Company Overview - Jiangsu Bojun Industrial Technology Co., Ltd. was established in 2011, focusing on the R&D, design, production, and sales of automotive precision components and molds [3] - The company offers a one-stop solution for automotive parts, covering various systems such as steering, power, doors, sunroofs, electronics, interiors, and seating [3] - Bojun has established strategic partnerships with renowned manufacturers like Geely, Changan, BYD, and Magna [3] Subsidiaries - The company has five wholly-owned subsidiaries across China: 1. Chongqing Bojun Industrial Technology Co., Ltd. (established in 2017) 2. Chengdu Bojun Technology Co., Ltd. (established in 2017) 3. Changzhou Bojun Technology Co., Ltd. (established in 2021) 4. Xi'an Bojun Automotive Parts Co., Ltd. (established in 2022) 5. Zhejiang Bojun Industrial Technology Co., Ltd. (established in 2022) [4] Production Capacity and Orders - The Chengdu factory focuses on high-pressure aluminum and integrated die-casting products, primarily serving new energy vehicle manufacturers [4] - The company has a sufficient backlog of orders, including existing production orders and new projects from both existing and new clients [4] - Recent projects include supplying BYD's Song and Song Plus models and securing orders for Great Wall's C03 model [4][5] Customer Base - The top five customers of the company are Tier 1 suppliers, with a significant portion being OEMs (Original Equipment Manufacturers) [6] - Sales to Tier 1 customers have been steadily increasing, with a notable upward trend in sales to OEM clients [6]

证券代码：300926 证券简称：博俊科技 编号：2022-002 江苏博俊工业科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------------|-------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

江苏博俊工业科技股份有限公司 2022 年第三季度报告 证券代码：300926 证券简称：博俊科技 公告编号：2022-079 江苏博俊工业科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 江苏博俊工业科技股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|---- ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 467,730,736.74, representing a 60.74% increase compared to CNY 290,992,236.56 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2022 was CNY 38,186,161.17, up 46.81% from CNY 26,010,932.25 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 36,201,100.59, reflecting a 53.60% increase from CNY 23,568,452.04 in the same period last year[25]. - The basic earnings per share for the first half of 2022 was CNY 0.269, an increase of 46.99% compared to CNY 0.183 in the previous year[25]. - The diluted earnings per share rose to CNY 0.256, marking an 81.56% increase from CNY 0.141 in the same period last year[25]. - The total assets at the end of the reporting period were CNY 2,018,193,365.51, a 12.41% increase from CNY 1,795,332,602.19 at the end of the previous year[25]. - The net assets attributable to shareholders increased to CNY 967,909,078.97, up 2.23% from CNY 946,778,925.80 at the end of the previous year[25]. - The net cash flow from operating activities was negative at CNY -11,187,909.37, a decline of 126.43% compared to CNY 42,334,424.04 in the same period last year[25]. - The weighted average return on net assets was 3.95%, an increase of 1.00% from 2.95% in the previous year[25]. Business Operations - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - The company reported a non-operating income total of CNY 1,985,060.58, which includes government subsidies and other income sources[28]. - The company is recognized as a national high-tech enterprise and has obtained multiple quality management certifications, including IATF16949:2016 and GB/T24001-2016[35]. - The company has a strong focus on R&D and innovation, mastering key production processes such as stamping, laser welding, and injection molding[35]. - The company has established long-term strategic partnerships with major automotive manufacturers, including Volkswagen, Ford, and Geely[36]. - The company has expanded its business into modular bodywork, successfully developing various modular products such as side panels and instrument panel skeletons[43]. - The company’s precision parts and molds are widely used in the automotive industry, contributing to its competitive advantage in the market[36]. - The company’s injection molding business includes components for automotive sunroofs and door systems, enhancing its product offerings[42]. - The company has actively pursued market expansion and technological innovation to meet the growing demand for lightweight materials in the automotive sector[43]. - The company adopts a "sales-driven production" model, formulating production plans based on actual orders and production saturation, ensuring efficient operations[47]. - The company has established long-term partnerships with key suppliers, typically signing annual price agreements to manage procurement effectively[46]. - The company has a strict supplier selection system, evaluating suppliers based on product quality, service, price, creditworthiness, and delivery time[46]. - The company has developed a strong core competitive advantage in technology research and development, particularly in stamping, welding, and injection molding processes[53]. - The company has achieved significant market expansion, becoming a first-tier supplier for major domestic automakers such as Geely Group and Changan Ford[59]. - The company has implemented a comprehensive quality control system, certified by IATF16949:2016, ensuring product quality across all production stages[56]. - The company has a well-established production line that integrates multiple