Group 1: Company Overview - Zhejiang Jingu Co., Ltd. focuses on the production of lightweight automotive wheels, contributing to carbon emission reduction and aligning with national energy transition strategies [1] - The company is recognized as a national automotive parts export base and a leading enterprise in the wheel industry by the China Automotive Industry Association [1] Group 2: Product Features - The "Avatar" low-carbon wheel technology offers lightweight, high precision, and high strength, with a weight comparable to aluminum wheels but at a significantly lower cost [1] - Key advantages of the Avatar low-carbon wheel include lightweight, high strength, high precision, innovative appearance, better balance, enhanced deformation resistance, and durability [1] Group 3: Production Capacity and Expansion Plans - Current production capacity is approximately 12 million units, with one production line for Avatar low-carbon wheels capable of producing 1 million units [2] - Planned expansions include: - 2022: One additional production line at the Fuyang site, expected to add 1 million units - 2023: One production line in Nanning, adding another 1 million units, and two lines in Hefei, adding 2 million units [2] - The company aims to reach annual production capacities of 5 million units in 2023 and 10 million units in 2024 [2] Group 4: Funding Sources - Funding for the construction of Avatar low-carbon wheel production lines will primarily come from self-owned funds and bank project loans [3] - Self-owned funds are raised through the sale of non-core business assets, including the sale of 100% equity in Jingu New Energy and 2.42% equity in Xinkangzhong in 2021, and 100% equity in Jingu Environmental Protection in 2022 [3]

浙江金固股份有限公司投资者关系活动 记录表 编号：20220531 | --- | --- | --- | |-------------------------|---------------------------------------------------------------|--------------------------------------------------------------------------------------------------| | | | | | | | □特定对象调研 □分析师会议 | | 投资者关系活动类 | □媒体采访 | □业绩说明会 | | 别 | □新闻发布会 □路演活动 现场参观 | | | 活动参与人员 | □其他（请文字说明其他活动内容） 联储证券：陈青 泰盛投资：杜奇 | | | | 中纬资产：张瑞锦 | | | | | | | 时间 | 2022 年 5 月 31 | 日（9:30-11:30 ） | | 地点 | 浙江金固股份有限公司 | | | 形式 | 投资者接待日活动 | | | | 一、金固股份基本情况 | | | | ...

Company Overview - Zhejiang Jingu Co., Ltd. is a high-tech enterprise focused on the production of automotive wheels, emphasizing lightweight research and manufacturing [1] - The company has developed the "Avatar" lightweight wheel technology, which effectively reduces carbon emissions and aligns with national energy transition strategies [1] - Recognized as one of the first national automotive parts export bases and a leading enterprise in the wheel industry by the China Automotive Industry Association [1] Product Features - The Avatar low-carbon wheel is characterized by lightweight, high precision, and high strength, with a weight comparable to aluminum wheels but at a significantly lower cost [1] - Key advantages include lightweight, high strength, high precision, innovative appearance, better balance, enhanced deformation resistance, and durability [1] Production Capacity - Current production capacity is approximately 12 million units, with one production line for Avatar low-carbon wheels capable of producing 1 million units [2] - Planned expansions include: - 2022: 1 new production line at Fuyang site, adding 1 million units capacity [2] - 2023: 1 new production line in Nanning, adding 1 million units capacity; 2 new production lines in Hefei, adding 2 million units capacity [2] - Future production targets aim for 5 million units in 2023 and 10 million units in 2024 [2] Strategic Focus - The core strategy is to focus on the main business and rapidly expand production capacity for Avatar low-carbon wheels, with plans for nationwide and global production line deployment to meet market demand [2][3] Q&A Highlights - Current production line for Avatar low-carbon wheels is 1, with a capacity of 1 million units; an additional line is under construction at Fuyang [2] - Plans for 2 production lines in Nanning and 4 lines in Hefei, with ongoing construction expected to complete by mid-2023 [3] Disclosure Information - The activity did not involve any major information that requires disclosure [3]

浙江金固股份有限公司投资者关系活动 记录表 编号：20220712 | --- | --- | --- | |-------------------------|--------------------------------|----------------------------------------------------| | 投资者关系活动类 | □媒体采访 | □特定对象调研 □分析师会议 \n□业绩说明会 | | 别 | □新闻发布会 现场参观 | 路演活动 | | | | 其他（请文字说明其他活动内容） | | 活动参与人员 | 建信基金：何坤华 | | | 时间 | 2022 年 7 月 12 日（ | 10:40-13:30 ） | | 地点 | 浙江金固股份有限公司 | | | 形式 | 一对多交流 | | | | 一、金固股份基本情况 | | | | | 公司是一家聚焦汽车车轮生产的高新技术企业，多 | | | | 年来致力于车轮的轻量化研发和制造，深耕多年自主研 | | | | 发的"阿凡达"轻量化车轮技术能有效降低碳排放，响 | | | | 应国家能源转型，契合国家关于"碳达峰、 ...

