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].

Financial Performance - Operating revenue for the reporting period was ¥101,629,108.83, representing a year-on-year increase of 36.84%[9] - Net profit attributable to shareholders was ¥2,457,223.23, a decrease of 43.84% compared to the same period last year[9] - The company achieved a net profit of ¥4,418,537.97 for the first three quarters, an increase of 16.12% year-on-year[16] - Total operating revenue for the third quarter reached ¥101,629,108.83, a significant increase from ¥74,269,238.00 in the previous period, representing a growth of approximately 36.8%[35] - Net profit for the quarter was ¥2,457,223.23, a decrease of 43.7% compared to ¥4,375,671.33 in the same period last year[37] - Net profit for the period was ¥4,418,537.97, compared to ¥3,805,238.51 in the previous period, representing a growth of 16.1%[45] Cash Flow - The net cash flow from operating activities was ¥18,123,677.52, down 38.26% year-on-year[9] - Cash inflow from operating activities totaled CNY 203,156,004.45, down from CNY 287,640,194.89 in the previous period, representing a decrease of approximately 29.5%[51] - Cash outflow from operating activities was CNY 182,131,114.26, compared to CNY 225,124,906.87 in the previous period, a decrease of about 19.1%[53] - Net cash flow from operating activities was CNY 21,024,890.19, significantly lower than CNY 62,515,288.02 in the previous period, a decline of approximately 66.4%[53] - Cash inflow from financing activities was CNY 55,476,055.75, down from CNY 131,964,129.22 in the previous period, a decrease of about 58.0%[54] - The company reported a net cash outflow of CNY 28,841,950.82 for the period, compared to CNY -9,926,934.79 in the previous period[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥723,971,715.81, an increase of 1.45% compared to the end of the previous year[9] - The company's total assets amounted to CNY 723,971,715.81, a slight increase from CNY 713,594,700.73 at the end of 2019[27] - The company's total liabilities were CNY 226,887,629.84, up from CNY 220,440,702.03, marking an increase of about 2.0%[29] - The total liabilities of the company stood at ¥696,623.97, while total equity was ¥475,274,538.93, indicating a healthy equity position[36] - Total liabilities reached CNY 220,440,702.03, with current liabilities at CNY 214,418,068.34 and non-current liabilities at CNY 6,022,633.69[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,502[12] - The equity attributable to the parent company increased to CNY 497,084,085.97 from CNY 493,153,998.70, showing a growth of approximately 0.6%[30] Expenses - Financial expenses increased by 44.52% to ¥7,307,200 due to foreign exchange losses[16] - Total operating costs amounted to ¥99,137,789.16, up from ¥71,188,335.71, indicating an increase of about 39.3%[36] - Research and development expenses increased to ¥3,149,688.01 from ¥1,599,837.17, marking a rise of approximately 96.7%[36] - Tax expenses decreased to ¥1,437,109.79 from ¥2,039,729.53, a reduction of 29.5%[44] Future Plans - The company aims to enhance its market expansion strategies and invest further in new product development to drive future growth[36] - The company plans to continue expanding its market presence and invest in new product development to drive future growth[45] Financial Reporting - The report indicates that the financial statements have not been audited, which may affect the reliability of the data presented[68] - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting[68]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥165,797,945.63, a decrease of 0.86% compared to ¥167,242,167.17 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥1,961,314.74, representing a significant increase of 443.83% from a loss of ¥570,432.82 in the previous year[16]. - Basic earnings per share increased to ¥0.0213 from a loss of ¥0.0062, marking a 443.55% improvement[16]. - The gross profit margin for the main business was 24.76%, slightly up by 0.04% year-on-year, with a total gross profit of approximately ¥41.71 million, a decrease of 0.20%[44]. - The company achieved a net profit of approximately ¥1.96 million, a significant increase of 443.83% year-on-year[47]. - Total operating revenue for the first half of 2020 was CNY 165,797,945.63, a decrease of 0.27% compared to CNY 167,242,167.17 in the same period of 2019[145]. - The company reported a total