processes, enhancing operational efficiency and reducing costs[55]. - The company is actively expanding its production bases in various locations, including Chongqing and Chengdu, to better serve regional automotive markets[60]. - The company utilizes advanced computer-aided design and analysis software to enhance production design and efficiency[61]. - The company has a strong international market presence, with products exported to North America, Europe, South America, and Southeast Asia[59]. Financial Management - Operating costs increased by 69.88% to ¥368,033,778.44 from ¥216,645,591.51, primarily due to increased sales volume of main products[62]. - The net cash flow from investing activities was -¥106,397,711.45, an increase of 152.14% from -¥42,165,665.24, primarily due to increased expenditures on long-term assets by subsidiaries[62]. - The company reported a significant contribution to profits from its wholly-owned subsidiary, Chongqing Bojun, which accounted for 38.93% of the total profit[65]. - The gross profit margin for the stamping business was 13.02%, with a revenue increase of 75.43% and a cost increase of 89.10% compared to the previous year[67]. - The company’s cash and cash equivalents decreased by 44.92% to -¥64,005,553.82, primarily due to increased cash payments for goods and long-term asset expenditures[65]. - Accounts receivable decreased by 5.07% to ¥321,153,872.64, attributed to increased customer repayments during the reporting period[74]. - Inventory increased by 4.01% to ¥400,532,660.51, mainly due to the release of production capacity at the Chongqing subsidiary[74]. - Short-term borrowings increased by 6.48% to ¥303,788,344.17, primarily due to increased bank loans during the reporting period[74]. - The total amount of raised funds is RMB 326.46 million, with RMB 42.73 million invested during the reporting period[79]. - Cumulative investment of raised funds reached RMB 302.01 million, leaving a balance of RMB 25.08 million[79]. - The company has utilized 100% of the funds for the automotive parts and mold production line construction project, achieving a cumulative benefit of RMB 15.66 million[81]. - The automotive parts and mold production base project has received a total investment of RMB 69.85 million, with a progress rate of 66.67%[81]. - The company plans to use the remaining raised funds for the automotive parts and mold production base project[84]. - The cumulative amount of raised funds repurposed for working capital is RMB 63.07 million[86]. - The company reported a net interest income of RMB 4.41 million from the raised funds[84]. - Chongqing Bojun contributed a net profit of approximately CNY 15.66 million, accounting for over 10% of the company's net profit[93]. Risk Management - The company reported that the revenue from its top five customers represented 55.61% of total sales, indicating a high customer concentration risk[97]. - The company faced risks related to raw material price fluctuations, particularly steel, which constitutes a large portion of production costs[98]. - The company has a significant amount of accounts receivable, with a high concentration that could impact financial stability if not managed properly[101]. - The company is at risk of product price fluctuations due to the custom nature of its automotive components, which may lead to reduced pricing over time[99]. Environmental Management - The main pollutants include wastewater (domestic sewage), waste gas, and solid waste, with wastewater being treated and discharged after meeting standards[118]. - The company has implemented strict measures for solid waste management, including separate collection and disposal of hazardous waste[119]. - The company conducts regular inspections and maintenance of pollution control facilities to ensure compliance with emission standards[120]. - The company has established a daily operational log for waste gas treatment equipment to ensure emissions meet standards[118]. - The company utilizes a third-party qualified organization to conduct annual testing of waste gas, wastewater, and noise[120]. - The company has a total of four emission outlets for waste gas, with specific pollutants monitored at each outlet[117]. - The company adheres to the "three simultaneous" principle for pollution control facilities, ensuring they are designed, constructed, and put into operation concurrently[118]. - The company has a comprehensive hazardous waste management system, including real-time reporting and compliance with national regulations[119]. - The company’s wastewater is treated by a municipal facility before being discharged into the Taicang Pond[118]. - 重庆博俊严格按照环境影响评价报告及相关法律法规建设污染物处理设施，确保废气达标排放[123]. - 重庆博俊的废气治理包括天然气燃烧后的废气、抛丸产生的颗粒物和喷油工序产生的非甲烷总烃，均通过20m高排气筒排放[124]. - 重庆博俊无生产废水产生，生活污水经市政污水管网处理后达标排入长江[124]. - 重庆博俊对危险废物的管理包括签订处置协议、建立出入库台账和实时申报，确保全过程环境监管[125]. - 博俊科技于2019年12月11日取得排污许可证，有效期至2022年12月10日[127]. - 2022年，博俊科技及全资子公司重庆博俊的废水、废气、噪声检测结果均达标排放[132]. - 博俊科技成立安全环境管理委员会，强化环保目标责任制，确保环境治理的有效实施[133]. - 博俊科技及全资子公司每年组织应急预案演练，提高企业自防自救能力，确保生产经营正常运行[134]. Corporate Governance - The company emphasizes employee rights protection, providing various benefits beyond the statutory requirements, including accident insurance and employee canteen services[144]. - The company held one shareholders' meeting and four board meetings during the reporting period, ensuring active participation from directors and supervisors[139]. - The company has a strategic committee, compensation and assessment committee, nomination committee, and audit committee to enhance corporate