Financial Performance - Revenue for Q1 2022 was CNY 163,858,678.52, an increase of 3.85% compared to CNY 157,781,316.06 in the same period last year[3] - Net profit attributable to shareholders was CNY 5,030,780.59, representing a growth of 26.03% from CNY 3,991,591.90 year-on-year[3] - The total comprehensive income for the first quarter of 2022 was CNY 5,037,390.93, an increase from CNY 3,963,292.93 in the same period last year, representing a growth of approximately 27.1%[25] - Net profit for the current period was ¥5,037,235.92, representing a 27.06% increase from ¥3,963,807.89 in the previous period[24] - The company announced a projected net profit increase of 34.37% to 51.60% for the fiscal year 2021 compared to the previous year[16] Cash Flow - The net cash flow from operating activities reached CNY 20,972,371.98, up by 7.95% from CNY 19,428,749.91 in the previous year[3] - The net cash flow from operating activities was CNY 20,972,371.98, compared to CNY 19,428,749.91 in the previous year, indicating an increase of about 7.9%[29] - The net cash flow from investing activities was -CNY 12,806,618.00, worsening from -CNY 7,646,005.32 year-on-year[29] - The company’s net increase in cash and cash equivalents was -CNY 18,004,298.85, compared to -CNY 9,958,785.04 in the same period last year, indicating a worsening cash position[29] - Cash and cash equivalents at the end of the period stood at CNY 54,637,687.28, down from CNY 72,641,986.13 at the beginning of the period, a decrease of about 24.8%[29] Assets and Liabilities - Total assets decreased by 4.86% to CNY 1,047,911,275.33 from CNY 1,101,409,440.12 at the end of the previous year[3] - The company's total assets decreased to ¥1,047,911,275.33 from ¥1,101,409,440.12, a decline of approximately 4.87%[21] - Current assets totaled ¥540,792,512.30, down 8.80% from ¥592,925,072.24 at the beginning of the year[20] - Total liabilities decreased to ¥534,050,147.04 from ¥593,509,199.10, a reduction of 10.00%[21] - The company's equity attributable to shareholders increased to ¥513,328,609.08 from ¥507,374,177.14, an increase of 1.88%[21] Shareholder Information - As of March 31, 2022, the total number of restricted shares held by major shareholders was 122,850,619 shares[15] - The company has a commitment to release 25% of restricted shares annually based on the previous year's holdings for certain executives[14] - The company reported no new restricted shares added during the current period for major shareholders[15] - The company’s major shareholder, Hu Zhijun, has 50,057,175 shares under initial lock-up, which will be released according to a specific schedule[13] - The company continues to monitor and manage its shareholder structure to ensure stability and compliance[16] Regulatory Compliance - The company received a regulatory letter from the Shenzhen Stock Exchange regarding its controlling shareholder on March 24, 2022[17] - The company is focused on maintaining compliance with regulatory requirements as evidenced by the recent regulatory correspondence[17] Costs and Expenses - Total operating costs amounted to ¥159,763,636.57, up from ¥152,024,867.24, reflecting a rise of 5.14%[23] - Tax expenses increased by 31.88% to CNY 367,149.05 compared to the same period last year[9] - Financial expenses rose by 41.61% to CNY 1,139,457.93, mainly due to increased borrowing interest costs[9] Stock Incentive Plans - The company has ongoing stock incentive plans with varying percentages of share release scheduled from 30% to 50% over the next few years[14] - The company’s stock incentive plans are designed to align executive interests with shareholder value[14] Trading and Receivables - The balance of trading financial assets increased by 59.30% to CNY 153,660.00 due to increased forward foreign exchange transactions[8] - The balance of receivables financing decreased by 93.56% to CNY 7,270,000.00, primarily due to a reduction in accepted bills used for financing[8] - Sales revenue from goods and services received cash amounted to CNY 186,266,133.05, up from CNY 152,156,415.83, reflecting a growth of approximately 22.4%[27]

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.80 CNY per 10 shares to all shareholders, based on a total of 222,139,531 shares [4]. - The company has no plans for bonus shares or capital increase through capital reserves for this period [4]. - The cash dividend distribution represents 100% of the total profit distribution amount, with no stock dividends or capital reserve transfers involved [151]. - The company maintains a cash dividend policy that requires a minimum of 20% of distributable profits to be allocated as cash dividends during profit distribution [151]. - The company’s profit distribution plan must be approved by the board of directors and subsequently by the shareholders' meeting, with a two-thirds majority required for approval [149]. - The company’s profit distribution policy allows for adjustments based on significant changes in the operating environment or a decline in net profit or cash flow exceeding 20% compared to the previous year [149]. - The company’s retained earnings will be carried forward for future distribution after the current year's profit distribution [153]. - The company ensures that minority shareholders have the opportunity to express their opinions and that their rights are adequately protected during the profit distribution process [151]. Financial Performance - The company's operating revenue for 2021 was CNY 696,017,062.82, representing a 20.38% increase compared to CNY 578,167,831.67 in 2020 [5]. - The net profit attributable to shareholders for 2021 was CNY 22,055,037.32, a 51.98% increase from CNY 