广东派生智能科技股份有限公司 2022 年第三季度报告 证券代码：300176 证券简称：派生科技 公告编号：2022-061 广东派生智能科技股份有限公司 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 1 广东派生智能科技股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 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。 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 434,544,790.01 | 41.0 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥680,813,914.38, representing a 15.20% increase compared to ¥590,970,993.01 in the same period last year[24]. - The net loss attributable to shareholders was ¥20,849,711.03, a decline of 171.53% from a loss of ¥7,678,674.26 in the previous year[24]. - The net cash flow from operating activities increased by 21.38% to ¥45,130,307.08, up from ¥37,181,867.23 in the previous year[24]. - Total assets at the end of the reporting period were ¥2,001,047,684.66, reflecting a 6.41% increase from ¥1,880,419,241.73 at the end of the previous year[24]. - The company's weighted average return on net assets was -2.36%, compared to -0.81% in the same period last year, indicating a significant decline of 191.36%[24]. - The basic and diluted earnings per share were both -¥0.0538, a decrease of 171.72% from -¥0.0198 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was -¥21,643,694.49, a decline of 139.05% from -¥9,053,908.43 in the previous year[24]. - The company's revenue for the reporting period reached ¥680,813,914.38, representing a year-on-year increase of 15.20% compared to ¥590,970,993.01 in the previous year[51]. - The company's revenue from traditional fuel die-casting parts reached ¥541,919,982.11, an increase of 17.08% year-on-year, while the gross margin decreased by 6.38% to 4.70%[54]. - Revenue from new energy die-casting parts was ¥74,405,394.77, reflecting a significant growth of 63.26% year-on-year, with a gross margin of 16.02%[54]. Research and Development - The company's R&D investment increased by 45.31% to ¥33,369,219.69, driven by increased projects at its subsidiaries in Zhaoqing and Taishan[51]. - The company is increasing R&D investments to enhance its technological capabilities and reduce reliance on the U.S. market, aiming to develop clients in other regions[73]. - The company has obtained 14 invention patents and 118 utility model patents in the aluminum alloy precision die-casting sector[40]. Market and Industry Context - In the first half of 2022, China's automobile production and sales reached 12.12 million and 12.06 million units, respectively, with year-on-year declines of 3.7% and 6.6%[33]. - The market share of new energy vehicles reached 21.6%, with production and sales increasing by 120% year-on-year[33]. - The company aims to embrace the "dual carbon" strategy and focus on product structure optimization and technological innovation[38]. Operational Risks and Challenges - The company faces risks related to potential changes in control due to the judicial freezing of shares held by major shareholders[4]. - The company faces risks from industry regulations and policies that may impact its aluminum alloy die-casting business, particularly regarding restrictions on automobile consumption[72]. - The ongoing global pandemic poses risks to operations, with the company actively seeking to optimize its market structure to minimize impacts[78]. - Rising costs related to production and development may impact financial performance, prompting the company to optimize resource allocation and financing methods[75]. - The company is implementing measures to mitigate risks from raw material price fluctuations and potential price reductions from clients[76]. Corporate Governance and Social Responsibility - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company donated an ambulance to support the local healthcare development, demonstrating its commitment to corporate social responsibility[92]. - The company has established an emergency response plan for environmental incidents, which has been filed with local environmental protection authorities[90]. - The company has a dedicated environmental laboratory for self-monitoring of wastewater and air emissions[91]. - The company has complied with national environmental protection regulations for all construction projects[89]. Financial Management and Structure - The total liabilities increased to CNY 1,127,474,365.59, compared to CNY 985,996,211.63 at the beginning of the year, indicating an increase of approximately 14.3%[152]. - The equity attributable to shareholders decreased to CNY 873,573,319.07 from CNY 894,423,030.10, a decline of about 2.9%[152]. - The company has a strong management team focused on talent acquisition and development, which supports its business expansion[47]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[96]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[105]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 22,177[136]. - Guangdong Shuo Bo Investment Development Co., Ltd. holds 23.55% of shares, totaling 91,221,152 shares, which are frozen[136]. - The total number of unrestricted sale condition shares is 386,332,097, accounting for 99.76% of total shares[134]. - The company has not reported any changes in the shareholding structure of the controlling shareholder during the reporting period[140]. Compliance and Auditing - The semi-annual financial report has not been audited[98]. - The financial statements for the first half of 2022 were approved by the fifth board of directors on August 29, 2022[189]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements accurately reflect its financial position as of June 30, 2022[194].

