Financial Performance - Zhengzhou Coal Mining Machinery Group reported a significant increase in revenue, achieving a total of RMB 1.2 billion for the first half of 2023, representing a year-on-year growth of 15%[12]. - Zhengzhou Coal Mining Machinery Group's net profit for the first half of 2023 was RMB 300 million, a 10% increase compared to the same period last year[12]. - In the first half of 2023, the company achieved total operating revenue of RMB 18,223 million, an increase of 17.28% year-on-year[14]. - Profit attributable to owners of the company was RMB 1,706 million, representing a year-on-year increase of 16.50%[14]. - The Group's gross profit for the period was RMB 4,001.88 million, compared to RMB 3,319.06 million in the same period last year[51]. - Profit before tax increased by 24.01% from RMB 1,782.72 million for the six months ended June 30, 2022, to RMB 2,210.83 million for the six months ended June 30, 2023[56]. - Profit for the period increased by 20.87% from RMB 1,519.09 million for the six months ended June 30, 2022, to RMB 1,836.17 million for the six months ended June 30, 2023[56]. - Total comprehensive income for the period attributable to owners of the Company was RMB 1,781.18 million, compared to RMB 1,771.83 million in the previous year[55]. Market Position and Strategy - The company maintained its position as the largest hydraulic roof support manufacturer in China, with a market share of approximately 30%[8]. - The company plans to expand its market presence in Southeast Asia, targeting a revenue increase of 25% from this region by 2025[12]. - The order amount for the coal mining machinery segment increased by 45%, while the repayment amount rose by 33%, both hitting record highs[16]. - The total industrial output value and total production of the coal mining machinery segment increased by 38% and 43% year-on-year, respectively, both reaching record highs[21]. - The company is actively pursuing strategic acquisitions to enhance its product offerings and market reach, with a budget of RMB 500 million allocated for potential mergers and acquisitions in 2023[12]. Research and Development - Research and development expenses increased by 20% to RMB 150 million, reflecting the company's commitment to innovation and new product development[12]. - The company has launched a new line of eco-friendly mining equipment, which is expected to contribute an additional RMB 200 million in revenue by the end of 2024[12]. - The company has made new progress in the research of integrated mining equipment for very thin coal seams and large inclination intelligent complete sets of equipment[20]. - ASIMCO is focusing on the development of new energy vibration and noise reduction markets, advancing R&D for air suspension products[41]. Financial Management and Investments - The Group's borrowing balances as of June 30, 2023, stood at RMB 8,657.03 million[48][52]. - The Group's net current assets as of June 30, 2023, were approximately RMB 17,356.91 million, an increase from RMB 14,613.54 million as of December 31, 2022[71]. - The current ratio improved to 1.92 as of June 30, 2023, compared to 1.75 at December 31, 2022, primarily due to a decrease in current borrowings[72]. - The Group's financial risk factors include monitoring bank borrowings to ensure compliance with loan covenants[158]. - The Group's liquidity risk management includes maintaining adequate cash and cash equivalents to finance operations and mitigate cash flow fluctuations[158]. Shareholder Information - As of June 30, 2023, the company had a total of 58 A Share shareholders and 34,222 H Share shareholders[92]. - Henan Asset Management Co., Ltd. held 346,404,576 A Shares, representing approximately 22.51% of the relevant class of shares and 19.44% of the total number of shares[94]. - The Board did not propose any interim dividend for the six months ended June 30, 2023[101]. - A total of 42,300,000 A shares were issued at RMB 5.88 per share under the restricted share incentive scheme, raising RMB 248,724,000 from participants[102]. Operational Efficiency - The first native digital factory in the industry became fully operational, increasing production efficiency by more than 200% compared to traditional methods and reducing manufacturing costs by 60% (excluding raw materials)[21]. - The company is focusing on digital transformation and intelligent manufacturing to enhance production capacity and efficiency[21]. - The company aims to enhance digital transformation to improve customer experience and business efficiency[29]. Cash Flow and Financial Position - Net cash inflow from operating activities was RMB 1,853.65 million for the six months ended June 30, 2023[59]. - Net cash outflow from investing activities was RMB 1,693.59 million for the six months ended June 30, 2023[62]. - Cash and cash equivalents stood at RMB 3,711,344, compared to RMB 3,613,443 at the end of 2022, showing an increase of approximately 2.7%[132]. - The company reported a significant decrease in other financial assets, with principal guaranteed and non-guaranteed financial products dropping to RMB 19,189,000 from RMB 570,817,000[174]. Risk Management - The company monitors foreign exchange exposure primarily related to USD/RMB, EUR/RMB, and HKD/RMB[74]. - The company does not currently have a specific policy to manage interest rate risk but will consider hedging significant exposures if necessary[74]. - The company has policies in place to ensure sales are made to reputable and creditworthy customers, with appropriate financial strength and credit history[73]. Corporate Governance - The company experienced changes in its board, including the resignation of a non-executive director effective August 10, 2023[76]. - As of June 30, 2023, the company had appointed four independent non-executive directors[88]. - As of June 30, 2023, none of the directors, supervisors, or chief executives had any short positions in the shares or debentures of the company[87].

