Financial Performance - The company achieved a total operating revenue of RMB 16.15 billion in 2023, representing a year-on-year increase of 26.19%[10]. - The operating revenue after deducting non-main business income was RMB 15.94 billion, up 26.69% compared to the previous year[11]. - The net profit attributable to shareholders was RMB 48.07 million, a decrease of 93.02% year-on-year, primarily due to reduced investment income from joint ventures[11]. - Basic earnings per share were RMB 0.0340, down 93.02% from the previous year[11]. - The net cash flow from operating activities was RMB 3.31 billion, an increase of 64.36% year-on-year, mainly due to increased ship progress payments received[12]. - The weighted average return on net assets was 0.30%, a decrease of 4.36 percentage points year-on-year[11]. - The company reported a net profit of RMB -1.76 million after deducting non-recurring gains and losses, an improvement compared to the previous year's loss[11]. - The total assets at the end of 2023 were RMB 50.86 billion, reflecting a year-on-year increase of 5.32%[10]. - The company reported a total revenue of RMB 15.941 billion, a year-on-year increase of 26.69%[30]. - The company reported a significant increase in revenue, achieving a total of 50 billion RMB for the fiscal year 2023, marking a year-over-year growth of 15%[117]. Profit Distribution - The company plans to distribute a cash dividend of RMB 0.11 per 10 shares, totaling approximately RMB 15.55 million, which represents 32.35% of the net profit attributable to shareholders for the year[3]. - The board of directors has approved the profit distribution plan, pending approval at the annual general meeting[3]. - The company has not made any adjustments to its cash dividend policy during the reporting period[144]. - The company’s profit distribution policy emphasizes stable and continuous returns to shareholders, with a principle of distributing at least 30% of the average distributable profit over the last three years[145]. Operational Efficiency - The company focused on optimizing operational efficiency and completed its annual delivery tasks ahead of schedule[11]. - The company has made significant advancements in production efficiency and management, leading to improved operational quality[20]. - The company is focusing on enhancing production efficiency and profitability through lean production and management improvements[75]. - The company plans to enhance its supply chain efficiency, aiming for a reduction in operational costs by 10% over the next fiscal year[119]. Research and Development - The company has established 11 provincial and national-level technology innovation platforms, enhancing its research and development capabilities[21]. - Research and development (R&D) expenses totaled RMB 658.53 million, representing 4.08% of operating revenue, with no capitalized R&D expenditures[46]. - The company completed 530 patent applications and received 281 patent grants during the reporting period, enhancing its innovation capabilities[47]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technologies and product development[120]. Market Expansion - The company is actively expanding its defense equipment market while also increasing its presence in the civil shipbuilding sector[18]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[118]. - Market expansion plans include entering three new international markets by the end of 2024, aiming for a 5% market share in each[120]. Risk Management - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[3]. - The company has established risk management measures to mitigate market, liquidity, credit, operational, and legal risks associated with derivative trading[64]. - The company is actively managing customer risks to mitigate potential defaults on orders due to financial difficulties faced by shipowners[77]. Corporate Governance - The company has implemented a governance structure in compliance with the Company Law and relevant regulations, with no significant deviations noted[89]. - The board consists of 10 members, including 2 executive directors, 4 non-executive directors, and 4 independent non-executive directors, ensuring diverse expertise[90]. - The company has adopted a board diversity policy to enhance its development through varied professional skills and industry experiences[90]. - The company emphasizes the importance of leadership continuity with the re-election of several key board members[123]. Environmental Responsibility - The company invested RMB 21.613 million in environmental protection during the reporting period[157]. - The company has established a carbon emission reduction mechanism, with a target to reduce carbon emissions by approximately 11,086 tons through various measures[169]. - The smart air compressor station at Longxue plant, operational since February 2023, is expected to reduce comprehensive energy consumption by about 1,106 tons of standard coal and carbon emissions by approximately 4,500 tons[169]. - The company has developed a comprehensive environmental self-monitoring plan in accordance with national standards, ensuring all emissions meet regulatory requirements[165]. Related Party Transactions - The company has established a 2023 framework agreement with China Shipbuilding Group to continue regulating ongoing related transactions and financial services from January 1, 2023, to December 31, 2023[187]. - The group confirmed that all related party transactions were conducted under fair and reasonable terms, in compliance with the approved limits set by the shareholders' meeting[194]. - The company has committed to resolving competition issues with its controlling shareholder through a three-step approach initiated in 2019[113]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12% based on current market trends and user acquisition strategies[119]. - For 2024, the company plans to achieve a revenue of RMB 17.6 billion and aims to sign contracts worth RMB 15.1 billion[75]. - The company plans to continue expanding its financial services and related transactions in 2024[114].