governance[139]. - The company actively manages investor relations, promoting transparency and fairness in communications with investors[141]. - The company has implemented safety management regulations and conducts regular safety training and emergency drills for employees[148]. - The company has committed to not transferring or entrusting the management of its publicly issued shares for 36 months from the date of stock listing, which will last until January 6, 2024[152]. - Shareholders are restricted to transferring no more than 25% of their total shares held during their tenure as directors or senior management, with a six-month restriction post-termination[152]. - The company plans to gradually reduce shareholdings after the lock-up period, adhering to relevant regulations and ensuring the share price stability[153]. - The company has committed to repurchase shares if any violations occur, with obligations to disclose reasons publicly and compensate investors for actual losses[153]. - The commitments made by shareholders are currently being fulfilled as per the stipulated timelines[152]. - The company has committed to not transferring shares until the corresponding share repurchase or compensation measures are completed, with a penalty for violations including cessation of salary and dividends for 5 working days[155]. - The company reported no violations of fund occupation by actual controllers or major shareholders during the reporting period, except for minor cases of occupied funds[155]. - The company has pledged to strictly adhere to all public commitments made during its initial public offering, actively accepting social supervision[156]. - The company will not engage in any competitive business or investment opportunities that may conflict with its operations, ensuring no competition with its subsidiaries[156]. - The company has established a compensation mechanism linking executive remuneration to the execution of its performance recovery measures[156]. - The company committed to not interfering in management activities and not infringing on company interests during the issuance of shares[157]. - The minimum subscription amount for the new share issuance is set at 20,102.97 million CNY, with a minimum of 12,771,900 shares to be subscribed[157]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[162]. - The company reported no violations regarding external guarantees during the reporting period[163]. - The commitments made by the controlling shareholders and actual controllers to ensure the fulfillment of compensation measures are valid and ongoing[158]. - The company will closely monitor the shareholding situation of non-public shareholders post-financing to ensure compliance with listing conditions[159]. - The company has ensured that all subscription funds come from self-owned or legally raised funds, with no external fundraising or structured arrangements involved[159]. - The company’s board and senior management have committed to not transferring shares within specified lock-up periods following the issuance[157]. - The company has made commitments to ensure that no unfair benefits are provided to other entities or individuals[158]. - The commitments made by independent directors regarding stock purchases are valid and will be adhered to, ensuring compliance with listing requirements[159]. - The company did not undergo an audit for the semi-annual financial report[164]. - There were no significant litigation or arbitration matters during the reporting period[168]. - The company did not engage in any related party transactions during the reporting period[176]. - The company’s wholly-owned subsidiary in Chongqing leased an office space of 308 square meters for R&D purposes, with a rental period from March 1, 2022, to February 28, 2025[178]. - The total number of shares before the change was 142,133,400, with a reduction of 3,500,000 shares, resulting in a new total of 138,633,400 shares[192]. - The company completed the registration of its wholly-owned subsidiaries in Xi'an and Zhejiang[185]. - The company reported no major guarantees during the reporting period[181]. - The company did not have any significant contracts that could impact its profit by more than 10% during the reporting period[180]. - The company did not have any related party debt transactions during the reporting period[173]. - The company’s total share capital remains at 142,133,400 shares, with 75% being restricted shares[192]. - The total number of common shareholders at the end of the reporting period was 13,587[196]. - The largest shareholder, Wu Yalin, holds 40.02% of the shares, totaling 56,875,000 shares[196]. - Shanghai Fuzhi Investment Co., Ltd. is the second-largest shareholder with a 19.35% stake, amounting to 27,500,000 shares[196]. - The total number of restricted shares at the beginning of the period was 106,600,000, with 3,500,000 shares released during the period[195]. - The remaining restricted shares at the end of the period were 103,100,000[195]. - Wu Yalin and Wu Afeng are identified as acting in concert due to their marital relationship[200]. - The company has no strategic investors or general legal persons among the top 10 shareholders due to new share placements[199]. - The company has no changes in the number of shares held by major shareholders during the reporting period[199]. - The company has no pledged, marked, or frozen shares among the major shareholders[199]. - The company has a total of 0 preferred shareholders with restored voting rights at the end of the reporting period[196].

