证券代码：300652 证券简称：雷迪克 杭州雷迪克节能科技股份有限公司 投资者关系活动记录表 编号：2021-001 | --- | --- | --- | --- | --- | |-------------------------|-----------------------------------------------------|------------|----------------------------------------------------------|-------------------| | | | | | | | | □特定对象调研 □分析师会议 | | | | | 投资者关系活动 | □媒体采访 | 业绩说明会 | | | | 类别 | □新闻发布会 □路演活动 | | | | | | □现场参观 | | | | | | □其他 | | | | | 参与单位名称及 人员姓名 | 通过"全景·路演天下"（ 年度网上业绩说明会的投资者 | | http://rs.p5w.net | ）参加公司 2020 | | | | | | | | 时间 地点 | 2021 年 5 月 ...

证券代码：300652 证券简称：雷迪克 杭州雷迪克节能科技股份有限公司 投资者关系活动记录表 编号：2021-002 | --- | --- | --- | --- | --- | --- | --- | |-------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|-------|-------|-------|-------| | | 特定对象调研 | □分析师会议 | | | | | | | □媒体采访 | 业绩说明会 | | | | | | 投资者关系活动 | □新闻发布会 □路演活动 | | | | | | | 类别 | 现场参观 □其他 | | | | | | | 参与单位名称及 人员姓名 | 瑞特资产何肄杰，米游健康朱琼， ...

杭州雷迪克节能科技股份有限公司 2022 年第三季度报告 证券代码：300652 证券简称：雷迪克 公告编号：2022-108 杭州雷迪克节能科技股份有限公司 2022 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 1 杭州雷迪克节能科技股份有限公司 2022 年第三季度报告 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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 181,286,587.41 | 10 ...

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[1]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[1]. - The company's revenue for the first half of 2022 was ¥324,355,848.08, representing a 29.19% increase compared to ¥251,064,721.75 in the same period last year[21]. - Net profit attributable to shareholders was ¥52,769,680.69, a 57.27% increase from ¥33,554,545.82 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥46,880,896.63, up 47.72% from ¥31,737,187.62 in the previous year[21]. - The basic earnings per share increased to ¥0.56, reflecting a 55.56% rise from ¥0.36[21]. - Total operating revenue for the first half of 2022 reached CNY 324,355,848.08, a 29.1% increase from CNY 251,064,721.75 in the same period of 2021[179]. - Net profit for the first half of 2022 was CNY 52,769,680.69, representing a 57.2% increase compared to CNY 33,554,545.82 in the first half of 2021[181]. - The company's total assets as of June 30, 2022, were 1.48 billion yuan, compared to 1.45 billion yuan at the beginning of the year[174]. - The company's total assets at the end of the reporting period amounted to CNY 2.005 billion[199]. Research and Development - The company plans to invest RMB 100 million in R&D for new energy-saving technologies in the next fiscal year[1]. - Research and development investment amounted to ¥13,823,436.34, reflecting a 15.57% increase from ¥11,960,808.10 in the previous year[57]. - The company has developed three generations of hub bearing units for NEVs and is also working on high-speed bearings for electric motors[41]. - The company is enhancing its R&D capabilities, focusing on innovations in bearing technology for new energy applications[47]. - The company has allocated 8.4 million yuan for research and development in new energy technologies, which is a 62% increase from the previous year[194]. Market Expansion - The company has expanded its market presence by entering three new provinces, increasing its distribution network by 30%[1]. - User data indicates a growth of 25% in active users of the company's energy-saving products[1]. - The company is actively expanding its market presence, particularly in the OEM market, by entering procurement systems of major automotive manufacturers[36]. - The company aims to launch two new products in the next quarter, targeting a 5% market share in the new segments[1]. - Future guidance suggests an expected revenue growth of 20% for the second half of 2022, driven by new product launches and market expansion strategies[194]. - The company plans to expand its market presence by investing in new technologies and product development, aiming for a 10% increase in market share by the end of 2023[194]. Financial Management - The company has no plans to distribute cash dividends or issue bonus shares for this fiscal year[1]. - The company reported a net cash flow from operating activities of ¥18,314,522.74, an increase of 25.07% from ¥14,643,680.46 in the previous year[57]. - The company has established a comprehensive quality management system, achieving IATF16949 certification in 2018, which enhances product