Financial Performance - The company's operating revenue for the first half of 2022 was ¥322,153,125.01, representing a 13.97% increase compared to ¥282,656,192.27 in the same period last year[39]. - The net profit attributable to shareholders of the listed company was ¥66,700,292.00, an increase of 8.80% from ¥61,305,439.24 in the previous year[39]. - The net cash flow from operating activities reached ¥64,907,579.88, showing a significant increase of 115.91% compared to ¥30,062,785.03 in the same period last year[39]. - Total assets at the end of the reporting period were ¥1,008,679,074.95, which is a 6.77% increase from ¥944,721,589.73 at the end of the previous year[39]. - The net assets attributable to shareholders of the listed company were ¥834,453,556.79, reflecting a 6.11% increase from ¥786,396,858.23 at the end of the previous year[39]. - The basic earnings per share decreased by 9.78% to ¥0.83 from ¥0.92 in the same period last year[39]. - The diluted earnings per share also decreased by 9.78% to ¥0.83 from ¥0.92 in the previous year[39]. - The weighted average return on net assets was 8.16%, down 4.92% from 13.08% in the same period last year[39]. - The operating cost increased by 21.57% to ¥219,402,033.45 from ¥180,478,363.52, leading to a gross profit margin of 31.47%[86]. - Research and development expenses rose by 33.35% to ¥11,321,018.04, primarily due to increased costs in materials, labor, and development[86]. Revenue Breakdown - The company reported a revenue of 175.42 million yuan from cleaning pumps and systems in the first half of 2022, representing a year-on-year growth of 2.52%[53]. - The revenue from the thermal management system business unit reached 20.78 million yuan in the first half of 2022, showing a significant year-on-year increase of 40.53%[56]. - The electric motor business unit generated revenue of 113.33 million yuan in the first half of 2022, reflecting a year-on-year growth of 33.66%[58]. - The company's revenue from components for new energy vehicles amounted to 77.42 million yuan, accounting for 24.22% of the total revenue from main business activities in the first half of 2022[59]. Government Support and Non-Recurring Items - The company received government subsidies totaling 6.34 million yuan, which were included in the current period's profit and loss[42]. - The total non-recurring gains and losses amounted to 10.24 million yuan after accounting for tax effects and minority interests[46]. Operational Strategy and Risks - The company faces various operational risks and has outlined corresponding measures to address them[4]. - The company employs a "make-to-order" production model, integrating sales orders, production plans, and inventory management through an ERP system to optimize production efficiency and minimize inventory costs[61]. - The company has established stable partnerships with major automotive manufacturers and global suppliers, enhancing its market position and customer resource advantages[65][66]. - The company is focusing on expanding its product offerings in the electric motor and fluid technology sectors to align with the trends of electrification and automation in the automotive industry[58]. - The company faced risks related to the transformation of the automotive industry, including supply chain disruptions and increased competition in the electric vehicle market[121]. - The company plans to enhance its product structure and accelerate the industrialization of new products to mitigate risks from economic fluctuations[122]. - The company experienced significant cost pressures due to high prices of raw materials, which could impact future operating performance[123]. - The company has a high customer concentration risk, and it aims to diversify its customer base by developing new clients and applications[124]. Production and Quality Management - The company has developed fully automated production lines for motors, nozzles, and pumps, enhancing production efficiency and reducing complexity through intelligent design and integration[69][72]. - The company’s automated production lines utilize advanced technologies such as high-definition imaging systems and robotic arms, significantly improving production accuracy and reliability[72]. - The company has a comprehensive production management system that includes standardized operating procedures to reduce defect rates and enhance safety[61]. - The company adheres to IATF-16949 quality control standards, establishing a multi-layered quality management system to ensure comprehensive quality oversight[83]. - The company has implemented comprehensive quality management practices to mitigate risks associated with product quality and warranty claims[130]. Research and Development - The company has developed a new harmonic magnetic field motor technology, which is currently in the patent application process, promising higher power density and reduced material costs[59]. - The company has established a strong R&D team with solid expertise and industry experience, enabling synchronous development with clients and optimizing product design to reduce development time and costs[74]. - The R&D team continuously seeks to optimize product performance and cost through precise design and extensive testing, addressing technical challenges effectively[81]. Environmental and Social Responsibility - The company has established an environmental management system compliant with ISO14001:2015 standards and has passed certification[147]. - There were no significant environmental penalties or violations reported during the reporting period[148]. - The company is committed to green and low-carbon development, aligning with national strategies for carbon reduction and clean energy[150]. Shareholder Information - The total number of shares is 80,000,000, with 75% held by domestic non-state-owned legal entities[187][190]. - The largest shareholder, Ningbo Hengshuai Investment Management Co., Ltd., holds 53.59% of the shares, followed by Yu Guomei with 17.86%[191]. - The top ten unrestricted shareholders include China Merchants Bank Co., Ltd. with 1,311,170 shares, accounting for 1.64%[199]. - The total number of unrestricted shares held by the top ten shareholders is significant, indicating strong institutional support[199]. Corporate Governance - The company has not engaged in any major litigation or arbitration matters during the reporting period[160]. - The company has not experienced any changes in its board of directors or senior management during the reporting period[140]. - There were no related party transactions during the reporting period, including asset or equity acquisitions, joint investments, or significant contracts[164][165][166][167][168][169][172].

