Financial Performance - Revenue for Q3 2022 reached ¥223,197,582.23, an increase of 48.26% compared to the same period last year[5] - Net profit attributable to shareholders was ¥27,428,094.14, up 17.95% year-on-year[5] - The basic earnings per share for Q3 2022 was ¥0.17, reflecting a growth of 21.43% compared to the previous year[5] - The company's operating revenue for Q3 2022 reached ¥575,806,723.03, an increase of 42.90% compared to ¥402,943,304.96 in the same period last year, primarily due to an increase in sales orders[10] - Net profit for the current period was ¥78,318,839.40, representing a 43.9% increase from ¥54,385,431.30 in the same period last year[23] - The company reported a total profit of ¥88,954,896.35, an increase of 46.1% from ¥60,876,489.92 in the previous period[23] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥940,501,180.83, representing a 13.92% increase from the end of the previous year[5] - Current assets amounted to CNY 608,837,331.40, up from CNY 500,111,579.64, indicating a growth of about 21.7%[19] - Total liabilities increased to CNY 126,646,041.53 from CNY 49,789,328.16, reflecting a substantial rise of approximately 154.5%[20] - Short-term borrowings were reported at CNY 60,000,000.00, with current liabilities totaling CNY 118,330,880.60, a significant increase from CNY 42,934,708.24[20] Cash Flow - The company reported a net cash flow from operating activities of ¥2,196,995.31, which is a significant increase of 111.20% year-to-date[5] - The net cash flow from operating activities improved to ¥2,196,995.31, a turnaround of 111.20% from a negative cash flow of -¥19,619,950.91 in the previous period, driven by increased sales collections[10] - Cash flow from operating activities generated a net amount of ¥2,196,995.31, a recovery from a negative cash flow of ¥19,619,950.91 in the prior period[24] - The net cash flow from investing activities was -¥11,412,205.86, a decline of 131.29% from ¥36,468,565.07, primarily due to higher purchases of financial products compared to redemptions[10] - Investment activities resulted in a net cash outflow of ¥11,412,205.86, contrasting with a net inflow of ¥36,468,565.07 in the prior period[24] Equity and Shareholder Information - The total equity attributable to shareholders increased by 4.90% to ¥813,855,139.30 compared to the end of the previous year[5] - The company's capital stock increased by 50.44% to ¥165,900,000.00 due to the conversion of capital reserves into share capital[9] - The company's equity attributable to shareholders reached CNY 813,855,139.30, up from CNY 775,809,789.90, indicating a growth of about 4.9%[20] - The company’s retained earnings increased to CNY 313,085,074.22 from CNY 278,878,234.82, showing a growth of about 12.3%[20] Expenses and Costs - Operating costs rose to ¥446,865,708.09, reflecting a 47.69% increase from ¥302,574,259.38, attributed to the growth in operating revenue[10] - Total operating costs amounted to ¥487,748,490.96, up 41.8% from ¥344,280,900.62 in the prior period[22] - The company reported a 63.86% increase in income tax expenses, totaling ¥10,636,056.95, up from ¥6,491,058.62, due to higher total profits[10] - Research and development expenses were ¥21,343,854.68, up from ¥19,899,745.27, indicating a focus on innovation[22] Other Income and Gains - Other income rose by 103.17% to ¥1,657,049.21, compared to ¥815,607.53, mainly from government subsidies received during the reporting period[10] - The company experienced a 226.07% increase in non-operating income, reaching ¥922,563.40, up from ¥282,931.98, primarily due to high-tech subsidies received by its subsidiary[10] - Financial expenses showed a significant decrease, reporting a gain of ¥3,927,950.14 compared to an expense of ¥727,795.05, a change of -639.71%, mainly due to foreign exchange gains from USD fluctuations[10] Accounts Receivable and Inventory - Accounts receivable increased by 49.90% to ¥178,731,263.45 due to higher revenue during the reporting period[9] - Inventory levels increased to CNY 207,552,023.61 from CNY 175,970,349.78, showing a growth of about 18.0%[19] - The company’s credit impairment losses increased by 76.76% to -¥4,092,648.22, compared to -¥2,315,315.58, attributed to the growth in accounts receivable due to increased sales revenue[10]

证券代码：300828 证券简称：锐新科技 公告编号：2022-047 天津锐新昌科技股份有限公司 关于参加"2022 年度天津辖区上市公司半年报业绩 说明会与投资者网上集体接待日"活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 天津锐新昌科技股份有限公司（以下简称"公司"）于 2022 年 8 月 26 日发布了《天津 锐新昌科技股份有限公司 2022 年半年度报告》。为便于广大投资者更深入全面地了解公司情 况，公司定于 2022 年 9 月 6 日（周二）下午 13：40-16：40 参加由天津证监局主办、天津上 市公司协会与深圳市全景网络有限公司协办的"2022 年度天津辖区上市公司半年报业绩说明 会与投资者网上集体接待日"活动，现将有关事项公告如下： 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"（http://rs.p5w.net） 参与本次互动交流。网上互动交流时间为 2022 年 9 月 6 日（星期二）下午 15:00-16:30。 