证券代码：002725 证券简称：跃岭股份 浙江跃岭股份有限公司 2021 年度业绩说明会投资者关系活动记录表 编号：2022-001 | --- | --- | --- | --- | |----------------|------------------------------|------------------------------------------------------|--------------------------| | | □特定对象调研 | □分析师会议 | | | | □媒体采访 √业绩说明会 | | | | 投资者关系活动 | □新闻发布会 □路演活动 | | | | 类别 | □现场参观 | | | | | □其他 | （请文字说明其他活动内容） | | | 参与单位名称及 | 2021 | 年度业绩说明会采用网络远程方式进行，面向全体投 | | | 人员姓名 | 资者 | | | | 时间 2021 | 年 5 月 17 日 | 15:00-17:00 | | | | 深圳证券交易所"互动易平台" | | http://irm.cninfo.com.cn | | 地点 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥180,663,224.64, a decrease of 26.17% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥5,831,041.26, representing a decline of 238.42% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,273,242.26, an increase of 142.60% compared to the same period last year[3] - The basic earnings per share for Q3 2022 was -¥0.0228, a decrease of 225.71% year-on-year[3] - The weighted average return on equity was -0.55%, a decrease of 0.38% compared to the previous year[3] - Total operating revenue for the third quarter was CNY 597.81 million, a decrease of 9.6% compared to CNY 661.47 million in the same period last year[18] - Total operating costs amounted to CNY 576.73 million, down from CNY 660.34 million, reflecting a reduction of 12.6%[18] - Net profit for the period reached CNY 15.82 million, a significant increase from CNY 1.01 million in the previous year, representing a growth of 1,564.5%[19] - Basic and diluted earnings per share were both CNY 0.0618, compared to CNY 0.0040 in the same quarter last year[21] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥1,359,055,795.20, a slight decrease of 0.10% from the end of the previous year[4] - Total assets as of the end of the reporting period were CNY 1,359.06 million, slightly down from CNY 1,360.42 million[17] - Total liabilities decreased to CNY 309.18 million from CNY 320.10 million, a reduction of 3.0%[17] - The company’s total equity increased to CNY 1,049.88 million from CNY 1,040.32 million, reflecting a growth of 0.2%[17] Cash Flow - The cash flow from operating activities for the year-to-date was ¥28,096,525.94, an increase of 200.46% compared to the same period last year[8] - The net cash flow from operating activities for the current period is ¥28,096,525.94, a significant improvement from -¥27,966,841.37 in the previous period[23] - Total cash inflow from operating activities is ¥724,403,474.91, slightly down from ¥740,070,200.67 in the previous period[22] - Cash outflow for purchasing goods and services decreased to ¥512,620,487.67 from ¥585,352,644.10 year-over-year[22] - The net cash flow from investing activities is -¥50,469,698.88, worsening from -¥43,214,978.95 in the previous period[23] - Cash inflow from financing activities increased to ¥210,900,000.00 from ¥168,037,929.85 in the previous period[23] - The net cash flow from financing activities improved to ¥59,506,203.26 from ¥9,313,770.62 year-over-year[23] - The ending balance of cash and cash equivalents increased to ¥140,644,280.50 from ¥61,902,710.24 in the previous period[23] - The company received tax refunds amounting to ¥60,453,969.20, compared to ¥55,302,728.17 in the previous period[22] - The company reported a total cash outflow for investment activities of ¥69,258,405.72, down from ¥236,489,447.09 in the previous period[23] - The impact of exchange rate changes on cash and cash equivalents was ¥6,698,400.63, compared to -¥1,274,950.64 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 34,182[10] - The top shareholder, Lin Xianming, holds 10.36% of shares, totaling 26,518,800 shares[10] - The company has a total of 10 major shareholders, with significant family ties among them[11] Investments and Legal Matters - Long-term equity investments increased to ¥12,422,129.17 from ¥10,022,565.98, reflecting a growth of about 24.0%[15] - Other equity instrument investments rose to ¥329,879,224.02 from ¥290,879,224.02, an increase of approximately 13.4%[15] - The company is involved in a legal agreement regarding a repayment of ¥4,518.81 million from Shanghai Feisi, with interest calculated at an annual rate of 15.40%[13] Government Support and Expenses - The company received government subsidies amounting to ¥5,151,005.32, an increase of 74.45% compared to the previous year[8] - The company reported a financial expense of CNY -21.80 million, a significant change from CNY 3.89 million in the previous year[18] - Research and development expenses were CNY 22.98 million, slightly down from CNY 23.31 million year-over-year[18] - Deferred income tax liabilities decreased to CNY 2.19 million from CNY 3.53 