编号：2022-006 证券代码：300611 证券简称：美力科技 债券代码：123097 债券简称：美力转债 | --- | --- | --- | --- | --- | |-----------------------|------------------------------------------------------------------------------|-----------------------|------------------------|----------------------------------------------------------| | 投资者关系 \n活动类别 | ☑ 特定对象调研 □分析师会议 \n□媒体采访 \n□新闻发布会 □路演活动 \n□现场参观 | □业绩说明会 | | | | | 广发基金 | | 代振华 信达证券 王明路 | | | | 银华基金 | 陈晓雅、冯帆 平安基金 | | 江正青、张乔波 | | | 华泰证券 | 陈诗慧 广发基金 | | 陈少平、苗宇 | | 参与单位名称 | 信达澳银 | | | 齐兴方、童昌希 浦银 ...

证券代码：300611 证券简称：美力科技 编号：2022-008 | --- | --- | --- | |-------------------------|--------------------------------|----------------------------------------------------------| | | 特定对象调研 □分析师会议 | | | 投资者关系 | □媒体采访 □业绩说明会 | | | 活动类别 | □新闻发布会 | □路演活动 | | | 现场参观 □其他 | | | | 浙商资管 | 叶方强、周文超 浙商证券 翁晋翀 | | 参与单位名称 及人员名称 | 亘曦资产 个人投资者 彭永胜 | 姜捷 东海资管 郑军 | | 时间 | 2022年10 月28日 | 15:15-16:30 | | 地点 | 公司会议室，电话会议 | | | 上市公司接待 | 董事会秘书：梁钰琪 | | | 人员姓名 | 财务负责人：马林良 | | | | 一、公司基本情况介绍 | | | | | 公司董秘向投资者介绍了公司的发展历程、产品、客户及研 | | | 发能力等情 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥296,240,751.08, representing a 66.11% increase year-over-year[4] - The net profit attributable to shareholders was ¥4,945,614.56, a decrease of 43.39% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,457,313.67, down 56.26% year-over-year[4] - The basic earnings per share for the reporting period was ¥0.03, a decrease of 40.00% compared to the same period last year[4] - The weighted average return on equity was 0.72%, down 0.34% year-over-year[4] - The net profit for Q3 2022 was -¥20,367,757.44, compared to a net profit of ¥28,424,922.41 in the same period last year, indicating a significant decline[28] - The operating profit for the quarter was -¥17,875,468.89, down from ¥30,664,843.31 in Q3 2021, reflecting operational challenges[28] - The total comprehensive income for the quarter was -¥20,367,757.44, compared to ¥27,700,039.31 in the previous year, highlighting a downturn in overall financial performance[29] - The company reported a basic and diluted earnings per share of -¥0.04, down from ¥0.16 in Q3 2021, reflecting the impact of losses[29] Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date period was ¥25,333,684.09, an increase of 205.64%[4] - The net cash flow from operating activities was ¥25,333,684.09, compared to ¥8,288,756.35 in the same quarter last year, indicating improved cash generation[30] - The net cash flow from financing activities decreased by 51.09% to ¥158.44 million, down from ¥323.91 million, mainly due to the previous year's fundraising from convertible bonds[14] - The net cash flow from investing activities was -¥99,256,652.88, compared to -¥89,517,003.29 in the same period last year, indicating ongoing investment expenditures[31] - Cash and cash equivalents at the end of the period totaled ¥218,827,101.70, down from ¥277,788,357.98 at the end of Q3 2021, indicating a decrease in liquidity[31] - The company's cash and cash equivalents decreased by 63.92% to ¥87.26 million from ¥241.87 million, also due to the previous year's fundraising activities[14] - The company's cash and cash equivalents increased by 64.75% to ¥235,172,915.70 compared to the end of the previous year[8] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,992,980,800.79, an increase of 8.59% from the end of the previous year[4] - The total assets as of September 30, 2022, were ¥1,992,980,800.79, compared to ¥1,835,335,100.80 at the beginning of the year, reflecting an increase of 8.6%[26] - The total liabilities decreased to ¥884,687,640.39 from ¥931,568,612.22, a reduction of 5.0%[26] - The equity attributable to shareholders at the end of the reporting period was ¥1,017,106,384.00, up 27.23% from the previous year-end[4] - The equity attributable to the parent company increased to ¥1,017,106,384.00 from ¥799,439,981.71, marking a rise of 27.3%[26] Operating Performance - The company's operating revenue for the first nine months of 2022 was ¥761.75 million, representing a 38.16% increase compared to ¥551.36 million in the same period of 2021[11] - Total revenue from sales of goods