14,512,225.92 in 2020 [5]. - The net profit after deducting non-recurring gains and losses was CNY 18,696,861.15, up 63.21% from CNY 11,455,370.28 in 2020 [5]. - The net cash flow from operating activities was CNY 75,600,656.38, an increase of 18.82% from CNY 63,627,352.79 in 2020 [5]. - The total assets at the end of 2021 were CNY 1,101,409,440.12, a 4.44% increase from CNY 1,054,600,066.54 at the end of 2020 [5]. - The company's basic earnings per share for 2021 was CNY 0.100, a 42.86% increase from CNY 0.070 in 2020 [5]. - The total revenue for 2021 was 142.641 million, representing a year-on-year increase of 4.328% [122]. - The company reported a net profit of 35.5 million, with a profit margin of approximately 24.9% [122]. Research and Development - The company focuses on independent R&D and has established a collaborative R&D system to enhance product variety and value [42]. - Research and development expenses increased by 18.46% to ¥26,807,125.70 compared to the previous year [68]. - The number of R&D personnel increased by 0.81% to 125, with R&D personnel accounting for 12.33% of the total workforce [72]. - R&D investment amounted to ¥26,807,125.70, representing 3.85% of operating revenue [72]. - The company plans to increase R&D investment in precision molds, gear transmission, lightweight applications for new energy vehicles, and heat dissipation modules [104]. - The company has committed to investing 100 million RMB in R&D to innovate and improve existing technologies over the next three years [178]. Market Expansion and Product Development - The company aims to further expand its market presence in the smart home sector while consolidating existing customer relationships [29]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2024 [124]. - New product development includes the launch of a precision mold series, expected to contribute an additional 20 million in revenue in 2022 [124]. - A strategic acquisition of a local competitor is under consideration to enhance production capabilities and market reach [126]. - The company aims to launch three new products in the next quarter, expected to contribute an additional 100 million RMB in revenue [186]. Corporate Governance - The company has established a modern corporate governance structure, including a shareholder meeting, board of directors, supervisory board, and management team [118]. - The company maintains complete independence in operations, assets, personnel, finance, and business from its controlling shareholders [118]. - The independent directors have actively participated in monitoring the company's development and governance, ensuring the protection of investor interests [116]. - The company emphasizes transparent investor relations, providing multiple communication channels for timely information access [117]. - The company held 3 shareholder meetings during the reporting period, all in compliance with the regulations of the "Listed Company Shareholder Meeting Rules" [114]. Risk Management - The company faces risks from raw material price fluctuations, market competition, and foreign exchange volatility, and plans to implement strategies to mitigate these risks [107][109]. - The company has committed to bear all economic losses and related costs if any of its subsidiaries face production disruptions due to lease agreements [183]. - The company reported a tax reduction of 77.34 million yuan due to local tax incentives in Shenzhen, which poses a risk of potential tax repayment by the relevant authorities [185]. Employee Welfare and Development - The company has a structured performance evaluation system to incentivize employee performance through basic salaries and performance bonuses [141]. - The company has established a comprehensive annual training plan covering lean production, skills training, quality management, and safety [142]. - The company emphasizes employee welfare by providing benefits such as transportation, holiday gifts, and various employee activities [141]. - The company has a total of 31 retired employees for whom it bears costs, reflecting its commitment to employee welfare [140]. Investment and Financial Management - The company has implemented a centralized procurement model to effectively reduce costs while ensuring quality [43]. - The company has reported a significant increase in fixed asset investments, which contributed to the cash outflow in investing activities [73]. - The company’s total liabilities included short-term loans of ¥280,676,666.60, which accounted for 25.48% of total assets, reflecting a slight increase from the previous year [78]. - The company has established a link between the compensation measures and the performance of its stock incentive plans [197]. Strategic Initiatives - The company is actively pursuing new projects while managing risks associated with external factors [86]. - The company aims to become a leading global solution provider in precision manufacturing within 5-10 years, focusing on technology and innovation [103]. - The company is committed to maintaining high standards of corporate governance, as evidenced by the unanimous approval of various proposals by the board [135].

证券代码：300539 证券简称：横河精密 公告编号：2021-063 转债代码：123013 转债简称：横河转债 宁波横河精密工业股份有限公司 关于参加"宁波辖区 2021 年上市公司投资者网上 集体接待日活动"的公告 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。 为推动宁波辖区上市公司进一步做好投资者关系管理工作，加强与广大投资 者的沟通与交流，切实提高上市公司透明度和治理水平，宁波证监局与宁波上市 公司协会、深圳市全景网络有限公司联合举办"宁波辖区 2021 年上市公司投资 者网上集体接待日活动"。活动于 2021 年 11 月 18 日下午 15：00—17:00 举行， 平台登录地址为：https://rs.p5w.net/。 届时，公司高管人员将参加本次活动，通过网络在线交流形式，就公司治理、 发展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行"一对 多"形式的沟通与交流。欢迎广大投资者踊跃参与！ 特此公告。 宁波横河精密工业股份有限公司 董 事 会 2021 年 11 月 10 日 ...