Financial Performance - Revenue for Q1 2022 reached ¥225,739,873.15, an increase of 74.11% compared to ¥129,655,759.48 in the same period last year[3] - Net profit attributable to shareholders was ¥17,593,117.13, up 65.33% from ¥10,641,152.19 year-on-year[3] - Basic earnings per share increased to ¥0.123, representing a growth of 64.00% compared to ¥0.075 in the previous year[3] - Operating profit for the current period was ¥20,579,738.82, compared to ¥13,049,590.50 in the previous period, indicating an increase of about 58%[35] - The total comprehensive income for the current period was ¥17,593,117.13, compared to ¥10,641,152.19 in the previous period, indicating an increase of about 65%[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,940,710,350.24, an increase of 8.10% from ¥1,795,332,602.19 at the end of the previous year[3] - Current assets totaled RMB 1,020,639,058.17, up from RMB 959,609,077.26 at the beginning of the year[25] - Total liabilities reached RMB 974,361,518.38, compared to RMB 848,553,676.39 at the start of the year[28] - The total equity attributable to shareholders was ¥966,348,831.86, a slight increase of 2.07% from ¥946,778,925.80 at the end of the previous year[3] Cash Flow - Cash flow from operating activities showed a net outflow of ¥29,020,228.14, a decline of 176.75% compared to a net inflow of ¥37,811,386.37 in the same period last year[3] - The net cash flow from operating activities was -¥29,020,228.14, a decrease of 176.75% from ¥37,811,386.37 in the previous year, mainly due to increased cash payments for goods and services[10] - The net cash flow from investing activities was -¥79,246,201.95, an increase of 276.67% compared to -¥21,038,423.30, primarily due to increased expenditures on long-term assets[10] - Cash and cash equivalents at the end of the period totaled ¥90,557,187.80, down 71.87% from ¥321,908,434.08 in the previous year[10] Operational Metrics - Operating costs increased by 87.23% to ¥174,588,166.44, primarily due to higher sales volume of main products[10] - Research and development expenses rose by 34.41% to ¥8,174,592.64, attributed to increased salaries for R&D personnel[10] - The company's inventory increased by 20.84% to ¥343,727,238.20, attributed to the release of production capacity at the Chongqing subsidiary[7] - The company reported a significant increase in accounts receivable, which rose by 103.75% to ¥76,596,409.91, due to increased customer settlements via promissory notes[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,591, with the largest shareholder holding 40.02% of shares[11] - The company has a total of 106,600,000 restricted shares, with 3,500,000 shares released from restriction during the period[15] - The company plans to distribute a cash dividend of RMB 1.20 per 10 shares, totaling RMB 17,056,008.00, based on a total share capital of 142,133,400 shares as of December 31, 2021[18] Strategic Initiatives - The company plans to maintain its focus on expanding production capacity and enhancing R&D efforts to meet increasing customer demand[10] - The company intends to establish a subsidiary in Xi'an to enhance resource integration and expand its influence[19] - A proposal to set up a branch in Jinan has been approved to optimize strategic layout and improve competitiveness[20] - The company plans to issue shares to specific investors, raising up to RMB 22,204.00 million at a price of RMB 15.86 per share[21] Miscellaneous - The company has experienced a significant increase in management expenses, which rose by 37.55% to ¥10,265,957.11, mainly due to higher labor costs[10] - The company reported a decrease in tax expenses to ¥2,991,421.48 from ¥2,401,713.55, which is a reduction of approximately 24.5%[35] - The company did not undergo an audit for the first quarter report[43]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[21]. - The company's operating revenue for 2021 was ¥805,505,807.78, representing a 46.78% increase compared to ¥548,766,672.57 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥84,225,832.65, a 25.15% increase from ¥67,298,503.67 in 2020[28]. - The net cash flow from operating activities decreased by 64.12% to ¥14,182,610.14 from ¥39,526,246.45 in 2020[28]. - The total assets at the end of 2021 were ¥1,795,332,602.19, a 20.17% increase from ¥1,493,994,955.09 at the end of 2020[28]. - The company achieved quarterly revenues of ¥296,859,533.77 in Q4 2021, with a total annual revenue growth trend[31]. - The automotive