证券代码：002863 证券简称：今飞凯达 债券代码：128056 债券简称：今飞转债 浙江今飞凯达轮毂股份有限公司投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |----------------|----------------------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | 特定对象调研 | □ 分析师会议 | | 类别 | □ 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 | 杭州金投 陈文俊、张杰 | | | 人员姓名 | 中科院长三角资本 钱投金融 王居烨 | 徐新炎、蒋依蔚 | | | 伟晟投资管理股份有限公司 巨子私募 沈若潼 | 毛宏斌 | | | 同花顺 黄楚炀 | | | 时间 | 2022 年 7 月 22 日 14 ： 00--15 | ： 00 | | 地点 | 公司会议 ...

证券代码：002863 证券简称：今飞凯达 债券代码：128056 债券简称：今飞转债 浙江今飞凯达轮毂股份有限公司投资者关系活动记录表 编号：2022-002 | --- | --- | --- | |----------------|-----------------------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | 特定对象调研 | □ 分析师会议 | | 类别 | □ 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 | 同花顺 林鸿杰、陈利峰、杨萌 | | | 人员姓名 | | | | 时间 | 2022 年 7 月 6 日 14 ： 00--15 ： | 00 | | 地点 | 公司会议室 | | | 上市公司接待人 | | 总经理张建权；副总经理兼董事会秘书葛茜芸；财务总监朱妍； | | 员姓名 | 副总经理李贞明等 | | | ...

浙江今飞凯达轮毂股份有限公司 2022 年第三季度报告 证券代码：002863 证券简称：今飞凯达 公告编号：2022-083 债券代码：128056 债券简称：今飞转债 浙江今飞凯达轮毂股份有限公司 2022 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 单位：元 | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | --- | | 非流动资产处置损益（包括 | | | | | 已计提资产减值准备的冲销 | -2,969,717.85 | 6,377,776.62 | | | 部分） | | | | | 越权审批或无正式批准文件 | 0.00 | 50,873.18 | | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,913,122,193.34, representing a 10.12% increase compared to ¥1,737,264,528.23 in the same period last year[20]. - The net profit attributable to shareholders was ¥43,543,167.59, up 20.02% from ¥36,281,183.63 in the previous year[20]. - The net cash flow from operating activities increased by 110.77%, reaching ¥444,909,021.15 compared to ¥211,086,104.29 in the prior year[20]. - Basic earnings per share rose by 28.57% to ¥0.09, compared to ¥0.07 in the same period last year[20]. - Total assets at the end of the reporting period were ¥6,158,788,207.38, a 7.73% increase from ¥5,717,008,425.89 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 1.06% to ¥1,960,412,248.80 from ¥1,939,876,402.37 at the end of the last year[20]. - The weighted average return on net assets was 2.26%, up from 1.96% in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥19,436,322.71, a slight increase of 1.89% from ¥19,075,822.83[20]. - The company achieved operating revenue of CNY 1,913,122,193.34, an increase of CNY 17,585,770.00, representing a growth of 10.12% year-on-year[51]. - Net profit reached CNY 44,203,700.00, up CNY 705,540.00, with a growth rate of 18.99% year-on-year[51]. Market and Sales - The domestic passenger car sales in the first half of 2022 reached 12.057 million units, a year-on-year decrease of 6.7%[28]. - The market share of new energy vehicles expanded to 21.6% with sales of 2.6 million units in the first half of 2022, reflecting a significant growth trend[28]. - The OEM market for self-owned brands saw sales of 4.891 million vehicles in the first half of 2022, accounting for 47.2% of the market, a year-on-year increase of 5.3%[45]. - The revenue from the aluminum alloy wheel industry accounted for 71.65% of total revenue, amounting to CNY 1,370,710,653.65, with a year-on-year growth of 9.53%[53]. - Domestic revenue increased by 21.61% to CNY 1,251,028,086.52, while international revenue decreased by 6.56% to CNY 662,094,106.82[53]. Research and Development - R&D investment increased by 29.49% year-on-year, amounting to CNY 82,334,695.68, reflecting the company's commitment to innovation[51]. - The company is focusing on the development of low-carbon, high-strength aluminum alloy materials for integrated die-casting, aligning with the dual carbon strategy[34]. - The company is actively negotiating joint research and development of low-carbon non-heat-treated aluminum alloys with various new energy and traditional vehicle manufacturers[34]. - The company has applied for 35 patents during the reporting period, indicating a strong focus on technological innovation[49]. - The company has allocated 35 million yuan for research and development in new technologies and products[188]. Production and Operations - The company’s production model remains unchanged, operating on a "sales-driven production" basis to meet customer specifications[33]. - The company has invested in the construction of fully automated production lines for aluminum extrusion profiles with capacities of 1,000 tons, 1,800 tons, and 