Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
Anhui Zhongding Sealing Parts Co.Ltd.Abstract of the Annual Report 2024
Stock Abbreviation: Zhongding Stock
Stock code: 000887
April 2025Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
Ⅰ.Important Statements
This is an abstract of the Annual Report 2024.Investors are suggested to read the complete version of the Annual
Report 2024 on the media which is designated by the China Securities Regulatory Commission(the “CSRC”) to
have a full understanding of operational results financial statements and future plans of the Company. Should there
be any inconsistency between the Chinese version and English version the Chinese version shall prevail.All directors attended the Annual Report Meeting of the Board of Directors.Modified Audit Opinion
□ Applicable √ N/A
The preliminary plan for dividend distribution and converting capital reserves into share capital for common
shareholders which were considered and approved by the Board during the reporting period.√ Applicable □ N/A
Converting capital reserves into share capital
□ Yes √ No
The Board has considered and approved the following dividend payout plan for the Reporting Period: based on the
Company's total shares of 1316489747，the Company should distribute a cash dividend of RMB 1.5 (tax inclusive)
and 0 stock dividend (tax inclusive) per 10 shares to all the shareholders and should not convert capital reserves into
share capital.The preliminary plan for dividend distribution for preferred shares in the reporting period was approved by the
Board
□ Applicable √ N/A
Ⅱ.Company Profile
1. Company Information
Stock Abbreviation Zhongding Stock Stock Code 000887
Stock Exchange Where the Shares of
Shenzhen Stock Exchange
the Company are Listed
Contact Us Board Secretary Securities Representative
Name Jiang Weijian Wang Songyuan
Economic and Technological Development Economic and Technological Development
Address
Zone Ningguo City Anhui Province Zone Ningguo City Anhui Province
Fax 0563-4181880 transfer to 6071 0563-4181880 transfer to 6071
Tel. 0563-4181887 0563-4181887
E-mail jiangwj@zhongdinggroup.com wangsy@zhongdinggroup.com
2. Main Business or Product Profile during the Reporting Period
(1)The Auto Industry Situation during the Reporting Period
In 2024 automobile production and sales reached 31.282 million and 31.436 million respectively with
year-on-year growth of 3.7% and 4.5% respectively. In 2024 the production and sales of passenger vehicles were 27.477
1Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
million and 27.5663 million respectively up 5.2% and 5.8% year-on-year. In 2024 the cumulative production and sales
of new energy vehicles in China will be 12.888 million and 12.866 million respectively up 34.4% and 35.5%
year-on-year. (Data from China Association of Automobile Manufacturers statistical analysis)
(2)The main business of the company during the reporting period
1)The company has been continuously promoting the improvement of cost control and refined management in its
overseas factories and further advancing the construction of overseas raw material production and mold manufacturing
businesses. By reducing the manufacturing costs of overseas enterprises optimizing expenses and other measures the
speed and certainty of the recovery of overseas business have been increased. Through continuous management
improvement both domestic and overseas businesses have maintained a continuously positive growth trend and the
company's overall profits have gradually increased. Based on years of cooperation with overseas enterprises the company
has gradually strengthened the strategy of management output and cultural output strengthened the cost control of
overseas enterprises promoted business integration and market expansion and at the same time fully utilized the
advantages of the Chinese engineer talent pool further accelerating the absorption and innovation of technology. In the
automotive field the company will continue to focus on the strategic goal of the intelligent chassis system drive the
company's business to advance towards intelligence maintain stable growth of traditional businesses and rapidly develop
incremental businesses. At the same time the company will actively promote the layout in the fields of humanoid robots
low-altitude economy AI etc. especially focusing on the humanoid robot field as the core strategic goal of the company.The company continues to rank among the "Top 100 Global Automotive Components Industry Companies" (ranked
89th).
2)Intelligent Chassis system business-Air suspension system
a.Introduction of Products
Compared with the traditional steel car suspension system the air suspension has many advantages. The most
important point is that the elastic coefficient of the spring which is the hardness of the spring can be automatically
adjusted according to the needs. According to different road conditions and the signals from the distance sensor the
on-board computer will determine the change in the vehicle height and then control the air compressor and exhaust valve
to make the spring automatically compress or extend thereby reducing or increasing the ground clearance of the chassis
in order to increase the stability of the vehicle at high speeds or the passability in complex road conditions. The air
suspension system enables a car to have the comfort of a sedan while also having the handling performance of an off-road
vehicle. The air suspension system includes air compressors control units multi-system sensors air springs shock
absorbers etc.
2Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
b.Future Market potential
With the advent of the era of new energy vehicles the demand for intelligence in new energy cars has emerged
and at the same time the air suspension system for chassis protection is no longer exclusive to high-end models.Due to the much higher stability requirements of the new energy vehicle chassis system compared to pure fuel
vehicles the air suspension system has gradually become the mainstream configuration for new energy vehicle
platforms.Advanced voice intelligent systems intelligent air suspension systems and outstanding autonomous driving
functions are all the core of current automotive intelligence. Tesla and new autonomous vehicle brands such as NIO
Li Auto and Xiao Peng have also equipped air suspension systems and other such technologies and intelligent
functions. With the further improvement of air suspension system technology and the increasing recognition of
owners for the ultimate experience of air suspension products in the future more and more cars will be equipped
with air suspension systems to enhance the superiority and customer satisfaction of their products.In addition apart from being used in passenger cars air suspension systems are also widely adopted in most
medium-sized and above buses and light commercial vehicles in developed countries. Heavy trucks except for
engineering vehicles almost all road transport vehicles use air suspension. The GB7258 "Technical Conditions for
Motor Vehicle Operation Safety" that came into effect in China in 2018 also requires: "The rear axle of dangerous
goods transport trucks with a total mass of 12000 kg or more all dangerous goods transport semi-trailers and
three-axle box-type and shed-type semi-trailers should be equipped with air suspension."
The air suspension system has gradually moved from the high-end to the popular level and will eventually
become an indispensable part of automobiles especially intelligent automobiles.c.Company industry position and business promotion
The German AMK subsidiary of the company as a leading high-end supplier of air suspension systems in the
industry has been a top-three player since the 1990s. Since entering the air suspension system business in the 1990s
it has continuously improved its product assembly technology and has been deeply involved in the industry for over
3Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
two decades providing components for world-class original equipment manufacturers such as Jaguar Land Rover
Volvo Audi Mercedes-Benz and BMW. The domestic air suspension market is still in its infancy. AMK China has
been accelerating the development of a supply chain system that optimizes the performance and cost of air
suspension systems in the Chinese passenger vehicle market. AMK will continue to develop steadily based on the
strategic goal of "accelerating localization technological iteration and upgrading and strengthening and completing
the industry". AMK China has already obtained orders from several new car startups and leading domestic brand
enterprises.The subsidiary Dingyu Technology relying on Zhongding's core advantages in rubber research and
manufacturing focuses on the research and production of air springs and continuously pushes for technological
breakthroughs improving product performance. Currently air springs and air tank products have been awarded
project contracts and the company is also accelerating the layout of the magnetic fluid damping system project. The
construction of the project production line is currently accelerating.As of now the company's domestic air suspension business has received a total order value of approximately
15.2 billion yuan of which the total order value of assembly products is approximately 1.7 billion yuan. It is
expected to obtain more project contracts in the future.
3)Intelligent Chassis System Business-Lightweight chassis system
a. Introduction of Products
Automobile metal parts are widely used in the chassis system of automobiles including the steering system
suspension system braking system and driving system. The lightweighting of automobiles has become a widely
recognized consensus in the automotive manufacturing industry. The lightweighting of the chassis plays a crucial
role in the performance of the entire vehicle. Lightweight chassis products such as aluminum alloy control arm
assemblies have high unit value and are the core components for operational stability and comfort.
4Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
b. Future market potential
Due to the need for environmental protection and energy conservation the lightweighting of automobiles has
become a global trend in automotive development. The lightweighting of automobiles is not only applicable to
traditional fuel-powered vehicles but also for new energy electric vehicles. Reducing the weight of the vehicle body
and achieving lightweighting is equally important for new energy electric vehicles as it is related to the main
range-extended issue of these vehicles. Experiments have shown that in terms of acceleration performance a
1.5-ton vehicle would approximately take 10 seconds to accelerate to 60 kilometers per hour; if the weight is
reduced by 25% it can be reduced to 8 seconds.Implementing lightweighting on the chassis yields much greater benefits in terms of fuel consumption and
handling compared to the lightweighting of other components to the same extent. Most components on the chassis
belong to the off-axle weight. In contrast the weight of the vehicle body (structural components strengthening parts
and covering parts) belongs to the on-axle weight. Generally it is believed that the effectiveness of off-axle weight
reduction is 5 to 15 times that of on-axle weight reduction. At the same time lightweighting of off-axle weight
improves the ratio of on-axle weight to off-axle weight which is similar to an athlete removing the sandbag tied to
their legs significantly improving the response speed and comfort during acceleration braking and steering of the
vehicle.c. Company industry position and business promotion
In recent years the company has vigorously developed chassis lightweighting system assembly products.Meanwhile its subsidiary Sichuan Wangjin Company has a core technology of ball head hinge assembly products
5Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
which are the core safety components and performance parts of the chassis system and possess globally leading
technology with a very high technical threshold.As the company continuously advances its business in chassis lightweighting system assembly products it has
received orders from multiple traditional and new force vehicle manufacturers such as Mercedes-Benz Changan
GAC and BYD. While maintaining the steady development of its domestic lightweight business the company is
also actively laying out the overseas lightweight market. Currently the lightweight factories of the company in
Slovakia and Mexico are under orderly construction. In 2024 the company's cumulative lightweight business orders
are approximately 14.2 billion yuan.
4)TMS system
a. Introduction of Products
The German subsidiary of the company TFH has been continuously promoting the research and development
as well as production of thermal management pipeline products. Building on the foundation of traditional thermal
management pipelines the company has vigorously advanced the business of the total assembly of thermal
management pipeline systems for new energy vehicles and actively expanded the application of new materials in
products. The company has vigorously developed the application of nylon pipes and TPV materials and has
actively cooperated with several OEM customers to carry out advanced development projects.At the same time the subsidiary Zhongding Intelligent Thermal System is also actively laying out the total
assembly products of temperature control systems in three major fields: new energy vehicles new energy storage
and supercomputing centers. Based on its own advantages in system integration and algorithm strategies it has
created intelligent green and modular thermal management products.b. Future market potential
The battery modules of new energy vehicles have much higher requirements for temperature control than
those of traditional vehicles. At the same time with the company's digestion and absorption of the TFH pipeline
6Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
assembly technology the unit value of the company's fluid pipeline products has increased from about 30 yuan on
traditional vehicles to nearly 1000 yuan for new energy vehicles and up to 1500 yuan for extended-range new
energy vehicles. Meanwhile the thermal management system of automobiles will reach a unit value of about
5000 yuan. With the continuous development of new energy vehicles the rapid growth of AI computing power
demand and the increasingly strict PUE energy efficiency requirements the market for new energy vehicle
thermal management systems new energy storage systems and supercomputing center thermal management
systems is also expanding rapidly.c. The company's industry status and business promotion
The company has been continuously promoting the research and production of thermal management pipeline
products for many years. Its subsidiary German TFH is an outstanding supplier of engine and new energy vehicle
battery thermal management pipeline assembly products possessing exclusive production technologies such as the
creatube process and core technologies for TPV hoses and nylon pipes. The company ranks among the top two
globally in its respective niche field. The company has vigorously promoted the business of thermal management
pipeline system assemblies for new energy vehicles and has already provided components for new energy vehicle
platforms such as BMW Volvo Audi Volkswagen Geely XPeng and Ideal.The subsidiaries Zhongding Fluid and Zhongding Intelligent Thermal Systems lead the development of
thermal management system assembly business actively laying out the research and production of thermal
management system assemblies and core components and possessing independent intellectual property rights. They
have already launched a series of products such as energy storage liquid cooling units supercomputing center
immersion liquid cooling units thermal management controllers temperature and pressure integrated sensors and
refrigerant flow channels. The company is also actively promoting the implementation of more new energy vehicle
thermal management products. In 2024 the company's thermal management system business has cumulatively
received orders of approximately 11.7 billion yuan.
