编号：2022-038 □特定对象调研 □分析师会议 投资者关 □媒体采访 □业绩说明会 系活动类 □新闻发布会 □路演活动 别 □现场参观 电话会议 □其他 （请文字说明其他活动内容） 参与单位 名称及人 详见附件参会人员名单 员姓名 证券代码：002965 证券简称：祥鑫科技 祥鑫科技股份有限公司投资者关系活动记录表 | --- | --- | |----------|--------------------------------------------------------------------| | | | | 时间 | 2022 年 11 月 02 日 -2022 年 11 月 04 日 | | | 地点 广东省东莞市长安镇建安路 893 号祥鑫科技股份有限公司办公室 | | 上市公司 | | | 人员姓名 | 董事、副总经理兼董事会秘书：陈振海先生 | | | 一、 介绍公司基本情况 | | | 公司专业从事精密冲压模具和金属结构件研发、生产和销售，坚持 | | | 以精密冲压模具为本，不断提升模具的自动化和智能化水平，为汽车、 | | | 动力电池、通信等行业客户提供整体解决方案，是国家高 ...

证券代码：002965 证券简称：祥鑫科技 祥鑫科技股份有限公司投资者关系活动记录表 编号：2022-037 | --- | --- | --- | --- | |-----------|-------------------------------|----------------------------------------------------------------|--------------------------------------| | | □特定对象调研 □分析师会议 | | | | 投资者关 | □媒体采访 □业绩说明会 | | | | 系活动类 | □新闻发布会 | □路演活动 | | | 别 | □现场参观 | 电话会议 | | | | □其他 | （请文字说明其他活动内容） | | | 参与单位 | | | | | 名称及人 | 详见附件参会人员名单 | | | | 员姓名 | | | | | 时间 | 2022 年 10 月 31 日 | | | | | 地点 广东省东莞市长安镇建安路 | 893 | 号祥鑫科技股份有限公司办公室 | | 上市公司 | | | | | 人员 ...

Revenue and Profit Growth - The company's revenue for Q3 2022 reached ¥1,248,484,279.30, representing a 123.42% increase year-over-year[6] - Net profit attributable to shareholders was ¥91,977,755.46, a staggering increase of 1,249.31% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥89,226,099.82, reflecting a 41,311.11% increase year-over-year[6] - Basic earnings per share for Q3 2022 was ¥0.5802, up 1,183.63% year-over-year[6] - Net profit for the current period reached ¥167,309,298.82, a significant increase compared to ¥55,388,185.18 in the previous period, representing a growth of approximately 201%[28] - Operating profit for the current period was ¥200,552,318.16, up from ¥56,801,993.10 in the previous period, indicating an increase of about 253%[28] - Basic earnings per share for the current period were ¥1.0752, compared to ¥0.3675 in the previous period, marking an increase of approximately 193%[28] - The company reported a total comprehensive income of ¥173,588,661.37, significantly higher than ¥55,385,355.53 in the previous period[28] Asset and Equity Changes - The total assets as of the end of Q3 2022 amounted to ¥4,950,299,480.12, which is a 27.84% increase from the end of the previous year[6] - The company’s total assets grew to ¥4,950,299,480.12, compared to ¥3,872,187,518.28 in the prior year, reflecting a year-over-year increase of 28%[25] - The company’s total equity attributable to shareholders increased by 38.11% to ¥2,616,279,282.80 compared to the end of the previous year[6] - The total equity attributable to shareholders reached ¥2,616,279,282.80, up from ¥1,894,287,942.58, reflecting a growth of 38.2%[25] Cash Flow and Investment Activities - The company's cash flow from operating activities for the year-to-date was ¥82,302,052.70, showing a 226.17% increase compared to the same period last year[6] - Net cash flow from operating activities improved by 226.17% to ¥82,302,052.70, driven by expanded sales and increased tax refunds[14] - Net cash flow from investing activities rose by 205.27% to ¥206,715,171.69, mainly due to increased redemption of financial products and transfer of equity interests in joint ventures[14] - Cash flow from operating activities generated a net amount of ¥82,302,052.70, a turnaround from a net outflow of -¥65,233,351.18 in the previous period[32] - Investment activities generated a net cash inflow of ¥206,715,171.69, compared to a net outflow of -¥196,360,276.30 in the previous period[32] Liabilities and Expenses - Current liabilities increased to ¥2,202,545,504.63, compared to ¥1,314,100,250.95, marking a rise of 67.3%[25] - Income tax expenses surged by 2329.64% to ¥33,898,520.57, attributed to an increase in profits[14] - Research and development expenses increased by 53.79% to ¥100,218,278.75, indicating the company's commitment to innovation[11] - Research and development expenses increased to ¥100,218,278.75, representing a 53.8% rise from ¥65,164,177.57 in the previous year[26] Accounts Receivable and Payable - The company reported a significant increase in accounts receivable, which rose by 62.18% to ¥1,151,089,162.36, attributed to expanded sales[11] - Accounts receivable increased to ¥1,151,089,162.36 from ¥709,751,737.18, indicating a growth in sales[19] - The company reported a significant increase in accounts payable, which rose to ¥1,306,679,547.46 from ¥816,719,539.34, an increase of 59.9%[25] Inventory and Current Assets - Inventory rose to ¥1,154,453,223.71 from ¥805,880,394.36, reflecting increased stock levels[19] - Total current assets reached ¥3,607,030,936.89, up from ¥2,818,177,686.94 in the previous period[19] - Cash and cash equivalents amounted to ¥695,354,860.22, compared to ¥356,965,712.16 in the previous period[19] - Cash and cash equivalents at the end of the period totaled ¥636,349,823.00, an increase from ¥551,134,660.99 at the end of the previous period[32]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,709,646,630.66, representing a 69.36% increase compared to ¥1,009,478,442.56 in the same period last year[30]. - The net profit attributable to shareholders of the listed company was ¥75,968,842.92, up 56.41% from ¥48,571,544.52 in the previous year[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥65,993,468.50, reflecting a 93.50% increase from ¥34,105,432.59 year-on-year[30]. - The net cash flow from operating activities was ¥34,656,219.79, a significant turnaround from a negative cash flow of -¥36,465,007.01 in the previous year, marking a 195.04% improvement[30]. - Basic earnings per share increased to ¥0.4950, a rise of 53.58% compared to ¥0.3223 in the same period last year[30]. - Total assets at the end of the reporting period were ¥4,483,763,252.64, up 15.79% from ¥3,872,187,518.28 at the end of the previous year[30]. - The net assets attributable to shareholders of the listed company were ¥1,970,019,603.73, an increase of 4.00% from ¥1,894,287,942.58 at the end of the previous year[30]. - The weighted average return on net assets was 3.97%, up from 2.65% in the previous year, indicating improved profitability[30]. Market and Industry Trends - In the first half of 2022, the company reported a revenue share of 55.82% from products related to new energy vehicles, supplying major clients such as GAC Aion, Geely, and BYD[50]. - The domestic market for energy storage systems saw a 70% year-on-year increase in installed capacity, reaching 0.4GW in the first half of 2022[43]. - The photovoltaic sector saw a significant growth in installed capacity, with 30.88GW added in the first half of 2022, contributing to increased demand for energy storage systems[43]. - The automotive parts and components manufacturing industry experienced a decline in production and sales, with a year-on-year decrease of 3.7% and 6.6% respectively in the first half of 2022[41]. - The market share of new energy vehicles reached 21.6% in the first half of 2022, with production and sales of electric vehicles growing significantly[41]. Innovation and R&D - The company achieved a total of 400 patents, including 23 invention patents, demonstrating its strong focus on innovation and technology[49]. - Research and development investment increased by 47.37% to ¥55,370,658.93, reflecting the company's commitment to enhancing its R&D capabilities[79]. - The company emphasizes the development of precision stamping molds and metal structural components, particularly in the fields of energy storage and communication equipment[51]. - The company aims to leverage the rapid growth in the new energy vehicle, power battery, energy