证券代码：301119 证券简称：正强股份 杭州正强传动股份有限公司 投资者关系活动记录表 编号：2022-004 | --- | --- | --- | --- | |----------------------|-----------------------------------------------------|--------------|------------------------------------------------------------------------------------------------------| | | | | | | | 特定对象调研 | ☐ 分析师会议 | | | | ☐ 媒体采访 | ☐ 业绩说明会 | | | 投资者关系活动类别 | ☐ 新闻发布会 | ☐ 路演活动 | | | | ☐ 现场参观 | | | | | ☐ 其他 | | | | 参与单位名称及人员 | 长城证券 王仕宏 | | | | 姓名 | 德裕资产 金晓东 | | | | 时间 | 2022年11月25 日上午 | 10:00-11:00 | | | 地点 | 公司三楼会议 ...

证券代码：301119 证券简称：正强股份 杭州正强传动股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | --- | |----------------------|------------------------------------------------------------------------------------------------------|--------------|-------| | | | | | | | ☐ 特定对象调研 | ☐ 分析师会议 | | | | ☐ 媒体采访 | ☐ 业绩说明会 | | | 投资者关系活动类别 | ☐ 新闻发布会 | ☐ 路演活动 | | | | ☐ 现场参观 | | | | | 其他（电话会议） | | | | 参与单位名称及人员 | 国金证券 陈传红 交银施罗德基金 何帅 | 白家乐 | | | 姓名 时间 | 2022年11月22 日上午 | 10:00-11:00 | | | | | | | | 地点 | 线上会议 | | | | | 董事长、总经理：许正庆 | | | | 上市公司接 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥118,671,478.60, representing a 41.37% increase compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥28,004,836.52, a significant increase of 107.71% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,021,696.12, up 110.10% from the previous year[4] - Total operating revenue for the current period reached ¥307,678,143.65, a 25.5% increase from ¥245,154,888.08 in the previous period[23] - Net profit for the current period was ¥73,095,145.17, an increase of 89.8% from ¥38,547,869.50 in the same period last year[24] - Operating profit for the current period was ¥83,206,089.37, representing a 91.5% increase compared to ¥43,423,340.71 in the previous period[24] - Basic and diluted earnings per share were both ¥0.91, compared to ¥0.64 in the previous period[25] - The company's basic earnings per share for Q3 2022 was ¥0.35, an increase of 59.09% year-on-year[4] Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date period reached ¥112,853,866.50, showing a remarkable increase of 298.99%[4] - Cash flow from operating activities generated a net amount of ¥112,853,866.50, significantly up from ¥28,285,116.67 in the prior period[25] - Cash flow from investing activities resulted in a net inflow of ¥159,949,963.59, compared to a net outflow of ¥9,028,182.29 in the previous period[27] - Cash and cash equivalents at the end of the period totaled ¥712,900,954.76, up from ¥241,671,170.84 at the end of the previous period[27] - The company reported a significant increase in cash and cash equivalents, which rose to ¥364,893,356.07, a 1,882.52% increase compared to the previous year[11] - The cash and cash equivalents as of September 30, 2022, were CNY 732,900,954.76, a significant increase from CNY 388,007,598.69 at the beginning of the year, marking an increase of approximately 88.7%[18] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥1,162,890,157.33, reflecting a growth of 34.17% compared to the end of the previous year[4] - The company's current assets reached CNY 1,057,973,004.76, up from CNY 769,778,532.56 at the start of the year, indicating a growth of about 37.4%[18] - The total liabilities increased to CNY 318,063,513.82 from CNY 89,012,414.43, reflecting a significant rise of approximately 257.5%[20] - The company's total equity increased to CNY 844,826,643.51 from CNY 777,731,498.34, reflecting a growth of about 8.6%[21] - As of September 30, 2022, the total assets of Hangzhou Zhengqi Transmission Co., Ltd. amounted to CNY 1,162,890,157.33, an increase from CNY 866,743,912.77 at the beginning of the year, representing a growth of approximately 34.2%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,011[12] - The largest shareholder, Hangzhou Zhengqiang Holdings, holds a 38.25% stake in the company[13] Other Financial Metrics - The weighted average return on equity for the year-to-date period was 8.98%, up 0.49% from the previous year[4] - The company reported a tax expense of ¥10,070,473.55, which is an increase from ¥4,712,017.35 in the prior period[24] - Other income for the current period was ¥13,741,535.31, compared to ¥1,875,827.18 in the previous period, indicating a significant increase in other income sources[23] - The company has no preferred shares or perpetual bonds outstanding as of the reporting date, indicating a straightforward capital structure[21] Inventory and Receivables - The accounts receivable increased to CNY 121,080,432.42 from CNY 108,784,614.29, showing a growth of about 11.3%[18] - The company’s inventory as of September 30, 2022, was CNY 75,877,382.48, up from CNY 71,680,309.27, indicating an increase of approximately 5.5%[18] Future Plans - The company plans to provide a joint liability guarantee for its subsidiaries to secure a bank credit line of up to CNY 50 million, aimed at supporting operational and developmental needs[17]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 189,006,665.03, representing a 17.24% increase compared to RMB 161,210,629.92 in the same period last year[25]. - Net profit attributable to shareholders reached RMB 45,090,308.65, a significant increase of 79.89% from RMB 25,065,068.69 in the previous year[25]. - The net cash flow from operating activities surged to RMB 113,408,210.01, marking