Financial Performance - The net profit for the parent company in 2021 was CNY 65,193,901.34, with a distributable profit of CNY 453,295,538.06 after accounting for the legal surplus reserve[6]. - The proposed cash dividend is CNY 1.50 per 10 shares, totaling CNY 24,000,000.00, which represents 23.85% of the net profit attributable to ordinary shareholders[6]. - The company's operating revenue for 2021 was CNY 1,163,028,537.69, representing a 17.34% increase compared to CNY 991,129,734.34 in 2020[24]. - The net profit attributable to shareholders of the listed company decreased by 21.26% to CNY 100,617,412.61 in 2021 from CNY 127,785,077.21 in 2020[24]. - The net cash flow from operating activities dropped significantly by 55.21% to CNY 124,299,903.35 in 2021 compared to CNY 277,517,436.49 in 2020[24]. - The total assets increased by 34.10% to CNY 2,167,282,757.57 at the end of 2021 from CNY 1,616,157,017.48 at the end of 2020[24]. - The basic earnings per share decreased by 37.74% to CNY 0.66 in 2021 from CNY 1.06 in 2020[25]. - The weighted average return on equity fell by 9.22 percentage points to 6.70% in 2021 from 15.92% in 2020[25]. Operational Challenges - The company faced challenges such as global economic fluctuations, chip shortages, rising raw material prices, and recurring COVID-19 outbreaks in 2021[33]. - The company maintained a stable overall operating performance and continued to grow its sales scale despite these challenges[33]. Strategic Initiatives - The company aims to optimize internal management and enhance its integrated management system to improve customer satisfaction[33]. - The company initiated a refinancing convertible bond project with a total planned investment of 650 million yuan to expand production capacity for 1.1 million new energy vehicle aluminum alloy components and the second phase of the precision aluminum alloy casting project in Mexico[35]. - The company is focusing on the development of new technologies and products to align with the industry's shift towards energy-saving and environmentally friendly vehicles[92]. - The company plans to extend its support for the new energy vehicle industry through favorable policies and financial incentives until at least the end of 2022[95]. Market Position - The global automotive industry saw a decline in production from 2018 due to the pandemic, but the new energy vehicle sector experienced rapid growth, with global sales of narrow-sense new energy vehicles reaching 5.25 million units in 2021, a 124% year-on-year increase[42]. - In 2021, China's new energy vehicle sales accounted for 52% of the global market, with production and sales of new energy vehicles growing significantly, indicating a strong market position[42]. - The company’s sales revenue in the automotive parts industry grew from 197.79 billion yuan in 2011 to 357.58 billion yuan in 2020, with a compound annual growth rate of 6.98%[46]. Corporate Governance - The company adheres to corporate governance standards, ensuring a clear separation of powers among shareholders, the board, and management, promoting transparency and accountability[112]. - The board of directors includes independent members constituting one-third of the total, ensuring compliance with legal and regulatory requirements[113]. - The company has effectively implemented rules for shareholder meetings, with all resolutions passed without opposition during the 2021 annual meeting[114]. - The company respects the rights of stakeholders and aims to balance interests among shareholders, employees, and society for sustainable development[112]. Environmental Responsibility - The company has implemented energy management measures, including monitoring energy consumption and optimizing equipment operation, to reduce energy waste[156]. - The company plans to install photovoltaic panels on factory rooftops to reduce carbon dioxide emissions as part of its clean energy initiatives[157]. - The company produced 86 tons of general solid waste from machining processes, with 12 tons reused in production, and no excess discharge reported[152]. - The company generated 120 tons of hazardous solid waste from smelting, all of which was disposed of by a qualified third party, with no excess discharge reported[152]. Employee Management - The company has established a comprehensive training program that includes various training types such as corporate culture, management skills, and professional skills training[137]. - The company has implemented a salary policy that ensures internal equity and external competitiveness, with different compensation structures for direct production and non-production staff[135]. - The company has a total of 266 employees with a bachelor's degree or higher, and 1,025 employees with a high school education or below[134]. Shareholder Information - The total number of shareholders reached 10,319 by the end of the reporting period, down from 11,272 the previous month[193]. - The largest shareholder, Zhuhai Runchen, held 60.94% of shares before the issuance, which decreased to 45.70% afterward[191]. - Foreign ownership accounted for 31.47% of total shares, with 21.46% held by foreign legal entities[184]. Financial Management - The company has a cash dividend policy that mandates a minimum cash distribution of 10% of the distributable profits for the year, provided the company is profitable and has sufficient operational funds[140]. - The company has established a robust internal control system that complies with regulations and enhances decision-making efficiency, ensuring asset safety and strategic implementation[146]. - The internal control audit report issued by Zhonghui CPA confirmed that the company maintained effective financial reporting internal controls in all significant aspects[147].

