债券代码：128090 债券简称:汽模转 2 天津汽车模具股份有限公司 2021 年第三季度报告 天津汽车模具股份有限公司 2021 年第三季度报告 股票代码：002510 公司简称：天汽模 公告编号 2021-068 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） | 357,294,602.60 | 18.52% | 1 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 689,014,001.90, representing a 30.85% increase compared to CNY 526,560,869.31 in the same period last year[19]. - The net profit attributable to shareholders was CNY 16,260,324.05, a significant turnaround from a loss of CNY 83,916,680.30 in the previous year, marking a 119.38% improvement[19]. - The net cash flow from operating activities was CNY 2,797,280.87, compared to a negative cash flow of CNY 72,608,339.20 in the same period last year, reflecting a 103.85% increase[19]. - Basic earnings per share increased to CNY 0.0171 from a loss of CNY 0.09, representing a 119.00% improvement[19]. - The total operating revenue for the reporting period reached CNY 689,014,001.90, representing a year-on-year increase of 30.85% compared to CNY 526,560,869.31 in the same period last year[38]. - The net profit attributable to shareholders reached ¥1,626,03, an increase of 119.38% compared to the previous year, with a net profit excluding non-recurring gains and losses of ¥1,864,42, up 118.53%[34]. - The company reported a significant increase in sales, with a market price of 82.73 million for molds and fixtures, indicating a strong demand in the market[79]. - The total revenue for the first half of 2021 was 922.62 million RMB, with a sales volume of 6,400 units[85]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,299,045,740.43, a decrease of 3.83% from CNY 5,509,984,938.80 at the end of the previous year[19]. - The company's total liabilities included a short-term loan of CNY 363,625,492.02, down from CNY 466,890,153.00 at the end of the previous year, reflecting a reduction in interest-bearing debt[44]. - The company's total liabilities decreased to CNY 3,107,893,095.42 in the first half of 2021 from CNY 3,630,828,364.53 in the previous year, indicating a reduction of approximately 14.4%[146]. - The total liabilities at the end of the reporting period were 1,143.0 million yuan, indicating a slight increase from 1,121.75 million yuan in the previous period[168]. Cash Flow - The cash flow from operating activities showed a significant improvement, with a net inflow of CNY 2,797,280.87, compared to a net outflow of CNY 72,608,339.20 in the previous period, marking a 103.85% increase[39]. - The net cash flow from investing activities surged by 590.10% to CNY 190,304,175.87, due to proceeds from equity transfers and investment income from associates[39]. - The total cash outflow from financing activities was 513,375,415.76 CNY, a decrease from 961,253,696.40 CNY in the first half of 2020, indicating improved cash management[158]. - The net cash flow from investing activities was 197,902,039.91 CNY, compared to -32,807,200.00 CNY in the previous period, showing a significant positive turnaround[161]. Research and Development - Research and development expenses increased by 36.95% to CNY 45,495,763.18, driven by growth in the stamping business[39]. - The company has a workforce of 2,607 employees, with 686 in research and development, ensuring a high level of technical expertise[31]. - The company has developed the first intelligent flexible production line for automotive covering molds in China, enhancing its capabilities in smart manufacturing[29]. Market Position and Strategy - The company has established itself as the largest global supplier of automotive body covering molds, with a broad and stable customer base including major domestic and international automotive manufacturers[28]. - The company is actively expanding its market presence and has plans for further development in the aviation products sector, which is expected to become a new profit growth point[34]. - The company is focusing on expanding its market presence through strategic partnerships and acquisitions, aiming to enhance its competitive edge[83]. - The company plans to invest in new product development and technological advancements to meet evolving market demands[83]. Risks and Challenges - The company faces risks including economic cyclical adjustments, market risks, and potential bad debts from accounts receivable[4]. - The automotive mould industry is experiencing increased competition, with approximately 300 manufacturers in China, necessitating continuous product development and quality improvement to maintain market share[55]. - The company is experiencing a shortage of high-level technical talent, which is critical for maintaining its competitive edge in the automotive mould industry[58]. Environmental and Compliance - The company has achieved a 100% compliance rate for major pollutant emissions monitored by authoritative departments[66]. - The company has established an ISO 14001 environmental management system and has been certified by the Norwegian Classification Society[66]. - There were no significant environmental administrative penalties imposed on the company during the reporting period[66]. Shareholder and Equity Information - The total number of shares decreased from 951,006,107 to 941,516,330, a reduction of 9,489,777 shares, representing a decrease of approximately 1%[106]. - Major shareholder Ningbo Yidao Investment Management Center holds 5.15% of the shares, totaling 48,519,310 shares, which are pledged[112]. - The company’s management believes that the changes in shareholding structure will positively impact future performance metrics[108]. Financial Reporting and Governance - The company’s half-year financial report has not been audited[74]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[76]. - The company has disclosed its ongoing efforts to strengthen its corporate governance and integrity in business practices[79].

