投资者关系活动记录表 证券代码：300337 证券简称：银邦股份 银邦金属复合材料股份有限公司投资者关系活动记录表 | --- | --- | --- | |---------------|------------------------------------------------------|-------------------------| | | | | | 投资者 关系活 | □特定对象调研 | □分析师会议 | | 动类别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □ √ 其他 （ 线上交流会 | | | 参与单 位名称 | 详见附件参与人员名单 | | | 及人员姓名 | | | | 时间 | 2022 年 10 月 26 日 | 16:00-17:00 21:00-22:00 | | 地点 | 线上：电话会议 | | | 上市公 司接待 | 副总经理、董事：张稷； | | | 人员姓名 | 证券事务代表：顾丹红 | | | | 第一部分：副总经理简单介绍公司 和发展情况； | 2022 年三季度生产经营 | | 投资 ...

Revenue and Profitability - Revenue for Q3 2022 reached ¥1,000,431,534.03, an increase of 26.36% compared to the same period last year[6] - Net profit attributable to shareholders was -¥20,950,654.70, a decrease of 477.46% year-on-year[6] - Net profit excluding non-recurring items was -¥36,935,082.96, a decrease of 1,186.97% compared to the previous year[6] - The company reported a 31.63% increase in revenue year-to-date, totaling ¥2,907,510,267.76, driven by increased sales of aluminum-based products[12] - The total operating revenue for the third quarter was CNY 2,907,510,267.76, an increase of 31.5% compared to CNY 2,208,918,577.84 in the same period last year[27] - The net profit for the period was CNY 68,647,609.21, representing a significant increase from CNY 24,900,871.79 in the previous year[29] - Basic and diluted earnings per share were both 0.0846 CNY, up from 0.0302 CNY in the previous period, indicating improved profitability[32] Operating Performance - Operating cash flow for the year-to-date was ¥232,740,662.56, an increase of 363.62% year-on-year[6] - The net cash flow from operating activities for the reporting period was significantly improved, reflecting increased sales collections[13] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity[27] - Cash flow from operating activities generated a net amount of 232,740,662.56 CNY, a turnaround from a negative cash flow of -88,285,190.97 CNY in the previous period[33] - Cash received from the sale of goods and services was 2,935,235,931.90 CNY, an increase from 2,145,756,929.25 CNY year-over-year[33] - The company reported a total cash inflow from operating activities of 3,031,896,958.83 CNY, compared to 2,203,579,052.62 CNY in the previous period[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,818,544,798.32, a 2.72% increase from the end of the previous year[6] - The total assets of the company were CNY 3,818,544,798.32, compared to CNY 3,717,331,191.77 at the end of the previous period[26] - The total liabilities increased to CNY 2,262,445,785.30 from CNY 2,213,444,178.24 year-on-year[26] - The equity attributable to the parent company was CNY 1,571,962,303.52, up from CNY 1,518,842,922.00 in the previous year[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,115[17] - The largest shareholder, Wuxi Xinbang Technology Co., Ltd., holds 20.10% of shares, totaling 164,466,192 shares[17] - The second-largest shareholder, Shen Jiansheng, holds 17.91% of shares, totaling 147,197,621 shares[17] - The top ten shareholders include a mix of private and state-owned entities, with Shen Jiansheng and Shen Yulan being identified as acting in concert[17] - The company has a total of 8,957,608 shares, with actual holdings of 8,960,808 shares by individual shareholder Guo Shengwu[19] Cash Flow and Investments - The net cash flow from investment activities was -14,365,765.18 CNY, compared to -3,986,959.07 CNY in the previous period, indicating increased investment outflows[35] - Cash flow from financing activities resulted in a net outflow of -226,949,910.33 CNY, compared to -3,950,292.17 CNY in the previous period, reflecting higher debt repayments[35] - The company received 1,375,873,459.78 CNY from borrowings, a decrease from 1,816,377,298.39 CNY in the previous period, indicating reduced financing activity[35] Research and Development - Research and development expenses reached CNY 98,033,976.55, an increase of 32.3% compared to CNY 74,104,003.05 in the same period last year[27] Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[27] Miscellaneous - The company has not reported any changes in restricted shares during the period[20] - The company did not undergo an audit for the third quarter report[36]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,907,078,733.73, representing a 34.57% increase compared to ¥1,417,204,123.47 in the same period last year[29]. - Net profit attributable to shareholders