证券代码：605333 证券简称：沪光股份 公告编号：2023-031 昆山沪光汽车电器股份有限公司 关于首次公开发行部分限售股上市流通的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为首发股份；股票认购方式为网下，上市股数为 338,430,000 股。 本次股票上市流通总数为 338,430,000 股。 本次股票上市流通日期为 2023 年 8 月 18 日。 一、本次限售股上市类型 2020 年 6 月 7 日，经中国证券监督管理委员会《关于核准昆山沪光汽车电器 股份有限公司首次公开发行股票的批复》（证监许可[2020]1093 号）核准，昆山沪 光汽车电器股份有限公司（以下简称"公司"）首次公开发行人民币普通股（A 股） 股票 4,010 万股，并于 2020 年 8 月 18 日在上海证券交易所挂牌上市。发行完成后 总股本为 401,000,000 股，其中有限售条件流通股 360,900,000 股，无限售条件流 通股 40,100,000 股，具体内容详见公司于 20 ...

中信建投证券股份有限公司 关于昆山沪光汽车电器股份有限公司 首次公开发行部分限售股上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐机构"）为 昆山沪光汽车电器股份有限公司（以下简称"公司"、"沪光股份"）首次公开发 行股票并上市和非公开发行股票并上市的保荐机构，根据《中华人民共和国公司 法》《中华人民共和国证券法》《证券发行上市保荐业务管理办法》《上海证券交 易所股票上市规则》以及《上海证券交易所上市公司自律监管指引第 11 号—— 持续督导》等有关规定，对沪光股份首次公开发行部分限售股上市流通的事项进 行了审慎核查，核查情况如下： 一、本次上市流通的限售股类型 2020 年 6 月 7 日，经中国证券监督管理委员会《关于核准昆山沪光汽车电 器股份有限公司首次公开发行股票的批复》（证监许可[2020]1093 号）核准，昆 山沪光汽车电器股份有限公司首次公开发行人民币普通股（A 股）股票 40,100,000 股，并于 2020 年 8 月 18 日在上海证券交易所挂牌上市。发行完成后总股本为 401,000,000 股，其中有限售条件流通股 360,900,000 股，无限售条 ...

证券代码：605333 证券简称：沪光股份 公告编号：2023-020 昆山沪光汽车电器股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2023 年 05 月 17 日(星期三)至 05 月 23 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 ir@kshg.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。 昆山沪光汽车电器股份有限公司（以下简称"公司"）已于 2023 年 4 月 26 日发布了公司《2022 年年度报告及摘要》《关于 2022 年度拟不进行利润分配的 公告》等公告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、 财务状况及利润分配情况，公司计划于 2023 年 05 月 24 日下午 15:00-16:30 举 行 2022 ...

Financial Performance - The company's operating revenue for 2022 was approximately CNY 3.28 billion, representing a 33.91% increase compared to CNY 2.45 billion in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 41.07 million, a significant recovery from a loss of CNY 1.06 million in 2021[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31.80 million, compared to a loss of CNY 2.46 million in the previous year[18]. - The total assets of the company at the end of 2022 reached CNY 4.48 billion, an increase of 53.36% from CNY 2.92 billion at the end of 2021[18]. - The net assets attributable to shareholders increased by 97.75% to CNY 1.49 billion at the end of 2022, up from CNY 751.39 million at the end of 2021[18]. - The company achieved a total revenue of 327,789.05 million RMB in 2022, representing a year-on-year growth of 33.91%[47]. - The net profit attributable to shareholders reached 4,106.63 million RMB, a significant increase of 3988.03% compared to the previous year[47]. - The total assets as of December 31, 2022, amounted to 448,485.91 million RMB, reflecting a 53.36% increase from the previous year[47]. Cash Flow and Dividends - The company reported a net cash flow from operating activities of approximately -CNY 237 million in 2022, worsening from -CNY 209 million in 2021[18]. - The company plans not to distribute cash dividends or issue bonus shares for the 2022 fiscal year, considering industry conditions and funding needs[4]. - Cash and cash equivalents at the end of the period amounted to ¥272,896,205.79, representing 6.08% of total assets, a decrease from 7.57% in the previous period[67]. - The company’s net assets attributable to shareholders increased by 97.75% to 148,590.08 million RMB by the end of 2022[47]. Market and Production - The company focused on expanding its market share in new energy high-voltage harnesses and optimizing customer/product structure[30]. - The company