Financial Performance - The company's operating revenue for 2020 was ¥1,345,852,020.96, a decrease of 37.94% compared to ¥2,168,713,304.23 in 2019[18]. - The net profit attributable to shareholders for 2020 was -¥824,755,360.89, representing a decline of 1,025.32% from a profit of ¥89,131,430.96 in 2019[18]. - The net cash flow from operating activities increased by 29.12% to ¥197,540,035.91 in 2020, compared to ¥152,994,837.99 in 2019[18]. - The total assets at the end of 2020 were ¥5,509,984,938.80, a decrease of 6.13% from ¥5,869,872,908.09 at the end of 2019[18]. - The basic earnings per share for 2020 was -¥0.90, down 1,000.00% from ¥0.10 in 2019[18]. - The weighted average return on equity for 2020 was -35.39%, a decrease of 38.79% from 3.40% in 2019[18]. - The company reported a significant increase in the net profit attributable to shareholders after deducting non-recurring gains and losses, which was -¥761,633,879.24 in 2020 compared to -¥26,529,827.79 in 2019, an increase of 2,770.86%[18]. - The total operating revenue for 2020 was approximately ¥1.35 billion, a decrease of 37.94% compared to ¥2.17 billion in 2019[44]. - The revenue from the manufacturing sector was approximately ¥1.31 billion, accounting for 97.31% of total revenue, down 37.86% year-on-year[44]. - The company reported a net increase in cash and cash equivalents of ¥283,441,702.86, a significant rise of 1,718.63% compared to the previous year[61]. Business Operations - The company maintains its main business without changes since its listing, ensuring stability in operations[17]. - The company has maintained its position as the largest automotive body covering mold manufacturer globally, with a stable development in its main business[28]. - The company has approximately 2.3 billion CNY in orders on hand, expected to be delivered in the next 1-2 years, which will help maintain high capacity utilization and stable gross margins[37]. - The company faced challenges due to the COVID-19 pandemic, resulting in a significant decline in order execution and sales scale[35]. - The company’s stamping business showed a recovery trend, with new orders from major clients like NIO and FAW Toyota, which could contribute positively to future performance[38]. - The company has established an independent international marketing system for high-end export molds, achieving sustainable and large-scale exports[86]. - The company is focusing on upgrading its production capabilities with advanced technologies, including flexible manufacturing and digital design[86]. - The company aims to enhance its production efficiency and meet customer demands through the integration of information technology and manufacturing technology[86]. - The company is committed to cost control and efficiency improvements to counteract rising labor costs and competitive pressures in the mold industry[90]. Investment and Financial Strategy - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[5]. - The company has not engaged in any significant equity or securities investments during the reporting period[69][70]. - The company has committed to avoiding competition with its controlling shareholders and related parties[102]. - The company has not proposed any cash dividend distribution plan despite having positive distributable profits for the reporting period[99]. - The company raised ¥471 million through the issuance of convertible bonds, with a net amount of ¥460.74 million after expenses[73]. - The company plans to temporarily use idle fundraising funds to supplement working capital, with a total amount not exceeding RMB 150 million for a period not exceeding 12 months[76]. - The company has not engaged in any asset or equity acquisition or sale transactions during the reporting period[128]. Related Party Transactions - The company reported a related party transaction amounting to 283.71 million yuan for technical services and processing fees, which is at market price[121]. - Another related party transaction for labor services was recorded at 399.29 million yuan, also at market price[122]. - The company engaged in a related party transaction for mold and technical services, amounting to 636.75 million yuan, at market price[122]. - The total amount of related party transactions was disclosed to be within the approved limits, with no exceeding amounts reported[121]. - The transactions were published on the "Giant Tide Information Network" for transparency[121]. - The company anticipates that these related party transactions will continue in the future, reflecting ongoing business relationships[121]. Workforce and Management - The company has a workforce of 2,863 