a remarkable increase of 284.78% compared to RMB 29,473,746.29 in the prior year[25]. - Basic earnings per share improved to RMB 0.56, up 33.33% from RMB 0.42 in the same period last year[25]. - Total assets at the end of the reporting period were RMB 974,627,349.70, reflecting a 12.45% increase from RMB 866,743,912.77 at the end of the previous year[25]. - The net assets attributable to shareholders increased to RMB 816,821,806.99, a growth of 5.03% from RMB 777,731,498.34 at the end of the last fiscal year[25]. - The company reported a net profit after deducting non-recurring gains and losses of RMB 33,452,578.28, which is a 37.96% increase from RMB 24,247,920.82 in the same period last year[25]. - The weighted average return on net assets was 5.63%, slightly up from 5.60% in the previous year[25]. - The company achieved operating revenue of 189.01 million yuan, an increase of 17.24% compared to the same period last year[40]. - Net profit attributable to shareholders reached 45.09 million yuan, up 79.89% year-on-year[40]. Industry Context - The automotive industry in China experienced a decline in production and sales in the first half of 2022, with production and sales down by 3.7% and 6.6% year-on-year, respectively[37]. - In June 2022, the automotive production and sales showed significant recovery, with a month-on-month increase of 29.7% and 34.4%, and a year-on-year increase of 28.2% and 23.8%[37]. - The company expects the automotive industry to stabilize, which will positively impact the automotive parts sector, with an anticipated growth in vehicle sales of approximately 3% in 2022[37]. - The automotive parts industry in China is expected to continue growing, driven by increasing vehicle ownership and the rapid development of new energy vehicles[38]. Company Operations - The company primarily engages in the research, production, and sales of automotive cross-axis universal joint assemblies, forks, and related components, which are essential parts of automotive steering and transmission systems[33]. - The company maintains a procurement model that includes annual framework contracts with suppliers and a rigorous evaluation process for supplier management[34]. - The company’s products are sold in both the original equipment manufacturer (OEM) market and the aftermarket, with a focus on long-term relationships with major automotive brands[36]. - The company’s sales in the OEM market include direct sales to major suppliers such as Bosch and Dana, while the aftermarket sales are primarily conducted through a private label model[36]. - The company’s production model is based on "sales-driven production," ensuring that production aligns with customer orders and market demand[34]. - The company plans to expand its product applications in the new energy vehicle sector, responding to the growing demand in this market[40]. - The company has established strong partnerships with major automotive manufacturers, including BMW, Mercedes-Benz, and General Motors, enhancing its market position[40]. Financial Management - The company has not classified any non-recurring gains as recurring, adhering to the guidelines set forth by the regulatory authorities[30]. - The company received government subsidies related to technological upgrades and innovation projects, positively impacting its financial performance[41]. - The company holds a total of 49 patents, including 20 invention patents, reflecting its strong research and development capabilities[43]. - The company has been awarded the "Perfect Quality 2021" by NEXTEER, indicating its commitment to product quality[44]. - The company is implementing advanced automated production lines to improve efficiency and reduce waste in manufacturing processes[46]. - The company has a stable management team with extensive industry experience, ensuring effective response to market demands[47]. Investment and Funding - The total amount of funds raised is RMB 28,998.26 million, with a net amount of RMB 30,832 million after deducting underwriting and related fees[62]. - As of June 30, 2022, the cumulative investment of raised funds is RMB 1,601.1 million, leaving a balance of RMB 27,876.7 million[62]. - 66.76% of the total raised funds have been repurposed, amounting to RMB 19,358.5 million[62]. - The company plans to extend the construction period for the automotive steering and transmission system component expansion project to December 31, 2024[64]. - The investment commitment for the automotive steering and transmission system component expansion project is RMB 23,000 million, with 26.65% of the investment completed by the report date[64]. - The company has pre-invested RMB 961.03 million in the raised funds investment projects, with RMB 220.98 million yet to be replaced by raised funds[66]. - The company has allocated RMB 89 million of the raised funds to supplement working capital, fully utilized as of the report date[65]. - The company has adjusted the construction period for the technology upgrade and information construction projects to December 31, 2023[65]. - The total amount of raised funds used for investment projects is RMB 1,512.1 million, with a total commitment of RMB 28,700 million[65]. Risk Factors - The company is highly correlated with the automotive industry, facing risks from