Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 6,082,391 thousand, representing a 13.9% increase from RMB 5,340,830 thousand in 2023[7]. - The net profit attributable to shareholders for the year was RMB 38,135 thousand, compared to RMB 41,093 thousand in the previous year, indicating a slight decrease of 4.8%[7]. - In 2024, the company recorded total sales of approximately RMB 6.08239 billion, an increase of about 13.88% compared to RMB 5.34083 billion in 2023, primarily driven by increased sales of range extenders[13]. - The group recorded a profit attributable to shareholders of approximately RMB 38.17 million for the year ended December 31, 2024, compared to RMB 41.07 million for the year ended December 31, 2023, representing a decrease of about 7.0%[25]. - The group's pre-tax profit for 2024 was approximately RMB 42.38 million, down from RMB 48.52 million in 2023, indicating a decline of about 12.5%[24]. - Income tax expenses decreased by approximately 43.48% from RMB 7.44 million in 2023 to RMB 4.21 million in 2024 due to a reduction in deferred tax items recognized during the reporting period[25]. - The gross profit margin decreased from approximately 3.29% in 2023 to about 3.02% in 2024, primarily due to the increased proportion of lower-margin range extender sales[19]. - The total sales cost for 2024 was approximately RMB 5.89883 billion, an increase of about 14.21% from RMB 5.16496 billion in 2023, attributed to the rise in range extender sales[18]. Market Trends and Demand - The total sales volume of NEVs (New Energy Vehicles) in China increased by 35.5% to 12.87 million units, accounting for approximately 40.9% of total vehicle sales in 2024[8]. - The demand for plug-in hybrid vehicles surged by 83.3% to 5.14 million units, with their market share within NEVs rising to 40%[10]. - The market for commercial vehicles in 2024 is estimated to be around 4 million units, with new energy commercial vehicles accounting for approximately 15% to 20%, or 600,000 to 800,000 units[11]. - In 2024, China's automobile production and sales exceeded 31 million units, setting a new historical high, with NEV sales reaching 12.88 million units, a year-on-year increase of 34.4%[51]. Strategic Plans and Growth - The company plans to expand its presence in the NEV market through acquisitions and strategic partnerships, leveraging the growth momentum in the sector[9]. - The company is actively exploring potential mergers and acquisitions to expand its product portfolio and strengthen core competitiveness[15]. - The company aims to expand its product portfolio and strengthen market share through technological enhancements and new product development[51]. - The company is focused on developing high-performance engines and powertrains to meet existing customer demands and explore potential new markets[51]. Assets and Liabilities - Non-current assets decreased to RMB 2,248,001 thousand from RMB 2,488,630 thousand in 2023, reflecting a decline of 9.7%[7]. - Current assets increased to RMB 3,229,708 thousand, up from RMB 3,012,473 thousand in 2023, marking a growth of 7.2%[7]. - The total liabilities of the company slightly decreased, with current liabilities at RMB 3,293,002 thousand compared to RMB 3,308,163 thousand in 2023[7]. - The total assets of the group as of December 31, 2024, were approximately RMB 5.47771 billion, a slight decrease from RMB 5.50110 billion as of December 31, 2023[27]. - The debt-to-equity ratio as of December 31, 2024, was approximately 2.12, down from 2.21 as of December 31, 2023, indicating a reduction in lease liabilities during the reporting period[30]. Employee and Management - The group employed approximately 1,002 employees as of December 31, 2024, an increase from approximately 964 employees as of December 31, 2023[33]. - The company emphasizes the importance of employee development through tailored talent development plans and a performance-oriented compensation system[56]. - The company has a strong management team with extensive experience in finance and automotive industries, enhancing its operational capabilities[44][45]. Governance and Compliance - The company has complied with all relevant laws and regulations in China and Hong Kong as of December 31, 2024[55]. - The company has maintained compliance with all provisions of the Corporate Governance Code during the fiscal year ending December 31, 2024[113]. - The board of directors is responsible