3,150 tons to support the development of low-carbon lightweight aluminum profiles for various industries, particularly in the automotive sector[35]. - The company has established factories in Yunnan and Ningxia, leveraging abundant low-carbon hydropower aluminum resources, significantly reducing aluminum procurement costs and carbon emissions, enhancing product competitiveness[36]. - The company has achieved economies of scale in production, allowing it to meet diverse customer demands while controlling procurement costs and enhancing product competitiveness[42]. Financial Management - The net cash flow from financing activities was CNY 130,812,701.13, a significant improvement from a net outflow of CNY 201,216,045.02 in the previous year, marking a 65.62% change[52]. - The net increase in cash and cash equivalents was CNY 107,017,938.92, a 148.09% increase compared to a net decrease of CNY 222,547,668.53 in the previous year[52]. - The company has implemented a comprehensive quality assurance system, achieving certifications such as ISO9001:2015 and IATF16949, ensuring high product quality and stability[40]. - The company is enhancing financial management and optimizing its capital structure to improve its debt repayment capacity[88]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100%, demonstrating strong financial discipline[160]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and strategies[4]. - The company faces risks from the global economic downturn due to the COVID-19 pandemic, which may impact production, transportation, and labor[83]. - The company is also exposed to industry volatility risks, particularly related to the automotive and motorcycle sectors, which could affect profit margins and overall performance[83]. - The company faces policy risks due to increasing automobile ownership and potential restrictions in first and second-tier cities, which could negatively impact production and sales[84]. - The company relies heavily on aluminum ingots, which constitute a significant portion of its main business costs, making it vulnerable to price fluctuations[86]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with various pollutants monitored, including chemical oxygen demand (COD) at 23.73 mg/L and ammonia nitrogen at 0.3128 mg/L, both within regulatory limits[98]. - The company has installed online monitoring systems for waste gas and wastewater, ensuring real-time data reporting to environmental authorities[99]. - The company has invested 1.76697 million yuan in the operation of environmental protection facilities during the reporting period[100]. - The company has developed emergency response plans for environmental incidents and conducted drills for hazardous waste and wastewater leaks[100]. - The company continues to focus on environmental compliance and has achieved necessary environmental impact assessments for its operations[100]. Corporate Governance - The company actively fulfills corporate social responsibility, ensuring the protection of shareholder rights, especially for minority shareholders, while creating value for them[102]. - The company has implemented measures to protect employee rights, including social insurance contributions and various welfare improvements[102]. - The company has maintained a robust investor relations management system, ensuring transparent communication with investors[102]. - The company has established a comprehensive performance evaluation system to support employee development and retention[102]. - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period[107]. Shareholder Information - The total number of employees participating in the employee stock ownership plan is 115, holding a total of 9,703,800 shares, which accounts for 1.95% of the company's total share capital[95]. - The company repurchased a total of 9,703,800 shares, accounting for 1.95% of the total share capital, with a total transaction amount of 55 million RMB (including transaction fees) during the reporting period[136]. - The largest shareholder, Jinfei Holdings Group Co., Ltd., holds 28.85% of the shares, totaling 143,922,000 shares, with 10,900,000 shares pledged[139]. - The company has not disclosed any changes in shareholding or shareholder situation in the report[133]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[140].

