Group 1: Company Overview and Clientele - The company primarily supplies suspension systems, with direct sales agreements signed with major automotive manufacturers such as Geely, Changan Mazda, Great Wall Motors, and Leap Motor, currently accounting for approximately 2% of revenue [1] - In 2022, the company had significant business with Tier 1 clients including BASF, Tenneco, and Mando, indirectly supporting brands like Volkswagen, Mazda, Honda, General Motors, Geely, and Chery [1] - The company’s products applicable to new energy vehicles accounted for about 22% in 2022 [3] Group 2: Production Capacity and Market Trends - New production capacity established in 2022 primarily serves clients such as BASF, Tenneco, and Geely, focusing on components like suspension shock absorber aluminum castings and powertrain aluminum castings [2] - The company is currently experiencing a recovery in orders as the automotive market rebounds, with production capacity not yet fully saturated [2] - The company is actively researching components for electronic control shock absorbers and air suspension systems, with some parts already in mass production [2] Group 3: Product Development and Innovations - Key products expected to contribute significantly to performance in 2023 include water pump housings, chassis damping rubber parts, and aluminum brackets [4] - The company has achieved technological breakthroughs in components for electric drive systems, steering systems, and hub motor systems [4] - The company is focusing on high-precision automotive aluminum die-casting and machining technology, aiming to develop larger, more complex, and high-precision products [6] Group 4: Material and Cost Management - The company is negotiating with clients regarding product pricing in response to rising raw material costs [5] - The trend in the use of materials for suspension shock absorber supports is shifting towards polyurethane, although rubber still dominates the market due to established usage by most automotive manufacturers [2]

江苏纽泰格科技集团股份有限公司 2022 年第三季度报告 证券代码：301229 证券简称：纽泰格 公告编号：2022-064 江苏纽泰格科技集团股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 江苏纽泰格科技集团股份有限公司 2022 年第三季度报告 一、主要财务数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 194,230,489.55 | 60.34% | 467,224,747.32 | 21.60% | | 归属 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥272,994,257.77, representing a 3.77% increase compared to ¥263,086,406.38 in the same period last year[24]. - The net profit attributable to shareholders decreased by 63.04% to ¥10,852,402.65 from ¥29,358,644.50 in the previous year[24]. - Basic and diluted earnings per share dropped by 69.75% to ¥0.1480 from ¥0.4893 in the same period last year[24]. - The gross profit margin for the suspension system components decreased by 11.75% to 22.40%, while revenue from this segment was ¥159,991,233.56[67]. - Total operating revenue for the first half of 2022 was CNY 272,994,257.77, an increase of 3.3% compared to CNY 263,086,406.38 in the same period of 2021[192]. - Net profit for the first half of 2022 was CNY 10,852,402.65, a decrease of 63.0% from CNY 29,358,644.50 in the same period of 2021[194]. - Earnings per share (EPS) for the first half of 2022 was CNY 0.1480, down from CNY 0.4893 in the first half of 2021[195]. Cash Flow and Investments - The net cash flow from operating activities fell by 70.11% to ¥4,549,882.40, down from ¥15,224,046.50 in the prior year[24]. - The net cash flow from operating activities decreased by 70.11% to ¥4,549,882.40, down from ¥15,224,046.50, primarily due to delayed customer payments and increased inventory[65]. - The company reported a significant increase in net cash flow from financing activities, amounting to ¥278,676,544.58, compared to a negative flow of ¥13,069,823.79 in the previous year, due to the inflow of raised funds[65]. - Cash and cash equivalents increased to ¥175,061,369.59, representing 18.53% of total assets, up from 4.99% last year, primarily due to the arrival of raised funds[72]. - The company invested ¥77,684,352.48 during the reporting period, a significant increase from ¥0 in the same period last year[76]. - The total amount of raised funds was ¥31,967.43 million, with ¥10,768.44 million utilized during the reporting period[82]. - The company has committed to invest 131.53 million