证券代码：300733 证券简称：西菱动力 公告编号：2022-059 成都西菱动力科技股份有限公司 关于参加 2022 年四川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的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，成都西菱动力科技股份有限公司（简称 "公司"）将参加由四川证监局、四川省上市公司协会与深圳市全景网络有限公 司联合举办的"2022 年四川辖区上市公司投资者集体接待日活动"，现将相关事 项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与 本次互动交流，活动时间为 2022 年 9 月 16 日（星期五） 15:00-17:00。 届时公司董事长兼总经理魏晓林先生、董事会秘书杨浩先生、财务总监王先 锋先生将在线就公司治理、发展战略、 经营状况等投资者关心的问题，与投资者 进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告！ 成都西菱动力科技股份有限公司董事会 2022 年 9 月 9 日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 465,823,762.91, representing a 32.96% increase compared to CNY 350,349,608.10 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 35,553,566.07, up 10.91% from CNY 32,054,931.52 in the previous year[19]. - The net cash flow from operating activities improved significantly to CNY 24,784,459.37, a 147.20% increase from a negative CNY 52,512,818.04 in the same period last year[19]. - The total assets of the company at the end of the reporting period were CNY 2,603,899,888.84, reflecting a 7.94% increase from CNY 2,412,407,582.07 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 3.05% to CNY 1,357,124,460.46 from CNY 1,317,002,173.83 at the end of the previous year[19]. - Basic earnings per share rose to CNY 0.2066, a 6.77% increase from CNY 0.1935 in the same period last year[19]. - The company reported a government subsidy of CNY 1,752,938.10, contributing positively to its financial performance[23]. - The company reported a total comprehensive income for the first half of 2022 of CNY 39,449,530.24, compared to CNY 34,795,068.56 in the same period of 2021[160]. - The company incurred interest expenses of CNY 14,088,151.00, which is a substantial increase from CNY 5,457,029.54 in the first half of 2021[159]. - The company reported a tax expense of CNY 3,296,511.59 for the first half of 2022, compared to a tax benefit of CNY 2,124,125.25 in the first half of 2021[159]. Market and Industry Context - In the first half of 2022, China's GDP was RMB 56,264.2 billion, with a year-on-year growth of 2.50%, and a growth of only 0.40% in Q2[27]. - From January to June 2022, China's automobile production and sales were 12.106 million and 12.047 million units, respectively, representing year-on-year declines of 3.68% and 6.55%[27]. - In the same period, the production and sales of new energy vehicles in China reached 2.653 million and 2.591 million units, with year-on-year growth rates of 118.35% and 114.84%, respectively, achieving a market share of 21.51%[28]. - The Chinese government has implemented multiple policies to support the automotive industry, including tax reductions for certain passenger vehicles and measures to stimulate consumption[30]. - The automotive industry in China has significant growth potential, with a per capita car ownership of 213 vehicles in 2021, compared to 500-800 vehicles in developed countries[31]. Company Operations and Strategy - The company is involved in the production of automotive engine components, including crankshaft torsional vibration dampers, connecting rod assemblies, camshaft assemblies, and turbochargers[34]. - The company has established a high-temperature alloy casting production line, which is currently in the debugging phase, utilizing a rapid active filling process to improve material performance and production efficiency[38]. - The company has obtained necessary qualifications and certifications to engage in military and civil aviation component processing, including precision machining of aviation structural parts and system components[36]. - The company aims to expand its market presence in the aviation sector, with a projected demand for 8,725 new civil aircraft in China from 2020 to 2039, valued at approximately USD 1.3 trillion[32]. - The company plans to promote its high-temperature alloy casting technology across various sectors, including aerospace and military applications, based on market conditions and funding availability[38]. - The company has established strong partnerships with major clients such as GAC Toyota, FAW Toyota, and BYD, resulting in a rapid year-on-year growth in product delivery volume for joint venture brand clients[39]. - Turbocharger clients like Geely and Ideal have begun mass production, with the company focusing on enhancing its R&D, supply chain, and quality management systems to ensure rapid and healthy growth in turbocharger business revenue[39]. - The company has expanded its production capacity by establishing Chengdu Xinsanhe Aerospace Equipment Intelligent Manufacturing Co., enhancing customer service and product delivery levels in the military and civil aviation parts business[40]. - The company has developed a comprehensive procurement management system, with a focus on centralized procurement and effective supplier evaluation and management[48]. - The company has a strong market position in the automotive parts sector, collaborating with numerous well-known automotive manufacturers, which contributes to its competitive advantage[51]. - The company has achieved significant technological advancements, developing hundreds of specifications for key components like camshafts and turbochargers, and holds a series of proprietary core technologies[55]. - The company has seen a steady increase in orders in the military and civil aviation sectors, reflecting positive results in market expansion efforts[56]. - The company employs a direct sales model for both automotive and military parts, ensuring