million, a decline of 38.1%[17] Product Development and Market Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[12]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 417,142,869.13, a slight increase of 0.09% compared to RMB 416,756,015.42 in the same period last year[23]. - Net profit attributable to shareholders increased significantly to RMB 21,655,999.14, representing a growth of 691.14% from RMB 2,737,319.96 year-on-year[23]. - The net cash flow from operating activities improved to RMB 17,332,688.24, a turnaround from a negative cash flow of RMB -65,633,342.01 in the previous year, marking a 126.41% increase[23]. - Basic earnings per share rose to RMB 0.0846, up 690.65% from RMB 0.0107 in the same period last year[23]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching RMB 18,072,620.38, which is a 1,570.86% increase from RMB 1,081,637.92 in the previous year[23]. - The weighted average return on equity improved to 2.06%, up from 0.27% in the same period last year[23]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,352,943,674.46, a decrease of 0.55% from RMB 1,360,416,305.44 at the end of the previous year[23]. - The company's net assets attributable to shareholders increased by 1.47% to RMB 1,055,571,061.10 from RMB 1,040,315,061.96 at the end of the previous year[23]. - Total liabilities decreased to RMB 297,372,613.36 from RMB 320,101,243.48, a reduction of approximately 7.1%[121]. - The company's inventory decreased to RMB 201,986,639, which is 14.93% of total assets, down from 16.38% the previous year[43]. Investment and Financing - The total investment during the reporting period was ¥20,391,338, a decrease of 50.57% compared to the previous year[47]. - The company reported an investment loss of ¥1,533,159, which accounted for -6.76% of total profit[41]. - The company plans to continue expanding its market presence and exploring new investment opportunities in the upcoming periods[51]. - The company utilized idle self-owned funds for securities investment and derivative trading, enhancing financial stability and efficiency while mitigating risks from currency and interest rate fluctuations[55]. Research and Development - Research and development expenses increased by 14.73% to ¥15,376,207.46, reflecting the company's commitment to innovation[37]. - The company holds 22 invention patents and 301 utility model patents, showcasing its strong technological capabilities[33]. Market and Sales - The company exports products to over 80 countries, with foreign sales accounting for 81.69% of total revenue, up from 80.64%[38]. - The company's foreign sales amounted to ¥340,766,677, reflecting a year-on-year growth of 14.98%[39]. - The company's revenue for the transportation equipment sector reached ¥416,267,722, representing a year-on-year increase of 0.14%[39]. Environmental and Social Responsibility - The company has invested in specialized equipment to ensure compliance with environmental regulations regarding wastewater, waste gas, and solid waste emissions[70]. - The company has established emergency response plans for environmental incidents and conducts regular drills to ensure preparedness[73]. - The company emphasizes product quality and customer service while actively fulfilling social responsibilities and creating value for stakeholders[77]. Shareholder Information - The total number of restricted shares decreased from 60,605,353 to 55,124,353, a reduction of 5,481,000 shares, representing a decrease of approximately 9.05%[105]. - The largest shareholder, Lin Xianming, holds 10.36% of the total shares, with a total of 26,518,800 shares[107]. - The total number of shareholders at the end of the reporting period was 37,532[107]. Risk Management - The company has outlined potential risks and countermeasures in its report, urging investors to maintain awareness of investment risks[5]. - The company faces trade barrier risks, including anti-dumping and countervailing investigations from the EU, India, and Argentina, which have negatively impacted its aluminum wheel exports[61]. - The ongoing COVID-19 pandemic continues to create uncertainties for global economic activities, adversely affecting the company's export-driven business[61]. Accounting and Financial Reporting - The semi-annual financial report has not been audited[117]. - The company prepares financial statements based on the going concern assumption and adheres to the relevant accounting standards issued by the Ministry of Finance[155]. - The financial statements accurately reflect the company's financial position, operating results, and cash flows in accordance with accounting standards[158].

