Financial Performance - The company's operating revenue for 2022 was ¥469,685,065.44, representing a 19.22% increase compared to ¥393,970,780.56 in 2021[16] - The net profit attributable to shareholders decreased by 18.15% to ¥62,094,309.35 from ¥75,864,175.84 in the previous year[16] - The net profit after deducting non-recurring gains and losses fell by 49.37% to ¥35,795,265.20, down from ¥70,697,079.59 in 2021[16] - The net cash flow from operating activities significantly declined by 92.65% to ¥5,319,195.93, compared to ¥72,339,476.24 in 2021[16] - Basic earnings per share decreased by 28.57% to ¥0.60 from ¥0.84 in the previous year[16] - Total assets increased by 28.94% to ¥1,135,091,521.09 at the end of 2022, up from ¥880,306,719.74 at the end of 2021[16] - The net assets attributable to shareholders rose by 4.80% to ¥811,125,738.06 from ¥773,969,756.62 in 2021[16] - The weighted average return on equity decreased to 7.89% from 14.37% in the previous year, a decline of 6.48%[16] Revenue Breakdown - Revenue from the automotive sector amounted to ¥357,819,619.08, accounting for 76.18% of total revenue, with a year-on-year growth of 15.96%[66] - The company’s revenue from plastic fasteners grew by 39.91% to ¥74,533,161.35, indicating strong demand in this product category[67] - The company achieved sales revenue of 42.11 million CNY from fasteners used in new energy vehicles, with major clients including Tesla, Great Wall, and NIO[54] - The company’s total sales revenue from overseas markets was ¥46.42 million, a year-on-year increase of 6.97%[69] Market Trends and Opportunities - The automotive parts industry is closely linked to the automotive manufacturing sector, which is experiencing a recovery with a 3.4% increase in production and a 2.1% increase in sales in 2022[27] - In 2022, the production and sales of new energy vehicles reached 7.06 million and 6.89 million units, respectively, marking a year-on-year growth of 96.9% and 93.4%[28] - The market share of new energy vehicles in China reached 25.6% in 2022, an increase of 12.1 percentage points from the previous year[28] - The company is positioned to leverage the growth in the automotive parts sector, particularly in electric and intelligent components, as the industry shifts towards electrification and lightweight solutions[29] Research and Development - The company invested 22.40 million CNY in R&D in 2022, representing a year-on-year increase of 13.68%[55] - The company has established a complete R&D team with over 80 national authorized patents, including 7 invention patents[58] - The company is focusing on enhancing its technological capabilities through various R&D projects, which are expected to significantly improve its market competitiveness[78] - The company is investing ¥50 million in R&D for innovative fastening technologies over the next two years[194] Corporate Governance - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, ensuring compliance with regulations and providing convenience for all shareholders to exercise their rights[125] - The board of directors consists of 5 members, including 2 independent directors, meeting the legal requirements for composition[126] - The company has established a comprehensive performance evaluation system for senior management, linking their performance directly to compensation[128] - The company maintains complete independence in assets, personnel, finance, organization, and business from its controlling shareholder, ensuring no interference in decision-making[129] Shareholder Returns - The company plans to distribute a cash dividend of ¥2.50 per 10 shares to all shareholders, based on a total of 104,163,325 shares[3] - The cash dividend distribution represents 100% of the total profit distribution amount[161] - The company has committed to a minimum cash dividend ratio of 20% during profit distribution, despite being in a growth phase with significant capital expenditures[161] Risk Management - The company recognizes risks related to industrial policy changes and macroeconomic fluctuations, and will adjust production strategies accordingly to mitigate potential impacts on profitability[115] - The company actively responds to macroeconomic impacts on the automotive supply chain by enhancing supplier risk assessment and monitoring, ensuring supply chain security[116] - The main raw materials include steel and imported PA66, with price fluctuations posing significant risks to production costs; however, these fluctuations did not majorly impact operating performance during the reporting period[116] Environmental and Social Responsibility - The company has achieved ISO 14001 environmental management system certification, ensuring compliance with environmental standards in production[184] - The company actively engaged in social responsibility initiatives, including donations to charitable organizations and community service activities[185] - The company invested over 6.165 million yuan in photovoltaic power generation projects during the reporting period to reduce carbon emissions[182] Future Outlook - The company has set a performance guidance for 2023, projecting a revenue growth of 15% year-over-year[193] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million earmarked for potential deals[191] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[195]

证券代码：301005 证券简称：超捷股份 公告编号：2023-011 超捷紧固系统（上海）股份有限公司 关于举行 2022 年度网上业绩说明会的公告 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。 为使投资者进一步了解公司的财务状况、经营情况及公司发展规划，公司将 于 2023 年 04 月 21 日(星期五)14:00-16:00 在全景网举行超捷股份 2022 年度网 上业绩说明会，本次说明会将采用网络远程方式举行，投资者可登陆全景网"投 资者关系互动平台"(http://ir.p5w.net)参与本次业绩说明会。 出席本次业绩说明会的人员有:董事长兼总经理宋广东先生、财务总监兼董 事会秘书李红涛先生、独立董事赵鹏飞先生，保荐代表人付海光先生。 为充分尊重投资者，提升交流的针对性，现就公司超捷股份 2022 年度网上 业绩说明会提前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者 可于 2023 年 04 月 20 日(星期四)15:00 前访问"http://ir.p5w.net/zj/"，或 扫描下方二维码，进入问题征集专题页面进入问题征集专 ...

