Financial Performance - The company's operating revenue for 2022 was CNY 1,107,236,531.50, representing a 47.64% increase compared to CNY 749,943,811.41 in 2021[16] - The net profit attributable to shareholders for 2022 was CNY 36,991,609.86, an increase of 84.58% from CNY 20,040,477.05 in 2021[16] - The net profit after deducting non-recurring gains and losses was CNY 34,319,333.05, up 116.38% from CNY 15,860,388.50 in the previous year[16] - The basic earnings per share for 2022 was CNY 0.2149, an increase of 80.74% compared to CNY 0.1189 in 2021[16] - The total assets at the end of 2022 were CNY 3,069,653,256.97, a 27.24% increase from CNY 2,412,407,582.07 at the end of 2021[16] - The net assets attributable to shareholders at the end of 2022 were CNY 1,695,858,159.93, reflecting a 28.77% increase from CNY 1,317,002,173.83 in 2021[16] - The net cash flow from operating activities for 2022 was CNY 37,527,566.10, a slight increase of 3.75% from CNY 36,170,543.90 in 2021[16] - The weighted average return on net assets for 2022 was 2.77%, up from 1.60% in 2021[16] Dividend and Capital Distribution - The company plans to distribute a cash dividend of CNY 1 per 10 shares, totaling CNY 190,174,615, and will also increase capital reserves by 6 shares for every 10 shares held[4] - The company proposed a cash dividend of 1 yuan per 10 shares, totaling 19,017,461.50 yuan for the year 2022[163] - The company will increase its share capital by 6 shares for every 10 shares held, resulting in a total increase of 114,104,769 shares, raising the total share capital to 304,279,384 shares[163] Market and Industry Trends - The automotive industry in China saw a production and sales growth of 3.40% and 2.10% respectively in 2022, with new energy vehicles experiencing a remarkable growth of 96.90% in production[26] - The market penetration rate of turbochargers is expected to rise from approximately 51% in 2019 to about 55% by 2025, indicating a growing demand for fuel-efficient technologies[29] - The Chinese automotive market is projected to continue expanding due to rising consumer income and demand for electric vehicles, with a significant increase in the sales of plug-in hybrid vehicles[26] - The government has implemented several policies to support the automotive industry, including tax reductions for certain vehicles and measures to stimulate consumption[30] Production and Capacity - The production capacity of camshaft assemblies increased from 367.80 thousand units in 2021 to 422.40 thousand units in 2022, while the capacity utilization rate decreased from 67.66% to 56.88%[48] - The production of connecting rod assemblies rose by 17.48% year-on-year, reaching 650.10 thousand units, with a sales increase of 12.16% to 634.54 thousand units[49] - The sales volume of turbochargers was 32.17 thousand units in 2022, marking a significant increase as the product began mass production and delivery[49] - The company’s production capacity for turbochargers increased from 20.00 thousand units in 2021 to 80.00 thousand units in 2022, with a capacity utilization rate of 41.25%[48] - Turbocharger sales volume reached 32.17 million units in 2022, with production capacity planned to increase from 800,000 units to 1,600,000 units in the future[77] Research and Development - R&D expenditures totaled ¥4,407.27 million, representing 3.98% of total revenue and an increase of 22.99% year-on-year[68] - The company is currently in the research phase for multiple R&D projects aimed at improving precision machining for aerospace components, which is expected to expand the product market[81] - The company is working on a project to enhance the performance of turbochargers, which is expected to improve processing efficiency significantly[82] - The company has developed hundreds of specifications for camshaft assemblies, connecting rods, crankshaft dampers, and turbochargers, establishing a strong technological foundation with proprietary core technologies[58] Risk Factors - The company faces potential risks including market fluctuations, changes in tax policies, and challenges in technological innovation and product development[4] - The company is exposed to raw material price fluctuations, which significantly impact production costs[109] - The company faces market risks due to reliance on concentrated customers in the aviation parts sector, particularly Chengdu Aircraft Industry Group[107] Governance and Compliance - The board of directors consists of seven members, including three independent directors, complying with relevant regulations[119] - The supervisory board has three members, including one employee representative, ensuring compliance with legal requirements[120] - The company has established a fair and transparent performance evaluation system for senior personnel, with the remuneration committee responsible for salary management[121] - The company strictly adheres to information disclosure obligations, ensuring timely and accurate information for all shareholders[122] - The company has not engaged in any securities or derivative investments during the reporting period[93][94] Employee and Management Structure - The total number of employees at the end of the reporting period was 2,673, with 1,475 in the parent company and 1,198 in major subsidiaries[155] - The professional composition includes 1,873 production personnel, 39 sales personnel, 289 technical personnel, 40 financial personnel, and 432 administrative personnel[155] - The company has established an annual training plan to enhance employees' business knowledge and skills, focusing on various aspects including safety management and corporate culture[158] Related Party Transactions - The total amount of related party transactions for the period is 551.49 million yuan, which does not exceed the approved transaction amount of 5,251.41 million yuan[200] - The company engaged in service transactions with Chengdu Bochuang, with a transaction amount of 56.26 million yuan[200] - The company sold products to Chengdu Bochuang for a total of 346.36 million yuan[200] - The rental income from leasing properties to Chengdu Bochuang amounted to 148.87 million yuan[200] Environmental and Social Responsibility - The company has implemented measures to reduce pollutant emissions and improve resource utilization efficiency, aligning with national environmental protection regulations[180] - The company has a strict safety management system and conducts regular training to enhance employees' safety awareness[181]