efficient order acquisition through competitive negotiations and supplier qualification processes[45]. - The company has a well-established production process for automotive engine components, including forging, casting, and precision machining, which supports its operational efficiency[46]. - The company has enhanced its capabilities in the military and civil aviation parts sector through mergers and acquisitions, leveraging its subsidiary's expertise in aerospace manufacturing[53]. Financial Management and Investments - Research and development investment increased by 27.67% to ¥22,051,610.76, reflecting the company's commitment to innovation and product development[62]. - The company reported a 255.19% increase in income tax expenses to ¥3,296,511.59, attributed to growth in revenue and profits[62]. - The inventory level rose to ¥383,139,517.76, accounting for 14.71% of total assets, due to the production ramp-up of turbochargers and preparations for high-temperature alloy production[67]. - The company has established a strong cost control advantage through improved design precision and automation, ensuring competitive pricing against foreign competitors[58]. - The company’s fixed assets amounted to ¥975,057,961.38, representing 37.45% of total assets, with ongoing investments in production lines for Toyota and turbochargers[67]. - The company has a diversified product range, including crankshaft torsional dampers, connecting rod assemblies, camshaft assemblies, and turbochargers, enhancing its competitive strength and risk resilience[59]. - The company’s cash and cash equivalents decreased by 199.12% to -¥31,653,143.99, indicating a need for improved cash management strategies[62]. - The company invested a total of ¥137,259,923.26 in fixed asset projects during the reporting period, with a cumulative actual investment of ¥489,663,868.27[73]. - The aviation structural components manufacturing production line project has achieved a completion rate of 98% with an investment of ¥84,196,246.97[73]. - The turbocharger production line project has a cumulative investment of ¥78,854,764.19, achieving an 80% completion rate[73]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for this period[4]. - The total number of shares before the change was 172,123,019, with a decrease of 2,846,688 shares in limited sale conditions[132]. - After the change, the number of limited sale shares was 49,881,168, representing 28.98% of the total shares[132]. - The number of unrestricted shares increased to 122,241,851, representing 71.02% of the total shares[132]. - The total number of common shareholders at the end of the reporting period was 8,709[137]. - The largest shareholder, Wei Xiaolin, holds 38.39% of the shares, totaling 66,072,216 shares, with 30,940,481 shares pledged[137]. - The second-largest shareholder, Yu Yinglian, holds 21.41% of the shares, totaling 36,843,004 shares[137]. - The company reported a total of 196.15 million yuan in related party transactions during the reporting period[122]. - The company has a balance of 29.68 million yuan in right-of-use assets at the end of the reporting period[122]. - The company has a balance of 128.03 million yuan in payable financing lease liabilities at the end of the reporting period[122]. - The company reported an investment property balance of 23.28 million yuan at the end of the reporting period[122]. - The total approved guarantee amount for subsidiaries is 55 million yuan, with actual guarantees amounting to 8.27 million yuan during the reporting period[123]. - The actual guarantee amount accounted for 6.83% of the company's net assets[126]. - The company did not provide any guarantees to shareholders, actual controllers, or related parties during the reporting period[126]. - The company has no plans for significant mergers or acquisitions as of the reporting period[128]. - There were no changes in the number of shareholders or their holdings that required disclosure[135]. Risk Factors and Management - The company has outlined potential risk factors and countermeasures in its management discussion and analysis section[4]. - The company faces market risks due to reliance on major clients like Chengdu Aircraft Industry Group, which could impact revenue if client strategies change[81]. - The company benefits from a preferential corporate income tax rate of 15% as a high-tech enterprise, but risks an increase to 25% if it loses this status[82]. - The company emphasizes the importance of continuous R&D investment to maintain its competitive edge in the automotive parts sector[85]. - The company is focusing on entering the new energy vehicle parts market to adapt to industry changes and maintain stability[86]. - The company did not engage in any entrusted financial management or derivative investments during the reporting period[75][76]. - The company did not sell any significant assets or equity during the reporting period[78]. - The company did not experience any significant sales returns during the reporting period[122]. - There were no asset or equity acquisitions or sales during the reporting period[114]. - The company did not engage in any joint external investment transactions during the reporting period[115]. - The company has no non-operating related party debt transactions during the reporting period[116]. - The company has no significant contracts or leasing matters that impacted profit by over 10% during the reporting period[122]. - The financial report for the first half of 2022 was not audited[148].