Financial Performance - The company's revenue for Q1 2022 was ¥217,278,518.52, representing a 9.81% increase compared to ¥197,870,620.07 in the same period last year[3] - Net profit attributable to shareholders reached ¥10,104,117.82, a significant increase of 311.97% from ¥2,452,614.08 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥8,596,097.83, up 847.88% from ¥906,878.49 in the previous year[3] - The basic earnings per share rose to ¥0.0395, reflecting a 311.46% increase compared to ¥0.0096 in the same period last year[3] - The company reported a significant increase in operating profit, which reached ¥10,895,432.23, up 386.00% from ¥2,243,194.99 year-on-year[8] - Net profit for the quarter reached CNY 10,104,117.82, compared to CNY 2,452,614.08 in the same period last year, indicating significant growth[19] - The total comprehensive income attributable to the parent company for Q1 2022 was ¥10,104,117.82, compared to ¥2,500,829.51 in Q1 2021, reflecting strong growth[20] Assets and Liabilities - The company's total assets at the end of Q1 2022 were ¥1,365,682,044.12, a slight increase of 0.39% from ¥1,360,416,305.44 at the end of the previous year[3] - Current assets totaled CNY 520,441,483.69, an increase from CNY 505,128,164.51 at the start of the year[14] - Cash and cash equivalents increased to CNY 119,876,392.24 from CNY 113,685,503.45[14] - Accounts receivable rose to CNY 160,054,267.00, compared to CNY 153,875,744.10 at the beginning of the year[14] - The company reported a decrease in inventory to CNY 217,543,631.10 from CNY 222,857,167.27[14] - Total liabilities decreased to CNY 315,262,864.34 from CNY 320,101,243.48[16] - The company's equity attributable to shareholders increased to CNY 1,050,419,179.78 from CNY 1,040,315,061.96[16] Cash Flow - The net cash flow from operating activities was negative at -¥2,715,082.32, a decline of 158.44% compared to a positive cash flow of ¥4,646,054.01 in the same period last year[3] - Cash inflow from operating activities totaled ¥254,960,026.73, while cash outflow was ¥257,675,109.05, resulting in a net cash flow from operating activities of -¥2,715,082.32[22] - The company reported cash and cash equivalents at the end of Q1 2022 amounting to ¥102,429,719.23, an increase from ¥96,812,849.55 at the beginning of the period[24] - Cash inflow from financing activities was ¥40,900,000.00, while cash outflow was ¥29,075,004.20, leading to a net cash flow from financing activities of ¥11,824,995.80[24] - Investment activities resulted in a net cash outflow of -¥3,041,620.12, compared to -¥41,059,436.34 in the same period last year, indicating improved cash management[24] - The company’s cash flow from operating activities decreased by 1.1% compared to the previous year, highlighting challenges in maintaining cash flow stability[22] Expenses and Costs - Research and development expenses increased by 31.00% to ¥7,651,215.83, indicating a focus on innovation and product development[8] - Total operating costs amounted to CNY 207,316,699.27, up from CNY 194,800,003.64 year-on-year[19] - The company experienced a 456.00% increase in financial expenses, totaling ¥1,918,154.72, primarily due to increased exchange losses[8] Shareholder Information - Basic and diluted earnings per share for Q1 2022 were both ¥0.0395, up from ¥0.0096 in the same period last year, indicating improved profitability[20] - The net profit attributable to the parent company for Q1 2022 was ¥10,104,117.82, compared to ¥2,452,614.08 in Q1 2021, representing a significant increase[20] Other Information - The company did not report any significant new product launches or technological advancements during this quarter[20]

Financial Performance - The company's operating revenue for 2021 was approximately ¥944 million, representing a 30.71% increase compared to ¥722 million in 2020[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥107,415.55, a significant improvement of 99.43% from a loss of ¥18.95 million in 2020[18]. - The basic earnings per share for 2021 was ¥0.0276, a 192% increase from a loss of ¥0.03 per share in 2020[18]. - The total assets at the end of 2021 were approximately ¥1.36 billion, a slight increase of 0.81% from ¥1.35 billion at the end of 2020[18]. - The net assets attributable to shareholders increased by 2.43% to approximately ¥1.04 billion at the end of 2021, compared to ¥1.02 billion at the end of 2020[18]. - The company reported a negative net cash flow from operating activities of approximately ¥5.1 million, a decline of 