[Financial and Operating Summary](index=1&type=section&id=%E8%B4%A2%E5%8A%A1%E4%B8%8E%E7%BB%8F%E8%90%A5%E6%91%98%E8%A6%81) [Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company achieved significant revenue growth and a year-to-date net profit turnaround, despite a Q3 loss from rising costs, with operating cash flow pressured by increased working capital [Core Financial Indicators](index=1&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Q3 operating revenue grew 26.01% year-over-year, but net profit attributable to shareholders declined 275.48% to a loss; year-to-date, revenue increased 53.22%, and net profit attributable to shareholders rose 160.48%, achieving a turnaround, with total assets up 19.45% | Indicator | Current Period (Q3 2021) | YoY Change (Current Period) | Year-to-Date (YTD Q3 2021) | YoY Change (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,281,103,409.32 | 26.01% | 3,789,082,503.62 | 53.22% | | Net Profit Attributable to Shareholders (RMB) | -17,395,040.56 | -275.48% | 27,992,151.31 | 160.48% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 28,463,331.67 | 549.39% | 117,691,996.03 | 349.93% | | Net Cash Flow from Operating Activities (RMB) | — | — | -71,370,435.99 | -123.66% | | Basic Earnings Per Share (RMB/share) | -0.0054 | -237.50% | 0.0086 | 157.72% | | Total Assets (RMB) | 10,044,489,294.61 | 19.45% (vs. end of prior year) | — | — | | Total Equity Attributable to Shareholders (RMB) | 5,415,983,525.10 | 9.14% (vs. end of prior year) | — | — | [Non-recurring Gains and Losses](index=2&type=section&id=%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled **-RMB 45.86 million** for the current period and **-RMB 89.70 million** year-to-date; the loss primarily stemmed from significant "other non-operating expenses" amounting to **RMB 56.88 million** in the current period, mainly due to surging international logistics costs caused by COVID-19 disruptions | Item | Amount for Current Period (RMB) | Amount Year-to-Date (RMB) | Explanation | | :--- | :--- | :--- | :--- | | Other Non-operating Income and Expenses | -56,877,990.79 | -138,426,441.47 | Significant logistics costs incurred by the company's international business due to COVID-19 disruptions | | Total | -45,858,372.22 | -89,699,844.72 | -- | [Analysis of Financial Indicator Changes](index=2&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Financial indicator changes are primarily influenced by market and cost factors; revenue growth benefited from the domestic passenger vehicle market recovery, while Q3 net profit decline was mainly due to surging international logistics and raw material costs, and reduced operating cash flow resulted from increased working capital utilization and delayed collections due to revenue growth - **Operating revenue growth**: Driven by the year-over-year recovery in the domestic passenger vehicle market, with significant sales increases for the company's products in both traditional and new energy vehicle markets[10](index=10&type=chunk) - **Q3 net profit loss**: Attributed to a substantial increase in international business logistics costs due to the COVID-19 pandemic, coupled with high prices for raw materials like metals and semiconductors, and delayed product price adjustments, which negatively impacted current period earnings[10](index=10&type=chunk)[12](index=12&type=chunk) - **Decrease in operating cash flow**: Resulting from increased capital tied up in accounts receivable and inventory due to revenue growth, alongside higher payments for employee compensation and taxes[10](index=10&type=chunk) [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) As of the end of the reporting period, the company had **153,585** common shareholders; the top three shareholders held a concentrated stake exceeding **29%** combined, with the top two and sixth largest shareholders acting in concert with the actual controller, Mr. Zhang Yongming - Total common shareholders at the end of the reporting period numbered **153,585**[14](index=14&type=chunk) Top Three Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | | Jiangsu Tianyou Jingan Investment Co., Ltd. | 10.91% | 353,832,788 | | Beijing Tianyou Investment Co., Ltd. | 10.03% | 325,438,596 | | Wang Jinfei | 8.43% | 273,544,949 | - Jiangsu Tianyou Jingan Investment Co., Ltd., Beijing Tianyou Investment Co., Ltd., and Tibet Tianyou Investment Co., Ltd. are all controlled by Mr. Zhang Yongming and act in concert[17](index=17&type=chunk) [Other Significant Matters](index=4&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company completed a non-public offering of A-shares in February 2021, raising capital; approximately **112 million** shares from this offering were fully released from lock-up and listed for trading on September 6, 2021 - The company completed a non-public offering of **111,898,727 shares** in February 2021 at an issue price of **RMB 3.95 per share**, with a **6-month lock-up period**[18](index=18&type=chunk) - As of September 6, 2021, all shares from this non-public offering were released from lock-up and listed for trading[18](index=18&type=chunk) [Financial Statements](index=4&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Quarterly Financial Statements](index=4&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) As of September 30, 2021, total assets exceeded **RMB 10 billion**, up **19.45%** from the beginning of the year; year-to-date, the company achieved **RMB 3.789 billion** in operating revenue, a **53.22%** increase, with net profit turning profitable; operating cash flow was a net outflow of **RMB 71 million**, primarily due to increased working capital utilization, and the company retrospectively adjusted opening financial statements due to the adoption of new leasing standards from 2021 [Consolidated Balance Sheet](index=4&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2021, the company's total assets were **RMB 10.044 billion**, up **19.45%** from the beginning of the year; total liabilities were **RMB 4.617 billion**, with a debt-to-asset ratio of **45.97%**; owner's equity was **RMB 5.427 billion**, an increase of **9.24%** from the beginning of the year, with asset growth primarily driven by increases in cash, inventory, and short-term borrowings | Item | September 30, 2021 (RMB) | December 31, 2020 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 10,044,489,294.61 | 8,408,644,686.70 | +19.45% | | Total Liabilities | 4,617,228,132.86 | 3,440,454,031.92 | +34.20% | | Total Owners' Equity | 5,427,261,161.75 | 4,968,190,654.78 | +9.24% | [Consolidated Income Statement (YTD)](index=7&type=section&id=%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) In the first three quarters of 2021, the company achieved total operating revenue of **RMB 3.789 billion**, a **53.22%** year-over-year increase; total operating costs were **RMB 3.762 billion**, up **49.34%** year-over-year; ultimately, net profit attributable to the parent company was **RMB 27.99 million**, turning profitable from **-RMB 46.28 million** in the same period last year, a **160.48%** increase | Item | Amount for Current Period (YTD Q3 2021) (RMB) | Amount for Prior Period (YTD Q3 2020) (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 3,789,082,503.62 | 2,473,047,896.33 | +53.22% | | Operating Profit | 44,748,655.75 | -53,970,332.40 | Turned Profitable | | Total Profit | 43,660,139.99 | -72,017,491.44 | Turned Profitable | | Net Profit Attributable to Parent Company Owners | 27,992,151.31 | -46,283,813.27 | +160.48% | [Consolidated Cash Flow Statement (YTD)](index=9&type=section&id=%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In the first three quarters of 2021, net cash flow from operating activities was a net outflow of **RMB 71 million**, a **123.66%** year-over-year decrease, primarily due to significant increases in expenditures for goods purchased and employee compensation; net cash outflow from investing activities was **RMB 212 million**; net cash inflow from financing activities was **RMB 451 million**, mainly from capital contributions and borrowings | Item | Amount for Current Period (YTD Q3 2021) (RMB) | Amount for Prior Period (YTD Q3 2020) (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -71,370,435.99 | 301,639,672.92 | | Net Cash Flow from Investing Activities | -212,307,397.88 | -127,174,663.62 | | Net Cash Flow from Financing Activities | 451,048,135.94 | -144,414,898.37 | [Explanation of Financial Statement Adjustments](index=11&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E8%B0%83%E6%95%B4%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company adopted new leasing standards from January 1, 2021, retrospectively adjusting opening financial statements; key impacts include an increase of **RMB 96.19 million** in "right-of-use assets", a total increase of **RMB 92.93 million** in "lease liabilities" (including current portion), and corresponding decreases in "other receivables" and other accounts - The company adopted new leasing standards for the first time in 2021, adjusting relevant items in the financial statements at the beginning of the first year of adoption[42](index=42&type=chunk) Financial Statement Adjustments | Adjusted Item | Adjustment Amount (RMB) | | :--- | :--- | | Right-of-Use Assets | +96,193,719.84 | | Non-current Liabilities Due Within One Year | +15,673,413.84 | | Lease Liabilities | +77,259,394.84 | | Other Receivables | -3,260,911.16 |

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,507,979,094.30, representing a 72.21% increase compared to ¥1,456,384,145.94 in the same period last year[28]. - The net profit attributable to shareholders was ¥45,387,191.87, a significant turnaround from a loss of ¥41,651,016.19 in the previous year, marking a 208.97% increase[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥89,228,664.37, compared to a loss of ¥40,756,502.46 last year, reflecting a 318.93% increase[28]. - The company's revenue increased by 72% year-on-year, driven by a significant recovery in the domestic automotive market and strong growth in the new energy vehicle sector[38]. - Net profit attributable to shareholders increased by 209% year-on-year, marking a turnaround from losses[38]. - The gross profit margin for the mechanical manufacturing sector was 13.05%, down 3.6 percentage points from the previous year, with revenue from this sector totaling ¥2,507,979,094.30[54]. Assets and Liabilities - The company's total assets increased by 14.24% to ¥9,606,020,530.21 from ¥8,408,644,686.70 at the end of the previous year[28]. - The net assets attributable to shareholders rose by 9.24% to ¥5,420,720,893.58 from ¥4,962,269,688.05 at the end of the previous year[28]. - Total liabilities increased to ¥4,179,316,585.93, up from ¥3,440,454,031.92, reflecting a growth of approximately 21.5%[197]. - Owner's equity totaled ¥5,426,703,944.28 as of June 30, 2021, up from ¥4,968,190,654.78, representing a growth of about 9.2%[200]. Cash Flow and Expenses - The net cash flow