Financial Performance - The total revenue for 2020 was ¥1,839,381,953.23, representing a 15.17% increase compared to ¥1,597,121,555.32 in 2019[25] - The net profit attributable to shareholders for 2020 was ¥161,600,938.61, which is a 6.85% increase from ¥151,247,296.62 in 2019[25] - The net cash flow from operating activities increased by 113.37% to ¥119,669,915.09 from ¥56,085,681.12 in 2019[25] - The basic earnings per share for 2020 was ¥1.0723, a decrease of 15.42% compared to ¥1.2678 in 2019[25] - The total assets at the end of 2020 were ¥3,295,723,984.48, marking a 40.03% increase from ¥2,353,529,594.70 at the end of 2019[25] - The weighted average return on net assets for 2020 was 9.67%, down from 15.59% in 2019, a decrease of 5.92%[25] - The net profit after deducting non-recurring gains and losses was ¥140,698,392.22, a decrease of 3.63% from ¥145,992,482.42 in 2019[25] - The company’s operating profit was RMB 18,631.44 million, which represents an 8.11% increase year-on-year[87] - The company reported a total revenue of ¥1,839,382,953.25 for the year, with a year-on-year increase of 12%[30] Cash Flow and Investments - The company issued convertible bonds totaling RMB 647,005,400, with a net fundraising amount of RMB 636,315,867.43 after deducting issuance costs[88] - Cash and cash equivalents increased significantly by 3,696.71% to ¥710,888,552.53, up from a decrease of ¥19,764,964.21 in 2019[138] - Investment cash inflow skyrocketed to ¥2,464,743,369.72, a staggering 32,730.97% increase from ¥7,507,371.94 in 2019, with net cash flow from investment activities reaching ¥5,781,838.33, compared to a loss of ¥736,284,488.45 in the previous year[138] - The company made a new investment in Dongguan Jiebang Precision Metal Products Co., Ltd., reflected in long-term equity investments of ¥5,318,290.16[139] - The company has implemented a three-party supervision agreement for the management of raised funds, ensuring compliance with regulations[88] Business Operations - The company has maintained its main business focus on precision stamping molds and metal structural parts, serving major clients in the automotive and communication sectors[39] - The company operates a direct sales model, focusing on customer development and order acquisition through various channels including exhibitions[41] - The production cycle for designated parts typically lasts between 2 to 5 years, depending on the lifecycle of the corresponding vehicle model[47] - The company has established a procurement management system that includes a list of qualified suppliers and regular evaluations to optimize the procurement process[108] - The production model is customized based on client orders, utilizing a "sales-driven production" approach to align production schedules with customer demand[106] Research and Development - The company has established a research and development team focused on automotive lightweight materials, achieving a production cycle reduction of approximately 33% compared to traditional processes[75] - As of December 31, 2020, the company has obtained over 300 patents, including 22 invention patents, showcasing its strong technological research and development capabilities[69] - R&D personnel increased to 239 in 2020, a 39.77% rise from 171 in 2019, with R&D expenditure amounting to ¥76,083,501.21, up 38.93% from ¥54,765,109.01[134] - The company aims to enhance R&D capabilities, focusing on lightweight metal new material processing technology and advanced composite material forming technology[178] - The company will strengthen partnerships with research institutions like Tsinghua University and South China University of Technology to improve innovation capabilities[178] Market Position and Strategy - The company has established itself as a first-tier supplier for well-known automotive manufacturers such as BYD and NIO[63] - The rapid growth of the electric vehicle market presents significant opportunities for the company in the automotive mold and component sector[58] - The company has formed long-term strategic partnerships with major automotive manufacturers, including GAC Group, BYD, and Tesla, enhancing its market position[76] - The company’s molds for automotive seat systems can improve production efficiency by 30-50% compared to domestic averages, with a maximum lifespan of 5 million strokes[71] - The company has established a "5G Communication Equipment Intelligent Manufacturing Industrial Park" to enhance production capacity in response to the rapid growth in the 5G sector[92] Risks