cyclical fluctuations that could adversely affect its operating performance due to macroeconomic impacts on the automotive sector[78]. - There is a risk of product price decline in the domestic market, which could negatively impact the company's gross margin and profitability if cost control does not keep pace with price adjustments[79]. - The company is managing fundraising project risks by closely monitoring industry changes and ensuring adherence to fundraising management regulations to mitigate potential impacts on project implementation and profitability[80]. - Foreign sales account for a significant portion of revenue, exposing the company to exchange rate fluctuations that could lead to foreign exchange losses and affect price competitiveness[81]. - The company collaborates with trade merchants and key end customers, which poses a risk of customer loss if partnerships are terminated, despite maintaining strong relationships with major clients[82]. - The automotive industry is currently facing a chip shortage, which could lead to order cancellations or significant reductions in demand, impacting the company's short-term operating performance[83]. - The company is actively communicating with major automotive parts suppliers to understand future product demand and adjust production plans accordingly to mitigate risks from chip shortages[84]. Corporate Governance - The company held two shareholder meetings during the reporting period, with participation rates of 68.16% and 75.06% respectively[88]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[91]. - There were no changes in the company's equity incentive plans or employee stock ownership plans during the reporting period[92]. - The company did not face any significant environmental penalties or issues during the reporting period[95]. - There were no major lawsuits or arbitration matters reported during the period[104]. - The company did not engage in any related party transactions during the reporting period[105]. - The half-year financial report was not audited[102]. - The company did not experience any bankruptcy restructuring or significant financial guarantees during the reporting period[103]. - There were no changes in the company's board of directors or supervisory board members due to elections during the reporting period[90]. - The company did not undertake any asset or equity acquisitions or sales during the reporting period[106]. Shareholder Information - The total number of shares before the current change is 80,000,000, with no changes reported during the period[124]. - The total number of restricted shares remains at 60,000,000, with no releases or increases during the reporting period[126]. - The company has not issued any new securities or listed any during the reporting period[127]. - The company has not reported any changes in shareholder structure or significant shareholder events during the reporting period[128]. - The largest shareholder, Hangzhou Zhengqiang Holdings, holds 38.25% of the shares, totaling 30,600,000 shares[129]. - The second largest shareholder, Xu Zhengqing, holds 15.30% of the shares, totaling 12,240,000 shares[129]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[134]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[132]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[131]. - The company has no preferred shares outstanding[137]. Financial Position - Current assets increased to CNY 871.32 million as of June 30, 2022, up from CNY 769.78 million at the beginning of the year, representing a growth of 13.2%[144]. - Cash and cash equivalents rose to CNY 602.38 million, a significant increase of 55.2% from CNY 388.01 million[144]. - Accounts receivable increased slightly to CNY 110.89 million, compared to CNY 108.78 million, indicating a growth of 1.02%[144]. - Inventory grew to CNY 80.91 million, up from CNY 71.68 million, reflecting a 12.3% increase[144]. - Total liabilities increased to CNY 157.81 million, up from CNY 89.01 million, marking a rise of 77.4%[146]. - Total assets reached CNY 974.63 million, compared to CNY 866.74 million at the start of the year, an increase of 12.5%[146]. - Owner's equity rose to CNY 816.82 million, up from CNY 777.73 million, indicating a growth of 5.0%[146]. - The company reported a significant increase in accounts payable, which rose to CNY 57.52 million from CNY 45.73 million, a growth of 25.0%[145]. Future Outlook - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the industry[145]. - The company is exploring potential mergers and acquisitions to strengthen its market position and drive future growth[145]. - The management expressed optimism about achieving the annual performance guidance, expecting continued growth in revenue and profitability[167]. - The company aims to leverage technological advancements to enhance product offerings and customer satisfaction in the upcoming quarters[167]. - The company is focusing on enhancing its research and development capabilities to drive innovation in its product offerings[172]. - The overall financial health of the company remains robust, with a total asset balance reflecting stability and growth potential[172]. - The company is exploring strategic acquisitions to bolster its market position and expand its operational capabilities[172].