from operating activities was -¥6,170,493.22, a decline of 104.07% from ¥151,709,900.57, as the increase in material procurement and labor costs outpaced revenue growth[49]. - The company reported a net increase in cash and cash equivalents of ¥219,725,108.82, a 433.20% increase from ¥41,208,591.65, attributed to funds raised from issuing shares[49]. - The company's financial expenses increased by 282.55% to ¥4,789,516.36 due to rising loan principal and interest costs[49]. - Research and development expenses were slightly reduced by 4.44% to ¥95,679,207.91, indicating a focus on cost efficiency[49]. Market Position and Growth - The company is a leading supplier of automotive thermal management components and systems, with a strong market share in the domestic market[38]. - The company has established stable relationships with major automotive manufacturers, including NIO, General Motors, Ford, and Volkswagen, ensuring a clear growth outlook in the new energy vehicle thermal management market[41]. - The company has made substantial progress in the development of heat management systems for large energy storage battery equipment, showcasing its technological leadership[39]. - The production capacity for new energy vehicle heat pump air conditioning systems has significantly increased, contributing to the overall growth in production capacity[43]. Risks and Challenges - The company faces potential risks due to high raw material prices and difficulties in semiconductor procurement, which may pressure future operating profits[7]. - Key raw material prices, including aluminum and copper, rose by approximately 30% and 20% respectively during the reporting period, significantly increasing manufacturing costs[82]. - The company expects ongoing pressure on costs and operating profits if raw material prices continue to rise significantly in the second half of the year[85]. Environmental and Social Responsibility - The company has established its own wastewater treatment and exhaust gas treatment facilities in its factories[103]. - The company strictly adheres to environmental regulations and has not faced any penalties related to environmental issues[103]. - The company has implemented strict measures to ensure that all pollutant discharges meet environmental protection regulations during construction and operation[106]. - The company actively participated in community welfare activities and charitable donations, supporting local social initiatives[113]. Shareholder Information - The company issued 111,898,727 shares at a price of 3.95 yuan per share, which were listed on March 5, 2021[160]. - The total number of shares after the issuance is 3,243,258,144, with the newly issued shares representing approximately 3.45% of the total[160]. - Jiangsu Tianyou Jingan Investment Co., Ltd. holds 10.91% of shares, totaling 353,832,788 shares, with 30,000,000 shares pledged[175]. - The total number of common shareholders at the end of the reporting period was 147,173, with significant shareholders holding over 5% of shares[169].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,096,062,903.22, representing a 64.03% increase compared to ¥668,196,065.76 in the same period last year[8] - Net profit attributable to shareholders was ¥21,362,404.39, a significant turnaround from a loss of ¥18,835,648.35, marking a 213.41% increase[8] - The net profit after deducting non-recurring gains and losses reached ¥42,787,529.02, compared to a loss of ¥19,543,675.41, reflecting a 318.93% improvement[8] - Basic and diluted earnings per share were both ¥0.0066, a 210.00% increase from a loss of ¥0.006 per share in the same period last year[8] - The company reported a gross profit margin improvement, with operating profit of ¥23,723,969.70 compared to a loss of ¥33,982,452.65 in the previous period[70] - The company achieved a profit before tax of ¥27,294,599.82, compared to a loss of ¥34,272,843.89 in the previous period[70] - The total comprehensive income for the period was ¥13,980,528.84, compared to a loss of ¥2,578,900.65 in the previous period[81] - Basic and diluted earnings per share were both ¥0.0043, an improvement from a loss of ¥0.0008 in the previous period[81] Cash Flow - The net cash flow from operating activities was ¥29,652,472.72, up 55.58% from ¥19,059,678.60 in the previous year[8] - Cash inflow from operating activities totaled ¥972,047,006.75, down from ¥1,337,410,107.09 in the previous period[84] - Cash outflow from operating activities was ¥942,394,534.03, compared to ¥1,318,350,428.49 in the previous period[84] - The net increase in cash and cash equivalents was ¥405,101,377.23, compared to an increase of ¥17,791,357.36 in the previous period[87] - The ending balance of cash and cash equivalents was ¥661,638,951.31, up from ¥193,025,870.80 in the previous period[87] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,294,404,402.31, a 10.53% increase from ¥8,408,644,686.70 at the end of the previous year[8] - As of March 31, 2021, total liabilities amounted to ¥3,879,363,757.58, an increase of 12.76% from ¥3,440,454,031.92 on December 31, 2020[54] - The company's total equity reached ¥5,415,040,644.73 as of March 31, 2021, up from ¥4,968,190,654.78 at the end of 2020, reflecting a growth of 9.01%[57] - The total assets of the company reached approximately 9.29 billion yuan as of March 31, 2021, compared to 8.41 billion yuan at the end of 2020, indicating a growth of about 10.5%[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 