Financial Performance - The company's operating revenue for Q3 2022 reached ¥5,928,394,642.16, representing a 33.57% increase year-over-year[7] - Net profit attributable to shareholders for Q3 2022 was ¥122,358,437.73, a significant increase of 99.52% compared to the same period last year[7] - The net profit excluding equity incentive expenses attributable to shareholders was ¥160,752,622.61, reflecting a 162.13% increase year-over-year[7] - The total operating revenue for the current period was ¥15,980,134,439.22, up from ¥13,103,608,686.11 in the previous period[46] - The net profit attributable to the parent company increased to ¥3,323,722,855.50 from ¥2,970,663,296.81 in the previous period[43] - Net profit for the period reached 399,911,407.45, an increase from 359,924,819.48 in the previous period, representing a growth of approximately 11.5%[47] - The company reported a total comprehensive income of 423,649,041.89, compared to 285,956,613.01 in the previous period, showing a significant increase of around 48.3%[50] - Basic earnings per share improved to 0.65 from 0.57, reflecting an increase of approximately 14%[50] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥17,109,765,444.48, which is an 18.94% increase from the end of the previous year[7] - The total liabilities as of September 30, 2022, were ¥11,371,137,778.49, compared to ¥9,101,160,300.87 at the beginning of the year[43] - The company's equity attributable to shareholders reached ¥5,535,618,915.21, an increase from ¥5,067,632,998.85 in the previous period[43] - As of September 30, 2022, total current assets amounted to ¥12,371,959,903.30, an increase from ¥10,435,206,949.79 at the beginning of the year[38] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥144,692,514.44, reflecting a 121.50% increase compared to the same period last year[7] - Cash flow from operating activities amounted to 16,223,303,534.17, compared to 13,526,709,266.67 in the previous period, representing a growth of about 19.9%[51] - Net cash flow from operating activities was $144.69 million, a significant improvement from a net outflow of $673.12 million in the previous period, indicating a turnaround in operational performance[53] - Cash inflow from financing activities rose to $7.93 billion, up from $5.44 billion, driven by increased borrowings[53] - Net cash flow from financing activities was $1.93 billion, compared to $1.08 billion in the previous year, indicating stronger financing capabilities[53] Research and Development - Research and development expenses increased by 32.14% to approximately ¥463.67 million, reflecting higher revenue and investment in R&D[25] - Research and development expenses increased to 463,668,703.07, up from 350,880,317.27, reflecting a rise of about 32.1%[47] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,067[28] - Tianjin Dong'an Brothers Co., Ltd. holds 36.95% of shares, totaling 227,971,910 shares[28] - The top five individual shareholders, including Zang Na and Zang Ya Kun, hold between 5.00% to 5.19% of shares each[28] - The company has a family shareholder structure, with several shareholders being members of the Zang family acting in concert[30] - The controlling shareholder and actual controller hold a total of 434,409,110 shares, which is 70.41% of the total shares, with 5,485,900 shares pledged, representing 1.26% of their holdings and 0.89% of the total share capital[37] Strategic Developments - The company has established strategic cooperation with Wencan Group for the development of materials for new energy vehicles, enhancing its market presence[18] - The company plans to enhance the comprehensive performance indicators of its non-heat-treated alloy materials based on market demands for integrated die-casting of super-large castings[19] - The company is focusing on the development of new energy vehicle wheels and lightweight chassis components, leveraging its advantages in recycled aluminum technology[20] - The lithium-sodium battery new materials project is expected to commence production around March 2023, supporting the stable supply of key raw materials for the company[21] Market Performance - The sales volume of high-end grain refining agents reached 9,618 tons in the first nine months of 2022, a year-over-year increase of 127.59%[14] - Revenue from aerospace-grade special intermediate alloy sales was ¥68,624,500, showing a 52.70% increase year-over-year with a sales volume of 277 tons[14] - The aluminum alloy wheel segment saw a significant increase in revenue due to both volume and price adjustments, with a focus on expanding production capacity in Thailand and Mexico[20] Other Financial Metrics - Cash and cash equivalents increased by 30.57% to approximately ¥2.68 billion, attributed to the expansion of production and corresponding increases in inventory and receivables[22] - The company's short-term borrowings rose by 30.74% to approximately ¥6.15 billion, driven by increased working capital needs due to expanded operations[25] - The company's deferred tax assets increased by 45.13% to approximately ¥118.94 million, mainly due to the rise in deductible temporary differences[25] - The company achieved a 168.00% increase in trading financial assets, totaling approximately ¥543.81 million, due to higher investments in financial products[22]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[20]. - The company's operating revenue for the current period is ¥10,051,739,797.06, representing a 16.00% increase compared to ¥8,665,285,406.98 in the same period last year[28]. - In the first half of 2022, the company achieved a total revenue of 10.052 billion yuan, representing a year-on-year growth of 16.00%[74]. - The net profit attributable to shareholders for the same period was 277 million yuan, an increase of 0.54% compared to the previous year[74]. - The net profit, excluding stock incentive amortization, was 323 million yuan, reflecting a growth of 17.13% year-on-year[74]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, is ¥211,507,475.59, a decrease of 6.98% from ¥227,367,887.69 in the previous year[28]. - The company reported a total of ¥65,465,417.25 