编号：20230421 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 全体投资者 时间 2023 年 4 月 21 日 15:00 至 16:00 地点 全景网 上市公司参会人 员姓名 公司董事、总经理兼董事会秘书张福如先生，财务总监王晔女士， 独立董事董秀良先生。 投资者关系活动 主要内容 提问环节： 提问 1：领导，您好！我来自大决策 请问公司在新能源领域什么布 局吗 回答：您好！目前公司产品主要适用于燃油发动机，相关产品也适 用于混合动力等新能源汽车。 提问 2：怎么不是直播呢 回答：您好！本次业绩说明会采用网络远程的方式举行，以文字形 式与投资者进行交流。谢谢！ 提问 3：请问登云简易增发程序证监会收理了吗？ 回答：您好！公司以简易程序向特定对象发行股票的相关工作正在 推进当中，敬请关注公司相关公告！谢谢！ 提问 4：您好，请问汉阴黄龙金矿扩产 30 万吨的项目环评审批通过 了吗？环评通过后预计今年什么时候开工？ 1 证券代码：002715 证券简称：登云股份 怀集登云汽配股份有限公司投资者关系活动记 ...

证券代码：002715 证券简称：登云股份 公告编号：2023-038 怀集登云汽配股份有限公司 关于举行 2022 年度网上业绩说明会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 怀集登云汽配股份有限公司（以下简称"公司"）定于 2023 年 4 月 21 日（星 期五）15:00－16:00 在全景网举办 2022 年度业绩说明会，本次年度业绩说明会 将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平台" （https://ir.p5w.net）参与本次年度业绩说明会。 出席本次年度业绩说明会的人员有：公司董事、总经理兼董事会秘书张福如 先生，财务总监王晔女士，独立董事董秀良先生。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2023 年 4 月 21 日（星期五）12:00 前访问 https://ir.p5w.net/zj/，或扫描下方二维 码，进入问题征集专题页面。公司将在 2022 年度业绩说明会上，对投资者普遍 关注的问题进行回答 ...

Financial Performance - The company's operating revenue for 2022 was CNY 507,196,904.60, representing a 4.47% increase from CNY 485,497,959.09 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY -132,016,144.69, a significant decrease of 2,017.16% compared to CNY 6,886,031.98 in 2021[20]. - The net cash flow from operating activities decreased by 85.44% to CNY 5,953,000.23 from CNY 40,890,787.76 in the previous year[20]. - The basic earnings per share for 2022 was CNY -0.9566, down 2,017.03% from CNY 0.0499 in 2021[20]. - Total assets at the end of 2022 were CNY 1,000,837,422.33, a decrease of 1.37% from CNY 1,014,787,233.92 at the end of 2021[20]. - The net assets attributable to shareholders decreased by 24.19% to CNY 389,896,099.86 from CNY 514,326,540.46 in 2021[20]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2022, representing a year-over-year increase of 10%[104]. - The company reported a total revenue of 1.5 billion yuan for the year 2022, representing a year-over-year increase of 15%[196]. Market and Sales Performance - In 2022, the company's sales volume of valves decreased by 8.23% year-on-year, with domestic sales down by 21.43%[33]. - The company’s export sales volume increased by 30.46% year-on-year, attributed to the release of production capacity to meet export demand[33]. - The automotive industry in China saw a production and sales increase of 3.4% and 2.1% respectively in 2022, with passenger vehicles growing by 11.2% and 9.5%[30]. - The company’s valve business revenue grew by 2.57% year-on-year, aligning with the overall industry growth[31]. - The overseas market contributed 44.80% of total revenue, amounting to 227.23 million yuan, a year-on-year increase of 30.78%[46]. - The company’s top five customers accounted for 56.36% of total annual sales, with the largest customer contributing 20.45%[52]. Research and Development - The company holds 28 authorized effective patents, including 18 invention patents and 1 international patent[34]. - The company has established partnerships with several universities, enhancing its research and development capabilities[35]. - The company has invested 100 million RMB in R&D for innovative technologies in automotive components[104]. - The number of R&D personnel increased by 18.12% to 176 in 2022 from 149 in 2021, with a higher proportion of master's degree holders[58]. - The company did not capitalize any R&D expenses in 2022, a decrease from 16.35% in 2021[59]. Operational Efficiency and Cost Management - The company aims to enhance its manufacturing technology level and reduce production costs through the application of new nickel-based alloy materials[56]. - The automated production line system has been developed, reducing cycle time to 10-12 seconds per unit, enhancing production efficiency[57]. - The company aims to reduce operational costs by 15% through enhanced supply chain management and automation[182]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[181]. Strategic Plans and Future Outlook - The company plans to continue expanding its market presence, particularly in the overseas market, where commercial vehicle exports grew by 44.9%[30]. - In 2023, the company plans to implement a dual domestic and international