and Challenges - The company faces risks from macroeconomic fluctuations affecting demand in downstream industries such as automotive and electronics, which could negatively impact performance[183] - Increased competition in the industry due to rapid development in downstream sectors and the influx of new entrants poses a significant risk to the company's market position[184] - The company’s main business, automotive stamping molds and parts, is vulnerable to low or negative growth in domestic automotive production, which could intensify competition[185] - Export risks are present due to potential adverse changes in trade policies and economic conditions in key markets like the US, Germany, and Japan, which could affect sales[186] - Rising raw material prices, particularly for steel and aluminum, could affect the company's cost structure and profit margins if not managed effectively[188] Shareholder Returns - The company plans to distribute a cash dividend of ¥3.23 per 10 shares based on a total share capital of 150,700,000 shares as of December 31, 2020[8] - The company is committed to a stable profit distribution policy, prioritizing cash dividends to ensure reasonable returns for shareholders[199]

Financial Performance - Operating revenue for the period reached CNY 458,876,684.37, representing a year-on-year growth of 21.05%[10] - Net profit attributable to shareholders was CNY 41,477,362.62, up 20.87% from the same period last year[10] - The company reported a net profit of CNY 119,462,649.33 for the year-to-date, reflecting a decrease of 2.04% compared to the previous year[10] - Total operating revenue for the third quarter was CNY 458,876,684.37, an increase of 20.9% compared to CNY 379,087,907.10 in the same period last year[86] - Total operating revenue for the current period reached ¥1,294,078,925.36, an increase of 15.5% compared to ¥1,120,042,550.56 in the previous period[101] - Net profit for the current period reached ¥28,913,434.48, down from ¥32,398,064.19 in the previous period, indicating a decrease of approximately 10.2%[97] - The company reported a total comprehensive income of ¥119,462,649.33 for the current period, compared to ¥117,079,285.50 in the previous period[111] Assets and Liabilities - Total assets increased by 6.40% to CNY 2,504,139,528.09 compared to the end of the previous year[10] - The total current assets increased to CNY 1,848,134,228.16 from CNY 1,734,936,707.74, reflecting a growth of approximately 6.5% year-over-year[70] - The total liabilities increased to CNY 1,848,134,228.16, with short-term borrowings reported at CNY 207,801,922.41, up from CNY 167,213,657.65 in the previous year, indicating a rise of approximately 24.3%[73] - The company's total equity reached CNY 1,642,237,853.73, up from CNY 1,597,979,528.98, representing a growth of 2.8%[86] - Total liabilities increased to CNY 540,786,698.59 from CNY 552,940,913.44 year-over-year, indicating a decrease of 2.8%[86] Cash Flow - Net cash flow from operating activities surged by 236.42% to CNY 62,461,626.90[10] - Cash flow from operating activities increased by 11.15% to ¥1,321,391,603.09 from ¥1,188,794,692.59, due to higher customer payments[28] - Operating cash inflow for the current period reached ¥1,343,021,423.32, an increase of 11.3% compared to ¥1,206,873,164.95 in the previous period[114] - Cash received from sales of goods and services was ¥1,321,391,603.09, compared to ¥1,188,794,692.59 in the previous period, indicating growth[114] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,687[14] - Major shareholders include Chen Rong with 25.35% and Xie Xiangwa with 19.44% of the shares[14] Research and Development - Research and development expenses rose to ¥52,980,367.75, a 19.24% increase from ¥44,432,931.83, attributed to higher investment in new projects[28] - Research and development expenses increased to ¥12,940,424.71 from ¥10,766,927.61, marking a rise of about 20.2%[97] Financial Management - The company reported a total of 195,500,000 CNY in entrusted financial management, with an outstanding balance of 54,200,000 CNY[41] - The company utilized self-owned funds amounting to 40,500,000 CNY and raised funds of 155,000,000 CNY for entrusted financial management[41] - The company has engaged in low-risk financial products, ensuring capital preservation and interest payments upon maturity[41] - The company has consistently achieved returns on its financial products, with rates ranging from 1.94% to 3.65% across various funds[53] Operational Costs - Operating costs