Financial Performance - The company's operating revenue for 2022 was ¥1,148,296,731.11, representing a 23.51% increase compared to ¥929,697,401.75 in 2021[21]. - The net profit attributable to shareholders decreased by 22.60% to ¥75,574,958.30 in 2022 from ¥97,646,056.71 in 2021[21]. - The cash flow from operating activities showed a significant decline, with a net outflow of ¥51,606,196.01 in 2022 compared to an inflow of ¥21,383,302.06 in 2021, marking a 341.34% decrease[21]. - The total assets increased by 70.62% to ¥2,872,252,791.91 at the end of 2022, up from ¥1,683,407,160.77 at the end of 2021[21]. - The company reported a basic earnings per share of ¥0.37 in 2022, down 22.92% from ¥0.48 in 2021[21]. - The company achieved a revenue of 1,148.30 million yuan in 2022, representing a year-on-year growth of 23.51%[64]. - The automotive parts sector contributed CNY 1,137,589,494.3, accounting for 99.07% of total revenue, with a year-on-year growth of 27.05%[71]. - Revenue from new energy products surged to CNY 415,396,408.03, a significant increase of 147.41% from CNY 167,898,688.60 in 2021[71]. - The precision machining sector saw a decline in revenue, dropping by 68.76% to CNY 10,707,236.80 from CNY 34,275,236.24 in 2021[71]. - The company reported a total revenue of 1.5 billion yuan for the fiscal year 2022, representing a year-over-year increase of 15%[131]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 231,024,278 shares[3]. - The total cash dividend distributed to shareholders was RMB 23,102,427.80, representing 100% of the profit distribution amount[154]. - The company’s cash dividend policy aligns with its articles of association and has been approved by the shareholders' meeting[153]. Market and Industry Trends - The automotive industry in China saw a total production and sales volume of 27.02 million and 26.86 million vehicles in 2022, respectively, with year-on-year growth of 3.4% and 2.1%[31]. - New energy vehicle sales reached 7.06 million units in 2022, representing a 96.9% increase year-on-year, with a market penetration rate of 25.6%[32]. - The company focuses on three main product segments: EGR systems, new energy, and precision components, aligning with industry trends towards high-end traditional fuel vehicles and comprehensive new energy vehicles[31]. - By 2025, new energy vehicles are expected to account for approximately 20% of total vehicle sales, with a target of 40% by 2030[40]. - The market for dual-motor new energy vehicles is expanding, with popular models like Tesla Model 3 and BYD Han EV offering dual-motor versions[40]. Research and Development - The company is committed to quality management, adhering to international standards such as ISO9001 and IATF16949:2016[13]. - The company is focusing on three main business segments: EGR systems, new energy vehicles, and precision components, with significant investments in R&D for hydrogen fuel cell components and natural gas commercial vehicle parts[42]. - The company has initiated several R&D projects aimed at expanding the application of EGR valves and coolers in new energy vehicles, targeting improved efficiency and reduced emissions[80]. - R&D investment amounted to ¥51,952,115.68 in 2022, representing 4.52% of total revenue, an increase from 4.18% in 2021[83]. - The number of R&D personnel increased by 50% from 96 in 2021 to 144 in 2022, with a proportion of 20.54% of total employees[83]. Operational Challenges - The net cash flow from operating activities decreased by ¥73,989,500, a decline of 341.34% compared to the previous year, primarily due to increased material payments[85]. - The company faces risks from potential changes in automotive industry policies that could adversely affect its operations and performance if it fails to adapt to new market conditions[111]. - Rising raw material costs, particularly for silicon steel used in electric motor cores, could negatively affect the company's gross margin and overall performance[113]. - The company acknowledges a technology gap compared to leading global competitors, which could impact its future operations if it fails to innovate and maintain competitive advantages[112]. Corporate Governance - The company emphasizes the importance of a robust governance structure to protect shareholder interests and ensure compliance with relevant regulations[117]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[118]. - The company established a comprehensive performance evaluation and incentive mechanism, launching the third employee stock ownership plan to enhance management accountability[119]. - The audit committee oversees the implementation of internal audit systems and reviews financial information, ensuring compliance with internal control standards[120]. - The company maintains independence