出席本次网上集体接待日活动的人员有：公司董事长兼总经理国占昌先生，公司董事、 财务总 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 352,609,140.80, representing a 39.70% increase compared to CNY 252,399,647.61 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 50,890,745.26, a 63.47% increase from CNY 31,131,666.92 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 48,454,108.20, up 70.49% from CNY 28,420,582.28 in the previous year[20]. - The basic earnings per share increased to CNY 0.31, a rise of 63.16% compared to CNY 0.19 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 865,546,233.24, reflecting a 4.84% increase from CNY 825,599,118.06 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were CNY 783,664,048.91, a slight increase of 1.01% from CNY 775,809,789.90 at the end of the previous year[20]. - The company reported a total non-operating income of 2,436,637.06, which includes government subsidies of 874,678.40 and other non-recurring gains[24]. - The company achieved a revenue of CNY 352.61 million in the first half of 2022, representing a 39.70% increase compared to the same period last year[50]. - The net profit attributable to shareholders reached CNY 50.89 million, marking a 63.47% year-on-year growth[50]. - The company's total assets increased by 4.84% to CNY 865.55 million, while the net assets attributable to shareholders rose by 1.01% to CNY 783.66 million[50]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY -14,661,386.90, a significant decrease of 284.12% compared to CNY 7,962,790.45 in the same period last year[20]. - Cash and cash equivalents decreased by 48.24% to CNY 10.90 million, primarily due to increased procurement of raw materials[53]. - Cash and cash equivalents increased to ¥46,190,598.10, representing 5.34% of total assets, up from 4.27% last year, a change of 1.07%[58]. - Accounts receivable rose to ¥151,383,143.35, accounting for 17.49% of total assets, an increase of 3.05% due to revenue growth and increased collection during the reporting period[58]. - Inventory increased to ¥222,994,969.85, making up 25.76% of total assets, up 4.45% as a result of revenue growth[58]. - Short-term borrowings amounted to ¥20,400,000.00, representing 2.36% of total assets, primarily due to the acquisition of bank working capital loans during the reporting period[58]. - The company reported a total cash inflow from operating activities of 255,834,268.94 CNY, compared to 204,421,000.75 CNY in the first half of 2021[158]. - The cash flow from sales of goods and services increased to 234,753,082.18 CNY, up from 195,362,508.82 CNY in the previous year[158]. Market and Industry Insights - The company operates in the industrial precision aluminum alloy parts sector, focusing on power electronics heat sinks, automotive lightweight components, and precision parts for industrial automation and medical devices[28]. - The inverter market is projected to grow from 825 billion in 2020 to 2,153 billion by 2025, with a compound annual growth rate (CAGR) of 21%[28]. - The demand for aluminum in the automotive sector is expected to reach 18.85 million tons by 2025, with a CAGR of 8.8% from 2020 to 2025, and a staggering 49% growth for aluminum used in new energy vehicles[29]. - The company is positioned to benefit from the growth opportunities in clean energy sectors, including wind, solar, and energy storage, aligning with national policies on carbon neutrality[28]. - The new energy vehicle market is expected to see sales of new energy vehicles reach 20% of total vehicle sales by 2025, with a 120% year-on-year increase in production and sales in the first half of 2022[45]. Strategic Initiatives - The company emphasizes a customized production model, focusing on collaborative development based on customer design requirements[40]. - The company’s sales model is direct sales, targeting end customers, with pricing based on a combination of benchmark aluminum prices and processing fees[40]. - The company has established strategic partnerships with core clients, increasing market share and actively expanding into new product areas within existing client groups[41]. - The company focuses on high-end industrial clients, providing customized precision aluminum alloy components, and has a comprehensive production management system to enhance efficiency and cost advantages[42]. - The company is committed to continuous technological innovation and collaboration with core clients to drive industry upgrades towards automation and integration[44]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares for the current period[5]. - The company emphasizes the protection of shareholder rights and has implemented a cash dividend policy to ensure returns on investments[84]. - The company maintains a robust corporate governance structure, ensuring accurate and timely information disclosure to protect shareholder rights[86]. - The total number of common shareholders at the end of the reporting period is 13,386[124]. - The largest shareholder, Guo Zhan Chang, holds 33.12% of shares, totaling 54,939,000 shares, with an increase of 18,313,000 shares during the reporting period[124]. Environmental and Social Responsibility - The company actively promotes energy conservation and environmental protection measures in its operations[85]. - The company emphasizes environmental protection as a key component of its sustainable development strategy, implementing measures to reduce emissions and achieve zero discharge[86]. - The company has not faced any significant environmental pollution incidents during the reporting period[85]. Research and Development - The company invested CNY 13.38 million in R&D, reflecting a 2.03% increase from the previous year[53]. - Research and development expenses decreased to ¥8,056,768.03 from ¥9,446,974.65, showing a reduction of about 14.7%[151]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the market[163]. Financial Reporting and Compliance - The financial report was approved by the board of directors on August 25, 2022, ensuring compliance with regulatory requirements[173]. - The company's accounting policies are aligned with the enterprise accounting standards, ensuring accurate financial representation[178]. - The company includes all controlled subsidiaries and structured entities in the consolidated financial statements[184].

