宁波横河模具股份有限公司 2020 年半年度报告全文 宁波横河模具股份有限公司 2020 年半年度报告 2020 年 08 月 1 宁波横河模具股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 1 | | --- | | 2020 | 年半年度报告 2 | | --- | --- | | 第一节 | 重要提示、目录和释义 5 | | 第二节 | 公司简介和主要财务指标 8 | | 第三节 | 公司业务概要 11 | | 第四节 | 经营情况讨论与分析 23 | | 第五节 | 重要事项 41 | | 第六节 | 股份变动及股东情况 46 | | 第七节 | 优先股相关情况 47 | | 第八节 | 可转换公司债券相关情况 49 | | 第九节 | 董事、监事、高级管理人员情况 49 | | 第十节 | 公司债相关情况 51 | | 第十一节 | 财务报告 55 | | 第十二节 | 备查文件目录 161 | 宁波横河模具股份有限公司 2020 年半年度报告全文 释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告 ...

2020 年 04 月 1 宁波横河模具股份有限公司 2020 年第一季度报告全文 第一节重要提示 宁波横河模具股份有限公司 2020 年第一季度报告全文 宁波横河模具股份有限公司 2020 年第一季度报告 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人胡志军、主管会计工作负责人黄飞虎及会计机构负责人(会计主 管人员)洪幼聪声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波横河模具股份有限公司 2020 年第一季度报告全文 第二节公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是√否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 81,962,504.51 | 132,956,077.27 | -38.35% | | 归属于上市公司股东的净利润（元） | -3,040,119.56 | 3,615,840.4 ...

Revenue and Profitability - The company's operating revenue for 2019 was CNY 556,667,685.71, representing a 0.45% increase compared to CNY 554,199,007.25 in 2018[24]. - The net profit attributable to shareholders for 2019 was CNY 9,761,176.96, a decrease of 3.50% from CNY 10,115,063.73 in 2018[24]. - The company's revenue for 2018 was 79.42 million, representing a 78.52% increase compared to 2017's revenue of 64.79 million[141]. - The cash dividend distribution represents 100% of the total distributable profit of RMB 141,788,712.18 for the year[135]. - The company's cash dividend for 2019 is 81.96% of the net profit attributable to ordinary shareholders, which is RMB 9,761,176.96[140]. Customer and Supplier Concentration - The revenue from the top five customers accounted for 68.43% of the total operating income as of December 31, 2019[5]. - The company has a high customer concentration risk, with significant reliance on a few key clients for revenue[5]. - The top five suppliers represented 18.46% of total purchases, with the largest supplier accounting for 4.76%[74]. Market Expansion and Strategy - The company is actively expanding into the automotive parts market, which is expected to continue growing due to increasing vehicle ownership in China[10]. - The company plans to increase production capacity with projects aimed at producing 5 million automotive functional parts and 700 million automotive plastic components annually[8]. - The company aims to enhance its core competitiveness through technology introduction and innovation in the precision mould and injection molding sector[34]. - The company has successfully expanded into the automotive parts market, aligning with its strategic plan to increase market share and enhance core competitiveness[37]. Financial Management and Investments - The company successfully issued convertible bonds totaling 140 million RMB in 2019 to support new projects[8]. - The company's cash and cash equivalents increased by CNY 55.44 million, a rise of 77.40%, primarily due to new loans during the reporting period[47]. - The company reported an investment of ¥44,517,559.84 during the reporting period, a decrease of 72.64% compared to the previous year[87]. - The company plans to use up to CNY 18 million of temporarily idle raised funds for cash management, investing in low-risk financial products[96]. Research and Development - The company has obtained 8 invention patents, 89 utility model patents, and 11 design patents as of December 31, 2019, showcasing its innovation capabilities[49]. - R&D expenses increased by 7.47% to ¥26.30 million, reflecting the company's commitment to innovation[76]. - The company has a total of 115 R&D personnel, accounting for 11.58% of the workforce, an increase from 9.69% in 2018[78]. Risk Management - The company has established a comprehensive foreign exchange management system to mitigate risks from currency fluctuations[6]. - The company faces risks related to raw material price fluctuations, particularly for plastic granules, which could impact operating performance[11]. - The company has implemented a robust governance structure to protect minority shareholders from potential risks associated with the controlling shareholders[7]. Profit Distribution Policy - The company implements a profit distribution policy that prioritizes cash dividends, with a minimum of 20% of distributable profits allocated for cash dividends in profitable years[128]. - The company plans to review and adjust its profit distribution policy every three years based on future profitability and cash flow forecasts[131]. - The cash dividend distribution plan requires approval from more than half of the board and two-thirds of the voting rights at the shareholders' meeting[133]. Corporate Governance and Compliance - The company has established measures to ensure independence in assets, business, personnel, and finance from other entities controlled by the actual controllers[145]. - The company has committed to fulfilling all public commitments made regarding its initial public offering and listing[146]. - The company will ensure that the remuneration system for executives is linked to the execution of compensation measures[148]. Accounting and Financial Reporting - The company has adopted new accounting policies related to financial instruments, effective from January 1, 2019, which include a shift to an expected credit loss model for impairment measurement[154]. - The adjustments made to the financial statements due to the new accounting policies and estimates are aimed at providing a more accurate reflection of the company's financial position[155]. - The board of directors approved the changes in accounting estimates on April 9, 2019, to enhance the objectivity and fairness of financial reporting[156]. Social Responsibility and Environmental Compliance - The company has maintained a commitment to social responsibility, focusing on labor rights and investor relations since its listing in August 2016[181]. - The company is not classified as a key pollutant unit by environmental protection authorities[184].

