智通财经4月22日讯（编辑 冯轶）智通财经为您带来今日港股重要公告 1）业绩速递 中国移动(00941.HK)：一季度营运收入为2638亿元，同比增长0.02%；净利润306亿元，同比增长3.45%。 中广核矿业(01164.HK)：第一季度旗下投资的矿山共生产天然铀659.1tU，本季度计划完成率110.7%。 中兴通讯(00763.HK)：一季度营业收入329.68亿元，同比增加7.82%；净利润24.53亿元，同比减少10.5%。 津上机床中国(01651.HK)：发布盈喜，预期年度股东应占溢利约7.82亿元 同比增加约60%。 浙江世宝(01057.HK)：一季度营业收入7.18亿元，同比增加45.47%：净利润4873.5万元，同比增加123.77%。 重庆钢铁股份(01053.HK)：一季度营业收入66.14亿元，同比减少14.51%；净亏损1.17亿元，同比收窄64.82%。 2）公司要闻 泡泡玛特(09992.HK)：一季度整体收入同比增长 165%-170%，其中中国收益同比增长95%-100%，海外收益同比增长475%- 480%。其中，亚太同比增长 345%-350%；美洲同比增长895 ...

Financial Performance - The company's operating revenue for Q1 2025 reached RMB 717,806,101.77, representing a year-on-year increase of 45.47% compared to RMB 493,440,384.78 in Q1 2024[9] - Net profit attributable to shareholders for Q1 2025 was RMB 48,734,998.79, a significant increase of 123.77% from RMB 21,779,300.91 in the same period last year[9] - Basic and diluted earnings per share for Q1 2025 were both RMB 0.0592, reflecting a growth of 114.49% from RMB 0.0276 in Q1 2024[9] - Total operating revenue for Q1 2025 reached RMB 717.81 million, a significant increase of 45.6% compared to RMB 493.44 million in Q1 2024[20] - Net profit for Q1 2025 was RMB 52.95 million, up 106.8% from RMB 25.58 million in Q1 2024[21] Cash Flow and Liquidity - The net cash flow from operating activities surged to RMB 75,905,954.92, marking a dramatic increase of 1,714.77% compared to RMB 4,182,677.79 in Q1 2024[9] - Operating cash flow for Q1 2025 was $75,905,954.92, a significant increase from $4,182,677.79 in Q1 2024, reflecting strong sales growth[23] - Cash inflow from operating activities totaled $558,792,537.30 in Q1 2025, compared to $305,304,118.30 in Q1 2024, indicating a year-over-year increase of approximately 83%[23] - The net increase in cash and cash equivalents for Q1 2025 was $1,652,351.39, a decrease from $341,118,724.26 in Q1 2024, indicating tighter liquidity[23] - The company reported cash and cash equivalents at the end of Q1 2025 of $214,621,306.21, down from $460,950,534.36 at the end of Q1 2024[23] Assets and Liabilities - The company's total assets as of March 31, 2025, were RMB 3,289,665,874.93, a slight increase of 0.77% from RMB 3,264,667,069.57 at the end of 2024[9] - Total liabilities decreased to RMB 1.29 billion as of March 31, 2025, from RMB 1.31 billion at the end of 2024, indicating improved financial stability[19] - The net assets attributable to shareholders increased to RMB 1,991,814,731.15, up by 2.51% from RMB 1,943,079,732.36 at the end of 2024[9] Operational Efficiency - The company experienced a significant reduction in the proportion of operating expenses relative to revenue, contributing to the overall profit increase[13] - The company reported a gross profit margin of approximately 15.9% for Q1 2025, compared to 10.5% in Q1 2024, highlighting enhanced operational efficiency[20] Research and Development - Research and development expenses increased to RMB 37.69 million in Q1 2025, up from RMB 25.78 million in Q1 2024, reflecting a commitment to innovation[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,102[14] Accounting Adjustments - The company has implemented adjustments in accounting standards affecting the profit statement, specifically impacting operating costs and sales expenses by RMB 8,972,218.95[13] Other Financial Activities - Cash outflow for investment activities in Q1 2025 was $207,124,553.35, up from $65,279,224.82 in Q1 2024, resulting in a net cash flow from investment activities of -$63,382,246.33[23] - Total cash inflow from financing activities was $427,387,745.02 in Q1 2024, while in Q1 2025, the net cash flow from financing activities was -$10,709,378.76, indicating a shift in financing strategy[23] - The company received $512,067,212.86 in cash from sales in Q1 2025, compared to $258,138,891.46 in Q1 2024, marking an increase of approximately 98%[23] - Cash received from investment returns in Q1 2025 was $2,795,095.28, compared to $894,992.72 in Q1 2024, showing a growth of about 212%[23] - The company paid $85,919,455.69 in cash for other operating activities in Q1 2025, up from $53,598,103.19 in Q1 2024, reflecting increased operational costs[23] - The company experienced a foreign exchange impact of -$161,978.44 on cash and cash equivalents in Q1 2025, compared to -$89,710.14 in Q1 2024, highlighting currency volatility effects[23] Strategic Overview - The company has no significant new strategies or important matters reported during the reporting period[16]

Company Overview - Zhejiang Shibao reported a strategic goal to provide intelligent driving solutions and products for leading global automotive groups[10]. - The company has over 30 years of experience in system matching within the automotive industry, with a diversified and international customer base[10]. - Zhejiang Shibao is one of the first domestic companies to independently develop electric power steering systems and intelligent steering systems for automobiles[10]. - The company operates production bases in Hangzhou, Yiwu, Siping, Wuhu, and Changzhou, and has a research institute in Hangzhou[10]. - The company aims to enhance the research and production capabilities of steering systems and key components to an internationally competitive level[10]. - Zhejiang Shibao's H shares were listed on the Hong Kong Stock Exchange on May 16, 2006, and later transferred to the main board on March 9, 2011[10]. - The company is committed to improving automotive driving safety and comfort through its products[10]. - Zhejiang Shibao has established an automotive intelligent technology research and development center in Beijing[10]. - The company provides various steering products for commercial vehicles, passenger cars, and new energy vehicles[10]. - The company is focused on expanding into modular related key components of steering system integration[10]. Financial Performance - The company's operating revenue for the year ended December 31, 2024, reached RMB 269,346.89 million, a 48% increase from RMB 181,944.22 million in 2023[21]. - The total profit for 2024 was RMB 15,226.84 million, representing an 81% increase compared to RMB 8,400.31 million in 2023[21]. - The net profit attributable to the parent company was RMB 14,912.38 million, up 93% from RMB 7,720.43 million in 2023[21]. - The net asset value of current assets increased to RMB 99,577.03 million in 2024, compared to RMB 55,892.46 million in 2023, indicating improved liquidity[22]. - The total assets of the company reached RMB 326,466.71 million in 2024, a significant increase from RMB 265,067.88 million in 2023[22]. - The company achieved a revenue of RMB 2,693,468,867.27, representing a year-on-year increase of 48.04%[28]. - The gross profit from core business was RMB 517,235,591.89, an increase of RMB 219,895,821.50 year-on-year, with a gross margin of 19.82% compared to 17.09% in the previous year[28]. - The overall gross margin for the reporting period was 20.94%, up from 19.33% in the previous year, attributed to improved production costs due to increased sales volume[28]. - Research and development expenses amounted to RMB 159,714,979.19, a year-on-year increase of 35.13%, representing 5.93% of total revenue[29]. - The net profit attributable to shareholders was RMB 149,123,766.76, reflecting a year-on-year increase of 93.15%[33]. Research and Development - The company has a strong focus on R&D, with seven core technological capabilities developed, including electric steering ECU technology and intelligent steer-by-wire technology[14]. - The company plans to focus on the development and commercialization of new technologies such as steer-by-wire and rear-wheel steering to support advanced autonomous driving[25]. - The company is focused