Financial Performance - The company's revenue for Q1 2022 was ¥874,091,963.33, representing a 5.46% increase compared to ¥828,803,683.89 in the same period last year[4] - Net profit attributable to shareholders was ¥17,775,377.49, up 5.58% from ¥16,835,870.55 year-on-year[4] - The net profit after deducting non-recurring gains and losses increased by 19.57% to ¥13,184,826.26 from ¥11,027,189.16 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 874,091,963.33, an increase of 5.5% compared to CNY 828,803,683.89 in Q1 2021[19] - Net profit for Q1 2022 was CNY 18,162,347.07, compared to CNY 17,142,125.98 in Q1 2021, representing a growth of 5.9%[19] - The net profit attributable to shareholders of the parent company was CNY 17,775,377.49, an increase from CNY 16,835,870.55 in the same period last year, marking a rise of 5.6%[20] - Basic earnings per share for Q1 2022 were CNY 0.04, compared to CNY 0.03 in Q1 2021, representing a growth of 33.3%[20] Assets and Liabilities - The company's total assets rose to ¥6,219,635,067.49, an increase of 8.79% from ¥5,717,008,425.89 at the end of the previous year[4] - The total liabilities as of Q1 2022 were CNY 4,252,154,473.85, compared to CNY 3,770,287,878.07 in Q1 2021, reflecting a rise of 12.7%[19] - The company’s total liabilities increased to ¥3,200,000,000, reflecting a rise of approximately 10% compared to the previous period[15] - The total equity attributable to shareholders of the parent company was CNY 1,960,249,478.61, up from CNY 1,939,876,402.37 in Q1 2021, showing an increase of 1.0%[19] Cash Flow - Cash flow from operating activities was ¥10,314,330.74, a slight increase of 2.56% from ¥10,056,856.72 in the previous year[4] - Cash inflow from operating activities totaled ¥1,065,761,765.52, an increase of 25.8% from ¥853,991,315.48 in the previous period[22] - Cash outflow from operating activities was ¥1,055,447,434.78, up from ¥843,934,458.76, resulting in a net cash flow from operating activities of ¥10,314,330.74, slightly up from ¥10,056,856.72[22] - The net increase in cash and cash equivalents was ¥22,766,334.27, compared to a decrease of ¥84,889,367.57 in the previous period[23] - The ending balance of cash and cash equivalents was ¥160,611,300.67, down from ¥203,462,312.92[23] Research and Development - Research and development expenses increased by 96.15% compared to the same period last year, indicating a significant rise in investment in innovation[8] - Research and development expenses for Q1 2022 amounted to CNY 44,413,132.91, significantly higher than CNY 22,642,550.12 in Q1 2021, indicating an increase of 96.3%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,190[11] - The top shareholder, Jinfei Holdings Group, holds 28.85% of the shares, amounting to 143,922,000 shares[11] - The company repurchased 6,708,000 shares, representing 1.34% of the total shares outstanding during the reporting period[12] Inventory and Receivables - Inventory increased significantly to ¥1,349,997,145.95 from ¥1,099,287,848.93, reflecting a rise of approximately 22.8%[14] - The company’s accounts receivable increased to ¥533,044,187.94 from ¥512,859,518.50, which is an increase of approximately 3.1%[14] - The company experienced a 74.05% decrease in receivables financing, primarily due to a reduction in bill financing during the period[8] Other Financial Metrics - The weighted average return on equity was 0.91%, slightly up from 0.90% year-on-year[4] - The company reported a 195.06% increase in contract liabilities, attributed to an increase in after-sales market transactions[8] - The net profit margin after tax for non-recurring gains and losses was ¥4,590,551.23, reflecting the impact of various non-operating income and expenses[6] - Other comprehensive income after tax for Q1 2022 was CNY 2,596,808.42, a recovery from a loss of CNY 5,288,505.03 in Q1 2021[20] Audit Status - The first quarter report was not audited, which may affect the reliability of the financial data presented[24]

Financial Performance - The company's operating revenue for 2021 was ¥3,955,378,210.82, representing a 26.99% increase compared to ¥3,114,711,847.51 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥135,193,022.96, a significant increase of 108.82% from ¥64,742,875.96 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥32,327,081.21, which is a 10.50% increase from ¥29,256,582.21 in 2020[20]. - The basic earnings per share for 2021 was ¥0.27, up 58.82% from ¥0.17 in 2020[20]. - The total assets at the end of 2021 were ¥5,717,008,425.89, reflecting a 6.70% increase from ¥5,358,047,633.25 at the end of 2020[20]. - The company reported a net cash flow from operating activities of ¥249,405,708.21, which is a 6.39% increase compared to ¥234,428,023.33 in 2020[20]. - The weighted average return on equity for 2021 was 7.04%, an increase of 1.48% from 5.56% in 2020[20]. - The total operating revenue for 2021 reached ¥3,955,378,210.82, representing a year-on-year increase of 26.99% compared to ¥3,114,711,847.51 in 2020[47]. - The aluminum alloy wheel industry contributed ¥2,808,779,637.91, accounting