第一章 总则 第一条 为规范中船海洋与防务装备股份有限公司（以下简称"公 司"）选聘（含续聘、改聘，下同）会计师事务所行为，提升审计质量， 切实维护股东合法权益，根据《中华人民共和国公司法》《中华人民共和 国会计法》《国有企业、上市公司选聘会计师事务所管理办法》等相关法 律法规及公司章程，制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规 要求，聘任会计师事务所对财务会计报告发表审计意见、出具审计报告的 行为。 会计师事务所选聘制度 （本制度经 2024 年 4 月 8 日第十一届董事会第三次会议审议通过） 第三条 公司选聘会计师事务所应当经董事会审计委员会（以下简称 "审计委员会"）审议同意后，提交董事会审议，并由股东大会决定。公 司不得在董事会、股东大会审议前聘请会计师事务所开展审计业务。 第二章 会计师事务所的执业质量要求 第四条 公司选聘的会计师事务所应当具备下列条件： （一）具有独立的法人资格，具备国家行业主管部门和中国证监会规定 的开展证券期货相关业务的执业资格； （二）具有固定的工作场所、健全的组织机构和完善的内部管理和控制 1 制度； （三）熟悉国家有关财务会计方面法律 ...

Financial Performance - The company's total revenue for 2023 reached RMB 16.15 billion, representing a year-on-year increase of 26.19%[16]. - The net profit attributable to shareholders was RMB 48.07 million, a significant decrease of 93.02% compared to the previous year[19]. - The basic earnings per share for 2023 was RMB 0.0340, down 93.02% from RMB 0.4871 in 2022[18]. - The company's total revenue for the reporting period reached RMB 15.94 billion, representing a year-on-year increase of 26.69%[35]. - The company achieved operating revenue of RMB 16.146 billion in 2023, completing 117% of the annual plan[82]. - The company plans to achieve operating revenue of RMB 17.6 billion in 2024 and contract undertakings of RMB 15.1 billion[82]. Cash Flow and Dividends - The company plans to distribute a cash dividend of RMB 0.11 per 10 shares, totaling approximately RMB 15.55 million, which represents 32.35% of the net profit attributable to shareholders for the year[4]. - The operating cash flow for the year was RMB 3.31 billion, reflecting a 64.36% increase year-on-year, primarily due to increased shipbuilding progress payments received[19]. - The net cash increase for the period was -1.369 billion RMB, a decrease of 7.022 billion RMB year-on-year[54]. - Net cash flow from operating activities was 3.31 billion RMB, an increase of 64.36% compared to the previous year[55]. Assets and Liabilities - The company's total assets of the company reached RMB 50.86 billion, marking a 9.36% increase year-on-year[17]. - The company's net assets attributable to shareholders increased to RMB 16.42 billion, a growth of 5.32% from the previous year[17]. - Accounts receivable increased by 84.09% year-on-year, reaching 2.12 billion RMB[58]. - Inventory increased by 24.83% year-on-year, totaling 5.43 billion RMB[58]. Operational Highlights - The company completed the delivery of 46 vessels totaling 1.0831 million deadweight tons during the reporting period[26]. - The total value of new orders received by the company was 18.3 billion yuan, an increase of 27.5% year-on-year, exceeding the annual operational target[26]. - The company achieved a revenue of RMB 6.37 billion in Q4 2023, significantly higher than the previous quarters due to seasonal factors in shipbuilding[22]. - The company sold 46 vessels during the reporting period, with production volume increasing by 43.75% year-on-year[38]. Research and Development - Research and development expenses rose by 14.28% to RMB 658.53 million, driven by new research projects and increased investment in existing projects[32]. - The company has developed a methanol dual-fuel power solution for its self-developed "Honghu" 1900TEU/3000TEU feeder container ships and "Haiqing" 85,000DWT bulk carriers[30]. - The company has initiated a new R&D program aimed at developing eco-friendly shipbuilding technologies, with an investment of 500 million RMB over the next three years[123]. Environmental and Social Responsibility - The company has invested RMB 2,161.3 million in environmental protection during the reporting period[151]. - The company has reduced carbon emissions by 11,086 tons during the reporting period[162]. - Total investment in social responsibility initiatives amounted to 1.2 million CNY, benefiting 1,000 individuals through volunteer activities[165]. - The company has established emergency response plans for environmental incidents and conducts regular drills[157]. Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[3]. - The company confirmed compliance with the requirement of having at least three independent non-executive directors as stipulated by the listing rules[87]. - The company’s governance structure adheres to the Company Law and relevant regulations without significant discrepancies[86]. - The company has established multiple channels for continuous communication with shareholders, including annual reports and regular announcements[101]. Market Position and Strategy - The company is focused on expanding its defense equipment market while also increasing its production efficiency and delivery capabilities in the shipbuilding sector[26]. - The company aims to enhance its core competitiveness by focusing on continuous R&D and construction technology improvements to explore new growth points and improve profitability[30]. - The company is actively pursuing mergers and acquisitions to strengthen its competitive position in the industry[1]. Risk Management - The management has detailed potential risks in the report, which investors should review[6]. - The company emphasizes that forward-looking statements do not constitute a commitment to investors and advises caution regarding investment risks[5]. - The company is focusing on risk management strategies to mitigate financial risks related to exchange rates and interest rates[83].

Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 16,145,951,496.09[1] - The profit attributable to equity holders of the company was RMB 48,067,553.44, resulting in earnings per share of RMB 0.0340[1] - The company achieved an operating revenue of RMB 16.146 billion in 2023, representing a year-on-year growth of 26.19%[10] - The net profit attributable to shareholders was RMB 48.07 million, a decrease of RMB 640 million or 93.02% year-on-year[10] - The basic earnings per share for 2023 was RMB 0.0340, down 93.02% from RMB 0.4871 in 2022[12] - The company reported a total gross profit of RMB 1.001 billion, an increase of RMB 182 million compared to the previous year, with a gross profit margin of 6.28%[22] - The company's total revenue for the reporting period reached RMB 15.941 billion, representing a year-on-year growth of 26.69%[22] - The company reported a significant decrease in direct material and processing costs in the offshore engineering and ship repair segments due to lower revenue[30] - The company reported a net profit of 47,246,209.40 RMB for 2023, down from 692,479,205.06 RMB in 2022, indicating a decline of approximately 93%[61] Dividends and Profit Distribution - The proposed cash dividend is RMB 0.11 per 10 shares, totaling RMB 15,548,570.16, which represents 32.35% of the net profit attributable to shareholders for the year[4] - The company plans to maintain a stable profit distribution policy, emphasizing reasonable and stable returns to shareholders while considering long-term sustainable development[2] Shipbuilding and Market Performance - The global new ship order volume in 2023 was 43.01 million compensated gross tons, a year-on-year increase of 0.5%[6] - The global ship delivery volume was 34.85 million compensated gross tons, reflecting a year-on-year increase of 16.2%[6] - The new ship price index reached 178 points by December 2023, marking a 10.2% increase year-on-year, the highest since December 2008[6] - The market share of China's shipbuilding completion volume, new orders, and hand-held orders accounted for 50.2%, 66.6%, and 55% of the global total, respectively[6] - The company secured new orders worth RMB 18.3 billion, an increase of 27.5% year-on-year, exceeding its annual operational targets[10] - Revenue from the shipbuilding industry reached ¥15,941,256,203.17, a year-on-year increase of 26.69%, with a gross margin of 6.28%[20] - Revenue