| --- | --- | --- | --- | --- | --- | |--------------------------------------------------------|--------------------------------|----------------------------------|-----------------------|-------------------|-----------------------| | 於二零二三年六月三十日 | 工業齒輪 \n傳動設備 人民幣千元 | 交通齒輪 \n傳動設備 人民幣千元 | 貿易業務 人民幣千元 | 其他 人民幣千元 | 總計 人民幣千元 | | 止六個月（未經審核） 分部資產 企業及其他未分配資產 | 22,969,841 | 451,394 | 4,341,628 | 1,347,634 | 29,110,497 14,124,859 | | 資產總值 | | | | | 43,235,356 | | 分部負債 企業及其他未分配負債 | 14,169,333 | 119,345 | 211,585 | 351 ...

江先生現為南京師範大學會計及財務管理學系教授、南京師範大學會計與財務發展研究中心主任。 25 2022 年度報告 中國高速傳動設備集團有限公司 26 陳博士目前為KBR Fund Management Limited（於本年報日期，為可從事證券及期貨條例項下第4類（就證券提供意見） 及第9類（提供資產管理）受規管活動的持牌法團）的董事總經理及負責人員。 Nathan Yu Li先生，51歲，本公司獨立非執行董事、審核委員會成員及提名委員會成員，於二零一六年十二月一日加 入本公司為獨立非執行董事。理科碩士及工商管理碩士。 自一九九五年八月至二零零一年五月，Li先生擔任Brooks Automation Inc. 高級軟件工程師，主要負責帶領軟件團隊進 行半導體製造機器人設計。自二零零一年六月至二零零六年三月，Li先生先後擔任Axsun Technologies Inc. 首席軟件 工程師，研發經理及高級技術市場經理，開發了光通信設備和近紅外激光源產品系列。自二零零六年三月至二零一零 年八月，Li先生擔任Copley Controls Corporation營銷總監及其母公司Analogic Corporatio ...

18 本集團的定息借貸載列如下： | --- | |------------| | | | | | | | | | 二零二一年 | | 人民幣千元 | 定息貸款 4,762,412 3,998,099 於二零二二年十二月三十一日，本集團以人民幣以外之貨幣計值的借貸為2,500,000美 元（二零二一年：2,500,000美元）（相當於人民幣17,412,000元（二零二一年：人民幣 15,939,000元））。 有抵押借貸以資產質押作抵押，詳情載於附註16。此外，於二零二二年十二月三十一日， 有抵押非流動銀行貸款以本集團於南高齒（淮安）高速齒輪製造有限公司的100%股權作抵 押。 14. 或然負債 財務擔保 於二零二二年十二月三十一日，本集團就一間聯營公司獲授的銀行貸款人民幣40,020,000 元（二零二一年：一間聯營公司及一名獨立第三方分別獲授人民幣220,796,000元及人民幣 3,000,000元）向銀行出具財務擔保。該金額指本集團於擔保被撤回時可能被要求悉數償付 之結餘。於報告期末，人民幣3,417,000元（二零二一年：人民幣6,359,000元）已於綜合財 務狀況表確認為負債。 15. 資本承 ...