5)Sealing System
The company's subsidiaries such as KACO in Germany and PRECIX in the United States possess the
world's top three sealing system technologies. KACO and other enterprises under the sealing System have been
actively promoting the layout of new energy and have successfully developed high-performance new energy
motor seals. Meanwhile the company has currently developed and mass-produced products such as sealing
systems for new energy battery modules and bridge assemblies which are used to support new energy vehicle
platforms of Volvo NIO SAIC GAC etc.The automotive sealing industry is a high-tech barrier sector with extremely high reliability requirements.Dynamic sealing is the most technically challenging part of the sealing industry especially the high-speed oil seal
for new energy vehicle motors which represents the most advanced technological level in the global sealing
industry. In recent years the company has continuously accelerated the pace of business expansion especially
making significant breakthroughs in American cars and domestic brand customers and its market share in the
industry has steadily increased.
6）Humanoid robot business
Humanoid robots are the core strategic business for the company's future development. The company's
7Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
subsidiary Anhui Ruisibo Company focuses on expanding the business related to humanoid robot component
assembly products. Currently the company's technical team has a core competitive advantage in the field of
harmonic reduction products and the related production line equipment is under debugging. At the same time the
company's existing sealing rubber business and lightweight business are also applied in the field of robotics. The
sealing products rubber products and connecting rod products related to humanoid robots are also being
developed simultaneously and some products have already completed the designated matching. The company is
currently focused on the production of harmonic reducers and will gradually expand into related product fields
such as force sensors in the future ultimately achieving the production and manufacturing of robot joint assembly
products.At present the company and its subsidiaries have signed strategic cooperation agreements with Zhejiang
Wuzhou Xinchun Group Co. LTD. Shenzhen Zhongqing Robot Technology Co. LTD. and Efort Intelligent
Equipment Co. LTD. enhancing the company's core advantages in the field of humanoid robot component
assembly products and accelerating the production and supporting of the company's robot harmonic reducers and
component assembly products. At present the related business is being accelerated.
(3) The Analysis of Core Competitiveness
The Competitiveness of Global Leading Technology International Management Ability Sustainable
Innovation Culture
a. The competitiveness of global leading technology
Since entering the air suspension system business field in the 1990s the company has continuously improved
its product assembly technology delved into the industry for over two decades and possesses core technologies in
the niche market. In the field of chassis lightweighting it possesses the core technology of ball joint hinge
assemblies. The company has been promoting the research and development and production of thermal
management system products. It possesses its own patented exclusive production technology the creatube process
as well as the core technologies of TPV hoses and nylon tubes. The company ranks globally in the industry of its
specific field. Meanwhile the company has now entered the field of humanoid robots and is engaged in the
supporting business of related component assembly products possessing the core technology of harmonic reducer
products. In 2016 Zhongding Co. Ltd. collaborated with Tsinghua University to establish an academician
workstation with Wang Yuming an academician of the Chinese Academy of Engineering and a professor at
Tsinghua University as the core research team to strengthen innovation cooperation and solve major key
technical problems. In addition Zhongding Co. Ltd. has also carried out industry-university-research cooperation
with domestic universities and research institutions such as Tsinghua University University of Science and
Technology of China Tongji University and Anhui University. It has 1281 independent intellectual property
rights including 259 foreign patents 203 Chinese invention patents 776 utility model patents 10 design patents
and 33 software Copyrights. Twenty-eight national standards and twelve industry standards have been formulated.b. The core competitiveness of international management ability
Since 2003 the company has established logistics centers overseas and began its overseas acquisition
journey in 2008. It has gone through three stages of overseas acquisitions: "global acquisition" "localization in
China" and "overseas control". Through these experiences the company has accumulated rich international
8Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
management experience. Currently the company has entered the third stage of overseas control. It has constructed
a global organizational structure system based on the five major business divisions and is further promoting the
global collaborative strategy. It is achieving global strategic coordination platform coordination technology
coordination and product coordination at a higher level shifting from capital output to industrial output
management output and cultural output.c. Continuously innovation cultural competitiveness
The company has long obtained certifications for quality environment and laboratory systems such as
IATF16949 ISO14001 and ISO/IEC17025. As early as 2003 it initiated the "Digital Zhongding" plan and
implemented the Limma ERP system throughout the company. In 2016 the company officially invested tens of
millions of yuan to launch the SAP informatization project. In recent years it has achieved full online operation of
the main enterprise and realized the construction of the global SAP informatization platform thereby enhancing
the comprehensive operational efficiency of the enterprise. Through years of practical exploration the company
has established a set of scientific cost management methods and promptly takes effective measures for continuous
improvement. During its development process the company continuously learns and introduces advanced
management experience and applies it to its own use. It has successively launched and promoted Six Sigma and
Amoeba Management achieving rapid improvement in management level.It is precisely because the company has its own core competitiveness during the continuous development
process that it is in an absolute leading position in the domestic industry. The company has global synchronous
R&D production sales and service capabilities. In the future the brand value and core competitiveness of the
company will be further enhanced.