浙江金固股份有限公司投资者关系活动 记录表 编号：20220706 | --- | --- | --- | |-----------------------|---------------------------------|--------------------------------------------------------------------------------------------------| | 投资者关系活动类 \n别 | ☑ \n□媒体采访 \n□现场参观 | 特定对象调研 □分析师会议 \n□业绩说明会 \n□新闻发布会 □路演活动 \n□其他（请文字说明其他活动内容） | | 活动参与人员 | 信达证券：陆嘉敏 中融基金：熊健 | | | 时间 | 2022 年 7 月 6 | 日（11:50-13:30 ） | | 地点 | 深圳 | | | 形式 | 线下交流 | | | | 一、金固股份基本情况 | | | | | 公司是一家聚焦汽车车轮生产的高新技术企业，多 | | | | | | | | 年来致力于车轮的轻量化研发和制造，深耕多年自主研 | | | | 发的"阿 ...

浙江金固股份有限公司投资者关系活动 记录表 编号：20220831 | --- | --- | --- | |-------------------------|----------------------------------------|----------------------------------------------------| | | | | | | | □特定对象调研 □分析师会议 | | 投资者关系活动类 | □媒体采访 | □业绩说明会 | | 别 | □新闻发布会 □路演活动 | | | | ☑ 现场参观 | | | | □其他（请文字说明其他活动内容） | | | 活动参与人员 | 中融基金：甘传琦 中融基金：孙志东 | | | 时间 | 中融基金：冯琪 2022 年 8 月 31 | 日（10:00-13:00 ） | | 地点 | 浙江金固股份有限公司 | | | 形式 | 一对一交流 | | | | | | | | 一、金固股份基本情况 | | | | | 公司是一家聚焦汽车车轮生产的高新技术企业，多 | | | | 年来致力于车轮的轻量化研发和制造，深耕多年自主研 | ...

浙江金固股份有限公司投资者关系活动 记录表 编号：20221028 | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动类 \n别 | □特定对象调研□分析师会议 \n□媒体采访□业绩说明会 \n□新闻发布会□路演活动 \n☑ 现场参观 \n□其他（请文字说明其他活动内容） | | 活动参与人员 | 联合同花顺组织，韩浩亮、戴简籍、陈凯、储凡、李家 旭、徐越峰、甘伊丽、张功、胡斌、褚嘉斌、李小鹏、 杜咏泉、赵威震、黄佳伟、易安、袁浩、季愈等一行 | | 时间 | 2022 年 10 月 28 日（ 13:30-16:30 ） | | 地点 | 浙江金固股份有限公司 | | 形式 | 一对多交流 | | | 一、金固股份基本情况 | | | 公司是一家以汽车车轮的研发、生产 ...