employees, with 828 in R&D, showcasing its strong talent pool[33]. - The company has a total of 12 board members, including independent directors and supervisors[180]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.5683 million[182]. - The company has implemented a performance evaluation system for all positions to enhance employee efficiency and motivation[187]. - The company has a total of 1,782 employees with higher education, reflecting a strong educational background among staff[185]. - The company has established a transparent performance evaluation mechanism linking executive compensation to business performance[192]. Market and Industry Trends - The competitive landscape in the automotive mold industry is shifting towards high-end products, with significant growth potential in this segment[84]. - The company plans to enhance its market share by capitalizing on the increasing trend of electric vehicles and the growing demand for new energy models from domestic and international manufacturers[90]. - The automotive mold industry is experiencing intense competition, with approximately 300 manufacturers in China, necessitating continuous innovation and quality improvement to maintain market share[91]. - The company is actively pursuing international market expansion and collaboration with foreign mold enterprises to enhance its technical capabilities and service offerings[87]. Challenges and Risks - The company reported a significant impact from economic cyclical adjustments affecting the automotive mold industry, highlighting risks such as market fluctuations and accounts receivable bad debt risks[4]. - The company faces risks from economic cycles affecting the automotive mold industry, as demand is closely tied to macroeconomic conditions[90]. - The company has a large scale of accounts receivable, primarily from reputable automotive manufacturers, but faces potential risks if the industry experiences downturns[92]. - The company has recognized impairment losses on goodwill and long-term equity investments due to underperformance of certain subsidiaries[29]. Environmental and Compliance - The company has established an ISO 14001 environmental management system and achieved a 100% compliance rate for pollutant discharge[143]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[145]. - The governance structure complies with relevant laws and regulations, ensuring the protection of investor rights[191].

Financial Performance - The company's operating revenue for 2020 was ¥1,345,852,020.96, a decrease of 37.94% compared to ¥2,168,713,304.23 in 2019[18]. - The net profit attributable to shareholders was -¥824,755,360.89 in 2020, representing a decline of 1,025.32% from a profit of ¥89,131,430.96 in 2019[18]. - The net cash flow from operating activities increased by 29.12% to ¥197,540,035.91 in 2020, compared to ¥152,994,837.99 in 2019[18]. - The total assets at the end of 2020 were ¥5,509,984,938.80, down 6.13% from ¥5,869,872,908.09 at the end of 2019[18]. - The basic earnings per share for 2020 was -¥0.90, a decrease of 1,000.00% from ¥0.10 in 2019[18]. - The weighted average return on equity was -35.39% in 2020, down 38.79% from 3.40% in 2019[18]. - The company reported a significant increase in the net profit attributable to shareholders after deducting non-recurring gains and losses, which was -¥761,633,879.24 in 2020 compared to -¥26,529,827.79 in 2019, an increase of 2,770.86%[18]. - The company’s net assets attributable to shareholders decreased by 22.20% to ¥2,076,121,751.51 in 2020 from ¥2,668,464,277.58 in 2019[19]. - The company’s revenue after deducting non-recurring items was ¥1,309,711,900.00 in 2020, down from ¥2,107,529,100.00 in 2019[19]. - The total operating revenue for 2020 was approximately ¥1.35 billion, a decrease of 37.94% compared to ¥2.17 billion in 2019[44]. Market and Industry Position - The company has maintained its position as a leading manufacturer in the automotive mold industry, with a stable customer base including major domestic and international automotive manufacturers[28]. - The company is the largest global supplier of automotive cover molds, benefiting from economies of scale in cost control and order fulfillment[32]. - The company is actively expanding its market presence while implementing cost reduction and efficiency improvement measures to prepare for future growth[36]. - The company’s overseas market orders accounted for nearly 50% of total orders in recent years, indicating a significant increase in international business[37]. - The competitive landscape in the automotive mold industry is shifting towards high-end products, with significant growth