quality and market recognition[55]. - The company has a stable management team and a pragmatic development strategy, which has contributed to maintaining high operational efficiency in a competitive market[55]. - The company reported a significant decrease in cash reserves, indicating potential liquidity challenges[190]. Risks and Challenges - The management highlighted risks related to supply chain disruptions and inflationary pressures[1]. - The company faces risks related to the volatility of raw material prices, particularly bearing steel, which could impact production costs and profit margins[101]. - The company is closely monitoring macroeconomic risks, particularly those related to the automotive industry, due to ongoing economic pressures and uncertainties[98]. - The automotive industry faced challenges such as chip shortages and COVID-19, but the supply chain fully recovered by June 2022, leading to significant growth in vehicle production and sales[39]. Environmental and Social Responsibility - The company has replaced high-emission and energy-consuming production equipment, including quenching furnaces and air compressors, leading to reduced noise pollution and energy savings[113]. - The company has implemented solar panels since 2017, contributing to energy cost savings and promoting green development[113]. - There were no significant environmental violations or penalties reported during the period, and the company adheres to relevant environmental laws[112]. - The company emphasizes employee development and provides a safe working environment, ensuring equal opportunities and comprehensive labor protection[114]. Corporate Governance - The company has not engaged in any major related party transactions or non-operating fund occupation by controlling shareholders[117][128]. - The company has not reported any overdue amounts or impairment losses related to entrusted financial management[83]. - The company has not experienced any violations in the use of raised funds, adhering to relevant regulations and ensuring timely and accurate disclosures[80]. - The company has established a stable profit distribution policy to ensure reasonable returns to investors, with no instances of fund occupation by major shareholders or related parties[114].

Revenue and Profitability - Revenue for Q1 2022 reached ¥150,485,238.30, an increase of 31.91% compared to ¥114,085,427.76 in the same period last year[4] - Net profit attributable to shareholders was ¥20,915,560.73, representing a growth of 72.07% from ¥12,155,369.24 year-on-year[4] - Basic earnings per share rose to ¥0.22, up 69.23% from ¥0.13 in the same quarter last year[4] - Operating profit for the period was ¥23,620,887.37, up 37.9% from ¥17,213,089.97 in the previous year[21] - Net profit attributable to the parent company was ¥20,915,560.73, representing a 72% increase from ¥12,155,369.24 in Q1 2021[22] Cash Flow and Financial Position - The net cash flow from operating activities improved significantly to ¥2,104,660.17, a 131.82% increase from a negative cash flow of ¥6,615,072.87 in the previous year[4] - Cash and cash equivalents increased by ¥28,378,450.81, representing a 170.16% rise due to improved cash flow from investment activities[9] - The cash flow statement indicates a healthy cash position, supporting ongoing investments and operational needs[23] - The net cash flow from investment activities was ¥39,258,186.74, recovering from a net outflow of ¥35,649,526.33 in the previous year, marking a substantial improvement[26] - Cash received from investment income was ¥1,932,236.99, compared to ¥966,931.89 in the previous year, showing an increase of approximately 100%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,452,323,849.92, a slight increase of 0.47% from ¥1,445,550,894.07 at the end of the previous year[4] - Total liabilities decreased to ¥422,781,793.81 from ¥436,979,041.43, indicating a reduction of approximately 3.2%[18] - Non-current assets totaled ¥400,279,905.34, an increase from ¥378,967,574.88, marking a growth of 5.3%[18] - The company’s total liabilities decreased by 46.73% in employee compensation payable, reflecting a reduction in year-end bonuses paid[7] Government Support and Investment Income - The company received government subsidies