168,752[12] - Major shareholders included Jiangsu Tianyou Jingan Investment Co., Ltd. with a 10.91% stake and Beijing Tianyou Investment Co., Ltd. with a 10.03% stake[12] Investment and R&D - Research and development expenses increased by 60.00% year-on-year, indicating a significant investment in new projects[22] - Investment in R&D increased by 30%, focusing on innovative technologies and product enhancements[109] Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[70] - The company plans to expand into three new international markets by the end of 2021[109] - A strategic acquisition was completed, adding $200 million in annual revenue potential[109] - The company is exploring partnerships to enhance market presence and drive growth[109] Government Support - The company reported a government subsidy of ¥5,953,082.16 during the reporting period[8] Financial Adjustments - The company has implemented new leasing standards starting from 2021, affecting the financial statements[99] - The company has not undergone an audit for the first quarter report[103] - The financial report was approved by the board and supervisory committee on April 29, 2021[107]

Financial Performance - The company's operating revenue for 2020 was ¥3,726,893,595.05, representing a 16.08% increase compared to ¥3,210,648,346.53 in 2019[24] - The net profit attributable to shareholders of the listed company was -¥296,185,380.75, a decrease of 390.29% from ¥102,031,704.11 in 2019[24] - The net cash flow from operating activities was ¥283,181,628.82, showing a significant increase of 101.03% compared to ¥140,865,887.99 in 2019[24] - The basic earnings per share for 2020 was -¥0.0946, a decline of 390.18% from ¥0.0326 in 2019[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥262,570,823.22, which is a 28.35% increase in loss compared to -¥204,580,185.65 in 2019[24] - The company's total revenue for 2020 was approximately CNY 3.73 billion, representing a year-on-year increase of 16.08%[38] - The net profit attributable to shareholders for 2020 was CNY -249.90 million, with a diluted earnings per share of CNY -0.0946, a decrease of 390.18% compared to the previous year[30] - The weighted average return on equity was -5.78%, a decline of 7.73 percentage points from the previous year[30] - The company's total assets at the end of 2020 were CNY 8.41 billion, an increase of 2.65% from the end of 2019[30] - The net assets attributable to shareholders decreased by 6.24% to CNY 4.96 billion compared to the end of 2019[30] Revenue Segmentation - The automotive air conditioning compressor segment generated revenue of about CNY 2.18 billion, accounting for 58.36% of total revenue, with a year-on-year decrease of 2.64%[38] - The automotive air conditioning system segment achieved revenue of approximately CNY 1.55 billion, making up 41.64% of total revenue, with a year-on-year increase of 58.94%[38] - Revenue from new energy vehicle-related products totaled 571 million yuan, accounting for 15.86% of revenue after excluding non-core business, marking a record high for the company's new energy business[59] Market Challenges - The automotive market faced significant challenges in 2020 due to the COVID-19 pandemic, leading to a decline in passenger vehicle sales for the third consecutive year since 2018[40] - The company faced increased production costs and asset impairment provisions, leading to losses despite revenue growth[39] - The overseas market for traditional energy vehicle air conditioning systems saw a decline of 44.09%, primarily due to the impact of the COVID-19 pandemic on sales[74] Production and Capacity - The company sold a total of 5.05 million automotive air conditioning compressors, reflecting a year-on-year decline of 4.94%[38] - The company's total production capacity for automotive air conditioning compressors is 8.1 million units, with electric compressors accounting for 450,000 units[68] - The production capacity for new energy heat pump air conditioning systems is currently tight due to a surge in demand, but the company is investing to alleviate this situation[68] Strategic Initiatives - The company has established long-term strategic partnerships with major automotive manufacturers, including SAIC-GM-Wuling, BYD, and Chery, enhancing its customer resource advantage[49] - The company has successfully entered the supply chain of mainstream global electric vehicle manufacturers, indicating a solid foundation for future orders[50] - The company has optimized its technology layout for new energy thermal management components, improving production efficiency and product quality, particularly for electric air conditioning compressors[48] Research and Development - Research and development expenses for 2020 amounted to CNY 173,662,871.53, reflecting a significant increase of 58.10% compared to CNY 109,843,568.52 in 2019[95] - The total R&D investment for 2020 was CNY 203,587,540.73, which is 5.46% of the operating revenue, down from 8.02% in 2019[100] - The number of R&D personnel decreased to 469, representing 8.82% of the total workforce, down from 11.31% in 2019[100] Corporate Governance - The company will not distribute cash dividends or bonus shares for the 2020 fiscal year[7] - The actual controller of the company, Zhang Yongming, holds a total voting power of 29.03% after a share transfer agreement in 2018[22] - The company has maintained normal performance in fulfilling commitments to avoid competition with related parties[145] Environmental and Social Responsibility - The company emphasizes corporate social responsibility, achieving significant results in various areas during the reporting period[189] - The company has established environmental protection systems across its main subsidiaries, investing necessary funds and equipment for pollution prevention[191] - The company has actively participated in community welfare activities, including charitable donations and support for local fitness programs[192]

