Financial Performance - The company's operating revenue for Q3 2022 was ¥1,655,620,454.69, representing a 13.62% increase compared to ¥1,457,109,699.06 in the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥304,412,855.77, up 16.18% from ¥262,029,232.59 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥297,313,074.75, reflecting a 20.04% increase from ¥247,676,336.09 in the previous year[4] - The basic earnings per share for Q3 2022 was ¥0.3826, a 16.82% increase from ¥0.3275 in the same period last year[5] - The total profit for Q3 2022 was approximately ¥993.38 million, an increase from ¥962.60 million in Q3 2021, representing a growth of about 3.9%[20] - The net profit attributable to shareholders of the parent company reached ¥869.48 million, compared to ¥842.65 million in the same period last year, marking an increase of approximately 3.2%[20] - The operating cash flow for the period was ¥3.95 billion, up from ¥3.52 billion in Q3 2021, reflecting a growth of about 12.3%[21] - The total comprehensive income for the period was approximately ¥802.25 million, slightly down from ¥830.63 million in the same quarter last year[20] - The basic and diluted earnings per share for Q3 2022 were both ¥1.0894, an increase from ¥1.0533 in Q3 2021[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,011,940,249.48, which is a 4.82% increase from ¥7,643,538,458.02 at the end of the previous year[5] - The equity attributable to shareholders increased by 6.26% to ¥6,911,948,341.21 from ¥6,504,747,967.58 year-on-year[5] - Total liabilities decreased to CNY 1,095,248,520.25 from CNY 1,132,955,060.27, a decline of 3.3%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥262,330,673.50, a significant improvement of 1,185.39% compared to a negative cash flow in the previous year[4] - Net cash flow from operating activities increased by 1185.39% to RMB 262,330,673.50, driven by higher cash receipts from sales[10] - The company experienced a net cash outflow from financing activities of ¥221.50 million, contrasting with a net inflow of ¥27.88 million in the same period last year[22] - The company reported a net cash outflow from investing activities of ¥238.55 million, compared to a smaller outflow of ¥121.36 million in Q3 2021[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,467[12] - The largest shareholder, Zhang Gongyun, holds 30.12% of the shares, totaling 240,976,678 shares[12] - The company repurchased 4,820,000 shares, accounting for 0.6025% of the total share capital, with a total transaction amount of RMB 99,794,137.85[14] - The company plans to use self-owned funds to repurchase shares for future employee stock ownership plans, with a total repurchase amount between RMB 50 million and RMB 100 million[14] Operational Metrics - Total operating revenue for the third quarter of 2022 reached CNY 4,811,759,281.88, an increase of 6.2% compared to CNY 4,530,142,897.50 in the same period last year[19] - Total operating costs amounted to CNY 3,823,812,544.86, up from CNY 3,616,620,162.08, reflecting a year-over-year increase of 5.7%[19] - The company's net profit for the period was CNY 994,256,365.42, compared to CNY 963,435,646.69 in the previous year, indicating a growth of 3.2%[19] - Accounts receivable increased to CNY 2,134,027,824.07 from CNY 1,754,434,790.13, representing a rise of 21.6%[16] - Inventory levels rose to CNY 1,608,423,073.72, compared to CNY 1,450,188,279.03, marking an increase of 10.9%[16] - Research and development expenses for the period were CNY 202,235,024.28, compared to CNY 181,072,475.59 in the previous year, indicating an increase of 11.7%[19] Cash and Cash Equivalents - The company experienced a 41.79% decrease in cash and cash equivalents, primarily due to fluctuations in cash reserves based on operational plans[8] - The cash and cash equivalents decreased to RMB 238,959,266.46 from RMB 410,538,138.34 at the beginning of the year[15] - The cash and cash equivalents at the end of the period stood at ¥238.73 million, compared to ¥213.81 million at the end of Q3 2021, showing an increase of about 11.6%[22] Other Financial Metrics - Financial expenses decreased by 314.05% due to increased exchange gains from currency fluctuations[9] - Other income decreased by 48.83% primarily due to a reduction in government subsidies[9] - The company reported a decrease in other receivables to CNY 11,093,876.44 from CNY 20,740,334.98, a decline of 46.6%[16] Audit Information - The company did not conduct an audit for the Q3 report[23]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,156,138,827.19, representing a 2.70% increase compared to the same period last year[14]. - The net profit attributable to shareholders for the same period was CNY 