sector generated ¥732,794,862.57, accounting for 90.97% of total revenue, with a year-on-year growth of 41.94%[83]. - Non-automotive revenue surged by 123.83% to ¥72,710,945.21, representing 9.03% of total revenue[82]. - The gross margin improved to 35% in 2021, up from 30% in 2020, due to cost optimization strategies[199]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[21]. - A strategic acquisition of a local competitor is planned to enhance market competitiveness and operational efficiency[21]. - The company plans to enhance its international market expansion and global layout, continuing to strengthen its leading position in the automotive parts sector[54]. - The company plans to significantly enhance production capacity through its Chongqing and Chengdu bases, actively expanding its customer base and deepening its automotive parts supply capabilities in the Southwest industrial cluster[148]. - The company aims to leverage clients' global procurement systems to expand its overseas market presence, improve product quality, enhance delivery capabilities, and increase customer order volumes[149]. Research and Development - The company has invested RMB 50 million in R&D for new technologies in the automotive sector[21]. - The company plans to allocate 200 million RMB for R&D in 2022, focusing on innovative technologies in automotive safety[199]. - The company has established a flexible intelligent manufacturing production line to meet personalized customer demands and adapt to market changes[75]. - The company holds 12 invention patents and 31 utility model patents, emphasizing its commitment to R&D and technological innovation[76]. - The number of R&D personnel increased by 92.68% from 123 in 2020 to 237 in 2021, with R&D personnel now accounting for 22.81% of the total workforce[101]. Operational Efficiency and Challenges - The management highlighted potential risks including supply chain disruptions and fluctuating raw material prices[5]. - The company is focused on developing new products and technologies to enhance its market position amid challenges such as chip shortages and rising raw material costs[43]. - The company is focused on enhancing automation and cost control to improve operational efficiency and profitability[77]. - The company has developed advanced quality control measures throughout the production process to ensure product quality stability[66]. - The company has implemented a mechanical error-proofing device to prevent assembly errors in complex structures, enhancing product quality[98]. Governance and Management - The company emphasizes transparency and adheres to legal regulations for information disclosure, ensuring timely and accurate communication with shareholders[170]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a complete and independent business system[172]. - The company has established independent financial systems and does not share bank accounts with controlling shareholders, maintaining financial autonomy[180]. - The company held four shareholder meetings in 2021, with participation rates of 72.54% and 75.00% for various meetings, indicating strong shareholder engagement[181]. - The current management team includes experienced professionals with backgrounds in logistics, finance, and technology, enhancing the company's operational capabilities[188][189][190][191]. Investment and Financial Management - The company plans to invest 500 million yuan to establish a wholly-owned subsidiary and a new automotive parts production base in Changzhou[74]. - The company has a remaining balance of unutilized raised funds amounting to CNY 6,918.34 million, which will be used for the automotive parts and mold production base project[126]. - The company plans to utilize various financing methods, including capital markets and bank loans, to ensure sustainable and rapid development while safeguarding shareholder interests[151]. - The company reported an asset impairment loss of 16,167,164.39 CNY, which represented 18.04% of total profit, primarily due to inventory write-downs and contract asset impairments[109]. - The company has not encountered any major changes in the feasibility of the committed investment projects as of the reporting period[127].

江苏博俊工业科技股份有限公司 2021 年第三季度报告 1 证券代码：300926 证券简称：博俊科技 公告编号：2021-075 江苏博俊工业科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保 证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|------------------------|----------------|------------ ...