storage, and photovoltaic sectors, emphasizing technological innovation to enhance its competitive edge in precision stamping mold technology[52]. Strategic Partnerships and Customer Base - The company maintains long-term partnerships with leading automotive component manufacturers, becoming a first-tier supplier for major automakers like NIO and Daimler[50]. - The company has established long-term strategic partnerships with major clients in the new energy vehicle sector, including BYD and NIO, supplying various components[71]. - The company has also supplied products to well-known enterprises in the energy storage and photovoltaic sectors, such as Huawei and Enphase Energy[72]. - The company's core customers include globally recognized first-tier automotive parts suppliers, indicating a strong position in the supply chain[63]. Risks and Challenges - The company faces various risks including macroeconomic fluctuations, market demand volatility, and raw material price fluctuations, which may impact future performance[8]. - The company faces risks from macroeconomic fluctuations, including trade tensions and supply chain issues, which could impact demand for its products[120]. - The company is exposed to exchange rate fluctuations as its products are primarily settled in USD, EUR, and HKD, which can affect production and profit levels[123]. - Significant volatility in raw material prices, particularly for steel and aluminum, poses a risk to the company's gross margin and profitability if cost impacts cannot be passed to downstream markets[125]. - Insufficient innovation capabilities may lead to technological lag and decreased competitiveness if the company fails to keep pace with rapid product updates and new manufacturing technologies[126]. - The company is at risk of losing core technical personnel due to intense competition for skilled talent in the automotive, communication, and metal products industries[127]. - Strict quality control is essential as major clients in the automotive and electronics sectors have high standards; failure to meet these could result in compensation claims and loss of business[128]. Corporate Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period, adhering strictly to environmental laws[148]. - The company is committed to creating a fair competitive business environment and achieving a balance between economic, environmental, and social benefits[149]. - The company has not engaged in any significant related party transactions during the reporting period, indicating a focus on operational integrity[173]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties, maintaining financial stability[166]. - The company has not issued any external guarantees during the reporting period, reflecting prudent financial management[167]. - The company has not reported any significant contracts that would impact profit by over 10% during the reporting period, suggesting stable operational performance[183]. Employee Development and Corporate Culture - The company emphasizes the importance of talent development and established a comprehensive training system to enhance employee skills and career growth[158]. - The company implemented a performance-oriented compensation structure, combining base salary, monthly performance, bonuses, and stock options to motivate employees[156]. - The company encourages innovation among employees and has set up various awards and incentives for innovative achievements[156]. Environmental and Social Responsibility - The company has implemented clean production practices to reduce atmospheric hazards, enhancing its environmental management[160]. - The company adheres to the principles of "reduction, harmless treatment, resource utilization, and ecological circulation" in its green development strategy[160].