宁波横河精密工业股份有限公司 2021 年第三季度报告 宁波横河精密工业股份有限公司 2021 年第三季度报告 1 宁波横河精密工业股份有限公司 2021 年第三季度报告 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: □ 适用 √ 不适用 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 董事、监事、高级管理人员是否存在对季度报告内容存在异议或无法保证其真实、准确、完整的情况 □ 是 √ 否 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 4.审计师发表非标意见的事项 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 330,765,680.81, representing a 32.38% increase compared to CNY 249,854,809.66 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached CNY 9,012,981.75, a significant increase of 300.03% from CNY 2,253,101.19 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 7,865,577.83, up 561.48% from CNY 1,189,089.36 year-on-year[23]. - The basic earnings per share increased to CNY 0.04, a 300.00% rise compared to CNY 0.01 in the same period last year[23]. - The diluted earnings per share reached CNY 0.04, reflecting a 900.00% increase from CNY 0.004 in the previous year[23]. - The company's total assets at the end of the reporting period were CNY 1,045,557,233.72, a decrease of 0.86% from CNY 1,054,600,066.54 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 491,082,484.29, down 1.34% from CNY 497,750,189.03 at the end of the previous year[23]. - The net cash flow from operating activities was CNY 22,979,454.05, a decrease of 32.37% compared to CNY 33,978,730.74 in the same period last year[23]. Revenue and Profit Growth - The growth in revenue and profit was driven by increased domestic demand for core components due to intensified global trade competition[30]. - The company achieved operating revenue of 330.77 million CNY, a year-on-year increase of 32.38%[30]. - The net profit attributable to shareholders was 9.01 million CNY, reflecting a significant year-on-year growth of 300.03%[30]. - The company has successfully developed and mass-produced multiple core component projects for home appliances and automotive sectors, enhancing its core competitiveness[30]. - The company has focused on cost control and management improvements, contributing to stable business growth[30]. Industry Trends - The plastic products industry in China saw a production increase of 18.20% in the first half of 2021, with total profits rising by 24.9%[34]. - The automotive parts industry is increasingly important, with China's vehicle production and sales growing by 24.2% and 25.6% respectively in the first half of 2021[36]. - In the first half of 2021, China's home appliance market retail sales reached CNY 429.3 billion, a year-on-year increase of 16.3%[37]. - The contribution rate of e-commerce channels to home appliance retail reached 53.65%, indicating a significant shift towards online consumption[37]. Research and Development - Research and development expenses rose by 39.23% to ¥13,340,287.99, reflecting increased internal R&D investments[45]. - The company has a strong focus on R&D and innovation, having accumulated extensive experience in precision plastic mold design and manufacturing[40]. - The company remains committed to the development of precision plastic components, focusing on high-quality service for clients in the home appliance and automotive industries[31]. Investment and Expansion - The company is strategically expanding its market presence and enhancing its product structure to improve profitability and competitiveness[32]. - The company has established subsidiaries to invest in automotive electrical projects, aligning with the growing demand in the automotive parts sector[35]. - The company is actively expanding its automotive parts business, leveraging its advantages in large and complex injection mold production[61]. - The company reported a total investment of 133.05 million in the Haidexin project, with a cumulative actual investment of 9.777 billion, reflecting a 21.59% completion rate as of the reporting date[60]. Financial Management - The company has established a comprehensive risk management framework to address potential risks from raw material price fluctuations and market competition[86]. - The company has a robust management team with extensive industry experience, enabling effective decision-making and operational efficiency[43]. - The company has not encountered any significant changes in the feasibility of the investment projects funded by the raised capital[71]. Shareholder and Stock Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[7]. - The company has a total of 21.97 million RMB in the special account for raised funds, with 5.10 million RMB used to replace self-raised funds previously invested in projects[72]. - The company has a stock incentive plan that allows for a 30% release of restricted shares annually based on the number of shares held at the end of the previous year[139]. - The company’s stock issuance and incentive plans are in compliance with relevant regulations and have been independently verified[141]. Risk Factors - The company faces a high customer concentration risk, with sales to the top five customers accounting for 64.38% of total revenue as of December 31, 2020[81]. - The company has adopted a cautious investment strategy since 2019, influenced by macroeconomic factors such as the US-China trade war and the pandemic[64]. - The company is evaluating customer and project risks to prioritize and select projects, which has resulted in fewer new projects than anticipated[62]. Miscellaneous - The company has not reported any changes in the projects funded by the raised capital during the reporting period[73]. - The company has not experienced any major litigation or arbitration matters during the reporting period[110]. - The company has not engaged in any significant related party transactions during the reporting period[112].