Group 1: Company Overview - Shanghai Xinpeng Industrial Co., Ltd. was established in October 1997 and listed on the Shenzhen Stock Exchange on December 30, 2009, with stock code 002328 [1] - The company primarily produces large metal outer covers and structural parts for passenger vehicles, including side panels, doors, and chassis components [1] Group 2: Production Capacity and Operations - The company introduced a Schuler 8100T high-speed automated stamping line in 2014, with a production capacity of approximately 2.5 million strokes per year, placing it at the top level among similar stamping enterprises [2] - The production line is expected to achieve full capacity production in 2015, having already secured contracts for various models from Shanghai Volkswagen, including the Tiguan, Touran, and New Lavida [2] Group 3: Client Relationships and Market Strategy - Shanghai Volkswagen provides an annual production plan at the beginning of each year, which the company uses to adjust its production schedule based on sales performance throughout the year [2] - Currently, the company mainly supplies automotive parts to Shanghai Volkswagen and has not yet considered entering the parts production business for other manufacturers [2] Group 4: Subsidiary Operations - The subsidiary, Shanghai Xinpeng Precision Electromechanical Co., Ltd., operates Kangpai Electronics, which specializes in satellite navigation communication equipment and has developed products for the Beidou satellite navigation system [2] - The company aims to leverage existing technology and resources to upgrade its Beidou marine rescue positioning products and expand into broader military and civilian markets [2]

Group 1: Company Overview - Shanghai Xinpeng Industrial Co., Ltd. was established in October 1997 and listed on the Shenzhen Stock Exchange on December 30, 2009, with stock code 002328 [2] - The company operates mainly in four business segments: metal products processing, military industry development, investment platform, and cultural industry platform [2][3] Group 2: Business Segments - **Metal Products Processing**: The automotive parts business is the largest segment, with factories located in Shanghai, Yangzhou, Ningbo, and Changsha. This segment has become a significant economic pillar for the company [2] - **Military Industry Development**: The company has a military industry incubation platform "Precision Electromechanical," which has obtained two military qualifications and focuses on satellite navigation communication equipment [3] - **Investment Platform**: The company has invested in various funds focusing on strategic emerging industries, including new materials and environmental technology [3] - **Cultural Industry Platform**: In January 2014, the company invested 200 million RMB to establish Shanghai Hanyu Dong Investment Co., Ltd., focusing on cultural industry projects [3] Group 3: Financial Insights - The automotive parts business has a relatively low gross margin due to high raw material costs, particularly in welding operations [3] - The company sold its gold mining project due to declining prices and operational challenges, which was seen as a protective measure for shareholders [4] Group 4: Future Directions - The company is cautious about direct investments in film and television projects, preferring to maintain a stable operational approach to control investment risks [4] - There are no current plans to re-enter the new energy battery metal shell business, although the company can process lightweight aluminum components for automotive applications [4]

Company Overview - Shanghai Xinpeng Industrial Co., Ltd. was established in October 1997 and restructured in 2007, primarily engaged in sheet metal stamping and related businesses [2] - The company was listed on the Shenzhen Stock Exchange on December 30, 2009, with the stock code 002328 [2] - Xinpeng specializes in various metal processing capabilities, particularly in mold design and manufacturing, as well as complex metal component production [2] Business Segments - The automotive parts business is the largest segment, with factories located in Shanghai, Yangzhou, Ningbo, and Changsha [2] - The company provides automotive parts for Shanghai Volkswagen, covering most of its vehicle models, including Tiguan, Touran, and Santana [2] Investment Initiatives - The company is collaborating with Jinpu Investment to establish the Shanghai Jinpu Emerging Industry Investment Fund, aimed at strategic investments in emerging industries [3] - The fund will focus on sectors such as new materials, medical technology, and environmental technology, primarily targeting growth-stage companies [3] Financial Status - Currently, the company has sufficient cash reserves and does not have any financing needs, as core customers have good credit and no overdue payments [3] - Future financing needs may arise if new project investments exceed the company's own capital reserves, but this is uncertain [3] Project Development - The Beidou project is managed by the wholly-owned subsidiary Nanjing Kangpai Electronics Co., Ltd., which specializes in satellite navigation communication equipment [3] - In 2015, Kangpai Electronics developed several products related to the Beidou system and obtained 1 invention patent and 2 software copyrights [3]