565,068,305.93, showing a decrease of 2.68% year-on-year[14]. - The net profit after deducting non-recurring gains and losses was CNY 552,464,710.27, which is a 1.93% increase compared to the previous year[14]. - The basic earnings per share for the reporting period was CNY 0.7070, down 2.59% from the previous year[14]. - The diluted earnings per share also stood at CNY 0.7070, reflecting the same decrease of 2.59% year-on-year[14]. - The weighted average return on equity was 8.34%, a decrease of 1.24% compared to the previous year[14]. - The comprehensive income for the first half of 2022 was CNY 548,204,309.42, compared to CNY 701,730,867.10 in the previous year, indicating a decline of 21.8%[101]. - The company reported a net profit for the first half of 2022 of CNY 564,274,843.46, a decrease of 2.1% from CNY 579,514,671.45 in the first half of 2021[100]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 331,762,745.43, a 464.88% increase from a negative cash flow in the same period last year[14]. - The company's cash and cash equivalents decreased from 410,538,138.34 CNY at the beginning of the year to 226,166,486.42 CNY by June 30, 2022, a decline of approximately 44.7%[95]. - The company reported a cash balance of CNY 226,166,486.42 as of June 30, 2022, down from CNY 410,538,138.34 at the beginning of the period, indicating a decrease of approximately 45%[189]. - The company’s cash inflow from investment activities was ¥217,089,633.95, which is an increase from ¥121,225,382.56 in the same period last year[106]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,672,591,990.99, reflecting a 0.38% increase from the end of the previous year[14]. - The total liabilities decreased to CNY 975,809,211.59, a reduction of 13.87% compared to CNY 1,132,955,060.27[97]. - The company's total equity increased to CNY 6,696,782,779.40, up from CNY 6,510,583,397.75, representing a growth of approximately 2.86%[97]. - Accounts receivable increased to ¥1,995,593,415.87, representing 26.01% of total assets, up from 22.95% last year, indicating a 3.06% increase[34]. Revenue Breakdown - The revenue from tire mold business was CNY 1.703 billion, a year-on-year decrease of 1.61%, with a gross margin of 36.38%[25]. - The revenue from large component machinery products was CNY 1.290 billion, a year-on-year increase of 4.17%[25]. - Revenue from the automotive tire equipment sector was ¥1,812,016,214.12, accounting for 57.41% of total revenue, with a slight increase of 0.72% year-on-year[31]. Research and Development - The company's R&D expenses increased to CNY 135,261,117.78, compared to CNY 121,105,054.05 in the previous year, marking an increase of 11.7%[100]. - The company has a strong focus on R&D, holding multiple patents and continuously innovating in mold manufacturing automation equipment[26]. Market and Economic Conditions - The company faced challenges in the tire mold market due to a 7.6% decline in China's rubber tire production in the first half of 2022[21]. - The wind power sector saw a cumulative installed capacity of approximately 340 million kW, a year-on-year increase of 17.2%[22]. - The gas turbine market is projected to grow significantly, with China's total gas power capacity expected to reach 150 GW by 2025[22]. Corporate Governance and Compliance - The company has complied with environmental regulations, with no administrative penalties reported during the reporting period[61]. - The company has not experienced any changes in its board of directors or senior management during the reporting period[55]. - The company has maintained compliance with all commitments made during its initial public offering[64]. Related Party Transactions - The total amount of related party transactions for the first half of 2022 was 69,628.66 million yuan, with a total approved amount of 172,000 million yuan[70]. - The company reported a related party transaction amount of 10,660.57 million yuan for the purchase of welding parts, accounting for 73.05% of similar transactions[70]. Risk Management - The company emphasizes a prudent approach to forward foreign exchange transactions, avoiding speculative trading and focusing on normal business operations to mitigate exchange rate risks[45]. - The company has equipped its team with professionals for market analysis and risk management to enhance its foreign exchange risk management capabilities[44]. Environmental Impact - The company has implemented measures to reduce carbon emissions, including upgrading to energy-efficient equipment and utilizing clean energy sources like solar power[61]. - The company has conducted environmental impact assessments for all new, modified, and expanded projects, obtaining necessary approvals[59].