potential in this segment[85]. Challenges and Risks - The company reported a significant impact from economic cyclical adjustments affecting the automotive mold industry, highlighting risks such as market fluctuations and accounts receivable bad debt risks[4]. - The company faced challenges due to the COVID-19 pandemic, resulting in a significant decline in order execution and sales scale[35]. - The company reported a risk of uneven monthly income and profit due to the uncertainty in new model development plans from downstream automotive manufacturers[92]. - The company has a significant amount of accounts receivable, primarily from reputable large automotive manufacturers, which poses a risk if the automotive industry experiences a downturn[93]. - The company faces risks related to long-term equity investment impairments due to the rapid growth and scale of its external investments[94]. Research and Development - The company has a high-quality team with 828 R&D personnel, including nearly 80 senior talents, enhancing its innovation capabilities[33]. - The company’s R&D investment amounted to ¥68,415,906.54, representing 5.08% of operating revenue, an increase of 1.73% compared to the previous year[59]. - The company is focusing on upgrading its production capabilities with advanced technologies, including flexible manufacturing and digital design[87]. - The company aims to enhance its production efficiency and meet customer demands through the integration of information technology and manufacturing technology[87]. Corporate Governance and Management - The company has established a performance assessment mechanism for senior management to determine remuneration based on operational performance and performance indicators[182]. - The company has a total of 7 current directors and supervisors, with various roles in other companies[180]. - The governance structure complies with relevant laws and regulations, ensuring transparency and protection of shareholder rights[192]. - The company has established an independent organizational structure, including a shareholders' meeting, board of directors, supervisory board, and management team, ensuring independence from shareholders and other controlled enterprises[197]. Shareholder and Capital Management - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company did not distribute cash dividends for the years 2019 and 2020, and in 2018, it distributed a total of 27,625,533.96 CNY, which accounted for 13.02% of the net profit attributable to shareholders[99]. - The company has not made any capital reserve transfers or bonus share distributions in the last three years[99]. - The company raised ¥47,100 million through a public offering of convertible bonds, with a net amount of ¥460,736,900.00 after expenses[74]. Employee and Training Programs - The total number of employees in the company is 2,863, with 959 in the parent company and 1,904 in major subsidiaries[186]. - The professional composition includes 1,696 production personnel, 54 sales personnel, 828 technical personnel, 29 financial personnel, and 256 administrative personnel[186]. - The training program for 2020 focused on new employees and middle management, covering company policies, culture, and skills training[189]. Related Party Transactions - The company reported a related party transaction amounting to 283.71 million yuan for technical services and processing fees, which is at market price[121]. - The company engaged in a related party transaction for labor services was recorded at 98.80 million yuan, also at market price[121]. - The company has a 47.08% equity stake in Hunan Tianqi Automotive Mold Technology Co., Ltd., which is involved in these transactions[122]. - The reported transactions are all within the approved limits and do not exceed the thresholds set for related party dealings[121]. Future Outlook - The company anticipates stable growth in the upcoming year, supported by ongoing projects and market demand[123]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[123]. - The company plans to continue its market expansion and product development strategies, as indicated by the ongoing convertible bond issuance and share repurchase activities[156].

天津汽车模具股份有限公司 2021 年第一季度报告全文 天津汽车模具股份有限公司 2021 年第一季度报告 2021 年 04 月 1 天津汽车模具股份有限公司 2021 年第一季度报告全文 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。 公司负责人任伟、主管会计工作负责人邓应华及会计机构负责人(会计主管 人员)蔡爽声明：保证季度报告中财务报表的真实、准确、完整。 2 天津汽车模具股份有限公司 2021 年第一季度报告全文 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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 264,360,801.14 | 153,550,369.04 | 72.17% | | 归属于上市公司股东的净利润（元） | -8,864,866.12 | -98,265,6 ...