amounting to ¥502,249.73, a 258.17% increase compared to ¥140,226.50 in the same period last year[8] - Investment income increased by 99.83% to ¥1,932,236.99, compared to ¥966,931.89 in the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,428, with no preferred shareholders[11] - Beijing Kejian Holdings Co., Ltd. is the largest shareholder, holding 31.57% of the shares, equivalent to 29,700,071 shares[12] Research and Development - Research and development expenses for the quarter were ¥6,339,759.66, up from ¥5,471,962.72, showing a year-over-year increase of 15.8%[21] Financing Activities - The cash flow from financing activities showed a net outflow of ¥12,588,756.38, a significant decrease of 688.51% compared to the previous period[9] - The total cash outflow from financing activities was ¥45,516,959.06, compared to a net inflow of -¥93,881.65 in the previous year, indicating a shift in financing strategy[26] Other Financial Metrics - The company reported a total operating cost of ¥128,253,282.14, which is a 30.8% increase from ¥98,014,143.08 in the same period last year[20] - The company paid ¥31,561,295.61 in employee compensation, which is a significant increase from ¥16,673,848.56, reflecting a rise of about 89%[25] - The company did not undergo an audit for the first quarter report, which may affect the perception of financial transparency[27]

Financial Performance - The company's operating revenue for 2021 was ¥591,158,715.31, representing a 35.16% increase compared to ¥437,384,935.73 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥95,928,647.83, a 61.66% increase from ¥59,338,104.12 in 2020[17]. - The net profit after deducting non-recurring gains and losses was ¥76,171,424.91, up 44.30% from ¥52,788,332.30 in 2020[17]. - The basic earnings per share for 2021 was ¥1.02, a 52.24% increase from ¥0.67 in 2020[17]. - The total assets at the end of 2021 were ¥1,445,550,894.07, an 11.63% increase from ¥1,294,966,197.47 at the end of 2020[17]. - The net assets attributable to shareholders at the end of 2021 were ¥1,008,571,852.64, a 5.10% increase from ¥959,623,382.32 at the end of 2020[17]. - The net cash flow from operating activities for 2021 was ¥39,511,625.38, a decrease of 47.18% compared to ¥74,804,810.31 in 2020[17]. - The weighted average return on equity for 2021 was 9.77%, an increase of 2.65% from 7.12% in 2020[17]. Revenue and Market Trends - The company achieved a total operating revenue of CNY 59,115.87 million in 2021, representing a year-on-year increase of 35.16%[30]. - The net profit attributable to shareholders reached CNY 9,592.86 million, up 61.66% compared to the previous year[30]. - The automotive industry in China saw a production and sales volume of 26.27 million vehicles in 2021, with a year-on-year growth of 3.8%[29]. - The market share of new energy vehicles increased from 5.4% in 2020 to 13.4% in 2021, reflecting significant growth in this segment[29]. - The automotive bearing industry in China achieved a revenue of CNY 227.8 billion in 2021, growing by 16.52% year-on-year[31]. Product Development and R&D - The company has strengthened its R&D capabilities, focusing on technological innovation to enhance product competitiveness in the high-end bearing market[31]. - The company’s R&D investment amounted to 26.82 million yuan, up 52.58% from the previous year, enhancing product competitiveness[48]. - The proportion of R&D expenses to revenue was 4.54%, up from 4.02% in the previous year[67]. - The company offers over 3,800 types of automotive bearings, catering to diverse customer needs and enhancing order acquisition capabilities[41]. - The company plans to expand its product applications into commercial vehicles and new energy vehicles, enhancing its competitive advantage in the automotive bearing manufacturing sector[32]. Operational Efficiency and Cost Management - The company’s production line upgrades and automation improvements have significantly enhanced labor productivity and product quality[47]. - The manufacturing cost structure showed that raw materials accounted for 62.07% of total costs, an increase of 4.19% year-on-year[59]. - The company is implementing cost control measures and adjusting product pricing in response to raw material price changes[106]. - The company aims