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 330,765,680.81, representing a 32.38% increase compared to CNY 249,854,809.66 in the same period last year[24]. - The net profit attributable to shareholders of the listed company reached CNY 9,012,981.75, a significant increase of 300.03% from CNY 2,253,101.19 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 7,865,577.83, up 561.48% from CNY 1,189,089.36 year-on-year[24]. - The basic earnings per share increased to CNY 0.04, a 300.00% rise compared to CNY 0.01 in the same period last year[24]. - The diluted earnings per share reached CNY 0.04, reflecting a 900.00% increase from CNY 0.004 in the previous year[24]. - The company achieved operating revenue of 330.77 million CNY, a year-on-year increase of 32.38%[31]. - The net profit attributable to shareholders was 9.01 million CNY, reflecting a significant year-on-year growth of 300.03%[31]. Cash Flow and Investments - The net cash flow from operating activities was CNY 22,979,454.05, down 32.37% from CNY 33,978,730.74 in the same period last year[24]. - Cash flow from investing activities showed a net outflow of ¥23,493,242.59, a significant increase of 225.58% compared to the previous year, due to higher cash payments for fixed assets and intangible assets[47]. - Cash flow from financing activities improved by 34.55%, with a net outflow of ¥23,319,530.96, attributed to increased cash received from borrowings compared to the previous year[47]. - The company reported a total investment of 133.05 million in the automotive parts manufacturing project, with an expected return of 288.78%[62]. - The company has invested 213.33 million RMB in the committed investment projects, achieving a completion rate of 99.63%[73]. Research and Development - The company has increased its R&D investment and actively expanded its market presence, enhancing its core competitiveness[31]. - Research and development expenses increased by 39.23% to ¥13,340,287.99, attributed to higher internal R&D investments during the reporting period[47]. - The company aims to enhance its research and development capabilities for new products and technologies in the automotive sector[66]. Market and Industry Trends - The domestic plastic products industry saw a production increase of 18.20% year-on-year, with total profits rising by 24.9% in the first half of 2021[35]. - The automotive parts industry experienced a production and sales growth of 24.2% and 25.6% respectively in the first half of 2021[37]. - In the first half of 2021, China's home appliance market retail sales reached CNY 429.3 billion, a year-on-year increase of 16.3%[38]. - The contribution rate of e-commerce channels to home appliance retail reached 53.65%, indicating a significant shift towards online consumption[38]. Corporate Governance and Shareholder Management - The company has established a comprehensive governance structure to mitigate risks associated with its actual controllers[85]. - The actual controllers hold 63.63% of the company's shares, which may influence operational and financial decisions[85]. - The company has a high customer concentration risk, with sales to the top five customers accounting for 64.38% of total revenue as of December 31, 2020[83]. - The company has not encountered any significant changes in the feasibility of the investment projects[73]. Stock and Equity Management - The company changed its name to "Ningbo Henghe Precision Industry Co., Ltd." and the stock abbreviation to "Henghe Precision" while maintaining the stock code "300539" as of May 17, 2021[130][131]. - The company granted 265,000 restricted stock units to 20 eligible participants at a price of 3.47 yuan per share on April 26, 2021[128]. - The company has implemented a stock incentive plan with various executives, with specific numbers of shares set to be released in the coming years[141]. - The total number of shares held by major shareholders remains unchanged at 53,244,675 for Hu Zhijun and 52,810,910 for Huang Xiuzhu, both with a 25% release commitment[140]. Risk Factors - The company faces risks from fluctuations in raw material prices, particularly for plastic pellets, which could impact operating costs[88]. - The company has faced challenges in project development due to external factors such as the COVID-19 pandemic and adverse weather conditions, impacting construction progress[65]. - The company is adapting its investment strategies in response to macroeconomic factors such as the US-China trade war and the ongoing pandemic[66].

