Financial Performance - The company's operating revenue for 2021 was CNY 30,629.58 million, a slight increase of 0.87% compared to CNY 30,364.41 million in 2020[22]. - Net profit attributable to shareholders decreased by 36.98% to CNY 3,948.74 million from CNY 6,266.18 million in 2020[23]. - The basic earnings per share fell by 48.21% to CNY 0.29 from CNY 0.56 in the previous year[24]. - The net cash flow from operating activities increased by 33.02% to CNY 7,794.15 million, attributed to shorter customer payment terms and increased cash receipts[23]. - The company's total assets decreased by 1.48% to CNY 101,949.41 million compared to CNY 103,481.11 million at the end of 2020[22]. - The net assets attributable to shareholders decreased by 6.46% to CNY 87,600.77 million from CNY 93,647.65 million in 2020[22]. - The weighted average return on equity dropped to 4.40%, down 5.04 percentage points from 9.44% in 2020[23]. - The gross profit margin for automotive rubber hoses was 37.19%, showing a slight decrease of 0.52% year-on-year[56]. - The gross profit margin decreased by 5.4 percentage points to 37.19% compared to the previous year[57]. - The total cost of goods sold for automotive parts and accessories was CNY 182,800,352.72, reflecting a 9.97% increase from the previous year[61]. Dividend and Share Capital - The company plans to distribute a cash dividend of 4.45 RMB per 10 shares, totaling 59,665,600 RMB for the year 2021[6]. - The total share capital as of the end of 2021 is 134,080,000 shares[6]. - The company declared cash dividends of CNY 99.89 million, which reduced retained earnings[23]. - The company's undistributed profits decreased by 31.15% due to cash dividends of 99.89 million yuan paid in 2021[76]. Audit and Compliance - The company received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team[5]. - The internal control evaluation report for 2021 was disclosed on April 28, 2022, with a standard unqualified opinion[133]. - The company has not encountered any issues requiring rectification during the governance self-inspection period[133]. - The company strictly adheres to information disclosure obligations, ensuring transparency and accuracy in its communications with investors[99]. Research and Development - Research and development expenses for 2021 amounted to 26.57 million yuan, representing a year-on-year increase of 20.96%[37]. - The company completed 50 new formulations and improved 11 existing process formulations during the reporting period[37]. - The company has 33 patents, including 16 invention patents and 17 utility model patents, ensuring it can navigate industry technology barriers[50]. - The number of R&D personnel is 170, accounting for 21.09% of the total workforce[68]. - The company is committed to accelerating new product and technology development, improving its R&D and project management systems[90]. Market and Industry Trends - In 2021, the automotive industry in China produced and sold 26.08 million and 26.28 million vehicles, respectively, marking year-on-year growth of 3.4% and 3.8%[40]. - The long-term trends in the automotive industry include smart, connected, electric, and lightweight vehicles, with a growing focus on the aftermarket[88]. - The company recognizes the potential impact of rising raw material prices on its operating performance, as raw materials constitute a significant portion of production costs[93]. Governance and Management - The company has a board of directors consisting of 7 members, including 3 independent directors, and has established four specialized committees[98]. - The supervisory board consists of 3 supervisors, including 1 employee representative, and held 5 meetings during the reporting period[98]. - The company has maintained independence from its controlling shareholder in terms of operations, assets, and financial matters[99]. - The company is led by a diverse team with extensive experience in various sectors, including automotive parts, finance, and legal affairs, enhancing its strategic decision-making capabilities[105]. - The company has a clear governance structure with designated roles for each member of the board and management team, ensuring accountability and transparency[105]. Employee and Social Responsibility - The total number of employees in the parent company is 402, while the main subsidiaries employ 399, resulting in a total of 801 employees[122]. - The company conducted 467 internal training sessions and 19 external training sessions in 2021, focusing on various skills and compliance training[126]. - The company invested nearly 100,000 yuan in employee care initiatives, including summer cooling supplies and seasonal labor protection items[138]. - A total of 500,000 yuan was allocated for charitable assistance to 100 underprivileged families in 2021, with outreach conducted before the Spring Festival[141]. - The company has committed 2 million yuan annually to various charitable projects, including education and medical assistance[140]. Financial Management and Investments - Cash flow from operating activities increased by 33.02% year-on-year, reaching ¥77,941,528.84, primarily due to shortened customer payment terms[70]. - Cash flow from investing activities improved by 54.57% year-on-year, with a net cash outflow of ¥117,336,437.35, attributed to increased asset purchases[71]. - Cash flow from financing activities saw a significant decline of 127.39%, resulting in a net cash outflow of ¥100,498,234.12, mainly due to cash dividends paid[71]. - The company has invested RMB 52,700,000 in bank wealth management products and RMB 60,000,000 in principal-protected financial products, indicating a proactive approach to asset management[167]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could impact orders and sales in the automotive parts market[92]. - The company has recognized the potential impact of rising raw material prices on its operating performance, as raw materials constitute a significant portion of production costs[93]. - The company has not reported any significant changes in its internal control audit arrangements during the reporting period[158].

