Company Overview - Huazhong Xinchuan Holdings (Beijing) Co., Ltd. was established in 2013, focusing on automotive smart cockpit electronics, including customized display devices and software system development [2][3]. - The company provides screen customization and software system development services for nearly 300 vehicle models, collaborating with major manufacturers such as Geely, SAIC, BYD, and Xpeng [4]. Business Development - The company has deepened strategic cooperation with Tianma Microelectronics and formed joint ventures with other technology firms to enhance market competitiveness [4]. - In April 2022, the company planned to establish a smart manufacturing factory for vehicle-mounted LCD display modules and smart cockpit display systems in Nantong, Jiangsu, to increase production capacity [4]. Transition to Tier 1 Supplier - The company has transitioned from a Tier 2 to a Tier 1 supplier, recruiting experienced talents in R&D, production, and marketing from well-known Tier 1 companies [4]. - This transition is expected to enhance the company's gross margin due to improved capabilities in the entire manufacturing process, from LCD glass to complex modules [4]. Financial Impact - The impact of panel price fluctuations on profit margins is minimal, as the automotive sector remains stable compared to the consumer electronics market [4]. - The gross margin is anticipated to improve following the upgrade to Tier 1 status, driven by the added value from enhanced manufacturing processes [4].

编号：2022-013 证券代码：300928 证券简称：华安鑫创 华安鑫创控股（北京）股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|------------------------------|------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 | □√ 特定对象调研 | □分析师会议 | | 动类别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他：电话会议 | | | 参与单位名称 | | 泰康基金：程翔；东方基金：俞佳莹；中邮基金：滕飞；天风证券：于特。 | | 及人员姓名 | （以上排名不分先后） | | | 时间 | 2022 年 10 月 12 | 日 | | 地点 | 公司会议室 | | | 上市公司接待 人 ...

证券代码：300928 证券简称：华安鑫创 华安鑫创控股（北京）股份有限公司 投资者关系活动记录表 编号：2022-014 | --- | --- | --- | |--------------|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's revenue for Q3 2022 was ¥235,893,140.64, representing an increase of 8.78% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥14,668,402.15, a decrease of 2.64% year-on-year[5]. - The basic earnings per share for Q3 2022 was ¥0.18, down 5.26% from the previous year[5]. - Total operating revenue for Q3 2022 reached ¥630,798,805.97, an increase of 5.3% compared to ¥596,638,894.75 in Q3 2021[18]. - Operating profit for Q3 2022 was ¥44,074,391.37, compared to ¥39,895,695.72 in Q3 2021, indicating a growth of 5.5%[18]. - The net profit for Q3 2022 was CNY 39,939,851.43, an increase of 3.6% compared to CNY 38,556,064.89 in Q3 2021[19]. - The total comprehensive income for Q3 2022 reached CNY 50,428,380.81, up from CNY 37,766,835.64 in the same period last year, representing a growth of 33.9%[19]. - The company reported a net profit margin improvement, with net profit for the period showing positive trends compared to previous quarters, although specific figures were not disclosed in the provided data[18]. Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥1,356,675,218.03, an increase of 2.81% from the end of the previous year[5]. - Total assets as of September 30, 2022, amounted to ¥1,356,675,218.03, up from ¥1,319,533,821.38 at the beginning of the year, indicating a growth of 2.8%[16]. - Total liabilities decreased slightly to ¥57,694,361.34 from ¥58,931,345.50, a reduction of 2.1%[16]. - The company's equity attributable to shareholders increased to ¥1,295,262,583.94 from ¥1,260,740,110.21, reflecting a growth of 2.7%[16]. - The company's total equity attributable to shareholders increased by 2.74% to ¥1,295,262,583.94 compared to the end of the previous year[5]. Cash Flow - The company reported a net cash flow from operating activities of ¥5,169,773.63 for the first nine months of 2022, a substantial increase of 106.53%[5]. - Operating cash flow for Q3 2022 was CNY 5,169,773.63, a significant improvement from a negative cash flow of CNY -79,184,378.41 in Q3 2021[20]. - Cash and cash equivalents decreased to ¥481,037,282.60 as of September 30, 2022, down from ¥623,409,971.30 at the beginning of the year, representing a decline of 22.8%[16]. - Cash received from investment recoveries surged by 164.04% to CNY 1,175,000,000.00, attributed to the maturity of purchased large bank deposits[9]. - Cash