comprehensive income of 93,000,000 RMB for the current period, which reflects a significant change from the previous period[163]. Cash Flow and Assets - The net cash flow from operating activities was ¥2,901,212.67, down 91.25% from ¥33,158,325.20 in the same period last year[16]. - Cash and cash equivalents decreased to ¥29,731,529.40, representing 4.23% of total assets, down from 12.01%[55]. - The company's current assets decreased to CNY 365,407,624.25 from CNY 377,093,821.66, reflecting a decline of approximately 3.8%[136]. - The cash flow from operating activities generated a net cash inflow of CNY 2,901,212.67, down from CNY 33,158,325.20 in the previous year[153]. - The total cash and cash equivalents at the end of the first half of 2020 were CNY 19,112,938.20, a decrease from CNY 31,286,439.89 at the end of the first half of 2019[154]. Market Position and Strategy - Huaiqi Deyun Auto Parts Co., Ltd. focuses on the R&D, production, and sales of automotive engine intake and exhaust valves, which are critical components affecting engine performance such as torque, fuel consumption, and lifespan[24]. - In the first half of 2020, the company maintained a leading position in the domestic valve industry, with significant partnerships with major manufacturers like Cummins and Caterpillar, and exports covering most models in the EU, US, and Japan[24][26]. - The company has established long-term strategic partnerships with major clients, including Caterpillar and Cummins, and has received multiple awards for being an "A-level supplier" and "excellent supplier" from these clients[40]. - The company plans to increase its share capital by 50% through a capital reserve transfer, resulting in a total share capital of 138 million shares[75]. - The company is focusing on expanding its market presence, particularly in the automotive parts sector, to capture a larger market share[162]. Research and Development - Research and development expenses for the reporting period were approximately ¥6.87 million, down 15.13% year-on-year[46]. - The company has actively engaged in industry-academia-research collaborations with several universities, enhancing its R&D capabilities and fostering innovation[32]. - The company has initiated research and development for new products, which is expected to launch in the next quarter[162]. Risks and Challenges - The company faces risks including US-China trade tensions, industry cycle fluctuations, and raw material price volatility, which may adversely affect future development[5]. - The company's main raw materials account for approximately 40% of manufacturing costs, and fluctuations in prices of metals like nickel, chromium, and cobalt could adversely affect performance[67]. - The company is facing risks related to the expiration of its high-tech enterprise certification, which may affect its tax benefits[70]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities, with no exceedance of discharge standards reported[98]. - The company has not faced any environmental penalties and has complied with all relevant environmental laws and regulations during the first half of 2020[107]. - The company has established a comprehensive environmental emergency response plan to manage potential environmental incidents effectively[105]. Shareholder Information - The total number of shares is 92,000,000, with 5.58% being limited sale shares and 94.42% being unrestricted sale shares[114]. - The largest shareholder, Yike Zhengrun Investment Group Co., Ltd., holds 21.63% of the shares, totaling 19,895,342 shares[117]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[120]. Audit and Compliance - The audit of the semi-annual financial report was conducted by Zhongxi Accounting Firm, with a fee of 300,000 RMB[77]. - The company reported a standard unqualified audit opinion for the half-year report, indicating no significant issues found during the audit[134]. - There were no major litigation or arbitration matters during the reporting period[79].

怀集登云汽配股份有限公司 2020 年第一季度报告全文 证券代码：002715 证券简称：登云股份 公告编号：2020-019 怀集登云汽配股份有限公司 2020 年第一季度报告 2020 年 04 月 1 2 怀集登云汽配股份有限公司 2020 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 怀集登云汽配股份有限公司 2020 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。 公司负责人杨海坤、主管会计工作负责人王晔及会计机构负责人(会计主管 人员)叶景年声明：保证季度报告中财务报表的真实、准确、完整。 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） | 78,567,187.85 | 87,503,356.75 | -10.21% | ...