to enhance market share and expand both domestic and international markets to achieve stable revenue growth[106]. Cash Flow and Investment - The net cash flow from operating activities for 2021 was CNY 39.51 million, a decrease of 47.18% compared to CNY 74.80 million in 2020, primarily due to an increase in inventory investment of CNY 79.97 million[69]. - The net cash flow from investment activities was CNY 62.06 million, an increase of 135.69% from a net outflow of CNY 173.87 million in the previous year, mainly due to the recovery of maturing financial products amounting to CNY 212.96 million[69]. - The total cash and cash equivalents increased by CNY 42.39 million, a significant improvement of 220.17% from a decrease of CNY 35.28 million in the previous year[69]. Governance and Shareholder Relations - The governance structure complies with relevant laws and regulations, ensuring equal rights for all shareholders[110]. - The company has established independent financial and operational systems, ensuring no reliance on the controlling shareholder[115]. - The company maintains a commitment to balancing the interests of various stakeholders, promoting sustainable development[114]. - The company has committed to maintaining a governance structure that protects the interests of all shareholders, especially minority shareholders[157]. Future Outlook and Strategic Initiatives - The company plans to distribute a cash dividend of ¥3.00 per 10 shares to all shareholders, based on a total of 94,082,005 shares[5]. - The company is actively expanding its market presence in the high-growth segments of the automotive industry, particularly in new energy vehicles[48]. - The company is exploring potential mergers and acquisitions to further expand its market reach and capabilities[87]. - The company expects the demand for automotive bearings to continue to grow in line with the steady growth of the automotive industry[89]. Employee Development and Corporate Responsibility - The company has established a comprehensive training plan to enhance employee skills and performance, including various training methods such as internal and external training[141]. - The company has actively focused on employee development and safety, ensuring a good working environment[158]. - The company has implemented solar panels in its facilities since 2017, contributing to energy savings and promoting green development[156]. - The company has committed to a cash dividend policy that remains unchanged, with a proposed cash dividend of RMB 3.00 per 10 shares, totaling RMB 28,224,601.50 for the reporting period[144].

杭州雷迪克节能科技股份有限公司 2021 年第三季度报告 证券代码：300652 证券简称：雷迪克 公告编号：2021-083 杭州雷迪克节能科技股份有限公司 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 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 163,862,141.64 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥251,064,721.75, representing a 26.90% increase compared to ¥197,848,760.96 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥33,554,545.82, an increase of 38.37% from ¥24,250,673.52 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥31,737,187.62, up 40.14% from ¥22,646,709.74 in the same period last year[18]. - The basic earnings per share increased to ¥0.36, a rise of 28.57% compared to ¥0.28 in the previous year[18]. - The gross margin for the first half of 2021 was reported at 40%, a slight increase from 38% in the previous year[93]. - The company reported a total revenue of 4,000 million CNY for the first half of 2021, reflecting a year-on-year growth of 15%[103]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,322,262,971.51, reflecting a 2.11% increase from ¥1,294,966,197.47 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased to ¥946,163,468.00, down 1.40% from ¥959,623,382.32 at the end of the previous year[18]. - Total liabilities amounted to CNY 376,099,503.51, up from CNY 335,342,815.15, representing an increase of about 12.1%[192]. - The company's total liability to equity ratio was approximately 39.8% as of June 30, 2021, compared to 35.0% at the end of 2020, indicating a higher leverage position[192]. Cash Flow - The net cash flow from operating activities was ¥14,643,680.46, a decrease of 43.98% compared to ¥26,141,706.92 in the same period last year[18]. - The company's