for the strategic direction and oversight of the company, aiming to enhance shareholder value[115]. - The company has established internal control procedures that are deemed effective by the independent non-executive directors[105]. - The independent non-executive directors have confirmed their independence in accordance with the listing rules, ensuring compliance with governance standards[123]. Environmental and Social Responsibility - The environmental, social, and governance report covers operations from January 1, 2024, to December 31, 2024, with a focus on sustainable development[187]. - The company has complied with all relevant laws and regulations related to health, safety, and the environment[188]. - The company reported a total of 26,317.86 tons of carbon dioxide (CO2) equivalent greenhouse gas emissions for the year 2024, with a density of 1.49 tons of CO2 equivalent per unit of production[193]. - The total hazardous waste generated by the company was 53.23 tons, equating to 0.003 tons per unit of production[194]. - The company aims to meet national environmental protection standards for air, wastewater, and noise pollutants, with measures in place to reduce emissions by 95% for certain pollutants[195]. Shareholder Information - The company has proposed a final dividend of HKD 0.97 per share for the year ending December 31, 2024, compared to no dividend for the previous year[61]. - Major shareholders include Huachen Investment Holdings, Xin Hua Investment Holdings, and Pusch Group, each holding 400,000,000 shares, representing approximately 31.20% of the total issued shares as of December 31, 2024[77][81]. - The company will hold its annual general meeting on June 20, 2024, and a special general meeting on December 20, 2024, to address shareholder inquiries[178]. Risk Management - The company has identified financial risks related to interest rates and liquidity, but does not face foreign currency exchange risks due to the absence of foreign currency loans[50]. - The company has established risk management policies to assess and manage potential risks affecting its operations[149]. - The company has implemented a whistleblowing policy to enhance oversight and management effectiveness[160].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 6,082,391,000, an increase of 13.9% from RMB 5,340,830,000 in 2023[2] - Gross profit for the same period was RMB 183,557,000, reflecting a growth of 4.8% compared to RMB 175,866,000 in the previous year[2] - The net profit for the year was RMB 38,171,000, down 7.0% from RMB 41,071,000 in 2023[2] - The company reported a total comprehensive income of RMB 38,135,000 for the year, compared to RMB 41,093,000 in the previous year[4] - The basic and diluted earnings per share for the year were RMB 0.030, down from RMB 0.032 in 2023[4] - The pre-tax profit for 2024 was RMB 42,378,000, down from RMB 48,515,000 in 2023, indicating a decrease of about 12.5%[34] - The group recorded a pre-tax profit of approximately RMB 42.38 million in 2024, down from RMB 48.52 million in 2023[69] Assets and Liabilities - The company’s total assets as of December 31, 2024, were RMB 5,413,715,000, a slight decrease from RMB 5,500,803,000 in 2023[6] - Current liabilities amounted to RMB 3,293,002,000, compared to RMB 3,308,163,000 in the previous year, indicating a reduction in short-term obligations[8] - The group’s total liabilities have increased from RMB 1,083,000,000 in 2023 to RMB 1,200,000,000 in 2024, representing a growth of approximately 10.8%[48] - The company’s total borrowings, including bank and other loans, amount to RMB 602,904,000 in 2024, compared to RMB 550,824,000 in 2023, indicating an increase of about 9.5%[48] - The company’s lease liabilities have decreased from RMB 537,834,000 in 2023 to RMB 399,942,000 in 2024, indicating a decline of approximately 25.7%[47] - The debt-to-equity ratio is approximately 2.12, down from 2.21 as of December 31, 2023, primarily due to a reduction in lease liabilities[75] - The asset-liability ratio is approximately 34.37% as of December 31, 2024, compared to 35.01% as of December 31, 2023, mainly due to an increase in equity attributable to the owners[75] Cash Flow and Liquidity - The company’s cash and cash equivalents increased to RMB 85,570,000 from RMB 23,839,000 in 2023, showing improved liquidity[6] - The company believes it has sufficient financial resources to meet its financial obligations for the