Financial Performance - The company's operating revenue for Q1 2022 was ¥76,534,826.20, representing a decrease of 10.13% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥9,943,656.78, down 47.85% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥7,866,988.43, a decline of 55.34% compared to the previous year[5]. - Basic and diluted earnings per share were both ¥0.07, reflecting a decrease of 50% compared to the same period last year[6]. - Net profit for Q1 2022 was ¥9,943,656.78, down 47.9% from ¥19,065,613.86 in Q1 2021[23]. - Earnings per share for Q1 2022 was ¥0.07, compared to ¥0.14 in Q1 2021, reflecting a 50% decrease[24]. Cash Flow - The net cash flow from operating activities was ¥2,479,637.28, a significant drop of 92.07% year-on-year[5]. - Cash inflow from operating activities totaled ¥102,614,859.12 in Q1 2022, down from ¥119,667,349.64 in Q1 2021, a decline of 14.3%[25]. - Cash received from sales of goods and services was ¥96,254,386.61 in Q1 2022, compared to ¥119,510,138.62 in Q1 2021, a decrease of 19.4%[25]. - The cash outflow from operating activities was 100,135,221.84, an increase of 13.5% compared to 88,387,070.12 in the previous year[26]. - The total cash and cash equivalents at the end of the period were 21,771,151.12, down 87.4% from 173,692,036.03 year-over-year[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥995,186,096.44, down 2.38% from the end of the previous year[6]. - Total current assets decreased from RMB 401,357,130.15 to RMB 352,592,107.17, a decline of approximately 12.1%[18]. - Total non-current assets increased from RMB 618,136,929.45 to RMB 642,593,989.27, an increase of about 3.9%[18]. - The total liabilities amounted to ¥109,240,531.38 as of Q1 2022, down from ¥143,486,353.96 in the previous year[19]. - Total equity attributable to shareholders was ¥885,945,565.06 in Q1 2022, an increase from ¥876,007,705.64 in Q1 2021[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,672[14]. - Zhejiang Tianpu Holdings Co., Ltd. holds 75,360,000 shares, accounting for 56.21% of total shares[14]. - The top ten shareholders collectively hold a significant portion of shares, with the largest shareholder, You Jianyi, holding 12,000,000 shares or 8.95%[14]. Operating Costs and Expenses - Total operating costs increased to ¥69,216,843.74 in Q1 2022, up from ¥67,387,963.60 in Q1 2021, representing a rise of 2.7%[21]. - Research and development expenses were ¥6,481,213.77 in Q1 2022, down from ¥7,165,686.08 in Q1 2021, a reduction of 9.6%[21]. - Financial expenses in Q1 2022 were ¥146,484.23, compared to a financial income of ¥428,812.05 in Q1 2021[21]. Other Income and Changes - Other income saw a significant increase of 243.24%, primarily due to government subsidies related to income received during the reporting period[11]. - Contract liabilities increased by 1116.12%, indicating a rise in customer prepayments[11]. - The company has no significant new product or technology developments reported in the current quarter[16]. - There are no significant mergers or acquisitions reported during the reporting period[16].