on providing advanced active steering solutions for autonomous vehicles, integrating economic growth, environmental protection, and social responsibility into its business strategy[169]. - The company focuses on the research and development of automotive steering products, including steering gears and key components of steering systems[109]. Market and Sales - The sales of electric and intelligent steering system products saw significant growth, benefiting from trends in automotive electrification and globalization[28]. - The company reported a significant increase in overseas sales, which reached RMB 202,454,017.39, a year-on-year growth of 107.21%[35]. - The automotive industry in China saw a production and sales volume of 31.28 million and 31.44 million vehicles respectively, with a year-on-year growth of 3.70% and 4.50%[27]. - The company's revenue for automotive parts manufacturing reached ¥2,609,786,667.29, a year-on-year increase of 2.73%[37]. - Sales volume for automotive parts increased by 58.04% to 4,458,978 units compared to 2,821,409 units in the previous year[38]. Operational Efficiency - The company has implemented the Toyota Production System to enhance efficiency, reduce waste, and control production costs effectively[18]. - The company maintains a stable and experienced team, with an average of 15 years of industry experience among core personnel, supporting future growth initiatives[19]. - The company has established a comprehensive quality control system, with all major subsidiaries certified under IATF 16949:2016, ensuring stable product quality[15]. - The gross profit margin for steering systems and components was 19.04%, up from 16.06% in the previous year, reflecting improved cost management[40]. Corporate Governance - The company has a strong governance structure with independent non-executive directors, enhancing oversight and strategic direction[100]. - The board includes experienced professionals from various sectors, contributing to diverse insights and decision-making[101]. - The company is committed to maintaining high standards of corporate governance to align with stakeholder interests and adapt to external changes[158]. - The supervisory board expressed confidence in the company's future prospects and the performance of the board and senior management[155]. - The company has established a robust internal control system, which contributed to the decision not to purchase liability insurance for directors and senior executives[159]. Employee and Compensation - The total employee compensation and benefits amounted to RMB 303,884,490.90, an increase from RMB 246,070,420.51 in the previous year, reflecting a growth of approximately 23.4%[93]. - The company has 2,224 employees as of December 31, 2024, up from 1,940 employees in 2023, indicating an increase of about 14.6%[93]. - The company provides ongoing professional development training for all directors to enhance their knowledge and skills related to governance and compliance[174]. Environmental Compliance - The company has maintained good environmental compliance, with all emissions meeting standards and no pollution incidents reported during the reporting period[111]. - The company has established a comprehensive environmental management system and has achieved ISO 14001 certification for several subsidiaries[111]. - The company has implemented strict environmental protection measures to comply with current laws and contribute to environmental conservation[172]. Risks and Challenges - The company faces risks from industry fluctuations, as the automotive parts manufacturing sector is heavily influenced by the macroeconomic cycle and national policies[71]. - Product quality is critical, as any defects could lead to recalls, impacting the company's brand and market expansion[72]. - The company must continuously innovate to meet the increasing demands for safety, intelligence, and energy efficiency in the automotive sector[73]. - The pricing of automotive parts is subject to pressure from the overall vehicle pricing trends, which could affect the company's profitability[74]. - Fluctuations in raw material prices significantly impact production costs and gross margins, posing operational risks[75]. - The company is expanding into overseas markets, which may be affected by international political and economic changes[76]. - The company must adapt its management practices to handle the increased complexity from business expansion, or it risks affecting operational efficiency and performance[77].

证券代码：002703 证券简称：浙江世宝 公告编码：2025-004 浙江世宝股份有限公司 第八届董事会第五次会议决议的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、董事会会议召开情况 浙江世宝股份有限公司（以下简称"浙江世宝"或"公司"）第八届董事会 第五次会议于 2025 年 3 月 28 日在中国杭州市钱塘区 17 号大街 6 号办公大楼三 楼会议室召开。会议通知于 2025 年 3 月 13 日以电子邮件方式送达。会议采用 现场结合通讯表决方式召开，应到董事 9 名，实到董事 9 名，其中董事周裕以 通讯表决方式参加会议。会议由董事长张世权先生主持，公司高级管理人员列 席会议。会议召开符合相关法律、行政法规、部门规章、规范性文件和公司章 程的规定。 二、董事会会议审议情况 （一）审议通过了《2024 年度审计报告》。 表决结果：同意票 9 票，反对票 0 票，弃权票 0 票。 本议案已经董事会审计委员会审议通过。 公 司 2024 年度审计报告 于 本 公 告 日 刊 登 在 巨 潮 资 讯 网 （www.cninfo.com.cn）。 （二 ...

Financial Performance - Total revenue for the year ended December 31, 2024, reached RMB 2,693,468,867.27, representing a 48.04% increase compared to RMB 1,819,442,221.52 in 2023[2] - Net profit attributable to shareholders increased by 93.15% to RMB 149,123,766.76 from RMB 77,204,342.79 in the previous year[2] - The net profit excluding non-recurring gains and losses rose by 112.56% to RMB 136,834,644.64, up from RMB 64,374,816.28 in 2023[2] - Basic and diluted earnings per share improved by 87.22% to RMB 0.1831, compared to RMB 0.0978 in the prior year[2] - The company reported a total profit of RMB 152,268,408.84 for the year, up from RMB 84,003,146.19 in 2023[7] - The gross profit margin for the main business improved to 19.82% in 2024, compared to 17.09% in the previous year[36] - The company’s overall gross profit margin for 2024 was 20.94%, up from 19.33% in the previous year, indicating improved cost management[36] Assets and Liabilities - Total assets increased by 23.16% to RMB 3,264,667,069.57 from RMB 2,650,678,847.84 in 2023[2] - Net assets attributable to shareholders grew by 32.19% to RMB 1,943,079,732.36, up from RMB 1,469,865,219.48[2] - The total short-term borrowings decreased from RMB 147,820,497.81 in 2023 to RMB 81,109,472.22 in 2024, reflecting a reduction of about 45%[22] - The long-term borrowings remained unchanged at RMB 34,836,594.99 as of December 31, 2024, compared to the previous year[24] - The total assets minus current liabilities as of December 31, 2024, is RMB 1,987,568,329.69, compared to RMB 1,527,444,754.65 in 2023[33] Cash Flow - Cash flow from operating activities decreased by 63.51% to RMB 1,166,381.31, down from RMB 3,196,715.47 in the previous year[2] - Operating cash flow net amount decreased by 63.51% to RMB 1,166,381.31, primarily due to increased cash payments for employee compensation and bank guarantees[45] - Total cash and cash equivalents increased by 360.07% to RMB 93,137,145.34, compared to a decrease of RMB 35,812,236.20 in 2023[45] Expenses - Total operating costs for 2024 were RMB 2,492,270,418.86, compared to RMB 1,753,706,339.00 in 2023[7] - Research and development expenses increased to RMB 159,714,979.19 from RMB 118,196,951.05, indicating a focus on innovation[7] - Financial expenses for 2024 amounted to RMB 1,132,390.28, a decrease from RMB 6,072,232.49 in 2023, showing a reduction of about 81%[26] - The company reported a decrease in financial expenses by 81.35% to RMB 1,132,390.28, due to repayment of bank loans and increased interest income[37] Taxation and Incentives - The company and its subsidiaries have been recognized as high-tech enterprises, allowing them to pay corporate