in non-recurring gains, primarily from government subsidies and financial investment returns[32]. - The weighted average return on equity decreased to 5.31% from 6.39% in the previous year, indicating a decline in profitability[28]. Market Expansion and Product Development - The company plans to launch two new product lines in Q4 2022, targeting the automotive and aerospace sectors, which are expected to contribute an additional 200 million RMB in revenue[20]. - Future outlook includes a projected revenue growth of 20% for the full year 2022, driven by market expansion and new product introductions[20]. - The company is actively expanding into the lithium and sodium battery new materials sector, enhancing its industry chain capabilities[39]. - The company is focusing on lightweight aluminum alloy components for passenger cars and new energy vehicles, aligning with market demands for low-carbon and green solutions[52]. - The company plans to continuously develop products related to the new energy industry chain, focusing on lithium and sodium battery materials[71]. Research and Development - Research and development expenses increased by 10% to 100 million RMB, focusing on advanced alloy technologies and sustainable materials[20]. - The company has established 8 major R&D platforms, including national and provincial technology innovation centers, enhancing its research capabilities[67]. - The company holds 24 invention patents and 63 utility model patents in the field of functional intermediate alloy new materials[67]. - In the casting aluminum alloy materials sector, the company has accumulated 283 patents, including 53 invention patents and 227 utility model patents[68]. Strategic Acquisitions and Investments - The company is exploring strategic acquisitions to enhance its market position, with a budget of 300 million RMB allocated for potential targets in the lightweight materials sector[20]. - The company has made a long-term equity investment of ¥10,606,951.60 in Hebei Guangsu Laser Technology Co., Ltd., reflecting strategic growth initiatives[94]. - The investment amount for the reporting period is CNY 2.14 billion, representing a 33.04% increase compared to the same period last year[103]. Environmental Compliance and Sustainability - The company is classified as a key pollutant discharge unit by environmental protection authorities, with emissions including particulate matter, sulfur dioxide, and nitrogen oxides[155]. - The company aims to maintain emissions below the regulatory limits of 30 mg/m³ for particulate matter and nitrogen oxides[164]. - The company is focused on improving its environmental performance by monitoring and reducing emissions across its operations[164]. - The company is committed to adhering to environmental regulations and improving sustainability practices[164]. - The company has implemented selective catalytic reduction (SCR) technology for nitrogen oxide reduction, achieving a 90% efficiency rate since 2019[185]. Risk Management - The company has identified key risks including raw material price volatility and supply chain disruptions, with mitigation strategies in place[20]. - The company is enhancing its product pricing mechanism to mitigate risks associated with fluctuations in raw material prices, particularly electrolytic aluminum and recycled aluminum[135]. - The company faces foreign exchange risk due to significant fluctuations in the RMB to USD exchange rate, which may impact the consolidated profit levels[136]. Operational Efficiency - The company's production model is based on customer orders, allowing for flexible production planning and rapid response to production issues[58]. - The company has established a stable raw material supply chain and long-term partnerships with key suppliers, implementing a standardized procurement model to mitigate price volatility risks[57]. - The company has successfully developed and commercialized heat-free aluminum alloys, breaking foreign monopolies and achieving mass production, with applications in high-end electric vehicle battery packs and structural components[79]. Shareholder Relations - No cash dividends will be distributed for the current fiscal year, as the company aims to reinvest profits into growth initiatives[20]. - The stock incentive plan involves granting a total of up to 28.55 million shares, accounting for approximately 4.63% of the company's total share capital[78]. - The company did not distribute cash dividends or bonus shares for the first half of 2022[147].

Group 1: Company Performance Overview - In 2021, the company achieved a revenue of CNY 18.634 billion, a 39.14% increase year-on-year [2] - The net profit attributable to shareholders was CNY 450 million, up 4.04% from the previous year [2] - The functional intermediate alloy segment saw a net profit of CNY 108 million, a 62.02% increase [2] - The recycled aluminum alloy segment's net profit reached CNY 220 million, growing by 79.71% [2] - The aluminum wheel segment's net profit decreased by 49.87% to CNY 122 million due to various market pressures [2] Group 2: Sales and Revenue Data - Total sales volume for 2021 was 8.668 million tons, a 17.12% increase [3] - Recycled aluminum material procurement reached 549,100 tons, a 28.42% increase [3] - The alloy segment's revenue was CNY 1.178 billion, a 44.60% increase [3] - The functional intermediate alloy segment's revenue was CNY 161 million, a 56.06% increase [3] - The aluminum wheel segment's revenue was CNY 524 million, a 24.46% increase [3] Group 3: Market Impact and Future Outlook - The pandemic affected sales of casting alloys and aluminum wheels in Q2, but various factors helped mitigate the impact [4] - The company is focusing on the development of heat-treated aluminum alloys, driven by the automotive industry's shift towards lightweight materials [5] - The company has established partnerships with several new energy vehicle manufacturers, enhancing its market position [6] - The recycled aluminum market is expected to grow due to national policies promoting resource utilization, with a target of 1.2 million tons of recycled aluminum usage [7] - The company is investing in lithium battery materials, including LiPF6 and LiFSI, to address supply shortages and expand its market presence [9]