was ¥90,505,645.94, a significant increase of 369.73% from ¥19,267,741.59 in the previous year[29]. - The net profit after deducting non-recurring gains and losses reached ¥80,009,129.39, up 494.78% from ¥13,451,823.43 year-on-year[29]. - The net cash flow from operating activities was ¥59,241,449.37, a remarkable turnaround from a negative cash flow of -¥3,305,792.27 in the previous year, marking a 1,892.05% increase[29]. - Basic and diluted earnings per share were both ¥0.1101, reflecting a 370.51% increase compared to ¥0.0234 in the same period last year[29]. - The weighted average return on equity was 5.82%, up 4.53% from 1.29% in the previous year[29]. - Total assets at the end of the reporting period were ¥3,847,652,236.24, a 3.51% increase from ¥3,717,331,191.77 at the end of the previous year[29]. - Net assets attributable to shareholders increased by 4.88% to ¥1,592,914,363.87 from ¥1,518,842,922.00 at the end of the previous year[29]. Revenue Breakdown - Domestic main business revenue was 1.3297683 billion yuan, up 19.18% year-on-year, while international revenue reached 567.0829 million yuan, growing by 94.64%[38]. - Revenue from products in the new energy vehicle sector was 507.4077 million yuan, a year-on-year increase of 237.04%, accounting for 26.61% of total operating revenue[41]. - The company's operating income for the aluminum series reached ¥1,818,747,016.39, an increase of 40.26% compared to the same period last year[67]. Contracts and Partnerships - The company signed a memorandum of cooperation with CATL to supply a minimum of 361,800 tons of battery cooling plate materials from 2022 to 2026[41]. - A three-year commercial contract was signed with Valeo Group, with an estimated contract value of 2 billion yuan for supplying aluminum composite and non-composite materials[41]. - The total amount of significant contracts established by the company is 200,000,000 CNY with Valeo and its suppliers, with a performance progress of 13.98% and sales revenue recognized in the current period amounting to 27,954,000 CNY[149]. Research and Development - The company has applied for a total of 159 patents, including 143 invention patents, and has been recognized as a high-tech enterprise by the Jiangsu Provincial Science and Technology Department[54]. - Research and development expenses increased by 23.09% to ¥60,072,619.96, reflecting the company's commitment to innovation[66]. Risk Management - The management has highlighted potential risks and corresponding mitigation strategies in the report[5]. - The company faces macroeconomic risks due to global economic recovery challenges and geopolitical tensions, impacting the automotive market[88]. - The company is exposed to raw material price fluctuation risks, with aluminum ingot procurement accounting for approximately 78% of material costs[89]. - The ongoing COVID-19 pandemic poses risks to the company's supply chain and market expansion, prompting the establishment of a pandemic prevention team[90]. Environmental Compliance - The company reported a total emission of 10.47 tons of smoke, 0 tons of SO2, and 91.78 tons of nitrogen oxides, all within regulatory limits[103]. - The company has established 19 organized emission outlets for pollutants, ensuring compliance with environmental standards[103]. - The company has implemented a comprehensive environmental emergency response plan to address potential environmental incidents[105]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[108]. Shareholder and Governance - The annual shareholders meeting had a participation rate of 52.59% on April 20, 2022[96]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[97]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[98]. - The company actively engages with investors through various communication channels to ensure transparency and protect shareholder rights[109]. Financial Position - The company's total liabilities reached ¥2,269,817,819.77, compared to ¥2,213,444,178.24, an increase of approximately 2.5%[187]. - The total equity attributable to shareholders increased to ¥1,592,914,363.87 from ¥1,518,842,922.00, representing a growth of about 4.9%[187]. - The company reported a net profit of ¥159,786,427.00, significantly up from ¥85,699,532.67, indicating a growth of approximately 86.2%[187]. - Total operating costs increased to ¥1,826,397,161.83, up 30.0% from ¥1,404,998,332.83 in the previous year[196].