Financial Performance - The company's revenue for Q3 2022 was ¥771,834,976.02, representing a year-on-year increase of 17.98%[6] - The net profit attributable to shareholders for Q3 2022 was ¥5,806,118.14, a decrease of 89.27% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,039,808.16, an increase of 100.98% year-on-year[6] - Total operating revenue for the third quarter reached ¥2,256,453,761.96, an increase of 20.5% compared to ¥1,873,118,237.66 in the same period last year[30] - The net profit for the period was ¥903,068,063.13, a significant increase from ¥125,530,650.78, marking a year-over-year growth of approximately 619.5%[34] - The basic and diluted earnings per share were both ¥0.90, up from ¥0.13 in the previous period, reflecting a growth of approximately 592.3%[37] - The company reported a total comprehensive income of ¥901,927,236.77, compared to ¥123,101,646.96, reflecting a growth of approximately 632.5%[37] Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥7,872,120,963.89, up 19.07% from the end of the previous year[6] - Current assets totaled ¥2,815,567,880.20, up from ¥2,624,765,423.98 year-on-year, reflecting a growth of 7.3%[26] - Non-current assets increased significantly to ¥5,056,553,083.69 from ¥3,986,809,378.04, marking a growth of 27%[26] - Total liabilities rose to ¥3,039,107,690.67 from ¥2,788,827,320.09, indicating an increase of 9%[29] - The company's equity attributable to shareholders reached ¥4,829,506,663.28, up from ¥3,822,543,985.63, reflecting a growth of 26.4%[29] Cash Flow - The company reported a net cash flow from operating activities of -¥190,005,000.81, a decrease of 3.05% compared to the previous year[6] - The net cash flow from operating activities was significantly positive, indicating strong operational performance[38] - The net cash flow from operating activities was -190,005,000.81, showing a slight improvement from -195,990,685.39 in the previous period[41] - Total cash inflow from operating activities amounted to 2,686,907,105.55, compared to 2,342,739,948.64 in the prior year, reflecting a year-over-year increase of approximately 14.7%[41] - Cash outflow for purchasing goods and services increased significantly to 2,492,062,350.05 from 1,767,701,952.97, indicating a rise of about 41.0%[41] - The net cash flow from investing activities was 7,682,671.79, down from 256,869,003.83 in the previous period, highlighting a decrease in investment returns[41] - Cash inflow from financing activities totaled 2,203,870,273.55, an increase from 1,744,093,267.34, representing a growth of approximately 26.3%[41] - The net cash flow from financing activities was 27,537,002.23, compared to -3,616,235.73 in the previous period, indicating a positive shift[41] Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,383, with the top ten shareholders holding significant stakes[15] - Sun Fengfeng holds 10.03% of shares, amounting to 100,473,422 shares, while Sun Jinguo holds 5.10% with 51,107,461 shares[15] Industry and Market Trends - The company is recognized as a leading enterprise in the automotive wheel industry and has been awarded as a green factory by the Ministry of Industry and Information Technology[20] - From January to September 2022, China's automobile production and sales reached 19.632 million and 19.47 million units, respectively, with year-on-year growth of 7.4% and 4.4%[22] - New energy vehicle production and sales during the same period reached 4.717 million and 4.567 million units, with year-on-year growth of 120% and 110%, capturing a market share of 23.5%[22] - The company is positioned to benefit from national policies promoting green and low-carbon development, which supports the growth of the new energy vehicle sector[22] Research and Development - The company is focusing on the development of its Avatar low-carbon wheel business, aiming to expand market presence and production capacity[23] - The Avatar low-carbon wheel technology is designed to significantly reduce energy consumption and carbon emissions compared to aluminum alloy wheels[23] - The company plans to enhance production capacity at its Avatar factories in Fuyang, Nanning, and Hefei to meet future market demand[23] - The strategic focus on lightweight and high-strength products aligns with the ongoing transition from traditional vehicles to new energy vehicles[23] Tax and Expenses - The company experienced a 68.63% increase in tax and additional fees, totaling ¥7,310,878.11, primarily due to property tax payments[14] - The tax expenses rose to ¥258,763,462.64 from ¥36,903,459.91, showing an increase of approximately 600.5%[34] - Research and development expenses decreased to ¥29,314,683.87 from ¥34,581,863.20, a reduction of about 15.3%[34] - The company’s financial expenses decreased to ¥49,182,091.23 from ¥69,045,662.61, a reduction of about 28.8%[34]