Financial Performance - The company achieved operating revenue of CNY 1,286.55 million, a year-on-year increase of 9.66%, but reported a net loss of CNY 47.52 million, a decrease of 327.55% compared to the previous year[6]. - The company’s full subsidiary, Yuanjian Precision, reported a net loss of CNY 44.30 million, which significantly impacted the overall net profit[8]. - The net profit attributable to shareholders for 2021 was a loss of approximately ¥47.52 million, a decrease of 327.55% from a profit of ¥15.54 million in 2020[31]. - The total profit for the period was -5,463.26 million yuan, a decrease of 305.52% compared to the previous year's profit of 2,658.23 million yuan[68]. - The net profit attributable to shareholders was -4,751.66 million yuan, down 327.55% from the previous year's net profit of 2,088.17 million yuan[68]. - The net cash flow from operating activities for 2021 was approximately ¥64.33 million, down 45.80% from ¥118.69 million in 2020[31]. - The company reported a significant decline in the weighted average return on equity, which was -5.12% in 2021 compared to 1.71% in 2020[31]. Market and Industry Trends - The automotive industry in China saw production and sales of 26.08 million and 26.28 million vehicles respectively in 2021, marking increases of 3.4% and 3.8% year-on-year, with new energy vehicles achieving a market share of 13.4%[10]. - The sales of new energy vehicles exceeded 3.5 million units in 2021, with a market share rising to 13.4%, indicating a shift from policy-driven to market-driven growth[108]. - The government has set a target for new energy vehicles to account for approximately 20% of total vehicle sales by 2025, indicating a strong policy support for the industry[48]. - The automotive manufacturing industry’s total profit increased by 1.9% year-on-year in 2021, reflecting a recovery trend in the sector[44]. Operational Challenges - Major reasons for the loss include significant increases in raw material prices, particularly aluminum alloy ingots, and a substantial rise in export shipping costs, which impacted net profit[7][8]. - The company incurred credit impairment losses and asset impairment losses totaling CNY 24.04 million during the reporting period, which significantly affected net profit[8]. - The cost of raw materials increased by 37.79% to ¥675,499,384.86, representing 61.89% of total operating costs[84]. - The company is exposed to raw material price volatility, particularly aluminum, and has implemented a price linkage mechanism with clients to manage this risk[125]. Strategic Focus and Future Plans - The company plans to focus on technological innovation and product structure optimization to enhance competitiveness in the context of the growing new energy vehicle market[15]. - The company aims to leverage the "dual carbon" strategy to improve product quality and efficiency in response to market demands[15]. - The company plans to continue expanding its new energy vehicle components and structural parts business, aiming to enhance sales and product value[51]. - The company aims to enhance its market share in the new energy vehicle components sector by actively developing new customers and orders, particularly in the new energy vehicle industry[113]. - The company has increased R&D investment to enhance its technological capabilities and product structure, aiming to reduce reliance on U.S. customers and expand into other regions such as Europe and Japan[122]. Research and Development - The company initiated 59 new R&D projects, focusing on various components including engine covers and electric control housings[72]. - The company has developed a rapid response R&D team to shorten the product development cycle, ensuring timely delivery of samples to clients[59]. - Research and development expenditure amounted to ¥45,774,564.86 in 2021, representing 3.56% of operating revenue, a decrease from 4.02% in 2020[93]. - The number of R&D personnel decreased by 2.81% from 285 in 2020 to 277 in 2021, with the proportion of R&D personnel remaining stable at approximately 10.39%[92]. Governance and Compliance - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate information for all shareholders[140]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[135]. - The company has established a comprehensive internal control system to ensure compliance with governance standards and effective operational management[132]. - The company has committed to maintaining transparent performance evaluation and incentive mechanisms for its management team[137]. Human Resources - The company achieved operating revenue of 128,655.39 million yuan, a year-on-year increase of 9.66%[68]. - The company introduced 203 new talents with college degrees or above during the reporting period, enhancing its human resource capabilities[76]. - The company had a total of 2,667 employees at the end of the reporting period, with 1,444 in production, 401 in technical roles, and 286 in management[173]. Environmental and Social Responsibility - The company actively participated in environmental protection and fulfilled its corporate social responsibilities[192]. - The company was not classified as a key pollutant discharge unit and did not face any significant environmental penalties[191]. Financial Management - The company does not plan to distribute cash dividends, issue bonus shares, or increase capital using reserves[18]. - The company has a clear and independent asset ownership structure, ensuring clarity in property rights[142]. - The company has committed to avoiding unnecessary related party transactions and ensuring transparency and fairness in necessary transactions[196].