from shipbuilding business amounted to RMB 13.234 billion, with a year-on-year increase of 67.95%[24] - Revenue from the Chinese market (including Hong Kong, Macau, and Taiwan) increased by RMB 3.740 billion, a growth of 33.17%[28] Costs and Expenses - Total costs for the reporting period amounted to RMB 1,494,008.62 million, representing a 27.00% increase compared to RMB 1,176,398.40 million in the same period last year[29] - Direct material costs increased by 72.26% to RMB 933,879.24 million, while processing costs rose by 62.32% to RMB 317,439.95 million in the shipbuilding segment[30] - Total operating costs for 2023 were RMB 16,195,308,620.12, up from RMB 12,720,499,852.53 in 2022, reflecting a rise of 27.0%[58] Research and Development - Research and development expenses increased by 14.28% to RMB 658.53 million compared to the previous year[13] - R&D expenditures totaled RMB 658,533,832.96, accounting for 4.08% of operating revenue, with no capitalized R&D expenses reported[31] - The number of R&D personnel is 1,321, making up 18.94% of the total workforce, with 12 holding doctoral degrees and 92 holding master's degrees[32] - The company completed 530 patent applications and received 281 patent grants during the reporting period, enhancing its innovation capabilities[33] Cash Flow and Liquidity - The net cash flow from operating activities rose by 64.36% to RMB 3.31 billion, driven by increased progress payments for vessels[13] - Cash and cash equivalents at the end of the period reached ¥16,422,805,149.57, accounting for 32.29% of total assets, an increase of 10.86% compared to the previous period[17] - The company's cash and cash equivalents stood at RMB 16.42 billion, compared to RMB 14.81 billion in 2022, marking an increase of around 10.8%[52] - The total cash inflow from operating activities was RMB 20,420,113,162.73, up from RMB 17,919,669,761.93 in the previous year, representing an increase of 8.8%[63] Assets and Liabilities - As of December 31, 2023, the company's total assets amounted to RMB 50.86 billion, an increase from RMB 46.51 billion in 2022, representing a growth of approximately 7.6%[54] - The company's current assets reached RMB 29.83 billion, up from RMB 25.85 billion in the previous year, indicating a growth of about 15.4%[52] - The total liabilities increased to RMB 31.26 billion from RMB 27.76 billion, reflecting a rise of approximately 12.0%[55] - Long-term borrowings increased by 48.61% to ¥3,314,314,701.47, now accounting for 6.52% of total assets, due to the acquisition of policy loans[19] Future Outlook and Strategy - For 2024, the company plans to achieve a revenue of RMB 17.6 billion and aims to secure contracts worth RMB 15.1 billion[48] - The company is focusing on enhancing production efficiency and profitability through lean production and management improvements[48] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[50] - The company is actively pursuing strategies for market expansion and potential acquisitions to bolster growth[98] Corporate Governance and Compliance - The company has adopted all applicable principles and code provisions of the corporate governance code as per Hong Kong listing rules[43] - The company assessed its ability to continue as a going concern for the next 12 months and believes its current financial position is sufficient to support operations[68]

| 党的建设 | 47 | | --- | --- | | 公司治理 | 49 | | 安全生产 | 55 | | 科技创新 | 59 | | 质量管理 | 61 | CONTENTS 目录 | | | | "双碳"行动 | 17 | | --- | --- | | 环境管理 | 19 | | 绿色运营 | 23 | | 保护生态 | 28 | | 致利益相关方的一封信 | 01 | | --- | --- | | 关于我们 | 03 | | 数说 2023 | 05 | | ESG 管理 | 07 | | 责任聚焦 | 11 | | 指标索引 | 63 | | --- | --- | | 关于本报告 | 65 | 共享幸福未来 | 关爱员工 | 31 | | --- | --- | | 服务客户 | 38 | | 合作共赢 | 40 | | 回馈社会 | 43 | 当 我 们 要 写 2023， 就 不 能 只 写 2023。要写"中国经济在风浪中强 健了体魄、壮实了筋骨"，写"到 处都是日新月异的创造"，写"活 力满满、绿意盎然的生态"，还要 写"热气腾腾、美好幸福的生活温度" ……2023 年是全面贯彻 ...