Financial Performance - The company's revenue for Q1 2022 was CNY 163,546,575.95, representing a 54.32% increase compared to CNY 105,980,792.51 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was CNY 21,848,098.92, up 61.04% from CNY 13,566,858.96 year-over-year[3] - The basic earnings per share increased by 66.67% to CNY 0.20 from CNY 0.12 in the previous year[3] - The total operating revenue for Q1 2022 was CNY 163,546,575.95, representing an increase of 54.4% compared to CNY 105,980,792.51 in the same period last year[17] - The net profit for Q1 2022 reached CNY 21,848,098.92, a significant increase of 61.3% from CNY 13,566,858.96 in Q1 2021[18] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.20, compared to CNY 0.12 in the previous year, reflecting a 66.7% increase[19] Assets and Liabilities - The company's total assets as of March 31, 2022, were CNY 843,757,813.64, a 2.20% increase from CNY 825,599,118.06 at the end of the previous year[3] - Total current assets amount to 518,650,889.41 RMB, an increase from 500,111,579.64 RMB at the beginning of the year[15] - Total assets reached 843,757,813.64 RMB, compared to 825,599,118.06 RMB at the start of the year[15] - The total liabilities decreased to CNY 46,099,924.82 in Q1 2022 from CNY 49,789,328.16 in the previous year, indicating a reduction of 5.4%[16] - The total equity attributable to shareholders increased to CNY 797,657,888.82 in Q1 2022 from CNY 775,809,789.90 in Q1 2021, marking a growth of 2.8%[16] Cash Flow - Cash flow from operating activities decreased by 44.75% to CNY 7,815,940.65 from CNY 14,147,155.05 in the same period last year[3] - The cash inflow from operating activities for Q1 2022 was CNY 161,387,017.24, compared to CNY 114,413,517.24 in Q1 2021, an increase of 40.9%[20] - The cash flow from operating activities for Q1 2022 was CNY 7,815,940.65, compared to CNY 14,147,155.05 in Q1 2021[20] - Total cash and cash equivalents at the end of the period were 30,565,502.24 CNY, down from 47,787,366.80 CNY year-over-year[21] - The beginning balance of cash and cash equivalents was 35,292,950.58 CNY, compared to 38,213,886.52 CNY in the previous year[21] Investments and Income - Investment income surged by 313.60% to CNY 680,599.84, attributed to increased bank wealth management purchases[8] - The cash received from investment income was 680,599.84 CNY, up from 230,955.88 CNY year-over-year[21] - The net cash flow from investment activities was -12,487,687.88 CNY, compared to -4,792,664.43 CNY in the previous year, indicating a decline in investment performance[21] - Cash inflow from investment activities totaled 169,511,106.89 CNY, while cash outflow was 181,998,794.77 CNY, resulting in a negative cash flow from investments[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,659[10] - The largest shareholder, Guo Zhan Chang, holds 33.21% of shares, totaling 36,626,000 shares[11] Expenses - The total operating costs for Q1 2022 were CNY 138,240,117.32, up 52.4% from CNY 90,696,028.73 in Q1 2021[17] - Research and development expenses for Q1 2022 were CNY 5,847,844.58, slightly down from CNY 6,362,466.02 in the same period last year[17] - The company’s income tax expense increased by 47.48% to CNY 3,912,198.69, driven by higher total profits[8] - The company’s tax expenses for Q1 2022 were CNY 3,912,198.69, up from CNY 2,652,635.16 in Q1 2021, reflecting a rise of 47.5%[18] Other Information - The company received government subsidies amounting to CNY 320,149.57, a 37.39% increase compared to the previous year[8] - The company has no preferred shareholders or significant changes in restricted shares[13] - The company did not conduct an audit for the first quarter report[22]

Financial Performance - The company's operating revenue for 2021 was approximately ¥574.50 million, representing a 55.91% increase compared to ¥368.48 million in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately ¥75.70 million, a 15.14% increase from ¥65.75 million in 2020[17]. - The net profit after deducting non-recurring gains and losses was approximately ¥71.01 million, reflecting a 19.80% increase from ¥59.27 million in 2020[17]. - The basic earnings per share for 2021 was ¥0.69, up 6.15% from ¥0.65 in 2020[17]. - The total assets at the end of 2021 amounted to approximately ¥825.60 million, a 5.46% increase from ¥782.87 million at the end of 2020[17]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥775.81 million, a 5.81% increase from ¥733.19 million at the end of 2020[17]. - The net cash flow from operating activities for 2021 was approximately ¥6.97 million, a significant decrease of 89.98% compared to ¥69.53 million in 2020[17]. - The weighted average return on equity for 2021 was 10.07%, down from 10.74% in 2020[17]. - The gross profit margin decreased to 24.74%, down by 8.94% compared to the previous year[63]. - The company’s revenue from power electronic radiators was CNY 276.44 million, a 37.95% increase year-on-year[61]. - Revenue from automotive lightweight components grew by 75.26%, amounting to CNY 131.19 million[61]. - The company’s export revenue increased by 49.41% in 2021[56]. - The company’s sales in the