations regarding share reduction and will not reduce shares under certain conditions[93]. - The company will implement a stock repurchase plan within one month after the shareholders' meeting approves the specific plan, with the repurchase price not exceeding the latest audited net asset value per share[102]. - The company has established measures to address any breaches of commitments made during the IPO process, including potential compensation for investor losses[110]. Financial Position and Assets - The company's total assets decreased by 5.31% to ¥1,293,753,359.62 from ¥1,366,285,723.21 at the end of the previous year[20]. - The company's cash and cash equivalents increased by 61.01% to ¥360.47 million, up from ¥223.88 million at the end of the previous year[62]. - The company's inventory increased by 54.61% to ¥107.10 million, attributed to new business projects and internal development of molds[62]. - The company's equity attributable to shareholders decreased to CNY 996,199,441.59 from CNY 1,007,252,090.20, a decline of about 1.0%[149]. Compliance and Legal Matters - There are no significant lawsuits or arbitration matters reported during the reporting period[130]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[82]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[143].