一、关于陕西同力重工股份有限公司2023年半年度募集资金存放与实际使用情 况的专项报告的独立意见 证券代码：834599 证券简称：同力股份 公告编号：2023-106 陕西同力重工股份有限公司 独立董事关于第五届董事会第十二次会议 相关事项的独立意见 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律 责任。 陕西同力重工股份有限公司（以下简称"公司"）于2023年8月22日召开第五届董事 会第十二次会议。根据《中华人民共和国公司法》（以下简称"《公司法》"）《陕西同 力重工股份有限公司章程》（以下简称"《公司章程》"）及《陕西同力重工股份有限 公司独立董事工作细则》（以下简称"《独立董事工作细则》"）等有关规定，作为独 立董事，基于独立判断立场，就公司第五届董事会第十二次会议审议的相关事项发表 独立意见如下： 独立董事认为：《陕西同力重工股份有限公司2023年半年度募集资金存放与实际 使用情况的专项报告》内容真实、准确、完整地反映了公司报告期内募集资金存放与 使用情况，不存在任何虚假记载、误导性陈述或重大遗漏， ...

Product Innovation and Development - Tonly Technology launched the TLH130 methanol hybrid non-road wide-body dump truck in January 2023, marking a significant innovation in clean energy applications within the industry[6]. - The TL891 non-road wide-body dump truck won the "Application Contribution Gold Award" at the 2023 China Engineering Machinery Annual Product TOP50 event, highlighting its outstanding market performance and contribution to the industry's large-scale development[7]. - The company has expanded its product line to include new energy vehicles such as pure electric, hybrid, hydrogen fuel, and methanol fuel models[34]. - The company is focusing on product innovation and upgrades, particularly in digitalization, intelligence, and green technology[44]. - The company plans to enhance its product research and development efforts to mitigate risks associated with potential changes in industrial policies[79]. Financial Performance - The company's operating revenue for the current period reached ¥3,304,630,864.56, representing a 30.56% increase compared to ¥2,531,087,932.16 in the same period last year[27]. - Net profit attributable to shareholders increased by 50.50% to ¥334,036,380.15 from ¥221,954,188.56 year-on-year[27]. - The company achieved a net profit growth rate of 50.59%, compared to 22.26% in the same period last year[30]. - The gross profit margin improved to 19.29%, up from 17.50% in the previous year[55]. - Earnings per share (EPS) for the first half of 2023 was CNY 0.7548, compared to CNY 0.4971 in the same period last year, indicating a growth of 51.8%[160]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 63.86% to ¥121,945,012.77 from ¥337,439,290.56 in the previous year[29]. - The company's cash and cash equivalents decreased by 16.64% to approximately ¥775.84 million, down from ¥930.66 million in the previous year[51]. - The net cash flow from investing activities was -¥30,295,026.91, a decline of 32.31% year-on-year, mainly due to a decrease in cash received from investment recoveries and subsidiary disposals[68]. - The net cash flow from financing activities was -¥233,103,680.49, an improvement of 64.69% compared to the previous year, attributed to reduced cash outflows from profit distribution and loan repayments[68]. Market Expansion and Sales - The company has successfully doubled its overseas sales, indicating strong growth momentum in international markets[40]. - The company has seen a year-on-year increase in overseas sales, reflecting growing demand in international markets[46]. - The non-road wide-body dump truck market is experiencing steady growth, driven by increasing demand in open-pit coal mining and other sectors[46]. - The company is actively developing overseas markets, preparing to establish wholly-owned subsidiaries in countries like Singapore to supplement domestic market growth[79]. Assets and Liabilities - Total assets increased by 6.39% to ¥6,134,641,623.46, while total liabilities rose by 6.65% to ¥3,958,319,238.52[28]. - Accounts receivable increased by 44.66% to approximately ¥2.02 billion, compared to ¥1.40 billion last year[51]. - The company's short-term borrowings increased by 198% to approximately ¥14.90 million, compared to ¥5.00 million last year[51]. - Total current assets increased to ¥5,210,529,226.06 as of June 30, 2023, up from ¥4,842,460,604.13 at the end of 2022, representing an increase of approximately 7.6%[150]. Employee and Governance - The company has a total of 721 employees at the end of the reporting period, with an increase of 4 employees from the beginning of the period[142]. - The employee stock ownership plan involved the repurchase of 10,000,000 shares, representing 2.21% of the company's total share capital[90]. - The company has implemented measures to strengthen customer credit assessment and collection efforts to ensure timely recovery of accounts receivable[80]. - The company is focused on enhancing its internal governance structure to address risks associated with having no actual controlling shareholder[79]. Strategic Initiatives and Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[175]. - The management provided guidance for the next quarter, expecting continued revenue growth driven by increased market demand[175]. - The company is committed to improving operational efficiency and reducing costs to enhance overall profitability[175]. - The company is exploring potential mergers and acquisitions to bolster its market position and drive growth[179].