Revenue and Profit - The company's revenue for Q1 2022 was ¥858,491,255.80, representing a 20.26% increase compared to ¥713,857,235.51 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was ¥40,532,253.69, a significant increase of 279.76% from ¥10,673,006.00 in the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥33,394,763.54, up 337.44% from ¥7,634,096.64 year-on-year[3] - Basic earnings per share for Q1 2022 were ¥0.049, reflecting a 276.92% increase from ¥0.013 in the previous year[3] - The net profit for the current period is ¥40,387,129.20, which is a significant increase from ¥10,752,611.71 in the previous period, representing a growth of 275.5%[23] - The net profit attributable to the parent company is ¥40,532,253.69, compared to ¥10,673,006.00 in the previous period, marking an increase of 279.5%[26] Cash Flow - The net cash flow from operating activities improved to -¥5,561,716.59, a 78.50% increase compared to -¥25,864,383.21 in the same period last year[6] - The net cash flow from operating activities was negative at approximately -$5.56 million, an improvement from -$25.86 million in the previous period[30] - The net cash flow from investing activities was ¥25,449,450.75, a 206.46% increase compared to -¥23,905,476.72 in the previous year[6] - The net cash flow from investment activities improved to approximately $25.45 million, compared to a negative cash flow of -$23.91 million in the previous period[31] - The net cash flow from financing activities was negative at approximately -$47.40 million, worsening from -$25.74 million in the previous period[32] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥3,724,959,578.78, a slight increase of 0.21% from ¥3,717,331,191.77 at the end of the previous year[3] - The total assets amounted to ¥3,724,959,578.78, slightly up from ¥3,717,331,191.77, indicating a marginal increase of about 0.20%[16] - The total liabilities amount to ¥2,180,701,461.82, a decrease from ¥2,213,444,178.24 in the previous period[19] - Shareholders' equity attributable to the parent company increased by 2.67% to ¥1,559,359,149.92 from ¥1,518,842,922.00 at the end of the previous year[3] - The total equity attributable to shareholders of the parent company is ¥1,559,359,149.92, up from ¥1,518,842,922.00, indicating a growth of 2.7%[19] Current and Non-Current Assets - Total current assets increased to ¥2,275,129,519.78 from ¥2,242,457,275.20, reflecting a growth of approximately 1.46%[13] - Total non-current assets decreased to ¥1,449,830,059.00 from ¥1,474,873,916.57, a decline of about 1.70%[16] - Cash and cash equivalents rose to ¥544,972,447.19 from ¥499,789,694.45, an increase of about 9.01%[13] - Inventory increased significantly to ¥882,695,744.18 from ¥748,156,183.68, representing a growth of approximately 17.93%[13] Operating Costs and Expenses - The total operating costs for the current period are ¥826,311,993.17, up from ¥707,389,453.21, reflecting a growth of 16.8%[23] - Research and development expenses for the current period are ¥25,953,627.90, an increase from ¥23,365,988.88, showing a growth of 11.3%[23] - The company has reported a decrease in tax and additional charges from ¥4,038,847.93 to ¥2,863,664.00, a reduction of 29.1%[23] Investment and Cash Inflows - Investment income for the period was ¥2,551,633.73, a 61.45% increase from ¥1,580,460.00 year-on-year[6] - Cash inflow from sales of goods and services reached approximately $938.88 million, up from $637.66 million in the previous period, representing a growth of 47.23%[30] - The company received approximately $2.64 million in cash from investment income, an increase from $1.58 million in the previous period[31]

Financial Performance - The company reported a total revenue of 821.92 million RMB for the year 2021, with a cash dividend of 0.20 RMB per 10 shares distributed to shareholders[6]. - The company's operating revenue for 2021 was ¥3,195,255,932.99, representing a 34.79% increase compared to ¥2,370,484,202.74 in 2020[23]. - The net profit attributable to shareholders for 2021 was ¥40,624,709.70, a significant increase of 139.49% from ¥16,962,862.07 in 2020[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥30,350,850.77, up 506.57% from ¥5,003,650.48 in 2020[23]. - The company's cash flow from operating activities was ¥69,662,347.51, a decrease of 57.83% compared to ¥165,196,282.71 in 2020[23]. - The total assets at the end of 2021 were ¥3,717,331,191.77, an increase of 11.17% from ¥3,343,740,455.19 at the end of 2020[23]. - The basic earnings per share for 2021 was ¥0.05, reflecting a 150.00% increase from ¥0.02 in 2020[23]. - The company achieved a total revenue of 3.195 billion yuan in 2021, representing a year-on-year growth of 34.79%[62]. - The net profit for 2021 was 40.49 million