Financial Performance - The company's operating revenue for 2019 was CNY 556,667,685.71, representing a 0.45% increase compared to CNY 554,199,007.25 in 2018 [24]. - The net profit attributable to shareholders for 2019 was CNY 9,761,176.96, a decrease of 3.50% from CNY 10,115,063.73 in 2018 [24]. - The net profit after deducting non-recurring gains and losses was CNY 7,101,526.19, down 15.63% from CNY 8,417,142.66 in 2018 [24]. - The net cash flow from operating activities increased significantly by 389.47% to CNY 32,953,201.24 from CNY 6,732,418.82 in 2018 [24]. - The total assets at the end of 2019 were CNY 1,003,458,465.85, reflecting a 5.13% increase from CNY 954,463,722.91 at the end of 2018 [24]. - The net assets attributable to shareholders increased by 20.91% to CNY 489,120,955.59 from CNY 404,534,374.89 in 2018 [24]. - The company reported a basic earnings per share of CNY 0.04, a decrease of 20.00% from CNY 0.05 in 2018 [24]. - The company's total sales of injection molding products were ¥490,762,531.11, representing 88.16% of total revenue, a decrease of 2.19% from the previous year [64]. - The company's revenue for 2018 was 79.42 million, representing a 78.52% increase compared to 2017's revenue of 64.79 million [141]. Customer Concentration - The revenue from the top five customers accounted for 74.12% of the total operating income as of December 31, 2019, indicating a high customer concentration risk [5]. - The top five customers accounted for 68.43% of total sales, with the largest customer contributing ¥190,244,415.01, or 34.18% of total sales [73]. Market Expansion and Strategy - The company is actively expanding into the automotive parts market, which is expected to continue growing due to the increasing number of vehicles in China [10]. - The company has successfully expanded into the automotive parts market, aligning with its strategic plan to increase market share and enhance core competitiveness [37]. - The company aims to become a world-class comprehensive service provider in precision mold manufacturing and injection molding products [114]. - The company plans to enhance its competitive edge through innovation, refined management, and quality service [115]. - The company aims to expand its market share in the automotive industry by collaborating with major automotive enterprises and enhancing its core competitiveness and profitability [120]. Investment and Funding - The company successfully issued convertible bonds totaling 140 million RMB in 2019 to support the construction of new production projects [8]. - The total amount of funds raised in 2018 was CNY 140 million, with a net amount of CNY 133.56 million after deducting issuance costs of CNY 6.44 million [93]. - The cumulative investment in the automotive parts project reached CNY 119.30 million by the end of the reporting period [94]. - The company plans to use up to CNY 18 million of temporarily idle raised funds for cash management, focusing on safe and liquid financial products [96]. Risk Management - The company has established a comprehensive foreign exchange management system to mitigate risks from currency fluctuations, although such risks remain [6]. - The company faces risks from natural disasters and unforeseen public events that could disrupt operations and affect profitability [12]. - The company plans to enhance its management efficiency and risk control capabilities in response to the challenges posed by its business expansion [8]. Research and Development - The company has obtained 8 invention patents, 89 utility model patents, and 11 design patents as of December 31, 2019, showcasing its innovation capabilities [49]. - The number of R&D personnel was 115, accounting for 11.58% of the total workforce, an increase from 9.69% in 2018 [78]. - The company has successfully developed several new technologies and products, which are ready for initial trial production [77]. Profit Distribution - The profit distribution plan includes a cash dividend of 0.36 RMB per 10 shares, based on a total of 219,982,099 shares [13]. - The cash dividend distribution represents 100% of the total distributable profit of RMB 141,788,712.18 for the year [135]. - The company plans to maintain a continuous and stable dividend distribution policy, ensuring that cash dividends are at least 20% of the distributable profits for the year [130]. - The company implements a cash dividend policy, distributing no less than 20% of the distributable profits as cash dividends, with a minimum of 80% for mature stages without major capital expenditures [128]. Governance and Compliance - The company has a governance structure in place to protect minority shareholders from potential adverse effects of decisions made by controlling shareholders [7]. - The company has committed to