Financial Performance - The company's operating revenue for Q3 2021 was ¥253,802,488.04, a decrease of 7.48% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥18,599,959.53, down 43.12% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥9,281,143.03, a decline of 68.32% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.12, representing a decrease of 55.96% year-on-year[6] - The weighted average return on equity for Q3 2021 was 1.19%, down 72.14% from the same period last year[6] - The net profit for Q3 2021 was ¥82,687,116.22, a decrease of 14.7% compared to ¥96,470,930.38 in Q3 2020[19] - The operating profit for Q3 2021 was ¥91,788,962.14, down from ¥112,032,902.22 in Q3 2020, indicating a decline of 18.0%[18] - The total comprehensive income for Q3 2021 was ¥76,048,609.44, compared to ¥58,717,996.00 in Q3 2020, showing an increase of 29.5%[19] - The basic and diluted earnings per share for Q3 2021 were both ¥0.55, down from ¥0.80 in Q3 2020[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,997,700,637.35, an increase of 23.61% compared to the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was ¥1,636,757,397.30, up 92.05% year-on-year due to the increase in share capital from the IPO[6] - Current assets as of September 30, 2021, totaled RMB 997,619,697.06, a significant increase from RMB 702,505,605.18 at the end of 2020[13] - Non-current assets amounted to RMB 1,000,080,940.29 as of September 30, 2021, compared to RMB 913,651,412.30 at the end of 2020[14] - Total assets reached RMB 1,997,700,637.35, up from RMB 1,616,157,017.48 at the end of 2020[15] - Total liabilities decreased to RMB 360,943,240.05 from RMB 763,881,944.69 at the end of 2020, indicating improved financial stability[15] - Shareholders' equity increased to RMB 1,636,757,397.30 as of September 30, 2021, compared to RMB 852,275,072.79 at the end of 2020[15] Cash Flow and Financing - The net cash flow from operating activities for the year-to-date was ¥101,937,694.29, a decrease of 56.37% compared to the previous year[5] - The cash flow from operating activities for the first nine months of 2021 was ¥101,937,694.29, a decrease of 56.4% from ¥233,621,936.90 in the same period of 2020[21] - The net cash increase from financing activities in Q3 2021 was ¥321,172,063.20, compared to a net cash outflow of ¥39,776,270.90 in Q3 2020[22] - The total cash and cash equivalents at the end of Q3 2021 were ¥125,249,891.95, an increase from ¥93,426,851.89 at the end of Q3 2020[22] - Cash and cash equivalents rose to RMB 178,648,518.70 from RMB 96,623,743.44 at the end of 2020, reflecting better liquidity[13] Operating Costs and Revenue - Total operating revenue for the first three quarters of 2021 reached RMB 813,175,819.40, an increase of 23.2% compared to RMB 660,056,539.69 in the same period of 2020[17] - Total operating costs for the first three quarters of 2021 were RMB 738,429,292.05, up 30.9% from RMB 564,100,671.70 in the previous year[17] - Total revenue from operating activities for the first nine months of 2021 reached ¥721,322,072.97, up from ¥576,528,339.58 in the same period of 2020, representing an increase of 25.1%[21] Research and Development - Research and development expenses for Q3 2021 were ¥33,908,026.98, compared to ¥27,926,509.37 in Q3 2020, reflecting a growth of 21.4%[18] Other Financial Aspects - The company attributed the decline in profits primarily to the significant increase in aluminum prices and adjustments in customer pricing[8] - The company reported government subsidies amounting to ¥7,089,745.88 for the current period, contributing to the overall financial performance[7] - Inventory levels increased to RMB 287,195,198.06 as of September 30, 2021, compared to RMB 197,313,093.64 at the end of 2020, indicating potential growth in sales[13] - The company reported a decrease in short-term borrowings to RMB 70,830,354.11 from RMB 416,988,995.18 at the end of 2020, suggesting a reduction in debt reliance[15] - The company reported a decrease in other comprehensive income attributable to the parent company, with a net amount of -¥6,638,506.78 in Q3 2021 compared to -¥37,752,934.38 in Q3 2020[19]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, achieving a total of 1.2 billion CNY, representing a year-on-year growth of 25%[10]. - The company's operating revenue for the first half of 2021 was RMB 559,373,331.36, representing a 45.01% increase compared to RMB 385,748,823.54 in the same period last year[17]. - The net profit attributable to shareholders was RMB 64,087,156.69, a slight increase of 0.49% from RMB 63,773,100.38 year-on-year[17]. - The total profit for the first half of 2021 was CNY 74,623,684.97, down from CNY 76,366,444.82 in the same period of 2020, indicating a decrease of 2.3%[99]. - The company's