Financial Performance - Operating revenue for the reporting period was ¥1,016,663,750.39, representing a growth of 38.74% year-on-year[7]. - Net profit attributable to shareholders was -¥4,632,797.08, a decline of 326.54% compared to the same period last year[7]. - Basic earnings per share were -¥0.0015, a decrease of 314.29% compared to the same period last year[7]. - The weighted average return on net assets was -0.09%, a decrease of 0.13 percentage points year-on-year[7]. - Net profit attributable to the parent company decreased by 290.13% year-on-year, with basic earnings per share down 289.74%, mainly due to increased product costs and sales expenses caused by the COVID-19 pandemic[21]. - Net profit for Q3 2020 was a loss of ¥4,762,296.91, compared to a profit of ¥2,034,040.44 in Q3 2019, indicating a significant decline in profitability[51]. - The company reported a significant reduction in long-term borrowings, which decreased to CNY 12,360,588.97 from CNY 15,505,398.57, a decline of approximately 20.4%[40]. - The net profit for the period was CNY -4,254,418.73, compared to a net profit of CNY 970,417.34 in the same period last year, indicating a significant decline[85]. - The company recorded a total comprehensive loss of CNY -46,676,667.68, compared to a comprehensive income of CNY 24,411,506.45 in the same period last year[93]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,208,391,021.75, an increase of 0.2% compared to the end of the previous year[7]. - The company's total assets amounted to CNY 8,208,391,021.75, a slight increase from CNY 8,191,677,876.68 at the end of 2019[42]. - Total liabilities reached CNY 2,999,281,496.74, up from CNY 2,891,770,640.45, which is an increase of about 3.7%[40]. - The company's equity attributable to shareholders decreased to CNY 5,201,996,345.36 from CNY 5,292,401,202.17, a decline of approximately 1.7%[42]. - The company's total current assets increased to CNY 3,644,720,355.32 from CNY 3,572,109,970.62, reflecting a growth of about 2%[36]. - Current liabilities increased from CNY 2,683,577,261.84 to CNY 2,691,747,007.96, reflecting an increase of CNY 8,169,746.12[112]. - Non-current liabilities decreased from CNY 208,193,378.61 to CNY 200,023,632.49, a reduction of CNY 8,169,746.12[114]. Cash Flow - Net cash flow from operating activities was ¥149,929,772.35, an increase of 244.05% year-on-year[7]. - Cash inflow from operating activities totaled ¥3,073,416,264.22, compared to ¥2,676,503,899.97, marking an increase of approximately 14.8%[102]. - Cash outflow for operating activities was ¥2,771,776,591.30, up from ¥2,398,129,659.16, which is an increase of about 15.6%[102]. - The net cash flow from investment activities was -127,174,663.62 CNY, an improvement from -392,308,612.19 CNY in the previous period, indicating a reduction in cash outflow[104]. - Cash inflow from financing activities totaled 708,189,312.13 CNY, significantly higher than 335,700,065.69 CNY in the prior period, reflecting increased borrowing[104]. - The net cash flow from financing activities was -144,414,898.37 CNY, compared to a positive 92,812,324.28 CNY in the previous period, showing a shift towards higher cash outflows[104]. Research and Development - R&D expenses for the first nine months increased by 49.42% year-on-year, reflecting the company's increased investment in R&D[17]. - Research and development expenses increased to ¥59,463,878.64 in Q3 2020, up 100.6% from ¥29,638,825.74 in Q3 2019, highlighting a focus on innovation[49]. - Research and development expenses increased to CNY 113,775,771.35 from CNY 76,145,833.20, representing a rise of approximately 49.5%[91]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 203,211[10]. - The largest shareholder, Wang Jinfeng, held 16.16% of the shares, amounting to 506,045,049 shares[10]. - The company did not conduct any repurchase transactions during the reporting period[14]. Other Comprehensive Income - Other comprehensive income decreased by 72.51% compared to the beginning of the year, primarily due to the impact of foreign currency translation differences from overseas companies[17]. - The company's other comprehensive income dropped to CNY 11,977,476.53 from CNY 43,575,859.36, a decrease of about 72.5%[42]. - Other comprehensive income totalled ¥-78,275,050.51, a significant decline from ¥30,842,241.84 in the previous period[96]. - The company reported a foreign currency translation loss of ¥-31,598,382.83, compared to a gain of ¥6,430,735.39 previously[96].