income tax at a reduced rate of 15% for the period 2023-2025[18] - The corporate income tax rate for the company and several subsidiaries is set at 15%, while other entities face a rate of 25%[17] - The company benefits from a VAT policy allowing advanced manufacturing enterprises to deduct an additional 5% from their payable VAT from January 1, 2023, to December 31, 2027[18] - The company benefited from tax incentives for employing self-employed veterans and poverty alleviation personnel, which will apply until December 31, 2027[7] Shareholder Information - The company plans to distribute a cash dividend of RMB 0.60 per share, totaling RMB 49,357,943.04, based on a total share capital of 822,632,384 shares as of December 31, 2024[28] - The profit distribution plan for 2024 is pending approval at the annual general meeting, with the final cash dividend expected to be paid to H shareholders on August 30, 2025[54] Operational Insights - The automotive parts and accessories manufacturing segment contributed RMB 2,609,786,667.29, accounting for 96.89% of total revenue, with a year-on-year growth of 50.04%[42] - Sales volume of automotive parts reached 4,458,978 units, representing a significant increase of 58.04% compared to 2,821,409 units in 2023[43] - The self-developed Rack Electric Power Steering System (R-EPS) has achieved mass production, supporting the company's ongoing development[55] - The company anticipates an increase in the production and sales of electric and intelligent vehicle steering systems in 2024, which will drive operational performance[55] - The company is focusing on new technology research and commercialization, including steer-by-wire and rear-wheel steering, to assist in advanced autonomous driving and localization of automotive components[55] Employee and Talent Management - The company has 2,224 full-time employees as of December 31, 2024, and emphasizes employee training and talent retention strategies[57] - The company has established a flexible talent introduction and incentive policy to attract external talent[57] Accounting Policies - The company will implement changes to accounting policies starting January 1, 2024, including the classification of current and non-current liabilities, which will not impact the financial statements[14] - The company has implemented several new accounting standards effective January 1, 2024, which include disclosures related to supplier financing arrangements and accounting for sale-leaseback transactions[14] Other Information - The company reported no significant asset or equity acquisitions or disposals during the reporting period[50] - As of December 31, 2024, the company has no significant contingent liabilities[53] - There are no significant other matters that require explanation during the reporting period[56] - The company has not purchased, sold, or redeemed any of its listed securities as of December 31, 2024[62]

Financial Performance - The company's operating revenue for Q3 2024 reached RMB 691,206,782.78, representing a year-on-year increase of 54.09%[3] - Net profit attributable to shareholders for Q3 2024 was RMB 45,094,915.16, a significant increase of 115.88% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 40,801,103.34, reflecting a year-on-year growth of 172.09%[3] - Total operating revenue for the first nine months of 2024 reached RMB 1,817,567,758.66, a 54.5% increase from RMB 1,176,522,433.74 in the same period of 2023[13] - Net profit for the first nine months of 2024 was RMB 127,340,842.49, compared to RMB 42,457,184.81 in 2023, representing a 199.5% increase[14] - Basic and diluted earnings per share for the first nine months of 2024 were both RMB 0.1380, up from RMB 0.0516 in 2023[14] - Total comprehensive income attributable to the parent company for the first nine months of 2024 was RMB 111,982,671.15, compared to RMB 40,726,450.14 in 2023, marking a 174.5% increase[14] Assets and Liabilities - The total assets as of September 30, 2024, amounted to RMB 2,974,816,731.55, an increase of 12.23% from December 31, 2023[3] - The net assets attributable to shareholders reached RMB 1,905,938,636.75, showing a growth of 29.67% compared to the end of the previous year[3] - Current assets reached RMB 1,995,979,325.46, up from RMB 1,682,158,653.02 in the previous year[11] - Total liabilities decreased to RMB 1,065,421,539.21 from RMB 1,192,715,244.11, reflecting improved financial health[12] - The equity attributable to shareholders increased to RMB 1,905,938,636.75 from RMB 1,469,865,219.48, showing a strong growth in shareholder value[12] Cash Flow - The company reported a net cash flow from operating activities of RMB -4,820,372.51 for the first nine months of 2024, improving by 76.62% year-on-year[6] - Cash flow from operating activities showed a net outflow of RMB 4,820,372.51 in 2024, an improvement from a net outflow of RMB 20,619,730.80 in 2023[15] - Cash and cash equivalents at the end of September 2024 amounted to RMB 221,269,967.57, significantly up from RMB 92,079,020.74 at the end of September 2023[15] - The company received cash from financing activities totaling RMB 488,487,745.02 in 2024, compared to RMB 158,000,000.00 in 2023[15] Operational Highlights - The company attributed revenue growth to the acceleration of trends in automotive electrification, intelligence, and globalization, as well as an increase in market share of Chinese passenger vehicles[6] - Research and development expenses increased to RMB 100,595,342.38 in 2024 from RMB 79,309,832.33 in 2023, reflecting a 26.8% rise[13] - The company reported a total operating cost of RMB 1,701,232,030.19 for the first nine months of 2024, up from RMB 1,146,106,492.73 in 2023, which is a 48.4% increase[13] Shareholder Information - Zhejiang Shibao Holding Group Co., Ltd. remains the largest shareholder, holding 295,336,898 shares, representing 35.90% of the total share capital[9] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 511,567,895.23 from RMB 478,208,228.06[11] - Accounts receivable rose to RMB 963,215,179.74 compared to RMB 717,577,606.43 at the end of 2023, indicating a significant growth in receivables[11] Debt Management - Short-term borrowings decreased to RMB 61,109,342.47 from RMB 147,820,497.81, indicating a reduction in debt levels[12]

Financial Performance - Operating revenue for the first half of 2024 reached CNY 1,126,360,975.88, a 54.73% increase compared to CNY 727,947,938.24 in the same period of 2023[9] - Net profit attributable to shareholders of the listed company was CNY 66,887,755.99, representing a significant increase of 237.18% from CNY 19,837,169.51 in the first half of 2023[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 63,997,448.86, up 652.24% from CNY 8,507,594.78 in the previous year[9] - Basic and diluted earnings per share increased to CNY 0.0830, up 230.68% from CNY 0.0251 in the same period last year[9] - Operating profit for the first half of 2024 was RMB 73,770,308.63, up from RMB 20,762,286.27 in the first half of 2023, representing a growth of 255%[20] - The company achieved a total profit of RMB 73,016,236.07 in the first half of 2024, compared to RMB 20,441,696.41 in the same period of 2023, representing an increase of 257%[20] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 15,607,460.23, a turnaround from a negative cash flow of CNY -61,917,321.13 in the first half of 2023, marking a 125.21% increase[9] - Total cash inflow from operating activities increased to RMB 586,695,208.19 in H1 2024, up from RMB 460,607,704.96 in H1 2023, representing a growth of approximately 27.3%[25] - The net cash flow from financing activities was RMB 143,659,737.82 in H1 2024, compared to RMB 20,420,275.69 in H1 2023, indicating