yuan in the Jiangsu Meyer automotive aluminum casting parts project, with 34.34% of the investment completed by the reporting date[86]. Assets and Liabilities - Total assets increased by 49.67% to ¥944,573,854.65 compared to ¥631,115,529.74 at the end of the previous year[24]. - The company's total assets reached CNY 944,573,854.65, an increase from CNY 631,115,529.74 at the beginning of the year, representing a growth of approximately 49.7%[186]. - The company's current assets totaled CNY 615,013,590.32, up from CNY 361,295,205.84, indicating a growth of about 70.3%[184]. - The total liabilities decreased to CNY 195,029,981.78 from CNY 201,462,985.44, a reduction of approximately 3.2%[186]. - The equity attributable to shareholders increased to CNY 749,543,872.87 from CNY 429,652,544.30, showing a growth of around 74.5%[186]. Research and Development - Research and development investment rose by 6.96% to ¥14,302,485.98, up from ¥13,372,278.26, reflecting the company's commitment to innovation[65]. - The company holds 108 patents, including 4 invention patents, showcasing its strong focus on intellectual property development[58]. - The company has established independent R&D and production capabilities, focusing on lightweight aluminum and plastic applications across various automotive systems[33]. Operational Challenges - The company faced significant declines in net profit and cash flow, indicating potential operational challenges[24]. - The company is exposed to operational risks due to COVID-19, which has affected order fulfillment and increased logistics costs[101]. - The company faces risks from raw material price fluctuations, particularly aluminum and plastic, which could impact production costs and profit margins[100]. Corporate Governance and Investor Relations - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has established a good investor relationship through various communication channels, including online interactions during the annual performance briefing[121]. - The first extraordinary general meeting of 2022 had an investor participation rate of 71.31%[112]. - The company has implemented measures to ensure all investors can fully exercise their rights during shareholder meetings, including both in-person and online voting options[121]. Environmental and Quality Management - The company has not faced any administrative penalties due to environmental issues during the reporting period[119]. - The company maintains a normal operation of its environmental management system without any pollution incidents or violations[120]. - The company adheres to a quality-first principle, aiming to enhance customer satisfaction through superior product quality and service[123]. - The company maintains a robust quality management system to ensure product safety and quality[123]. Market Position and Product Development - The main business involves the manufacturing of automotive parts, specifically aluminum and plastic components for suspension systems and interior/exterior trims[33]. - The company has developed a complete process system from mold development to product manufacturing, gaining recognition from domestic and international automotive suppliers[33]. - The company actively engages in new product development and market expansion to meet evolving customer demands and industry trends[47]. - The company has expanded its product line to include aluminum die-cast power system mounts and heat sink plates, responding to market demand for new products[47].

Financial Performance - The company's operating revenue for Q1 2022 was ¥147,157,582.52, representing a 14.41% increase compared to ¥128,621,086.93 in the same period last year[4] - Net profit attributable to shareholders decreased by 71.85% to ¥5,213,147.63 from ¥18,521,423.14 year-on-year[4] - Basic earnings per share fell by 74.67% to ¥0.0782 from ¥0.3087 in the same period last year[5] - Operating profit for Q1 2022 was CNY 6,562,544.74, down 70.7% from CNY 22,411,654.32 in Q1 2021[23] - The total comprehensive income for Q1 2022 was CNY 5,213,147.63, reflecting a decrease of 71.9% compared to CNY 18,521,423.14 in Q1 2021[24] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥17,775,562.59, a decline of 376.18% compared to ¥6,436,183.95 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 