102.98% from a positive cash flow of ¥171 million in 2020[18]. - The weighted average return on equity for 2021 was 0.69%, an increase of 1.37% compared to -0.68% in 2020[18]. - The company reported a total of ¥7,167,580.68 in non-recurring gains and losses for 2021, compared to ¥12,516,714.59 in 2020[25]. - The net profit attributable to shareholders for Q4 2021 was ¥2,599,807.56, while the net profit excluding non-recurring gains and losses was ¥1,799,780.12[23]. Production and Sales - The total production of aluminum alloy wheels in 2021 reached 3,267,191 units, representing a year-on-year increase of 30.46%[32]. - The sales volume of aluminum alloy wheels in the aftermarket (AM market) for 2021 was 3,099,894 units, up 29.45% from the previous year[33]. - The domestic sales of aluminum alloy wheels decreased by 9.10% in 2021, while overseas sales increased by 41.67%[33]. - The export volume of aluminum wheels in 2021 was 9,607.3 million units, with an export value of $4.732 billion[30]. - The company's sales revenue for 2021 reached ¥782,388,882.58 for exports, a 13.32% increase compared to ¥678,204,385.22 in 2020[44]. - Domestic sales revenue was ¥158,370,219.92, showing a slight increase of 1.28% from ¥156,340,428.89 in the previous year[44]. Research and Development - The company holds 21 invention patents, 283 utility model patents, and 217 design patents, indicating strong technological capabilities[35]. - Research and development expenses increased by 52.61% to ¥34,460,534.16, up from ¥22,581,500.67 in 2020, primarily due to increased R&D investments[51]. - The company is actively pursuing new technology projects, including the development of lightweight aluminum alloy wheels, to enhance its competitive edge[38]. - The company aims to develop 30 new products annually, expanding its market presence in both high-end and mid-range vehicle segments[53]. Investment and Cash Flow - Operating cash inflow increased by 47.84% to ¥1,054,660,733.12, while operating cash outflow surged by 95.47% to ¥1,059,767,059.66[62]. - Investment cash inflow grew by 125.67% to ¥208,032,325.34, while investment cash outflow increased by 20.51% to ¥226,667,855.07[63]. - The net cash flow from investment activities improved by 80.57% to -¥18,635,529.73, primarily due to the recovery of receivables[64]. - The net increase in cash and cash equivalents dropped by 148.10% to -¥28,232,861.03, attributed to reduced bank acceptance bill settlements and increased inventory[64]. Corporate Governance - The company has established a sound corporate governance structure, complying with relevant laws and regulations, and ensuring effective internal control systems[96]. - The board of directors consists of 9 members, including 3 independent directors, and operates under various specialized committees to enhance governance[97]. - The company emphasizes fair treatment of all shareholders, ensuring that minority shareholders can fully exercise their rights during general meetings[96]. - The company has implemented a performance evaluation and incentive mechanism linked to employee compensation, aligning personal and corporate interests[97]. Environmental Responsibility - The company reported emissions of 2.18 tons of particulate matter, 3.1 tons of non-methane total hydrocarbons, and 1.08 tons of nitrogen oxides, all within legal limits[140]. - The company has invested in pollution control facilities, including RTO equipment for waste gas treatment and A/O treatment processes for wastewater[141]. - Environmental monitoring results for 2021 showed that all discharge indicators met national requirements[142]. - The company emphasizes corporate social responsibility, ensuring timely and accurate information disclosure to stakeholders[144]. Future Outlook and Strategy - The company plans to strengthen its presence in the international aftermarket modification market while also expanding its domestic aftermarket market, particularly in the cab wheel sector[89]. - The company intends to deepen energy-saving and cost-reduction management, enhancing profit margins through internal efficiency improvements[90]. - The company will actively seek investment and acquisition opportunities in the fields of new energy and new materials to enrich its product offerings and enhance overall competitiveness[90]. - The company aims to leverage its existing aluminum alloy wheel manufacturing foundation to expand production scale and adjust product structure, aiming to become a leading international manufacturer in the industry[88].