Financial Performance - The company's revenue for Q1 2022 was CNY 1,508,798,696.61, representing a 4.42% increase compared to CNY 1,444,911,113.09 in the same period last year[4] - Net profit attributable to shareholders decreased by 3.78% to CNY 233,178,674.35 from CNY 242,350,681.47 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 1,508,798,696.61, an increase of 4.7% compared to CNY 1,444,911,113.09 in Q1 2021[17] - Net profit for Q1 2022 was CNY 233,092,122.27, a decrease of 3.4% from CNY 242,217,032.23 in Q1 2021[18] - The comprehensive income total for Q1 2022 was CNY 182,077,396.29, compared to CNY 249,225,542.00 in Q1 2021, indicating a decline of 27%[19] Cash Flow - The net cash flow from operating activities improved significantly by 229.38%, reaching CNY 101,080,583.37 compared to a negative CNY 312,020,365.15 in the previous year[4] - Cash flow from operating activities for Q1 2022 was CNY 1,305,459,454.31, up from CNY 1,127,561,357.52 in Q1 2021, representing a growth of 15.8%[20] - The total cash outflow from operating activities was 1,204,378,870.94 CNY, slightly down from 1,205,690,895.83 CNY in the previous year[21] - The net cash flow from operating activities was 101,080,583.37 CNY, a significant improvement compared to -78,129,538.31 CNY in the same period last year[21] - Cash inflow from financing activities was 42,413,497.47 CNY, down from 125,662,684.98 CNY in the same quarter last year[21] - The net cash flow from financing activities was 39,909,400.98 CNY, a decrease from 124,509,316.48 CNY year-over-year[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,596,416,212.98, a decrease of 0.62% from the previous year-end[5] - The total liabilities decreased to CNY 903,306,963.79 in Q1 2022 from CNY 1,132,955,060.27 in Q1 2021, a reduction of 20.3%[17] - The company’s total liabilities decreased to RMB 4,774,653,099.99 from RMB 4,791,726,973.74, indicating a reduction of about 0.4%[15] - The company’s non-current assets totaled RMB 2,821,763,112.99, slightly down from RMB 2,851,811,484.28[16] Equity and Shareholder Information - The total equity attributable to shareholders increased by 2.80% to CNY 6,687,184,317.73 from CNY 6,504,747,967.58 at the end of the previous year[5] - The total equity attributable to shareholders of the parent company increased to CNY 6,687,184,317.73 in Q1 2022 from CNY 6,504,747,967.58 in Q1 2021, reflecting a growth of 2.8%[17] - Basic earnings per share for Q1 2022 were CNY 0.2915, down from CNY 0.3029 in Q1 2021, a decrease of 6.5%[19] - The company initiated a share repurchase plan with a total amount not less than RMB 50 million and not exceeding RMB 100 million, with a maximum repurchase price of RMB 25.00 per share[13] - The company repurchased 201,500 shares on April 8, 2022, representing 0.03% of the total share capital, with a total transaction amount of RMB 3,718,786.00[14] Expenses and Costs - Total operating costs for Q1 2022 were CNY 1,261,229,170.41, up from CNY 1,168,303,567.39 in the same period last year, reflecting a year-over-year increase of 7.9%[18] - R&D expenses for Q1 2022 amounted to CNY 67,445,393.69, compared to CNY 61,139,982.54 in Q1 2021, indicating a year-over-year increase of 10.5%[18] - The company paid 458,144,690.85 CNY to employees, an increase from 442,474,826.16 CNY in the previous year[21] - The company paid taxes amounting to 74,422,362.02 CNY, up from 51,836,627.26 CNY year-over-year[21] Other Financial Metrics - The weighted average return on equity was 3.52%, down from 4.11% in the same period last year, reflecting a decrease of 0.59%[4] - The company experienced a 245.34% increase in fair value gains, reaching CNY 3,325,418.95, mainly due to forward foreign exchange transactions[9] - The deferred income tax liabilities increased to CNY 48,631,997.93 in Q1 2022 from CNY 46,993,358.45 in Q1 2021, an increase of 3.5%[17] - The company reported a significant increase in other income, which rose by 144.67% to CNY 7,885,900.02, primarily due to increased government subsidies[9] - The company reported a significant increase in other receivables, which rose to RMB 42,652,804.12 from RMB 20,740,334.98, marking a growth of approximately 105.5%[15] Inventory and Receivables - Accounts receivable increased to RMB 1,877,469,901.70, up from RMB 1,754,434,790.13, indicating a growth of about 7.0%[15] - The company’s inventory stood at RMB 1,431,461,835.86, a slight decrease from RMB 1,450,188,279.03[15] - Cash and cash equivalents decreased to RMB 373,374,162.68 from RMB 410,538,138.34, reflecting a decline of approximately 9.4%[15] Investment Activities - The cash flow from investing activities showed a negative net flow of CNY 173,446,696.37, a 33.63% increase in outflows compared to the previous year[10] - The total cash outflow from investing activities was 187,759,485.81 CNY, compared to 136,728,562.17 CNY in the previous year, resulting in a net cash flow from investing activities of -173,446,696.37 CNY[21] - The company recorded an investment cash inflow of 14,312,789.44 CNY, compared to 6,935,110.00 CNY in the same period last year[21] Exchange Rate Impact - The company experienced a negative impact of -4,532,308.12 CNY from exchange rate fluctuations on cash and cash equivalents[21]