yuan, an increase of 137.83% compared to the previous year[51]. - Revenue from aluminum-based products reached 2.948 billion yuan, growing by 48.25% year-on-year[51]. - The gross margin for the main product, metal composite materials, was 9.71% in 2021[57]. - The total assets of the company reached 3.717 billion yuan, an increase of 11.17% from the previous year[51]. - The export revenue surged to ¥734,023,697.46, marking a remarkable increase of 97.12% year-over-year, contributing 22.97% to total revenue[65]. Market and Product Development - The company plans to expand its market presence and enhance product development, focusing on new technologies in composite materials[6]. - The company reported that 73% of its aluminum-based products were used in the automotive industry, with revenue from the new energy vehicle sector accounting for 16.72% of total revenue in 2021[36]. - The company has developed a strong R&D capability and advanced manufacturing equipment, positioning itself as a leading enterprise in the aluminum rolling processing industry in China[36]. - The company’s aluminum material production in 2021 was part of a broader industry trend, with China's aluminum output reaching 61.05 million tons, a year-on-year increase of 7.4%[36]. - The company aims to enhance product competitiveness through ongoing R&D projects focused on high-performance aluminum alloys and multi-layer composite materials[89]. - The company plans to expand its global market presence while optimizing its customer structure to improve its risk resistance and establish an international brand in the high-end aluminum materials industry[114]. Research and Development - In 2021, the company had 7 invention patents accepted and 5 granted, with a total of 71 authorized patents by December 31, 2021, including 64 invention patents[37]. - The company has a strong R&D capability with 146 patent applications and 71 authorized patents, focusing on innovation in aluminum thermal transmission materials[45]. - Research and development expenses in 2021 amounted to ¥106,512,333.84, a 27.68% increase compared to ¥83,421,827.34 in 2020[88]. - The company has identified that aluminum ingot costs account for over 80% of its production costs, and it employs a pricing model based on aluminum prices plus processing fees[119]. - The company is actively monitoring aluminum price trends and has implemented strategies such as order-based sales and optimized inventory management to mitigate the impact of raw material price fluctuations[119]. Operational Challenges and Risks - The company has identified potential risks in its future operations, which are detailed in the management discussion section of the report[6]. - The ongoing global COVID-19 pandemic poses risks to the company's supply chain and market expansion, prompting the establishment of a pandemic prevention team to minimize adverse effects[119]. - The company is currently negotiating adjustments to major procurement contracts due to changes in market conditions and the pandemic[75]. Corporate Governance - The company has established a performance evaluation and incentive mechanism for directors and senior management, linking their compensation directly to the company's operating performance[126]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[126]. - The company maintains an independent operational capability, with no direct or indirect interference from the controlling shareholder in its decision-making and operations[130]. - The company has established a transparent information disclosure system, ensuring timely and accurate communication with investors[127]. - The company has implemented measures to ensure compliance with relevant laws and regulations in its operations[171]. - The company has established a complete and reasonable corporate governance structure and internal control system[199]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 840, with 640 in production, 35 in sales, 85 in technology, 9 in finance, and 71 in administration[178]. - The company conducted over 200 training sessions in 2021, including 70 safety training sessions and 30 technical training sessions, to enhance employee skills[183]. - The company has a total of 140 advanced worker certificates obtained through skill certification training in 2021[183]. Financial Management - The company reported a significant reduction in net cash flow from financing activities, indicating potential challenges in managing financing obligations moving forward[96]. - The total procurement amount from the top five suppliers was ¥1,691,055,207.83, which accounted for 65.46% of the total annual procurement[86]. - The company has updated its internal control policies and management systems to enhance governance and compliance[191].

