Financial Performance - Net profit attributable to shareholders rose by 114.72% to CNY 685.29 million for the first nine months[7] - Operating revenue surged by 257.81% to CNY 19.14 billion year-on-year[7] - Basic earnings per share increased by 110.53% to CNY 0.40 per share[7] - The company reported a net profit of CNY 484.19 million after deducting non-recurring gains and losses, an increase of 80.99% year-on-year[7] - The net profit for the first nine months was CNY 78,848.80 million, reflecting a 123.06% increase from the previous year[19] - The net profit attributable to the parent company was CNY 68,529.13 million, up 114.72% year-on-year, with the coal machinery segment contributing CNY 58,308.98 million, a 187.91% increase[20] - The net profit attributable to shareholders for the first nine months of 2018 was CNY 4,733,107,126.88, compared to CNY 4,134,439,424.16 in the same period last year, showing an increase of approximately 14.5%[32] - The net profit attributable to the parent company for Q3 2018 was CNY 229,363,034.47, an increase from CNY 156,128,715.72 in Q3 2017, representing a growth of approximately 46.7%[37] Revenue and Costs - Total operating revenue for the third quarter reached CNY 6,416,433,151.87, a significant increase from CNY 2,086,996,321.13 in the same period last year, representing a growth of approximately 207.5%[35] - Total operating costs for the third quarter were CNY 6,073,914,304.96, compared to CNY 1,898,245,904.77 in the previous year, reflecting an increase of about 220.5%[35] - The coal machinery segment generated revenue of CNY 576,310.42 million, up 65.76% year-on-year, driven by improved demand in the coal industry[17] - The automotive parts segment reported revenue of CNY 1,337,382.76 million, a significant increase of 614.59%, with CNY 1,046,468.67 million attributed to the newly acquired SEG Automotive[17] - Total revenue for the first nine months of 2018 reached CNY 1,066,540,911.40, compared to CNY 430,517,970.48 in the same period of 2017, indicating a year-over-year increase of about 147.8%[36] Assets and Liabilities - Total assets increased by 42.38% to CNY 27.27 billion compared to the end of the previous year[7] - The company's total assets reached approximately 27.27 billion RMB, up from 19.15 billion RMB, marking an increase of about 42.5%[28] - The total liabilities increased to CNY 5,630,460,015.82 from CNY 4,198,412,188.02, marking an increase of about 34.2%[33] - The company's total equity increased to CNY 12,228,284,486.72 from CNY 11,575,308,177.86, reflecting a growth of about 5.6%[33] Cash Flow - Net cash flow from operating activities decreased by 60.52% to CNY 359.36 million compared to the same period last year[7] - Cash flow from operating activities for the first nine months of 2018 was CNY 18,894,616,955.93, significantly higher than CNY 4,962,879,690.96 in the same period last year[44] - The net cash flow from investing activities was negative at CNY -1,103,763,428.68 for the first nine months of 2018, compared to CNY -1,843,142,725.36 in the previous year[44] - The company reported a net cash flow from financing activities of CNY 1,408,004,710.51 for the first nine months of 2018, an increase from CNY 458,470,508.63 in the same period last year[44] Shareholder Information - The total number of shareholders reached 46,337, with the largest shareholder holding 30.08% of the shares[10] Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in this report[7] - The company has completed the acquisition of 100% equity in SEG Automotive Germany GmbH, enhancing its market position in the automotive sector[22] - The company plans to issue up to 346,494,274 A-shares to raise no more than 1.8 billion RMB for the construction of an intelligent factory for coal mining equipment and four other projects[21] - The company has established new subsidiaries, including Zhengzhou Sesame Street Industrial Co., Ltd., expanding its operational footprint[24] Research and Development - Research and development expenses for Q3 2018 amounted to CNY 131,468,720.34, up from CNY 71,975,875.33 in Q3 2017, reflecting an increase of approximately 82.5%[36] - Research and development expenses increased to CNY 72,251,312.07 in Q3 2018, up from CNY 34,941,424.32 in Q3 2017, reflecting a growth of approximately 106.6%[40] Future Outlook - Future outlook includes continued investment in R&D and potential market expansion strategies to enhance competitive advantage[40]