证券代码：301119 证券简称：正强股份 公告编号：2022-035 杭州正强传动股份有限公司 关于参加浙江辖区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。 为进一步加强与投资者的沟通交流，提升公司投资者关系管理水平，杭州正 强传动股份有限公司（以下简称"公司"）将参加由浙江证监局指导、浙江上市 公司协会与深圳市全景网络有限公司共同举办的辖区上市公司投资者网上集体 接待日活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上交流平台举行，投资者可以登录"全景路演"网站（http://rs.p5w.net）参与公 司本次活动，网上互动交流时间为 2022 年 5 月 13 日（星期五）15:00-17:00。 届时，公司董事长、总经理许正庆先生，财务总监、董事会秘书（代）王杭 燕女士将通过互动平台与投资者进行网络沟通和交流，欢迎广大投资者参加。 特此公告。 杭州正强传动股份有限公司董事会 2022 年 5 月 10 日 ...

Financial Performance - The company's revenue for Q1 2022 was ¥88,988,254.41, representing a 13.90% increase compared to ¥78,131,506.74 in the same period last year[3] - Net profit attributable to shareholders was ¥15,947,281.75, up 26.42% from ¥12,614,085.10 year-on-year[3] - Net profit for the current period was ¥15,947,281.75, representing a 26.5% increase from ¥12,614,085.10 in the previous period[21] - Operating profit increased to ¥18,091,337.01, a rise of 21.5% compared to ¥14,870,341.28 in the last period[21] - The company reported a total comprehensive income of ¥15,947,281.75, an increase from ¥12,614,085.10 in the last period[22] Cash Flow - The net cash flow from operating activities increased significantly by 183.19%, reaching ¥28,896,632.28 compared to ¥10,203,914.19 in the previous year[3] - Cash flow from operating activities generated a net amount of ¥28,896,632.28, significantly higher than ¥10,203,914.19 in the prior period[25] - The cash flow from investment activities showed a remarkable increase of 1675.51%, amounting to ¥119,613,408.21, primarily due to bank wealth management redemptions[7] - Cash flow from investment activities yielded a net inflow of ¥119,613,408.21, compared to a net outflow of ¥7,592,060.74 in the previous period[26] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥888,108,199.30, a 2.46% increase from ¥866,743,912.77 at the end of the previous year[3] - The total current liabilities rose to RMB 84,170,030.09, up from RMB 78,436,253.75, indicating an increase of approximately 7.0%[18] - The company's total equity attributable to shareholders reached RMB 793,674,145.93, compared to RMB 777,731,498.34 at the beginning of the year, marking an increase of about 2.0%[18] - The total liabilities of the company were RMB 94,434,053.37, an increase from RMB 89,012,414.43, representing a growth of about 6.0%[18] Shareholder Information - The company reported a total of 12,956 common shareholders at the end of the reporting period[8] - The company has a total of 60,000,000 restricted shares, which will remain restricted until November 22, 2024[12] Research and Development - Research and development expenses rose by 47.52% to ¥3,859,664.19, reflecting the company's commitment to enhancing product competitiveness[6] - Research and development expenses rose to ¥3,859,664.19, up 47.3% from ¥2,616,376.19 in the previous period[21] Earnings Per Share - The company's basic earnings per share decreased by 4.76% to ¥0.20 from ¥0.21 in the same period last year[3] - The basic and diluted earnings per share were both ¥0.20, slightly down from ¥0.21 in the previous period[22] Future Plans - The company has announced plans for future expansion and investment in new technologies, although specific financial figures were not disclosed in the report[13]

Financial Performance - The company reported a total revenue of RMB 800 million for the year 2021, representing a year-on-year increase of 15% compared to 2020[15]. - The net profit attributable to shareholders was RMB 120 million, which is a 10% increase from the previous year[15]. - The company's operating revenue for 2021 was ¥354,105,954.56, representing a 25.53% increase compared to ¥282,096,369.47 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥53,011,355.73, a slight increase of 0.18% from ¥52,918,568.17 in 2020[20]. - The net profit after deducting non-recurring gains and losses was ¥51,186,427.78, which is a 7.33% increase from ¥47,691,504.58 in 2020[20]. - The total assets at the end of 2021 reached ¥866,743,912.77, marking a significant increase of 64.22% from ¥527,791,575.25 at the end of 2020[20]. - The net assets attributable to shareholders increased by 78.90% to ¥777,731,498.34 at the end of 2021, compared to ¥434,737,530.34 at the end of 2020[20]. - The company reported a decrease of 15.00% in net cash flow from operating activities, totaling ¥42,620,126.69 in 2021, down from ¥50,141,793.59 in 2020[20]. - The company maintained a weighted average return on equity of 10.92% in 2021, down from 12.96% in 2020[20]. - The company achieved a total revenue of CNY 354.11 million in 2021, representing a year-on-year growth of 25.53%[53]. - The net profit attributable to shareholders was CNY 51.19 million, with a year-on-year increase of 7.33% after deducting non-recurring gains and losses[53]. - The automotive parts business accounted