Company Overview - Zhengzhou Coal Mining Machinery Group reported its interim results for the six months ended June 30, 2023[1]. - The company is the largest hydraulic roof support manufacturer in China, focusing on coal mining and excavating equipment[3]. - The company was incorporated on December 28, 2008, and its A shares were listed on the Shanghai Stock Exchange on August 3, 2010[2]. - The H shares were listed on the Stock Exchange of Hong Kong Limited on December 5, 2012[2]. - The company is engaged in the manufacturing and sales of auto parts through its subsidiaries[3]. Financial Performance - In the first half of 2023, the company achieved total operating revenue of RMB 18,223 million, representing an increase of 17.28% year-on-year[9]. - Profit attributable to owners of the company was RMB 1,706 million, reflecting a growth of 16.50% compared to the same period last year[9]. - For the six months ended June 30, 2023, the Group achieved sales revenue of RMB 18,222.91 million, representing an increase of 17.28% from the corresponding period of last year[43]. - Profit before tax increased by 24.01% from RMB 1,782.72 million for the six months ended 30 June 2022 to RMB 2,210.83 million for the six months ended 30 June 2023[50]. - Profit for the period increased by 20.87% from RMB 1,519.09 million for the six months ended 30 June 2022 to RMB 1,836.17 million for the six months ended 30 June 2023[50]. - The gross profit for the six months ended June 30, 2023, was RMB 4,001.88 million, with a gross profit margin reflecting the Group's operational efficiency[48]. Segment Performance - The order and repayment amount in the coal mining machinery segment increased by 45% and 33% respectively, both hitting record highs[11]. - The total industrial output value and total production of the coal mining machinery segment increased by 38% and 43% year-on-year, respectively, both reaching record highs[16]. - Revenue from the manufacture of coal mining machinery totaled RMB 9,390,233,000 for the six months ended June 30, 2023, with total revenue reaching RMB 18,222,912,000[168]. - Revenue from the manufacture of auto parts was RMB 8,832,679[173]. - The automotive industry saw a year-on-year increase in production and sales of 9.3% and 9.8% respectively, with the company's auto parts segment achieving above-average operating results compared to the wider industry[19]. Research and Development - The company has a strong research and development capability, which is key to maintaining its market leadership[3]. - The company has made new progress in the research of integrated mining equipment for very thin coal seams and large inclination intelligent complete sets of equipment[15]. - The company is actively pushing forward the development of non-coal business, intelligent mines, and new product segments[15]. - ASIMCO is focusing on R&D and technology to enhance core competitiveness and is expanding production capacity in new factories to improve efficiency[20]. - SEG has increased investment in new energy R&D, achieving mass production of high-voltage relay products and making significant progress in the development of new energy high-voltage drive systems[23]. Digital Transformation and Innovation - The company has strengthened its digital transformation efforts, optimizing production organization and enhancing capacity[16]. - The first native digital factory in the industry became fully operational, increasing production efficiency by more than 200% compared to traditional methods and reducing manufacturing costs by 60% (excluding raw materials)[16]. - The company plans to continue promoting digital transformation to empower high-quality corporate development[24]. Shareholder Information - As of June 30, 2023, the company had a total of 34,222 shareholders, comprising 34,164 holders of A shares and 58 holders of H shares[81]. - The substantial shareholder Henan Asset Management Co., Ltd. held 346,404,576 A shares, representing approximately 22.51% of the relevant class of shares and 19.44% of the total number of shares[83]. - The Board did not propose the payment of an interim dividend