Financial Performance - The company's operating revenue for 2021 was CNY 6,008,330,564.94, representing a 13.48% increase from CNY 5,294,480,426.30 in 2020[14]. - The net profit attributable to shareholders for 2021 was CNY 1,053,175,373.42, a 4.56% increase compared to CNY 1,007,210,457.12 in 2020[14]. - The net profit after deducting non-recurring gains and losses was CNY 982,128,889.16, up 2.57% from CNY 957,493,475.37 in the previous year[14]. - The basic earnings per share for 2021 was CNY 1.3165, reflecting a 4.57% increase from CNY 1.2590 in 2020[14]. - The total assets at the end of 2021 were CNY 7,643,538,458.02, marking a 9.63% increase from CNY 6,972,147,328.88 at the end of 2020[14]. - The net assets attributable to shareholders increased by 12.74% to CNY 6,504,747,967.58 from CNY 5,769,854,730.45 in the previous year[14]. - The weighted average return on equity for 2021 was 16.93%, down from 18.72% in 2020, indicating a decrease of 1.79%[14]. - The company reported a total of CNY 71.05 million in non-recurring gains and losses for 2021, compared to CNY 49.72 million in 2020[21]. Cash Flow - The net cash flow from operating activities was CNY 118,375,580.66, a significant increase of 192.62% compared to -CNY 127,801,322.40 in 2020[14]. - The net cash flow from operating activities showed a negative value of CNY -78.13 million in the third quarter, but improved to CNY 97.97 million in the fourth quarter[19]. - Operating cash inflow totaled ¥4,818,341,909.39, a 30.32% increase from the previous year, while cash outflow was ¥4,699,966,328.73, up 22.87%[47]. - The net cash flow from operating activities improved significantly to ¥118,375,580.66, compared to a negative cash flow of -¥127,801,322.40 in the previous year, marking a 192.62% increase[47]. Revenue Breakdown - The tire mold business generated a revenue of CNY 3.357 billion, with a gross margin of 36.08%, up by 1.57% year-on-year[29][30]. - The large component machinery products segment reported a revenue of CNY 2.441 billion, reflecting a year-on-year growth of 16.94%[31]. - The automotive tire equipment sector contributed ¥3,485,852,736.54, accounting for 58.02% of total revenue, with a growth of 12.27% year-on-year[32]. - Domestic sales amounted to ¥3,358,840,273.59, representing 55.90% of total revenue, with a growth of 6.90% year-on-year[32]. - Export sales reached ¥2,649,490,291.35, accounting for 44.10% of total revenue, showing a significant increase of 23.09% year-on-year[32]. Research and Development - The company focused on R&D and innovation, obtaining multiple patents and enhancing production efficiency through automation[27]. - R&D expenses rose by 29.63% year-on-year to ¥259,418,025.24, representing 4.32% of operating revenue[46]. - The company has achieved mass production of several key R&D projects, including the 880 series large diameter aluminum alloy impeller technology and energy-saving tire molds[43]. - The company is focusing on developing new energy-saving hydraulic tire vulcanizers and multi-axis laser cleaning machines to enhance market competitiveness[43]. Market and Industry Outlook - The company anticipates continued growth in the wind power sector, with a planned installed capacity of 290 million kilowatts during the "14th Five-Year Plan" period[23]. - The international tire mold market is expected to see increased demand due to the recovery of the Western economy and the trend of multinational companies sourcing molds globally[22]. - The company has identified potential for sustainable development in the tire mold industry, indicating a positive outlook for future growth[22]. Risks and Challenges - The company faces risks including economic environment risk, exchange rate fluctuation risk, market competition risk, and raw material price volatility[3]. - The company recognizes the risk of exchange rate fluctuations affecting export pricing and profitability due to its increasing foreign market presence[72]. - The main raw materials for the company include forged steel, pig iron, and aluminum ingots, with fluctuations in prices negatively impacting gross and net profit margins[75]. Corporate Governance - The company adheres to legal and regulatory requirements for corporate governance, ensuring compliance with relevant standards[78]. - The company has established a sound organizational structure, with all departments operating independently from the controlling shareholder[82]. - The company maintains an independent and complete research, procurement, production, and sales system, without reliance on shareholders or related parties[79]. Employee and Management - The total number of employees at the end of the reporting period was 12,803, with 11,882 in the parent company and 921 in major subsidiaries[107]. - The company has established a comprehensive training system to enhance employee skills, including various training programs for different employee levels[109]. - The company is committed to talent development and has established a competitive management team to ensure sustainable growth[67]. Environmental and Sustainability Efforts - The company has achieved ISO14001 and ISO50001 certifications, demonstrating its commitment to environmental management and energy efficiency[129]. - The company was recognized as a "Green Factory" by the Ministry of Industry and Information Technology, highlighting its efforts in sustainable manufacturing practices[129]. - The company has implemented a strict waste classification management system, aiming to minimize emissions and promote green production[129]. Shareholder Information - The company plans to distribute a cash dividend of CNY 3.75 per 10 shares, based on a total of 800,000,000 shares[4]. - The total cash dividend amount represents 100% of the total distributable profit of 4,606,324,002.68 CNY for the reporting period[113]. - The participation ratio for the first extraordinary shareholders' meeting in 2021 was 47.34%[84].