证券代码：605255 证券简称：天普股份 公告编号：2021-023 宁波市天普橡胶科技股份有限公司 关于参加"宁波辖区 2021 年度上市公司投资者 网上集体接待日活动"的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别连带责任。 为进一步加强宁波辖区上市公司与投资者特别是中小投资者的沟通交 流，增强上市公司的透明度，提升公司治理水平，促进公司规范运作，在宁 波证监局指导下，宁波上市公司协会将联合深圳市全景网络有限公司共同举 办"心系投资者 携手共行动"——宁波辖区 2021 年度上市公司投资者网 上集体接待日主题活动。活动于 2021 年 11 月 18 日下午 15:00-17：00 举行，平台登录地址为：https://rs.p5w.net/。 届时，公司高管人员将参加本次活动，通过在线文字互动交流形式，就 公司治理、发展战略、经营状况、可持续发展等投资者所关心的问题，与投 资者进行沟通与交流。欢迎广大投资者踊跃参与。 特此公告。 宁波市天普橡胶科技股份有限公司董事会 2021 年 11 月 17 日 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥70,529,628.06, a decrease of 9.83% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥8,321,626.96, down 44.51% year-on-year[5]. - The basic earnings per share decreased by 43.64% to ¥0.062, while diluted earnings per share fell by 46.36% to ¥0.059[6]. - The net profit attributable to shareholders for the current reporting period is -44.51 million, primarily due to a decrease in operating income and an increase in operating costs[11]. - The basic earnings per share for the current reporting period is -43.64 yuan, reflecting a decrease in net profit[11]. - The diluted earnings per share for the current reporting period is -46.36 yuan, also reflecting a decrease in net profit[11]. - The net profit for Q3 2021 was CNY 37,357,267.26, an increase from CNY 36,702,318.28 in Q3 2020, representing a growth of approximately 1.78%[20]. - The total profit for Q3 2021 was CNY 41,391,052.51, compared to CNY 39,961,905.25 in the same period last year, indicating an increase of about 3.55%[20]. - The operating profit for Q3 2021 was CNY 41,653,719.68, up from CNY 39,852,498.66 in Q3 2020, reflecting a growth of approximately 4.52%[20]. - The total comprehensive income for Q3 2021 was CNY 37,304,310.56, compared to CNY 36,687,138.07 in Q3 2020, indicating a growth of about 1.68%[21]. - The basic earnings per share for Q3 2021 was CNY 0.28, down from CNY 0.35 in Q3 2020, a decrease of approximately 20%[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥931,455,068.31, reflecting a decrease of 9.99% from the end of the previous year[6]. - The company's total assets as of September 30, 2021, were CNY 931,455,068.31, down from CNY 1,034,811,108.23 at the end of 2020[18]. - The total liabilities decreased to CNY 56,962,801.44 from CNY 98,334,606.78, indicating a reduction of 42.0%[17]. - The cash and cash equivalents as of September 30, 2021, were CNY 84,420,560.65, compared to CNY 198,407,224.33 at the end of 2020, showing a decrease of 57.5%[16]. - The company's inventory stood at CNY 57,493,155.85, slightly up from CNY 57,133,695.12, indicating a marginal increase of 0.6%[16]. - The total current assets decreased to CNY 418,128,821.50 from CNY 570,565,397.40, reflecting a decline of 26.7%[16]. - The long-term equity investments increased to CNY 24,832,142.29 from CNY 23,216,766.45, representing a growth of 6.9%[16]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥41,741,422.27, showing a decline of 8.37%[6]. - The cash flow from operating activities has been impacted by a decrease in export tax rebates, resulting in a year-to-date cash outflow of -87.07 million[11]. - The cash flow from operating activities for the first three quarters of 2021 was CNY 41,741,422.27, down from CNY 45,552,590.08 in the same period of 2020, a decrease of about 17.5%[24]. - The cash inflow from investment activities for the first three quarters of 2021 was CNY 539,014,009.98, compared to CNY 248,830,842.97 in the previous year, showing an increase of approximately 116.5%[24]. - The net cash flow from investment activities for the first three quarters of 2021 was -CNY 55,724,232.17, an improvement from -CNY 242,245,970.27 in the same period of 2020[24]. - The company experienced a 57.45% decrease in cash and cash equivalents at the end of the reporting period, mainly due to dividend payments[10]. - The cash received from sales and services for the year-to-date is 31.02 million, attributed to increased sales and cash collections[11]. - Cash received from investment income for the year-to-date is 208.45 million, mainly due to an increase in matured