Group 1: Company Overview - Shanghai Xinpeng Industrial Co., Ltd. was established in October 1997 and listed on the Shenzhen Stock Exchange in December 2009 under the stock code 002328 [1] - The main business is focused on providing automotive parts, primarily for Shanghai Volkswagen, with strategic partnerships established over years of collaboration [1] - The company has four major bases in Shanghai, Yizheng, Changsha, and Ningbo, supporting the production of key components and parts for vehicles [1] Group 2: Business Participation and Development - The company has not yet participated in the electric vehicle projects of SAIC Volkswagen, focusing on existing mass-produced models [1] - Current production capabilities allow for lightweight aluminum alloy processing, although the primary focus remains on steel components [1] - The company has invested 200 million RMB in January 2014 to establish Shanghai Hanyu Dong Investment Co., Ltd., aiming to develop a cultural industry platform [2] Group 3: Future Directions and Market Impact - The future development direction will not be limited to the automotive industry, with investments in two equity funds and potential direct investments in quality projects [2] - The automotive parts business covers most models of SAIC Volkswagen, including Tiguan, Touran, and others, indicating a strong dependency on the domestic passenger car market [2] - The company has a military industry incubation platform, "Precision Electromechanical," which has obtained two military qualifications and is expanding into the civilian market with satellite navigation products [2] Group 4: Financial Performance - The forecast for the third quarter of 2016 indicates a net profit change of -1020% for the company, with detailed information available in the 2016 semi-annual report [2]

[Report Cover and Disclaimer](index=1&type=section&id=%E6%8A%A5%E5%91%8A%E5%B0%81%E9%9D%A2%E4%B8%8E%E5%A3%B0%E6%98%8E) This report presents Shanghai Xinpeng Industrial Co., Ltd.'s 2022 third-quarter results, with the board, supervisors, and senior management assuring its truthfulness, accuracy, and completeness - This report is Shanghai Xinpeng Industrial Co., Ltd.'s 2022 third-quarter report[1](index=1&type=chunk) - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content and assume corresponding legal responsibilities[2](index=2&type=chunk)[3](index=3&type=chunk) - This quarterly report is unaudited[4](index=4&type=chunk)[21](index=21&type=chunk) [Key Financial Data](index=2&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's financial performance for Q3 2022 and year-to-date shows significant revenue growth, but a decline in net profit attributable to shareholders [Key Accounting Data and Financial Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%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) The company achieved significant revenue growth in Q3 2022 and year-to-date, while net profit attributable to shareholders decreased, and operating cash flow sharply declined, though total assets and shareholders' equity increased 2022 Q3 and Year-to-Date Key Accounting Data and Financial Indicators | Indicator | Current Period (RMB) | YoY Change in Current Period | Year-to-Date (RMB) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,813,754,928.43 | 66.39% | 4,401,173,878.88 | 35.44% | | Net Profit Attributable to Parent Company Shareholders | 102,534,204.94 | -32.98% | 209,987,234.21 | -10.29% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Gains/Losses | 50,486,599.75 | 119.21% | 84,953,871.01 | 30.93% | | Net Cash Flow from Operating Activities | — | — | 36,970,125.97 | -80.78% | | Basic Earnings Per Share (RMB/share) | 0.13 | -31.58% | 0.27 | -10.00% | | Diluted Earnings Per Share (RMB/share) | 0.13 | -31.58% | 0.27 | -10.00% | | Weighted Average Return on Net Assets | 3.40% | -2.26% | 7.04% | -1.71% | | **End of Current Period** | **End of Prior Year** | **Change from Prior Year-End** | | | | Total Assets | 5,908,490,333.86 | 5,451,675,130.71 | 8.38% | | | Equity Attributable to Shareholders of the Listed Company | 3,038,009,584.99 | 2,911,593,361.89 | 4.34% | | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%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 52.05 million** for the reporting period and **RMB 125.03 million** year-to-date, primarily from fair value changes of financial assets and investment income, mainly due to investment returns from Jinpu Emerging Industry Fund and increased fair value of held fund assets Non-Recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (RMB) | Amount Year-to-Date (RMB) | Description | | :--- | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -274,768.78 | -87,022.93 | | | Tax Refunds and Reductions | 13,689.84 | 169,298.69 | | | Government Grants | 4,277,627.51 | 10,419,501.69 | | | Fair Value Change Gains/Losses on Financial Assets Held for Trading and Investment Income | 79,095,224.48 | 172,786,667.52 | Mainly due to investment income received from Jinpu Emerging Industry Fund and increased fair value of held fund assets | | Other Non-Operating Income and Expenses | -12,020,028.13 | -12,377,813.20 | | | Less: Income Tax Impact | 17,758,073.20 | 42,479,238.88 | | | Minority Interest Impact (After Tax) | 1,286,066.53 | 3,398,029.69 | | | **Total** | **52,047,605.19** | **125,033,363.20** | -- | [Changes and Reasons for Key Accounting Data and Financial Indicators](index=3&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%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) Multiple balance sheet, income statement, and cash flow items experienced significant changes, with cash and prepayments increasing, while financial assets and construction in progress decreased; revenue grew due to new energy vehicle business, investment income rose, but fair value gains declined; operating cash flow decreased due to increased procurement and taxes, investing cash flow increased from fund distributions, and financing cash flow decreased due to loan repayments - Cash and cash equivalents increased by **44.85%** from the beginning of the year, primarily due to fund investment returns and matured wealth management products being converted to fixed deposits[9](index=9&type=chunk) - Prepayments increased by **1,631.39%** from the beginning of the year, mainly due to growth in new energy vehicle parts business and increased advance payments for materials[9](index=9&type=chunk) - Operating revenue increased by **35.44%** year-over-year, primarily driven by the growth in the new energy vehicle-related business of subsidiaries[9](index=9&type=chunk) - Investment income increased by **2,845.60%** year-over-year, mainly due to fund income distribution from subsidiary investments[9](index=9&type=chunk) - Fair value change gains decreased by **97.20%** year-over-year, primarily due to fund income distribution from investments and market fluctuations[9](index=9&type=chunk) - Net cash flow from operating activities decreased by **80.78%** year-over-year, mainly due to increased material purchases and tax payments for business needs during the reporting period[9](index=9&type=chunk) - Net cash flow from investing activities increased by **257.53%** year-over-year, primarily due to the receipt of fund income distribution from investments during the reporting period[10](index=10&type=chunk) - Net cash flow from financing activities decreased by **257.49%** year-over-year, mainly due to subsidiaries repaying borrowings during the reporting period[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) As of the reporting period end, the company had **44,323** common shareholders, with the top ten including major shareholder Song Lin and other individual and institutional investors [Total Number of Common Shareholders and Voting Rights Restored Preferred Shareholders, and Top Ten Shareholders' Holdings](index=4&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company had **44,323** common shareholders, with Song Lin holding the largest stake at **34.34%**, including restricted shares - Total number of common shareholders at period-end: **44,323**[12](index=12&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares (shares) | Number of Restricted Shares (shares) | | :--- | :--- | :--- | :--- | :--- | | Song Lin | Domestic Natural Person | 34.34% | 265,060,000.00 | 198,795,000.00 | | Jiang Suqing | Domestic Natural Person | 1.28% | 9,850,810.00 | 0 | | Liu Yuanjun | Domestic Natural Person | 0.91% | 7,034,650.00 | 0 | | China Construction Bank Co., Ltd. - Xinao New Energy Industry Stock Investment Fund | Domestic Non-State-Owned Legal Person | 0.69% | 5,297,934.00 | 0 | | Shan Guanglin | Domestic Natural Person | 0.55% | 4,250,200.00 | 0 | | Wang Meng | Domestic Natural Person | 0.45% | 3,484,500.00 | 0 | | Wang Yuesheng | Domestic Natural Person | 0.37% | 2,820,000.00 | 0 | | Guo Jie | Domestic Natural Person | 0.36% | 2,758,500.00 | 0 | | Li Hua | Domestic Natural Person | 0.33% | 2,541,600.00 | 0 | | Ye Gaorong | Domestic Natural Person | 0.28% | 2,167,500.00 | 0 | - The company is unaware of any associated relationships among the aforementioned other shareholders, nor whether they constitute concerted parties as defined by the 'Administrative Measures for Information Disclosure on Shareholding Changes of Listed Companies'[12](index=12&type=chunk) [Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings](index=5&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E5%85%AC%E5%8F%B8%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%2010%20%E5%90%8D%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company has no preferred shareholders - The company has no preferred shareholders[13](index=13&type=chunk) [Other Significant Matters](index=5&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) There