Financial Performance - The company's operating revenue for Q1 2022 was ¥752,144,394.15, representing a 54.54% increase compared to ¥486,712,058.46 in the same period last year[6] - The net profit attributable to shareholders for Q1 2022 was ¥34,127,182.21, up 9.06% from ¥31,293,216.11 in the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,378,715.68, an increase of 18.74% from ¥24,741,475.92 year-on-year[6] - Total operating revenue for the current period reached ¥752,144,394.15, a significant increase from ¥486,712,058.46 in the previous period, representing a growth of approximately 54.5%[30] - Net profit for the current period was ¥34,136,476.99, up from ¥31,293,216.11 in the previous period, reflecting a growth of approximately 9.2%[30] - The company reported a total comprehensive income of ¥35,404,138.43 for the current period, compared to ¥31,292,975.02 in the previous period, representing an increase of about 13.5%[33] Assets and Liabilities - The company's total assets at the end of Q1 2022 reached ¥4,277,703,251.48, a 10.47% increase from ¥3,872,187,518.28 at the end of the previous year[6] - The company's total assets reached ¥4,277.70 million, compared to ¥3,872.19 million at the beginning of the year, reflecting a growth of 10.5%[24] - The company's total liabilities increased to ¥2,000.00 million, up from ¥1,800.00 million, which is a rise of 11.1%[24] - The company's total liabilities increased to ¥2,340,645,134.53 from ¥1,977,899,575.70, marking an increase of about 18.3%[27] - Total current assets rose to ¥3,119.78 million, up from ¥2,818.18 million, indicating an increase of 10.7%[21] Cash Flow - The cash flow from operating activities for Q1 2022 was ¥73,711,814.88, a decrease of 5.77% compared to ¥78,221,889.10 in the same period last year[6] - Operating cash inflow for the current period was ¥739,417,707.97, an increase of 23.5% compared to ¥598,904,414.06 in the previous period[34] - Cash outflow from operating activities totaled ¥665,705,893.09, up from ¥520,682,524.96, resulting in a net cash flow from operating activities of ¥73,711,814.88[37] - Investment cash inflow reached ¥935,653,309.83, compared to ¥764,571,629.58 in the previous period, indicating a growth of 22.4%[37] - The net cash flow from investment activities was ¥2,678,993.94, a significant recovery from a negative cash flow of -¥491,007,222.19 in the previous period[37] - Cash inflow from financing activities amounted to ¥89,900,000.00, while cash outflow was ¥9,598,722.32, resulting in a net cash flow of ¥80,301,277.68[37] Expenses and Investments - Research and development expenses increased by 36.04% to ¥21,764,364.95, reflecting the company's commitment to enhancing its R&D efforts[12] - Research and development expenses for the current period were ¥21,764,364.95, up from ¥15,998,297.27, indicating a growth of about 36%[30] - The company's tax expenses for the current period were ¥8,751,643.30, compared to ¥4,905,892.60 in the previous period, reflecting an increase of about 78.5%[30] - Employee compensation payments increased to ¥131,310,523.99 from ¥105,286,323.32, reflecting a rise of 24.7%[37] Other Financial Metrics - The gross profit margin for Q1 2022 was impacted by a 58.50% increase in operating costs, which reached ¥628,190,388.72 due to higher sales volume and material price increases[12] - The basic earnings per share for the current period was ¥0.2224, compared to ¥0.2077 in the previous period, reflecting an increase of approximately 7.6%[33] - The company reported a significant increase in contract assets to ¥955.25 million from ¥805.88 million, a growth of 18.5%[21] - The company’s long-term equity investments rose to ¥18.54 million from ¥9.79 million, showing an increase of 89.5%[24] - The company’s fixed assets increased to ¥491.79 million from ¥480.44 million, a growth of 2.8%[24] - The company’s total non-current assets reached ¥1,157.92 million, compared to ¥1,054.01 million, reflecting a growth of 9.8%[24] Audit and Reporting - The company did not conduct an audit for the first quarter report[40]