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,456,384,145.94, a decrease of 12.18% compared to ¥1,658,368,743.78 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥41,651,016.19, representing a decline of 286.79% from a profit of ¥22,298,587.17 in the previous year[23]. - The net cash flow from operating activities was ¥151,709,900.57, down 35.39% from ¥234,796,249.90 in the same period last year[23]. - Basic and diluted earnings per share were both -¥0.0133, a decrease of 287.32% compared to ¥0.0071 in the previous year[23]. - The weighted average return on net assets was -0.79%, a decrease of 1.22 percentage points from 0.43% in the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 1.22% to ¥5,227,639,069.51 from ¥5,292,401,202.17 at the end of the previous year[23]. - The company reported non-recurring losses, including a loss from the disposal of non-current assets amounting to -¥919,311.84[26]. - The company experienced a decline in main business revenue due to the impact of the COVID-19 pandemic, which led to production halts at domestic and overseas factories[33]. - The company sold 2.23 million automotive air conditioning compressors during the reporting period, representing a year-on-year decline of 11.46%[55]. - The company's net profit for the first half of 2020 was a loss of CNY 41.65 million, with a net profit excluding non-recurring gains and losses of CNY -40.76 million, both showing a year-on-year decline[53]. Assets and Investments - Total assets at the end of the reporting period were ¥8,199,512,901.66, a slight increase of 0.10% from ¥8,191,677,876.68 at the end of the previous year[23]. - The company maintained stable total assets of CNY 8.2 billion and net assets attributable to shareholders of CNY 5.228 billion as of June 30, 2020, which remained roughly the same as the previous year[53]. - Total investments during the reporting period were ¥573,701,388.53, an increase of 49.31% compared to ¥383,957,660.73 in the same period last year[81]. - The company plans to raise CNY 1.428 billion through a non-public stock issuance to invest in four key projects, including new energy vehicle heat pump air conditioning systems and new electric compressors[65]. - The company plans to raise up to ¥1,480 million through a non-public offering of up to 939,407,825 shares to supplement working capital and invest in new projects[161]. Market and Business Strategy - The company specializes in providing comprehensive thermal management solutions for automobiles, focusing on the development, production, and sales of automotive air conditioning compressors and systems, engine cooling, and battery thermal management for electric vehicles[32]. - The company has established long-term strategic partnerships with major automotive manufacturers, including SAIC-GM-Wuling, BYD, and Chery, ensuring stable customer relationships[42]. - The international air conditioning group has secured multiple new orders in the thermal management market for electric vehicles, indicating strong demand from mainstream electric vehicle manufacturers[45]. - The company is expanding its product offerings to include battery thermal management systems, enhancing its market presence in the electric vehicle sector[46]. - The company aims to leverage its technological and production advantages to attract more domestic and international electric vehicle customers, solidifying its position as a supplier to advanced electric vehicle manufacturers[49]. - The company is actively expanding its market presence in the new energy vehicle sector, with significant growth in orders for heat pump air conditioning systems from major domestic electric vehicle manufacturers[61]. Environmental Compliance - The company has reported zero instances of exceeding pollution discharge standards during the reporting period, with total emissions of 21.377 tons for chemical oxygen demand and 28.25 tons for suspended solids[150]. - The company has established a comprehensive environmental monitoring plan, including annual monitoring contracts with qualified third-party agencies for wastewater, waste gas, and noise[157]. - The company has implemented a pollution prevention and control emergency plan to address potential environmental incidents, focusing on public health and safety[155]. - The company has constructed standardized environmental protection facilities, including a wastewater treatment station and hazardous waste storage, which are operating effectively[151]. - The company has maintained compliance with environmental regulations, with all pollutant emissions meeting the required standards[151]. Shareholder Information - The total number of shares outstanding is 3,131,359,417, with 98.75% being unrestricted shares[168]. - The number of shareholders holding common stock at the end of the reporting period is 169,982[171]. - Wang Jinfeng holds 16.16% of the total shares, amounting to 506,045,049 shares, which are currently frozen[171]. - Jiangsu Tianyou Jingan Investment Co., Ltd. holds 11.30% of the shares, totaling 353,832,788 shares, which are pledged[175]. - Jiangsu Diaojin Holdings Group Co., Ltd. holds 10.62% of the shares, totaling 332,400,367 shares, with a decrease of 159,412,800 shares during the reporting period[175]. COVID-19 Impact - The impact of the COVID-19 pandemic has led to a decline in operating revenue and performance[6]. - The automotive market in China saw a 16.9% year-on-year decline in sales during the first half of 2020, significantly impacting the company's revenue[100]. - Research and development investment decreased by 40.92% to CNY 100.13 million due to reduced R&D activities during the pandemic[66]. - The international subsidiary reported revenue of ¥474 million but incurred a net loss of ¥56.70 million due to high operational costs and the impact of the COVID-19 pandemic[97]. - The company has implemented measures to mitigate risks associated with the ongoing COVID-19 pandemic, including enhancing research and development efforts[104].

