Revenue and Profit - Revenue for Q3 2021 was CNY 174,949,097.77, an increase of 6.32% year-over-year, while year-to-date revenue reached CNY 525,391,963.70, up 15.61% compared to the same period last year[3] - Net profit attributable to shareholders was CNY -7,662,670.09 for Q3 2021, a decrease of 191.30% year-over-year, and year-to-date net profit was CNY 11,057,025.90, down 64.33% compared to the previous year[3] - Basic and diluted earnings per share for Q3 2021 were both CNY -0.1015, reflecting a decline of 196.48% year-over-year, while year-to-date earnings per share were CNY 0.1207, down 68.92%[3] - The net profit for Q3 2021 was CNY 11,057,025.90, a decrease of 64.3% compared to CNY 30,997,407.07 in Q3 2020[19] - Operating profit for Q3 2021 was CNY 13,157,327.38, down 63.5% from CNY 36,075,474.36 in the same period last year[19] - Total comprehensive income for Q3 2021 was CNY 10,359,483.87, a decrease of 65.0% from CNY 29,583,732.88 in Q3 2020[20] - Basic and diluted earnings per share were both CNY 0.1207, down from CNY 0.3884 in the same quarter last year[20] Expenses and Costs - Research and development expenses increased by 45.14% year-over-year to CNY 1,774,910.00, indicating a focus on new product and technology development[8] - The company experienced a 35.58% decrease in selling expenses to CNY 23,009,500.00, mainly due to the reclassification of freight costs under new revenue standards[8] - The total operating costs for the third quarter of 2021 were CNY 516,395,461.93, up 22.4% from CNY 421,886,137.35 in the previous year[18] - The company reported a significant increase in sales expenses, which amounted to CNY 23,009,527.62, down from CNY 35,718,220.91 in the previous year[19] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of CNY -5,242,135.93 year-to-date, a decrease of 109.12% compared to the previous year, primarily due to increased freight costs[9] - Cash flow from operating activities showed a net outflow of CNY 5,242,135.93, compared to a net inflow of CNY 57,481,277.38 in Q3 2020[22] - The company reported a cash inflow from financing activities of CNY 82,381,387.71, compared to a cash outflow of CNY 24,473,954.32 in Q3 2020[22] - Cash and cash equivalents as of September 30, 2021, amounted to CNY 138,959,241.14, significantly higher than CNY 62,541,996.34 at the end of 2020, reflecting a growth of 121.5%[14] - Cash and cash equivalents at the end of Q3 2021 totaled CNY 100,169,918.30, an increase from CNY 23,481,483.00 at the end of Q3 2020[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,190,484,533.93, representing a 7.21% increase from the end of the previous year[3] - The total assets as of September 30, 2021, were CNY 1,190,484,533.93, compared to CNY 1,110,382,134.99 at the end of 2020, indicating an increase of 7.2%[16] - The total liabilities decreased to CNY 653,272,228.67 from CNY 694,478,942.26, a reduction of 5.9%[16] - The owner's equity increased to CNY 537,212,305.26 from CNY 415,903,192.73, representing a growth of 29.0%[16] - The company reported a decrease in short-term borrowings to CNY 84,606,233.33 from CNY 100,187,914.24, a decline of 15.5%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,985, with the top ten shareholders holding a combined 92.08% of the shares[10] - The company reported a significant increase in capital reserves by 57.99% to CNY 25,621,930.00, attributed to funds raised from the initial public offering[8] - The company’s capital reserve increased to CNY 256,219,313.72 from CNY 162,179,471.34, showing a growth of 58.0%[16] Inventory and Receivables - Inventory as of September 30, 2021, was CNY 393,373,208.54, up from CNY 377,937,583.79 at the end of 2020, reflecting an increase of 4.1%[14] - The accounts receivable increased to CNY 181,965,810.53 from CNY 154,735,415.07, a rise of 17.6%[14] - The company reported a 3427.97% increase in asset disposal gains to CNY 1,137,000.00, driven by increased equipment disposals during the reporting period[8]

Financial Performance - The company's operating revenue for the reporting period was ¥350,442,865.93, representing a 20.88% increase compared to ¥289,905,275.27 in the same period last year [23]. - The net profit attributable to shareholders decreased by 17.19% to ¥18,719,695.99 from ¥22,604,919.30 year-on-year [23]. - The net profit after deducting non-recurring gains and losses was ¥13,584,038.03, down 24.29% from ¥17,942,592.90 in the previous year [23]. - The net cash flow from operating activities significantly dropped by 77.68% to ¥6,253,313.78 from ¥28,014,186.35 in the same period last year [23]. - The company's revenue for the reporting period reached ¥350,442,865.93, representing a year-on-year increase of 20.88% compared to ¥289,905,275.27 in the previous year [41]. - The operating costs increased by 32.41% to ¥273,743,912.51, primarily due to the