Financial Performance - The company reported a total revenue of 800 million RMB for the year 2021, representing a year-on-year increase of 15% compared to 2020[24]. - The net profit attributable to shareholders was 120 million RMB, which is an increase of 20% from the previous year[24]. - The company's operating revenue for 2021 was ¥584,449,548.46, representing a 71.33% increase compared to ¥341,122,318.62 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥115,596,634.10, up 74.21% from ¥66,355,181.16 in 2020[31]. - The net profit after deducting non-recurring gains and losses was ¥103,131,854.64, a 68.02% increase from ¥61,379,018.64 in 2020[31]. - The total assets of the company reached 1.5 billion RMB, reflecting a growth of 12% compared to the previous year[24]. - The basic earnings per share for 2021 was ¥1.58, reflecting a 42.34% increase from ¥1.11 in 2020[31]. - The gross profit margin for the automotive parts segment was 33.97%, reflecting a decrease of 4.42% compared to the previous year[89]. - The company achieved a total revenue of CNY 584.45 million in 2021, which is a year-on-year growth of 71.33%[58]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% growth compared to the previous year[200]. Dividend and Cash Flow - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares, totaling 8 million RMB for all shareholders[7]. - The company reported a net cash flow from operating activities of ¥67,655,570.19, a decrease of 13.84% compared to ¥78,524,441.10 in 2020[31]. - The cash inflow from operating activities totaled ¥555,448,791.02, a 65.47% increase compared to the previous year[109]. - The net cash flow from operating activities decreased by 13.84% to ¥67,655,570.19[109]. - Cash outflow from operating activities increased by 89.69% primarily due to higher raw material purchases and employee compensation[112]. Market and User Growth - User data indicates a growth in customer base by 25%, reaching 1 million active users by the end of 2021[24]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[200]. - User data showed a 15% increase in active users, reaching 2 million by the end of the fiscal year[200]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[200]. Research and Development - Investment in R&D increased by 30% in 2021, focusing on new technologies and product innovation[24]. - The company aims to enhance its technological advantages and core competitiveness through increased R&D efforts and automation improvements[47]. - Research and development investments have increased by 30%, focusing on advanced manufacturing technologies[200]. - The company has invested continuously in technology research and innovation, developing a strong R&D team with extensive industry experience and knowledge[73]. Production and Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in production costs by 2022[7]. - The production volume of automotive components in 2021 was 53,219,451 units, an increase of 47.70% compared to the previous year[58]. - The company has begun mass production of cooling manifold products in the thermal management system sector, generating revenue of CNY 35.20 million in 2021[50]. - The company has developed fully automated production lines for motors, nozzles, and pumps, enhancing production efficiency and reducing maintenance costs[71]. - The company aims to reduce operational costs by 15% through efficiency improvements and automation[200]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[7]. - A strategic acquisition of a local competitor is anticipated to enhance the company's product offerings and increase market penetration[200]. - The company has established stable partnerships with major automotive manufacturers, including GAC Honda and Dongfeng Nissan, enhancing its market position[55]. - The company has established four major business units: motor technology, electric module business, driving vision cleaning system business, and thermal management system business, focusing on continuous technical development in areas such as harmonic brushless motors and EMC performance[142]. Risks and Challenges - The company faces risks related to the automotive industry's transformation, including supply chain disruptions and market demand fluctuations, which could adversely affect sales volume and pricing of its products[148]. - The company is exposed to raw material price volatility risks, particularly for metals, rubber, plastics, and electronic components, which could impact its operating performance if prices remain high[149]. - The company has a high customer concentration risk, as a decline in demand from major clients could negatively affect its business, prompting efforts to diversify its customer base[150]. Governance and Management - The company has established a comprehensive internal control system and management processes to adapt to its growing scale[156]. - The board consists of 5 members, including 2 independent directors, ensuring compliance with legal and regulatory requirements[167]. - The company actively engages in investor relations and maintains transparency in its operations and governance practices[165]. - The company has a diverse management team with backgrounds in finance, law, and engineering, enhancing its governance structure[192][196].