Financial Performance - For the six months ended June 30, 2022, the company reported customer contract revenue of approximately RMB 9,685,586,000, a decrease of 8.6% compared to RMB 10,601,507,000 for the same period in 2021[4]. - Gross profit for the same period was RMB 1,353,556,000, reflecting a decline of 25.1% from RMB 1,805,980,000 in the previous year, resulting in a gross margin of approximately 14.0%[4][5]. - The company recorded a loss attributable to owners of RMB 78,708,000, compared to a profit of RMB 722,802,000 in the prior year, with basic loss per share of RMB 0.048[4][5]. - The overall gross profit margin for the period was approximately 14.0%, a decrease of 3.0 percentage points from the previous year[28]. - The total gross profit for the period was approximately RMB 1,353,556,000, down 25.1% compared to the same period last year[28]. - Net profit for the period was RMB 113,836,000, significantly lower than RMB 760,818,000 in the prior year, representing a decrease of 85%[78]. - Basic and diluted earnings per share were RMB (0.048), compared to RMB 0.442 in the same period last year[77]. Revenue Breakdown - Revenue from wind power gear transmission equipment decreased by 12.2% to approximately RMB 5,435,953,000, down from RMB 6,192,952,000 in the same period last year[6]. - Revenue from industrial gear transmission equipment was approximately RMB 1,002,979,000, a decline of 2.1% from RMB 1,024,560,000 in the previous year[9]. - The sales revenue from the rail transit gear transmission equipment business was approximately RMB 183,841,000, a decrease of 9.3% compared to RMB 202,746,000 in the same period last year[10]. - The trade business generated sales revenue of approximately RMB 3,044,189,000, down 3.4% from RMB 3,149,579,000 in the same period last year[11]. - Total revenue for the wind power and industrial gear transmission segment reached RMB 6,443,659,000, while the rail transportation gear transmission segment generated RMB 183,841,000[107]. Assets and Liabilities - Total assets increased by 20.9% to RMB 35,830,851,000 as of June 30, 2022, compared to RMB 29,640,474,000 at the end of 2021[4]. - Total liabilities rose by 41.5% to RMB 22,463,790,000, up from RMB 15,872,439,000, leading to a debt-to-asset ratio of 62.7%, an increase of 9.2 percentage points[4]. - Non-current assets increased to RMB 9,219,494,000 as of June 30, 2022, compared to RMB 8,817,679,000 as of December 31, 2021, reflecting a growth of approximately 4.5%[80]. - Current assets rose to RMB 26,611,357,000, up from RMB 20,822,795,000, marking an increase of about 28%[81]. - Total liabilities increased to RMB 19,564,080,000 from RMB 14,721,603,000, indicating a rise of around 33.5%[81]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2022, was RMB 185,460,000, an increase of 32.3% compared to RMB 140,160,000 in the same period of 2021[84]. - Cash generated from operating activities decreased to RMB 335,095,000 from RMB 351,582,000, reflecting a decline of 4.7% year-on-year[84]. - Net cash used in investing activities was RMB (2,476,941,000), significantly higher than RMB (883,087,000) in the previous year, indicating increased investment outflows[86]. - Financing cash flow netted RMB 4,311,003,000, a substantial increase from RMB 1,540,087,000 in the prior year, driven by higher borrowings[86]. - The company made a significant investment in property, plant, and equipment amounting to RMB (1,113,959,000), which is an increase from RMB (583,248,000) in the previous year[84]. Research and Development - R&D costs decreased by 18.9% to approximately RMB 365,701,000 from RMB 451,007,000 in the same period last year, accounting for 3.8% of sales revenue, a decrease of 0.5 percentage points[33]. - The industrial gear transmission equipment sector is focusing on green development strategies and advancing a "high power, high speed, high load, high precision; low energy consumption, low vibration, low noise" direction[19]. - The company continues to focus on research, design, and development of mechanical transmission equipment for wind power generation and industrial applications, indicating ongoing commitment to innovation and market expansion[88]. Corporate Governance - The company has complied with the corporate governance code and has appointed at least three independent non-executive directors as required by the listing rules[58]. - The company established an Audit Committee on June 8, 2007, consisting of three independent non-executive directors, with the main responsibility of reviewing financial reporting procedures and risk management[62]. - The company has a Compensation Committee that advises on the remuneration policies for board members and senior management, ensuring alignment with company strategy[63]. - The company has established a framework for risk management and internal control systems, which is monitored by the Audit Committee[62]. Market Position and Strategy - The company plans to enhance market competitiveness through changes in production models and sales strategies, focusing on green development and energy efficiency[8]. - The company aims to strengthen its position as a major supplier in the industrial gear transmission equipment market by developing standardized, modular, and intelligent products[8]. - The company continues to expand its business into diversified and large-scale overseas markets, supplying wind power gear transmission equipment to major domestic and international customers[16]. - The company plans to continue expanding its market presence and investing in new technologies to enhance competitive advantage[106]. Employee and Management - The group had approximately 6,299 employees as of June 30, 2022, an increase from 5,964 employees on June 30, 2021[49]. - Employee costs for the review period amounted to RMB 811,203,000, up from RMB 760,035,000 in the previous year, reflecting a year-over-year increase of approximately 6.5%[49]. - The management compensation for the six months ended June 30, 2022, was RMB 9,332,000, slightly up from RMB 9,318,000 in the previous year[168].