Revenue and Profitability - Revenue for Q1 2022 reached ¥392,491,491.32, an increase of 24.07% compared to ¥316,343,396.04 in the same period last year[3] - Net profit attributable to shareholders was -¥17,232,016.79, a decrease of 317.24% from ¥7,932,242.57 in the previous year[3] - The total operating revenue for Q1 2022 was RMB 392,491,491.32, an increase of 24.0% compared to RMB 316,343,396.04 in the same period last year[17] - The net profit for Q1 2022 was -17,232,016.79 CNY, compared to a net profit of 7,932,242.57 CNY in the same period last year, indicating a significant decline[18] - Operating profit for Q1 2022 was -23,025,015.03 CNY, down from 12,628,033.61 CNY in Q1 2021[18] - The total comprehensive income for Q1 2022 was -17,232,016.79 CNY, down from 7,932,242.57 CNY in the previous year[19] Costs and Expenses - The total operating costs for Q1 2022 were RMB 415,773,570.87, up 36.8% from RMB 304,204,735.35 in Q1 2021[17] - The gross profit margin decreased to approximately 6.4% in Q1 2022 from the previous year's margin, indicating increased cost pressures[17] - Research and development expenses increased by 47.32% to ¥16,521,438.37, driven by higher R&D costs at the Zhaoqing subsidiary[6] - The company incurred a total of 5,150.27 CNY in non-operating expenses during the quarter, compared to 851,164.05 CNY in the same period last year[18] Cash Flow and Liquidity - Operating cash flow for the quarter was ¥34,778,482.70, representing a significant increase of 239.09% from ¥10,256,490.99 in the same period last year[7] - Cash and cash equivalents at the end of Q1 2022 were RMB 149,433,590.96, up 11.5% from RMB 133,551,752.66 at the beginning of the year[13] - Cash and cash equivalents at the end of Q1 2022 amounted to 148,679,377.13 CNY, down from 252,553,990.59 CNY at the end of the previous year[22] - Cash flow from operating activities generated a net cash inflow of 34,778,482.70 CNY, an increase from 10,256,490.99 CNY in the previous year[22] - The company reported a cash outflow from investing activities of -37,892,917.71 CNY, compared to -14,468,823.91 CNY in the same quarter last year[22] - Cash flow from financing activities generated a net inflow of 19,657,783.19 CNY, a decrease from 58,372,297.96 CNY in Q1 2021[22] Assets and Liabilities - Total assets at the end of the quarter were ¥1,963,366,660.52, up 4.41% from ¥1,880,419,241.73 at the end of the previous year[3] - The total assets as of the end of Q1 2022 were RMB 1,963,366,660.52, compared to RMB 1,880,419,241.73 at the beginning of the year, marking a growth of 4.4%[16] - The total liabilities increased to RMB 1,086,175,647.21, up from RMB 985,996,211.63, representing a rise of 10.2%[15] - Accounts receivable increased to RMB 356,169,247.26, a rise of 4.8% from RMB 340,627,595.76 at the start of the year[13] - Inventory levels rose to RMB 385,294,620.22, reflecting a 10.0% increase from RMB 350,391,276.08 at the beginning of the year[14] Shareholder Information - The company recorded a total of 23,460 common shareholders at the end of the reporting period[9] - The top shareholder, Guangdong Shuo Bo Investment Development Co., Ltd., holds 23.55% of the shares, totaling 91,221,152 shares[9] Other Information - The company did not report any non-recurring gains or losses beyond the specified items in the financial report[5] - The company's net profit for Q1 2022 has not been explicitly stated, but the increase in costs suggests potential pressure on profitability moving forward[17] - The company plans to continue its focus on R&D, with R&D expenses amounting to RMB 16,521,438.37, an increase of 47.5% from RMB 11,214,786.17 in the previous year[17] - Total revenue from sales of goods and services was 338,867,575.62 CNY, compared to 322,536,257.27 CNY in the same quarter last year, reflecting a growth of approximately 5.2%[20]

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。 广东派生智能科技股份有限公司 2021 年第三季度报告 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。 证券代码：300176 证券简称：派生科技 公告编号：2021-047 广东派生智能科技股份有限公司 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。 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 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 307,989,901.79 | -8.92% | 898,960,894.80 | 8 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥590,970,993.01, representing a 20.01% increase compared to ¥492,443,055.65 in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2021 was ¥3,537,442.70, a significant turnaround from a loss of ¥3,403,536.91 in the previous year, marking a 203.93% increase[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,162,208.53, compared to a loss of ¥4,974,603.80 in the same period last year, reflecting a 143.46% improvement[24]. - The net cash flow from operating activities was ¥37,181,867.23, a recovery from a negative cash flow of ¥114,778,911.63 in the previous year, indicating a 132.39% increase[24]. - Basic earnings per share for the first half of 2021 were ¥0.0091, compared to a loss of ¥0.0088 per share in the same period last year, representing a 203.41% increase[24]. - The total profit for the first half of 2021 was ¥10,518,714.48, compared to a loss of ¥1,330,780.60 