domestic market reached CNY 457.15 million, a year-on-year increase of 57.67%[63]. Research and Development - R&D investment for 2021 was CNY 27.48 million, a 50.3% increase from the previous year[59]. - The company holds a total of 57 patents, including 11 invention patents, with most patents applied in production[59]. - The number of R&D personnel increased to 98 in 2021, up 10.11% from 89 in 2020, with R&D staff now constituting 17.69% of the total workforce[74]. - The company is focusing on developing new energy-efficient cooling technologies, which are expected to enhance production efficiency and product quality[72]. - The company has a strong focus on R&D for new products, including lightweight components for new energy vehicles, which are expected to see a significant increase in demand[34]. Market and Industry Outlook - The company operates in the industrial precision aluminum alloy parts sector, with significant growth opportunities in clean energy and automotive lightweighting due to national policies on carbon neutrality[26]. - The inverter market is projected to reach 883 billion by 2025, driven by growth in energy-saving variable frequency drives[26]. - The market for inverters related to wind power, photovoltaics, and new energy vehicles is expected to grow from 825 billion in 2020 to 2,153 billion by 2025, with a compound annual growth rate of 21%[27]. - The global demand for aluminum in the automotive sector is expected to reach 18.85 million tons by 2025, with a compound annual growth rate of 8.8% from 2020 to 2025[27]. - The demand for aluminum alloy components is expected to grow due to the automotive lightweight trend, with significant applications in electric vehicles and traditional cars[47]. Production and Operations - The company adopts a "make-to-order" production model, ensuring flexibility and responsiveness to customer needs[44]. - The company has a comprehensive production management system and advanced automated production equipment, enhancing efficiency and cost advantages[45]. - The company plans to develop a production capacity of 8 million electric power electronic heat sinks annually to strengthen its market position[99]. - The production capacity for water-cooled bases for new energy vehicles is expected to reach 1 million units per year[100]. - The company aims to produce 500,000 automotive bumpers annually, focusing on high-strength and high-toughness materials[100]. - The annual production capacity for copper heat sink components for power management systems in new energy vehicles is projected to be 600,000 units[100]. Governance and Compliance - The company maintains a robust governance structure, ensuring compliance with relevant laws and regulations, and operates independently from its controlling shareholder[107]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal regulations[109]. - The company has implemented a self-evaluation of internal controls for the reporting period[128]. - The company has strengthened internal control systems and enhanced internal audit supervision to improve the depth and breadth of internal auditing[146]. - The company has not faced any penalties from securities regulatory authorities for directors, supervisors, and senior management in the past three years[123]. Shareholder and Investor Relations - The company plans to distribute a cash dividend of ¥4.00 per 10 shares, with a capital reserve increase of 5 shares for every 10 shares held[4]. - The total distributable profit for the reporting period was 262,954,794.46 CNY, with cash dividends accounting for 100% of the profit distribution[144]. - The company has actively engaged with investors through various communication channels to ensure transparency and protect shareholder rights[154]. - The company has committed to fulfilling all promises made during the acquisition and restructuring processes, ensuring compliance with relevant laws and regulations[159]. Environmental and Social Responsibility - The company emphasizes environmental protection as a key component of its sustainable development strategy, implementing measures to reduce emissions and achieve zero discharge of wastewater[156]. - The company has made significant investments in environmental technology research to advance its eco-friendly initiatives[156]. - The company has no instances of major shareholders or related parties occupying company funds during the reporting period[154]. - The company has not experienced any major environmental pollution incidents in 2020, reflecting its commitment to environmental management[158]. Risks and Challenges - The company faces risks related to customer concentration, as major clients include Schneider, ABB, GE, Siemens, and Delta, which could impact revenue if their operational conditions change adversely[102]. - The company is exposed to aluminum price fluctuations, which significantly affect its cost structure, and has mechanisms in place to adjust pricing with suppliers and customers to mitigate this risk[103]. - The company is actively monitoring the impact of the COVID-19 pandemic on its operations and is implementing measures to ensure orderly production[104].