Financial Performance - The company's revenue for Q1 2021 was ¥157,781,316.06, representing a 92.50% increase compared to ¥81,962,504.51 in the same period last year[8]. - Net profit attributable to shareholders was ¥3,991,591.90, a significant turnaround from a loss of ¥3,040,119.56, marking a 231.30% increase[8]. - The net profit after deducting non-recurring gains and losses was ¥3,464,225.89, up 195.61% from a loss of ¥3,623,348.42 in the previous year[8]. - The basic earnings per share increased to ¥0.02 from a loss of ¥0.01, reflecting a 300.00% improvement[8]. - In Q1 2021, the company's operating revenue increased by CNY 75,818,811.55, a rise of 92.50% year-on-year, primarily due to successful business strategies and a low base effect from the previous year's pandemic impact[20]. - The net profit attributable to shareholders in Q1 2021 was CNY 3,991,591.90, a significant increase of 231.30% year-on-year[20]. - The total operating revenue for the first quarter of 2021 was CNY 157,781,316.06, compared to CNY 81,962,504.51 in the same period last year, indicating a significant increase[54]. - The total operating costs for the first quarter of 2021 were CNY 152,024,867.24, up from CNY 84,991,923.10 in the previous year[55]. - The net profit for the first quarter was CNY 3,963,807.89, a turnaround from a net loss of CNY 3,218,437.27 in the same period last year[56]. - The total profit for the first quarter was CNY 4,834,142.92, compared to a loss of CNY 2,699,490.84 in the same period last year[56]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,031,595,001.14, a decrease of 2.18% from ¥1,054,600,066.54 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 0.99% to ¥502,684,495.12 from ¥497,750,189.03[8]. - The company's total assets as of March 31, 2021, were CNY 878,485,987.70, slightly down from CNY 883,424,993.94 at the end of 2020[51]. - The total liabilities decreased to CNY 530,453,330.35 from CNY 558,364,917.83 year-over-year[49]. - The total liabilities increased to CNY 558,364,917.83 from CNY 563,389,142.16, reflecting a slight decrease[72]. - The total current liabilities were CNY 347,198,123.69, while total non-current liabilities were CNY 40,245,544.54, leading to a total liabilities of CNY 387,443,668.23[75]. Cash Flow - The net cash flow from operating activities was ¥19,428,749.91, down 32.12% from ¥28,621,913.08 in the same period last year[8]. - The net cash flow from operating activities decreased by CNY 9,193,163.17 in Q1 2021, down 32.12%, mainly due to increased cash payments for goods and services[19]. - The company reported a cash flow from operating activities of CNY 19,428,749.91, down from CNY 28,621,913.08 in the previous period[64]. - Operating cash flow for the first quarter was CNY 11,418,594.51, a decrease of 25.1% compared to CNY 15,248,895.76 in the previous year[67]. - Cash inflow from financing activities totaled CNY 68,069,947.10, compared to CNY 12,800,040.98 in the previous year, marking a substantial increase[68]. - Net cash flow from financing activities was a negative CNY 21,679,015.67, an improvement from a negative CNY 46,055,490.27 in the previous year[68]. Research and Development - R&D expenses increased by CNY 2,158,427.56 in Q1 2021, up 47.13%, reflecting a rise in R&D investment compared to the same period last year[18]. - The company reported a research and development expense of CNY 6,738,589.51, compared to CNY 4,580,161.95 in the previous year, reflecting an increase in R&D investment[55]. - Research and development expenses increased to CNY 4,574,341.83 from CNY 2,703,832.32 in the previous period, reflecting a focus on innovation[59]. Market and Strategic Initiatives - The company is actively expanding into the automotive parts market, which is expected to grow due to increasing vehicle ownership in China[23]. - The company plans to continue focusing on investment in new technologies and market expansion strategies to drive future growth[69]. - The company has committed to a new project with an annual production capacity of 5 million automotive functional parts, which is expected to be completed by December 31, 2021[37]. Governance and Risk Management - The company faces risks related to customer concentration, with the top five customers accounting for 63.17% of total revenue as of December 31, 2020[21]. - The company has established a comprehensive governance structure and internal control systems to mitigate risks associated with actual controllers and management[22]. - The company faces risks related to natural disasters and public events that could impact operations and profitability[24]. - There are uncertainties regarding the expected benefits of fundraising projects due to potential changes in market demand and regulatory support[24]. - The actual controllers of the company, Hu Zhijun and Huang Xiuzhu, have committed to avoiding any business activities that may directly or indirectly compete with the company's main business[29]. - The company has taken measures to ensure its independence in assets, operations, personnel, finance, and institutions[29]. Commitments and Legal Responsibilities - The company has committed to measures to ensure the compensation for any dilution of immediate returns due to the issuance of convertible bonds[28]. - The controlling shareholders have expressed their intention to hold shares long-term, with a potential reduction of up to 20% of their holdings after the lock-up period[28]. - The company has established a commitment to not occupy the funds of its subsidiaries through loans or other means[29]. - The company has promised to compensate for any economic losses caused by violations of commitments related to labor dispatch and other financial obligations[30]. - The company will ensure strict adherence to all public commitments made during the IPO process, accepting social supervision[32]. - The company will publicly disclose reasons for any failure to fulfill commitments and apologize to shareholders and the public[32]. - The company will use its own funds to compensate investors for direct losses incurred due to reliance on unfulfilled commitments[32]. - The company will extend the lock-up period for shares held by individuals who fail to fulfill commitments until all negative impacts are resolved[32]. - The company reported a commitment to ensure the accuracy and completeness of the prospectus, taking legal responsibility for any false statements or omissions[31]. - The company will initiate compensation for investors within three working days if any false statements or omissions are identified by regulatory authorities[32].