银邦金属复合材料股份有限公司 2021 年第三季度报告 1 证券代码：300337 证券简称：银邦股份 公告编号：2021-055 银邦金属复合材料股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|--------------------------| ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,417,204,123.47, representing a 31.21% increase compared to ¥1,080,137,982.24 in the same period last year[27]. - The net profit attributable to shareholders of the listed company reached ¥19,267,741.59, a significant turnaround from a loss of ¥12,332,171.36 in the previous year, marking a 256.24% increase[27]. - The net profit after deducting non-recurring gains and losses was ¥13,451,823.43, compared to a loss of ¥13,073,021.00 in the same period last year, reflecting a 202.90% improvement[27]. - The basic earnings per share increased to ¥0.0234 from a loss of ¥0.0150, representing a 256.00% increase[27]. - The total assets at the end of the reporting period were ¥3,397,118,920.86, a 1.60% increase from ¥3,343,740,455.19 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were ¥1,500,830,723.06, up 1.22% from ¥1,482,708,907.83 at the end of the previous year[27]. - The net cash flow from operating activities improved to -¥3,305,792.27, a 90.24% increase compared to -¥33,885,228.15 in the same period last year[27]. - The weighted average return on net assets was 1.29%, an increase of 2.13% compared to -0.84% in the previous year[27]. Revenue Breakdown - Revenue from aluminum-based products was 1.29669 billion yuan, reflecting a year-on-year growth of 53.52%[38]. - Overseas sales amounted to 291.35 million yuan, a significant increase of 74.83% year-on-year, while domestic sales reached 1.11572 billion yuan, up 23.87%[38]. - Revenue from new energy vehicle cooling battery thermal management materials was 167.51 million yuan, a remarkable growth of 243.5%, accounting for 11.82% of the company's semi-annual revenue[39]. Market Position and Strategy - The company holds a 50% market share in the domestic power station air cooling industry with its aluminum-steel composite materials[42]. - The company is positioned to benefit from the rapid growth of the new energy vehicle sector, with expectations for continued demand for aluminum materials[48]. - The company has established strong relationships with major aluminum ingot suppliers, ensuring stable raw material supply[43]. - The company is focused on enhancing its core competitiveness through innovation and R&D, which is considered a key advantage[49]. - The company has established itself as a supplier for major automotive groups, including Denso, Mahle, Valeo, and Tesla, capitalizing on the growth of the new energy vehicle industry[51]. Research and Development - Research and development investment rose to ¥48,804,897.91, marking a 44.20% increase year-on-year, reflecting the company's commitment to innovation[53]. - The company reported research and development expenses for the first half of 2021 were ¥48,804,897.91, up from ¥33,846,057.73 in the previous year, indicating a growth of about 44.2%[189]. Risk Factors - The company faces various risk factors, which are detailed in the report's section on risk management[6]. - The company faces market risks due to uncertainties in the automotive market and increasing competition, prompting proactive market research and exploration[80]. - Raw material price fluctuation risk is significant, with aluminum ingot costs accounting for over 80% of production costs, leading to a pricing model based on market conditions[80]. - The company has established a pandemic prevention team to mitigate risks associated with COVID-19, focusing on market expansion and operational efficiency[80]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[7]. - The annual general meeting had a participation rate of 52.62% on April 15, 2021[87]. - The first extraordinary general meeting of 2021 had a participation rate of 52.61% on February 23, 2021[87]. - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[90]. - The company actively engages with investors through various communication channels, ensuring transparency and shareholder rights[101]. - The company adheres to labor laws, providing social insurance and maintaining employee rights[101]. Environmental Compliance - The company reported a total emission of 17.84 tons of smoke, 0 tons of SO2, and 57.35 tons of nitrogen oxides, all within the regulatory limits[96]. - The company has established 19 organized emission outlets for pollutants, ensuring compliance with environmental standards[96]. - The company has a risk assessment report for environmental incidents filed with local authorities[97]. Related Party Transactions - The actual amount of related party transactions with Fei'er Kang Fast Manufacturing Technology Co., Ltd. for mold procurement was 6.95 million RMB, within the approved limit of 50 million RMB[119]. - The actual amount of related party transactions for water and electricity payments to Fei'er Kang was 0.767 million RMB, within the approved limit of 2 million RMB[119]. - The actual amount of related party transactions for agricultural products with Wuxi New District Zhanqiao Agricultural Cooperative was 0.744 million RMB, within the approved limit of 2 million RMB[119]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[109]. - There were no violations of external guarantees during the reporting period[109]. - The company has not undergone any bankruptcy reorganization during the reporting period[111]. Financial Position - The company's total assets amounted to ¥3,233,997,913.31, up from ¥3,159,641,658.91 year-over-year, reflecting an increase of approximately 2.3%[186]. - The company's total liabilities stood at CNY 1,911,010,715.11, slightly up from CNY 1,875,847,884.78, reflecting an increase of about 1.9%[176]. - The equity attributable to shareholders increased to CNY 1,500,830,723.06 from CNY 1,482,708,907.83, showing a growth of approximately 1.9%[179]. - The company reported a decrease in short-term borrowings to CNY 1,204,880,633.90 from CNY 960,939,912.05, which is an increase of about 25.4%[176]. Shareholder Information - As of June 30, 2021, the controlling shareholder, Mr. Shen Yulan, held 102,217,600 shares, representing 12.44% of the total share capital, with 100% of his shares pledged[142]. - Mr. Shen Jiansheng held 147,197,621 shares, accounting for 17.91% of the total share capital, with 97.60% of his shares pledged, totaling 143,663,365 shares[142]. - The total number of shares outstanding is 821,920,000, with 709,988,557 shares (86.38%) being freely tradable[148]. - The top ten shareholders include Wuxi New Bang Technology Co., Ltd. with 180,822,400 shares (22.00%) and Mr. Shen Jiansheng with 147,197,621 shares (17.91%)[151]. - The company reported a total of 41,187 common shareholders at the end of the reporting period[151].