独立董事 2023 年度述职报告 （聂炜） 作为中船海洋与防务装备股份有限公司（以下简称"中船防务"、"公 司"或"本公司"）第十届董事会独立董事，2023 年度本人严格按照《公 司法》、《证券法》、《上市公司独立董事规则》等法律法规、上海、香港两 地上市规则等规范性文件及公司《公司章程》、《独立董事工作细则》等 有关规定和要求，本着客观、公正、独立的原则，勤勉尽责、独立履职， 准时出席公司各项会议，审慎发表独立意见，充分发挥独立董事作用，对 公司规范运作起到了促进作用，有效维护了公司整体利益和全体股东的合 法权益。现将本人在 2023 年度履行独立董事职责的情况报告如下： 一、独立董事基本情况 聂炜，男，1970 年 12 月出生。1994 年毕业于武汉大学法学院，获得 法学学士学位。历任中国人民银行广州分行纪检组、法律处主任科员；中 国光大银行广州分行资产保全部副总经理、法律事务中心主任；广东创杰 律师事务所专职律师、合伙人；珠海农商行股份有限公司独立董事。现任 广东南国德赛律师事务所任专职律师、合伙人；江门农村商业银行股份有 限公司独立董事。2020 年 10 月 23 日开始担任公司第十届董事会独立董 ...

中船海洋与防务装备股份有限公司 内部控制审计报告 2023 年度 信会师报字[2024]第 ZL10041 号 立信会计师事务所(特殊普通合伙) BDO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANT 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的 有效性发表审计意见,并对注意到的非财务报告内部控制的重大缺陷 进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。 此外,由于情况的变化可能导致内部控制变得不恰当,或对控制政策 和程序遵循的程度降低,根据内部控制审计结果推测未来内部控制的 有效性具有一定风险。 内部控制审计报告 信会师报字[2024]第 ZL10041 号 中船海洋与防务装备股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了中船海洋与防务装备股份有限公司(以下简称中 船防务)2023年12月31日的财务报告内部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指 ...

公司代码：600685 公司简称：中船防务 中船海洋与防务装备股份有限公司 2023 年度内部控制评价报告 中船海洋与防务装备股份有限公司全体股东： 二. 内部控制评价结论 1. 公司于内部控制评价报告基准日，是否存在财务报告内部控制重大缺陷 □是√否 2. 财务报告内部控制评价结论 √有效□无效 根据公司财务报告内部控制重大缺陷的认定情况，于内部控制评价报告基准日，不存在财务报告内 部控制重大缺陷，董事会认为，公司已按照企业内部控制规范体系和相关规定的要求在所有重大方面保 持了有效的财务报告内部控制。 3. 是否发现非财务报告内部控制重大缺陷 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2023年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责 ...

Financial Performance - The company's operating revenue for Q3 2023 reached ¥3,790,016,353.59, representing a 25.16% increase compared to ¥3,028,204,232.73 in the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was ¥11,534,072.30, a significant increase of 139.61% from ¥4,840,673.68 in the previous year[4] - The basic earnings per share for Q3 2023 was ¥0.0082, up 141.18% from ¥0.0034 in the same period last year[5] - Operating revenue increased by 33.88% year-on-year due to steady production growth and an increase in completed products meeting revenue recognition criteria[10] - Net profit attributable to shareholders increased by 139.61% in the current reporting period, driven by improved overall profit margins and increased gross profit from recognized products[10] - Basic and diluted earnings per share for the current reporting period rose by 141.18% year-on-year, reflecting a significant increase in net income[10] - Net profit for Q3 2023 was ¥34,160,134.30, slightly down from ¥34,971,665.03 in Q3 2022[23] Cash Flow and Operating Activities - The company’s cash flow from operating activities for the year-to-date was ¥326,330,796.17, a significant improvement from -¥686,823,270.60 in the previous year[5] - Net cash flow from operating activities was CNY 326,330,796.17, a significant improvement compared to a net outflow of CNY -686,823,270.60 in Q3 2022[26] - Cash inflow from financing activities amounted to CNY 2,846,000,000.00, a decrease from CNY 4,395,286,000.00 in the same quarter last year[28] - The ending balance of cash and cash equivalents was CNY 7,088,553,064.79, an increase from CNY 5,122,149,543.73 at the end of Q3 2022[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥49,403,469,252.19, reflecting a 6.22% increase from ¥46,479,786,644.65 at the end of the previous year[5] - The total liabilities increased to CNY 24.92 billion, up from CNY 24.36 billion, reflecting a growth of 2.31%[19] - The company's total liabilities increased to ¥30,044,098,188.95 in Q3 2023, compared to ¥27,756,614,043.84 in Q3 2022[20] - Total equity attributable to shareholders at the end of the reporting period was ¥16,183,764,818.64, an increase of 3.82% from ¥15,588,030,556.81 at the end of the previous year[5] - Total equity attributable to shareholders reached ¥16,183,764,818.64, up from ¥15,588,602,692.22 in the previous year[20] Inventory and Receivables - Accounts receivable increased by 83.89% year-on-year, indicating a rise in amounts not yet collected at the reporting date[14] - Inventory rose by 37.76% year-on-year, reflecting an increase in work-in-progress that has not yet met revenue recognition criteria[14] - Inventory levels rose to CNY 5.99 billion, a 37.73% increase from CNY 4.35 billion in the previous year, suggesting higher production output[18] Borrowings