strict compliance with all public commitments made regarding its IPO [146]. - The company will not engage in any activities that could harm the rights and interests of its shareholders [145]. - The company has engaged with minority shareholders to gather their opinions on the profit distribution plan [134]. Financial Management - The company has a total of CNY 1.57 million in differences due to the income from financial products purchased with raised funds [96]. - The company’s financial management strategy includes investing in high-safety and high-liquidity financial products [190]. - The company has maintained its accounting firm, Zhonghui Certified Public Accountants, for 8 consecutive years, with an audit fee of CNY 550,000 [162]. Accounting Changes - The company has adopted new accounting policies related to financial instruments, effective from January 1, 2019, which include a shift to an expected credit loss model for impairment measurement [154]. - The company has revised its financial statement formats in accordance with new regulations, including the separation of accounts receivable and payable into distinct categories [155]. - The adjustments made to the financial statements due to the new accounting policies and estimates are aimed at providing a more accurate reflection of the company's financial position [155].

2020 年第一季度报告 2020 年 04 月 1 宁波横河模具股份有限公司 2020 年第一季度报告全文 宁波横河模具股份有限公司 2020 年第一季度报告全文 宁波横河模具股份有限公司 第一节重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人胡志军、主管会计工作负责人黄飞虎及会计机构负责人(会计主 管人员)洪幼聪声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波横河模具股份有限公司 2020 年第一季度报告全文 第二节公司基本情况 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 3 宁波横河模具股份有限公司 2020 年第一季度报告全文 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 81,962,504.51 | 132,956,077.27 | -38.35% | | 归属于上市公司股东的净利润（元） ...

Financial Performance - Operating revenue for the reporting period was ¥119,148,368.58, a decrease of 19.52% year-on-year[7] - Net profit attributable to shareholders of the listed company was ¥2,676,682.73, down 47.02% compared to the same period last year[7] - Basic earnings per share decreased by 50.00% to ¥0.01[7] - The company's net profit for Q3 2019 was not explicitly stated, but the decrease in revenue and costs indicates a potential decline in profitability[53] - The company's net profit for Q3 2019 was CNY 7,168,022.09, a decrease of 42.5% compared to CNY 12,483,026.01 in the same period last year[62] - The total profit for Q3 2019 was CNY 10,188,851.36, down 41.0% from CNY 17,255,201.34 in Q3 2018[62] - The company's operating profit for Q3 2019 was CNY 9,903,504.17, down from CNY 16,792,664.36 in the same period last year[62] Assets and Liabilities - Total assets at the end of the reporting period reached ¥988,530,911.64, an increase of 3.57% compared to the previous year[7] - The company reported a total asset of 988,530,911.64 yuan as of September 30, 2019, an increase from 954,463,722.91 yuan at the end of 2018, reflecting a growth of approximately 3.6%[42] - Current assets amounted to 478,055,538.95 yuan, compared to 468,713,185.48 yuan at the end of 2018, indicating an increase of about 0.7%[43] - Total liabilities increased to 478,055,538.95 yuan, compared to 468,713,185.48 yuan at the end of 2018, indicating a rise of approximately 2.9%[43] - Total liabilities decreased to CNY 500,585,524.74 from CNY 548,428,213.30, a reduction of 8.7%[46] - Current liabilities reached CNY 418,375,276.67, including short-term borrowings of CNY 225,675,570.88[79] Cash Flow - The net cash flow from operating activities for the year-to-date reached ¥21,777,544.98, an increase of 178.69%[7] - Operating cash flow net amount increased by CNY 13,963,307.48, up 178.69%, primarily due to increased cash received from sales of goods and services[29] - The net cash flow from operating activities for Q3 2019 was CNY 21,777,544.98, a significant increase from CNY 7,814,237.50 in Q3 2018, representing a growth of approximately 178%[70] - Cash inflow from financing activities totaled CNY 213,298,543.66, down from CNY 366,349,850.89 in the same period last year, reflecting a decrease of approximately 42%[71] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 20.15% to ¥486,035,922.73[7] - The total number of ordinary shareholders at the end of the reporting period was 13,303[11] - Major shareholders include Hu Zhijun and Huang Xiuzhu, holding 32.27% and 32.01% of shares respectively[11] - The controlling shareholder, Mr. Hu Zhijun, pledged 22,727,300 shares, accounting for 10.33% of the total share capital, with a cumulative pledge of 31,342,500 shares, representing 14.25% of the total share capital[34] Investment Activities - Investment properties increased by CNY 19,705,910.14, up 338.59%, due to some properties being converted for rental