Financial Performance - The company's revenue for Q1 2022 was ¥224,896,271.76, representing a 51.99% increase compared to ¥147,970,639.97 in the same period last year[3] - Net profit attributable to shareholders was ¥27,013,773.34, up 63.91% from ¥16,480,486.44 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥26,709,501.45, reflecting a 63.52% increase compared to ¥16,334,359.66 in the previous year[3] - The net profit for Q1 2022 was CNY 30,066,180.21, a significant increase from CNY 16,210,878.47 in Q1 2021, representing an increase of approximately 85.5%[22] - The operating profit for Q1 2022 reached CNY 33,959,986.71, compared to CNY 15,768,114.06 in the same period last year, indicating a growth of about 115.5%[22] - Basic earnings per share for Q1 2022 were CNY 0.1569, compared to CNY 0.1036 in Q1 2021, reflecting an increase of approximately 51.4%[23] - The total revenue from sales of goods and services received in Q1 2022 was CNY 190,155,406.45, an increase from CNY 155,748,435.22 in Q1 2021, representing a growth of about 22.1%[24] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at -¥18,817,922.87, a decline of 262.35% from ¥11,590,920.27 in the same period last year[3] - The total cash flow from operating activities was negative at CNY -18,817,922.87, compared to a positive cash flow of CNY 11,590,920.27 in the previous year[25] - Cash and cash equivalents at the end of Q1 2022 were CNY 63,644,917.15, down from CNY 160,465,970.24 at the end of Q1 2021, a decrease of about 60.3%[25] - Cash and cash equivalents at the end of the period are CNY 113,658,328.71, down from CNY 148,855,670.53 at the beginning of the year, reflecting a decrease of approximately 23.6%[17] - The company reported a net cash outflow from investing activities of CNY -25,497,480.90, compared to CNY -12,324,352.36 in the previous year[25] - The total cash inflow from financing activities was CNY 151,470,637.23, down from CNY 224,207,771.10 in Q1 2021, indicating a decrease of approximately 32.4%[25] Research and Development - R&D expenses increased by 88.29% due to higher spending on turbocharger and aviation component projects[8] - Research and development expenses increased to CNY 10,091,920.12, up from CNY 5,359,802.84, marking an increase of approximately 88.5% year-over-year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,513,760,242.49, a 4.20% increase from ¥2,412,407,582.07 at the end of the previous year[3] - Total assets as of March 31, 2022, are CNY 2,513,760,242.49, up from CNY 2,412,407,582.07 at the beginning of the year, indicating a growth of about 4.2%[19] - Total liabilities increased to CNY 1,114,480,283.12 from CNY 1,059,843,731.86, reflecting an increase of approximately 5.2%[19] - The total equity attributable to shareholders of the parent company is CNY 1,346,683,654.07, up from CNY 1,317,002,173.83, representing a growth of about 2.3%[19] - The company has a non-current asset total of CNY 1,601,040,302.17, which is an increase from CNY 1,538,146,509.57 at the beginning of the year, indicating a growth of approximately 4.1%[18] Customer and Market Dynamics - The company experienced a shift in its customer base in the automotive parts sector, balancing sales between self-owned and joint venture brands[7] Financial Management - Financial expenses increased by 102.21% due to higher interest expenses from debt financing to support business growth[7] - Long-term borrowings increased by 46.06% compared to the previous year, indicating a need for additional financing[6] Other - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific net profit figures were not disclosed in the provided data[21] - The company did not conduct an audit for the Q1 2022 report[27]

Financial Performance - The company's operating revenue for 2021 was ¥727,554,227.68, representing a 46.14% increase compared to ¥513,173,338.83 in 2020[25]. - The net profit attributable to shareholders for 2021 was ¥20,040,477.05, a significant increase of 147.03% from ¥8,112,699.81 in 2020[25]. - The net profit after deducting non-recurring gains and losses was ¥15,860,388.50, up 294.71% from ¥4,018,253.08 in 2020[25]. - The net cash flow from operating activities reached ¥36,170,543.90, a dramatic increase of 2,711.89% compared to ¥1,286,341.55 in 2020[25]. - The total assets at the end of 2021 were ¥2,412,407,582.07, reflecting a 38.91% increase from ¥1,736,707,146.53 at the end of 2020[25]. - The company reported a basic earnings per share of ¥0.1189 for 2021, which is a 134.52% increase from ¥0.0507 in 2020[25]. - The weighted average return on equity for 2021 was 1.60%, up from 0.71% in 2020[25]. - The company achieved a total operating revenue of ¥727,554,227.68 in 2021, representing a year-on-year increase of 46.46% compared to ¥513,173,338.83 in 2020[62]. - The automotive parts segment generated revenue of ¥629,762,767.23, accounting for 83.97% of total revenue, with a year-on-year growth of 29.66%[62]. - The aerospace parts segment contributed ¥96,162,197.05, marking a new revenue stream for the company[62]. Market Position and Strategy - The company reported a significant market position and strong competitiveness in the automotive parts manufacturing sector, but faces risks from macroeconomic conditions and industry developments[6]. - The company aims to enhance its core competitiveness by entering the new energy vehicle parts sector and increasing investment in new product research and development[12]. - The company is focusing on the dual strategy of automotive parts and military/civil aviation components to enhance core competitiveness amid the shift towards electric vehicles[117]. - The company is actively pursuing new strategies for market expansion and technological advancement to drive future growth[132]. - The company is exploring potential mergers and acquisitions to strengthen its market position[182]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of $200 million allocated for potential deals[185]. Research and Development - The company has invested in key technologies for automotive engine components, including crankshaft torsional vibration dampers and camshafts, to maintain its competitive edge in precision manufacturing[10]. - The company has initiated research and development for hydrogen fuel cell systems, leveraging its technological and talent advantages[56]. - The company is investing in the development of high-temperature alloy casting production lines, which are expected to significantly enhance performance and efficiency compared to older processes[56]. - R&D investment amounted to ¥35,834,490.12, representing 4.77% of operating revenue[74]. - The company plans to increase R&D investment in advanced technologies, including hydrogen fuel cell systems and high-temperature alloy casting processes[111]. - The company has identified significant internal control deficiencies during the reporting period[162]. Cost Management and Risks - Raw material costs, including round steel and waste steel, constitute a high proportion of the main business costs, and fluctuations in these