financial products and income[11]. - The cash and cash equivalents at the end of Q3 2021 were CNY 79,706,100.48, a decrease from CNY 196,363,964.95 at the end of Q3 2020[25]. - The company reported a foreign exchange loss of CNY -676,188.81 in Q3 2021, compared to a loss of CNY -15,180.21 in the same period last year[25]. - The company experienced a significant foreign exchange impact on cash and cash equivalents, amounting to 4,354.41 million due to currency fluctuations[11]. Research and Development - Research and development expenses increased by 61.34% year-to-date, indicating a commitment to innovation[10]. - Research and development expenses amounted to CNY 19,569,244.82, which is a significant increase of 61.1% compared to CNY 12,128,998.94 in the previous year[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,079[13]. - Zhejiang Tianpu Holdings Co., Ltd. holds 75,360,000 shares, representing 56.21% of the total shares, making it the largest shareholder[13]. Other Operating Income and Expenses - The company recorded a net loss of ¥222,469.95 from other operating income and expenses[10]. - The total operating costs for the same period were CNY 192,215,030.44, up from CNY 168,414,881.14, reflecting a year-over-year increase of 14.1%[19]. - The company's cash flow from operating activities has been impacted by a decrease in export tax rebates, resulting in a year-to-date cash outflow of -87.07 million[11].

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 154,854,822.67, representing a 21.48% increase compared to RMB 127,476,308.51 in the same period last year [17] - The net profit attributable to shareholders of the listed company was RMB 29,035,640.30, an increase of 33.77% from RMB 21,705,667.61 in the previous year [17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 26,232,516.95, up 24.11% from RMB 21,135,733.50 in the same period last year [17] - Revenue increased by 21.48% year-on-year, primarily due to recovery from COVID-19 impacts and expanded production scale [1] - Net profit attributable to shareholders increased by 33.77% year-on-year, driven by the rise in operating income [1] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 24.11% year-on-year [1] - Basic earnings per share remained stable at 0.22 yuan, with diluted earnings per share also at 0.22 yuan [1] Cash Flow and Assets - The net cash flow from operating activities was RMB 30,190,269.73, a decrease of 18.72% compared to RMB 37,145,687.05 in the previous year [17] - The net cash flow from operating activities decreased by 18.72% year-on-year, mainly due to increased procurement and labor costs [1] - The net assets attributable to shareholders of the listed company at the end of the reporting period were RMB 866,469,761.93, down 7.48% from RMB 936,476,501.45 at the end of the previous year [17] - Total assets decreased by 10.19%, amounting to RMB 929,372,735.91 compared to RMB 1,034,811,108.23 at the end of the previous year [17] - The company's cash and cash equivalents decreased by 25.33% to ¥148,149,544.63 from ¥198,407,224.33 at the end of the previous year [48] - Accounts receivable fell by 23.89% to ¥77,067,610.55, down from ¥101,264,127.93 at the end of the previous year [48] - Inventory decreased by 8.47% to ¥52,296,897.12, compared to ¥57,133,695.12 in the previous year [48] Research and Development - R&D expenses for the first half of 2021 amounted to 13.47 million yuan, an increase of 63.35% compared to the same period last year [42] - The company completed the development of 15 new formulas and improved 21 existing process formulas during the reporting period [42] - The company has 29 patents, including 14 invention patents and 17 utility model patents, ensuring a competitive edge in technology [39] Market and Industry Risks - The company faces risks from macroeconomic fluctuations that could lead to reduced orders and sales difficulties in the domestic market [53] - The automotive industry is significantly impacted by the ongoing effects of the COVID-19 pandemic, affecting global supply chains and market dynamics [53] - The development of new energy vehicles