market strategy, focusing on developing new valve products for diesel and gas engines, while expanding its customer base[78]. - The company provided a future outlook, projecting a revenue growth of 12% for 2023, driven by new product launches and market expansion strategies[188]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30%[104]. Governance and Compliance - The company maintains an independent governance structure, ensuring that the board of directors and supervisory board operate independently without interference from the controlling shareholder[90]. - The company has established a complete internal audit system to oversee financial operations and prevent internal control risks[91]. - The company emphasizes compliance with legal and regulatory requirements in its operations[173]. - The company is committed to protecting the legitimate rights and interests of the listed company and its shareholders[173]. Environmental Management - The company complies with various environmental protection laws and has received approvals for multiple environmental impact assessments for its projects[142]. - The company has successfully renewed its pollution discharge permits, valid until December 3, 2027[144]. - The company has implemented a hazardous waste management system, including the establishment of environmental protection and solid waste management regulations[147]. - The company has committed to zero discharge of hazardous waste by entrusting qualified companies for collection and disposal[147]. Employee and Stakeholder Relations - The company emphasizes employee rights protection, providing social insurance and various benefits to enhance employee welfare[157]. - The company has established a safety and environmental department to oversee health and safety practices throughout its operations[158]. - The company engages in community support through donations for education and poverty alleviation, contributing to local social welfare[159]. Risks and Challenges - The company faces risks including U.S.-China trade tensions, industry cycle fluctuations, and raw material price volatility[4]. - The company acknowledges risks related to geological changes affecting ore reserves and mining feasibility, and will increase geological exploration efforts to improve resource utilization[86]. - The company reported an asset impairment loss of ¥111,814,035.78, which constituted 91.02% of total profit, primarily due to declining demand for valve products[62].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥228,975,004.95, a decrease of 3.51% compared to ¥237,295,464.33 in the same period last year[18]. - The net profit attributable to shareholders was -¥16,835,001.91, representing a decline of 519.24% from ¥4,015,607.59 in the previous year[18]. - The net cash flow from operating activities was -¥17,504,068.51, a decrease of 352.42% compared to ¥6,934,601.86 in the same period last year[18]. - Basic and diluted earnings per share were both -¥0.1220, down 519.24% from ¥0.0291 in the previous year[18]. - The company's gross profit margin decreased, with operating costs rising by 1.44% to ¥179.46 million from ¥176.92 million year-on-year[44]. - The revenue from the automotive parts segment was ¥209.06 million, accounting for 91.30% of total revenue, down from 93.74% in the previous year[46]. - The company achieved a significant increase in revenue from gold sales, which rose by 35.56% to ¥18.58 million, representing 8.12% of total revenue[46]. - The company reported a net cash flow from operating activities of -¥17.50 million, a decline of 352.42% compared to ¥6.93 million in the previous year[44]. - The company's long-term investments increased significantly, with cash flow from investing activities showing a net outflow of -¥73.93 million, up 334.33% from -¥17.02 million in the previous year[44]. - The company reported a net loss of CNY 16,835,001.91 for the first half of 2022, compared to a net profit of CNY 4,015,607.59 in the first half of 2021[143]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,082,595,473.92, an increase of 6.68% from ¥1,014,787,233.92 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 2.55% to ¥501,214,517.58 from ¥514,326,540.46 at the end of the previous year[18]. - The company's