are no other significant matters to report for the period - There are no other significant matters for the company[13](index=13&type=chunk) [Quarterly Financial Statements](index=5&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) This section provides the consolidated balance sheet, income statement, and cash flow statement for the period ending September 30, 2022 [Financial Statements](index=5&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) The financial statements for Q3 2022 include the consolidated balance sheet, income statement, and cash flow statement, detailing the company's financial position, performance, and liquidity [Consolidated Balance Sheet](index=5&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) Presents the company's financial position as of September 30, 2022, detailing assets, liabilities, and equity Consolidated Balance Sheet (As of September 30, 2022) | Item | September 30, 2022 (RMB) | January 1, 2022 (RMB) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,320,948,579.53 | 911,924,701.39 | | Financial Assets Held for Trading | 82,197,208.22 | 254,048,570.64 | | Notes Receivable | 120,630,000.00 | 81,750,000.00 | | Prepayments | 349,560,874.70 | 20,189,619.37 | | Inventories | 897,252,745.42 | 970,612,034.04 | | Total Current Assets | 3,614,763,114.26 | 2,942,210,154.27 | | Long-Term Equity Investments | 2,169,282.68 | 3,377,819.36 | | Investment Properties | 155,448,886.92 | 110,026,211.60 | | Construction in Progress | 62,329,749.74 | 108,100,644.47 | | Total Non-Current Assets | 2,293,727,219.60 | 2,509,464,976.44 | | **Total Assets** | **5,908,490,333.86** | **5,451,675,130.71** | | Short-Term Borrowings | 432,689,660.97 | 313,290,723.17 | | Notes Payable | 20,000,000.00 | 163,870,000.00 | | Accounts Payable | 1,440,343,948.31 | 1,153,985,271.70 | | Taxes Payable | 61,967,314.99 | 32,166,237.31 | | Other Payables | 115,454,662.26 | 70,904,331.21 | | Total Current Liabilities | 2,200,040,016.83 | 1,865,223,990.16 | | Total Non-Current Liabilities | 188,097,695.62 | 200,510,755.27 | | **Total Liabilities** | **2,388,137,712.45** | **2,065,734,745.43** | | Total Equity Attributable to Parent Company Shareholders | 3,038,009,584.99 | 2,911,593,361.89 | | Minority Interests | 482,343,036.42 | 474,347,023.39 | | **Total Equity** | **3,520,352,621.41** | **3,385,940,385.28** | [Consolidated Income Statement from Year-Beginning to End of Reporting Period](index=7&type=section&id=2%E3%80%81%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) Details the company's financial performance for the nine months ended September 30, 2022, including revenues, costs, and profits Consolidated Income Statement from Year-Beginning to End of Reporting Period (January-September 2022) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 4,401,173,878.88 | 3,249,495,852.81 | | Total Operating Costs | 4,247,277,629.45 | 3,140,489,028.14 | | Of which: Operating Cost | 4,075,381,511.04 | 2,987,860,169.02 | | Taxes and Surcharges | 16,427,012.19 | 11,483,859.85 | | Selling Expenses | 2,136,976.05 | 2,347,128.71 | | Administrative Expenses | 118,128,079.42 | 106,402,672.26 | | R&D Expenses | 51,060,119.02 | 42,822,022.05 | | Financial Expenses | -15,856,068.27 | -10,426,823.75 | | Investment Income | 167,545,404.25 | 5,687,989.22 | | Fair Value Change Gains | 6,047,726.59 | 215,834,202.81 | | Credit Impairment Losses | -1,490,566.53 | -615,663.46 | | Asset Impairment Losses | -4,291,858.58 | -1,634,922.60 | | Operating Profit | 332,208,732.61 | 338,330,359.21 | | Total Profit | 332,250,914.30 | 337,319,151.67 | | Net Profit | 262,686,279.43 | 266,321,632.18 | | Net Profit Attributable to Parent Company Shareholders | 209,987,234.21 | 234,074,821.94 | | Minority Interest Income/Loss | 52,699,045.22 | 32,246,810.24 | | Basic Earnings Per Share | 0.27 | 0.30 | | Diluted Earnings Per Share | 0.27 | 0.30 | [Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period](index=9&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Outlines the company's cash inflows and outflows from operating, investing, and financing activities for the nine months ended September 30, 2022 Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period (January-September 2022) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Subtotal of Cash Inflows from Operating Activities | 2,817,209,720.41 | 2,059,112,326.56 | | Subtotal of Cash Outflows from Operating Activities | 2,780,239,594.44 | 1,866,728,545.83 | | Net Cash Flow from Operating Activities | 36,970,125.97 | 192,383,780.73 | | Subtotal of Cash Inflows from Investing Activities | 1,145,855,331.75 | 132,077,852.42 | | Subtotal of Cash Outflows from Investing Activities | 709,818,459.40 | 408,869,892.29 | | Net Cash Flow from Investing Activities | 436,036,872.35 | -276,792,039.87 | | Subtotal of Cash Inflows from Financing Activities | 396,416,263.30 | 256,504,925.00 | | Subtotal of Cash Outflows from Financing Activities | 461,433,926.77 | 215,221,659.55 | | Net Cash Flow from Financing Activities | -65,017,663.47 | 41,283,265.45 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 11,916,677.74 | -2,647,772.19 | | Net Increase in Cash and Cash Equivalents | 419,906,012.59 | -45,772,765.88 | | Cash and Cash Equivalents at Period-End | 1,118,915,609.38 | 872,339,407.24 | [Audit Report](index=10&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's 2022 third-quarter report is unaudited - The company's third-quarter report is unaudited[21](index=21&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,587,418,950.45, representing a 19.82% increase compared to ¥2,159,401,926.62 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥107,453,029.27, up 32.52% from ¥81,085,606.69 in the previous year[23]. - Basic earnings per share increased by 27.27% to ¥0.14 from ¥0.11 in the previous year[23]. - The total revenue for the company increased by 19.82% compared to the same period last year, driven by the growth in the automotive parts business[33]. - The company reported a net profit after deducting non-recurring gains and losses of ¥34,467,271.26, down 17.65% from ¥41,854,236.10 in the same period last year[23]. - The total comprehensive income for the first half of 2022 was CNY 132,199,455.66, compared to CNY 96,488,969.22 in the same period of 2021, reflecting a growth of 37.0%[133]. - The company reported a profit margin of approximately 5.1% for the first half of 2022, compared to 4.5% in the same period of 2021[133]. Cash Flow and Investments - The net cash flow from operating activities decreased by 27.35% to ¥95,548,523.11 from ¥131,523,504.08 in the same period last year[23]. - The company achieved a significant increase of 283.13% in net cash flow from investing activities, totaling ¥427.55 million, compared to a negative cash flow of ¥233.47 million in the previous year[47]. - The total cash inflow from investment activities was ¥985,224,519.16, significantly up from ¥37,420,806.38 in the first half of 2021, indicating a strong recovery in investment activities[140]. - The net cash flow from financing activities was -¥133,637,433.75, compared to a positive cash flow of ¥18,020,331.90 in the first half of 2021, reflecting increased debt repayments and dividend distributions[140]. - The company reported a net increase in cash and cash equivalents of ¥393,589,555.76, compared to a decrease of ¥86,743,177.64 in the same period last year[140]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,764,018,370.25, a 5.73% increase from ¥5,451,675,130.71 at the end of the previous year[23]. - The company's asset-liability ratio rose to 40.68%, compared to 37.89% at the end of the previous year[51]. - Current liabilities rose to CNY 2,129,323,659.68, compared to CNY 1,865,223,990.16, indicating an increase of approximately 14.2%[125]. - Total liabilities amounted to CNY 2,344,846,575.73, up from CNY 2,065,734,745.43, marking a rise of around 13.5%[125]. - Cash and cash equivalents increased to CNY 1,265,478,000, representing 21.95% of total assets, up from 16.73% at the end of the previous year[51]. Business Operations - The company's automotive parts business revenue reached 2.283 billion CNY, a year-on-year increase of 23.81%, with new energy-related business accounting for approximately 34.42% of this revenue[33]. - The automotive industry faced challenges in the first half of 2022, with total vehicle production and sales down by 3.7% and 6.66% year-on-year, respectively[32]. - The company has established the "New Peng Technology Industrial Park" and the second phase of the Suzhou smart factory to enhance production capacity and competitiveness in the international market[35]. - The company has implemented measures to mitigate the impact of the COVID-19 pandemic on its operations, ensuring a stable workforce and production recovery[35]. - The company has established joint ventures with SAIC Volkswagen, enhancing stability and continuity in its automotive parts business[41]. Research and Development - The company's R&D investment increased by 22.77% to ¥31.22 million from ¥25.43 million in the previous year[47]. - The company has allocated 100 million yuan for research and development in new technologies[145]. - The company has allocated 2,500,000 CNY for research and development of new technologies[151]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. - The company is facing risks from raw material price fluctuations, particularly in steel and aluminum, which could impact production costs and operating profits[64]. - Labor costs are on the rise, which is compressing profit margins; the company plans to enhance smart manufacturing to mitigate this risk[66]. - The company has established a comprehensive risk control system to manage uncertainties arising from the COVID-19 pandemic and international competition[64]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The annual shareholders' meeting had a participation rate of 35.05%, where key financial reports and profit distribution plans were approved[69]. - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and adheres to relevant laws and regulations to ensure fair information disclosure[76]. - The company has not engaged in any significant related party transactions during the reporting period[88]. Future Outlook - The future outlook remains positive, with a projected revenue growth of 10% for the next half-year[145]. - The company plans to expand its market presence and invest in new product development to drive future growth[149]. - The company aims to enhance its operational efficiency through strategic mergers and acquisitions in the upcoming quarters[156].