net cash flow from investment activities decreased by 85.58% to -57,143,777.43 CNY, primarily due to the redemption of financial products during the reporting period[53]. - The net cash flow from financing activities dropped by 122.23% to -42,943,830.78 CNY, mainly because there were no cash inflows from investment absorption during the reporting period[53]. Market and Industry Trends - The automotive bearing market is experiencing growth, with global automotive sales reaching approximately 40.97 million units in the first half of 2021, a year-on-year increase of 26%[31]. - In China, automotive sales reached about 12.89 million units in the first half of 2021, representing a year-on-year growth of 25.6%, maintaining the country's position as the largest automotive market globally[32]. - The domestic new energy vehicle market is rapidly growing, with production and sales reaching 1.215 million and 1.206 million units respectively in the first half of 2021, nearly doubling year-on-year[32]. Research and Development - R&D investment increased by 92.66% to 11.96 million yuan, reflecting enhanced production capacity and ongoing investment in innovation[52]. - The company has developed over 3,800 models of automotive bearing products, with daily production involving more than 2,000 varieties[41]. - The company is focusing on expanding its market presence through various fundraising projects[87]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company aims to enhance its market presence by collaborating with experienced traders and automotive parts enterprises to expand its overseas market coverage[30]. - The company is actively addressing the impacts of the COVID-19 pandemic with detailed emergency plans and measures to stabilize operations[50]. Compliance and Governance - The company reported no significant changes in its registered information during the reporting period[17]. - The company has adhered to environmental regulations and has not faced any administrative penalties related to environmental issues during the reporting period[126]. - The company has established a stable profit distribution policy and dividend plan to return value to shareholders[128]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,533[166]. - The largest shareholder, Beijing Kejian Holdings Co., Ltd., held 31.57% of the shares, totaling 29,700,071 shares[166]. - The company issued 2,885,000 convertible bonds at a total amount of 28,850,000 yuan, with a face value of 100 yuan per bond[165].

Financial Performance - The company's operating revenue for Q1 2021 was ¥114,085,427.76, representing a 37.11% increase compared to ¥83,205,209.43 in the same period last year[9]. - The net profit attributable to shareholders for Q1 2021 was ¥12,155,369.24, up 48.96% from ¥8,159,926.55 in the previous year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,196,108.94, a 40.12% increase from ¥7,276,860.92 year-on-year[9]. - The basic earnings per share for Q1 2021 was ¥0.13, an increase of 44.44% compared to ¥0.09 in the same period last year[9]. - The company reported a total comprehensive income of CNY 12,155,369.24 for the period, compared to CNY 8,159,926.55 in the previous year, showcasing overall financial improvement[51]. - The net profit for the first quarter of 2021 was CNY 11,435,216.73, an increase of 18.06% compared to CNY 9,687,431.89 in the same period last year[54]. - Operating profit reached CNY 14,767,241.49, up from CNY 12,426,416.15, reflecting a growth of 18.83% year-over-year[54]. - Total revenue from operating activities was CNY 113,681,836.10, compared to CNY 95,502,772.84 in the previous year, indicating a year-over-year increase of 19.00%[58]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,334,714,966.67, reflecting a 3.07% increase from ¥1,294,966,197.47 at the end of the previous year[9]. - The total liabilities of the company as of March 31, 2021, were CNY 362,911,313.95, compared to CNY 335,342,815.15 at the end of 2020, reflecting an increase of approximately 8.3%[42]. - The company's equity attributable to shareholders increased to CNY 971,803,652.72 from CNY 959,623,382.32, showing a growth of about 1.4%[43]. - The company's cash and cash equivalents decreased to CNY 204,709,913.43 from CNY 247,183,713.62, representing