total liabilities increased, with short-term borrowings rising to ¥173.91 million, accounting for 16.06% of total assets, up from 14.21%[49]. - The company's total liabilities increased to CNY 581,380,956.34 from CNY 500,460,693.46 year-on-year[139]. - The total assets of the company reached 2.9 billion yuan, with a significant increase in retained earnings[157]. - The total liabilities were reported at 1.2 billion, which is manageable given the company's asset base[161]. Market and Industry Trends - In the first half of 2022, the company's sales revenue from valve business decreased by 6.01% due to a decline in market demand in the automotive industry[28]. - The total production and sales of automobiles in China in the first half of 2022 were 12.117 million and 12.057 million units, respectively, representing a year-on-year decline of 3.7% and 6.6%[28]. - The production and sales of commercial vehicles dropped significantly by 38.5% and 41.2% year-on-year, while the production and sales of new energy vehicles increased by 120%[28]. - The automotive market in China is expected to recover, with an estimated annual sales volume of 27 million vehicles, a year-on-year growth of approximately 3%[29]. - The company is actively exploring markets in Europe and South America to mitigate risks from U.S.-China trade tensions[60]. Research and Development - The company has established a technical innovation system and has obtained 27 authorized patents, including 18 invention patents and 1 international patent[30]. - The company has a strong research and development capability, focusing on new materials, new product development, and new technology applications[30]. - The company aims to enhance its competitiveness in the diesel engine valve market through increased R&D and resource integration[61]. - Research and development expenses were CNY 6,270,311.00, down from CNY 7,923,964.69 in the previous year[143]. Environmental and Safety Management - The company is classified as a key pollutant discharge unit but has not exceeded pollution discharge standards[75]. - The company reported a wastewater discharge standard compliance, with all measured pollutants below the specified limits, including ≤5 mg/L for ion surfactants and ≤0.5 mg/L for phosphorus[76]. - The company achieved a non-compliance rate of 0% for wastewater discharge, indicating effective pollution control measures in place[77]. - The company has implemented strict adherence to environmental protection laws, including the Water Pollution Prevention Law and the Noise Pollution Prevention Law, ensuring sustainable operations[77]. - The company has established an emergency response plan for environmental incidents, led by the general manager[83]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[4]. - The controlling shareholder has committed to reducing or avoiding competition in the same industry, but risks remain in the short term[66]. - The company has maintained a stable profit distribution policy, ensuring transparency and protection of shareholder rights[87]. - The total number of ordinary shares at the end of the reporting period is 138,000,000, representing 100% of the shares[119]. - The largest shareholder, Yike Zhengrun Investment Group, holds 21.63% of the shares, totaling 29,843,013 shares, with 18,831,700 shares pledged[120]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[156]. - Future guidance suggests continued revenue growth, with expectations of reaching 1.5 billion yuan by the end of the year[156]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[156]. Compliance and Audit - The financial report for the first half of 2022 was not audited[132]. - The company has not issued any non-standard audit reports for the previous year[97]. - The company has not reported any exceedances in noise pollution levels, maintaining compliance with the GB12348-2008 standard[77].

怀集登云汽配股份有限公司 2022 年第一季度报告 证券代码：002715 证券简称：登云股份 公告编号：2022-031 怀集登云汽配股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 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、第一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 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 114,092,972.01 | 115,100,497.98 | -0.88% | | 归属于上市公司股东的净利润（元） | -3,527,246.22 ...