and services reached ¥613,562,272.50, an increase from ¥419,706,624.57 in the previous year, showing growth in sales[30] - Operating costs increased by 56.75% to ¥651.10 million from ¥415.37 million, primarily due to the consolidation of Beijing Dayuan and Jiangsu Dayuan[11] - The total operating revenue for the period reached ¥761,745,067.49, an increase of 38.1% compared to ¥551,358,196.89 in the previous period[27] - The total operating costs amounted to ¥782,807,986.33, up 50.0% from ¥522,269,127.73 in the previous period[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,258, with the largest shareholder, Zhang Bihong, holding 36.32% of the shares[15] - The company completed the sale of 4 million shares from its first employee stock ownership plan between June 20 and July 4, 2022[19] Other Information - The company signed a housing repurchase agreement with the government on July 12, 2022, and has vacated the property as of the report date[19] - The company redeemed 34,842 convertible bonds at a price of ¥100.43 per bond on September 8, 2022[21] - The company’s research and development expenses were ¥35,948,582.32, slightly down from ¥38,250,700.97 in the previous period[27] - The company completed the registration change and obtained a new business license during the reporting period[22] - The company incurred credit impairment losses of -¥2,014,439.02, compared to a gain of ¥2,214,519.13 in the previous year, reflecting increased credit risk[28] - Other income rose significantly by 122.88% to ¥6.08 million, mainly due to increased government subsidies[11]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥465,504,316.41, representing a 24.80% increase compared to ¥373,012,787.87 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was a loss of ¥12,173,641.53, a decrease of 162.58% from a profit of ¥19,454,461.27 in the previous year[24]. - The basic and diluted earnings per share were both -¥0.07, a decline of 163.64% compared to ¥0.11 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY -1,617.44 million, a decline of 183.91% compared to the same period last year[172]. - The total comprehensive income for the first half of 2022 was -20,287,743.53 yuan, contrasting with 18,964,422.89 yuan in the same period last year[185]. - The company reported a significant increase in short-term loans, which rose by 1.60% to ¥213,697,925.05, compared to ¥188,014,931.96 at the end of the previous year[59]. - The company's liquidity ratio was 1.51, a decrease of 3.82% compared to the previous year[172]. - The interest coverage ratio dropped to -0.44, down 113.88% year-on-year, indicating a significant decline in profitability[172]. Cash Flow and Investments - The net cash flow from operating activities increased significantly to ¥48,829,298.10, up 3,007.97% from ¥1,571,097.78 in the same period last year[24]. - The company received 32,409,371.65 yuan in tax refunds, significantly higher than 4,398,945.72 yuan in the same period last year, indicating improved cash flow management[190]. - Cash outflow from investing activities totaled CNY 58,889,681.39, a decrease of 48.5% compared to CNY 114,408,617.20 in the previous year[194]. - The net cash flow from financing activities was CNY 22,274,538.31, down 93.1% from CNY 322,743,316.62 in the first half of 2021[194]. - The ending cash and cash equivalents balance was CNY 105,600,420.33, a decrease of 65.4% from CNY 304,916,387.32 at the end of the previous year[194]. Market and Industry Context - In the first half of 2022, China's automotive production and sales reached 12.117 million and 12.057 million units, respectively, representing a year-on-year decline of 3.7% and 6.6%[32]. - The automotive industry is expected to maintain stable growth in the second half of 2022, driven by government policies and market recovery[33]. - The company has faced challenges due to supply chain disruptions caused by the COVID-19 pandemic and rising raw material prices[32]. - The government has implemented policies such as halving the vehicle purchase tax, which is expected to stimulate market activity and consumer