received from investment income increased by 108.04% to CNY 7,309,431.95, driven by higher returns from structured deposits[9]. - The company experienced a net cash outflow from investing activities of CNY -138,423,245.14 in Q3 2022, compared to CNY -81,504,659.51 in Q3 2021[20]. - The total cash inflow from investment activities was CNY 1,213,476,285.08 in Q3 2022, significantly higher than CNY 459,020,078.01 in the same period last year[20]. - The company reported a net cash outflow from financing activities of CNY -12,335,548.19 in Q3 2022, an improvement from CNY -43,171,941.97 in Q3 2021[21]. Expenses - Research and development expenses for the first nine months of 2022 amounted to ¥27,525,879.75, a significant increase of 76.10% compared to the same period in 2021[8]. - Research and development expenses rose significantly to ¥27,525,879.75 in Q3 2022, compared to ¥15,630,732.47 in Q3 2021, reflecting a year-over-year increase of 75.9%[18]. - Total operating costs for Q3 2022 were ¥595,178,426.48, up from ¥563,623,999.59 in the same period last year, reflecting a year-over-year increase of 5.6%[18]. - The company incurred a total operating expense of CNY 736,592,859.35 in Q3 2022, slightly higher than CNY 733,574,103.28 in the previous year[20]. - Employee compensation payments increased by 47.46% to CNY 37,295,639.27, primarily due to an increase in the number of employees[9]. - Cash payments for taxes rose by 66.90% to CNY 18,583,356.97, mainly due to increased VAT payments[9]. Inventory and Receivables - The company's inventory increased by 62.95% to ¥16,067,180.10, reflecting strategic stockpiling in anticipation of higher shipment volumes[8]. - The company experienced a 40.06% decrease in receivables financing, primarily due to the collection of a large number of matured notes during the reporting period[8]. - Accounts receivable increased to ¥432,863,686.76 from ¥386,789,205.21, marking an increase of 11.9%[16]. Government Support and Taxation - The company received government subsidies totaling ¥497,942.67 in Q3 2022, contributing to its non-operating income[6]. - The company received tax refunds of CNY 120,163.26, a decrease of 88.47% compared to CNY 1,042,363.39 in the same period last year[9]. Capital Expenditures - Capital expenditures for fixed assets and intangible assets increased by 322.23% to CNY 32,579,010.83, primarily due to higher payments for machinery and equipment[9]. - Investment cash payments increased by 147.62% to CNY 1,319,320,519.39, mainly for purchasing structured deposits and large bank deposits[9]. Exchange Rate Impact - The impact of exchange rate fluctuations on cash and cash equivalents was significant, with a change of 1,462.14% to CNY 3,216,331.00[9].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥394,905,665.33, representing a 3.98% increase compared to ¥379,775,721.79 in the same period last year[21]. - The net profit attributable to shareholders was ¥25,365,542.20, up 5.45% from ¥24,053,740.43 in the previous year[21]. - The net profit after deducting non-recurring gains and losses increased by 19.80%, reaching ¥21,105,418.00 compared to ¥17,616,576.39 in the prior year[21]. - Basic and diluted earnings per share rose to ¥0.32, reflecting a 6.67% increase from ¥0.30 in the previous year[21]. - The total assets at the end of the reporting period were ¥1,328,039,040.23, a 0.64% increase from ¥1,319,533,821.38 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 1.11%, amounting to ¥1,274,772,242.28 compared to ¥1,260,740,110.21 at the end of the last year[21]. - The weighted average return on net assets was 1.99%, slightly up from 1.93% in the previous year[21]. - The company reported a total comprehensive income of ¥30,314,218.14 for the first half of 2022, compared to ¥22,085,649.19 in the same period of 2021, indicating a 37.4% increase[173]. - The operating profit for the first half of 2022 was ¥28,430,483.40, compared to ¥23,401,791.23 in the first half of 2021, reflecting a growth of 21.5%[172]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥59,122,918.70, a 192.78% increase from a negative cash flow of ¥63,723,585.79 in the same period last year[21]. - The company reported a net increase in cash and cash equivalents of CNY 42,539,398.00 for the first half of 2022, contrasting with a decrease of CNY -194,098,376.13 in the same period of 2021[179]. - Total cash inflow from investment