Financial Performance - The company's operating revenue for 2021 was ¥2,370,773,425.38, representing a 28.89% increase compared to ¥1,839,381,953.23 in 2020[33]. - The net profit attributable to shareholders for 2021 was ¥64,083,384.04, a decrease of 60.34% from ¥161,600,938.61 in 2020[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,487,408.55, down 74.78% from ¥140,698,392.22 in 2020[33]. - The net cash flow from operating activities was -¥14,392,253.22, a decline of 112.03% compared to ¥119,669,915.10 in 2020[33]. - The total assets at the end of 2021 were ¥3,872,187,518.28, an increase of 17.49% from ¥3,295,723,984.48 at the end of 2020[33]. - The weighted average return on net assets for 2021 was 3.41%, down from 9.67% in 2020[33]. - The company reported a negative cash flow from operating activities of -1,439.23 million yuan, a decrease of 112.03% year-on-year[86]. - The company's total assets reached 387,218.75 million yuan at the end of the reporting period, reflecting a year-on-year increase of 17.49%[86]. Dividends and Share Structure - The company reported a cash dividend of 1.26 RMB per 10 shares, based on a total share capital of 153,472,645 shares as of April 20, 2022[8]. - The company has a total of 153,472,645 shares outstanding, reflecting its capital structure[8]. Business Operations and Structure - The company has not changed its main business since its listing, indicating stability in its operations[31]. - The company has a total of 100% owned subsidiaries, including Dongguan Junxin and Tianjin Xiangxin, which contribute to its operational capacity[22]. - The company has maintained its organizational structure code as 9144190076291807XU since its establishment[31]. - The company has established production bases in multiple locations including Dongguan, Guangzhou, and Tianjin, with a new base under construction in Mexico to better serve North American automotive clients[85]. Market and Industry Trends - The automotive parts and accessories manufacturing industry saw a 3.4% increase in production and a 3.8% increase in sales in 2021, ending a three-year decline[46]. - The market share of new energy vehicles reached 13.4% in 2021, reflecting a significant growth of 8 percentage points compared to the previous year[47]. - The revenue share from products related to new energy vehicles increased from 22.73% in 2020 to 38.32% in 2021[55]. Research and Development - Research and development expenses increased by 25.53% to 95,510,580.10 yuan in 2021, reflecting the company's commitment to enhancing R&D investment[104]. - The number of R&D personnel rose by 20.50% to 288, with a notable increase in the proportion of personnel holding master's degrees[110]. - The company is in the mass production stage for multiple R&D projects aimed at enhancing production efficiency and expanding its core competitiveness in the automotive sector[107]. Risk Management - The company emphasizes the importance of risk awareness in its future plans and development strategies, highlighting potential risk factors[8]. - The company acknowledges risks related to macroeconomic fluctuations, market competition, and raw material price volatility, which could adversely affect its operational performance[167][168][173]. - The company faces risks related to insufficient technological innovation capabilities, which may lead to technological lag and decreased competitiveness if it fails to meet market demand changes[174]. Investor Relations and Governance - The company is committed to enhancing investor relations through improved communication and transparency, utilizing various platforms to engage with stakeholders[166]. - The company has conducted multiple investor relations activities, including five shareholder meetings during the reporting period, ensuring equal rights for all shareholders[187]. - The company maintains a strict information disclosure policy, ensuring timely and accurate communication with shareholders[191]. - The governance status of the company aligns with legal and regulatory requirements, with no significant discrepancies[193]. Financial Management and Investments - The company has allocated RMB 10,800 million for working capital, achieving a utilization rate of 99.68%[140]. - The company has approved the use of up to RMB 2 billion of idle raised funds for temporary working capital, with a usage period not exceeding 12 months[144]. - The company reported a total investment of RMB 46,558.53 million in committed investment projects as of the end of the reporting period[140].