Financial Performance - Operating revenue for the reporting period was ¥301,458,870.50, a decrease of 18.04% year-on-year, with a cumulative revenue of ¥828,019,739.81, down 39.68%[8] - Net profit attributable to shareholders was -¥42,968,639.33, a decline of 342.24% compared to the same period last year, with a cumulative net profit of -¥126,885,319.63, down 240.27%[8] - Basic earnings per share for the reporting period was -¥0.0470, a decrease of 335.00% year-on-year, with diluted earnings per share at -¥0.0467, down 333.50%[8] - The company reported a net loss of CNY 44,759,334.56, compared to a net profit of CNY 16,284,016.38 in the same period last year[44] - The total comprehensive loss for the period was CNY 43,888,123.42, compared to a comprehensive income of CNY 13,785,978.45 in the previous year[45] - The total profit for the current period is a loss of CNY 8,091,258.89, compared to a profit of CNY 11,999,306.17 in the previous period[49] Cash Flow - Cash flow from operating activities showed a net inflow of ¥72,238,621.66, a significant recovery from -¥369,717.54 in the previous period[8] - The total cash inflow from operating activities was ¥1,179,413,597.99, while cash outflow was ¥1,179,783,315.53, resulting in a net cash flow from operating activities of -¥369,717.54[59] - The cash inflow from investment activities was ¥25,036,548.68, with cash outflow totaling ¥43,920,758.99, leading to a net cash flow from investment activities of -¥18,884,210.31[60] - The cash inflow from financing activities amounted to ¥1,655,662,643.97, while cash outflow was ¥1,339,968,497.02, resulting in a net cash flow from financing activities of ¥315,694,146.95[60] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,273,992,686.30, an increase of 6.88% compared to the previous year[8] - Total liabilities rose to CNY 3,599,939,427.18 from CNY 3,169,505,881.43, indicating an increase of approximately 13.6%[36] - The company's total assets reached CNY 6,273,992,686.30, up from CNY 5,869,872,908.09, representing an increase of approximately 6.9%[36] - Total current assets increased to CNY 3,330,870,002.61 from CNY 2,915,142,944.67, representing a growth of approximately 14.3% year-over-year[34] - Total liabilities increased to CNY 3,772,888,356.73 from CNY 2,988,132,777.98, while total equity rose to CNY 2,316,201,578.84 from CNY 2,249,496,845.10[43] Investment and Expenses - Investment income decreased by 38.62% year-on-year to ¥61,300,201.56, primarily due to significant revenue declines at associated companies affected by the pandemic[18] - Research and development expenses decreased to CNY 17,405,782.20 from CNY 23,952,990.56, indicating a reduction in investment in new technologies[43] - Financial expenses increased to CNY 28,069,067.68 from CNY 17,772,730.48, with interest expenses specifically at CNY 21,690,769.33[43] - Research and development expenses for the current period are CNY 50,625,295.26, down from CNY 58,939,883.96, a decrease of 14.4%[50] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 90,245[12] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[13] - The equity attributable to shareholders decreased to CNY 2,648,967,994.12 from CNY 2,668,464,277.58, a decline of about 0.7%[37] Operational Challenges - Operating revenue for the period was ¥828,019,739.81, a decrease of 39.68% year-on-year, mainly impacted by delays in resuming work due to the COVID-19 pandemic[18] - Operating costs were ¥744,881,713.21, down 33.34% year-on-year, also due to the pandemic's impact on project scale and resumption of work[18] - The company reported a decrease in cash received from sales of goods and services, totaling ¥1,057,843,357.90, down from ¥1,271,223,798.64 in the previous year[59] Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[44] - The company is focusing on enhancing its market position through strategic investments and operational efficiencies, as reflected in its asset management and financial health[67]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥526,560,869.31, a decrease of 47.60% compared to ¥1,004,936,831.60 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥83,916,680.30, representing a decline of 215.40% from a profit of ¥72,720,472.36 in the previous year[19]. - The net cash flow from operating activities was negative at ¥72,608,339.20, worsening from a negative cash flow of ¥5,119,570.80 in the same period last year[19]. - The total revenue for the first half of 2020 was 576.52 million RMB[85]. - The net profit for the first half of 2020 was a loss of CNY 88.94 million, compared to a profit of CNY 73.68 million in the first half of 2019[162]. - The total profit for the first half of 2020 was a loss of CNY 92.03 million, down from a profit of CNY 68.95 million in the previous year[162]. - The company's total comprehensive income for the first half of 2020 was a loss of CNY 90.28 million, compared to a profit of CNY 73.60 million in the first half of 