activities reached CNY 891,400,740.56, compared to CNY 208,981,002.00 in the first half of 2021, indicating a substantial increase[179]. - Cash outflow for investment activities was CNY 896,404,320.98, up from CNY 295,834,320.65 in the previous year, resulting in a net cash flow from investment activities of CNY -5,003,580.42[179]. - The company’s cash flow from operating activities showed a positive trend with cash inflow totaling CNY 513,051,576.54, while cash outflow was CNY 453,928,657.84[177]. Research and Development - The company’s R&D investment increased by 76.20% year-on-year, while the net profit attributable to shareholders after deducting non-recurring gains and losses grew by 19.80%[29]. - Research and development expenses increased significantly to ¥18,229,725.67 in the first half of 2022, compared to ¥10,346,329.62 in the first half of 2021, marking a 76.1% rise[172]. - The company has initiated product trials for its Mini LED backlight technology modules and has started R&D on suspended display smart surface technology[29]. - The company has made progress in developing a domestic chip solution for smart cockpit applications, achieving further research results and project implementation[29]. - R&D investment has been increased to enhance innovation capabilities, with new research bases established in Guilin, Huizhou, and Xuzhou[90]. Market and Industry Context - The automotive industry faced significant challenges in the first half of 2022, with passenger car production and sales reaching 10.434 million and 10.355 million units, respectively, representing year-on-year growth of 6.0% and 3.4%[30]. - The penetration rate of new energy vehicles reached 21.6%, with production and sales of 2.661 million and 2.600 million units, respectively, both showing a year-on-year growth of 120%[30]. - The company’s main business remains focused on customized selection of core display devices for automotive smart cockpits, software system development, and sales of supporting components[32]. - The automotive industry is a key driver for the company's performance, with increasing demand for customized cockpit electronic products and services from downstream customers[45]. - The company is actively expanding into the fast-growing new energy vehicle sector to mitigate industry cyclicality risks[88]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - The total number of restricted shares before the change was 60,000,000, which accounted for 75.00% of the total shares, and after the change, it decreased to 36,782,098, representing 45.98%[145]. - The total number of shareholders at the end of the reporting period was 8,320, with no preferred shareholders having voting rights[150]. - The largest shareholder, He Xinyi, held 17,597,754 shares, representing 22.00% of the total shares, with no changes during the reporting period[150]. - The company has committed to not transferring or entrusting the management of its shares for 12 months from the date of listing, with a lock-up period of two years after that[111]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and plans[3]. - The company faces risks related to reliance on the domestic automotive industry, which could impact performance if market conditions decline[88]. - Supplier concentration is high, with the top five suppliers accounting for 92.82% of total procurement, posing a risk to operational stability[93]. - Human resource costs are a significant part of overall expenses, and rising wages could pressure profitability if business growth does not keep pace[94]. Compliance and Governance - The semi-annual financial report has not been audited[119]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[83]. - There were no significant litigation or arbitration matters during the reporting period[121]. - The company has established compliance with legal and regulatory requirements regarding share transfers for directors and senior management[111].

华安鑫创控股（北京）股份有限公司 2022 年第一季度报告全文 华安鑫创控股（北京）股份有限公司 2021 年第一季度报告 2022-031 2022 年 04 月 1 华安鑫创控股（北京）股份有限公司 2022 年第一季度报告全文 证券代码：300928 证券简称：华安鑫创 公告编号：2022-031 华安鑫创控股（北京）股份有限公司 2022 年第一季度报告 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。 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 163,902,837.97 | 129,575,567.96 | 26.49% | | 归属于上市公司股东的净利润（元） | 5,478,793.82 | 4,373,714.81 | 25.27% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 3,479,391.11 | ...