in the first half of 2020[163]. - The company reported a tax expense of ¥6,981,271.78, which increased from ¥2,072,756.31 in the same period of the previous year[163]. - The company incurred research and development expenses of ¥22,963,899.91, slightly down from ¥23,710,530.39 in the previous year[161]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,898,153,058.12, a slight decrease of 0.68% from ¥1,911,174,208.94 at the end of the previous year[24]. - The net assets attributable to shareholders at the end of the reporting period were ¥942,409,533.98, showing a 0.86% increase from ¥934,372,091.28 at the end of the previous year[24]. - Total liabilities decreased to CNY 955,743,524.14 from CNY 976,802,117.66, a reduction of about 2.2%[155]. - The company's total assets as of June 30, 2021, were CNY 1,898,153,058.12, down from CNY 1,911,174,208.94 at the end of 2020, representing a decrease of approximately 0.7%[156]. - Short-term borrowings rose to CNY 367,414,850.74 from CNY 332,670,274.63, an increase of approximately 10.4%[155]. Market and Industry Trends - In the first half of 2021, global automotive sales reached approximately 40.97 million units, a year-on-year increase of 26%[33]. - In China, automotive production and sales for the first half of 2021 were 12.57 million and 12.89 million units, respectively, representing year-on-year growth of 24.2% and 25.6%[33]. - The aluminum alloy precision die-casting industry is projected to continue growing, with China's automotive parts manufacturing revenue expected to reach CNY 5.7 trillion by 2024[36]. - The automotive lightweighting trend is expected to increase the demand for aluminum components, with projected aluminum usage per vehicle reaching 350 kg by 2030[35]. Research and Development - The company has accumulated 12 invention patents and 76 utility model patents in its aluminum alloy precision die-casting business, with 25 invention patents and 27 utility model patents currently under review[38]. - The company initiated 36 new R&D projects in the first half of 2021, focusing on various components including new energy electric control shells[53]. - The company has established a standardized and systematic management for R&D, significantly shortening the new product development cycle to meet customer demands promptly[39]. - The company plans to enhance its research and development capabilities to improve its competitiveness in the high-end automotive parts market[77]. Strategic Initiatives - The company aims to optimize product structure and enhance technological innovation in response to the "dual carbon" strategy, which is expected to drive sustainable development[37]. - The company is focusing on the development of new energy products and project development to optimize its product and customer structure in response to the growing demand for new energy vehicles[75]. - The company has developed a smart manufacturing model integrating intelligent equipment and management processes, enhancing production efficiency[43]. Risks and Challenges - The company faces risks related to potential changes in control due to the judicial freezing of shares held by major shareholders[7]. - The company faces risks related to trade tensions, particularly with the U.S., which could impact sales and profitability due to increased tariffs on aluminum products[77]. - The company is experiencing management risks due to rapid expansion and is implementing a flat management structure to improve efficiency[82]. - Ongoing COVID-19 pandemic poses risks to market demand, prompting the company to explore new customer markets beyond the automotive sector[83]. - The subsidiary Vision Precision is facing significant uncertainty regarding its ability to continue operations due to ongoing losses and high debt levels[84]. Shareholder and Governance Issues - The company has not distributed cash dividends or conducted any employee incentive plans during the reporting period[90][91]. - The largest shareholder, Guangdong Shuo Bo Investment Development Co., Ltd., holds 23.55% of the shares, totaling 91,221,152 shares, which are currently frozen[137]. - The second-largest shareholder, Zhou Zhantao, holds 5.68% of the shares, totaling 22,000,000 shares, which are also frozen[137]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[144]. Environmental and Compliance Issues - The company has faced environmental penalties for exceeding wastewater discharge limits, with fines totaling 150,000 RMB and 250,000 RMB for different violations[93]. - The company’s major subsidiary, Yuanjian Precision, received tax penalties from the local tax authority for tax violations during the reporting period[130]. Operational Efficiency - The company is actively addressing challenges such as rising raw material costs and chip shortages through improved management and operational efficiency[49]. - The company is optimizing resource allocation and enhancing cost control to improve the operational efficiency of its subsidiary Vision Precision[84]. - The company has implemented the APQP process for project development, ensuring timely and quality completion of projects according to customer requirements[40].