amounted to ¥1,002,065,113.01, reflecting a 20.39% increase from ¥832,327,990.90 due to increased production costs[28] - Total operating costs increased to ¥1,171,671,517.31, up 18.4% from ¥989,301,639.25 in the previous period[101] Other Financial Metrics - Basic earnings per share decreased by 9.35% to CNY 0.2752[10] - The weighted average return on equity fell to 2.41%, down 6.87% from the previous year[10] - The company reported a financial expense of ¥1,759,267.82, compared to a financial income of -¥1,208,255.07 in the previous period[97] - The tax expenses for the current period were ¥3,620,703.33, down from ¥4,458,486.78, indicating a decrease of about 18.8%[97]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥835,202,240.99, representing a 12.72% increase compared to ¥740,954,643.46 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥77,985,286.71, a decrease of 5.77% from ¥82,762,765.46 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥64,492,432.53, down 20.86% from ¥81,492,091.34 in the same period last year[19]. - The basic earnings per share were ¥0.5175, a decrease of 29.33% from ¥0.7323 in the same period last year[19]. - The total profit for the first half of 2020 was ¥90,842,043.37, slightly down from ¥94,109,538.31 in the previous year[179]. - The company achieved a gross profit margin of approximately 21.73% in the first half of 2020, compared to 26.00% in the same period of 2019[185]. - Net profit for the period was 77.99 million yuan, a decrease of 5.77% compared to the previous year[37]. - The company reported a decrease in employee compensation payable to ¥20,521,527.46 from ¥24,825,305.20, a reduction of about 17.5%[169]. Cash Flow and Assets - The net cash flow from operating activities was ¥64,345,926.60, a decline of 16.70% compared to ¥77,246,236.57 in the previous year[19]. - Cash and cash equivalents at the end of the reporting period amounted to ¥386,361,785.62, representing 16.14% of total assets, an increase from 14.03% in the previous year[46]. - The company’s cash flow from operating activities decreased by 16.70% to 64.35 million yuan[39]. - The company reported a net increase in cash and cash equivalents of ¥67,393,277.06, contrasting with a decrease of -¥19,113,788.17 in the first half of 2019[196]. - The ending balance of cash and cash equivalents as of June 30, 2020, was ¥158,282,507.05, up from ¥119,949,449.23 at the end of the previous year[196]. - The total operating cash inflow was ¥663,937,877.19, slightly up from ¥663,400,688.50 in the first half of 2019[194]. Investments and R&D - The company’s R&D investment rose by 14.92% to 35.64 million yuan[39]. - Research and development expenses for the first half of 2020 were ¥35,640,870.74, compared to ¥31,012,449.28 in the previous year, indicating a rise of 14.5%[179]. - The company has committed to invest ¥36,631.15 million in the construction of a precision automotive mold and parts production base, with 34.52% of the project completed as of the reporting date[63]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,393,870,031.89, an increase of 1.71% from ¥2,353,529,594.70 at the end of the previous year[19]. - Total liabilities amounted to ¥740,192,569.87, slightly up from ¥731,120,419.39, indicating an increase of about 1%[169]. - The company's equity attributable to shareholders increased to ¥1,653,677,462.02 from ¥1,622,409,175.31, a rise of approximately 1.9%[171]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,630, with the largest shareholder, Chen Rong, holding 25.35% of shares, equating to 38,200,000 shares[131]. - The second-largest shareholder, Xie Xiangwa, holds 19.44% of shares, amounting to 29,300,000 shares[131]. - The company has a total share count of 150,700,000, with 75.00% of shares held by domestic investors and 25.00% held by unrestricted shares[128]. Corporate Governance - The financial report for the first half of 2020 was not audited[162]. - The company appointed a new financial officer, Li Yanhong, on April 17, 2020, after the resignation of Chen Hengjun on March 31, 2020[154]. - The company reported no changes in the actual controller during the reporting period[141]. Miscellaneous - The company did not experience any significant changes in its main business during the reporting period[28]. - The company did not distribute cash dividends or bonus shares for the half-year period[76]. - There were no significant litigation or arbitration matters during the reporting period[80]. - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans[119].