for 71.01% of total revenue, with a year-on-year growth of 33.79%[47]. - The company sold 15,900,145 units of aluminum alloy wheels in 2021, an increase of 7.29% from 14,819,520 units in 2020[51]. Market and Industry Trends - The automotive industry in China saw a total sales volume of 21.48 million passenger vehicles in 2021, with a growth rate of 6.5%[30]. - The market share of new energy vehicles reached 13.4% in 2021, with sales exceeding 3.5 million units[30]. - The domestic passenger car sales reached 21.48 million units in 2021, with a growth rate of 6.5%, indicating a stable market demand for automotive components[32]. - The OEM market for passenger vehicles in China saw a total sales volume of 21.48 million units in 2021, with a growth rate of 6.5%, indicating a robust market environment for the company's products[43]. Product Development and Innovation - The company is focusing on lightweight aluminum alloy materials to meet the increasing demand for energy-saving and emission-reduction in the automotive industry[31]. - The company has developed lightweight aluminum alloy wheels that reduce weight by 5-10% compared to traditional products, aligning with the industry's shift towards lightweight materials[39]. - The company is actively pursuing the development of lightweight aluminum extrusions for various applications, including motorcycle and electric vehicle frames, in line with the dual carbon strategy[35]. - The company is focusing on the development of advanced casting and forming technologies to enhance product performance and reduce costs in the automotive parts sector[39]. - The company is actively developing new products, including aluminum alloy wheels, which can reduce weight by 5-10% compared to traditional products, supporting the shift towards lightweight materials in the automotive industry[44]. Research and Development - The company has a total of 337 patents, including 23 invention patents, 121 utility model patents, and 193 design patents, showcasing its strong R&D capabilities[38]. - Research and development expenses surged by 75.62% to ¥152,834,145.81, aimed at enhancing product competitiveness amid intense market competition[55]. - Research and development (R&D) investment increased by 75.62% in 2021, totaling approximately ¥152.83 million, representing 3.86% of operating revenue[58]. - Investment in R&D for new technologies increased by 25%, totaling 150 million RMB in 2021[139]. Corporate Governance and Management - The board of directors consists of 8 members, including 3 independent directors, ensuring a balanced governance framework[114]. - The company maintains complete operational independence from its controlling shareholder, with no overlapping personnel or financial dependencies[117]. - The company has established a robust financial management system, ensuring independent financial decision-making and compliance with accounting standards[118]. - The company has implemented performance evaluation and incentive mechanisms linking executive compensation to company performance[115]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.5924 million[141]. Environmental Responsibility - The company has been recognized as a national "green factory" and has implemented measures to enhance environmental protection, including the installation of four new activated carbon adsorption devices[181]. - The company has installed online monitoring systems for wastewater and exhaust emissions, ensuring real-time data reporting to environmental authorities[179]. - The company invested CNY 3.4284 million in the operation of environmental protection facilities during the reporting period[179]. - The company reported a total solid waste disposal of 691.923 tons in 2021, with hazardous waste treatment costs amounting to CNY 1.1986861 million[179]. Strategic Outlook - The company aims for a revenue decrease of 10% to an increase of 30% in 2022, with net profit expected to decline by 40% to an increase of 10% compared to 2021[99]. - The company is focusing on expanding its market presence in the electric vehicle sector and aims to increase its market share in the U.S., Europe, and Australia[99]. - The company is exploring partnerships with other firms to enhance its technological capabilities and product innovation[130]. - Future outlook remains positive, with expectations of improved financial performance driven by market expansion and new product launches[130]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts, highlighting potential operational risks[5]. - The company faces risks related to the automotive and motorcycle industry downturn, which could lead to a decline in gross margin and overall performance if the macroeconomic environment worsens[102]. - The company is heavily reliant on aluminum ingots, which constitute a significant portion of its main business costs, and any supply chain disruptions could impact production[104]. - The company has implemented a pricing strategy linked to aluminum prices to mitigate the impact of raw material price fluctuations on profitability[105].