for the six months ended June 30, 2023[90]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were RMB 3,711.34 million, up from RMB 2,726.09 million at the end of the previous period[52]. - Net cash from operating activities was RMB 1,853.65 million for the six months ended June 30, 2023, compared to a net cash outflow of RMB 147.81 million for the same period in 2022[52]. - The Group's borrowing balances as of June 30, 2023, stood at RMB 8,657.03 million[43]. - The company generally receives advances from customers in the form of notes receivable or cash, approximating 30% of the contract price, before product delivery[67]. Risk Management - The company monitors foreign exchange exposure, primarily with respect to USD/RMB, EUR/RMB, and HKD/RMB[69]. - The company does not have a specific policy to manage interest rate risk but will consider hedging significant exposures if necessary[68]. - The company has policies to ensure sales are made to reputable and creditworthy customers, with appropriate financial strength and credit history[67]. Corporate Governance - The company has experienced changes in its board, including the passing of executive director Mr. Xiang Jiayu and the resignation of non-executive director Mr. Fei Guangsheng[70]. - The Company has complied with the Corporate Governance Code throughout the review period[98]. - There were no material litigations or arbitrations involving the Company during the review period[104]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance its product offerings[171]. - The overall financial health of the company remains strong, with a solid foundation for future growth and strategic initiatives in the upcoming quarters[136].

Financial Performance - The company's operating revenue for the first half of 2023 was ¥18,210,984,428.08, representing a 17.27% increase compared to ¥15,529,385,685.94 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥1,681,283,222.07, up 14.80% from ¥1,464,553,074.29 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,498,700,230.39, reflecting a significant increase of 28.91% compared to ¥1,162,625,115.16 in the same period last year[16]. - The net cash flow from operating activities reached ¥1,633,126,551.85, which is a remarkable increase of 131.74% from ¥704,724,989.90 in the previous year[16]. - As of the end of the reporting period, the net assets attributable to shareholders of the listed company were ¥18,724,959,468.15, a 5.15% increase from ¥17,807,266,977.66 at the end of the previous year[16]. - The total assets of the company amounted to ¥47,700,274,994.94, which is a 7.67% increase compared to ¥44,301,175,578.57 at the end of the previous year[16]. - Basic earnings per share increased by 13.4% to CNY 0.956 compared to the same period last year[18]. - Diluted earnings per share rose by 13.3% to CNY 0.954 year-on-year[18]. - The weighted average return on equity decreased by 0.36 percentage points to 8.97%[18]. - The net profit for the first half of 2023 increased by 28,886.59 million RMB, a growth rate of 19.02% compared to the previous year[45]. Operational Highlights - The company reported a 4.4% year-on-year increase in raw coal production to 2.3 billion tons in the first half of 2023[23]. - Coal imports surged by 93.0% year-on-year to 220 million tons during the same period[23]. - The coal machinery segment saw a record high in key indicators, with order intake and cash collection increasing by 45% and 33% year-on-year, respectively[30]. - The industrial output value and total production of the coal machinery segment grew by 38% and 43% year-on-year, respectively, both reaching historical highs[32]. - The automotive parts segment's sales revenue increased by 25% year-on-year, with revenue from new energy vehicle components exceeding 200 million RMB, showing a growth rate of over 100%[34]. Strategic Focus and Development - The company is focusing on the development of intelligent mining equipment and systems to meet increasing market demand[22]. - The company aims to integrate AI, industrial internet, and big data into coal mining operations for enhanced efficiency and