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.173 billion, a decrease of 22.32% compared to ¥1.510 billion in 2019[22]. - The net profit attributable to shareholders was ¥15.54 million, a significant recovery from a loss of ¥428.5 million in 2019[22]. - The net cash flow from operating activities was ¥118.69 million, improving from a negative cash flow of ¥8.16 million in the previous year[22]. - Basic earnings per share for 2020 were ¥0.0401, compared to a loss of ¥1.1064 per share in 2019[22]. - Total assets at the end of 2020 were approximately ¥1.911 billion, down 9.29% from ¥2.107 billion at the end of 2019[22]. - The net assets attributable to shareholders increased by 3.78% to ¥934.37 million from ¥900.33 million in 2019[22]. - The weighted average return on equity was 1.71%, recovering from -37.77% in the previous year[22]. - The company reported a total profit of 20.30 million yuan and a net profit attributable to shareholders of 15.54 million yuan, marking a turnaround from losses[54]. Revenue Breakdown - The company achieved total revenue of 1,173,250,063.02 CNY in 2020, with the automotive aluminum alloy die-casting business generating 1,110,385,001.72 CNY, a year-on-year decrease of 17.38%[35]. - The company reported a quarterly revenue breakdown, with Q4 revenue reaching approximately ¥342.64 million[24]. - The manufacturing sector contributed ¥1,039,205,267.16, accounting for 88.57% of total revenue, down 25.03% from the previous year[63]. - Revenue from traditional fuel die-casting parts was ¥931,842,525.84, representing 79.43% of total revenue, a decrease of 19.37% year-on-year[63]. - The company’s foreign market revenue was ¥432,749,539.02, which is 36.88% of total revenue, down 29.77% from the previous year[63]. - The company’s domestic market revenue was ¥606,455,728.14, accounting for 51.69% of total revenue, a decrease of 21.24% year-on-year[63]. Market Conditions - The automotive market in China saw a decline in production and sales, with 2020 figures at 25.225 million and 25.311 million vehicles, down 2.0% and 1.9% respectively compared to 2019[32]. - The automotive market in China saw a total production and sales volume of 25.23 million and 25.31 million vehicles in 2020, with a year-on-year decline of 2.0% and 1.9% respectively[53]. - The forecast for the Chinese automotive market suggests a recovery in 2021, with expected sales exceeding 26 million vehicles, indicating potential for future growth[33]. - The automotive lightweighting and new energy vehicle trends are expected to drive future growth in the aluminum alloy precision die-casting industry, with significant market potential[34]. R&D and Innovation - The company holds 10 invention patents and 58 utility model patents in the aluminum alloy precision die-casting sector, with 18 invention patents and 21 utility model patents currently under review[39]. - The company has established a standardized and systematic management approach for R&D, significantly shortening the product development cycle to meet customer demands[40]. - The company initiated 26 new R&D projects at Zhaoqing Hongte and 39 new projects at Taishan Hongte, focusing on components for traditional and new energy vehicles[59]. - Research and development expenses amounted to 47,180,317.50 CNY, representing 4.02% of total revenue, a decrease of 36.87% compared to the previous year[74]. - The company plans to increase R&D investment to enhance its technical capabilities and develop new materials and technologies, aiming to reduce reliance on U.S. customers and expand into other regions[100]. Operational Efficiency - The company has implemented advanced intelligent manufacturing technologies, including automation and real-time monitoring systems, to improve production efficiency[44]. - The company has established a comprehensive management system based on intelligent technology to optimize resource allocation and improve operational efficiency[54]. - The company emphasized the importance of management optimization and cost reduction, implementing a flat management structure to enhance operational efficiency[58]. - The company will implement measures to optimize resource allocation and improve production efficiency to manage rising costs[103]. Talent and Human Resources - The company introduced 99 new talents with higher education during the reporting period, focusing on building a high-quality talent pool[60]. - The company plans to continuously attract high-quality talent and enhance the skill level of its R&D personnel to strengthen its technological capabilities[46]. - A talent strategy will be implemented to ensure sustainable human resource development through self-training and external recruitment[97]. Financial Management - The company's cash and cash equivalents increased by 90.01% compared to the beginning of the period, primarily due to increased borrowings from financial institutions[37]. - The company's short-term borrowings rose by 147.30% compared to the beginning of the period, mainly due to increased bank loans from its subsidiary in Zhaoqing[38]. - The company will explore various financing channels to alleviate operational liquidity pressure and optimize its asset-liability structure[98]. - The company has committed to avoiding any business competition with its subsidiaries and ensuring fair and transparent related party transactions[115]. Environmental Compliance - The company has complied with national environmental protection regulations and obtained environmental completion acceptance for all construction projects[176]. - The company has established two sets of furnace flue gas treatment facilities in Zhaoqing and six sets in Taishan, all operating normally[176]. - The company has enhanced its environmental awareness and commitment to green development following the administrative penalty[179]. - The company has implemented an emergency response plan for environmental incidents, including risk source analysis and the establishment of an emergency team[178]. Shareholder and Governance Issues - The company has a three-year lock-up period for shares purchased by key individuals, ensuring stability in ownership[117]. - The company guarantees that it will not engage in any business that competes directly or indirectly with its subsidiaries[119]. - The company has established independent financial accounting departments and management systems to ensure financial independence[117]. - The company’s major shareholder, Shuo Bo Investment, had 100% of its shares judicially frozen, representing 23.55% of the total share capital[186]. - The company’s independent directors resigned for personal reasons, and new candidates were nominated to ensure the board's normal operation[185].