Financial Performance - The company reported a revenue of RMB 20,210,526,000 for the year ended December 31, 2021, representing an increase of 31.5% compared to RMB 15,368,511,000 in 2020[5]. - The profit attributable to the owners of the company was RMB 1,315,245,000, a rise of 56.4% from RMB 840,906,000 in the previous year, but a decrease of 5.3% when excluding the impact of share-based payment expenses from 2020[13]. - The basic and diluted earnings per share increased to RMB 0.804 from RMB 0.514, reflecting a growth of 56.4%[5]. - The gross profit margin was approximately 15.8%, down from 20.9% in 2020[25]. - The group recorded sales revenue of approximately RMB 20,210,526,000, an increase of 31.5% compared to RMB 15,368,511,000 in 2020[25]. - The sales revenue from wind power gear transmission equipment increased by 3.3% to approximately RMB 12,039,140,000[27]. - The industrial gear transmission equipment business generated sales revenue of approximately RMB 1,943,871,000, up 27.4% from RMB 1,526,091,000 in 2020[29]. - The trade business generated sales revenue of approximately RMB 5,763,631,000, a significant increase of 216.9% from RMB 1,818,532,000 in 2020[33]. - The group's overseas sales amounted to approximately RMB 2,861,360,000, representing an increase of 11.0% compared to RMB 2,576,824,000 in the previous year[34]. - The overall gross profit margin decreased to approximately 15.8% from 20.9% in 2020, a decline of 5.1 percentage points[51]. Assets and Liabilities - Total assets reached RMB 29,640,474,000, up 14.7% from RMB 25,851,099,000 in 2020[5]. - Total liabilities increased by 20.0% to RMB 15,872,439,000 from RMB 13,227,891,000 in the previous year[5]. - Net assets grew by 9.1% to RMB 13,768,035,000 compared to RMB 12,623,208,000 in 2020[5]. - The company's asset-liability ratio was 53.5%, an increase of 2.3 percentage points from 51.2% in the previous year[5]. - The group's debt increased by RMB 1,619,129,000 or 68.1% to RMB 3,998,099,000 as of December 31, 2021, compared to RMB 2,378,970,000 at the end of 2020[65]. - The group's debt-to-asset ratio increased from 51.2% at the end of 2020 to 53.5% at the end of 2021[68]. Market and Industry Position - The company continues to lead the domestic wind power equipment industry through strong research, design, and development capabilities[13]. - The company aims to support China's "dual carbon" goals through sustainable development initiatives[13]. - Future strategies include enhancing product development and market expansion efforts to maintain competitive advantage[13]. - The wind power industry saw a total of 47.57 million kW of new grid-connected capacity added in 2021, with 30.67 million kW from onshore wind and 16.90 million kW from offshore wind, making it the second-highest annual addition since the "13th Five-Year Plan" period[14]. - The national "dual carbon" goals are expected to provide unprecedented development opportunities for the wind power industry, with policies supporting large-scale and high-quality development of renewable energy[22]. Research and Development - The company is actively developing large megawatt gearboxes and integrating state monitoring and big data analysis technologies to create intelligent gearbox products and services[15]. - Research and development costs increased by 30.2% to approximately RMB 667,782,000, driven by increased investment in new product development[58]. - The company is committed to continuous development and innovation in technology, enhancing its position as a reliable supplier in the gear transmission equipment industry[115]. Environmental and Social Responsibility - The company emphasizes environmental responsibility and aims to minimize its carbon footprint through new standards, materials, and designs in project construction[110]. - The company has maintained ISO14001 certification annually since 2008, demonstrating compliance with environmental management standards[113]. - The company has implemented a comprehensive environmental protection system, ensuring compliance with relevant laws and regulations, including regular reporting to environmental authorities[113]. - The company actively seeks suitable environmental equipment to minimize impacts on air, water, and soil, aligning with sustainable development goals[113]. - The company has developed emergency response plans for environmental incidents and conducts regular drills to ensure preparedness[113]. Governance and Management - The board presented the audited consolidated financial statements for the year ending December 31, 2021[108]. - The company has independent directors with extensive experience in finance and management, contributing to strategic decision-making[102][104]. - The financial management team is composed of qualified accountants with significant experience in financial and accounting management[106][107]. - The board of directors consists of 12 members, including 8 executive directors and 4 independent non-executive directors, with a total of 5 board meetings held during the year[164]. - The company has established a risk management policy to identify, assess, and manage significant risks, with senior management conducting annual risk identification and prioritization[189]. Employee and Human Resources - Employee costs for the year amounted to approximately RMB 1,516,828,000, a decrease from RMB 1,930,652,000 in 2020, which included share-based payment expenses of RMB 547,674,000[137]. - The company employed approximately 6,163 employees as of December 31, 2021, an increase from 6,025 employees in 2020[137]. - The employee turnover rate remains below the manufacturing industry average, indicating a high level of employee engagement and retention[114]. - The company has implemented a human resources policy focused on sustainable development, emphasizing professional ethics and continuous education for employees[140]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected EBITDA margin of B%[92]. - Overall, the management remains optimistic about future growth, citing strong demand and a robust pipeline of projects[92].