(4) Main business analysis
1) Overview
In 2024 the production and sales of automobiles reached 302.82 million units and 314.36 million units
respectively with year-on-year growth rates of 3.7% and 4.5% respectively. In 2024 the production and sales of
passenger vehicles were 274.77 million units and 275.63 million units respectively with year-on-year growth
rates of 5.2% and 5.8% respectively. In 2024 the cumulative production and sales of China's new energy vehicles
reached 128.88 million units and 128.66 million units respectively with year-on-year growth rates of 34.4% and
35.5% (data from the statistics and analysis of the China Automobile Industry Association). Since 2008 the
company's internationalization strategy has gradually entered the harvest period. By the end of the reporting
period the production proportions in Asia Europe and America were 65.25% 24.41% and 10.34% respectively.Through the effective integration of global resources the company's technology brand profit level and customer
base have been rapidly enhanced achieving the dual drive of internal expansion and external extension; at the
same time the company concentrated its advantageous resources to increase the exploration efforts in new energy
and environmental protection vehicles automotive electronics and system assemblies preparing well for project
incubation and reserves for the company's future sustained and rapid development.In 2024 the company achieved operating revenue of 18.854 billion yuan an increase of 9.33% year-on-year;
net profit attributable to shareholders of the listed company was 1.252 billion yuan an increase of 10.63%
year-on-year; the company continued to rank among the "Top 100 Global Automotive Components Industry"
9Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
(ranked 89th) and "Top 50 Global Non-Tire Rubber Products Industry" (ranked 10th domestic 1st).a. The display of Overseas mergers and acquisitions projects results in China
Over the past few years the company has been actively promoting the domestic implementation of its overseas
enterprise acquisition business strategy and the performance growth has exceeded expectations. Please refer to the
table below for details.Unit: ten thousand yuan
202420232022
Operating revenues Net profit Operating revenues Net profit Operating revenues Net profit
Wuxi KACO
85589142787852612333629738689
Anhui KACO
Anhui WEGU 31137 5119 26182 3730 23706 2349
Anhui TFH 85807 5166 94882 6184 56635 3866
b. The customer structure of OEM supporting
Through overseas mergers and acquisitions the integration of global technologies and products and the
enhancement of brand advantages the product sales have shifted towards mid-to-high-end models. The top ten
main vehicle manufacturers' customers are detailed in the following table:
Top Customer Name Top Customer Name
1 BYD 6 Daimler
2 VW 7 Ford
3 GM 8 Geely
4 LI 9 VOLVO
5 BMW 10 Chery
The total direct and indirect sales revenue of the top ten customers was 9.821 billion yuan accounting for
52.09% of the company's 2024 operating income. The concentration of high-end customers was relatively high.
c. New energy vehicle project
The company has actively established a presence in the field of new energy vehicles with an intelligent chassis
system as its core. At the same time it is at the international leading level in multiple new energy sectors such as
thermal management systems chassis lightweighting systems and air suspension systems. In 2024 the business in
the new energy field achieved sales of 7.249 billion yuan accounting for 40.20% of the 2024 annual automotive
business revenue. Among this the sales in the new energy field in China in 2024 were 5.461 billion yuan
accounting for 56.01% of the 2024 annual domestic revenue.