secured supplier qualifications for major automotive manufacturers, including Great Wall Motors and Volvo, to participate in new project bids[30]. - In 2022, the company achieved mass production for several projects, including low-voltage harnesses for traditional fuel vehicles and high-voltage harnesses for new energy vehicles[30]. - The domestic passenger car market saw production and sales of 23.83 million and 23.56 million units, respectively, with year-on-year growth of 11.2% and 9.5%[28]. - The company benefited from the recovery of the passenger car industry and the rapid growth of new energy vehicles, leading to improved profitability[28]. - The company aims to leverage its R&D and production advantages to capture opportunities in the new energy vehicle market, enhancing its market share[41]. Research and Development - Research and development expenses rose to 161,743.17 million RMB, marking a 31.77% increase year-on-year as the company invested in new projects and technologies[48]. - The company has significantly increased its R&D personnel to support new projects and technology development, enhancing its competitive position in the automotive harness sector[64]. - The company is investing in the construction of a smart factory in Kunshan to enhance production efficiency and integrate digital technologies[87]. Corporate Governance and Compliance - The company has received a standard unqualified audit opinion from its accounting firm, ensuring the accuracy and completeness of the financial report[3]. - The board of directors and supervisory board operate independently, ensuring no interference from the controlling shareholder[99]. - The company emphasizes transparency and timely information disclosure to all stakeholders[99]. - The company has implemented measures to ensure the independence of its operations from the controlling shareholder[100]. Share Issuance and Ownership - The company raised a total of RMB 703 million through a private placement of 35,776,081 shares at RMB 19.65 per share, which will help optimize its capital structure and reduce debt ratio[36]. - The total number of shares increased from 401,000,000 to 436,776,081 after the issuance[170]. - The largest shareholder, Cheng Sanrong, holds 262,000,000 shares, representing 59.98% of the total shares[179]. - The second largest shareholder, Jin Chengcheng, holds 65,500,000 shares, accounting for 15.00% of the total shares[179]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[5]. - The company is actively working to mitigate risks associated with raw material price fluctuations, particularly copper, by implementing price adjustment mechanisms with clients[92]. Environmental and Social Responsibility - The company invested CNY 68.87 million in environmental protection during the reporting period[133]. - The company implemented carbon reduction measures that resulted in a decrease of 3,190 tons of CO2 equivalent emissions[136]. - The total contribution for public welfare projects was CNY 21.78 million during the reporting period[137]. Future Outlook - The company anticipates a 3% year-on-year increase in total domestic automotive sales in 2023, with new energy vehicles expected to reach 9 million units, growing 35%[90]. - The company provided guidance for 2023, projecting revenue growth of 15% to 1.725 billion, driven by new product launches and market expansion efforts[104].