from its controlling shareholders in terms of business operations, personnel, assets, and finances, ensuring autonomous decision-making[122]. Employee Engagement and Development - The company has established a comprehensive salary management system and performance evaluation mechanism to enhance employee motivation and responsibility[149]. - The company plans to conduct skill training for employees, including a junior assembly fitter class, with plans for intermediate and advanced classes in 2023[150]. - The total number of employees receiving salaries during the reporting period was 709[148]. - The company has a total of 15 employees with a master's degree or above, and 157 with a bachelor's degree[148]. Strategic Initiatives - The company is actively engaging with leading domestic and international enterprises to lay a solid foundation for the sustainable development of its new energy business[52]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 500 million yuan allocated for potential deals[135]. - The management team emphasized a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% over the next five years[135]. - The company has successfully completed a merger with a local tech firm, which is expected to increase operational capacity by 30%[135]. Financial Management and Investments - The total investment amount for the reporting period was ¥19,238,775.50, representing an increase of 811.32% compared to the same period last year, which was ¥2,111,100.00[93]. - The company raised a total of ¥715,610,991.70 from issuing 29,172,890 shares at ¥24.53 per share in 2022, with net proceeds after fees amounting to ¥707,610,991.70[98]. - The company has a structured approach to guarantees, with specific types categorized as general guarantees[194]. - The guarantees are primarily for operational support, reflecting the company's strategy to bolster its subsidiaries[194]. Compliance and Risk Management - The company has actively engaged in internal audits and compliance with regulatory requirements[145]. - The company has not reported any significant internal control deficiencies during the reporting period[161]. - The company has committed to fulfilling its obligations regarding stock lock-up periods following the issuance of shares[173]. - The company has not faced any major litigation or arbitration matters during the year[180].

Group 1: Company Overview and Competitive Advantages - Longsheng Technology is one of the earliest companies in China engaged in the research and production of EGR systems, having established five industry standards and holding over 200 effective patents [2] - The comprehensive advantages of Longsheng's EGR products compared to competitors include: environmental certification advantages, customer resource advantages, R&D and technology advantages, synchronous development advantages, quality management advantages, and product line advantages [2] - Longsheng's EGR series products cover emission standards from light to heavy vehicles, providing complete EGR system solutions across various engine displacement segments [2] Group 2: Client Relationships and Market Position - Longsheng Technology has established strong partnerships with domestic engine manufacturers and vehicle manufacturers, including Cummins, Dongfeng Commercial, SAIC-GM-Wuling, and others [2] - The subsidiary Weiyan Precision primarily serves European, American, and Japanese clients, focusing on the automotive and communications sectors, and operates as a secondary or tertiary supplier [3] Group 3: Impact of Market Conditions - The significant decline in automotive production and sales in Q1 has notably affected Weiyan Precision, which specializes in precision automotive components and electronic communication parts [3] - Despite the challenges, Weiyan Precision aims to fulfill its performance commitments as market conditions improve [3] Group 4: Future Strategies and Plans - Longsheng Technology completed the acquisition of Weiyan Precision in 2018 and is currently advancing refinancing efforts, with no immediate plans for further acquisitions [4] - The company plans to maintain a focus on the automotive industry while actively pursuing strategic transformation and upgrading, particularly in fuel alternatives and new energy sectors [4]

证券简称：隆盛科技 证券代码：300680 编号：2020-003 无锡隆盛科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-----------------------|------------------------------|--------------------------------------------|--------------------------------------------------------------| | | R | 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 | | | | | R 现场参观 £其他 | | | | | 天风证券：杨 阳； | | 安信证券：徐慧雄 乔璐； | | | 中信资管：许宏国； | | 长江证券：陈斯竹； | | 参与单位名称及 | 中信自营：刘锐； | | 国寿安保基金：撒伟旭 张 标； | | 人员姓名 | 天弘基金：李佳明； | | 南方基金：卢玉珊； | | | 富国基金：孙柏蔚； | ...