Financial Performance - The company's operating revenue for 2021 was ¥485,497,959.09, representing a 30.28% increase compared to ¥372,654,175.71 in 2020[22] - The net profit attributable to shareholders decreased by 55.11% to ¥6,886,031.98 from ¥15,339,324.29 in the previous year[22] - The net profit after deducting non-recurring gains and losses surged by 339.86% to ¥4,171,542.89, compared to ¥948,387.12 in 2020[22] - The net cash flow from operating activities was ¥40,890,787.76, down 32.64% from ¥60,705,926.06 in 2020[22] - The basic earnings per share decreased by 55.13% to ¥0.0499 from ¥0.1112 in the previous year[22] - The weighted average return on equity was 1.34%, down from 3.06% in 2020, indicating a decline in profitability[22] - The net profit attributable to shareholders for Q4 2021 was 5.42 million yuan, recovering from losses in the previous quarters[26] - The net cash flow from operating activities in Q4 2021 was 37.34 million yuan, indicating a strong recovery in cash generation[26] - The company reported a negative net profit for the year 2021, leading to no cash dividend distribution or stock bonus issuance[150] Assets and Investments - Total assets increased by 38.15% to ¥1,014,787,233.92 at the end of 2021, up from ¥734,571,723.61 at the end of 2020[23] - The net assets attributable to shareholders rose slightly by 1.10% to ¥514,326,540.46 from ¥508,720,429.31 in 2020[23] - The total investment during the reporting period was ¥162,156,699.70, showing a dramatic increase of 9,727.68% compared to the previous year[75] - The company completed the acquisition of Beijing Huanglong Jintai Mining Co., Ltd. for a total amount of 163.8 million, representing 100% ownership[77] - The company acquired 99% of Beijing Huanglong, entering the gold mining sector, with expected net profits of no less than RMB 10.8 million, RMB 11.4 million, RMB 18 million, and RMB 45.2 million for the years 2021 to 2024 respectively[96] Revenue Streams - In 2021, the company's sales revenue for valve products reached 424.94 million yuan, representing a year-on-year growth of 14.50%[32] - The sales revenue from diesel engine valve products was 245.82 million yuan, with a year-on-year increase of 17.86%[32] - Revenue from valve sales increased by 8.33% to CNY 251.18 million, with a gross profit margin of 24.99%, up 0.06% year-on-year[50] - The company reported a new revenue stream from gold mining operations amounting to CNY 57.06 million, contributing a net profit of CNY 8.52 million[51] Market and Industry Trends - The total production and sales of automobiles in China reached 26.27 million units in 2021, marking a year-on-year growth of 3.8%[32] - The market penetration rate of new energy vehicles in China was 13.4%, an increase of 8 percentage points year-on-year[32] - The company expects the total automobile sales in China to reach 27.5 million units in 2022, with a projected growth of approximately 5%[33] - The domestic valve industry is experiencing increasing concentration, with leading companies expanding their market share through investment and technology absorption[86] - The company anticipates further market expansion and increased competition among leading firms in the valve industry[86] Research and Development - The company has established a strong research and development framework, holding 27 valid patents, including 17 invention patents and 1 international patent[38] - The company has implemented a strategic focus on high-efficiency, high-power diesel engine valves and new energy multi-fuel engine valves since 2016[32] - The company is investing 50 million yuan in R&D for new technologies aimed at improving production efficiency[117] - The company’s R&D investment amounted to ¥14,495,071.06 in 2021, representing a 12.74% increase from ¥12,857,028.48 in 2020[70] - The number of R&D personnel increased by 11.19% to 149 in 2021 from 134 in 2020[70] Operational Efficiency - The company has implemented lean production management since 2003, enhancing production efficiency and reducing error rates[45] - The company aims for a finished product rate of over 97% as part of its quality control objectives[91] - The company plans to enhance its production capacity through the launch of new surface treatment workshops and the construction of new dormitories[91] - The management team emphasized a focus on sustainability and reducing carbon emissions by 30% over the next five years[117] Governance and Compliance - The company maintains an independent governance structure, ensuring that the board of directors and supervisory board operate independently from the controlling shareholder[102] - The company has a dedicated internal audit department to oversee financial operations and ensure compliance with governance standards[103] - The company is committed to transparency and shareholder engagement, as demonstrated by the high participation rates in its general meetings[110] - The company has established a cash dividend policy for the period 2021-2023, which was approved by the board and shareholders[149] Environmental Responsibility - The company strictly adheres to environmental protection laws and regulations, implementing a clean production plan in daily operations[161] - The company has established a management system for hazardous