Group 1: Company Overview and Development - The company, Chaojie Fastening System (Shanghai) Co., Ltd., was founded in 2001 and began its automotive parts business in 2009, achieving ISO/TS16949 certification in 2010. It went public on the Shenzhen Stock Exchange's Growth Enterprise Market on June 1, 2021 [1] - The company has established a wholly-owned subsidiary in Jiangsu in 2014 and acquired Shanghai Yikou in 2021, expanding its product offerings to include plastic components [1] Group 2: Impact of Automotive Trends - The trends of electrification and lightweighting in the automotive industry are leading to changes in product types and technical requirements, with increased use of aluminum and plastic structural components [2] - The company is currently involved with new energy vehicle manufacturers such as NIO, Tesla, BYD, and Li Auto, with projects starting production since 2021 [2] Group 3: New Technologies and Market Adaptation - The emergence of new technologies like energy storage, battery swapping, and hydrogen energy is influencing the fastening industry, with the company actively collaborating with major international automotive parts firms like Bosch and Valeo [2] - The company is also focusing on domestic client development and has plans for future projects in battery swapping [2] Group 4: Domestic vs. Imported Fasteners - Currently, the gap between domestic and imported fasteners in design and production is minimal, but top automotive parts companies remain predominantly international brands [3] - The production of automotive fasteners is characterized by high standards for strength, stability, and safety, with significant requirements for raw materials and machinery [3] Group 5: Material Costs and Profit Margins - The company's main raw material is steel, with a typical procurement cycle of about one month; fluctuations in steel prices can impact profit margins within a reasonable range [3] Group 6: Expansion into Other Industries - Compared to the automotive sector, other industries have faster product updates and different production and management models; the company is expanding into the electronics and communications sectors through its subsidiary [3] Group 7: Strategic Investments - The company is investing in Chengdu Xinyue CNC to tap into the aerospace manufacturing sector, aiming to enhance its core competitiveness and create new profit growth points [3] - Chengdu Xinyue CNC specializes in the production of aircraft and engine parts, and the investment is expected to leverage both companies' resources for mutual growth [3]

Group 1: Company Strategy and Focus - The company focuses on the automotive sector, particularly expanding its business in new energy vehicles (NEVs) in line with national strategic planning [1] - Continuous innovation and development of new products are emphasized [1] - The company aims to enhance precision and automation through equipment and technology upgrades [1] - Expansion of customer channels and active exploration of domestic mid-to-high-end markets and international markets is a priority [1] Group 2: Product Development and Technical Challenges - The company specializes in customized products, competing directly in the international market with a focus on quality stability, high precision, and high performance [2] - Key differences between fastening products for NEVs and traditional vehicles include lightweight requirements and changes in product performance and structure due to the shift in power systems [2] - The company has obtained over 80 domestic and international patents, including 7 invention patents, covering key production processes for metal fasteners and special connectors [2] Group 3: Market Position and Competitiveness - The company is relatively small compared to some peers, focusing on high-strength, high-precision screws and bolts, which allows it to maintain a competitive edge in terms of product quality and consistency [2] - The company has a high market competitiveness in terms of per capita output value, gross margin, and cost competitiveness compared to industry peers [2] - As domestic production technology and product development levels improve, the localization and domestic product ratio will increase [2]

Group 1: Company Development Strategy - Focus on innovation and development of new products, particularly in the automotive parts sector [1] - Upgrade equipment and technology to enhance precision and automation [1] - Expand customer channels and actively explore domestic mid-to-high-end markets and international markets [1] Group 2: Product and Market Expansion - Targeting the new energy vehicle sector, including products related to energy storage, electric motors, and charging stations [1] - Current clients include major automotive manufacturers such as Tesla, BYD, NIO, and others [1] - Exploring product and business layout outside the automotive sector, including high-speed rail, military, and aerospace [1] Group 3: Ongoing Projects and Collaborations - Significant ongoing construction projects at the wholly-owned subsidiary, Wuxi Chaojie Automotive Connection Technology Co., Ltd., aimed at expanding production capacity [2] - Collaboration with multiple new energy vehicle manufacturers on battery swap projects, with new production lines entering trial production [2] - Supplying fastener products to NIO, covering major vehicle models, with expected volume increase starting in 2022 [2]