证券代码：300680 证券简称：隆盛科技 无锡隆盛科技股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | --- | --- | --- | --- | |-----------------------|----------------------------------------|------------------|-------------|------------------------------------------------------------------|-------|-------| | 投资者关系活动 \n类别 | \n□媒体采访 \n□新闻发布会 □路演活动 \n | \n现场参观 □其他 | | 特定对象调研 □分析师会议 \n□业绩说明会 | | | | | 中泰证券 | 毛䶮玄 | | 首创证券 陈逸同 | | | | | | | | 景顺长城 曹雅倩 海富通 王振遨 | | | | | | | | 博时基金 王乐琛 恒越基金 葛翔 | | | | 参与单位名称及 | | | | 汐泰投资 胡昊泽 仁布投资 | 袁祥 | ...

无锡隆盛科技股份有限公司 2022 年第三季度报告 证券代码：300680 证券简称：隆盛科技 公告编号：2022-090 无锡隆盛科技股份有限公司 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。 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 296,340,656.99 | 33.37% | 807,108,199.27 | 30.61% | | 归属于上市公司股东 | 27,260,916.40 | -3.69% | 67,093,213.35 | -5.59% | | 的净利润（元） ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[12]. - The company's revenue for the first half of 2022 was ¥510,767,542.28, representing a 29.05% increase compared to ¥395,782,867.49 in the same period last year[21]. - The net profit attributable to shareholders decreased by 6.85% to ¥39,832,296.95 from ¥42,759,994.45 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥37,684,597.59, a decrease of 4.23% from ¥39,349,465.11 in the previous year[21]. - The company's net profit for the first half of 2022 was not disclosed in the provided documents, but the increase in total assets and liabilities suggests a focus on growth and expansion strategies[159]. - The company's total comprehensive income for the first half of 2022 was ¥38,516,186.12, down from ¥44,151,629.56 in the same period of 2021[163]. - The company's total comprehensive income for the first half of 2022 was CNY 46,065.78 million, a decrease of 1.2% compared to the previous period[175]. - The total revenue for the first half of 2022 was CNY 39,832.29 million, representing a year-on-year increase of 6.96%[175]. Profitability and Margins - The gross profit margin improved to 30%, up from 28% in the same period last year[12]. - The gross margin for EGR products decreased by 2.14% to 24.30%, while precision automotive parts saw a decrease of 9.51% to 18.81%[57]. - The revenue from new energy vehicle components surged by 154.13% to ¥140,757,031.08, with a gross margin of 15.35%[57]. - The weighted average return on net assets was 4.33%, down from 5.10% in the same period last year[21]. Research and Development - Research and development expenses increased by 10% to RMB 50 million, focusing on new energy technologies[12]. - Research and development investment rose by 14.23% to ¥21,337,683.37, up from ¥18,678,777.07[55]. - The company has over 340 valid patents, including more than 50 invention patents, demonstrating its strong R&D capabilities[49]. - The company has allocated resources for research and development of new products[182]. Market Expansion and Product Development - User data indicates a growth in active users by 20%, reaching 1 million active users by the end of June 2022[12]. - The company plans to launch two new products in Q4 2022, targeting a market expansion of 25% in the automotive sector[12]. - The company is expanding its production capacity for drive motor cores and continuously broadening its customer base in the new energy vehicle sector[43]. - The company is actively developing new projects in the precision parts business, with some projects already in the small batch sample stage[45]. Financial Health and Cash Flow - The net cash flow from operating activities surged by 194.56% to ¥38,130,609.90, up from ¥12,944,882.99 in the previous year[21]. - The company's cash and cash equivalents decreased by 64.96% to ¥17,809,144.04, down from ¥50,827,013.09 due to significant investments in assets[55]. - The company's cash inflow from operating activities showed a strong performance, with a net cash flow of CNY 17,175,435.71, up from CNY 6,231,275.69 in the first half of 2021, representing a growth of 175.5%[170]. - Cash outflow for investment activities totaled CNY 537,534,368.84, significantly higher than CNY 62,266,508.27 in the first half of 2021, indicating increased capital expenditures[169]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[12]. - The company has completed the acquisition of 80% of the shares of its subsidiary, Weiyan Zhongjia, enhancing its capabilities in aerospace and military products[46]. - The company plans to continue expanding its market presence and invest in new technologies in the upcoming quarters[176]. - The company is considering potential