Financial Performance - The company's operating revenue for 2021 was ¥724,960,618.77, a decrease of 19.53% compared to ¥900,870,236.02 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥54,566,280.93, down 22.49% from ¥70,398,942.90 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥35,405,164.24, a decline of 47.66% from ¥67,639,195.52 in 2020[18]. - The net cash flow from operating activities was negative at -¥47,239,420.26, compared to ¥9,985,959.49 in 2020, marking a decrease of 573.06%[18]. - Basic earnings per share for 2021 were ¥0.68, down 41.88% from ¥1.17 in 2020[18]. - Total assets at the end of 2021 were ¥1,319,533,821.38, a decrease of 10.60% from ¥1,475,959,944.32 at the end of 2020[18]. - The company's total equity attributable to shareholders increased by 1.90% to ¥1,260,740,110.21 at the end of 2021, compared to ¥1,237,221,671.32 at the end of 2020[18]. - The company reported a quarterly revenue of ¥250,200,153.83 in Q2 2021, which was the highest among the four quarters[20]. - The company received government subsidies amounting to ¥14,570,507.36 in 2021, significantly higher than ¥3,560,660.74 in 2020[23]. - The company achieved operating revenue of CNY 724.96 million in 2021, a decrease of 19.53% compared to the previous year[58]. - The net profit attributable to shareholders was CNY 54.57 million, down 22.49% year-on-year[58]. - The automotive electronics sector accounted for 93.90% of total revenue, with a revenue of CNY 680.74 million, reflecting a decline of 22.02% from the previous year[66]. Dividend Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 80,000,000 shares[4]. - The company's cash dividend accounted for 100% of the total profit distribution amount[187]. - The total distributable profit for the year was RMB 71,778,858.54[187]. Risk Management - The report emphasizes the importance of risk awareness regarding forward-looking statements and potential risks faced by the company[4]. - The company has no outstanding issues regarding risk management as confirmed by the supervisory board[181]. - The company has effectively prevented operational management risks through the continuous improvement and optimization of its internal control system, aligning with the evolving external environment and internal management requirements[189]. - There were no significant internal control deficiencies identified during the reporting period[190]. - The company has not encountered any environmental protection issues or administrative penalties during the reporting period, maintaining compliance with environmental regulations[196]. Research and Development - The company is focused on the development of intelligent cockpit electronics, which integrate various advanced features for modern vehicles[10]. - The company is committed to innovation in display technologies, including OLED and Mini LED, to meet consumer demands[12]. - R&D investment totaled CNY 21.58 million, representing a year-on-year increase of 30.41%[61]. - The company has expanded its R&D centers in Shanghai and Beijing, and established a secondary talent base in Guilin to support ongoing innovation[61]. - The company has made progress in developing a next-generation AR-HUD system, focusing on multi-scenario fusion algorithms to enhance user experience[83]. - The company is currently developing a next-generation cockpit chip platform, achieving significant progress in addressing the "chip shortage" issue[83]. - The company plans to increase R&D investment in 2022, focusing on integrated design and multi-screen control development for cockpit electronics[125]. Market Position and Strategy - The company operates in the automotive cockpit electronics segment, closely tied to the development of China's automotive industry, particularly domestic brands[28]. - The automotive cockpit electronics industry is expected to maintain a continuous growth trend driven by policy support, technological advancements, and evolving consumer demands[31]. - The company aims to explore business opportunities in the new energy vehicle market, targeting screen product customization and production[126]. - The company intends to broaden and upgrade cooperation channels with downstream clients, striving to connect with major system integrators and automakers[129]. - The company is committed to maintaining a leading position in the automotive cockpit electronics sector by focusing on technological innovation and expanding product offerings[124]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting heads[3]. - All board members attended the meeting to review the annual report, ensuring comprehensive oversight[4]. - The board of directors has approved a budget for potential acquisitions, aiming to enhance technological capabilities and market reach[151]. - The company has established a robust internal audit system to enhance financial transparency and risk management[149]. - The board includes independent