浙江跃岭股份有限公司 2021 年第三季度报告 (一)主要会计数据和财务指标 证券代码：002725 证券简称：跃岭股份 公告编号：2021-035 浙江跃岭股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增减 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | | | 同期增减 | | 营业收入（元） | 244,716,211.48 | 26.49% | 661,472,226.90 | 39.40% | | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥416,756,015.42, representing a 48.29% increase compared to ¥281,036,270.45 in the same period last year[21]. - The net profit attributable to shareholders decreased by 58.48% to ¥2,737,319.96 from ¥6,593,135.48 year-on-year[21]. - The net profit after deducting non-recurring gains and losses fell by 76.47% to ¥1,081,637.92 compared to ¥4,596,561.35 in the previous year[21]. - The net cash flow from operating activities was negative at -¥65,633,342.01, a significant decline of 805.19% from -¥7,250,800.81 in the same period last year[21]. - Basic and diluted earnings per share both decreased by 66.67% to ¥0.01 from ¥0.03 year-on-year[21]. - The total assets at the end of the reporting period were ¥1,344,208,567.92, a slight decrease of 0.39% from ¥1,349,442,635.09 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 0.39% to ¥1,019,558,249.18 from ¥1,015,601,618.82 at the end of the previous year[21]. - The company's operating revenue for the reporting period was ¥416,756,015.42, representing a 48.29% increase compared to ¥281,036,270.45 in the same period last year, primarily due to recovery from the previous year's pandemic impact[35]. - Total revenue for the reporting period reached ¥416,756,015.42, representing a year-over-year increase of 48.29% compared to ¥281,036,270.45 in the same period last year[37]. - Revenue from the transportation equipment manufacturing sector was ¥415,686,478.60, accounting for 99.74% of total revenue, with a year-over-year growth of 48.72%[37]. - The gross profit margin for the transportation equipment sector was 10.13%, down 6.24% from the previous year[37]. - The company reported a total comprehensive income of CNY 3,956,630.36 for the first half of 2021, down from CNY 6,480,314.24 in the same period of 2020[135]. Investment and R&D - The company reported non-recurring gains of ¥1,655,682.04 during the reporting period[26]. - The company's research and development investment increased by 54.66% to ¥13,402,606.30 from ¥8,665,860.59, indicating a focus on innovation and product development[35]. - The company has made a strategic investment in a medical technology firm, amounting to 1,500,000 yuan for a 15% equity stake, focusing on medical devices and healthcare solutions[50]. - The company is committed to long-term investments in high-potential sectors, including biotechnology and medical technology, to ensure sustainable growth[50]. - The company aims to leverage its investments in technology to drive growth and improve operational efficiency in the coming years[49]. Market and Sales - The company's sales are primarily focused on the international aftermarket (AM market), with products sold in over 80 countries and regions, including developed markets like Europe, the USA, and Japan[33]. - The company's foreign sales amounted to ¥336,086,620.94, which is 80.64% of total revenue, reflecting a 6.22% increase from ¥209,138,457.40 in the previous year[37]. - The ongoing COVID-19 pandemic has adversely impacted the company's export-driven business, prompting a focus on domestic market development[64]. - The company has implemented a marketing strategy to enhance quality management and expand both domestic and international markets[64]. Financial Position and Liabilities - The company's inventory increased to ¥231,097,400, representing 17.19% of total assets, up from 12.55% last year, primarily due to stockpiling for order fulfillment[43]. - Short-term borrowings rose to ¥123,350,808, which is 9.18% of total liabilities, an increase of 2.57% from the previous year[43]. - The company reported a net investment loss of ¥740,848.63, which accounted for -76.50% of total profit, indicating a significant decline in investment returns[40]. - The company's cash and cash equivalents decreased to ¥86,908,833.78, representing 6.47% of total assets, down from 10.96% last year[42]. - The company’s total liabilities decreased slightly to CNY 324,650,318.74 from CNY 333,841,016.27, showing a reduction of approximately 2.3%[125]. Risk Management - The company has outlined potential risks and countermeasures in its report, urging investors to maintain awareness of investment risks[5]. - The company has established risk management systems for securities investment and derivative trading to enhance financial stability and efficiency[60]. - The company aims to effectively control investment risks while utilizing idle funds for securities investment and derivative trading[60]. - The company has implemented strict risk control measures for derivative investments, prohibiting any speculative trading activities[54]. Environmental Compliance - The company has invested in pollution control facilities to ensure compliance with environmental regulations during production[73]. - The company has established a waste management system, including proper storage and disposal of hazardous waste[73]. - Monthly monitoring of wastewater and air emissions has been conducted, with results showing compliance with national standards[75]. - No administrative penalties were imposed on the company during the reporting period due to environmental issues[76]. Shareholder Information - The total number of shares is 256,000,000, with 76.30% being unrestricted shares and 23.70% being restricted shares[107]. - The largest shareholder, Lin Xianming, holds 12.31% of the shares, totaling 31,518,800 shares, with 5,400,000 shares pledged[111]. - The company has not implemented any share buyback or issuance of new shares during the reporting period[108]. - The company has a total of 20,402 common shareholders at the end of the reporting period[111]. Governance and Compliance - The company has established a multi-level governance structure including a board of directors and various specialized committees[165]. - The financial statements were approved for release by the board of directors on August 30, 2021[165]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[169]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[167].

