Sanlian Golden Kirin issued a risk warning announcement, the company is mainly engaged in the research and development, production and sales of friction materials and brake products, the main products are automobile brake pads, car brakes, rail transit brake pads and industrial brake products, facing the after-sale market (AM market) and the main engine factory (OEM market), of which the after-sale market accounts for more than 80%, and the main source of income of the mainframe factory is still automobile parts of traditional fuel vehicles. At present, the company has no sales income of rail transit brake products, and the company's income structure will not change greatly in the short term. On October 12, 2021, the company closed all the hot coil contracts built in the previous period, with a cumulative loss of 108 million yuan. the profit and loss on the closing of subsidiary futures positions will be included in the company's profit and loss in 2021, which will have an impact on the performance in 2021.