mergers and acquisitions to enhance growth[182]. Risk Factors - Risk factors include supply chain disruptions and increased competition in the technology sector, which the company is actively monitoring[12]. - The company faces risks from changes in automotive industry policies, which could adversely affect overall production and performance[79]. - The company is exposed to macroeconomic fluctuations that may impact demand in downstream industries, particularly in the automotive sector[81]. - Rising raw material costs, particularly for silicon steel sheets, could negatively impact the company's gross margin[83]. Shareholder and Governance Matters - No cash dividends or stock bonuses will be distributed to shareholders for this fiscal year[5]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[90]. - The company has maintained compliance with environmental regulations and has not faced any administrative penalties during the reporting period[97]. - The company has established measures to protect the interests of minority shareholders in related transactions[101]. Assets and Liabilities - Total assets increased by 17.31% to ¥1,974,730,061.53 compared to ¥1,683,407,160.77 at the end of the previous year[21]. - The total liabilities increased to CNY 1,018,138,447.08 from CNY 731,407,818.25, reflecting a rise of approximately 39.2%[155]. - The company's current assets reached CNY 838,128,023.19, up from CNY 796,805,703.22, indicating an increase of about 5.2%[151]. - The total owner's equity rose to CNY 956,591,614.45 from CNY 951,999,342.52, reflecting a slight increase of about 0.5%[155]. Compliance and Regulatory Matters - The semi-annual financial report has not been audited[105]. - The company has pledged to comply with new regulatory requirements from the China Securities Regulatory Commission if they arise[102]. - The company has not reported any issues or other situations regarding the use and disclosure of raised funds[70].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 286,064,839.74, representing a 42.55% increase compared to CNY 200,676,921.66 in the same period last year[3] - The net profit attributable to shareholders for Q1 2022 was CNY 29,040,214.44, up 36.40% from CNY 21,290,792.04 year-on-year[3] - The net cash flow from operating activities increased significantly to CNY 16,317,460.51, a 278.42% improvement from a negative CNY 9,145,300.51 in the previous year[3] - The weighted average return on equity for Q1 2022 was 3.18%, up from 2.57% in the same period last year[3] - The company's basic earnings per share for Q1 2022 was CNY 0.1439, a 36.40% increase compared to CNY 0.1055 in the previous year[3] - Net profit for Q1 2022 reached CNY 28,795,866.30, representing a 31.8% increase from CNY 21,870,284.88 in Q1 2021[21] - Earnings per share (EPS) for Q1 2022 was CNY 0.1439, compared to CNY 0.1055 in the previous year, reflecting a 36.3% increase[22] - The company reported a total comprehensive income of CNY 28,814,493.03 for Q1 2022, compared to CNY 21,700,966.42 in Q1 2021[22] Assets and Liabilities - Total assets at the end of Q1 2022 reached CNY 1,880,162,956.68, an 11.69% increase from CNY 1,683,407,160.77 at the end of the previous year[3] - The total liabilities as of Q1 2022 amounted to CNY 894,216,621.13, up from CNY 731,407,818.25 in the previous year[21] - The total equity attributable to shareholders of the parent company was CNY 928,731,939.59, an increase from CNY 899,680,549.11 year-over-year[21] - The company reported a total non-current asset balance of ¥924,660,775.07, up from ¥886,601,457.55, indicating an increase of approximately 4.3%[17] Operating Costs and Income - The company's operating costs increased by 49.96% to CNY 225,141,558.51, driven by rising raw material costs and increased sales revenue[8] - Total operating costs for Q1 2022 were CNY 255,008,599.25, up 44.5% from CNY 176,435,976.53 year-over-year[20] - The company reported a significant increase in other operating income, which rose to CNY 441,379.65, a 1043.82% increase from CNY 38,588.07 in the previous year[8] Cash Flow - The net cash flow from investment activities was -93,022,199.97 CNY, compared to -24,686,662.22 CNY in the previous year, indicating a significant increase in cash outflow for investments[26] - The total cash inflow from financing activities was 233,658,750.00 CNY, a substantial increase from 20,385,692.50 CNY year-over-year[26] - The net cash flow from financing activities was 152,411,591.44 CNY, contrasting with a negative flow of -1,097,174.92 CNY