Financial Performance - The company's operating revenue for the first half of 2018 reached ¥12.72 billion, a significant increase of 290.04% compared to ¥3.26 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was ¥455.93 million, up 179.66% from ¥163.03 million in the previous year[20]. - Basic earnings per share for the first half of 2018 were ¥0.26, a 160% increase from ¥0.10 in the same period last year[21]. - The company reported a net profit excluding non-recurring gains and losses of ¥379.01 million, an increase of 182.34% from ¥134.24 million in the same period last year[20]. - The company reported a total revenue of CNY 12,720,498,610.35, representing a year-over-year increase of 290.04%[45]. - The net profit attributable to the parent company was CNY 45,592.82 million, up 179.66% compared to the previous year[46]. - The automotive parts segment generated a revenue of CNY 915,506.33 million, a significant increase of 725.68% year-over-year, largely due to the acquisition of SEG Automotive[49]. - The coal machinery segment's revenue reached CNY 356,543.53 million, reflecting a 65.64% increase year-over-year, driven by a recovery in the coal industry[49]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥348.18 million, a decline of 146.12% compared to a positive cash flow of ¥754.98 million in the same period last year[20]. - The total assets of the company increased by 40.69% to ¥26.95 billion from ¥19.15 billion at the end of the previous year[20]. - The company's accounts receivable surged to CNY 5,708,400,654.13, representing a 121.81% increase from the previous year, attributed to increased sales and acquisitions[53]. - The company's total liabilities increased to CNY 15,030,143,961.54 from CNY 7,579,279,761.32, indicating a growth of around 98.4%[116]. - The total current assets reached CNY 17,820,310,598.73, up from CNY 10,607,438,016.05 at the start of the year, reflecting a growth of approximately 67.5%[116]. Acquisitions and Investments - The company completed the acquisition of 100% equity in SEG Automotive Germany GmbH, with total assets of RMB 819,345.83 million and net assets of RMB 268,164.14 million as of the reporting period[30]. - The company plans to issue up to 346,494,274 A shares to raise no more than ¥1.8 billion for the construction of an intelligent factory for coal mining equipment[8]. - The company reported a significant increase in tax liabilities, with a 351.25% rise in payable taxes to CNY 371.71 million[54]. - The company provided guarantees totaling RMB 2,542.10 million to Datong Queshan Gaojiakou Coal Industry Co., Ltd. with a maturity date in February 2019[75]. Market and Industry Trends - The coal mining machinery business is experiencing a recovery, with China's coal production increasing by 3.9% year-on-year to 1.7 billion tons in the first half of 2018, and the coal mining and washing industry achieving a total revenue of RMB 12,746.5 billion, up 4.3% year-on-year[25][26]. - The automotive industry in China saw production and sales of 14.06 million vehicles, representing a year-on-year growth of 5.6%[28]. - The coal mining industry is experiencing improved profitability, with total profits reaching RMB 156.4 billion in the first half of 2018, up 18.4% year-on-year[25]. Operational Challenges and Risks - The company has outlined potential risks in its operations and development strategies, urging investors to be aware of investment risks[7]. - The company faces risks from market competition, economic policy changes, and fluctuations in raw material prices, which could impact overall performance[61]. - The integration of SEG's operations across multiple countries presents management challenges due to differing legal and cultural environments[62]. Environmental and Social Responsibility - The company was listed as a key pollutant discharge unit in Zhengzhou, with specific wastewater and air emission standards being monitored[82]. - The company invested approximately 10 million CNY to establish a comprehensive wastewater treatment station with a designed daily processing capacity of 600 tons[84]. - The company has committed to social responsibility with a cumulative poverty alleviation expenditure of CNY 200,000 as of June 30, 2018[80]. Corporate Governance and Management - The company held its first extraordinary general meeting of shareholders on February 12, 2018, where six resolutions were approved, including the signing of the "Joint Investment Advisor Agreement" and amendments to the company's articles of association[64]. - The company experienced significant changes in its board and management, with multiple resignations and new appointments during the reporting period[111]. - The company appointed Huang Hua as the Chief Financial Officer on February 12, 2018, after her share reduction[109]. Research and Development - The company’s R&D team consists of approximately 600 members, with two global R&D centers in Germany and China, focusing on innovation and product improvement[35]. - Research and development expenses amounted to CNY 187,616,918.52, an increase of 81.41% compared to the previous year[45]. - The company is actively developing new technologies and materials to improve production efficiency and reduce costs, including research on water-based coatings and automated processes[41].