Financial Performance - The company's operating revenue for Q1 2022 was ¥5,537,676,751.54, representing a 29.12% increase compared to ¥4,288,642,879.91 in the same period last year[4] - The net profit attributable to shareholders for Q1 2022 was ¥134,255,376.67, a slight increase of 0.77% from ¥133,223,595.13 in the previous year[4] - The total operating revenue for the current period reached ¥5,537,676,751.54, an increase from ¥4,288,642,879.91 in the previous period, representing a growth of approximately 29.1%[41] - The total operating profit was 154,956,497.04, down from 181,732,146.35 in the previous period[44] - The total comprehensive income amounted to 137,649,777.04, up from 126,823,018.98 in the previous period[47] - The basic and diluted earnings per share were both 0.22, slightly down from 0.23 in the previous period[47] Cash Flow and Liquidity - The net cash flow from operating activities was -¥951,100,594.04, a decrease of 179.95% compared to -¥339,740,901.51 in the same period last year[4] - The operating cash flow net amount was -951,100,594.04, worsening from -339,740,901.51 in the previous period[51] - Net cash flow from financing activities was $1.03 billion, compared to $319.07 million, reflecting a significant increase of approximately 222.5%[54] - Cash and cash equivalents at the end of the period totaled $1.70 billion, compared to $1.43 billion, marking an increase of about 18.8%[54] - The company reported a net decrease in cash and cash equivalents of -$172.01 million, slightly worse than the -$159.66 million in the previous period[54] - Cash outflow from investing activities totaled $842.86 million, compared to $565.11 million, indicating an increase of approximately 48.9%[54] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥15,155,198,093.89, up 5.35% from ¥14,385,616,003.18 at the end of the previous year[7] - The total liabilities rose to ¥9,727,086,076.22, compared to ¥9,101,160,300.87 at the beginning of the year, which is an increase of approximately 6.9%[40] - The company reported a significant increase in financial liabilities, with current liabilities due within one year rising by 44.04% to ¥1,066,145,723.73[9] - The total current assets amounted to ¥11,084,527,652.51, up from ¥10,435,206,949.79 at the beginning of the year, reflecting a growth of approximately 6.2%[36] - The total non-current assets increased to ¥4,070,670,441.38 from ¥3,950,409,053.39, marking a rise of about 3.0%[36] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,529, with Tianjin Dong'an Brothers Co., Ltd. holding 36.95% of shares[13] - The top five individual shareholders, including Wei Yongxing and Wei Yana, each hold 5.25% of shares, with significant portions pledged[13] - The company has a significant concentration of ownership, with the top 10 shareholders holding a substantial percentage of total shares[19] - The company is subject to high levels of share pledges among its major shareholders, indicating potential liquidity risks[20] - The controlling shareholder and actual controller held 443,971,910 shares, representing 71.96% of the total shares, with 61,445,900 shares pledged[31] Research and Development - The company's R&D expenses increased by 33.69% to ¥120,619,599.75, compared to ¥90,220,020.58 in the same period last year, indicating a focus on new product development[12] - Research and development expenses increased to 120,619,599.75 from 90,220,020.58, reflecting a focus on innovation[44] Operational Challenges - The gross profit margin decreased due to a 30.67% increase in operating costs, which reached ¥5,085,717,403.34, primarily due to rising aluminum prices[12] - The total operating costs for the current period were ¥5,420,275,365.29, compared to ¥4,169,497,941.69 in the previous period, indicating an increase of about 29.9%[41] - The company experienced a decrease in investment income from joint ventures, reporting -798,516.66 compared to -793,403.64 in the previous period[44] Strategic Initiatives - The company plans to enhance its aluminum alloy wheel production capacity through the investment in the Daye Automotive Wheel Production Base project, which has been registered and licensed[28] - The company has initiated a restricted stock incentive plan, granting 22,227,700 shares at a price of 11.09 yuan per share[31] - The company’s investment in the Daye project is expected to lower overall operating costs through local government support[28] Miscellaneous - The first quarter report was not audited, which may affect the reliability of the financial data presented[55] - The company has not disclosed any new product developments or market expansion strategies in the current report[18] - There are no new mergers or acquisitions reported in the latest financial disclosures[18]

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the last fiscal year[22]. - The company's operating revenue for 2021 was ¥18,633,677,143.07, representing a 39.14% increase compared to the previous year[28]. - The net profit attributable to shareholders for 2021 was ¥450,040,854.05, which is a 4.04% increase from the previous year[28]. - The total assets at the end of 2021 amounted to ¥14,385,616,003.18, reflecting a 27.28% increase from the end of 2020[32]. - The net assets attributable to shareholders increased by 21.21% to ¥5,067,632,998.85 at the end of 2021[32]. - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥921,588,292.72 in 2021, a decrease of 354.63% compared to the previous year[32]. - The basic earnings per share for 2021 remained at ¥0.75, unchanged from the previous year[32]. - The company reported a total of ¥96,235,708.67 in non-recurring gains and losses for 2021, down from ¥121,443,142.60 in 2020[38]. - The weighted average return on equity for 2021 was 9.72%, a decrease of 1.12% from the previous year[32]. - The company achieved a revenue of 18.634 billion yuan, a year-on-year increase of 39.14%[71]. - The net profit attributable to shareholders was 450 million yuan, up 