directors, ensuring compliance and governance standards are upheld[163]. - The company has a commitment to maintaining transparency and accountability in its operations, as evidenced by the detailed reporting of management changes[160]. Employee and Management Structure - The total number of employees at the end of the reporting period was 170, with 94 technical personnel and 31 sales personnel[182]. - The company has a clear and competitive salary structure, with annual adjustments based on performance evaluations[183]. - The company plans to enhance its training system in 2022, focusing on vocational skills and high-level talent development[184]. - The company has a diverse management team with backgrounds in finance, engineering, and business management, enhancing its operational capabilities[161][162][163]. - The current chairman and general manager, He Pan, has been with the company since its inception in 2013, bringing extensive industry experience[161]. Investment and Financial Management - The company has raised a total of RMB 761 million through its initial public offering, with a net amount of RMB 676 million after deducting issuance costs[107]. - The company has not reported any significant non-equity investments during the reporting period[100]. - The company has generated RMB 10,411,231.05 in interest and investment income from its raised funds[107]. - The total amount of committed investment projects is CNY 55,033.97 million, with a cumulative investment of CNY 7,877.84 million, representing 14.32% of the total[110]. - The company has not undergone any changes in fundraising project situations during the reporting period[116].

Financial Performance - The company's revenue for Q3 2021 was ¥216,863,172.96, representing a year-over-year increase of 13.42%[3] - The net profit attributable to shareholders decreased by 16.74% to ¥15,066,148.82 compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 34.45% to ¥11,730,079.94[3] - Total operating revenue for Q3 2021 was CNY 596,638,894.75, an increase from CNY 586,487,820.13 in the same period last year, representing a growth of approximately 1.96%[22] - Net profit for Q3 2021 was CNY 38,556,064.89, a decrease from CNY 49,231,474.08 in Q3 2020, reflecting a decline of approximately 21.7%[23] - Basic earnings per share for Q3 2021 were CNY 0.49, down from CNY 0.80 in the same quarter last year, showing a decrease of 38.75%[24] - The company reported a total comprehensive income of CNY 37,766,835.64 for Q3 2021, compared to CNY 46,849,119.96 in the same quarter last year, a decrease of approximately 19.5%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,386,672,866.15, a decrease of 6.05% from the end of the previous year[3] - Total liabilities as of the end of Q3 2021 were CNY 140,894,974.91, compared to CNY 231,140,062.22 at the end of the previous year, indicating a decrease of approximately 39.0%[20] - Total assets at the end of Q3 2021 were CNY 1,386,672,866.15, down from CNY 1,475,959,944.32 in the previous year, reflecting a decline of about 6.03%[20] - The company's total current assets as of September 30, 2021, are CNY 1,349,724,988.81, a decrease from CNY 1,409,764,708.14 at the end of 2020[18] Cash Flow - The company reported a significant increase in cash flow from operating activities, with net cash flow of ¥19,553,460.17, up 343.92% year-over-year[9] - Cash generated from operating activities in Q3 2021 was CNY 633,793,901.31, compared to CNY 516,752,319.14 in the previous period, marking an increase of approximately 22.67%[26] - The net cash flow from operating activities was -79,184,378.41 CNY, compared to -92,687,716.88 CNY in the previous year, indicating an improvement[27] - Total cash inflow from investment activities was 459,020,078.01 CNY, while cash outflow was 540,524,737.52 CNY, resulting in a net cash flow of -81,504,659.51 CNY[27] - Cash inflow from financing activities amounted to 68,000,000.00 CNY, with cash outflow totaling 111,171,941.97 CNY, leading to a net cash flow of -43,171,941.97 CNY[28] - The ending balance of cash and cash equivalents was 580,134,146.86 CNY, down from 784,231,250.75 CNY at the beginning of the period[28] Shareholder Information - The total number of shareholders for common stock is 10, with the top 10 shareholders holding a combined 78.52% of the shares[12] - The largest shareholder, He Xinyi, holds 22.00% of the shares, amounting to 17,597,754 shares[12] - The top 10 unrestricted shareholders include Yu Ming with 423,610 shares and Shao Shixia with 205,793 shares[12] - The company has a total of 60,000,000 restricted shares, with no new restricted shares added during the reporting period[15] - The total number of restricted shares held by He Xinyi and other major shareholders will be released on specific dates in 2022 and 2024[15] Research and Development - Research and development expenses increased by 36.86% to ¥15,630,732.47 due to higher personnel costs