Revenue and Profit - Revenue for Q3 2022 reached ¥148,213,824.27, an increase of 50.68% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 8.34% to ¥18,116,161.66, while the net profit after deducting non-recurring gains and losses fell by 16.01% to ¥16,300,600.23[5] - The company's operating profit for Q3 2022 was ¥48,172,979.42, a decrease of 28.5% compared to ¥67,358,676.78 in Q3 2021[25] - Net profit for Q3 2022 was ¥42,267,765.68, down 28.5% from ¥59,102,961.26 in the same period last year[26] - Total revenue from operating activities was ¥242,296,826.36, a decline of 5% from ¥254,945,327.83 in Q3 2021[27] - The total comprehensive income for Q3 2022 was ¥42,267,765.68, compared to ¥59,102,961.26 in the same period last year[26] Cash Flow - Operating cash flow net amount for the year-to-date period was ¥5,741,803.97, a significant decrease of 89.96%[5] - Net cash flow from operating activities decreased by 89.96% to ¥5,741,803.97, primarily due to increased procurement of raw materials and employee wages[14] - Net cash flow from investing activities was ¥18,876,144.25, a significant recovery from a negative ¥126,877,220.82 in the previous year, due to ongoing investment projects and matured financial products[14] - Net cash flow from financing activities dropped by 96.00% to ¥16,106,323.52, reflecting a decrease in cash received from investments[14] - The company reported a net increase in cash and cash equivalents of ¥41,141,477.15, down 87.62% from the previous year[14] Assets and Liabilities - Total assets increased by 22.53% to ¥1,078,683,379.36 compared to the end of the previous year[5] - As of September 30, 2022, total assets were ¥1,078,683,379.36, compared to ¥880,306,719.74 at the beginning of the year, indicating a growth of approximately 22.5%[23] - Total liabilities reached ¥235,156,076.42, compared to ¥106,336,963.12, indicating a significant increase of about 121%[23] - Current assets totaled ¥651,820,180.79, slightly up from ¥641,707,131.33, showing a marginal increase of about 1.74%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,941[16] - The largest shareholder, Shanghai Yining Investment Co., Ltd., holds 48.07% of shares, totaling 49,426,297 shares[17] Expenses - Total operating costs amounted to ¥286,833,931.71, up from ¥223,619,673.51, reflecting a significant increase in expenses[24] - Management expenses rose by 53.90% to ¥26,698,715.22, attributed to the expansion of operational scale[13] - Financial expenses increased by 108.22% to ¥120,504.55, mainly due to reduced returns from capital preservation financial products[13] - Research and development expenses increased to ¥15,135,610.72, compared to ¥14,525,298.58 in Q3 2021, reflecting a growth of 4.2%[25] - The company experienced a decrease in sales expenses to ¥7,215,883.14 from ¥5,755,826.48, reflecting an increase of 25.3% year-over-year[25] Earnings Per Share - The company's basic earnings per share dropped by 48.57% to ¥0.18, and diluted earnings per share also fell by 48.57% to ¥0.18[5] - Basic and diluted earnings per share for Q3 2022 were both ¥0.52, down from ¥1.20 in Q3 2021[26] Investments - Investment income surged by 443.79% to ¥3,037,616.48, driven by increased returns from financial investments[13] - Cash inflow from investment activities was ¥719,315,460.13, a substantial increase from ¥46,244,686.44 in Q3 2021[28] Other Financial Metrics - The company granted 1,334,900 shares of restricted stock at a price of ¥11.69 per share to 27 incentive recipients on September 13, 2022[19] - The total equity attributable to shareholders increased by 1.83% to ¥788,157,092.42 compared to the end of the previous year[5] - The company's equity attributable to shareholders was ¥788,157,092.42, up from ¥773,969,756.62, showing a modest increase of about 1.8%[23]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥186.40 million, a decrease of 3.18% compared to ¥192.53 million in the same period last year[19]. - The net profit attributable to shareholders was approximately ¥24.63 million, down 37.38% from ¥39.34 million in the previous year[19]. - The net cash flow from operating activities was approximately ¥20.14 million, representing a decline of 47.77% compared to ¥38.55 million in the same period last year[19]. - Basic and diluted earnings per share were both ¥0.34, a decrease of 60.92% from ¥0.87 in the previous year[19]. - The company's