Financial Performance - The company's operating revenue for Q1 2023 was ¥654,751,347.03, representing a decrease of 12.72% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of ¥24,911,602.00, a decline of 453.29% year-on-year[4] - Basic and diluted earnings per share were both -¥0.06, reflecting a 400% decrease compared to the previous year[4] - Operating profit for Q1 2023 was a loss of CNY 29,790,163.87, compared to a profit of CNY 6,973,048.10 in Q1 2022[14] - Net profit for Q1 2023 was a loss of CNY 29,493,192.37, compared to a profit of CNY 7,008,710.11 in Q1 2022[14] - Total comprehensive income for Q1 2023 was -24,003,993.46 RMB, down from 6,960,255.88 RMB in the same period last year[15] - The company reported a significant decline in net profit due to weak demand in the automotive market, leading to reduced orders and production efficiency[4] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥76,905,587.01, indicating a significant cash outflow[4] - Operating cash flow for Q1 2023 was -76,905,587.01 RMB, a decrease from -3,886,890.80 RMB in Q1 2022, reflecting worsening cash flow conditions[17] - Cash inflow from operating activities totaled 800,079,465.23 RMB, up from 668,673,768.30 RMB in Q1 2022, showing an increase of approximately 19.6%[17] - Cash outflow from operating activities increased to 876,985,052.24 RMB in Q1 2023, compared to 672,560,659.10 RMB in Q1 2022, representing a rise of about 30.4%[17] - The company raised 510,000,000.00 RMB through financing activities in Q1 2023, compared to 265,000,000.00 RMB in Q1 2022, marking a growth of approximately 92.5%[18] - The net cash flow from financing activities was 262,713,448.34 RMB in Q1 2023, up from 149,119,336.97 RMB in Q1 2022, indicating a significant increase of about 76.3%[18] - The ending cash and cash equivalents balance for Q1 2023 was 187,173,042.59 RMB, compared to 44,811,607.44 RMB at the end of Q1 2022, reflecting a substantial increase[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,529,460,007.69, a slight increase of 0.99% from the end of the previous year[5] - Total assets as of March 31, 2023, were CNY 4,529,460,007.69, compared to CNY 4,484,859,067.95 at the end of 2022, reflecting a slight increase of 1.0%[12] - Total liabilities increased to CNY 3,067,563,230.06 from CNY 2,998,958,296.86, an increase of 2.3%[12] - The equity attributable to shareholders decreased by 1.62% to ¥1,461,896,777.63 compared to the end of the previous year[5] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,920[6] - Major shareholder 成三荣 holds 59.98% of the shares, indicating a strong control over the company[7] Other Financial Metrics - Non-recurring gains and losses amounted to ¥2,826,085.35, primarily from government subsidies and other income[5] - Cash and cash equivalents increased to CNY 369,511,988.60 as of March 31, 2023, up from CNY 272,896,205.79 at the end of 2022, representing a growth of 35.4%[10] - Accounts receivable decreased to CNY 1,091,936,598.85 from CNY 1,216,722,180.97, a decline of 10.3%[10] - Inventory decreased to CNY 707,151,064.49 from CNY 749,319,760.42, a reduction of 5.6%[10] - Short-term borrowings increased to CNY 923,737,347.22 from CNY 680,632,513.89, an increase of 36.0%[11] - The company reported a basic and diluted earnings per share of -0.06 RMB for Q1 2023, down from 0.02 RMB in Q1 2022[15] - Other comprehensive income after tax for Q1 2023 was 907,608.54 RMB, compared to -91,097.14 RMB in Q1 2022, indicating a positive turnaround[15]

Financial Performance - The company's operating revenue for the third quarter reached ¥945,162,876.69, an increase of 44.12% compared to the same period last year[7]. - The net profit attributable to shareholders was ¥19,554,477.20, reflecting a slight increase of 1.69% year-on-year, while the net profit after deducting non-recurring gains and losses decreased by 63.08%[7]. - Total operating revenue for the first three quarters of 2022 reached ¥2,327,295,657.20, a significant increase of 42.0% compared to ¥1,640,424,390.75 in the same period of 2021[22]. - Net profit for the first three quarters of 2022 was ¥16,746,092.71, down 63.0% from ¥45,352,350.02 in the previous year[23]. - The company reported a decrease in comprehensive income total to ¥17,033,908.40, down 62.3% from ¥45,207,398.96 in the previous year[23]. - Basic earnings per share for the reporting period were ¥0.05, a decrease of 63.64% compared to the previous year[8]. - The basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.04, a decrease from ¥0.11 in the same period of 2021[23]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,211,010,346.02, representing a 44.00% increase compared to the end of the previous year[8]. - The company's current assets totaled RMB 2,596,993,802.90, up from RMB 1,898,367,687.43 in the previous year, indicating a year-over-year increase of about 36.8%[19]. - The company's total liabilities amounted to RMB 2,750,649,727.58, up from RMB 2,172,961,394.02, representing an increase of about 26.5%[20]. - The equity attributable to shareholders increased by 94.36% to ¥1,460,360,618.44, primarily due to the completion of a private placement of shares during the year[8]. - The equity attributable to shareholders reached RMB 1,460,360,618.44, a significant rise from RMB 751,385,290.35, indicating an increase of approximately 94.3%[20]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥221,886,453.72, attributed to increased procurement of raw materials and a slower cash collection from customers[10]. - The net cash flow from operating activities for the first three quarters of 2022 was -¥221,886,453.72, compared to -¥43,682,424.97 in the previous year, indicating a worsening cash flow situation[25]. - The total cash inflow from financing activities reached 1,481,051,878.56, significantly higher than 520,300,000.00 in the same period last year[27]. - The net cash flow from financing activities was 938,948,651.71, up from 169,846,610.90 year-over-year[27]. - The cash and cash equivalents at the end of the period totaled 200,414,872.60, compared to 17,668,667.05 at the end of the previous year[27]. - The company experienced a net increase in cash and cash equivalents of 163,198,649.44, contrasting with a decrease of -15,685,234.35 in the prior year[27]. Costs and Expenses - The company experienced a significant decline in net profit due to rising raw material and labor costs, as well as losses from a newly established wholly-owned subsidiary[10]. - Total operating costs for the first three quarters of 2022 were ¥2,324,882,197.15, up 45.4% from ¥1,600,534,081.16 in the same period of 2021[22]. - Research and development expenses increased to ¥113,268,077.44, representing a rise of 39.2% from ¥81,336,232.04 in the same period last year[22]. - The company incurred sales expenses of ¥8,687,290.07, which is an increase from ¥7,043,320.44 in the same period last year[22]. - The company’s financial expenses rose to ¥34,832,926.52, compared to ¥24,273,810.58 in the previous year, reflecting increased borrowing costs[22]. Investments and Financing - The total cash outflow from investment activities amounted to 557,007,115.81, compared to 145,107,537.80 in the previous year[27]. - The net cash flow from investment activities was -553,795,945.23, a decrease from -141,843,897.96 year-over-year[27]. - The company repaid debts amounting to 503,365,394.44, compared to 303,606,991.67 in the previous year[27]. - The company distributed dividends and interest payments totaling 33,362,794.49, down from 46,846,397.43 year-over-year[27]. Other Information - The company has not disclosed any new product or technology developments, market expansions, or mergers and acquisitions during this reporting period[15]. - The company is implementing new accounting standards starting from 2022, which may affect the financial statements[27].

Financial Performance - The company's operating revenue for the third quarter reached ¥945,162,876.69, an increase of 44.12% compared to the same period last year[7]. - The net profit attributable to shareholders was ¥19,554,477.20, reflecting a slight increase of 1.69% year-on-year, while the net profit after deducting non-recurring gains and losses decreased by 63.08%[7]. - Total operating revenue for the first three quarters of 2022 reached ¥2,327,295,657.20, a significant increase of 42.0% compared to ¥1,640,424,390.75 in the same period of 2021[22]. - Net profit for the first three quarters of 2022 was ¥16,746,092.71, down 63.0% from ¥45,352,350.02 in the previous year[23]. - The company reported a decrease in comprehensive income to ¥17,033,908.40, down 62.3% from ¥45,207,398.96 in the same period of 2021[23]. - Basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.04, compared to ¥0.11 in the same period of 2021[23]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,211,010,346.02, representing a 44.00% increase compared to the end of the previous