may impact the market demand for traditional engine components, posing a risk to the company's product lines [54] Corporate Governance and Compliance - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during the reporting period [4] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period [5] - The company has not faced any violations of decision-making procedures for providing guarantees during the reporting period [5] - The report has not been audited, but the management has ensured its accuracy and completeness [6] - The company has not faced any administrative penalties related to environmental issues during the reporting period [62] - The company’s production processes comply with national and local environmental protection requirements, with no major environmental accidents reported [61] Shareholder Information - The company has 11,115 common shareholders as of the end of the reporting period [82] - Zhejiang Tianpu Holding Co., Ltd. holds 75,360,000 shares, representing 56.21% of the total shares, making it the largest shareholder [83] - Yu Jianyi, a natural person, holds 12,000,000 shares, accounting for 8.95% of the total shares [83] Financial Statements and Accounting Policies - The financial statements have been prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy [128] - The company maintains a continuous operation basis, confirming its ability to sustain operations for at least 12 months following the reporting period [129] - The company applies the accounting treatment for business combinations under common control and non-common control, ensuring proper measurement of assets and liabilities [134] Operational Developments - The company is actively constructing new processing bases in Shanghai and Ningbo, which will enhance product upgrades and market expansion [41] - The company is advancing its information technology initiatives, including PLM and MES projects, to enhance smart manufacturing capabilities [43] - The company has collaborated on five new energy vehicle projects with major automotive manufacturers, with an expected total sales of 160 million yuan over their lifecycle [42]

Financial Performance - Net profit attributable to shareholders was CNY 19,065,613.86, representing an impressive growth of 85.96% year-on-year[5] - Operating revenue for the period was CNY 85,160,764.82, marking a significant increase of 37.52% compared to the same period last year[12] - Operating profit increased by 84.83% to CNY 21,503,541.99, driven by revenue growth[13] - Net profit grew by 85.96% to CNY 19,065,613.86, reflecting increased revenue and profit[13] - Investment income surged by 193.09% to CNY 2,223,831.51 due to higher profits from investments in associates[13] - Total operating revenue for Q1 2021 was CNY 85,160,764.82, an increase of 37.5% compared to CNY 61,924,412.62 in Q1 2020[27] - Net profit for Q1 2021 reached CNY 19,065,613.86, representing a 85.8% increase from CNY 10,252,616.88 in Q1 2020[29] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,035,800,884.26, a slight increase of 0.09% compared to the previous year[5] - Total liabilities decreased to CNY 80,204,460.65 from CNY 98,334,606.78 in the previous year[21] - The company's cash and cash equivalents stood at CNY 178,386,678.03, down from CNY 198,407,224.33 at the end of 2020[19] - Total assets as of March 31, 2021, amounted to CNY 1,035,800,884.26, slightly up from CNY 1,034,811,108.23 at the end of 2020[20] - Total liabilities decreased to CNY 114,702,156.92 from CNY 123,607,180.22 at the end of 2020, a reduction of 7.3%[25] Cash Flow - The net cash flow from operating activities was CNY 31,280,279.52, up by 6.36% from the previous year[5] - Cash flow from investment activities showed a significant increase, reaching CNY 315,376,083.89 compared to a negative CNY 31,147,857.67 in the previous year[14] - Cash inflow from investment activities in Q1 2021 was ¥149,418,400.51, significantly higher than ¥61,007,200.01 in Q1 2020[35] - The company reported a net cash outflow from financing activities of ¥366,445,425.48 in Q1 2021[35] - The total cash inflow from investment