Financial Performance - The company's operating revenue for Q1 2021 was ¥197,870,620.07, representing a 54.02% increase compared to ¥128,473,890.28 in the same period last year[8]. - Net profit attributable to shareholders was ¥2,452,614.08, up 16.16% from ¥2,111,486.47 year-on-year[8]. - The net profit after deducting non-recurring gains and losses decreased by 50.67% to ¥906,878.49 from ¥1,838,262.15 in the previous year[8]. - Basic earnings per share rose to ¥0.0096, a 17.07% increase from ¥0.0082 in the previous year[8]. - The company's revenue for Q1 2021 was 197,870,620.07, representing a 54.02% increase compared to 128,473,890.28 in Q1 2020, primarily due to recovery from the pandemic impact[16]. - Total operating revenue for Q1 2021 was CNY 197,870,620.07, compared to CNY 128,473,890.28 in the same period last year, representing a significant increase[42]. - The net profit for the first quarter of 2021 reached CNY 2.45 million, compared to CNY 2.11 million in the same period last year, reflecting a growth of approximately 15.9%[45]. - The total profit for the first quarter was CNY 2.18 million, up from CNY 2.06 million year-over-year[45]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥4,646,054.01, compared to a negative cash flow of ¥37,528,343.52 in the same period last year, marking a 112.38% increase[8]. - The net cash flow from operating activities for Q1 2021 was 4,646,054.01 CNY, a significant improvement from a net outflow of -37,528,343.52 CNY in Q1 2020, indicating a turnaround in operational efficiency[52]. - The net cash flow from investing activities was negative 41,059,436.34, a 170.32% increase in outflows compared to negative 15,189,088.16 in the same period last year, reflecting higher external investments[18]. - The company incurred a net cash outflow from investment activities of -11,799,261.13 CNY, an improvement from -25,922,032.05 CNY in the previous year, suggesting better management of investment expenditures[56]. - Total cash inflow from investment activities was 57,919,265.40 CNY, compared to 12,638,778.51 CNY in the previous year, reflecting increased investment recovery efforts[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,329,494,525.27, a decrease of 1.48% from ¥1,349,442,635.09 at the end of the previous year[8]. - The company's total assets as of March 31, 2021, were CNY 1,313,666,224.38, down from CNY 1,350,734,400.46 at the end of 2020[39]. - The company's current assets decreased to CNY 496,990,237.83 from CNY 533,882,164.91 at the end of 2020, reflecting a decline of approximately 6.9%[34]. - The total liabilities of the company as of March 31, 2021, were not explicitly stated but can be inferred from the balance sheet[35]. - Total liabilities decreased to CNY 292,998,323.48 from CNY 334,032,012.12, reflecting improved financial stability[40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,542[12]. - The top shareholder, Lin Xianming, holds 12.31% of the shares, with 31,518,800 shares, of which 23,639,100 are pledged[12]. - Net assets attributable to shareholders increased slightly by 0.25% to ¥1,018,102,448.33 from ¥1,015,601,618.82 at the end of the previous year[8]. - The company's equity attributable to shareholders increased to CNY 1,020,667,900.90 from CNY 1,016,702,388.34, showing a slight growth in shareholder value[40]. Research and Development - Research and development expenses rose by 68.17% to 5,827,967.35 in Q1 2021, up from 3,465,495.47 in Q1 2020, indicating increased investment in innovation[16]. - Research and development expenses for Q1 2021 were CNY 5,827,967.35, compared to CNY 3,465,495.47 in the previous year, indicating a focus on innovation[43]. Financial Management and Strategy - The company has established strict management systems for derivative investments to mitigate risks associated with foreign exchange and interest rates[31]. - The company is exploring new strategies for market expansion and potential mergers and acquisitions, but further details are not provided in the content[22]. - Future outlook includes potential market expansion and new product development, although specific figures and strategies are not detailed in the content[22]. Miscellaneous - The company reported non-recurring gains and losses totaling ¥1,065,998.77 from government subsidies, while losses from non-current asset disposals amounted to -¥25,911.15[9]. - The company reported a comprehensive income total of CNY 2.50 million for the first quarter, compared to CNY 1.91 million in the same period last year[45]. - The company reported a total of 1,297.9 million CNY in securities investments, with a net loss of 197.69 million CNY during the reporting period[22].