17,775,562.59, compared to a net inflow of CNY 6,436,183.95 in Q1 2021[28] - The company’s cash flow from operating activities showed a positive trend, indicating improved liquidity and operational efficiency[20] - Total cash and cash equivalents at the end of Q1 2022 reached CNY 338,683,565.62, an increase from CNY 25,165,754.94 at the end of Q1 2021[30] Assets and Liabilities - Total assets increased by 59.67% to ¥1,007,694,501.87 from ¥631,115,529.74 at the end of the previous year[5] - The total liabilities increased to RMB 252,115,599.48 from RMB 201,462,985.44, representing a rise of 25.1%[18] - The total assets as of March 31, 2022, reached RMB 1,007,694,501.87, up from RMB 631,115,529.74 at the beginning of the year, marking a growth of 59.7%[19] - The company's equity attributable to shareholders rose to RMB 755,578,902.39 from RMB 429,652,544.30, an increase of 76.0%[19] Costs and Expenses - The company reported a significant increase in costs due to rising prices of raw materials, impacting overall profitability[9] - The total operating costs for Q1 2022 were RMB 142,024,096.58, up 34.2% from RMB 105,760,835.08 in the previous year[21] - The company incurred higher expenses related to its successful IPO, contributing to the decline in net profit compared to the previous year[9] - Research and development expenses increased to CNY 5,779,235.83, up 31.5% from CNY 4,396,109.01 in the previous year[23] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 564,411.67 from CNY 409,291.01 in the previous year[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,286[11] - The company issued 20,000,000 shares at a price of RMB 20.28 per share, raising significant capital for future expansion[13] Other Financial Metrics - Non-recurring gains and losses totaled ¥331,971.54 for the period, after accounting for tax effects[7] - Total revenue from sales of goods and services was CNY 126,795,550.23, slightly up from CNY 124,150,326.85 in Q1 2021[27] - Accounts receivable increased to RMB 184,529,768.15 from RMB 180,835,880.54, reflecting a growth of 2.0%[16] - Inventory levels rose to RMB 121,006,852.90, compared to RMB 105,233,941.03 at the start of the year, indicating a 15.0% increase[16] - Cash and cash equivalents at the end of Q1 2022 amounted to RMB 343,595,896.93, significantly higher than RMB 31,509,206.89 at the beginning of the year[15]

Financial Performance - The company's operating revenue for 2021 was ¥548,721,278.84, representing a 10.71% increase compared to ¥495,625,590.51 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥52,513,015.29, a decrease of 8.56% from ¥57,426,810.73 in 2020[18]. - The net profit attributable to shareholders decreased by 7.05% to ¥50,808,150.99 compared to the previous year[22]. - The net cash flow from operating activities dropped significantly by 73.38% to ¥17,823,621.50[22]. - Basic and diluted earnings per share fell by 8.33% to ¥0.88[22]. - Total assets increased by 10.83% to ¥631,115,529.74 year-over-year[22]. - Net assets attributable to shareholders rose by 15.38% to ¥429,652,544.30[22]. - The company achieved a gross profit margin of 24.19% in 2021, which is a decrease of 4.55% compared to the previous year[68]. - The total sales amount from the top five customers reached ¥423,322,304.02, accounting for 77.15% of the annual total sales[73]. - The total procurement amount from the top five suppliers was ¥160,641,450.02, representing 52.47% of the annual total procurement[74]. Market and Industry Trends - The automotive industry showed resilience with a 3.4% increase in production and a 3.8% increase in sales, totaling 26.27 million vehicles in 2021[30]. - The demand for lightweight technology in the new energy vehicle sector is growing, driven by the need to reduce vehicle weight and increase driving range[36]. - The Chinese government aims for new energy vehicles to account for approximately 20% of total new car sales by 2025, with a focus on electric vehicles becoming mainstream by 2035[36]. - The automotive lightweighting trend is expected to enhance vehicle performance, safety, and comfort, aligning with consumer demands[35]. - The Chinese automotive parts industry is increasingly integrated into the global supply chain, reflecting its growing international competitiveness[35]. Research and Development - The company is committed to enhancing its research and development capabilities to innovate new products[5]. - The company achieved a research and development investment of ¥27,293,255.01 in 2021, representing 4.97% of its operating revenue[86]. - The number of R&D personnel increased by 16.67% from 72 in 2020 to 84 in 2021[85]. - The company has focused on developing laser welding technology for aluminum battery packs, expanding its market presence[84]. - The company has successfully developed new products to break the foreign market monopoly in high rebound plastic springs[79]. Production and Operations - The company produced 65,712,570 suspension system components, a 14.06% increase compared to the previous year, and sold 64,726,385 units, a 13.68% increase[50]. - The production and sales of aluminum castings increased by over 100%, with production reaching 8,638,428 units and sales at 8,173,696 units, reflecting a growth of 109.26% and 119.29% respectively[50][51]. - The company has developed proprietary automation equipment to enhance production efficiency, including a specialized cutting lathe for polyurethane materials, which has significantly improved product quality and production rates[58]. - The company has implemented automated production lines for rubber ring assembly, significantly improving work efficiency and reducing labor costs[85]. - The company has optimized the design of existing products to enhance their structural integrity and load-bearing capacity[85]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[123]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a robust governance framework[133]. - The company has a clear governance structure with no differential voting rights arrangements[140]. - The company has not reported any related party transactions that could lead to conflicts of interest[138]. - The company is committed to transparency and has disclosed all necessary information regarding its governance and financial performance[138]. Shareholder Returns - The company plans to distribute a cash dividend of ¥1.00 per 10 shares (including tax) to all shareholders, based on a total of 80,000,000 shares[5]. - The board of directors has approved the profit distribution plan, emphasizing shareholder returns[5]. - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of 76,969,334.58 yuan[174]. - The cash dividend policy has remained unchanged during the reporting period, adhering to relevant laws and regulations[171]. Challenges and Risks - Future outlook includes potential risks associated with market fluctuations and operational challenges[5]. - The company has identified raw material price fluctuation as a risk factor, with aluminum ingot and plastic granules constituting over 50% of production costs[113]. - The company faced risks related to the global chip shortage impacting the automotive industry, which could lead to order cancellations or significant reductions in orders[114]. - The company's performance is closely tied to macroeconomic conditions and the cyclical nature of the automotive industry, with potential impacts on order volumes during economic downturns[116]. Employee Management - The company employed a total of 895 staff members at the end of the reporting period, with 737 in production roles[167]. - The company has established a comprehensive salary management system, focusing on performance and capability, with salaries including base pay, performance bonuses, and allowances[168]. - The company has implemented a comprehensive training program to enhance employee skills and safety awareness, including both internal and external training[170]. - The company has 84 technical personnel, indicating a strong focus on technical expertise[167]. Strategic Initiatives - The company plans to enhance its R&D capabilities focusing on lightweight automotive components and aims to develop new technologies such as ultra-low speed die casting and semi-solid die casting[106]. - The company intends to expand its product line in aluminum die-casting components, targeting the growing demand for lightweight automotive parts[108]. - The company will actively develop overseas markets to enhance its industry recognition and influence[109]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million allocated for potential deals[147].