confidence[33]. Research and Development - Research and development investment decreased by 5.64% to ¥23,166,120.74, down from ¥24,550,024.13 in the previous year[53]. - The company holds a total of 92 patent technologies and has developed industry-leading new material technology ML1900 for spring manufacturing, contributing to automotive lightweighting[47]. - The company has allocated 1.5 million yuan for research and development in new technologies[198]. Corporate Governance and Shareholder Information - The actual controller, Mr. Zhang Bihong, holds 42.60% of the company's shares, which poses potential risks to the interests of minority shareholders[86]. - The company has established a series of governance rules to mitigate risks associated with the actual controller's influence on operational decisions[86]. - The largest shareholder, Zhang Bihong, holds 42.60% of the shares, totaling 76,230,400 shares[153]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[157]. Future Outlook and Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[198]. - Future guidance suggests a revenue growth target of 20% for the next half of the year[198]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[198]. - Strategic initiatives include enhancing digital marketing efforts to attract a younger demographic[198]. Risk Management - The company has faced significant risks and challenges, which are detailed in the section on risks and countermeasures[3]. - The company faces significant cost pressure due to fluctuations in raw material prices, particularly steel, which constitutes a large portion of production costs[86]. - The company has implemented measures to mitigate risks of declining gross profit margins, including enhancing internal management and accelerating new customer and product development[87].

Financial Performance - The company's revenue for Q1 2022 was ¥252,226,427.20, representing a 39.26% increase compared to ¥181,118,105.43 in the same period last year[3] - Net profit attributable to shareholders decreased by 85.24% to ¥1,806,789.14 from ¥12,242,217.79 year-on-year[3] - Basic and diluted earnings per share fell by 85.71% to ¥0.01 from ¥0.07 in the same period last year[3] - Net profit for Q1 2022 was CNY 102.31 million, a significant decrease from CNY 12.30 million in Q1 2021[26] - The company's total assets amounted to CNY 1.83 billion, slightly down from CNY 1.84 billion at the end of the previous quarter[23] - The total equity attributable to shareholders of the parent company was CNY 816.88 million, an increase from CNY 799.44 million in the previous quarter[23] Cash Flow - The net cash flow from operating activities was negative at -¥16,495,612.06, a decline of 17.17% compared to -¥14,078,489.57 in the previous year[3] - The net cash flow from financing activities decreased by 91.98% to ¥26,004,246.01 from ¥324,287,296.54 in the same period last year[10] - Total cash inflow from operating activities amounted to 250,788,521.82 CNY, while cash outflow was 267,284,133.88 CNY, resulting in a net cash outflow of 16,495,612.06 CNY[30] - Cash flow from investing activities showed a net outflow of -47,270,685.64 CNY, compared to -43,179,723.90 CNY in the same period last year[31] - The ending balance of cash and cash equivalents was 93,606,347.75 CNY, down from 302,656,868.49 CNY at the end of the previous year[31] Operating Costs - The company reported a significant increase in operating costs, with a rise of 51.53% in cost of goods sold to ¥206,695,840.80 from ¥136,403,472.56[10] - Total operating costs for Q1 2022 were CNY 254.34 million, up 51.8% from CNY 167.46 million in the same period last year[25] - The company experienced a 122.24% increase in taxes and surcharges, amounting to ¥2,145,554.68 compared to ¥965,422.85 in the previous year[10] - The company reported a significant increase in cash paid to employees, totaling 50,765,918.26 CNY, compared to 37,031,741.55 CNY last year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,833,735,833.47, a slight decrease of 0.09% from ¥1,835,335,100.80 at the end of the previous year[3] - Total liabilities decreased