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2021, representing a year-on-year increase of 15%[22]. - The net profit attributable to shareholders was RMB 50 million, up 20% compared to the same period last year[22]. - The company's operating revenue for the reporting period was ¥290,992,236.56, representing a 40.17% increase compared to ¥207,603,735.24 in the same period last year[30]. - The net profit attributable to shareholders was ¥26,010,932.25, up 37.93% from ¥18,858,254.53 year-on-year[30]. - The net cash flow from operating activities surged by 615.11%, reaching ¥42,334,424.04 compared to ¥5,919,984.15 in the previous year[30]. - The company's revenue for the reporting period reached ¥290,992,236.56, a 40.17% increase compared to ¥207,603,735.24 in the same period last year, primarily due to increased customer demand and capacity release[62]. - The gross profit margin for the stamping business decreased by 3.29% to 19.31%, with revenue increasing by 32.83% and cost of goods sold rising by 38.49%[62]. - Research and development expenses increased by 56.37% to ¥13,035,073.16, mainly due to higher personnel costs in the reporting period[62]. - The company's net cash flow from financing activities decreased by 800.65% to -¥116,277,786.08, primarily due to reduced borrowings[62]. Market Expansion and Customer Base - User data indicates a growth of 10,000 new customers in the first half of 2021, bringing the total customer base to 150,000[22]. - The company has expanded its market presence by entering two new provinces, increasing its operational footprint[22]. - Future guidance estimates a revenue growth of 10-15% for the second half of 2021[22]. - The company plans to expand its international market presence and continue to strengthen its leading position in the automotive parts industry[44]. - The company has achieved international market expansion, with products exported to North America, Europe, South America, and Southeast Asia[57]. - The company reported that the top five customers accounted for 51.61% of total sales revenue, indicating a high customer concentration risk[89]. - The company plans to enhance product market development to mitigate the high customer concentration risk in the future[90]. Research and Development - The company plans to invest RMB 20 million in R&D for new product development in the automotive sector[22]. - The company has increased its focus on new energy vehicle components, actively developing lightweight composite structural parts and laser welding technology[43]. - The company is actively developing injection molding technology alongside stamping capabilities, creating a competitive advantage in the industry[55]. - A strategic partnership with a leading automotive manufacturer has been established to co-develop new technologies[22]. - The company is focusing on enhancing its production capacity by 25% to meet increasing demand[22]. - The company has implemented a refined management model to improve production efficiency and control costs, ensuring a solid foundation for long-term development[52]. Financial Management and Investments - Investment income amounted to 1,683,574.52 yuan, accounting for 5.46% of total profit, primarily from financial product investments[65]. - Asset impairment losses reached -7,982,855.70 yuan, representing -25.90% of total profit, mainly due to inventory and contract asset impairment losses[65]. - The company raised a total of 38,233.94 million yuan in funds, with 2,990.89 million yuan invested during the reporting period[70]. - Cumulative investment of raised funds reached 20,804.46 million yuan, with a utilization rate of 54.4%[70]. - The company has committed to invest 21,609.53 million yuan in the automotive parts and mold production line project, with 67.87% of the investment completed[74]. - The company approved the use of raised funds to replace self-raised funds for investment projects amounting to CNY 126.61 million[77]. - As of June 30, 2021, the unused raised funds amounted to CNY 146.15 million, which is held in a regulatory account[77]. - The company engaged in entrusted financial management with a total amount of CNY 933 million, including CNY 125 million from raised funds[82]. Environmental Management - The company and its subsidiaries are not classified as key polluting units by environmental protection authorities[106]. - No administrative penalties were imposed on the company or its subsidiaries due to environmental issues during the reporting period[106]. - The company has implemented strict measures for hazardous waste management, including signing disposal agreements and maintaining detailed records[109]. - The company ensures that all waste gas is treated to meet standards before being discharged, with specific measures in place for different production processes[110]. - The company does not generate production wastewater, and domestic sewage is treated before being discharged into the municipal system[110]. - The company conducts annual third-party inspections of waste gas, wastewater, and noise to ensure compliance with environmental standards[111]. - The company has established an environmental management ledger and regularly reports pollutant discharge compliance, with all monitoring results in 2021 meeting standards[117]. - The company has developed an emergency response plan for environmental incidents, filed with the local environmental bureau[114]. - The company has established an environmental management system and safety production standardization system, obtaining certifications such as the Environmental Management System Certification and Safety Production Standardization Certificate[129]. Corporate Governance and Shareholder Information - The company held two shareholder meetings during the reporting period, with participation rates of 72.54% and 75.00% respectively[99]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[101]. - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[102]. - The company has not engaged in any major related party transactions during the reporting period[144]. - The total number of shares before the change was 142,133,400, with 76.29% being restricted shares[167]. - The number of shareholders at the end of the reporting period was 22,605, with significant shareholders holding over 5% of the shares[170]. - The largest shareholder, Wu Yalin, holds 40.02% of the shares, totaling 56,875,000 shares[170]. - The second-largest shareholder, Shanghai Fuzhi Investment Co., Ltd., holds 19.35% of the shares, totaling 27,500,000 shares[170]. - The company has not conducted any share repurchase transactions during the reporting period[174]. - There are no special voting rights arrangements among the shareholders[173]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[179]. - The company has not issued any preferred shares during the reporting period[183]. Operational Efficiency and Employee Management - The company has a strong focus on retaining core technical personnel to ensure stable production and operational efficiency[95]. - The company has implemented a robust employee benefits program, including social insurance and additional welfare measures[128]. - The company conducts annual safety training and emergency rescue drills for special operation personnel to ensure compliance and safety[133]. - The company emphasizes safety production, having set up a safety management organization and developed various safety management regulations, including emergency response plans[130]. Legal and Compliance - There are no significant lawsuits or arbitration matters reported during the reporting period[143]. - The company has no major guarantees or non-operating fund occupation by controlling shareholders during the reporting period[137][138].