| --- | --- | --- | --- | --- | --- | --- | |-------|------------|-------|-------|-------|-------|---------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | * 僅供識別 | | | | | 2021 中期報告 | 目錄 中期簡明綜合財務報表 頁次 財務摘要 4 管理層討論及分析 5 企業管治及其他資料 19 公司資料 2 －獨立審閱報告 26 －中期簡明綜合收益表 28 －中期簡明綜合全面收益表 29 －中期簡明綜合財務狀況表 30 －中期簡明綜合權益變動表 32 －中期簡明綜合現金流量表 33 －中期簡明綜合財務資料附註 35 1 2021 年中期報告 公司資料 | --- | --- | |--------------------------------|------------------------------------| | | | | 董事會 | 註冊辦事處 | | 執行董事 | 4th ...

2020 年度報告 * 僅供識別 | --- | --- | --- | --- | |-----------------------|-------|-------|---------------------| | 公司資料 \n財務摘要 | | | 目錄 \n頁次 \n2 \n4 | | 五年財務概要 | | | 5 | | | | | | | 董事長書函 | | | 6 | | 管理層討論及分析 | | | 10 | | 董事及高級管理層簡歷 | | | 26 | | 董事會報告書 | | | 34 | | 企業管治報告 | | | 49 | | 獨立核數師報告 | | | 60 | | 綜合收益表 | | | 67 | | 綜合全面收益表 | | | 69 | | 綜合財務狀況表 | | | 70 | | 綜合權益變動表 | | | 73 | | 綜合現金流量表 | | | 75 | | 綜合財務報表附註 | | | 77 | 公司資料 | --- | --- | |-------------------------------|------------------------------------ ...

2020 中期報告 2020 中期報告 INTERIM REPORT * 僅供識別 目錄 頁次 | --- | --- | --- | |-------|-------|---------------------------------------------------| | | | | | | | 公司資料 | | | | 財務概要 | | | | 管理層討論及分析 | | | | 企業管治及其他資料 | | | | 中期簡明綜合財務報表 | | | | －獨立審閱報告 | | | | －中期簡明綜合收益表 | | | | －中期簡明綜合全面收益表 | | | | －中期簡明綜合財務狀況表 | | | | －中期簡明綜合權益變動表 －中期簡明綜合現金流量表 | | | | －中期簡明綜合財務資料附註 | | | | | 2 4 5 18 24 26 27 28 30 31 33 1 2020 年中期報告 公司資料 | --- | --- | |-------------------------------|-------------------------------------------------- ...