Financial Performance - Operating revenue surged by 192.04% to CNY 2,504,653,374.15 year-on-year[7] - Net profit attributable to shareholders rose by 106.51% to CNY 153,217,097.84 compared to the same period last year[7] - Basic earnings per share increased by 120% to CNY 0.088 compared to CNY 0.04 in the previous year[7] - The company's total revenue for Q1 2018 reached CNY 2,504,653,374.15, a significant increase of 192.04% compared to CNY 857,636,198.77 in Q1 2017, primarily driven by the new automotive parts segment contributing CNY 1,007,777,903.97 and a 74.54% increase in the coal machinery segment due to higher orders from the recovering coal industry[16][17] - Net profit for the company in Q1 2018 was CNY 178,817,607.31, representing a 147.65% increase from CNY 72,204,758.13 in the same period last year, with the coal machinery segment contributing CNY 123,449,455.28, up 70.97% due to improved coal prices[16][19] - Total operating revenue for Q1 2018 reached ¥2,504,653,374.15, a significant increase from ¥857,636,198.77 in the same period last year, representing a growth of approximately 192.3%[33] - Net profit for Q1 2018 was ¥178,817,607.31, compared to ¥72,204,758.13 in Q1 2017, reflecting a growth of approximately 147.0%[34] - Earnings per share for Q1 2018 were ¥0.088, up from ¥0.04 in the same quarter last year, marking a 120% increase[35] Assets and Liabilities - Total assets increased by 5.57% to CNY 20,221,650,630.20 compared to the end of the previous year[7] - Long-term equity investments increased significantly to CNY 4,793,402,149.94, up 883.10% from CNY 487,579,455.79, mainly due to new acquisition projects[17] - Total liabilities stand at ¥8,515,091,261.62, up from ¥7,579,279,761.32 at the beginning of the year[28] - The company's equity attributable to shareholders reached ¥10,946,514,941.37, an increase from ¥10,800,207,561.57[28] - Total assets as of the end of Q1 2018 amounted to ¥14,884,286,200.94, compared to ¥14,605,801,291.25 at the end of the previous year, showing a growth of about 1.9%[31] - Total liabilities increased to ¥4,412,563,320.98 in Q1 2018 from ¥4,198,412,188.02 in the previous year, representing a rise of approximately 5.1%[31] Cash Flow - The net cash flow from operating activities decreased by 82.75% to CNY 86,705,420.54 year-on-year[7] - The cash flow from operating activities generated a net amount of ¥86,705,420.54, a decrease of 82.8% from ¥502,745,728.75 in the previous period[41] - The cash flow from investing activities showed a net outflow of ¥988,961,045.91, an improvement from a net outflow of ¥1,298,271,760.03 in the previous period[41] - The cash flow from financing activities resulted in a net inflow of ¥977,573,945.82, slightly up from ¥973,536,149.28 in the previous period[42] - The cash and cash equivalents at the end of the period amounted to ¥1,958,885,500.33, down from ¥2,845,509,915.68 at the end of the previous period[42] - The net cash flow from investing activities was -90,622,516.42 CNY, a significant decrease from -1,297,514,808.62 CNY in the previous period[45] - The total cash inflow from financing activities amounted to 1,055,833,818.72 CNY, primarily from borrowing 900,000,000.00 CNY[45] - The net cash flow from financing activities was -96,773,151.84 CNY, compared to a positive 974,336,149.28 CNY in the previous period[45] Shareholder Information - The total number of shareholders reached 49,152, with 49,063 being A-share shareholders[11] - The largest shareholder, Henan Machinery Equipment Investment Group Co., Ltd., holds 30.08% of the shares[10] Management and Expenses - The company's management expenses rose to CNY 191,514,961.22, an increase of 143.51% from CNY 78,646,378.64, largely due to increased R&D expenses in the coal machinery segment[16][18] - Financial expenses surged to CNY 71,791,120.25, a dramatic increase of 9262.40% from CNY 766,802.75, primarily due to new loan interest expenses in the coal machinery segment[16][18] Acquisitions and Investments - The company is actively pursuing the acquisition of 100% equity in SEG Automotive Germany GmbH from Robert Bosch Investment Nederland B.V., which is expected to enhance its market position in the automotive parts sector[21] - The base transaction price for the acquisition of 100% equity in SG Holding is €545 million, subject to adjustments based on the agreed price adjustment mechanism[22] - As of January 2, 2018, the buyer holds 100% equity of SG Holding, with the equity transfer completed in January 2018[22] - The company's first quarter report does not consolidate SG Holding's financial statements due to ongoing delivery audit procedures[22]