to CNY 914.23 million from CNY 931.57 million in the previous quarter[23] - The total fixed assets as of March 31, 2022, were CNY 698,271,292.47, down from CNY 717,935,335.02 at the beginning of the year[21] Investments and Subsidiaries - A new wholly-owned subsidiary, Meili (Germany) Co., Ltd., was established in Düsseldorf with an investment of €200,000 to expand into the European market[19] - The company issued 3 million convertible bonds with a total value of CNY 300 million, which began trading on February 24, 2021[15] - As of March 31, 2022, there were 2,998,808 convertible bonds remaining, with a total face value of CNY 299,880,800[16] Research and Development - Research and development expenses for Q1 2022 were CNY 11.54 million, slightly up from CNY 11.28 million in Q1 2021[26] - The company received the "High-tech Enterprise Certificate," valid for three years, enhancing its innovation credentials[17] Audit Status - The report for the first quarter was not audited[32]

Financial Performance - Zhejiang Meili Technology Co., Ltd. reported a profit distribution plan of cash dividends of RMB 0.50 per 10 shares (including tax) based on a total of 177,463,388 shares[4]. - The company's operating revenue for 2021 was ¥816,819,640.71, representing a 21.26% increase compared to ¥673,611,550.31 in 2020[19]. - The net profit attributable to shareholders decreased by 45.12% to ¥22,086,698.31 in 2021 from ¥40,245,365.28 in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥12,993,436.05, down 64.31% from ¥36,407,056.87 in the previous year[19]. - The net cash flow from operating activities fell by 66.49% to ¥27,687,931.35 from ¥82,631,525.15 in 2020[19]. - The total assets at the end of 2021 increased by 55.10% to ¥1,835,335,100.80 compared to ¥1,183,327,250.93 at the end of 2020[19]. - The net assets attributable to shareholders rose by 22.40% to ¥799,439,981.71 from ¥653,128,920.80 in 2020[19]. - The basic and diluted earnings per share decreased by 43.48% to ¥0.13 from ¥0.23 in 2020[19]. - The company achieved operating revenue of 817 million yuan, an increase of 21.26% compared to the same period last year[52]. - The net profit attributable to shareholders decreased by 45.12% to 22.09 million yuan, while the net profit after deducting non-recurring gains and losses fell by 64.31% to 12.99 million yuan[52]. Business Operations - The company operates in the spring manufacturing industry, primarily serving the automotive sector, which accounts for over 50% of spring product sales[29]. - The company completed the acquisition of 70% equity in Beijing Dayuan and Jiangsu Dayuan, which began consolidating into the company's financial statements from the end of October 2021[39]. - The company operates several wholly-owned subsidiaries, including Changchun Meili Spring Co., Ltd. and Shaoxing Meili Precision Spring Co., Ltd.[10]. - The company has engaged Xinyi Securities Co., Ltd. as its sponsor for continuous supervision from February 24, 2021, to December 31, 2023[18]. - The company has established a qualified supplier management system to optimize procurement processes and maintain quality control over raw materials[46]. Market Trends and Industry Insights - The domestic automotive spring manufacturing industry is experiencing significant growth, with a focus on independent innovation and technology breakthroughs[31]. - The global shift of the automotive supply chain presents new opportunities for domestic parts suppliers to gain international competitiveness[33]. - The development of new energy vehicles is driving the transformation and upgrading of the automotive parts industry, with a focus on lightweight, electronic, and intelligent designs[33]. - The automotive parts industry is closely tied to the automotive industry, with cyclical and seasonal trends affecting market performance[34]. - The spring manufacturing industry is characterized by intense competition, particularly in the low-end market among small private enterprises[35]. Research and Development - The company has developed a new material technology (ML1900) that significantly enhances the