in the same period last year[26] - The cash and cash equivalents at the end of the period totaled 142,357,504.20 CNY, up from 31,374,628.85 CNY year-over-year[26] - The company reported a net increase in cash and cash equivalents of 75,624,545.05 CNY, compared to a decrease of -35,279,885.21 CNY in the previous year[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,456[10] - The largest shareholder, Ni Maosheng, holds 24.33% of the shares, amounting to 49,117,012 shares[10] Employee Stock Ownership Plan - The second phase of the employee stock ownership plan acquired a total of 1,789,395 shares, accounting for 1.24% of the total share capital, with a total transaction amount of ¥49,458,037.03[14] - The company plans to establish a third phase of the employee stock ownership plan, with the specific scale to be determined later[14] Future Plans and Developments - The company is actively promoting a private placement of A-shares, which is pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission[13] - The company received an inquiry letter from the Shenzhen Stock Exchange regarding the private placement application, and responses were submitted by April 1, 2022[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21] Research and Development - Research and development expenses for Q1 2022 totaled CNY 10,877,694.26, an increase of 28.3% from CNY 8,477,452.70 in the same period last year[21] Audit Information - The company did not undergo an audit for the first quarter report[27]

Company Overview - The company operates in the automotive parts industry, focusing on the development, production, and sales of EGR systems, new energy products, and precision components[6]. - The company's main business segments include engine exhaust gas recirculation (EGR) systems, new energy, and precision components, covering various vehicle types[122]. Financial Performance - Wuxi Longsheng Technology Co., Ltd. reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year growth of 15%[24]. - The company achieved a net profit of RMB 150 million in 2021, which is an increase of 20% compared to the previous year[24]. - The company's operating revenue for 2021 was ¥929,697,401.75, representing a 60.83% increase compared to ¥578,056,435.44 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥97,646,056.71, an increase of 81.94% from ¥53,669,453.56 in 2020[32]. - The total assets at the end of 2021 were ¥1,683,407,160.77, a 21.03% increase from ¥1,390,877,871.77 at the end of 2020[32]. - The company reported a significant growth in the automotive industry, with a 3.4% increase in production and sales of automobiles in 2021, totaling 26.08 million units[42]. - The company achieved a sales revenue of 929.70 million yuan in 2021, representing a year-on-year growth of 60.83%[63]. - The EGR product segment generated sales revenue of 328.21 million yuan in 2021, up 47.50% from 240.59 million yuan in 2020[79]. Research and Development - The company plans to invest RMB 200 million in R&D for new products and technologies in 2022, focusing on electric vehicle components[25]. - The company has a total of 319 valid patents, including 59 invention patents, 249 utility model patents, and 11 design patents[74]. - The company is actively involved in research and development, which is crucial for maintaining competitive advantage in the technology sector[141]. - The company’s R&D expenses amounted to ¥38,895,912.46, representing a 29.81% increase from ¥29,963,883.69 in 2020[101]. Market Strategy and Expansion - Longsheng Technology aims to increase its market share by 10% in the next fiscal year through strategic partnerships and market expansion initiatives[25]. - The company is exploring potential acquisitions to enhance its product offerings and technological capabilities, with a target of completing at least one acquisition in 2022[25]. - The company is focused on expanding its EGR technology application from light-duty to medium and heavy-duty diesel vehicles, as well as non-road machinery[68]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[153]. Corporate Governance - The company has established a governance structure that ensures effective checks and balances, promoting compliance with relevant laws and regulations[175]. - The company has a clear governance structure with independent directors and supervisors, ensuring effective oversight[137]. - The company has a dedicated internal audit system to monitor financial management and internal controls[133]. - The company has not reported any significant