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[1]. - Net profit attributable to shareholders reached RMB 150 million, up 20% compared to the same period last year[1]. - The company's operating revenue for the reporting period reached ¥1,484,618,785.94, representing a 21.80% increase compared to ¥1,218,933,046.03 in the same period last year[33]. - Net profit attributable to shareholders was ¥897,558,831.35, a significant increase of 1,160.88% from ¥71,184,919.68 in the previous year[33]. - The basic earnings per share rose to ¥0.90, up 1,185.71% from ¥0.07 in the same period last year[33]. - The company's revenue for the reporting period reached ¥1,484,618,785.94, representing a year-on-year increase of 21.80%[69]. - The automotive parts manufacturing segment generated ¥743,877,164.05, accounting for 50.11% of total revenue, with a growth of 10.95% compared to the previous year[73]. - The steel trading business saw revenue of ¥560,310,208.96, which is 37.74% of total revenue, reflecting a significant increase of 37.46% year-on-year[73]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales in the region by the end of 2023[1]. - A strategic partnership has been established with a leading technology firm to enhance product innovation and market competitiveness[1]. - The company is exploring potential acquisitions to strengthen its position in the automotive parts industry, with a focus on companies that complement its existing product lines[1]. - The company is focusing resources on Avatar low-carbon wheel business to ensure planned capacity expansion[52]. - The company is actively monitoring exchange rate fluctuations, particularly the USD/CNY rate, to mitigate profit impacts from currency volatility[111]. - The company is focusing on expanding its overseas market presence to counteract domestic supply chain disruptions caused by the pandemic[109]. Research and Development - The company has invested RMB 200 million in R&D for new product development, focusing on electric vehicle components[1]. - The company has developed the "Avatar" lightweight wheel technology, which significantly reduces costs compared to aluminum wheels while maintaining high precision and strength[44]. - The company has developed the Avatar low-carbon wheel, which has a weight equivalent to aluminum wheels but at a significantly lower cost, enhancing its market competitiveness[65]. - The Avatar low-carbon wheel's strength is three times that of ordinary steel wheels and six times that of aluminum wheels, with a weight reduction to 28kg compared to the average 40kg for similar products[65]. - The carbon emissions from producing Avatar low-carbon wheels are approximately one-sixth of those from aluminum wheels, aligning with national energy transition goals[65]. Environmental and Compliance - The company has implemented a comprehensive approach to pollution control, focusing on resource recycling and improving clean production levels[130]. - The company emphasizes the importance of environmental protection and has implemented effective wastewater and air pollution control measures[143]. - The company has achieved advanced levels in the consumption of water, electricity, and steam, effectively reducing raw material consumption[130]. - The company has established wastewater treatment facilities with capacities ranging from 200T/d to 500T/d across its headquarters in Fuyang, Chengdu, and Shandong plants[130]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[134]. Risks and Challenges - The company is facing risks related to raw material price fluctuations and global supply chain disruptions due to the ongoing pandemic[1]. - The domestic sales gross margin has decreased due to rising raw material prices and industry factors, while the export gross margin has increased[50]. - The company reported a significant impact from raw material price fluctuations, particularly steel, which is a major component of production costs[109]. Employee and Governance - The company has implemented an employee stock ownership plan to motivate core personnel involved in the Avatar low-carbon wheel project, aiming for rapid business growth[68]. - Employee rights are protected through a comprehensive human resources management system, ensuring equal development opportunities and a safe working environment[142]. - The employee stock ownership plan includes 159 employees holding a total of 38,647,307 shares, representing 3.86% of the company's total equity[119]. Financial Management - The financial expenses decreased by 18.03% to ¥37,910,014.53 from ¥46,248,722.65, reflecting improved financial management[69]. - The income tax expense surged by 769.49% to ¥264,534,484.85 due to changes in accounting methods affecting deferred tax expenses[69]. - The company has not utilized any raised funds during the reporting period[93]. Shareholder Information - The total number of shares before the change was 1,001,914,821, with a total of 1,043,415 shares added, resulting in a new total of 1,001,914,821 shares[188]. - The top 10 shareholders include Sun Jinguo with 5.63% ownership (56,428,461 shares) and Sun Fengfeng with 10.03% ownership (100,473,422 shares)[198]. - The company did not engage in any repurchase agreements during the reporting period[198].