Financial Performance - The company's operating revenue for Q1 2021 was ¥157,781,316.06, representing a 92.50% increase compared to ¥81,962,504.51 in the same period last year[8] - Net profit attributable to shareholders was ¥3,991,591.90, a significant turnaround from a loss of ¥3,040,119.56, marking a 231.30% increase[8] - The net profit after deducting non-recurring gains and losses was ¥3,464,225.89, compared to a loss of ¥3,623,348.42, reflecting a 195.61% improvement[8] - The basic earnings per share increased to ¥0.02 from a loss of ¥0.01, representing a 300.00% increase[8] - In Q1 2021, the company's operating revenue increased by CNY 75,818,811.55, a rise of 92.50% year-on-year, primarily due to stable market conditions and low base effects from the previous year's pandemic impact[17] - The net profit attributable to shareholders in Q1 2021 was CNY 3,991,591.90, a significant increase of 231.30% year-on-year[20] - The net profit for the first quarter of 2021 was CNY 4,277,321.04, a significant increase of 83.5% compared to CNY 2,333,271.90 in the same period last year[60] - The company reported a total comprehensive income of CNY 3,963,292.93 for Q1 2021, compared to a loss of CNY 3,210,076.16 in Q1 2020[57] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,031,595,001.14, a decrease of 2.18% from ¥1,054,600,066.54 at the end of the previous year[8] - The company's total assets reached ¥1,059,624,290.87 in Q1 2021, up from ¥1,054,600,066.54 in Q1 2020, indicating a slight growth in asset value[72] - The company's total liabilities were RMB 530,453,330.35, down from RMB 558,364,917.83, indicating a decrease of about 4.99%[48] - The total liabilities increased to ¥563,389,142.16 in Q1 2021 from ¥558,364,917.83 in Q1 2020, reflecting a rise in both current and non-current liabilities[72] - The company's current assets totaled RMB 515,133,955.40, down from RMB 546,850,485.69 at the end of 2020, indicating a decrease of about 5.79%[46] Cash Flow - The net cash flow from operating activities was ¥19,428,749.91, down 32.12% from ¥28,621,913.08 in the same period last year[8] - The cash flow from operating activities was impacted by an increase in payments for goods and services, totaling CNY 110,183,630.69, compared to CNY 72,256,715.24 last year[64] - The net cash flow from financing activities was negative at -¥17,630,843.57 in Q1 2021, compared to -¥45,465,563.65 in Q1 2020, showing an improvement in financing efficiency[68] Investments and R&D - R&D expenses in Q1 2021 increased by CNY 2,158,427.56, up 47.13% year-on-year, reflecting a rise in R&D investment compared to the same period last year[18] - The company reported a total cash inflow from investment activities of CNY 14,113,363.02, a decrease of 70% from CNY 47,099,043.01 in the previous year[65] - The company’s investment income in Q1 2021 decreased by CNY 65,599.99, a decline of 84.69% year-on-year, primarily due to reduced financial investment returns[18] Shareholder Commitments and Governance - The actual controllers of the company, Hu Zhijun and Huang Xiuzhu, have committed to avoiding any business activities that may directly or indirectly compete with the company's main business[29] - The company has ensured its independence in assets, operations, personnel, finance, and organization as per legal regulations[29] - The company reported a commitment to ensure the accuracy and completeness of the prospectus, taking legal responsibility for any false statements or omissions[30] - The controlling shareholders pledged to facilitate the buyback of all newly issued shares if any significant misrepresentation is identified by regulatory authorities[31] - The company has established a framework to protect the rights and interests of its shareholders against potential conflicts[29] Risks and Challenges - The company faces customer concentration risk, with the top five customers accounting for 63.17% of total revenue as of December 31, 2020[21] - The company faces risks related to natural disasters and public events that could impact operations and profitability[24] - There are uncertainties regarding the expected benefits of fundraising projects due to potential changes in national policies, funding availability, and market demand[24] Market Expansion - The company is actively expanding into the automotive parts market, which is expected to grow due to increasing vehicle ownership in China[23] - The project for producing 500,000 automotive functional parts, automotive lighting, and high-end interior and exterior parts is ongoing, with a planned completion date extended to December 31, 2021[37]

Financial Performance - The company's operating revenue for 2020 was CNY 578,167,831.67, representing a 3.86% increase compared to CNY 556,667,685.71 in 2019[25]. - The net profit attributable to shareholders for 2020 was CNY 14,512,225.92, a significant increase of 48.67% from CNY 9,761,176.96 in 2019[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,455,370.28, up 61.31% from CNY 7,101,526.19 in 2019[25]. - The net cash flow from operating activities reached CNY 63,627,352.79, marking a 93.08% increase from CNY 32,953,201.24 in 2019[25]. - Basic earnings per share for 2020 were CNY 0.070, a 75.00% increase compared to CNY 0.04 in 2019[25]. - Total assets at the end of 2020 amounted to CNY 1,054,600,066.54, reflecting a 5.10% increase from CNY 1,003,458,465.85 at the end of 2019[25]. - The net assets attributable to shareholders at the end of 2020 were CNY 497,750,189.03, which is a 1.76% increase from CNY 489,120,955.59 at the end of 2019[25]. - The company's total revenue for Q1, Q2, Q3, and Q4 were approximately ¥81.96 million, ¥167.89 million, ¥151.30 million, and ¥177.01 million respectively, showing a significant increase in Q2 and Q4[28]. - The net profit attributable to shareholders for Q1 was a loss of approximately ¥3.04 million, while Q2, Q3, and Q4 reported profits of approximately ¥5.29 million, ¥5.91 million, and ¥6.35 million respectively, indicating a recovery in profitability[28]. - The net cash flow from operating activities was approximately ¥28.62 million in Q1, dropping to ¥5.36 million in Q2, and then recovering to ¥28.25 million in