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,396,175,019.83, representing a 39.68% increase compared to ¥999,549,256.92 in the same period last year[3] - Net profit attributable to shareholders was ¥71,869,413.38, a significant increase of 141.11% from ¥29,807,704.33 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥29,543,666.56, up 27.91% from ¥23,097,137.95 in the previous year[3] - The total operating revenue for Q1 2022 was RMB 1,396,175,019.83, an increase of 39.8% compared to RMB 999,549,256.92 in the same period last year[16] - The total operating costs for Q1 2022 amounted to RMB 1,337,545,136.32, up 38.5% from RMB 964,981,122.93 in Q1 2021[16] - The net profit for Q1 2022 was CNY 89,506,060.06, a significant increase from CNY 36,858,706.66 in Q1 2021, representing a growth of approximately 142.5%[17] - The total profit for the period was CNY 115,567,910.33, compared to CNY 46,539,545.33 in the previous year, indicating an increase of approximately 148.5%[17] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.093, up from CNY 0.039 in Q1 2021, representing an increase of about 138.5%[18] Cash Flow and Assets - The company's cash flow from operating activities decreased by 64.88% to ¥21,227,613.41, down from ¥60,437,211.45 in the same period last year[8] - Cash and cash equivalents at the end of Q1 2022 were RMB 956,721,439.27, up from RMB 911,924,701.39 at the beginning of the year, reflecting a growth of 4.9%[13] - The cash flow from operating activities showed a net inflow of CNY 21,227,613.41, down from CNY 60,437,211.45 in the same period last year, reflecting a decrease of approximately 64.9%[19] - The cash flow from investing activities resulted in a net outflow of CNY 47,478,302.07, an improvement from a net outflow of CNY 140,307,009.51 in the previous year[21] - The cash and cash equivalents at the end of the period stood at CNY 748,637,633.68, compared to CNY 901,178,679.01 at the end of Q1 2021, showing a decrease of approximately 17%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,803,369,255.45, a 6.45% increase from ¥5,451,675,130.71 at the end of the previous year[3] - The total assets as of March 31, 2022, were RMB 5,803,369,255.45, compared to RMB 5,451,675,130.71 at the beginning of the year, indicating an increase of 6.4%[16] - The total liabilities increased to RMB 2,328,698,763.91 from RMB 2,065,734,745.43, representing a rise of 12.8%[15] - The company's inventory at the end of Q1 2022 was RMB 1,025,255,127.62, an increase of 5.6% from RMB 970,612,034.04 at the beginning of the year[14] - The accounts receivable increased to RMB 612,416,040.72 from RMB 562,951,002.71, reflecting an increase of 8.8%[13] - The company reported a significant increase in financial assets, with trading financial assets rising to RMB 333,628,782.80 from RMB 254,048,570.64, a growth of 31.2%[13] Research and Development - The company's R&D expenses increased by 47.15% compared to the previous year, indicating a focus on innovation and development[7] - Research and development expenses for Q1 2022 were RMB 17,773,072.53, up from RMB 12,078,349.01 in the previous year, indicating a growth of 47.2%[16] Other Financial Metrics - The weighted average return on equity improved to 2.44%, up from 1.14% in the previous year[3] - The company reported a 115.66% increase in contract liabilities, reflecting a rise in advance sales payments received[7] - The company recorded operating expenses of CNY 757,214,615.68, which increased from CNY 516,308,415.87 in the same period last year, reflecting a rise of about 46.6%[19] - The company's total assets disposal income was CNY 120,664.81, compared to a loss in the previous year, indicating a positive shift in asset management[17]