Financial Performance - The company's operating revenue for Q1 2020 was ¥351,784,164.85, a decrease of 3.43% compared to ¥364,280,862.37 in the same period last year[10] - Net profit attributable to shareholders was ¥40,020,557.70, representing an increase of 8.34% from ¥36,940,125.86 year-on-year[10] - Basic earnings per share decreased by 18.73% to ¥0.2656, down from ¥0.3268 in the same period last year[10] - The company's weighted average return on equity was 2.41%, down 2.22% from 4.63% in the previous year[10] - The company reported a net profit margin of approximately 10.5% based on the total operating revenue and net income figures[66] - Total operating revenue for the current period was ¥286,970,068.47, an increase from ¥284,775,637.10 in the previous period, representing a growth of approximately 0.77%[77] - Operating profit for the current period reached ¥42,606,141.16, compared to ¥38,250,434.16 in the previous period, indicating an increase of about 6.16%[77] - Net profit attributable to the parent company was ¥40,020,557.70, up from ¥36,940,125.86, reflecting a growth of approximately 5.84%[73] - The total comprehensive income for the current period was ¥40,020,557.70, compared to ¥36,940,125.86 in the previous period, indicating an increase of approximately 5.84%[73] Cash Flow and Liquidity - The net cash flow from operating activities increased by 78.87% to ¥60,503,411.99, compared to ¥33,825,377.31 in the previous year[10] - Cash and cash equivalents increased by 51.61% to ¥289,168,956.39 from ¥190,730,514.31 due to good customer payment conditions and maturity of financial products[25] - Cash received related to operating activities surged by 283.49% to ¥3,366,414.58 from ¥877,830.43, driven by government subsidies and increased interest income[26] - Cash received from tax refunds increased by 65.73% to ¥6,851,602.00 from ¥4,134,180.93, mainly due to an increase in export tax rebates[26] - The company reported a net increase in cash and cash equivalents of CNY 99,998,637.78, contrasting with a decrease of CNY 53,801,903.22 in the previous period[87] - Cash and cash equivalents at the end of the period totaled CNY 254,937,528.12, compared to CNY 120,893,850.84 at the end of the previous period[87] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,292,074,883.45, a decrease of 2.61% from ¥2,353,529,594.70 at the end of the previous year[10] - Current assets totaled CNY 1,105,663,662.15, down from CNY 1,126,444,131.85, reflecting a decrease of approximately 1.5%[60] - Total liabilities decreased to CNY 492,932,878.80 from CNY 552,940,913.44, indicating a reduction of about 10.9%[66] - The bank's total assets as of March 31, 2020, were 2,292,074,883.45 yuan, a decrease from 2,353,529,594.70 yuan year-on-year[52] - The bank's accounts receivable decreased to 357,350,248.29 yuan from 486,913,373.96 yuan year-on-year[50] - The bank's accounts payable decreased to 364,417,773.68 yuan from 436,261,149.20 yuan year-on-year[52] - The bank's non-current liabilities totaled CNY 3,746,267.39, down from CNY 4,236,384.88, indicating a decrease of about 11.5%[66] Investments and Expenses - Investment cash outflow increased significantly by 3012.50% to ¥498,000,000.00 from ¥16,000,000.00, due to increased principal for short-term financial management[26] - Research and development expenses for the current period were ¥9,302,667.78, down from ¥10,168,241.33, showing a reduction of approximately 8.50%[77] - Financial expenses improved significantly, with a net income of -¥407,114.86 compared to ¥2,267,824.50 in the previous period, indicating a positive change[77] - Tax expenses for the current period were ¥5,720,593.59, up from ¥4,656,116.25, reflecting an increase of about 22.83%[77] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,461, with the top ten shareholders holding significant stakes[16] - The company has no overdue commitments from actual controllers, shareholders, related parties, acquirers, or other parties during the reporting period[30] - The company has no securities investments during the reporting period[31]

Financial Performance - The company's operating revenue for 2019 was CNY 1,597,121,555.32, representing an increase of 8.07% compared to CNY 1,477,822,952.69 in 2018[37]. - The net profit attributable to shareholders for 2019 was CNY 151,247,296.62, which is a 7.36% increase from CNY 140,872,708.50 in 2018[37]. - The net cash flow from operating activities decreased by 29.41% to CNY 56,085,681.12 from CNY 79,450,526.94 in the previous year[37]. - Total assets at the end of 2019 reached CNY 2,353,529,594.70, marking a 68.81% increase from CNY 1,394,204,438.98 at the end of 2018[40]. - The net assets attributable to shareholders increased by 108.17% to CNY 1,622,409,175.31 from CNY 779,383,606.97 in 2018[40]. - The basic earnings per share for 2019 was CNY 1.2678, reflecting a 1.72% increase from CNY 1.2464 in 2018[37]. - The company experienced a decrease in the weighted average return on equity to 15.59% from 19.87% in 2018, a decline of 4.28%[37]. - The net profit after deducting non-recurring gains and losses for 2019 was CNY 145,992,482.42, a slight decrease of 1.14% from CNY 147,681,463.62 in 2018[37]. - The company reported a significant increase in competition within the precision stamping mold and metal structural parts industry, necessitating timely business expansion and technology updates[12]. Dividend Policy - The company plans to distribute a cash dividend of RMB 3.1 per 10 shares, totaling RMB 46,717,000 (including tax) based on a total share capital of 150,700,000 shares as of December 31, 