prices could impact production costs and operating performance[9]. - The company faced cost pressures due to rising prices of raw materials and disruptions in the automotive chip supply chain caused by the COVID-19 pandemic[34]. - The company anticipates challenges due to rising raw material costs and will implement cost control measures to enhance efficiency[111]. - The company actively manages raw material inventory and supplier relationships to mitigate the impact of price volatility[114]. Acquisitions and Partnerships - The company acquired Chengdu Xinsanhe Electromechanical New Technology Development Co., enhancing its military and civil aviation parts business and driving rapid growth in orders[45]. - The company completed the acquisition and integration of Chengdu Xinsanhe Electromechanical New Technology Development Co., Ltd., which generated revenue of ¥71,094,554.94 and a net profit of ¥15,133,322.96 during the reporting period[67]. - The company has established strong partnerships with major automotive manufacturers, including GAC Toyota, Ideal Auto, and BYD, for its turbocharger products[43]. Governance and Compliance - The company has established a robust governance structure, adhering to legal requirements and ensuring fair treatment of all shareholders[123]. - The company maintains independent financial operations, including separate bank accounts and a dedicated finance department, ensuring compliance with tax obligations[126]. - The company has committed to ensuring that all raised funds are utilized effectively to support its core business operations and strategic initiatives[102]. - The company has established strict guidelines for the management of shares during the lock-up period[178]. Future Outlook - The company anticipates that the Chinese automotive market will continue to grow, with sales expected to reach 27.5 million units in 2022, a 5.40% increase[34]. - The forecast for 2022 indicates that new energy vehicle sales in China are expected to reach 5 million units, a year-on-year increase of 47%[36]. - The company plans to expand the production capacity of turbochargers and related components, indicating a significant increase in working capital needs[155]. - The company is committed to sustainability, aiming to reduce carbon emissions by 30% by 2025[179]. - The company has a positive outlook for 2022, projecting a revenue increase of 20%[182]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[183].

Financial Performance - The company's operating revenue for 2021 was ¥749,943,811.41, representing a 46.14% increase compared to ¥513,173,338.83 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥20,040,477.05, a significant increase of 147.03% from ¥8,112,699.81 in 2020[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥15,860,388.50, up 294.71% from ¥4,018,253.08 in 2020[26]. - The net cash flow from operating activities was ¥36,170,543.90, a dramatic increase of 2,711.89% compared to ¥1,286,341.55 in 2020[26]. - The total assets at the end of 2021 amounted to ¥2,412,407,582.07, reflecting a 38.91% increase from ¥1,736,707,146.53 at the end of 2020[26]. - The company's basic earnings per share for 2021 was ¥0.1189, which is a 134.52% increase from ¥0.0507 in 2020[26]. - The company achieved a total revenue of ¥749,943,811.41 in 2021, representing a 46.14% increase compared to ¥513,173,338.83 in 2020[62]. - The revenue from automotive parts was ¥629,831,903.41, accounting for 83.98% of total revenue, with a year-on-year growth of 24.60%[62]. - The revenue from aviation parts reached ¥96,162,197.05, contributing 12.82% to total revenue, marking the beginning of significant growth in this sector[62]. - The company reported a gross profit of 13.12 million yuan, which is a 58.10% increase compared to the previous year[57]. Market Position and Strategy - The company reported a significant market position and strong competitiveness in the automotive parts manufacturing sector, but faces risks from macroeconomic conditions and industry developments[6]. - The company aims to enhance its core competitiveness by entering the new energy vehicle parts market, responding to the rapid growth of the electric vehicle sector[12]. - The company has expanded its market presence in the new energy vehicle sector, securing multiple projects including those with Ideal Auto and BYD[57]. - The company is committed to a dual business strategy focusing on automotive components and military/civil aviation components, enhancing its core competitiveness through accelerated new product development[118]. - The company is focused on expanding its market presence and developing new technologies to enhance its competitive edge[136]. Investment and R&D - The company has invested in key technologies for automotive engine components, including crankshaft torsional dampers and camshafts, to maintain its competitive edge in precision manufacturing[10]. - The company has initiated research and development for hydrogen fuel cell systems, leveraging its technological and talent advantages[57]. - The company is increasing R&D investment in cutting-edge technologies, including hydrogen fuel cell systems, to enhance product offerings in high-value sectors[113]. - The company has made strategic investments in new production lines for turbochargers and aviation components, which are expected to contribute to revenue growth in 2022[68]. - The company has established a technical and market development department to promote the new casting technology across various sectors, including aerospace and military applications[49]. Cost Management and Risks - Raw material costs, including round steel and waste steel, constitute a high proportion of operating costs, necessitating effective inventory management and supplier optimization to mitigate price fluctuations[9]. - The company faced cost pressures due to rising prices of raw materials and disruptions in the automotive chip supply chain caused by the COVID-19 pandemic[36]. - The company is addressing risks related to raw material price volatility, which significantly impacts production costs, by optimizing supplier management and inventory control[116]. - The company faces market risks due to fluctuations in demand influenced by macroeconomic conditions and industry policies, which could impact operations[114]. Governance and Management - The company has established a complete and independent operational system, ensuring no interference from controlling shareholders in major decision-making processes[122]. - The company maintains financial independence with its own bank accounts and financial decision-making systems, ensuring compliance with tax obligations[126]. - The company has a transparent governance structure, with a board of directors that operates in accordance with legal and regulatory requirements, ensuring fair treatment of all shareholders[124]. - The company has implemented an equity incentive plan to motivate and retain key management personnel, which has resulted in increased shareholdings among executives[130]. - The management team