Financial Performance - The company's revenue for Q1 2021 was ¥316,343,396.04, representing a 29.92% increase compared to ¥243,499,899.14 in the same period last year[9] - The net profit attributable to shareholders was ¥3,142,357.50, a significant recovery from a loss of ¥19,236,220.83 in the previous year[9] - The company achieved operating revenue of 316.34 million yuan, a year-on-year increase of 29.92%, and net profit attributable to shareholders was 3.14 million yuan, marking a turnaround from loss to profit[17] - The net profit for Q1 2021 was ¥3,142,357.50, a significant recovery from a net loss of ¥19,236,220.83 in the same period last year[44] - Earnings per share for the current period was ¥0.0081, compared to a loss per share of ¥0.0497 in the previous year[45] - The company reported a gross profit of ¥6,502,554.16, recovering from a gross loss in the previous year[44] - The total comprehensive income for the first quarter was -1,343,598.52 CNY, compared to -2,806,999.11 CNY in the previous period, showing an improvement[49] - Basic and diluted earnings per share were both -0.0035 CNY, compared to -0.0072 CNY in the same period last year[49] Cash Flow and Assets - The net cash flow from operating activities decreased by 39.75% to ¥10,256,490.99 from ¥17,022,847.23 year-on-year[9] - Current assets increased to ¥938,907,939.19 as of March 31, 2021, up from ¥847,668,203.64 on December 31, 2020, representing an increase of approximately 10.9%[34] - Cash and cash equivalents rose to ¥252,605,775.52 from ¥201,279,005.89, marking a growth of about 25.5%[34] - Inventory increased significantly to ¥309,803,607.91, up from ¥256,772,309.22, reflecting a rise of approximately 20.6%[34] - The net cash flow from financing activities decreased by 51.87%, mainly due to increased cash payments for debt repayment compared to the previous year[16] - Cash inflow from operating activities totaled 336,002,775.72 CNY, down from 349,379,377.36 CNY in the previous year, representing a decrease of approximately 3.93%[52] - Cash outflow for purchasing goods and services was 226,859,946.07 CNY, compared to 251,278,426.85 CNY in the previous period, indicating a decrease of about 9.73%[52] - Cash flow from investing activities resulted in a net outflow of -14,468,823.91 CNY, compared to -13,993,353.14 CNY in the previous year[52] - Cash flow from financing activities generated a net inflow of 58,372,297.96 CNY, a decrease from 121,271,965.04 CNY in the previous period, representing a decline of about 51.92%[53] - The ending balance of cash and cash equivalents was 252,553,990.59 CNY, compared to 230,390,067.84 CNY at the end of the previous period, showing an increase of approximately 9.63%[53] Assets and Liabilities - The total assets at the end of the reporting period increased by 3.51% to ¥1,978,314,664.05 from ¥1,911,174,208.94 at the end of the previous year[9] - Total liabilities reached ¥1,036,300,215.27, compared to ¥976,802,117.66, indicating an increase of about 6.1%[36] - The company's equity attributable to shareholders increased to ¥942,014,448.78 from ¥934,372,091.28, reflecting a growth of approximately 0.7%[37] - The total liabilities to equity ratio stands at approximately 1.10, indicating a relatively stable leverage position[36] - The total liabilities increased to ¥650,374,825.51 from ¥596,101,938.57, indicating a rise in financial obligations[43] - Owner's equity totaled ¥849,015,624.69, slightly down from ¥850,359,223.21 in the previous period[43] Operational Insights - The company is closely monitoring global pandemic changes and the automotive industry development, actively taking measures to respond to market changes[17] - The company plans to increase R&D investment to enhance its technological capabilities and develop new materials and processes, aiming to optimize product and customer structure[20] - The company faces risks from industry regulations and policies that may impact its automotive aluminum alloy die-casting business, particularly if more restrictions on automobile consumption are implemented[19] - The company is exposed to risks from overseas market sales, particularly due to trade tensions and tariffs affecting its products in the U.S. market[19] - The company is implementing measures to mitigate risks from raw material price fluctuations, which account for approximately 40% of production costs[21] - The company is addressing management risks associated with its expanding operations by optimizing its organizational structure and enhancing internal management and risk control[23] - The company is actively exploring new customer markets in non-automotive sectors to reduce the impact of the ongoing global pandemic on its business[24] Shareholder Information - The company had a total of 28,297 common shareholders at the end of the reporting period[12] Research and Development - Research and development expenses were ¥11,214,786.17, down from ¥12,535,535.47, indicating a potential focus on cost management[43] Miscellaneous - The company did not undergo an audit for the first quarter report[58]