waste, ensuring proper storage and disposal by qualified companies[161] - The company has a total annual non-methane hydrocarbon emission of 11.175 tons, which is compliant with the limits[160] - The company has implemented measures to prevent pollution, including the construction of facilities to manage emissions[161] Employee Management - The total number of employees at the end of the reporting period was 1,614, with 1,202 in production, 25 in sales, 262 in technical roles, 14 in finance, and 111 in administration[144] - The company has implemented a performance assessment and incentive mechanism to enhance employee motivation and collaboration[146] - The company plans to continuously recruit talent and strengthen the training of technical and business backbones[147] Strategic Partnerships - The company has established long-term strategic partnerships with major clients such as Caterpillar and Cummins, earning multiple supplier awards[46] - The company aims to strengthen partnerships with domestic and international engine manufacturers, enhancing its supply chain alliance and expanding its market network both domestically and overseas[89]

怀集登云汽配股份有限公司 2021 年第三季度报告 证券代码：002715 证券简称：登云股份 公告编号：2021-068 怀集登云汽配股份有限公司 □ 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 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 99,303,777.01 | -2.29% | 336,599,241.34 | 25.87% | | 归属于上市公司股东 的净利润（元） | -2,549,873.84 | -203.77% | 1,465,733.75 | -66.83% | | 归属于上市公司股东 的扣除非经常性损益 | -4,001,018.27 | -475.24% | -1,254,560.22 | -501.34% | | 的净利润（元） | | | | | | 经营活动产生的现金 流量净额（元） | —— | —— | 3,554,627.5 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥237,295,464.33, representing a 43.12% increase compared to ¥165,797,945.63 in the same period last year[21]. - The net profit attributable to shareholders was ¥4,015,607.59, a significant increase of 104.74% from ¥1,961,314.74 in the previous year[21]. - The net profit after deducting non-recurring gains and losses reached ¥2,746,458.05, compared to a loss of ¥753,655.03 in the same period last year, marking a 464.42% improvement[21]. - The net cash flow from operating activities was ¥6,934,601.86, up 139.02% from ¥2,901,212.67 in the previous year[21]. - The total assets at the end of the reporting period were ¥1,006,774,845.43, reflecting a 37.06% increase from ¥734,571,723.61 at the end of the previous year[21]. - The company reported a basic earnings per share of ¥0.0291, which is a 104.93% increase from ¥0.0142 in the same period last year[21]. - The total comprehensive income for the first half of 2021 was ¥3,832,074.87, compared to ¥2,287,174.60 in the same period of 2020, showing a significant growth[156]. Market and Sales Performance - The company's sales revenue for the engine valve business in the first half of 2021 reached 222.44 million yuan, representing a year-on-year growth of 34.87%[32]. - Sales revenue from diesel engine valve products amounted to 131.22 million yuan, with a significant year-on-year increase of 55.56%[32]. - The automotive market's growth is expected to drive the demand for diesel engine valves, supported by policies promoting the elimination of older emission standard vehicles[33]. - The automotive parts segment contributed ¥222,437,589.89, accounting for 93.74% of total revenue, with a year-on-year growth of 34.87%[52]. - The aftermarket service market accounted for 30.85% of total revenue, showing a stable demand for maintenance and repair services[46]. Research and Development - Research and development investment increased by 15.37% to ¥7,923,964.69, indicating a commitment to innovation and product development[50]. - The company has established a technology innovation system and holds 27 authorized patents, including 17 invention patents and 1 international patent[34]. - The company actively collaborates with universities and research institutions to enhance its research and development capabilities[35]. - The company plans to enhance its competitiveness in the diesel engine valve market through increased R&D and equipment investment[69]. Strategic Initiatives - The company has set up a wholly-owned subsidiary in the U.S. to sell products under its own brand, enhancing its market presence[29]. - The company is increasing efforts to develop markets in Europe and South America to mitigate risks from US-China trade tensions[68]. - The company has established long-term strategic partnerships with major clients, including Caterpillar and Cummins, enhancing its market position[45]. - The company is exploring potential mergers and acquisitions to accelerate growth and expand its product offerings[171]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with various pollutants monitored, all reported to be within the standard limits[83]. - The company reported that all wastewater discharge parameters met the required standards, with specific limits such as ≤30 mg/L for suspended solids and ≤20 mg/L for biochemical oxygen demand[84]. - The company has implemented measures to ensure that all emissions from its facilities remain below the specified limits, including non-methane total hydrocarbons[85]. - The company has maintained a 100% compliance rate for environmental impact assessments for all existing construction projects[89]. Corporate Governance - The company emphasizes the protection of shareholder and creditor rights, ensuring compliance with relevant laws and regulations[94]. - The company has committed to enhancing employee welfare and rights, adhering to labor laws and providing social insurance[94]. - There were changes in the board, with the resignation of independent director Sun Xiangdong and the election of independent director Shen Shifu on March 2, 2021[78]. - The company held a temporary shareholders' meeting on March 2, 2021, with a participation rate of 50.34%, where the acquisition of 99% equity in Beijing Huanglong Jintai Mining Co., Ltd. was approved[76]. Financial Position and Liabilities - The total liabilities increased to CNY 498,193,836.17 from CNY 225,851,294.30, indicating a rise of approximately 120%[147]. - The company's equity totaled CNY 508,581,009.26, slightly down from CNY 508,720,429.31, showing a decrease of about 0.03%[148]. - The company's short-term borrowings increased to ¥153,840,000.00, up from ¥108,790,000.00, reflecting a 0.47% increase in total liabilities[55]. - The company reported a significant increase in fixed assets, which rose to CNY 319,039,252.24 from CNY 278,588,829.88, an increase of about 14.5%[148]. Future Outlook - Future performance guidance indicates a targeted revenue growth of 15% for the next fiscal year, driven by new product launches and market penetration strategies[171]. - The company plans to enhance its market expansion strategy, focusing on increasing its market share in the automotive parts sector[171]. - The company aims to improve its operational efficiency and reduce costs in the upcoming quarters[184].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 115,100,497.98, representing a 46.50% increase compared to CNY 78,567,187.85 in the same period last year[8] - Net profit attributable to shareholders for Q1 2021 was CNY 4,335,349.78, a significant increase of 121.19% from CNY 1,960,042.77 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached CNY 4,048,939.54, marking a 239.40% increase compared to CNY 1,192,977.99 in the previous year[8] - Basic and diluted earnings per share for Q1 2021 were both CNY 0.0314, compared to CNY 0.0142 in the previous year, marking a 121.1% increase[39] - The total comprehensive income for the current period is CNY 440,908.79, up from CNY 212,729.31, reflecting a 106.8% growth[43] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 988,282,315.82, up 34.54% from CNY 734,571,723.61 at the end of the previous year[8] - The company's current assets reached CNY 432,492,661.67, up from CNY 393,614,641.86 at the end of 2020, indicating an increase of about 9.9%[28] - The company's total liabilities were CNY 473,652,323.54, compared to CNY 225,851,294.30 at the end of 2020, indicating a significant increase of about 109.5%[30] - The company's non-current assets totaled CNY 555,789,654.15, up from CNY 340,957,081.75, representing an increase of about 63.0%[29] - Long-term equity investments rose to CNY 633,282,365.35, up from CNY 467,825,865.35, showing a growth of 35.3%[33] Cash Flow - The net cash flow from operating activities was negative at CNY -13,069,995.38, a decline of 3,471.28% compared to CNY 387,686.74 in the previous year[8] - The net cash flow from operating activities is negative at CNY -13,069,995.38, compared to a positive CNY 387,686.74 in the previous period[46] - Cash inflow from operating activities totaled 2,002,667.17, while cash outflow was 2,517,086.82, resulting in a negative cash flow[49] - Cash flow from financing activities showed a net increase of 1,029,282.80, with cash inflow of 10,029,282.80 and outflow of 9,000,000.00[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,529[10] - The company's total equity attributable to shareholders reached CNY 483,430,736.49, slightly up from CNY 482,989,827.70[34] Expenses - Operating costs for the same period amounted to CNY 110,160,645.56, up from CNY 74,807,514.95, indicating a rise in expenses[37] - Research and development expenses for the quarter were CNY 3,578,772.87, compared to CNY 3,344,715.73 in the previous period, reflecting a commitment to innovation[37] - The company incurred management expenses of CNY 2,055,449.64, significantly higher than CNY 784,701.98 in the previous period, marking a 162.5% increase[41] Acquisitions and Investments - The company completed the acquisition of 99% of Beijing Huanglong Jintai Mining Co., Ltd., which has led to significant increases in intangible assets and other non-current assets[15] - The company invested CNY 10,088,701.65 in fixed assets, up from CNY 6,285,579.12 in the previous period, representing a 60.5% increase[47] Other Financial Metrics - The weighted average return on net assets was 0.85%, an increase of 0.45% from 0.40% in the same period last year[8] - The company reported government subsidies amounting to CNY 521,076.51 during the reporting period[9] - Other comprehensive income after tax for the period was CNY 129,477.26, down from CNY 731,033.94, indicating a decrease in certain financial metrics[38] Audit and Compliance - The company has not undergone an audit for the first quarter report[51] - The company has not applied the new leasing standards for the financial statements[51]