safety[23]. - The company’s subsidiary, Hengda Zhikong, specializes in the R&D of intelligent mining control systems, contributing to the overall growth strategy[21]. - The company plans to continue its digital transformation and enhance new growth drivers, focusing on global IT architecture and digital factory construction[36]. - The company aims to explore new fields and develop new businesses in the context of the "dual carbon" strategy, particularly in new energy and high-tech equipment[38]. - The company is committed to enhancing its core business advantages and expanding its market share in the automotive parts sector, particularly in new energy businesses[40]. Environmental Compliance and Initiatives - The company reported that all pollution sources are equipped with treatment facilities, achieving 100% compliance in pollutant discharge standards[65]. - The company has achieved 100% compliance in the disposal of general solid waste and hazardous waste, with proper storage and management systems in place[70]. - The company has implemented a comprehensive environmental emergency response plan to manage potential pollution incidents effectively[76]. - The company has been recognized as an "environmental integrity enterprise" by the environmental authorities[73]. - The company continues to invest significantly in energy conservation and emission reduction, focusing on resource recycling to enhance efficiency[83]. Governance and Compliance - The company does not plan to distribute profits or increase capital reserves through stock conversion for the first half of 2023[5]. - There are no significant non-operating fund occupations by controlling shareholders or related parties reported[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company has implemented a stock incentive plan, with the second unlocking of restricted stock conditions achieved in June 2023[63]. - The company has confirmed that all provided information is true, accurate, and complete, with no significant omissions[96]. Financial Management and Investments - The company has implemented measures to prevent competition with its subsidiaries, ensuring business operations do not overlap[86]. - The company has established long-term relationships with suppliers to mitigate raw material price volatility risks[55]. - The company plans to enhance R&D efforts and invest in technology innovation to develop new products and improve operational efficiency[55]. - The company has committed to ongoing research and development of new technologies and products to enhance its competitive edge in the market[150]. - The company has completed the capital increase for Yaxin Technology as of the report date[102]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 34,222[116]. - The top ten shareholders hold a total of 1,000,000,000 shares, representing approximately 55.55% of the total share capital[117]. - The largest shareholder, Hongyi Investment Management (Henan) Partnership, holds 277,195,419 shares, accounting for 15.55% of the total shares[117]. - The company has not identified any related party transactions among the top ten shareholders[120]. Future Outlook - The company plans to spin off its subsidiary Zhengzhou Hengda Intelligent Control Technology Co., Ltd. for a listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board[107]. - The company is planning to spin off its subsidiary, Hengda Zhikong, for listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board[95]. - The company has a strategic plan in place for future market expansion and product development, although specific figures were not disclosed in the report[120].

郑州煤矿机械集团股份有限公司 Zhengzhou Coal Mining Machinery Group Co., Ltd. 证券代码：601717 证券简称：郑煤机 公告编号：临 2023-056 同意公司按中国境内相关法律法规及中国企业会计准则等要求编制的公司 2023 年半年度报告全文及摘要（A 股）。 同意公司按《香港联合交易所有限公司证券上市规则》及国际财务报告准 则等要求编制的公司 2023 年中期报告及业绩公告（H 股）。 郑州煤矿机械集团股份有限公司 第五届董事会第三十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 一、董事会会议召开情况 郑州煤矿机械集团股份有限公司（简称"公司"）第五届董事会第三十次会 议于北京时间 2023 年 8 月 28 日在公司会议室以现场和通讯结合形式召开。会 议应出席董事 9 名，实际出席董事 9 名，其中董事焦承尧、贾浩、付祖冈现场 出席会议，董事崔凯、王新莹、程惊雷、季丰、郭文氢、方远以通讯方式出席 会议并表决。公司部分监事和高级管理人员列席了会议。会议由公司 ...