Financial Performance - The company's operating revenue for 2017 was RMB 7,547,671,228.34, representing a 108.01% increase compared to RMB 3,628,529,680.71 in 2016[21] - The net profit attributable to shareholders of the listed company reached RMB 284,250,827.45, a significant increase of 358.49% from RMB 61,997,356.40 in the previous year[21] - The net cash flow from operating activities was RMB 1,184,773,846.98, up 124.24% from RMB 528,351,079.95 in 2016[21] - The total assets of the company increased by 63.05% to RMB 19,154,587,939.18 at the end of 2017, compared to RMB 11,747,899,208.39 at the end of 2016[22] - The net assets attributable to shareholders of the listed company were RMB 10,800,207,561.57, reflecting an 11.64% increase from RMB 9,674,172,643.58 in 2016[22] - Basic earnings per share increased by 339.47% to CNY 0.167 in 2017 compared to CNY 0.038 in 2016[23] - The company reported a significant increase in basic earnings per share after excluding non-recurring items, reaching CNY 0.227 in 2017[23] - The consolidated net profit for the reporting period was CNY 340,160,373.93, an increase of 303,512,000.58, representing a growth of 828.17% compared to the same period last year[63] - The net profit attributable to the parent company's owners was CNY 284,250,827.45, an increase of CNY 222,253,471.05, representing a growth of 358.49% compared to the same period last year[64] Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling approximately RMB 86,623,568.50, which accounts for 30.47% of the net profit attributable to shareholders[5] - The company has committed to distributing no less than 30% of the average distributable profit over the last three years in cash dividends[5] - The cash dividend for 2017 is set at RMB 0.50 per 10 shares, totaling RMB 86,623,568.50, which represents 30.47% of the net profit attributable to shareholders[107] - The cash dividend for 2016 was RMB 0.11 per 10 shares, amounting to RMB 19,057,185.07, accounting for 30.74% of the net profit attributable to shareholders[107] - The total cash dividends distributed over the last three years have consistently been around 30% of the net profit attributable to shareholders[107] Acquisitions and Investments - The company completed the acquisition of six automotive parts companies in March 2017, expanding its business into the automotive sector[32] - The company completed a significant asset acquisition, with a total transaction value of CNY 220 million, including cash and stock payments[36] - The company plans to acquire 100% equity of six auto parts companies from Yaxin Technology, with a total transaction value of RMB 22 billion, including RMB 5.5 billion in stock and RMB 16.5 billion in cash[87] - The acquisition of SEG Automotive Germany GmbH was completed for a base transaction price of €545 million, with adjustments based on the agreed pricing mechanism[89] - The company completed the acquisition of six automotive parts companies from Yaxin Technology, with the project finalized in March 2017[113] Market Performance - The market share of Chinese brand passenger cars reached 43.9%, an increase of 0.7 percentage points year-on-year, with total sales of 10.847 million units, up 3%[35] - The commercial vehicle production and sales reached 4.209 million and 4.161 million units, respectively, with year-on-year growth rates of 13.8% and 14%[35] - The coal machinery business improved significantly in 2017, benefiting from a recovery in coal prices and demand[33] - The coal machinery segment generated revenue of ¥4,752,140,087.77, a 30.97% increase year-on-year, driven by a recovery in the upstream coal industry[61] - The automotive parts segment contributed ¥2,795,531,140.57 in revenue, marking its first inclusion in the financial results following the acquisition[61] Research and Development - The company has invested in R&D for new products, focusing on fuel economy and emission standards, which aligns with government regulations[45] - The company’s research and development expenditure rose to ¥279,058,304.76, reflecting a 117.7% increase year-on-year[57] - The number of R&D personnel reached 1,022, accounting for 10.47% of the total workforce[76] - Research and development expenses amounted to 279,058,304.76 CNY, representing 3.7% of total operating income[76] Operational Efficiency - The company generated operating cash flow of CNY 502,745,728.75 in 2017, reflecting a strong operational performance[26] - The company maintains a leading position in production capacity and cost advantages in the coal machinery industry, ensuring competitive pricing and efficiency[42] - The company has established a strong market presence in the coal mining machinery sector, with a 30% market share in hydraulic supports and 60% in high-end products[40] - The company has successfully developed international markets, including Russia, India, Turkey, Vietnam, the USA, and Australia, enhancing its strategic partnerships with major coal groups[40] Financial Management - Management expenses for the reporting period amounted to CNY 878,741,610.81, an increase of CNY 494,622,007.58, representing a growth of 128.77% compared to the same period last year[62] - Financial expenses for the reporting period were CNY 135,351,805.75, an increase of CNY 236,674,267.32 compared to