Financial Performance - The company's revenue for Q1 2021 was ¥713,857,235.51, representing a 66.33% increase compared to ¥429,177,178.26 in the same period last year[8] - Net profit attributable to shareholders was ¥10,673,006.00, a significant turnaround from a loss of ¥16,183,814.55 in Q1 2020, marking a 165.95% increase[8] - The net profit after deducting non-recurring gains and losses was ¥7,634,096.64, compared to a loss of ¥15,916,341.31 in the previous year, reflecting a 147.96% improvement[8] - The basic earnings per share increased to ¥0.013 from a loss of ¥0.0197, showing a growth of 165.99%[8] - The company reported a revenue of 714 million yuan, representing a year-on-year growth of 66.33%[22] - The net profit attributable to shareholders reached 10.67 million yuan, a significant increase of 165.95% compared to the previous year[22] - Net profit for Q1 2021 was CNY 10,752,611.71, a turnaround from a net loss of CNY 15,839,054.44 in the previous year[63] - The company's total revenue for the current period reached ¥690,569,391.43, a significant increase of 68.3% compared to ¥409,900,052.55 in the previous period[67] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,383,033,543.64, up 1.18% from ¥3,343,740,455.19 at the end of the previous year[8] - The company's total assets amounted to CNY 3,205,425,613.54, compared to CNY 3,159,641,658.91 at the end of the previous year[57] - Total liabilities reached CNY 1,904,387,784.96, compared to CNY 1,875,847,884.78 at the end of 2020, showing an increase of about 1.3%[46] - Total liabilities increased to CNY 1,765,740,810.73 from CNY 1,730,090,139.95, indicating a rise of 2.8%[57] - The company's current assets totaled CNY 1,862,850,920.02, up from CNY 1,802,307,207.77 at the end of 2020, indicating an increase of about 3.00%[41] Cash Flow - The net cash flow from operating activities improved to -¥25,864,383.21, a 61.03% reduction in losses compared to -¥66,367,747.08 in Q1 2020[8] - Cash inflow from operating activities totaled ¥662,898,176.64, up from ¥498,322,651.37 in the previous period[78] - The company reported a net cash outflow from operating activities of ¥25,864,383.21, an improvement from a net outflow of ¥66,367,747.08 in the previous period[78] - The net cash flow from operating activities was -47,648,332.67 yuan, an improvement from -73,836,213.76 yuan in the previous period, indicating a reduction in cash outflow[82] Research and Development - Research and development expenses increased by 234.74% to 23.37 million yuan, reflecting a substantial rise in R&D investment[20] - R&D expenses increased significantly to CNY 23,365,988.88, compared to CNY 6,980,346.65 in Q1 2020, reflecting a growth of 234.5%[60] - Research and development expenses increased to ¥21,887,665.54, compared to ¥6,980,346.65 in the previous period, indicating a focus on innovation[67] Market and Operational Risks - The company faces market risks due to economic transformation and increased competition in the automotive market[29] - The fluctuation in aluminum prices poses a risk, as aluminum costs account for over 80% of production costs[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,195, with the top ten shareholders holding significant stakes[12] - The company's net assets attributable to shareholders increased to ¥1,493,382,490.39, a 0.72% rise from ¥1,482,708,907.83 at the end of the last year[8] - The total equity attributable to shareholders increased to CNY 1,493,382,490.39 from CNY 1,482,708,907.83, reflecting a growth of about 0.5%[50] Financing Activities - Total cash inflow from financing activities was 369,185,000.00 yuan, compared to 287,100,000.00 yuan in the previous period, marking an increase of about 28.6%[85] - The cash outflow for financing activities totaled 374,261,280.41 yuan, up from 215,955,457.44 yuan, representing a significant increase of approximately 73.5%[85] - The company repaid debts amounting to 332,603,528.44 yuan, significantly higher than 73,036,765.96 yuan in the previous period, reflecting a substantial increase in debt repayment[85] Other Information - The company received government subsidies amounting to ¥2,951,085.88 during the reporting period[8] - The company did not undergo an audit for the first quarter report, which remains unaudited[88]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15% compared to 2019[15]. - The net profit attributable to shareholders was 150 million RMB, which is a 10% increase from the previous year[15]. - The company's operating revenue for 2020 was ¥2,370,484,202.74, an increase of 17.07% compared to ¥2,024,905,608.32 in 