Revenue and Profit - Revenue for Q1 2022 was CNY 163,701,938.38, an increase of 20.78% compared to CNY 135,542,767.92 in the same period last year[3] - Net profit attributable to shareholders was CNY 31,789,573.32, up 10.02% from CNY 28,894,396.68 year-on-year[3] - Total operating revenue for the first quarter was CNY 163,701,938.38, an increase of 20.8% compared to CNY 135,542,767.92 in the previous year[27] - Net profit for the period reached CNY 31,789,573.32, representing a 10.3% increase from CNY 28,894,396.68 in the same period last year[30] - The company reported a total profit of CNY 36,950,082.91, which is an increase from CNY 33,514,427.45 in the previous year[30] Cash Flow - Operating cash flow net amount surged by 884.69% to CNY 41,495,119.29 from CNY 4,214,010.45 in the previous year[3] - The cash inflow from operating activities for the current period was ¥186,595,083.47, an increase of 55% compared to ¥120,319,100.11 in the previous period[34] - The net cash flow from operating activities was ¥41,495,119.29, significantly up from ¥4,214,010.45 in the previous period[34] - The cash inflow from investment activities totaled ¥406,710,409.75, compared to ¥71,167,731.81 in the previous period, marking a substantial increase[37] - The cash outflow from operating activities totaled ¥145,099,964.18, an increase from ¥116,105,089.66 in the previous period[34] Assets and Liabilities - Total assets increased by 3.83% to CNY 980,943,323.65 from CNY 944,721,589.73 at the end of the previous year[3] - The company's current assets totaled RMB 688,282,562.57, compared to RMB 676,538,013.90 at the start of the year, reflecting a growth of approximately 1.1%[20] - The total liabilities increased to CNY 162,870,605.17 from CNY 158,324,731.50, reflecting a growth of 3.2%[27] - The total liabilities include accounts payable of RMB 79,216,489.68, up from RMB 75,981,301.15, showing an increase of about 3.1%[20] - The non-current assets totaled RMB 292,660,761.08, an increase from RMB 268,183,575.83, reflecting a growth of approximately 9.1%[20] Expenses - Total operating costs amounted to CNY 130,782,829.80, up from CNY 101,576,869.94, reflecting a year-over-year increase of 28.7%[27] - Management expenses increased by 37.63% to CNY 9,448,741.83, attributed to higher employee salaries and equipment maintenance costs[9] - Research and development expenses were CNY 4,743,201.43, compared to CNY 3,943,041.16, indicating a year-over-year increase of 20.3%[27] Equity and Returns - The company's weighted average return on equity decreased to 3.96%, down 4.77% from 8.73% in the same period last year[3] - Total equity attributable to shareholders reached CNY 818,072,718.48, up from CNY 786,396,858.23, marking a 4.0% increase[27] - Earnings per share (basic and diluted) were both CNY 0.40, down from CNY 0.48 in the previous year[33] Other Income and Investments - Investment income grew by 153.06% to CNY 5,991,827.48, mainly due to the redemption of financial products[9] - The company reported a significant increase in government subsidies, with other income rising by 603.63% to CNY 952,103.30[9] - The company received cash from investment income amounting to ¥6,317,890.34, compared to ¥2,367,731.81 in the previous period[34] Inventory and Receivables - The number of accounts receivable increased by 54.07% to CNY 1,126,920.68, primarily due to increased usage of receivables[6] - The company's inventory increased to RMB 98,314,722.00 from RMB 95,643,716.46, representing a rise of approximately 2.8%[20] - The company's receivables from accounts decreased to RMB 131,459,530.12 from RMB 149,399,369.02, a decline of about 12%[17] - Prepayments rose by 80.21% to CNY 11,098,242.75, mainly due to increased payments for materials and technical development[6]

证券代码：300969 证券简称：恒帅股份 公告编号：2021-042 宁波恒帅股份有限公司 关于参加"宁波辖区 2021 年度上市公司投资者网上集体接待日 活动"的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 为推动宁波辖区上市公司进一步做好投资者关系管理工作，加强与广大投资 者的沟通与交流，切实提高上市公司透明度和治理水平，宁波证监局与宁波上市 公司协会、深圳市全景网络有限公司联合举办"宁波辖区 2021 年度上市公司投 资者网上集体接待日活动"。活动于 2021 年 11 月 18 日下午 15:00-17:00 举行， 平台登陆地址为：http://rs.p5w.net/。 届时，公司高管人员将参加本次活动，通过网络在线交流形式，就公司治理、 发展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行"一对 多"形式的沟通与交流。欢迎广大投资者踊跃参与！ 特此公告。 宁波恒帅股份有限公司董事会 2021 年 11 月 10 日 ...