revenue for the first half of 2022 was CNY 186,401,961.95, a decrease of 3.18% compared to CNY 192,532,470.45 in the same period last year, primarily due to the impact of the pandemic[60]. - Operating costs increased by 5.79% to CNY 129,377,769.99 from CNY 122,295,140.20, leading to a decline in gross profit margins across key product lines[60]. - The company reported a significant reduction in cash and cash equivalents, which decreased by 96.43% to CNY 15,280,196.13 from CNY 427,567,581.75, largely due to the previous year's IPO fundraising[60]. - The company reported a net loss of CNY 28,563,450 for the first half of 2022, indicating a challenging financial period[178]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.00 billion, an increase of 14.05% from ¥880.31 million at the end of the previous year[19]. - The total assets at the end of the first half of 2022 were CNY 825,683,000, showing growth from the previous year[180]. - Total current assets decreased from CNY 641,707,131.33 to CNY 612,730,093.49, a decline of approximately 4.5%[156]. - Total non-current assets increased from CNY 238,599,588.41 to CNY 391,267,833.14, reflecting a growth of about 64.0%[157]. - The total liabilities at the end of the first half of 2022 were CNY 486,057,000, indicating a manageable debt level relative to assets[180]. - The company’s total liabilities rose from CNY 106,336,963.12 to CNY 178,314,758.70, an increase of about 67.6%[158]. Investment and R&D - The company has established strong partnerships with major first-tier suppliers and vehicle manufacturers, with a high procurement ratio of its products among major clients[32]. - The company has developed a new product, the battery swap connector assembly, which significantly advances the quick replacement and connection of batteries in new energy vehicles[34]. - The company aims to enhance its market share and maintain its competitive edge by focusing on the R&D of key components for automotive powertrains, chassis systems, and visual systems[34]. - Research and development expenses were CNY 8,792,369.41, down 7.90% from CNY 9,546,573.51, indicating a focus on cost management during the pandemic[60]. - The company has established a comprehensive R&D team with 88 domestic patents, including 7 invention patents, enhancing its core competitiveness in high-strength fasteners and special-shaped connectors[52]. Market and Industry Trends - In the first half of 2022, the automotive industry in China saw production and sales of 12.117 million and 12.057 million vehicles, respectively, representing a year-on-year decline of 3.7% and 6.6%[27]. - The production and sales of new energy vehicles reached 2.661 million and 2.6 million units, respectively, in the first half of 2022, marking a year-on-year increase of 120% and achieving a market share of 21.6%[28]. - The automotive parts industry is experiencing intensified competition, with the company striving to innovate and enhance product quality to meet market demands[29]. - The automotive parts industry in China is gradually closing the gap with international leaders, with 10 Chinese companies listed among the top 100 global automotive parts suppliers[28]. Cash Flow and Financing - The net cash flow from operating activities decreased by 47.77% to CNY 20,136,270.40, primarily due to delayed customer payments caused by the pandemic[60]. - The company reported a total cash inflow from operating activities of ¥154,062,217.53, down from ¥177,326,716.12 in the previous year[170]. - The net cash flow from financing activities was -¥796,708.69, a significant decline from ¥439,645,003.49 in the first half of 2021[172]. - The company received ¥30,000,000.00 from borrowings, an increase from ¥10,000,000.00 in the previous year[172]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company distributed a cash dividend of 5.00 RMB per 10 shares for the 2021 fiscal year, totaling 28,563,451.50 RMB[108]. - The company’s stock structure includes 75.00% of limited shares and 25.00% of unrestricted shares[138]. - The largest shareholder, Shanghai Yining Investment Co., Ltd., holds 48.07% of the shares, totaling 49,426,297 shares[143]. Operational Efficiency - The company employs an ERP management system to track and monitor the entire order-to-delivery process, significantly improving operational efficiency[45]. - The company’s operational management efficiency is a key competitive advantage, allowing it to offer tailored products and services at lower operational costs[51]. - The company is focused on integrating new technologies and products to avoid risks associated with the failure of old and new industry convergence[94]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions and has passed the ISO14001 environmental management system certification[110]. - The company has actively responded to government calls and contributed to social responsibilities during the pandemic[110].