foreseeable future, based on cash flow forecasts covering a one-year period from the date of approval of the financial statements[16] - The company plans to monitor production activities to meet forecasted output and sales, implement cost control measures, and seek other feasible financial arrangements to improve liquidity[17] - The income tax expense for 2024 was RMB 4,207,000, a decrease from RMB 7,444,000 in 2023, indicating a reduction of approximately 43%[34] Revenue Breakdown - The total revenue from external customers for the year ended December 31, 2024, was RMB 6,082,391,000, with gasoline engines contributing RMB 5,281,673,000, diesel engines RMB 114,640,000, and engine parts RMB 686,078,000[19] - Major customer revenue for 2024 includes Customer A at RMB 5,046,531,000, a significant increase from RMB 1,392,114,000 in 2023[26] - The engine business segment saw a revenue increase of approximately 16.02%, rising from RMB 46.5114 billion in 2023 to RMB 53.9631 billion in 2024, with engine sales increasing by about 24.46% to approximately 519,000 units[64] Expenses and Costs - The total sales and distribution expenses for the year were RMB 20,290,000, reflecting the company's cost management efforts[20] - The financing costs decreased to RMB 47,749,000 in 2024 from RMB 57,309,000 in 2023, indicating a reduction of approximately 16%[30] - Total employee costs increased to RMB 145,763,000 in 2024 from RMB 138,173,000 in 2023, representing a rise of approximately 5.5%[35] - The total depreciation and amortization expenses for the year were RMB 277,781,000, compared to RMB 265,278,000 in the previous year, marking an increase of about 4.7%[35] Market Outlook - In 2024, the total vehicle sales in China are projected to reach approximately 31.4 million units, representing a year-on-year growth of 4.5%[52] - New Energy Vehicle (NEV) sales are anticipated to rise by 35.5% to 12.87 million units, accounting for approximately 40.9% of total vehicle sales in 2024[52] - The NEV market is expected to continue its rapid growth, with projections indicating that NEV sales could account for half of total vehicle sales by 2025 or earlier[53] - The commercial vehicle market is projected to have total sales of around 4 million units in 2024, with new energy commercial vehicles expected to account for 15% to 20% of that, representing a significant growth opportunity[57] Strategic Initiatives - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming fiscal year[2] - The company has allocated resources towards research and development for new technologies to drive future growth[2] - The company aims to capture growth opportunities through acquisitions or collaborations within the automotive industry[53] - The group plans to continue exploring potential acquisition opportunities and partnerships to enhance its product portfolio and core competitiveness[62] Corporate Governance - The company has maintained compliance with all corporate governance codes as of December 31, 2024[89] - The auditors have agreed that the preliminary announcement aligns with the consolidated financial statements for the year ending December 31, 2024[91] - The audit committee has reviewed the accounting principles and practices used by the group, discussing matters related to auditing, internal controls, and financial reporting for the year ending December 31, 2024[92]

POWER XINCHEN 新 를 司 刀 XINCHEN CHINA POWER HOLDINGS LIMITED 新晨中國動力控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號：1148 中期報告 20 業績 第7至24頁之附註為本中期報告一部分。 新晨中國動力控股有限公司（「本公司」）董事會（「董事會」）呈報本公司及其附屬公司（統稱為「本集團」） 截至二零二四年六月三十日止六個月之未經審核綜合中期財務業績連同比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |---------------------------|-------|------------------------------------------------|-------------------------| | | | 截至以下日期止六個月 \n二零二四年 \n六月三十日 | 二零二三年 \n六月三十日 | | | 附註 | 人民幣千元 | 人民幣千元 | | | | （未經審核） | （未經審核） | | 收益 銷售成本 | 4 | 2,619 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 佈 全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1 XINCHEN CHINA POWER HOLDINGS LIMITED 新晨中國動力控股有限公 司 （於開曼群島註冊成立的有限公 司） （股份代 號：1148） 截至二零二四年六月三十日止六個月之 未經審核中期業績公佈 新 晨 中 國 動 力 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」）公 佈 本 公 司 及 其 附 屬 公 司（ 統 稱 為「本集團」）截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 未 經 審 核 綜 合 中 期 財 務 業 績 如 下： 簡明綜合損益及其他全面收益表 截至二零二四年六月三十日止六個月 | --- | --- | |-----------------------|-----------------------| | | | | 2,619,532 | 2,249,808 | ...