activities was CNY 115,707,471.27, significantly up from CNY 46,149,793.21 in the same period last year, marking an increase of approximately 150%[36] Shareholder Information - The number of shareholders at the end of the reporting period was 14,393[8] - The company reported a basic earnings per share of CNY 0.14, up from CNY 0.10 in the previous year[5] - Basic and diluted earnings per share for Q1 2021 were CNY 0.14, compared to CNY 0.10 in Q1 2020[29] Expenses - Sales expenses increased by 46.17% to CNY 2,482,991.82 due to higher sales revenue and increased travel and customer freight costs[13] - R&D expenses rose by 89.30% to CNY 7,165,686.08 as the company increased investment in new product development[13] - The company reported a decrease in credit impairment losses by 59.21% to CNY 481,054.10, indicating improved receivables management[13] - Research and development expenses for Q1 2021 were CNY 7,165,686.08, an increase of 89.2% compared to CNY 3,785,374.74 in Q1 2020[27] Inventory and Receivables - The company's accounts receivable decreased by 21.16% to CNY 79,840,080.47, primarily due to shortened customer payment cycles[11] - Inventory decreased to CNY 21,687,491.41 from CNY 23,234,286.18 at the end of 2020, a decline of 6.7%[24]

Financial Performance - In 2020, the company's operating revenue decreased by 11.87% to CNY 30,364.41 million compared to CNY 34,456.01 million in 2019[22]. - The net profit attributable to shareholders decreased by 19.72% to CNY 6,266.18 million, primarily due to the decline in operating revenue[24]. - The net profit after deducting non-recurring gains and losses fell by 24.46% to CNY 5,577.97 million, also attributed to the decrease in operating revenue[24]. - The net cash flow from operating activities dropped by 56.13% to CNY 5,859.51 million, reflecting reduced cash receipts from sales and lower operational expenses[24]. - The company's main business revenue for 2020 was CNY 289.515 million, a decrease of 12.26% compared to CNY 329.973 million in 2019[74]. - The company achieved a total revenue of RMB 303.64 million in 2020, a year-on-year decrease of 11.87%[51]. - The net profit attributable to shareholders was RMB 62.66 million, down 19.72% compared to the previous year[51]. - The company's operating profit was RMB 66.71 million, reflecting a decline of 21.39% year-on-year[51]. Shareholder Returns - The company plans to distribute a cash dividend of 7.45 RMB per 10 shares, totaling 99,889,600 RMB for the year 2020[6]. - The net profit attributable to ordinary shareholders for 2020 was 218,350,469.60 RMB, with a dividend payout ratio of 45.75%[103]. - No cash profit distribution plan was proposed for the parent company despite positive profits available for distribution to ordinary shareholders[105]. - The remaining undistributed profits will be retained for future use[103]. - The company has established a cash dividend policy to ensure stable returns to investors, with a three-year shareholder dividend return plan in place[102]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm[5]. - The financial report is guaranteed to be true, accurate, and complete by the board of directors and management[9]. - The audit opinion for the financial statements was a standard unqualified opinion, issued on April 25, 2021[196]. - The audit was conducted by Lixin Accounting Firm, with registered accountants Chen Yu and Bai Hongxia[196]. - The company confirmed that there were no significant deficiencies in internal controls during the reporting period[196]. Risk Management - The report includes a detailed description of potential risks faced by the company[8]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements[7]. - The company faces risks from macroeconomic fluctuations, which can directly impact the automotive manufacturing sector and its product demand[97]. - The company recognizes the potential impact of raw material price fluctuations, particularly in rubber and additives, which are closely tied to crude oil prices[99]. Corporate Governance - The company has established a robust corporate governance structure