4.04% year-on-year[71]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in the lightweight alloy sector, aiming for a 20% increase in market share over the next two years[22]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the industry[22]. - The company has established strategic cooperation agreements with downstream die-casting and vehicle manufacturers to meet the rapid development needs of the passenger car industry for integrated die-casting components[50]. - The company is actively collaborating with several new energy vehicle manufacturers, including NIO and Xpeng, to provide aluminum alloy wheel products, establishing a solid market foundation[48]. - The company is positioned as one of the largest recycled aluminum casting alloy producers in China, aligning with national carbon peak and carbon neutrality goals[46]. - The company plans to expand its recycling and production capacity for recycled aluminum in Thailand and Mexico, aiming for dual circulation development domestically and internationally[193]. - The aluminum alloy wheel segment will enhance its domestic production strategy and accelerate overseas capacity construction in Thailand and Mexico to maximize scale efficiency[195]. Research and Development - The company is investing in technology upgrades, with a budget of 50 million yuan allocated for R&D in the upcoming year[22]. - The company has established a strong R&D team of over 50 members, leading to 23 invention patents and 60 utility model patents in the functional intermediate alloy new materials field[67]. - R&D investment reached ¥551,648,474.10 in 2021, representing 2.96% of operating revenue, up from 2.54% in 2020[135]. - The number of R&D personnel increased to 1,673 in 2021, a growth of 14.43% compared to 1,462 in 2020[131]. - The company has developed a unique low-Mo modification technology, reducing Mo content to 1/5-1/7 of international counterparts, enhancing competitiveness while lowering costs by 15%-20%[48]. - The company is developing a new aluminum alloy with a thermal conductivity of 195-201 W/m.K, aiming to reach 210 W/m.K in the future[103]. - The project for high-strength, heat-free aluminum alloy has achieved patent certification, breaking foreign monopolies in this field[103]. - The company has developed lightweight aluminum materials with tensile strength of 445 MPa, yield strength of 315 MPa, and elongation of 14.0%[109]. Production and Capacity - The company has a total production capacity of 1.3 million tons across various production bases, enhancing its market competitiveness and reducing operational risks[66]. - The aluminum alloy wheel production capacity stands at 20 million units, with a sales volume of 6.585 million units, contributing to significant revenue[64]. - The company’s aluminum alloy wheel production reached 15.5 million units, a 12.87% increase from 13.73 million units in the previous year[62]. - The sales volume of aluminum alloy wheels was 14.69 million units, up 9.55% from 13.41 million units year-on-year[62]. - The company has completed the construction of a demonstration plant for aluminum ash resource utilization, with a capacity of 100,000 tons, enhancing resource utilization efficiency[80]. - The company has established a stable raw material supply chain and long-term partnerships with key suppliers to mitigate price volatility risks[57]. Sustainability and Environmental Commitment - The company is committed to sustainability, with plans to increase the use of recycled aluminum by 25% in its production processes[22]. - The company has achieved a recycled aluminum resource procurement volume of 549,100 tons in 2021, an increase of 28.42% year-on-year, maintaining its leading position in the industry[46]. - The development of a water-based coating process for aluminum alloy wheels has achieved 100% compliance with national standards, reducing VOC emissions[112]. - The VOC zero-emission technology has lowered emissions and improved market competitiveness by reducing waste treatment costs[125]. - The company plans to replace part or all of the electrolytic aluminum with 100% recycled aluminum in the production of A356 alloy castings, meeting low-carbon manufacturing requirements[103]. Financial Management and Risks - The company is facing risks from fluctuations in raw material prices, particularly electrolytic aluminum and recycled aluminum, which are closely linked to market prices[197]. - The company is exposed to foreign exchange risks due to significant operations in multiple countries, and it plans to use forward foreign exchange contracts to mitigate these risks[198]. - The company is monitoring international trade environment changes that could impact its export business, particularly in light of uncertainties in US-China trade relations[199]. - The net cash flow from operating activities was -921,588,292.72 CNY, significantly lower than the net profit of 474,359,750.01 CNY, mainly due to a sharp rise in raw material prices and increases in accounts receivable and inventory[139]. - The total cash inflow from financing activities increased by 53.72% to ¥7,860,312,080.20 in 2021[136]. Investment and Acquisitions - The company completed an acquisition of Baoding Longda Aluminum Industry Co., with an investment amount of CNY 310.50 million, holding a 39.79% stake[152]. - The company has invested CNY 123.57 million in a lightweight aluminum alloy wheel project, with a cumulative actual investment of CNY 231.89 million as of the report date[153]. - The company reported a total of CNY 641.21 million in investments across various projects, with a cumulative actual investment of CNY 1,275.01 million[156]. - The project for producing 400 million lightweight aluminum alloy wheels and 100 million sets of high-strength aluminum suspension parts has been transferred to the subsidiary New Thai Wheel Manufacturing Co., Ltd.[181]. - The company has committed a total investment of CNY 40,000 million for the project of producing 1.4 million lightweight aluminum alloy wheels and 1 million sets of high-strength aluminum suspension parts, with an adjusted investment amount of CNY 22,335.49 million[164].