Financial Performance - The company's revenue for Q3 2021 reached ¥946,275,310.71, an increase of 12.36% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥24,907,786.03, a decrease of 8.76% year-on-year[3]. - The net profit excluding non-recurring gains and losses was ¥4,289,666.01, down 74.41% from the previous year[3]. - Basic earnings per share were ¥0.05, a decrease of 28.57% compared to the same period last year[3]. - Total operating revenue for the period reached CNY 2,683,539,838.94, an increase of 25.8% compared to CNY 2,134,150,611.84 in the previous period[16]. - Net profit for the period was CNY 62,373,769.50, representing a 10.5% increase from CNY 56,587,571.75 in the same period last year[18]. - Earnings per share decreased to CNY 0.12 from CNY 0.15 in the previous period[18]. - The comprehensive income totalled CNY 47,552,299.23, slightly down from CNY 47,854,688.73 in the previous period[18]. - Other comprehensive income after tax was negative at CNY -14,821,470.27, compared to CNY -8,732,883.02 in the previous period[18]. Cash Flow and Investments - Operating cash flow for the year-to-date was ¥113,491,998.06, a decline of 10.45%[3]. - Cash received from sales and services increased by 41.36% compared to the same period last year, primarily due to an increase in operating revenue[3]. - Cash outflow from investment activities totaled ¥333,522,515.24, slightly down from ¥359,423,814.65 in the previous period, indicating a reduction of approximately 7%[22]. - Net cash flow from financing activities was ¥25,048,017.31, a significant decrease of about 87% from ¥196,607,177.90 in the previous period[22]. - The total cash and cash equivalents at the end of the period amounted to ¥97,822,700.68, compared to ¥51,049,036.63 in the previous period, reflecting an increase of approximately 92%[22]. - The company reported a cash inflow from investment activities of ¥12,468,431.13, down from ¥31,294,897.60 in the previous period, indicating a decline of about 60%[22]. - The cash received from the disposal of fixed assets increased by 1415.16% year-on-year, indicating a significant rise in asset disposals[8]. - The cash received from the disposal of fixed assets was ¥12,468,431.13, compared to ¥822,911.62 in the previous period, showing a significant increase[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,435,454,193.48, an increase of 1.44% from the end of the previous year[3]. - Total current assets as of September 30, 2021, amounted to CNY 2,391,177,792.57, slightly up from CNY 2,381,922,507.58 at the end of 2020[14]. - Total assets as of September 30, 2021, were CNY 5,435,454,193.48, compared to CNY 5,358,047,633.25 at the end of 2020[14]. - Total liabilities increased to CNY 3,520,921,442.00, compared to CNY 3,484,984,253.92 in the previous period[16]. - The company's total equity reached CNY 1,914,532,751.48, an increase from CNY 1,873,063,379.33[16]. - Total liabilities reached CNY 3,484,984,253.92, with current liabilities at CNY 2,826,884,239.16[26]. - The company's equity totaled CNY 1,873,063,379.33, with attributable equity to shareholders at CNY 1,867,877,616.59[27]. - Short-term borrowings increased to CNY 1,863,123,125.67 from CNY 1,737,201,704.28 at the end of 2020[14]. Research and Development - Research and development expenses increased by 88.07% year-on-year, reflecting higher investment in R&D[7]. - Research and development expenses rose significantly to CNY 109,141,108.42, up 88% from CNY 58,031,555.43[16]. Shareholder Information - The company reported a total of 30,607 common shareholders at the end of the reporting period[10]. - The top 10 shareholders held a combined 64.66% of the company's shares, with the largest shareholder holding 28.85%[10]. Operational Costs - Total operating costs amounted to CNY 2,643,189,668.99, up 24.8% from CNY 2,117,743,526.72 in the prior period[16]. - Cash paid for purchasing goods and services rose by 48.28% compared to the same period last year, attributed to increased operating revenue and rising raw material prices[3]. - The company experienced a negative impact of ¥8,014,911.07 from exchange rate fluctuations on cash and cash equivalents[22]. - The company reported a decrease in sales expenses to CNY 27,796,831.44 from CNY 45,652,120.60[16]. Other Information - The report for the third quarter was not audited[28]. - The company implemented new leasing standards starting in 2021, with no retrospective adjustments reported[28].