internal control deficiencies during the reporting period, with zero major or important deficiencies identified[171]. Risk Management - The company is subject to risks related to changes in automotive industry policies, which could impact its operational performance[6]. - The company acknowledges the risk of goodwill impairment due to potential adverse changes in the economic environment and customer demand[12]. - The company is closely monitoring macroeconomic trends and adjusting its business strategies to ensure sustainable high-quality development[8]. Employee and Compensation Management - The total number of employees at the end of the reporting period was 651, with 334 in production, 36 in sales, and 96 in technical roles[157]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.2285 million[147]. - The company has a compensation decision-making process based on annual operational targets and performance evaluations[145]. - The company has a training program aimed at improving employee skills and overall quality through a combination of internal and external training[159]. Environmental and Social Responsibility - The company emphasizes environmental responsibility and has not faced any administrative penalties related to environmental issues during the reporting period[174]. - The company is committed to sustainability initiatives, with plans to reduce carbon emissions by 20% over the next three years[181]. Future Outlook - The company has set a performance guidance for 2022, projecting a revenue growth of 18% and a net profit increase of 22%[24]. - The company provided a positive outlook for 2022, projecting a revenue growth of 15% to 1.725 billion RMB, driven by new product launches and market expansion strategies[180]. - The company aims to launch three new products in 2022, which are anticipated to contribute an additional 200 million RMB in revenue[181].

无锡隆盛科技股份有限公司 2021 年第三季度报告 证券代码：300680 证券简称：隆盛科技 公告编号：2021-073 无锡隆盛科技股份有限公司 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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 222,187,547.15 | 48.69% | 617,970,414.64 | 67.22% ...

Financial Performance - The company's operating revenue for the reporting period reached ¥395,782,867.49, representing a 79.80% increase compared to ¥220,122,841.15 in the same period last year[24]. - The net profit attributable to shareholders was ¥42,759,994.45, a significant increase of 189.60% from ¥14,765,273.03 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥39,349,465.11, up 103.67% from ¥19,320,645.48 year-on-year[24]. - The company's total assets increased by 7.86% to ¥1,500,260,903.01 from ¥1,390,877,871.77 at the end of the previous year[24]. - The net assets attributable to shareholders rose by 3.47% to ¥844,729,631.69 from ¥816,416,718.35 at the end of the previous year[24]. - The company's revenue for the first half of 2021 reached ¥395.78 million, a 79.80% increase compared to ¥220.12 million in the same period last year, driven by the growth of EGR National VI products and small-scale new energy business[45]. - The company reported a significant increase in revenue for the first half of 2021, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 25%[93]. - The company reported a total comprehensive income of CNY 44,151,629.56 for the first half of 2021, compared to CNY 14,640,510.57 in the same period of 2020[162]. - The comprehensive income for the current period amounted to 49.81 million yuan, reflecting a significant increase of 39.9% compared to the previous period[182]. Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the chairman and accounting head[3]. - All board members attended the meeting to review the report, ensuring full participation in the decision-making process[4]. - The company has a comprehensive governance structure in place, as detailed in the governance section of the report[4]. - The company emphasizes high-quality management and lean production to fulfill its social responsibilities towards customers, suppliers, and consumers[84]. - The company has established a governance structure that respects and protects the rights of all shareholders, particularly minority shareholders[82]. - The company provides comprehensive social insurance and benefits to employees, ensuring a healthy and secure working environment[83]. - The company actively engages with investors through multiple communication channels to enhance transparency and trust[82]. - The company reported a commitment to comply with relevant laws and regulations to protect the