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.173 billion, a decrease of 22.32% compared to ¥1.510 billion in 2019[22]. - The net profit attributable to shareholders was ¥15.54 million, a significant recovery from a loss of ¥428.50 million in 2019[22]. - The net cash flow from operating activities was ¥118.69 million, improving from a negative cash flow of ¥8.16 million in the previous year[22]. - Basic earnings per share for 2020 were ¥0.0401, compared to a loss of ¥1.1064 per share in 2019[22]. - Total assets at the end of 2020 were approximately ¥1.911 billion, down 9.29% from ¥2.107 billion at the end of 2019[22]. - The net assets attributable to shareholders increased by 3.78% to approximately ¥934.37 million from ¥900.33 million in 2019[22]. - The weighted average return on equity was 1.71%, recovering from -37.77% in the previous year[22]. - The company reported a total profit of 20.30 million yuan and a net profit attributable to shareholders of 15.54 million yuan, marking a turnaround from losses[54]. - The company’s foreign market revenue was ¥432,749,539.02, which is 36.88% of total revenue, down 29.77% from the previous year[63]. - The domestic market revenue was ¥606,455,728.14, accounting for 51.69% of total revenue, a decrease of 21.24% year-on-year[63]. Revenue Breakdown - The company achieved total revenue of 1,173,250,063.02 CNY in 2020, with the automotive aluminum alloy die-casting business generating 1,110,385,001.72 CNY, a year-on-year decrease of 17.38%[35]. - The manufacturing sector contributed ¥1,039,205,267.16, accounting for 88.57% of total revenue, down 25.03% from the previous year[63]. - Sales of traditional fuel die-cast parts amounted to ¥931,842,525.84, representing 79.43% of total revenue, a decline of 19.37% year-on-year[63]. - The company reported a total sales volume for industrial products of 27,150.64 tons, a decrease of 26.76% compared to 37,073.01 tons in 2019[66]. Market Trends and Outlook - The automotive market showed signs of recovery in 2020, with a total production and sales volume of 25.225 million and 25.311 million vehicles, respectively, reflecting a decline of only 2.0% and 1.9% compared to 2019[32]. - The forecast for the automotive market in 2021 suggests a recovery with expected sales exceeding 26 million vehicles, indicating potential growth opportunities for the company[33]. - The automotive lightweighting and new energy vehicle trends are expected to drive future growth in the aluminum alloy precision die-casting industry[34]. - The company plans to focus on the development of aluminum alloy precision die-casting for both traditional and new energy vehicles, enhancing its market share in the latter[92]. R&D and Innovation - The company holds 10 invention patents and 58 utility model patents in its aluminum alloy precision die-casting business, with 18 invention patents and 21 utility model patents currently under review[39]. - The company has established a standardized and systematic management approach for its R&D work, significantly shortening the product development cycle[40]. - The company initiated 26 new R&D projects at Zhaoqing Hongte and 39 new projects at Taishan Hongte, focusing on components for traditional and new energy vehicles[59]. - The company plans to increase R&D investment to enhance its technological capabilities and develop new materials and processes to mitigate risks from U.S. trade tensions and tariffs[100]. Operational Efficiency - The company emphasized the importance of management optimization and cost reduction, implementing a flat management structure to enhance operational efficiency[58]. - The company has established a comprehensive management system based on intelligent technology to optimize resource allocation and improve operational efficiency[54]. - The company has invested in advanced intelligent manufacturing technologies, including automated production lines and real-time monitoring systems, to improve production efficiency[44]. - The company aims to optimize management and strengthen cost control to improve operational efficiency[94]. Financial Management and Capital Structure - The company's cash and cash equivalents increased by 90.01% compared to the beginning of the period, primarily due to increased borrowings from financial institutions[37]. - The company's short-term borrowings increased by 147.30% compared to the beginning of the period, mainly due to increased bank loans from its subsidiary in Zhaoqing[38]. - The company plans to explore various financing channels to alleviate operational liquidity pressure and optimize its capital structure[98]. - The company reported a total debt of RMB 367,558,356.79 owed by Xiaohuangdog Environmental Technology Co., Ltd., with a cash repayment plan approved on February 3, 2020[188]. Environmental Compliance and Sustainability - The company has complied with national environmental protection regulations and has obtained environmental completion acceptance for its construction projects[176]. - The company has established two sets of furnace flue gas treatment facilities in Zhaoqing and six sets in Taishan, all of which are operating normally[176]. - The company has implemented an emergency response plan for environmental incidents, including risk source analysis and the establishment of an emergency team[178]. - The company emphasizes its commitment to environmental protection and green development principles following the administrative penalty received[179]. Shareholder and Governance Issues - The company reported a commitment to maintain independence, ensuring that its management and financial operations are separate from related parties[117]. - The company has established an independent financial accounting department and management system to ensure financial independence[117]. - The company guarantees that it will not engage in any business that competes directly or indirectly with its subsidiaries[119]. - The company has a three-year lock-up period for shares purchased by key individuals, ensuring stability in ownership[117]. Legal and Regulatory Matters - The company’s major shareholder, Shuo Bo Investment, had 100% of its shares judicially frozen, representing 23.55% of the total share capital[186]. - The company’s independent directors resigned due to personal reasons, and new candidates were nominated to ensure the board's normal operation[185]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[132]. - There were no major litigation or arbitration matters reported for the year[138].