Financial Performance - The company's operating revenue for 2021 was CNY 2,728,026,797.62, representing a 4.12% increase compared to CNY 2,620,073,619.50 in 2020[26]. - The net profit attributable to shareholders for 2021 was CNY 67,551,727.64, a significant recovery from a loss of CNY 163,170,926.52 in 2020, marking a 4.12% increase year-over-year[26]. - The basic earnings per share for 2021 was CNY 0.09, a 156.25% improvement from negative CNY 0.16 in 2020[26]. - The total assets at the end of 2021 were CNY 6,611,574,802.02, reflecting a 4.05% increase from CNY 6,354,117,748.53 at the end of 2020[26]. - The total revenue for 2021 was approximately $2.73 billion, representing a 4.12% increase from $2.62 billion in 2020[72]. - Revenue from automotive parts manufacturing was approximately $1.75 billion, accounting for 64.25% of total revenue, with a year-over-year growth of 5.39%[72]. - The automotive aftermarket business saw revenue of approximately $79.49 million, a significant increase of 20.23% compared to the previous year[72]. - The gross profit margin for automotive parts manufacturing decreased to 14.06%, down 2.62% from the previous year[74]. - The company reported a gross profit margin of 20.12% for the automotive aftermarket business, an increase of 1.26% year-over-year[74]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15%[189]. Cash Flow and Investments - The net cash flow from operating activities for 2021 was negative CNY 260,747,851.72, a decline of 253.61% compared to negative CNY 73,739,054.57 in 2020[26]. - The net cash flow from investment activities increased by 374.48%, reaching ¥220,669,663.35 in 2021, compared to a net outflow of ¥80,394,574.49 in 2020[95]. - The net cash flow from financing activities improved by 207.87%, resulting in a net inflow of ¥115,990,855.01 in 2021, compared to a net outflow of ¥107,523,713.30 in 2020[95]. - The total cash and cash equivalents increased by 122.38%, amounting to ¥59,764,790.13 in 2021, compared to a decrease of ¥267,003,464.29 in 2020[95]. - The total investment amount for the reporting period reached ¥2,255,000,000, a significant increase of 20,215% compared to ¥11,100,000 in the same period last year[104]. Market and Production - The company operates in the automotive manufacturing sector, specifically in the automotive parts manufacturing industry[4]. - The company plans to expand its market presence in automotive parts and distributed photovoltaic power generation sectors[28]. - The company has established a strong market presence in the automotive aftermarket through its subsidiary "Auto Superman," leveraging online and offline integration[43]. - The company has become a key supplier for major domestic and international automotive manufacturers, including SAIC Volkswagen and Ford, and has entered the global supply chain for high-end automotive parts[44]. - The company’s production capacity is approximately 12 million units, with a current production line for Avatar low-carbon wheels capable of producing 1 million units[49]. - In 2021, the company produced 10,012,098 automotive parts, representing a year-on-year increase of 0.79%[50]. - The company plans to expand its Avatar low-carbon wheel production capacity by adding 1 million units in 2022 and an additional 3 million units in 2023 across various locations[49]. - The company plans to achieve an annual production capacity of approximately 2 million Avatar low-carbon wheels by the end of 2022, with targets of 5 million in 2023 and 10 million in 2024[133]. Research and Development - The company has established a provincial-level high-tech R&D center and employs a team of 261 engineers to enhance its product development capabilities[68]. - Research and development expenses increased by 28.87% to ¥55,048,705.32 from ¥42,716,717.13 in the previous year[91]. - The total R&D investment for 2021 was ¥60,605,078.20, an increase of 9.18% compared to ¥55,509,785.48 in 2020[93]. - The proportion of R&D investment to operating revenue rose to 2.22% in 2021 from 2.12% in 2020, reflecting a 0.10% increase[93]. - The company is advancing the research and development of the Avatar low carbon wheel, aiming to enhance its position in the automotive wheel market[92]. Sustainability and Environmental Impact - The company's "Avatar" low-carbon wheels have been recognized for their lightweight, high strength, and precision, with production costs significantly lower than aluminum wheels[42]. - The "Avatar" low-carbon wheel technology is expected to significantly reduce carbon emissions, aligning with national goals for carbon peak and carbon neutrality[46]. - The company was recognized as a "green factory" by the Ministry of Industry and Information Technology in 2021, highlighting its commitment to sustainable practices[44]. - The reduction in vehicle weight from using Avatar commercial vehicle wheels is 288 kg, leading to a significant decrease in fuel consumption[59]. - The carbon emissions reduction from the use of Avatar wheels is approximately 14 tons annually, calculated using the BP China carbon emission calculator[61]. - The company emphasizes the importance of technological innovation to maintain competitiveness and adapt to market changes[134]. - The management team emphasized a commitment to sustainability, aiming for a 20% reduction in carbon emissions by 2025[189]. Corporate Governance and Investor Relations - The company emphasizes its commitment to corporate governance, ensuring compliance with all relevant regulations and maintaining transparency in operations[151]. - The company has established a robust internal audit system to monitor financial performance and compliance, enhancing operational efficiency[153]. - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, organization, and finance[154]. - The company has a complete and independent asset structure, with all operational assets clearly owned by the company[155]. - The company appears to be maintaining a consistent dialogue with investors, which is crucial for transparency and trust-building[136][138][142][144]. - The company conducted multiple investor communications, including phone calls and on-site visits, throughout October to December 2021, engaging with various institutional investors[136][138][142][144]. Challenges and Risks - The company expects to face risks related to raw material price volatility, exchange rate fluctuations, and potential impacts from the COVID-19 pandemic on production[134]. - The automotive industry is experiencing a trend of consumption downgrade, with increasing demand for cost-effective and reliable vehicles among mid-to-low-end consumers[127].