Financial Performance - The company's revenue for Q1 2023 was CNY 307,229,460.57, representing a 36.61% increase compared to CNY 224,896,271.76 in the same period last year[4] - Net profit attributable to shareholders decreased by 62.21% to CNY 10,209,742.77 from CNY 27,013,773.34 year-on-year[4] - The total operating revenue for Q1 2023 was CNY 307,229,460.57, an increase of 36.5% compared to CNY 224,896,271.76 in the same period last year[18] - The net profit for Q1 2023 was CNY 11,485,268.34, a decrease of 61.8% compared to CNY 30,066,180.21 in Q1 2022[18] - The total comprehensive income for the first quarter was CNY 11,485,268.34, compared to CNY 30,066,180.21 in the previous year, representing a decrease of approximately 61.8%[19] Cash Flow - The net cash flow from operating activities showed a significant decline of 596.78%, resulting in a negative cash flow of CNY -131,119,885.67[4] - Cash inflow from operating activities totaled CNY 194,439,860.44, down from CNY 210,255,581.36 year-over-year, indicating a decrease of about 7.8%[21] - Cash outflow from operating activities increased to CNY 325,559,746.11, compared to CNY 229,073,504.23 in the previous year, marking an increase of approximately 42.2%[22] - The net cash flow from investing activities was CNY -90,249,291.87, worsening from CNY -25,497,480.90 year-over-year[22] - Cash inflow from investing activities was CNY 123,484,269.91, significantly higher than CNY 13,800,000 in the previous year[22] - Cash outflow from investing activities rose to CNY 213,733,561.78, compared to CNY 39,297,480.90 in the same period last year, reflecting an increase of about 444.5%[22] - The net cash flow from financing activities was CNY 5,613,368.08, improving from CNY -4,905,004.42 in the previous year[22] - The ending cash and cash equivalents balance was CNY 189,376,249.36, compared to CNY 63,644,917.15 at the end of the previous year, indicating a significant increase[22] Expenses and Costs - The company reported a 60.69% increase in operating costs, which outpaced revenue growth due to decreased production capacity utilization[7] - The total operating costs for Q1 2023 were CNY 292,463,815.15, up 53.0% from CNY 191,150,709.85 in Q1 2022[18] - Research and development expenses increased by 44.52%, driven by projects related to lightweight subframes and hydrogen fuel cell systems[7] - The company reported R&D expenses of CNY 14,585,101.61, which is a 44.5% increase compared to CNY 10,091,920.12 in the previous year[18] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,125,209,493.90, a 1.81% increase from CNY 3,069,653,256.97 at the end of the previous year[4] - The total liabilities increased to CNY 1,361,923,826.26 from CNY 1,327,666,295.12, an increase of 2.6%[17] - The company's equity attributable to shareholders increased to CNY 1,715,320,503.77 from CNY 1,695,858,159.93, reflecting a growth of 1.1%[17] Share Lock-up and Management - The company reported a total of 11,399,371 shares under lock-up at the beginning of the period, which remained unchanged by the end of the period[12] - A total of 1,585,677 shares were added to the lock-up category during the period, with a release date set for July 18, 2023[12] - The company has a significant number of shares (2,148,347) under lock-up scheduled for release on July 18, 2023[14] - The total number of shares under lock-up for various funds and plans amounts to 511,508 shares, with multiple entities involved[14] - The company has multiple high-level executives with shares under lock-up, including Wei Xiaolin with 38,154,791 shares[12] - The report indicates that 72,000 shares were added to Yang Hao's lock-up, bringing the total to 155,986 shares[12] - The company has a diverse range of institutional investors, including UBS AG, which holds 1,585,677 shares under lock-up[12] - The lock-up shares are primarily categorized as "initial public offering lock-up shares," indicating a strategic approach to share management post-IPO[12] - The company is set to release a significant number of shares on July 18, 2023, which may impact market dynamics[14] - The overall strategy appears to focus on maintaining share stability while preparing for future market expansions and potential new product launches[12] Accounts Receivable and Inventory - The company experienced a 32.91% increase in accounts receivable, attributed to increased sales through acceptance bills[7] - Accounts receivable increased to CNY 446,093,520.76 from CNY 415,447,509.15, reflecting a growth of 7.4%[16] - Inventory rose to CNY 446,442,928.88, up 13.8% from CNY 392,505,862.34 at the beginning of the year[16] Earnings Per Share - The company's basic earnings per share fell by 65.71% to CNY 0.0538 from CNY 0.1569 in the previous year[4] - Basic earnings per share for the first quarter were CNY 0.0538, down from CNY 0.1569 in the same period last year, representing a decrease of approximately 65.7%[19] Return on Equity - The weighted average return on equity decreased to 0.60% from 2.03% year-on-year[4]