Financial Performance - The company's revenue for Q3 2021 was CNY 1,457,109,699.06, representing a 4.56% increase year-over-year, while year-to-date revenue reached CNY 4,530,142,897.50, up 17.87% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was CNY 262,029,232.59, a decrease of 9.09% year-over-year, with year-to-date net profit at CNY 842,652,580.86, reflecting a 5.25% increase[4] - Total operating revenue for the third quarter reached CNY 4,530,142,897.50, an increase from CNY 3,843,396,541.28 in the same period last year, representing a growth of approximately 17.9%[19] - Net profit attributable to the parent company was CNY 842,652,580.86, compared to CNY 800,604,993.61 in the previous year, reflecting an increase of approximately 5.2%[20] - The total comprehensive income attributable to the parent company for Q3 2021 was CNY 832,512,119.41, an increase from CNY 817,106,839.47 in Q3 2020, reflecting a growth of approximately 1.7%[21] - The company reported a basic and diluted earnings per share of CNY 1.0533 for Q3 2021, compared to CNY 1.0008 in Q3 2020, reflecting an increase of approximately 5.3%[21] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 691,327,378.49 year-to-date, a significant decline of 312.04% compared to the previous year[4] - The net cash flow from operating activities decreased significantly to -691,327,378.49 yuan, a change of -312.04% compared to the previous period[10] - The total cash inflow from operating activities for Q3 2021 was CNY 2,807,462,458.64, up from CNY 2,597,613,691.52 in the same period last year, representing an increase of about 8.1%[22] - The company recorded a total operating cash outflow of CNY 3,498,789,837.13 in Q3 2021, which is an increase from CNY 2,765,397,239.22 in Q3 2020, reflecting a rise of about 26.5%[23] - The net cash flow from investing activities also saw a substantial decline to -121,362,640.88 yuan, reflecting a change of -302.93% from the prior year[10] - The cash flow from investment activities showed a net outflow of CNY 121,362,640.88 for Q3 2021, compared to a net outflow of CNY 30,119,860.56 in Q3 2020, indicating a worsening investment cash flow situation[23] - The net cash flow from financing activities increased to 739,611,454.55 yuan, marking a rise of 191.91% compared to the last period[10] - The net cash flow from financing activities for Q3 2021 was CNY 739,611,454.55, a substantial increase from CNY 253,371,114.36 in Q3 2020, indicating a growth of about 191%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,687,227,837.13, marking a 10.26% increase from the end of the previous year[4] - The total assets of the company reached CNY 7,687,227,837.13, up from CNY 6,972,147,328.88, marking an increase of approximately 10.3%[18] - Total liabilities increased to CNY 1,377,273,825.09 from CNY 1,196,481,839.53, representing a growth of about 15.1%[18] - The company's non-current assets totaled CNY 2,862,512,804.08, an increase from CNY 2,793,756,844.15, indicating a growth of approximately 2.5%[18] - The company's equity attributable to shareholders increased by 9.24% year-over-year, reaching CNY 6,302,785,635.00[4] - Total equity stood at CNY 5,775,665,489.35, remaining unchanged from the previous period[27] Expenses and Investments - Research and development expenses increased by 37.26% year-over-year, totaling CNY 181,072,475.59, indicating a rise in R&D activities[9] - Operating costs amounted to CNY 3,616,620,162.08, up from CNY 2,933,956,248.20, indicating a rise of about 23.3%[19] - The company reported a 54.30% increase in investment income, totaling CNY 27,201,333.18, driven by higher returns from entrusted loans and forward foreign exchange transactions[9] - Research and development expenses totaled CNY 181,072,475.59, which is an increase from CNY 131,920,145.23, showing a growth of about 37.0%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,162[11] - The largest shareholder, Zhang Gongyun, holds 30.06% of the shares, amounting to 240,476,600 shares[12] Other Financial Metrics - The weighted average return on equity decreased by 1.15% to 3.97% for the reporting period[4] - The company reported a significant increase in other income, which rose by 147.60% year-over-year to CNY 29,281,697.06, primarily due to increased government subsidies[9] - The company experienced a 210.17% increase in other current liabilities, amounting to CNY 5,623,498.01, attributed to an increase in prepaid VAT[8] - The company reported a decrease in employee compensation liabilities to CNY 288,185,239.81 from CNY 318,501,585.91, a reduction of about 9.5%[18] - Deferred income tax assets decreased to CNY 1,477,686.65 from CNY 1,642,188.48, reflecting a decline of approximately 10.0%[18] Audit and Standards - The report for the third quarter was not audited[28] - The company has implemented new leasing standards starting from 2021, with no retrospective adjustments made to prior comparative data[28]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥3,073,033,198.44, representing a 25.44% increase compared to ¥2,449,813,268.29 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was ¥580,623,348.27, up 13.32% from ¥512,362,256.57 in the previous year[14]. - The net profit after deducting non-recurring gains and losses was ¥541,986,114.26, reflecting a 9.00% increase from ¥497,251,179.11 