祥鑫科技股份有限公司 2021 年第三季度报告 股票代码：002965 股票简称：祥鑫科技 公告编号：2021-104 债券代码：128139 债券简称：祥鑫转债 祥鑫科技股份有限公司 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.公司负责人陈荣、主管会计工作负责人李燕红及会计机构负责人(会计主管人员) 李燕 红声明：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 （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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|------------------------| ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,009,478,442.56, representing a 20.87% increase compared to CNY 835,202,240.99 in the same period last year[29]. - The net profit attributable to shareholders of the listed company decreased by 37.72% to CNY 48,571,544.52 from CNY 77,985,286.71 year-on-year[29]. - The net cash flow from operating activities was negative at CNY -36,465,007.01, a decline of 156.67% compared to CNY 64,345,926.60 in the previous year[29]. - The basic earnings per share decreased by 37.72% to CNY 0.3223 from CNY 0.5175 in the same period last year[29]. - The net profit after deducting non-recurring gains and losses decreased by 47.12% to CNY 34,105,432.59 from CNY 64,492,432.53 year-on-year[29]. - Operating costs increased by 24.88% to ¥826,485,124.64, primarily due to rising raw material prices and increased labor costs[50]. - The company reported a significant decrease in income tax expenses, down 65.62% to ¥4,420,284.00, attributed to a decline in profits[50]. - The sales expenses increased by 53.25% to ¥11,963,649.08, driven by an expansion in sales scale and increased personnel costs[50]. - The financial expenses surged by 1,211.64% to ¥17,495,853.64, primarily due to interest expenses from convertible bonds and exchange rate fluctuations[50]. Assets and Liabilities - Total assets as of June 30, 2021, were CNY 3,389,162,178.14, an increase of 2.84% from CNY 3,295,723,984.48 at the end of the previous year[29]. - The company's net assets attributable to shareholders remained stable at CNY 1,872,193,736.16, showing no change from the previous year[29]. - The company's cash and cash equivalents decreased by 16.32% to ¥365,655,405.39, down from ¥893,513,573.37 at the end of the previous year[61]. - The inventory level increased by 17.71% to ¥600,138,634.97, attributed to rising raw material prices and increased stock for customer demand[61]. - The company's investment cash outflow increased by 114.92% to ¥2,353,410,000.00, compared to ¥1,095,000,000.00 in the previous year[54]. - Accounts payable decreased to ¥471,154,304.33, down by 3.48% due to reduced payments for project equipment and construction[63]. - Tax payable decreased to ¥8,174,450.47, a decline of 0.21% due to reductions in VAT and corporate income tax[63]. Investment and R&D - Research and development investment rose by 5.42% to ¥37,573,664.68, indicating a continued focus on innovation[50]. - The company plans to enhance its R&D capabilities by focusing on lightweight metal processing technologies and advanced composite materials, aiming to improve product value-added[92]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in its report[6]. - The company faces risks including macroeconomic fluctuations, industry competition, and rising labor costs, which could impact its operational performance[79][87]. Shareholder Information - The total number of shares increased to 150,700,835, with 75,755,100 shares under limited sale conditions, accounting for 50.27% of total shares[172]. - Major shareholders include Chen Rong with 25.35% (38,200,000 shares) and Xie Xiangwa with 19.44% (29,300,000 shares)[177]. - The number of shareholders holding ordinary shares reached 16,981 by the end of the reporting period[177]. Financial Products and Fundraising - The company raised a total of 28,470 million in funds during the reporting period[162]. - The average interest rate for the financial products ranged from 1.51% to 4.89%[158]. - The company has maintained a focus on low-risk financial products to ensure stable returns[137]. - The company reported a total of 1,806 million in interest income from its financial products during the reporting period[162]. - The company has a consistent track record of recovering principal and interest from low-risk financial products[137]. Corporate Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[105]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[113]. - The company has not experienced any major litigation or arbitration matters during the reporting period[118]. - The company has not disclosed any other necessary information as required by securities regulatory authorities[175].