a substantial increase[25] - The ending cash and cash equivalents balance as of June 30, 2024, was RMB 211,911,549.12, up from RMB 143,451,383.11 at the end of June 2023[25] Assets and Liabilities - Total assets increased by 4.38% to RMB 2,766,828,436.06 as of June 30, 2024, compared to RMB 2,650,678,847.84 at the end of 2023[10] - Total liabilities decreased by 25.49% to RMB 888,674,365.25 from RMB 1,192,715,244.11[12] - Short-term borrowings significantly reduced to RMB 11,009,342.47 from RMB 147,820,497.81, a decrease of 92.56%[11] - The company's equity attributable to shareholders increased by 27.96% to RMB 1,880,840,720.49, indicating strong financial health[12] Research and Development - Research and development expenses increased to RMB 64,477,581.03 in the first half of 2024, up from RMB 50,292,023.37 in the first half of 2023, reflecting a growth of 28%[20] - Direct input costs for R&D activities include expenses for materials, fuel, power, and costs for molds and equipment development, totaling RMB X million[97] - Design costs for new products and processes incurred during development reached RMB A million, focusing on innovative and breakthrough designs[100] Taxation and Incentives - The company and its subsidiaries benefit from a reduced corporate income tax rate of 15% due to high-tech enterprise certification, valid from 2023 to 2025[136] - The company enjoys a VAT deduction policy allowing a 5% additional deduction on payable VAT for advanced manufacturing enterprises from 2023 to 2027[136] - The company reported a VAT exemption of RMB 58,500 for hiring self-employed veterans under specific tax policies[136] Inventory and Receivables - Accounts receivable grew by 18.69% to RMB 851,874,375.47 from RMB 717,577,606.43[11] - The provision for bad debts was RMB 32,171,934.35, which is 3.64% of total accounts receivable[145] - The total inventory at the end of the period is RMB 522,032,542.75 million, with a provision for inventory depreciation of RMB 37,912,868.24 million[162] Employee Compensation and Benefits - Total salary, bonuses, allowances, and subsidies increased to CNY 118,805,041.01 during the period, resulting in a year-end total of CNY 27,815,668.39[197] - The company contributed CNY 8,429,394.04 to the basic pension insurance during the period, leading to a year-end balance of CNY 839,226.16[198] - The total employee benefits expenses, including social insurance, amounted to CNY 29,208,178.70 at the end of the period[197] Compliance and Governance - The company’s financial statements have been approved by the board on August 23, 2024, ensuring compliance with regulatory requirements[36] - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[38] - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[40]

[Main Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%BB%E8%A6%81%E6%9C%83%E8%A8%88%E6%95%B8%E6%93%9A%E5%92%8C%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99) Zhejiang Shibao Co., Ltd. announced its interim results for the six months ended June 30, 2024, showing significant growth in revenue, net profit, total assets, and net assets attributable to shareholders Key Accounting Data and Financial Indicators for January-June 2024 | Indicator | Jan-Jun 2024 (RMB) | Jan-Jun 2023 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,126,360,975.88 | 727,947,938.24 | 54.73% | | Net Profit Attributable to Shareholders of the Listed Company | 66,887,755.99 | 19,837,169.51 | 237.18% | | Net Profit Attributable to Shareholders of the Listed Company (Excluding Non-recurring Gains and Losses) | 63,997,448.86 | 8,507,594.78 | 652.24% | | Net Cash Flow from Operating Activities | 15,607,460.23 | -61,917,321.13 | 125.21% | | Basic Earnings Per Share (RMB/share) | 0.0830 | 0.0251 | 230.68% | | Diluted Earnings Per Share (RMB/share) | 0.0830 | 0.0251 | 230.68% | | Weighted Average Return on Net Assets | 3.99% | 1.41% | 2.58% | | Indicator | June 30, 2024 (RMB) | December 31, 2023 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Assets | 2,766,828,436.06 | 2,650,678,847.84 | 4.38% | | Net Assets Attributable to Shareholders of the Listed Company | 1,880,840,720.49 | 1,469,865,219.48 | 27.96% | [I. Financial Statements](index=2&type=section&id=I%E3%80%81%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section presents Zhejiang Shibao's unaudited consolidated balance sheet and income statement as of June 30, 2024, reflecting the company's financial position and operating results with increased assets, equity, revenue, and net profit [Consolidated Balance Sheet](index=2&type=section&id=%E5%90%88%E4%BD%B5%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E8%A1%A8) As of June 30, 2024, the company's total assets increased by 4.38% from 2023-end, total equity attributable to parent company owners grew by 27.96%, and total liabilities decreased, indicating a more stable financial structure Key Data from Consolidated Balance Sheet | Item | June 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Total Assets | 2,766,828,436.06 | 2,650,678,847.84 | | Total Current Assets | 1,804,918,771.43 | 1,682,158,653.02 | | Total Non-current Assets | 961,909,664.63 | 968,520,194.82 | | Total Liabilities | 888,674,365.25 | 1,192,715,244.11 | | Total Equity Attributable to Parent Company Owners | 1,880,840,720.49 | 1,469,865,219.48 | - Total current liabilities decreased from RMB 1,123,234,093.19 at the end of 2023 to **RMB 856,003,234.30** as of June 30, 2024, primarily due to a reduction in short-term borrowings and notes payable[4](index=4&type=chunk) [Consolidated Income Statement](index=4&type=section&id=%E5%90%88%E4%BD%B5%E5%88%A9%E6%BD%A4%E8%A1%A8) During the reporting period, the company's total operating revenue increased by 54.73% year-on-year, and net profit attributable to parent company owners significantly increased by 237.18% year-on-year, demonstrating strong profitability and improved operating efficiency Key Data from Consolidated Income Statement | Item | Jan-Jun 2024 (RMB) | Jan-Jun 2023 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 1,126,360,975.88 | 727,947,938.24 | | Total Operating Costs | 1,059,156,834.66 | 711,656,154.19 | | Operating Profit | 73,770,308.63 | 20,762,286.27 | | Net Profit | 76,102,722.06 | 21,225,695.47 | | Net Profit Attributable to Parent Company Owners | 66,887,755.99 | 19,837,169.51 | | Basic Earnings Per Share (RMB/share) | 0.0830 | 0.0251 | - Financial expenses significantly decreased by **79.96%** year-on-year, primarily due to reduced interest expenses and increased interest income[5](index=5&type=chunk) - Income tax expense was negative, mainly due to no current income tax expense in the current period and an increase in deductible temporary differences leading to a corresponding increase in deferred tax assets[5](index=5&type=chunk) [II. Notes to Financial Statements](index=5&type=section&id=II%E3%80%81%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) This section outlines the basis of preparation, accounting standards, accounting period, and functional currency for the company's financial statements, ensuring transparency and compliance of financial information [Basis of Preparation](index=5&type=section&id=%E7%B7%A8%E5%88%B6%E5%9F%BA%E7%A4%8E) These interim financial statements are prepared in accordance with Accounting Standard for Business Enterprises No. 32 — Interim Financial Reporting issued by the Ministry of Finance, and on a going concern basis - Financial statements are prepared in accordance with Accounting Standard for Business Enterprises No. 32 — Interim Financial Reporting[6](index=6&type=chunk) - The company's financial statements are prepared on a going concern basis[6](index=6&type=chunk) [Significant Accounting Policies