in the same period last year[14]. - The basic earnings per share for the period was ¥0.7258, an increase of 13.32% compared to ¥0.6405 in the previous year[14]. - The total assets at the end of the reporting period were ¥7,723,418,233.97, a 10.78% increase from ¥6,972,147,328.88 at the end of the previous year[14]. - The net assets attributable to shareholders of the listed company were ¥6,473,511,521.23, up 12.20% from ¥5,769,854,730.45 at the end of the previous year[14]. - The company achieved operating revenue of 3.073 billion yuan, a year-on-year increase of 25.44%[23]. - The net profit attributable to shareholders reached 581 million yuan, up 13.32% year-on-year[23]. - Total assets increased to 7.723 billion yuan, growing by 10.78% compared to the end of the previous year[23]. - Net assets attributable to shareholders rose to 6.474 billion yuan, an increase of 12.20% from the end of the previous year[23]. - The company reported a total comprehensive income of ¥701,730,867.10 for the first half of 2021, compared to ¥532,229,530.83 in the same period of 2020, an increase of 31.8%[105]. - The company's total equity attributable to shareholders reached approximately CNY 6.47 billion, up from CNY 5.77 billion, representing a growth of about 12.1%[100]. Cash Flow and Investments - The net cash flow from operating activities was -¥579,803,491.32, a significant decrease of 438.09% compared to -¥107,752,332.18 in the same period last year[14]. - The net increase in cash and cash equivalents was ¥81,565,399.92, a 300.81% increase compared to a decrease of -¥40,618,314.95 in the previous year[27]. - Cash and cash equivalents at the end of the reporting period amounted to ¥374,401,992.95, representing 4.85% of total assets, an increase from 4.21% in the previous year[32]. - The company reported a decrease in accounts payable from CNY 283.85 million to CNY 217.42 million, a reduction of approximately 23.4%[99]. - The company reported a total cash inflow from investment activities decreased to 121,225,382.56 CNY in the first half of 2021, down from 467,915,148.50 CNY in the first half of 2020[113]. - Cash inflow from financing activities increased to 721,304,561.87 CNY in the first half of 2021, compared to 601,368,976.12 CNY in the same period of 2020[113]. Research and Development - Research and development expenses rose by 31.74% to ¥121,105,054.05, attributed to increased R&D activities during the reporting period[27]. - The company holds multiple invention patents and emphasizes research and development in its operations[24]. - Research and development expenses for the first half of 2021 were ¥121,105,054.05, an increase of 31.6% from ¥91,929,548.96 in the same period of 2020[104]. Market Position and Strategy - The company has established strategic partnerships with several Fortune 500 companies, enhancing its market position[25]. - The company operates in a market with significant demand for tire molds due to the rapid development of the automotive industry[21]. - The company maintains a strong brand reputation and customer trust, positioning itself as a leading manufacturer in the tire mold market[25]. - The company is focusing on automation and continuous innovation in technology to improve production efficiency[23]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[106]. Risks and Challenges - The company faces risks including economic environment risk, exchange rate fluctuation risk, market competition risk, and raw material price fluctuation risk[5]. - Rising raw material prices have negatively impacted the company's gross and net profit margins, prompting efforts to control production costs[55]. - Exchange rate fluctuations pose a risk to the company's export sales pricing and profitability, especially as export sales increase[53]. - The company faces economic environment risks that could impact sales and revenue growth, and it is developing mechanisms to mitigate these risks[52]. Shareholder Information - The company plans to distribute a cash dividend of ¥3.75 per 10 shares (including tax) based on a total of 800,000,000 shares[5]. - The total distributable profit for the period is 4,453,798,438.58 CNY, with the cash dividend accounting for 100% of the profit distribution[59]. - The total number of shares is 800,000,000, with 34.54% being limited shares and 65.46% being unrestricted shares[81]. - The largest shareholder, Zhang Gongyun, holds 30.06% of the shares, totaling 240,476,600 shares[86]. - The total number of ordinary shareholders at the end of the reporting period was 15,468[88]. Compliance and Governance - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[58]. - There are no significant environmental issues or administrative penalties reported during the period, and the company adheres to a comprehensive environmental management system[62]. - The company has received ISO14001 certification and has been recognized as a "green factory" by the Ministry of Industry and Information Technology[62]. - The semi-annual financial report has not been audited[66]. - The company has not faced any major litigation or arbitration matters during the reporting period[66]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern assumption, supported by a history of profitable operations and sufficient financial resources[129]. - The accounting policies are in accordance with the Ministry of Finance's enterprise accounting standards, ensuring accurate reflection of financial status[130]. - The company adopts an expected credit loss model for accounts receivable and notes receivable, measuring losses based on the expected credit loss over the entire duration of the financial instruments[150]. - The company recognizes impairment losses for receivables when expected credit losses exceed the current impairment provision on the balance sheet[150].