证券代码：834599 证券简称：同力股份 公告编号：2023-066 陕西同力重工股份有限公司 关于参加 2023 年陕西辖区上市公司投资者集体接待日暨 2022 年度业绩说明会预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 说明会类型 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广 大投资者沟通交流，进一步提升投资者关系管理水平，公司积极参加了陕西上市 公司协会根据中国证券监督管理委员会陕西证监局工作部署，联合深圳市全景网 络有限公司举办的"2023 年陕西辖区上市公司投资者集体接待日暨 2022 年度 业绩说明会活动"。 公司董事、总经理：许亚楠先生； 公司董事会秘书：杨鹏先生； 公司财务总监：安杰先生； 保荐代表人：邬海波先生。 四、 投资者参加方式 本次说明会采用网络方式召开。 投资者可登陆全景路演平台（http://rs.p5w.net）参与本次业绩说明会。 为充分尊重投资者、提升交流的针对性，公司现就"2023 年陕西辖区上市公司 投资者集体接待日暨 2 ...

Financial Performance - Net profit attributable to shareholders for Q1 2023 was CNY 158,260,442.35, reflecting a year-on-year growth of 20.87%[10] - Operating revenue for Q1 2023 was CNY 1,621,351,135.32, representing a 23.16% increase compared to the same period last year[10] - Total revenue for Q1 2023 reached ¥1,621,351,135.32, an increase of 23.1% compared to ¥1,316,440,543.43 in Q1 2022[53] - Net profit for Q1 2023 was ¥156,355,470.97, compared to ¥129,265,762.14 in Q1 2022, reflecting an increase of about 21%[55] - Basic earnings per share for Q1 2023 were ¥0.3576, up from ¥0.2893 in Q1 2022, representing an increase of approximately 24%[55] - The total profit for Q1 2023 was ¥183,533,334.29, compared to ¥151,204,322.25 in Q1 2022, showing an increase of approximately 21%[54] Assets and Liabilities - Total assets as of March 31, 2023, reached CNY 5,944,788,579.89, an increase of 3.10% compared to the end of the previous year[10] - The company's asset-liability ratio decreased to 62.73% for consolidated figures, down from 64.37% at the end of the previous year[10] - Total liabilities increased to ¥3,728,966,709.00 from ¥3,711,446,467.49, representing a rise of 0.5%[47] - Current liabilities totaled ¥3,597,901,552.53, slightly up from ¥3,554,510,651.58, indicating a growth of 1.3%[46] Cash Flow - The company's cash flow from operating activities improved significantly, with a net cash flow of -CNY 36,242,497.21, a 59.54% improvement year-on-year[10] - Operating cash flow for Q1 2023 was negative at -36,242,497.21 CNY, an improvement from -89,576,365.92 CNY in Q1 2022, indicating a reduction in cash outflow[59] - Total cash inflow from operating activities in Q1 2023 was 494,322,032.57 CNY, compared to 486,762,591.31 CNY in Q1 2022, showing a slight increase of approximately 1.14%[59] - The ending cash and cash equivalents balance for Q1 2023 was 418,686,857.32 CNY, down from 663,101,623.72 CNY in Q1 2022, a decrease of approximately 36.83%[60] Shareholder Information - The total number of unrestricted shares increased from 199,784,697 to 205,163,112, representing a rise from 44.15% to 45.34% of total shares[22] - Major shareholders include Xu Yanan with 27.00% and Mu Junfa with 18.00% of shares in Xi'an Tongli[26] - The number of shareholders holding common stock reached 10,526[22] - The number of shares held by the top ten shareholders accounts for 69.34% of total shares, with a total of 313,774,970 shares[25] Research and Development - Research and development expenses for Q1 2023 amounted to CNY 1,065.44 million, up 39.65% year-on-year, indicating increased investment in innovation[15] - Research and development expenses rose to ¥10,654,439.57 in Q1 2023, up from ¥7,629,504.73 in Q1 2022, indicating a growth of approximately 39%[54] Inventory and Receivables - Accounts receivable increased by 37.06% year-on-year to CNY 191,773.84 million, driven by sales growth despite a decline in overall customer payment levels[12] - Inventory rose to CNY 1,114.9092 million in Q1 2023, compared to CNY 978.8793 million at the end of 2022, marking an increase of about 13.9%[45] - Accounts receivable rose to ¥1,869,105,476.97, compared to ¥1,360,810,669.13, marking an increase of 37.3%[49] Legal and Compliance - The company has reported ongoing litigation and arbitration matters, but the amounts involved did not meet the threshold for significant disclosure[30] - The company has timely fulfilled its obligations regarding external guarantees and employee incentive plans[29] - There were no significant related party transactions or asset transfers reported during the period[29] Guarantees and Commitments - As of the end of Q1 2023, the total guarantee amount was CNY 233.697 million, with a guarantee balance of CNY 1,534.5125 million[31] - The guarantee balance decreased from CNY 1,617.8642 million at the end of 2022, reflecting a repayment of CNY 317.0487 million in Q1 2023[31] - The company has committed to not engaging in any competitive business activities that may harm the interests of its shareholders[32] - Major shareholders have pledged to stabilize stock prices if the stock price falls below the issuance price for 20 consecutive trading days[36] - The company has established a commitment to repurchase shares if the stock price remains below the issuance price after major shareholders have completed their buybacks[36]