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,009,478,442.56, representing a 20.87% increase compared to CNY 835,202,240.99 in the same period last year[29]. - The net profit attributable to shareholders of the listed company decreased by 37.72% to CNY 48,571,544.52 from CNY 77,985,286.71 year-on-year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 47.12% to CNY 34,105,432.59 compared to CNY 64,492,432.53 in the previous year[29]. - The net cash flow from operating activities was negative at CNY -36,465,007.01, a decline of 156.67% from CNY 64,345,926.60 in the same period last year[29]. - The basic earnings per share decreased by 37.72% to CNY 0.3223 from CNY 0.5175 year-on-year[29]. - Total assets as of June 30, 2021, were CNY 3,389,162,178.14, an increase of 2.84% from CNY 3,295,723,984.48 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company remained stable at CNY 1,872,193,736.16, showing no change compared to CNY 1,872,275,956.67 at the end of the previous year[29]. - The weighted average return on net assets was 2.65%, down from 4.69% in the previous year, reflecting a decrease of 2.04%[29]. Revenue and Costs - Operating costs increased by 24.88% to ¥826,485,124.64, primarily due to rising raw material prices and increased labor costs[51]. - Revenue from the automotive parts and accessories manufacturing sector was CNY 675,221,319.31, accounting for 66.89% of total revenue, with a year-on-year growth of 11.52%[55]. - The gross profit margin for the automotive parts and accessories manufacturing sector was 17.99%, showing a decrease of 4.35% compared to the previous year[58]. - The company reported a significant decrease in income tax expenses, down 65.62% to ¥4,420,284.00 from ¥12,856,756.66 in the previous year, primarily due to a decline in profits[51]. - Sales expenses increased by 53.25% to ¥11,963,649.08, attributed to the expansion of sales scale and increased personnel costs[51]. - Financial expenses surged by 1,211.64% to ¥17,495,853.64, mainly due to interest expenses from convertible bonds and exchange rate fluctuations[51]. Investment and Cash Flow - The net cash flow from investing activities was -¥442,148,440.22, a decline of 330.67% from ¥191,684,130.44 in the previous year, mainly due to increased investments in projects and bank financial products[51]. - The net increase in cash and cash equivalents was -¥525,163,175.12, a decrease of 369.28% from ¥195,024,916.35 in the previous year[51]. - The company reported a significant increase in cash received from investments, totaling CNY 2,052,660,932.71, which is a 52.11% increase compared to the previous period[55]. - The cash paid for purchasing goods and accepting labor services was CNY 730,517,342.29, reflecting a 32.93% increase due to higher raw material procurement[55]. - The company experienced a 125.43% increase in cash paid for acquiring fixed assets and intangible assets, amounting to CNY 141,621,625.70, primarily due to projects in Changshu and Guangzhou[55]. Research and Development - Research and development investment rose by 5.42% to ¥37,573,664.68, compared to ¥35,640,870.74 in the previous year[51]. - The company plans to enhance its R&D capabilities, focusing on lightweight metal processing technologies and advanced composite materials, with a goal to improve product value-added[93]. - The company continues to focus on precision stamping molds, enhancing automation and intelligence levels to meet the growing demand from major automotive clients[43]. Shareholder Information - The company reported a participation rate of 57.26% in the first temporary shareholders' meeting held on January 21, 2021[98]. - Major shareholder Chen Rong holds 25.35% of the shares, amounting to 38,200,000 shares[178]. - Major shareholder Xie Xiangwa holds 19.44% of the shares, amounting to 29,300,000 shares[178]. - The total number of shares increased to 150,700,835, with a slight increase of 835 shares due to the conversion of bonds[173]. - The company has no ongoing share repurchase plans[176]. Corporate Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[107]. - The company emphasizes green development and aims to enhance its environmental management practices[108]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[115]. - The company has not experienced any major litigation or arbitration matters during the reporting period[119]. - There are no significant related party transactions during the reporting period[125]. Financial Products and Investments - The company raised a total of 12,000 million in funds with a maturity date of March 15, 2021, at an interest rate of 3.10%[138]. - The company issued a low-risk financial product with a total of 5,500 million, achieving a return of 3.50%[138]. - The company has successfully recovered 27.04 million from a 3,000 million investment with a maturity date of March 8, 2021[138]. - The company has multiple investment products with varying maturity dates, indicating a diversified investment strategy[163]. - The company has utilized both raised and self-owned funds for its investment products, demonstrating flexibility in funding sources[163].