Financial Performance - The company recorded a profit before tax of approximately RMB 48.52 million in 2023, compared to a loss of approximately RMB 110.73 million in 2022[13]. - The net profit attributable to the owners of the company for 2023 was approximately RMB 41.07 million, a significant improvement from a net loss of approximately RMB 115.83 million in 2022[14]. - Basic earnings per share for 2023 were approximately RMB 0.032, compared to a basic loss per share of approximately RMB 0.09 in 2022[14]. - The overall cost of sales for 2023 was approximately RMB 5.16496 billion, a 233.20% increase from about RMB 1.55009 billion in 2022, attributed to increased sales of range extenders[80]. - The company recorded a total consolidated sales of approximately RMB 5.34083 billion in 2023, an increase of about 223.20% compared to RMB 1.65248 billion in 2022, primarily due to increased sales of range extenders[80]. Assets and Liabilities - As of December 31, 2023, the total assets of the group were approximately RMB 5.5011 billion, an increase from RMB 4.1561 billion as of December 31, 2022[16]. - The group's cash and cash equivalents as of December 31, 2023, were approximately RMB 23.84 million, down from RMB 59.06 million as of December 31, 2022[15]. - The debt-to-equity ratio as of December 31, 2023, was approximately 2.21, up from 1.48 as of December 31, 2022, primarily due to increased payables related to the purchase of enhancers[20]. - The capital commitments of the group as of December 31, 2023, were approximately RMB 127.28 million, a decrease from RMB 350.73 million as of December 31, 2022[24]. Workforce and Employment - The group employed approximately 964 employees as of December 31, 2023, down from approximately 998 employees as of December 31, 2022[23]. Leadership and Governance - The company has over 29 years of experience in the automotive industry, focusing on overall strategic planning and business development[27]. - The new CEO has over 23 years of experience in the automotive sector, previously serving as General Manager of a subsidiary[28]. - The company has appointed a new non-executive director with extensive experience in the aviation and automotive industries[29]. - The independent non-executive director has been involved in various academic and professional roles, contributing to financial management and auditing[31]. - The company is actively expanding its leadership team with experienced professionals to enhance strategic direction and operational efficiency[27][28][29]. Research and Development - The company has a strong focus on research and development in new technologies to drive future growth[31]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency and sustainability[41]. - The company is committed to enhancing R&D capabilities and broadening product models to keep pace with automotive market advancements[54]. Market Expansion and Strategy - The company is exploring market expansion opportunities to increase its competitive edge in the automotive sector[28]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[35]. - Market expansion plans include entering three new international markets by the end of the fiscal year, targeting a 10% increase in global market share[43]. - The company has completed a strategic acquisition of a competitor, which is expected to increase annual revenue by approximately $20 million[42]. - New product lines are set to launch in Q3 2024, with anticipated sales contributing an additional 5% to overall revenue[40]. Customer and Product Performance - Customer satisfaction ratings improved to 90%, reflecting the success of recent quality management initiatives[38]. - The company achieved a 30% increase in production efficiency through recent operational improvements[39]. - The engine business segment recorded a revenue increase of approximately 358.17%, rising from about RMB 1.01515 billion in 2022 to approximately RMB 4.65114 billion in 2023[75]. - Engine sales increased by approximately 382.08%, from about 86,500 units in 2022 to approximately 417,000 units in 2023, primarily due to increased sales of range extenders[75]. Compliance and Regulations - The company has complied with all relevant environmental protection laws and regulations, establishing necessary facilities for waste disposal and environmental protection[57]. - The company has maintained compliance with all relevant laws and regulations in China and Hong Kong as of December 31, 2023[58]. - The independent non-executive directors confirmed that the internal control procedures are effective and that the related party transactions are fair and reasonable[140]. - The company has complied with the disclosure requirements under Chapter 14A of the Listing Rules[143]. Related Party Transactions - The actual monetary value of related party transactions for the fiscal year ending December 31, 2023, includes procurement of engine components from Huachen China and its subsidiaries amounting to RMB 2,784,000[126]. - Sales of engines and engine components to Huachen China and its subsidiaries totaled RMB 27,000 for the same fiscal year[126]. - The procurement from Wuliangye and its subsidiaries, including Xinhua Internal Combustion Engine, amounted to RMB 55,618,000[126]. Corporate Governance - The company has established corporate governance practices to align with the corporate governance code[149]. - The board consists of eight members: two executive directors, two non-executive directors, and four independent non-executive directors, meeting the minimum requirements under listing rules[159]. - The average attendance rate of the board of directors was 98% in 2023, with all independent non-executive directors achieving 100% attendance[156]. - The company held five board meetings in 2023, with several matters approved through written resolutions[156].

Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of RMB 5,340,830,000, a significant increase from RMB 1,652,481,000 in the previous year, representing a growth of approximately 223%[11] - The gross profit for the same period was RMB 175,866,000, compared to RMB 102,392,000 in the prior year, indicating a year-over-year increase of about 72%[11] - The company recorded a net profit of RMB 41,071,000 for the year, a recovery from a net loss of RMB 115,829,000 in the previous year[11] - Other income rose to RMB 50,591,000, up from RMB 24,978,000, reflecting an increase of approximately 103%[11] - The total comprehensive income for the year was RMB 41,093,000, compared to a loss of RMB 115,690,000 in the previous year, marking a significant turnaround[12] - The company reported a pre-tax profit of RMB 48,515,000 in 2023, a significant improvement from a loss of RMB 110,731,000 in 2022[79] - The profit attributable to the owners of the company for 2023 was approximately RMB 41.07 million, while the net loss for the year ended December 31, 2022, was approximately RMB 115.83 million[134] Revenue Breakdown - Total revenue from external customers reached RMB 5,340,830 thousand, with segment revenue contributions of RMB 4,556,025 thousand from gasoline engines, RMB 95,117 thousand from diesel engines, and RMB 689,688 thousand from engine components[25] - Customer A generated revenue of RMB 2,926,932 thousand in 2023, a significant increase from RMB 724,135 thousand in 2022[31] - Revenue from the engine components segment increased by approximately 8.22% from RMB 637.33 million in 2022 to RMB 689.69 million in 2023, primarily due to increased production and supply of Bx8 crankshafts and connecting rods to BMW Brilliance[129] - The engine business segment recorded a revenue increase of approximately 358.17%, rising from about RMB 1.015 billion in 2022 to approximately RMB 4.651 billion in 2023[154] Costs and Expenses - The company reported a total of RMB 5,100,978,000 in cost of goods sold for the year, a significant increase from RMB 1,498,723,000 in the previous year[80] - The sales cost for 2023 was approximately RMB 5.16496 billion, representing an increase of about 233.20% from approximately RMB 1.55009 billion in 2022, attributed to the rise in range extender sales[102] - Sales and distribution expenses rose by approximately 64.03% from RMB 12.37 million in 2022 to RMB 20.29 million in 2023, accounting for approximately 0.75% and 0.38% of revenue in 2022 and 2023, respectively[131] - Other expenses increased significantly by approximately 332.94% from RMB 12.61 million in 2022 to RMB 54.49 million in 2023, mainly due to increased general research expenses[132] Assets and Liabilities - The total assets minus current liabilities amounted to RMB 2,192,940 thousand in 2023, compared to RMB 2,340,466 thousand in 2022[35] - Non-current assets were valued at RMB 2,488,630 thousand in 2023, down from RMB 2,668,042 thousand in 2022[34] - The company’s net current liabilities decreased to RMB 295,690 thousand in 2023 from RMB 327,576 thousand in 2022[35] - The total liabilities were approximately RMB 378.50 million as of December 31, 2023, up 52.5% from RMB 248.12 million on December 31, 2022[162] - The debt-to-equity ratio increased to 2.21 as of December 31, 2023, compared to 1.48 on December 31, 2022, primarily due to increased payables related to trading[164] Governance and Compliance - The company maintained compliance with all corporate governance codes as of December 31, 2023, ensuring adherence to high standards of corporate governance[2] - The board of directors includes two executive directors and four independent non-executive directors, ensuring a balanced governance structure[5] Market and Industry Trends - The demand for plug-in hybrid vehicles grew by 85% to 2.81 million units, while pure electric vehicle sales increased by 25% to 6.68 million units, reflecting the robust growth of the NEV market in China[98] - The company is optimistic about the automotive industry's future, with NEV sales expected to rise to over 50% of total vehicle sales by 2035[125] - The sales of new energy vehicles (NEVs) increased by 