includes experienced professionals with backgrounds in military service, engineering, and finance, enhancing the company's operational capabilities[133][135][137]. Shareholder Engagement and Remuneration - The company held its 2020 annual general meeting with 38.64% investor participation and the first extraordinary general meeting of 2021 with 41.29% participation, reflecting shareholder engagement[128]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.45 million yuan[142]. - Chairman and General Manager Wei Xiaolin received a pre-tax remuneration of 709,700 yuan[142]. - Director and Executive Vice President Tu Peng received a pre-tax remuneration of 474,500 yuan[142]. - The company’s independent directors received a pre-tax remuneration of 60,000 yuan each[140]. Compliance and Internal Control - The internal control system was implemented in compliance with relevant regulations, ensuring the legality and safety of operations, with no significant internal control deficiencies reported during the period[160]. - There were no significant deficiencies in internal control identified during the reporting period, both in financial and non-financial reporting[164]. - The company has not faced any penalties from securities regulatory authorities for its directors in the past three years[139]. - The company has not reported any violations in the management of raised funds, maintaining compliance with disclosure obligations[102]. Environmental and Social Responsibility - The company has committed to environmental protection and resource conservation, continuously improving processes to reduce emissions[170]. - The company has implemented a strict safety management system and regular training to enhance employee safety awareness[171]. - Employee rights are protected through compliance with labor laws, including social insurance for various risks[169]. - The company emphasizes the protection of shareholder and creditor rights, ensuring reasonable returns and maintaining a stable financial condition[169].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 350,349,608.10, representing a 65.36% increase compared to CNY 211,875,957.53 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached CNY 32,054,931.52, a significant increase of 923.42% from CNY 3,132,146.81 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 31,706,752.26, up 1,259.87% from CNY 2,331,596.31 year-on-year[23]. - The basic earnings per share increased to CNY 0.1935, reflecting an 867.50% rise compared to CNY 0.0200 in the same period last year[23]. - The total revenue for the reporting period reached ¥350,349,608.10, representing a 65.36% increase compared to ¥211,875,957.53 in the previous year, driven by the consolidation of Xin Sanhe and growth in the automotive parts business[46]. - The total profit for the first half of 2021 was CNY 32,670,943.31, compared to CNY 4,063,326.78 in the first half of 2020[171]. - The total comprehensive income for the first half of 2021 was CNY 34,795,068.56, compared to CNY 2,802,434.96 in the first half of 2020[173]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 2,117,756,143.05, a 21.94% increase from CNY 1,736,707,146.53 at the end of the previous year[23]. - The total liabilities of the company were CNY 766,082,129.06, compared to CNY 596,628,211.67 at the end of 2020, indicating an increase of approximately 28.4%[161]. - The company's equity increased to CNY 1,351,673,013.99 from CNY 1,140,078,934.86, showing a growth of about 18.6%[161]. - The total equity attributable to shareholders reached CNY 1,096,499,359.76, compared to CNY 929,447,489.94 at the end of 2020, reflecting an increase of about 16.0%[166]. - The total liabilities at the end of the reporting period are CNY 743,244,033.97, indicating a manageable debt level relative to equity[185]. Cash Flow - The net cash flow from operating activities was negative at CNY -52,512,818.04, a decline of 309.49% compared to CNY 25,067,558.66 in the same period last year[23]. - The company reported a net cash outflow from operating activities of CNY -52,512,818.04, compared to a net inflow of CNY 25,067,558.66 in the first half of 2020[176]. - The net cash flow from financing activities was 241,275,482.04 CNY, a significant increase from 26,541,607.90 CNY in the previous period, indicating strong financing support[177]. - The total cash inflow from financing activities was 342,897,343.98 CNY, significantly higher than 64,341,166.67 CNY in the previous period, demonstrating robust financing efforts[180]. Investments and Acquisitions - The company completed the acquisition of Chengdu Xinsan Machinery and Electronics Technology Development, investing CNY 15,645 million for a 74.5% stake[58]. - The company has invested CNY 43,902,696.72 in various projects during the reporting period, with a total cumulative investment of CNY 414,100,341.53[60]. - The company has made significant investments in the construction of production lines for aviation components, indicating a strategic focus on market expansion[46]. - The company acquired Chengdu Xinsanhe Electromechanical New Technology Development Co., Ltd. with an investment of ¥12,854,299.17, positively impacting overall production and performance[85]. Research and Development - Research and development expenses rose by 34.27% to ¥17,272,311.38, reflecting increased investment in projects such as turbochargers and turbine casings[46]. - The company has developed hundreds of specifications for core products, including camshaft assemblies and turbochargers, with a strong focus on R&D and proprietary technology[39]. - The company is committed to continuous investment in new technologies and product research and development to drive innovation and market application[90]. Market and Industry Context - In the first half of 2021, China's automotive industry saw production and sales of 12.57 million and 12.89 million vehicles, respectively, representing year-on-year growth of 24.20% and 25.60%[33]. - The company's automotive division faced challenges due to a significant increase in raw material prices and chip shortages, impacting sales volume and profitability[33]. - The company recognizes the risk of the automotive industry transformation towards electric vehicles and is focusing on enhancing its core competitiveness in both automotive and aerospace components[91]. Governance and Compliance - The company has not engaged in any derivative investments or entrusted loans during the reporting period, maintaining a conservative financial strategy[81]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[116]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[149]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 10,278, with major shareholders holding significant stakes: Wei Xiaolin at 38.55% and Yu Yinglian at 21.93%[145]. - The company issued 11,399,371 new shares at a price of 12.72 RMB, raising a total of approximately 145 million RMB[143]. - The proportion of limited sale shares decreased from 57.58% to 30.65%, while unrestricted shares increased from 42.42% to 69.35%[136].