total comprehensive income for the first half of 2021 was CNY 67,028,648.11, significantly higher than CNY 30,651,745.82 in the previous year, marking an increase of 118.5%[99]. - The company's financial expenses increased to CNY 3,287,865.64 from CNY 2,851,365.56, indicating a rise of 15.3% year-over-year[101]. Future Outlook and Expansion - The company has set a future outlook with a revenue target of 2.5 billion CNY for the full year 2021, which would represent a 20% increase from 2020[10]. - The company is expanding its market presence in Southeast Asia, with plans to establish two new manufacturing facilities by Q4 2021, aiming to increase production capacity by 30%[10]. - New product development includes the launch of a lightweight aluminum alloy product line, expected to contribute an additional 200 million CNY in revenue by the end of 2021[10]. - The company plans to expand its production capacity with projects including 390,000 automotive powertrain housings and 380,000 new energy motor housings[50]. Research and Development - The company has invested 50 million CNY in R&D for new technologies focused on electric vehicle components, anticipating a market entry by mid-2022[10]. - The company's R&D expenses rose to ¥21,938,417.20, marking a 43.23% increase due to business scale expansion[35]. - The company's R&D expenses increased to CNY 10,525,532.37, up from CNY 8,545,401.96, representing a growth of 23.2% year-over-year[101]. Market Position and Competition - A strategic acquisition of a local competitor is in progress, which is projected to enhance market share by 10% and diversify the product portfolio[10]. - Increased competition in the automotive aluminum precision die-casting sector requires the company to enhance product performance and expand capacity to maintain market position[49]. - The company is focusing on the development of new energy vehicle components, successfully applying products to major platforms such as Volkswagen's MEB and Audi's PPE[26]. Financial Stability and Risks - The net cash flow from operating activities decreased by 58.40% to RMB 67,070,939.69, down from RMB 161,235,385.30 in the previous year[17]. - There are no significant risks identified that could materially affect the company's operations in the reporting period[5]. - The price volatility of aluminum alloy ingots, the main raw material, poses a risk to production costs, although the company has agreements to adjust product prices accordingly[48]. - The company faces potential risks if the automotive chip supply does not improve, which could lead to reduced demand for non-chip automotive components[47]. Environmental Commitment - Environmental measures are in place to ensure compliance with national standards, despite the production of pollutants during manufacturing processes[59]. - The company has passed the ISO14001 environmental management system certification, demonstrating its commitment to environmental protection[63]. - The company has implemented a wet dust removal system with an efficiency of over 99% for dust generated during the shot blasting process[60]. - The company has achieved an oil fume removal rate of over 85% through an electrostatic oil fume purification device[60]. Corporate Governance and Compliance - The company maintains a strong commitment to transparency, with all board members present at the meeting to ensure the accuracy of the report[6]. - The integrity status of the company and its controlling shareholders was good, with no unfulfilled court judgments or significant overdue debts[70]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[56]. - The company has not engaged in any asset acquisitions or equity purchases that require disclosure[72]. Shareholder Information - The company has a total of 160,000,000 shares after the issuance of 40,000,000 new shares, representing a 75% increase in the number of shares[76]. - The largest shareholder, Zhuhai Runcheng Investment Co., Ltd., holds 73,127,125 shares, representing 45.70% of the total shares[81]. - The top ten shareholders hold a total of 73,127,125 shares, accounting for 45.70% of the total shares[81]. - The company has 20,914 common stock shareholders as of the end of the reporting period[79]. Asset and Liability Management - The company's total assets increased by 20.99% to RMB 1,955,450,236.36 compared to RMB 1,616,157,017.48 at the end of the previous year[17]. - The total liabilities decreased to CNY 327,712,800.39 from CNY 763,881,944.69 year-over-year[90]. - The company's equity attributable to shareholders increased significantly to CNY 1,627,737,435.97 from CNY 852,275,072.79[90]. - The company's short-term borrowings decreased significantly to CNY 64,494,400.18 from CNY 416,988,995.18, indicating improved financial stability[89].