year[8]. - The company's current assets amounted to RMB 2,596,993,802.90, up from RMB 1,898,367,687.43, indicating a year-over-year increase of about 36.8%[16]. - Total liabilities increased to RMB 2,750,649,727.58 from RMB 2,172,961,394.02, representing a rise of about 26.5%[20]. - The company reported a significant increase in fixed assets, which rose to RMB 1,039,279,494.70 from RMB 726,848,018.15, a growth of approximately 42.9%[19]. Shareholder Equity - The equity attributable to shareholders increased by 94.36% to ¥1,460,360,618.44, primarily due to the completion of a private placement of shares during the year[8]. - The company's equity attributable to shareholders rose to RMB 1,460,360,618.44 from RMB 751,385,290.35, indicating an increase of approximately 94.3%[20]. - The company had a total of 7,575 common shareholders at the end of the reporting period, with the top ten shareholders holding significant stakes[12]. Cash Flow - The company reported a net cash flow from operating activities of -¥221,886,453.72 for the year-to-date period, indicating cash outflows due to increased raw material purchases[7]. - The net cash flow from operating activities for the first three quarters of 2022 was negative at -¥221,886,453.72, compared to -¥43,682,424.97 in the same period of 2021[25]. - The net cash flow from investing activities was -$553.8 million, compared to -$141.8 million in the previous year[27]. - The total cash inflow from financing activities was $1.48 billion, significantly higher than $520.3 million in the same period last year[27]. - The net cash flow from financing activities reached $938.9 million, up from $169.8 million year-over-year[27]. - The cash and cash equivalents at the end of the period totaled $200.4 million, an increase from $17.7 million in the previous year[27]. - The company reported a cash outflow of $542.1 million from financing activities, compared to $350.5 million last year[27]. - The cash inflow from borrowings was $784 million, compared to $520.3 million in the previous year[27]. - The cash outflow for the acquisition of fixed assets and other long-term assets was $557 million, up from $145.1 million year-over-year[27]. - The company’s cash and cash equivalents increased by $163.2 million during the period, contrasting with a decrease of $15.7 million in the previous year[27]. Costs and Expenses - The company experienced a significant decline in net profit due to rising raw material and labor costs, as well as losses from a newly established wholly-owned subsidiary[10]. - Total operating costs for the first three quarters of 2022 were ¥2,324,882,197.15, up 45.4% from ¥1,600,534,081.16 in the previous year[22]. - Research and development expenses increased to ¥113,268,077.44, representing a rise of 39.2% from ¥81,336,232.04 in the prior year[22]. - The company’s financial expenses rose to ¥34,832,926.52, an increase of 43.4% from ¥24,273,810.58 in the same period of 2021[22]. - The company’s tax expenses for the first three quarters of 2022 were ¥2,047,306.28, down from ¥4,927,417.19 in the previous year[23]. Future Plans - The company plans to expand its production capacity and launch new projects to drive future revenue growth[10]. - The company has not disclosed any new product developments or market expansion strategies in the current report[15].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,382,132,780.51, representing a 40.37% increase compared to ¥984,602,609.95 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥2,808,384.49, a decrease of 110.75% from a profit of ¥26,121,978.15 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,172,665.27, down 132.71% from ¥21,926,168.14 in the same period last year[18]. - Basic earnings per share for the first half of the year were -0.007 yuan, a decrease of 111.67% compared to the same period last year[20]. - Diluted earnings per share for the first half of the year were -0.007 yuan, reflecting a decrease of 111.67% year-over-year[20]. - The weighted average return on equity decreased by 3.56 percentage points to -0.37% compared to the same period last year[20]. - The company reported a net profit of CNY 1,917,542.80 for the first half of 2022, down from CNY 3,011,731.50 in the same period of 2021, indicating a decline of about 36.3%[113]. - The company reported a total comprehensive income of 8,301,205.20 CNY for the current period, compared to 43,699,542.47 CNY in the previous period, indicating a significant