Financial Performance - The company's operating revenue for Q1 2021 was ¥147,970,639.97, representing a 148.41% increase compared to ¥59,567,472.65 in the same period last year[8] - Net profit attributable to shareholders was ¥16,480,486.44, a significant recovery from a loss of ¥3,495,566.26 in the previous year[8] - The net cash flow from operating activities was ¥11,590,920.27, improving from a negative cash flow of ¥9,825,716.33 in the same period last year[8] - Basic and diluted earnings per share were both ¥0.1036, compared to a loss of ¥0.0200 per share in the previous year[8] - Total operating revenue for Q1 2021 reached CNY 147,970,639.97, a significant increase from CNY 59,567,472.65 in Q1 2020, representing a growth of approximately 148%[45] - Net profit for Q1 2021 was CNY 16,210,878.47, a turnaround from a net loss of CNY 3,645,696.93 in Q1 2020[46] - The total comprehensive income for Q1 2021 was CNY 16,210,878.47, compared to a loss of CNY 3,645,696.93 in the same quarter last year[47] - The company achieved an operating profit of CNY 14,321,026.75, compared to an operating loss of CNY 4,105,574.63 in Q1 2020, reflecting improved operational efficiency[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,896,496,868.29, an increase of 9.20% from ¥1,736,707,146.53 at the end of the previous year[8] - The company's total assets as of March 31, 2021, amounted to CNY 1,595,152,515.73, up from CNY 1,421,869,628.66 at the end of 2020, reflecting an increase of approximately 12.2%[42] - The company's total liabilities as of March 31, 2021, were CNY 505,188,715.10, compared to CNY 492,422,138.72 at the end of 2020, showing a slight increase of around 2.5%[43] - The total current liabilities decreased slightly to CNY 566,728,309.67 from CNY 575,592,635.57, indicating a reduction of about 1.5%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,598[13] - Major shareholder Wei Xiaolin holds 34.17% of the shares, with 54,672,845 shares, of which 41,004,634 are pledged[13] - Net assets attributable to shareholders increased by 14.29% to ¥1,297,507,332.14 from ¥1,135,311,344.14 at the end of the previous year[8] - The equity attributable to shareholders of the parent company rose to CNY 1,297,507,332.14 as of March 31, 2021, from CNY 1,135,311,344.14 at the end of 2020, an increase of approximately 14.3%[42] Cash Flow and Financing - The company's cash and cash equivalents increased by 122.42% compared to the beginning of the period, primarily due to the issuance of shares to a specific individual, raising a total of approximately ¥144.99 million[19] - The total cash inflow from financing activities was CNY 224,207,771.10, significantly higher than CNY 56,634,409.99 in the same period last year, indicating strong investor confidence[55] - Cash inflow from financing activities reached $210.33 million, significantly up from $32.55 million in the prior period[58] - The net cash flow from financing activities was $149.33 million, a substantial increase from $462,994.48 in the previous period[58] - The company utilized CNY 10,000.00 million of idle raised funds to temporarily supplement working capital, with a repayment period not exceeding 12 months[31] - As of March 31, 2021, the remaining unused raised funds amounted to CNY 6,860.00 million[31] Research and Development - The company is committed to continuous investment in R&D to enhance its innovation capabilities and maintain competitive advantages in the automotive parts sector[25] - Research and development expenses for Q1 2021 were CNY 5,359,802.84, slightly up from CNY 5,209,842.86 in Q1 2020, indicating a focus on innovation[46] - The company plans to shift its strategic R&D focus towards military and aerospace sectors due to market influences on traditional automotive products[30] Market Strategy and Risks - The company is focusing on the development of military and civil aviation components as a key strategic direction, with product deliveries to customers beginning during the reporting period[21] - The company is pursuing a strategy of combining organic growth with mergers and acquisitions to accelerate the development of its military and civil aviation components business[21] - The company faces market risks due to macroeconomic conditions and industry developments, which could significantly impact operations if not effectively managed[22] - The company is addressing the risk of potential shifts in the automotive industry towards electric vehicles by strengthening its product development in military and civil aviation components[26] Investment Projects - The engine belt wheel production line technical transformation project has a committed investment of $16.2 million, with 100% of the investment completed[29] - The engine connecting rod production line technical transformation project has a committed investment of $10.1 million, with 100% of the investment completed[29] - The engine camshaft precision machining expansion project has a committed investment of $9.6 million, with 100.24% of the investment completed[29] - The R&D center construction project has a committed investment of $7.7 million, with only 19.11% of the investment completed[29] - The total committed investment for all projects is $61.38 million, with $42.64 million invested to date[30] - The company terminated the engine connecting rod production line project due to changes in market demand and will use the remaining raised funds for working capital[30] - The company has adjusted the implementation location of the engine belt wheel production line project to improve operational efficiency[30] Compliance and Audit - The company has no reported violations regarding external guarantees during the reporting period[33] - The company has fulfilled its disclosure obligations regarding the use and progress of raised funds, with no reported management violations[31] - The company has not undergone an audit for the first quarter report[62]