2019[21]. - The net profit attributable to shareholders for 2020 was ¥16,962,862.07, a slight increase of 2.36% from ¥16,571,555.04 in 2019[21]. - The total profit for the year was 29.99 million CNY, an increase of 27.12% compared to the previous year, while the net profit after deducting non-recurring gains and losses was 5.00 million CNY, up 104.49%[46]. - The company's gross profit margin improved to 12.33%, an increase of 2.51 percentage points year-on-year[46]. - The total cash inflow from operating activities reached ¥2,358,593,881.79, up 40.18% from ¥1,682,537,719.60 in 2019[80]. - The net cash flow from operating activities for 2020 was ¥165,196,282.71, a significant increase of 213.06% compared to a negative cash flow of ¥146,117,686.87 in 2019[21]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% growth in this region over the next two years[15]. - The company aims to launch two new product lines in 2021, which are expected to contribute an additional 200 million RMB in revenue[15]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market share[15]. - The company anticipates continued growth in the aluminum composite and multi-metal series, with a focus on expanding market presence and product development[63]. - The company plans to enhance its market expansion efforts in the automotive sector, focusing on aluminum thermal transfer materials for automotive heat exchange systems[98]. Research and Development - Research and development expenses increased by 25% to 100 million RMB, focusing on new composite materials and technologies[15]. - The company applied for 14 invention patents in 2020, with 3 patents granted, bringing the total granted patents to 68, including 59 invention patents[41]. - The company is focusing on R&D to enhance product technology and quality, with a national key R&D project underway[57]. - The company's R&D expenses for 2020 amounted to ¥83,421,827.34, representing a 13.80% increase compared to ¥73,305,121.16 in 2019[76]. - R&D expenses accounted for 3.52% of total operating revenue in 2020, slightly down from 3.62% in 2019[77]. Operational Efficiency - The gross margin improved to 35%, up from 32% in the previous year, due to cost control measures and product mix optimization[15]. - The company's management system has been enhanced, leading to improvements in product development speed, sample success rate, and delivery cycles, which received positive feedback from customers[41]. - The company will optimize production capacity management while enhancing safety production management and production process control[100]. Social Responsibility and Governance - The company donated 10 smoke disinfection vehicles to Wuhan during the COVID-19 pandemic, demonstrating its commitment to social responsibility[175]. - The company donated a total of 88,000 yuan for poverty alleviation efforts in 2020[179]. - The company plans to continue its poverty alleviation initiatives by leveraging its resources and creating profits and taxes to increase social wealth[181]. - The company is committed to improving its governance structure and investor relations to enhance operational transparency[57]. Risks and Challenges - The company faces market risks due to economic transformation and increased competition, and it plans to strengthen its core competitiveness and risk resistance[101]. - The company is exposed to raw material price fluctuation risks, particularly with aluminum ingots, which account for over 80% of production costs[101]. - The company will actively explore new markets and strengthen collaboration with clients to mitigate risks from international trade barriers and tariffs[102]. Shareholder Information - The total number of ordinary shares for the dividend distribution base was 821,920,000 shares[110]. - The largest shareholder, Wuxi New Bang Technology Co., Ltd., holds 22.00% of the shares, totaling 180,822,400 shares[200]. - The total number of common shareholders at the end of the reporting period was 47,799, an increase from 47,156 at the end of the previous month[195]. - The top five customers accounted for 17.88% of the total annual sales, with total sales amounting to ¥423,746,398.54[72]. Dividend Policy - The company has no plans to distribute cash dividends or issue bonus shares for the year 2020[7]. - The company decided not to distribute profits for 2020 due to being in a marginal profit situation and to meet the funding needs for the next year's operations[113]. - The distributable profit for the year was 698,140.78 RMB, with the cash dividend total accounting for 0.00% of the total profit distribution[110].