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,737,264,528.23, representing a 34.46% increase compared to ¥1,292,001,695.82 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥36,281,183.63, up 28.27% from ¥28,285,101.75 in the previous year[21]. - The net profit after deducting non-recurring gains and losses surged by 767.72% to ¥19,075,822.83 from ¥2,198,374.69 in the same period last year[21]. - The net cash flow from operating activities increased by 53.46% to ¥211,086,104.29 compared to ¥137,549,943.55 in the previous year[21]. - The total operating revenue for the period reached ¥1,737,264,528.23, a year-on-year increase of 34.46% compared to ¥1,292,001,695.82[45]. - The total operating costs for the first half of 2021 were CNY 1,719,345,226.27, compared to CNY 1,292,393,247.69 in the first half of 2020, indicating an increase of about 32.9%[168]. - The total profit for the first half of 2021 was CNY 38,164,655.50, an increase of 28.2% from CNY 29,774,781.26 in the same period of 2020[171]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,561,980,310.73, a 3.81% increase from ¥5,358,047,633.25 at the end of the previous year[21]. - The total assets of the company reached ¥5,561,980,310.73, an increase from ¥5,358,047,633.25 at the end of the previous year[161]. - The total liabilities increased to CNY 3,650,865,562.89 as of June 30, 2021, from CNY 3,484,984,253.92 at the end of 2020, representing a growth of approximately 4.8%[163]. - The company's asset-liability ratio improved to 65.64% from 77.89%, a decrease of 15.73% year-on-year[151]. Research and Development - The company has a total of 350 patents, including 23 invention patents and 110 utility model patents, indicating strong R&D capabilities[34]. - Research and development expenses increased by 88.92% to ¥63,581,421.64, reflecting a significant investment in innovation[46]. - The company has applied for 15 patents during the reporting period, including 7 utility model patents and 8 design patents, reflecting its commitment to technological innovation[40]. Market and Sales - The overseas market has seen a growth of 55.43% year-on-year, driven by the establishment of a manufacturing base in Thailand[32]. - The company reported a 20.5% increase in order volume for motorcycle wheels compared to the same period last year, with high-displacement motorcycle wheel orders growing by 59%[39]. - Sales revenue from the shared bicycle market increased by 68.09% year-on-year, showcasing the company's adaptability to market trends[39]. - The company’s aluminum alloy wheel products are exported to over ten countries, including North America and Europe, reflecting its international market presence[30]. Operational Efficiency - The intelligent manufacturing factory has reduced labor costs by approximately 20% and is expected to decrease rework losses by over 25% annually[32]. - The company has reduced its labor utilization rate by approximately 20% and expects to save over CNY 2 million in gas costs annually due to the implementation of its intelligent manufacturing factory[38]. - The company’s production model is driven by sales orders, ensuring efficient resource allocation and production planning[31]. Environmental Responsibility - The company has been recognized as a national "Green Factory," reflecting its commitment to environmental protection and sustainable development[93]. - The company achieved a chemical oxygen demand (COD) discharge concentration of 69.647 mg/L, significantly below the regulatory limit of 500 mg/L[87]. - The ammonia nitrogen discharge concentration was recorded at 0.2764 mg/L, well under the limit of 35 mg/L[87]. - The company reported a total solid waste transfer of 284.89 tons during the reporting period, with hazardous waste treatment costs amounting to CNY 526,762.5[91]. Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[185]. - The company is actively pursuing market expansion strategies through new product development and technological advancements in manufacturing processes[57]. - The company plans not to distribute cash dividends or issue bonus shares[6]. Challenges and Risks - The company faced export trade barriers due to international trade protectionism, particularly from the US-China trade friction, which could impact automotive sales and revenue[73]. - Fluctuations in aluminum prices significantly affect the company's operating performance, with strategies in place to adjust product prices based on market aluminum prices[74]. - The company relies heavily on five major suppliers for raw materials, accounting for over 50% of total procurement, which poses a risk if these suppliers fail to deliver[74]. Corporate Governance - The company has maintained a strong integrity status with no major unfulfilled court judgments or significant overdue debts[105]. - The company reported no significant litigation or arbitration matters during the reporting period[102]. - The company has no non-operating fund occupation by controlling shareholders or related parties[97].