and Financial Management - Short-term borrowings decreased by 74.09% year-on-year, as the company repaid loans due to financial institutions[14] - Long-term borrowings increased by 67.05% to CNY 3.73 billion from CNY 2.23 billion year-over-year, indicating enhanced financing capabilities[16] - The company reported a decrease in deferred income by 45.57% to CNY 47.72 million, reflecting a reduction in unrecognized government grants[16] - Financial expenses improved, with a net income of CNY -280.79 million, compared to CNY -407.21 million in the previous year, indicating better management of interest and exchange rate impacts[16] Other Comprehensive Income and Investment - The company’s other comprehensive income increased by 62.67% to CNY 2.36 billion, driven by the rise in fair value of held stocks[16] - The company reported a loss of CNY -2.86 million compared to a loss of CNY -34.48 million in the previous year, indicating better performance in financial asset management[16] Research and Development - Research and development expenses for Q3 2023 were ¥414,659,147.83, an increase from ¥356,591,033.11 in Q3 2022[22]

Revenue and Profit Growth - Revenue for the reporting period was RMB 3,790,016,353.59, a 33.88% increase compared to the same period last year[2] - Net profit attributable to shareholders of the listed company was RMB 11,534,072.30, a 139.61% increase compared to the same period last year[2] - Basic earnings per share (EPS) were RMB 0.0082, a 141.18% increase compared to the same period last year[2] - Revenue from the beginning of the reporting period increased by 33.88% due to steady production growth and increased completion of products meeting revenue recognition conditions[10] - Net profit attributable to shareholders of the listed company for the reporting period increased by 139.61%, driven by improved production efficiency and increased product gross profit[10] - Basic earnings per share for the reporting period increased by 141.18%, reflecting higher production efficiency and increased product gross profit[10] - Diluted earnings per share for the reporting period also increased by 141.18%, in line with basic earnings per share[10] - Operating income increased by 33.88% to RMB 9,772,350,156.63 due to steady production growth and increased completion of products meeting revenue recognition conditions[17] - Operating revenue for the first three quarters of 2023 reached 9.77 billion yuan, a 33.9% increase from 7.30 billion yuan in the same period of 2022[22] - Net profit attributable to the parent company's shareholders increased to RMB 24,199,357.20 in 2023 from RMB 23,742,568.65 in 2022[27] - Basic earnings per share (EPS) for the first three quarters of 2023 was RMB 0.0171, slightly up from RMB 0.0168 in 2022[28] Assets and Liabilities - Total assets at the end of the reporting period were RMB 49,403,469,252.19, a 6.22% increase compared to the end of the previous year[3] - Equity attributable to shareholders of the listed company was RMB 16,183,764,818.64, a 3.82% increase compared to the end of the previous year[3] - Total assets increased to 49.40 billion yuan as of September 30, 2023, compared to 46.51 billion yuan at the end of 2022[20] - Total liabilities rose to 30.04 billion yuan as of September 30, 2023, up from 27.76 billion yuan at the end of 2022[21] - Total equity attributable to owners of the parent company increased to 16.18 billion yuan as of September 30, 2023, from 15.59 billion yuan at the end of 2022[21] - Short-term borrowings decreased significantly to 746.45 million yuan as of September 30, 2023, from 2.88 billion yuan at the end of 2022[20] - Long-term borrowings increased to 3.73 billion yuan as of September 30, 2023, up from 2.23 billion yuan at the end of 2022[21] Cash Flow and Financial Activities - The company's cash flow from operating activities improved due to increased progress payments for ship products and reduced payments for material and equipment purchases[10] - Net cash flow from operating activities improved to RMB 326,330,796.17 from a negative RMB 686,823,270.60 due to increased progress payments for ship products and reduced material procurement payments[18] - Net cash flow from financing activities decreased by 230.15% to a negative RMB 