reclassification of freight costs into operating costs [41]. - The company's gross profit margin decreased to 22.1% in the first half of 2021 from 29.0% in the same period of 2020 [153]. - The total comprehensive income for the first half of 2021 was CNY 18,423,281.83, a decrease of 13.3% from CNY 21,214,453.18 in the same period of 2020 [151]. Cash Flow and Investments - The net cash flow from operating activities for the first half of 2021 was ¥6,253,313.78, a decrease of 77.7% compared to ¥28,014,186.35 in the same period of 2020 [158]. - The net cash flow from investment activities was ¥2,010,039.54, a significant improvement from a negative cash flow of ¥20,350,855.27 in the same period last year [158]. - The net cash flow from financing activities was ¥113,829,891.82, compared to a negative cash flow of ¥16,753,747.19 in the same period of 2020 [159]. - The company reported a significant increase in investment, with a total investment of RMB 251.71 million during the reporting period, representing a 95.40% increase compared to the same period last year [50]. - The company reported a net increase in cash and cash equivalents of ¥121,725,241.40, a significant rise of 1,310.36% due to funds raised from the initial public offering [41]. Shareholder Information and IPO - The company completed its initial public offering of 26.6 million shares, increasing its registered capital from 79.8 million RMB to 106.4 million RMB [22]. - The company’s stock was listed on the Shenzhen Stock Exchange on June 2, 2021 [22]. - The proportion of limited sale shares decreased from 100% to 78.67% after the IPO, with 83.7 million shares now subject to limited sale [118]. - The company plans to release 2.66 million shares to employees, which will be available for lending after the IPO [122]. - The company’s major shareholders include Xingong Fangzheng with 22.70% (24,150,000 shares) and Fang Yongjie with 20.08% (21,367,500 shares) [126]. Risk Management - The company emphasizes the importance of risk management and has detailed its potential risks and countermeasures in the report [5]. - The company is facing risks related to the macroeconomic environment and the automotive industry, which could impact its production and operations [65]. - The company has established a relatively sound internal control system but faces risks associated with management and internal control due to rapid business expansion [66]. - The company's main business gross margin is at risk of decline due to the downturn in the automotive industry and increased costs from the new production base [66]. Research and Development - The company focuses on the R&D, design, manufacturing, and sales of automotive plastic molds, with a strong emphasis on technological innovation and market expansion [31]. - The company has developed several proprietary technologies, including modular 3D CAD design and low-pressure injection molding technology, strengthening its R&D capabilities [37]. - Research and development expenses for the first half of 2021 were CNY 11,553,455.26, up from CNY 8,367,306.98, indicating a focus on innovation and product development [148]. - The company plans to continue investing in R&D to enhance product offerings and market competitiveness [153]. Compliance and Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management team [4]. - The company has maintained compliance with environmental regulations and has not faced any administrative penalties related to environmental issues during the reporting period [78]. - The company has committed to maintaining independence in assets, business, personnel, and financial structure [88]. - The company guarantees that the public offering of shares and listing on the Growth Enterprise Market does not involve any fraudulent issuance [87]. Subsidiaries and Market Presence - The company has subsidiaries in Mexico and Germany, indicating its international presence and market expansion efforts [12]. - The company has established a strong global customer base, including major automotive brands such as Porsche, Mercedes-Benz, and Toyota, enhancing its market position [36]. - The company has subsidiaries including Shenyang Fangzheng Automotive Mould Co., Ltd. and Ningbo Fangzheng Automotive Parts Co., Ltd. [176]. Financial Position - Total assets increased by 11.16% to ¥1,234,288,900.43 compared to ¥1,110,382,134.99 at the end of the previous year [23]. - The net assets attributable to shareholders rose by 33.56% to ¥555,474,343.17 from ¥415,903,192.73 at the end of the previous year [23]. - The total equity attributable to shareholders increased to CNY 555,474,343.17 from CNY 415,903,192.73, reflecting a growth of 33.5% [143]. - The company's total assets amounted to CNY 1,234,288,900.43, an increase from CNY 1,110,382,134.99 at the end of 2020, representing a growth of approximately 11.1% [140].