to protect the rights of shareholders and stakeholders[132]. - The company has focused on protecting the rights of minority shareholders and improving its governance structure[133]. - The board of directors consists of 7 members, including 3 independent directors, and has established four specialized committees[182]. - The company strictly adheres to the requirements of the Company Law and relevant regulations, ensuring the independence of its operations from the controlling shareholder[182]. - The company has implemented a performance evaluation mechanism for senior management, linking their annual salary to the company's profitability[191]. Research and Development - Research and development expenses increased by 23.29% to RMB 21.97 million, with 49 new formulas and 12 existing process improvements completed[49]. - The company holds 33 patents, including 16 invention patents and 17 utility model patents, ensuring it can navigate industry technology barriers[43]. - The company is focused on expanding its hydrogen fuel supply system, which is expected to enhance energy efficiency and promote emissions reduction[79]. - The company is committed to further supporting the innovation and development of new energy vehicles, as indicated by the government’s tax exemption policy for electric vehicle purchases[79]. Market Position and Strategy - The company maintained stable relationships with key clients, including Nissan and Dongfeng Nissan, and operates three production bases in Shanghai and Zhejiang[30]. - The main business remains focused on the R&D, production, and sales of polymer fluid pipeline systems and sealing system components for the automotive industry[31]. - The company is focused on expanding its market presence and enhancing its product offerings in the automotive parts sector[76]. - The company aims to enhance core competitiveness through product technology innovation and management mechanism innovation, focusing on market and customer needs[94]. Employee and Social Responsibility - The company maintained its workforce during the pandemic, adhering to the national "stabilizing employment" policy without initiating layoffs[129]. - The company actively created job opportunities and provided internships for graduating students, enhancing its recruitment efforts across major universities[130]. - The company emphasizes talent development, planning various training programs to enhance employee skills and reduce turnover rates[178]. - The company provided critical components for 70 emergency rescue vehicles during the pandemic, demonstrating its commitment to social responsibility[128]. Financial Position - The total share capital as of the end of 2020 is 134,080,000 shares[6]. - The company's total assets grew by 75.23% to RMB 1,034.81 million, and equity attributable to shareholders increased by 83.03% to RMB 936.48 million[51]. - The asset-liability ratio decreased from 13.36% at the beginning of the period to 9.5% at the end[146]. - Cash and cash equivalents at the end of the period increased by 521.24% year-on-year, amounting to CNY 198.41 million[69]. Related Party Transactions - The total amount of related party transactions for the year reached RMB 11,823,878.28[119]. - The company rented properties from related parties for a total of RMB 100,000 per year[120]. - The company engaged in sales transactions with Donghai Tianpu amounting to RMB 118,519.40[119].

Financial Performance - Operating revenue decreased by 21.32% to CNY 205,691,874.40 for the period from January to September[6] - Net profit attributable to shareholders decreased by 30.30% to CNY 36,702,318.28 for the period from January to September[6] - Basic and diluted earnings per share decreased by 32.69% to CNY 0.35[7] - Total operating revenue for Q3 2020 was ¥78,215,565.89, a decrease of 15.6% compared to ¥92,594,014.04 in Q3 2019[24] - Net profit for Q3 2020 was ¥14,996,650.67, a decline of 27.1% from ¥20,521,428.27 in Q3 2019[26] - Total profit for Q3 2020 was ¥15,400,502.15, a decrease of 33.7% from ¥23,187,964.00 in Q3 2019[26] - The company reported a total comprehensive income