Q4, reflecting fluctuations in cash generation[28]. Market and Industry Insights - The company is actively expanding into the automotive parts market, which is expected to continue growing due to increasing vehicle ownership in China[11]. - The automotive parts industry is crucial for the company's operations, providing essential components for vehicle manufacturing, and is expected to grow with the globalization of the economy[39]. - The overall plastic products industry in China faced a production decline of 6.45% in 2020, but the profit increased by 18.39%, indicating resilience amid economic challenges[39]. - The household appliance market in China reached a retail scale of 833.3 billion yuan in 2020, demonstrating resilience despite the pandemic, with significant growth in high-end and small household appliances[41]. - The automotive parts market is expected to align with international advanced levels, driven by government support for energy-saving and new energy vehicles as outlined in "Made in China 2025"[40]. - The demand for precision injection molds and injection parts is projected to expand due to the increasing shift towards high-end products and enhanced service offerings[101]. - The plastic processing industry in China is transitioning to a mature phase, with a stable growth rate expected, driven by high-end applications and technological advancements[99]. Investment and Projects - The company plans to build a new project with an annual production capacity of 5 million automotive functional parts and 700 million automotive plastic components[9]. - The company plans to raise up to CNY 14,000,000 through convertible bonds for new projects, including an annual production capacity of 5 million automotive functional parts[25]. - The company is implementing a project in Ningbo to produce 5 million automotive functional parts and high-end interior and exterior components[25]. - The company is also developing a project in Jiaxing for the production of 160 sets of precision injection molds and 7 million automotive plastic parts annually[25]. - The company is actively developing new projects, with ongoing efforts to enhance product development and technological innovation[85]. - The company aims to ensure orderly progress in new project development despite external uncertainties[85]. Risk Management - The company has established a comprehensive foreign exchange management system to mitigate risks from currency fluctuations[7]. - The company faces risks related to raw material price fluctuations, particularly for plastic pellets, which can impact operating performance[12]. - The company acknowledges the potential impact of natural disasters and public emergencies on its operations and profitability[14]. - The company has implemented a cautious investment strategy in response to macroeconomic uncertainties[86]. - The company is assessing customer and project risks to selectively choose projects for investment, aligning with industry development trends[83]. Governance and Shareholder Relations - The company has implemented a robust governance structure to protect minority shareholders from potential adverse effects of the controlling shareholders[8]. - The company will distribute a cash dividend of 0.8 yuan per 10 shares (including tax) based on a total of 221,993,208 shares[14]. - The company implements a profit distribution policy prioritizing cash dividends, with a minimum of 20% of distributable profits allocated for cash dividends annually[110]. - The cash dividend distribution represents 122.38% of the net profit attributable to ordinary shareholders for 2020[123]. - The company has committed to measures to ensure the compensation plan is linked to the execution of its return compensation measures[124]. - The controlling shareholders have pledged not to interfere with the company's management activities or infringe on its interests[125]. - The company has established a long-term commitment to protect the legitimate rights and interests of small investors[125]. Financial Management - The company has engaged in financial management, with a total of 37 million RMB in bank wealth management products, and 4 million RMB overdue[158]. - The company’s cash and cash equivalents increased by 50.77% to 29.6 million yuan due to improved cash flow and concentrated collections at the end of the reporting period[44]. - The company's receivables increased by 446.80% to 4.47 million yuan, primarily due to an increase in bank acceptance bills received during the reporting period[44]. - The company's investment properties increased by 216.79% to 26.67 million yuan, attributed to the rental of properties during the reporting period[45]. - The company’s trading financial assets decreased by 66.67% to 800,000 yuan, primarily due to a reduction in bank wealth management products[44]. Compliance and Regulatory Matters - The company has not issued any non-standard audit reports for the reporting period[133]. - The company is in compliance with the new accounting standards and has made necessary adjustments to its accounting policies[134]. - The company has committed to fulfilling all public commitments made during its initial public offering and will accept social supervision[131]. - The company emphasizes the importance of maintaining the legal rights of the company and all shareholders during the issuance process[129]. - The company will ensure that all actions taken are in compliance with legal requirements and protect the interests of investors[129]. Shareholder Structure and Changes - The total number of shares for the 2020 dividend distribution is 221,993,208[119]. - Major shareholders include Hu Zhijun and Huang Xiuzhu, holding 31.98% and 31.72% of shares respectively, with no changes in their holdings during the reporting period[189]. - The actual controllers of the company are Hu Zhijun and Huang Xiuzhu, with Hu Zhijun serving as the Chairman and General Manager[193]. - The company’s total share capital now consists of 49.03% restricted shares and 50.97% unrestricted shares[178]. - The company’s total restricted shares at the beginning of the period were 106,888,094, with an increase of 2,005,000 during the reporting period[185].