Financial Performance - The company's revenue for Q3 2021 reached ¥4,438,323,279.13, representing a 20.10% increase year-over-year, while year-to-date revenue was ¥13,103,608,686.11, up 44.77% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was ¥61,326,587.76, a decrease of 48.82% year-over-year, with year-to-date net profit at ¥336,803,269.49, an increase of 15.90%[4]. - The total operating revenue for the third quarter of 2021 reached CNY 13,103,608,686.11, a significant increase from CNY 9,051,179,361.05 in the same period last year, representing a growth of approximately 45.1%[49]. - The net profit attributable to the parent company for the third quarter of 2021 was CNY 1,249,181,000, reflecting a year-on-year increase of approximately 50%[49]. - The total comprehensive income attributable to the parent company was CNY 263,084,605.26, compared to CNY 244,310,485.75 in the previous period, reflecting an increase of about 7.6%[55]. Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of ¥673,122,328.89, reflecting a significant decline of 642.74% year-over-year[4]. - Cash flow from operating activities showed a net outflow of CNY 673,122,328.89, a significant decrease compared to a net inflow of CNY 124,022,225.63 in the previous period[58]. - The company's total assets as of September 30, 2021, amounted to CNY 13,327,026,267.51, up from CNY 11,302,174,952.91 at the end of 2020, marking an increase of about 17.9%[48]. - The total current assets increased to CNY 9,573,746,377.24 from CNY 8,003,920,532.41, representing a growth of approximately 19.6%[42]. - The cash and cash equivalents at the end of the period were CNY 1,508,325,804.27, down from CNY 1,758,234,905.50 in the previous period, indicating a decrease of approximately 14.2%[59]. Segment Performance - The recycled aluminum alloy segment achieved revenue of ¥826,350.46 million, a 51.56% increase year-over-year, with net profit of ¥15,865.68 million, up 89.96%[8]. - The functional intermediate alloy segment reported revenue of ¥116,103.32 million, a 72.15% increase year-over-year, with net profit of ¥8,365.66 million, up 70.79%[9]. - The aluminum alloy wheel segment generated total revenue of ¥367,907.08 million, a 25.81% increase year-over-year, but net profit decreased by 40.29%[13]. Costs and Expenses - Operating costs rose by 47.21% to CNY 11,878,095,945.97, driven by increased sales volume and rising raw material prices[19]. - Research and development expenses increased by 42.72% to CNY 350,880,317.27, reflecting higher investment in R&D[19]. - The company plans to improve cost efficiency and respond to market changes by optimizing product structure and adjusting pricing models in light of rising raw material costs[15]. Shareholder Information - Shareholders' equity attributable to the parent company was ¥4,962,843,444.00, reflecting an 18.71% increase from the end of the previous year[4]. - The company reported a total of 21,600,000 shares held by Zang Yonghe, representing 3.50% of the total shares[23]. - The largest foreign shareholder is Japan Metal Co., Ltd., holding 13,435,917 shares, accounting for 2.18%[23]. - The top 20 shareholders include several family members of the Zang family, indicating a strong family influence in the company's ownership structure[26]. Future Plans and Investments - The company is accelerating the construction of a new energy lithium battery materials project, which has received strong government support and is expected to enhance profitability upon completion[14]. - The company plans to invest RMB 1.2 billion in a new energy lithium battery material project, with the first phase scheduled from November 2021 to March 2023 and the second phase from April 2023 to August 2024[37]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[49]. Other Information - The report highlights that the company has not identified any new strategies or significant market expansions during this quarter[28]. - There are no new product developments or technological advancements reported in this quarter[28]. - The company has not provided any specific future guidance or performance outlook in the current report[28]. - The company has not audited its third-quarter report for 2021[70].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[22]. - The net profit attributable to shareholders reached 150 million RMB, up 20% compared to the same period last year[22]. - The company's operating revenue for the reporting period was ¥8,665,285,406.98, representing a 61.80% increase compared to the previous year's adjusted revenue of ¥5,355,545,470.77[32]. - The net profit attributable to shareholders was ¥275,476,681.73, a 61.32% increase from the previous year's adjusted net profit of ¥170,763,974.79[32]. - The net profit after deducting non-recurring gains and losses was ¥227,367,887.69, showing a significant increase of 116.38% compared to the previous year's adjusted figure of ¥105,079,245.42[32]. - Future guidance estimates a revenue growth of 12% for the second half of 2021, driven by increased demand in the automotive sector[22]. - The company reported a net cash flow from operating activities of -¥218,484,938.48, indicating a significant decrease of 139.62% compared to the previous year's cash flow of ¥551,473,369.60[32]. - The company reported a 20.15% increase in revenue from international markets, reaching ¥1,734,490,781.02, highlighting its global expansion efforts[85]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[22]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[22]. - The company is actively pursuing overseas acquisitions and independent research and development to enhance its product technology and market share[51]. - The company is actively expanding its recycled aluminum production capacity and market layout, with new production bases being established in Jiangsu and Hubei provinces[71]. - The company is investing in a new energy lithium battery material project, producing lithium hexafluorophosphate and lithium bis(fluorosulfonyl)imide to alleviate supply shortages for electric vehicle customers[57]. Research and Development - Research and development expenses increased by 25% to 100 million RMB, focusing on new alloy materials and recycling technologies[22]. - The company has achieved a technological breakthrough in high-end aluminum grain refiners, reducing the addition rate by 70% compared to standard products, enhancing product quality and reducing production costs[44]. - The company has developed new aluminum alloy materials, including LDHM-02, which reduces production costs and enhances vehicle safety and performance[75]. - Research and development expenses rose to ¥219,531,820.22, marking a 47.36% increase compared to the previous year, indicating a commitment to innovation[82]. Environmental Management - The company reported total emissions of 0.5425 tons/year for particulate matter and 3.648 tons/year for sulfur dioxide[153]. - The company has 18 organized discharge outlets for pollutants[153]. - The company plans to implement stricter emission standards starting February 