一、关于补选非独立董事的情况 鉴于费广胜先生已辞去公司第五届董事会非独立董事职务，根据公司股东 泓羿投资管理（河南）合伙企业（有限合伙）推荐，并经公司董事会提名委员 会资格审核通过，公司董事会同意提名岳泰宇先生为公司第五届董事会非独立 董事候选人，其任期自公司股东大会审议通过之日起，至本届董事会任期届满 为止。岳泰宇先生不在公司领取薪酬，其简历详见附件。 郑州煤矿机械集团股份有限公司 Zhengzhou Coal Mining Machinery Group Co., Ltd. 证券代码：601717 证券简称：郑煤机 公告编号：临 2023-055 郑州煤矿机械集团股份有限公司 关于补选非独立董事及调整董事会专门委员会委员的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 郑州煤矿机械集团股份有限公司（以下简称"公司"）于 2023 年 8 月 22 日 召开第五届董事会第二十九次会议，审议通过了《关于补选非独立董事的议案》 《关于调整第五届董事会专门委员会委员的议案》，现将相关情况公告如下： 公司独立董事对前述事项发表 ...

本次分拆上市的内幕信息知情人自查期间为本次分拆上市首次作出决议前 六个月至《郑州煤矿机械集团股份有限公司关于分拆所属子公司郑州恒达智控科 技股份有限公司至科创板上市的预案（修订稿）》披露前一日（即 2022 年 8 月 1 日至 2023 年 7 月 31 日期间，以下简称"自查期间"）。 二、本次分拆上市的内幕信息知情人核查范围 本次分拆上市的内幕信息知情人核查范围包括： 1、上市公司现任董事、监事、高级管理人员及相关知情人员； 2、上市公司控股股东及其现任董事、监事、高级管理人员及相关知情人员； 中信建投证券股份有限公司关于 郑州煤矿机械集团股份有限公司分拆所属子公司 郑州恒达智控科技股份有限公司至科创板上市事宜 相关内幕信息知情人买卖股票情况的自查报告之 专项核查意见 根据《上市公司分拆规则（试行）》《上市公司重大资产重组管理办法》《公 开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资产重组》 《上市公司监管指引第 5 号——上市公司内幕信息知情人登记管理制度》等法 律、法规和规范性文件的要求，中信建投证券股份有限公司（以下简称"中信建 投"、"独立财务顾问"）作为郑州煤矿机械集团股 ...

郑州煤矿机械集团股份有限公司 Zhengzhou Coal Mining Machinery Group Co., Ltd. 证券代码：601717 证券简称：郑煤机 公告编号：临 2023-050 郑州煤矿机械集团股份有限公司 关于非独立董事辞职的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 郑州煤矿机械集团股份有限公司（以下简称"公司"）董事会于 2023 年 8 月 10 日收到公司非独立董事费广胜先生提交的辞职报告，费广胜先生因需要投 入更多时间处理其他事务，申请辞去公司第五届董事会非独立董事职务及公司 董事会战略与可持续发展委员会委员职务，辞职后不在公司担任任何职务。 费广胜先生的辞职不会导致公司董事会人数低于法定最低人数要求，不会 影响公司董事会的正常运作。费广胜先生的辞职自辞职报告送达公司董事会之 日起生效。 费广胜先生已确认与公司董事会并无任何意见分歧，且并无任何需通知公 司股东或债权人的事项。 公司及董事会对费广胜先生在担任董事期间为公司及董事会做出的贡献表 示衷心感谢！ 特此公告。 郑州煤矿机械集团 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 9,210,943,721, representing a 13.83% increase compared to CNY 8,091,657,739.95 in the same period last year[4]. - Net profit attributable to shareholders for Q1 2023 was CNY 783,069,945.71, up 14.86% from CNY 681,747,340.35 in Q1 2022[4]. - The net profit after deducting non-recurring gains and losses was CNY 658,875,020.44, reflecting a 15.96% increase from CNY 568,195,700.96 year-over-year[4]. - In Q1 2023, the total revenue increased by 111,958.25 million RMB, a growth of 13.83% compared to the same period last year[10]. - The net profit for Q1 2023 increased by 15,521.49 million RMB, a 21.84% rise year-over-year, largely attributed to the growth in the coal machinery segment[10]. - The net profit attributable to the parent company increased by 10,132.26 million RMB, reflecting a 14.86% increase, driven by the coal machinery segment's performance[10]. - The company recorded a net profit of CNY 86,604.79 million for the total business segments, which is a 21.84% increase compared to CNY 71,083.30 million in Q1 2022[9]. - The net profit for Q1 2023 was approximately ¥866.05 million, an increase of 21.8% compared to ¥710.83 million in Q1 2022[20]. Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 46,227,262,763.40, a 4.35% increase from CNY 44,301,175,578.57 at the end of the previous year[5]. - Total assets as of Q1 2023 amounted to ¥46,227,262,763.40, compared to ¥44,301,175,578.57 in Q1 2022, indicating a growth of 4.3%[18]. - Total liabilities increased to ¥26,661,233,784.30 in Q1 2023 from ¥25,662,894,369.86 in Q1 2022, representing a rise of 3.9%[17]. - The company reported a total equity of ¥19,566,028,979.10 in Q1 2023, compared to ¥18,638,281,208.71 in Q1 2022, showing an increase of 5%[18]. - The total equity increased to ¥18,596,389,422.80 in Q1 2023, compared to ¥18,095,415,335.05 in Q1 2022, reflecting a growth of 2.8%[25]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 422,138,838.11, a significant decline compared to a net inflow of CNY 312,070,297.46 in Q1 2022, marking a change of -235.27%[4]. - Cash inflow from operating activities for Q1 2023 was approximately $4.25 billion, a significant increase from $2.14 billion in Q1 2022, representing a growth of 98%[29]. - Net cash flow from operating activities was $258.83 million, compared to $209.01 million in the same period last year, showing an increase of 23.7%[29]. - Cash inflow from financing activities was approximately $1.72 billion, with a net cash flow of $586.07 million, compared to a negative cash flow of -$502.08 million in Q1 2022[29]. - The ending cash and cash equivalents balance increased to approximately $2.29 billion, up from $1.51 billion at the end of Q1 2022, reflecting a growth of 52.1%[30]. Segment Performance - The coal machinery segment reported an operating income of CNY 479,197.31 million, a 20.74% increase from CNY 396,896.55 million in the previous year[9]. - The coal machinery segment's revenue rose by 82,300.76 million RMB, a 20.74% increase year-over-year, driven by sustained demand in the coal industry[10]. - Investment income in Q1 2023 increased by 2,307.36 million RMB, marking an 80.39% growth, primarily due to higher returns from financial products in the coal machinery segment[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 33,237, with the top ten shareholders holding a combined 56.67% of the shares[11]. - The largest shareholder, Hongyi Investment Management (Henan) Partnership, holds 277,195,419 shares, representing 15.55% of the total shares[11]. Research and Development - Research and development expenses for Q1 2023 were ¥422,024,480.99, slightly up from ¥408,748,005.74 in Q1 2022, indicating a focus on innovation[19]. - Research and development expenses for Q1 2023 were ¥123,084,269.95, a decrease of 13.4% from ¥142,185,786.73 in Q1 2022[26]. Strategic Moves - The company plans to spin off its subsidiary, Zhengzhou Hengda Intelligent Control Technology Co., Ltd., for a listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board[13].