lightweight level of automotive springs, contributing to overall vehicle lightweighting[49]. - The company has established a strong R&D team with expertise in metal materials and heat treatment, contributing to its competitive advantage in innovation[56]. - Research and development investment amounted to ¥50,213,108.02, representing 6.15% of total operating revenue, an increase from 6.07% in the previous year[79]. - The number of R&D personnel increased by 16.28% to 200, with a notable rise in the proportion of employees under 30 years old, which grew by 25.71%[79]. Corporate Governance - The company has established a sound corporate governance structure, ensuring that senior management is independent from the controlling shareholders, with no interference in personnel management[128]. - The company emphasizes the importance of compliance with regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[153]. - The company has a structured approach to evaluating the performance of its directors and senior management[146]. - The company maintained a focus on the interests of all shareholders, particularly minority investors, throughout its decision-making processes[153]. Social Responsibility and Sustainability - The company has signed a partnership agreement with the Lan Mountain Village Committee in Xiaojin County, providing financial support for poverty alleviation and prioritizing local graduates for job opportunities[184]. - The company actively participates in local rural development and beautification projects, contributing to the "green water and green mountains are golden mountains and silver mountains" initiative[186]. - The company is committed to sustainability initiatives, with plans to reduce carbon emissions by 25% over the next five years[198]. - The company emphasizes environmental protection and sustainable development, adhering to relevant environmental regulations for waste management[183]. Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[197]. - New product development includes the launch of a smart device line, expected to contribute an additional 200 million RMB in revenue in 2022[194]. - The company provided guidance for 2022, projecting a revenue growth of 25% and a net profit margin improvement of 5%[197]. - Strategic partnerships are being pursued to enhance supply chain efficiency, aiming for a 15% reduction in operational costs by 2023[199].

浙江美力科技股份有限公司 2021 年第三季度报告 | | | 浙江美力科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 1 浙江美力科技股份有限公司 2021 年第三季度报告 (二)非经常性损益项目和金额 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 178,345,409.02 | -2.36% | 551,358,19 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 373,012,787.87, representing a 48.99% increase compared to CNY 250,368,409.89 in the same period last year[23]. - The net profit attributable to shareholders for the first half of 2021 was CNY 19,454,461.27, up 26.67% from CNY 15,358,270.31 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 19,276,832.11, a 50.87% increase from CNY 12,776,735.24 year-on-year[23]. - The company achieved a total revenue of 373.01 million yuan, an increase of 48.99% compared to the same period last year[43]. - The net profit attributable to shareholders of the parent company was 19.45 million yuan, up 26.67% year-on-year[43]. - The total profit for the first half of 2021 was CNY 20,593,609.96, compared to CNY 15,872,312.61 in the first half of 2020, marking a 29.0% increase[168]. - The company reported a net cash outflow from investing activities of ¥69,926,595.40, compared to a smaller outflow of ¥27,862,130.90 in the previous year[177]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly to CNY 1,571,097.78, down 97.14% from CNY 54,941,834.61 in the same period last year[23]. - The company's cash and cash equivalents at the end of the period stood at ¥318,894,801.57, up from ¥94,123,892.68 at the end of the first half of 2020[177]. - The total cash increase for the period was ¥282,978,537.92, compared to an increase of ¥20,973,688.13 in the previous year[177]. - The cash interest coverage ratio significantly decreased to 0.18 from 