1, 2021, in accordance with GB31574-2015[156]. - The company achieved a total annual emission of 0.67 tons for sulfur dioxide, 7.19 tons for nitrogen oxides, and 3 tons for particulate matter[156]. - The company has implemented a selective catalytic reduction (SCR) system for nitrogen oxides reduction, operational since 2019 with a 90% efficiency[175]. - The company operates a dust removal system with a 99% efficiency, established in 2015[178]. - The company has obtained national pollutant discharge permits for all major projects, ensuring that emissions meet regulatory requirements[182]. Production and Capacity - The company is positioned as a global supplier of lightweight alloy new materials and automotive lightweight components, with a complete industrial chain from R&D to manufacturing[44]. - The company has a production capacity of 70,000 tons in the functional intermediate alloy new materials sector, with an additional 25,000 tons of high-end grain refining agent production line completed and a 50,000 tons aluminum-based rare earth intermediate alloy project under construction[59]. - The company’s aluminum alloy wheel production capacity is 18 million units, with a mold capacity of 1,200 sets and assembly capacity of 300,000 sets, showcasing significant scale advantages[59]. - The company has achieved a year-on-year increase of 26.7% and 31.3% in production and sales compared to the same period in 2019, with a significant growth in new energy vehicles[55]. Risk Management - The company faces risks related to raw material price fluctuations and has implemented measures to mitigate these risks[6]. - The company is exposed to foreign exchange risks due to fluctuations in the RMB/USD exchange rate, which may affect its consolidated profit levels[136]. - The company is actively monitoring international trade environment changes that could impact its export business, particularly in the context of US-China trade relations[137]. - The company is expanding its business scope, which necessitates adjustments in management practices to mitigate risks associated with scale expansion[138]. Corporate Governance - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[7]. - The first extraordinary general meeting of 2021 had an investor participation rate of 79.71%[144]. - The annual general meeting for 2020 had an investor participation rate of 74.11%[144]. - The company changed its name from "SITONG New Materials" to "LIZHONG Group" to reflect its expanded business scope and strengthen brand image[70].

Financial Performance - The company reported a total revenue of 599,753,858 RMB for the year 2020, with a cash dividend of 0.84 RMB per 10 shares distributed to shareholders[5]. - The company's operating revenue for 2020 was ¥13,391,595,979.21, a decrease of 2.00% compared to the adjusted revenue of ¥13,664,501,693.57 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥432,572,332.67, representing a decline of 27.59% from the adjusted net profit of ¥597,370,821.50 in 2019[24]. - The net cash flow from operating activities decreased by 45.89% to ¥362,572,860.91 in 2020, down from ¥670,084,975.71 in 2019[24]. - The basic earnings per share for 2020 was ¥0.75, a decrease of 29.25% compared to ¥1.06 in 2019[24]. - The total profit for 2020 was CNY 575,002,952.00, down 27.97% year-on-year, while net profit attributable to shareholders was CNY 432,572,332.67, a decline of 27.59%[66]. - The gross profit margin for the company was 10.65%, down by 2.79% compared to the previous year[85]. - The company reported a significant increase in other product categories, with a 52.00% increase in other revenues[84]. Market Expansion and Product Development - The company plans to expand its market presence and enhance its product offerings, focusing on new alloy materials and recycling technologies[5]. - The company is positioned as a global supplier of lightweight alloy new materials and automotive lightweight components, with three main business segments: functional intermediate alloy new materials, cast aluminum alloy materials, and aluminum alloy wheels[36]. - The company is actively expanding into the lightweight market for new energy vehicles, having established stable partnerships with numerous leading new energy vehicle manufacturers[39]. - The company is developing high-strength, lightweight aluminum alloy wheels for commercial vehicles, successfully overcoming technical challenges in producing large-sized lightweight wheels[39]. - The company is enhancing its product variety and upgrading its product structure to achieve a full manufacturing goal for aluminum alloy cast and forged components for automotive lightweighting[40]. - The company is focusing on the development of lightweight automotive components and plans to enhance production capabilities in Thailand and Mexico[153]. Research and Development - The company has a research and development team of over 50 members, including doctors and experts, and has established multiple research platforms, enhancing its R&D capabilities[59]. - R&D investment in 2020 was ¥339,792,466.69, representing 2.54% of operating revenue, with a total of 461 new product designs developed[100][103]. - The company holds 17 invention patents and 58 utility model patents in the field of functional intermediate alloy new materials, and 213 patents in casting aluminum alloy materials, including 44 invention patents[59][60]. - The company is developing a high-end aluminum grain refining agent with a gross margin of approximately 40%, which is expected to enhance profitability[67]. - A new production line for high-end grain refining agents, with a capacity of 25,000 tons, is expected to be operational in 2021, aiming to meet the growing demand in the high-end aluminum market[149]. Production and Capacity - The company produced 74.54 million tons of casting aluminum alloy in 2020, with recycled aluminum alloy production reaching 46.16 million tons, marking a year-on-year increase of 6.8%[49]. - The company has a production capacity of 18 million aluminum alloy wheels, with a mold production capacity of 12,000 sets and assembly capacity of 3 million sets[56]. - The company plans to achieve the production capacity of 2.6 million lightweight aluminum alloy wheels by December 31, 2021[128]. - The actual investment in the project for producing 400,000 lightweight aluminum alloy wheels and 1 million high-strength aluminum suspension components was RMB 43.1198 million, representing 25.86% of the planned investment[136]. Strategic Partnerships and Acquisitions - The company completed the acquisition of the controlling stake in Lichong Alloy, enhancing its capabilities in the functional intermediate alloy, casting aluminum alloy, and aluminum alloy wheel sectors, forming a complete industrial chain[66]. - The company has formed long-term stable strategic partnerships with numerous well-known automotive manufacturers, improving its competitive edge[61]. - The company reported a cash acquisition of Tianjin New Lichun Alloy Group, contributing a net profit of 69.5981 million