Financial Performance - The company's revenue for Q3 2021 reached ¥140,663,503.52, representing a 66.06% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥29,136,512.97, an increase of 87.73% year-on-year[3] - The net profit excluding non-recurring gains and losses was ¥25,325,462.88, up 69.13% from the previous year[3] - The operating income for the first nine months of 2021 was ¥423,319,695.79, a significant increase of 98.31% year-on-year[9] - Total operating revenue for the third quarter reached ¥423,319,695.79, a significant increase of 98.1% compared to ¥213,458,676.01 in the same period last year[33] - Operating profit for the period was ¥101,249,530.24, compared to ¥46,001,600.37 in the previous year, reflecting a growth of 119.9%[33] - The net profit for the current period is 90,441,952.21 CNY, a significant increase from 41,923,842.39 CNY in the previous period, representing a growth of approximately 115.0%[36] - The total comprehensive income for the current period is 90,168,087.04 CNY, compared to 41,549,232.05 CNY in the previous period, indicating an increase of about 117.0%[36] - Basic earnings per share for the current period is 1.27 CNY, up from 0.70 CNY in the previous period, reflecting an increase of approximately 81.4%[39] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥887,962,326.54, a 100.95% increase from the end of the previous year[3] - The total assets of the company increased to ¥887,962,326.54, up from ¥441,878,892.63, representing a growth of 100.7%[29] - Total liabilities stood at ¥126,235,323.15, slightly up from ¥125,266,187.05, indicating a marginal increase of 0.8%[29] - The company's equity attributable to shareholders increased by 140.59% to ¥761,727,003.39 compared to the end of the previous year[5] - The company's equity attributable to shareholders reached ¥761,727,003.39, a substantial rise from ¥316,612,705.58, marking an increase of 140.3%[29] Cash Flow - The company's cash flow from operating activities for the first nine months was ¥34,212,832.49, reflecting a decrease of 31.13% compared to the previous year[3] - Net cash flow from operating activities decreased by 31.13% to ¥34,212,832.49, primarily due to increased inventory and accounts receivable[13] - Cash inflow from operating activities is 419,722,795.39 CNY, compared to 232,621,284.47 CNY in the previous period, marking an increase of about 80.2%[39] - Cash outflow from operating activities totals 385,509,962.90 CNY, up from 182,947,011.39 CNY in the previous period, which is an increase of approximately 110.5%[39] - The net cash flow from investing activities is -417,329,897.55 CNY, compared to -54,139,962.81 CNY in the previous period, indicating a decline in cash flow of about 671.0%[41] - Cash inflow from financing activities is 387,800,000.00 CNY, while cash outflow totals 20,000,000.00 CNY, resulting in a net cash flow from financing activities of 367,800,000.00 CNY[41] Research and Development - Research and development expenses for the first nine months were ¥12,941,834.82, a 49.53% increase year-on-year due to rising material and labor costs[9] - Research and development expenses for the quarter were ¥12,941,834.82, compared to ¥8,654,725.26 in the previous year, reflecting a growth of 49.5%[33] Inventory and Receivables - The company reported a 44.40% increase in inventory, reaching ¥90,441,003.94, driven by increased order demand[9] - Accounts receivable increased to ¥120,061,775.77 from ¥85,609,794.12, indicating a rise in credit sales[22] - Inventory levels rose to ¥90,441,003.94, up from ¥62,630,310.53, reflecting increased stock levels[22] Shareholder Information - The largest shareholder, Ningbo Hengshuai Investment Management Co., Ltd., holds 53.59% of shares, followed by Yu Guomei with 17.86%[14] Investment Income - Investment income increased to ¥3,628,597.95, a growth of 507.71% due to higher returns from financial products[12] - Fair value changes in investment income rose to ¥2,167,639.49, up 111.98% attributed to increased returns from financial products not yet due[12]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥282,656,192.27, representing a 119.54% increase compared to ¥128,750,706.23 in the same period last year[28]. - The net profit attributable to shareholders of the listed company reached ¥61,305,439.24, up 132.18% from ¥26,403,730.53 in the previous year[28]. - The net profit after deducting non-recurring gains and losses was ¥56,841,070.64, reflecting a 151.59% increase compared to ¥22,592,561.99 in the same period last year[28]. - The basic earnings per share increased to ¥0.92, a 109.09% rise from ¥0.44 in the previous year[28]. - Total assets at the end of the reporting period were ¥861,253,628.51, a 94.91% increase from ¥441,878,892.63 at the end of the previous year[28]. - The net assets attributable to shareholders of the listed company were ¥732,476,313.65, up 131.35% from ¥316,612,705.58 at the end of the previous year[28]. - The net cash flow from operating activities was ¥30,062,785.03, down 30.10% from ¥43,006,660.73 in the same period last year[28]. - The weighted average return on equity was 13.08%, an increase of 3.10% compared to 9.98% in the previous year[28]. Revenue Breakdown - The company's revenue from fluid technology products, including cleaning pumps and systems, reached 171.11 million CNY in the first half of 2021, representing a year-on-year growth of 74.79%[39]. - Revenue from the newly developed cooling manifold product in the thermal management system reached 14.79 million CNY in the first half of 2021, showing rapid growth[42]. - Revenue from micro motor technology products, including trunk and side door motors, fan motors, and ABS motors, amounted to 84.79 million CNY in the first half of 2021, with a year-on-year increase of 220.34%[43]. - The revenue from components for new energy vehicles was 53.20 million CNY, accounting for 19.19% of the total main business revenue in the first half of 2021, indicating significant growth[44]. Investment and R&D - The company has invested continuously in technology research and innovation, developing a strong R&D team with solid expertise and industry experience[57]. - The company possesses advanced product R&D capabilities, integrating knowledge from multiple disciplines to optimize product performance and reduce costs[56]. - Research and development expenses rose by 54.91% to ¥8,489,772.90, up from ¥5,480,587.58, attributed to increased costs for materials, molds, and labor[69]. - The R&D team is equipped to provide targeted technical solutions quickly, addressing challenges in product application and improving product and process understanding[62]. Market Position and Strategy - The company has established stable partnerships with major automotive manufacturers and global suppliers, enhancing its market position[46]. - The company is actively developing products in the thermal management system field, aligning with the trend of electrification in the automotive industry[42]. - The company has begun bulk supply to North American new energy vehicle manufacturers, indicating market expansion efforts[39]. - The company employs an "order-driven" production model to optimize production efficiency and reduce costs[45]. - The company has implemented a platform-based and standardized product strategy, improving production efficiency and reducing costs[52]. Risk Factors - The company faced risks which are detailed in the report, including potential market fluctuations and operational challenges[6]. - The company faces risks from macroeconomic fluctuations and domestic industrial policies that could negatively impact sales volume and pricing of its products[105]. - To mitigate risks from raw material price volatility, the company signs framework agreements with key suppliers for long-term procurement to secure price advantages[106]. - The company has a high customer concentration, and any decline in demand from major clients could adversely affect its business[106]. - The company is exposed to international trade friction and policy changes in key export markets, which could affect its operational performance[111]. Environmental and Compliance - The company has established an environmental management system compliant with ISO14001:2015 standards and has received certification from SGS[127]. - During the reporting period, the company did not face any administrative penalties related to environmental issues[132]. - The company has implemented measures to ensure stable emissions of pollutants and total control requirements, with no significant impact on the surrounding environment from construction projects[127]. - The company has maintained compliance with national and local environmental regulations, regularly monitoring pollutant emissions and noise levels[131]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,785, with the largest shareholder, Ningbo Hengshuai Investment Management Co., Ltd., holding 53.59% of the shares[176]. - The company completed its initial public offering (IPO) of 20 million shares at a price of 20.68 RMB per share, increasing total shares from 60 million to 80 million[171]. - After the share issuance, the basic and diluted earnings per share decreased from 1.11 RMB to 0.92 RMB, while the net asset value per share increased from 5.28 RMB to 9.16 RMB[171]. - The shareholding structure shows a concentration of ownership, with the top three shareholders holding over 75% of the total shares[176].