decrease[138]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥13,679,172.11, compared to -¥47,797,106.18 in the previous year[18]. - Cash and cash equivalents increased by 296.45% to ¥877,272,281.86, accounting for 21.51% of total assets[37]. - Cash inflow from financing activities totaled ¥1,213,051,878.56, compared to ¥245,300,000.00 in the previous year, indicating a substantial increase of 394.5%[121]. - The net cash flow from financing activities was ¥1,027,074,253.51, a rise from ¥150,291,389.24, representing an increase of 584.5%[121]. - Cash and cash equivalents at the end of the period reached ¥728,074,410.80, compared to ¥58,134,599.53 at the end of the previous year, marking a growth of 1,150.5%[121]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,078,496,443.22, an increase of 39.47% from ¥2,924,346,684.37 at the end of the previous year[18]. - The total liabilities increased to CNY 2,339,039,033.32 from CNY 2,186,207,380.38, marking an increase of about 7.0%[113]. - The total current assets increased to CNY 2,663,024,179.97, up from CNY 1,898,367,687.43, representing a growth of approximately 40.3%[105]. - The total amount of guarantees provided by the company during the reporting period was RMB 7,000 million, accounting for 9.32% of the company's net assets[90]. - The total liabilities amounted to ¥2,638,061,870.47, compared to ¥2,172,961,394.02, representing an increase of approximately 21.4%[108]. Market Position and Strategy - The company aims to enhance its market position by focusing on high-voltage wiring harnesses for new energy vehicles and lightweight aluminum harnesses[26]. - The automotive industry in China saw a 6.0% increase in passenger car production and a 3.4% increase in sales year-over-year in the first half of 2022[25]. - The market share of new energy vehicles reached 21.6%, with production and sales increasing by 120% year-over-year[25]. - The company is actively expanding production capacity, with multiple automated production lines for new energy high-voltage wiring harnesses already designed and in trial production[33]. Risks and Challenges - The company experienced a significant impact on operations due to the pandemic, leading to lower customer demand, particularly in Shanghai and surrounding areas[20]. - Raw material costs increased due to high prices and transportation disruptions caused by the pandemic, raising procurement and shipping costs[20]. - Labor costs rose as many employees were idled due to pandemic control measures, leading to increased unit labor costs[20]. - The company has described potential risks in the report, urging investors to pay attention to investment risks[6]. Shareholder and Governance Matters - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6]. - The company has committed to ensuring that any share transfers comply with legal and regulatory requirements, maintaining the stability of its stock price[71]. - The company’s controlling shareholder committed to avoiding unnecessary related party transactions and ensuring the necessity and fairness of necessary transactions[64]. - The company has received regulatory warnings from the CSRC and Shanghai Stock Exchange for failing to timely disclose the 2021 annual performance forecast, which has been recorded in the integrity archives of the securities and futures market[82]. Research and Development - The company is focusing on new product development, with projects like the small square aluminum wire application entering substantial project phases[33]. - The company has established a fully automated high-voltage wiring harness production line, which has been applied in projects for major clients such as Ideal Auto and Volkswagen[30]. - The company’s research and development expenses for the first half of 2022 were CNY 21,893,099.58, compared to CNY 14,432,841.22 in the previous year, indicating an increase of approximately 51.7%[113]. Accounting and Financial Reporting - The financial statements are prepared based on the "Enterprise Accounting Standards" and reflect the company's financial position as of June 30, 2022, and the operating results for the first half of 2022[148]. - The company confirms that its financial statements comply with the requirements of the Enterprise Accounting Standards, ensuring a true and complete reflection of its financial status[148]. - The company recognizes financial assets and liabilities when it becomes a party to a financial instrument contract[158].