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15%[6]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[6]. - The company's operating revenue for 2020 was ¥3,114,711,847.51, representing a 5.73% increase compared to ¥2,945,858,861.42 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥234,428,023.33, a decrease of 3.23% from ¥242,260,953.77 in 2019[18]. - The total revenue for 2020 was approximately ¥3.11 billion, representing a year-on-year increase of 5.73% compared to ¥2.95 billion in 2019[46]. - Net profit reached 66.18 million CNY, up 11.34% compared to the previous year[36]. - The company reported a total revenue of 53,056.3 million CNY for the year, with a year-on-year growth rate of 46.65%[80]. Dividend Policy - The company plans to distribute a cash dividend of 0.13 RMB per 10 shares, totaling approximately 6.5 million RMB[6]. - The cash dividend for 2020 represents 10.02% of the net profit attributable to ordinary shareholders, which was RMB 64,742,875.96[127]. - The cash dividend for 2019 was RMB 0.16 per 10 shares, totaling RMB 6,025,186.25, which accounted for 10.54% of the net profit[128]. - The cash dividend for 2018 was RMB 0.18 per 10 shares, totaling RMB 6,777,900.00, representing 10.48% of the net profit[128]. - The total distributable profit for the year 2020 was RMB 347,122,197.13[128]. - The cash dividend proposal for 2020 is subject to approval at the annual general meeting[125]. - The company has maintained a clear and transparent cash dividend policy, ensuring the protection of minority shareholders' rights[123]. Market Expansion and Strategy - The company has set a revenue target of 1.5 billion RMB for 2021, reflecting a growth expectation of 25%[6]. - User data indicates a growth in the OEM market share by 20% in 2020, driven by increased demand for aluminum alloy wheels[6]. - The company is expanding its market presence in Southeast Asia, with plans to establish a manufacturing facility in Thailand by the end of 2021[6]. - The company intends to expand its aftermarket presence in North America and increase its market share in Europe, Russia, and Australia[103]. - The company aims to optimize its market strategy by focusing on high-value customers and exiting low-value customer segments in the automotive wheel OEM market[102]. - The company is actively addressing risks associated with the global COVID-19 pandemic by optimizing market structures and expanding into international markets[111]. Research and Development - Research and development expenses increased by 12% in 2020, focusing on innovative wheel designs and materials[6]. - The company holds a total of 331 patents, including 22 invention patents and 102 utility model patents[30]. - The company completed 43 internal technology improvement projects in 2020, focusing on enhancing product quality, efficiency, and effectiveness[39]. - The company is developing an intelligent spraying system for wheel hubs, aiming to improve efficiency and reduce VOC emissions[60]. - The company is also working on low-pressure casting technology for high-end wheels, aiming for a comprehensive casting qualification rate of over 90%[60]. - The company is strengthening its R&D capabilities by collaborating with top universities to enhance lightweight and intelligent product lines in the automotive and motorcycle parts sector[106]. Acquisitions and Partnerships - The company has completed the acquisition of a local competitor, which is projected to enhance production capacity by 30%[6]. - The company successfully developed partnerships with leading electric vehicle manufacturers, including Ola in India, during the reporting period[28]. - The company maintained stable partnerships with major automotive manufacturers, including SAIC Volkswagen and Suzuki, in the OEM market[27]. Environmental and Social Responsibility - The company has been recognized as a national-level "green factory" and has implemented measures for environmental protection, including the installation of four activated carbon adsorption devices for exhaust treatment[165]. - The company reported a chemical oxygen demand (COD) discharge concentration of 10.4 mg/L, which is below the standard limit of 80 mg/L, with a total discharge of 3.23 tons per year[165]. - The company actively engages in social welfare activities, contributing to various public welfare projects, including education and healthcare[163]. - The company has implemented strict monitoring and management of wastewater and air emissions, complying with relevant laws and regulations[165]. Financial Management and Capital Structure - The company has a credit rating of A+ with a stable outlook, as confirmed by multiple credit rating reports[195]. - The company plans to enhance profitability through the implementation of convertible bond projects and improved cash flow management[195]. - The total number of convertible bonds issued was 3,680,000, with a total issuance amount of ¥368 million[190]. - The company reported a total of 106.02 million shares held by directors and senior management at the end of the reporting period[196]. Challenges and Risks - The company anticipates facing challenges in raw material costs, which may impact profit margins in the upcoming year[6]. - The company faces risks related to industry fluctuations, particularly in the automotive and motorcycle sectors, which could impact its profitability and operational performance[111]. - The company is in a rapid expansion phase, with a high debt-to-asset ratio and lower liquidity ratios compared to industry peers, posing potential solvency risks[117].