Financial Performance - The company's revenue for Q3 2021 reached ¥150,543,657.35, representing a 49.94% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥23,253,764.38, up 30.32% year-on-year[3] - The basic earnings per share for the period was ¥0.21, reflecting a 31.25% increase compared to the previous year[3] - Total operating revenue for the current period reached ¥402,943,304.96, a significant increase of 50.4% compared to ¥267,780,905.83 in the previous period[21] - Net profit for the current period was ¥54,385,431.30, representing a 17.5% increase from ¥46,016,329.64 in the previous period[22] - Basic and diluted earnings per share for the current period were both ¥0.49, compared to ¥0.47 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥792,432,512.71, a 1.22% increase from the end of the previous year[3] - The company's current assets totaled CNY 467,438,192.94, compared to CNY 449,271,501.22 at the end of 2020, indicating an increase of about 4.1%[17] - Total liabilities decreased to ¥37,958,046.85 from ¥49,673,040.81 in the previous period[22] - Current liabilities decreased to CNY 31,078,149.72 from CNY 43,557,269.27, a reduction of about 28.6%[18] - Total equity attributable to shareholders of the parent company increased to ¥754,474,465.86 from ¥733,192,134.56 in the previous period[22] Cash Flow - The company reported a net cash flow from operating activities of -¥19,619,950.91, a decrease of 136.44% compared to the previous year[8] - The net cash flow from operating activities was negative at -¥19,619,950.91, compared to a positive ¥53,839,409.00 in the previous period[26] - Cash inflow from investment activities was ¥735,337,607.45, significantly higher than ¥147,371,280.47 in the previous period[26] - The company reported a net cash flow from investment activities of ¥36,468,565.07, recovering from a negative cash flow of -¥170,668,576.49 in the previous period[26] - Net cash flow from financing activities was -31,453,920.00 CNY, indicating a decrease compared to the previous quarter[27] - The net increase in cash and cash equivalents was -15,226,852.80 CNY, contrasting with an increase of 30,857,653.49 CNY in the previous quarter[27] Research and Development - Research and development expenses increased by 51.15% to ¥19,899,745.27, indicating a focus on innovation[8] - Research and development expenses increased to ¥19,899,745.27, up 50.4% from ¥13,165,467.89 in the previous period[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,920[10] - The company reported a total of 54,705,375 shares under lock-up agreements, with no new shares added during the period[14] - The company has a total of 36,626,000 shares under initial public offering lock-up, which remains unchanged[12] - The company is actively managing its shareholder structure, with significant holdings by major shareholders such as Shanghai Guo Shi Investment Partnership[11] - The company is focused on maintaining compliance with the regulations set forth by the Shenzhen Stock Exchange regarding shareholding and lock-up periods[14] Inventory and Receivables - The company’s inventory increased by 40.22% to ¥164,432,263.17, driven by higher order volumes[7] - Accounts receivable rose to CNY 115,160,470.44, up from CNY 91,528,549.76, marking an increase of around 25.8%[17] - Inventory increased significantly to CNY 164,432,263.17 from CNY 117,263,476.26, which is an increase of approximately 40.2%[17] Other Information - Cash and cash equivalents decreased to CNY 22,987,033.72 from CNY 38,213,886.52, representing a decline of approximately 39.5%[17] - Total cash and cash equivalents at the end of the period were 22,987,033.72 CNY, down from 42,867,600.36 CNY at the beginning of the period[27] - The impact of exchange rate changes on cash and cash equivalents was -621,546.96 CNY[27] - The company did not undergo an audit for the third quarter report[28] - The company has not applied the new leasing standards for the financial statements[28]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥252,399,647.61, representing a 50.80% increase compared to ¥167,376,125.31 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥31,131,666.92, which is a 10.50% increase from ¥28,172,708.61 in the previous year[21]. - Basic earnings per share for the first half of 2021 were ¥0.28, down 9.68% from ¥0.31 in the previous year[21]. - The company achieved operating revenue of 252.40 million yuan, a year-on-year increase of 50.80%[48]. - The net profit attributable to shareholders was 31.13 million yuan, reflecting a year-on-year growth of 10.50%[48]. - The total profit distribution for the period is 33,084,000.00 CNY[177]. - The total comprehensive income for the first half of 2021 was CNY 29,052,753, an increase compared to the previous year[178]. Cash Flow and Investments - The net cash flow from operating activities decreased by 65.31%, amounting to ¥7,962,790.45 compared to ¥22,954,120.64 in the same period last year[21]. - The company achieved a net increase in cash and cash equivalents of ¥21,052,269.90, a 263.73% increase from ¥5,787,895.63, mainly due to the recovery of financial investments[58]. - The total cash inflow from investment activities was CNY 439,061,446.89, significantly higher than CNY 83,926,474.58 in the previous year, marking an increase of 423.5%[163]. - The net cash flow from investment activities was CNY 45,164,940.50, recovering from a negative cash flow of CNY 193,052,587.46 in the first half of 2020[163]. - The cash inflow from sales of goods and services was CNY 195,362,508.82, up from CNY 148,254,541.14 in the same period last year, reflecting a growth of 31.7%[165]. Assets and Liabilities - Total assets at the end of the reporting period were ¥774,533,593.62, a decrease of 1.06% from ¥782,865,175.37 at the end of the previous year[21]. - The total liabilities decreased to CNY 22,771,727.70 from CNY 20,182,354.35 in the previous year[151]. - The total equity attributable to shareholders was CNY 722,092,530.85, down from CNY 727,348,284.83 at the end of 2020[151]. - The company's total assets as of June 30, 2021, were CNY 744,864,258.55, slightly down from CNY 747,530,639.18 at the end of 2020[150]. Research and Development - Research and development investment rose by 66.38% to ¥13,117,519.51 from ¥7,884,070.45, indicating a significant increase in R&D efforts[58]. - The company emphasizes technological innovation and has increased investment in R&D to enhance its competitive edge in the market[50]. - The company is focusing on developing new aluminum alloy radiator products for 5G and renewable energy sectors, with some products entering mass supply[49]. Market and Industry Position - The company operates in the "C33 Metal Products Industry," specifically in the manufacturing of industrial precision aluminum alloy components[29]. - The market for inverters is projected to reach CNY 57.6 billion in 2021, with expectations to grow to CNY 137.7 billion by 2025 and CNY 392.7 billion by 2030[43]. - The company’s electric power electronic heat sinks are critical components in inverters and wind power generation equipment, enhancing its competitive position in these markets[45]. - The company’s automotive lightweight components are primarily used in traditional and new energy vehicles, contributing to the lightweighting trend in the automotive industry[32]. Corporate Governance and Compliance - The company has a robust corporate governance structure, ensuring accurate and timely information disclosure to protect investor rights[96]. - The financial report was approved by the board of directors on August 23, 2021, indicating timely financial disclosures[180]. - The company has not engaged in any major related party transactions or non-operating fund occupation[101][108]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares during the reporting period, indicating a focus on reinvestment[89]. - Major shareholders include Guo Zhan Chang with 33.21% (36,626,000 shares) and Guo Jia with 15.08% (16,630,000 shares)[131]. - The total number of shares before the change was 110,280,000, with 75% being restricted shares, which decreased to 49.61% after the change[125]. Risk Factors - The company faces customer concentration risk, primarily relying on major clients such as Schneider, ABB, GE, and Siemens, which could impact revenue and profit if these clients experience adverse conditions[82]. - The global COVID-19 pandemic poses a risk to the company's production and operations, prompting the company to closely monitor and respond to pandemic-related developments[83]. Environmental and Social Responsibility - The company has implemented environmental protection measures, achieving zero major pollution incidents in 2020[98]. - The company adheres to national environmental regulations and has made significant progress in energy conservation and emissions reduction[96]. - The company has established a comprehensive management system for employee welfare, ensuring legal employment and adequate social security contributions[94].

Financial Performance - The company's revenue for Q1 2021 was CNY 105,980,792.51, representing a 63.47% increase compared to CNY 64,832,195.48 in the same period last year[8] - Net profit attributable to shareholders was CNY 13,566,858.96, up 26.58% from CNY 10,718,352.71 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 13,190,009.49, a 48.98% increase from CNY 8,853,536.12 in the previous year[8] - The company's operating revenue for Q1 2021 was CNY 105,980,792.51, representing a 63.47% increase compared to CNY 64,832,195.48 in Q1 2020[16] - The net profit attributable to shareholders for Q1 2021 was CNY 13,566,858.96, a 26.58% increase from CNY 10,703,000.00 in Q1 2020[19] - The total profit for the first quarter was CNY 16,219,494.12, compared to CNY 12,426,817.74 in the previous year, marking an increase of about 30.5%[44] - The total comprehensive income for the first quarter was CNY 13,566,858.96, compared to CNY 10,718,352.71 in the previous year, reflecting a growth of approximately 26.5%[45] Cash Flow - The net cash flow from operating activities decreased by 34.04%, amounting to CNY 14,147,155.05 compared to CNY 21,447,510.34 in the same period last year[8] - The company's cash received from sales of goods and services was CNY 113,243,163.00, a 52.28% increase from CNY 74,366,629.30 in the previous period[17] - Operating cash inflow for Q1 2021 was CNY 114,413,517.24, up from CNY 77,470,922.94 in Q1 2020, representing an increase of approximately 47.6%[52] - Total cash inflow from operating activities was CNY 100,158,215.02, up from CNY 73,083,832.24, reflecting an increase of about 37.0%[54] - Total cash outflow from operating activities was CNY 84,356,643.32, compared to CNY 54,570,645.38, an increase of approximately 54.6%[54] - Cash inflow from investment activities totaled CNY 99,268,375.38, compared to CNY 42,523,175.19 in Q1 2020, marking an increase of approximately 133.3%[52] - Cash outflow from investment activities was CNY 104,061,039.81, up from CNY 51,135,054.56, indicating an increase of about 103.5%[52] - Net cash flow from investment activities was negative at CNY -4,792,664.43, an improvement from CNY -8,611,879.37 in the previous year[52] Assets and Liabilities - Total assets at the end of the reporting period were CNY 790,571,455.03, a slight increase of 0.98% from CNY 782,865,175.37 at the end of the previous year[8] - The total amount of cash