Financial Performance - The company's revenue for Q1 2023 reached RMB 9,210,943,721, representing a 13.83% increase compared to RMB 8,091,657,739 in the same period last year[5]. - Net profit attributable to shareholders was RMB 783,069,946, up 14.86% from RMB 681,747,340 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was RMB 658,875,020, reflecting a 15.96% increase from RMB 568,195,701 in the prior year[5]. - The total operating revenue for Q1 2023 increased by 13.83% year-on-year, reaching RMB 921,637.83 million, driven by a 20.74% increase in the coal machinery segment and a 7.18% increase in the automotive parts segment[11]. - Net profit for Q1 2023 increased by 21.84% year-on-year to RMB 86,604.79 million, largely due to a 32.79% increase in net profit from the coal machinery segment[11]. - The net profit attributable to the parent company's shareholders for Q1 2023 increased by 14.86% year-on-year to RMB 78,306.99 million, driven by growth in the coal machinery segment[11]. - Total operating revenue for Q1 2023 reached ¥9,216,378,294.52, a 13.8% increase from ¥8,096,795,783.14 in Q1 2022[20]. - Net profit for Q1 2023 was ¥866,047,934.05, up 21.8% from ¥710,833,040.45 in Q1 2022[21]. - Operating profit for Q1 2023 was ¥1,032,361,716.99, an increase of 19.1% compared to ¥866,787,830.75 in Q1 2022[21]. - Total revenue from sales of goods and services in Q1 2023 was $2,882,787,710.41, compared to $1,982,493,593.68 in Q1 2022, marking a growth of about 45%[30]. Assets and Liabilities - The company's total assets as of March 31, 2023, were RMB 46,227,262,763, a 4.35% increase from RMB 44,301,175,579 at the end of the previous year[6]. - Total current assets increased to CNY 34,389,182,406.73 from CNY 33,401,112,587.09, representing a growth of approximately 2.95%[16]. - Total liabilities increased to CNY 26,661,233,784.30 from CNY 25,662,894,369.86, reflecting a growth of approximately 3.90%[18]. - The company's total assets reached CNY 46,227,262,763.40, up from CNY 44,301,175,578.57, indicating an increase of about 4.35%[19]. - The company's total liabilities increased to ¥16,815,481,279.95 in Q1 2023 from ¥15,243,498,592.92 in Q1 2022[26]. Shareholder Information - The company had a total of 33,237 shareholders at the end of the reporting period, with the top ten shareholders holding a combined 66.75% of the shares[12]. - The largest shareholder, Hongyi Investment Management (Henan) Partnership, held 15.55% of the shares, followed by Henan Machinery Equipment Investment Group with 13.67%[12]. Cash Flow - The net cash flow from operating activities was negative at RMB -422,138,838, a significant decrease of 235.27% compared to RMB 312,070,297 in the same period last year[5]. - Cash flow from operating activities in Q1 2023 was $258,831,439.50, compared to $209,012,840.28 in Q1 2022, showing an increase of about 23%[30]. - Cash flow from investing activities in Q1 2023 was -$786,636,411.51, worsening from -$208,203,345.62 in Q1 2022[30]. - Cash flow from financing activities in Q1 2023 was $586,072,119.06, compared to -$502,075,422.67 in Q1 2022, indicating a significant improvement[30]. Segment Performance - The coal machinery segment's operating revenue for Q1 2023 was RMB 479,197.31 million, up 20.74% from the previous year, reflecting strong demand in the coal industry[11]. - The automotive parts segment's total revenue for Q1 2023 was RMB 442,440.52 million, an increase of 7.18%, with SEG achieving RMB 322,620.97 million, up 9.82% year-on-year[11]. Investment and R&D - Investment income for Q1 2023 rose by 80.39% year-on-year to RMB 5,177.61 million, primarily due to increased returns from financial products in the coal machinery segment[11]. - Research and development expenses for Q1 2023 totaled ¥422,024,480.99, slightly up from ¥408,748,005.74 in Q1 2022[20]. - The company is actively involved in financial product investments, which have significantly contributed to its income growth in the coal machinery segment[11]. Future Plans - The company plans to spin off its subsidiary Zhengzhou Hengda Intelligent Control Technology Co., Ltd. for listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, maintaining control over it post-separation[14].