Financial Performance - The company's operating revenue for 2019 was approximately ¥335.70 million, a decrease of 5.30% compared to ¥354.47 million in 2018[18]. - The net profit attributable to shareholders for 2019 was approximately ¥3.73 million, down 63.66% from ¥10.27 million in 2018[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥1.97 million, a decline of 127.22% compared to ¥7.25 million in 2018[18]. - The basic earnings per share for 2019 were ¥0.0405, a decrease of 63.71% from ¥0.1116 in 2018[18]. - The weighted average return on net assets for 2019 was 0.76%, down from 2.13% in 2018[18]. - The gross profit margin for the company was 23.98%, a decrease of 1.66 percentage points year-on-year, with total gross profit amounting to CNY 80.13 million, down 11.47%[53]. - The company reported a significant reduction in sales expenses by 15.26% to CNY 21.60 million, primarily due to decreased freight costs[54]. - The company’s financial expenses increased by 81.96% to ¥8.36 million, primarily due to increased interest expenses from a larger loan scale[71]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2019, representing a year-over-year growth of 15%[141]. Cash Flow and Assets - The net cash flow from operating activities increased by 9.53% to approximately ¥37.28 million in 2019, compared to ¥34.04 million in 2018[18]. - The total assets at the end of 2019 were approximately ¥713.59 million, down 8.76% from ¥782.09 million at the end of 2018[19]. - The net assets attributable to shareholders at the end of 2019 were approximately ¥493.15 million, an increase of 1.12% from ¥487.71 million at the end of 2018[19]. - Cash and cash equivalents increased by ¥13.22 million in 2019, reversing a decrease of ¥34.07 million in 2018[76]. - The company’s total assets included cash and cash equivalents of ¥72.26 million, accounting for 10.13% of total assets at year-end 2019, down from 16.04% at the beginning of the year[79]. Market and Industry Position - The company is a leading player in the automotive valve industry, with a focus on high-efficiency and high-technology diesel engine valves and new energy multi-medium fuel engine valves[28]. - The automotive industry in China saw a decline in production and sales in 2019, with a 7.5% drop in production and an 8.2% drop in sales compared to the previous year[30]. - The company achieved a revenue ratio of 77.81% from the diesel engine market in 2019, up from 74.24% in 2018[47]. - The company has established a wholly-owned subsidiary in the U.S. to sell its products under its own brand, enhancing its market presence[28]. - The company aims to increase its market share by forming strategic alliances with major customers and suppliers, particularly in light of the implementation of the National VI emission standards[31]. Research and Development - Research and development expenses increased by 13.36% to CNY 16.41 million, reflecting the company's commitment to innovation[55]. - The company has a total of 29 authorized effective patents, including 13 invention patents and 1 international patent[36]. - The company has established a technology innovation system that integrates market orientation and industry-university-research collaboration[35]. - The company has developed advanced automated manufacturing equipment, including fully automated production lines for valve machining[38]. Strategic Plans and Future Outlook - The company plans to continue focusing on high-efficiency and high-power diesel engine valves, anticipating growth in the commercial vehicle market[51]. - The company aims for a sales revenue target of a decrease of 20% to 5% in 2020, with a net profit forecast of between -10 million to 2 million yuan[97]. - The company plans to invest in new products and production lines in 2020, specifically targeting the National VI standards and natural gas valve production lines[108]. - The company is actively seeking profitable assets and new profit growth points to enhance its sustainable development capabilities[96]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for 2019[6]. - The company did not sell any significant assets or equity during the reporting period[88][89]. - The company reported a net profit for 2019, but did not propose a cash dividend distribution plan for ordinary shares[108]. - The company’s major shareholder, Yike Zhengrun Investment Group, acquired 6,239,416 shares, representing 6.78% of the total shares, and will hold 21.63% of the total shares post-acquisition[113]. Environmental and Social Responsibility - The company has achieved ISO/TS16949 and ISO14001 certifications, demonstrating its commitment to quality and environmental management[190]. - The company operates three wastewater treatment systems, including two comprehensive systems and one electroplating wastewater treatment system, with a total treatment capacity of 768 tons per day[195]. - The company has implemented a clean production plan, resulting in significant energy savings, reduced consumption, pollution reduction, and increased efficiency[197]. - The company conducts annual evaluations of occupational hazards and has implemented safety management systems to ensure employee health and safety[190].