Financial Performance - Tonly Heavy Industries' revenue for 2022 reached 520,156.93 million CNY, with a compound annual growth rate (CAGR) of 37.84% from 2020 to 2022[12] - The net profit for 2022 was 47,143.48 million CNY, reflecting a CAGR of 18.36% over the same period[12] - In 2022, the company's operating revenue reached approximately CNY 5.20 billion, an increase of 27.04% compared to CNY 4.09 billion in 2021[30] - The net profit attributable to shareholders was approximately CNY 466.30 million, reflecting a growth of 26.12% from CNY 369.74 million in the previous year[30] - The gross profit margin for 2022 was 19.24%, up from 18.21% in 2021[30] - The weighted average return on equity was 24.60% in 2022, compared to 23.50% in 2021[30] - The company reported a basic earnings per share of CNY 1.04, which is a 23.81% increase from CNY 0.84 in 2021[30] - Revenue growth rate for 2022 was 27.04%, down from 49.57% in 2021[35] - Net profit growth rate for 2022 was 21.77%, compared to 14.34% in 2021[35] Product Development and Innovation - The company launched five new products in November 2022, with one product's main technical performance being internationally advanced and four being domestically leading[5] - The company aims to enhance product value for mining users through continuous innovation and a full product series in the non-road wide-body dump truck industry[5] - Tonly Heavy Industries plans to increase R&D investment to provide advanced and cost-effective products, contributing to carbon neutrality goals[4] - The company has expanded its product line to include electric, hybrid, hydrogen fuel, and methanol fuel vehicles[46] - The TL89 series non-public wide-body dump truck has successfully completed development, positively impacting the company's market reputation and performance in 2022[98] - The TL105E pure electric non-public wide-body dump truck won the "New Energy Product" award, enhancing user recognition and expected to become a key product[98] - The company is collaborating with Huzhou Hongwei New Energy Co., Ltd. on the research and development of pure electric non-public wide-body dump trucks, focusing on mutual benefits and product quality[100] - The company is focusing on product upgrades, emphasizing digitalization, intelligence, and green technology, alongside the development of new energy and autonomous vehicles[115] Market Position and Competition - Tonly Heavy Industries was recognized as one of the top 10 value companies on the Beijing Stock Exchange in September 2022, highlighting its operational performance and high-quality development[4] - The company ranked 85th in the "2022 Shaanxi Top 100 Enterprises" and 22nd in the "2022 Shaanxi Private Top 50 Enterprises," indicating strong regional economic performance[6] - The company faces market risks due to potential fluctuations in the engineering machinery industry, which could impact its product and service market outlook[12] - Future business growth may be challenged by intensified competition and shrinking market demand, posing a risk of performance decline[12] - The company is positioned to benefit from the "Belt and Road" initiative, which is expected to enhance its international market presence[122] - The company's market segment is less affected by the cyclical nature of the broader engineering machinery industry, indicating stable growth prospects[121] Financial Health and Risks - The accounts receivable balance at the end of 2022 was CNY 1.48 billion, accounting for 25.88% of total assets[30] - The company is exposed to risks related to the cyclical fluctuations of the national macroeconomic environment, which could impact demand in the mining industry[30] - The company has a significant reliance on fixed asset investment in the mining sector, which saw a slowdown in growth in 2022 due to various external factors[30] - Total assets increased by 20.38% to ¥5,765,975,194.09 compared to ¥4,789,850,214.94 in 2021[31] - Total liabilities rose by 23.88% to ¥3,711,446,467.49 from ¥2,996,034,759.61 in the previous year[31] - The company reported a debt-to-asset ratio of 64.37% for consolidated financials, up from 62.55% in 2021[31] - The company has identified potential risks from macroeconomic fluctuations and is taking measures to mitigate these impacts through product innovation and market expansion[133] Subsidiaries and Expansion - The company established a wholly-owned subsidiary, Tongli Technology, to focus on research and development in new energy power products[54] - The company has established a presence in multiple countries including