received from investment recoveries was CNY 99,033,819.50, a 133.30% increase from CNY 42,450,000.00 in the previous period[17] - The company's total liabilities decreased to CNY 43,812,461.51 from CNY 49,673,040.81, reflecting a decline of approximately 11.5%[36] - The company's current liabilities totaled CNY 37,935,513.78, down from CNY 43,557,269.27, a decrease of about 13%[36] - The total equity attributable to shareholders rose to CNY 746,758,993.52 from CNY 733,192,134.56, an increase of approximately 1.9%[37] Research and Development - Research and development expenses increased by 136.43% to CNY 6,362,466.02 in Q1 2021, up from CNY 2,691,056.39 in Q1 2020, due to increased investment in subsidiary R&D projects[16] - The company plans to enhance its R&D capabilities and expand its customer base to mitigate risks associated with customer concentration[20] - The company aims to enhance deep processing technology and product quality control to improve product competitiveness and profitability[22] Customer Base and Market Position - The company's top five customers accounted for 47.22% of total sales in Q1 2021, down from 48.90% in Q1 2020, indicating a slight diversification in customer base[19] - The company has signed aluminum price adjustment mechanisms with major suppliers and customers to mitigate the impact of aluminum price fluctuations[21] Miscellaneous - The company is actively monitoring and responding to COVID-19 pandemic risks to ensure orderly production and operations[22] - The company did not undergo an audit for the Q1 2021 report, indicating that the financial results are unaudited[58]

Financial Performance - The company's operating revenue for 2020 was CNY 368,479,413.73, representing a 10.39% increase compared to CNY 333,808,076.63 in 2019[15]. - The net profit attributable to shareholders for 2020 was CNY 65,748,746.33, a 5.09% increase from CNY 62,566,574.91 in 2019[15]. - The net cash flow from operating activities surged to CNY 69,533,789.34, a significant increase of 475.77% compared to CNY 12,076,577.05 in 2019[15]. - The total assets at the end of 2020 reached CNY 782,865,175.37, marking a 37.50% increase from CNY 569,369,067.38 at the end of 2019[15]. - The net assets attributable to shareholders increased by 88.50% to CNY 733,192,134.56 from CNY 388,967,584.46 in 2019[15]. - The basic earnings per share for 2020 were CNY 0.65, down 14.47% from CNY 0.76 in 2019[15]. - The weighted average return on equity decreased to 10.74% from 17.16% in 2019, a decline of 6.42%[15]. - The quarterly revenue for Q4 2020 was CNY 100,698,507.90, with a net profit of CNY 19,732,416.69[16]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was CNY 59,272,083.53, down 3.32% from CNY 61,309,746.79 in 2019[15]. - The gross profit margin for the metal products industry was 33.68%, a decrease of 2.10% from the previous year[69]. Investment and Fundraising - The company raised CNY 30.60 million through its IPO, primarily for a new industrial precision aluminum alloy component production project[60]. - The company raised a total of RMB 338.01 million through its initial public offering, with a net amount of RMB 306.05 million after deducting issuance costs[87]. - As of December 31, 2020, the company had utilized RMB 225.18 million of the raised funds, with RMB 89 million invested in financial management[89]. - The company approved the use of RMB 204.10 million of raised funds to replace self-raised funds and issuance costs for the new precision aluminum alloy components production project[88]. - The company plans to use up to RMB 1 billion of temporarily idle raised funds and RMB 1.5 billion of idle self-owned funds for cash management within a 12-month period[88]. Research and Development - Research and development expenses amounted to 18,283,677.18 CNY, representing 4.96% of total revenue, with a year-on-year increase of 23.07%[75]. - The number of R&D personnel increased to 89, representing 14.57% of the total workforce, up from 12.04% in the previous year[76]. - The company has been a pioneer in the research and production of aluminum alloy battery boxes for electric vehicles since 2009, mastering mature production processes[56]. - The company aims to enhance its technical capabilities and innovation through increased R&D investment and talent acquisition[103]. Production and Operations - The company specializes in the R&D, production, and sales of industrial precision aluminum alloy components, with a focus on power electronics heat sinks and automotive lightweight components[24]. - The production model is primarily order-based, allowing for customization according to client specifications, which enhances flexibility and responsiveness to market changes[31]. - The company utilizes a flexible production line that has improved production efficiency and gross margin, with over 100 types of common tooling developed for more than 1,000 product switches[30]. - The company has established flexible production lines that meet the production needs of over 1,000 different products, significantly improving production efficiency[52]. - The company has achieved a full-process production capability, from product design to manufacturing, ensuring high-quality and efficient production[53]. Market and Customer Relations - The company has established partnerships with major clients such as ABB, Schneider, Siemens, and General Electric, expanding its customer base significantly[24]. - The company maintains stable relationships with major global clients in various sectors, ensuring a diversified and stable high-end customer base[51]. - The company’s top five customers accounted for 50.95% of total annual sales, with the largest customer contributing 