Financial Performance - The company achieved a total revenue of CNY 2,447,839,838.63 in 2021, representing a year-on-year increase of 59.86%[25]. - The net profit attributable to shareholders was CNY -1,056,223.78, a decline of 101.42% compared to the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY -2,462,082.58, down 103.74% year-on-year[25]. - The total assets at the end of 2021 reached CNY 2,924,346,684.37, an increase of 51.55% from the previous year[25]. - The net assets attributable to shareholders decreased by 3.77% to CNY 751,385,290.35 at the end of 2021[25]. - The company reported a negative cash flow from operating activities of CNY -208,977,337.47, a decline of 359.18% compared to the previous year[25]. - The basic earnings per share for 2021 was CNY -0.003, down from CNY 0.20 in 2020[25]. - The company achieved a total revenue of CNY 2,447,839,838.63 in 2021, representing a year-on-year growth of 59.86%[47]. - The company's total assets reached CNY 292,434.67 million by the end of 2021, an increase of 51.55% compared to the previous year[47]. - The net profit attributable to shareholders was CNY -105.62 million, a decline of 101.42% year-on-year[47]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[5]. - The company has engaged Lixin Certified Public Accountants for auditing services[21]. - The internal control audit for 2021 was conducted by Lixin Accounting Firm, confirming effective financial reporting controls with a standard unqualified opinion[133]. - The audit report confirms that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2021[184]. Market and Industry Trends - The automotive wiring harness industry is expected to benefit from the shift towards electric vehicles, with projections indicating that by 2025, around 20% of new car sales will be electric[40]. - The company is focusing on new materials and technologies, with plans to promote aluminum wire in high-voltage harnesses and advance low-voltage harness product validation for mass production in 2022[40]. - The company is actively pursuing smart manufacturing and has optimized its high-voltage harness production line, achieving full automation and improved efficiency[37]. - New energy vehicle production and sales surged by 169.5% and 167.5%, totaling 3.359 million and 3.334 million units respectively, indicating a strong market demand[40]. - The company has established stable partnerships with major automotive manufacturers, including Volkswagen, Daimler, and Ford, enhancing its brand influence in the automotive wiring harness sector[43]. Research and Development - The company increased its R&D personnel and investment significantly to enhance competitiveness and meet customer demands for new models[27]. - Research and development expenses increased by 54.24% to CNY 122,743,184.30, driven by the hiring of additional R&D personnel for new projects[49]. - The company has invested in a significant number of R&D personnel to enhance its capabilities in the automotive high and low voltage harness sector[66]. - The total R&D expenditure for the period was ¥122,743,184.30, accounting for 5.01% of operating revenue[64]. - The company has 456 R&D personnel, representing 8.85% of the total workforce[65]. Governance and Management - The company ensures the independence of its assets, personnel, finance, organization, and business from its controlling shareholders[104]. - The board of directors is elected according to legal procedures, and the composition meets regulatory requirements[103]. - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management[103]. - The company maintains a transparent voting process for shareholders, ensuring equal rights for all investors[102]. - The company has a diverse management team with varying backgrounds and experiences in different sectors[107]. Risks and Challenges - The company is exposed to raw material price fluctuations, particularly copper, which is subject to market demand and economic cycles; strategies are in place to mitigate these risks through pricing adjustments[95]. - The company faces risks related to declining product prices as automotive manufacturers may demand lower prices over time; competitive advantages in quality and cost control are being leveraged to maintain customer relationships[96]. - Ongoing challenges from the COVID-19 pandemic and semiconductor shortages are impacting the automotive industry, necessitating proactive measures to ensure operational continuity and supply chain resilience[98]. - The rapid pace of technological updates in the automotive industry poses risks in new product development, requiring close collaboration with clients and adherence to stringent certification processes[97]. Shareholder and Capital Structure - The largest shareholder, Cheng Sanrong, holds 262,000,000 shares, representing 65.34% of the total shares[172]. - The second-largest shareholder, Jin Chengcheng, holds 65,500,000 shares, accounting for 16.33% of the total shares[172]. - The top five customers contributed CNY 193,258.25 million in sales, accounting for 78.95% of total annual sales[62]. - The company has committed to not transferring shares for 36 months post-IPO by major shareholders and board members, ensuring stability in ownership[140]. - The company has not experienced any changes in control during the reporting period[175]. Environmental and Social Responsibility - The company implemented a rooftop photovoltaic power generation project with a capacity of 2.79 MW, generating approximately 2.8 million kWh annually to reduce carbon emissions[136]. - The company strictly adhered to environmental protection standards, with all emission indicators meeting national requirements in 2021[136]. - The company has a comprehensive employee welfare system, providing social security benefits including pension, medical, and housing funds[137]. Future Outlook - The company plans to initiate a non-public stock issuance to enhance production capacity and technology upgrades, aiming to reduce costs and improve efficiency[88]. - The company aims to expand its market share in high and low voltage wiring harnesses while optimizing its product and customer structure[89]. - Future outlook includes continued investment in technology and potential acquisitions to drive growth[200].