Pakistan, Indonesia, and Malaysia, with plans for further international expansion[46] - The company established a new wholly-owned subsidiary, Shaanxi Tongli Heavy Industry New Energy Intelligent Technology Co., Ltd., during the reporting period[86] - The company is preparing to establish a wholly-owned subsidiary in Singapore to tap into new growth markets[130] Employee and Shareholder Engagement - The company implemented an employee stock ownership plan in 2022, with a total of 10,000,000 shares repurchased for this plan[151] - The repurchase price for the shares in the employee stock ownership plan was set at 4 CNY per share[153] - The employee stock ownership plan has a duration of 48 months, with shares unlocking in three phases: 40% after 12 months, 40% after 24 months, and 20% after 36 months[156] - The company has ongoing commitments to avoid competition and reduce related party transactions, which began in December 2015 and will last until December 2099[171] Corporate Governance - The company operates without a controlling shareholder, which may lead to governance instability and impact operational efficiency[12] - The company has no new risk factors reported during the period[138] - There were no instances of shareholders or related parties occupying or transferring the company's funds or assets during the reporting period[149] - All shareholders and management have confirmed the accuracy and completeness of the public offering documents, accepting legal responsibility for any misstatements[179]

Financial Performance - The company achieved operating revenue of ¥5,305,170,510.99, an increase of 29.57% compared to the previous year[3] - Net profit attributable to shareholders reached ¥460,202,146.86, reflecting a growth of 24.47% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥459,098,893.10, up 27.40% from the previous year[3] - Basic earnings per share increased to ¥1.03, representing a growth of 22.62% compared to the same period last year[3] Assets and Equity - Total assets at the end of the reporting period were ¥5,676,584,845.98, an 18.51% increase year-on-year[5] - Shareholders' equity attributable to the company was ¥2,018,890,746.51, up 14.73% from the previous year[5] - The increase in total assets and equity was driven by sustained net profit growth and the commencement of trial production for investment projects[6] Market Expansion - The company expanded its overseas market presence, contributing to revenue and profit growth[6] Return on Equity - The company reported a weighted average return on equity of 24.31% for the year, compared to 23.50% in the previous year[3] Financial Caution - The financial data presented is preliminary and has not been audited, cautioning investors about potential risks[7]

Financial Performance - Operating revenue for the first nine months of 2022 reached CNY 4,013,461,482.06, a year-on-year increase of 43.92%[20] - Net profit attributable to shareholders for the first nine months of 2022 was CNY 351,828,854.17, up 42.44% year-on-year[20] - Basic earnings per share for the first nine months of 2022 increased by 58.08% to CNY 0.8846[20] - Operating revenue for Q3 2022 was CNY 1,482,373,549.90, representing a 63.34% increase compared to Q3 2021[17] - Net profit attributable to shareholders for Q3 2022 rose by 87.70% to CNY 129,874,665.61[17] - Total revenue for the first nine months of 2022 reached CNY 4,006,077,835.21, a significant increase from CNY 2,695,429,870.22 in the same period of 2021, representing a growth of approximately 48.5%[58] - Net profit for the first nine months of 2022 was CNY 351,154,667.40, compared to CNY 249,224,118.74 in 2021, indicating a year-over-year increase of about 40.9%[56] - The total profit for the first nine months of 2022 was CNY 395,578,082.22, up from CNY 298,037,380.53 in 2021, indicating a growth of about 32.7%[56] - The company reported a net profit margin improvement, with net profit for the first nine months of 2022 showing a significant increase compared to the same period in 2021[54] Cash Flow and Assets - Cash flow from operating activities for the first nine months of 2022 increased by 117.24% to CNY 346,056,715.80[20] - Cash flow from operating activities for the first nine months of 2022 was CNY 346,056,715.80, compared to CNY 159,299,258.09 in 2021, reflecting an increase of approximately 117.5%[62] - Cash inflow from operating activities included CNY 2,044,043,208.27 from sales, a substantial increase from CNY 1,162,728,631.41 in 2021, marking an increase of 75.8%[65] - Total assets increased by 10.74% to CNY 5,304,488,471.92 compared to the end of the previous year[16] - Current assets totaled CNY 4,525,543,388.64, compared to CNY 4,143,477,789.74 in the previous