Dividend Distribution - The company plans to distribute a cash dividend of 1.30 RMB per 10 shares based on a total of 771,770,000 shares, with no stock bonus[5]. - A cash dividend of CNY 1.30 per 10 shares was proposed, amounting to a total cash dividend of CNY 100,330,100.00[140]. - The cash dividend distribution accounted for 100% of the profit distribution total, reflecting a commitment to returning value to shareholders[140]. Financial Performance - The company reported a commitment to maintaining accurate and complete financial reporting, ensuring accountability from its management team[4]. - The company’s financial reports are publicly disclosed through various media, including China Securities Journal and Shanghai Securities Journal[18]. - The company achieved operating revenue of CNY 472,163.20 million and net profit of CNY 39,942.87 million, representing increases of 11.08% and 176.13% respectively compared to the previous year[53]. - The company's operating revenue for 2021 was CNY 4,721,631,986.72, representing an increase of 11.08% compared to 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 399,428,677.39, a significant increase of 176.13% from the previous year[20]. - The basic earnings per share for 2021 was CNY 0.52, up 173.68% from CNY 0.19 in 2020[20]. - The total assets at the end of 2021 were CNY 5,451,675,130.71, reflecting a growth of 15.09% compared to the end of 2020[21]. - The net assets attributable to shareholders increased by 11.77% to CNY 2,911,593,361.89 at the end of 2021[21]. Business Operations - The company has established five major manufacturing centers in Shanghai, Suzhou, Ningbo, Changsha, and Yangzhou, focusing on automotive parts, metal, and communication components[19]. - The company emphasizes its dual business model, focusing on both manufacturing and investment sectors[19]. - The company is actively expanding its business in the new energy vehicle sector, aligning with industry trends[31]. - The company has initiated the "New Peng Technology Industrial Park" in Shanghai and a second-phase smart factory in Suzhou to increase production capacity and meet customer demands[40]. - The company has established a joint venture with SAIC Volkswagen, setting up factories in Shanghai and Yangzhou to ensure stable operations and meet customer demands[46]. - The company is constructing a new smart factory in Suzhou, covering approximately 26,000 square meters, expected to be completed in 2022, enhancing production capacity in the energy storage sector[59]. Research and Development - Research and development expenses increased by 19.06% to approximately CNY 66.60 million in 2021[72]. - The company is developing a robotic system for precise welding tasks, aiming to improve the quality of automotive assembly welds and enhance production capacity[73]. - The R&D projects focus on enhancing automation and quality in the automotive parts manufacturing sector, particularly in collaboration with major clients like SAIC Volkswagen[73][74]. - The company is focusing on developing technologies that can be applied across various industries, not limited to the automotive sector[75]. Investment Strategy - Since 2016, the company has entered the investment sector through a partnership with Jinpu, managing funds primarily in emerging industries, pre-IPO companies, and the semiconductor field[19]. - The company has established a new investment management entity, Shanghai Jinpu New Peng Investment Management Co., Ltd., to diversify its investment portfolio and enhance profitability[43]. - The company has invested approximately CNY 10,000 million in various projects, including CNY 2,500 million in Tai Xing Yong Zhi Electronic Device Co., Ltd. and CNY 3,680 million in Suzhou Keyun Laser Technology Co., Ltd.[56]. Governance and Compliance - The company has established a governance structure that promotes stable and healthy development, with no significant internal control deficiencies found[105]. - The company maintains independence from its controlling shareholder in business, assets, personnel, and finance[109]. - The company has implemented a transparent performance evaluation and incentive mechanism for its directors and senior management[107]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with shareholders[108]. - The company has established an investor relations management system to enhance communication with investors[108]. Market Trends and Challenges - The company is aware of risks related to the COVID-19 pandemic and intensified international competition, which may impact overseas market expansion and logistics[97]. - The company faces risks from fluctuations in raw material prices, particularly steel and aluminum, which could affect production costs and operating profits[98]. - The company anticipates a complex economic environment in 2022, with a focus on internal demand and maintaining core competitiveness amid external pressures[92]. Employee Management - The total number of employees at the end of the reporting period was 910, with 570 in production, 149 in technical roles, and 25 in sales[134]. - The company emphasized training programs to enhance employee skills and cohesion, including management and quality system training[137]. - The company has no retired employees requiring pension costs, indicating a focus on current workforce management[134]. Environmental Responsibility - The company has a commitment to social responsibility and environmental sustainability as part of its operational strategy[19]. - The company adheres to national and local environmental standards, promoting sustainable development and resource conservation[159]. - The company has not faced any administrative penalties for environmental issues during the reporting period[156].