and material investments[9] - Research and development expenses for Q3 2021 were CNY 15,630,732.47, up from CNY 11,420,598.58 in Q3 2020, representing an increase of about 37.0%[23] Other Information - The company received government subsidies totaling ¥2,913,007.99, a decrease of 41.54% compared to the previous year[9] - The company disposed of subsidiary equity, resulting in a gain of ¥8,090,437.64 from investment income[9] - The cash received from the disposal of fixed assets increased by 18,983.80% due to the sale of vehicles and other fixed assets[9] - The company did not require adjustments to the initial balance sheet items due to the new leasing standards, as it only has short-term leasing operations[29] - The third-quarter report was not audited, indicating that the financial results are preliminary[30]

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2021, representing a year-on-year increase of 25% compared to the same period in 2020[14]. - The net profit attributable to shareholders for the first half of 2021 was RMB 50 million, up 15% from the previous year[14]. - The company's operating revenue for the reporting period was CNY 379,775,721.79, a decrease of 3.92% compared to the same period last year[20]. - The net profit attributable to shareholders was CNY 24,053,740.43, down 19.90% year-on-year, primarily due to reduced acceptance income from high-margin software system development[20]. - The company's revenue for the reporting period was approximately ¥379.78 million, a decrease of 3.92% compared to the previous year[56]. - The company reported a significant cash flow from operating activities of -¥63.72 million, a decrease of 303.31% compared to the previous year, primarily due to increased procurement payments[56]. - The company reported a total owner's equity of 1,244,819,882.10 RMB at the end of the first half of 2021, an increase from 533,305,755.09 RMB at the end of the first half of 2020[168]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2022[14]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[14]. - The company aims to expand its market share by focusing on the rapidly growing new energy vehicle sector and exploring opportunities in related fields such as vehicle networking and consumer electronics[85]. Research and Development - The company has allocated RMB 20 million for research and development in new technologies for the upcoming fiscal year[14]. - The company holds 4 invention patents, 21 utility model patents, 3 design patents, and 94 software copyrights, showcasing its strong R&D capabilities[50]. - The company has established a comprehensive R&D process to minimize risks associated with new product development and to keep pace with industry technology trends[86]. - The company's R&D investment increased by 29.67% to approximately ¥10.35 million, reflecting a focus on enhancing software and core component development[56]. Operational Challenges - The company faces risks related to supply chain disruptions and has outlined strategies to mitigate these risks in its management discussion[4]. - The automotive industry is experiencing a stable recovery, but challenges such as chip shortages and rising raw material prices continue to exert pressure on production costs[42]. Shareholder Information - No cash dividends will be distributed to shareholders for the current fiscal year, as the company focuses on reinvestment[5]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[95]. - The company distributed dividends totaling 24,000,000.00 RMB during the first half of 2021, compared to 30,151,838.03 RMB in the same period of 2020[167]. Financial Position - The total assets at the end of the reporting period were CNY 1,337,830,677.30, a decrease of 9.36% from the end of the previous year[20]. - The company's cash and cash equivalents decreased by 9.02% to approximately ¥590.13 million, primarily due to payments for supplier debts and issuance costs[62]. - The company's total liabilities were CNY 94,925,146.01, down from CNY 231,140,062.22, indicating a decrease of approximately 58.91%[148]. Corporate Governance - The financial report was approved by the board of directors on August 19, 2021, and includes 12 subsidiaries, with ownership stakes ranging from 51% to 100%[193]. - The company has assessed its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[195]. - The semi-annual financial report was not audited[144]. Industry Trends - The penetration rate of new energy vehicles increased from 5.4% at the beginning of the year to 9.4% in the first half of 2021, with over 1 million pure electric vehicles sold[45]. - The market for automotive cockpit electronics is expected to continue growing, driven by increasing consumer demand for high-quality and intelligent products[46]. - The automotive cockpit electronics market is characterized by rapid development, with increasing functionality and technology upgrades driving demand[46].