成都西菱动力科技股份有限公司 证券简称：西菱动力 证券代码：300733 投资者关系活动记录表 | --- | --- | --- | --- | --- | |--------------------------------------------------|----------------------------------|--------------------------------------------------|-------------------------|------------------------------------------------------------------------------------| | 时间、地点 | 2020 年 9 月 24 日、 | 2020 年 9 月 25 日、 | 2020 年 9 月 28 | 日，公司会议室 | | 参与单位及人员 | | 投资吴洋 大成基金黄海听 广发证券资管王俊爽 | | 中信证券刘方舟、李景涛、陈卓 南方基金邹承原 嘉实基金张家驰 青骊 | | 公司接待人员 | | 董事会秘书杨浩 证券事务代表何心竹 ...

Group 1: Automotive Parts Business Development - The automotive industry is currently in a recovery phase, and the company plans to seize favorable opportunities to expand the market in 2021 [1] - Key growth points for the automotive business in 2021 include: - Mass production phase for customers Guangqi Toyota and FAW Toyota [1] - Mass production of turbocharger products [1] - Construction of two casting production lines funded by raised and self-raised capital, with one already in production and the other in testing [1] Group 2: Military and Aerospace Business Development - The company has established workshops for military and aerospace products, covering various military branches including air force and rocket forces [2] - Advantages of entering the military and aerospace sector include: - Integrated advantages in casting, forging, heat treatment, and machining [2] - Favorable geographical location for attracting military professionals and customer development [2] - Over 20 years of experience in precision processing and production management, with rich experience in quality and cost control [2] - Strong cash flow from the automotive division providing sufficient funding for the military products division [2] Group 3: Market Expansion and Orders - The company has officially become a qualified supplier for a major aircraft manufacturing company, which is a key supplier of military weaponry in China [2] - The company has also become a qualified supplier for clients including a civil aircraft company and a physics research institute, covering both military and civil aviation markets [2] - Due to the rapid growth in the military industry, the company is accelerating the construction of production facilities to meet customer demand, although military product revenue impact in 2020 was minimal [2] - There is uncertainty regarding the military division's revenue in 2021, and investors are advised to be aware of investment risks [2]

成都西菱动力科技股份有限公司 投资者关系活动记录表 证券简称：西菱动力 证券代码：300733 | --- | --- | --- | --- | |-------------------------|--------------------------------------------|------------------------------------------------------------------------------|-------------------------| | 时间 | 2022 年 2 月 15 日 | -2022 年 2 月 25 日 | | | 地点 | 成都市青羊区腾飞大道 | 298 号 | | | 参与单位名称及人员 姓名 | 申万宏源证券研究所 | 韩强、光大证券 | 贺根、东方证券 赵梓涵 | | 上市公司接待人员 | 董事会秘书杨浩 | 证券事务代表何心竹 | | | | 特定对象调研 | □分析师会议 | 媒体采访 | | 投资关系活动类别 | □业绩说明会 | 新闻发布会 | □路演活动 | | | 现场参观 其他 | ：电话线上交流 | | | ...