奥特佳新能源科技股份有限公司 2020 年第一季度报告 证券代码：002239 证券简称：奥特佳 公告编号：2020-057 奥特佳新能源科技股份有限公司 2020 年第一季度报告 2020 年 4 月 1 奥特佳新能源科技股份有限公司 2020 年第一季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连 带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张永明、主管会计工作负责人饶冰笑及会计机构负责人(会计主 管人员)姚剑声明：保证季度报告中财务报表的真实、准确、完整。 2 奥特佳新能源科技股份有限公司 2020 年第一季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|----------- ...

Financial Performance - The company's operating revenue for 2019 was ¥3,210,648,346.53, a decrease of 21.52% compared to ¥4,090,831,025.74 in 2018[24] - The net profit attributable to shareholders for 2019 was ¥102,031,704.11, representing a significant increase of 156.35% from ¥39,802,175.62 in 2018[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥204,580,185.65, a decrease of 998.67% compared to ¥22,764,654.79 in 2018[24] - The net cash flow from operating activities for 2019 was ¥140,865,887.99, down 54.00% from ¥306,224,062.31 in 2018[24] - Basic earnings per share for 2019 were ¥0.0326, an increase of 156.69% from ¥0.0127 in 2018[24] - The weighted average return on net assets was 1.95%, an increase of 1.18 percentage points from 0.77% in 2018[24] - Total assets at the end of 2019 were approximately ¥8.19 billion, a decrease of 2.00% compared to the end of 2018[27] - The total equity attributable to shareholders at the end of 2019 was approximately ¥5.29 billion, an increase of 2.24% from the previous year[27] - The company reported a total revenue of approximately ¥851.25 million in Q1 2019, with a quarterly decline observed in subsequent quarters[31] - The company reported a net profit loss after excluding non-recurring gains and losses, primarily due to decreased sales volume leading to reduced operating income and increased fixed costs[57] Market Position and Sales - The company sold a total of 5.31 million automotive air conditioning compressors during the reporting period, accounting for approximately 69.6% of total revenue[39] - The company maintained a market share of about 25% in the domestic passenger car new air conditioning compressor sector despite a decline in overall market sales[40] - The company's overall sales volume in the automotive air conditioning compressor sector decreased by 16.99% year-on-year, reflecting a significant impact from the shrinking downstream vehicle market[57] - The subsidiary, Air Conditioning International Group, experienced a decline in air conditioning system production and sales volume by 13.54%, with international market sales dropping less due to higher brand recognition[57] Research and Development - In 2019, the company obtained 13 new patents, bringing the total to 106 patents, including 26 invention patents[48] - The company has developed key technologies for high-efficiency electric air conditioning compressors, achieving international leading levels in this area[48] - The company’s R&D investment as a percentage of revenue increased significantly, reflecting a commitment to enhancing research capabilities and aligning with market demands[61] - The R&D team consists of 505 personnel, with a focus on electric compressors and air conditioning system technology, highlighting the company's commitment to new energy vehicle thermal management technology[80] - The company successfully developed new products including the E26F and E34F electric compressor models, and various projects for major automotive clients such as Ford and Volkswagen[80] Strategic Initiatives - The company plans to distribute a cash dividend of ¥0.04 per 10 shares, pending approval at the shareholders' meeting[11] - The company plans to focus on developing new technologies and improving product quality to enhance market competitiveness and increase market share[117] - The company aims to expand its business in the electric vehicle thermal management system sector, leveraging partnerships with leading industry players[117] - The company has established new subsidiaries, including in Chengdu and Chuzhou, which have had a minor impact on overall operations[113] Legal and Compliance - The company faced a total of 24,051,000 CNY in a lawsuit regarding unreturned loans, which is still pending judgment[139] - The company successfully concluded a lawsuit with a claim amount of 20,619,000 CNY, resulting in a final victory for the company[139] - The company has not experienced any non-operating fund occupation by major shareholders or related parties during the reporting period[133] - The company has committed to maintaining operational independence from controlling shareholders in terms of personnel, assets, and finances[129] Environmental and Social Responsibility - The company invested a total of 13.42 million yuan in pollution prevention facilities, ensuring compliance with environmental standards[176] - The wastewater treatment system has achieved compliance with the "Comprehensive Wastewater Discharge Standards" (GB8978-1996), with all wastewater treated before discharge[176] - The company actively engages in social responsibility initiatives, focusing on shareholder rights protection and community engagement[169] - A total of 91 employee training programs were conducted during the reporting period, enhancing employee skills and professional development[171] Financial Management - The company has no significant equity investments that impact its operating performance and investment returns[114] - The total approved external guarantees for the reporting period amounted to 130,000, with an actual guarantee amount of 35,781.37[161] - The company has no external guarantees for related parties, and the total actual guarantee amount accounts for 10.63% of the company's net assets[161] - The company has entrusted 20,000 in bank financial products, with an outstanding balance of 29,000[166]

编号：2020-001 证券代码：002239 证券简称：奥特佳 奥特佳新能源科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------------|----------------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | √特定对象调研 □分析师会议 | | | 类别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 | | | 参与单位名称及 | 中国国际金融有限公司：刘畅 | | | 人员姓名 | 中泰证券股份有限公司：陈传红 | | | | 华泰资产管理有限公司：徐明德 | | | | 国泰君安证券股份有限公司：徐伟东 | | | 时间 2020 | 年 1 月 21 日 | | | | | | | 地点 公司 上市公司接待人 | 6 号会议室 总经理：丁涛 | | | 员姓名 | 董事会秘书：窦海涛 | | | 投 ...