interests of minority shareholders[90]. Risk Factors and Management - The company faces various risk factors, which are detailed in the section discussing risks and countermeasures[4]. - The company faces risks related to macroeconomic fluctuations and changes in downstream industry demand, which could impact overall performance[69]. - There is a risk of goodwill impairment related to the acquisition of Wuxi Weiyan, which could negatively affect the company's financial results if the subsidiary's performance deteriorates[71]. - The company emphasizes the importance of continuous technological innovation to maintain its competitive edge in the automotive parts sector[70]. Research and Development - The company has established a complete quality assurance system, emphasizing quality management and customer satisfaction, which has been enhanced by international clients' stringent quality control measures[42]. - The company's R&D investment increased by 90.38% to ¥18.68 million, reflecting the addition of new R&D projects[46]. - Research and development expenses for the first half of 2021 were ¥18,678,777.07, which is a 90.5% increase from ¥9,811,249.55 in the first half of 2020[157]. - The company is focused on the research and development of automotive components, particularly EGR systems, and is positioned to benefit from supportive government policies in the automotive industry[69]. - The company is focusing on enhancing its technological capabilities through R&D investments, with a specific emphasis on innovative product features[178]. Market Strategy and Operations - The company has made significant progress in the layout and expansion of core components in the fields of new energy, fuel substitution, and fuel cells[31]. - The main business includes the research, production, and sales of EGR system products, which encompass EGR valves, control units (ECU), sensors, and other components[31]. - The company has adopted a direct sales model to automotive manufacturers, focusing on R&D, quality, and supply capabilities[32]. - The company has begun mass production of motor iron core projects, with significant progress in partnerships with major electric vehicle manufacturers since May 2021[37]. - The company is actively expanding its market share in the heavy-duty truck sector, with rapid sales growth in EGR module products and an increase in major customer share[36]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[93]. - The company plans to expand its market presence and invest in new product development, aiming for a significant increase in user engagement[178]. Financial Position and Investments - The cash and cash equivalents increased by 23,499.12% to ¥50.83 million, primarily due to the redemption of financial products[46]. - The company's operating cash flow net amount decreased by 23.17% to ¥12.94 million compared to the previous year[46]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥159.20 million, representing 10.61% of total assets, an increase of 4.69% compared to the previous year[50]. - The total amount of raised funds was ¥222.96 million, with ¥51.32 million invested during the reporting period and a cumulative investment of ¥158.83 million[54]. - The company has committed to invest in projects such as the electric motor core project with a total investment of ¥164.16 million, of which ¥40.31 million has been invested so far, achieving 65.19% of the planned progress[59]. - The company has set aside 76.6 million yuan for special reserves, reflecting its commitment to future investments and risk management[183]. Shareholder Information - The company reported a total of 10,000,000 CNY in entrusted financial management, with no overdue amounts or expected losses[63]. - The company has made commitments to small and medium shareholders regarding shareholding and management practices[97]. - The total number of shares held by the top ten shareholders with unrestricted shares includes 9,830,338 shares held by Ni Maosheng[134]. - The company has not reported any related party transactions among the top ten shareholders[134]. - The total number of shares held by the top ten unrestricted shareholders amounts to 56,779,802 shares[134]. Environmental and Social Responsibility - The report emphasizes the importance of environmental and social responsibility in the company's operations[25]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[81]. - The company adheres to various environmental protection laws and has not been classified as a key pollutant discharge unit[81].