2) Revenue and Cost
a. Composition of operating revenue
Unit: yuan
10Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
20242023
Amount % of Operating Amount % of Operating Increase/Decrease
Revenues Revenues over the previous
year (%)
Total Operating Revenues 18854034122.78 100% 17244448266.27 100% 9.33%
By Industry
Auto Industry 18030645523.33 95.63% 16478377566.48 95.56% 9.42%
Non-Auto Industry 823388599.45 4.37% 766070699.79 4.44% 7.48%
By Product
Intelligent chassis-Air
1065083613.545.65%822342702.914.77%29.52%
Suspension System
Intelligent
chassis-lightweight chassis 2518428307.72 13.36% 1923184052.62 11.15% 30.95%
system
Intelligent Chassis-rubber
4060469198.2021.54%3600316111.5320.88%12.78%
business
Cooling System 5071943679.29 26.90% 5185863132.26 30.07% -2.20%
Sealing System 3805446431.14 20.18% 3633785995.03 21.07% 4.72%
Others 2332662892.89 12.37% 2078956271.92 12.06% 12.20%
By Region
Domestic 9750096191.31 51.71% 8141032247.42 47.21% 19.76%
Overseas 9103937931.47 48.29% 9103416018.85 52.79% 0.01%
By Sales Methods
Direct Selling 18854034122.78 100.00% 17244448266.27 100.00% 0.00%
b. Information about industries products regions and sales models that account for more than 10%
of the company's operating revenues or profit
Unit: yuan
Operating Revenues Operating Cost Gross Margin Increase/Decre Increase/Decre Increase/Decre
ase ase ase
of operating of operating of gross margin
revenues cost over the
over the over the previous
previous previous year (%)
year (%) year (%)
By Industry
Auto industry 18030645523.33 14052742727.49 22.06% 9.42% 7.85% 1.14%
By Product
Intelligent
chassis-Air
1065083613.54850888525.9220.11%29.52%33.93%-2.63%
Suspension
System
Intelligent
chassis-lightweigh 2518428307.72 2165408470.02 14.02% 30.95% 24.27% 4.62%
t chassis system
11Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
Intelligent
Chassis-rubber 4060469198.20 3311984571.31 18.43% 12.78% 13.19% -0.29%
business
Cooling System 5071943679.29 4209004876.46 17.01% -2.20% -2.83% 0.54%
Sealing System 3805446431.14 2775169617.10 27.07% 4.72% 3.27% 1.03%
Others 2332662892.89 1239808595.55 46.85% 12.20% 8.66% 1.73%
By Region
Domestic 9750096191.31 7223637104.82 25.91% 19.76% 18.46% 0.82%
Overseas 9103937931.47 7328627551.54 19.50% 0.01% -0.51% 0.42%
By Sales Methods
Direct Selling 18854034122.78 14552264656.36 22.82% 9.33% 7.80% 1.10%
3) Main accounting data and financial indicators
a. Main accounting data and financial indicators in the past three years
Whether the company needs to retrospectively adjust or restate accounting data for previous years
□ Yes □ No
The reasons of Adjusting or restating accounting data
Accounting policy change
Unit: yuan
Increase/Decrease at
the end of the
At the end of 2023 current year At the end of 2022
compared with the
At the end of 2024 end of the previous
year (%)
Before the After the
Before the After the After the
Adjustmen Adjustme
Adjustment Adjustment Adjustment
t nt
2284419118469251846925
Total assets 24124759391.49 22844191495.69 5.61%
495.699794.259794.25
Net assets attributable to
1206419992527719252771
shareholders of the Company 12972912198.68 12064199955.89 7.53%
955.89947.12947.12
Increase/Decrease
over the previous
20232022
year (%)
2024
Before the After the
Before the After the After the
Adjustmen Adjustme
Adjustment Adjustment Adjustment
t nt
1724444814851891491318
Operating revenues 18854034122.78 17244448266.27 9.33%
266.271400.456714.11
Net profit attributable to
shareholders of the Company 11314595 9642459 96891341251709938.68 1131459559.10 10.63%
59.1073.7103.16
Net profit attributable to
shareholders of the Company 976944969 73511452 7596716
1075249870.05976944969.5510.06%
before non-recurring gains .55 8.09 14.17
and losses
12Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
Net cash flows from
operating activities 14447412 9095042 91227801726268991.31 1444741206.72 19.49%
06.7274.0199.43
Basic earnings per share
(RMB Yuan
0.950.860.8610.47%0.740.74
/share)
Diluted earnings per share
(RMB Yuan
0.950.860.8610.47%0.740.74
/share)
Weighted average return on
net assets 10.02% 9.76% 9.76% 0.26% 9.47% 9.43%
b. Main Accounting Data by Quarter
Unit: yuan
Q1 Q2 Q3 Q4
Operating Revenues 4692198237.48 4976997217.46 4826047064.83 4358791603.01
Net profit attributable to
360935095.41355298118.92335679074.25199797650.10
shareholders of the Company
Net profit attributable to
shareholders of the Company
302014681.35340083683.22306264237.52126887267.96
before non-recurring gains and
losses
Net cash flows from operating
322482469.62391421486.66528940046.52483424988.51