2019[7]. - The net profit attributable to the parent company for 2019 was RMB 151,247,296.62, with a distributable profit of RMB 581,960,272.36 after statutory surplus reserves[153]. - The company did not distribute cash dividends in 2018 and 2017, indicating a shift in dividend policy in 2019[150]. - The cash dividend distribution plan for 2019 requires approval from the annual general meeting of shareholders[153]. - The company commits to strictly executing its dividend policy to ensure timely and continuous shareholder returns[166]. Market and Industry Conditions - In 2019, China's automobile production and sales experienced a decline of 7.5% and 8.2%, respectively, with total production at 25.721 million vehicles and sales at 25.769 million vehicles[13]. - The company’s future performance is contingent on the recovery of the automotive industry, which has shown signs of negative growth in recent years[13]. - The company faces risks from macroeconomic fluctuations that could negatively impact demand in the automotive and electronic equipment sectors, which are critical to its business[11]. - The company’s main export markets include Germany, Japan, the USA, Mexico, and the UK, and is subject to risks from trade policies and economic conditions in these regions[14]. - The automotive industry faced challenges in 2019, with production and sales declining by 7.5% and 8.2% respectively, yet the company maintained a positive growth trajectory[79]. Research and Development - The company has over 300 authorized patents, including 19 invention patents, showcasing its strong focus on R&D in precision stamping molds and metal structural components[58]. - The company has developed advanced automation technologies for precision progressive molds, significantly improving production efficiency and reducing material usage by 5%-20%[59]. - The company has established a specialized team for ultra-high strength steel and aluminum-magnesium alloy mold forming technology, addressing challenges in the lightweight automotive materials sector[60]. - The R&D team has developed advanced manufacturing processes that reduce production cycles by approximately one-third compared to traditional methods[65]. - Research and development expenses increased by 18.19% to ¥54,765,109.01, indicating a continued commitment to innovation[102]. - The number of R&D personnel rose by 17.12% to 171, accounting for 6.25% of total employees[104]. Operational Efficiency and Cost Management - The company plans to enhance operational efficiency and reduce costs to improve business performance, including optimizing management processes and increasing investment in core business[166]. - The company aims to increase sales revenue and net profit to mitigate the risk of immediate return dilution following the public offering[166]. - The company will actively invest in technology research and innovation to improve product quality and craftsmanship[166]. - The company will seek opportunities for industry cooperation to expand product capacity and market influence[166]. Strategic Partnerships and Customer Base - The company maintains long-term partnerships with major automotive parts manufacturers, including Valeo, Mahle, and Bosch, and has become a qualified supplier for well-known automakers like Toyota and Nissan[54]. - The company has established long-term strategic partnerships with major automotive manufacturers, enhancing its market position[66]. - The automotive mold division will focus on expanding its domestic and international customer base while enhancing core product technology levels[137]. Risks and Compliance - The company is exposed to foreign exchange risks due to its reliance on international currencies for exports, which can impact its profit margins[17]. - The company has committed to strictly adhere to the regulations regarding related party transactions and ensure they are conducted at fair market prices[172]. - The company has guaranteed that it will bear any penalties or losses related to the failure to timely and fully pay social insurance and housing funds for its employees prior to the IPO[175]. - The company has ensured that the profits available for distribution before the IPO will be shared proportionally by both new and existing shareholders[175]. Asset Management - The total amount of raised funds in 2019 was CNY 691.79 million, with CNY 103.99 million utilized during the reporting period[124]. - The company plans to invest CNY 5.5 billion of idle raised funds in cash management products with high safety and liquidity[128]. - The company has committed a total of CNY 366.31 million for the construction of a large precision automotive mold and component production base, with CNY 10.40 million invested so far, achieving 28.39% of the investment progress[125]. - The company will manage raised funds according to relevant laws and regulations to mitigate risks associated with fund usage[166]. Corporate Governance - The company has committed to not transferring or managing shares held by major shareholders for a specified period following the IPO[157]. - The company has maintained strict compliance with commitments made regarding share transfer restrictions by major shareholders and executives[157]. - The company will strictly adhere to the commitment of not reducing shareholdings below the initial public offering price within two years after the lock-up period ends[160]. - The company did not face any major litigation or arbitration matters during the reporting period[187]. - There were no penalties or rectification situations during the reporting period[188].