Revenue and Profit - Revenue for Q1 2022 was CNY 103,286,546.66, an increase of 10.98% compared to CNY 93,070,489.75 in the same period last year[4] - Net profit attributable to shareholders decreased by 15.56% to CNY 16,313,580.08 from CNY 19,320,487.00 year-on-year[4] - Basic earnings per share fell by 35.56% to CNY 0.29 from CNY 0.45 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 103,286,546.66, an increase of 10.3% compared to CNY 93,070,489.75 in Q1 2021[21] - Net profit for Q1 2022 was CNY 16,313,580.08, a decrease of 15.5% from CNY 19,320,487.00 in Q1 2021[22] - Earnings per share for Q1 2022 was CNY 0.29, down from CNY 0.45 in Q1 2021[23] Cash Flow and Investments - Net cash flow from operating activities decreased by 54.36% to CNY 10,663,337.04 compared to CNY 23,363,731.55 in the same period last year[10] - Cash inflow from operating activities was CNY 85,417,555.64, compared to CNY 92,457,291.65 in the previous year[24] - The total cash inflow from investment activities was ¥286,483,529.79, significantly higher than ¥27,032.95 in the same period last year[26] - The net cash flow from investment activities was -¥1,315,787.26, improving from -¥24,151,787.37 year-over-year[26] - The net cash flow from financing activities was -¥48,175.00, a decrease of 85.2% compared to -¥326,395.14 in the previous year[27] - The cash and cash equivalents at the end of the period amounted to ¥53,593,830.83, an increase from ¥33,550,011.20 year-over-year[27] - The initial cash and cash equivalents balance was ¥44,490,133.01, compared to ¥34,874,947.86 in the previous year[27] Assets and Liabilities - Total assets increased by 1.52% to CNY 893,685,173.23 from CNY 880,306,719.74 at the end of the previous year[5] - Current assets decreased to CNY 605,637,279.94 from CNY 641,707,131.33, primarily due to changes in cash and cash equivalents[19] - Non-current assets totaled CNY 288,047,893.29, up from CNY 238,599,588.41, representing an increase of about 20.8%[19] - Total liabilities decreased to CNY 103,401,836.53 from CNY 106,336,963.12 year-over-year[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,037[12] - Shareholders' equity attributable to shareholders rose by 2.11% to CNY 790,283,336.70 from CNY 773,969,756.62 at the end of the previous year[5] - The company reported a total of 42,845,177 restricted shares, with no new restrictions added during the period[16] - The company plans to lift restrictions on certain shares on June 1, 2022, and June 1, 2024, for various shareholders[15] Expenses - Management expenses increased by 33.20% to CNY 5,561,185.99, attributed to the expansion of business scale[10] - Research and development expenses for Q1 2022 were CNY 4,349,931.45, slightly down from CNY 4,539,079.46 in Q1 2021[21] - The company reported a decrease in financial expenses, with interest expenses at CNY 110,628.03 compared to CNY 357,470.99 in Q1 2021[21] Investment Income - Investment income surged by 4511.71% to CNY 1,125,561.44, primarily due to increased financial management income[10] - The company achieved an investment income of CNY 1,125,561.44, significantly higher than CNY 24,406.62 in the same period last year[22] Other Financial Information - The company did not conduct an audit for the first quarter report[28] - The cash flow from foreign exchange fluctuations was -¥195,676.96, slightly better than -¥210,485.70 in the previous year[27] - The cash paid for fixed assets and other long-term assets was ¥26,799,317.05, up from ¥24,178,820.32 in the same period last year[26]

Financial Performance - The company reported a cash dividend of 5.00 RMB per 10 shares (including tax) and a capital reserve increase of 8 shares per 10 shares for all shareholders[5]. - The company’s total revenue for 2021 was 1.2 billion RMB, representing a year-on-year growth of 15% compared to 2020[14]. - The net profit attributable to shareholders for 2021 was 150 million RMB, an increase of 20% from the previous year[14]. - The company's operating revenue for 2021 was CNY 393,970,780.56, representing a 14.31% increase compared to CNY 344,654,903.98 in 2020[19]. - The net profit attributable to shareholders decreased by 6.66% to CNY 75,864,175.84 in 2021 from CNY 81,274,614.69 in 2020[19]. - The net profit after deducting non-recurring gains and losses was CNY 70,697,079.59, down 9.56% from CNY 78,166,607.33 in 2020[19]. - The total assets at the end of 2021 reached CNY 880,306,719.74, a significant increase of 123.06% from CNY 394,653,428.52 at the end of 2020[19]. - The net assets attributable to shareholders rose by 187.34% to CNY 773,969,756.62 at the end of 2021, compared to CNY 269,359,486.39 at the end of 2020[19]. - The basic earnings per share decreased by 20.00% to CNY 1.52 in 2021 from CNY 1.90 in 2020[19]. - The weighted average return on equity dropped to 14.37% in 2021 from 33.40% in 