上海新朋实业股份有限公司 2021 年第三季度报告 证券代码：002328 证券简称：新朋股份 公告编号：2021-039 上海新朋实业股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 1,090,093,926.19 | -1.46% | 3,249,495,852.81 | 27 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,159,401,926.62, representing a 49.51% increase compared to ¥1,444,296,421.96 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached ¥81,085,606.69, a significant increase of 140.14% from ¥33,765,709.39 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥41,854,236.10, up 139.87% from ¥17,448,763.76 year-on-year[20]. - The basic earnings per share increased to ¥0.11, reflecting a growth of 175.00% compared to ¥0.04 in the same period last year[20]. - The company's revenue for the reporting period reached ¥2,159,401,926.62, representing a 49.51% increase compared to ¥1,444,296,421.96 in the same period last year[42]. - The total operating revenue for the first half of 2021 reached CNY 2,159,401,926.62, a significant increase from CNY 1,444,296,421.96 in the same period of 2020, representing a growth of approximately 49.5%[134]. - The net profit for the first half of 2021 reached CNY 263,560,284.14, significantly up from CNY 14,944,137.30 in the first half of 2020, representing an increase of approximately 1,661.5%[140]. - Basic and diluted earnings per share for the first half of 2021 were CNY 0.34, compared to CNY 0.02 in the same period of 2020, marking a substantial increase of 1,600%[141]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,609,161,452.84, a decrease of 2.70% from ¥4,737,083,088.29 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥2,589,780,232.35, down 0.58% from ¥2,604,998,154.44 at the end of the previous year[20]. - Cash and cash equivalents at the end of the reporting period amounted to ¥868,341,314.8, representing 18.84% of total assets, a decrease of 1.97% compared to the previous year[48]. - Accounts receivable increased to ¥372,227,004.5, accounting for 8.08% of total assets, an increase of 2.42% year-on-year[48]. - Inventory decreased to ¥657,414,159.2, which is 14.26% of total assets, reflecting a decline of 3.17% from the previous year[48]. - Long-term equity investments rose to ¥2,607,827.24, representing 0.06% of total assets, an increase of 0.03% year-on-year[48]. - Fixed assets totaled ¥1,065,763,879, accounting for 23.12% of total assets, down 1.28% from the previous year[48]. - Total liabilities decreased to CNY 62,803,482.78 in the first half of 2021 from CNY 80,994,394.70 in the same period of 2020, a reduction of approximately 22.4%[133]. Cash Flow - The net cash flow from operating activities was ¥131,523,504.08, which is a decrease of 20.96% compared to ¥166,393,153.02 in the same period last year[20]. - The net cash flow from operating activities for the first half of 2021 was ¥5,710,783.26, a decrease of 86.9% compared to ¥40,562,528.89 in the first half of 2020[148]. - Total cash inflow from investment activities in the first half of 2021 was ¥107,888,471.31, down from ¥658,163,501.80 in the same period of 2020[148]. - The net cash flow from investment activities increased to ¥42,049,293.31 in the first half of 2021, compared to ¥30,393,225.90 in the first half of 2020, representing a growth of 38.5%[148]. - Cash outflow from financing activities was ¥99,730,305.38 in the first half of 2021, slightly up from ¥99,030,100.00 in the first half of 2020[148]. Business Operations - The company's manufacturing business primarily involves automotive parts and metal and communication components, with a focus on R&D, production, and sales services[28]. - In the automotive parts sector, the company provides services to major clients like SAIC Volkswagen, with a comprehensive manufacturing capability covering various components[31]. - The automotive industry saw production and sales growth of 24.2% and 25.6% respectively in the first half of 2021, with a significant increase in new energy vehicle sales[34]. - The company has developed a dual-core strategy with manufacturing and investment businesses to enhance industry expansion and profitability[30]. - The company has established production bases in Ningbo and Changsha to support SAIC Volkswagen, ensuring stable and continuous business operations[37]. - The company is enhancing its domestic customer base to improve competitiveness and profitability amid a thriving domestic economy[36]. - The establishment of the "New Peng Technology Industrial Park" and the Suzhou Intelligent Phase II factory is expected to further increase the company's production capacity and competitiveness in international markets[34]. Investment and Partnerships - The company has established partnerships with investment funds, focusing on emerging industries and semiconductor sectors, aiming for good investment returns[29]. - As of June 30, 2021, the company participated in several funds, with total investments amounting to 7,998,000 yuan in Suzhou Raiming Laser Technology Co., Ltd., representing 6.80% of the fund[29]. - The company has achieved a significant increase in foreign sales, which rose by 101.02% to ¥241,219,273.01, indicating successful international market expansion[44]. Risks and Challenges - The company faces significant market risks due to global pandemic impacts, semiconductor shortages, and raw material price fluctuations, which may lead to substantial operational impacts[61]. - Export logistics have encountered challenges, including difficulties in container booking and rising shipping costs, which could severely impact future exports if conditions worsen[62]. - The company has a high customer concentration in the automotive parts sector, which poses operational risks if major clients' production volumes decline[62]. - Investment projects have shown some success, but there are risks related to strategic decision-making and market conditions affecting expected returns[62]. Corporate Governance and Compliance - The company emphasizes environmental protection and compliance with relevant laws, with no reported administrative penalties during the reporting period[72]. - The company actively engages in social responsibility initiatives, including donations to charitable foundations and support for disadvantaged groups[74]. - The company has maintained a stable governance structure with no changes in key management personnel during the reporting period[66]. - The company has not engaged in any significant equity or asset sales during the reporting period[57][58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,598[113]. - The largest shareholder, Song Lin, holds 34.34% of the total shares, amounting to 265,060,000 shares[113]. - Jiangsu Xinchao Technology Group Co., Ltd. reduced its holdings by 2,501,480 shares during the reporting period[113]. Financial Reporting and Standards - The financial report for the first half of 2021 was not audited[124]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[169].