and Accounting Estimates](index=5&type=section&id=%E9%87%8D%E8%A6%81%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96%E5%8F%8A%E6%9C%83%E8%A8%88%E4%BC%B0%E8%A8%88) The company declares that its financial statements comply with enterprise accounting standards, accurately and completely reflecting its financial position. The accounting year runs from January 1 to December 31 of the Gregorian calendar, and RMB is used as the functional currency [Statement of Compliance with Enterprise Accounting Standards](index=5&type=section&id=%E9%81%B5%E5%BE%AA%E4%BC%81%E6%A5%AD%E6%9C%83%E8%A8%88%E6%BA%96%E5%89%87%E7%9A%84%E8%81%B2%E6%98%8E) - The company's financial statements comply with enterprise accounting standards, accurately and completely reflecting its financial position, operating results, and cash flows[7](index=7&type=chunk) [Accounting Period](index=5&type=section&id=%E6%9C%83%E8%A8%88%E6%9C%9F%E9%96%93) - The accounting year runs from January 1 to December 31 of the Gregorian calendar[8](index=8&type=chunk) [Functional Currency](index=5&type=section&id=%E8%A8%98%E8%B3%AC%E6%9C%AC%E4%BD%8D%E5%B9%A3) - RMB is adopted as the functional currency[9](index=9&type=chunk) [III. Taxation](index=5&type=section&id=III%E3%80%81%E7%A8%85%E9%A0%85) This section details the main tax categories and applicable rates for the company and its subsidiaries, disclosing various tax incentives enjoyed during the reporting period that positively impacted the company's tax burden [Main Tax Categories and Rates](index=5&type=section&id=%E4%B8%BB%E8%A6%81%E7%A8%85%E7%A8%AE%E5%8F%8A%E7%A8%85%E7%8E%87) The company and its subsidiaries' main tax categories include Value-Added Tax, Property Tax, Urban Maintenance and Construction Tax, Education Surcharge, Local Education Surcharge, and Enterprise Income Tax, with applicable rates varying based on business type and entity qualification Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Sale of goods or provision of taxable services | 13%、9%、6%、5% | | Property Tax | Ad valorem/Based on rental income | 1.2%、12% | | Urban Maintenance and Construction Tax | Amount of turnover tax payable | 7%、5% | | Education Surcharge | Amount of turnover tax payable | 3% | | Local Education Surcharge | Amount of turnover tax payable | 2% | | Enterprise Income Tax | Taxable income | 15%、25% | Explanation of Enterprise Income Tax Rates for Taxable Entities with Different Rates | Taxable Entity Name | Income Tax Rate | | :--- | :--- | | The Company | 15% | | Hangzhou Shibao Auto Steering Gear Co., Ltd. | 15% | | Hangzhou New Shibao Electric Steering System Co., Ltd. | 15% | | Beijing Autonic Technology Co., Ltd. | 15% | | Wuhu Sterry Steering System Co., Ltd. | 15% | | Other Taxable Entities (excluding the above) | 25% | [Tax Incentives](index=6&type=section&id=%E7%A8%85%E6%94%B6%E5%84%AA%E6%83%A0) The company and several subsidiaries enjoy high-tech enterprise income tax incentives (15% rate) and benefit from the advanced manufacturing VAT additional deduction policy. Additionally, the company received VAT reductions for employing demobilized soldiers and key groups, and a VAT immediate refund policy for software products - The Company and its subsidiaries Hangzhou Shibao Auto Steering Gear Co., Ltd., Hangzhou New Shibao Electric Steering System Co., Ltd., Beijing Autonic Technology Co., Ltd., and Wuhu Sterry Steering System Co., Ltd. are all recognized as high-tech enterprises, enjoying a reduced Enterprise Income Tax rate of **15%** for 2023-2025[12](index=12&type=chunk) - The company and several subsidiaries enjoy a **5%** additional VAT deduction policy for advanced manufacturing enterprises, effective from January 1, 2023, to December 31, 2027[12](index=12&type=chunk) - Hangzhou Shibao Auto Steering Gear Co., Ltd., a subsidiary, received a VAT reduction of **RMB 58,500.00** for employing self-employed demobilized soldiers[13](index=13&type=chunk) - Beijing Autonic Technology Co., Ltd., a subsidiary, enjoys a VAT immediate refund policy for self-developed and produced software products, where the actual VAT burden exceeds **3%**[13](index=13&type=chunk) [IV. Notes to Consolidated Financial Statement Items](index=8&type=section&id=IV%E3%80%81%E5%90%88%E4%BD%B5%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%A0%85%E7%9B%AE%E6%B3%A8%E9%87%8B) This section provides detailed notes on key items in the consolidated financial statements, including accounts receivable, various borrowings, operating revenue and costs, financial expenses, income tax expenses, earnings per share, and other significant matters, offering deeper financial disclosure [Accounts Receivable](index=8&type=section&id=%E6%87%89%E6%94%B6%E8%B3%87%E6%AC%BE) As of June 30, 2024, the company's total accounts receivable amounted to RMB 884,046,309.82, with the highest proportion being within 1 year, and a bad debt provision of RMB 32,171,934.35 [Aging Analysis](index=8&type=section&id=%E8%B3%AC%E9%BD%A1%E6%83%85%E6%B3%81) Aging Distribution of Accounts Receivable | Aging | June 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Within 1 year | 831,834,100.06 | 708,412,987.42 | | 1-2 years | 16,729,823.37 | 8,706,884.90 | | 2-3 years | 6,483,525.04 | 2,122,197.40 | | Over 3 years | 28,998,861.35 | 29,834,084.97 | | Total | 884,046,309.82 | 749,076,154.69 | - The company generally grants customers a credit period of **90-180 days**, with new customers typically required to prepay for goods[15](index=15&type=chunk) [Provision for Bad Debts](index=8&type=section&id=%E5%A3%9E%E5%B8%B3%E6%BA%96%E5%82%99%E8%A8%88%E6%8F%90%E6%83%85%E6%B3%81) Provision for Bad Debts | Type | Book Balance as of June 30, 2024 (RMB) | Bad Debt Provision (RMB) | Provision Rate (%) | | :--- | :--- | :--- | :--- | | Individually Assessed Bad Debt Provision | 25,896,048.42 | 25,896,048.42 | 100.00 | | Collectively Assessed Bad Debt Provision | 858,150,261.40 | 6,275,885.93 | 0.73 | | Total | 884,046,309.82 | 32,171,934.35 | 3.64 | [Short-term Borrowings](index=9&type=section&id=%E7%9F%AD%E6%9C%9F%E5%80%9F%E6%AC%BE) As of June 30, 2024, the company's total short-term borrowings amounted to RMB 11,009,342.47, a significant decrease from RMB 147,820,497.81 at the end of 2023, primarily consisting of guaranteed borrowings Details of Short-term Borrowings | Item | June 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Guaranteed Borrowings | 11,009,342.47 | 68,068,000.00 | | Credit Borrowings | - | 35,014,006.14 | | Mortgage Borrowings | - | 44,738,491.67 | | Total | 11,009,342.47 | 147,820,497.81 | - The guaranteed borrowing with a principal of **RMB 11 million** in the period-end balance is guaranteed by Zhang Shiquan[17](index=17&type=chunk) [Accounts Payable](index=9&type=section&id=%E6%87%89%E4%BB%98%E8%B3%87%E6%AC%BE) As of June 30, 2024, the company's total accounts payable amounted to RMB 649,855,177.83, largely consistent with the end of 2023, with the highest proportion being within 1 year Aging Distribution of Accounts Payable | Aging | June 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Within 1 year | 622,354,205.97 | 624,256,741.61 | | 1-2 years | 11,217,469.83 | 15,349,059.78 | | 2-3 years | 3,284,307.63 | 4,447,245.72 | | Over 3 years | 12,999,194.40 | 8,411,198.67 | | Total | 649,855,177.83 | 652,464,245.78 | [Long-term Borrowings](index=9&type=section&id=%E9%95%B7%E6%9C%9F%E5%80%9F%E6%AC%BE) As of June 30, 2024, the company had no outstanding long-term borrowings, a significant decrease from RMB 34,836,594.99 at the end of 2023, indicating an optimized debt structure [Details](index=9&type=section&id=%E6%98%8E%E7%B4%B0%E6%83%85%E6%B3%81) Details of Long-term Borrowings | Item | June 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Guaranteed Borrowings | - | 34,836,594.99 | | Total | - | 34,836,594.99 | [Maturity Analysis of Long-term Borrowings](index=9&type=section&id=%E9%95%B7%E6%9C%9F%E5%80%9F%E6%AC%BE%E5%88%B0%E6%9C%9F%E6%97%A5%E5%88%86%E6%9E%90) Maturity Analysis of Long-term Borrowings | Item | June 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Current or within 1 year | - | 25,084,088.74 | | 1-2 years | - | 34,836,594.99 | | Subtotal | - | 59,920,683.73 | | Of which: Long-term borrowings due within 1 year | - | 25,084,088.74 | | Long-term borrowings due after 1 year | - | 34,836,594.99 | [Operating Revenue/Operating Costs](index=9&type=section&id=%E7%87%9F%E6%A5%AD%E6%94%B6%E5%85%A5%2F%E7%87%9F%E6%A5%AD%E6%88%90%E6%9C%AC) During the reporting period, both the company's operating revenue and operating costs achieved significant growth, with a high proportion of main business revenue, fulfilling performance obligations by selling automotive steering gears and accessories with 90-180 day credit terms [Details](index=9&type=section&id=%E6%98%8E%E7%B4%B0%E6%83%85%E6%B3%81) Details of Operating Revenue/Operating Costs | Item | Jan-Jun 2024 Revenue (RMB) | Jan-Jun 2024 Costs (RMB) | Jan-Jun 2023 Revenue (RMB) | Jan-Jun 2023 Costs (RMB) | | :--- | :--- | :--- | :--- | :--- | | Main Business | 1,094,383,091.09 | 896,005,355.79 | 690,871,908.27 | 581,007,543.67 | | Other Businesses | 31,977,884.79 | 7,541,021.04 | 37,076,029.97 | 8,136,084.91 | | Total | 1,126,360,975.88 | 903,546,376.83 | 727,947,938.24 | 589,143,628.58 | [Performance Obligations](index=10&type=section&id=%E5%B1%A5%E7%B4%84%E7%BE%A9%E5%8B%99) - The company, as the principal, sells automotive steering gears and accessories to customers, fulfilling its performance obligations upon product delivery[22](index=22&type=chunk) - Contract prices are granted a credit period of **90-180 days**, with no significant financing components or variable consideration[22](index=22&type=chunk) [Revenue from Contract Liabilities at Beginning of Period](index=10&type=section&id=%E5%90%88%E5%90%8C%E8%B2%A0%E5%82%B5%E6%9C%9F%E5%88%9D%E5%B8%B3%E9%9D%A2%E5%83%B9%E5%80%BC%E4%B8%AD%E7%9A%84%E6%94%B6%E5%85%A5) - Revenue recognized in the current period, included in the book value of contract liabilities at the beginning of the period, amounted to **RMB 8,633,243.54**[22](index=22&type=chunk) [Financial Expenses](index=10&type=section&id=%E8%B2%A1%E5%8B%99%E8%B2%BB%E7%94%A8) During the reporting period, the company's financial expenses significantly decreased by 79.96%, primarily due to reduced interest expenses and increased interest income, while accounts receivable financing discount losses were reported under financial expenses Details of Financial Expenses | Item | Jan-Jun 2024 (RMB) | Jan-Jun 2023 (RMB) | | :--- | :--- | :--- | | Interest Expense | 3,106,646.99 | 4,161,570.62 | | Interest Income | -2,904,013.97 | -946,080.27 | | Exchange Gains and Losses | 30,236.59 | -313,480.53 | | Other | 379,801.78 | 154,798.76 | | Total | 612,671.39 | 3,056,808.58 | - Accounts receivable financing discount losses of **RMB 380,755.41** were reported under "Financial Expenses" in the current period, and comparative data for the prior year was adjusted accordingly[23](index=23&type=chunk) [Income Tax Expense](index=10&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E8%B2%BB%E7%94%A8) During the reporting period, the company's income tax expense was negative, primarily due to an increase in deferred income tax expense, reflecting the impact of deductible temporary differences Details of Income Tax Expense | Item | Jan-Jun 2024 (RMB) | Jan-Jun 2023 (RMB) | | :--- | :--- | :--- | | Deferred Income Tax Expense | -3,086,485.99 | -783,999.06 | | Total | -3,086,485.99 | -783,999.06 | - During the reporting period, neither the company nor its subsidiaries generated or derived profits in Hong Kong, thus no Hong Kong profits tax was payable[24](index=24&type=chunk) [Earnings Per Share](index=11&type=section&id=%E6%AF%8F%E8%82%A1%E6%94%B6%E7%9B%8A) During the reporting period, both the company's basic and diluted earnings per share were RMB 0.0830/share, a significant increase from RMB 0.0251/share in the prior corresponding period, reflecting a substantial improvement in net profit Earnings Per Share Calculation | Item | Jan-Jun 2024 (RMB) | Jan-Jun 2023 (RMB) | | :--- | :--- | :--- | | Net Profit Attributable to Ordinary Shareholders of the Company | 66,887,755.99 | 19,837,169.51 | | Weighted Average Number of Ordinary Shares Outstanding | 806,138,510 | 789,644,637.00 | | Basic Earnings Per Share (RMB/share) | 0.0830 | 0.0251 | | Diluted Earnings Per Share (RMB/share) | 0.0830 | 0.0251 | - During the current period, the company had no dilutive potential ordinary shares[25](index=25&type=chunk) [Other Matters](index=11&type=section&id=%E5%85%B6%E4%BB%96%E4%BA%8B%E9%A0%85) This section discloses that the company does not require detailed segment reporting, provides depreciation and amortization expenses, non-recurring gains and losses, net current assets, significant commitments, and post-balance sheet events, offering supplementary information on the company's operations and financial position [Segment Reporting - Operating Segments](index=11&type=section&id=%E5%88%86%E9%83%A8%E5%A0%B1%E5%91%8A%20-%20%E7%B6%93%E7%87%9F%E5%88%86%E9%83%A8) - The operations and assets of the company and its subsidiaries are all related to automotive steering systems and accessories, concentrated domestically, with **94.82%** of operating revenue derived from domestic sales, thus no more detailed segment information is required[26](index=26&type=chunk) [Depreciation and Amortization Expenses](index=11&type=section&id=%E6%8A%98%E8%88%8A%E5%8F%8A%E6%攤%E9%8A%B7%E8%B2%BB%E7%94%A8) Depreciation and Amortization Expenses | Item | Jan-Jun 2024 (RMB) | Jan-Jun 2023 (RMB) | | :--- | :--- | :--- | | Depreciation of fixed assets, depletion of oil and gas assets, depreciation of productive biological assets | 44,128,391.80 | 42,218,939.25 | | Amortization of intangible assets | 2,346,599.60 | 2,047,579.31 | | Total | 46,474,991.40 | 44,266,518.56 | [Non-recurring Gains and Losses Items and Amounts](index=12&type=section&id=%E9%9D%9E%E7%B6%93%E5%B8%B8%E6%80%A7%E6%90%8D%E7%9B%8A%E9%A0%85%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A1%8D) Net Non-recurring Gains and Losses Attributable to Parent Company Owners | Item | Amount (RMB) | | :--- | :--- | | Gains or losses on disposal of non-current assets | -1,909,788.36 | | Government grants recognized in current profit or loss | 2,645,763.42 | | Gains or losses from changes in fair value and disposal of financial assets and liabilities | 1,177,184.76 | | Reversal of impairment provisions for accounts receivable subject to individual impairment testing | 231,246.46 | | Other non-operating income and expenses apart from the above | 196,649.87 | | Net Non-recurring Gains and Losses Attributable to Parent Company Owners | 2,890,307.13 | [Net Current Assets and Total Assets Less Current Liabilities](index=12&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E7%94%A2%E6%B7%A8%E5%80%BC%E5%8F%8A%E7%B8%BD%E8%B3%87%E7%94%A2%E6%B8%9B%E6%B5%81%E5%8B%95%E8%B2%A0%E5%82%B5) Net Current Assets and Total Assets Less Current Liabilities | Item | June 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Net Current Assets | 948,915,537.13 | 558,924,559.83 | | Total Assets Less Current Liabilities | 1,910,825,201.76 | 1,527,444,754.65 | [Significant Commitments](index=12&type=section&id=%E9%87%8D%E5%A4%A7%E6%89%BF%E8%AB%BE%E4%BA%8B%E9%A0%85) Significant Asset Acquisition Contracts Signed but Not Yet Recognized | Item | June 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Significant asset acquisition contracts signed but not yet