2020, reflecting a decline of 19.03%[19]. - The gross margin for 2021 was reported at 35%, a slight increase from 33% in 2020[198]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[14]. - The management has set a revenue growth target of 12% for 2022, driven by new product launches and market expansion strategies[14]. - The company aims to enhance its market share and maintain core competitiveness by increasing R&D investment in key automotive components and optimizing product structure[35]. - The company is actively expanding into the new energy vehicle sector, advancing the development of lightweight fasteners and special-shaped fasteners[110]. - The company is focusing on market expansion strategies, particularly in the Asia-Pacific region, targeting a 15% increase in market share by the end of 2022[182]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for potential deals[199]. Research and Development - Research and development expenses increased by 25% in 2021, focusing on high-strength fasteners and new material technologies[14]. - The company aims to launch two new product lines in 2022, projected to contribute an additional 200 million RMB in revenue[14]. - The company’s research and development efforts are divided into project and technical research, ensuring quality planning and technological advancements in product development[44]. - R&D investment amounted to ¥19,700,172.63 in 2021, representing 5.00% of operating revenue, an increase from 4.60% in 2020[79]. - The number of R&D personnel increased by 44.44% from 54 in 2020 to 78 in 2021, with R&D personnel now accounting for 13.29% of the total workforce[77]. - The company has obtained 88 domestic patents, including 7 invention patents, covering key production processes for metal fasteners and special-shaped connectors[50]. Operational Efficiency - The company has established partnerships with three new suppliers to diversify its sourcing and reduce production costs[14]. - The company has established a comprehensive procurement management system, with a significant emphasis on the procurement of raw materials, particularly steel and PA66 plastic particles[45]. - The company employs a direct sales model for automotive clients and a distribution model for some electrical and communication industry clients, actively participating in the early product design process[46]. - The company has established a strong internal management system, enhancing operational efficiency and reducing management costs[49]. - The company has implemented new operational strategies to reduce production costs by 8% over the next year[128]. Corporate Governance and Compliance - The company has a complete business system that operates independently from its controlling shareholders[121]. - The board of directors emphasizes a commitment to sustainability, aiming for a 25% reduction in carbon emissions by 2025[128]. - The company has established a comprehensive internal control system focusing on high-risk areas such as accounts receivable credit risk and raw material price fluctuation risk[156]. - The independent directors have fulfilled their responsibilities effectively, ensuring compliance with the cash dividend policy[152]. - The company has not faced any penalties from securities regulatory authorities in the past three years[132]. Employee Management and Development - The total number of employees at the end of the reporting period is 587, with 363 from the parent company and 224 from major subsidiaries[148]. - The company has established a comprehensive salary management system to attract, retain, and motivate talent, with salaries based on position, performance, and capability[149]. - Training programs are organized to enhance employees' overall quality and business capabilities, including both internal and external training[150]. - The company emphasizes targeted training for employees in key positions to align their capabilities with the company's development needs[150]. Environmental and Social Responsibility - The company has a strong commitment to environmental protection, adhering to ISO 14001 standards and ensuring no pollution incidents occurred during the reporting period[173]. - The company donated 3,000 RMB to the Shanghai Charity Foundation for pandemic relief and provided 20,000 RMB worth of materials to support local pandemic control efforts[173]. - The company has implemented a comprehensive occupational health and safety management system, achieving GB/T 45001-2020/ISO 45001:2018 certification[171]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% based on new product launches and market expansion strategies[194]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product efficiency[198]. - The company plans to maintain a lock-up period for shares held by executives for 36 months post-IPO, ensuring stability in shareholding structure[181].