Financial Performance - The company's operating revenue for Q1 2021 was ¥129,655,759.48, representing a 60.06% increase compared to ¥81,002,108.79 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 was ¥10,641,152.19, up 78.74% from ¥5,953,504.89 in the previous year[8]. - The net cash flow from operating activities reached ¥37,811,386.37, a significant increase of 1,414.22% compared to ¥2,497,091.21 in Q1 2020[8]. - The basic earnings per share for Q1 2021 was ¥0.07, reflecting a 16.67% increase from ¥0.06 in the same period last year[8]. - The company reported a total profit of ¥13,042,865.74, up from ¥7,138,049.33, which is an increase of around 83%[77]. - The total comprehensive income for the current period was ¥10,641,152.19, up from ¥5,953,504.89, reflecting an increase of about 78%[81]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,473,223,180.40, a decrease of 1.39% from ¥1,493,994,955.09 at the end of the previous year[8]. - Total liabilities decreased from ¥624,335,191.94 to ¥592,922,265.06, a decline of about 5.0%[63]. - Current liabilities decreased from ¥582,112,180.15 to ¥550,372,509.43, a reduction of approximately 5.4%[63]. - Owner's equity increased from ¥869,659,763.15 to ¥880,300,915.34, an increase of approximately 1.5%[66]. - Total assets decreased from ¥1,493,994,955.09 to ¥1,473,223,180.40, a decline of approximately 1.4%[66]. Cash Flow - Operating cash inflow for the current period reached ¥153,957,949.21, a 40% increase from ¥109,983,859.70 in the previous period[89]. - Cash inflow from investment activities totaled ¥324,183,667.15, compared to ¥88,029,725.36 in the previous period, marking a substantial increase[92]. - Cash outflow for investment activities was ¥345,222,090.45, leading to a net cash flow from investment activities of -¥21,038,423.30[92]. - Net cash flow from financing activities was -¥59,684,880.95, compared to ¥1,333,163.92 in the previous period, indicating a decline[95]. - The ending balance of cash and cash equivalents was ¥321,908,434.08, a decrease from ¥13,558,879.75 in the previous period[95]. Research and Development - Research and development expenses amounted to 6.08 million yuan, representing a 69.75% increase year-on-year, reflecting the company's commitment to innovation[24]. - The company is currently in the design and development phase for several key technologies aimed at reducing production costs and improving product quality[26]. - The company is focusing on developing new technologies such as a new mold structure and electrical automation technology to improve production efficiency and reduce costs[28]. Operational Efficiency - The company is enhancing its production capabilities by expanding production lines and optimizing manufacturing processes to achieve high-level production and intelligent manufacturing[33]. - The company plans to continue expanding its production capacity to meet increasing customer demand, which is expected to accelerate business growth[24]. - The company is developing automated loading devices for injection molding to improve production efficiency and reduce labor costs[28]. Customer and Supplier Dynamics - The top five suppliers accounted for a procurement amount of 42.78% of the total procurement, amounting to 42.86 million yuan, compared to 43.70% in the previous year with 21.91 million yuan[31]. - The top five customers contributed 47.63% of the total revenue, totaling 61.77 million yuan, down from 51.50% with 41.71 million yuan in the previous year[32]. Financial Management - The company plans to strengthen procurement management and diversify supply channels to mitigate risks associated with raw material price fluctuations[34]. - The company is implementing measures to attract and retain core technical personnel to mitigate the risk of talent loss impacting production and operations[39]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[52]. Investment and Projects - The total amount of raised funds is 382.34 million yuan, with no changes in usage during the reporting period[46]. - The cumulative investment amount in committed projects is 353.48 million yuan, with an investment progress of 67.87% for the automotive parts production line project[46]. - The company has not experienced any significant changes in the feasibility of its investment projects during the reporting period[46]. Regulatory and Compliance - There were no violations regarding external guarantees during the reporting period[51]. - The company has not conducted any research, communication, or interview activities during the reporting period[53]. - The first quarter report was not audited[113].