7.94, a drop of 97.73%[153]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100%[153]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,530,562,723.88, a 29.34% increase from CNY 1,183,327,250.93 at the end of the previous year[23]. - Total liabilities increased to CNY 735,512,841.89, up from CNY 530,215,645.41, reflecting a growth of approximately 38.7%[160]. - The company's equity attributable to shareholders reached CNY 795,049,881.99, compared to CNY 653,128,920.80, indicating an increase of around 21.7%[161]. - The total amount of guarantees accounted for 0.00% of the company's net assets[115]. Research and Development - Research and development investment increased by 57.28% to 24.55 million yuan, indicating a focus on enhancing R&D capabilities[50]. - The company has developed a new material technology (ML1900) that significantly enhances the lightweight level of automotive springs, contributing to overall vehicle weight reduction[41]. - The company has invested a total of 58.90 million yuan in the high-performance precision spring project and 4.93 million yuan in the new materials and technology R&D center as of February 24, 2021[64]. Market and Industry - The company primarily engages in the research, production, and sales of high-end spring products, with a strong customer base in the automotive industry[31]. - The company has developed long-term stable relationships with major clients such as Delphi and Geely, enhancing its market presence[47]. - In the first half of 2021, China's automobile production and sales reached 12.569 million and 12.891 million units, representing year-on-year growth of 24.2% and 25.6% respectively[77]. Risks and Challenges - The company faces significant risks including industry changes, declining gross margins, and increased depreciation expenses, which may impact future performance[5]. - The company faces risks of declining gross margins due to fluctuations in raw material prices, logistics costs, and rising labor costs, despite efforts to enhance internal management and accelerate new product development[79]. - The actual controller, Mr. Zhang Bihong, holds 42.5986% of the company's shares, which poses a risk of potential conflicts of interest affecting the company and minority shareholders[77]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company approved its first employee stock ownership plan during the reporting period to enhance employee engagement and retention[86]. - The company has implemented various governance rules to mitigate risks associated with the actual controller's influence on decision-making[77]. Subsidiaries and Acquisitions - The company completed the acquisition of 100% equity in Shanghai Kegong in 2018, expanding its business into mold and automotive plastic interior parts[31]. - The company has completed the liquidation of its North American subsidiary, which had been experiencing slow business growth and continuous losses[120]. - A new wholly-owned subsidiary, Meili (Germany) Co., Ltd., has been established in Düsseldorf, Germany, with an investment of €200,000 to enhance service quality for international clients and boost exports to the European market[120]. Shareholder Information - Major shareholder Zhang Bihong holds 42.60% of the shares, totaling 76,230,400 shares[134]. - The company’s convertible bonds have a maturity period of six years, from January 27, 2021, to January 26, 2027[132]. - The company’s share repurchase plan aims to use the repurchased shares for employee stock ownership plans and other incentives[126].

1 证券代码：300611 证券简称：美力科技 公告编号：2021-048 债券代码：123097 债券简称：美力转债 浙江美力科技股份有限公司 关于举办 2020 年度网上业绩说明会暨参加浙江辖区上市公司 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内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 浙江美力科技股份有限公司（以下简称"公司"） 已于 2021 年 4 月 24 日披露了《 2020 年年度报告全文》及其摘要。为促进公司规范运作、健康发展， 增强公司信息透明度，加强与广大投资者沟通交流，进一步提升投资者关系管理 水平，公司将于 2021 年 5 月 13 日（星期四） 15:00-17:00 在"全景·路演 天下"网站举办 2020 年度业绩网上说明会，暨参加浙江辖区上市公司投资者网 上集体接待日主题活动（以下简称"本次活动"），现将有关事项通知如下： 本次活动将采用网络远程的方式举行，投资者可以登录"全景·路演天下" 网站（http://rs.p5w.net）参与交流。 届时，公司董事长章碧鸿先生、董事会秘书章夏巍女士、财务经理董圆圆女 士及相关工作人员将 ...