year, reflecting a growth of approximately 9.2%[47] - Cash and cash equivalents were reported at CNY 736,811,241.07, down from CNY 1,171,792,526.76, indicating a decrease of about 37.0%[47] - The total cash and cash equivalents at the end of the period stood at CNY 315,246,033.18, down from CNY 514,997,960.72 at the end of the previous year[67] Shareholder Information - The total number of unrestricted shares is 209,784,697, accounting for 46.36% of total shares[22] - The total number of restricted shares is 242,740,303, representing 53.64% of total shares[22] - The total share capital is 452,525,000 shares[22] - The largest shareholder, Ye Lei, holds 80,966,629 shares, which is 17.89% of total shares[23] - The second-largest shareholder, Hua Yue Machinery, holds 76,941,479 shares, representing 17.00%[23] - The total number of shareholders is 10,989[22] - The company has a share repurchase plan with a total of 9,990,000 shares repurchased, accounting for 2.21% of total shares[24] Liabilities and Guarantees - Total liabilities reached CNY 3,224,657,194.84, up from CNY 2,785,205,816.56, marking an increase of around 15.8%[48] - The company has provided guarantees for financing lease businesses with a maximum amount of RMB 5 billion[32] - As of September 30, 2022, the total guarantee amount for the first three quarters was RMB 1.13535 billion, with a balance of RMB 1.04405 billion[34] Employee and Incentive Plans - The company has implemented an employee stock ownership plan and other incentive measures[29] - The company initiated an employee stock ownership plan approved on September 2, 2022, to enhance employee motivation and retention[35] - The company paid CNY 121,999,807.45 in employee compensation in the first nine months of 2022, up from CNY 72,677,835.28 in 2021, reflecting an increase of about 67.6%[63] Research and Development - Research and development expenses for the first nine months of 2022 totaled CNY 42,386,071.00, up from CNY 32,023,129.77 in 2021, reflecting a growth of approximately 32.4%[58] Future Outlook - Future outlook includes plans for market expansion and potential new product launches, aiming to leverage the increased revenue growth[54]

Financial Performance - In the first half of 2022, the company's operating revenue reached 253,108.79 million CNY, a decrease compared to the previous year's 409,431.03 million CNY[12] - The net profit for the first half of 2022 was 22,292.04 million CNY, down from 38,473.63 million CNY in the same period last year[12] - The company's operating revenue for the current period reached ¥2,531,087,932.16, representing a 34.55% increase compared to ¥1,881,124,366.43 in the same period last year[28] - The net profit attributable to shareholders of the listed company was ¥221,954,188.56, an increase of 24.82% from ¥177,812,769.26 in the previous year[28] - The company's gross profit margin decreased to 17.50% from 19.42% in the previous year[28] - The weighted average return on net assets based on the net profit attributable to shareholders was 12.05%, slightly down from 12.26% in the previous year[28] - The company reported a basic earnings per share of ¥0.4971, up 21.84% from ¥0.4080 in the previous year[28] - The company achieved operating revenue of 2.531 billion yuan, an increase of 650 million yuan, representing a growth of 34.55% compared to the same period last year[41] - The net profit attributable to shareholders was 222 million yuan, an increase of 44 million yuan, with a growth rate of 24.82% year-on-year[41] - The net cash flow from operating activities was 337 million yuan, an increase of 176 million yuan, reflecting a growth of 108.51% compared to the previous year[41] Assets and Liabilities - The total assets at the end of the current period amounted to ¥5,119,030,270.56, a 6.87% increase from ¥4,789,850,214.94 at the end of the previous year[29] - The total liabilities increased by 9.66% to ¥3,285,433,257.29 from ¥2,996,034,759.61 at the end of the previous year[29] - The current ratio decreased to 1.39 from 1.49 in the previous year, indicating a decline in short-term liquidity[29] - The interest coverage ratio improved significantly to 100.72 from 64.35, reflecting better ability to meet interest obligations[29] - The company's total assets at the end of the period amounted to 5,116,000,000.00 CNY, with a significant increase in accounts receivable, which rose by 72.08% to 1,526,311,223.54 CNY compared to the previous year[45] - The total liabilities as of June 30, 2022, were ¥3,044,657,923.80, up from ¥2,823,999,203.14 at the end of 2021, indicating an increase of about 7.8%[160] Market and Industry Risks - The company faces market risks due to fluctuations in the engineering machinery industry, which could