2019[162]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,184,580,071.84, an increase of 5.36% from ¥5,869,872,908.09 at the end of the previous year[19]. - The company's total assets reached CNY 5,847,322,661.48 as of June 30, 2020, up from CNY 5,237,629,623.08 at the end of 2019, marking an increase of 11.6%[158]. - Total liabilities rose to CNY 3,530,694,312.04 in the first half of 2020, compared to CNY 2,988,132,777.98 at the end of 2019, indicating an increase of 18.2%[158]. - The company's total liabilities at the end of the period were 333.85 million yuan, which is a 4.0% increase compared to the previous period[179]. Cash Flow - The company's cash flow from operating activities was -¥72,608,339.20, a significant increase of 3,388.74% compared to the previous year, attributed to reduced cash inflows due to the pandemic[35]. - The net cash flow from operating activities for the first half of 2020 was -62,214,698.49 CNY, compared to 24,463,986.77 CNY in the same period of 2019, indicating a significant decline in operational performance[172]. - The net cash flow from investing activities was -CNY 38,829,772.52, a decrease from 2,594,388.12 CNY in the first half of 2019, highlighting a reduction in investment returns[170]. - The total cash inflow from financing activities reached 1,275,618,899.97 CNY, up from 630,181,018.61 CNY in the previous year, reflecting increased borrowing and capital raising efforts[171]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The total number of shares before the recent changes was 920,851,132, with a decrease of 660,600 shares resulting in a new total of 920,190,532 shares[109]. - The total number of ordinary shareholders at the end of the reporting period was 94,806, with the largest shareholder holding 5.27% of the shares[117]. - The company has a total of 471 individuals eligible for the first unlock period of the 2018 restricted stock incentive plan, with a total of 7,131,900 shares eligible for unlocking, accounting for 0.77% of the total share capital[80]. Market and Strategic Outlook - The company plans to enhance its market expansion efforts and implement cost reduction measures to prepare for future growth in the mold segment[32]. - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[177]. - The company is exploring opportunities in the electric vehicle market, which is projected to grow significantly in the coming years[83]. - The company anticipates a positive outlook for the upcoming fiscal year, driven by increased demand and market expansion efforts[83]. Related Party Transactions - The company reported a significant related party transaction involving a 40% stake in Zhuzhou Huilong Industrial Co., with a transaction amount of 90.64 million yuan[82]. - The total amount of related party transactions disclosed was 207.32 million yuan, indicating a substantial engagement in related business activities[82]. - The company has committed to transparency by announcing expected related party transactions for the fiscal year[82]. Risks and Challenges - The company faces risks including economic cyclical adjustments affecting the automotive mold industry and market risks[6]. - The company faces risks related to economic cycles affecting the automotive mold industry, market competition, and uneven monthly revenue and profit[66]. - The company is expanding its business and may face risks related to long-term equity investment impairments and talent shortages in the automotive mold industry[67]. Compliance and Governance - The company has no major litigation or arbitration matters during the reporting period[76]. - The company has committed to avoiding competition with its controlling shareholders and related parties[71]. - The financial statements prepared by the company comply with the requirements of the accounting standards and reflect the financial status, operating results, and cash flows accurately[200].

Financial Performance - The company's revenue for Q1 2020 was ¥153,550,369.04, a decrease of 60.27% compared to ¥386,449,923.62 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥98,265,693.35, representing a decline of 507.30% from a profit of ¥24,125,905.28 in the previous year[8] - The basic and diluted earnings per share were both -¥0.11, down 523.08% from ¥0.026 in the same period last year[8] - Operating revenue for the current period was CNY 153,550,369.04, compared to CNY 386,449,923.62 in the previous period, showing a significant decrease[37] - Operating profit for Q1 2020 was a loss of CNY 104,776,587.71, compared to a profit of CNY 16,973,046.90 in Q1 2019[39] - Net profit for Q1 2020 was a loss of CNY 99,988,573.36, while in Q1 2019, the net profit was CNY 23,433,991.08[39] - Total comprehensive income for Q1 2020 was a loss of CNY 99,533,719.54, compared to a gain of CNY 24,356,507.05 in Q1 2019[40] Cash Flow - The net cash flow from operating activities was -¥80,176,510.73, a decrease of 214.62% compared to -¥25,483,918.96 in the previous year[8] - Net cash flow from operating activities was -80,176,510.73 CNY, compared to -25,483,918.96 CNY in the previous period, indicating a decline in operational performance[47] - The total cash inflow from operating activities was 403,781,746.86 CNY, while cash outflows were 483,958,257.59 CNY, resulting in a net cash flow of -80,176,510.73 CNY[47] - Total cash inflow from financing activities was 712,088,884.15 CNY, significantly higher than 113,527,286.07 CNY in the previous period, reflecting increased borrowing and capital inflow[48] - The company’s cash flow from financing activities showed a net increase of 434,336,994.54 CNY, compared to a net decrease of -110,928,416.18 CNY in the previous period, indicating a stronger financing position[48] - The cash flow from investing activities generated a net outflow of -4,241,480.79 CNY, compared to a net inflow of 5,867,314.73 CNY in the previous period, indicating a shift in investment strategy[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,060,498,655.24, an increase of 3.25% from ¥5,869,872,908.09 at the end of the previous year[8] - The company's net assets attributable to shareholders were ¥2,662,225,282.18, a slight decrease of 0.23% from ¥2,668,464,277.58 at the end of the previous year[8] - Current liabilities totaled CNY 2,619,605,888.27, a decrease from CNY 2,710,012,097.55, indicating a reduction of about 3.4%[31] - Long-term borrowings decreased to CNY 300,000,000.00 from CNY 392,500,000.00, representing a decline of approximately 23.5%[31] - Total liabilities rose to CNY 3,365,393,503.99 from CNY 3,169,505,881.43, an increase of about 6.2%[31] - The total non-current assets amounted to CNY 2,894,305,994.15, down from CNY 2,954,729,963.42, reflecting a decrease of about 2%[30] Operational Impact - The company attributed the decline in revenue primarily to the impact of the COVID-19 pandemic, which delayed the resumption of work for the company and its upstream and downstream enterprises[14] - Operating costs for the period were CNY 149,607,265.65, a decrease of 51.27% compared to the same period last year, primarily due to delays in resuming work caused by the COVID-19 pandemic[15] - The company experienced a significant decrease in accounts receivable notes, which fell by 84.90% to ¥1,544,702.69 due to the expiration of acceptance bills[14] - Investment income was reported at -CNY 35,347,724.31, a decrease of 213.94% year-on-year, mainly due to significant declines in revenue from associated companies affected by the pandemic[15] - The company reported a 100% reduction in credit impairment losses, amounting to -CNY 5,328,957.93, due to improved collections from customers compared to the previous year[15] Other Income and Expenses - The company reported government subsidies recognized in the current period amounting to ¥3,834,551.75[9] - Other income increased to CNY 3,549,860.41, up 394.10% year-on-year, attributed to an increase in government subsidies related to the company's daily operations[15] - Financial expenses for the period amounted to CNY 18,953,870.85, a reduction of 31.41% year-on-year, mainly due to the repayment of long-term loans[15] - The company's financial expenses in Q1 2020 were CNY 18,953,870.85, a decrease from CNY 27,634,186.81 in Q1 2019[39] - The tax expenses for Q1 2020 were CNY 699,378.14, compared to a tax benefit of CNY -1,912,106.48 in Q1 2019[39] - Research and development expenses in Q1 2020 amounted to CNY 16,093,577.06, down from CNY 21,238,574.79 in Q1 2019, reflecting a decrease of 24.2%[39]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2019, representing a year-on-year growth of 15%[12]. - The gross profit margin improved to 25%, up from 22% in the previous year, indicating better cost management and pricing strategies[12]. - The company's operating revenue for 2019 was ¥2,168,713,304.23, a decrease of 2.60% compared to 2018[6]. - The net profit attributable to shareholders was ¥89,131,430.96, down 57.99% from the previous year[6]. - The net profit after deducting non-recurring gains and losses was -¥26,529,827.79, a decline of 112.70% compared to 2018[6]. - The net cash flow from operating activities increased by 158.72% to ¥152,994,837.99[6]. - The total assets at the end of 2019 were ¥5,869,872,908.09, reflecting a 1.83% increase from the previous year[6]. - The company's basic earnings per share decreased by 58.33% to ¥0.10[6]. - The weighted average return on equity was 3.40%, down 5.18% from 2018[6]. - The company reported a total of ¥115,661,258.75 in non-recurring gains for 2019, significantly higher than the previous year's amount[22]. Market Strategy and Expansion - The company plans to expand its market presence by entering new regions, targeting a 20% increase in market share over the next three years[12]. - The company aims to achieve a revenue target of 1.5 billion RMB for the next fiscal year, reflecting a growth forecast of 