Financial Performance - The company's operating revenue for Q1 2022 was ¥750,158,873.36, representing an increase of 84.46% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥7,051,353.02, showing a slight decrease of 1.98% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,008,271.56, down by 21.04% compared to the previous year[5]. - Total operating revenue for Q1 2022 was $750.16 million, a significant increase from $406.67 million in Q1 2021, representing an 84.4% growth[32]. - Net profit for Q1 2022 was $7.05 million, slightly down from $7.19 million in Q1 2021, indicating a decrease of 2.0%[34]. - The total profit for Q1 2022 was $7.01 million, down from $7.99 million in Q1 2021, a decrease of 12.4%[34]. - The basic earnings per share for Q1 2022 remained stable at $0.02, unchanged from Q1 2021[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,075,649,760.67, an increase of 5.17% from the end of the previous year[8]. - As of March 31, 2022, total assets reached RMB 3,075,649,760.67, an increase from RMB 2,924,346,684.37 at the end of 2021, reflecting a growth of approximately 5.2%[26]. - Total liabilities amounted to RMB 2,317,304,214.44, up from RMB 2,172,961,394.02, indicating an increase of about 6.6%[28]. - The company's equity attributable to shareholders reached RMB 758,345,546.23, up from RMB 751,385,290.35, indicating a growth of about 0.9%[28]. - The company's total liabilities to total assets ratio was approximately 75.4% as of March 31, 2022, compared to 74.4% at the end of 2021[28]. Cash Flow - The company reported a net cash flow from operating activities of -¥3,886,890.80, indicating a negative cash flow situation[5]. - Cash flow from operating activities in Q1 2022 was negative at -$3.89 million, an improvement from -$95.57 million in Q1 2021[38]. - Total cash inflow from operating activities in Q1 2022 was $668.67 million, compared to $310.07 million in Q1 2021, an increase of 115.5%[38]. - Net cash flow from investing activities was -137,609,917.75, a decrease of 46,716,726.95 compared to the previous period[39]. - Cash inflow from financing activities totaled 265,000,000.00, an increase of 125,056,003.57 compared to the previous period[39]. - The net increase in cash and cash equivalents was 7,595,384.28, contrasting with a decrease of 17,302,797.05 in the previous period[39]. - The ending balance of cash and cash equivalents reached 44,811,607.44, up from 16,051,104.35 in the previous period[39]. Expenses - The company's management expenses rose by 48.64% as a result of the need to recruit mid-to-senior level management personnel[11]. - Research and development expenses rose to $32.02 million in Q1 2022, up from $27.43 million in Q1 2021, marking an increase of 16.5%[32]. - Total operating costs in Q1 2022 were $746.77 million, compared to $401.21 million in Q1 2021, reflecting an increase of 85.9%[32]. Other Financial Metrics - The weighted average return on equity was 0.93%, which increased by 0.01 percentage points[5]. - The company recorded non-recurring gains of ¥2,043,081.46, primarily from government subsidies and other income[9]. - Other comprehensive income after tax for Q1 2022 was -$91.10 million, slightly better than -$96.55 million in Q1 2021[34]. - The company experienced a significant increase in accounts receivable financing, up by 310.41% due to unendorsed bank acceptance bills[11]. - Accounts receivable increased to RMB 1,136,560,256.49 from RMB 1,108,635,125.47, showing a rise of about 2.5%[23]. - Short-term borrowings rose to RMB 773,059,713.40, compared to RMB 660,997,747.85, reflecting an increase of approximately 16.9%[26]. - The company's current assets totaled RMB 1,951,389,902.17, compared to RMB 1,898,367,687.43 as of December 31, 2021, representing a growth of approximately 2.8%[23]. - Cash and cash equivalents were reported at RMB 233,047,128.64, an increase from RMB 221,279,579.91 year-over-year[23]. - The company reported a decrease in inventory to RMB 403,740,827.69 from RMB 410,222,454.37, indicating a decline of about 1.2%[23]. - The non-current assets totaled RMB 1,124,259,858.50, an increase from RMB 1,025,978,996.94, reflecting a growth of approximately 9.6%[26].