the same period last year[62] - The company reported a significant increase in accounts receivable, totaling 2,840,820,055.96 CNY, up 173.61% due to improved customer payment capabilities[81] - The company incurred approximately 230 million CNY in fees related to the cross-border acquisition of the German SEG project, impacting overall profits[79] Corporate Governance - The company has no controlling shareholder or actual controller, indicating a stable ownership structure[178] - The company has established a clear relationship with its major shareholders, ensuring alignment in strategic interests[181] - The board of directors includes newly elected members such as Jiao Chengyao as chairman and Jia Hao as vice chairman[188] - The company is focused on enhancing its governance structure with the election of independent directors and supervisors[188] Environmental Responsibility - The company has established comprehensive pollution prevention measures, ensuring compliance with environmental regulations[155] - The COD emissions from the company's operations were reported at 3.4 tons per annum, meeting local environmental control requirements[156] Employee Management - The company employed a total of 9,760 staff, with 2,400 in the parent company and 7,360 in major subsidiaries[195] - The workforce composition includes 7,499 production personnel, 310 sales personnel, 1,187 technical personnel, 109 financial personnel, and 655 administrative personnel[195] - The company has implemented a salary policy that aligns compensation with job performance, individual contributions, and work experience[196] - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 9.4588 million yuan[191]

Financial Performance - Net profit attributable to shareholders rose by 149.06% to CNY 319.16 million for the first nine months[10] - Operating revenue for the first nine months reached CNY 5.35 billion, a 94.18% increase year-on-year[10] - Basic earnings per share increased by 137.50% to CNY 0.19[10] - Total operating revenue for Q3 2017 reached ¥2,086,996,321.13, a significant increase from ¥986,317,890.90 in Q3 2016, representing a growth of approximately 111.2%[33] - Net profit for Q3 2017 was ¥177,555,834.62, up from ¥86,184,172.63 in Q3 2016, indicating a growth of approximately 106.5%[35] - The company reported a total profit of ¥213,420,649.67 for Q3 2017, compared to ¥102,224,103.96 in Q3 2016, which is an increase of approximately 108.9%[34] - The company’s total comprehensive income for Q3 2017 was ¥228,016,029.34, compared to ¥89,513,052.75 in Q3 2016, reflecting a growth of about 154.0%[35] - The company’s total profit for the first nine months was CNY 105,599,966.13, a decrease of 75.1% from CNY 424,350,982.95 year-on-year[37] Assets and Liabilities - Total assets increased by 43.61% to CNY 16.87 billion compared to the end of the previous year[10] - The balance of notes receivable increased by 99.37% to CNY 2.07 billion compared to the beginning of the year[15] - Total liabilities, including accounts payable, increased by 202.31% to ¥1,110,298,868.04 from ¥367,269,230.09, reflecting the impact of the acquisition of six subsidiaries[11] - Total liabilities reached CNY 5.28 billion, up from CNY 1.99 billion at the beginning of the year, which is an increase of approximately 165.5%[27] - Non-current assets totaled CNY 5.18 billion, up from CNY 2.79 billion at the beginning of the year, indicating a growth of approximately 85.6%[26] - The company reported a significant increase in accounts payable, which rose to CNY 1.67 billion from CNY 1.14 billion, reflecting a growth of about 46.5%[26] Cash Flow - The net cash flow from operating activities increased by 127.76% to CNY 910.27 million[10] - Cash flow from operating activities generated a net amount of CNY 910,267,463.97, compared to CNY 399,653,861.54 in the previous year[39] - Cash inflow from financing activities amounted to ¥1,055,653,818.72, a significant increase from ¥36,053,786.95 year-on-year[43] - Net cash flow from financing activities was positive at ¥469,751,648.37, compared to ¥29,935,610.95 in the previous year, reflecting a growth of 1465.5%[43] - The company’s total cash outflow for operating activities was ¥1,553,098,317.50, slightly down from ¥1,583,245,836.71, showing a decrease of 1.9%[42] Investments and Acquisitions - The company is undergoing a major asset restructuring, with a preliminary transaction price of €545 million for the acquisition of 100% equity in SG Holding[21] - The cash flow from investment activities showed a significant negative change, amounting to -¥1,843,142,725.36, primarily due to increased cash payments for subsidiary acquisitions[27] - Cash outflow from investment activities totaled ¥4,522,592,897.13, significantly higher than ¥1,252,820,291.17 in the same period last year, indicating a rise of 261.5%[43] Shareholder Information - The number of shareholders reached 49,321 by the end of the reporting period[13] - The largest