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,444,911,113.09, representing a 34.09% increase compared to ¥1,077,537,243.59 in the same period last year[4] - Net profit attributable to shareholders was ¥242,350,681.47, up 26.74% from ¥191,212,184.86 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥234,743,503.08, reflecting a 27.42% increase from ¥184,225,940.10 in the previous year[4] - Basic and diluted earnings per share were both ¥0.3029, an increase of 26.74% from ¥0.2390 in the previous year[4] - Total comprehensive income for Q1 2021 was CNY 249,225,542.00, up from CNY 191,965,707.89 in Q1 2020, indicating a growth of 29.5%[33] - Operating profit for Q1 2021 was CNY 274,642,180.71, a 23% increase from CNY 223,225,630.90 in Q1 2020[32] - The company reported a net profit margin improvement, reflecting a positive trend in operational efficiency[31] Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥312,020,365.15 compared to a net inflow of ¥117,138,840.55 in the same period last year, marking a -366.37% change[4] - The net cash flow from operating activities was negative at -¥312,020,365.15, a decline of 366.37% compared to ¥117,138,840.55 in the previous period[12] - Operating cash inflow for the current period was ¥893,670,530.68, a decrease of 7.2% from ¥962,900,132.95 in the previous period[36] - The ending balance of cash and cash equivalents decreased to ¥206,734,461.03 from ¥360,634,418.13 in the previous period[40] - The company reported a total operating cash outflow of ¥1,205,690,895.83, compared to ¥845,761,292.40 in the previous period[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,239,619,566.48, a 3.84% increase from ¥6,972,147,328.88 at the end of the previous year[4] - The total liabilities stood at CNY 3.73 billion, with short-term borrowings slightly decreasing to CNY 369.42 million from CNY 370.14 million[25] - The total equity attributable to shareholders of the parent company reached CNY 6,020,028,349.97, up from CNY 5,769,854,730.45 year-over-year[27] - The total liabilities increased to CNY 1,219,942,358.18 from CNY 1,203,551,664.65 in the previous period[30] - The company holds long-term equity investments valued at CNY 419,239,042.92[43] Expenses - The cost of goods sold increased to ¥1,037,997,793.46, a rise of 35.45% from ¥766,304,848.58, primarily due to increased sales volume[12] - Management expenses rose by 32.95% to ¥36,934,979.43, attributed to higher employee compensation[12] - Financial expenses surged by 316.78% to ¥8,667,545.30, mainly due to increased exchange losses from currency fluctuations[12] - Operating costs for Q1 2021 were CNY 1,012,013,456.92, up from CNY 743,718,539.60 in Q1 2020, reflecting a 36.2% increase[34] - Research and development expenses increased to CNY 61,139,982.54, representing a 24% rise from CNY 49,254,491.91 in Q1 2020[32] Foreign Exchange and Derivative Investments - The company reported a fair value loss of CNY 2.29 million from derivative investments during the reporting period[23] - The company emphasized that it adheres to a prudent principle in foreign exchange transactions, avoiding speculative trading[16] - The report highlighted that the company’s foreign exchange operations are primarily aimed at hedging against exchange rate risks[16] - The company aims to mitigate risks associated with market, liquidity, credit, and operational factors in its derivative investments[16] - The independent directors support the company's foreign exchange forward business as a necessary measure to mitigate exchange rate risks[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,421[7] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[21] Other Information - The report noted that the company is focused on normal production operations as a basis for its financial activities[16] - The first quarter report was not audited, indicating preliminary financial results[48] - The company has implemented the new leasing standard from January 1, 2021, affecting the financial statements[46]

Financial Performance - The company's operating revenue for 2020 was CNY 5,294,480,426.30, representing a 20.68% increase compared to CNY 4,387,056,102.32 in 2019[10]. - The net profit attributable to shareholders for 2020 was CNY 1,007,210,457.12, up 16.74% from CNY 862,763,843.42 in 2019[10]. - The net profit after deducting non-recurring gains and losses was CNY 957,493,475.37, a 14.92% increase from CNY 833,168,538.55 in 2019[10]. - The basic earnings per share for 2020 was CNY 1.2590, reflecting a 16.74% increase from CNY 1.0785 in 2019[10]. - The total assets at the end of 2020 were CNY 6,972,147,328.88, a 2.66% increase from CNY 6,791,766,521.33 at the end of 2019[10]. - The net assets attributable to shareholders at the end of 2020 were CNY 5,769,854,730.45, up 16.54% from CNY 4,951,177,386.04 at the end of 