Financial Performance - The company's revenue for Q1 2021 was CNY 129,575,567.96, representing a 20.61% increase compared to CNY 107,433,562.93 in the same period last year[7] - Net profit attributable to shareholders reached CNY 4,373,714.81, a significant increase of 1,182.56% from CNY 341,015.20 in the previous year[7] - Basic earnings per share rose to CNY 0.05, marking a 400.00% increase from CNY 0.01 in the same quarter last year[7] - In Q1 2021, the company achieved operating revenue of CNY 129.58 million, a year-on-year increase of 20.61%[19] - The net profit attributable to shareholders in Q1 2021 was CNY 4.37 million, representing a significant year-on-year growth of 1,182.56%[19] - The total profit for Q1 2021 was CNY 4,970,637.96, compared to CNY 674,461.67 in the same period last year, showing a strong growth trajectory[49] - The comprehensive income attributable to the parent company's owners totaled CNY 4,842,559.41, up from CNY 1,876,027.01 in the prior period[50] Cash Flow and Assets - The net cash flow from operating activities was CNY -105,695,026.35, worsening by 106.48% compared to CNY -51,188,957.76 in the previous year[7] - The company's cash and cash equivalents decreased to CNY 618,319,008.76 from CNY 784,231,250.75, reflecting a reduction of about 21.14%[39] - The cash inflow from operating activities was CNY 192,327,092.34, significantly higher than CNY 126,892,928.25 in the previous period[56] - The cash outflow from investing activities was 90,843,365.44 CNY, significantly higher than 3,424,469.61 CNY in the previous period, marking an increase of approximately 2,550%[57] - Total cash and cash equivalents at the end of the period were 618,319,008.76 CNY, down from 784,231,250.75 CNY at the beginning of the period, reflecting a decrease of about 21.1%[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,371,760,851.95, a decrease of 7.06% from CNY 1,475,959,944.32 at the end of the previous year[7] - The total equity attributable to shareholders of the parent company was CNY 1,242,064,230.73, slightly up from CNY 1,237,221,671.32[42] - The total non-current liabilities were reported at CNY 833,333.32, down from CNY 874,999.99[45] - Accounts receivable decreased to CNY 505,813,441.44 from CNY 587,424,058.72, indicating a decline of approximately 13.93%[39] Research and Development - Research and development expenses increased to CNY 6,383,645.33 from CNY 5,505,367.49 year-over-year[48] - Research and development expenses for Q1 2021 amounted to CNY 4,198,785.77, compared to CNY 2,727,333.75 in the previous year, indicating increased investment in innovation[52] Customer and Supplier Concentration - The company faces risks from high customer concentration, as a significant portion of revenue is dependent on a few key clients[24] - The company is exposed to risks from high supplier concentration, which could impact production if major suppliers fail to meet demands[25] - The top five customers contributed CNY 76.60 million in sales, representing 59.12% of total operating revenue[20] - The procurement amount from the top five suppliers represented 89.11% of the total procurement, with the largest supplier accounting for 61.16%[25] Government Support and Investments - The company received government subsidies amounting to CNY 3,040,022.66 during the reporting period[8] - The total amount raised from the initial public offering was RMB 67,603.87 million, with RMB 4,290.37 million invested in the current quarter[30] - The company has not changed the use of raised funds, with 0% of the total amount being redirected[30] Future Outlook and Risks - The company faces risks related to dependence on the domestic automotive industry, which may impact future performance if market conditions decline[21] - Continuous innovation and R&D capabilities are critical for the company to meet evolving customer demands and maintain market competitiveness[22] - The company plans to focus on market expansion and new product development in the upcoming quarters[48]