37.9% year-on-year to 9.49 million units, accounting for about 31.5% of the total national sales in 2023[150] Research and Development - Research and development costs recognized as other expenses surged to RMB 34,248,000 in 2023, compared to RMB 9,718,000 in 2022, indicating a growth of 252.5%[80] - The company has developed NEV-compatible CE engines for the new generation of NEV range extenders, addressing the challenges of charging infrastructure[126] Financial Management - The company had available and undrawn bank financing of RMB 193,048,000 as of December 31, 2023, indicating strong liquidity support for future operations[20] - The company is actively engaging with financial institutions for refinancing and new borrowings, demonstrating proactive financial management strategies[20] - Major shareholder Brilliance China has committed to providing ongoing financial support to the group for a period of 12 months from the date of board approval of the consolidated financial statements[41] Shareholder Returns - The company has not declared or paid any dividends for the years ended December 31, 2023, and 2022[58] - The group does not recommend any dividend distribution for the year ended December 31, 2023[170]

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 2,249,808 thousand, compared to RMB 490,468 thousand for the same period in 2022, representing a significant increase [8]. - Gross profit for the period was RMB 107,160 thousand, with a gross margin improvement compared to the previous period [3]. - The net profit for the six months ended June 30, 2023, was RMB 21,742 thousand, a turnaround from a loss of RMB 37,773 thousand in the same period last year [9]. - Basic earnings per share for the period was RMB 0.017, compared to a loss per share of RMB 0.029 in the same period last year [11]. - For the six months ending June 30, 2023, the company reported a pre-tax profit of RMB 25,267,000, compared to a loss of RMB 35,041,000 in the same period last year [32]. - The company reported a profit attributable to owners of the company of RMB 21,742,000 for the six months ended June 30, 2023, compared to a loss of RMB 37,773,000 in the same period of 2022, marking a turnaround in performance [43]. - The company recorded an unaudited profit before tax for the first half of 2023 was approximately RMB 25.27 million, a turnaround from an unaudited loss of RMB 35.04 million in the first half of 2022, mainly due to business growth post-COVID and increased profits from an associated company [143]. Assets and Liabilities - Total assets increased to RMB 5,428,139 thousand as of June 30, 2023, compared to RMB 4,156,131 thousand at the end of 2022 [12]. - The company reported a significant increase in trade and other receivables, amounting to RMB 2,180,396 thousand, up from RMB 783,560 thousand in the previous year [12]. - As of June 30, 2023, the company's current liabilities net amount was approximately RMB 288,027,000, but the financial statements were prepared on a going concern basis [34]. - The company has committed to providing ongoing financial support for the next 12 months to maintain its operations [35]. - The total amount of trade payables and notes payable was RMB 541.80 million as of June 30, 2023, compared to RMB 496.75 million as of December 31, 2022, reflecting an increase of about 9.06% [83]. - The company’s total liabilities increased, with trade payables and other payables showing a notable rise in the current period [70]. Cash Flow and Financing - Cash and cash equivalents decreased to RMB 43,710 thousand from RMB 59,059 thousand at the beginning of the period, reflecting cash flow challenges [20]. - Financing costs increased to RMB 30,958 thousand from RMB 28,204 thousand year-on-year, indicating rising interest expenses [3]. - The company obtained new bank borrowings of approximately RMB 274.05 million during the reporting period, with interest rates ranging from 4.40% to 6.50% [88]. - The company has pledged approximately RMB 128.98 million in bank deposits as of June 30, 2023, compared to RMB 135.13 million as of December 31, 2022, to secure credit financing [195]. Operational Highlights - The sales volume of