Group 1: Impact of Policies and Market Conditions - The electricity restriction policy in Sichuan had a short-term adverse effect on production but did not constitute a significant negative impact [4] - The military industry experienced minimal impact due to government support policies during the electricity restrictions [5] - The automotive parts sector managed production through self-owned and leased power generation, ensuring key customer demands were met [5] Group 2: Sales and Product Development - The overall sales of turbocharger products were low in the first half of the year due to the ramp-up phase of production and gradual increase in downstream installation volumes [6] - A significant portion of the turbocharger components is self-manufactured, with a higher current application in traditional fuel vehicles compared to new energy vehicles [6] - The company is focusing on expanding into the hybrid vehicle market, expecting a substantial increase in hybrid vehicle application in the future [6] Group 3: Aerospace and Defense Business - The main clients for the aerospace and defense sector include military units under AVIC, civil aircraft manufacturers, and the Rocket Force [7] - There is a noticeable growth trend in orders for military, civil aviation, and Rocket Force businesses due to the recovery of the civil aviation industry post-COVID-19 [7] Group 4: New Technologies and Profit Margins - The new casting technology is applicable for high-performance materials and complex castings, with plans for its application in the aerospace sector [8] - The increase in gross margin is attributed to an optimized customer structure in traditional automotive parts, significant business volume growth, and the introduction of a new production line for aviation parts in 2021 [8]

Financial Performance - The company's revenue for Q3 2022 reached ¥268,429,716.39, representing a year-on-year increase of 55.71%[4] - Net profit attributable to shareholders was ¥5,576,994.96, a significant increase of 400.42% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥5,018,468.90, up 314.48% year-on-year[4] - Total operating revenue for the third quarter of 2022 reached CNY 734,253,479.30, an increase of 40.4% compared to CNY 522,736,615.91 in the same period last year[23] - Net profit for the third quarter was CNY 46,970,029.28, representing a 42.6% increase from CNY 32,896,677.91 in the previous year[23] - The total comprehensive income for Q3 2022 was ¥46,970,029.28, compared to ¥32,896,677.91 in Q3 2021, indicating a year-over-year increase of about 42.6%[24] - The basic earnings per share for Q3 2022 was ¥0.2390, up from ¥0.1802 in the same period last year, reflecting a growth of approximately 32.6%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,607,475,376.45, reflecting an 8.09% increase from the end of the previous year[4] - The company's total assets as of September 30, 2022, amounted to CNY 2,607,475,376.45, an increase from CNY 2,412,407,582.07 at the beginning of the year[22] - Total liabilities increased to CNY 1,186,623,602.16 from CNY 1,059,843,731.86 at the start of the year[21] - The company's equity attributable to shareholders increased to CNY 1,365,271,493.11 from CNY 1,317,002,173.83[22] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥61,210,189.57, a substantial increase of 272.08%[4] - Cash inflows from operating activities for the period amounted to ¥762,882,866.16, compared to ¥477,307,140.00 in the previous year, marking an increase of about 59.7%[25] - The net cash flow from operating activities was ¥61,210,189.57, a significant recovery from a net outflow of ¥35,569,885.61 in the same period last year[26] - Cash outflows from investing activities totaled ¥128,473,312.38, down from ¥356,047,953.21 in the previous year, indicating a reduction of approximately 64.0%[26] - The net cash flow from financing activities was -¥16,113,544.86, a decrease from a positive cash flow of ¥399,298,223.34 in the same period last year[26] - The ending cash and cash equivalents balance was ¥42,203,951.77, down from ¥73,589,377.38 at the end of the previous year[26] Sales and Production - The company sold a total of 143,200 turbochargers from January to September 2022, with 91,300 units sold in the third quarter alone[10] - The company reported a 51.57% increase in cash received from sales of goods and services, driven by growth in turbocharger and traditional product sales[12] - Accounts receivable rose to CNY 354,151,009.66, up from CNY 224,530,327.63 at the start of the year, indicating improved sales performance[20] - Inventory levels increased to CNY 386,830,662.78 from CNY 310,912,250.07, reflecting higher production or stockpiling[20] Research and Development - Research and development expenses increased by 94.64% year-on-year, indicating a significant investment in product development to meet market demand[11] - Research and development expenses for the quarter were CNY 33,213,372.61, significantly higher than CNY 17,063,909.16 in the previous year, indicating a focus on innovation[23]

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]