Financial Performance - The company's operating revenue for 2020 was ¥341,122,318.62, representing a 3.06% increase compared to ¥330,985,178.79 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥66,355,181.16, a 1.73% increase from ¥65,228,201.69 in 2019[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 2.42% to ¥61,379,018.64 in 2020 from ¥62,898,264.81 in 2019[23]. - The total assets at the end of 2020 were ¥441,878,892.63, a significant increase of 32.39% from ¥333,758,877.35 at the end of 2019[23]. - The net assets attributable to shareholders increased by 26.00% to ¥316,612,705.58 at the end of 2020 from ¥251,279,375.06 at the end of 2019[23]. - The company's cash flow from operating activities for 2020 was ¥78,524,441.10, down 8.26% from ¥85,597,670.96 in 2019[23]. - The company reported a basic earnings per share of ¥1.11 for 2020, up 1.83% from ¥1.09 in 2019[23]. - The company's main business revenue for 2020 was CNY 338,179,480.02, an increase of 4.05% compared to CNY 325,015,230.73 in 2019[80]. - The net profit attributable to shareholders for 2020 was CNY 6,635.52 million, up 1.73% from CNY 6,522.82 million in the previous year[67]. - The gross profit margin for automotive parts was 38.39%, a decrease of 0.44% compared to the previous year[80]. Dividend Distribution - The company reported a profit distribution plan of 2.5 RMB per 10 shares (including tax) based on a base of 80,000,000 shares, with no bonus shares issued[7]. - The total distributable profit for the company as of December 31, 2020, is RMB 104,602,344.94, with a net profit of RMB 67,457,130.92 for the year[138]. - The cash dividend represents 30.14% of the net profit attributable to ordinary shareholders for the year 2020[139]. - The company did not distribute dividends in 2018 and 2019, marking 2020 as the first year of cash dividends[139]. - The cash dividend payout ratio for 2020 is 100% of the total profit distribution[138]. - The company has no plans for stock bonuses or capital reserve transfers in the current dividend proposal[138]. - The remaining undistributed profits will be carried forward to future years[138]. - The company’s retained earnings at the beginning of 2020 were RMB 46,506,283.14[138]. - The statutory surplus reserve of RMB 6,745,713.09 was deducted from the net profit for the year before calculating distributable profits[138]. - The dividend proposal is subject to approval at the company's shareholders' meeting[138]. Research and Development - The company aims to become a global leader in automotive micro-motor technology solutions, focusing on the development of micro-motor technology products and fluid technology products[36]. - The company has a comprehensive R&D design and production technology system based on micro-motor technology, enabling rapid and efficient product development[50]. - The company's R&D capabilities allow for the design of lower noise, higher efficiency, and lighter products tailored to customer needs[52]. - The company has invested continuously in technology research and innovation, developing a strong R&D team with extensive industry experience, enhancing its ability to conduct synchronous product development with clients[53]. - The company plans to focus on the development of micro motors for automotive applications and related systems, enhancing its technological capabilities[112]. - The company is committed to continuous R&D investment to innovate and adapt to market demands in the automotive micro motor sector[113]. - The company is actively developing new applications for automotive micro motors, including "electronic circulation pumps, valves, and manifolds" for new energy vehicle thermal management systems[114]. - The company plans to increase investment in R&D facilities, equipment, and software to enhance its intelligent manufacturing system and improve synchronous development capabilities with customers[117]. - The company will strengthen its talent team and corporate culture to build a technical R&D talent pool aligned with market development directions[119]. Operational Efficiency - The company implements a platform-based and standardized product strategy, which has improved production efficiency and reduced costs[46]. - The company has developed fully automated production lines, enhancing