Financial Performance - Operating revenue for the reporting period was CNY 151,299,566.73, an increase of 26.98% year-on-year[7]. - Net profit attributable to shareholders was CNY 5,911,099.19, representing a significant increase of 120.84% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,189,045.49, up 99.25% year-on-year[7]. - Basic earnings per share for the reporting period were CNY 0.0166, an increase of 66.00% compared to the same period last year[7]. - The weighted average return on equity was 1.19%, an increase of 64.00% year-on-year[7]. - The net profit for the third quarter of 2020 reached CNY 5,394,747.22, compared to CNY 2,639,338.30 in the previous year, indicating a significant increase of about 104.3%[50]. - The total profit for the third quarter was CNY 8,578,969.46, an increase from CNY 4,109,214.98, indicating a growth of approximately 108.0%[50]. - The basic earnings per share for the third quarter were CNY 0.0166, compared to CNY 0.01 in the same period last year, representing a growth of 66%[51]. - The comprehensive income for the third quarter totaled CNY 5,350,165.87, compared to CNY 2,651,651.64 in the previous year, indicating an increase of about 102.6%[51]. Cash Flow - The net cash flow from operating activities was CNY 1,400,032.94, a decrease of 89.76% compared to the previous year[7]. - As of September 30, 2020, the company's cash inflow from operating activities was CNY 386,260,962.33, down from CNY 460,103,830.39 in the previous year, indicating a decrease of approximately 16.1%[66]. - The net cash flow from operating activities for Q3 2020 was ¥35,378,763.68, an increase from ¥21,777,544.98 in Q3 2019, representing a growth of approximately 62.5%[68]. - The total cash inflow from investment activities was ¥54,945,524.83, significantly lower than ¥436,775,882.15 in the previous year, indicating a decrease of about 87.4%[68]. - The net cash flow from financing activities was -¥40,462,283.56, compared to a positive net flow of ¥57,264,029.49 in Q3 2019, reflecting a decline of approximately 170.8%[69]. - The company experienced a negative impact of -¥3,233,855.76 from exchange rate fluctuations on cash and cash equivalents[69]. - The net increase in cash and cash equivalents for Q3 2020 was -¥16,885,943.61, contrasting with an increase of ¥31,501,204.27 in Q3 2019, reflecting a decline of approximately 153.6%[69]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 972,359,678.14, a decrease of 3.10% compared to the end of the previous year[7]. - Total liabilities decreased to CNY 482,780,633.09 from CNY 512,740,270.33, a reduction of about 5.8%[41]. - Current liabilities totaled CNY 428,206,262.46, down from CNY 444,180,116.89, indicating a decrease of approximately 3.6%[41]. - Non-current liabilities decreased to CNY 54,574,370.63 from CNY 68,560,153.44, a decline of about 20.4%[41]. - Owner's equity totaled CNY 489,579,045.05, slightly down from CNY 490,718,195.52, a decrease of about 0.2%[43]. - Total liabilities to equity ratio stands at approximately 1.04, indicating a balanced capital structure[81]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,297[11]. - The largest shareholder, Hu Zhijun, holds 31.98% of the shares, amounting to 70,992,900 shares[11]. - The actual controller of the company, Mr. Hu Yongji, completed a share reduction plan, reducing his holdings from 2,809,545 shares (1.28%) to 0 shares[29]. - The company reported no violations regarding external guarantees during the reporting period[33]. - There were no non-operating fund occupations by the controlling shareholders or related parties during the reporting period[34]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 3,198,205.78 during the reporting period[9]. - Other income increased by CNY 1,367,665.14, up 74.71% year-on-year, primarily due to an increase in government subsidies related to daily revenue[23]. Investment and Projects - The company announced a delay in the completion of its investment projects to December 31, 2021, including the "Haidexin Project" and the "Jiaxing Project" for automotive components[27]. - The company completed the registration of its restricted stock incentive plan on July 23, 2020, in accordance with relevant regulations[26]. Expenses - Research and development expenses for the third quarter amounted to CNY 5,271,586.38, a decrease from CNY 6,224,717.86 in the same quarter last year, showing a reduction of about 15.3%[49]. - The total operating costs for the third quarter were CNY 142,347,122.75, compared to CNY 115,797,665.37 in the previous year, which is an increase of approximately 22.9%[49]. - The financial expenses for the third quarter were CNY 5,061,124.47, significantly higher than CNY 2,041,393.89 in the previous year, marking an increase of about 148.7%[49]. - The tax expenses for the third quarter were CNY 3,184,222.24, compared to CNY 1,469,876.68 in the same period last year, reflecting an increase of approximately 116.5%[50].