Financial Performance - The company's operating revenue for 2020 was approximately ¥548.77 million, representing a 5.15% increase compared to ¥521.88 million in 2019[18]. - The net profit attributable to shareholders for 2020 was approximately ¥67.30 million, a 5.64% increase from ¥63.71 million in 2019[18]. - The total assets of the company increased by 32.49% to approximately ¥1.49 billion at the end of 2020, compared to ¥1.13 billion at the end of 2019[18]. - The net assets attributable to shareholders rose by 82.74% to approximately ¥869.66 million at the end of 2020, up from ¥475.90 million at the end of 2019[18]. - The basic earnings per share for 2020 was ¥0.63, reflecting a 5.00% increase from ¥0.60 in 2019[18]. - The weighted average return on equity for 2020 was 13.21%, a decrease of 1.14% from 14.35% in 2019[18]. - The company's total revenue for 2020 was approximately ¥548.77 million, representing a year-on-year increase of 5.15%[63]. - Revenue from the automotive sector accounted for 94.08% of total revenue, amounting to approximately ¥516.28 million, with a year-on-year growth of 4.01%[63]. - The gross profit margin for the automotive sector was 25.40%, showing a slight decrease of 0.52% compared to the previous year[66]. Cash Flow and Investments - The net cash flow from operating activities decreased by 65.29% to approximately ¥39.53 million in 2020, down from ¥113.87 million in 2019[18]. - The cash balance at the end of the year grew by 468.76% compared to the beginning of the year, primarily due to the funds raised from the initial public offering[35]. - The total amount of investment activities cash inflow decreased by 28.41% to ¥294,157,423.89[79]. - The company raised a total of 38,233.94 million in funds from its initial public offering, with a net amount of 32,645.71 million after deducting issuance costs[87]. - The total cash and cash equivalents increased by 958.77% to ¥331,858,587.00, primarily due to the receipt of funds from the initial public offering[79]. Operational Efficiency and Production - The company plans to expand production capacity to meet increasing customer demand and ensure business scale growth[48]. - The company has established a more streamlined integrated production line utilizing advanced technologies such as CNC cutting, stamping, and laser welding[49]. - The company adopted a "sales-driven production" model, aligning production plans with actual orders to optimize efficiency[55]. - The company is enhancing automation levels and cost control measures to improve operational efficiency and profitability[51]. - The company has committed to invest 21,609.53 million in automotive parts and mold production lines, with 57.11% of the investment completed[89]. Market Expansion and Customer Base - The company is actively expanding its product offerings in the new energy vehicle components sector, focusing on lightweight composite structures and advanced manufacturing technologies[28]. - The company has established a strong customer base, supplying major international automotive manufacturers such as Thyssenkrupp and Magna, with products used in vehicles from Tesla and BYD[29]. - The company aims to enhance its international market presence and strengthen its position in the automotive parts industry[30]. - The company reported a significant increase in foreign revenue, which rose by 34.56% year-on-year to approximately ¥56.84 million, indicating successful market expansion[64]. - The company is actively expanding into international markets, with products exported to North America, Europe, South America, and Southeast Asia[42]. Research and Development - Research and development expenses increased by 30.96% to ¥25,993,647.50, accounting for 4.74% of total revenue[76]. - The company aims to enhance its R&D capabilities and production processes to improve its market share and competitiveness in the automotive parts sector[102]. - The company intends to increase R&D investment and strengthen partnerships with well-known domestic universities to enhance its technological capabilities[104]. - The company will accelerate the upgrade of production technology to reach a leading level in the industry, focusing on lean production management and automation[105]. Corporate Governance and Compliance - The company emphasizes corporate governance and has established a robust internal control system to protect shareholder rights[165]. - The company has committed to fulfilling all public commitments made during its initial public offering and is actively accepting social supervision[135]. - The company has committed to not using company assets for unrelated investment or consumption activities[135]. - The company has established a legal commitment to compensate for any losses incurred due to non-compliance with its commitments[133]. - The company has implemented measures to prevent unfair practices that could harm its interests, reinforcing ethical governance[133]. Shareholder Information - The company reported a cash dividend of 0.50 yuan per 10 shares, totaling 7,106,670 yuan, which represents 10.56% of the net profit attributable to shareholders[128]. - The company’s top five customers accounted for 53.87% of its total revenue, indicating a high customer concentration risk[116]. - The total number of ordinary shareholders at the end of the reporting period was 40,486, compared to 26,574 at the end of the previous month[186]. - The largest shareholder, Wu Yalin, holds 40.02% of the shares, totaling 56,875,000 shares[186]. - The company has no preferred shareholders with restored voting rights at the end of the reporting period[186]. Risks and Challenges - The company recognizes the risk of macroeconomic fluctuations affecting the automotive industry, which could lead to reduced orders and inventory buildup[114]. - The company’s raw material costs, primarily steel, significantly impact production costs, and fluctuations in prices pose a risk to profitability[117]. - The company has a high level of accounts receivable, which could affect its financial status if industry trends change or collections are delayed[120].