activities
Whether there are significant differences between the above financial data or the total value previously
disclosed quarterly or interim reports.□ Yes √ No
4) Shareholders and Shares
a.Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit：share
Total
number
Total number of
of
Total number of Total number of preferred preferred
common common shareholders sharehol
shareholders at shareholders at with resumed voting ders
the end of the
the end of the 72558 92846 rights at the end of with 0 0
previous month
Reporting resumed
this report previous
of the disclosure month of the
Period date of this report voting disclosure date of
rights at this report
the end
of the
reporting
13Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
period
Top ten common shareholders
Total shares Pledged or frozen shares
Number of restricted
Name of Nature of Shareholding held at the shares held
shareholders shareholders percentage period-end
Status Number
Anhui Domestic
Zhongding non-state-own
40.46% 532701321 Pledged 142500000
Holding (Group) ed
Co. LTD corporation
Hong Kong
Foreign
Securities
corporation 3.09% 40619649
Clearing Co.Ltd. （HKSCC）
China
Construction
Bank
Corporation
Limited - others 1.01% 13302593
Sino-European
Value Discovery
Equity Securities
Investment Fund
Agricultural
Bank of China
Co. Ltd. - SSE
CSI 500 others 0.84% 11014529
Exchange-Trade
d Open-Index
Fund
Shanghai
Pudong
Development
Bank Co. Ltd. -
others 0.77% 10118072
E Fund YuXiang
Return Bond
Securities
Investment Fund
Domestic
Miaosu 0.75% 9808102
natural person
Industrial and
Commercial
Bank of China
Limited -
China-Europe
others 0.54% 7136292
Potential Value
Flexible
allocation of
hybrid securities
investment fund
National Social
Security Fund others 0.44% 5853000
418 combination
Domestic
Zhao Xiyi 0.43% 5720666
natural person
China Life
Insurance others 0.41% 5420006
Company
14Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
Limited -
Traditional -
General
Insurance
Products
-005L-CT001
Shanghai
The company does not know whether there is an associated relationship between the
Explanation of the related
shareholders and whether it is a person acting in concert stipulated in the Administrative
relationship or concerted action
Measures for the Disclosure of Information on Changes in Shareholdings of Shareholders of
of the above shareholders
Listed Companies.Description of shareholders
As of December 31 2024 one of the top 10 shareholders of the Company shareholder Miu Su
participating in margin financing
held 9807441 shares of the Company through the Customer Credit Transaction Secured
and securities lending business
Securities account of Huaxi Securities Co. LTD
(if any)
Shareholders holding more than 5% the top 10 shareholders and the top 10 shareholders of unlimited
tradable shares participate in the refinancing business to lend shares
□ Applicable □N/A
Unit：share
The lending of shares by shareholders holding more than 5% of shares top 10 shareholders and top
10 shareholders with non-restricted sharesthe in the securities financing business
Number of lending
Number of shares held in Number of shares held in Number of lending shares
shares of the securities
ordinary accounts and ordinary accounts and of the securities financing
financing and not be
credit accounts at the credit accounts at the end and not be returned yet at
returned yet at the
Name of beginning of the period of the period the end period beginning period
shareholders
(Full name) The The The The
proportion proportion proportion proportion
Total Total Total Total
of the total of the total of the total of the total
quantity quantity quantity quantity
share share share share
capital capital capital capital
Agricultural
Bank of
China Co.Ltd. - SSE
4058029.011014529.
5000.31%15990000.12%0.84%00.00%
000
Exchange-Tr
aded
Open-Index
Fund
The top 10 shareholders and the top 10 shareholders of unlimited outstanding shares have changed from the
previous period due to refinancing lending/restitution reasons
□ Applicable √ N/A
b.Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their
Shareholdings
15Anhui Zhongding Sealing Parts Co.Ltd. Abstract of the Annual Report 2024
□ Applicable √ N/A
During the reporting period the Company had no preferred shareholders' shareholdings.c.Disclose the property rights and control relationship between the Company and the actual controller
in block diagram form
5)Status of bonds existing on the date of approval in the annual report
□ Applicable √ N/A
Ⅲ. Important issues
N/A
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