impact product and service market prospects[12] - The company is exposed to risks from potential changes in industrial policies that could affect its operations and future development[12] - The company faces risks related to macroeconomic fluctuations, which could impact downstream market demand and fixed asset investment[5] - The overall market for the engineering machinery industry is experiencing saturation, but the non-road dump truck sector continues to grow steadily due to demand from open-pit coal mining[42] - The company faces risks from market fluctuations in the engineering machinery industry, which could impact its product and service market outlook[78] Research and Development - The company has established a complete independent system for R&D, procurement, production, sales, and after-sales service, enhancing its competitive edge[35] - The company's research and development expenses rose by 43.89% to 34,872,510.84 CNY, indicating a focus on innovation[51] - Research and development expenses for the first half of 2022 were ¥34,872,510.84, compared to ¥24,235,920.94 in the first half of 2021, representing an increase of approximately 44%[163] Corporate Governance - The company operates without a controlling shareholder, which may lead to governance instability and operational inefficiencies[12] - The company has strengthened its internal governance structure to mitigate risks associated with the lack of a controlling shareholder[81] - Major shareholders, including Ye Lei, Xu Yanan, and Fan Bin, have committed not to transfer or manage their shares for 36 months following the company's listing on the selected tier[101] Strategic Initiatives - The company is actively pursuing market expansion and technological advancements in its product offerings[5] - The company is focusing on expanding its business in the open-pit coal market and increasing investment in new energy product development[40] - The company is currently fulfilling commitments related to avoiding competition with its former controlling shareholder, Huayue Machinery, and its actual controller, Ye Lei[100] - The company plans to enhance collection efforts to reduce accounts receivable, which currently has over 94.70% of its balance due within one year[45] Employee and Social Responsibility - The company hired 56 new employees during the reporting period, including 4 fresh graduates, contributing to job creation and social stability[74] - The company maintains a commitment to social responsibility, including high dividend returns and employee welfare programs[74] Financial Management - The company has no major litigation or arbitration matters during the reporting period[85] - The company has provided external guarantees totaling 1,073,188,949.78 yuan, with no guarantees for controlling shareholders or related parties[91] - The company has a significant risk related to accounts receivable, which may lead to bad debt losses if there are adverse changes in the downstream industry[82] - The company has committed to standardizing fund transactions and reducing related party transactions, which is being adhered to by all relevant parties[100] Shareholder Information - The total number of ordinary shares is 452,525,000, with 46.36% being unrestricted shares[111] - The company has a total of 746,661,967.78 yuan in restricted assets, accounting for 14.59% of total assets[107] - The largest shareholder, Ye Lei, holds 80,966,629 shares, accounting for 17.89% of the total shares[114] Capital Management - The company raised a total of RMB 500 million through the issuance of 50 million new shares at a price of RMB 10.00 per share[119] - The company distributed a cash dividend of RMB 4.00 per 10 shares on May 23, 2022[125] - The company has engaged in securities issuance and buyback activities, indicating active capital management strategies[190]

Financial Performance - Operating revenue for Q1 2022 was ¥1,316,440,543.43, representing a growth of 67.72% year-on-year[16] - Net profit attributable to shareholders for Q1 2022 was ¥130,935,202.48, up 79.53% from the same period last year[16] - Basic earnings per share for Q1 2022 increased to ¥0.2893, reflecting an 80.46% rise year-on-year[16] - Total revenue for Q1 2022 reached ¥1,316,440,543.43, a significant increase of 67.6% compared to ¥784,918,352.20 in Q1 2021[51] - Net profit for Q1 2022 was ¥129,265,762.14, representing a 74.7% increase from ¥73,996,885.47 in Q1 2021[52] - The total profit for Q1 2022 was ¥151,204,322.25, up from ¥88,533,431.97 in Q1 2021, marking an increase of 70.7%[52] - The total comprehensive income for Q1 2022 was ¥129,265,762.14, compared to ¥73,996,885.47 in Q1 2021, an increase of 74.7%[53] Assets and Liabilities - Total assets as of