of ¥14,965,458.88 for Q3 2020, down 27.1% from ¥20,503,241.60 in Q3 2019[27] - Operating profit for Q3 2020 was ¥15,373,570.96, a decline of 33.6% compared to ¥23,187,964.00 in Q3 2019[26] - The net profit for Q3 2020 was CNY 2,466,974.37, a decrease from CNY 18,934,993.71 in Q3 2019, representing a decline of approximately 87%[30] - Operating profit for Q3 2020 was CNY 2,671,829.75, down from CNY 21,730,953.56 in the same quarter last year, indicating a decrease of about 88%[30] Assets and Liabilities - Total assets increased by 69.04% to CNY 998,245,059.33 compared to the end of the previous year[6] - Total liabilities increased to CNY 85,981,666.54 from CNY 77,019,549.36 year-over-year[18] - Total liabilities increased to CNY 87.74 billion from CNY 78.88 billion, representing a growth of approximately 10.4% year-over-year[19] - Current assets totaled CNY 530.68 million, significantly higher than CNY 171.34 million, reflecting a growth of approximately 209.5%[21] - Non-current assets increased to CNY 406.60 million from CNY 380.00 million, showing a growth of about 7%[21] - Total liabilities amounted to CNY 78,882,247.54, with current liabilities at CNY 77,019,549.36[40] - Total assets amounted to CNY 551,340,615.82, with current assets at CNY 171,340,568.85 and non-current assets at CNY 380,000,046.97[44] - Total liabilities reached CNY 105,028,420.14, with current liabilities at CNY 104,265,480.62 and non-current liabilities at CNY 762,939.52[45] Shareholder Information - The total number of shareholders reached 15,304 at the end of the reporting period[10] - Zhejiang Tianpu Holdings holds 56.21% of the shares, making it the largest shareholder[10] - The company’s total equity attributable to shareholders increased by 77.95% to CNY 910,505,245.61 from CNY 511,652,975.46 year-over-year[13] - Total equity rose to CNY 910.51 million, up from CNY 511.65 million, marking an increase of about 77.9%[19] - Shareholders' equity totaled CNY 446,312,195.68, including paid-in capital of CNY 100,560,000.00 and undistributed profits of CNY 92,266,353.04[45] Cash Flow - Net cash flow from operating activities decreased by 56.25% to CNY 45,552,590.08 for the period from January to September[6] - Operating cash flow net amount decreased by 56.25% to CNY 45,552,590.08 from CNY 104,112,639.84 year-over-year[16] - Cash flow from operating activities for Q3 2020 was CNY 45,552,590.08, significantly lower than CNY 104,112,639.84 in Q3 2019, a decrease of approximately 56%[34] - The company’s total operating cash inflow decreased by 34.9% to CNY 145,290,199.36 from CNY 223,455,624.96 in the previous year[36] - The company’s net cash flow from financing activities was CNY 381,023,373.70, a substantial increase from CNY 7,636,456.04 in Q3 2019[37] Investment Activities - Cash flow from investing activities showed a net outflow of CNY 242,245,970.27 in Q3 2020, compared to a net outflow of CNY 104,189,367.69 in Q3 2019, indicating a worsening investment position[35] - The company reported a significant increase in cash outflow for investment activities, totaling CNY 634,236,250.93, compared to CNY 241,261,324.79 in the previous year[37] - The company raised CNY 362,165,132.08 from new investments in Q3 2020, compared to CNY 29,160,000.00 in the same quarter of 2019[37] Other Financial Metrics - The company reported a significant increase in other income by 145.56% to CNY 475,685.00 from CNY 193,714.94 year-over-year[14] - The company reported a decrease in employee compensation payable to CNY 3.21 million from CNY 4.59 million, a decline of about 30%[22] - The capital reserve increased significantly to CNY 568.64 million from CNY 239.99 million, reflecting a growth of approximately 137.5%[22] - The company’s retained earnings rose to CNY 194.30 million from CNY 157.59 million, an increase of about 23.3%[19] - Research and development expenses for Q3 2020 were ¥3,880,640.33, down 25.3% from ¥5,192,378.89 in Q3 2019[24] - Research and development expenses increased to CNY 3,591,220.05 in Q3 2020, compared to CNY 2,840,045.15 in Q3 2019, reflecting a growth of approximately 27%[30]