purposes[18] - The company reported an investment income of CNY 1,025,413.88, a significant increase from CNY 12,204.11 in the previous year[62] - Total cash inflow from investment activities was CNY 436,775,882.15, compared to CNY 67,851.92 in the previous year, indicating a substantial increase[70] Other Financial Metrics - The weighted average return on net assets was 0.55%, a decrease of 58.65% year-on-year[7] - Other comprehensive income increased by CNY 35,241.65, up 42.38%, mainly due to an increase in foreign currency translation differences[23] - Other income decreased by CNY 821,128.49, down 30.97%, primarily due to a reduction in government subsidies related to daily income[24] - Research and development expenses for Q3 2019 were CNY 3,505,468.33, slightly down from CNY 3,607,959.75 in the previous year[57]

Financial Performance - Total revenue for the first half of 2019 was CNY 274,163,507.16, representing a 12.26% increase compared to CNY 244,225,234.81 in the same period last year[18]. - Net profit attributable to shareholders decreased by 44.80% to CNY 4,083,009.91 from CNY 7,396,701.05 year-on-year[18]. - Net profit after deducting non-recurring gains and losses fell by 59.65% to CNY 2,251,592.93 compared to CNY 5,580,418.98 in the previous year[18]. - Operating cash flow net amount was CNY 8,099,714.47, down 27.14% from CNY 11,116,133.72 in the same period last year[18]. - Basic and diluted earnings per share both decreased by 50.00% to CNY 0.02 from CNY 0.04 year-on-year[18]. - Operating costs rose to RMB 224.18 million, reflecting a 16.00% increase year-on-year[37]. - Research and development expenses increased by 19.85% to RMB 13.20 million[37]. - The company reported a significant increase in sales expenses, which rose by 35.36% to RMB 7.43 million due to higher transportation costs[37]. - The company reported a financial expense of CNY 7,300,240.12 for the first half of 2019, compared to CNY 5,431,146.67 in the same period of 2018, an increase of 34.43%[158]. - The company’s total equity increased to CNY 479,817,826.98 from CNY 371,778,772.41, reflecting a growth of 29.05%[155]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 915,444,249.07, a decrease of 4.09% from CNY 954,463,722.91 at the end of the previous year[18]. - Current liabilities decreased to CNY 332,990,030.05 from CNY 376,972,607.67 at the end of 2018, a reduction of 11.65%[154]. - Total liabilities decreased to ¥430,162,011.24 from ¥548,428,213.30, a decrease of 21.53%[150]. - The company's total equity increased to ¥485,282,237.83 from ¥406,035,509.61, an increase of 19.5%[150]. - The company's cash and cash equivalents decreased to ¥17,252,758.04 from ¥32,865,911.52, a decline of 47.60%[147]. Cash Flow - Cash flow from operating activities decreased by 27.14% to RMB 8.10 million[37]. - The net cash flow from operating activities for the first half of 2019 was ¥1,048,225.43, a significant improvement compared to a net outflow of ¥4,010,881.63 in the same period of 2018[170]. - The cash inflow from operating activities totaled CNY 339.12 million, compared to CNY 258.31 million in the first half of 2018[166]. - The total cash inflow from financing activities was ¥104,312,599.88, compared to ¥199,225,926.65 in the previous year, indicating a decrease in financing activities[170]. Investment and Financing - The company plans to raise up to CNY 140 million through convertible bonds for new projects, including an annual production of 5 million automotive functional parts[10][18]. - The company successfully issued convertible bonds worth 140 million RMB to expand its scale and enhance operational management[66]. - The company’s investment in fixed and intangible assets during the reporting period was RMB 28.10 million, a decrease of 34.73% compared to the previous year[46]. - The total amount of raised funds is CNY 140 million, with a net amount of CNY 133.56 million after deducting issuance costs[53]. Shareholder Commitments and Governance - The company’s major shareholders, Hu Zhijun and Huang Xiuzhu, committed to not transferring or entrusting the management of their shares for 36 months post-IPO[72]. - The company has established a comprehensive governance structure to mitigate risks associated with the actual controllers holding 65.73% of the shares[65]. - The company has committed to ensure the authenticity, accuracy, completeness, and timeliness of the contents in the prospectus, taking legal responsibility for any false statements or omissions[78]. - The company has established clear guidelines for share reduction pricing, ensuring it does not fall below the IPO price[73]. Market and Strategic Outlook - The company is actively expanding into the automotive parts market, which is expected to grow despite recent declines in the automotive