13.76%[72]. - The company has established a good reputation with major multinational clients, facilitating business expansion through internal recommendations and technical exchanges[38]. Environmental and Social Responsibility - The company maintains a 100% compliance rate with environmental protection regulations, with no major pollution incidents reported in 2020[153]. - The company has implemented measures to reduce emissions and achieve zero wastewater discharge[153]. - The company has a comprehensive strategy for environmental protection, including waste treatment and resource utilization[153]. - The company has established long-term cooperative relationships with suppliers, focusing on mutual benefit and social responsibility[152]. Shareholder and Governance - The company has implemented a cash dividend policy, distributing 3 RMB per 10 shares, totaling 33,084,000 RMB for the year 2020[113]. - The company has a high reliance on major clients such as Schneider and ABB, which poses a risk if these clients face operational difficulties[104]. - The company has established commitments to reduce related party transactions and ensure transparency in its dealings[118]. - The company has committed to timely compensation for any penalties or compensation fees arising from violations of social insurance and housing fund regulations[123]. - The company has established a robust internal control system and governance structure to protect shareholder rights and ensure timely information disclosure[150]. Future Outlook - The company plans to enhance its production capabilities and expand its market share in the automotive lightweight and new energy vehicle sectors[101]. - The company aims to establish a comprehensive industrial base in the Yangtze River Delta region, integrating production, research, warehousing, and marketing functions[101]. - The company anticipates that the aluminum consumption in the new energy vehicle and photovoltaic industries will increase by 2.63 million tons from 2021 to 2025[98]. - The company plans to actively develop new aluminum alloy radiator products and expand existing production capacity, focusing on servo motor shell products as a new revenue growth point[103].

Financial Performance - Operating revenue for the reporting period was CNY 100,404,780.52, reflecting a 10.12% increase compared to the same period last year[7] - Net profit attributable to shareholders was CNY 17,843,621.03, an increase of 8.78% year-on-year[7] - The total operating revenue for the third quarter was CNY 96,877,476.73, an increase from CNY 89,858,964.37 in the previous period[41] - The total profit for the quarter was CNY 20,924,012.76, compared to CNY 19,499,224.08 in the same quarter last year[38] - The company's operating revenue for the first three quarters of 2020 was CNY 259,955,508.37, an increase of 7.4% compared to CNY 241,013,434.43 in the same period last year[49] Assets and Liabilities - Total assets increased by 33.35% to CNY 759,263,226.88 compared to the end of the previous year[7] - Current assets rose significantly to CNY 431,668,030.07, compared to CNY 245,481,540.12 at the end of 2019, marking an increase of about 75.7%[29] - The total liabilities decreased to CNY 45,803,509.01 from CNY 180,401,482.92, a reduction of approximately 74.6%[30] - Total liabilities reached CNY 180,401,482.92, with current liabilities at CNY 106,666,599.28 and non-current liabilities at CNY 73,734,883.64[62][63] Shareholder Information - Net assets attributable to shareholders rose by 83.42% to CNY 713,459,717.87 year-on-year[7] - The company reported a total of 14,818 common shareholders at the end of the reporting period[11] - The top shareholder, Guo Zhan Chang, holds 33.21% of the shares, totaling 36,626,000 shares[11] - Shareholders' equity rose to CNY 713,459,717.87, compared to CNY 388,967,584.46 at the end of 2019, an increase of about 83.4%[31] Cash Flow - Net cash flow from operating activities surged by 584.65% to CNY 30,885,288.36[7] - Operating cash flow net amount increased by 233.29% to ¥53,839,409.00, attributed to growth in operating income[20] - Cash inflow from financing activities amounted to CNY 314,008,200.00, a substantial increase from CNY 79,980,000.00 in the previous year[58] - Net cash flow from financing activities was CNY 148,144,313.73, up from CNY 55,649,960.58 in Q3 2019[55] Expenses - Operating costs amounted to CNY 64,486,234.10, compared to CNY 60,988,653.21 in the prior period, reflecting a rise in costs[41] - Financial expenses surged by 710.55% to ¥2,421,239.03, primarily due to increased foreign exchange losses[19] - Research and development expenses increased to CNY 5,281,397.44 from CNY 4,615,439.63, showing a commitment to innovation[37] Earnings Per Share - Basic earnings per share decreased by 20.00% to CNY 0.16[7] - The basic and diluted earnings per share for the third quarter were both CNY 0.47, compared to CNY 0.55 in the same period last year, indicating a decrease of 14.5%[47] Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[22] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[23] - The third quarter report of Tianjin Ruixinchang Technology Co., Ltd. has not been audited[69] - The company has implemented new revenue and leasing standards since 2020, with retrospective adjustments to prior comparative data[69] Other Information - The company did not engage in any repurchase transactions during the reporting period[12] - Future outlook and performance guidance are not mentioned in the report[69] - There are no details on new product or technology development in the document[69] - Market expansion and mergers or acquisitions are not discussed[69] - Other new strategies are not outlined in the report[69]