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]