Financial Performance - The company's operating revenue for 2020 was ¥722,218,589, representing a 1.02% increase compared to ¥714,905,483 in 2019[20]. - The net profit attributable to shareholders for 2020 was a loss of ¥6,438,201, a decrease of 119.36% from a profit of ¥33,253,956 in 2019[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥18,954,915.62, down 162.08% from a profit of ¥30,532,015.12 in 2019[20]. - The net cash flow from operating activities increased by 131.79% to ¥171,215,602.15 in 2020, compared to ¥73,866,204.75 in 2019[20]. - Total assets at the end of 2020 were ¥1,349,442,635.09, an 18.74% increase from ¥1,136,494,250.41 at the end of 2019[20]. - The net assets attributable to shareholders at the end of 2020 were ¥1,015,601,618.82, a 5.43% increase from ¥963,276,515.22 at the end of 2019[20]. - The basic earnings per share for 2020 was -¥0.03, a decrease of 123.08% from ¥0.13 in 2019[20]. - The weighted average return on net assets was -0.68% in 2020, down from 3.47% in 2019[20]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to ¥171,215,602.15, while the net profit for the year was -¥6,438,201.03, indicating a substantial discrepancy primarily due to non-cash items such as depreciation and amortization[60]. - The net cash flow from investment activities decreased by 46.66%, mainly due to increased equity investments during the year[60]. - The net cash flow from financing activities decreased by 80.47%, primarily due to increased bank borrowings compared to the previous year[60]. - The net increase in cash and cash equivalents was ¥58,695,548.96, a significant improvement attributed to increased bank borrowings and more frequent use of bill settlements[60]. - Long-term equity investments increased significantly due to new investments in joint ventures, including Shanghai Mochen Information Technology Co., Ltd.[34]. Market and Sales Performance - The company exported 8,117.2 million aluminum wheels in 2020, with a total export value of $3.536 billion[31]. - The domestic market sales increased by 23.91% to CNY 553.18 million, while overseas sales decreased by 19.08% to CNY 1.95 billion[42]. - The sales volume of aluminum alloy wheels was 2,626,494 units, down 5.25% year-on-year[41]. - The production volume of aluminum alloy wheels was 2,504,447 units, a decrease of 12.37% from the previous year[41]. - The revenue from foreign sales was CNY 548,497,684.18, accounting for 75.95% of total revenue, while domestic sales were CNY 173,720,904.82, accounting for 24.05%[49]. Research and Development - Research and development expenses amounted to CNY 22,581,500.67, representing 3.13% of total operating revenue, a slight decrease from 3.23% in the previous year[56]. - The company has initiated 11 technology projects to enhance its core technological capabilities[40]. - The company plans to increase R&D investment to enhance product competitiveness, focusing on high-complexity and high-value-added products[87]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly aluminum ingot prices, which could impact profit margins[88]. - The company has a significant exposure to exchange rate risks due to high export sales, primarily settled in USD[88]. - Trade barriers, including anti-dumping investigations and tariffs, have negatively affected the company's export business, particularly to the U.S.[89]. - The ongoing COVID-19 pandemic has posed challenges to the company's export-driven model, prompting a focus on domestic market development[89]. Corporate Governance and Compliance - The company has committed to avoiding new related party transactions and ensuring compliance with market principles in any necessary transactions[96]. - The company guarantees to compensate investors for losses incurred due to false statements in the prospectus, limited to the actual direct losses suffered by investors[98]. - The company has established a strict derivative investment management system to mitigate risks associated with foreign exchange derivatives trading, ensuring compliance and risk control measures are in place[79]. - The company has maintained a consistent management team, with key figures in leadership roles since its inception[150]. Environmental and Social Responsibility - The company actively fulfilled its corporate social responsibilities, enhancing transparency and communication with investors[126]. - The company has implemented environmental protection measures, ensuring compliance with relevant laws and regulations[131]. - The company has established emergency response plans for environmental incidents and conducts regular monitoring of emissions[133]. - The company has invested in specialized equipment to ensure that waste emissions meet legal standards[131]. Employee and Management Structure - The total number of employees in the company is 1,321, with 1,314 in the parent company and 7 in major subsidiaries[175]. - The professional composition includes 1,092 production personnel, 31 sales personnel, 132 technical personnel, 14 financial personnel, and 40 administrative personnel[175]. - The company emphasizes training, conducting at least 20 training sessions annually for all employees to enhance their skills[178]. - The board of directors consists of 9 members, including 3 independent directors, and operates under various specialized committees[182]. Future Plans and Strategies - The company plans to expand its production scale and adjust its product structure to strengthen its technical, brand, talent, and customer advantages, aiming to become a leading international manufacturer of aluminum alloy wheels[86]. - The company aims to explore both domestic and international markets, particularly targeting the aftermarket and OEM markets to increase market share[86]. - The company plans to utilize the capital market for investments and acquisitions in new energy and new materials sectors to enhance competitiveness[87].