Financial Performance - The company's operating revenue for 2020 was CNY 372,654,175.71, representing an increase of 11.01% compared to CNY 335,695,249.82 in 2019[17]. - The net profit attributable to shareholders of the listed company was CNY 15,339,324.29, a significant increase of 311.20% from CNY 3,730,364.45 in the previous year[17]. - The net cash flow from operating activities was CNY 60,705,926.06, up 62.84% from CNY 37,280,470.87 in 2019[17]. - The total assets at the end of 2020 were CNY 734,571,723.61, reflecting a 2.94% increase from CNY 713,594,700.73 at the end of 2019[18]. - The net assets attributable to shareholders of the listed company increased by 3.16% to CNY 508,720,429.31 from CNY 493,153,998.70 in 2019[18]. - The basic earnings per share for 2020 were CNY 0.1112, which is an increase of 311.85% compared to CNY 0.0270 in 2019[17]. - The company achieved a sales revenue of CNY 372.65 million in 2020, representing a year-on-year growth of 11.01%[29]. - Domestic sales revenue rose to 231.39 million yuan, a significant increase of 55.84% year-on-year, while gross profit from domestic sales was 60.02 million yuan, up 91.83%[49]. - Export revenue declined to 139.26 million yuan, a decrease of 24.90% year-on-year, with a gross profit of 33.96 million yuan, down 30.47%[50]. Market Expansion and Strategy - The company has established a wholly-owned subsidiary in the USA, Huaiji Engine Valve USA, Inc., to expand its market presence and sales under its own brand[27]. - The automotive industry in China is projected to recover in 2021, with an expected growth in vehicle sales exceeding 26 million units, which aligns with the company's strategic focus on high-efficiency diesel engine valves[30]. - The company has established strategic partnerships with major clients such as Caterpillar and Cummins, earning multiple awards including "A-Class Supplier" and "Annual Excellent Supplier"[43]. - The company is focused on expanding its market presence by establishing strategic partnerships and enhancing brand influence[83]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next three years[130]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30% and reduce costs by 5%[131]. Research and Development - The company has obtained a total of 26 authorized effective patents, including 16 invention patents and 1 international patent[34]. - The company's research and development expenses were 12.86 million yuan, a decrease of 21.65% compared to the previous year[51]. - The company is investing 100 million RMB in R&D for innovative technologies aimed at improving product efficiency[132]. - Research and development efforts have led to the introduction of two new product lines, expected to contribute an additional 300 million RMB in revenue[155]. Risk Factors - The company faces risks including U.S.-China trade tensions and the global spread of COVID-19, which may adversely affect future development[5]. - The overseas subsidiary in the USA reported a loss of CNY 240.55 thousand, with total assets amounting to CNY 52.39 million, reflecting the challenges in the international market[32]. - The company's main raw material costs, which include various alloy steels and powders, account for approximately 38% of manufacturing costs, exposing it to price volatility risks[90]. - Export business revenue represented 37.52% of the main operating income, leading to exposure to foreign exchange rate fluctuations[90]. Corporate Governance and Compliance - The company ensures the independence of its financial department and accounting system, maintaining a standardized and independent financial accounting system[113]. - The company has established a complete corporate governance structure, ensuring that the board of directors and shareholders exercise their rights independently according to laws and regulations[114]. - The company commits to maintaining the independence of its operations, ensuring that it has the necessary assets, personnel, and capabilities to operate independently in the market[114]. - The company has issued multiple commitment letters regarding share lock-up, price stabilization, and compensation for investor losses, demonstrating a proactive approach to governance[142]. Environmental Responsibility - The company has been recognized as a "Clean Production Enterprise" by the Guangdong Provincial Economic and Information Commission and the Guangdong Provincial Department of Science and Technology[188]. - The company has implemented a clean production plan, including the installation of a total chromium online analyzer to ensure wastewater meets discharge standards[192]. - The company strictly adheres to national and local environmental protection laws and actively responds to energy-saving and emission-reduction policies[192]. - The company reported no exceedance of pollution discharge limits for various pollutants, including total chromium and hexavalent chromium[191]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 69,000,000 based on 138,000,000 shares[5]. - The cash dividend for 2020 is 44.98% of the net profit attributable to ordinary shareholders[102]. - The cash dividend distribution represents 100% of the total distributable profit[103]. - The company did not distribute any cash dividends in 2018 and 2019, marking a return to dividend payments in 2020[100].