Financial Performance - The company's revenue for Q1 2021 was ¥828,803,683.89, representing a 38.18% increase compared to ¥599,815,256.22 in the same period last year[8]. - Net profit attributable to shareholders was ¥16,835,870.55, up 29.82% from ¥12,969,021.00 year-on-year[8]. - The net profit after deducting non-recurring gains and losses surged by 486.12% to ¥11,027,189.16 from ¥1,881,372.21 in the previous year[8]. - Operating revenue increased by 38.18% compared to the same period last year, primarily due to the recovery of sales affected by the pandemic[6]. - Operating costs rose by 39.01% year-on-year, reflecting the same recovery in sales[6]. - The company reported a 100% decrease in investment income compared to the same period last year, as there were no business activities generating such income[6]. - The company reported a net profit for Q1 2021 of CNY 17,142,125.98, compared to CNY 13,216,606.93 in the prior year, reflecting a growth of approximately 29.5%[39]. - The total profit for the period was CNY 18,930,911.94, an increase from CNY 14,611,391.73, indicating overall growth in profitability[39]. Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 80.88% to ¥10,056,856.72, down from ¥52,608,242.58 in the same period last year[8]. - Cash flow from operating activities totaled CNY 10,056,856.72, a significant decrease from CNY 52,608,242.58 in the previous year, reflecting a decline of approximately 80.9%[46]. - The company reported a net cash outflow from investing activities of CNY -202,508,719.58, compared to CNY -53,903,345.54 in the previous year, indicating a worsening of investment cash flow[46]. - The cash outflow for the acquisition of fixed assets rose by 270.96% year-on-year, attributed to increased project investments by subsidiaries[6]. - The cash flow from financing activities generated a net inflow of 107,011,344.53 CNY, compared to 163,389,914.73 CNY in the previous period, reflecting a decrease in financing activities[50]. Assets and Liabilities - Total assets increased by 5.38% to ¥5,646,453,867.56 compared to ¥5,358,047,633.25 at the end of the previous year[8]. - Total current assets increased to ¥2,661,222,405.61 as of March 31, 2021, up from ¥2,381,922,507.58 at the end of 2020, representing a growth of approximately 11.8%[29]. - Total liabilities increased to ¥3,761,485,741.53 from ¥3,484,984,253.92, reflecting a rise of approximately 8.0%[31]. - The company's total liabilities decreased to CNY 2,071,316,602.76 from CNY 2,172,303,187.17, showing a reduction in financial obligations[38]. - The total equity of the company rose to CNY 1,731,130,963.01 from CNY 1,725,492,673.03, indicating stability in shareholder value[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,751[12]. - The largest shareholder, Jinfei Holdings Group Co., Ltd., held 28.85% of the shares, amounting to 143,922,000 shares[12]. - The net assets attributable to shareholders rose by 0.62% to ¥1,879,476,107.86 from ¥1,867,877,616.59 at the end of the previous year[8]. - The total equity attributable to shareholders increased to ¥1,879,476,107.86 from ¥1,867,877,616.59, reflecting a growth of about 0.6%[32]. Research and Development - R&D expenses surged by 90.15% year-on-year, driven by the company's increased focus on research and development in response to government calls[6]. - Research and development expenses increased to CNY 22,642,550.12 from CNY 11,907,664.39, highlighting a focus on innovation and product development[38]. Other Financial Metrics - The weighted average return on equity decreased to 0.90% from 1.23% year-on-year, a decline of 0.33%[8]. - The company reported a basic earnings per share of CNY 0.03, consistent with the previous period[40]. - Other comprehensive income after tax was reported at CNY -5,288,505.03, compared to CNY -4,046,083.77 in the prior year, reflecting challenges in this area[39]. - The company paid CNY 75,180,538.39 to employees, which increased from CNY 59,511,727.45 in the previous year, representing an increase of approximately 26.3%[46].