for 99.11% of total revenue, with a revenue of CNY 350.95 million, up 24.89% year-on-year[57]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[176]. - A strategic acquisition of a local competitor is anticipated to enhance the company's product offerings and market reach, expected to be finalized by Q3 2022[172]. - The company plans to enhance its technology leadership through the development of new products suitable for high-torque new energy vehicles, aiming for domestic substitution[69]. - The company plans to enhance its production capacity by building a new automated production line, aiming to improve production efficiency and expand market share[96]. - The company aims to expand its customer base by improving product quality and cost-effectiveness, targeting large automotive parts suppliers and new energy vehicle component suppliers[99]. Research and Development - The company has allocated RMB 30 million for research and development in new technologies for the upcoming fiscal year[15]. - Research and development expenses rose by 27.52% to 16,088,096.57 yuan in 2021 from 12,616,168.79 yuan in 2020[68]. - The company holds 19 invention patents and 29 utility model patents, reflecting its strong R&D capabilities in the cross-axis universal joint assembly sector[40]. - The company has committed to maintaining a dividend payout ratio of 40% of net profits for the upcoming fiscal year[173]. - New product lines are expected to contribute an additional 200 million RMB in revenue in 2022[174]. Operational Efficiency - The company operates under a "make-to-order" production model, aligning production with sales orders to optimize efficiency[41]. - The company aims to reduce operational costs by 15% through efficiency improvements and technology integration[175]. - The company will focus on upgrading its manufacturing processes to establish smart production lines, enhancing operational efficiency through data analysis[98]. - The company has implemented a flat management structure and refined management systems to enhance operational efficiency[52]. Risk Management - Management highlighted the importance of risk management strategies to mitigate potential impacts from market fluctuations and supply chain disruptions[5]. - The company faces risks related to cyclical fluctuations in the automotive industry, which could adversely affect its performance[102]. - The automotive industry is facing risks due to global chip shortages, which may lead to reduced orders for the company as downstream manufacturers cut production[107]. - The company reported a decline in gross margin due to falling product prices and rising costs, indicating potential future risks[105]. Governance and Compliance - The company has established a complete governance structure, ensuring compliance with relevant laws and regulations, and enhancing operational transparency[112]. - The board of directors consists of 5 members, including 2 independent directors, and has held 5 meetings during the reporting period[115]. - The supervisory board comprises 3 members, including 1 employee supervisor, and has also convened 5 meetings, ensuring compliance with legal requirements[116]. - The company maintains independence in business operations, personnel management, asset control, and financial decision-making, separate from its controlling shareholder[121][122]. - The company has established a complete and effective internal control system to mitigate operational risks and meet management requirements[152]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls in all material aspects[156]. Employee and Community Engagement - The company has implemented a performance-based salary system, linking wages to attendance and adherence to company regulations[146]. - The company conducted various training programs to ensure 100% coverage on production, safety, and environmental training for employees[147]. - The company has actively participated in community support initiatives, providing assistance to vulnerable groups during the reporting period[165]. - The company emphasizes a safe and healthy work environment, ensuring compliance with labor laws and regulations[162]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.75 per 10 shares, totaling RMB 6 million for all shareholders[5]. - The company distributed a cash dividend of 6,000,000.00 CNY, which represents 100% of the distributable profit of 130,808,221.91 CNY[149]. - The company has a total of 80,000,000 shares as the basis for the dividend distribution plan, with a payout of 0.75 CNY for every 10 shares[148]. - The company aims to actively distribute profits to shareholders, with a focus on achieving better returns based on profitability and operational needs[200]. - The profit distribution will primarily be in cash or a combination of cash and stock, prioritizing cash dividends[200].