Financial Performance - Operating revenue for the reporting period was ¥193,462,548.73, reflecting a year-on-year increase of 13.13%[8] - Net profit attributable to shareholders decreased by 52.12% to ¥3,114,041.25 for the reporting period[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥588,354.13, down 93.76% year-on-year[8] - The company reported a decrease in net profit for the year-to-date period by 74.52% to ¥9,707,176.73[8] - Total profit decreased by 77.98% to ¥9,477,744.99 from ¥43,033,119.22, driven by lower export sales and increased exchange losses[16] - The total comprehensive income for the period was ¥3,023,102.92, down from ¥6,495,456.22, reflecting a decrease of approximately 53.5%[44] - Net profit for the period was ¥9,707,176.73, down 74.5% from ¥38,098,309.52 in the same period last year[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,284,946,914.22, an increase of 13.06% compared to the previous year[8] - Current assets totaled CNY 450,788,872.10, up from CNY 394,629,523.43 at the end of 2019, indicating a growth of about 14.23%[33] - Total liabilities increased to CNY 327,526,981.84 from CNY 173,217,735.19, reflecting a growth of approximately 89.59%[35] - The company's equity attributable to shareholders decreased slightly to CNY 957,419,932.38 from CNY 963,276,515.22, a decline of about 0.61%[36] - Total liabilities increased to ¥327,083,003.32 from ¥173,802,441.79, reflecting a significant rise of approximately 88.0%[42] Cash Flow - The net cash flow from operating activities was ¥64,412,270.00, an increase of 185.04% compared to the same period last year[8] - Net cash flow from operating activities decreased by 31.74% to ¥57,161,469.19 from ¥83,737,632.07, attributed to reduced sales revenue and prepayments for materials[17] - Cash inflow from financing activities was CNY 242,096,750.00, significantly higher than CNY 43,850,000.00 in Q3 2019[60] - Net cash flow from financing activities improved to CNY 73,279,453.37, compared to a negative CNY 45,090,972.22 in the previous year[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,300[12] - The top shareholder, Lin Xianming, holds 12.31% of the shares, amounting to 31,518,800 shares[12] Investment Activities - Long-term equity investments increased by 100% to ¥52,231,456.47, reflecting an increase in external equity investments during the period[16] - The company reported a net cash outflow from investing activities of ¥122,593,592.71, an increase of 49.51% compared to the previous year, mainly due to increased external equity investments[17] - The company reported a loss of 69.25 million CNY from derivative investments during the reporting period[23] Research and Development - Research and development expenses were reported at ¥5,960,014.84, compared to ¥5,298,598.56, marking an increase of approximately 12.5%[42] - Research and development expenses were ¥14,625,875.43, down from ¥16,776,232.99, indicating a decrease of 12.8%[49] Derivative Investments - The company has established a strict derivative investment management system to control trading risks and ensure compliance with internal procedures[23] - The company aims to use foreign exchange derivative transactions to lock in costs and mitigate risks associated with exchange rates and interest rates[23] - The company has received board approval to conduct foreign exchange derivative trading within the approved limits[24] Changes in Accounting Policies - The company implemented new revenue and lease standards starting in 2020, with no retrospective adjustments to prior data[71]