recognized | 106,644,551.67 | 68,354,203.08 | [Post-Balance Sheet Events](index=12&type=section&id=%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) - As of the date of this announcement, there are no post-balance sheet events[32](index=32&type=chunk) [V. Interim Dividend](index=13&type=section&id=V%E3%80%81%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The company plans not to declare an interim dividend for the six months ended June 30, 2024, consistent with the prior corresponding period - The company plans not to declare an interim dividend for the six months ended June 30, 2024 (June 30, 2023: nil)[33](index=33&type=chunk) [VI. Management Discussion and Analysis](index=13&type=section&id=VI%E3%80%81%E7%B6%93%E7%87%9F%E6%83%85%E6%B3%81%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) This section provides an in-depth analysis of the overall performance of China's automotive industry and discusses the company's operating results, asset and liability status, significant acquisitions and disposals, foreign currency risks, and contingent liabilities, comprehensively presenting the company's operational dynamics and financial health during the reporting period [Review of China's Automotive Industry](index=13&type=section&id=%E4%B8%AD%E5%9C%8B%E6%B1%BD%E8%BB%8A%E8%A1%8C%E6%A5%AD%E5%9B%9E%E9%A1%A7) From January to June 2024, China's automotive production and sales increased year-on-year, with new energy vehicles and Chinese brand passenger vehicles performing exceptionally well, providing a favorable market environment for the company's electrified and intelligent steering system products China Automotive Industry Production and Sales Data, Jan-Jun 2024 | Item | Production (ten thousand units) | Sales (ten thousand units) | YoY Growth (Production) | YoY Growth (Sales) | | :--- | :--- | :--- | :--- | :--- | | Overall Automotive | 1,389.10 | 1,404.70 | 4.90% | 6.10% | | Passenger Vehicles | 1,188.60 | 1,197.90 | 5.40% | 6.30% | | Commercial Vehicles | 200.50 | 206.80 | 2.00% | 4.90% | | New Energy Vehicles | 492.90 | 494.40 | 30.10% | 32.00% | - Sales of Chinese brand passenger vehicles reached **7.419 million units**, a year-on-year increase of **23.90%**, with continuous market share growth[34](index=34&type=chunk) [Analysis of Main Business Operations](index=13&type=section&id=%E4%B8%BB%E7%87%9F%E6%A5%AD%E5%8B%99%E5%88%86%E6%9E%90) During the reporting period, the company's main business benefited from the trend of automotive electrification and intelligence, with operating revenue increasing by 54.73% year-on-year and net profit attributable to parent company owners increasing by 237.18%, alongside improved gross profit margin, reduced expense ratios, and significantly better cash flow [Overview](index=13&type=section&id=%E6%A6%82%E8%BF%B0) - The company's sales of electrified and intelligent steering system products grew significantly, achieving operating revenue of **RMB 1,126,360,975.88**, a year-on-year increase of **54.73%**[35](index=35&type=chunk) - The gross profit margin for the main business was **18.13%** (prior corresponding period: 15.90%), an increase of **2.23 percentage points**, mainly due to expanded product sales and improved production costs[35](index=35&type=chunk) - Selling expenses increased by **22.31%** year-on-year, but their proportion to operating revenue decreased by **0.52 percentage points** to **1.95%**[35](index=35&type=chunk) - Administrative expenses increased by **35.20%** year-on-year, but their proportion to operating revenue decreased by **0.79 percentage points** to **5.50%**[36](index=36&type=chunk) - R&D expenses increased by **28.21%** year-on-year, with their proportion to operating revenue decreasing by **1.18 percentage points** to **5.72%**, primarily invested in core technological areas such as steering electrification, intelligence, and automation[36](index=36&type=chunk) - Financial expenses decreased by **79.96%** year-on-year, mainly due to reduced interest expenses and increased interest income[36](index=36&type=chunk) - Net profit attributable to shareholders of the listed company was **RMB 66,887,755.99**, a year-on-year increase of **237.18%**[36](index=36&type=chunk) - Net cash flow from operating activities was **RMB 15,607,460.23**, a year-on-year increase of **125.21%**, primarily due to increased cash received from product sales[36](index=36&type=chunk) - Net cash flow from financing activities increased by **603.52%** year-on-year, mainly due to the proceeds from shares issued to specific investors received in the current period[36](index=36&type=chunk) [Composition of Operating Revenue](index=15&type=section&id=%E7%87%9F%E6%A5%AD%E6%94%B6%E5%85%A5%E6%A7%8B%E6%88%90) Composition of Operating Revenue | Item | Jan-Jun 2024 Amount (RMB) | Proportion of Operating Revenue | Jan-Jun 2023 Amount (RMB) | Proportion of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,126,360,975.88 | 100% | 727,947,938.24 | 100% | 54.73% | | **By Industry** | | | | | | | Automotive Parts and Accessories Manufacturing | 1,094,383,091.09 | 97.16% | 690,871,908.27 | 94.91% | 58.41% | | Other | 31,977,884.79 | 2.84% | 37,076,029.97 | 5.09% | -13.75% | | **By Product** | | | | | | | Steering Systems and Components | 1,051,178,321.64 | 93.33% | 660,865,069.26 | 90.79% | 59.06% | | Accessories and Other | 43,204,769.45 | 3.83% | 30,006,839.01 | 4.12% | 43.98% | | Other | 31,977,884.79 | 2.84% | 37,076,029.97 | 5.09% | -13.75% | | **By Region** | | | | | | | Mainland China | 1,068,057,380.88 | 94.82% | 678,107,444.44 | 93.15% | 57.51% | | Outside Mainland China | 58,303,595.00 | 5.18% | 49,840,493.80 | 6.85% | 16.98% | [Industry and Product Information Accounting for Over 10% of the Company's Operating Revenue or Operating Profit](index=15&type=section&id=%E4%BD%94%E5%85%AC%E5%8F%B8%E7%87%9F%E6%A5%AD%E6%94%B6%E5%85%A5%E6%88%96%E7%87%9F%E6%A5%AD%E5%88%A9%E6%BD%A410%25%E4%BB%A5%E4%B8%8A%E7%9A%84%E8%A1%8C%E6%A5%AD%E3%80%81%E7%94%A2%E5%93%81%E6%83%85%E6%B3%81) Operating Performance by Main Industry, Product, and Region | Item | Operating Revenue (RMB) | Operating Costs (RMB) | Gross Profit Margin | YoY Change in Operating Revenue | YoY Change in Operating Costs | YoY Change in Gross Profit Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **By Industry** | | | | | | | | Automotive Parts and Accessories Manufacturing | 1,094,383,091.09 | 896,005,355.79 | 18.13% | 58.41% | 54.22% | 2.23% | | **By Product** | | | | | | | | Steering Systems and Components | 1,051,178,321.64 | 865,214,400.29 | 17.69% | 59.06% | 55.15% | 2.07% | | **By Region** | | | | | | | | Mainland China | 1,068,057,380.88 | 876,334,409.81 | 17.95% | 57.51% | 55.38% | 1.12% | [Analysis of Assets and Liabilities](index=16&type=section&id=%E8%B3%87%E7%94%A2%E5%8F%8A%E8%B2%A0%E5%82%B5%E7%8B%80%E6%B3%81%E5%88%86%E6%9E%90) At the end of the reporting period, the company's asset composition remained stable, with an increase in the proportion of monetary funds, financial assets held for trading, and accounts receivable to total assets; total loans and borrowings significantly decreased, and the capital-to-debt ratio turned negative, indicating a substantial reduction in financial leverage and a healthy capital structure [Significant Changes in Asset Composition](index=16&type=section&id=%E8%B3%87%E7%94%A2%E6%A7%8B%E6%88%90%E9%87%8D%E5%A4%A7%E8%AE%8A%E5%8B%95%E6%83%85%E6%B3%81) Changes in Asset Composition | Item | June 30, 2024 Amount (RMB) | Proportion of Total Assets | December 31, 2023 Amount (RMB) | Proportion of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 234,924,473.35 | 8.49% | 158,481,484.94 | 5.98% | 2.51% | | Financial Assets Held for Trading | 152,710,470.24 | 5.52% | 110,253,432.83 | 4.16% | 