a decline of about 17.1%[39]. - Accounts receivable increased significantly to CNY 118,084,308.53, up from CNY 91,698,497.17, marking a rise of approximately 28.7%[39]. - The company's inventory rose to CNY 158,912,367.77 from CNY 146,145,635.70, indicating an increase of about 8.5%[39]. - Total assets amounted to CNY 1,495,163,094.29, up from CNY 1,463,101,093.90, showing a growth in asset base[46]. - Total liabilities increased to CNY 525,347,638.07 from CNY 504,745,755.57, indicating a rise in financial obligations[46]. - The company's equity totaled CNY 969,815,456.22, compared to CNY 958,355,338.33 in the previous period, reflecting a healthy equity position[46]. Cash Flow - The net cash flow from operating activities for Q1 2021 was -¥6,615,072.87, a slight improvement of 5.18% compared to -¥6,976,230.62 in the same period last year[9]. - Cash flow from operating activities showed a net outflow of CNY -6,615,072.87, slightly improved from CNY -6,976,230.62 in the previous year[59]. - Cash flow from investment activities resulted in a net outflow of CNY -35,649,526.33, compared to CNY -81,012,631.92 in the same period last year, showing a reduction in cash outflow[59]. - The total cash flow from investment activities was -8,624,884.42, compared to -83,336,907.27 in the previous year, indicating a significant improvement[62]. - Cash flow from financing activities generated a net amount of 2,139,077.24, a decrease from 246,148,038.58 year-over-year[62]. - The net increase in cash and cash equivalents was -3,455,565.23, contrasting with an increase of 157,333,288.49 in the same period last year[62]. - The ending balance of cash and cash equivalents was 145,114,685.45, down from 352,812,808.40 year-over-year[62]. Operational Highlights - The company plans to strengthen management and internal controls while focusing on R&D, production, and market expansion in 2021[20]. - The company has completed the automation technology transformation project for hub bearings and tapered roller bearings, enhancing operational efficiency[26]. - The company has completed the automation technology transformation project for hub bearings and cone bearings, which is now in a usable state[32]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[54]. - The company acknowledges the potential impact of the COVID-19 pandemic on global automotive demand and supply chain stability[23]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations, particularly in the automotive industry, which could lead to reduced orders and increased inventory[23]. - The company is exposed to risks from raw material price fluctuations, particularly in bearing steel, which has seen significant price increases since Q4 2020[24]. - The company has implemented a pricing strategy for its automotive bearing products that includes a yearly price reduction, which may be affected by market competition[25]. - The project for the precision automotive bearing industry base has not met the planned progress due to the ongoing impact of the COVID-19 pandemic[30]. Shareholder Information - The company had a total of 7,829 common shareholders at the end of the reporting period[13]. - The largest shareholder, Beijing Kejian Holdings, held 31.57% of the shares, totaling 29,700,071 shares[13]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[27]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[34]. Investment and Funding - The total amount raised from the public offering was CNY 58,990.96 million, with CNY 725.45 million invested in the current quarter[29]. - Cumulative changes in the use of raised funds amounted to CNY 32,114.46 million, representing 54.44% of the total raised funds[29]. - The company plans to use surplus raised funds to supplement working capital for its main business operations[26]. - The remaining raised funds amounting to CNY 87.85 million will be used for permanent replenishment of the company's working capital[31]. - The company has pre-paid CNY 37.19 million of self-raised funds for project investments before the public offering funds were in place[31]. - The company will supplement any investment exceeding the raised funds with its own capital if necessary[31]. - There were no violations regarding the use of raised funds during the reporting period[33].