成都西菱动力科技股份有限公司 2021 年第三季度报告 成都西菱动力科技股份有限公司 2021 年第三季度报告 （更新后） 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 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营业收入（元） | 172,387,007.81 | 32.51% | 522,736,615.91 | 52.86% | | 归属于上市公司股东的净利润（元） | -1, ...

Financial Performance - The company reported a revenue of CNY 172,387,007.81 for the third quarter, representing a year-on-year increase of 32.51%[2] - The net profit attributable to shareholders was CNY -1,617,325.78, a decline of 130.41% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was CNY -1,966,607.12, down 142.89% year-on-year[2] - Total revenue for the third quarter reached CNY 522.74 million, a 53% increase from CNY 341.97 million in the same period last year[20] - Operating profit for the quarter was CNY 28.16 million, compared to CNY 11.71 million in the previous year, reflecting a significant growth[21] - Net profit for the quarter was CNY 33.24 million, up from CNY 8.03 million year-over-year, indicating a strong performance[21] - Total comprehensive income attributable to the parent company reached CNY 30,543,410.48, compared to CNY 8,451,045.56 in the same period last year, indicating significant growth[22] - Basic earnings per share increased to CNY 0.1822 from CNY 0.0500 year-on-year, reflecting improved profitability[22] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,219,738,693.61, an increase of 27.81% from the end of the previous year[2] - Current assets totaled CNY 775.04 million, a 28% increase from CNY 604.79 million in the previous year[16] - Inventory levels rose to CNY 317.14 million, significantly up from CNY 161.02 million, indicating increased production or stockpiling[16] - Total liabilities increased to CNY 866.16 million, compared to CNY 596.63 million in the previous year, reflecting higher borrowing[18] - The company’s equity attributable to shareholders increased by 16.01% to CNY 1,317,094,923.51 compared to the end of the previous year[2] - The company’s equity attributable to shareholders increased to CNY 1.32 billion, up from CNY 1.14 billion, indicating strong retained earnings and capital growth[18] Cash Flow - Operating cash flow for the year-to-date was CNY -35,569,885.61, a decrease of 291.06% year-on-year[2] - Operating cash inflow from sales of goods and services was CNY 457,518,781.21, up from CNY 372,320,777.75 in the previous year, showing a growth of approximately 22.8%[23] - Net cash flow from operating activities turned negative at CNY -35,569,885.61, compared to a positive CNY 18,617,254.06 in the same period last year[24] - Cash flow from investing activities showed a net outflow of CNY -325,394,848.42, worsening from CNY -130,796,373.13 year-on-year[24] - Cash flow from financing activities generated a net inflow of CNY 399,298,223.34, significantly higher than CNY 49,185,960.02 in the previous year[24] - The ending balance of cash and cash equivalents was CNY 73,589,377.38, slightly down from CNY 73,604,951.07 year-on-year[24] - The company received CNY 143,304,010.12 from investment contributions, a substantial increase from CNY 5,938,895.00 in the previous year[24] Shareholder Information - The total number of common shareholders is 1,343,001, with the top 10 shareholders holding significant stakes[10] - The largest shareholder, Wei, holds 38.55% of shares, amounting to 662,216 shares[10] - The second-largest shareholder, Yu, holds 21.93%, equating to 375,930 shares[10] - The company has a total of 92,130,000 shares locked up by management, with a total of 6,920,033 shares released this period[13] - The total number of shares held by the top 10 shareholders is 92,130,000, representing a significant portion of the company's equity[13] - The company reported a total of 1,677,400 shares held by various investment funds, indicating strong institutional interest[10] Expenses - Sales expenses decreased by 50.41% year-on-year, attributed to the new revenue recognition standards[6] - Management expenses increased by 103.27% due to stock incentive costs and increased management expenses for new business lines[6] - Research and development expenses for the quarter were CNY 17.06 million, compared to CNY 15.07 million in the previous year, highlighting ongoing investment in innovation[21] Future Plans and Developments - The company plans to expand its turbocharger and aerospace components business, leading to increased capital expenditures and working capital needs[7] - The report indicates that there are no new strategies or significant market expansions mentioned for the upcoming period[15] - The company has not disclosed any new product developments or technological advancements in this quarter[15] - There are no mergers or acquisitions reported in the current financial period[15] Compliance and Audit - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[26] - The company did not apply the new leasing standards