Financial Performance - The company reported a total operating revenue of 674 million yuan, an increase of 11.99% compared to the same period last year[51]. - The net profit attributable to shareholders of the parent company was 40.25 million yuan, representing a significant increase of 122.60% year-on-year[51]. - The net profit after deducting non-recurring gains and losses was 36.41 million yuan, up 157.87% compared to the previous year[52]. - The company achieved a total revenue of 1.5 billion CNY for the fiscal year 2020, representing a year-over-year growth of 15%[139]. - The gross margin for the year was reported at 45%, an increase from 42% in the previous year[140]. - The basic earnings per share for 2020 was ¥0.23, a 130.00% increase compared to ¥0.10 in 2019[25]. - The company reported a weighted average return on equity of 6.32% for 2020, up from 2.73% in 2019[25]. - The company reported a net decrease in cash and cash equivalents of CNY 37,233,940.90, a decline of 602.15% compared to the previous year[93]. Dividend Policy - The company plans to distribute cash dividends of 0.6 RMB per 10 shares to all shareholders, based on a total of 173,450,750 shares[12]. - The cash dividend for 2020 represented 25.86% of the net profit attributable to ordinary shareholders, while the 2019 dividend was 47.97%[136]. - The total cash dividends paid over the last three years were RMB 10,407,045.00 in 2020, RMB 8,672,537.50 in 2019, and RMB 8,937,782.50 in 2018[136]. - The company has a cash dividend policy, distributing RMB 0.6 per 10 shares, totaling RMB 10,407,045, which represents 100% of the total profit distribution[130]. Challenges and Risks - The company faced significant challenges due to the COVID-19 pandemic, leading to a substantial decline in domestic automobile production and sales in Q1, but recovery began in Q2 due to effective pandemic control and government policies[5]. - The company reported a risk of declining gross profit margins due to fluctuations in raw material prices, logistics costs, and increased labor costs, despite efforts to enhance internal management and accelerate new customer acquisition[6]. - The company faces risks from fluctuations in the automotive industry due to the impact of the COVID-19 pandemic, which could affect its future performance[123]. - The company is at risk of declining gross margins due to rising raw material prices and labor costs, despite efforts to mitigate these risks through improved management and new product development[123]. Technological Innovation - The company emphasizes the importance of technological innovation and has been developing new technologies and materials to maintain its competitive edge in the automotive parts sector[11]. - The company holds 71 patents and has been recognized for its technological advancements in the spring industry, including participation in the formulation of national and industry standards[60]. - The company aims to enhance its technological innovation capabilities and strengthen R&D collaboration with major manufacturers, focusing on safety, lightweight, high fatigue life, and high strength in automotive components[119]. Management and Organizational Structure - The company has established a mature management system but faces challenges in management capabilities and talent reserves due to ongoing growth and acquisitions, which could lead to management risks[9]. - The company has implemented a flat organizational structure to enhance internal communication and improve operational efficiency[64]. - The company has established long-term partnerships with major clients such as Geely and Delphi, indicating a stable customer base[64]. Market Expansion and Customer Base - The company expanded its customer base significantly, securing contracts with major domestic automakers, including Geely, Changan, and BYD, among others[53]. - The reliance on the top five customers decreased by 3.13 percentage points compared to the previous year, indicating a diversification of the customer portfolio[53]. - The company plans to expand its production capacity and enhance cooperation with automotive parts suppliers to integrate into the global procurement system of international automotive giants[121]. - The company aims to increase its export share and develop overseas markets, leveraging its competitive advantages in rapid development, timely delivery, and cost efficiency[121]. Investment and Fundraising - The company plans to raise 300 million yuan through convertible bonds to fund the construction of a high-performance precision spring production project and a new materials and technology R&D center[72]. - The company has a project involving the construction of advanced composite material automotive parts with an investment of CNY 64.92 million[103]. - The company has committed to not transferring or entrusting the management of shares held prior to the public offering for 36 months post-listing[137]. - The company will accelerate the investment progress of fundraising projects to ensure effective utilization of raised funds[142]. Subsidiary Performance - The subsidiary Changchun Meili reported a net profit of 2,644,332 yuan, contributing significantly to the company's overall performance[118]. - The subsidiary Shaoxing Meili achieved an operating income of 61,083,256 yuan, indicating strong market demand for high-end precision springs[118]. - The subsidiary Haining Meili generated an operating income of 254,875,450 yuan, reflecting robust sales in the automotive spring sector[118]. Compliance and Governance - The company has maintained a good integrity status, with no instances of failing to fulfill court judgments or significant debts due[154]. - The company has not experienced any penalties or rectification issues during the reporting period[153]. - The company has not changed its consolidated financial statement scope during the reporting period[149]. - The company has retained its accounting firm, Tianjian Accounting Firm, for five consecutive years, with an audit fee of ¥680,000[151].