Financial Performance - The company's operating revenue for 2020 was ¥437,384,935.73, a decrease of 5.40% compared to ¥462,341,640.70 in 2019[16] - The net profit attributable to shareholders for 2020 was ¥59,338,104.12, down 5.67% from ¥62,903,646.60 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥52,788,332.30, reflecting a decline of 14.84% from ¥61,989,798.55 in 2019[16] - The net cash flow from operating activities decreased by 30.70% to ¥74,807,010.31 from ¥107,947,493.38 in 2019[16] - The total assets at the end of 2020 were ¥1,294,966,197.47, a decrease of 11.71% from ¥1,466,756,128.55 at the end of 2019[16] - The net assets attributable to shareholders increased by 23.73% to ¥959,623,382.32 from ¥775,589,669.80 in 2019[16] - The basic earnings per share for 2020 was ¥0.67, down 5.63% from ¥0.71 in 2019[16] - The weighted average return on equity for 2020 was 7.12%, a decrease of 1.27% from 8.39% in 2019[16] Dividend Distribution - The company plans to distribute a cash dividend of ¥5 per 10 shares to all shareholders, based on a total of 94,078,726 shares[6] - The company announced a cash dividend of 5 yuan per 10 shares, totaling 47,039,363 yuan for the year 2020, which represents 100% of the distributable profit[105] - The cash dividend for 2020 accounts for 79.27% of the net profit attributable to the parent company[109] - The cash dividend policy has been consistent with the company's articles of association and has undergone proper decision-making procedures[105] - The cash dividend for 2019 was 22,000,000 yuan, which was 34.97% of the net profit attributable to the parent company[109] - The cash dividend for 2018 was 17,600,000 yuan, representing 21.23% of the net profit attributable to the parent company[109] - The company has not proposed any cash dividend distribution plan for the current reporting period despite having positive distributable profits[109] Market and Industry Trends - The automotive parts industry showed resilience, with China's automotive market experiencing a slight decline of 2.0% in production and 1.9% in sales for 2020, indicating a recovery trend[33] - The overall automotive industry is expected to recover, with the company positioned to benefit from the anticipated growth in demand for automotive components[33] - In 2020, China's commercial vehicle production and sales reached 5.231 million and 5.133 million units, respectively, with year-on-year growth of 20.0% and 18.7%[35] - The production and sales of new energy vehicles in China reached 1.366 million units each, marking a historical high[35] - By the end of 2020, the number of privately owned vehicles in China reached 281 million, an increase of 21 million vehicles from the end of 2019, representing a year-on-year growth of 8.08%[37] Research and Development - The company maintained a total of 91 patents by the end of 2020, having acquired 5 invention patents and 13 utility model patents during the reporting period[42] - The company offers over 3,800 types of automotive bearings, with daily production involving more than 2,000 varieties, enhancing order acquisition capabilities[43] - Research and development expenses increased by 16.00% from 15,152,716.13 yuan in 2019 to 17,577,631.55 yuan in 2020, accounting for 4.02% of operating revenue[69] - The number of R&D personnel increased from 68 in 2019 to 88 in 2020, representing 11.76% of the total workforce[68] Operational Efficiency - The company has maintained a stable procurement model, relying on 1-2 main suppliers for raw materials, ensuring quality and consistency in production[29] - The production model is based on "sales-driven production," allowing the company to adapt quickly to market demands and optimize inventory management[30] - The company is focusing on enhancing its core competitiveness by expanding into the truck parts manufacturing sector[49] - The company is actively improving its talent development system to optimize organizational structure and enhance operational efficiency[50] Financial Management - The company plans to raise up to 40 million yuan through a refinancing project to enhance its business layout and production capabilities[49] - The company faced rising raw material costs, particularly in bearing steel, which increased significantly by the end of 2020, impacting cost pressures[48] - The total amount of financial assets measured at fair value was 906,455,250.00, with a fair value change of 5,665,083.29 during the period[79] - The company has a total of 41,912,041.88 in restricted assets, primarily due to deposits and pledges[77] Compliance and Governance - The company has committed to fulfilling its obligations to shareholders and the public, including measures to rectify any breaches of commitments made during its IPO process[168] - The company has not reported any tax evasion or significant tax-related violations since its establishment[165] - The company has adhered to the new accounting policies and estimates without significant impact on its financial condition and operating results[172] - The company has confirmed that all employee compensation and social insurance payments have been made in accordance with regulations[166] Future Outlook - The company provided a future outlook projecting a revenue growth of 10% to 12% for the next fiscal year[115] - The company expects to maintain a gross margin of approximately 40% in the upcoming fiscal year[115] - The company anticipates a steady growth trend in the automotive industry, leading to increased demand for automotive bearings[89] - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within three years[117] Risks and Challenges - The company faces risks related to macroeconomic fluctuations, which could impact order volumes and inventory management[99] - The company is exposed to risks from the volatility of raw material prices, particularly steel, which has significantly affected gross margins since Q4 2020[99] - The company acknowledges the risk of product price reductions due to competitive pressures and the lifecycle characteristics of automotive components[100]