production efficiency and reducing maintenance costs through advanced integration of various technologies[48]. - The company has achieved a high level of automation in its production lines, significantly reducing labor costs and improving production efficiency[62]. - The company has developed strong capabilities in mold design and development, which directly impacts product quality and efficiency, allowing for rapid response to diverse customer needs[55]. - Advanced CAD and mold flow analysis technologies are utilized in the mold design process, improving production capabilities and material efficiency[56]. - The company has implemented a vertical integration strategy, increasing the self-manufacturing rate of core components, which enhances control over supply chains and reduces procurement costs[61]. - The company has established stable partnerships with major global automotive parts suppliers, enhancing its competitive edge and market presence[42]. - The company has a strong talent team with multidisciplinary knowledge, enabling precise product design and effective problem-solving in product applications[60]. Market and Sales - The company has maintained its direct sales model, primarily serving major automotive manufacturers as a first-tier supplier[75]. - The total sales revenue for cleaning pumps reached ¥142,652,598.69, showing a year-on-year increase of 33.76%[82]. - The total revenue from domestic sales was ¥174,262,987.22, with a growth rate of 41.11% year-on-year[82]. - The total revenue from overseas sales was ¥163,916,492.80, reflecting a year-on-year increase of 35.49%[82]. - The production volume of automotive parts in 2020 was 36,033,220 units, representing a year-on-year increase of 6.20% from 33,930,693 units[71]. - The sales volume of automotive parts reached 35,119,078 units, a 5.44% increase compared to 33,306,616 units in the previous year[71]. Risks and Commitments - The company faces risks from cyclical fluctuations in the automotive industry, which could impact sales volume and pricing of its products[120]. - The company is exposed to raw material price volatility risks, which could significantly affect product costs and operating performance[121]. - The company has a high customer concentration risk, which could adversely affect business if major customers reduce demand or switch suppliers[122]. - The company’s export business is subject to currency fluctuation risks, which could impact sales revenue when converted to RMB[123]. - The company is at risk from international trade frictions and policy changes in key export markets, which could affect its operating performance[124]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[176]. - The company has not experienced any changes in the scope of consolidated financial statements compared to the previous year[177]. - The company has committed to compensating investors for any losses due to false records or misleading statements in the prospectus[158]. - The company has undertaken to actively promote the fulfillment of refund and repurchase obligations by its controlling shareholders and actual controllers[167]. - The company has stated that it will take legal responsibility for any false records or significant omissions in its prospectus[170]. - The company has confirmed that all commitments made to minority shareholders have been fulfilled on time[173]. Audit and Compliance - The company's financial report has been confirmed by the board of directors, ensuring its accuracy and completeness[5]. - The company has appointed Tianzhi International Accounting Firm for auditing services during the reporting period[22]. - The current accounting firm is Tianzhi International Accounting Firm with an audit fee of 350,000 RMB and has been providing services for 4 consecutive years[178]. - The company did not experience any bankruptcy reorganization during the reporting period[181]. - There were no significant litigation or arbitration matters during the reporting period[182]. - The company did not face any penalties or rectification issues during the reporting period[183]. - There were no major related party transactions during the reporting period[185]. - The company did not have any major contracts or leasing situations during the reporting period[192]. - The company engaged in entrusted financial management with a total amount of 77 million RMB, with an outstanding balance of 54.5 million RMB[199]. - There were no entrusted loan situations during the reporting period[200].

