YINLUN(SZ:002126)2022-08-25 16:00Financial Performance - The company's operating revenue for the reporting period was ¥3,866,618,664.69, a decrease of 4.63% compared to the same period last year[33]. - The net profit attributable to shareholders was ¥131,497,078.49, down 25.02% year-on-year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥93,039,008.78, a decline of 40.30% compared to the previous year[33]. - The net cash flow from operating activities increased by 61.40% to ¥125,659,651.53[33]. - Total assets at the end of the reporting period were ¥12,513,316,835.64, reflecting a growth of 4.37% from the end of the previous year[33]. - The weighted average return on net assets was 2.96%, down 1.35% from the previous year[33]. - The company's new energy business generated sales revenue of CNY 78.58 million, representing a year-on-year growth of 105.12%[71]. - The sales revenue from passenger vehicles increased by 37.76% to ¥1,424,103,708.78, contributing 36.83% to total revenue[76]. Risks and Challenges - The company reported that raw material costs account for approximately 80% of its main business costs, making fluctuations in prices of metals like aluminum, steel, iron, and copper a significant risk to profitability[5]. - The automotive industry is a key sector for the national economy, and macroeconomic fluctuations can impact orders for commercial vehicles, passenger cars, and new energy vehicles, thereby affecting the company's performance[4]. - The company is currently navigating risks associated with the ongoing global pandemic, which has impacted the automotive supply chain and may continue to affect performance if conditions worsen[9]. - The company faces intense competition in the automotive parts manufacturing industry, particularly in thermal management and exhaust treatment products, which may affect market share if product competitiveness is not enhanced[6][7]. - The company exports a portion of its products to the US and Europe, making it vulnerable to adverse effects from global economic conditions and exchange rate fluctuations[8]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares, nor to increase capital using reserves[11]. - The management emphasizes the importance of improving brand influence and product technology to maintain market position[6][7]. - The company aims to enhance its internationalization strategy by establishing international trade offices and service centers[65]. - The company has formed strategic partnerships with major clients, including BMW, Daimler, and Caterpillar, enhancing its competitive position[68]. - The company is focusing on expanding its market share in the new energy vehicle heat management sector, with expected annual new sales revenue of nearly CNY 2.8 billion from new projects[63]. - The company has established R&D centers in Shanghai, Europe, and North America, enhancing its innovation capabilities[58]. - The company has implemented a stock option incentive plan, granting 49.49 million stock options at an exercise price of 10.14 CNY per share[114]. Environmental and Social Responsibility - The company has established a 100t/h comprehensive wastewater treatment plant since March 2012, ensuring all production and domestic wastewater meets standards before discharge[119]. - The company has built a 1200t/d comprehensive wastewater treatment plant for its subsidiary, Tian Tai Zhen Hua Surface Treatment Co., Ltd., operational since July 2019[121]. - The company has implemented various pollution control measures, including low-temperature plasma and catalytic combustion for waste gas treatment, ensuring compliance with emission standards[120]. - The company has set energy management goals to reduce energy consumption per unit of output and increase the use of clean energy sources[126]. - The company actively develops green technologies such as thermal management systems for new energy vehicles and waste heat recovery systems[126]. - The company has a commitment to exceed national standards in product quality, environmental protection, and resource utilization[126]. - The company donated a total of 590,000 yuan during the reporting period, including 400,000 yuan to the local charity association and 190,000 yuan for elderly care[129]. Investment and Financial Management - The total amount of funds raised by the company from 2017 to 2021 is RMB 139,543.47 million, with RMB 9,246.9 million utilized during the reporting period[90]. - The company has invested CNY 102,832.93 million in entrusted financial management products, with a remaining balance of CNY 66,710.69 million[159]. - The company has no overdue amounts or impairment provisions for entrusted financial management products[159]. - The company reported a total of 5,800 million in large-denomination time deposits with an annualized return of 4.30%, resulting in an expected income of 748.2 million[162]. - The company has a total of 20,000 million in structured deposits with a guaranteed floating return, yielding an expected income of 160.39 million at an annualized rate of 3.55%[164]. - The company has a total of 3,000 million in large-denomination time deposits with an expected income of 303.21 million at an annualized rate of 4.13%[162]. Corporate Governance - The company's legal representatives have confirmed the accuracy and completeness of the financial report, ensuring accountability for the information presented[3]. - The company has not disclosed specific financial performance metrics in this report, focusing instead on risk factors and strategic considerations[4][5][6]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[111]. - The company has not experienced any changes in its board of directors, supervisors, or senior management during the reporting period[110]. - The company reported no significant related party transactions during the reporting period[148].