March 31, 2022, reached ¥5,568,094,851.79, an increase of 16.25% compared to the end of the previous year[14] - The company's asset-liability ratio (consolidated) as of March 31, 2022, was 65.44%, up from 62.55% at the end of the previous year[14] - Total liabilities amounted to ¥3,643,517,490.10, up 21.5% from ¥2,996,034,759.61[46] - Current liabilities rose to ¥3,400,383,762.06, a 22.1% increase from ¥2,785,205,816.56[46] - Shareholders' equity increased to ¥1,924,577,361.69, a rise of 7.3% from ¥1,793,815,455.33[46] Cash Flow - The net cash flow from operating activities for Q1 2022 was -¥89,576,365.92, a decline of 270.17% compared to the previous year[17] - Operating cash inflow for Q1 2022 was CNY 486,762,591.31, a 32.8% increase from CNY 366,325,813.39 in Q1 2021[58] - Net cash flow from operating activities for Q1 2022 was -CNY 89,576,365.92, compared to CNY 52,639,355.74 in Q1 2021, indicating a significant decline[58] - Cash outflow from investing activities in Q1 2022 was CNY 40,359,214.52, up from CNY 22,104,959.55 in Q1 2021, reflecting increased investment[59] - Net cash flow from financing activities for Q1 2022 was -CNY 16,509,364.24, a decrease from CNY 478,704,236.95 in Q1 2021, showing reduced financing[59] Shareholder Information - The total registered capital of the company is ¥4,525,250,000[12] - The company reported a total of 339,730,359 shares held by the top ten shareholders, representing 75.07% of total shares[23] - Shareholder Ye Lei holds 80,966,629 shares, accounting for 17.89% of total shares[22] - Shareholder Hua Yueji holds 76,941,479 shares, representing 17.00% of total shares[22] - Shareholder Xu Yanan holds 59,704,293 shares, which is 13.19% of total shares[23] Operational Highlights - The increase in operating revenue was driven by strong domestic sales and continued growth in overseas markets despite pandemic impacts[16] - The company managed to control the growth of sales and management expenses, which grew at a rate lower than that of revenue[16] - Research and development expenses increased to ¥7,629,504.73 in Q1 2022, up from ¥5,867,686.79 in Q1 2021, reflecting a growth of 29.9%[52] Guarantees and Commitments - The company has a total guarantee amount of 30,519.08 million yuan for financing leasing business in the first quarter of 2022[30] - The ending guarantee balance as of March 31, 2022, is 92,293.61 million yuan, which includes a cumulative balance from previous periods[31] - The company provided a guarantee of 50 million yuan for its subsidiary Xi'an Tongli to apply for credit risk note pool financing[31] - The company has fulfilled its commitments regarding asset pledges and other obligations in a timely manner[28] Compliance and Legal Matters - There were no significant litigation or arbitration matters during the reporting period[29] - The company has no other related party transactions among the top ten shareholders[25] - There were no violations of commitments by the parties involved during the reporting period[38] - The company has committed to maintaining the authenticity and accuracy of its public offering documents, with all major shareholders and executives assuming legal responsibility[37] Inventory and Receivables - Accounts receivable rose significantly from ¥886.96 million in 2021 to ¥1.27 billion, marking an increase of about 43.5%[44] - Inventory increased from ¥652.88 million to ¥808.72 million, representing a growth of approximately 24%[44] - Inventory levels increased to ¥777,283,959.11, up 24.4% from ¥625,255,142.82[48] - Accounts receivable rose to ¥1,261,423,142.56, a significant increase from ¥860,469,578.41[47] Stock and Buyback Plans - Major shareholders have pledged not to transfer or manage their shares for 36 months following the company's listing on the selected tier[33] - The company has established a buyback plan if its stock price falls below the issuance price for 20 consecutive trading days, with a maximum buyback amount not exceeding 20% of the previous year's net profit[35]

Financial Performance - In 2021, the company achieved a sales revenue of 4.094 billion yuan, representing a year-on-year growth of 49.57%[5] - The operating profit for 2021 was 438 million yuan, an increase of 10.14% compared to the previous year[5] - The net profit attributable to shareholders was 370 million yuan, reflecting a year-on-year growth of 10.75%[5] - The net cash flow from operating activities reached 555 million yuan, showing a significant increase of 166.56% year-on-year[5] - The company's operating revenue for 2021 was approximately ¥4.09 billion, representing a year-over-year increase of 49.57% compared to ¥2.74 billion in 2020[30] - The net profit attributable to shareholders for 2021 was approximately ¥369.74 million, an increase of 10.75% from ¥333.85 million in 2020[30] - The gross profit margin for 2021 was 18.21%, down from 23.58% in 2020[30] - The weighted average return on equity for 2021 was 23.50%, down from 36.24% in 2020[30] - The net profit for the year was 384.74 million yuan, an increase of 48.25 million yuan from the previous year, representing a year-on-year growth of 14.34%[67] - The company's revenue grew by 49.57% year-on-year, reaching 4,094,310,303.09 CNY[36] Production and Capacity Expansion - The company is expanding its production capacity with a new production base under construction, which is expected to enhance future output[5] - The company plans to accelerate the mass production scale of pure electric non-road dump trucks to meet market demand[121] - In 2022, the company plans to complete the construction and production of a 6,000-unit non-road dump truck production line[124] Research and Development - The company plans to increase R&D investment to enrich product types, improve product quality, and shorten delivery cycles[6] - The company is focused on R&D for new products, particularly in the non-road dump truck segment, enhancing its competitive edge in the engineering machinery industry[48] - The company's research and development expenses for the year were 56.54 million yuan, an increase of 10.72 million yuan compared to the previous year, reflecting a year-on-year growth of 23.41%[66] - Key ongoing R&D projects include applications of hydrogen fuel cells in electric dump trucks and research on autonomous driving technologies for off-road vehicles[99] - The company is collaborating with Huzhou Hongwei New Energy on the development of electric drive off-road dump trucks, focusing on mutual benefits and shared intellectual property rights[100] Market and Sales - The coal production in China reached 4.07 billion tons in 2021, with a year-on-year growth of 4.7%, indicating a strong market demand for the company's products[6] - The company has expanded its product offerings to include new energy series vehicles, enhancing its market presence[22] - The revenue from the sale of wide-body dump trucks was ¥3,883,741,527.13, up 49.69% year-on-year, driven by strong coal market demand[79] - Domestic revenue was ¥3,743,051,557.37, reflecting a year-on-year increase of 40.41%, while foreign revenue was ¥351,258,745.72, showing a significant increase of 390.64%[78] Financial Position and Assets - Total assets increased by 73.37% from the beginning of the year to 4,789,850,214.94 CNY, compared to 2,762,849,384.11 CNY at the beginning of the year[32] - The total liabilities increased by 90.02% to 2,996,034,759.61 CNY from 1,576,695,562.56 CNY at the beginning of the year[32] - The asset-liability ratio (consolidated) was reported at 62.55%, an increase from 57.07% at the beginning of the year[32] - The accounts receivable balance at the end of 2021 was approximately ¥939.18 million, accounting for 19.61% of total assets and 22.67% of current assets[30] - The company's cash and cash equivalents at the end of the period were 1.171 billion yuan, up 202.17% from the beginning of the year[60] Risk Management - The company is exposed to risks related to macroeconomic fluctuations, particularly in the mining sector, which could impact demand for its products[30] - The company has identified risks related to market fluctuations in the engineering machinery industry and plans to strengthen management and control operational risks[128] - The company has no delisting risk as confirmed in the conference call[16] Corporate Governance and Shareholder Information - The company has a total share capital of 452,525,000 shares, with no controlling shareholder[23] - The company has completed the employee stock ownership plan, with all shares subscribed by eligible participants[156] - The employee stock ownership plan involved a total of 10,000,000 shares, with 4,800,000 shares (48.00%) held by directors and senior management[155] - The company’s major shareholders, including Ye Lei, Xu Yanan, and Fan Bin, committed to not transferring or entrusting others to manage their shares for 36 months after the company is listed on the selected tier[171] Social Responsibility - The company actively fulfills social responsibilities, ensuring all employees have signed written labor contracts and are provided with basic social insurance, including pension and medical insurance[108] - Despite the impact of COVID-19, the company maintained its workforce without layoffs or salary reductions, prioritizing the recruitment of recent graduates[109] - The company is committed to sustainable development practices, adhering to environmental regulations and promoting green operations[109]