sector[66]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[175]. - Future guidance indicates a cautious outlook, with expectations of gradual recovery in revenue and profitability in the upcoming quarters[175]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[175]. Risk Management - The company emphasizes the importance of raw material price stability, particularly for plastic pellets, which can impact operating costs[67]. - The company has a structured approach to risk management, including measures against natural disasters and other uncontrollable events[67]. - The company has established a management system to ensure effective governance and risk control as it scales operations[66]. Legal and Compliance - The company reported a lawsuit involving Changzhou Boying Precision Mould Technology Co., Ltd. with a claim amount of 2.5983 million yuan, which has been adjudicated but remains unexecuted[83]. - The semi-annual financial report has not been audited[81]. - There were no major litigation or arbitration matters during the reporting period[82]. - The company has made commitments to ensure the protection of small investors' rights[80]. Operational Highlights - The average manufacturing cycle for ordinary precision molds is 25 days, while high-precision molds take an average of 35 days[30]. - The highest precision achieved in mold manufacturing is ±1μm, with surface roughness reaching Ra0.16[30]. - The company has established an independent quality management department with advanced precision testing equipment to ensure product quality[30].

宁波横河模具股份有限公司 2019 年第一季度报告全文 宁波横河模具股份有限公司 2019 年第一季度报告 2019 年 04 月 1 宁波横河模具股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人胡志军、主管会计工作负责人窦保兰及会计机构负责人(会计主 管人员)黄飞虎声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波横河模具股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 非经常性损益项目和金额 √ 适用 □ 不适用 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 132,956,077.27 | 109,806,914.32 | 21.08% | | 归属于上市公司股东的净利润（元） | 3,615,840.47 ...

Financial Performance - The company's operating revenue for 2018 was ¥554,199,007.25, representing a 12.64% increase compared to ¥492,000,878.41 in 2017 [24]. - The net profit attributable to shareholders for 2018 was ¥10,115,063.73, a decrease of 67.86% from ¥31,471,361.46 in 2017 [24]. - The net cash flow from operating activities was ¥6,732,418.82, down 49.36% from ¥13,294,664.02 in 2017 [24]. - The total assets at the end of 2018 were ¥954,463,722.91, an increase of 26.08% from ¥757,054,925.12 at the end of 2017 [24]. - The company's basic earnings per share for 2018 was ¥0.050, a decline of 66.67% from ¥0.150 in 2017 [24]. - The weighted average return on equity for 2018 was 2.61%, down from 8.62% in 2017, reflecting a decrease of 6.01% [24]. - The net profit excluding non-recurring gains and losses for 2018 was ¥8,417,142.66, a decrease of 71.59% from ¥29,628,219.53 in 2017 [24]. - The company reported a net loss of ¥2,333,925.46 in Q4 2018, contrasting with profits in the earlier quarters [26]. - The company achieved a revenue of 554.20 million yuan in 2018, an increase of 12.64% compared to 492.00 million yuan in 2017 [63]. - The net profit attributable to shareholders was 10.12 million yuan, a decrease of 67.86% from the previous year [58]. Customer Concentration and Market Expansion - The revenue from the top five customers accounted for 74.12% of the total operating income as of December 31, 2018, indicating a high customer concentration risk [5]. - The company is actively expanding into the automotive parts market, which is expected to continue growing due to the increasing number of vehicles in China [10]. - The company aims to expand its market share in the automotive parts sector, aligning with its strategic plan to enhance product structure and core competitiveness [36]. - Domestic sales accounted for 53.30% of total revenue, increasing by 39.17% year-on-year, while overseas sales decreased by 7.49% to 46.70% [64]. - The automotive parts segment saw a significant revenue increase of 286.32%, reaching 47.85 million yuan, compared to 12.39 million yuan in 2017 [63]. Investment and Funding - The company successfully issued convertible bonds amounting to 140 million yuan, further expanding its scale and increasing operational management demands [9]. - The company plans to raise funds through convertible bonds totaling up to ¥14,000,000 for new projects, including the production of 5 million automotive functional parts annually [24]. - The total amount raised through the public offering of convertible bonds was CNY 140 million, with a net amount of CNY 133.56 million after deducting issuance costs of CNY 6.44 million [92]. - The company has committed to invest CNY 133.56 million in projects, with CNY 80.98 million already invested by the end of the