[Key Financial Data](index=1&type=section&id=Item%20I.%20Key%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=1&type=section&id=(I)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Q3 2021 saw an 8.60% YoY revenue increase but a 7.67% decline in net profit attributable to the parent, while year-to-date revenue grew 26.30% and net profit 15.59%, with total assets and equity significantly increasing due to IPO proceeds Key Financial Indicators for Q3 2021 and Year-to-Date | Indicator | Current Period (Q3 2021) | Year-to-Date (YTD 2021) | | :--- | :--- | :--- | | **Operating Revenue** | 98.36 million yuan (YoY +8.60%) | 290.89 million yuan (YoY +26.30%) | | **Net Profit Attributable to Shareholders of Listed Company** | 19.77 million yuan (YoY -7.67%) | 59.10 million yuan (YoY +15.59%) | | **Net Profit After Deducting Non-Recurring Gains and Losses** | 19.41 million yuan (YoY -9.53%) | 55.79 million yuan (YoY +13.83%) | | **Net Cash Flow from Operating Activities** | - | 57.18 million yuan (YoY +9.89%) | | **Basic Earnings Per Share (yuan/share)** | 0.35 (YoY -30.80%) | 1.20 (YoY +0.84%) | | **Total Assets (End of Period)** | 855.01 million yuan (+116.65% vs. Year-start) | - | | **Total Equity Attributable to Shareholders of Listed Company (End of Period)** | 757.21 million yuan (+181.11% vs. Year-start) | - | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=(II)%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Year-to-date non-recurring gains and losses totaled 3.31 million yuan, primarily from government grants and entrusted investment income, contributing to current net profit Year-to-Date Non-Recurring Gains and Losses Items | Item | Amount (yuan) | | :--- | :--- | | Government grants recognized in current profit or loss | 2,730,950.00 | | Gains or losses from entrusted investments or asset management | 558,599.55 | | Net non-operating income and expenses | 626,014.91 | | **Total** | **3,311,766.25** | [Analysis of Changes in Key Financial Indicators](index=2&type=section&id=(III)%20Analysis%20of%20Changes%20in%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Significant changes in financial indicators during the reporting period were primarily driven by the company's IPO, which boosted cash and financing cash flow, facilitated debt repayment, increased investments in financial products and projects, and supported revenue growth from increased business orders - Balance sheet item changes primarily influenced by IPO - **Cash and cash equivalents** increased by 953.03% due to IPO proceeds received[8](index=8&type=chunk) - **Financial assets held for trading** increased by 1150.00% from using part of the IPO proceeds to purchase wealth management products[8](index=8&type=chunk) - **Construction in progress** increased by 68.49% due to continuous investment in IPO-funded projects[8](index=8&type=chunk) - **Short-term borrowings** decreased by 75.00% as part of the bank loans were repaid using IPO proceeds[8](index=8&type=chunk) - Income statement item changes primarily due to business expansion - **Operating revenue** increased by 26.30% year-over-year due to increased business orders[10](index=10&type=chunk) - **Selling expenses, administrative expenses, and R&D investment** increased by 40.91%, 33.01%, and 30.43% year-over-year, respectively, aligning with business scale expansion and increased R&D efforts[10](index=10&type=chunk) - **Financial expenses** significantly decreased by 601.36% year-over-year, mainly due to increased deposit interest income and reduced borrowing interest expenses post-IPO[10](index=10&type=chunk) - Cash flow statement item changes also reflect IPO and subsequent fund utilization - **Net cash outflow from investing activities** increased by 728.27%, primarily due to increased purchases of wealth management products and investments in IPO-funded projects[11](index=11&type=chunk) - **Net cash inflow from financing activities** significantly increased by 1484.21%, mainly due to the receipt of IPO proceeds[11](index=11&type=chunk) [Shareholder Information](index=3&type=section&id=Item%20II.