2019[10]. - The net cash flow from operating activities for 2020 was CNY -127,801,322.40, an improvement of 25.34% compared to CNY -171,173,891.62 in 2019[10]. - The weighted average return on equity for 2020 was 18.72%, slightly down from 18.76% in 2019[10]. Revenue Breakdown - The company's total revenue for Q1, Q2, Q3, and Q4 of 2020 was approximately ¥1.08 billion, ¥1.37 billion, ¥1.39 billion, and ¥1.45 billion respectively, showing a steady increase throughout the year[13]. - The net profit attributable to shareholders for the same quarters was approximately ¥191 million, ¥321 million, ¥288 million, and ¥206 million, indicating fluctuations in profitability[13]. - Domestic sales accounted for 59.34% of total revenue, growing by 46.56% year-on-year, while international sales decreased by 4.05% to 40.66% of total revenue[22]. - The automotive tire equipment sector generated CNY 3.10 billion in revenue, contributing 58.64% to total revenue, with a growth of 3.75%[22]. - The large component machinery products segment saw a significant revenue increase of 56.73%, reaching CNY 2.09 billion, which accounted for 39.43% of total revenue[22]. Research and Development - The company maintained a strong focus on R&D, achieving multiple patents and adopting advanced manufacturing technologies such as laser engraving and 3D printing[18]. - The company focused on enhancing R&D and technological innovation, leading to continuous upgrades of specialized equipment and automation in production[20]. - The company increased its R&D investment to ¥200,128,809.98 in 2020, representing a 13.24% increase compared to ¥176,724,267.97 in 2019[33]. - The company plans to enhance its research and development capabilities and expand its product line in the tire mold and rubber machinery sectors[52]. - The company has a strong focus on innovation and continuous improvement to enhance its core competitiveness[52]. Risk Management - The company faces risks including economic environment risk, exchange rate fluctuation risk, market competition risk, and raw material price fluctuation risk[2]. - Economic environment risks may impact product sales and revenue growth, prompting the company to develop effective risk mitigation strategies[58]. - The company faces exchange rate fluctuation risks due to its significant export sales, which could affect pricing and profitability[59]. - The company emphasizes risk management in foreign exchange operations to mitigate potential losses from currency fluctuations[48]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[2]. - The company has distributed a total cash dividend of 600 million yuan over the past three years, with 2020 plans to not distribute cash dividends or issue new shares[67]. - The cash dividend in 2020 represented 29.79% of the net profit attributable to ordinary shareholders, which was 1,007,210,457.12 CNY[70]. - The retained earnings for 2020 increased compared to previous years, indicating a focus on reinvestment rather than dividend distribution[69]. Subsidiaries and Expansion - The company added two subsidiaries in Brazil during the reporting period, expanding its consolidation scope[28]. - The company established two new subsidiaries in Brazil, which will help better serve local customers and expand market presence[51]. - The company aims to increase its international market share and develop a comprehensive manufacturing base for tire molds and rubber machinery[52]. Financial Stability - The company's debt-to-asset ratio stood at 17.16%, indicating a healthy financial status[20]. - The total liabilities decreased to CNY 1,196,481,839.53 in 2020 from CNY 1,834,637,570.30 in 2019, a reduction of approximately 34.73%[171]. - The equity attributable to shareholders of the parent company increased to CNY 5,769,854,730.45 in 2020, up from CNY 4,951,177,386.04 in 2019, representing a growth of about 16.43%[171]. Corporate Governance - The company has appointed Xinyong Zhonghe Accounting Firm with an audit service fee of 520,000 RMB, maintaining a continuous service period of 13 years[80]. - The company has established an internal audit department to oversee internal control and audit processes[149]. - The audit report was signed on March 29, 2021, by the accounting firm Xinyong Zhonghe[158]. - The company has maintained compliance with corporate governance standards set by regulatory authorities, with no significant discrepancies reported[136]. Employee and Management - The company has a total of 12,890 employees, with 8,925 in production, 157 in sales, and 2,431 in technical roles[131]. - The company has established a comprehensive training system, completing various training programs in 2020, including new employee onboarding and management training[134]. - The company has a diverse board with members having extensive backgrounds in engineering and management[119]. Audit and Compliance - The company reported a standard unqualified audit opinion for the financial statements for the year ended December 31, 2020[158]. - The audit committee reviewed the financial reports and internal control systems, ensuring compliance with relevant regulations[148]. - The company has implemented key audit procedures to assess the reasonableness of management's assumptions regarding expected credit losses and the adequacy of the bad debt provision[163].