shareholder, Henan Machinery Equipment Investment Group, holds 30.08% of the shares[13] Financial Ratios - The weighted average return on equity improved by 1.73 percentage points to 3.06%[10] - Financial expenses increased significantly, with a reported amount of ¥64,999,565.01, reflecting higher interest expenses[23]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 3,261,292,305.69, representing an increase of 84.46% compared to CNY 1,768,018,359.44 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2017 was CNY 163,030,056.51, a significant increase of 286.16% from CNY 42,217,734.69 in the previous year[19]. - The net cash flow from operating activities reached CNY 754,984,334.50, up 131.90% from CNY 325,560,340.87 in the same period last year[19]. - The basic earnings per share for the first half of 2017 was CNY 0.10, an increase of 233.33% compared to CNY 0.03 in the same period last year[20]. - The weighted average return on equity increased to 1.60%, up from 0.44% in the previous year, marking an increase of 1.16 percentage points[20]. - The company reported a total comprehensive income of CNY 130,526,034.81 for the first half of 2017, compared to CNY 28,704,121.92 in the same period last year, reflecting an increase of about 354.5%[99]. Asset and Liability Management - The total assets of the company at the end of the reporting period were CNY 16,497,305,756.93, reflecting a 40.43% increase from CNY 11,747,899,208.39 at the end of the previous year[19]. - Total liabilities increased to CNY 5,120,199,369.90 from CNY 1,989,369,183.84, showing a growth of about 157.1%[92]. - Total equity rose to CNY 11,377,106,387.03 from CNY 9,758,530,024.55, reflecting an increase of approximately 16.5%[92]. - The total amount of capital contributions from shareholders during the period was CNY 901,416,522.72, indicating active shareholder engagement[113]. Business Expansion and Diversification - The company has entered the automotive parts industry through acquisitions, diversifying its main business into coal machinery and automotive components[22]. - The company completed the acquisition of six subsidiaries in the automotive parts industry, establishing a second main business segment[36]. - The company is actively pursuing the acquisition of Bosch Group's starter and generator business, with a purchase agreement signed on May 2, 2017[36]. - The company has initiated a non-public offering of shares to finance the acquisition of 100% equity in Axle ATL and other subsidiaries, with a total transaction value of CNY 220 million[26]. Market and Industry Trends - The coal machinery industry has seen a recovery in demand due to improved coal prices and profitability, driven by supply-side structural reforms in the coal sector[22]. - In the automotive parts sector, China's automobile production and sales exceeded 13 million units in the first half of 2017, with a year-on-year growth of approximately 4%[23]. - The coal mining industry saw a total output of 1.71 billion tons in the first half of 2017, an increase of 8.155 million tons or 5% year-on-year[33]. Financial Strategies and Governance - The company is actively managing its financial resources, including the use of idle funds for investment in financial products[51]. - The company is set to appoint external auditors for the 2017 fiscal year as part of its governance practices[59]. - The company is in the process of significant asset restructuring, ensuring that all provided information is accurate and compliant with legal standards[61]. - The company committed to avoiding and minimizing related party transactions post-restructuring, ensuring compliance with market principles and legal regulations[60]. Shareholder and Equity Management - The total number of shares increased from 1,621,122,000 to 1,732,471,370, reflecting a change of 111,349,370 shares, which is approximately a 6.43% increase in the total share count[72]. - The company issued 93,220,338 new shares to Yaxin Ke (China) Investment Co., Ltd. as part of a non-public offering, which was completed on March 9, 2017[73]. - The company has a total of 93,220,338 limited shares held by Yaxin Ke (China) Investment Co., Ltd., which are subject to a lock-up period[75]. - The company has a total of 6,111,751 shares held by the first employee stock ownership plan, which will be tradable starting from March 22, 2020[81]. Accounting Policies and Compliance - The company's accounting policies are aligned with the standards set by the Ministry of Finance, ensuring compliance with relevant regulations[122]. - The company follows accounting standards that ensure financial statements accurately reflect its financial position and performance[125]. - The company recognizes income and expenses from subsidiaries acquired under non-common control from the purchase date[134]. - The company assesses financial assets for impairment at the balance sheet date, recognizing impairment losses if there is objective evidence of impairment[150].