Financial Performance - The company's revenue for Q1 2021 was ¥135,542,767.92, representing a 117.62% increase compared to ¥62,283,426.39 in the same period last year[10] - Net profit attributable to shareholders was ¥28,894,396.68, up 103.21% from ¥14,219,206.19 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥28,326,603.84, reflecting a 137.02% increase from ¥11,951,038.74 in the previous year[10] - Basic earnings per share were ¥0.48, doubling from ¥0.24 in the same quarter last year[10] - The company achieved operating revenue of CNY 135,542,767.92, a year-on-year increase of 117.62%[22] - Net profit attributable to shareholders reached CNY 28,894,396.68, reflecting a growth of 103.21% compared to the previous year[22] - Total revenue for the first quarter reached ¥135,542,767.92, a significant increase from ¥62,283,426.39 in the same period last year, representing a growth of approximately 117.5%[63] - Net profit for the first quarter was ¥28,894,396.68, compared to ¥14,219,206.19 in the previous year, indicating a year-over-year increase of about 103.5%[66] Assets and Liabilities - The company's total assets increased by 6.38% to ¥470,063,150.79 from ¥441,878,892.63 at the end of the previous year[10] - As of March 31, 2021, the company's total assets amounted to CNY 470,063,150.79, an increase from CNY 441,878,892.63 at the end of the previous period[45] - The company's current assets totaled CNY 287,333,690.23, up from CNY 265,481,628.33, indicating a growth of approximately 8.3%[45] - The company's total liabilities were CNY 124,455,973.12, slightly down from CNY 125,266,187.05, indicating a decrease of about 0.6%[51] - The company's total liabilities decreased slightly to ¥124,656,408.90 from ¥126,711,968.08, indicating a reduction of approximately 1.7%[61] Cash Flow - The net cash flow from operating activities decreased by 78.00% to ¥4,214,010.45 from ¥19,153,866.61 in the same period last year[10] - The company's cash flow from operating activities decreased by 78.00% to CNY 4,214,010.45, primarily due to increased payments for goods and employee salaries[24] - The cash flow from operating activities was CNY 4,214,010.45, down 78.0% from CNY 19,153,866.61 in the same period last year[83] - Operating cash inflow for the current period reached ¥120,306,919.39, a significant increase from ¥85,871,511.66 in the previous period, representing an increase of approximately 40%[86] - The net cash flow from operating activities was ¥4,396,462.47, down from ¥21,269,582.80 in the previous period, indicating a decline of about 79%[86] Investments and R&D - The company reported a significant increase in construction in progress, rising by 63.88% to CNY 14,078,572.15, attributed to increased investment in fundraising projects[22] - Research and development expenses increased by 68.90% to CNY 3,943,041.16, indicating a commitment to enhancing R&D activities[22] - Research and development expenses for the quarter were ¥3,943,041.16, compared to ¥2,334,593.30 in the same period last year, showing an increase of about 68.9%[64] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[84] Risks and Challenges - The company faces risks related to cyclical fluctuations in the automotive industry, which could impact sales and pricing of its products[29] - The company has a high customer concentration risk, which could adversely affect its business if major customers reduce demand[30] - The company’s export business is subject to risks from currency fluctuations and international trade policies, which could impact financial performance[31][32] - The company faces potential risks related to product quality and management challenges due to scale expansion, which could impact future performance[34][36] Shareholder Information - The top three shareholders hold a combined 99.01% of the shares, with Ningbo Hengshuai Investment Management Co., Ltd. owning 71.45%[14] - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[38][39]