Financial Performance - Operating revenue for the reporting period was CNY 338,170,705.50, an increase of 6.03% year-on-year, while revenue for the year-to-date was CNY 830,613,761.15, a decrease of 28.34% compared to the same period last year[9]. - Net profit attributable to shareholders for the reporting period was CNY 6,878,120.21, with a year-to-date net profit of CNY 3,474,583.30[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,062,444.29, a decrease of 137.11% year-on-year, and year-to-date it was CNY 1,087,840.49, a decrease of 100.41%[9]. - Basic and diluted earnings per share for the reporting period were both CNY 0.0178, compared to CNY 0.0090 for the year-to-date[9]. - The weighted average return on equity was 0.76%, a decrease of 1.84% compared to the previous year[9]. - Total operating revenue for the current period is CNY 338,170,705.50, an increase from CNY 318,948,830.52 in the previous period[39]. - Net profit for the current period is CNY 6,878,120.21, a significant recovery from a net loss of CNY 11,895,489.50 in the previous period[41]. - Total comprehensive income for the current period is CNY 6,878,120.21, compared to a comprehensive loss of CNY 11,895,489.50 in the previous period[42]. - Year-to-date total operating revenue is CNY 830,613,761.15, down from CNY 1,159,091,168.37 in the same period last year[47]. - The net profit for Q3 2020 was 3,474,583.30 CNY, a significant improvement compared to a net loss of 254,150,355.01 CNY in the same period last year[49]. - The total profit for Q3 2020 reached 8,086,658.82 CNY, contrasting with a total loss of 285,958,557.09 CNY in Q3 2019[49]. - The operating profit for Q3 2020 was 6,315,275.60 CNY, compared to an operating loss of 287,111,118.84 CNY in the previous year[49]. - The total comprehensive income for Q3 2020 was 3,474,583.30 CNY, compared to a comprehensive loss of 254,150,355.01 CNY in Q3 2019[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,047,218,824, a decrease of 2.83% compared to the end of the previous year[9]. - Current assets totaled CNY 947,400,107.27, showing an increase from CNY 910,932,751.60, representing a growth of about 4.99%[32]. - The company’s non-current assets totaled CNY 1,099,818,716.73, down from CNY 1,195,974,617.74, indicating a decrease of approximately 8.02%[32]. - Total liabilities decreased to CNY 1,133,914,227.35 from CNY 1,206,577,355.99, a reduction of approximately 6.05%[33]. - The company's equity attributable to shareholders increased to CNY 913,304,596.65 from CNY 900,330,013.35, reflecting a growth of about 1.08%[34]. - The total liabilities to equity ratio stands at approximately 1.34, indicating a higher level of debt compared to equity[66]. - The total current liabilities represent approximately 52.1% of total assets, indicating a significant reliance on short-term financing[66]. Cash Flow - The net cash flow from operating activities for the reporting period was CNY 124,444,822.49[9]. - Cash and cash equivalents increased by 122.73% to ¥235,945,103.86 from ¥105,931,972.52 due to increased borrowings from financial institutions[17]. - Operating cash flow turned positive with a net amount of ¥9,665,910.86 compared to a negative ¥5,290,767.48 in the same period last year[19]. - Net cash flow from financing activities was ¥149,377,693.89, a significant improvement from a negative ¥234,042,711.12 in the previous year[19]. - The net cash flow from operating activities for Q3 2020 was ¥9,665,910.86, a significant improvement compared to a net outflow of ¥5,290,767.48 in Q3 2019[57]. - Total cash inflow from operating activities was ¥968,304,138.58, while cash outflow was ¥958,638,227.72, resulting in a net cash flow of ¥9,665,910.86[57]. - Cash inflow from financing activities was ¥518,180,000.00, while cash outflow was ¥368,802,306.11, leading to a net cash inflow of ¥149,377,693.89[58]. Expenses - Research and development expenses decreased by 37.87% to ¥34,903,001.03 from ¥56,181,539.37, impacted by project delays due to the COVID-19 pandemic[18]. - Other income dropped by 78.83% to ¥2,322,969.55 from ¥10,971,411.55, mainly due to a reduction in government subsidies received[18]. - The company reported a significant decrease in management expenses by 35.85% to ¥46,472,154.57 from ¥72,445,962.78, reflecting cost-cutting measures[18]. - Financial expenses increased to CNY 12,234,734.82 from CNY 6,612,688.20, with interest expenses rising to CNY 9,290,831.82 from CNY 8,267,014.05[40]. - Tax expenses for the current period are CNY 2,539,319.21, compared to a tax benefit of CNY 642,156.07 in the previous period[41]. - The management expenses for the year-to-date period were 2,943,568.07 CNY, down from 13,817,900.49 CNY in the previous year[52]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,642[13]. - The largest shareholder, Guangdong Shuo Bo Investment Development Co., Ltd., held 23.55% of the shares, totaling 91,221,152 shares[13]. - The company reported no significant changes in the number of restricted shares during the reporting period[15]. - The company has no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[25][26]. Other Information - The company completed the debt repayment agreement with Xiaohuang Dog Environmental Technology Co., Ltd., totaling ¥367,558,356.79, with a combination of cash repayment and debt-to-equity swaps[22]. - The company reported a decrease in interest expenses to 27,224,062.76 CNY from 29,611,533.70 CNY year-over-year[49]. - The company experienced a credit impairment loss of 58,087.11 CNY, a significant reduction from 267,501,656.85 CNY in the same period last year[49]. - The company has not undergone an audit for the third quarter report[70].