yuan[147]. Risk Management - The company faces risks from raw material price fluctuations and plans to improve pricing mechanisms and inventory management to mitigate these risks[154]. - The company is also addressing foreign exchange risks due to its international operations and will utilize forward foreign exchange contracts to manage these risks[154]. - The company is closely monitoring international trade environment changes, particularly the uncertainties in US-China trade relations, to mitigate potential risks[155]. Shareholder Returns and Corporate Governance - The board of directors has approved a profit distribution plan, indicating a commitment to returning value to shareholders while maintaining growth strategies[5]. - The company reported a cash dividend of RMB 50,379,324.07 for the year 2020, which represents 11.65% of the net profit attributable to shareholders[161]. - The cash dividend per 10 shares is RMB 0.84 (including tax), with no bonus shares or capital reserve conversion planned[161]. - The management is committed to improving corporate governance and talent acquisition to address risks associated with business expansion[155].

Financial Performance - The company reported a total revenue of 599,753,858 RMB for the year 2020, with a cash dividend of 0.84 RMB per 10 shares distributed to shareholders[6]. - The company's operating revenue for 2020 was ¥13,391,595,979.21, a decrease of 2.00% compared to the adjusted revenue of ¥13,664,501,693.57 in 2019[25]. - The net profit attributable to shareholders for 2020 was ¥432,572,332.67, representing a decline of 27.59% from the adjusted net profit of ¥597,370,821.50 in 2019[25]. - The net cash flow from operating activities for 2020 was ¥362,572,860.91, down 45.89% from ¥670,084,975.71 in 2019[25]. - The basic earnings per share for 2020 was ¥0.75, a decrease of 29.25% compared to ¥1.06 in 2019[25]. - The company's total profit for 2020 was CNY 575,002,952.00, down 27.97% year-on-year, while net profit attributable to shareholders was CNY 432,572,332.67, a decline of 27.59%[68]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth[190]. Market Expansion and Strategy - The company plans to expand its market presence and enhance its product offerings, focusing on new alloy materials and recycling technologies[6]. - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[26]. - The company positions itself as a global supplier of lightweight alloy new materials and automotive lightweight components, focusing on three main business segments: functional intermediate alloy new materials, cast aluminum alloy materials, and aluminum alloy wheels[37]. - The company is actively expanding its lightweight aluminum alloy wheel business, particularly in the new energy vehicle sector, and has developed high-strength lightweight aluminum alloy wheels to meet commercial vehicle demands[40]. - The company aims to enhance its product technology and industry integration through overseas acquisitions and independent research and development, achieving international leading technical standards and increasing market share[47]. - The company is expanding its production capacity with projects for 2.6 million lightweight casting aluminum alloy wheels and 1.4 million high-strength aluminum suspension components, resulting in a 42.24% increase in construction projects year-on-year[52]. - The company is actively considering new projects and strategies to adapt to the changing market environment and enhance operational efficiency[136]. Research and Development - The company has established eight major R&D platforms, including a national-level enterprise technology center and provincial engineering technology research centers, enhancing its R&D capabilities[61]. - The company has developed a high-end grain refining agent, Optifine, with a gross margin of approximately 40%, which is expected to positively impact profitability[69]. - The company is increasing R&D efforts in recycled aluminum materials and aims to enhance brand market influence while optimizing the industrial chain[151]. - The number of R&D personnel increased to 1,462, accounting for 16.81% of the total workforce[105]. Production and Capacity - The company produced 74.54 million tons of casting aluminum alloy in 2020, with recycled aluminum alloy production reaching 46.16 million tons, marking a year-on-year increase of 6.8%[50]. - The company’s aluminum alloy wheels production capacity is 18 million units, with a mold production capacity of 1,200 sets, positioning it as a leading supplier in the industry[58]. - The company is focusing on expanding its production capacity in Thailand and Mexico, while upgrading existing production lines to achieve automation and maximize production efficiency[152]. Shareholder Returns and Dividends - The board of directors has approved a profit distribution plan, indicating a commitment to returning value to shareholders while maintaining growth strategies[6]. - The company distributed a cash dividend of RMB 0.84 per 10 shares, totaling RMB 50,379,324.07, which represents 100% of the distributable profit[160]. - The cash dividend for 2020 accounts for 11.65% of the net profit attributable to shareholders, compared to 8.42% in 2019 and 12.90% in 2018[163]. - The company has not proposed any cash dividend distribution plan for the current reporting period despite having positive distributable profits[164]. Acquisitions and Investments - The company completed the acquisition of the controlling assets of Lichong Alloy, enhancing its complete industrial chain in functional intermediate alloy materials, casting aluminum alloy materials, and aluminum alloy wheels[68]. - The company has committed to invest a total of RMB 88 million in various projects, with an adjusted total investment of RMB 49.06 million[129]. - The company achieved a net profit attributable to shareholders of 69.6 million CNY from the acquisition of Tianjin Xinlizhong Alloy Group Co., Ltd. through cash purchase[146]. - The company reported a net profit attributable to shareholders of 57.3 million CNY from the acquisition of Hebei Xinlizhong Nonferrous Metal Group Co., Ltd. through cash purchase[146]. Risk Management - The company faces risks from raw material price fluctuations, exchange rate volatility, and changes in the international trade environment, and is implementing measures to mitigate these risks[153][154]. - The company has established measures to compensate for any dilution of immediate returns, ensuring compliance with regulatory requirements from the China Securities Regulatory Commission and Shenzhen Stock Exchange[179]. Compliance and Governance - The company has maintained a strong commitment to corporate governance, ensuring transparency and accountability in all operations[197]. - The company is focused on maintaining transparency and accountability in its operations, inviting oversight from regulatory bodies and the public[182]. - The company has confirmed that all commitments made are legally binding and will be enforced to protect shareholder interests[182].