reporting period [95]. - The company approved the use of up to CNY 70 million of temporarily idle raised funds for cash management, with CNY 47 million already utilized for purchasing low-risk financial products [96]. Operational Efficiency and Management - The management team is under pressure to enhance efficiency and risk control capabilities in response to the company's rapid growth [9]. - The company has integrated its subsidiaries to enhance operational efficiency and reduce costs, including the establishment of a manufacturing platform in South China [60]. - The company has established a robust governance structure to protect minority shareholders from potential adverse effects of the controlling shareholders [8]. - The company has established a comprehensive foreign exchange management system to mitigate risks from currency fluctuations, although such risks still exist [6]. - The company has established a robust quality management department with advanced precision testing equipment to ensure product quality [50]. Research and Development - The company continues to engage in research and development to enhance its product offerings and maintain competitive advantages in the market [34]. - Research and development expenses for 2018 amounted to CNY 24,473,867.02, a 23.92% increase from CNY 19,749,666.37 in 2017 [77]. - The proportion of R&D investment to operating revenue increased to 4.42% in 2018 from 4.01% in 2017 [79]. - The company has been awarded 3 invention patents, 68 utility model patents, and 11 design patents, showcasing its strong innovation capabilities [48]. - The company has made initial progress in R&D projects for precision components and ultra-precision molds, with some projects entering mass production, contributing to economic benefits [109]. Risk Management - The company faces risks from raw material price fluctuations, particularly for plastic pellets, which could impact operating performance [12]. - The company acknowledges the potential impact of natural disasters and public emergencies on its operations and profitability [12]. - The company has ongoing significant non-equity investments, although specific details were not disclosed in the report [89]. - The company has established a commitment to compensate public investors for direct losses incurred due to reliance on related commitments, with compensation amounts to be negotiated [131]. - The company will publicly disclose any failure to fulfill commitments and apologize to shareholders and the public [131]. Corporate Governance and Shareholder Relations - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period [125]. - The company’s actual controller has committed to not transferring shares for 36 months post-IPO and to extend the lock-up period if certain stock price conditions are met [125]. - The cash dividend distribution policy aligns with the company's commitment to providing stable returns to investors while ensuring long-term development [115]. - The company plans to distribute cash dividends to shareholders of no less than 20% of the distributable profits each year after listing [127]. - The company’s commitment to transparency is reflected in its proactive measures to address potential investor concerns [132]. Subsidiaries and Business Development - The company established two new subsidiaries in 2018, including Shenzhen Honghe Mould Co., Ltd. and Shanghai Hepeng Auto Parts Co., Ltd. [71]. - The company’s subsidiary in Jiaxing obtained a land use certificate in January 2018, marking progress in its project initiated in June 2017 [173]. - The company’s subsidiary in Shenzhen completed its business registration and obtained a business license in January 2018 [173]. - The company has co-founded Shanghai Hepeng Automotive Parts Co., Ltd. with a registered capital of RMB 10 million, holding a 49% stake [136]. - The company has not engaged in any significant asset or equity acquisitions or disposals during the reporting period [140]. Market Trends and Industry Insights - The plastic products industry in China has seen a revenue increase of 5.19% year-on-year, reaching 16,821.48 billion, with a total profit of 860.69 billion, up 1.4% [38]. - The plastic processing industry in China is transitioning from high-speed growth to stable growth, with significant market opportunities remaining [100]. - The demand for high-quality plastic molds is increasing, particularly in the automotive and home appliance sectors, where domestic production cannot meet market needs [102]. - The plastic industry is expected to continue growing, driven by technological advancements and consumer demand for high-performance products [101]. - The company is positioned to leverage its industry connections for potential market expansion and strategic partnerships [199].