engines increased by approximately 1,055.56% from about 13,500 units in the first half of 2022 to approximately 156,000 units in the first half of 2023, primarily due to the increase in sales of range-extended gasoline engines [97]. - The company sold approximately 949,000 connecting rods in the first half of 2023, representing an increase of about 120.80% compared to approximately 429,800 units sold in the same period of 2022 [98]. - The engine business segment recorded a revenue increase of approximately 989.7%, rising from RMB 169.78 million in the first half of 2022 to RMB 1.8501 billion in the first half of 2023, primarily due to increased sales of range-extended gasoline engines [139]. Employee and Administrative Costs - Total employee costs increased to RMB 62,048,000 in the first half of 2023 from RMB 56,198,000 in the same period of 2022, reflecting a rise of 10.0% [51]. - Administrative expenses increased by approximately 50.98% to RMB 73.57 million in the first half of 2023, accounting for approximately 3.27% of revenue, primarily due to increased research and office expenses [122]. Corporate Governance - The company has adhered to all provisions of the Corporate Governance Code during the reporting period [181]. - The audit committee, along with management, reviewed the accounting principles and practices adopted by the group for the six months ended June 30, 2023 [183]. - The company has confirmed compliance with the standards for securities trading by its directors during the reporting period [182]. - The company continues to focus on maintaining the highest level of corporate governance to meet business needs and shareholder expectations [181]. Investment and Development - The company invested approximately RMB 9,631,000 in the development of new automotive engine technology during the reporting period [75]. - The company has made significant investments in construction projects amounting to approximately RMB 11,256,000 during the reporting period, down from RMB 24,079,000 in the same period of the previous year [43]. - The company plans to expand its product range in gasoline and diesel engines, supported by the recent investment in technology development [75]. Stock Options and Shareholder Information - A new stock option plan was adopted on June 19, 2023, allowing a maximum of 10% of issued shares to be granted as options [158]. - The new stock option plan allows for the issuance of up to 128,221,179 stock options as of June 30, 2023 [172]. - The company has not recognized any expenses related to stock options for the current reporting period [159]. - As of June 30, 2023, the company had 1,282,211,794 shares issued, with major shareholders holding approximately 31.20% each [164][174].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 XINCHEN CHINA POWER HOLDINGS LIMITED 新 晨 中 國 動 力 控 股 有 限 公司 （於開曼群島註冊成立的有限公司） （股份代號：1148） 截至二零二三年六月三十日止六個月之 未經審核中期業績公佈 新晨中國動力控股有限公司（「本公司」）董事會（「董事會」）公佈本公司及其 附屬公司（ 統稱為「本集團」）截至二零二三年六月三十日止六個月之未經審核 綜合中期財務業績如下： 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至以下日期止六個月 二零二三年 二零二二年 六月三十日 六月三十日 附註 人民幣千元 人民幣千元 （ 未經審核）（ 未經審核） 收益 3 2,249,808 490,468 銷售成本 (2,142,648) (460,617) 毛利 107,160 29,851 其他收入 4 11,508 5,783 ...

2022 2022 年 報 Annual Report XINCHEN CHINA POWER HOLDINGS LIMITED ANNUAL REPORT 2022 新晨中國動力控股有限公司 二零二二年年報 目錄 | 公司資料 | 2 | | --- | --- | | 財務摘要 | 3 | | 主席致辭 | 4 | | 管理層討論及分析 | 7 | | 董事、高級管理層及公司秘書 | 10 | | 董事會報告 | 14 | | 企業管治報告 | 28 | | 環境、社會及管治報告 | 46 | | 獨立核數師報告 | 63 | | 綜合損益及其他全面收益表 | 68 | | 綜合財務狀況表 | 69 | | 綜合權益變動表 | 71 | | 綜合現金流量表 | 72 | | 綜合財務報表附註 | 74 | 1 目錄 公司資料 董事會 吳小安先生 （主席） 王運先先生 （行政總裁） 韓松先生# 楊明先生# 池國華先生* 王隽先生* 黃海波先生* # 非執行董事 * 獨立非執行董事 授權代表 公司秘書 魏嘉茵小姐 註冊辦事處 Windward 3 Regatta Office Park PO Box 1350 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全 部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 XINCHEN CHINA POWER HOLDINGS LIMITED 新 晨 中 國 動 力 控 股 有 限 公司 （於開曼群島註冊成立的有限公司） （股份代號：1148） 截至二零二二年十二月三十一日止年度之 業績公佈 新晨中國動力控股有限公司（「本公司」）董事會（「董事會」）公佈本公司及其 附屬公司（ 統稱為「本集團」）截至二零二二年十二月三十一日止年度之經審核 綜合財務業績如下： 綜合損益及其他全面收益表 截至二零二二年十二月三十一日止年度 二零二二年 二零二一年 附註 人民幣千元 人民幣千元 收益 4 1,652,481 1,462,777 銷售成本 (1,550,089) (1,386,340) 毛利 102,392 76,437 其他收入 5 24,978 109,204 ...