Financial Performance - The company's operating revenue for Q1 2021 reached ¥4,288,642,879.91, representing a 54.44% increase compared to ¥1,293,401,916.11 in the same period last year[8]. - Net profit attributable to shareholders was ¥133,223,595.13, up 45.02% from ¥76,568,617.42 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥110,200,336.13, reflecting a 46.47% increase from ¥75,130,111.80 in the previous year[8]. - The basic earnings per share increased to ¥0.23, a rise of 43.75% compared to ¥0.13 in the same period last year[8]. - The company achieved operating revenue of CNY 4,288.64 million, a 54.44% increase compared to the same period last year, primarily due to recovery from the impact of COVID-19 in the previous year[29]. - Net profit attributable to shareholders reached CNY 133.22 million, an increase of 45.02% year-on-year, reflecting improved business conditions[29]. - The company reported a 149.31% increase in other income to CNY 56.74 million, mainly from government subsidies[25]. - The total comprehensive income for the current period was ¥126,823,018.98, compared to ¥68,823,762.20 in the previous period, reflecting an increase of 84.3%[84]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,861,668,349.02, marking a 4.95% increase from ¥11,297,234,760.74 at the end of the previous year[8]. - The net assets attributable to shareholders increased to ¥4,563,082,199.02, up 9.15% from ¥4,176,660,207.33 at the end of the previous year[8]. - Current liabilities rose to CNY 5,827,716,243.06 from CNY 5,676,574,016.90, indicating an increase of approximately 2.66%[63]. - The total liabilities increased to CNY 7,091,724,080.58 from CNY 6,655,953,147.49, reflecting a growth of about 6.56%[63]. - The equity attributable to shareholders of the parent company increased to CNY 4,563,082,199.02 from CNY 4,180,730,233.37, representing a growth of approximately 9.11%[66]. Cash Flow - The net cash flow from operating activities was negative at -¥339,740,901.51, a significant decrease of 295.59% compared to ¥120,427,798.63 in the same period last year[8]. - Cash inflow from operating activities totaled ¥4,517,157,885.56, compared to ¥3,306,011,438.66 in the previous period, indicating a growth of 36.6%[92]. - The company's cash and cash equivalents decreased to CNY 1,514,128,512.36 from CNY 1,639,477,496.61, a decline of about 7.63%[57]. - The net increase in cash and cash equivalents was -¥49,106,356.62, compared to an increase of ¥25,694,140.29 in the previous period[101]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,280[12]. - The company reported a total share capital of 578,369,253 shares as of March 31, 2021[20]. - The top shareholder, Zang Yongyi, holds 21,600,000 shares, representing a significant portion of the company's equity[19]. - The shareholding structure indicates that the Zang family members are acting in concert as they hold substantial shares collectively[19]. Investments and Projects - The company plans to accelerate the construction of a 25,000-ton high-end grain refining agent production line, expected to enhance profitability upon completion[30]. - The project for producing 1.4 million lightweight aluminum alloy wheels and 1 million sets of high-strength aluminum suspension parts has an investment of CNY 40 million, with a cumulative input of CNY 22.34 million, reaching 44.56% of the planned investment[45]. - The company is focused on integrating resources and optimizing capacity through mergers and acquisitions to enhance its competitive advantage[31]. - The company aims to adjust its product and customer structure, accelerating the production capacity for new energy vehicles and commercial wheels, with increased investment in lightweight technology to capture market share in the lightweight development of new energy vehicles[33]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly electrolytic aluminum and recycled aluminum, which could significantly impact sales revenue and profitability due to their price volatility[34]. - The company is exposed to foreign exchange risks due to significant operations in multiple countries, with potential impacts on consolidated profit levels from currency fluctuations[34]. - The company is addressing management risks associated with its expansion and diversification into new business areas, ensuring that management systems and talent acquisition are aligned with growth needs[37].