for the current reporting period, indicating a potential area for future compliance[25]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 350,349,608.10, representing a 65.36% increase compared to CNY 211,875,957.53 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached CNY 32,160,736.26, a significant increase of 926.80% from CNY 3,132,146.81 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 31,829,722.95, up 1,265.15% from CNY 2,331,596.31 year-on-year[23]. - The basic earnings per share increased to CNY 0.19, an 850.00% rise compared to CNY 0.02 in the same period last year[23]. - The company reported a significant increase in total revenue, reaching $3.7 billion, representing a growth of 27% year-over-year[74]. - The company reported a total revenue of 6.15 billion, with a year-on-year increase of 7.1%[75]. - The company reported a net profit of 1,113,831.00 yuan for the current period, indicating a positive performance trend[196]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,118,777,124.26, reflecting a 22.00% increase from CNY 1,736,707,146.53 at the end of the previous year[23]. - The total liabilities increased to RMB 766,997,305.53 as of June 30, 2021, from RMB 596,628,211.67 at the end of 2020, reflecting a rise of approximately 28%[168]. - The company's equity increased to RMB 1,351,779,818.73 as of June 30, 2021, compared to RMB 1,140,078,934.86 at the end of 2020, indicating a growth of approximately 18.6%[168]. - The total equity attributable to shareholders reached CNY 1,096,690,164.50, up from CNY 929,447,489.94 at the end of 2020, reflecting a growth of about 18%[173]. Cash Flow - The company reported a net cash flow from operating activities of CNY -52,512,818.04, a decrease of 309.49% compared to CNY 25,067,558.66 in the same period last year[23]. - The company experienced a net cash flow from operating activities of -39,825,510.17 CNY, worsening from -5,016,058.45 CNY in the same period last year[186]. - The cash inflow from operating activities totaled CNY 271,816,385.87, compared to CNY 264,347,517.20 in the same period last year[183]. - The total cash increase for the period was 31,935,646.01 CNY, contrasting with a decrease of 29,714,800.09 CNY in the previous period[184]. Market and Industry Trends - In the first half of 2021, the automotive industry in China saw a significant year-on-year increase in production and sales, with production reaching 12.569 million units and sales at 12.891 million units, representing growth of 24.20% and 25.60% respectively[33]. - The company’s automotive division faced challenges due to a significant rise in raw material prices and chip shortages, impacting both sales volume and profitability[33]. - The company is expanding its market presence in Asia, targeting a 30% increase in market share by the end of the year[74]. - The company plans to expand its market presence by entering two new provinces by the end of 2021[76]. Research and Development - The company has invested in expanding its production lines for aviation components, including the construction and expansion of production lines for aviation system parts and structural components[35]. - The company plans to enhance research and development in turbocharger technology, with an investment increase of 27.2%[47]. - The company’s research and development team has developed hundreds of specifications for core products, securing a series of proprietary technologies[39]. - Research and development investments have increased by 10%, focusing on innovative technologies and product enhancements[74]. Strategic Acquisitions and Partnerships - The company completed the acquisition of Chengdu Xinsanhe Electromechanical New Technology Development Co., enhancing its position in the military and civil aviation sectors, with a rapid increase in orders for the acquired business[35]. - The company has established strong partnerships with major automotive manufacturers, including Great Wall Motors, GAC Toyota, and BYD, ensuring a stable sales revenue stream[32]. - A strategic partnership was announced with a leading automotive manufacturer to enhance technology sharing and product innovation[76]. Cost Management and Efficiency - Cost control measures include improved design precision, technological advancements, and lean production, leading to a competitive pricing advantage against foreign manufacturers[43]. - The gross profit margin improved to 40%, up from 35% in the previous year, indicating better cost management[74]. - Operating expenses rose to 1.3 billion, with a year-over-year increase of 26.4%[47]. - The company reported a significant improvement in production efficiency, achieving a 15% reduction in manufacturing costs[76]. Future Outlook - The company has provided a positive outlook for the next quarter, projecting a revenue growth of 15% to 20%[74]. - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[75]. - The company plans to continue expanding its production capacity in automotive parts, with significant investments in new production lines[62]. - The company aims to achieve carbon neutrality by 2025, aligning with global sustainability trends[198]. Governance and Compliance - The semi-annual financial report was not audited[164]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[104]. - The company emphasizes safety management and product quality control to ensure compliance with production standards[111].