Financial Performance - The company reported a revenue of RMB 9,722,896,000 for the year ended December 31, 2019, representing an increase of 18.5% compared to RMB 8,203,500,000 in 2018[4]. - The net profit attributable to the owners of the company was RMB 438,188,000, a significant increase of 110.3% from RMB 208,401,000 in the previous year[4]. - Basic and diluted earnings per share rose to RMB 0.268, up 109.4% from RMB 0.128 in 2018[4]. - The company proposed a final dividend of HKD 0.20 per share, which is a 150% increase from HKD 0.08 in the prior year[4]. - The gross profit margin improved to approximately 19.9%, up from 18.7% in the previous year[15]. - The total gross profit for the year was approximately RMB 1,934,893,000, up 26.4% from RMB 1,530,989,000 in the previous year[25]. - Total revenue from customer contracts for the year ended December 31, 2019, was RMB 9,722,896 thousand, an increase of 18.5% from RMB 8,203,500 thousand in 2018[155]. - Operating profit increased to RMB 842,514 thousand for 2019, compared to RMB 750,967 thousand in 2018, reflecting a growth of 12.2%[155]. - Total comprehensive income for the year ended December 31, 2019, was RMB 510,750 thousand, compared to RMB 146,801 thousand in 2018, indicating a substantial increase[157]. Assets and Liabilities - Total assets decreased by 7.1% to RMB 24,858,848,000 from RMB 26,748,539,000 in 2018[5]. - Total liabilities decreased by 14.8% to RMB 13,529,450,000 from RMB 15,883,275,000 in the previous year[5]. - Net assets increased by 4.3% to RMB 11,329,398,000 compared to RMB 10,865,264,000 in 2018[5]. - The group's total liabilities were approximately RMB 13,529,450,000, a decrease of 14.8% from RMB 15,883,275,000 in 2018[34]. - The group's net current assets as of December 31, 2019, were approximately RMB 3,358,316,000, a decrease of 30.2% from RMB 4,813,233,000 in 2018[34]. - The group's cash and bank balances totaled approximately RMB 5,318,455,000, a decrease of 10.3% from RMB 5,932,008,000 in 2018[35]. - The group's debt (including bonds) totaled approximately RMB 5,237,448,000, a decrease of 29.0% from RMB 7,372,957,000 in 2018[35]. - The company's total assets decreased from RMB 13,566,843 thousand in 2018 to RMB 12,304,011 thousand in 2019, representing a decline of about 9.3%[159]. - The company's total liabilities decreased from RMB 2,701,579 thousand in 2018 to RMB 974,613 thousand in 2019, a reduction of about 64%[159]. Market and Competitive Position - The company aims to enhance market competitiveness through strong research, design, and development capabilities[10]. - The company continues to adjust its business development strategy in the industrial gear transmission equipment sector to improve market competitiveness[10]. - The company is actively expanding into new markets and industries, focusing on standardized, modular, and intelligent products to drive sales strategy transformation[12]. - The company has developed capabilities to produce 6MW and 7MW wind power gearboxes, aligning its technology level with international competitors[16]. - The company maintains a strong customer base, including major domestic and international wind turbine manufacturers such as GE Renewable Energy and Siemens Gamesa[16]. - In 2019, China became the world's largest wind power market, with new installed capacity reaching 28.9GW, a growth of 37% compared to 2018[41]. Research and Development - Research and development costs increased by 17.0% to approximately RMB 394,961,000, driven by increased investment in new product development[30]. - New product development includes the launch of a next-generation gearbox, expected to enhance efficiency by 20%[63]. - The company has been recognized with 345 national patents and has 304 pending patent applications, highlighting its commitment to innovation[21]. Corporate Governance and Compliance - The company has complied with the Hong Kong Stock Exchange listing rules and relevant securities regulations, including disclosure and corporate governance requirements[76]. - The company has established environmental responsibilities at all levels and developed emergency plans for environmental incidents, conducting regular drills[76]. - The company has adhered to environmental protection laws and implemented the ISO14001 environmental management system, ensuring compliance with various environmental regulations[75]. - The company has complied with the corporate governance code during the year, with some deviations noted[115]. Employee and Human Resources - The group employed approximately 5,962 employees as of December 31, 2019, an increase from 5,588 in 2018[95]. - Employee costs for the year were approximately RMB 1,359,689,000, up from RMB 1,253,724,000 in 2018[95]. - The company has established a reward program to encourage innovation and recognize employees for significant contributions[95]. - The group is committed to sustainable human resource policies, focusing on professional ethics and continuous employee training[97]. Financial Management - The group's financial costs for the year were approximately RMB 512,030,000, a decrease of 18.8% from RMB 630,963,000 in 2018, primarily due to reduced bank loans and medium-term notes[32]. - The company received government subsidies totaling RMB 143,042 thousand during the year, which were not recorded in the previous year[165]. - The company reported a net cash inflow from the sale of discontinued operations of RMB 104,979 thousand, compared to a net cash outflow of RMB 2,972 thousand in 2018[164]. Future Outlook - The company has provided guidance for the next fiscal year, projecting a revenue increase of 10% to 1.32 billion[62]. - The company plans to implement a new operational strategy aimed at reducing production costs by 8% over the next year[63]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[62]. Audit and Financial Reporting - The audit confirmed that management's judgments and estimates regarding impairment provisions were supported by existing evidence[148]. - The independent audit report was issued by Tianzhi Hong Kong CPA Limited, with the audit partner being Mr. Gao Yajun[154]. - The financial statements reflect the group's ability to continue as a going concern, barring any significant uncertainties[153]. - The group adheres to the International Financial Reporting Standards, ensuring that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2019[142].

2019 中期報告 2019 中期報告 INTERIM REPORT * 僅供識別 目錄 頁次 管理層討論及分析 5 企業管治及其他資料 15 中期簡明綜合財務報表 －中期簡明綜合收益表 21 －中期簡明綜合全面收益表 22 －中期簡明綜合財務狀況表 23 －中期簡明綜合權益變動表 25 －中期簡明綜合現金流量表 26 －中期簡明綜合財務資料附註 28 公司資料 2 財務概要 4 1 2019 年中期報告 公司資料 | --- | --- | |-------------------------------|-------------------------------| | | | | 董事會 | 註冊辦事處 | | 執行董事 | 4th Floor, Harbour Place | | 胡吉春先生 （主席兼行政總裁） | 103 South Church Street | | 胡曰明先生 | George Town | | 陳永道先生 | Grand Cayman KY1-1002 | | 汪正兵先生 | Cayman Islands | | 周志瑾先生 | | | 鄭青女士 | 核數師 | | 顧曉斌先 ...