1,148,671,253.57 due to the repayment of loans to financial institutions[18] - Cash flow from operating activities for the first three quarters of 2023 was RMB 326,330,796.17, a significant improvement from a loss of RMB -686,823,270.60 in 2022[30] - Cash flow from investing activities for the first three quarters of 2023 was RMB -3,222,960,178.21, a larger outflow compared to RMB -574,145,371.74 in 2022[32] - Cash flow from financing activities for the first three quarters of 2023 was RMB -1,148,671,253.57, compared to a positive RMB 882,599,669.69 in 2022[32] - Exchange rate impact on cash and cash equivalents decreased to 63,868,414.56 in the first three quarters of 2023 from 83,456,959.41 in the same period of 2022[33] - Net increase in cash and cash equivalents was -3,981,432,221.05 in the first three quarters of 2023, compared to -294,912,013.24 in the same period of 2022[33] - Beginning cash and cash equivalents balance was 11,069,985,285.84 at the start of 2023, up from 5,417,061,556.97 at the start of 2022[33] - Ending cash and cash equivalents balance was 7,088,553,064.79 at the end of the first three quarters of 2023, compared to 5,122,149,543.73 at the end of the same period in 2022[33] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses for the reporting period amounted to RMB 31,084,441.26[7] - Government subsidies related to normal business operations totaled RMB 8,090,000.00, including RMB 5,090,000.00 for fiscal interest subsidies and RMB 3,000,000.00 for first-set insurance subsidies[8] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the reporting period decreased by 178.14%, mainly due to increased gains from fixed asset disposals[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,845[11] - HKSCC NOMINEES LIMITED holds 41.70% of the shares, making it the largest shareholder[12] - China State Shipbuilding Corporation Limited holds 34.05% of the shares, making it the second-largest shareholder[12] - The top 10 shareholders hold a significant portion of the company's shares, with the top two shareholders holding over 75% combined[12][13] Financial Assets and Liabilities - Trading financial assets decreased by 66.19% to RMB 10,099,875.74 due to the expiration of some financial derivatives and a decline in the fair value of held derivatives[16] - Accounts receivable increased by 83.89% to RMB 1,964,041,883.92 due to an increase in payments not yet due[16] - Inventory increased by 37.76% to RMB 5,997,601,386.53 due to an increase in work-in-progress that did not meet revenue recognition conditions[16] - Short-term borrowings decreased by 74.09% to RMB 746,445,805.55 due to the repayment of loans to financial institutions[16] - Long-term borrowings increased by 67.05% to RMB 3,725,716,000.00 due to an increase in policy loans[17] Operating Costs and Expenses - Operating costs increased by 33.68% to RMB 9,106,969,194.31 in line with the increase in operating income[17] - Operating costs for the first three quarters of 2023 were 9.76 billion yuan, up 34.8% from 7.24 billion yuan in the same period of 2022[22] - R&D expenses for the first three quarters of 2023 totaled 414.66 million yuan, a 16.3% increase from 356.59 million yuan in the same period of 2022[24] Investment and Fair Value Changes - Investment income for the first three quarters of 2023 showed a loss of 2.86 million yuan, compared to a loss of 34.48 million yuan in the same period of 2022[26] - Fair value change losses for the first three quarters of 2023 amounted to 101.38 million yuan, significantly higher than the 45.95 million yuan loss in the same period of 2022[26] Comprehensive Income - Other comprehensive income after tax for the first three quarters of 2023 was RMB 922,177,789.00, a significant improvement from a loss of RMB -357,558,605.28 in 2022[27] - Comprehensive income total for the first three quarters of 2023 was RMB 956,337,923.30, compared to a loss of RMB -322,586,940.25 in 2022[28] Accounting Standards and Adjustments - The company implemented the "Accounting Standards for Business Enterprises Interpretation No. 16" starting from January 1, 2023, leading to retrospective adjustments in financial statements[3] Monetary Funds - Monetary funds decreased to RMB 13,802,271,572.69 from RMB 14,813,771,761.29[19]