Financial Performance - Operating revenue for the reporting period was ¥148,049,639.19, reflecting a year-on-year growth of 5.27%[8] - Net profit attributable to shareholders decreased by 53.44% to ¥5,052,288.14 compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 67.71% to ¥3,426,402.69[8] - Basic earnings per share were ¥0.02, down 60.00% from the previous year[9] - The weighted average return on net assets was 1.33%, a decrease of 1.62% compared to the same period last year[9] - Cash flow from operating activities for the year-to-date was ¥7,814,237.50, down 38.55%[9] - Total operating revenue for Q3 2018 was CNY 148,049,639.19, an increase of 5.7% compared to CNY 140,640,657.76 in the same period last year[49] - Net profit for Q3 2018 was CNY 5,365,803.43, a decrease of 52.3% from CNY 11,255,179.62 in Q3 2017[50] - Total operating revenue for the current period reached ¥392,274,874, an increase of 12.5% compared to ¥348,675,290 in the previous period[56] - Net profit for the current period was ¥12,483,026.01, a decrease of 53.4% from ¥26,808,339.15 in the previous period[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥938,564,618.57, an increase of 23.98% compared to the previous year[8] - The company's total current liabilities rose to CNY 405,805,187.05 from CNY 375,364,576.77, which is an increase of approximately 8.1%[43] - Total liabilities amounted to CNY 528,489,027.23, up from CNY 378,073,088.44, reflecting an increase of around 39.8%[43] - The company's equity attributable to shareholders increased to CNY 408,390,615.30 from CNY 377,330,897.46, showing a growth of about 8.2%[43] - The company's current assets totaled CNY 512,635,404.30, up from CNY 411,698,068.71, indicating an increase of about 24.5%[41] Cash Flow - Cash and cash equivalents decreased to CNY 34,473,048.42 from CNY 119,215,179.12, representing a decline of approximately 71%[41] - The net cash flow from operating activities was 7,814,237.50 CNY, a decrease of 38.3% compared to 12,715,501.58 CNY in the previous period[64] - Total cash outflow from operating activities amounted to 403,399,235.41 CNY, up 18.7% from 339,883,596.94 CNY year-on-year[64] - The net cash flow from investing activities was -222,117,553.59 CNY, worsening from -45,820,964.82 CNY in the previous period[64] - Cash inflow from financing activities totaled 366,349,850.89 CNY, a decrease of 18.4% compared to 449,246,074.43 CNY in the previous period[65] Research and Development - R&D expenses increased by CNY 4,547,504.95, up 33.96%, reflecting higher investment in technology development[18] - Research and development expenses for Q3 2018 were CNY 6,925,527.79, an increase of 21.5% from CNY 5,701,285.36 in the same period last year[49] - Research and development expenses increased to ¥17,940,227.08, representing a 33.5% rise from ¥13,392,722.13 in the previous period[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,514[12] - The largest shareholder, Hu Zhijun, holds 33.97% of the shares, with 70,992,900 shares pledged[12] - The total number of shares pledged by the controlling shareholder Hu Zhijun was 16,759,700 shares for a repurchase transaction[32] Investment and Financing Activities - The company issued convertible bonds, resulting in an increase in other equity instruments by CNY 25,042,732.74, up 100%[17] - The company plans to use up to RMB 70 million of idle raised funds for cash management, focusing on low-risk, liquid, and capital-preserving financial products[28] - The company received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds on March 27, 2018, with the approval number [2018]556[32] - The company plans to use the net proceeds from the bond issuance to provide financial support to its wholly-owned subsidiary, Ningbo Haidexin Automotive Electrical Co., Ltd.[32] Business Expansion - The company expanded its business scope to include "ceramic product sales, product leasing, and enterprise management consulting" as approved by the relevant authorities[30] - The company completed the registration of its subsidiary, Shanghai Hepeng Automotive Parts Co., Ltd., and transferred 49% of its equity to a natural person shareholder[26]