%20Shareholder%20Information) [Total Common Shareholders and Top Ten Shareholders' Holdings](index=3&type=section&id=(I)%20Total%20Common%20Shareholders%20and%20Top%20Ten%20Shareholders'%20Holdings) As of the reporting period end, the company had **6,252 common shareholders**, with a relatively concentrated equity structure where the largest shareholder held 48.07% and the top ten shareholders collectively held approximately 74.83% - As of the reporting period end, the company had **6,252 common shareholders**[13](index=13&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Shanghai Yining Investment Co., Ltd. | 48.07% | 27,459,054 | | Shanghai Xianghe Yongyuan Equity Investment Partnership | 5.10% | 2,913,472 | | Shanghai Yuwei Investment Co., Ltd. | 3.82% | 2,181,200 | | Zeng Lifeng | 3.12% | 1,780,560 | | Lv Haijun | 2.92% | 1,669,280 | [Other Significant Matters](index=4&type=section&id=Item%20III.%20Other%20Significant%20Matters) The company had no other significant matters requiring disclosure during the reporting period - The company had no other significant matters requiring disclosure in this reporting period[15](index=15&type=chunk) [Quarterly Financial Statements](index=4&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) [Consolidated Balance Sheet](index=4&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of September 30, 2021, total assets reached **855.01 million yuan**, a 116.65% increase from the year-start, and equity attributable to shareholders grew 181.11% to **757.21 million yuan**, primarily due to IPO proceeds strengthening capital and reducing total liabilities Key Balance Sheet Item Changes | Item | September 30, 2021 (yuan) | December 31, 2020 (yuan) | Change Rate | | :--- | :--- | :--- | :--- | | **Total Assets** | **855,009,461.81** | **394,653,428.52** | **+116.65%** | | **Total Liabilities** | **97,800,919.77** | **125,293,942.13** | **-21.94%** | | **Total Equity Attributable to Owners of the Parent Company** | **757,208,542.04** | **269,359,486.39** | **+181.11%** | [Consolidated Income Statement (Year-to-Date)](index=7&type=section&id=2.%20Consolidated%20Income%20Statement%20Year-to-Date) For the first three quarters of 2021, operating revenue reached **290.89 million yuan**, up 26.30% YoY, and net profit attributable to the parent company grew 15.59% to **59.10 million yuan**, driven by increased orders, though total operating costs grew faster than revenue, indicating cost pressures Key Income Statement Items (Year-to-Date) | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 290,894,179.71 | 230,311,369.16 | +26.30% | | Total Operating Costs | 223,619,673.51 | 171,042,755.99 | +30.74% | | Operating Profit | 67,358,676.78 | 59,362,109.46 | +13.47% | | Net Profit Attributable to Owners of the Parent Company | 59,102,961.26 | 51,131,773.58 | +15.59% | [Consolidated Cash Flow Statement (Year-to-Date)](index=9&type=section&id=3.%20Consolidated%20Cash%20Flow%20Statement%20Year-to-Date) In the first three quarters of 2021, net cash flow from operating activities remained stable at **57.18 million yuan**, while investing activities resulted in a **126.88 million yuan** net outflow, and financing activities generated a **402.45 million yuan** net inflow from IPO, significantly boosting cash and cash equivalents to **367.00 million yuan** Key Cash Flow Statement Items (Year-to-Date) | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 57,182,081.91 | 52,036,519.20 | | Net Cash Flow from Investing Activities | -126,877,220.82 | -15,318,432.82 | | Net Cash Flow from Financing Activities | 402,446,871.70 | -29,074,071.00 | | **Net Increase in Cash and Cash Equivalents** | **332,379,003.65** | **7,673,353.17** | [Audit Report](index=11&type=section&id=(III)%20Audit%20Report) The company's Q3 2021 report is unaudited, consistent with standard quarterly reporting practices - The company's Q3 2021 report is **unaudited**[29](index=29&type=chunk)