Financial Performance - The company's operating revenue for 2021 was ¥548,721,278.84, representing a 10.71% increase compared to ¥495,625,590.51 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥52,513,015.29, a decrease of 8.56% from ¥57,426,810.73 in 2020[18]. - The company has maintained a consistent growth trajectory in revenue over the past three years, with 2019 revenue at ¥413,254,023.90[18]. - The net profit attributable to shareholders decreased by 7.05% to ¥50,808,150.99 compared to the previous year[22]. - The net cash flow from operating activities dropped significantly by 73.38% to ¥17,823,621.50[22]. - Basic and diluted earnings per share fell by 8.33% to ¥0.88[22]. - Total assets increased by 10.83% to ¥631,115,529.74 year-over-year[22]. - Net assets attributable to shareholders rose by 15.38% to ¥429,652,544.30[22]. - The company achieved a gross profit margin of 24.19% in 2021, which is a decrease of 4.55% compared to the previous year[68]. - The revenue from suspension system components was ¥320,515,858.25, accounting for 58.41% of total revenue, with a growth of 7.08% from the previous year[67]. - The revenue from aluminum castings increased significantly by 136.29% to ¥94,872,631.63, while the revenue from molds decreased by 52.47% to ¥25,270,246.69[67]. - The production volume of automotive parts increased by 17.91% to 87,851,653 units in 2021, while the sales volume rose by 17.67% to 86,553,247 units[70]. Market and Industry Trends - The automotive industry showed resilience with a 3.4% increase in production and a 3.8% increase in sales, totaling 26.27 million vehicles in 2021[30]. - The automotive parts market is expected to grow due to trends in lightweight and electric vehicle components[34]. - In 2021, China's automotive parts export value reached CNY 488.39 billion, representing a 25% increase compared to 2020[35]. - The demand for lightweight technology in new energy vehicles is increasing, driven by the need to reduce weight and enhance driving range, which is critical for addressing consumer concerns about battery life and charging convenience[36]. - The domestic electric vehicle market has been experiencing year-on-year growth in production and sales, with a target of 20% of new car sales being new energy vehicles by 2025[36]. - The automotive lightweighting trend is being accelerated by stringent fuel consumption and emission regulations imposed by governments worldwide, pushing manufacturers to adopt innovative design and material solutions[35]. Company Strategy and Operations - The company is focused on expanding its market presence and developing new technologies[5]. - The company is positioned in the automotive parts industry, focusing on components such as suspension systems and plastic parts[30]. - The company is actively developing new automotive components, including aluminum die-cast power system mounts and engineering plastic supports, to enhance market competitiveness[41]. - The company has developed a complete process system from mold development to product manufacturing, gaining recognition from domestic and international automotive parts suppliers[42]. - The company employs a "make-to-order" production model, ensuring that production plans align with customer delivery requirements[47]. - The company has implemented cost reduction measures to mitigate the impact of rising raw material prices on operating costs[64]. - The company is focused on continuous technological innovation, optimizing core processes in aluminum die-casting and blow molding to enhance product performance[57]. Research and Development - The company achieved a research and development investment of ¥27,293,255.01 in 2021, representing 4.97% of its operating revenue[86]. - The number of R&D personnel increased by 16.67% from 72 in 2020 to 84 in 2021[85]. - The company has developed new technologies for laser welding of aluminum battery packs, expanding its market presence[84]. - The company completed the development of a new precision injection molding cap product, addressing existing structural issues and market demands[78]. - The company has successfully developed lightweight components and optimized designs to meet market demand for automotive lightweighting[84]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[123]. - The company maintains a high level of independence from its controlling shareholders in terms of assets, personnel, and financial management[133]. - The company has a robust internal control system in place to manage financial decisions independently, with no shared bank accounts with controlling shareholders[135]. - The company has not reported any related party transactions that could be deemed unfair during the reporting period[138]. - The company is committed to transparency and has disclosed all necessary information regarding its governance and financial performance[138]. Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.00 per 10 shares (including tax) to all shareholders, based on a total of 80,000,000 shares[5]. - The cash dividend represents 100% of the total distributable profit of 76,969,334.58 yuan[174]. - The cash dividend policy has remained unchanged during the reporting period, ensuring compliance with relevant laws and regulations[171]. - The company has maintained a transparent decision-making process for profit distribution, involving independent directors and considering minority shareholders' opinions[172]. Employee Management and Development - The company has established a comprehensive salary management system aimed at long-term mutual development with employees[168]. - The company has implemented a comprehensive training program to enhance employee skills and safety awareness, including both internal and external training[170]. - The company has not reported any risks during the supervisory activities of the board[165]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[186]. Risks and Challenges - The company has identified risks related to raw material price fluctuations, particularly for aluminum ingots and plastic pellets, which accounted for over 50% of production costs[113]. - The company faced risks related to the global chip shortage, which could lead to order cancellations or significant reductions due to downstream production cuts[114]. - The company highlighted the cyclical nature of the automotive industry, indicating that economic downturns could negatively impact demand for automotive components[116].