Financial Performance - Operating revenue for the reporting period was CNY 732,770,878.13, down 18.38% year-on-year, and CNY 2,391,139,621.91 for the year-to-date, down 23.30%[8] - Net profit attributable to shareholders was CNY 2,045,037.97, a decrease of 98.93% year-on-year, and CNY 24,343,625.14 for the year-to-date, down 94.30%[8] - Basic earnings per share were CNY 0.0007, down 98.86% year-on-year[8] - The operating profit for the current period is CNY 13,679,292.53, down from CNY 499,103,640.78 in the previous period, indicating a significant decline[77] - The net profit for the current period is CNY 24,411,506.45, compared to CNY 424,815,648.78 in the previous period, reflecting a substantial decrease[77] - The total comprehensive income for the current period is CNY 24,411,506.45, compared to CNY 424,815,648.78 in the previous period[77] - The net profit for the third quarter of 2019 was ¥2,034,040.44, compared to a net profit of ¥192,698,909.24 in the same quarter of 2018, reflecting a significant decrease[61] Cash Flow - The net cash flow from operating activities was CNY 43,577,990.91, an increase of 62.05% compared to the same period last year[8] - Cash flow from operating activities increased by 6324.48% year-on-year, driven by improved cost control and reduced tax expenses[23] - Cash received from the disposal of subsidiaries and other operating units increased by 799.85% year-on-year, mainly due to large equity transfer payments received[23] - The cash inflow from operating activities is ¥2,676,503,899.97, down from ¥3,802,583,000.59 in the previous period, reflecting a decrease of 29.6%[90] - The cash outflow from operating activities is ¥2,398,129,659.16, compared to ¥3,807,055,252.40 in the previous period, also showing a decrease[90] - The net cash flow from operating activities was $278,374,240.81, a significant improvement from a negative cash flow of $4,472,251.81 in the previous period[93] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,287,206,579.91, a decrease of 0.86% compared to the end of the previous year[8] - Current assets totaled ¥3,550,447,415.49, down from ¥3,904,708,158.59, reflecting a decline of approximately 9.01%[40] - Non-current assets increased to ¥4,736,759,164.42 from ¥4,454,042,562.21, representing an increase of about 6.35%[40] - Total liabilities decreased to ¥3,071,745,840.09 from ¥3,174,132,222.81, a reduction of approximately 3.24%[47] - The total liabilities as of September 30, 2019, amounted to ¥312,488,441.57, down from ¥353,139,522.78 at the end of 2018, showing a reduction of approximately 11.5%[57] - The company's equity attributable to shareholders increased to ¥5,207,409,454.26 from ¥5,176,635,093.73, reflecting a growth of about 0.59%[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,355[12] - The largest shareholder, Wang Jinfeng, held 16.16% of the shares, totaling 506,045,049 shares[13] Expenses - Financial expenses for the first nine months increased by 98.60% year-on-year, largely due to increased foreign exchange losses from the USD to RMB exchange rate fluctuations[23] - Sales expenses decreased by 30.66% year-on-year, attributed to reduced sales revenue and enhanced cost control measures[23] - Research and development expenses for the third quarter of 2019 were ¥29,638,825.74, an increase from ¥23,633,335.71 in the same period of 2018, representing an increase of approximately 25.4%[58] - The company's research and development expenses for the current period are CNY 76,145,833.20, slightly up from CNY 72,541,041.95 in the previous period[74] - The company's management expenses increased to ¥13,084,532.36 from ¥12,002,214.43 in the previous period, representing an increase of 9.0%[84] Other Income - The company reported non-operating income of CNY 15,912,155.02 from government subsidies closely related to business[8] - Other income rose by 489.15% year-on-year, primarily due to an increase in government subsidies received[23] - The company reported a significant increase in investment income from joint ventures, which was ¥4,521,641.76 in the third quarter of 2019, compared to ¥3,487,107.29 in the same period of 2018, reflecting an increase of about 29.7%[61]