25%[12]. - The company is exploring strategic acquisitions to enhance its product offerings and expand its technological capabilities[12]. - The company has maintained stable relationships with key clients, contributing to a 10% increase in repeat orders compared to the previous year[12]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic partnerships and collaborations[102]. - The company plans to leverage its technological advantages and expand its market share both domestically and internationally[73]. Research and Development - Research and development expenses increased by 10% to 120 million RMB, focusing on new product innovations and advanced manufacturing technologies[12]. - The company has a total of 227 patents, including 200 utility model patents and 27 invention patents, as of the end of 2019[30]. - The total number of R&D personnel decreased slightly to 849, representing 29.02% of the workforce[50]. - The company is actively pursuing new technology development to improve its product line and operational efficiency[102]. Risks and Challenges - The company has identified potential risks including market fluctuations and receivables collection, which could impact future cash flows[4]. - The company faced increased credit risk and bad debt provisions due to the impact of the automotive industry downturn and the COVID-19 pandemic[35]. - The automotive mold industry is highly correlated with economic cycles, and the company is exposed to risks from macroeconomic fluctuations[76]. - The company faces market risks due to increasing competition, with approximately 300 automotive mold manufacturers in China[76]. - The company has a large scale of accounts receivable, primarily from reputable automotive manufacturers, but faces risks of bad debts if the automotive industry declines[77]. Financial Management and Investments - The company’s investment in Dongfeng Industrial Co., Ltd. and Dongfeng (Wuhan) Industrial Co., Ltd. yielded significant investment income during the reporting period[34]. - The company reported an asset impairment of -¥113,282,065.28, which accounted for -188.18% of total profit, primarily due to bad debt provisions for accounts receivable and inventory write-downs[54]. - The company confirmed a long-term investment impairment provision of CNY 92.73 million related to the investment in Zhejiang Shikong Energy[88]. - The company has not issued any guarantees for its bonds, indicating a lack of external backing for its debt[193]. Corporate Governance and Compliance - The company has established an ISO 14001 environmental management system and achieved a 100% compliance rate for pollutant emissions[127]. - The governance structure complies with relevant laws and regulations, ensuring the protection of investors' rights[164]. - The company has appointed Xinyong Zhonghe Accounting Firm as the auditor for the 2019 fiscal year, with an audit fee of 1.2 million RMB[95]. - The audit report issued a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position and operating results for 2019[195]. Employee and Management Structure - The company employed 2,926 staff, with 1,787 holding a university degree, and 849 in technical research and development roles[30]. - The management team consists of experienced professionals, with the chairman, Chang Shiping, holding 34,600,800 shares[147]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.5492 million[154]. - The company has established a performance assessment mechanism for senior management to determine remuneration based on operational performance and performance indicators[154]. Related Party Transactions - The company has ongoing relationships with several related parties, including Tianjin City Multi-Trade Co., with transactions amounting to 753.54 million for castings[103]. - The company engaged in related party transactions with Dongfeng (Wuhan) Mold Co., Ltd. at a market price of 528.12 for molds and fixtures in 2019[107]. - The company is committed to maintaining transparency in its financial dealings, as evidenced by its disclosures on the "Giant Tide Information Network"[104]. Future Outlook - The company is poised for future growth, leveraging its existing partnerships and market presence to capitalize on emerging opportunities[104]. - The management is responsible for evaluating the company's ability to continue as a going concern and disclosing relevant matters[199]. - The company plans to explore additional incentive methods to attract and retain talented management and technical personnel[176].

天津汽车模具股份有限公司 2019 年第三季度报告全文 天津汽车模具股份有限公司 2019 年第三季度报告全文 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。 公司负责人常世平、主管会计工作负责人邓应华及会计机构负责人(会计主 管人员)蔡爽声明：保证季度报告中财务报表的真实、准确、完整。 2 天津汽车模具股份有限公司 2019 年第三季度报告全文 天津汽车模具股份有限公司 2019 年第三季度报告 2019 年 10 月 1 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 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 6,105,420,339.68 | | 5,764,193,127.64 | 5.92% | | 归属于上市公司股东的净资产 （元 ...