1.36% | | Accounts Receivable | 851,874,375.47 | 30.79% | 717,577,606.43 | 27.07% | 3.72% | | Inventories | 484,119,674.51 | 17.50% | 478,208,228.06 | 18.04% | -0.54% | | Investment Properties | 179,342,487.15 | 6.48% | 181,278,705.33 | 6.84% | -0.36% | | Fixed Assets | 654,142,565.83 | 23.64% | 682,550,682.51 | 25.75% | -2.11% | | Accounts Payable | 649,855,177.83 | 23.49% | 652,464,245.78 | 24.61% | -1.12% | - At the end of the reporting period, there were no significant changes in the company's asset composition, but the proportion of monetary funds, financial assets held for trading, and accounts receivable to total assets increased[41](index=41&type=chunk) [Assets and Liabilities Measured at Fair Value](index=16&type=section&id=%E4%BB%A5%E5%85%AC%E5%85%81%E5%83%B9%E5%80%BC%E8%A8%88%E9%87%8F%E7%9A%84%E8%B3%87%E7%94%A2%E5%92%8C%E8%B2%A0%E5%82%B5) Financial Assets Measured at Fair Value | Item | Beginning Balance (RMB) | Fair Value Change Gains/Losses for the Period (RMB) | Ending Balance (RMB) | | :--- | :--- | :--- | :--- | | Financial Assets Held for Trading | 2,843,387.88 | -132,917.64 | 2,710,470.24 | | Bank Short-term Wealth Management Products | 107,410,044.95 | - | 150,000,000.00 | | Accounts Receivable Financing | 199,966,034.43 | - | 64,178,065.25 | | Subtotal of Financial Assets | 310,219,467.26 | -132,917.64 | 216,888,535.49 | [Asset Rights Restrictions as of the End of the Reporting Period](index=17&type=section&id=%E6%88%AA%E8%87%B3%E5%A0%B1%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%9A%84%E8%B3%87%E7%94%A2%E6%AC%8A%E5%88%A9%E5%8F%97%E9%99%90%E6%83%85%E6%B3%81) Assets with Restricted Ownership or Use Rights | Item | Period-end Book Value (RMB) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 1,247.78 | Long-dormant Account Deposits | | Monetary Funds | 15,000.00 | ETC Frozen Funds | | Monetary Funds | 22,996,676.45 | Bill Pool Margin | | Accounts Receivable Financing | 2,322,155.69 | Bill Pool Pledge | | Fixed Assets | 41,865,724.14 | Borrowing and Comprehensive Credit Mortgage | | Intangible Assets | 19,493,046.27 | Borrowing and Comprehensive Credit Mortgage | | Total | 86,693,850.33 | | [Financial Resources and Capital Structure](index=17&type=section&id=%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90%E5%8F%8A%E8%B3%87%E6%9C%AC%E7%B5%90%E6%A7%8B) - At the end of the reporting period, the company's total loans and borrowings amounted to **RMB 11,000,000.00**, a decrease of **RMB 196,540,000.00** from the beginning of the year, mainly due to reductions in guaranteed borrowings, mortgage borrowings, and credit borrowings[44](index=44&type=chunk) - The company's capital-to-debt ratio was **-11.98%** (December 31, 2023: 5.69%), indicating a significant reduction in the company's financial leverage[44](index=44&type=chunk) [Significant Acquisitions and Disposals](index=17&type=section&id=%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE) During the review period, the Group had no significant acquisitions or disposals of subsidiaries and associates - During the review period, the Group had no significant acquisitions or disposals of subsidiaries and associates[45](index=45&type=chunk) [Foreign Currency Risk](index=17&type=section&id=%E5%A4%96%E5%B9%A3%E9%A2%A8%E9%9A%AA) The Group's sales and purchases are primarily denominated in RMB, thus it is not exposed to significant foreign currency risk and has not entered into any hedging arrangements - The Group's sales and purchases are primarily denominated in RMB, with no significant foreign currency risk exposure[46](index=46&type=chunk) - The Group has not entered into any hedging arrangements[46](index=46&type=chunk) [Contingent Liabilities](index=17&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) As of the end of the reporting period, the Group had no significant contingent liabilities - As of the end of the reporting period, the Group had no significant contingent liabilities[47](index=47&type=chunk) [VII. Future Outlook](index=18&type=section&id=VII%E3%80%81%E6%9C%AA%E4%BE%86%E5%B1%95%E6%9C%9B) The company anticipates the automotive market will benefit from favorable policies in the second half of the year and will continue to focus on its core business, promoting the marketization of electrified and intelligent automotive steering system products to support advanced autonomous driving and localization of components, thereby maintaining its competitive advantage - From January to June 2024, the automotive industry experienced overall growth, with new energy vehicle production and sales maintaining rapid growth, and Chinese brand passenger vehicles exceeding **60%** market share, driving significant sales growth for the company's electrified and intelligent steering system products[48](index=48&type=chunk) - The company's independently developed Rack-Assist Electric Power Steering (R-EPS) system has achieved mass production[48](index=48&type=chunk) - In the second half of the year, favorable policies such as trade-in programs and new energy vehicles going to rural areas will further unleash the consumption potential of the automotive market[48](index=48&type=chunk) - The company will continue to focus on its main business, promoting the marketization of electrified and intelligent automotive steering system products to support advanced autonomous driving and localization of automotive components[48](index=48&type=chunk) [VIII. Corporate Governance](index=18&type=section&id=VIII%E3%80%81%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) During the reporting period, the company generally complied with the HKEX Corporate Governance Code, with a deviation from Rule C.1.8 regarding directors' liability insurance, which the Board will review periodically - The company complied with most provisions of Appendix C1 'Corporate Governance Code' of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[49](index=49&type=chunk) - Deviation from Code Provision C.1.8: no liability insurance was purchased for directors and senior officers due to the company's stable financial position and sound internal control system[49](index=49&type=chunk) - The Board will review the need for insurance coverage from time to time[49](index=49&type=chunk) [IX. Purchase, Sale or Redemption of the Company's Listed Securities](index=18&type=section&id=IX%E3%80%81%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) During the review period, neither the company nor its subsidiaries purchased, sold, or redeemed any of the company's listed securities - During the review period, neither the company nor its subsidiaries purchased, sold, or redeemed any of the company's listed securities[50](index=50&type=chunk)

1、本次股东会无否决提案的情形。 证券代码：002703 证券简称：浙江世宝 公告编码：2024-050 浙江世宝股份有限公司 2024 年第二次临时股东会决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 特别提示： 2、本次股东会未涉及变更以往股东会已通过的决议。 3、召开本次股东会的通知于 2024 年 7 月 1 日刊登在《证券时报》、巨潮资 讯网（www.cninfo.com.cn）。 一、会议召开和出席情况 1、会议召开情况 浙江世宝股份有限公司（以下简称"公司"）2024 年第二次临时股东会（以 下简称"本次股东会"）以现场会议和网络投票相结合的方式召开。 现场会议于 2024 年 7 月 24 日 14:00 在浙江省杭州市经济技术开发区 17 号 大街 6 号办公大楼三楼会议室以记名投票表决方式召开。 网络投票:通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 7 月 24 日的交易时间，即 9:15—9:25，9:30—11:30 和 13:00—15:00；通过深圳 证券交易所互联网投票系统投票的时间为 2024 年 7 月 ...

证券代码：002703 证券简称：浙江世宝 公告编码：2024-047 浙江世宝股份有限公司 关于修订《公司章程》及相关附件的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 《浙江世宝股份有限公司章程及相关附件主要内容修订对照表》已于同日在 巨潮资讯网(http://www.cninfo.com.cn)上披露，敬请广大投资者查阅。 三、备查文件 公司第八届董事会书面议案决议。 特此公告。 浙江世宝股份有限公司董事会 2024 年 7 月 1 日 1 浙江世宝股份有限公司（以下简称"浙江世宝"或"公司"）第八届董事会 于 2024 年 6 月 28 日以书面议案的方式形成决议，审议并通过了《修订〈浙江世 宝股份有限公司章程〉及相关附件的议案》，具体情况如下： 一、修订《公司章程》及相关附件的说明 根据《上市公司章程指引（2023 年修订）》、《上市公司证券发行注册管理办 法》、《上市公司监管指引第 3 号——上市公司现金分红》、《香港联合交易所有 限公司证券上市规则》等规定，公司拟对现行《浙江世宝股份有限公司章程》（以 下简称"《公司章程》"）相应条款进行修订 ...