Financial Performance - The company's operating revenue for Q1 2021 was ¥486,712,058.46, representing a 38.36% increase compared to ¥351,784,164.85 in the same period last year[10] - The net profit attributable to shareholders for Q1 2021 was ¥31,293,216.11, a decrease of 21.81% from ¥40,020,557.70 in the previous year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,741,475.92, down 29.81% from ¥35,248,093.10 year-on-year[10] - The basic earnings per share for Q1 2021 were ¥0.2077, a decrease of 21.80% from ¥0.2656 in the same period last year[10] - The diluted earnings per share were also ¥0.2077, reflecting the same percentage decrease of 21.80% year-on-year[10] - The weighted average return on equity was 1.66%, down from 2.41% in the previous year[10] - Operating revenue increased by 38.36% to ¥486,712,058.46 driven by an increase in sales orders[22] - Operating costs rose by 42.46% to ¥396,324,584.16 due to increased sales volume and rising material prices[22] - The company reported a decrease in employee compensation liabilities to CNY 16,969,047.19 from CNY 25,621,303.50, a reduction of approximately 33.8%[68] - The company’s total comprehensive income for the current period was ¥26,955,242.55, down from ¥36,885,547.57, reflecting a decrease of about 27%[91] Cash Flow and Investments - The net cash flow from operating activities increased by 29.29% to ¥78,221,889.10, compared to ¥60,503,411.99 in the same period last year[10] - Cash and cash equivalents decreased by 46.68% to ¥476,430,578.27 due to the investment of idle funds in low-risk bank wealth management products[22] - The company recorded a 128.43% increase in cash received from other operating activities, totaling ¥7,689,933.03, attributed to increased government subsidies[25] - The company reported a 145.18% increase in cash paid for investments, amounting to ¥1,221,000,000.00, due to increased bank wealth management investments[25] - Cash inflow from operating activities totaled ¥598,904,414.06, up from ¥490,484,174.96, representing an increase of approximately 22.2%[92] - Cash outflow from operating activities rose to ¥368,574,658.09, an increase of 16.5% compared to ¥316,483,344.55 in the previous period[99] - Net cash flow from investing activities was -¥554,577,949.29, compared to a positive cash flow of ¥35,686,401.41 in the previous period[102] - Cash inflow from investment activities increased to ¥321,530,602.75, up 20.5% from ¥266,777,739.73 year-on-year[99] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,443,288,510.07, reflecting a 4.48% increase from ¥3,295,723,984.48 at the end of the previous year[10] - The total amount of entrusted wealth management was ¥122,100,000, with an outstanding balance of ¥96,500,000[36] - Current liabilities totaled CNY 910,470,504.97, a slight decrease from CNY 913,774,427.94[68] - The total liabilities rose to CNY 1,539,719,578.38 from CNY 1,423,448,027.81, marking an increase of approximately 8.2%[68] - The total equity attributable to shareholders was CNY 1,903,568,931.69, up from CNY 1,872,275,956.67, representing a growth of about 1.7%[71] - The total amount of principal guaranteed financial products issued by the bank reached 172.6 million yuan, with an average interest rate of 3.18%[51] - The total liabilities increased from CNY 1,141,274,628.16 to CNY 1,231,756,201.20, with a notable increase of CNY 90,481,573.04 attributed to the recognition of lease liabilities[113] Research and Development - Research and development expenses increased by 36.69% to ¥15,998,297.27 reflecting higher investment in R&D projects[22] - The company reported a significant increase in research and development expenses to ¥15,998,297.27 from ¥11,704,208.58, representing a rise of about 36.5%[81] - Research and development expenses increased to ¥11,357,412.02 from ¥9,302,667.78, reflecting a rise of approximately 22%[89] Financial Management and Strategy - The company received government subsidies amounting to ¥1,440,104.85 during the reporting period[10] - The company has successfully recovered all principal and interest from several financial products issued in 2021, indicating strong performance in financial management[42] - The company continues to expand its low-risk financial product offerings, with multiple issuances planned for the upcoming quarters[45] - Future outlook includes continued focus on low-risk financial products to enhance capital management and investor confidence[45] - The bank's financial strategy focuses on low-risk financial products, appealing to conservative investors[48] - The bank has engaged in multiple investor relations activities to discuss its financial performance and future strategies[54] Compliance and Audit - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[114] - The bank has no record of any non-compliance with external guarantees during the reporting period[52]