Financial Performance - The company reported a distributable profit of CNY 519,248,856.00 as of December 31, 2020, with a proposed cash dividend of CNY 4,000,000.00 (CNY 2.50 per 10 shares) for all shareholders[5]. - The company's operating revenue for 2020 was approximately ¥991.13 million, a slight increase of 0.03% compared to ¥990.87 million in 2019[22]. - The net profit attributable to shareholders decreased by 19.28% to ¥127.79 million from ¥158.30 million in 2019[22]. - The basic earnings per share for 2020 was ¥1.06, down 19.70% from ¥1.32 in 2019[23]. - The weighted average return on equity decreased by 7.76 percentage points to 15.92% in 2020 from 23.68% in 2019[23]. - The company's total assets at the end of 2020 were approximately ¥1.62 billion, reflecting a 5.28% increase from ¥1.54 billion at the end of 2019[22]. - Operating profit decreased by 18.49% to ¥154,154,484.60, while net profit fell by 19.28% to ¥127,785,077.21[41]. - The total assets increased by 5.28% compared to the beginning of the year, with overseas assets accounting for 22.68% of total assets[35]. - The company reported a total revenue of 23,222.70 million yuan and a net profit of 1,476.68 million yuan for the year 2020[77]. - The company’s revenue for the reporting period was 991.16 million yuan, showing a slight growth trend[88]. Cash Flow and Investments - The net cash flow from operating activities increased by 34.87% to ¥277.52 million, primarily due to tax refunds and overdue customer payments[22][24]. - Cash and cash equivalents increased by 81.95% to CNY 96,623,743.44, compared to CNY 53,104,818.28 in the previous period[63]. - The company received CNY 30,344,130.10 in tax refunds, significantly higher than CNY 5,699,816.39 in 2019, showing an increase of 432.5%[194]. - The company raised CNY 587,330,230.00 through borrowings in 2020, compared to CNY 478,917,400.00 in 2019, indicating an increase of 22.7%[195]. - The net cash flow from investing activities was -$81.07 million, an improvement from -$149.87 million in 2019[198]. Research and Development - Research and development expenses increased by 5.13% to ¥39,669,916.44, reflecting the company's commitment to innovation[49]. - The total R&D expenditure was ¥39.67 million, accounting for 4.00% of total revenue, with no capitalized R&D expenses[60]. - The company plans to increase R&D investment and strengthen technological innovation over the next two to three years[81]. Market and Industry Trends - The automotive industry is experiencing a significant trend towards energy conservation and environmental protection, impacting market dynamics[69]. - The market for new energy vehicles continues to grow rapidly, driven by policy support and technological innovation[71]. - The aluminum die-casting industry reported revenue of ¥974.22 million, with a gross margin of 32.47%, a decrease of 2.94 percentage points compared to the previous year[52]. - The automotive parts die-casting industry in China is characterized by low concentration, with major players being either supporting enterprises or independent precision die-casting manufacturers[78]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[4]. - The company has ensured the accuracy and completeness of the annual report, with all board members present at the meeting[8]. - The company has not faced any risks of suspension or termination of its listing[106]. - The independent directors accounted for one-third of the board, ensuring compliance with legal and regulatory requirements[153]. - The company has implemented strict information disclosure practices to protect the rights of all shareholders[152]. Shareholder Information - The top shareholder, Zhuhai Runcheng Investment Co., Ltd., holds 60.94% of the shares[121]. - The company has a cash dividend policy that mandates at least 10% of distributable profits be paid out as cash dividends if the company is profitable[94]. - Sales to the top five customers accounted for 85.71% of the company's total revenue in 2020, indicating a high customer concentration risk[87]. Operational Efficiency - The company has optimized its organizational structure, enhancing management functions and improving production efficiency[43]. - The production model is based on "sales-driven production," ensuring alignment with customer demand[32]. - The company maintains strict supplier evaluation and procurement processes to ensure the quality of raw materials[32]. Employee and Management Information - The total number of employees in the parent company is 581, while the total number of employees in major subsidiaries is 1,441, resulting in a combined total of 2,022 employees[145]. - The total compensation for the current and departing directors and senior management during the reporting period amounted to CNY 455.58 million[135]. - The company has established a comprehensive training management system, including various training programs such as onboarding, professional skills, and legal regulations[148]. Risk Management - There are no significant risks that materially affect the company's operations during the reporting period[7]. - The company emphasizes the importance of risk awareness in future planning and investment decisions[6]. - The company faces risks from fluctuations in aluminum alloy ingot prices, which directly impact production costs[89].

2021 年第一季度报告 公司代码：605133 公司简称：嵘泰股份 江苏嵘泰工业股份有限公司 2021 年第一季度报告 二○二一年四月 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 3 / 19 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 2,052,869,594.91 1,616,157,017.48 27.02 归属于上市公司股东的净资产 1,627,024,220.27 852,275,072.79 90.90 年初至报告期末 上年初至上年报告 期末 比上年同期增减 (%) 经营活动产生的现金流量净额 42,064,022.27 112,174,154.43 -62.50 年初至报告期末 上年初至上年报告 期末 比上年同期增减 （%） 营业收入 287,024,996.09 174,559,509.65 64.43 归属于上市公司股东的净利润 32,677,095.48 20,947,219. ...