Financial Performance - Operating revenue for the reporting period reached ¥585,949,391.14, an increase of 20.86% year-on-year[8] - Net profit attributable to shareholders was ¥13,708,173.95, representing a significant increase of 143.62% compared to the same period last year[8] - Basic earnings per share for the reporting period was ¥0.0167, up 143.72% year-on-year[8] - Total operating revenue for the third quarter reached ¥585,949,391.14, an increase of 20.8% compared to ¥484,826,939.38 in the same period last year[51] - The company's operating revenue for the current period reached ¥554,703,368.61, an increase of 25.9% compared to ¥440,648,246.52 in the previous period[61] - The net profit for the current period was ¥16,685,944.39, compared to a net loss of ¥28,144,379.10 in the previous period[57] - Total operating revenue for the current period reached ¥1,666,087,373.38, an increase of 20.3% compared to ¥1,385,018,752.82 in the previous period[68] - Net profit for the current period was ¥14,264,752.69, a significant recovery from a net loss of ¥61,266,147.30 in the previous period[72] Cash Flow and Liquidity - The net cash flow from operating activities showed a decline of 72.66%, totaling ¥24,389,380.70[8] - The cash and cash equivalents at the end of the period amounted to ¥290,023,272.61, an increase of 98.68% compared to the beginning of the period[22] - The net cash flow from operating activities decreased by 72.66% to ¥24,389,380.70 compared to the same period last year[24] - The net cash flow from financing activities increased by 248.26% to ¥32,163,664.80, mainly due to increased borrowings from shareholders[24] - The cash inflow from financing activities totaled 1,654,082,797.93, significantly higher than 762,190,000.00 in the previous period[99] - The net cash flow from financing activities was 44,827,394.25, a recovery from -59,591,206.83 in the prior period[99] - The ending balance of cash and cash equivalents was 75,957,632.21, up from 34,948,532.17 in the previous period[99] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,257,959,048.27, a decrease of 6.72% compared to the end of the previous year[8] - The total liabilities increased significantly, with notes payable rising by 191.49% to ¥241,933,997.00[23] - Current liabilities totaled ¥1,279,561,811.66, a decrease from ¥1,354,021,782.12 in the previous year[49] - Non-current liabilities amounted to ¥224,785,900.11, compared to ¥53,830,831.91 in the previous year, indicating a significant increase[49] - Total liabilities increased to ¥1,504,347,711.77 from ¥1,407,852,614.03 year-over-year[49] - The company's equity attributable to shareholders was ¥1,401,296,033.88, a decrease from ¥1,435,620,454.90 in the previous year[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,747[13] - The largest shareholder, Wuxi Xinbang Technology Co., Ltd., held 22.00% of the shares, totaling 180,822,400 shares[13] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[19] Research and Development - Research and development expenses increased to ¥22,008,632.65, a rise of 47.5% from ¥14,901,633.06[61] - Research and development expenses increased to ¥55,854,690.38, up from ¥45,617,089.18 in the previous period, reflecting a focus on innovation[72] Government Support - The company received government subsidies amounting to ¥8,708,512.09 during the reporting period[9] Future Outlook - Future outlook includes continued investment in R&D and potential market expansion strategies to enhance revenue growth[72] Other Financial Metrics - The company reported a financial expense of ¥19,997,272.45, which is an increase from ¥11,017,818.39, marking an increase of 81.5%[57] - The company reported a significant increase in interest income to ¥1,452,926.80 from ¥55,082.51, representing a growth of 2,533.5%[57] - The company achieved an investment income of ¥353,575.00, recovering from a loss of ¥5,414,367.55 in the previous period[78] - The company’s tax expenses increased to ¥4,439,669.32 from ¥1,219,161.87, reflecting a rise of 264.5%[57] Audit Status - The third-quarter report was not audited, indicating that the figures may be subject to change[101]