Company Overview - Zhengzhou Coal Mining Machinery Group Company Limited is the largest hydraulic roof support manufacturer in China, focusing on coal mining and excavating equipment[3]. - The company was incorporated on December 28, 2008, and its A shares were listed on the Shanghai Stock Exchange on August 3, 2010, while H shares were listed on December 5, 2012[2]. - The company has a strong research and development capability, which is key to maintaining its leading position in the market[3]. - The company operates through subsidiaries engaged in the manufacturing and sale of auto parts, contributing to its diversified revenue streams[3]. - The company has established an extensive sales and service network, enhancing its market reach and customer service capabilities[3]. Financial Performance - The consolidated statement of profit or loss and other comprehensive income is detailed in the annual report, highlighting the company's financial performance[5]. - The report includes a five-year financial highlights section, providing insights into the company's financial trends and performance metrics[5]. - In 2022, the Group's revenue was RMB 32,043.31 million, representing a year-on-year increase of 9.39%[10]. - Profit for the year attributable to shareholders was RMB 2,538.24 million, reflecting a year-on-year increase of 30.31%[10]. - The gross profit for the year was RMB 6,398.71 million, with a gross profit margin improvement noted[103]. Strategic Goals and Market Outlook - The Company has set an aggressive strategic goal of achieving RMB 50 billion in revenue within 5 years[13]. - The management discussion and analysis section provides insights into the company's strategic direction and market outlook[5]. - The company aims to provide high-reliability, intelligent, and green equipment to meet customer needs and contribute to national energy security amid increasing competition in the coal mining machinery industry[54]. - The coal mining machinery industry is expected to experience rapid development in the next five years, characterized by intelligence and internationalization[62]. - The Company aims to achieve a development goal of "50 billion in 5 years" while focusing on high-end intelligent equipment manufacturing and digital transformation[61]. Digital Transformation and Innovation - The intelligent industrial park has been officially put into operation, enhancing the Company's digital transformation capabilities[22]. - The digital transformation efforts aim to integrate information technology with business processes to drive overall business transformation[21]. - The Company has developed a pre-sales, in-sales, and after-sales digitalization system for complete-set projects[27]. - The Company is focusing on digital transformation over the next 5-10 years to enhance labor efficiency and reduce energy consumption and emissions[77]. - The Company aims to establish a digital enterprise through interconnection and collaborative sharing across multiple segments and businesses[77]. New Energy and Market Expansion - The Group successfully entered high-end markets in the U.S., with total bidding and direct order amounts exceeding RMB 1 billion, marking a record high[32]. - ASIMCO's export business revenue reached RMB 590 million, representing a year-on-year increase of 34%[38]. - Revenue from ASIMCO's new energy business was approximately RMB 190 million, reflecting a year-on-year increase of about 130%[38]. - The sales volume of new energy vehicles is expected to account for approximately 20% of total sales by 2025, driving high-quality development in the new energy automobile industry[56]. - The market for new energy vehicles is expected to grow significantly, with hybrid electric vehicles projected to account for over 50% of traditional energy passenger vehicles by 2025[56]. Corporate Governance - The Company is committed to maintaining high standards of corporate governance through independent directors and supervisors[168]. - The Company has a strong board of directors with diverse backgrounds in law, finance, and engineering, enhancing governance and strategic decision-making[166]. - The Board consists of eleven Directors, including five executive Directors, two non-executive Directors, and four independent non-executive Directors, with independent Directors accounting for one-third or more of the Board[195][197]. - The Company has established mechanisms to ensure independent views and opinions of Directors are communicated effectively to the Board[200]. - The Board reviews the effectiveness of its governance mechanisms annually to ensure compliance and proper functioning[200]. Risk Management and Compliance - The Company emphasizes the importance of compliance and risk management, as reflected in the qualifications of its supervisory board members[169]. - The Group is exposed to foreign exchange risk, particularly with USD/RMB, EUR/RMB, and HKD/RMB, and management monitors this exposure closely[142]. - The Group has policies to ensure sales are made to reputable customers, with monitoring procedures in place for overdue debts[140]. - The expected credit loss rates are determined based on historical credit losses from the past 1 to 5 years, adjusted for current macroeconomic factors[140]. - The Company has a code of conduct and compliance manual applicable to employees and directors, which is regularly reviewed[189].